Reference is made to the article appeared on page 16 in Focus Malaysia today in relation to proposed acquisition of Winvest Global Sdn. Bhd. (“Winvest”) by Excel Force MSC Berhad (“EForce” or “the Company”).
The Board of Directors of EForce wishes to announce that EForce is currently evaluating a proposed investment in Winvest. Currently, as terms of investment, the Company is in the midst of evaluating the proposed investment, the consideration and the percentage of equity participation are yet to be finalised for the time being. Upon finalization of the investment, the Company will make the necessary announcement accordingly. Winvest was incorporated in Malaysia on 28 June 2013 with an existing paid-up capital of RM2.00 comprising 2 ordinary shares of RM1.00 each. Winvest is principally engaged in provision of investment education and training services to investors. There is a synergy in the proposed investment in Winvest whereby EForce will ride on the existing clientele of the Company to promote the educational courses and investor related courses conducted by Winvest. None of the Directors and/or major shareholders of EForce and/or persons connected to them have any interest, direct or indirect, in the above proposed investment under evaluation. The Board of Directors of EForce is of the opinion that the said investment is in the best interest of the Company. This announcement is dated 4th July 2014.
N2N recommended as stock to watch next week.....Since Eforce in same biz, maybe this will add in as another impetus to charge ahead.....Friday will be the last day to trade in order to get the free warrant ....so only five (5) trading left ....
Just heard from my broker that Eforce has got the OSK account from N2N since they are now part of RHB who is already using Eforce platform. Means ..... More revenue and profit for Eforce going forward....
Basing on the price movement the past few days, most likely Eforce will close at around the RM1.00 level, thus giving the warrant a theoretical value of RM0.32 based on exercise price of RM0.68 .... By keeping at this level, the warrant will be cheap upon its listing with more upward potential. Same goes with the mother share from next week onwards....pls advise on others view on this
US market the NASDAQ index dropped quite a bit yesterday. And the forecast in US is not good for high tech. company. So are Malaysia high tech companies going to do well in the second half? Judge yourself :)
Bonus Issue of 103,384,050 warrants in Excel Force MSC Berhad (“Excel Force” or “Company”) (“Warrants”) on the basis of one (1) warrant for every two (2) existing ordinary shares of RM0.10 each (“Excel Force Shares” or “Shares”) held as at 5.00 p.m. on 17 July 2014.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Offer" ] as from : [ 14 July 2014 ]
some took profit after ex so they could have the bonus & at the same time cash out the profits... but is normal on these corporate exercise.. It will definitely rebound :)))
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Posted by SK Lee > 2014-07-04 14:29 | Report Abuse
So many selling on this counter