lol i no geng,,,,,,,,i kiasi only,,,,,,,afterall most people have 40 cent of profit from last friday,,,,sure many wanna take profit first,,,just in case,,,,of course i also took cue from sifu Duit!
IT may have been contributed by its conclusion of a possible investment negotiation.. so, why did the price slide? will it continue to go south or go north?
Today actually can win almost rm 150,000.00 Walau damn sayang nvm maybe wait this week become 3.50 I win rm 267,000.00 Walau dream everyday dream DREAMING IS NICE BUT MOST WONT BECOME REALITY ONeZ
The Board of Directors (“the Board”) of CIH wishes to announce that Continental Resources Sdn Bhd, a wholly-owned subsidiary of CIH has on 12 May 2015 entered into an agreement with Palmtop Vegeoil Products Sdn Bhd (Company No. 266956-P) (“PALMTOP”) via a Letter of Offer to Subscribe dated 8th May 2015 (“Subscription Letter”), for the subscription of 8,250,000 new ordinary shares of RM1.00 each representing 60% of the enlarged paid up share capital of PALMTOP for a total purchase consideration of RM8.25 million (“the Proposed Acquisition”).
Please refer to the attachment for details of the Proposed Acquisition.
tomorrow sure crash already....because current price already factored in this news due to insider trade for last week....some more they are buying the company means spending money...
I think the acquisition is good. CIHLDG is holding 65 million cash on hand. Acquisition price of 7.14 million is not a big deal to the operating cash flow of the company. Furthermore, the acquisition will strengthen the core business of edible oil packaging and marketing, making it more competitive and in many ways, sharing of resources because the business is similar with CRSB. At this point, I dint see any bad side from the acquisition. But I hope there will be another fantastic acquisition as mentioned by r0032. Referring to the reply for last UMA around March, the Company is in the midst of negotiating with several parties regarding a possible Corporate Exercise. Hopefully there will be another fantastic acquisations that will announced later. I dont feel that recent rise from RM1 to RM 2.9 is due the this acquisation only. Hope tomorrow CIHLDG will continue fly!
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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....
azta12
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