Posted by 20012015 > 2015-01-27 23:13 | Report Abuse

You are right iphone4. In fact I should pay attention to read thru the prospectus. Thank you very much iphone4.

Posted by Win188 > 2015-01-28 14:47 | Report Abuse

what happen to Goldis today?

Posted by artct > 2015-01-29 08:46 | Report Abuse

RCPS = $1
Conversion to mom = $2.28
Total cost = $3.28
Mom market value should > $3.28 only worth to convert, am I right? or else just enjoyed th 4% div!

Posted by yipgusing > 2015-01-29 21:41 | Report Abuse

hahaha ... artct ... i think you going to "gek sei" iphone4 ... .he alreayd explained N times regarding the total cost ... you still didnt get it ...
Mr iphone4 ... i think u need to charge them for consultation fees ...

Posted by Hk Wong > 2015-01-30 12:24 | Report Abuse

no of subscribe rcps amount / 2.28 = no of goldis share

Posted by iphone4 > 2015-02-06 20:15 | Report Abuse

Now that the Goldis RCPS is finally closed, the next move is to watch the TP of RCPS. If you hve faith in Goldis for “midterm hold”, RCPS is equally good or much better if you can get it below RM1.00 (inc. of trading fees). if you have missed the earlier rights it is good to keep RCPS in your investment radar. RCPS is tradable at 100 shares and the good level for conversion will be at 5,700 RCPS.

Posted by jtpc2006 > 2015-02-23 15:09 | Report Abuse

Based on latest financial results, net asset per share 3.12

Posted by iphone4 > 2015-02-23 16:51 | Report Abuse

Goldis never failed to reward shareholders most of the FY – either thr dividend in cash or dividend-in-specie. Earnings for FY 2014 was great and if ICPS (Feb 2015) is not considered a reward to Shareholders for 2015 then we can expect good news soon.

Posted by iphone4 > 2015-02-23 21:00 | Report Abuse

Tomorrow listing of RCPS. Definitely will be trading at a premium.

Posted by member41 > 2015-02-24 14:32 | Report Abuse

Thanks bro iphone for advice in goldis... mum 2.28 now in line with the conversion amt

Posted by iphone4 > 2015-03-02 13:42 | Report Abuse

Goldis TP @RM2.37 gets the TP of RCPS @Rm1.039/share. Don't sell RCPS less than that price. BTW you can convert RCPS to mother anytime.

Posted by Hk Wong > 2015-04-04 19:51 | Report Abuse

goldis want to sell gtower at 1.3billion

Posted by member41 > 2015-07-09 22:30 | Report Abuse

Finally a dividend but lousy 2c. I guess they expect us buy the PA to provide the other 2c.

Posted by mamatede > 2015-12-07 20:23 | Report Abuse

big player buying this stock

Posted by benjaminye > 2016-03-15 16:32 | Report Abuse

Major shareholder keep accumulating, I think very soon they will take it private.

Posted by calvintaneng > 2016-03-16 00:02 |

Post removed.Why?

Posted by Blacksail > 2016-03-16 00:38 | Report Abuse

Wo-o-o-o-o-oO! So true now you said it.

Posted by Hk Wong > 2016-03-28 13:36 | Report Abuse

maybe gtower sell

Posted by yipgusing > 2016-03-28 15:45 | Report Abuse

no volume 1 ..

Posted by yipgusing > 2016-03-28 17:05 | Report Abuse

any1 knows what happening ?

Posted by Hk Wong > 2016-03-28 22:51 | Report Abuse

Wait for tomorrow

Posted by Hk Wong > 2016-03-29 06:54 | Report Abuse

Sooner or later either privatize at 2.50 to 2.80

Posted by jtpc2006 > 2016-04-04 16:07 | Report Abuse

privatization coming very soon

Posted by yipgusing > 2016-04-04 16:28 | Report Abuse

sjl

Posted by Hk Wong > 2016-04-12 22:13 | Report Abuse

2.61

Posted by member41 > 2016-04-14 16:56 | Report Abuse

265

Posted by member41 > 2016-04-15 16:15 | Report Abuse

Maybe can 270 today

Posted by yipgusing > 2016-04-20 17:30 | Report Abuse

274

Posted by member41 > 2016-04-21 16:30 | Report Abuse

275

Posted by iphone4 > 2016-04-22 22:00 | Report Abuse

Hi good to visit Goldis forum again. I see familiar members . So, u guys make good money. At RM2.75, the upside is still strong. BV already at RM4.00 and Qtr 1, 2016 announcement will be out soon.

Posted by member41 > 2016-04-25 23:38 | Report Abuse

Iphone4 bro welcome back. Any news for Goldis?

Posted by Hk Wong > 2016-04-26 11:16 | Report Abuse

2.76

Posted by yipgusing > 2016-05-03 15:28 | Report Abuse

scary ... no more transaction ...

Posted by yipgusing > 2016-05-12 15:54 | Report Abuse

wake up lo ...

Posted by member41 > 2016-05-13 10:45 | Report Abuse

275 again. The rise continues.

Posted by yipgusing > 2016-05-13 12:20 | Report Abuse

able to sell 3,000 only

Posted by member41 > 2016-05-24 13:24 | Report Abuse

Yip selling? QR should out real soon

Posted by yipgusing > 2016-05-31 16:37 | Report Abuse

no volume .....again ..

Posted by member41 > 2016-07-05 13:59 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5142305
2sen div from mum and 2sen from PA

Posted by yipgusing > 2016-09-07 22:08 | Report Abuse

acquiring has started again ...

Posted by Hk Wong > 2016-09-08 18:34 | Report Abuse

2.80

Posted by Richest > 2016-11-24 19:48 | Report Abuse

If Goldis declared higher dividend it's price will growth up!

Posted by Hk Wong > 2017-02-23 18:03 | Report Abuse

GOLDIS BERHAD (“GOLDIS” OR “COMPANY”)
(I) PROPOSED ACQUISITION BY GOLDIS OF THE ENTIRE EQUITY INTEREST IN IGB CORPORATION BERHAD (“IGB”) NOT ALREADY OWNED BY GOLDIS BY WAY OF A MEMBERS’ SCHEME OF ARRANGEMENT TO BE UNDERTAKEN BY IGB PURSUANT TO SECTION 366 OF THE COMPANIES ACT, 2016 (“PROPOSED SCHEME”);
(II) PROPOSED CHANGE OF NAME OF GOLDIS FOLLOWING THE COMPLETION OF THE PROPOSED SCHEME (“PROPOSED CHANGE OF NAME”); AND
(III) PROPOSED CHANGE TO THE CONSTITUTION OF GOLDIS (“PROPOSED CHANGE OF CONSTITUTION”)
(COLLECTIVELY THE “PROPOSALS”)
EXECUTIVE SUMMARY
On behalf of the Board of Directors (“Board”) of Goldis, CIMB Investment Bank Berhad wishes to announce that the Company has today submitted a formal proposal to the Board of IGB in respect of the Proposed Scheme for its consideration.
The Proposed Scheme is the proposed acquisition by Goldis of the entire equity interest in IGB not already owned by Goldis in order to amalgamate and make IGB a wholly-owned subsidiary of Goldis, which will likely eliminate the holding company discount of both entities. This would also create a more cohesive and efficient operating structure while eliminating the overlap of administrative efforts and costs as both Goldis and IGB are currently required to comply with the listing obligations prescribed by Bursa Malaysia Securities Berhad for listed issuers. The completion of the Proposed Scheme would result in the delisting of IGB from the Main Market of Bursa Malaysia Securities Berhad.
The Proposed Scheme would also present an opportunity for all the shareholders of IGB other than Goldis (“Scheme Shareholders”) to unlock their investment in IGB at a premium whilst providing them the option to participate as shareholders of Goldis by the exchange of securities, offering them exposure to a more diversified range of operations and earnings profile of the larger group. The potential participation of the Scheme Shareholders in Goldis will provide Goldis with a broader base and better spread of shareholders.
The Proposed Scheme offers RM3.00 for each IGB share held, to be settled by either one of 3 options, at the election of the Scheme Shareholders.
Summary of the 3 options offered:
Option 1 - Cash Option
:
100% cash
Option 2 - Cash and Share Option
:
30% cash + 70% Goldis shares
Option 3 - Cash and New RCPS Option
:
20% cash + 80% new redeemable convertible preference shares of Goldis (“New RCPS”)
 7-year New RCPS with 1:1 conversion into Goldis shares
 4.3% dividend rate per annum

Posted by member41 > 2017-02-24 11:36 | Report Abuse

Share 270 but nta 420.

Posted by Hk Wong > 2017-04-27 10:56 | Report Abuse

Board to let shareholders decide on Goldis' proposal to privatice IGB

by daniel khoo


PETALING JAYA: IGB Corp Bhd will put forward a proposal to its shareholders to take the company private.

In an announcement yesterday, IGB said that the proposal by its biggest shareholder Goldis Bhd to privatise the former that is the owner of Mid Valley Megamall will be forwarded to its shareholders to decide.

This follows after a deliberation by IGB’s board of directors on this matter where it requested at the end of March for an extension up to April 28 to evaluate the proposed offer.

In a statement to Bursa Malaysia, IGB said the board of directors, minus interested directors, has deliberated on the offer by Goldis and has decided to put forward the offer to the eligible shareholders for consideration based on the preliminary opinion of the independent adviser.

Goldis which owns 73.43% of IGB is proposing to privatise the latter for an offer price of RM3 for each IGB share not yet owned by itself and Goldis’ persons acting in concert (PAC).

The privatisation is proposed to be carried in either one of the three ways. Shareholders may choose a 100% cash option where the entire privatisation offer price of RM3 be fully satisfied in cash.

IGB’s shareholders may also choose a combination of cash and shares: of which 30% of the offer price or 90 sen will be settled in cash and 70% of the offer price or RM2.10 will be settled through the issuance of new ordinary shares in Goldis at an issue price of RM3 per Goldis share.

Shareholders may also choose the cash and redeemable convertible cumulative preference shares (RCCPS) option: wherein 20% of the offer price or 60 sen will be settled in cash and 80% of the offer price or RM2.40 will be settled via the issuance of new RCCPS of a new class in Goldis at an issue price of RM3.28 per new RCCPS.

“The new RCCPS has the right to receive cumulative preferential dividends at the rate of 4.3% per year based on the new RCCPS issue price, and its tenure is seven years, with a conversion ratio of 1 new RCCPS into 1 new Goldis share,” the statement said.

The new RCCPS shall rank ahead in regards to payment of dividends on all classes of shares of the issuer, other than the existing RCCPS, the company said.

The new RCCPS dividends will be paid on a semi-annual basis subject to the availability of distributable profits and applicable laws.

The statement further said that some 26.57% of IGB’s shares that are not owned by Goldis and its PAC are eligible for this offer and the total consideration for this scheme is approximately RM1.06bil.

“Upon completion of this exercise, IGB will become a wholly-owned subsidiary of Goldis. It is envisaged that the full consolidation of the businesses of IGB and Goldis will create a more cohesive and efficient operating structure going forward,” the announcement said.

It further noted that IGB and Goldis are currently required to comply with the listing obligations by Bursa Securities for listed issuers, representing an overlap of administrative efforts and costs.

“The proposed delisting (of IGB) is expected to eliminate such overlap, dispense with expenses in maintaining the listing status of IGB and re-divert resources towards its core business,” it added.

The privatisation effort by Goldis is the first by the company to absorb and to de-layer the shareholding structure between Goldis and IGB.

The earlier corporate exercises in 2013 was for a proposed merger while the 2014 exercise was a voluntary general offer to increase its stake in IGB.

Goldis is a property investment company that is controlled by the Tan family which is led by Datuk Tan Chin Nam.

The crown jewel of the group is located at Goldis’ subsidiaries: IGB Corp Bhd and IGB Reit, while the family’s interest is mainly concentrated at Goldis.

StarBizWeek had recently reported that a de-layering or a simplification of the corporate structure would work well for all shareholders of Goldis.

The latest takeover differs from the voluntary general offer made in July 2014 which was proposed at RM2.88 per share and without any option of obtaining Goldis’ shares.

This latest takeover offer has this option and an RCCPS option as well.

For this privatisation to be successful, it will require a 75% shareholder approval out of the 26.57% shareholders that are eligible to vote.

IGB has prized assets such as Mid Valley City, which comprises 2.7 million sq ft of retail mall space, 3.2 million sq ft of prime office space in Kuala Lumpur and over 5,500 hotel rooms across the globe, according to a note by AllianceDBS Research.

IGB also owns a 52.3% stake in IGB Reit, which, in turn, owns Mid Valley Megamall and The Gardens Mall.

IGB’s balance sheet has also received an additional boost with the sale of the Renaissance Kuala Lumpur Hotel for RM765mil that was completed earlier this year.

Read more at http://www.thestar

Posted by Ring > 2017-04-28 09:32 | Report Abuse

After the privatisation Goldis will be with a different name n new price exprcted to hit about 5

Posted by Ring > 2017-05-18 21:15 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/04/06/igbs-rnav-at-rm636/

Posted by member41 > 2017-05-20 14:59 | Report Abuse

Finally above 3

Posted by Ring > 2017-05-21 13:09 | Report Abuse

Goldis RCPS may be a good buy, any comments

Posted by chkhooju > 2017-05-21 14:57 | Report Abuse

Privatization of IGB has materialised?