CK>> I have been waiting for Sunway + Suncity merger since Nov 2010 until Aug 2011, it takes me around 10 months to earn that 20% profit. For me, it is a much better profit if compares to bank fixed deposit.

Sunway + Suncity merger has been materialized and newco Sunway Berhad is scheduled to list on 24-Aug-2011. While waiting for the 20% cash back, I should now start to aim for the next merger target in Oil and Gas sector, which is Kencana + SapuraCrest.

Important Date:
11-July-2011: Both Kencana & SapuraCrest were received takeover offer from Integral Key Sdn. Bhd. (IKSB)!
05-Aug-2011: Board of Directors from both companies accept the takeover offer!






CK>> Well, after the past few days dip in share price, today share prices closed at 9% discount compared to merger offer price. That means there is still about 9% potential gain to go! Would you buy and hold for 9-10 months to get this 9% profit gain? Erm... Let me think about it first as there are few approval process to be  go through during this period of time. Will both Kencana and SapuraCrest win 75% + 1 vote from their respective shareholders? Let's see.