Important Date:
14/12 - SapuraCrest's EGM
15/12 - Kencana's EGM

CK>> It is about the end of the entire merger exercise. We should expect the shareholders of both companies to vote in favour of the proposed merger exercise. Barring any unforeseen circumstance, the resulotion will get through during EGM and the NewCo will be listed on Bursa on the end of February 2012 (as written in tentatively timetable portion of circular to shareholders). I will share those useful information that I had extracted from circular to shareholder document at the later part of this article.

As usual, here is the latest update of the share prices. Both Kencana and SapuraCres are now in the 10% potential profit range. I personally do not think the share prices will drop further to provide you more than 10% profit from the proposed merger prices as the EGM of both companies are around the corner.






Directors' Recommendation: (Page 42 of Kencana's Circular)

Independent Adviser's Recommendation: (Page 53 of Kencana's Circular)






Tentative Timetable: (Page 43 of Kencana's Circular)













If you are interested to write the entire Circular to shareholders, here are the links:
Kencana>> http://announcements.bursamalaysia.com/EDMS/subweb.nsf/7f04516f8098680348256c6f0017a6bf/f923761244372428482579510024e310/$FILE/KENCANA-Cover%20to%20Page%20150.pdf

SapuraCrest>> 
http://announcements.bursamalaysia.com/EDMS/subweb.nsf/7f04516f8098680348256c6f0017a6bf/35ad666ca1b463b2482579500035966d/$FILE/SAPCRES-Cover%20to%20Page%20100.pdf