6.08

KUALA LUMPUR – Empire Resorts, INC, in which Genting Malaysia Bhd (GenM) will buy a 46% stake from controlling shareholder Tan Sri Lim kok Thay for US$128 million (RM538 million), is facing a liquidity problem so severe, it has prompted the US-based casion operator to consider filling for voluntary Chapter 11 bankruptcy.

Empire resort on the brink of filing for bankruptcy

The US-Based casino operator , which Genting malaysia will buy a stake in, is running out of capital.

3rd national car use daihahsu

Abmb will drop below 3.00

will close at 6.18

if 2020 is the recession year than will come down again. all the blue chip in malaysia is expensive

this is the way to give PH a way to own the blue chip

6.62

maybank need to account the hyflux loss. so watch out.

The acquisition of Auric Pacific's distribution business in Malaysia and Singapore had a positive impact on the operating profit.

https://dksh.com/global-en/home/media/news?id=tag:xml.newsbox.ch,2019-07-16:1081.1080.digest

DKSH Holding Ltd. is Trading at 51.15 Swiss Franc which equals
RM212.27.

i think the finetech is disturbing maybank. so the price will be down again.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6234889

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6234889

2.18 - 6% yield

maybe umw buy mbmr

Yee Lee’s all-time high share price was at RM2.72 on May 11, 2017. Shareholders could be looking at getting an off er about this price level or higher.
Notably, shares in Yee Lee spiked to RM2.29 on April 29 when the VGO was made from RM1.91 in the previous trading day. That said, Ee Young sees little
reason to launch a fresh off er at a
higher price. “I don’t think that will be our
consideration. As it is, our share price didn’t go up, it has gone down. I don’t really see a need to raise
price. But again, I cannot rule that out completely. We have to discuss with our partner,” he said.
Another option is to make a new offer instantly, but it has to be at the same price. Not many people are
aware of such an option. For the option, the joint off erors will have to take two things into
consideration. First, if they make a new offer, even at the same price, they have to pay adviser’s fee again, which is not cheap. Secondly, how likely that the minorities would accept the off er that they have rejected not that long ago?
By the same token, there could be some shareholders who regretted not having accepted the off er. If
given a second chance, they might The joint off erors may consider to continue mopping up shares on the open market to raise their shareholding to 90% and request for voluntary suspension of trading In the company’s shares (but they cannot request for delisting as they need to obtain the 90% sharehold-
ing from general off er).Once trading is suspended, the chances of minority shareholders accepting the offer will tend to be higher as most investors are not
keen to hold non-traded shares.Indeed, the regulator will suspend the trading of Yee Lee shares under
the listing rules if the public spread requirement persistently not met.However, there might not be
many shares on the open market for the off erors to buy. Th ere were only 456,600 Yee Lee shares changing hands for the whole of last week.

assuming that there is a group of opportunists trying to
block the privatisation, we need to know where is the fund from. Another option is to apply for voluntary delisting, which has to be approved by a majority of shareholders, in number, representing 75%shareholding present and voting either in person or by proxy at
the meeting called for, but not more than 10% objection, according to its circular to shareholders. More-over, a reasonable exit offer must be made to minority shareholder

the family want to take the company private, but I
don’t think they have to do it urgently. So there have time for it.

if there is a group of opportunists behind who collectively own more than 10% stake and they refuse to sell, it would be difficult for the joint offerors to accumulate shares on the open market. As a result, they might be forced to raise the off er price.

Buy and own 10%. Than you can have say

CIMB Thai Bank PLC recorded a 19.4% jump in net profit to THB4299mil over the six months ended June 30, 2019, over the previous corresponding period on the back of higher operating income and lower provisions.

Read more at https://www.thestar.com.my/business/business-news/2019/07/17/cimb-thai-posts-19pt4pct-jump-in-1h2019-net-profit/#fJm1dtFEYzsljexf.99

better sell. Airasia looking to grow the rebranded cargo and logistics platform of Airasia
image: https://cdn.thestar.com.my/Themes/img/chart.png

Group Bhd has co-invested equally with Gobi Partners, a venture capital firm of around RM43.8mil (US$10.6mil) in EasyParcel, a regional e-commerce and parcel delivery player, to scale online parcel delivery services.

Teleport is a wholly owned subsidiary of AirAsia Group, formerly known as RedCargo Logistics.

Low-cost carrier AirAsia Group Bhd group executive chief officer Tan Sri Tony Fernandes said the group is unlocking the potential it’s logistics business potential with the help of EasyParcel, which will use the Series B funding to grow its online parcel delivery services.

“I have always believed AirAsia’s logistics business has a huge potential to be part of the social and e-commerce system.

Read more at https://www.thestar.com.my/business/business-news/2019/07/16/airasia-teleport-co-invests-in-easyparcel/#HovwCFZLZKCHVlHu.99

there need to stand for the everybody interest.

PPB & EPF not so stupid to dump at below price. if really that stupid than better change the investment team.

still can play spritzer. same shareholder

most after a year will have new offer.

Well if I am a large fund that requires steady returns every QR to declare a year end payout, maybe I wouldn't but to me, the stock was trading at an immensely attractive valuation and almost at the bottom. I cant time the bottom but at that price, it works out perfectly with enough upside and sufficient margin of safety.

Can be lower than previous offer

KUALA LUMPUR: The privatisation of Yee Lee Corp Bhd did not materialise as the joint offerors, one of whom is the founder, were unable to garner enough acceptance for the voluntary takeover offer at RM2.29 per share (excluding four sen dividend).


The Lim family controlled 116.6 million or 60.86% of Yee Lee shares when the takeover offer was made in late-April.

Under the circumstances, Yee Lee remains listed for now, until Lim and Dymon Asia decide on the next step.

An option the joint offerors may consider is to continue mopping up more shares on the open market to raise their shareholding to 90% and seek the stock exchange’s approval to suspend the trading of the shares.

Once trading is suspended, the chances of minority shareholders taking up the offer will be higher as most investors are not keen to hold non-traded shares.

In fact, the joint offerors are short of only 287,406 Yee Lee shares to suspend the stock.

Still, those shares in hand will only enable the duo to suspend the trading of the shares but not undertake a compulsory acquisition to buy the remaining shares they do not own.

“They (the offerors) may consider an exit offer later at [a] different price, which could be lower, higher or even the same price,” said a corporate finance adviser, noting a fresh offer will not be backdated to the earlier offer.

Still can delist. Just that need to wait for one year

Tenaga hope down to 12.00

2.80 OR 3.40

2.25

if the owner continue buying than the offer price will remain at 2.33

If yee lee want to offer higher price there will offer long time ago. i doubt the Yee Lee will do it. Now market is so bad. so there will still offer the same price or lower down the road. maybe after 2 years.

just like what happen to cocoaland

will go down

Fundamental the company is strong. No doubt about it. But with the new plant running the utilisation of the plant require at least another few quarter to be running at max capacity. So the share price will come down. The best to enter is below rm1.70.

Why fgv could not perform is because of lazy Malay. Cost is going up even the director fees so high. Cut by 2 third. Fgv is and old oil palm company which have so much replanting. There shall plant it much earlier. For the next two years CPO price will be below rm2,300.00 for long long time.

Rm8.45

syariah compliance

TP 2.10

Hino Motors has been in Malaysia for 40 years and is Japan’s oldest motor vehicle manufacturer, with its trucks and buses marketed in over 70 countries worldwide.

So how is Hino maneuvering the rapid changes in the transportation sector?

We speak to Hino Malaysia's newly minted Managing Director Atsushi Uchiyama, on the companies longstanding presence in Malaysia as well as its future plans for growth.

12.88

so many day up already. need to come down

Nothing for tnb fine only

Dow jones up

Bonus issue