Posted by yjinnvy > 2017-12-11 10:47 | Report Abuse

I think they are likely to see the price maintain at this level, so that shareholders will agree with their privatise price.

Posted by miker > 2017-12-11 13:35 | Report Abuse

press the price, so 0.58 is very attractive. We don't know if there are proxies in the ~30% portion

Posted by miker > 2017-12-11 13:35 | Report Abuse

Who represent the minorities???

Posted by fl888 > 2017-12-11 20:02 | Report Abuse

Wait for independent advisor on this offer and see ..

Posted by fl888 > 2017-12-12 11:45 | Report Abuse

no revaluation of property has been done since 2014' maybe NTA of 58 will increase if revaluation done now,,,,

Posted by PenguinDad > 2017-12-12 15:20 | Report Abuse

JB land value has increased over the years due to China investment and closest to Singapore. The NTA is not reflecting the true value of the company.

Posted by ahdi > 2017-12-14 11:22 | Report Abuse

bought average price at 0.535 3000000 units, thanks all the sochai sold to me.

Posted by fl888 > 2017-12-14 11:47 | Report Abuse

Why so long no news of the Board independent directors not commented on this yet, still sleeping ?

Posted by miker > 2017-12-15 06:57 | Report Abuse

Price need to be pushed above 0.58 to make the offer un attractive....

Posted by fl888 > 2017-12-15 10:59 | Report Abuse

Why the Offerers and PAC cannot even maintain the share price to 58 cts to justify their proposal unless there is a hidden agenda..

Posted by miker > 2017-12-15 12:31 | Report Abuse

The 'created' situation....

Posted by miker > 2017-12-15 12:33 | Report Abuse

looks like the offer is very attractive

Posted by miker > 2017-12-15 12:34 | Report Abuse

See the HOVID case

Posted by pangolin > 2017-12-15 14:44 | Report Abuse

when whole process can be done ?? 3 month time ?? after cny ??

Posted by Chan Yew Kee > 2017-12-15 21:00 | Report Abuse

In HOVID case , announcement of takeover was on 10-10-17 and advisor recommended shareholders to accept the offer on 9-11-17. It is reasonable to assume the whole process should be around 2 months and payment less than 3 months.

Posted by pangolin > 2017-12-16 15:39 | Report Abuse

good lah ....have some bullet to look other counter after 3 months

Posted by miker > 2017-12-18 09:51 | Report Abuse

We refer to our announcement dated 7 December 2017 in relation to the receipt of a letter from Fu Yu Corporation Limited, on behalf of Fu Yu Investment Pte Ltd requesting the Company to undertake a selective capital reduction and repayment exercise pursuant to Section 116 of the Companies Act, 2016.

The Board of Directors of LCTH has appointed RHB Investment Bank Berhad as the Principal Adviser for the Proposed SCR.

This announcement is dated 14 December 2017.

Posted by fl888 > 2017-12-18 10:22 | Report Abuse

If RHB factored the appreciation of the JB land and the hidden agenda of the future planned expansion by Fu Yu, the offer price should be more than 58 cts,,,,

Posted by fl888 > 2017-12-28 19:23 | Report Abuse

Why so long RHB has not come out with their advice on 58cts takeover?

Posted by Ktteh > 2017-12-28 22:27 | Report Abuse

Look like they will ask to extend few week to calculate properly

Posted by miker > 2018-01-02 16:57 | Report Abuse

No way out. Cannot push up the price as HOVID. 'They' will make sure the price will be below 0.58, making the offer at 0.58 is very attractive! At this moment 'all' agreed to the Fu Yu offer.

Posted by fl888 > 2018-01-02 21:49 | Report Abuse

All the other directors acting in concert with Fu a Yu....??

Posted by firehawk > 2018-01-03 10:36 | Report Abuse

so yam gong ctr ... ;-(

Posted by Anything > 2018-01-03 10:45 | Report Abuse

newbie here. what happen now?? when can we know the result? 5jan?

Posted by wan7075 > 2018-01-03 11:22 | Report Abuse

if deal cancel then all die...

Posted by Ktteh > 2018-01-03 22:29 | Report Abuse

If the deal cancel mean director felt that LCTH is worth more than 58s...

Posted by fl888 > 2018-01-03 23:34 | Report Abuse

Giving NTA price is not fair as LCTH has built a lot of tangibles and intangibles assets and goodwill , transparent or non transparent hidden by Fu Yu, which could be good or bad...

Posted by fl888 > 2018-01-04 11:31 | Report Abuse

looks like RHB having problems or do not know to come out with LCTH valuation advice to shareholders......2 weeks already..

Posted by taitaumau > 2018-01-04 20:29 | Report Abuse

As announced by the company to-night

On behalf of the Board, RHB Investment Bank Berhad wishes to announce that the Company had on 4 January 2018 written to the Board of Directors of Fu Yu Corporation Limited to request for an extension of time from 5 January 2018 up to 19 January 2018 for LCTH to respond to Fu Yu Corporation Limited with its decision as to whether to take steps to implement the Proposed SCR and to recommend the Proposed SCR to the shareholders of LCTH for consideration.

- hopefully, Fu Yu will agree to the proposed extension of time

Posted by splaw > 2018-01-04 20:57 | Report Abuse

Yup. Hopefully it will not turned out be like MWE case.

Posted by Intelinvestor13 > 2018-01-05 14:47 | Report Abuse

On behalf of the Board, RHB Investment Bank Berhad wishes to announce that Fu Yu Corporation Limited had vide its letter dated 5 January 2018, resolved to grant the Company an extension of time from 5 January 2018 until 19 January 2018 to respond to Fu Yu Corporation Limited with its decision as to whether to take steps to implement the Proposed SCR and to recommend the Proposed SCR to the shareholders of LCTH for consideration.



Save for the extension of time for the Company to respond to Fu Yu Corporation Limited, all other terms and conditions as stated in the SCR Offer Letter remain unchanged.

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.

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.

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.

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

LCTH is no HOVID

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

PAC already on their side.

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.

Posted by miker > 2018-01-12 12:20 | Report Abuse

At 0.58, Cold eye pun rugi byk


Peter2357 Annual Report 2016...
Mr.Fong Siling(cold eye) is the no.5 largest shareholder.

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

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

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

Still not moving...

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

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

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

Start moving and expected to move higher.

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

when would be the announcement??

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

No announcement?

Posted by miker > 2018-02-14 09:39 | Report Abuse

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



On behalf of the Board, RHB Investment Bank wishes to announce that the Securities Commission Malaysia had, vide its letter dated 13 February 2018, informed that they have no further comments on the circular in relation to the Proposed SCR.



This announcement is dated 13 February 2018.

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

EGM on 8 March

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

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

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

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.
...
...