Posted by calvintaneng > 2023-11-11 13:53 | Report Abuse

Happy day indeed for all shareholders of Bplant

Bplant is another privatisation success story after Tmakmur, Kulim, Kwantas and Ijm plant

Palm oil companies with its high value landbanks at old book value plus increasing Cpo prices over Rm3700 to Rm4200 a ton are prime candidates for takeovers or privatisation

And ahead for Bplant are these steps

1. LTAT will be giving out forms for Privatisation Acceptance

2. Whoever wishing to accept will need to fill in form by Dec 1st 2023
Payment will be within 10 days after forms are submitted
You will get full payment of Rm1.55

3. However, those who do not want to wait can sell at open market at Rm1.53 to Rm1.55 (can even go higher or lower according to current market sentiment
You will get money faster and your remisier will benefit from trading commissions incurred

4. For those who do nothing and after 60 days if LTAT finally gets above 90% threshold all your bplant shares will automatically be acquired by law and you will receive Rm1.55

5. But if after 60 days LTAT still unable to get above 90% then it might follow Sindora, TheStore or Tmakmur's example by raising the final offer price

This was what Pahang Sultan offered for Tmakmur when he raised final offer price by another 10 sen from Rm1.80 to Rm1.90

And it will be a rare occurrence if some entity rise up to obstruct takeover by buying and holding more than 10% to prevent privatisation as in the case of Harrison and Hl capital

All these will unfold in the days ahead

Exciting times are still ahead for all 🌴🌴🌴 🔥🔥🔥

Posted by stockraider > 2023-11-12 12:32 | Report Abuse

Meaning 21 days....circular & offer document out loh!
7 days for dilly dally of signing & acceptance loh!
11 days to pay us mah!

Thus conservatively u will get your money within 39 days thus by latest 22 December 2023 u get your money loh!



1. Buy other Plantations
Like TSH, NSOP, Inno, Taann Cepat and Jtiasa

2. Buy Banks & Finance
Maybank, Rhb, Abmb, Affin , PBank & MNRB

3. Buy Industry
HLI, Oriental, Kseng, Pantech, chinwel, csc and tongher

4.Buy technology
MI, Scicom, Myeg, willow & Agmo