Emerging Glory Sdn. Bhd. = Emivest Bhd. + Leong Hup Holdings Bhd.

CK>> This is my first post about the Emivest and Leong Hup Holdings privatization. In fact, this deal is a damn tedious privatization deal because I have been follow-up for more than a year. Yes, more than a year. The privatization offer was made on November 2010, but up to now, it is still on-going. But based on the latest progress, it should be reaching the end on March/April 2012. Yes, finally, it is the end...

For your information, Emivest's EGM was held on 6/9/2011 and shareholders had voted in favour of this merger deal. Now I'm waiting for LHH's EGM which to be held on 19/1/2012. The outcome should be more or less the same as Emivest.





Based on the table above, you may notice there is still a room of 4% profit gain compared the current share prices with takeover prices. But if you follow-up this deal closely, you may realized that the gain is much more than 4%.

Why? The reason is simple, because the boards of both companies had agreed to give dividend once all the process about merger deal was completed. And, most importantly is that, the takeover prices will be maintained on top of that soon-to-be-announce company dividend. Yes, it is about the same as PLUS Expressway privatization because the entire process has been dragged for too long. So the additional dividend to shareholder is needed.

Since I'm advocating "Sharing is Great" concept. So I will be kind enough to share with you my "hard" work about this deal since November 2010 up to now. Please see the chronicle of this deal as illustrate in table below:






















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