invest icon@AlfI3 Sunway management said the ICPS issuing expect to complete by end of this year
30/09/2020 9:19 AM
gongxifacaiThis Cheah Family ah, keep collecting...the more you all throw, the more they can collect at low....rich people who knows their stock, they dont use company to buy back, they use personal holding company to buy from open market.
30/09/2020 3:09 PM
invest icon@gongxifachai They heard your voice, today company buy back 740,000 shares at 1.37. cheers
30/09/2020 11:30 PM
Ooi Inn JiaHm.... I think that buyback bukan banyak pun, may see them buying more. Judging from recent active acquisition by the insiders & EPF over the past few weeks, I would say good news may be coming soon. Just an opinion from amateur, what do you guys think?
01/10/2020 10:52 AM
gongxifacaiOoi Inn Jia, just look at the cheah family, who run the business of course know their business better than us. so they willing to spend so many million to acquire shares, of course they think their company is undervalued. if the stock price continue perform like this, and the cheah family continue acquire shares, dont be surprise if they announce privatized the company.
01/10/2020 2:52 PM
AlfI3If it wud b privatised, then d initial announced RI wud b aborted prior to d MGO rite?
micsohWhy not see announcement of warrant exercise price being step down 7sen, is anyone have any idea?
05/10/2020 10:16 PM
invest icon@micsoh check this profile of Sunway WB UNDER Remarks https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=2894025.
05/10/2020 10:53 PM
invest iconBy Oct 2023, The new conversion price will be around 1.28-1.30 when ICPS is launch
05/10/2020 10:54 PM
invest iconBesides, there may have some free warrants WB when ICPS are issue
05/10/2020 10:55 PM
micsohInvest icon thanks for the info. By this time it shall be announced revise price, I don't know maybe today?
06/10/2020 7:56 AM
Ooi Inn Jia@gongxifacai replied to my post 'Ooi Inn Jia, just look at the cheah family, who run the business of course know their business better than us. so they willing to spend so many million to acquire shares, of course they think their company is undervalued. if the stock price continue perform like this, and the cheah family continue acquire shares, dont be surprise if they announce privatized the company.'
micsohWhy warrant exercise price still not adjust?
06/10/2020 11:19 PM
invest iconon 4/10/20 the conversion price for WB should be RM1.63. There will be further reduction of conversion when ICPS successfully issue. Further adjustment will depends on number of ICPS issue. I believe the final convention price from 4/10/23 will be around RM1.28-1.3. Couple with possible free 8-10% free warrants. Current WB at 0.24 is superb bargain
07/10/2020 10:58 AM
invest iconI believe this is why Cheah family control 62% Sunway and more than 70% WB
07/10/2020 10:59 AM
john1218@invest icon why the WB conversion price will be adjusted after ICPS issued? Would like to understand this, thanks.
07/10/2020 2:46 PM
invest iconWhen ICPS is issue, ICPS expiry date is 5 years but can convert earlier if the holders wants to. So, if ICPS is convert into Sunway Shares before the expiry of warrants. Capital is enlarge even though the expiry date maybe after expiry date of warrants. So, conversion price have to adjust lower due to capital is assume enlarge. You can check the announcement on ICPS.
07/10/2020 3:40 PM
invest iconThis is extracted from 11th Aug announcement (i) the existing exercise price of the Warrants:
Adjusted exercise price =Existing exercise price x (C-D)/C = 1.72 x (1.55-0.15)/1.55 = RM1.56
(ii) the number of Warrants:
Adjusted number of Warrants =Existing number of warrants x C/(C-D) = 629,958,045 x 1.55/(1.55-0.15) = 697.453,550
Additional Warrants to be issued = 697,453,550 - 629,958,045 = 67,495,505
07/10/2020 3:56 PM
invest icon1.56 is the new conversion in end 2020 after ICPS issue and yearly reduction will carry on till Oct 2023 as the lowest conversion rate
07/10/2020 3:58 PM
invest iconWhat I'm not sure is the additional warrants is free for Existing Warrants holders or others and the yearly reduction is base on percentage of adjustment or 7 cents per year
07/10/2020 4:00 PM
invest iconDuring the EGM, the management just mentioned the additional warrants is for existing holders. Logically, I assumed Existing holders refer to existing Warrant holders
invest icon@ gordonramsay ICPS just been granted Syariah status last week. I believe details will announce soon and issuant expected to be completed by this year
08/10/2020 9:46 AM
john1218@invest icon thanks for your explanation. If the conversion price is projected reduce to 1.30 level by Oct 2023, then it would be a very good offer.
08/10/2020 3:28 PM
jshy662em... why Sunway spend so much to buy back their shares ya??? something brewing???
09/10/2020 10:03 AM
invest iconMaybe this deal has found suitable investor. https://klse.i3investor.com/blogs/hleresearch/2020-09-04-story-h1513319089-Sunway_Potential_Unlocking_of_the_Healthcare_Unit.jsp
09/10/2020 10:14 AM
gongxifacaicheah family personally acquired when share price around RM1.35-RM1.37. Then in order to push high the share price, they use the company to buy back share from RM1.36-RM1.40... smart moves..
09/10/2020 1:43 PM
invest icon1.35-1.37 are just some of recent bought. He actually bought few millions as high as 1.43 since September
alfredSunway Lost World of Tambun theme park closed for 14 days
17/10/2020 4:59 PM
alfredOnly one tourism destination in Perak has been temporarily closed due to the recent spate of COVID-19 infections.Perak Housing, Local Government and Tourism Committee chairman Datuk Nolee Ashilin Mohammed Radzi said, however, no other tourist spot was affected so far. The closure of the Sunway Lost World of Tambun theme park for 14 days beginning Tuesday was an approach taken by the theme park’s management itself after some visitors were suspected to have been positive.
17/10/2020 4:59 PM
RainTU will not have chance to buy at this price if there is no crisis
when crisis come opportunity
you must know how to buy & to buy which one
no during crisis is all sell , make big money by buy the right investment during crisis
18/10/2020 7:46 PM
samo50sgIMO. Closing lost world for 14 days to cleanup and quarantine is the correct decision. I hope they won't u-turn on this. Just 1 week more.
20/10/2020 10:07 PM
AlfI3Closure of theme park for a certain period will somehow jeopardise revenue for a certain extend (especially during this cuti2 Malaysia time). The impact cud ony b known when d coming QR released.
Entitlement subject： Important Relevant Dates for Renounceable Rights Description： RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,112,777,962 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES ("ICPS") IN SUNWAY BERHAD ("SUNWAY") AT AN ISSUE PRICE OF RM1.00 PER ICPS ON THE BASIS OF ONE ICPS FOR EVERY FIVE EXISTING ORDINARY SHARES IN SUNWAY HELD BY THE ENTITLED SHAREHOLDERS AT 5.00 P.M. ON 6 NOVEMBER 2020 ("RIGHTS ISSUE OF ICPS") Despatch Date： 10 Nov 2020 Date for commencement of trading of rights： 09 Nov 2020 Date for cessation of trading of rights： 19 Nov 2020 Date for announcement of final subscription result and basis of allotment of excess Rights Securities ：02 Dec 2020
Last date and time for : Sale of provisional allotment of rights： 18 Nov 2020 05:00 PM Transfer of provisional allotment of rights： 20 Nov 2020 04:30 PM Acceptance and Payment： 26 Nov 2020 05:00 PM Excess share application and payment： 26 Nov 2020 05:00 PM Available/Listing Date： 08 Dec 2020
22/10/2020 10:45 PM
invest iconCan register with Tricor for subscription
23/10/2020 12:11 AM
AlfI3Finally, the long awaited moment had appeared
