LCTH CORPORATION BHD

KLSE (MYR): LCTH (5092)

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Last Price

0.575

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


6 people like this.

3,733 comment(s). Last comment by Timie 2018-06-19 11:57

Posted by Chan Yew Kee > 2018-01-05 18:27 | Report Abuse

why the time extension by 2 weeks to finish the assessments n make a recommendation? Is there possibility of hidden assets? or something else which cannot be confirmed? Hopefully there is some hidden assets.

miker

722 posts

Posted by miker > 2018-01-10 10:45 | Report Abuse

We refer to the announcements dated 7 December 2017, 4 January 2018 and 5 January 2018 in relation to the Proposed SCR.



In accordance with Paragraph 3.06 of the Rules on Take-Overs, Mergers and Compulsory Acquisitions 2016, the Board (save for the interested directors who are the persons acting in concert with Fu Yu Investment Pte Ltd, being Hew Lien Lee, Tam Wai, Ho Nee Kit and Ching Heng Yang (collectively, the “Interested Directors”)), had on 8 January 2018 appointed Mercury Securities Sdn Bhd as the Independent Adviser to provide comments, opinions, information and recommendations to the Board (save for the Interested Directors) and to the entitled shareholders in respect of the Proposed SCR.



This announcement is dated 8 January 2018.

Peter2357

594 posts

Posted by Peter2357 > 2018-01-10 20:22 | Report Abuse

Annual Report 2016...
Mr.Fong Siling(cold eye) is the no.5 largest shareholder.

Posted by Intelinvestor13 > 2018-01-11 09:53 | Report Abuse

Barring any unforeseen circumstances and subject to LCTH obtaining the necessary approvals
and/or consents from the relevant authorities/parties as disclosed in Section 5 of this
announcement, the Proposed SCR is expected to be completed in the second quarter of 2018.

miker

722 posts

Posted by miker > 2018-01-12 10:13 | Report Abuse

LCTH is no HOVID

miker

722 posts

Posted by miker > 2018-01-12 10:16 | Report Abuse

PAC already on their side.

miker

722 posts

Posted by miker > 2018-01-12 10:23 | Report Abuse

No resistance at all to SCR, else the price should hanging around 0.575...minorities are 'forced' to accept the SCR.

wan7075

239 posts

Posted by wan7075 > 2018-01-12 18:08 | Report Abuse

Cold eye manage to fail the SCR with his holding qty?

IANFUJI

277 posts

Posted by IANFUJI > 2018-01-23 13:43 | Report Abuse

Still not moving...

miker

722 posts

Posted by miker > 2018-01-23 14:58 | Report Abuse

Before EGM, this counter can be considered already dead lol.

IANFUJI

277 posts

Posted by IANFUJI > 2018-01-24 15:07 | Report Abuse

Start moving and expected to move higher.

Anything

42 posts

Posted by Anything > 2018-01-25 15:04 | Report Abuse

when would be the announcement??

1nv3st0r

29 posts

Posted by 1nv3st0r > 2018-01-30 13:16 | Report Abuse

No announcement?

Posted by greatest94 > 2018-02-15 07:11 | Report Abuse

EGM on 8 March

miker

722 posts

Posted by miker > 2018-02-15 09:38 | Report Abuse

Type of Meeting Extraordinary General Meeting
Indicator Notice of Meeting
Description LCTH CORPORATION BERHAD ("LCTH")
-Notice of the Extraordinary General Meeting ("EGM")

Enclosed Notice of the EGM of LCTH dated 14 February 2018 to convene the EGM on 8 March 2018.
Date of Meeting 08 Mar 2018
Time 02:00 PM
Venue Kayangan Suite, Pulai Springs Resort, 20KM Jalan Pontian Lama, 81110 Pulai, Johor, Malaysia
Date of General Meeting Record of Depositors 02 Mar 2018

miker

722 posts

Posted by miker > 2018-02-15 09:42 | Report Abuse

How many of you will accept or reject the 0.58 cent offer?

miker

722 posts

Posted by miker > 2018-02-15 09:50 | Report Abuse

...
...
In arriving at our conclusion and recommendation, we have considered the fairness and
reasonableness of the Proposed SCR based on all relevant and pertinent factors as
summarised below which you should carefully consider before voting on the Special Resolution
pertaining to the Proposed SCR to be tabled at the forthcoming EGM:-

Fairness
We view the Proposed SCR as NOT FAIR in view that the SCR Cash Amount of
RM0.58 is lower than and represents a discount of 9.38% to the estimated value
per LCTH Share of RM0.64.

Reasonableness
We view the Proposed SCR as REASONABLE in view of the following:-
(i) The SCR Cash Amount is:-
(a) higher than the daily VWAPs of LCTH Shares for 99% of the Market
Days in the past 1 year before the date of the SCR Offer Letter up to the
LPD, representing a premium of 8.33% over the VWAP of LCTH Shares
for the said period of RM0.5354; and
(b) higher than the daily VWAPs of LCTH Shares for 85% of the Market
Days in the past 3 years before the date of the SCR Offer Letter up to
the LPD, representing a premium of 10.18% over the VWAP of LCTH
Shares for the said period of RM0.5264.
(ii) The SCR Cash Amount represents a premium of between 4.37% and
31.82% over the 1-year VWAP up to the last traded market price of the LCTH
Shares on the LTD;
(iii) The LCTH Shares are illiquid, with a simple average monthly trading volumeto-free
float for the past 6 months up to November 2017 (being the last full
trading month prior to the LTD) of 3.88%; and
(iv) As at the LPD, LCTH has not received any alternative offer for the LCTH
Shares or any other offer to acquire its assets and liabilities. In view that the
Non-Entitled Shareholder currently holds a controlling stake of more than
70% equity interest in LCTH, any such offer will not be successful unless with
the support of the Non-Entitled Shareholder.

Recommendation
Premised on the above, Mercury Securities is of the view that the Proposed SCR is NOT FAIR
but REASONABLE.
Accordingly, we recommend that the Entitled Shareholders VOTE IN FAVOUR of the Special
Resolution pertaining to the Proposed SCR to be tabled at the forthcoming EGM.
...
...

miker

722 posts

Posted by miker > 2018-02-15 11:02 | Report Abuse

...."WE RECOMMEND THAT THE ENTITLED SHAREHOLDERS VOTE IN FAVOUR OF THE SPECIAL RESOLUTION"...

aliyusof

1,388 posts

Posted by aliyusof > 2018-02-22 10:57 | Report Abuse

Mercury Securities view: 'offer not fair but reasonable'.... What sort of recommendation is this?? Actually it is not fair but to say 'reasonable' is not offend major shareholders who pay their fee. Read it as not fair and unreasonable, in reality, as i personally opine it.

PenguinDad

1,731 posts

Posted by PenguinDad > 2018-02-22 14:58 | Report Abuse

Not fair becos the value is about RM0.64 but reasonable becos the average of the share price during that period is around RM0.58. However, everybody know the share price can be controlled by the sharks.

pangolin

870 posts

Posted by pangolin > 2018-02-22 18:29 | Report Abuse

need at least 3 months time from now .... duit only masuk pocket

k3nthiew

459 posts

Posted by k3nthiew > 2018-03-07 11:04 | Report Abuse

anyone attending EGM tmrw??

k3nthiew

459 posts

Posted by k3nthiew > 2018-03-08 15:43 | Report Abuse

how? how? how? Anyone?

Posted by Intelinvestor13 > 2018-03-08 16:40 | Report Abuse

how's the EGM going?

Posted by Intelinvestor13 > 2018-03-08 19:14 | Report Abuse

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF LCTH PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 (“PROPOSED SCR”)

The terms used herein shall have the same meaning as those defined in the announcement made on 10 January 2018 unless otherwise stated.

We refer to the announcements dated 7 December 2017, 14 December 2017, 4 January 2018, 5 January 2018, 8 January 2018, 10 January 2018, 12 January 2018 and 13 February 2018 and the circular to shareholders dated 14 February 2018 in relation to the Proposed SCR.

On behalf of the Board, RHB Investment Bank wishes to announce that the Entitled Shareholders of the Company have approved the Special Resolution set out in the Notice of EGM dated 14 February 2018 in respect of the Proposed SCR (“Special Resolution”), at the EGM of the Company held today, 8 March 2018.

The Special Resolution is to be approved by a majority in number of shareholders and at least 75% in value to the votes attached to disinterested shares that are cast either in person or by proxy at the EGM of LCTH, provided that the value of votes cast against the resolution for the Proposed SCR at the EGM is not more than 10% of the votes attaching to all disinterested shares of the total voting shares of LCTH.

Based on the poll results, 74.07% in number and 98.57% in value to the votes attached to disinterested shares that were cast either in person or by proxy at the EGM voted in favour of the Special Resolution. Further, 0.18% of the votes attached to all disinterested shares of the total voting shares of LCTH voted against the Special Resolution. Therefore, the Special Resolution was carried.

The application to the High Court to seek the confirmation for the reduction of share capital under Section 116 of the Act will be lodged in due course.

This announcement is dated 8 March 2018.

miker

722 posts

Posted by miker > 2018-03-08 20:53 | Report Abuse

Accept it or not, it is 58 cents

wan7075

239 posts

Posted by wan7075 > 2018-03-09 16:56 | Report Abuse

Hope the refund process can be faster

wan7075

239 posts

Posted by wan7075 > 2018-03-09 22:56 | Report Abuse

Hope can get my money back quickly!

Posted by newbiehk2014 > 2018-03-11 22:02 | Report Abuse

sold de

clementlee

425 posts

Posted by clementlee > 2018-03-13 11:00 | Report Abuse

so the offer is passed ? with lcth cash in hand , it might equivalent to 30cts in share...it mean without the offer, the price only value at rm0.28 ?...cheap or not ?

clementlee

425 posts

Posted by clementlee > 2018-03-13 11:01 | Report Abuse

heard got some group try to block this offer ..but is it too late liao ?

hoplanner

287 posts

Posted by hoplanner > 2018-03-14 23:06 | Report Abuse

Too late. HCourt cld only approve 2 mths fr now.

clementlee

425 posts

Posted by clementlee > 2018-03-16 09:53 | Report Abuse

any possibility that court reject this offer ? or , if someone file objection on this ?

pangolin

870 posts

Posted by pangolin > 2018-03-31 21:57 | Report Abuse

2 more months to go ..... hope can settle it ... fast

Lim Tek Wai

2,389 posts

Posted by Lim Tek Wai > 2018-04-03 16:04 | Report Abuse

No announcement?

pangolin

870 posts

Posted by pangolin > 2018-04-16 15:36 | Report Abuse

possible announce special div 5c b4 game over ??

pangolin

870 posts

Posted by pangolin > 2018-05-13 15:45 | Report Abuse

NO NEWS AT ALL ???

PenguinDad

1,731 posts

Posted by PenguinDad > 2018-05-15 14:54 | Report Abuse

If special div RM0.05 and cash back RM0.58 then it will be total of RM0.63.
Not bad!

firehawk

4,292 posts

Posted by firehawk > 2018-05-15 17:23 | Report Abuse

Court order obtained yesterday.

pangolin

870 posts

Posted by pangolin > 2018-05-16 22:04 | Report Abuse

penguin dad ...... sorry ... is 0.005 .... half cents ..... 5 cents is mission impossible ....

pangolin

870 posts

Posted by pangolin > 2018-05-18 18:55 | Report Abuse

finally ..... 8th can get durian jatuh

pangolin

870 posts

Posted by pangolin > 2018-05-18 19:16 | Report Abuse

finally .... 8th june durian jatuh

kanon

1 posts

Posted by kanon > 2018-05-18 23:56 | Report Abuse

Anyone knows any procedure need to be done by me for the repayment? thanks

PenguinDad

1,731 posts

Posted by PenguinDad > 2018-05-21 11:48 | Report Abuse

pangolin, I think the management decide to keep the special div for themselves.

pangolin

870 posts

Posted by pangolin > 2018-05-22 23:15 | Report Abuse

Peguindad ... u r right ! durian kampong u take ..... there take musang king ....

aliyusof

1,388 posts

Posted by aliyusof > 2018-06-13 17:41 | Report Abuse

The refund for the shares under the SCR has already been sent to my account. However, the shares are still shown in my on line CDS account as of today. Wonder why? Same thing happen to any one here?

Posted by Chinchan > 2018-06-16 17:58 | Report Abuse

same to me @aliyusof

Timie

338 posts

Posted by Timie > 2018-06-19 11:57 | Report Abuse

same here

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