0.135 ....... i thought got good news when the day start then i thought i buying good rate but go day by day dropping like nobody business .... sigh.... cut lose at 0.10 and 0.085..... burn my finger oredi.... =.=
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.
Gpacket-WA has great potential to rebound as i just buy in 1000 lots(last week) at RM0.40 while time is doing 0.35 and 0.40. Why not? it will be great profit in a 3 months time.
Time to whack!.....27sept14... Still long way Togo.... If you manage to buy in at 0.02 to 0.03 cent you should great potential to enjoy 50%to 100 gain after some good news by TM...insiders news!,, not from ibuayam@anakayam or BAPAK ayam , nenek ayam!
Type of Securities : Warrants Type of Expiry : Expiry/Maturity of the securities Mode of Satisfaction of Exercise/Conversion Price : Cash Exercise/Strike/Conversion Price : MYR 0.9500 Exercise/ Conversion Ratio : 1 for 1 Settlement Type/ Convertible into : Cash Date & Time of Suspension : 11/09/2014 09:00 AM Last Date & Time for Transfer into Depositor's CDS a/c : 22/09/2014 04:00 PM Date & Time of Expiry : 29/09/2014 05:00 PM Date & Time of Delisting : 30/09/2014 09:00 AM Remarks :
John the form u can masuk bakul sampah.jgn harap the money returned. If you dont want your money they offer your warrant to mother at price 0.95 per unit.it' s ridiculous brooo....
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3157 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
nich0las
2,786 posts
Posted by nich0las > 2014-04-11 15:24 | Report Abuse
que @ 0.045. someone sold to me?