PUC surges to 25-month high following acquisition plan.
PUC’s largest shareholder is Lau Pak Lam, co-founder of Cocoaland Bhd, who emerged as a new substantial shareholder after acquiring 232 million units of PUC’s shares via off-market transactions, representing 9.64% of the group’s share base on Jan 26.
Lau’s brother, Liew Fook Meng , also acquired 241.55 million shares on the same day, equivalent to a 9.8% stake.
According to Bloomberg, Lau’s stake in the group has risen to 10.05% as of June 11.
PUC’s other substantial shareholders include GPVF Sdn Bhd, an indirect unit of Genting Plantations Bhd, which holds a 6.59% stake, and Cheong Chia Chou, PUC’s group managing director and chief executive officer, who holds a 6.41% stake. https://theedgemalaysia.com/node/714955
Alevate Capital is a digital lender licensed by the Ministry of Housing and Local Government to provide money lending services under the Money Lenders Act, 1951. It is highly regarded by small and medium enterprises (SMEs) for its efficient and convenient credit accessibility, transparent financing rates, streamlined onboarding process, quick credit assessment and simplified documentation process.
Whereas, Alevate Solutions is a technology solutions, operations optimisation and digital transformation solutions provider.
PUC’s largest shareholder is Lau Pak Lam, co-founder of Cocoaland Bhd, who emerged as a new substantial shareholder after acquiring 232 million units of PUC’s shares via off-market transactions, representing 9.64% of the group’s share base on Jan 26.
Lau’s brother, Liew Fook Meng , also acquired 241.55 million shares on the same day, equivalent to a 9.8% stake.
According to Bloomberg, Lau’s stake in the group has risen to 10.05% as of June 11.
PUC’s other substantial shareholders include GPVF Sdn Bhd, an indirect unit of Genting Plantations Bhd, which holds a 6.59% stake, and Cheong Chia Chou, PUC’s group managing director and chief executive officer, who holds a 6.41% stake.
Puc exposure are growing bigger & bigger with cocoaland exfounder joining in, and the company is expanding overseas too, once brk 0.08 then see you at 0.10
yeah, yeah. anything is possible. Once PP subscribers fully offloaded, might drop to 4 sen and then 2.5 sen when 18 months ending 30/6/2024 results are out.
Under the HOA, PUC will settle the first RM100 million of the purchase consideration through the issuance of 800 million PUC shares at RM0.125 per share. Therefore, a breakout above 10 cents is highly expected
Could it be before the completion of this 2 acquisitions there will be further announcements that would make PUC value upto 0.125 that convinced vendor Tham to accept 0 125 as payment??
The first RM100 million of the purchase consideration through the issuance of 800 million shares at 12.5 sen each.
An additional RM7.5 million in cash will be payable once Alevate Capital and Alevate Solutions achieve a pre-tax profit of RM16 million from July 1, 2024 to June 30, 2025.
The remaining balance will be subject to achieving a further profit guarantee milestone of RM32 million in pre-tax profit from July 1, 2024 to June 30, 2026.
Profit Guarantee. A RM32 million profit guarantee over two years ensures a secure return on investment.
Market Expansion. The acquisitions position PUC to tap into new markets and expand its service offerings.
Innovative Solutions. Combining Martech, Fintech, and Entertainment Technology will enhance PUC’s competitive edge.
Experienced Leadership. Strong leadership from both PUC and Alevate ensures a strategic and successful integration.
Conclusion
With its strategic acquisitions, promising profit guarantees, and visionary leadership, PUC Berhad is on the brink of significant growth. This is an opportunity you don’t want to miss. Invest in PUC today and be part of a transformative journey towards creating a leading integrated technology solutions provider.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
rikki
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Posted by rikki > 2024-06-11 14:13 | Report Abuse
PUC surges to 25-month high following acquisition plan.
PUC’s largest shareholder is Lau Pak Lam, co-founder of Cocoaland Bhd, who emerged as a new substantial shareholder after acquiring 232 million units of PUC’s shares via off-market transactions, representing 9.64% of the group’s share base on Jan 26.
Lau’s brother, Liew Fook Meng , also acquired 241.55 million shares on the same day, equivalent to a 9.8% stake.
According to Bloomberg, Lau’s stake in the group has risen to 10.05% as of June 11.
PUC’s other substantial shareholders include GPVF Sdn Bhd, an indirect unit of Genting Plantations Bhd, which holds a 6.59% stake, and Cheong Chia Chou, PUC’s group managing director and chief executive officer, who holds a 6.41% stake.
https://theedgemalaysia.com/node/714955