Kuih, are you Leong Wai Kwin? Accidentally buy until name appear.

New business injection? Nagendran still retaining his holding

I dont think so.. Tan has committed to take up all the unwanted rights.

This is an exercise to weed out all the weak shareholders with weak commitment. If no one take up the rights, Tan's stake will go up to 22%. from current 13%.

Seems like no one managed to imagine it right. Ok.. Let me elaborate a little. One of 7-11 plan is to change its store layout and business strategy since its losing business post the 99 speedmart and KK Mart entrance. So, with the IPO proceeds, it make sense to refurbish the layout and store feel to compete. The business might be bad for the past few quarters due to drag from old business but all it needs now is major contracts to turnaround. Do you all think that the major shareholder, Tan will keep increasing her stakes if the company has no hope... She has also committed to take up all her rights. Sometimes it is just common sense not so much of business sense.

agree. Don underestimate the influence of Tan family. I speculate that this company might get something from 7-11 IPO. I'm lazy to elaborate too much. Leave it to you guys to imagine.

Tan is slowly buying out the management if you all notice. Paying above market price is not just for ownership but for control I think

I think some big time buyer is waiting the stock to cool b4 taking action. This stock has never been about result.

How much Tan Chong will spend on fittings, renovation for its showroom, factory, property every year? How much can that go to Flonic?

Tan Chong Motor Holdings Berhad (TCMH) was incorporated in Malaysia on 14 October 1972. From its humble beginning as the distributor of small motor vehicles back in the 1950s, TCMH Group (the Group) is today one of the largest national conglomerates involved in a myriad of business activities; from the assembly and marketing of motor vehicles and auto parts manufacturing to property development as well as trading in various heavy machineries, industrial equipment and consumer products - both locally and abroad.

As part of a restructuring exercise to strengthen our foothold as an industry major player; in 1998 various business interests of TCMH abroad were eventually demerged and subsequently listed on The Stock Exchange of Hong Kong Limited under the Tan Chong International Limited flagship. This was followed by the demerger of its automotive parts division, non-motor division involving cosmetics, undergarments, and the distribution of heavy machinery as well as tourism-related businesses; which was subsequently listed on the Main Board of Bursa Malaysia Berhad in 1999 under APM Automotive Holdings Berhad and Warisan TC Holdings Berhad respectively. These exercises have enabled the Group to realign its focus on motor industry business.

TCMH is basically an investment holding company and the Group’s current principal activities among others are; assembly and distribution of motor vehicles, provision of after-sales services and motor related financial services such as hire purchase, an insurance agency, and leasing.

On top of that, the Group is the franchise holder and exclusive distributor of Nissan passenger and light commercial vehicles as well as Renault vehicles in Malaysia, with 98 sales branches and authorized dealership outlets nationwide; supported by 91 after-sales service centres. In addition, we are also the franchise holder and exclusive distributor for trucks and buses under the UD Trucks and Silverbus brands, with 12 sales centres and 16 sales dealers, supported by 10 after-sales service centres and 36 authorised service dealers; with a market share of 15% for heavy commercial vehicles (HCV), 8% for light commercial vehicles (LCV) and 33% for buses, thus establishing us as one of the leading commercial vehicle distributors in Malaysia.

The two assembly plants in Segambut (Kuala Lumpur) and Serendah (Selangor) have very close capacity; both plants together can deliver 100,000 units a year with additional shift and reasonable overtime; the Group’s vehicles sales enjoyed a market share of 11.93% for non-national cars and 5.21% for the industry-wide market as of September 2012.

Overseas Venture
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Having served Malaysian consumers for over three decades, we at the TCMH Group have since spread our wings globally. Beginning in 2005, the Group had made significant inroads into the overseas market by expanding our automotive business operations overseas with the assembly of bus chassis and sale of buses in Vietnam, besides the provision of automotive workshop services in Cambodia and Thailand. And in December 2009, we successfully obtained an Investment Certificate from the Danang Industrial and Export Processing Zones Authority, Vietnam to undertake the manufacturing, assembly and sale of buses, trucks and passenger cars, as well as provision of after-sales services and sale of spare parts. For this purpose, the Group has leased a piece of industrial land in Danang City, Vietnam. A year later, TCMH Group entered into Distribution Agreements with Nissan Motor Co, Ltd in March 2010 that granted us the sole and exclusive rights to distribute completely built-up (CBU) Nissan brand vehicles for the Cambodia and Laos markets.

Whilst in October 2010, the Group successfully acquired 74% charter capital in Nissan Vietnam Co., Ltd (NVL) with the remaining 26% held by Nissan Motor Co., Ltd. NVL is principally involved in the importation and distribution of Nissan vehicles in Vietnam.

In December 2010, Tan Chong Motorcycles (Laos) Co Ltd, a wholly-owned subsidiary was established in the Savan-Seno Special Economic Zone in Lao PDR that allows the Group to undertake the assembly, sale and distribution of SYM (Sanyang Industry Co.Ltd) motorcycles.

I think there could be some major project coming for Jiwa? Given Tan's family influence, shouldnt be hard to get some major fitting projects?

Also, who took the private placement?

Billion ringgit GST projects coming. We should realise that GST software doesn't only apply to government but all sectors that buy and sell stuff. Deeply undervalued for its potential. Could this be the next Dsonic?

2 more quarter it should be back IPO price

saw the latest announcement. For Related party transaction? I think Felda is ready to award contract.

Hey guys. This is just the norm in market. Punters/investors overreacted in co. prospect post budget announcement. Then, directors take profit after share price tripled to IPO price. Best is to follow fundamental, TP by RHB is 0.29 after cutting out the fibre contracts, which I think is a bit conservative since budget 2014 has allocated funds to it. If you guys look at the chart, this is not the 1st time such event happened. I believe this weakness is just temporary like what we seen in the past. Anyway, strong rebound will take place after contract wins.

Simple, they are raising money in the form of convertible notes. Means it will be bond for now, but can be convertible into shares. If converted there will be some dilution.
The hot topic now is of course the GST implementation rather than this.
Censof has long prepared to train and install new software for gov. on GST implementation.
It's almost certain that there will be plenty of contract wins coming in in the next few months.
Aside from gov, private side also will require to update their accounting software because for business, they can set off the GST payable with the GST they incurred.