OTHERS DAYA MATERIALS BERHAD ("DMB" OR "THE COMPANY") PROPOSED DISPOSAL OF 2,400,000 ORDINARY SHARES OF RM1.00 EACH IN DAYA CMT SDN. BHD. (“DCMT”) TO PERFECT PROPEL SDN. BHD. (“PURCHASER”) FOR A TOTAL CASH CONSIDERATION OF RM18,000,000.00 (“PROPOSED DISPOSAL”)
DAYA MATERIALS BERHAD
Type Announcement Subject OTHERS Description DAYA MATERIALS BERHAD ("DMB" OR "THE COMPANY") PROPOSED DISPOSAL OF 2,400,000 ORDINARY SHARES OF RM1.00 EACH IN DAYA CMT SDN. BHD. (“DCMT”) TO PERFECT PROPEL SDN. BHD. (“PURCHASER”) FOR A TOTAL CASH CONSIDERATION OF RM18,000,000.00 (“PROPOSED DISPOSAL”)
Reference is made to DMB’s announcements made on 28 April 2014, 5 May 2014, 12 May 2014, 15 May 2014, 26 May 2014 and 5 June 2014 (“Announcements”) in respect of the Proposed Disposal. The Board of Directors of DMB is pleased to announce that the Proposed Disposal is completed today. This announcement is dated 17 July 2014.
Announcement Info Company Name DAYA MATERIALS BERHAD Stock Name DAYA Date Announced 17 Jul 2014 Category General Announcement Reference No CC-140717-43B76
datoM, if beli 1 juta has to be declared to Bursa, what makes you think selling 10 juta saham no need to be declared? Sometimes, when you want to give such a statement, please think twice.
FV of MYR0.48, FV is based on target FY14 P/E of 15x, in line with other small to mid-cap O&G stocks in our coverage. Earnings are expected to improve by 2QFY14: source RHB research
No need to act super smart or you are the only one have brain here. If holding 10 million shares already need to disclosed as top 30 shareholders la, unless he find 10-20 friends to hold together ar?
Tuakong61 seriously got issue. Of course he can ask his relative and friends to hold. But what's public is public. If he disposed that he has to announce. Are you noobie or what?
World’s biggest wealth fund among Reach Energy investors Posted on July 25, 2014, Friday REACH Energy Bhd (Reach Energy) has attracted investors including Norway’s US$890 billion (RM2.82 trillion) sovereign wealth fund in an initial public offering to fund its acquisitions of oil and gas fields.
REACH Energy Bhd, which is set to be the largest special purpose acquisition (SPA) company listed on Bursa Malaysia, has placed out 980 million shares to cornerstone and institutional investors, leaving only 20 million shares for the public to subscribe for under its initial public offering (IPO). Reach Energy will raise RM750 million from the sale of one billion shares at 75 sen each. It expects to have a market capitalisation of RM958 million upon listing, tentatively scheduled on August 15. Managing director and chief executive officer Shahul Hamid Mohd Ismail said Reach Energy has locked in the likes of Lembaga Tabung Haji, infrastructure company MTD Capital Bhd, Hong Leong Asset Management Bhd and CIMB-Principal Asset Management Bhd as cornerstone investors. Other cornerstone investors include Koperasi Permodalan Felda Malaysia Bhd and Majlis Amanah Rakyat. “Our cornerstone and institutional investors have collectively taken up 980 million shares of the one billion shares, leaving only 20 million shares for the public when we list in August,” Shahul said. He said the single biggest placement shares taken up are 50 million shares by a cornerstone investor. Shahul said Norway’s sovereign fund Norges Bank Investment Management’s participation in the IPO is substantial. Reach Energy intends to seal its first asset acquisition in Asia Pacific within the next 12-18 months. “We have a handful of assets being evaluated, but it will take time to conclude the deals due to regulatory and shareholders’ approval process,” said Shahul, adding that it will only focus on Malaysia, Indonesia, Myanmar, Thailand, the Philippines, Vietnam and Australia. “We don’t want to do broad shopping, as buying assets involves huge investments and time, thus we will focus on Asia, where it which gives us no shortage of acquisition targets.”
Old daya fan. sold 50-60 % of daya at 0.38 If anyone have not taken profit on daya,should hold now . reach energy listing should add at least 5 cts to daya's capitalisation . Daya is too cheap now. Let mazlin go to reach energy ,easier money,easier kaya.Tham will need to work harder to rebuild daya (though having other bumi to helm daya may be better.)I see that his wife is accumulating daya. Hope that daya net profit will increase this quarter, and with contribution from reach energy & others, daya's days are coming again. Hope to double current price in 1 year's time. The other thing I wonder is, why no RE IPO preference to daya shareholders.Too much demand for Reach Energy?Good then
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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....
tlbeng
905 posts
Posted by tlbeng > 2014-07-17 00:27 | Report Abuse
around 20th~30th Aug