"Aurora Mulia had been increasing its stake in Media Prima between July 2 and Sept 11 last year through off-market transactions at a premium price of 60 sen a share. At the time, Media Prima shares were trading between 47 sen and 48.5 sen.
According to the rules on takeovers, mergers and compulsory acquisitions, a mandatory general offer to take the company private will have to be undertaken if Syed Mokhtar further increases Aurora Mulia’s stake in Media Prima by more than 2%."
Syed mokhtar bought media shares at 60sen premium . Epf keep disposing , so Aurora mulia need to buy for averaging their cost thus increase their stake in media prima then privatise it?
Yes, certainly got hope. After internal restructuring, now Media is much more lean and costs is much lesser. MCO, more people is watching TV, free air time.
Invest long term in Media simply because TV3 is still running full steam ahead with or without Covid19. Also TV3 is in U Tube, some dramas with Eng subs. Since the respond is good, more iklan is coming in.
At this price, there's very little risk. This company not even supposed to get to this price level. Media never did any share dilution exercises like other stocks so when wanna push it won't be so heavy to do so. After getting rid of non-productive assets, their NTA is at least 50 cents. The catalyst for it to move upwards will be its turnaround story.
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Posted by mfbs > 2020-04-27 11:55 | Report Abuse
https://www.theedgemarkets.com/article/media-prima-mulling-privatisation-%E2%80%94-sources