Dato' Sri Ng Ah Chai has notified the Co that he had entered into a conditional Share Sale Agreement with BRDB Developments S/B to buy over the latter's substantial stake in Mieco at RM0.90 per share. Upon the fulfilment of the conditions precedent, Ng is obliged to undertake a MGO to acquire the remaining shares from the rest of the shareholders.
So called independent valuer/analyst will tell you the offer is unfair (vs NTA) but reasonable (vs past 5 days or more average share price)... Haha... support at least RM1.30...
well that is how the corporate game is played big bully the minorities surely the new owner will want to buy below nta there is no incentive to buy at nta
A serious unfair takeover. At NTA of 1.54, takeover, sell the assets, but pay us peanuts of 0.90? No thanks, you can save the 90 cents to yourself. Keep holding guys. If you ain't gonna pay us fairly, then forget it.
This is a MGO not a take over. When a person buys more than 33% he is required by law to make a Mandatory General Offer for the remaining shares at the same price.
Aiya, hold what tight, better dump soon. Revenue not growing for the last 4 quarter, in fact it is dropping. last quarter excluding the gain of RM 35 mil from disposal of a subsidiary, actually making loss. See below statement from quarter report. I already cabut liao. Good luck to those stil think this shit stock is good
Group profit before tax jumped to RM31.2 million from RM3.2 million a year ago after inclusion of gain of RM35.0 million on sale of wholly-owned subsidiary, Mieco Wood Products Sdn Bhd.
@MoneyFace88 - Either you guys simply do not read them, or you are too stupid to understand. Ppl here already discussed the last QR long time ago, need you to tell?
"For the first quarter of 2016, Group revenue of RM61.4 million decreased 28% against RM85.5 million a year ago mainly due to lower production output at the Lipis Plant due to a FIRE THAT DAMAGED CERTAIN MACHINERY. An INSURANCE claim has been submitted for these losses."
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Posted by MoneyFace88 > Aug 11, 2016 09:34 PM | Report Abuse
Aiya, hold what tight, better dump soon. Revenue not growing for the last 4 quarter, in fact it is dropping. last quarter excluding the gain of RM 35 mil from disposal of a subsidiary, actually making loss. See below statement from quarter report. I already cabut liao. Good luck to those stil think this shit stock is good
Group profit before tax jumped to RM31.2 million from RM3.2 million a year ago after inclusion of gain of RM35.0 million on sale of wholly-owned subsidiary, Mieco Wood Products Sdn Bhd.
Go plot a graph from the quarter data from the link below and read the quarter report and you see yourself if I cam talking cock
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Posted by optimusprimeXV > 2016-06-20 16:49 | Report Abuse
taruh kao kao....laughdieme