Posted by Good123 > 2019-10-17 08:17 | Report Abuse

top 30 shareholders hold 99.5% of total shares issued as per annual. report 2018 :)

Posted by Good123 > 2019-10-17 08:39 | Report Abuse

probably ayala has decided to privatize it now. it seems quite impossible to resolve the public shareholding spread as top 30 shareholders hold 99.5% of total issued shares. their entry prices were few times current price. they must be reluctant to dilute their shareholdings at great loss based on current price level. see how high the share price could recover before privatization if any :)

Posted by Good123 > 2019-10-17 08:51 | Report Abuse

ya lah, siapa cepat siapa dapat Hari ini :)

Posted by Good123 > 2019-10-17 08:51 | Report Abuse

quick quick :p

Posted by Good123 > 2019-10-17 08:52 | Report Abuse

nothing could stop its upswing :)

Posted by Good123 > 2019-10-17 08:53 | Report Abuse

a few new millionaires will emerge soon out of this stock hopefully :)

Posted by Good123 > 2019-10-17 08:54 | Report Abuse

the dominant strategy now is to buy, do nothing apa pun tak dapat, game theory ajar :)

Posted by Good123 > 2019-10-17 08:55 | Report Abuse

yesterday traded volume was more than times the day before. hari even more , fingers crossed

Posted by Good123 > 2019-10-17 08:57 | Report Abuse

29 of the top 30 shareholders could rush in to buy more to sell to ayala at much price later also :)

Posted by Good123 > 2019-10-17 09:08 | Report Abuse

net assets per share 61sen , zero gearing, profitable company, retained profits about rm500mil, net cash position, etc. offer price for PRIVATISATION should be more than 50sen in order for the top 30 shareholders to accept if any ... dulu MGO gagal due to this issue probably :)

Posted by Good123 > 2019-10-17 09:09 | Report Abuse

buy now sell to Ayala later :)

Posted by Good123 > 2019-10-17 09:10 | Report Abuse

so early,more than 200,000 shares traded :)

Posted by Good123 > 2019-10-17 09:12 | Report Abuse

wow about half a million shares traded now bravo

Posted by Good123 > 2019-10-17 09:14 | Report Abuse

23sen sudah wow

Posted by Good123 > 2019-10-17 09:21 | Report Abuse

close to 1mil shares traded so early

Posted by Good123 > 2019-10-17 09:22 | Report Abuse

more than 1.2 mil shares traded wow 23 sen

Posted by Good123 > 2019-10-17 09:23 | Report Abuse

go go Ayala MCT

Posted by Good123 > 2019-10-17 09:24 | Report Abuse

this is just the beginning, hold your breath

Posted by Good123 > 2019-10-17 09:28 | Report Abuse

people baru nampak this jewel on bursa now.. better late than never

Posted by Good123 > 2019-10-17 09:29 | Report Abuse

likely close between 25 and 30sen today

Posted by Good123 > 2019-10-17 09:31 | Report Abuse

24sen now still a long way on the way up

Posted by Good123 > 2019-10-17 09:32 | Report Abuse

1.6mil shares traded up2now

Posted by Good123 > 2019-10-17 09:33 | Report Abuse

7mil shares in retailer non-top 30 shareholders' hand

Posted by Good123 > 2019-10-17 09:33 | Report Abuse

the upswing has just started :)

Posted by Good123 > 2019-10-17 09:38 | Report Abuse

goh could buyback his shares from the open market for resale to Ayala later , smart maybe

According to MCT's 2018 annual report, Goh was appointed to the board as non-independent executive deputy chairman on April 1, 2015, before being redesignated as non-independent non-executive director on Nov 30, 2016.

His direct stake in the company has been pared down from 10.46% as at April 4 last year to 5.86% as at April 4 this year.

MCT shares slipped 0.5 sen or 1.09% today to close at 45.5 sen, giving it a market capitalisation of RM662.93 million. The stock has fallen 48% from a year ago.

Posted by Good123 > 2019-10-17 09:39 | Report Abuse

he had sold MCT shares to Ayala few times... likely he buyback cheaply to sell to Ayala later :)

Posted by Good123 > 2019-10-17 09:42 | Report Abuse

buy rate 60%

Posted by Good123 > 2019-10-17 09:42 | Report Abuse

just the beginning, let the ikan bilis earn 2-3sen to cabut 1st on the way up :)

Posted by Good123 > 2019-10-17 09:58 | Report Abuse

about 2mil shares traded.. before lunch break 25sen dapat easily I guess

Posted by Good123 > 2019-10-17 09:59 | Report Abuse

so early , almost twice yesterday's volume.. so determined to buy

Posted by Good123 > 2019-10-17 10:00 | Report Abuse

back to 30-50sen soon, pending privatisation by Ayala...

Posted by Good123 > 2019-10-17 10:03 | Report Abuse

2mil shares traded... sudden upward acceleration

Posted by Good123 > 2019-10-17 10:55 | Report Abuse

be patient biarkan ikan bilis dapat 2-3sen Jual dulu :)

Posted by Good123 > 2019-10-17 10:55 | Report Abuse

Yang Dah cukup makan keluar Dulu

Posted by Good123 > 2019-10-17 10:56 | Report Abuse

mau pulangan lumayan mesti sabar

Posted by Good123 > 2019-10-17 11:02 | Report Abuse

Patience is a virtue. The ability to wait for something without getting angry or upset is a valuable quality in a person.

Posted by Good123 > 2019-10-17 11:39 | Report Abuse

already doubled yesterday punya volume tradef

Posted by Good123 > 2019-10-17 11:40 | Report Abuse

this stock is becoming active for a Reason, be patient ...

Posted by Good123 > 2019-10-17 11:41 | Report Abuse

2.6mil shares traded till now Belum half day at 12!30pm

Posted by Good123 > 2019-10-17 11:41 | Report Abuse

Masih banyak masa lagi Hari ini

Posted by Good123 > 2019-10-17 11:43 | Report Abuse

just enjoy the journey , see u above 30sen :)

Posted by Good123 > 2019-10-17 14:33 | Report Abuse

whether privatization or resolving shareholding spread, share price must go , tak kan mau dilute dengan kerugian besar bagi top 30 shareholders 99.5% stake

Posted by Good123 > 2019-10-17 14:35 | Report Abuse

only price goes up will not rugikan top 30 shareholders jika mau private placement

Posted by Good123 > 2019-10-17 14:35 | Report Abuse

ataupun privatization oleh Ayala, habis cerita

Posted by Good123 > 2019-10-17 14:38 | Report Abuse

I think ayala doesn't want the headache , just private cheaply now and relist in 2021/22 macam AirAsia Philippines

Posted by Good123 > 2019-10-17 14:42 | Report Abuse

last year 88sen, now maybe

KUALA LUMPUR: Philippine-listed Ayala Land Inc will invest RM202.5 million to raise its stake in MCT Bhd to 50.19%, which will trigger a mandatory takeover offer for the remaining shares at 88 sen per share.

The takeover price is a 12.8% premium over MCT’s last traded price of 78 sen yesterday before trading of its shares was halted at 2.49pm for one hour with a 6% premium over the stock’s closing price of 83 sen, with a market capitalisation of RM1.1 billion.

Ayala Land said the increase in ownership of MCT will provide it with greater opportunity to take advantage of the growth potential and long-term prospects of the real estate sector in Malaysia and will affirm Ayala Land as a key player in the Asean property sector.

In a filing with Bursa Malaysia yesterday, MCT said it has received a letter of notification from Regent Wise Investments Ltd (RWIL), a wholly-owned subsidiary of Ayala Land, that it had entered into a conditional share purchase agreement (SPA) with MCT’s non-executive director Tan Sri Goh Ming Choon to acquire 230.12 million shares or a 17.24% stake in MCT for RM202.5 million in cash or 88 sen per share.

Upon completion of the proposed acquisition, RWIL’s shareholding in MCT will increase from 32.95% to 50.19%.

Upon fulfilment of the condition precedent under the SPA, RWIL will be obliged to extend a mandatory takeover offer to buy the outstanding shares in MCT for 88 sen per share as its shareholding crosses the 33% threshold.

“The condition precedent involves obtaining a waiver from Bursa Malaysia Securities Clearing Sdn Bhd to allow for 51% of the cash consideration to be settled in tranches to the vendor,” said MCT.

MCT added that it will appoint an independent adviser upon receipt of the notice of the offer to advise the board of directors and shareholders.

This confirmed a report by The Edge Malaysia weekly in July last year, saying Ayala was planning to tighten its grip on MCT by buying a controlling stake from the group’s co-founders — Goh and Datuk Seri Tong Seech Wi.

The article also mentioned that the acquisition would lead to a mandatory general offer (MGO).

However, MCT had then denied the report, saying “there is no discussion among shareholders for a MGO or buyout”.

In a separate filing with the Philippines Stock Exchange, Ayala Land chief financial officer Augusto D Bengzon said the increase in ownership of MCT will strengthen Ayala Land’s commitment to enhance MCT operations and expand its business further.

“With Ayala Land’s solid track record in developing large-scale, integrated, mixed-use and sustainable estates across the Philippines and in growing its diversified product lines, we believe it is in a highly capable position to boost the performance and enhance the value of MCT.”

MCT chief executive officer Jose Juan Z Jugo told The Edge Financial Daily in an email yesterday that the group will have greater access to the best practices, procedures and expertise of its major shareholder, Ayala Land, upon completion of the proposed acquisition.

“This will allow MCT to better tap into Ayala’s vast experience and knowledge in property development, as we work on achieving our own goals in Malaysia. With one of Asean’s largest property developers as our controlling shareholder, I expect MCT to evolve much better and much faster in the local market,” he said.

Jugo also said Ayala’s decision to increase its shareholding is a “clear signal” of the latter’s confidence in MCT.

“Ayala Land is determined in expanding its presence regionally, and it has chosen to make us a bigger part of that mission. As a subsidiary of Ayala Land, our internal goals will have to support the overall objectives of our parent company. Being part of a much larger and much older organisation can only bring good things to MCT as we ourselves move towards growth in Malaysia.”

MCT was listed on the Main Market of Bursa Malaysia in April 2015 following a reverse takeover of GW Plastics Holdings Bhd, whose core business was sold to industrial packaging maker Scientex Bhd.

Ayala Land surfaced as a substantial shareholder in MCT with a 9.17% stake in April 2015, and raised its interest to the current 32.95% in October 2015.

For the first financial quarter ended Sept 30, 2017 (1QFY18), MCT’s net profit fell 34.3% to RM10.55 million from RM16.06 million a year ago. Revenue dropped 39.4% to RM94.04 million from RM155.27 million in 1QFY17, as most of the projects were nearing the completion stage and there were no new launches in the current quarter under review.

The property development segment contributed 87% of the group’s total business in 1QFY18.

Posted by Good123 > 2019-10-17 14:43 | Report Abuse

last year 88sen not successful the offer? :)

Posted by Good123 > 2019-10-17 14:45 | Report Abuse

ya lah ,ayala came to do biz , dont like shareholding spread kacau as a big corporation

Posted by Good123 > 2019-10-17 14:48 | Report Abuse

must offer a good price, ikan bilis holds 0.5% vs 99.5% held by top 30 shareholders.. they wont go if the price offered isn't attractive..last year 88sen juga tak berjaya

Posted by Good123 > 2019-10-17 14:50 | Report Abuse

can test the market with the same last year's offer at 88sen first.if tak ok, tambah lagi sampai jadi :)