CK>> Shareholders had approved the merger deal at EGM. It should now pending for the submission to High Court, in order to obtain approval from High Court with regards to the proposed capital reduction and repayment. This is just a standard procedures of the M&A deal, nothing worth to worry about.

Immediate after obtained the High Court approval (should be around mid Jan 2012), both Kencana and SapuraCrest will make announcement in Bursa about the details of entitlement date of capital reduction and repayment to shareholders.

Nothing much to expect now, both stocks are getting nearer to their offer prices respectively. Only 2% profit gain still available if you buy it now. If you are lucky enough, perhaps they will jump above the takeover prices. It could be the additional Ang Pao money for you. Who knows? Only heaven knows...





CK>> If you are still holding them, perhaps it is time for you to calculate the following:
1) How much capital repayment should I receive?
2) How much NewCo shares will I receive?
>> All info are available in diagram above, as written in BLUE color. Do your own calculation. If your mathematics failed, you may consult your primary/secondary school's teacher... :D Just kidding.

CK>> Charts below are purely for visualization purpose. Don't do any TA on them anymore, as it is pretty pointless already.

Kencana:

















SapuraCrest: