Definitive agreement to acquire Eramas Global Group

Likely before end of this month

get ready for definitive agreement ..........

https://seoagencychina.com/coconuts-in-china-huge-demand-from-distributors/#:~:text=Market%20Share%3A%20In%20China%2C%20blended,87%20million%20yuan%2C%2017.07%25.

The definitive agreement is very likely to be signed next month and submitted to the SC before June.

Between 0.585 to 0.675

https://klse.i3investor.com/web/blog/detail/righton/2024-03-24-story-h-185587948-WHAT_AN_EARLY_BIRD_SHOULD_KNOW_ABOUT_SCGM

Thai coconut public company was listed in Sept 2023 at 5.50 baht and the share price has already doubled.

I expect the definite agreement to be signed soon as the proposal has to be submitted to the SC before end of June. Otherwise, the proposal needs to be recomputed base on quarterly report ended 30 June 2024.

SC stipulates that the applicant needs to have an uninterrupted profit of three to five full financial years, with an aggregate after-tax profit of at least RM20 million as well as an after-tax profit of at least RM6 million in the most recent financial year.

The size of the worldwide Coconut market achieved USD 18510.92 Million in the year 2022. Anticipated expansion at a Compound Annual Growth Rate (CAGR) of 13.56%. The global Coconut market is projected to attain the valuation of USD 39703.85 Million throughout the forecast period.

Thai Coconut Public Company Limited (SET: COCOCO) has announced its 2023 consolidated financial statement through the Stock Exchange of Thailand.
COCOCO reported a net profit of Baht 539.68 million, an increase by Baht 233.01 million or an increase by 75.98 % compared to the previous year, because of the company’s increased sales revenue from expanding the international market, especially from increased sales of coconut water products in China.

Read More: https://www.kaohooninternational.com/markets/536899

Coconut business is booming globally

you should know that the latest qtr results of Thai coconut public company increased by 75%

Fixing the new share issuance at 0.615 tantamount to setting IPO price at 0.615. Would you subscribe to IPO of a fast growing coconut company ?

All i know is the business growth is very good.

https://klse.i3investor.com/web/blog/detail/righton/2024-03-21-story-h-185647492-WHY_HEADS_OF_AGREEMENT_HOA_FOR_SCGM

https://klse.i3investor.com/web/blog/detail/righton/2024-02-23-story-h-188239466-WHY_DO_I_THINK_RTO_OF_SCGM_IS_A_CERTAINTY

https://www.irplus.in.th/Listed/COCOCO/en/news-set-announcement/2024/2/7169917

Thai Coconut public company earnings for Yr 2023 improves 43% over Yr 2022

http://www.news.cn/food/20230829/744754af3f974bdd8ff0e69aca01b299/c.html

China coconut market is expanding rapidly.

Yes, successful injection of coconut business into SCGM will be a windfall for the existing shareholders. Given the information I have, it is already at the stage of seeking SC approval. The new controlling shareholders will ensure the successful listing of their coconut business. Delisting of SCGM will results in losses to them.

Better switch to SCGM

https://klse.i3investor.com/web/blog/detail/righton/2024-02-18-story-h-188366229-MY_OPINION_OF_SCGM

https://klse.i3investor.com/web/blog/detail/righton/2024-02-18-story-h-188366229-MY_OPINION_OF_SCGM

Alibone, you are right. Chin Kok Tian and Yan Hua Lan are husband and wife, and Tan Ah Tek is their long time partner. As shown in CTOS report, they are major shareholders of Eramas group.

https://jinan.dzwww.com/xinwenzhutu/shenghuo/202308/t20230821_12583409.htm

https://www.youtube.com/watch?v=OFg7jW7kKLY

https://www.youtube.com/watch?v=OFg7jW7kKLY. Golden bull award

Bear in mind that SCGM is currently a PN16 Cash company. If SCGM failed to regularize its business within the given time, it will be delisted and all money in the designated bank account will be distributed to the shareholders. Any proposal needs to be approved by shareholders in an EGM and designated persons are not allowed to vote. Therefore, existing shareholders can reject the proposal if it deemed unattractive.

It will be a reverse take over. So it is a whole new company going forward. Much like a new IPO except no new share offering. I think its valuation can mirror that of Vita coco and Thai coconut Public company.

Brutus, the F&B owners will be the new bosses of SCGM. So, no worries about managing the new businesses.

Alternatively, you may use the price big boss acquired from old bosses, 0.65

In the event that nothing materialised, SCGM will distribute NTA 0.62 back to its shareholders. So, that is the safety line.

Below NTA 0.62

You don't see opportunity like SCGM everyday !

Huge demand for coconut in China

https://seoagencychina.com/coconuts-in-china-huge-demand-from-distributors/

Huge demand for coconut in China

https://seoagencychina.com/coconuts-in-china-huge-demand-from-distributors/

They are waiting for approval from the securities commission.
xiaoeh

Just to follow up
any development for SCGM?

19 minutes ago

Coconut demand in China https://seoagencychina.com/coconuts-in-china-huge-demand-from-distributors/

Brutus, You are welcome. What do you think ?

You may like to switch to SCGM

https://klse.i3investor.com/web/blog/detail/righton/2024-02-14-story-h-212401861-DO_YOU_LIKE_THE_TASTE_OF_COCONUT

https://klse.i3investor.com/web/blog/detail/righton/2024-02-14-story-h-212401861-DO_YOU_LIKE_THE_TASTE_OF_COCONUT

repost : Stock: [JAKS]: JAKS RESOURCES BERHAD

1 week ago | Report Abuse

For those who have sent requests to joint DK's Jaks group chat, I am sorry to inform that DK will not accept new group members for the time being. DK has disposed all his position in Jaks due to its anticipated cash flow problems in the foreseeable future which is likely to result in more equity fund raising exercises in the future. So, stay out of Jaks for now unless you are prepared to hold until JHDP fully repaid its loan (in 7 years).

mike168 was one of the member who joined the new group but was later removed by Aseng because he made negative comments and refused to apologize.

cheng21, you are wrong. I followed DK advice to sell at 0.80. I reentered at much lower price around 0.30 and cut loss at 0.185 and lose back around 20% of my total winning. I only quarreled with a few member who did not agree with my call to sell now and buy back later. I put up my rationale for my call which is supported by credible arguments even though a few did not agree with my view. I was unduly removed by Aseng. However, after I emailed DK for justification, DK put me back into the group after his investigation found no wrong doing on my part. But Aseng felt offended and started to condemn DK and eventually led to his removal. A handful members followed Aseng to form a new group but did not quit DK group because they knew DK is the knowledgeable one.
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just88, curious to know how DK help you ? I was one of the 1400 members in the group . you are also one of the members who did not follow DK to sell at 80 sen , you sold at 18 sen and made a huge loss and started to promote your own theory to sell and buy back later , around 0.18 then , because there was a speculation then of a right issue but proven wrong later . you promoted so hard until you quarrel with anyone who did not agree , then you were removed by aseng . am I right ?

Aseng decided not to follow DK's call because he did not think DK had a solid reason in his call. That is fine but now you are blaming him not to have a solid reason ? OMG!!! I m defending DK because he has helped me a lot. There is more than 1400 members in DK's group. Why none others are blaming DK ?

DK did not mentioned a single word about his wife in his letter to the group. He only told us about his retirement planning with his wife. Now Aseng is using his wife to bad mouth DK. What a low person !

Aseng is lying. Everybody knows DK never bad mouth Jaks after he sold. DK came back after more than 2 years because he found new reasons to renew his call for caution on Jaks. Just because Aseng did not like DK's sell call because he is not prepared to cut loss, he now bad mouth DK. I still remember how Aseng bad mouth OTB because he said OTB caused his daughter RM500k losses. Can you trust the words of a twisted person ?

DK made a sell call in his private group in early 2021 while Jaks was trading at 0.80 but few did not care. In his letter to his group, he explained in detail the rationale behind his call. I still have his letter saved in my computer. His cited several concerns including volatile price history, dilution from warrants, lack of Wow factor going forward, more fund raising for the 10% option, more free share grants, bigger than expected losses from property, performance of JHDP may not be as good as Vinh Tan 1, ESG concerns, etc. More than half a year ago, DK made another sell call based on anticipated liquidity problems in the foreseeable future due to big future loan repayments, lower than expected dividend from JHDP, unexpected shorter loan tenure as well as higher interest rates and continued high losses from construction and property divisions. This will results in more equity fund raising exercises and hence more share dilutions. Again the few who formed a new group do not agree but will they blame DK again for their inaction ?

Group members cannot get rational opinions in a biased chat group where opposing views are not encouraged.