really no idea about what they are thinking....maybe push up high then push down to force people sell out their share... so tans can collect more and more shares with low price.
We wish to announce that IGB had on 17 July 2014 been informed by Goldis Berhad, that it will be proposing a corporate exercise which would result in IGB making a Very Material Announcement, as defined under the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements”). Therefore, IGB has requested for the suspension of the trading of its securities (“Suspension”) until the full details of the proposal are available.
Bursa Malaysia Securities Berhad has allowed the Suspension from 9.00 a.m. until 5.00 p.m. on 18 July 2014. The request for suspension is made under Paragraph 3.1(b) of Practice Note 2 on Requests for Suspension of the Listing Requirements.
The Star Published: Thursday July 17, 2014 MYT 6:36:00 PM Updated: Thursday July 17, 2014 MYT 6:39:14 PM Goldis, IGB suspended for corporate exercise
KUALA LUMPUR: Trading in the securities of Goldis Bhd and IGB Bhd has been suspended on Friday for the release of a corporate exercise.
Goldis said on Thursday it would be proposing a corporate exercise which would result in "Goldis making a very material announcement".
"Therefore, the company has requested for the suspension of the trading of Goldis' shares until the full details of the proposal are available," it said.
Both Goldis and IGB have common shareholders in the Tan family which is the major shareholder in both companies.
In late June, Goldis denied a weekly news report entitled "Tan family mulls takeover bid for Goldis".
Goldis had then stated in a letter to Bursa Malaysia Securities that it had not received any takeover notice and the company was not aware of any potential takeover offer.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Carson Teor
266 posts
Posted by Carson Teor > 2014-07-03 12:13 | Report Abuse
yes, right