Posted by upsidedown119 > 2018-08-02 22:10 | Report Abuse

But my hunch is that Azmin's info is outdated.

Posted by ks5S > 2018-08-02 22:14 | Report Abuse

the independent valuation report is the last weapon to close the deal without anyone questioning.
Good dishes always serve the last.

Posted by ks5S > 2018-08-02 22:17 | Report Abuse

bonus ate already
dividend ate already
now waiting for the abalone (special dividend) to be served.

Posted by ks5S > 2018-08-02 22:20 | Report Abuse

this deal have been waiting for more than 10 years to close .
One month of waiting is nothing. More important is at least 1x book value.

Posted by ks5S > 2018-08-02 22:22 | Report Abuse

wait until BN been thrown out.
PH won't let the shareholder disappointed. Must play fair, Must refer to independent report.

Posted by targetinvest > 2018-08-02 22:39 | Report Abuse

Ya.. no fuss nothing to wory.. just wait the money fall

Posted by ks5S > 2018-08-02 22:41 | Report Abuse

https://www.nst.com.my/news/nation/2018/08/397105/azmin-rejects-claims-rm27-bil-splash-buyout

Posted by ks5S > 2018-08-02 22:51 | Report Abuse

https://www.nst.com.my/news/nation/2018/08/397280/reveal-valuation-price-splash-takeover-ngo-tells-federal-sgor-govts

Posted by ks5S > 2018-08-02 22:53 | Report Abuse

i have read the independent report by Moore Stephens's website and it has indicate about 2.5 bil. That was 3 years ago. Now should be 3 bil.

Posted by luiws123 > 2018-08-03 08:45 | Report Abuse

Shares suspended

Posted by chanj > 2018-08-03 08:45 | Report Abuse

Suspended!

Posted by AlphaBetaGamma > 2018-08-03 08:45 | Report Abuse

Eh, suspended dy... Finally done deal

Posted by francis188 > 2018-08-03 08:47 | Report Abuse

breaking news !!!!!!!!!!!!!!!

Posted by ks5S > 2018-08-03 08:50 | Report Abuse

https://www.nst.com.my/news/nation/2018/08/397399/selangor-finalise-water-industry-restructuring-friday

Posted by ks5S > 2018-08-03 08:51 | Report Abuse

I told u yesterday shark want to frighten u only

Posted by paperplane > 2018-08-03 08:53 | Report Abuse

Hehe. Let see

Posted by luiws123 > 2018-08-03 08:54 | Report Abuse

Were insiders known the offer?As a result,they were aggressive sell down

Posted by Leoleo > 2018-08-03 08:57 | Report Abuse

gamuda also

Posted by Ron90 > 2018-08-03 09:01 | Report Abuse

so..just wait la..cannot buy or sell anymore..huhu

Posted by JJchan > 2018-08-03 09:05 | Report Abuse

avoid Taliworks first until you know who is responsible for paying its unpaid bills-----Gamuda in
its meeting said like syabas, Selangor Gov should be responsible under agreement in Main Contract.

Posted by Spectre888 > 2018-08-03 09:06 | Report Abuse

It might reopen with a hefty reward...LIMIT UP @2.47!!

Posted by AlphaBetaGamma > 2018-08-03 09:08 | Report Abuse

Anyone know suspended for how long?

Posted by jasontan1177 > 2018-08-03 09:16 | Report Abuse

5pm

Posted by All Toh > 2018-08-03 09:18 | Report Abuse

http://www.malaysia-chronicle.com/?p=126496

Posted by Firsthand > 2018-08-03 09:22 | Report Abuse

Najib got info the deal is 2.7b but missed the point sgor gov has 40% in Splash, that mean sgor will pay 1b to Splash ....if press conference brfore 1pm, kps will limit up at 2.30pm. If press conf after 2.30pm then kps will only resume trading on monday n will b up may b 20 sen

Posted by Ron90 > 2018-08-03 09:38 | Report Abuse

if trading resume in the afternoon, sure limti up..but if monday, so-so only..huhu. Pray hard ler..got lots of stock..huhu..do or die standing.

who gonna pay taliworks, depend on the aggrement la. but taliworks work for splas..than spalsn la should pay them after getting the money form fed.

Posted by kevinobc > 2018-08-03 09:39 | Report Abuse

KLANG: Selangor will finalise its water industry restructuring exercise by Friday.

Menteri Besar Amirudin Shari said the matter will soon be resolved and an announcement will be made on Friday.

He added that the actual cost involved in the taking over the concession from Syarikat Pengeluar Air Selangor Holdings (Splash) is lower then what was claimed by former Prime Minister Datuk Seri Najib Razak at a ceramah on Wednesday night.




Najib had alleged that the Selangor government will purchase Splash for a whopping RM2.7 billion.

“Yesterday, I heard Najib said the state government will fork out RM2.7 billion, a cost that will burden the people, in order to resolve the water issue.

“This is interesting because Najib, when he was the chairman for 1MDB, did not know what had happened to the billions of ringgit missing. And now that he is not in the cabinet, he supposedly knows that we are going to pay RM2.7 billion to resolve the issue.

“Tonight, I want Najib to listen very carefully, and for Umno leaders and the people of Selangor to understand. Tomorrow (Friday) we will create history (after years) of being sabotaged by the (then BN) Federal government.

“God-willing, Aug 3, following change (of government) in Putrajaya, we will conclude the water industry restructuring and takeover which was controlled by the previous (federal) government," Amirudin said in campaign speech for the Sungai Kandis by-election in Bandar Puteri.

Amirudin, after being sworn in as the Mentri Besar following the 14th general election had pledged to seek immediate solutions to issues surrounding the water industry restructuring in the state.

On Wednesday, Najib in a campaign speech, did not only claim that the Selangor government would purchase Splash for a whopping RM2.7 billion but also alleged that a ‘Tan Sri’, who has a 30 per cent stake in Splash, will benefit handsomely from the purchase.

He said that the Tan Sri is a crony of a top Pakatan Harapan (PH) leader and co-founder of a political party which he did not name.

Last Saturday, Water, Land and Natural Resources Minister Dr Xavier Jayakumar had brushed aside a foreign media report suggesting that the federal government is set to pay RM1.9 billion for the takeover of Splash.

Singapore’s Straits Times had reported that a joint-funding deal had been struck, and that the total buyout was set at between RM2.5 billion and RM2.7 billion, and that the Selangor government is expected to fork out between RM600 million and RM800 million.

It was reported that the process of restructuring the state’s water industry had been put on hold because of disagreements between the then PH state administration and BN federal government.

The state government, then led by Menteri Besar Datuk Seri Mohamed Azmin Ali, had rejected a proposal for the state government to bear 40 per cent of the cost and the ministry to pay 60 per cent.

Xavier had also said issues over the takeover would be resolved by early August.

https://www.nst.com.my/news/nation/2018/08/397399/selangor-finalise-water-industry-restructuring-friday

Posted by kevinobc > 2018-08-03 09:41 | Report Abuse

MB: Selangor water restructuring to be settled today

KLANG, Aug 3 — Selangor Mentri Besar Amiruddin Shaari said the state’s long-drawn water restructuring exercise will be completed today.

In his speech at Bandar Puteri here, he blamed the previous Barisan Nasional (BN) administration, accusing it of sabotaging the state government’s effort to address Selangor’s water woes.

“We hold on to our promise and direction. That is why today, you will hear that we will be offering much lower than the value fixed by the previous federal government.

“Although what we offer is low, but because we discussed honestly, we discussed transparently, God willing, today will be a big step,” he said.

He claimed the BN government blocked Selangor from utilising the Langat 2 water treatment plant that was already completed.

He said the problem was resolved when PKR’s Dr A. Xavier Jayakumar was made the water, land and natural resources minister.

The MB did not delve into details about water tariffs.

In a recent interview with Malay Mail, Dr Xavier said that water tariffs will inevitably increase after the Selangor state government resolves its water restructuring exercise this month.

Putrajaya has yet to announce the final price it will pay to complete the restructuring.


https://www.malaymail.com/s/1658687/MB-Selangor-water-restructuring-to-be-settled-today

Posted by yip_net > 2018-08-03 09:43 | Report Abuse

Not a good new !! saw share price drop yesterday and today suspended trading to waiting for splash new to Announce.

Posted by dalpinia > 2018-08-03 09:43 | Report Abuse

What is TP of KPS if offered price is 1.9b vs 2.7b? Can anyone advise. Thx

Posted by paperplane > 2018-08-03 09:43 | Report Abuse

Good luck

Posted by Yael Jasper > 2018-08-03 09:44 | Report Abuse

Good stock

Posted by paperplane > 2018-08-03 09:44 | Report Abuse

Not even 2.7bil

Posted by shadowraze818 > 2018-08-03 09:48 | Report Abuse

that means the splash takeover offered is less than 2.7bil which less than 1x book value? Hence it is not a good news?

Posted by JayC > 2018-08-03 09:51 | Report Abuse

najib made 2 statement
1. announcement to be made today
2. offer was 2.7B

he is already right on number 1

Posted by Ron90 > 2018-08-03 09:53 | Report Abuse

MB alreadsy confirmed the valeu less than 2.7 B..so take that 2.5 la. and can start kira..

2.5 Billion - 638 million to be paid to Taliworks = 1.9 Billion to be shared by Gamuda 40% ($760 mil), Sweetwater Alliance 30% ($570 mil), Splash 30% (570 mil).

what ever it is, KPS stand to get at least $420 mil cash and Gamuda $550 mil. Based on 2.0 B deal.

Posted by kevinobc > 2018-08-03 09:58 | Report Abuse

TP: KPS RM2.80

Posted by ks5S > 2018-08-03 09:59 | Report Abuse

Once open ; immediately limit up

Posted by dalpinia > 2018-08-03 10:02 | Report Abuse

RM420 mil cash equivalent to how many EPS?

Posted by Ron90 > 2018-08-03 10:06 | Report Abuse

kps MC only 1 billion, so..if get cash payment anywhere between $300 - $400 million (30 - 40%) is not durian runtuh, but the whole pokok durian tumbang ler.. if $ 500 mil..than the whole dusun durian u get :-p ...this weekend, eat musang king until mabuk !!

but...

could be a reverse takeover..than everybody die standing ..eat kulit durian only...huhu.

Posted by ks5S > 2018-08-03 10:06 | Report Abuse

Abalone will be served. Dont worry. Side dishes is musang king.

Posted by ks5S > 2018-08-03 10:10 | Report Abuse

This one will be limit up 3x

Posted by fattmoney > 2018-08-03 10:21 | Report Abuse

"Ron90 kps MC only 1 billion, so..if get cash payment anywhere between $300 - $400 million (30 - 40%) is not durian runtuh, but the whole pokok durian tumbang ler.. if $ 500 mil..than the whole dusun durian u get :-p ...this weekend, eat musang king until mabuk !!

but...

could be a reverse takeover..than everybody die standing ..eat kulit durian only...huhu."

Ron90, may I know what you mean by reverse takeover in this instance?

Posted by wwq84999 > 2018-08-03 10:23 | Report Abuse

Taliwork up up up...puncak up up up also...news should not bad

Posted by peterchu > 2018-08-03 10:30 | Report Abuse

lol ... puncak is not related lar

Posted by JJchan > 2018-08-03 10:30 | Report Abuse

Just drink Coffee and wait for final announcement-----Current price didn't hit NTA (2.75)
Price Tp is always control by Syndicate. It is good KPS opens on Monday----Give
time for Syndicate to arrange Fund.

Posted by peterchu > 2018-08-03 10:31 | Report Abuse

expect to open 2.2, then close 2.5. sub sequence day 3.0. free money

Posted by Shareshare1594 > 2018-08-03 10:34 | Report Abuse

https://www.thestar.com.my/business/business-news/2018/08/03/gamuda-kps-suspended-for-corporate-news/

Posted by wwq84999 > 2018-08-03 10:39 | Report Abuse

Now is water power every water stock is going to be king later....engtex....fitter...also up all is related in water buissness...

Posted by ilovekl > 2018-08-03 10:40 | Report Abuse

"MUCH LOWER" ?? by MB Selangor?