7th days b4 we all know whether contract renewed n 7th days b4 short selling allow to resume

Btw when is the qr o????Supposed this mthend or 7th July??

A good superb qr wil help gap up the price...

Price agreed at RM1.80 mayb long b4 anyone knows it went up to RM4.50 then resting now at RM2.8x...both buyers n sellers didnt seal deal 1 or 2 days ago so nobody knows Rubberex fly up till current price...Both parties might signed black & white agreed at rm1.80. So now buyers happy lo sellers press b...ls

QR coming out soon if qr is good price stil stay the same or dropped then we hv to decide lo to hang around to see how things play out or find exit door

Roll of dice...

Im holding on...wait and see...
pray for the best....expecting the worse too...

The Making of 'Connect The Movie'...B4 even the shooting of the film....part of the script was somehow leaked... shown to everyone inclding the press...Now everyone more or less knows about the story...it just that many dont know the Ending...Guess we all need to wait to see whether is a Happy Ending for all of us or otherwise.
23/06/2020 10:48 AM

Hextar limit up Rubberex might limit down...mayb ??

If limit down...injustice to minorities share holders

KUALA LUMPUR: Datuk Ong Choo Meng, who first emerged as a substantial shareholder in Rubberex Corp (M) Bhd in late February, is making a mandatory offer to take over the glovemaker at a steep discount to market price.

According to a filing with Bursa Malaysia today, Ong and his company Hextar Rubber Sdn Bhd is offering RM1.80 a share to buyout minority shareholders in Rubberex.


Shares in Rubberex were last traded at RM2.92 on Monday.

The unconditional mandatory takeover offer was triggered after Ong's stake in Rubberex was raised from 29.55% to 50.18%.

This was after he acquired on Monday an additional 57.248 million shares (20.63% of Rubberex) at RM1.80 each from Seng Sheng Enterprise Sdn Bhd (SSESB), Datuk Chiau Beng Teik and Peh Lian Hua via direct deals.

SSESB and Chiau, who is the executive chairman of Chin Hin Group Bhd, surfaced as substantial shareholders in Rubberex last month.

Rubberex, on May 4, had proposed to raise RM31mil via a private placement exercise of up to 22.52 million shares, at an offer price of RM1.23 sen a share.

Seal Deal...?

KUALA LUMPUR, June 22 — Hextar Rubber Sdn Bhd and Hextar Global Bhd executive director Datuk Ong Choo Meng have collectively acquired a 20.63 per cent stake or 57.25 million shares in Rubberex Corporation (M) Bhd (Rubberex), at RM1.80 per share.

The parties had sealed the proposed deal with Seng Sheng Enterprise Sdn Bhd, Datuk Seri Chiau Beng Teik and Peh Lian Hwa.


Following the acquisition, the joint offerors’ collective equity interest in the company has increased to 139.22 million or approximately 50.18 per cent, from 81.97 million shares or 29.55 per cent previously, said Rubberex in a filing with Bursa Malaysia today.

It said the joint offerors are obliged to extend a mandatory takeover offer to acquire all the remaining 138.21 million Rubberex shares which are not already owned by them for a cash offer price of RM1.80 per share.


“In order to ensure the continued listing of Rubberex on the Main Market of Bursa Securities, Rubberex must satisfy the public shareholding spread requirement that at least 25 per cent of its total listed shares are in the hands of public shareholders.

“Bursa Securities may accept a percentage lower than 25 per cent of the total number of listed shares (excluding treasury shares) if it is satisfied that such lower percentage is sufficient for a liquid market of such shares,” it added. — Bernama

KUALA LUMPUR, June 22 — Hextar Rubber Sdn Bhd and Hextar Global Bhd executive director Datuk Ong Choo Meng have collectively acquired a 20.63 per cent stake or 57.25 million shares in Rubberex Corporation (M) Bhd (Rubberex), at RM1.80 per share.

The parties had sealed the proposed deal with Seng Sheng Enterprise Sdn Bhd, Datuk Seri Chiau Beng Teik and Peh Lian Hwa.


Following the acquisition, the joint offerors’ collective equity interest in the company has increased to 139.22 million or approximately 50.18 per cent, from 81.97 million shares or 29.55 per cent previously, said Rubberex in a filing with Bursa Malaysia today.

It said the joint offerors are obliged to extend a mandatory takeover offer to acquire all the remaining 138.21 million Rubberex shares which are not already owned by them for a cash offer price of RM1.80 per share.


“In order to ensure the continued listing of Rubberex on the Main Market of Bursa Securities, Rubberex must satisfy the public shareholding spread requirement that at least 25 per cent of its total listed shares are in the hands of public shareholders.

“Bursa Securities may accept a percentage lower than 25 per cent of the total number of listed shares (excluding treasury shares) if it is satisfied that such lower percentage is sufficient for a liquid market of such shares,” it added. — Bernama

Rubberex TTO/Merger Wt Hextar

i bought 4.5 last fri sold 6.5 dis am went bk in again seeing trend is super bullish

KUALA LUMPUR (June 22): MQ Technology Bhd (MQ Tech) hogged the limelight this morning, becoming the new proxy for the rubber glove stock rally.

The trading volume of the penny stock swelled to 180.32 million, equivalent to 25% of its share capital of 706 million. It was the most actively traded counter. The trading volume was significantly higher than its 200-day average daily trading volume of 3.74 million shares.

As at 11am, its share price was traded at six sen, up one sen after it hit seven sen. Its market capitalisation stood at RM42.39 million. 

In a bourse filing last Friday in response to a news report published by The New Straits Times that MQ Tech was a front runner, alongside Top Glove Corp Bhd, to acquire Latexx Partners, the loss-making company said it had the intention to acquire the glove manufacturer.

“The board of directors wishes to clarify that the company has the intention and will be in negotiation with Semperit Group for the proposed acquisition. The terms of the acquisition have yet to be finalised.

“The board took cognisance of the need for proper dissemination of information to the public and would release an announcement on Bursa Securities of any material development on the subject matter on a timely basis as required by the ACE Market Listing Requirements of Bursa Securities,” it said.

MQ Tech, whose core business specialises in high-precision moulds and magnetic coils for hard disk drives, has been loss-making for the past five years. 

The company slipped deeper into the red for the financial year ended Dec 31, 2019 (FY19), posting a net loss of RM7.48 million, from RM5.22 million for the previous financial year. Its annual revenue shrank to RM9.65 million from RM24.65 million. 

The wider net loss seen for FY19 was on account of expenses associated with an employee share option scheme. 

As of Dec 31, 2019, MQ Tech’s cash balance stood at RM340,378, from RM6.26 million in FY18. In terms of borrowings, it had RM13,344, a hire purchase loan. In FY18, it had RM6.02 million in borrowings. 

According to its FY18 annual report, as of April 10, 2019, Heng Yong Kang @ Wang Yong Kang was MQ Tech’s largest shareholder, controlling a 15.22% stake, followed by its executive director Gerald Nicholas Tan Eng Hoe, who controlled an 11.54% stake, and Goh Boon Soo @ Goh Yang Eng, who maintained a 6.27% stake.

Latexx was delisted in early June 2013 after Semperit AG Holding privatised it. In 2012, Semperit made an offer for Latexx, valuing the latter at some RM603 million following its acquisition of a 47.3% stake from Latexx’s substantial shareholders.

As it stands, Semperit has a 98.56% stake in Latexx.

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22 June 2020

https://www.theedgemarkets.com/article/mq-tech-spotlight-bid-glove-maker-latexx?type=malaysia

if after mkt qr annoucement no good lo...no indication wil gap up

dont think so

My eg Menganas sdh..

Last week didnt manage close abv rm3

Volumn too little ...to.move mountain

Rubberex qr out July ka?

Apa yg kita takut skg tak kena renew kontrak yg akan expired 30hb ni ....nti tumbang terus My Eg

Lepas tu baru tumpukan perhatian pd tender projek yg lain.

Ya btl.. kena renew apa yg akan expired 30hb Jun dulu

Niis worth 1.5B involved political players ...not easy said n done deal.

Low volumn

July?

When is the qr??

Hard to cari makan now low volumn across the board....

Haha

Either going to fly or we all kena fry

https://www.thestar.com.my/business/business-news/2020/06/20/short-position---strange-partners

https://www.thestar.com.my/business/business-news/2020/06/20/short-position---strange-partners

https://www.thestar.com.my/business/business-news/2020/06/12/stake-buy-to-strengthen-myegs-position

My eg hv existing contract wt relevant dept...which expired 30th june 2020...If this is renewed considered good news...As for tender for new job...if didnt get it still ok as Alrdy planning to take 10% stake of 5S System which many considered to win the tender..

https://www.theedgemarkets.com/article/cover-story-two-men-midas-touch?type=corporate

Buy n sell based on our own judgment..
who ever said they know this n that...in fact dont know yet the true outcome...take yr own risk...

So we wait for the run up or we cabut 1st...?

Watch out ecoworld merger wt uems...buy n keep

Looking at past few days volumn n price movement we might mistakenly think Dsonic alrdy sealed the deal...lets wait n see ...

To stay relevant MyEg take a stake at S5 system

A re-tendering for the RM2.5 bil immigration system?
S5 Systems is one of the shortlisted bidders and could even be the dark horse in this bid
by

Doreenn Leong

The government is believed to be re-tendering the RM2.5 bil Integrated Immigration System (IIS) due to some changes in the project’s specification. The request for proposal had closed on Aug 16 and saw some 30 bidders for the project.

It is learnt that there are four frontrunners for the project: Datasonic Group Bhd, HeiTech Padu Bhd, Opcom Holdings Bhd and S5 Systems Sdn Bhd.

The ISS is supposed to replace the RM3.5 bil Sistem Kawalan Imigresen Nasional (SKIN) project, which was awarded to education software licence purveyor Prestariang Bhd via direct negotiation in 2017.

At that time, SKIN was to replace the Malaysian Immigration System, which was awarded to HeiTech Padu. However, the new government under Pakatan Harapan terminated the project due to high cost and “weaknesses” in the SKIN concession.

To stay relevant my eg need to take a stake at S5 System..

A re-tendering for the RM2.5 bil immigration system?
S5 Systems is one of the shortlisted bidders and could even be the dark horse in this bid
by

Doreenn Leong

The government is believed to be re-tendering the RM2.5 bil Integrated Immigration System (IIS) due to some changes in the project’s specification. The request for proposal had closed on Aug 16 and saw some 30 bidders for the project.

It is learnt that there are four frontrunners for the project: Datasonic Group Bhd, HeiTech Padu Bhd, Opcom Holdings Bhd and S5 Systems Sdn Bhd.

The ISS is supposed to replace the RM3.5 bil Sistem Kawalan Imigresen Nasional (SKIN) project, which was awarded to education software licence purveyor Prestariang Bhd via direct negotiation in 2017.

At that time, SKIN was to replace the Malaysian Immigration System, which was awarded to HeiTech Padu. However, the new government under Pakatan Harapan terminated the project due to high cost and “weaknesses” in the SKIN concession.

S5 Systems is one of the shortlisted bidders and could even be the dark horse in this bid http://read.focusmalaysia.my/epaper/viewer.aspx?publication

As long as there is fund then my eg can moved higher n faster...u & me cant move mountain

News- Request to Govnt to extend loans deferment to Dec 2020