KPS is 63% owned by the Selangor State Government (K.D.E.H). And more than 25% is owned by Fund Managers and Institutions. Theoretically, only 5% to 6% of the shares are left in the market. So, it's easy meat :-)
With regards to SPLASH's offer, behind the scene negotiations are on-going. At any moment, the offer will surface...estimated at RM2.975b (equity portion). In tandem with market conditions, this is a counter for good play. At the same time, Pakatan Harapan is on a unity drive...BUY!!!
Datuk bisik..sshh..sshh.., barang siapa yang mengeji KPS, keluarga keseluruhannya akan menimpa malapetaka (ham-kar-chan)...ngeri betol!!! Yang menyokong pasti huat arh...."ONG" sudah mari!!! Hoot arh kaw2x. ...cun Datuk ni :-)))
KUALA LUMPUR (Jan 30) -- Hong Leong Investment Bank downgrades Taliworks Corporation to Hold from Buy; lowers target price to MYR1.06 from MYR1.33. Expects company to cut dividends in FY18 as Splash takeover deal unlikely to be finalized before deadline. Notes, negotiations on takeover of Splash by Selangor state government has been postponed again until Jul. 4; receivables owed by the company to Taliworks has risen to MYR587 million. "We believe that any resolution to this long drawn water saga will only gain traction post the 14th general election," house says in investor note. Malaysia is widely expected to hold national elections between March and April. Taliworks shares unchanged at MYR1.08.
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husky88
698 posts
Posted by husky88 > 2017-11-12 15:31 | Report Abuse
Won't have election on dec lol.