If Mr Erwin inject Pepsi(KFC, McDonald sure need the drink) into Msports what will happen? If I were Mr Erwin don't announce so fast. Let Msports haters sell cheap to him.
prince many local stocks(eg Frontkn, PM Corp, etc) never give dividend yet people chase far higher. Now you can buy Msports at very cheap price(and perhaps enjoy free warrants). That's why Mr Erwin(new substantial shareholder) also interested.
Permanis CEO new substantial shareholder in Multi Sports A new substantial shareholder has emerged in Multi Sports Holdings Ltd, as Permanis Sdn Bhd’s chief executive officer (CEO) Erwin Selvarajah Peter Selvarajah purchased 5.85 million of its shares from the open market.
The China-based sports shoe soles manufacturer said in a filing to Bursa Malaysia on Tuesday, that Selvarajah had purchased the shares on September 18, 2015, bringing his total shareholdings in the company to 31.7 million shares, representing a 6.1 per cent stake.
Permanis is the manufacturer and distributor of the PepsiCo beverage franchise, which includes brands such as Pepsi, Mirinda, 7up, Revive Isotonic, Gatorade, Lipton, Tropicana and Evervess.
It is not that Lin HuoZhi no money or Msports bad to buy. If after he buy some crazy Malaysian keep want to cut loss what will happen Lin HuoZhi wealth? Same thing happen to XOX. One shareholder only buy after others(i3 members) push it up.
Answer given by Xingquan on cash call. Is their account in fraud? Are you sure local stock don't have same question if they cannot give dividend even their account show huge cash balance? If our Bursa Malaysia is good and take care of minority shareholders in Malaysia I hope they don't mind conduct special audit on one(or all even better) of China counters listed companies here cash balance(perhaps having a trip to China?). After all they are the one approving China companies listed here(to earn some fees?). A lot of minority shareholders has suffered huge losses investing in those companies by silently cutting loss. If BN lose more votes next GE due to such reason should blame Bursa Malaysia as one of the culprit. http://m.thestar.com.my/story.aspx?hl=Xingquan+explains+rationale+for+cash+call&sec=business&id=%7BEA8A9127-173D-4597-A832-7DA06C148176%7D
watch out, cash rich china shoe company are in buying spree... c banner bought hamsley, MSPORTS buying Permanis ? Make sense, they can sell Excel Isotonic ( sports drink ) all over China, which is inline with the MSPORTS name.
Well, that can be a great news if MSPORT buys Permanis but I doubt it will happen coz of Erwin's share purchase. Becoz if this were to happen, then Erwin can be questioned for insider trading. So I can't see the logic with it...
insider trading is only applicable for 6 month, meaning in 6 month time whatever Erwin bought will not be considered as insider trading. If nothing is happening between permanis and MSPORTS, why would Erwin want to by MSPORTS. There are so many other counters to buy, but why MSPORTS ? Too obvious, one is unlisted, one is listed. China has huge population, MSPORTS has huge customer base... if drinks like Excel Isotonic is to enter China via MSPORTS, permanis would be the next coca cola.
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Posted by Chinaboleh > 2015-09-28 19:46 | Report Abuse
Why cannot drop and someone keep buying? I think Msports haters must be someone selling at below 8 sen not long ago. Why no more i3 members holding Msports? All sold due to haters bad comments?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4877961