Posted by Soliday > 2024-08-30 16:57 | Report Abuse

Result good, KUCHAI is back

Posted by AhPek > 2 months ago | Report Abuse

High volume lately. Something interesting coming?

Posted by Diamond7 > 1 month ago | Report Abuse

Wa
Why give 20 cents dividend?

Posted by Diamond7 > 1 month ago | Report Abuse

After the swap with SBagan
Kuchai will be a cash rich shell company!

Will SBagan be privatise after the swap?????

Posted by AhPek > 1 month ago | Report Abuse

Hope so. After the swap, Sg Bagan NTA should be around RM13, right???

Posted by dompeilee > 1 month ago | Report Abuse

Jumped into 25,000 Kuchai total @ $2.07 at the open.

Posted by dompeilee > 1 month ago | Report Abuse

Transfer of assets & SBagan shares finalized! Now just waiting for ex-date for 0.222 SBagan shares in exchange for each Kuchai share to be fixed...

Posted by Diamond7 > 1 month ago | Report Abuse

@Dompeilee
Excellent!!!
Yes!
Now SBagan moving up up

Once kuchai is alloted SBagan shares...
Share price will move up again!
Kuchai price very dependent on SBagan shares price!

Posted by speakup > 1 month ago | Report Abuse

I like Kuchai. A lot of good food there but I find parking there is a problem

Posted by Diamond7 > 1 month ago | Report Abuse

Yes
Later kuchai give you a basket of free gifts ... 🎁
Open the box!
U will find free "SBagan"😍

Posted by Diamond7 > 1 month ago | Report Abuse

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description (I) DISPOSAL OF SUBSTANTIALLY ALL THE ASSETS AND LIABILITIES IN KUCHAI DEVELOPMENT BERHAD ("KDB") TO SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN") TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF NEW ORDINARY SHARES IN SG BAGAN ("SG BAGAN SHARES") ("DISPOSAL"); AND

(II) DISTRIBUTION OF SG BAGAN SHARES HELD BY KDB ARISING FROM THE DISPOSAL TO ITS ENTITLED SHAREHOLDERS BY WAY OF A CAPITAL REDUCTION AND REPAYMENT AND DIVIDEND-IN-SPECIE ("DISTRIBUTION")

(COLLECTIVELY, "PROPOSALS")
We refer to the Company's announcements dated 29 December 2023, 28 February 2024, 18 March 2024, 7 May 2024, 26 June 2024, 3 July 2024, 12 July 2024, 30 July 2024, 23 September 2024, 3 October 2024 and 10 October 2024 as well as the Company's circular dated 15 April 2024 ("Circular") in relation to the Proposals. Unless otherwise stated, the definitions used herein shall have the same meaning as defined in the said announcements and Circular.



Reference is made to Section 4 of the Circular and the Company's announcement on 10 October 2024 in relation to the completion of the Disposal.



On behalf of the Board, RHB Investment Bank wishes to announce that, following the completion of the Disposal, an application was submitted to Bursa Securities on 11 October 2024 to seek the guidance of Bursa Securities on whether KDB is considered as a Cash Company under Paragraph 8.03 of the Listing Requirements.



The Company is currently pending a decision from Bursa Securities on the abovementioned matter.



This announcement is dated 11 October 2024

Posted by dompeilee > 1 month ago | Report Abuse

Considering both the 20c dividend AND the upcoming SBagan dividend in specie, the yield is an astounding 69.3% @ the current price of $2.16!

Lelong LELONG! By 11 Dec the price will almost surely be above $2.35!

Posted by AhPek > 1 month ago | Report Abuse

What happen if the effective date for the take over of Kuchai assets and liabilities is before 11 Dec?

Posted by dompeilee > 1 month ago | Report Abuse

I'm neither a lawyer nor a corporate M&A expert but doesn't the latest announcement imply that SBagan already owns all of Kuchai's former assets except its cash pile & its Semenyih land while the latter already owns 26.7 mil of the former's shares?

Posted by AhPek > 1 month ago | Report Abuse

Oh, the deal already done? I thought they going to fix a date for the actual transfer.

Posted by Diamond7 > 3 weeks ago | Report Abuse

Dividend in specie on 21-Nov-2024

216 per 1000

Posted by TheContrarian > 2 weeks ago | Report Abuse

Will Kuchai price adjust down after it goes ex-dividend? How much will it adjust down?

Posted by AhPek > 2 weeks ago | Report Abuse

After adjustment, 1.40???

Posted by mf > 2 weeks ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

43,417.66

-333.20

0.76%

Nasdaq

NASDAQ Composite

18,652.49

-455.15

2.38%

Posted by TheContrarian > 2 weeks ago | Report Abuse

Posted by AhPek > 8 hours ago | Report Abuse

After adjustment, 1.40???

How do you calculate to get RM1.40?

Posted by AhPek > 2 weeks ago | Report Abuse

Sorry. I think RM1.40 is the NTA not the adjusted price.

Posted by AhPek > 2 weeks ago | Report Abuse

Sg Bagan =5.65
Kuchai =2.02
2.02-(5.65 ×0.216)=0.80

Posted by multi530 > 2 weeks ago | Report Abuse

need to deduct dividend of 0.19 too?

Posted by TheContrarian > 2 weeks ago | Report Abuse

Dividend of 0.20 not 0.19, goes ex next month.

Posted by dompeilee > 1 week ago | Report Abuse

Cut loss on 42% of my recently re-purchased Kuchai @ $2.03 yesterday & re-entered @ 78.5c today 66.7% more than what I SOLD...

Posted by LittleKnife > 1 week ago | Report Abuse

anybody knows when do we receive the sbagan shares ?

Posted by zildjian > 1 week ago | Report Abuse

2/12

Posted by titita > 1 week ago | Report Abuse

dividend rm200 per 1000 shares pay on 2/12/24??

Posted by titita > 1 week ago | Report Abuse

such big "frog"? or just some gimmick...?
\

Posted by Diamond7 > 1 week ago | Report Abuse

Will continue to up up till close to dividend date!!!

Posted by dompeilee > 1 week ago | Report Abuse

dompeilee

Cut loss on 42% of my recently re-purchased Kuchai @ $2.03 yesterday & re-entered @ 78.5c today 66.7% more than what I SOLD...

1 day ago




T + 1 only & already +17%😘

Posted by lohkinglun1 > 1 week ago | Report Abuse

What is happening? will still receive RM0.2/unit? and the stock will change to sbagan share automatic??

Posted by taitaumau > 1 week ago | Report Abuse

My understandings, post distribution of SB shares and B4 x-dividend, the remaining assets held by KD(PN 16)
1. Cash (net) 84 M
2. Land 8 M
NOS123.7M. NTA 0.744.
Post x 0.20 dividend (12/12/24), NTA 0.544
Crediting date of SB shares: 2/12/24

Posted by lohkinglun1 > 1 week ago | Report Abuse

SO if I have 1000 units. i will receive 216 units of Sbagan (Sbagan worth RM5.9/unit) on 2/12/24... if i keep Kuchai stock, i will get RM0.2/unit?

Posted by LoseWin8020 > 1 week ago | Report Abuse

currently kuchai share is PN16 but it have also dividend. they split the share to part you get sbagan and retain same kuchai share but at lower value due to cost for allocating sbagan share.

effectively also for now you keep the kuchai share until 12th you get additional 20 cent dividend which is 21% return for share which is very high, partially also for directors to avoid dividend tax next year.

Unsure of what next step of Kuchai as they are now cash rich company so need for plan for new core business to remove PN16

Posted by lohkinglun1 > 1 week ago | Report Abuse

So the user bought at RM2+ will received some Sbagan share. while the guys bought atRM0.9 will only received RM0.2/ unit at dividends?

Posted by LoseWin8020 > 1 week ago | Report Abuse

Refer here

https://theedgemalaysia.com/node/730172

Posted by dompeilee > 1 week ago | Report Abuse

T+2 UPPPP 38%! Beat any counter within these 2 days!!! 😘

Posted by paperplane > 1 week ago | Report Abuse

so the company intend to do what with empty shell now? interesting new ventures coming/?

Posted by zildjian > 1 week ago | Report Abuse

mana tau ocbc? great eastern ?

Posted by LoseWin8020 > 1 week ago | Report Abuse

I think they diversify, they are investor in invesment fund, commodity, security and also land and property for rental. Currently they sell of the land to sbagan and become cash rich, so they may use the cash for venturing different invesment. It is sort of like Matrix Holding where they invest for you (Invesment holding company)

Posted by newbie5354_ > 1 week ago | Report Abuse

Sifus if I buy Kuchai now Kuchai no more Great Eastern shares correct?

Posted by LoseWin8020 > 1 week ago | Report Abuse

I think all was given to Sbagan, and left with mostly cash and some land. They basically cash rich company and plan for new investment method, so this will depends on their next action.

Kuchai is under Kluang Rubber, Sbagan is sister company

Main company is Nyalas Rubber Estate Limited in Singapore

Posted by paperplane > 1 week ago | Report Abuse

just hope this empty shell can be someone backdoor later, if good will fly.

Posted by Diamond7 > 6 days ago | Report Abuse

At 93 cents
Worth buying?
How much cash is left after ex dividend of 20 cents?

Posted by Diamond7 > 5 days ago | Report Abuse

Hope the cash rich empty shell will give another special dividend or return all the cash to the shareholders!

Posted by LoseWin8020 > 5 days ago | Report Abuse

NTA 74 cent

Posted by Diamond7 > 2 days ago | Report Abuse

20 cents dividend coming!

Posted by Diamond7 > 1 day ago | Report Abuse

Vow!
Kuchai running up!
Hit RM1.00
20 cents dividend coming!

Posted by speakup > 11 hours ago | Report Abuse

Kuchai very bullish