Posted by tonylim > 2014-06-06 10:30 | Report Abuse

..

Posted by Kannibu > 2014-06-06 10:33 | Report Abuse

If Kheesan has to issued an ESOS with a $0.61 price and take the hit of a -$2,125,000, then it really worries me as a Kheesan's shareholder

Posted by Kannibu > 2014-06-06 10:35 | Report Abuse

because it will show how dire straits Kheesan (or LONBIS) is in need of cash, despite having to take a loss of $0.39 per share issued immediately

Posted by Kannibu > 2014-06-06 10:42 | Report Abuse

And the board of Kheesan owes the shareholders an explanation for having to do this ESOS issue at $0.61 per share

Posted by juinming0304 > 2014-06-06 11:02 | Report Abuse

WHY ISSUE PRICE RM1?

Posted by saltedfish > 2014-06-06 12:14 | Report Abuse

such is the standard of Malaysia shareholders, don't even understand what is going on, sigh

Posted by ayam_muda > 2014-06-06 16:24 | Report Abuse

the price ...up n then downnnn. what is going on?

Posted by kkanagasg > 2014-06-06 17:01 | Report Abuse

Kannibu, any comment?

Posted by ayam_muda > 2014-06-06 18:34 | Report Abuse

Today has highest traded volume in history of khee san. Any dude out there like to explain....Hope nxt week monday it will up.

Posted by kkanagasg > 2014-06-06 23:53 | Report Abuse

The extra-ordinarily high volume is due to the listing and quotation of the 5,450,000 new shares arising from the ESOS. Pretty sure the directors who owned big chunk of these ESOS shares have already distributed these shares in the open market

Posted by kkanagasg > 2014-06-07 08:27 | Report Abuse

Yes, confirmed they sold through M&A and Apex yesterday. All 5,450,000 shares +##\~{¥

Posted by kingcobra > 2014-06-07 09:59 | Report Abuse

WHAT NEXT KHEESAN HAVE IN STORE FOR US AS AN INVESTOR? TO SELL OR BUY MORE?

Posted by kkanagasg > 2014-06-07 18:57 | Report Abuse

Sell !

Posted by Kannibu > 2014-06-09 10:54 | Report Abuse

My prediction is correct in the sense that Kheesan need no cash but LONBIS. The heavy selling of Kheesan shares on Friday (almost 11m shares traded !) confirmed the disposal by the management to encash their shares as the money has been raised in Khessan through ESOS

Posted by Kannibu > 2014-06-09 10:56 | Report Abuse

Sad case for both Kheesan and LONBIS shareholders on the unruly behaviour of the management/substantial shareholders in treating the minority shareholders as stray dogs !

Posted by Kannibu > 2014-06-09 10:57 | Report Abuse

Dumping the newly created ESOS shares like flushing out the toilet bowl !

Posted by Kannibu > 2014-06-09 10:57 | Report Abuse

@&%!!*^%&^!@!

Posted by kingcobra > 2014-06-09 14:17 | Report Abuse

can touch .550?

Posted by saltedfish > 2014-06-09 15:11 | Report Abuse

maybe come T4

Posted by kingcobra > 2014-06-09 17:02 | Report Abuse

CUT LOSS TODAY...NO HOPE..LONGER U KEEP IT THE MORE U GONNA LOSE!

Posted by sangharimau > 2014-06-09 17:26 | Report Abuse

What Kannibu said is very meaningful. This is a board that need to be mindful as they treat the minority shareholders like dirt !

Posted by sangharimau > 2014-06-09 17:27 | Report Abuse

What Kannibu said is very meaningful. This is a board that need to be mindful as they treat the minority shareholders like dirt !

Posted by vinvin > 2014-06-10 21:31 | Report Abuse

Kannibu, what is the ESOS price? I'm sure it can't be lower than the par value..........tq

Posted by Kannibu > 2014-06-10 22:27 | Report Abuse

No disclosure was made as to the price of the ESOS. The board may choose to issue above or under the par value of the share which is at $1.00.

Posted by Kannibu > 2014-06-10 22:30 | Report Abuse

If it is above $1.00, the excess will be treated as shares premium and credited in the reserve account for future distribution either as a bonus or to mitigate losses through write off

Posted by Kannibu > 2014-06-10 22:35 | Report Abuse

If the ESOS was issued under $1.00, then the short fall from the par value and ESOS price will be treated as a deficit in the reserve account. In this case we'll see a erosion of the reserve account that ultimately reduce the chance of distribution through bonus issue

Posted by Kannibu > 2014-06-10 22:39 | Report Abuse

My guts feeling is that the ESOS was issued under the par value of $1 00, judging by Kheesan's highest traded volume in its history on yesterday 9/6 and at prices in the low 60s

Posted by Kannibu > 2014-06-10 22:43 | Report Abuse

If my fear is indeed the real scenario, then I must conclude that this board of directors ought to be sacked as they have no heart and consideration for the minority shareholders

Posted by Kannibu > 2014-06-10 22:45 | Report Abuse

Let's vote with our feet !

Posted by vinvin > 2014-06-10 23:14 | Report Abuse

Kannibu, do u think that the Bursa will allow the company to issue ESOS below par value at the expense of the minority shareholders? I think this is the first time I came across such thing. Sorry for my ignorance.

Posted by Kannibu > 2014-06-10 23:48 | Report Abuse

Such issuance of ESOS or private placement shares under the par value were so ubiquitous in the aftermath of 1997 financial crisis.

Posted by Kannibu > 2014-06-10 23:49 | Report Abuse

When the company needed to raise capital where there is no other avenue to do so, this is the easiest and fastest way.

Posted by Kannibu > 2014-06-10 23:51 | Report Abuse

If you are an employee of Kheesan who is entitled to the ESOS shares, will you pay at the par value of $1.00 when the market price is only $0.60 a share?

Posted by Kannibu > 2014-06-10 23:53 | Report Abuse

This is precisely what is happening in this ESOS issuance. Bursa has no qualm as to how much and how many ESOS shares are issued at any given time, except that there is a rule governing the maximum ESOS shares that can be issued within a prescribed period.

Posted by vinvin > 2014-06-11 00:02 | Report Abuse

Tq Kannibu for enlighten me on the ESOS matters.................the best thing for us to do is to avoid or stop supporting such companies. Don't u think so?

Posted by Kannibu > 2014-06-11 00:09 | Report Abuse

I should think so, vinvin. That includes LONBIS by the way

Posted by talkrealreal > 2014-06-17 23:11 | Report Abuse

Q to sell tomorrow

Posted by Kannibu > 2014-07-23 11:22 | Report Abuse

Pokai company. ESOS also need to do 2 rounds only can raise 9m shares

Posted by sasword > 2014-07-23 11:40 | Report Abuse

this stock waiting for ppl to goreng onli...

Posted by sasword > 2014-07-23 11:40 | Report Abuse

u wan do investment better try other good fundamental company...

Posted by Kannibu > 2014-07-23 12:13 | Report Abuse

Fundamentally this is an ok company, only in the wrong hands

Posted by Kannibu > 2014-08-01 14:44 | Report Abuse

False start again. After raising the ESOS, the cash-crazy DS Liew is gunning LONBISC

Posted by bing > 2014-08-06 15:14 | Report Abuse

Buy!

Posted by bing > 2014-08-07 10:09 | Report Abuse

Show start!

Posted by Kannibu > 2014-08-07 17:51 | Report Abuse

Lets hope it can continue the momentum this time, and not like the previous few rounds, one day show only

Posted by Kannibu > 2014-08-08 11:06 | Report Abuse

Tried to start the pushing up this morning but shot down by Obama

Posted by Stockaki > 2014-08-08 11:28 | Report Abuse

nevermind...it will be back after everything is stable :)

Posted by Stockaki > 2014-08-12 00:03 | Report Abuse

it is at uptrend now,TP0.69 from The Star :D Cheers...

Posted by talkrealreal > 2014-08-12 00:06 | Report Abuse

I don't think so ...

Posted by LUCAS > 2014-08-12 02:29 | Report Abuse

Quarter result will show strong profit