29 Aug 2014 -After due consideration of all facts and circumstances of the matter, Bursa Malaysia Securities Berhad has decided to approve the Company's application for an upliftment from being classified as a PN17 company.SUMATEC will be upliftedfrom being classified as a PN17 company effective from 9.00 a.m., Tuesday, 2September 2014.
Trading still going on... pls get your facts right before writing in this post. Nothing says this counter is de-listed. If you have nothing right to say don't say anything.
Wojiasanbao , last time 2011 halim enter restructuring sumatec ... I follow this opportunity i buy at 5 cents until 2014 i see the aggrement i research sumatec then i decided sell at 50 cents.I say sumatec will drop back to 5 cent.when this year 1 cent is cheap can buy below 5 cent very actrative must buy can earn money ...last week i study and research again overall sumatec have several reasons i make decision not buy again sumatec because bursa give notice will suspend sumatec end oct.This is the most important one of the reason i not buy again sumatec...
Other offers for PLUS are from businessman Tan Sri Halim Saad, who partnered with Datuk Wong Gian Kui, to take over PLUS whole equity holding for RM5.2 billion.
Khazanah Nasional Bhd managing director Shahril Ridza Ridzuan. KUALA LUMPUR: Government sovereign wealth fund Khazanah Nasional Bhd is not in the mood to sell PLUS Malaysia Bhd, the country’s biggest expressway toll firm, its managing director Shahril Ridza Ridzuan says.
He said Khazanah, which owns 51% of PLUS, maintained its stand against disposing of its stake in PLUS.
“We are not in the mood to sell the asset and we actually haven’t got any kind of bidding process going on,” he told reporters on the sidelines of Permodalan Nasional Bhd Corporate Summit 2019 here today.
Shahril said he agreed with Prime Minister Dr Mahathir Mohamad that none of the offers made so far was attractive.
“So I leave it at that,” he added.
News emerged today that Widad Business Group Sdn Bhd had upped its offer to acquire 100% equity interest in PLUS at a total enterprise value of RM38.34 billion.
This includes RM5.3 billion for the equity interest, RM3.04 billion compensation waiver and RM30 billion debt assumption.
Businessman Halim Saad, who partnered with Wong Gian Kui, has also offered to take over PLUS’ whole equity holding for RM5.2 billion.
Maju Holdings Sdn Bhd, the operator of Maju Expressway, has also submitted an offer to acquire PLUS at an enterprise value of RM34.9 billion including PLUS’s debt to its bondholders
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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....
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Posted by sell > 2019-10-29 12:46 | Report Abuse
Delisting is real?