unless management has controlled over Voting shares number...any voting in EGM would failed ( management cannot vote, only minority share holders can vote)---I think 55cents offer is like children "main masak-masak "
Latok say 0.55 so that many people takut and panic sell.Latok know it will not drop to 0.55 .Latok happy to collect whoever panic sell and later push up again
Gets Global: Receives takeover offer at less than one quarter of market price from major shareholders. Gets Global received an unconditional mandatory takeover offer (MTO) at 55sen per share from its two largest shareholders ADA Capital Investments Ltd and Teong Lian Aik. The takeover offer price of 55 sen is less than one quarter of Get Global’s market price
Stock [GETS]: GETS GLOBAL BHD Announcement Date 02-Dec-2020 Listing Date 03-Dec-2020 New type/class? No Type Private Placement Details Private Placement of 158,000,000 new ordinary shares in GETS Global Berhad ("Placement Shares") at an issue price of RM0.55 per Placement Share No. of shares issued 158,000,000 Issue Price Malaysian Ringgit (MYR) 0.550 Par Value - 0.000 Total NOSH 284,000,000
GETS look solid with the new Management team with proven experience. Share price is on the way up. Consolidation & collection period with strong support currently.
Went thru their diversification announcement again, factory approval with authorities obtain way back in July/August. If the old bus factory is being converted into a glove factory, I think they will get start production earlier than originally expected?? Why is there no guidance from the Owners on the plan? They are secretive because they have bigger plans or just like AT etc.?
United Arab Emirates Claims China’s Sinopharm Vaccine Is 100% Effective At Preventing Moderate And Severe Covid-19
TOPLINE The experimental vaccine developed by China National Pharmaceutical Group, also known as Sinopharm, is 86% effective at preventing Covid-19 infection and 100% effective at preventing severe and moderate disease, health officials from the United Arab Emirates announced Wednesday, although with scarce detail provided abUnited Arab Emirates Claims China’s Sinopharm Vaccine Is 100% Effective At Preventing Moderate And Severe Covid-19out the trial.
The UAE health ministry cited an interim analysis of a late-stage clinical trial involving 31,000 volunteers as the source of its information, though neither they nor Sinopharm provided any data from the trial to validate the claims such as how many participants were infected or how many actually received the vaccine.
The ministry said “no serious safety concerns” were observed, though, again, no information on side effects was provided.
The ministry said the announcement is a “significant vote of confidence by the UAE’s health authorities in the safety and efficacy of this vaccine.”
The ministry added that it had officially registered the vaccine at the request of the manufacturer, which it says could eventually lead to the shot’s widespread authorization.
Upcoming AGM hopefully the Owners will share their plans. I think their quarter earnings report will be ugly as I'm sure there's no revenue since the takeover.
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....
Jjkcl
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Posted by Jjkcl > 2020-12-01 13:46 | Report Abuse
More to down trend