Upon completion of the proposed share placement, the group’s direct and effective interest in NuEnergy will be diluted from 64.7% and 51.7% to 31.7% and 25.4% respectively, GFB said in bursa Malaysia filing today.
This represents a dilution in direct and effective interest of 33.0% and 26.3% respectively, which represents a material dilution of the group’s equity interest in a principal subsidiary under Paragraph 8.21 of the Main Market Listing Requirements of Bursa Malaysia.
Upon completion of the proposed share placement, NuEnergy will no longer be treated as a subsidiary but will be considered as an associated company of the group.
Glotec is selling the compant to saujana. game over. what gas venture la
02/04/2019 1:55 PM
Leoleois it a very excited development. the MD must be veli excited again and again .
flybySmells like a private plan behind the curtain. Placement price too low. NGY price came down to satisfy low price. Been waiting for pod for so long, selling price would be much higher if waited for pod. How convenient for some. Decision makers decide for whose benefit? 80% directors for Saujana who holds 51% stake??? Why sell 51%, there would be investors who may be willing to buy at higher price for minority stake considering everything is in place except for the pod.
Surprise attack using shock tatics. RAT is presented as a warm and trustworthy furry creature by the board.
Still 25% of profit is very good considering the size of CBM reserves. Glotec is also doing well in the other fronts. Perhaps there may be some who may feel cheated by the smiling faces of the board of directors. The chairman has a nice smile and honest look.
02/04/2019 6:09 PM
flybySocialize the risk (Glotec), privatize the profits (Saujana) may apply here, who knows, not me. However, I'm sure some do.
DepecheWell done...marginal increase in profit...it has proven that some companies who opt for reverse split are truly confident of their future performance....reverse split should not be dismissed as a bad move.
24/05/2019 5:23 PM
tkl88Anyone know previously Glotec price only 0.025 Now how come price is 0.44 ? Is it from 0.025 direct spike up to 0.44 ? => 0.44 - 0.025 /0.025 * 100% = 0.415/0.025 *100% = +1660% An increase of 1660% !!!
25/05/2019 9:35 AM
JohnsonleeGlotec performance improve a lot. PE 18.72 and NTA 0.953. Worth buying now. Great job to the management.
27/05/2019 12:10 PM
劉尹光yeah! i see improvement in financial report as compare to corresponding period... Glotec claw back and alive soon..
28/05/2019 9:08 AM
ikah2000performance improve, but still stock price no up
ktsk88from their last 4 qtrs the net profit is on the uptrend except the 4th one where there is impairment of assets written off resulting in losses for the 4th qtr.
Going forward, i foresee a net profit of 3mil per qtr or 12mil per annum.......just my opinion.
03/10/2019 11:01 AM
maya1301Yes you got it almost right. Operator done collecting below 40sen. TP rm1 end of the month
