Frleong - if you refer to PacMas 2Q2012 Financial Results...
The NA is RM1.03....
and after the capital Repayment of 95cts...
the balance is 8cts...

so the 8cts could be for "tables, chairs & PC?...
Not forgetting that the Office is still in operation. so some expenses for the few personnel working for the PacMas until it is fully liquidated.

What could you be hoping for???
Since you hv interest in PacMas, you really should read in details the offer notice to PacMas..

i really salute this keanfee & kongfeifan86!

Again, HIGH RISK come HIGH GAIN...

Trading to a high of 44cts...

to Keanfee

if price move up more than 14cts..you shld make some money..
so check the stock price tomorrow morning...

PacMas reference price 14 sen after capital repayment from the star

The reference price for PacificMas Bhd on Friday following the capital repayment of 95 sen cash per share will be 14 sen.

Bursa Malaysia Bhd's securities market operations said in a circular on Thursday the reference price was merely an indicative price for the shares to be traded within the trading limits.

"The fair value of the shares should be determined by the market forces," it said.

The capital repayment of 95 sen, which goes ex on Friday, would involve reducing the par value of each RM1 share to 5.0 sen each under Section 64 of the Companies Act, 1965.

to keanfee, Yr question

so this stock still can buy?
if you happen to read this which was in response to kongfeifan86

If i happen to hv PacMas with me, i would be glad to sell to you...
Why??? Knowing that the capital payment is at 95cts...
would be very happy to sell it to anyone willing to buy at above the capital repayment price.
Just like what you have done..buying PacMas at 115cts...
i would be making a clean profit of 20cts...[115-95=20]..
PacMas will be delisted as stated clearly in the Notice..you should refer to bursa announcement...Pls read more if you want to make money.
Unless you are waiting for Mr Raymond Chan to buy the shell company of PacMas..then you can hold PacMas..
Otherwise, Sell to cut yr losses asap...
Remember, you are holding something that is worth only 95cts...
Hope this is clear to you...

After much writing, explaining to you that PacMas will be delisted...
you still want to buy PacMas!!!Hope yr buy decision is correct!!!

why PacMas will be demise? See last paragraph

PacificMas slips to top losers list

From Star dated 2012.06.06

Fall in share prices sees its year-high surge lasts only a day

PacificMas Bhd's shares topped the losers list falling 74sen to RM3.57 a day after surging to its highest price in almost 13 months, gaining RM1.01, to RM4.31 on Monday's close.
On June 1 the company announced to Bursa Malaysia a single tier tax exempt special interim dividend of RM2.405 per share, which will go ex on June 13, 2012.
Market observers said that the abrupt decline a day after the surge could be attributed to the overreacted exuberence of market participants on the share price without factoring in the developments in the company.
PacificMas had in another statement to Bursa on the trading day of the share price surge on June 4 highlighted to shareholders that “the market price of PacificMas' shares will be adjusted downwards by the amount of the special dividend of RM2.405 per PacificMas share on the ex-date by Bursa Securities”.
“The company wishes to reiterate that the declaration of the special dividend, which was part of the proposed distributions, was made pursuant to Section 4, Part A of the circular following the completion of the proposed disposals on May 31, 2012,” it said.
The company had, on May 31, announced that PacificMas and OCBC Capital (Malaysia) Sdn Bhd agreed that the disposals, proposed on April 24, were completed on May 31 in accordance with the terms and conditions of the sales and purchase agreement.
The proposal was to dispose several of its subsidiaries to OCBC Capital and PacificMas had also proposed to distribute the proceeds from these proposed disposals to all entitled shareholders via a special dividend or a capital repayment.
These disposals included its 100% equity interest in Pac Lease Bhd, P.B. Pacific Sdn Bhd, PacificMas Fidelity Sdn Bhd and PacificMas Capital Sdn Bhd for RM387.89mil and a disposal of its 85% equity interest in Pacific Mutual Fund Bhd for RM40.34mil.
The company also announced that it would apply to delist its shares after it receives shareholders' approval pertaining to its proposal to wind up because it will only be left with some remaining illiquid assets after the disposal of several of its subsidiaries is completed.

Thanks tonylim for the info..

There is no ex date for payment

error rectified as

"Payment Date is Sept 11 2012"

to keanfee

Capital Repayment is 95cts per share

Capital Repayment Ex-Date is Aug 24 2012

Payment Ex-Date is Sept 11 2012

(Unless otherwise defined, all terms used in this announcement shall have the same meaning as defined in the circular to shareholders dated 24 April 2012 (“Circular”).)

The Capital Repayment which is part of the Proposed Distributions, is made pursuant to Section 4, Part A of the Circular. The Capital Repayment was approved by the Shareholders at the EGM on 16 May 2012 and confirmed by the High Court on 2 August 2012. Please refer to the Circular for further information on the Capital Repayment.

Pursuant to the Capital Repayment, the entitled shareholders of PacificMas whose names appear in the Register of Members or Record of Depositors of the Company at the close of business on 28 August 2012 will be entitled to the Capital Repayment.

Upon completion of the Capital Repayment, PacificMas will only be holding cash and certain illiquid assets. Therefore, the Board of PacificMas intends to initiate the proposed members' voluntary winding-up of PacificMas in accordance with the Companies Act, 1965 ("Proposed Winding-Up") after the Capital Repayment. The Proposed Winding-Up will be undertaken to facilitate the liquidation of the remaining illiquid assets and thereafter, return the net cash recoverable arising thereof to the shareholders. Thereafter, as there is little or no advantage to remain listed, it is not the intention of the Board to maintain the listing status of the Company. Accordingly, an application will be submitted to Bursa Securities to de-list the Company from the Official List of Bursa Securities after the receipt of the Shareholders' approval for the Proposed Winding-Up.

to keanfee...

Yr Question "stock dividends how to calculate?"
You cannot calculate Stock Dividends!!!!
Stock dividend is decided by the company...if it is profitable..
otherwise you get no dividend...ex;MAS...

You can calculate the Dividend Yield of a company...
say, the dividend is 10cts per share of AAA Bhd...
yr costs of holding AAA Bhd is RM1.00
Then you can easily calculate Dividend Yield [DY].
10cts divided by 100cts equals 0.1 is 10%..
investors will used this DY to compare yr banks FD Rates.
Get it...

You shld take this Raya holidays to read more on PacMas...
since you are so interested in this company..
Pls READ & READ & understand the contents...
if still not clear come back to this forum..
see if i could help you..










anyone can let me know this company background? thx

to yungshen1

Pls do some reading...what this means DOING yr own research..
As mentioned by KC Loh
"sudah mau tutup kedai la, PACMAS. going for a long raya and never come back!"

What Mr Loh is telling you...is Pacmas will NOT be listed in Bursa
once the capital repayment is completed..
You still want to buy because you find PacMas to be cheap...
dropping from RM 3 to RM1....it is cheap!!!!
invest in PacMas for what?? it is a empty shell company!!!!!
no more business...
Come on wake up....keep yr hard earned $$$$ for better investment..

to kongfeifan86

If i happen to hv PacMas with me, i would be glad to sell to you...

Why??? Knowing that the capital payment is at 95cts...
would be very happy to sell it to anyone willing to buy at above the capital repayment price.
Just like what you have done..buying PacMas at 115cts...
i would be making a clean profit of 20cts...[115-95=20]..
PacMas will be delisted as stated clearly in the Notice..you should refer to bursa announcement...Pls read more if you want to make money.
Unless you are waiting for Mr Raymond Chan to buy the shell company of PacMas..then you can hold PacMas..
Otherwise, Sell to cut yr losses asap...
Remember, you are holding something that is worth only 95cts...
Hope this is clear to you...

to kongfeifan86....

PacMas will be delisted after the capital repayment is completed...

Yes, 95cts will be paid to you, but yr costs is 115cts...what happen to yr 20cts then???

You mentioned TM...well TM will be continually be listed...good to hold TM in this case..

Pls read the Bursa announcement...this is yr homework...