Posted by 400523 > 2016-03-10 16:35 | Report Abuse

There must be a reason they segregated their business in a re-organisation announced recently - see Bursa annoucements. Getting ready for something....For Fairfax this RM600 to 700m company is a small fry too. They bought Blackberry in the US billions!

Posted by 400523 > 2016-03-10 16:36 | Report Abuse

Now dreaming again

Posted by 400523 > 2016-03-10 16:36 | Report Abuse

Grace123 is going to murder me soon....

Posted by 400523 > 2016-03-10 16:37 | Report Abuse

ho chi kwai kum yong

Posted by 400523 > 2016-03-10 16:44 | Report Abuse

I am very sure price is set to rise once the announcement is done...either way firing of plants (1 to 2 mths time) or MGO or annual report giving enough info on RKM Powergen to analyst and shareholders. This will be the year for Mudajya like Johnny Cash says!

Posted by 400523 > 2016-03-10 16:56 | Report Abuse

chinaman...plse try to make sense of this...segregating Power from Construction...perhaps a power REIT/...any other guess...or just plain simple re-organisation? Really K Po Chi investor I am...hahah!

OTHERS MUDAJAYA GROUP BERHAD ("MGB") -INTERNAL REORGANISATION OF GROUP STRUCTURE
MUDAJAYA GROUP BERHAD

Type Announcement
Subject OTHERS

Description MUDAJAYA GROUP BERHAD ("MGB")
-INTERNAL REORGANISATION OF GROUP STRUCTURE

The Board of Directors of MGB wishes to announce that MGB has on 13 January 2016, completed the acquisition of shares from its wholly-owned subsidiary, Mudajaya Corporation Berhad, as follows:-

(a) 300,000 ordinary shares of RM1.00 each, representing 100% of the total issued and paid-up share capital of MJC Industries Sdn Bhd for a total cash consideration of RM2,533,460.00;

(b) 100,000 ordinary shares of RM1.00 each, representing 100% of the total issued and paid-up share capital of MJC Development Sdn Bhd for a total cash consideration of RM968,063.00; and

(c) 120,000 ordinary shares of RM1.00 each, representing 100% of the total issued and paid-up share capital of Mudajaya Energy Sdn Bhd for a total cash consideration of RM120,000.00.

Kindly refer to the attached document for the complete announcement.

This announcement is dated 14 January 2016.

Posted by 400523 > 2016-03-10 16:59 | Report Abuse

Must be a solid reason to do this....after so many years after IPO

Posted by 400523 > 2016-03-10 17:04 | Report Abuse

A sek fan mo yeh cho re-organisation is out of the question...so anybody can tell me why?

Posted by 400523 > 2016-03-10 17:08 | Report Abuse

OK lah hai kum yong...wait ....and wait and wait...

Posted by 400523 > 2016-03-10 17:16 | Report Abuse

The last buying spree by fairfax pushed the price up to 1.50 and dumb me bought some at that price! they bought hardly 1 million shares...so if a big buying spree comes this time..RM 2 to 2.50 or even 3.00 is not so a crazy dream eh guys...especially when we long time investors are refusing to sell at a loss!

Posted by 400523 > 2016-03-10 17:22 | Report Abuse

Am I irritating anybody?

Posted by 400523 > 2016-03-10 17:24 | Report Abuse

Grace123 ...where art thou? Please bring me back to earth....

Posted by chinaman > 2016-03-10 17:25 | Report Abuse

Dear 400523, This internal re-organisation means all assets of Mudajaya Corp. already 'transferred' to Mudajaya GROUP except construction, if I'm not mistaken. since Mudajaya Corp only left with construction business-is this subsidiary going to be cash out?

Posted by 400523 > 2016-03-10 17:35 | Report Abuse

Now this is getting complicated....so maybe the power reit thingy is possible...they have so many ongoing power plants all over in M'sia , Phillippines...Indonesia with 10.. 20 years contracts collecting stable revenue like our highway consessionaires....there I go dreaming again..There are so many prospects with the Indian Power plants up and running this year. Hope we loyal investors get back our money soon

Posted by 400523 > 2016-03-10 17:41 | Report Abuse

Solar power...wind power..coal powered plants... anto power...only small investors no power....I think I'm going mad...

Posted by kevin5059 > 2016-03-11 09:06 | Report Abuse

It look like they are heading to privatization of the business. The question is how much they would buy from us the small little fish.

Posted by 400523 > 2016-03-11 17:03 | Report Abuse

Hey guys...I have given up..sold at another loss 100 lots at 1.09 (average buy 1.24)...another loss of about 17K (plus brokerage)...all in about 130K losses in this counter..No holding power and can't bear to see it fall...

Posted by latjiu > 2016-03-11 17:36 | Report Abuse

Sorry to hear that, wish you well.

Posted by Cherrie > 2016-03-11 19:19 | Report Abuse

Hi 400523, if you still have the holding power for the remaining of Muda shares, just keep it and wait for rebound. Give one more year hope. We all are in same boat with Fairfax. They should have done their due diligence before further buying. As a substantial holder of Muda, Fairfax have the right to ask if they found any doubts and Muda must clear their doubt. Hence, their decision of buying must come with reason.

Posted by Un Tong > 2016-03-11 21:52 | Report Abuse

just few more months to power plant COD announcement dont want to wait?
not to mention on going tender of malaysia construction book

Posted by 10bagger10 > 2016-03-11 23:37 | Report Abuse

400523. Wow. Why. How.

Posted by Alfonso > 2016-03-12 10:50 | Report Abuse

fairfax also fade up with the manggala mangement style of easysuccess, fairfax always made the right decision but tis time they have made a very great mistake of believing such a lousy co. but expert in acting.

Posted by 10bagger10 > 2016-03-12 12:10 | Report Abuse

But y fairfax still buy?

Posted by 10bagger10 > 2016-03-13 09:51 | Report Abuse

Ok guys .. 400523 cut loss de.. time for the share to go up
P.s 400523, see u at 1.45.

Posted by 10bagger10 > 2016-03-13 09:52 | Report Abuse

Lol.. 400523. just kiddin ya.

Posted by 10bagger10 > 2016-03-13 09:57 | Report Abuse

How much share still in hand..

Posted by johnny cash > 2016-03-13 19:22 | Report Abuse

400523, you really sold your holdings??

Posted by johnny cash > 2016-03-13 19:24 | Report Abuse

400523, are you serious or just joking selling at losses?

Posted by Alfonso > 2016-03-14 08:53 | Report Abuse

he lost RM400,523.00 already...

Posted by 10bagger10 > 2016-03-14 18:07 | Report Abuse

400523 here?

Posted by Ricky Kiat > 2016-03-14 21:57 | Report Abuse

dumb dumb hold .... dumb dumb hold......

Posted by latjiu > 2016-03-15 09:54 | Report Abuse

engine starting?

Posted by tan5995 > 2016-03-15 10:00 | Report Abuse

too fast sold out at 1.13

Posted by latjiu > 2016-03-15 10:03 | Report Abuse

so fast? what is your buying price? most of us are still bleeding

Posted by tan5995 > 2016-03-15 10:22 | Report Abuse

I hope sell high, buy low. Ha Ha Ha !

Posted by kltan > 2016-03-15 12:02 | Report Abuse

Any good news on this counter?

Posted by latjiu > 2016-03-15 12:14 | Report Abuse

unit 3 might be ready but no news yet.

Posted by 120453 > 2016-03-15 13:14 | Report Abuse

MRT phase 2 (total 3b) contract awarding out anytime. . .

Posted by Alfonso > 2016-03-15 15:36 | Report Abuse

f lor, why up again...oh no..pls down!!

Posted by Alfonso > 2016-03-15 16:06 | Report Abuse

ya down until less than 1.00 best price to buy kau kau wan~

Posted by 120453 > 2016-03-15 16:46 | Report Abuse

Let's see mudajaya re-test 1.50 this week. Cheers!

Posted by Alfonso > 2016-03-16 10:13 | Report Abuse

pls lah..dun be so yong, drop Q abit!

Posted by Alfonso > 2016-03-16 11:18 | Report Abuse

nam nam smells something...

Posted by 120453 > 2016-03-16 12:15 | Report Abuse

Buy! Someone is sapuing 1.17

Posted by 10bagger10 > 2016-03-16 16:14 | Report Abuse

Who?

Posted by 120453 > 2016-03-17 09:48 | Report Abuse

Pecut soon . . .

Posted by Alfonso > 2016-03-17 11:53 | Report Abuse

Kecut 1st following by Pecut

Posted by rafe > 2016-03-17 17:00 | Report Abuse

The bangla management team should follow Tony's step in order to do business in India

Posted by Ricky Kiat > 2016-03-17 20:59 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5033645

Finaly ...Finaly ....dream come true...cheers...

Posted by 120453 > 2016-03-17 21:01 | Report Abuse

Time to fly tomorrow! Cheers to everyone