I think I owe one thousand apologies to many "commentators" in this OSK column; especially Moi, SinGor, GheeKong, sephiroth, babu, etc. for myself being so negative and so critical on the proposals and so sure that the merger would not be allowed. Now that the Securities Commission has approved the proposals, will there be celebrations all round. OR ...er er ..do we still have to wait for the approvals of Bursa Malaysia???? If so; WHEN will the approvals come? Still have to wait.
Next, company will call for EGM for shareholder to approve. There will be independent advisors that will advise minority shareholder whether to reject or accept the proposal.
Hanting999,no apology needed. All points of view are welcome. Ong has given his personal guaranty during agm,that is good enough for me. Many thanks to those who have provided so much information on Osk holdings.
Ya.. Hanting999 what apology? Let's together we make some money
I suppose Bursa approval would be required for the listing of the new shares warrant to be issued... byt just formality ler
The big SC hurdle has been crossed... market will react positively today... as the approval from the OSK MI is almost certain.. I myself will give OLH a yes and a flying kiss
Now that the PN 17 problem has been addressed... the neither here nor there about 10% stake in RHB can be sold... for 2 billions some have said... a lot of money... a lot of second special dividend possibility...
Truth seeker, under the merger proposal, olh cannot even buy 1 shares in the open market for all 3 co oskh,oskp,pjd coz if he did, he will be entitle to div n free warrants and more importantly conflict of interest
Singor, so fast cny 2016 lai liau, kikiki, must be dreaming, too damn much purple notes falling from the sky
Example: I got 5000 share of PJD, right now OSK is offering RM 1.56 of 5 share to exchange with the new share of OSK Holding of RM 1.95 for 4 share.
Based on current price of OSK Holding (~RM2.2) then if the deal sucessfully approved by all the shareholder then PJD holder is enjoying the deal by exchanging the OSK price at RM2.2.
Moreover: May have free warrant of every 4 OSK share and special dividend of what I heard is 15 cents per share.
The future of new merging OSK Holding is very bright!!! Based on blog below:
Ok....If the deal rejected...then PJD price will sure shot up again....no harm to buy PJD now as we guarantee can earn at least 6 cents (based on current price at RM1.5 for PJD)
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pjdev not too undervalue if all its warrant covert to mother right now i suggest pjdev shareholder throw mother switch to OSK better OSK undervalue if pjdev + oskprop join to OSK the price will be double from now !
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....
SinGor
4,931 posts
Posted by SinGor > 2015-05-12 19:11 | Report Abuse
Thank You--Justin Ngo. YES!YES!YES! Iron Shirt Chi Kung --No more