Posted by Yespleaseletsgo > 2021-01-29 18:23 | Report Abuse

Haha

Posted by TheContrarian > 2021-01-29 18:26 | Report Abuse

Bought at 70.5 sen this evening.

Posted by TheContrarian > 2021-01-29 18:33 | Report Abuse

A company cannot ask for a suspension in the trading of its shares unless there is a material announcement to be made by the company. If there's no proposed privatisation there's no need for a suspension.

Posted by unbelievable8 > 2021-01-29 18:36 | Report Abuse

Good point! TheContrarian

Posted by yip_net > 2021-01-29 18:47 | Report Abuse

Nobody knows only management board know
Banker or Player.

Posted by Yespleaseletsgo > 2021-01-29 18:56 | Report Abuse

Same i bought at 705 too

Posted by yip_net > 2021-01-29 18:58 | Report Abuse

@The Contrarian
Suspension also can announce to call off the privatisation .

Posted by TheContrarian > 2021-01-29 19:00 | Report Abuse

It's a whole day suspension on Tuesday. A proposed privatisation has been agreed and now preparing the formal documents to be delivered on Tuesday.

Posted by brianklc > 2021-01-29 19:06 | Report Abuse

By looking at the volume, seems like no dumping by institution, who might have more info on wht actually happen.

Posted by Condom004 > 2021-01-29 19:14 | Report Abuse

I no buy or sell..just eat popcorn and sitting see porntube..

Posted by TheContrarian > 2021-01-29 19:19 | Report Abuse

Suspension cannot be to call off privatisation because there was no privatisation in the first place, can't call off something that doesn't exist yet. Maybe announcement will be that Boustead has defaulted loan repayment and is now a PN17 defaulted company and will be delisted, hahahaha.

Posted by TheContrarian > 2021-01-29 19:23 | Report Abuse

LTAT and Boustead were worried that after the leak by The Edge speculative buying might push up market price above the proposed offer price.

Posted by Aurora13 > 2021-01-29 20:16 | Report Abuse

It is possible to suspend and cancel, due to concern of over dumping and collapse of share price... I'm not expert but I know it is not necessarily must have material developed to call that... Last time top glove also suspend for morning, due to something that may cause severe drop on the share price, sorry can't recall exactly what incident

Posted by Jonathan Keung > 2021-01-29 20:18 | Report Abuse

Suspension is temporary on Monday { 2/2 } pending material announcement. LTAT Board { Boustead } play their cards closed to their hearts {the very last minute} no leaks, no run up, no news { diam diam }

Posted by Aurora13 > 2021-01-29 20:24 | Report Abuse

Haha but of course, it can be saying no material but pop, deal is on then win lo, we can only speculate

Posted by Scylla > 2021-01-29 20:34 | Report Abuse

Monday will drop to floor. Run

Posted by birkincollector > 2021-01-29 20:35 | Report Abuse

oh...suspension to announce privatisation??

Posted by InvestigatorX > 2021-01-29 20:43 | Report Abuse

Boustead cost is RM2.551b for LTAT. At 62.5 sen as at 31 December 2020 it is RM0.75b. RM1.85b losses over RM10b asset, will LTAT need a government bailout? If EPF asset is -18.5% vs obligation, will you get dividend 5% or -5%? How will you vote in the next election? Ask your auditor friend. Boustead plantation also losing RM0.15b. Billions that we are talking!

Posted by winmal > 2021-01-29 20:45 | Report Abuse

Monday is public holiday

Posted by Yespleaseletsgo > 2021-01-29 20:46 | Report Abuse

You guys are funny, suspend also negative, not suspend also negative. Haha wait la for announcement

Posted by brianklc > 2021-01-29 20:48 | Report Abuse

Bplant losing money? Tht was grandfather story! Don’t create new account just to kakacaucau la

Posted by brianklc > 2021-01-29 21:09 | Report Abuse

yespleaseletsgo, to be frank. What bstead did these 3 days really leaves lots of room for imagination over this long weekend

Posted by InvestigatorX > 2021-01-29 21:29 | Report Abuse

Whatever they do, Boustead must worth RM2.551b. LTAT must have profit to pay dividend.

Posted by TheContrarian > 2021-01-29 21:38 | Report Abuse

Who bought today? Don't be shy.

Posted by brianklc > 2021-01-29 21:50 | Report Abuse

How u get 2.551b?

Posted by InvestigatorX > 2021-01-29 21:50 | Report Abuse

I bought a bit.

Posted by bnmacai > 2021-01-30 01:04 | Report Abuse

Have a feeling that the deal will not go through. Haiz. The edge’s fault. Screw up people’s plan.

Posted by TheContrarian > 2021-01-30 01:07 | Report Abuse

Request of suspension of Boustead shares is made under subparagraph 3.1 (b) which list the following : A notice of take-over served on a listed issuer (in this case Boustead) which the public has no prior knowledge of.

Posted by JediMaster > 2021-01-30 06:55 | Report Abuse

Congratulations. What is the offer price?

Posted by TheContrarian > 2021-01-30 08:04 | Report Abuse

Offer price will only be known on Tuesday.

Posted by JediMaster > 2021-01-30 09:28 | Report Abuse

I heard the offer is 80 cents

Posted by TheContrarian > 2021-01-30 09:58 | Report Abuse

I am hoping for 95 sen.

Posted by InvestigatorX > 2021-01-30 10:07 | Report Abuse

I heard RM1.30 because they must succeed.

Posted by TheContrarian > 2021-01-30 10:32 | Report Abuse

RM1.30 I already got from Felda.

Posted by TheContrarian > 2021-01-30 10:38 | Report Abuse

They could offer low first and see the minorities' reaction, then revise up the offer later. Selangor Properties Bhd revised upwards the offer twice before minorities responded favourably.

Posted by FAIRnREASONABLE > 2021-01-30 11:09 | Report Abuse

I agree with TheContrarian that:

"Request of suspension of Boustead shares is made under subparagraph 3.1 (b) which list the following : A notice of take-over served on a listed issuer (in this case Boustead) which the public has no prior knowledge of."

Posted by FAIRnREASONABLE > 2021-01-30 11:10 | Report Abuse

The request for suspension (yesterday evening) is made under subparagraph 3.1(b) of Practice Note 2 on Requests for Suspension of the Main Market Listing Requirements of Bursa Securities.

Posted by FAIRnREASONABLE > 2021-01-30 11:11 | Report Abuse

PRACTICE NOTE NO 2/2001 relates to REQUESTS FOR SUSPENSION

3.0 Situations which may warrant suspension
3.1 Upon a request made by a listed issuer, a suspension may be allowed by the Exchange, at its discretion, on the basis of the following reasons:-
(a) where the listed issuer requires time to prepare and release an announcement relating to a material transaction, such as:- (i) a reverse take-over; (ii) very substantial acquisition; (iii) significant change in the business direction or policy of a listed company as defined under Chapter 1 of the Listing Requirements; or (iv) any other corporate exercise which the Exchange considers to be material;

(b) where the listed issuer intends to:- (i) make a material announcement; or (ii) hold a press conference to make a material announcement, before the close of trading; or

(c) any other reason which, in the opinion of the Exchange, justifies a suspension.

Posted by FAIRnREASONABLE > 2021-01-30 11:12 | Report Abuse

3.2 Without limiting the aforesaid, any announcement relating to any of the following matters will be regarded as a material announcement for the purposes of subparagraph 3.1(b) above:-

(a) interim financial reports
(b) bonus issues or fund raising exercises;
(c) a transaction as defined under paragraph 10.02(j) of the Listing Requirements, where the percentage ratio calculated in accordance with Chapter 10 of the Listing Requirements is equal to or exceeds 25%;
(d) a change in the controlling shareholder of the listed issuer; or

(e) A NOTICE OF TAKE-OVER BEING SERVED ON A LISTED ISSUER WHICH THE PUBLIC HAS NO PRIOR KNOWLEDGE OF.


Note that (a), (b), (c) and (d) are not applicable in this case.

Hence only (e) is applicable - that is "a notice of take-over"

Posted by FAIRnREASONABLE > 2021-01-30 11:13 | Report Abuse

3.3 Listed issuers are reminded that in relation to a corporate exercise where the facts are in a state of flux and disclosure cannot as yet be made of the said corporate exercise, the listed issuers should not make requests for suspension.

Posted by FAIRnREASONABLE > 2021-01-30 11:14 | Report Abuse

clause 3.3 requires certainty in specific offer when asking for a suspension.

Posted by JediMaster > 2021-01-30 11:17 | Report Abuse

It’s going to be a major announcement as the company requested whole day suspension of it’s stock trading

Posted by Mikewg > 2021-01-30 11:18 | Report Abuse

If the announcement is relates under practice note sub paragragh 3.1(b) shall quoted as below :-

“ (b) where the listed issuer intends to:- (i) make a material announcement; or (ii) hold a press conference to make a material announcement, before the close of trading”

From this paragragh, it didn’t show any take over but it may includes variety of annoucement which include cancellation of privatisation.

Posted by Jonathan Keung > 2021-01-30 11:42 | Report Abuse

LTAT { Boustead } have roll out their game plan for the past 6-8 months before making the news announcement . They have finalised their game plan with the appointment of Amrin Awaluddin as the new CEO on January 4. Amrin stepped down as Boustead MD in November 2020. The notification to suspend trading come on the last date on their privatisation extension request to SC. Incidentally ex LTAT chief Nik Amlizan is now the new CEO head of KWAP { a substantial shareholder of Boustead } minorities will know what's in store on Feb 2

Posted by FAIRnREASONABLE > 2021-01-30 11:55 | Report Abuse

Mikewg, we need to read para 3.2 which further clarifies subpara 3.1(b).

Of the few possibilities listed, only 3.2 (e) is applicable, which is

(e) A NOTICE OF TAKE-OVER BEING SERVED ON A LISTED ISSUER WHICH THE PUBLIC HAS NO PRIOR KNOWLEDGE OF.

Posted by JediMaster > 2021-01-30 12:01 | Report Abuse

Looks to me like somebody selling the shares in the afternoon session to create an impression that there won’t be any news on the take over proposal....will see what happen next week

Posted by WL1288 > 2021-01-30 12:15 | Report Abuse

Interesting to see how is bstead gonna fund the purchase....

Posted by JediMaster > 2021-01-30 12:21 | Report Abuse

Opportunity for LTAT to privatise BSTEAD now when the share price is low...they will not get it again when the economy recovers from the effects of COVID19

Posted by FAIRnREASONABLE > 2021-01-30 12:25 | Report Abuse

The lowered closing price may be used to create the impression that the offer price is substantially higher than the closing price, and hence justify that the offer is FAIR.

Compared with the NTA, the offer will certainly NOT be REASONABLE.

Considering that BSTEAD has been making losses and may not turn around anytime soon, it is unreasonable to expect the offer to be Fair & Reasonable.

I think those who bought yesterday afternoon will not regret. Anyway we shall wait for the announcement on 2/2. Let's have a good rest over the weekend.

Posted by JediMaster > 2021-01-30 12:30 | Report Abuse

Those who bought the shares in the afternoon session are trying their luck...anyway, may the force be with you all