Important Date:
Cash Distribution: RM2.60
16/1/13: Ex-date
6/2/13: Payment date (Sui Sui, CNY ang pao)

CK>> Phew, as per KrisAssets announcement today, there will be cash distribution of RM2.60 per share. The last market closing price of KrisAssets is RM2.55. Means there will be profit margin of 5 cents still.
0.05/2.55 *100% = 1.96% in around 1 month. Annualized return is around 20%? Good deal still...

As you may aware, there is only one announcement today for cash distribution. There is no announcement about suspension of securities.. etc. It means KrisAssets will remain listed until further notice.

As per circular to shareholders on June 2012, board of director has no intention to remain listing status of KrisAssets. Upon completion of proposed distribution, KrisAssets will be voluntarily wound-up. The shareholders of KrisAssets will then hold unlisted shares in company until the completion of the winding-up process and be entitled to cash distribution resulting from the recoverability of the remaining assets (net of liabilities), if any, on a pro-rata basis.













So in overall, I'm able to make three rounds of profit from KrisAssets, thanks to its corporate exercises.

Round 1: Distribution-in-species for IGBREIT shares. You may refer to my previous post here:
http://cktan1984.blogspot.com/2012/10/krisassets-first-ang-pao-in-q4-2012.html

Round 2: Cash distribution vide capital repayment and special dividend (still in the process, payment date on 6/2/13). I'm holding quite a big position, but the return is not really that much due to short period of time (around 1.5% profit in 1 month++ since my cost is RM2.56). Just wait for ang pao before CNY.




Round 3: Proposed withdrawal/exit offer as company will propose a voluntarily wound-up to existing shareholders and then de-list the company.
>> Unknown cash distribution amount, let's wait for announcement after CNY... But if you need cash fast, you can just sell it on ex-date of this RM2.60 cash distribution, which is on 16/1/13 without waiting for proposed voluntarily.

The KrisAssets share price on ex-date 16/1/13 would likely indicate the final cash distribution for proposed voluntarily. But sometimes people will just rush to it and push up the prices for nothing. Let's wait and see...

CK>> Hohoho... 准备过个大肥年咯！！！