can someone explain is it a bad news?
Description DAGANG NeXCHANGE BERHAD ("DNeX OR THE "COMPANY")

I. PROPOSED ACQUISITION;
II. PROPOSED DIVERSIFICATION; AND
III. PROPOSED PRIVATE PLACEMENT
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Proposals.

We refer to the earlier announcement dated 31 March 2021 in relation to the Proposed Acquisition.

On behalf of the Board, UOBKH wishes to announce that all conditions precedent pursuant to the SSPA have been fulfilled, and that the payment for the Purchase Consideration have been effected and settled in full, to-date.

Pursuant thereto, the Proposed Acquisition is deemed completed on 26 July 2021.



This announcement is dated 26 July 2021.

what happend?

something is not right with this counter

DOnt understand how this can be good news???? some one enlighten me pls

yeah...oil price drop....tomorrow sure up already!!

shit performance

oil price goes wild!!!

It drop along with index which is logic

Actually is good. Big volume on 28 and 29 as well, EPF very likely dont have much left thus the selling pressure is almost finished.

barely can make it to 0.725. haiz

This counter very pathetic

haha cannot sustain gain one.

Crude oil raise 2%

the biggest issue with this hibiscus is no BB. No Big investor come in to keep its share one. up more than 0.05 to 0.1 all throw already.

Cleared T3. Hope up monday

This Iris dont need to issue QR one???

Ambank TP from 0.85 revised to 0.98
Public bank TP from 0.76 revised to 1.05

Ambank TP revised to 0.98

No right issue. the asset is acquired 25% discounted from market price now

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E8%B4%AD%E6%96%B0%E8%B5%84%E4%BA%A7%E6%89%A9%E5%85%85%E6%B2%B9%E6%B0%94%E4%BA%A7%E9%87%8F-%E5%A4%A7%E7%BA%A2%E8%8A%B1ebitda%E6%96%99%E5%A2%9E559%E4%BA%BF

really impressive acquisition. They are lucky that repsol is existing due to their focus on green energy or else will not be getting this price. Exxon is asking for USD1-2bil for their asset.

Totally agreed. With the current oil price at 2 years high...i can't see how this could be bad news.

Hibiscus beat rival bidder Medco Energi of Indonesia for the assets. However, Repsol did not disclose the agreed sales price. But energy consultancy Rystad told Energy Voice that the sales value of the assets is estimated between $250 million and $300 million.

Hibiscus only bought USD212.5Mil. straight away making 15% on asset appreciation. Putih putih RM100mil negative goodwill. Haha. Because they close the deal months back where the oil price still USD50

really don't understand how it can be bad? if you read their QR, their cost only USD10 per barrel. The production cost for these fields maybe higher but with USD70 brent oil now, they can make hell out of money!!!

again WoW USD212.5mil only

Wow USD212.5m only

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3163708

Honestly Oil at USD70 it is hard to say it is not a good deal. Game changer for Hibiscus.

Bursa only say effective 9am today. Didn't say when resume trading.

the graph doesnt looks good...mid day testing today low...

looks like until after lunch already

this counter don;t need to announce QR??

no logic for it to fly...malaysia case still sky high...oil price at 2 years high...simply not logic for it to shoot up

can't even see the announcement

announcement for acquisition of Repsol asset in malaysia i believe

suspend already

20k/day x 30 days x 3 months x 70 USD for 1 quarter? that is a lot of sales

https://www.google.com/amp/s/www.marketwatch.com/amp/story/repsol-to-sell-some-asian-assets-to-hibiscus-petroleum-subsidiary-271622564386

Yes. eventually.....hold for 2 months already...hope tomorrow early morning they do official announcement.

this counter is way undervalued. when oil price @ USD70 back in 2019, the share price is RM1.1. furthermore they have confirmed taken over all repsol asset in Peninsular, waiting announcement in June but sadly the price still not moving...haiz...

closing 0.65-0.66

believe all investment bank will revise TP today

too huge road block

looking at Myeg, Dsonic, Ancom, Dnex....only this Iris uptrend looks sustainable.

Looks like loosing engine

whoever win Myeg will be benefit from S5 deal right?

Wong wanna buy or sell share

EPF buying back

selling pressure never stop

they are exchanging share at this price