finally CEO buy back some share, 1.5m

Hi Valuemaster, need to learn how to count IPO is 15 cents?

Symphony House, Ranhill Energy ink deal for reverse takeover

KUALA LUMPUR: Symphony House Bhd has signed an agreement for a reverse takeover of the company by Ranhill Energy And Resources Bhd enroute to listing, confirming a StarBiz report.

Both companies had on Wednesday signed a heads of agreement for the corporate exercise where Symphony would acquire all of Ranhill Group Sdn Bhd and all or substantially all of its subsidiaries for a purchase consideration to be determined.

The acquisition would be satisfied by the issuance of new RM1 shares in Symphony after a proposed share consolidation at an issue price of RM1.50 per Symphony share.

However, before the acquisition, Symphony would consolidate its existing 10 shares of 10 sen each into one share of RM1 each.

"The proposed acquisition aims to provide existing shareholders of Symphony with an opportunity to benefit from Ranhill group of companies' growth potential in the water, power and oil and gas businesses.

"Symphony's shareholders are expected to benefit from Ranhill group of companies' experience in the energy and environment sectors, and its reliable cashflow from its contracts and concessions," it said.

Ranhill Energy, its shareholders and its persons acting in concert intend to seek an exemption from the obligation to undertake a mandatory take-over offer for all the remaining Symphony shares not already owned by them upon completion of the proposed acquisition. The exemption is to ensure the successful implementation of the proposed acquisition.

Symphony proposes to undertake a public offering of new Symphony shares and a renounceable rights issue on the basis of one new Symphony share for every existing one Symphony share held.

Funds raised from the proposed offering are intended to be used for, among others, paring down debts, business expansion, working capital as well as to disburse expenses related to the proposal.

They said there would be an offer for sale of Symphony shares by certain shareholders of Ranhill Energy.

Also Symphony's current acting chairman & group CEO Tan Sri Mohamed Azman Yahya and Abdul Hamid Sheikh Mohamed will undertake a management buyout of all the equity interest in Symphony's existing group of companies for a RM60mil cash consideration.

Upon completion of the proposal, Symphony will continue to be listed on the Main Market of Bursa Securities.

coming

let all the kaki contra out, can see the seller are most in small volume

I just bough 15k units, not much profit. But is happy now.

Barakah sound like Melaka in hokkien, bought rm1.56, still keep.
Hope got new year angpow as company may not give bonus this year.

Just loaded some, hope will fly soon.
Attend a seminar, GOB has many land bank at new Penang second bridge.
Once second bridge start, that land to build will good.
But need to wait, time will tell.

Yes, still holding.
Need time for this stock to up

I just share what I know about customise software.
If a company has been using the particular software, it is hard to change to another brand.
All the data base may not easy to transfer.
Let said about GST implementation, company may ask existing vendor to add in this new module rather than buy a new set of software from another company.

Nine-month net profit 28.870 million (increased 582.99%)

wake up again

Off load RM2.93 yesterday, looks like not moving as analysts forecast

going down, what happen? 0.59 now

haha, finally up, waiting for 2.95

That "angmo" buy a lot on 30th, 31th Oct, 1st, 4th, 6th Nov, all above RM2.88.
Will push up later?

moving now RM0.625

RM2.88 buy

MYEG up but CENSOF down, why? Anything related to GST?