Practice Makes Perfect
OSK + RHB - Possible Merger (27-5-12)
Chin Kok Tan
Publish date: Sun, 27 May 2012, 11:50 PM
Chin Kok Tan
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Welcome to CK's Mergers & Acquisitions Theme Park - The BEST Has Yet to Come!
Based on the unreliable sources, RHB Capital Berhad (RHB Cap) and OSK Invesment Bank (OSKIB) are planning to sign the conditional share purchase agreement either end of May or early of June, which is around this week.
In case you are not familiar with OSKIB, which is the non-listed 100% subsidiary of OSK Holdings (OSK), let's start with a brief introduction of OSK group corporate structure.
Listed below are the subsidiaries of OSK:
1) OSK Investment Bank
2) OSK Capital
3) OSK Ventures
4) OSK Realty
5) OSK Investment Bank (Labuan)
6) OSK REIT Management
7) Kezan Holdings
If purely based on the above list, you may mislead by me and you have a first perception that OSKIB is just a small little tiny subsidiary of OSK. Well, how big is OSKIB and how many percentage of OSK's earning is generated from this investment bank unit?
The answer will be quite clear if you are able to read the detailed breakdown of OSK's corporate structure chart below, as has been circled in red by me for better illustration:
So, what do you think? After disposal of investment bank arm, I personally think that OSK will left almost nothing, perhaps just an empty shell with a minimal business still going on, but not deserve to be continue listed in market.
Let's wait for the details of this possible merger deal.
<<The BEST has yet to come, be patience and passion>>
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Be the first to like this. Showing 2 of 2 comments
Aik, no for android..?
only for iphone..? wow, iphone is better than android?
2012-05-28 08:44
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Namoyaki Takarajima
No matter how good RHB action plan for merging, still, if they can't make Android Application available for online trading, they are still lousy!
2012-05-28 02:05