CK>> According to Kencana's announcement in Bursa website yesterday, it had received the approval from Ministry of International Trade and Industry with regards to the proposed merger with SapuraCrest. It is another good step forward and we are getting nearer to the merger exercise.

But one thing I wonder here>> Why there is no similar announcement from SapuraCrest? I'm still waiting for it. In normal case, companies who involved in marger exercise will normally make announcement together at the same day. But it seems like doesn't apply in this case, not sure if something out of our expectation is going to happen soon.






CK>> Based on today closing prices, both Kencana and SapuraCres still manage to generate about 14-15% profit gain if compared to their respective takeover prices.

Kencana's Announcement:
http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/LsvAllByID/3BFF4C9ADE50A8BB482579430038A17A?OpenDocument