Heard the ITIS project is awarded to TM from current non performing cronies. May be just may be they will pass this job to GP. i think the amount of contract is more than RM 200 mil.
Two weeks ago someone say 0.6 in two weeks time...so many con man here lol.Successor of Puan CC in GP also dun dare to come out to talk about GP future direction. What a lousy management, no maximize shareholder value.
There is no catalyst for this counter. And I have missed the opportunity to sell when the price peak on 26 March as I was outstation and did not monitor the market. Hence, instead of profiting from it, now I got to cut loss and move on.
Capital movement in investment is crucial and it s not easy to accept losses but somehow we got to do it. All the best to those who remains.
However, please note the short term price fluctuations due to the involvement of several prominent speculators, i.e. Tan Sri. If you are not confident to be with Green Packet as a long term shareholder, you are welcomed to take profit at any prices, which are deemed comfortable.
Will cccccccccc ya ccpuan... ini goreng manyakkk syokkk ooo. if sudden 'drop' I tell U kawannn, semua kasi Lelong nanti lorrr Ini 'gambling' method maaa, no more make sense oredy. 疯!!!
I would like to stress once again, short term price fluctuation is imminent, and serves as an exit opportunity for some parties. Loyal shareholders, please take note.
Again, thank you for your continuous support. Despite unforeseen circumstances during negotiation with TM Berhad, I look forward to maximizing gains for all shareholders at a longer horizon. For shareholders who are on a short term stint, an exit opportunity is here. Again, I thank everyone for their support and hope everyone makes profit, and last but not the least, happy investing.
Very good ahhh 2cents in <2hours. U buy 100,000 ahhh?? x 0.43 = RM43,000+(fee etc) / Sell @ 0.45 = RM45,000-(fee etc). Wahhh, untunggg RM1,9++ lorrr. Manyakkk Syokkk ahhh. And then BUY somemore still... Hahaha. Sudden drop to 0.40 baru tau lorrrr!!!!!! :-p Mee Goleng Goleng 美味!!!
Wong & Partners Advises TM on Its Partnership with Green Packet and SK Telecom to Develop Malaysia's Next-Gen Converged Communications Services Deal Announcement 14 April 2014 Kuala Lumpur, Malaysia, 14 April 2014 – Wong & Partners, a member firm of Baker & McKenzie International in Malaysia, advised Telekom Malaysia Bhd. (TM), a leading fixed-line and broadband provider, on its Investment Agreement with Green Packet Bhd. (Green Packet) and SK Telecom Co., Ltd. (SK Telecom), to collaborate on developing a next-generation Long-Term Evolution (LTE) infrastructure for converged communications services in Malaysia.
TM, through its wholly owned subsidiary Mobikom Sdn. Bhd., entered into the Investment Agreement on 27 March 2014 with Green Packet, a global player in 4G devices, and SK Telecom, the number one South Korean mobile operator in one of the most advanced LTE markets globally. Green Packet and SK Telecom currently have equity interest in Packet One Networks (Malaysia) Sdn. Bhd. (P1), a leading WiMAX player, which operates the 4G service.
As part of the Investment Agreement, TM will invest RM350 million into P1 via the subscription of new ordinary shares to make TM the majority shareholder with an estimated 57 percent stake, with Green Packet and SK Telecom remaining as key strategic shareholders of P1 upon completion. TM will also invest up to RM210 million into Green Packet via newly issued redeemable exchangeable secured bonds, which may be exchangeable into Green Packet’s stake in P1 in the future. In addition, TM, Green Packet and SK Telecom will subscribe for the redeemable convertible unsecured bonds to be issued by P1 to raise up to RM1.65 billion toward the roll-out of the LTE network and operation.
Munir Abdul Aziz, partner in the Firm’s corporate and commercial practice in Malaysia, led the team on the corporate aspects of the deal. He was assisted by senior associate Teo Ee Von, who was the lead associate on the transaction. Partner Mark Lim, who heads the finance and projects practice at Wong & Partners, and partner Esther Chik advised on the structuring and finalisation of the terms of the exchangeable bonds to be issued by Green Packet and convertible bonds to be issued by P1.
"This was an extremely challenging and complex deal, which involved a variety of corporate, financing and regulatory matters and is groundbreaking by virtue of the range of innovative features in its structure and terms. This deal will result in a new major 4G LTE service provider in Malaysia and heralds an exciting new era in the broadband communications industry," said Munir.
“We are pleased with the successful outcome of this deal and are privileged to have had the opportunity to advise on the intricate structuring of this investment, which involved a strategic combination of exchangeable bonds and convertible bonds,” Mark added.
Commenting on the deal, TM group chief executive officer Tan Sri Zamzamzairani Mohd Isa said, “This is in line with TM’s vision of being an ‘Information Exchange’ and Malaysia’s broadband champion. We are further expanding our capabilities into the adjacent wireless broadband space, as a natural evolution of our suite of Internet and data services, in order to better serve our customers’ needs. The partnership provides an LTE-ready platform for us to more efficiently roll out wireless broadband products and accelerate time-to-market for our customers.”
The Investment Agreement will come into effect upon completion of all conditions precedent, including the relevant regulatory and Green Packet shareholders’ approvals. Subject to all such approvals being obtained, the Investment Agreement is expected to be completed within the next few months. The parties will make the appropriate announcements accordingly.
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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....
DavidSiaw
300 posts
Posted by DavidSiaw > 2014-04-11 11:42 | Report Abuse
WA : 0.005 can bet your house on it? coz if 0.01 can win another house lol