In the financial year ended Dec 31, 2015, Munchy’s posted a net profit of RM41.34 million. Assuming 20% profit growth for 2016 and 2017, its net profit would be around RM60m At 15x PE, it is worth about RM900m. Rsena has less than RM400m. How to make it happen ?

Not sure if Tan brothers want to give up control..... Unless they remain the controlling shareholders which can be done thru share swap. In which case, the 20% shareholdings of the promoter will be diluted.....

From what I read, Double-V Series Sdn Bhd, the Tan brothers’ holding company, currently owns a 70% stake in Munchy’s with the remaining 30% held by fund investor Tap Crunch Sdn Bhd. Rsena has to acquire at least 51% of munchy to qualify for QA.

Rsena has to acquire at least 51% of munchy to qualify for QA.

From what I read, Double-V Series Sdn Bhd, the Tan brothers’ holding company, currently owns a 70% stake in Munchy’s with the remaining 30% held by fund investor Tap Crunch Sdn Bhd.

For those voting by proxy, the forms must arrive at the registrar 48 hours prior to the EGM. So, Insiders should have a rough idea by now.

For mandatory takeover in case of 33% breach, it is condition on able to secure sufficient acceptance to cross the 50% ownership threshold. If more than 50% shareholders already indicate non acceptance, then there would be no GO.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5739009

Offer price is not reasonable but fair to iwcity shareholders which means ekovest shareholders are getting a good deal.

Newbie8080, it is a PRIVATE placement. It is up to the BOD to decide whom they want to place out the shares. I don't want to jump to conclusion the reason behind the private placement, but it is obvious that the private placement came out after KYY threaten an EGM to get board representation. Anyone agreeable that the private placement are most likely given to "friendly parties" ?? So, THEY = Friendly parties

The US$1.87b power plant in vietnam which Jaks eventually owns 40% is currently 22% completed, it will be 50% by end 2018 and fully completed by 28/2/2020.

If no good, why would they want to take up 10% shares at RM1.38 ?

Ang Lam Aik sold total of 750,000 shares during the private placement price fixing period. Those shares were acquired thru exercise of LTIP at RM1.40 on 12th March 2018 which is 2 days prior to the announcement of private placement. What is the intention of exercising the LTIP and selling during price fixing period ? He could have kept the LTIP at no cost and only to exercise when the market price is higher. Why waste the LTIP for just a few cents profit ?

That is quite unlikely given the strong prospects in the vietnam power plant and the low subscription price.

Vietnam power plant will be 50% completed by 2018

Jaks able to place out 10% new shares twice within short intervals is a demonstration of strong company's prospects. I believe the new investors are all eyeing on the vietnam power plant which will be 50% by 2018. Another 30% in 2018 means jaks will recognise RM125m profit from the vietnam construction activities in 2018.

Margin calls must be regularised within 3 days. Isn't it a bit too late now ?

Penalty for non reporting of buy/sell transactions by substantial shareholders is .......

" Section 123 of the Securities Industry Act states the general penalty for failure to comply with this requirement is, upon conviction, a fine not exceeding RM 1,000,000 or imprisonment for a term not exceeding 5 years or both. "

KYY transferred 7,000,000 shares from Maybank, where his margin limits were cut, to Kenanga, RHB, and Hong Leong Bank. This will provide KYY with more margin facilities.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5733413

Private placement price has been fixed, there is no need to suppress the share price anymore.

https://www.sc.com.my/securities-industry-reporting-of-substantial-shareholding-regulations-1998/

Why attacking a statement of facts ? Got hidden agenda ??

Zoozooka made it sounds like I m lying.

Can someone please tell me that the law does not require one with more than 5% to report to Bursa Malaysia.

Anyone holds more than 5% shares must report to Bursa Malaysia

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5733553

http://www.theedgemarkets.com/article/red-sena-valuation-expectations-thailand-vietnam-and-indonesia-even-higher-malaysia

Many are interested to buy .....

On behalf of the Board, HLIB wishes to announce that the High Court had on 20 March 2018, granted TRIplc an order approving and sanctioning the Internal Reorganisation pursuant to Section 366 of the Companies Act, 2016 (“Court Order”). The extraction of the sealed copy of the Court Order will be made in due course.

The Internal Reorganisation will become effective upon lodgement of the office copy of the sealed Court Order with the Companies Commission of Malaysia.

This announcement is dated 20 March 2018.

It is easy to be overshadowed by the Star's claim which may cause up to RM25m losses on Jaks. This has caused the weak holders to sell on fear. The placement has further aggravated the fear. The placement will dilute the current ownership but at the same time stengthens the company's cash positions. It also signals investors' confidence in Jaks.

While waiting for the plant to start operation, Jaks will make a profit of US$110m from the construction activities. 20% of which has been recognised up to 2017. 30% or RM125m will be recognised in 2018.

KYY is so confident because he knows power generation business. He invested so much because he sees golden opportunity. He holds more than 30%. He has to report all his transactions to bursa. He can't manipulate and off load to the open market secretly. He can only hope that his judgement on JAKS is correct. The fund managers will be willing to buy from him at higher prices when JAKS delivers stunting results in future. So, the main focus should be the prospect of the Vietnam power plant which will commence operation in 2020.

Vietnam power plant will be 50% completed by 2018. It will contribute RM125m profit to JAKS in 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5724693

That is why investors are accumulating the shares silently.

More than RM100 million profit every year for the next 25 years makes current problems trivial.

http://klse.i3investor.com/blogs/koonyewyinblog/150921.jsp

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=85846&name=EA_GA_ATTACHMENTS

Based on the Affin Research Report, Jaks vietnam power plant will see another 30% progress on its construction in 2018. That is to say another RM540m revenue and RM125m profit will be booked in 2018.

Once again, the proposal for placement of new shares proven that the critics are wrong about Jaks. If Jaks is a junk company, It would be impossible to place out 10% new shares to Institutions and fund managers.

The first closing date is 2nd April. They will make sure the minimum acceptance level is reached. If needed, they will buy aggressively up to 1.50 once EGM is approved.

Des07 - Yes, I read those articles already. Thanks anyway.

Andy Ang gone thru hell to get its vietnam power project off the ground and landed a good deal with China power as its partner. KYY saw the golden opportunity and emerged as the largest shareholder with 31.75% ownership. After his request to become a director rejected by Andy, KYY is preparing to launch an EGM for board representation and remove a few "useless directors". In its OCT 2017 letter to the board of directors, KYY proposed 1 bonus + 1 warrant for every 4 shares held. KYY believes this will help to move the share price higher. This proposal may well be on the table if he wins the EGM.

Ang family acquiring more shares to defend their control as KYY will soon be calling an EGM to take over control of the board. Fight for market shares will soon start.

Jaks' director acquiring more shares

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5721005

If you believe KYY is so powerful, then you should buy Jaks, KYY will fry it to RM10 ! Don't let the opportunity slip by.

Jaks' future DOES NOT depend on KYY. At this point in time, It depends solely on its vietnam power plant. With or without KYY, Jaks will live up to its value. No point keeps talking about KYY in this forum.

Who are you trying to scare ? 3 years old kids ??

ha ha ha ha ha. I m speechless....... I can only laugh.

Your persistence negative baseless speculation is questionable.