Oh, the deal already done? I thought they going to fix a date for the actual transfer.

What happen if the effective date for the take over of Kuchai assets and liabilities is before 11 Dec?

Hope so. After the swap, Sg Bagan NTA should be around RM13, right???

Hope they sell and distribute to shareholders.

The swap has been sealed. Just wait for the cut-off date. Good for Sg Bagan's shareholders.

High volume lately. Something interesting coming?

Sg Bagan got💪💪💪. Don't think OCBC can bully them.

The notice did not mention the ex-date for taking over the assets and liabilities of Kuchai. Even if Sg Bagan doesn't sell the GEH shares to OCBC, it's still a valuable shares to hold. For long term, I think Sg Bagan's share should fly.🤞

So this is actually very beneficial to Sg Bagan as Sg Bagan already executed the resolution.

How will this exercise going to affect Kuchai and Sg Bagan's shareholders?

Seen the latest announcement?

Seen the latest announcement?

The major minorities shareholders of GE is fighting for a higher price from OCBC.

I think they will just let 12 Jul lapse. Drag on so that they will get more time to get a better offer from OCBC.

Very interesting development. Don't know how it's going to end up. Hope a win-win for both Kuchai and Sg Bagan shareholders.

Don't think Sg Bagan will allow OCBC to buy over GE shares from Kuchai. Already 90%+ of Kuchai's shareholders voted in favour of the resolution so there is no turning back unless there is another resolution to overrule the earlier resolution. I think OCBC needs to negotiate with Sg Bagan and not Kuchai. As it stands, Sg Bagan got the upper hand and not Kuchai. Just my opinion.

Based on the approved resolution, Sg Bagan will definitely take over the assets and liabilities of Kuchai first before they will sell their GE shares to OCBC. I don't think Sg Bagan will allow Kuchai to sell direct to OCBC.

Can Kuchai's shareholders still negotiate for a better deal from Sg Bagan after they have voted for the resolution?
Extending the date will not make any difference to the resolution. .

90%+ supported the resolution during the EGM. There is no going back.

Sg Bagan will take over all assets and liabilities of Kuchai. All benefits are going to Sg Bagan. Kuchai is just a shell company. Might as well buy Sg Bagan in the open market rather than wait for that 222 shares.

Kuchai at a losing end. Sg Bagan is the biggest gainer.

How's the outcome of the EGM?

Is this a good deal for KDB's shareholders?

Prefer they distribute the cash rather than Sg Bagan shares.

Such a bad deal, do you think they will get it pass in the EGM/AGM?

The latest news or exercise announced recently, is it good or bad for shareholders? Any advise please.

Any news on this counter? Seems very quiet.

They gave dividend?

High volume but price drop???

Dividend-in-specie ex-date 17 Aug

Based on Sg Bagan share at $3.32, the dividend-in-specie is about $0.46 per share. That is fantastic.

Hi birkincollector, the 12mil off market transaction at 2.37 just happen?

What is happening to Kuchai?

What exercise are they intending to do?

Look out for Kuchai. 1.98

Their income mainly derived from GE in S'pore. S'pore's economy should pick up faster.

I thought it will be easier to take Kuchai private as Kuchai owned Great Eastern shares plus 2 properties only.

Pineapple hits limit up today. Is Chuan Huat going to follow?

what is happening today?

Kluang and Sg Bagan got volume today and their prices went up. Kuchai down. Why???

SCR is based on last 5 days closing price plus certain percentage of premium???

Kuchai NTA $4.012 up from $3.89.

GE S'pore keeps falling. Bad for Kuchai.

They sold their investment in AISB and made $1.2m.

High volume today!! Any news??

yoyo up and down!!!

Crazy, hits a high of $0.50!!!

Takeover??? By who?

Hi guys, something cooking.

Very high volume. What's going on??