The above article didnt say bank negara reject the deals. It jus question why it take 8 or 11 months still bank negara not yet approve it. We jus wait n see ..

above link take long times to load

http://focusmalaysia.my/Mainstream/Worries%20over%20stalled%20deals

Write a comment.. It’s been almost a year since Sumatec Resources Bhd and PDZ Holdings Bhd announced separate acquisitions of assets abroad worth a total of RM1.6 bil. However, despite shareholders’ approval, the deals have yet to be completed. It is believed they could be stuck due to pending fundraising approvals from Bank Negara Malaysia. The delay has raised questions on whether similar deals by listed companies may also be stalled. <br /><br />Market observers point out this is a worrying situation for local companies that wish to expand through overseas investment or asset acquisition as the central bank may impose stringent conditions when approving investment outflows. <br /><br />The two deals by Sumatec and PDZ to raise funds via a rights issue of up to RM1.6 bil are awaiting Bank Negara’s approval. Is it unusual for such deals to be delayed by 8-11 months? <br />An analyst says with such large deals, it is not surprising the central bank wants to ensure minorities are protected. It usually vets large deals thoroughly.<br /><br />Some speculate authorities generally prefer listed companies to invest locally rather than abroad. But despite this, several large government-linked companies (GLCs) have announced megadeals abroad this year

"Foreign deals by Sumatec Resources and PDZ Holdings still stuck, possibly pending fundraising approvals from Bank Negara

komnas did mention this morning . but seems like no one care to discuss about it ....hahaha

komnas Deals in Limbo due to regulatory restrictions for sumatec and pdz - Focus Malaysia
selamat hari raya and happy holiday to everyone

The Focus issue is out today . Anyone bought ?

No more asking money from share holder. Share price can goreng ? 30 ? 40 cents ?

The focus issue is released on today 16th july

Deal in limbo...due to regulation restriction

See the focus next edition cover page at here http://www.focusmalaysia.my/ViewIssues.aspx

So can push up 0.5 ? Since no right issue

If right issue is delayed . Bad news or good news ?

can go 1 RM ? sure boh ?

Can or not 0.5 ... ate Wai Gor also can't ....premature ejaculation..

waiting for Tan Sri punya buka puasa open house dinner leh....

there is a trend..you must know when the boss is collecting share . or he is selling the share..

low oil price is an excuse for pushing down the share price . quarter profit still at 20 m plus . suma PE 12.11 . KNM at 0.585 PE 26.....so question... if company still make good profit when oil price is 55 usd . so the selling does this make sense ? may be someone pushing down to collect.

Btw can someone call the CEO ?. Jus to double confirm that he already submitted the docs to bank negara.....hahaha

Ayo sound like suma CEO eat shit one lor...only submit the docs last week ?. Aya....he might be forgot to submit early when got sc and share holder approvals that time...BTW on April 8th..suma already got these approvals right... Aya wonder when they submitted the docs...

Are u sure ? Such an important body. No operation already ah...they all sleeping inside the building ? Ayo...why still keep intervent the exchange rate ? So now can wash money between banks ? Since bank negara no function already....good news to those want to wash money now lor ?????

Oh no...can it be he used the docs when go toilet... when running out of toilet paper ? Hahaha

A lot of figurE's need to be calculated ? And they dun use calculator ? Calculate manualy that's why need such a lot times ?. Or the official in charge got bad memory? He dunno where he had put the docs ? Can ask him check the toilet ? May be he can find the docs there...

Why bank negara need such a long time to approve ri ? Many ri documents need to be submitted ?
10000 pages ? Bank negara read 1 page per day ? Not yet finished reading right ?

Any idea how fast a RI can be executed ?

left 12 market days . can the deal to be done by July ? or No deal ?

Greece deal done

http://mobile.nytimes.com/2015/07/14/world/europe/greece-debt-plan.html?_r=0&referrer=

0.185 oh...last time ri 0.17 mother also got 0.25 right ? this time die.....sell ?

i wonder how soon RI can be executed . today announcement ? tomorrow ex date ? OR need to list at least 4 days right ? .

or chicken wing bone ?

is KFC or big dinner ?

the train still don't wanna move...

8 RM

You call halim see if he can help or not. Ask him out from the toilet please

Hk drop 2k pts. Asia market die

Bro if Suma announced ri confirm at 0.2 today. Price for sure will jump back above 0.2. The concern here is no ri or ri price changed

Today is red sea here very soon

See HK n Shanghai

The agreement is by end of july must complete the acquisition

At 0.185. Below ri price . I dun think it will on already.

There are 13 trading days left in July. R I still on ?

Halo


















































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Do u see the issue here

Halo dear admin can you ban those who do empty comments posting ?

Does that imply that there might be some foreign funds involve in this Right Issue ?

Do you think bank negara need 3 months to approve sumatec right issue. ?

0.15 very soon

Last year jun July said want to acquire assets n talk about right issue till now 2015. July. Haha.