Posted by DickyMe > 2021-08-27 12:52 | Report Abuse

UTILISATION OF PROCEEDS
Subsequent to the Announcement, the Board wishes to clarify that the total proceeds arising
from the Proposed Disposal of EUR81.0 million (equivalent to approximately RM399.33
million) are proposed to be utilised/varied as follows:-

Proposed utilisation
Expected timeframe
for utilisation upon completion
of Proposed Disposal
Amount
(RM’000)
Repayment of bank borrowings (a) Within 3 months 200,000
Working capital requirements (b) Within 12 months 41,290
Special dividend (c) Within 6 months 120,640
Internal reorganisation related cost (d) Within 12 months 24,600
Estimated expenses (e) Within 3 months 12,800
Total proceeds 399,330

Notes:-
(a) Same as per Announcement.
(b) The Board has estimated that the alloc
(b) The Board has estimated that the allocation of proceeds shall be set out as follows:-
RM,000
Operational costs and general overheads 30,000
Administrative and finance expenses 11,290
Total 41,290


(c) The Board has decided to fix the special dividend at 20 sen per share.
========================================================
=========================================================

.....


However, it is only possible if the sale goes through before 30th September

(b) Manner of Payment for the Disposal Consideration
The Disposal Consideration shall be satisfied by way of cash as follows:-

(i) upon execution of the SPA, the Purchasers have jointly deposited EUR2.0
million (equivalent to approximately RM9.86 million) as an option security
deposit (“Option Security”) into an escrow account of the appointed notary
(“Notary”) and the Purchasers are allowed to exercise an option to complete
the SPA on or before 30 September 2021 (“Purchasers’ Option”);
===========================================
(ii) upon exercising the Purchasers’ Option, 10% of the Disposal Consideration
or EUR8.10 million (equivalent to approximately RM39.93 million) (“Deposit”)
shall be paid by the Purchasers into the escrow account of the Notary. The
Option Security shall then be returned to the Purchasers;

(iii) the balance 90% of the Disposal Consideration shall be paid within 10 market
days after the Purchasers have received a written notice from the Notary
confirming all Conditions Precedent (as defined in Section 2.4(c) below) have
been fulfilled; and

(iv) notwithstanding the above, in the event the Purchasers’ Option is not
exercised on or before 30 September 2021, the Option Security shall be
released to the Vendor and the SPA will lapse.

Posted by smartgood > 2021-08-27 14:31 | Report Abuse

Those who said dividend is 2 cents so terrible. Don't do proper research and simply give wrong information.

Posted by Zoom > 2021-08-27 15:21 | Report Abuse

noob operator

Posted by mych11 > 2021-08-27 15:51 | Report Abuse

going back to 0.20 sen before distribution?.. then get the company free..

Posted by papaya > 2021-08-27 16:29 | Report Abuse

buyyyy......kikikikih

Posted by mych11 > 2021-08-30 11:29 | Report Abuse

today KLSE is good..

Posted by DickyMe > 2021-08-30 23:00 | Report Abuse

November spike?

Posted by papaya > 2021-09-01 10:09 | Report Abuse

buyyyy........kikikikikih

Posted by stockfreak > 2021-09-01 10:11 | Report Abuse

给你干活

Posted by papaya > 2021-09-01 16:14 | Report Abuse

kikikikikihhhhhh........

Posted by Hulk17 > 2021-09-01 16:39 | Report Abuse

if dividends is 20 cents per share, how much is the dividend for 1000 shares?

Posted by TheContrarian > 2021-09-01 18:05 | Report Abuse

RM200

Posted by mych11 > 2021-09-01 19:09 | Report Abuse

tomorrow test 0.50

Posted by papaya > 2021-09-02 10:11 | Report Abuse

apa tunggu.....buyyyyyy.....kikikikih....jngan sampai ketinggalan keretapi.....

Posted by papaya > 2021-09-02 14:54 | Report Abuse

kasi goncang pokok....banyak ke buah yg jatuh.....kikikikikih

Posted by papaya > 2021-09-02 15:28 | Report Abuse

vrooom.......vroooommmmmmmm.........kikikikikih

Posted by DickyMe > 2021-09-02 18:42 | Report Abuse

...the Purchasers are allowed to exercise an option to complete
the SPA on or before 30 September 2021 (“Purchasers’ Option”);

...upon exercising the Purchasers’ Option, 10% of the Disposal Consideration
or EUR8.10 million (equivalent to approximately RM39.93 million) (“Deposit”)
shall be paid by the Purchasers into the escrow account of the Notary. The
Option Security shall then be returned to the Purchasers;

the balance 90% of the Disposal Consideration shall be paid within 10 market
days after the Purchasers have received a written notice from the Notary

Repayment of bank borrowings (a) Within 3 months 200,000
..
Special dividend (c) Within 6 months 120,640
...

The Board has decided to fix the special dividend at 20 sen per share.

Posted by papaya > 2021-09-03 16:18 | Report Abuse

people collecting.....dont get trap with the way they played.....sharks tried to fool ikan bilis to dump cheap to them......kikikikikih

Posted by papaya > 2021-09-03 16:20 | Report Abuse

by putting and pulling big Q, make retailers scare......kikikikikih

Posted by thesteward > 2021-09-05 08:56 | Report Abuse

Sud break 50 anytime soon

Posted by papaya > 2021-09-07 15:05 | Report Abuse

jangan jual.....mau naik lar......kikikikikih......jgn menyesal,,,,,,,kikikikikih

Posted by fadzli1980 > 2021-09-07 21:23 | Report Abuse

bila nak pecah 50sen

Posted by Catlim69 > 2021-09-07 21:42 | Report Abuse

2022 will break

Posted by Catlim69 > 2021-09-07 21:42 | Report Abuse

When everyone said break means won’t break

Posted by Aaron_tan > 2021-09-09 15:47 | Report Abuse

catlim is correct haha

Posted by taitaumau > 2021-09-09 16:06 | Report Abuse

One of my wishes for Sept. 2021
- The said Purchasers' Option is exercised on or before 30 September

Posted by papaya > 2021-09-14 09:45 | Report Abuse

past few days seen heavy collection.....good news coming??? kikikikikih

Posted by mimisita > 2021-09-14 10:03 | Report Abuse

guru collecting and sell to you all

Posted by Aaron_tan > 2021-09-15 21:01 | Report Abuse

Thanks guru for selling. Going 0.5

Posted by DickyMe > 2021-09-16 21:53 | Report Abuse

Please sell. I will buy periodically until December.

Posted by Aaron_tan > 2021-09-18 09:53 | Report Abuse

December good month to push ?

Posted by Michael R. > 2021-09-20 13:56 | Report Abuse

If it continue rally up u guys are lucky.. but If dividend 20cent u guys must be ready to accept if the price drop 20 cent later...... could be back 0.024~0.280 range later especially many other counters have been like in a reset button nowadays...

Posted by mahmudkashimj > 2021-09-20 14:23 | Report Abuse

possible. nothing is certain. some gain some loss

Posted by mahmudkashimj > 2021-09-20 16:25 | Report Abuse

with the sell down and our goverment debates on the tax which worried the investor. so more sell down will come

Posted by PunTatBerSiul > 2021-09-20 19:39 | Report Abuse

"
Aaron_tan December good month to push ?
18/09/2021 9:53 AM"

Think so.
20 sen dividend, Big funds too maybe salivating to make a hit n run.

Posted by mych11 > 2021-09-21 12:52 | Report Abuse

all priced in...

Posted by SENSEI2011 > 2021-09-27 18:40 | Report Abuse

Back to square one...

Posted by taitaumau > 2021-09-29 09:08 | Report Abuse

May my wish come true ?

taitaumau One of my wishes for Sept. 2021
- The said Purchasers' Option is exercised on or before 30 September
09/09/2021 4:06 PM

Posted by taitaumau > 2021-09-30 09:50 | Report Abuse

Yes, option exercised !!

Posted by papaya > 2021-09-30 12:18 | Report Abuse

The Board of Directors of PICB wishes to announce that the Purchasers had on 29 September 2021 exercised the Purchasers’ Option to complete the SPA pursuant to the terms of the SPA. The draft circular to shareholders in relation to the Proposed Disposal will be submitted to Bursa Malaysia in due course. The Board expects the Proposed Disposal to be completed by the last quarter of 2021.

Posted by papaya > 2021-09-30 12:27 | Report Abuse

gooo.....gooo.....gooooo.....

Posted by Thorman > 2021-10-03 22:37 | Report Abuse

The difference between Malaysian and an international company is keeping to their word!

Posted by Sinoboy > 2021-10-04 12:18 | Report Abuse

Zzzzzz :))

Posted by Start_0f_the_bull > 2021-10-04 20:50 | Report Abuse

Gain on disposal 30c per share, seem like not many people aware or forgot?

Posted by goodiewilly > 2021-10-05 09:13 | Report Abuse

read the announcement on 30 September. Seens like a good buy in red market

Posted by putolim > 2021-10-07 14:27 | Report Abuse

Circular to shareholder still not out? Keep waiting

Posted by papaya > 2021-10-11 11:13 | Report Abuse

without any announcemnt....but the rate someone collecting past few weeks....it worth to hold untill the news unfold.....kikikikikih

Posted by putolim > 2021-10-11 11:21 | Report Abuse

Should come out this week as the purchaser will made balance of payment 10 market days from the announcement.

Posted by putolim > 2021-10-11 11:23 | Report Abuse

Hopefully can fly like CFM when announcement of 0.20 dividend.

Posted by Sinoboy > 2021-10-11 20:53 | Report Abuse

Just curious, which is bigger. Faber castell or pelikan. Both are german companies I think...