Atiya
where r u
need your infos, how reliable
hv you buy in
120 times profit from now
9 cts to Rm 1.10 as disclosed by you

Atiya

Are you sure the correct infos
What is 1.3 -1.35???
You mean will go up till RM1.10 to RM1.35
Further what is APAC

Not on the mattet of cheap
what is the return like
is the most important issue

RT
How soon is it
What stimulation Infos that can shares

RM1.15B OFFER: Proposed acquisitions will enable group to expand AFM business

FABER Group Bhd (FGB) yesterday entered into a conditional share sale agreement with its single largest shareholder, UEM Group Bhd (UEMG), in relation to its proposed acquisition of Projek Penyelenggaraan Lebuhraya Bhd (Propel) and Opus Group BHD (OGB) from the latter for RM1.15 billion.

In a Bursa Malaysia filing yesterday, FGB said the proposed acquisition of 100 per cent equity in Propel for RM500 million will be satisfied by a combination of cash payment of RM250 million and the issuance of 125,000,000 new FGB shares at an issue price of RM2 per FGB share.

FGB intends to fund the cash consideration through internally generated funds and/or bank borrowings.

The breakdown of the source of funding will only be determined later, and, will depend on, among others, FGB’s cash reserves and future funding requirements.

The proposed acquisition of Propel is not expected to give rise to any additional financial commitment by FGB to put the operations of Propel on stream.

Meanwhile, the proposed acquisition of 100 per cent in OGB for RM651 million will be satisfied via the issuance of 325,500,000 new FGB Shares at the issue price of RM2 per FGB share.

The proposed acquisition of OGB is also not likely to give rise to any additional financial commitment by FGB to put the operations of the OGB Group on stream, FGB said.

As at April 18 2014, UEMG holds 124,467,925 FGB shares, representing 34.29 per cent equity interest in the latter.

Upon completion of the proposed acquisition of Propel, the direct shareholdings of UEMG in FGB will rise to 51.12 per cent, which will be an increase of more than two per cent within a six-month period.

Upon completion of the proposed acquisition of OGB, UEMG will further raise its direct equity interest in FGB at that point in time from 51.12 per cent to about 70.68 per cent.

Therefore, upon the share sale agreement becoming unconditional, UEMG and persons acting in concert with it, if any, will be obliged to undertake a mandatory general offer to acquire the remaining FGB shares not already held by them.

As it is not the intention of UEMG to carry out a mandatory offer on FGB shares, approvals for the proposed exemption will be sought from the Securities Commission.

FGB said the proposed acquisitions will enable it to expand its asset and facility management (AFM) business, which is now concentrated in the healthcare sector.

Upon completion, FGB will be transformed into an enlarged AFM company with expertise and presence in the healthcare, infrastructure and commercial sectors.


Read more: Faber enters deal with UEM to buy Propel, OGB - Nation - New Straits Times http://www.nst.com.my/business/nation/faber-enters-deal-with-uem-to-buy-propel-ogb-1.572419#ixzz2zIiCiXwu

if break 19 cts, warrant will be at least 10-12 cts
Huat lah

Write a Asia Bioenergy Technologies Bhd (AsiaBio) registered a subscription rate of 108.06 per cent of its rights issue with warrants of 420.2 million shares with 420.2 million warrants at an issue price of RM0.10 per rights share.

 The total proceeds raised from the rights issue is RM42.02 million, of which RM41.02 million will be utilised for the company’s technology incubating activity, which is also the core business for AsiaBio,  the company said in a statement yesterday.

Commenting on the response for its rights issue, executive director of AsiaBio, Looi Kem Loong said: “We are thrilled with the encouraging response and this shows that our shareholders are confident with the business prospects and sustainable business model of AsiaBio”.



Read more: AsiaBio gets solid rights issue response - Bizbrief - New Straits Times http://www.nst.com.my/business/bizbrief/asiabio-gets-solid-rights-issue-response-1.572415#ixzz2zHm7C3kz

..

Wah

Right Issue oversubscribed by 8.06%

any news on Rapid projects

When the price up, so many news
However, when x time at 0.07 to 0.075 cts, no news at all

Future is bright
But rights is coming out listing end of april

Alex
any good news to share as u mentioned

Rewarding Investors

Right close on mon
Let see the show from now onwards

Wah good news
after restructuring now healthy company
with good connection
sure huat lah

So far no announcement by knm
how to drop
shd up instead

Any latest news

Any fundamental to support at 35 cts

what announcement, when will out

Must break 785 resistant

Mr Koon
Of 6 counters you hv mentioned
which is the best counter to invest
just concentrate in one will do

Noted on your points
But now I am looking at it from a new born baby
which is cheap now

Noraini
thk for your info
can start collecting now

Noraini
what is the new support now

Uncle koon
any good advise on Sumatec
Need yr expertise

31mar Monday on OR

Mon 31 March Listing of OR
Form now till Friday
Watch for the show whether any actions
Have the feeling that action is on

Let hope it will goreng after X

Risk trader
what is the good news
dont mind to share
tue showhand

Tue show hand

Otn
pls share out

http://www.thestar.com.my/Business/Business-News/2014/03/20/Fitters-Diversified-invests-RM80m-to-build-pipe-manufacturing-plant

Agreed with u at least 13 cts target

X on 26 March
Last day to buy or keep or sell on 25 March
U deceide

As for this counter
you pick up the right issue at 0.10 cts
then you are entitle to 1 free warrant

See how the market reaction tomorrow
we have till 28 march to decide
with free warrant worth to speculate

Hope they will push up before X
inorder to hv a better price for OR
Some only push up after X.

Anybody can share any news
how about resistant n support
dont mind to share out

Uncle Koon
How about Sumatec which is a new baby now
can collect for future
need yr advise please

How is the egm today

Dont cry over the split milk
move forward n dont look back
more counters waiting for you to made monies

Risk Trader
wah so confident to go in at 13.5 n sell at 20 cts
50 per cent profit in 4 days time.
EGM on 28 feb. Buyers is more than sellers
but still drop
any infos to share

Paulyoung
how long to keep
after right issues

Next week result will out

Hard to predict
4 cts already long queue

Tessa
already published on Friday in Star business

Noraini
any tp by your graph

Last yr give treasury share 1 for every 30

Pending approval at EGM first by shareholders
Then only make announcement
Most probably from a week to a month
once announce you can make yr decision
to sell or go through the rights

With Right Issue at 10 cts and Free Warrant 1:1Ratio
Good Buy
EGM on 28 Feb.
Sure will fly