The time has come...

what will happen to existing WB bought?

Yes... engine just staring now...

Today T4,..... Will go up soon. Its the trend previously. Holding well even with weak outlook. Organic support...

Vivocom WB cheap.... also raising in tandem...

Massive buying at 0.305.... can only go up

yuyaya95: old news...???

Why go up so fast...?? Trying to set Tp higher?

Dsonic CE 100% change today...

Warrant got expire...Mother no

Ranjit and Big mama doing their job... paid bloggers

Expire next week

Can... But risky

Dsonic CE also moving..... Good sign

Any news why sudden movements?

Before LOA confirmed, price will be reduced. When the news out price will spike. Big fish manipulating the ikan bills... Big fish get big gain, ikan bills get small gain.

EPF flexing muscle....

More news.....
http://www.offshoreenergytoday.com/tanjung-offshore-bags-epic-contract-from-petronas/

http://www.laturbine.com/news/la-turbine-signs-new-partners-tanjung-and-idps/

More news

Could someone please give example of right issue and warrants for a novice. Thanks

Tan Kean Soon acquires more shares in Tanjung Offshore
Business & Markets 2014
Written by Ahmad Naqib Idris Adzman Shah of theedgemalaysia.com
Wednesday, 08 October 2014 17:47

KUALA LUMPUR (Oct 8): Tan Sri Tan Kean Soon has acquired an additional 800,000 shares or 0.2% equity stake in Tanjung Offshore Bhd, via indirect interests.

According to a filing with Bursa Malaysia, Tan’s son acquired 200,000 shares at 56.45 sen per share on Oct 3, 2014; another 200,000 shares at 55 sen per share on Oct 7, 2014; and the balance 400,000 shares at 53 sen per share on Oct 8, 2014.

After the acquisition, Tan, who is also a director in Tanjung Offshore, has deemed interest of 3.8 million shares or a 1.01% stake in the oil and gas services provider, and 17.9 million shares or 4.78% direct interest in the company.

Last Friday, Tanjung Offshore announced it had obtained an 8-month extension on the two heads of agreements (HoA) entered into on June 5, in relation to its proposed reverse takeover of Bourbon Group’s businesses.

The conclusion of the deal has been extended to June 5, 2015, from Oct 5, 2014.

Tanjung Offshore closed one sen lower at 50 sen, bringing its market capitalisation to RM184.08 million.

Many promoters maybe good oso. Means that lots of marketing budget!!!

No worry. Stabilising now at .84 May drop abit later. Today holiday mood. Will do better after holiday

Asiafile. Good photoshop job!!!

Nothing available regarding Megalink Industires SB. Why?

It has started......

Massive buying at .33

Tanjung Offshore Bhd expected to report Q2 2014 results on August 25, 2014. This event was calculated by Capital IQ

PROPOSED ACQUISITION BY PDZ OF 20% EQUITY INTEREST IN EFOGEN SDN BHD COMPRISING 4,000,000 ORDINARY SHARES OF RM1.00 EACH FROM JOHANY BIN JAAFAR, FOR A CASH CONSIDERATION OF RM18,000,000 (“PROPOSED ACQUISITION”)

What does this mean?

what is giving it up?

How is it possible for a penny stock to have such high volume?

UMA!!!

What is happening?

Blood bath!!

Selling more than buying. Price will drop

volume increasing now

massive buying at 0.405.... Sharks?

amazing buying at 0.4.5!!!

dividen in

What do we expect to happen tomorrow?

Bio Osmo Eyes Nod For Proposed Acquisition Of Bayan Enterprise

By S. Joan Santani

KUALA LUMPUR, July 1 (Bernama) -- Bio Osmo Bhd, a local drinking water producer and manufacturer, expects to obtain approval from Bursa Malaysia for its proposed acquisition of Bayan Enterprice Sdn Bhd in August.

The company plans to acquire a 49 per cent stake in offshore integrated services provider Bayan Enterprise Sdn Bhd for RM17.15 million.

Sumatec sees 35m shares traded off-market


KUALA LUMPUR: Sumatec Resources Bhd's 35 million shares were traded in an off-market transaction at an average price of 34 sen each.



Stock market data showed the shares, which represented a 1.12% stake, was transacted in one block at 4.32pm. The Practice Note 17 company’s paid-up is 3.116 billion shares.



Its shares rose 1.5 sen to 31.5 sen in regular trade where it was among the most active stocks with 63.62 million shares done.



The FBM KLCI was down 8.3 points to 1,881.67. Turnover was 1.5 billion shares valued at RM1.51bil. There were 324 gainers, 435 losers and 322 counters unchanged.



Interest in the oil and gas related company was after its announcement on June 24 that a fresh review of its oil and gas field in Rakushechnoye, Kazakhstan has yielded a 14.5% increase in proven oil reserves to 129 million barrels.



Sumatec CEO Christopher Layton Dalton was quoted saying the increase in reserves is the first significant achievement for Sumatec with this asset.



"An additional 10 million barrels of oil is now available under 2P reserves to Sumatec (worth US$175mil in net profit from oil sale) without paying any more than the initial US$95mil,” he said.

Published: Saturday June 21, 2014 MYT 12:00:00 AM
Updated: Saturday June 21, 2014 MYT 7:34:16 AM
A tale of two waivers

WAIVERS should only be granted in exceptional and extenuating circumstances. One wonders what is the basis for Tanjung Offshore Bhd asking for two significant waivers: one from Ekuiti Nasional Bhd (Ekuinas) against a non-competing clause and another from the Securities Commission (SC) to waive the requirement for Tanjung Offshore’s new shareholders from having to make a mandatory general offer (MGO) despite buying up more than 33% of the company.

To recap, Tanjung Offshore has reportedly already asked Ekuinas to waive the clause (that was inked back in 2012 when the fund bought the offshore support vessels business from Tanjung Offshore) that prohibits Tanjung Offshore from getting into a similar business until mid-2015.

Tanjung Offshore is in the midst of a reverse takeover (RTO) exercise that will see it buying marine vessels from several parties who would end up with more than 33% of the company. Tanjung Offshore is seeking a waiver from the MGO rule. A group of minority shareholders, on the other hand, are opposing this.

It is difficult to fathom why Ekuinas should grant Tanjung Offshore a waiver. Ekuinas had done right by including the non-competitive clause after paying a whopping RM220mil for Tanjung Offshore’s OSV assets.

Ekuinas’ planned floatation of Icon Offshore Bhd (which is essentially the asset it had acquired from Tanjung Offshore) already has some challenges in the form of seemingly toppish valuations and one report questioning the certification of some of Icon Offshore’s vessels. The last thing it would need is having another competitor creep into the same sector.

As far as the MGO waiver is concerned, it should be opposed as minority shareholders should be protected in this deal by offering them a chance to exit the business at the same price the new shareholders are buying into the company.

Harzani resigns as Tanjung Offshore MD
Posted on 20 June 2014 - 05:36am
sunbiz@thesundaily.com

PETALING JAYA: Datuk Harzani Azmi has resigned as managing director of engineering and oil and gas services provider Tanjung Offshore Bhd, which is the target of a proposed reverse takeover (RTO).

Harzani, 47, who has over 25 years of experience in the oil and gas industry both domestically and internationally, was appointed to Tanjung Offshore's board of directors on April 23, 2012.

In a filing to Bursa Malaysia, the company said the original role of Harzani was to oversee the restructuring of Tanjung group of companies. It said the restructuring of the group has since been completed and the company is now in a stronger financial position.

"The succession plan is taking shape in the last 12 months and, moving forward, Harzani is to resume the role of group adviser to ensure all corporate exercises are executed," it said.

No successor was named in the announcement.

Trading ideas: SKPetro, Iris, Sarawak Cable, Ideal Jacobs, Sime

KUALA LUMPUR: JF Apex Research expects SapuraKencana Petroleum, Iris Corp, Sarawak Cable, Ideal Jacobs and Sime Darby to see trading interest on Tuesday on the back of fresh corporate developments.

The research house said SapuraKencana Petroleum bagged RM2.3bil worth of drilling contracts.

As for Iris Corp, it had secured a RM33.5mil contract from the Bangladeshi Government for the collection of data relating to machine readable passports.
Star today

Published: Thursday May 29, 2014 MYT 4:47:00 PM
Updated: Thursday May 29, 2014 MYT 4:49:08 PM
Russia forges huge economic bloc with Kazakhstan and Belarus