Posted by anbz > 2013-03-27 14:50 | Report Abuse

may be many don't understand: a letter by the majority shareholder asking the company to pay 65cents , and by the same time it means u will not own that share anymore... that's why the price is lower... and also it is selective capital reduction meaning to reduce number of share not an offer ... however if u accept u'll get that 65 cents... am i wrong??

Posted by wachin > 2013-03-27 14:51 | Report Abuse

now trade at around 0.63... after capital reduction 0.65 will be -ve... i think will be same as privatisation...

Posted by Cy Lee > 2013-03-27 14:52 | Report Abuse

also 65 cents is a steep discount to the bookvalue of the company which is 78 cents.

Posted by anbz > 2013-03-27 14:52 | Report Abuse

but don't be duped the letter only say "asking" and if u buy just now at 63.5 , u will get 65 cents but for how long if this to happen???

Posted by prc4wifefe > 2013-03-27 14:56 | Report Abuse

coz need shareholder approval also mah this proposal nia

Posted by wachin > 2013-03-27 14:59 | Report Abuse

this kind of proposal implied to 'goreng'??

Posted by anbz > 2013-03-27 15:01 | Report Abuse

may be it will not be approved ... then shareholder will not get anything even get ratus juta deal... just like MAA

Posted by user > 2013-03-27 15:03 | Report Abuse

Ask him jia sai lah, cash 0.78 per share, only offer 0.65 per share......

Posted by prc4wifefe > 2013-03-27 15:03 | Report Abuse

or shareholder can ask for more...like HLFG...

Posted by prc4wifefe > 2013-03-27 15:05 | Report Abuse

apa pula...
Please be informed that the following stock will be forbidden from DBT until 3.30 p.m., as per Bursa Trading Rule 902.2 due to material announcement:

No. Stock Code Stock Name

1. 4731 SCIENTX
2. 5097 KSK
3. 7214 ARANK
4. 8133 BHIC


These stock will only be authorized for DBT at 3.30 p.m.

Posted by kai8994 > 2013-03-27 15:22 | Report Abuse

User, just want to clarify net asset per share of 0.78 is not equivalent to cash 0.78 per share. Its cash per share is around 0.14

Posted by anbz > 2013-03-27 15:23 | Report Abuse

yeah the forbidden is actually selective forbidden ... tipu punya bursa they obey all the condition for the 3 counters for now, except KSK .. i wonder why????

Posted by Cy Lee > 2013-03-27 15:28 | Report Abuse

its only 3 cents above the avg 52 week price range of 62 cents. Geez.. offer price at least 75 cents maa, 3 cents discount we can give laaa this wan 17% discount from Bookvalue. how can laaa

Posted by prc4wifefe > 2013-03-27 15:41 | Report Abuse

dun agree lo...let them revise offer...wakakaka...what i actually understood from the announcement is that they sold off their Kurnia unit...they got tons of cash...of coz they can just keep it, but Tan Sri decided to distribute this to the shareholders...

Posted by prc4wifefe > 2013-03-27 15:50 | Report Abuse

ini chinaman banyak pandai one...if they quote higher price later itu minority shareholder ask for more...

so when announce quote even lower...

Posted by csk396 > 2013-03-27 16:12 | Report Abuse

so can buy now to keep la.

Posted by mahathir88 > 2013-03-27 16:42 | Report Abuse

dengar something big coming from KSK. Property Development. Mungkin buying another listed company also. Tapi kalau invest $$ lagi kat Kurnia Thailand & Indonesia, mampui-lah. 10 tahun these 2 companies langsung never make $$$ and turnaround. Malaysia lagi selamat.

Posted by Rose > 2013-03-27 22:46 | Report Abuse

65sen to privatize , ain't minority shareholders been shortchanged?

Posted by Cy Lee > 2013-03-28 08:47 | Report Abuse

its like buying an apple worth 78 cents with just 65 cents. Its obviously not a good deal, now lets see which "Independent" investment bank will advise the minority shareholder that its a "Fair" deal and we should accept a discount payment of 17%.

Posted by chongkonghui > 2013-03-28 09:46 | Report Abuse

Price were press so low and even rebounced now still at paperloss. Really kena makan by the big shark.

Posted by viii > 2013-03-28 09:47 | Report Abuse

at what price did you bought it?

Posted by Rose > 2013-03-28 09:50 | Report Abuse

MSWG should step in to protect the minority shareholders from being shortchanged. Nta 78 sens and they pay only 65 sens giving themselves a discount of 17% , they are very greedy and dont care a hoot about the minority, what a crying shame.

Posted by prc4wifefe > 2013-03-28 10:02 | Report Abuse

ini orang kedekut lah....orang takeover kasi premium dia kasi discount

Posted by Cy Lee > 2013-03-28 10:22 | Report Abuse

everyone vote against the proposal, either he revise the price or no pass thru.

Posted by mahathir88 > 2013-03-28 17:54 | Report Abuse

AGM April atau May. Pls vote against the proposal even though he holds more than 75% of the total shares. Ini asyik minority shareholders yang suffer, mana boleh. Buy back the shares at RM0.65 and make announcement, harga naik, dia jual balik kepada public. Apa-lah. MSWG tidur keh?

Posted by chongkonghui > 2013-03-28 18:36 | Report Abuse

My average cost RM0.659x ha ha.... holding so long for penny.

Capital repayment means after received 65sen I still hold the share (in a listed company with some cash and business)??

Posted by Cy Lee > 2013-03-29 08:54 | Report Abuse

rmb the ninian guy bought mbf? he at first offer 25 cents, then kena reject by most... then he SCR offer 65 cents, some still reject.. finally he managed to buy MBF by offering 1.75 ... so ppl that hold this counter, play hard sell.

Posted by mahathir88 > 2013-03-29 17:39 | Report Abuse

capital repayment means he takes away your share by paying you only 65sen. a lot of the share owner bought at even higher price.

Posted by Cy Lee > 2013-04-01 09:14 | Report Abuse

but this is "selective" capital repayment/reduction. Could it be an offer to institutional investors and a higher price for retails? if its for all shareholders, isnt it easier to just call it Privatisation/Capital Reduction instead of a selective one? (which requires court approval i think)

Posted by Cy Lee > 2013-04-01 10:46 | Report Abuse

or another possible scenario is he "select" himself out of the cap reduction offer and "select" all others.. means he offer 65 cents to everyone and opts out of the offer himself. means he can telan the entire 900mil+ worth company with just 400mil+ cash..

Posted by mahathir88 > 2013-04-08 15:34 | Report Abuse

he has the money after sold Kurnia Insurans to swallow all the shares at RM0.65 per share. He already owned 51% direct and another about 20% indirect shares through proxies. What selective capital repayment? No such thing. Look at what Hong Leong Bank did on EONCap shares? Selective was used but at the end swallowed up everyone.

Posted by user > 2013-04-10 09:18 | Report Abuse

Objection, don't let the shark swallow small shareholders.......

Posted by Investwise > 2013-05-11 17:18 | Report Abuse

so is this company worth to go in now for RM0.615 since the capital repayment worth RM0.65. lolx

Posted by rlch > 2013-05-11 17:42 | Report Abuse

Investwise, you can get 5% return in less than 6 months. Mr Kua is also buying at 62sen so 61.5 is half sen cheaper.

Posted by midas_max > 2013-06-24 12:52 | Report Abuse

but if tis counter gv repayment worth 0.65 sen, it price will turn negative. lol...

Posted by chongkonghui > 2013-07-19 18:52 | Report Abuse

Mr. Kua is blocking the way to collect at RM0.615.... laugh all the way to the bank.

Posted by speakup > 2024-01-10 07:45 | Report Abuse

https://www.businesstoday.com.my/2024/01/09/gdbs-unit-files-a-winding-up-petition-against-ksk-land/
habis! limit down?