CK>> TYK offers to takeover EngTek's shares at Rm 2.50 a share. Board of directors of Eng Tek had accepted the offer. Another 12% potential gain if buy now and hold tight until Q1 2012. Perhaps it could be  your post CNY "Ang Bao" money.

So what are you waiting for? Don't be too greedy trying to look for other stocks to invest and hope to gain profit higher than this 12%, especially in this kind of volatile and fragile market. As long as it success to obtain 75% + 1 votes from shareholder during EGM (expected to be held on end of 2011), then entire takeover will be success.

Important Date:
18-7-2011: Notified by certain major shareholders about the privatization of share, but no official offer been given (Just indication to privatize the company).
22-7-2011: Received official takeover offer from TYK Capital Sdn. Bhd.. Offer price is RM2.50 per share.
04-8-2011: Non-interested Directors have decided to accept the takeover offer. (non-interested directors here means those directors who have direct interest in this deal are not allowed to make decision).
22-8-2011: Enter into Sale of Business Agreement for business disposal.