tomorrow EGM .. seeking approval to vary the utilisation of proceeds.. if you read the circular, it says they wanna do acquisition.. currently in nego w/ some prospects wor. eyeing M&E.... jeng jeng jeng.
as expected, reso carried out smoothly .. unanimous approval by shareholders. and not bad, share price reacted positively. now.. looking into the future ... we shall see what lies ahead. 拭目以待!
Yup, shareholders has approved the proposal and SSB8 will use approximately RM22 million raised from PP to acquire mechanical and electrical (“M&E”) construction company that is in line with its existing business
SSB8 has been trending bullishly since March and look at today's trading volume, it's more than 17 million. The person who say no power doesn't have eyes one 😆😆
woohoo, SSB proposed to acquire 51%-stake in data centre (dc) M&E specialist for RM23 mln! The news came just 1 week after their EGM approval to vary the private placement utilisation proceeds. Nice, very nice. Looks like this SJEE company has done dc jobs before.. unlike some companies which say they are tendering for dc jobs (but has never done one in the past).
will be really interesting to see the response at 9am later.. will share price jump? got chance to be like VSTECS?? hmmmmm.... can't wait till 9am.
For your record, SJEE is established in 1992, has carved a niche in the electrical engineering sector, specialising in turnkey projects for complex installations in high-tech industries, such as DATA CENTERS
Construction group Southern Score Builders Bhd is acquiring a 51% equity stake in electrical contractor SJEE Engineering Sdn Bhd for RM23.0mn cash to tap into new market segments within the construction value chain and to expand its income stream.
The acquisition comes with a profit guarantee by Ngo that SJEE will achieve a cumulative profit after tax of not less than RM15 million over three financial years.
As such, the total profit attributable to Southern Score is approximately RM7.65 million over the three years.
The acquisition is expected to be completed by the third quarter of 2024, the group said.
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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....
RCZ2020
848 posts
Posted by RCZ2020 > 2024-05-06 22:18 | Report Abuse
Will move up tomorrow