Posted by FX Lee > Sep 28, 2014 05:32 PM | Report Abuse
Before budget play in October, from the past record our market usually appreciates 2 weeks before the budget date. Hence we list out some of the possible event that may come out from this budget 2015, for your references. GST / E-payment GST will surely mention in this budget meeting since it’s about to launch by next year, nevertheless, this theme already in-play and it’s been gone through by last topic. In a nutshell, GST will benefit not just the related software development company, but also E-payment service provider. The implementation of GST and wide- spread of internet payment due to E-commerce will make E-payment the coming hot trend. Related counter: Censof, IFCAMSC, Goodway, GHLSYS, IRIS, Cuscapi Education The improvement of the national English level has been raised to a concern lately, and the nation is emphasizing the training of employees and workers’ skills, this may lead to a series of rebate for the related activities and also some grant for to improve the skills for government servant. As for teachers, the minister of education is putting the fund in Ithink and HOTS (High orders thinking skills) programme to enhance thinking skills among teachers. Related counters: SMRT, SCICOM, MEGB Renewable energy Tax incentive for company which involve in green energy generation, is not a new thing in our budget, we have it in the past budget item. This coming budget, we expect government to continue to boost the green energy development in the country, larger portion of incentive and grant may announce that will finally benefit the related business, especially the PIONEER of the renewable energy related business in the country. Related counters: Cypark, Amprop, KGB, Weida, Fitters
rob_z3_man: yes, for 400 mother share, you will be entitled to 100 Wb, however be aware that censof mother’ price expect to drop after ex, within 8 cents you are still consider win but your wb will only issue to you on Friday morning.
ANNOUNCEMENT : ACQUISITION OF 100% EQUITY INTEREST IN GLOBAL STRATEGIC PARTNERS SDN BHD BY KNOWLEDGECOM CORPORATION SDN BHD, A SUBSIDIARY OF CENSOF HOLDINGS BERHAD
1.0 INTRODUCTION
CENSOF HOLDINGS BERHAD (“CENSOF” or “the Company”) is pleased to announce that on 29 September 2014, its subsidiary Knowledgecom Corporation Sdn Bhd (“KCSB”) had acquired Fourteen Thousand (14,000) ordinary shares of RM1.00 each (“Shares”) representing 100% equity interest in Global Strategic Partners (“GSPSB”) for a nominal value of RM2.00 only (“the Acquisition”). The Vendors are:-
Following the Acquisition, GSPSB shall become a wholly-owned subsidiary of KCSB.
2.0 INFORMATION ON THE ACQUISITION
2.1 Information on KCSB
KCSB is a private limited company incorporated in Malaysia on 26 January 1998. The authorised share capital of KCSB is RM5,000,000.00 divided into 5,000,000 ordinary shares of RM1.00 each and the issued and paid-up share capital is RM2,000,000.00 comprising 2,000,000 ordinary shares of RM1.00 each. Out of the 2,000,000 issued ordinary shares, 1,600,000 (80%) ordinary shares are held by Censof and 400,000 (20%) ordinary shares are held by Rubaneswaran A/L Thevasenabathy.
KCSB is a 80%subsidiary of Censof Holdings Berhad.
2.2 Information on GSPSB
GSPSB is a private limited company incorporated in Malaysia on 13 August 2008. The authorised share capital of GSPSB is RM100,000.00 divided into 100,000 ordinary shares of RM1.00 each and the issued and paid-up share capital is RM14,000.00 comprising of 14,000 ordinary shares of RM1.00 each.
2.3 Activities of GSPSB
The principal activities of GSPSB is the provision of publication of magazines, job placement and job portal services, workshops and conference events.
2.4 Rationale for the Acquisition
The Acquisition will enable KCSB to have a synergy with GSPSB as their business would complement each other. KCSB is specialized in delivery of high skilled based training services whilst GSPSB penetrates into industries that complements and drives the training industry.
2.5 Financial Effects of the Acquisition
The Acquisition is not expected to have any material effect on the earnings per share, net assets per share, gearing and substantial shareholders’ shareholdings of KCSB for the financial year ending 31 March 2015.
2.6 Liabilities to be assumed by KCSB
Save for RM2,853.00 due to Sundry Creditors, there are no contingent liability and guarantee to be assumed by KCSB arising from the Acquisition.
2.7 Risk Factors
The Board of Directors of Censof is not aware of any risk factors arising from the Acquisition.
2.8 Highest percentage Ratio
The highest percentage ratio pursuant to 10.02 (g) of the Bursa Malaysia Securities Berhad Main Market Listing Requirement is negligible as the purchase consideration is only RM2.00.
2.9 Approval Required
The Acquisition is not subject to the approval of the shareholders and the relevant government authorities.
2.10 Directors’ and Major Shareholders’ Interests
Save for Rubaneswaran A/L Thevasenabathy who is also a Director of KCSB and holds 20% of the equity interest in KCSB, none of the directors and/or major shareholders of Censof and/or persons connected with them have any interest, whether direct or indirect, in the Acquisition.
2.11 Statement by Directors.
The Board of Directors of the Company is of the opinion that the Acquisition is in the best interest of KCSB.
There is no announcement on the date of wb to be traded. Very likely in 2-3 weeks time. The last date of lodgement is 2/10/2014. Today is a big day for supporter of Censof. We will know the support level once it is traded today at 9am. Happy trading.
Opening at RM0.57 is considered reasonable mainly because WA has dropped to RM0.3. Expecting WB to be RM0.3 divided by 4 = RM0.075. RM0.63- RM0.075 = RM0.555. So, RM0.57 is higher than expected. But I believe the price to be above RM0.60. Happy trading.
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rob_z3_man
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Posted by rob_z3_man > 2014-09-28 17:55 | Report Abuse
If u buy via contra. Will I be entitled to the warrants?