Posted by nsyee28282828 > 2016-01-19 09:49 | Report Abuse

shall Mr Pui object this proposal in the next EGM?
What about us as minority shareholders?

Posted by ZhugeNemo > 2016-01-19 10:21 | Report Abuse

I think Mr. Pui will go all out to defend his investment and just ride along with him. Seems like not much choice available to us as minority shareholders

Posted by ZhugeNemo > 2016-01-19 11:48 | Report Abuse

Looks like someone is trying to accumulate around 0.490 to 0.495

Posted by nsyee28282828 > 2016-01-19 12:15 | Report Abuse

If it is true the fair value of the shares are between 60.0 - 65.0 cts then the minorities have no alternatives but to hold on tight to the shares and to wait the whole process to be completed till the end...
Of course we want to see whether there is any turn around plan by the major shareholders...

Posted by yahoo1999 > 2016-01-19 14:34 | Report Abuse

:)

Posted by nsyee28282828 > 2016-01-19 16:05 | Report Abuse

The big players look set to sell down the share price some more?
Really not good news for the minorities

Posted by nsyee28282828 > 2016-01-19 19:39 | Report Abuse

Just check whether this is possible
return all the cash on pro rata basis (including the cash after the selling off of investment properties and assets)only then Abric sell off the listing status by way of RTO??
I being told listing status worth at least 10mil

Posted by ZhugeNemo > 2016-01-19 19:49 | Report Abuse

Short Term Volatility Is Expected. Once Investor digested the Shock , things will stabilised. Furthermore this is just a proposal by Controlling Shareholder but yet to get the Approval Of Majority Shareholders.

Posted by firehawk > 2016-01-19 22:22 | Report Abuse

why dun they offer the listing status for RTO?

Posted by Khai Zam > 2016-01-20 09:16 | Report Abuse

shall we wait for the outcome of the meeting?

Posted by nsyee28282828 > 2016-01-20 09:23 | Report Abuse

The BODs is currently controlled by the Ong family, not sure whether they already have the support of 51% of the votes
By the way, some one can confirm to delist a company whether they need at least 75% support of votes or not?

Posted by Kris Wong > 2016-01-20 09:44 | Report Abuse

The delisting is due to the company's failure to acquire a new business within the required timeframe under Bursa Malaysia's PN16 listing rules

Posted by nsyee28282828 > 2016-01-20 10:08 | Report Abuse

Technically June2016 is the dateline given by Bursa, any date earlier than i.e. June2016 shareholders's consent is no longer required??

Posted by kakashit > 2016-01-20 10:39 | Report Abuse

i think this a rational decision to get delisted, there is literally no biz opportunities.

If they descided to get into oil&gas or prop development, i will be fainted right away

Posted by nsyee28282828 > 2016-01-20 11:31 | Report Abuse

export business like furniture, glove, timber related
others business like food and beverage, e-commerce, healthcare has good prospect

Posted by FaithTrader > 2016-01-20 14:53 | Report Abuse

Let us (small retail) play by the ear. The minority (with largest shareholdings) may have a way out to give a new lease of life, perhaps injecting his/her own outfit into Abric......

Posted by Khai Zam > 2016-01-21 10:05 | Report Abuse

to hold or to sell?

Posted by Alex Woo > 2016-01-21 10:19 | Report Abuse

Hold tight , asset + cash is about $0.63 per share . now giving back $0.43 , balance after sell the asset.

Posted by nsyee28282828 > 2016-01-21 12:19 | Report Abuse

It could be Mr Pui is accumulating at this level 48.5-49.0 level to average its cost of investment. He bought a lot of shares price ranging from 50.0-60cts

Posted by nsyee28282828 > 2016-01-21 12:21 | Report Abuse

panic investors who cant wait will sell to him

Posted by ZhugeNemo > 2016-01-22 11:43 | Report Abuse

Just Wait For The Circular For EGM

Posted by nsyee28282828 > 2016-01-27 10:19 | Report Abuse

anyone intend to buy at 48.0?

Posted by ZhugeNemo > 2016-01-28 17:57 | Report Abuse

Hmmm , Have been quite A while , Yet No Announcement on the Circular For EGM

Posted by ZhugeNemo > 2016-01-29 18:28 | Report Abuse

Change Plan?

Posted by nsyee28282828 > 2016-02-02 12:10 | Report Abuse

who control 51% of stake will has the final say on new plan...I believe

Posted by ZhugeNemo > 2016-02-02 14:27 | Report Abuse

Seems like something brewing....

Posted by nsyee28282828 > 2016-02-04 12:48 | Report Abuse

stock very quiet today...

Posted by ZhugeNemo > 2016-02-12 16:07 | Report Abuse

GONG XI FA CAI
With Regards To Abrics, It is rather abnormal to take such a long time to issue a circular for EGM.
Seems Like something is brewing

Posted by nsyee28282828 > 2016-02-15 14:08 | Report Abuse

RTO is a better option instead of returning the cash, I opine

Posted by ZhugeNemo > 2016-02-16 11:03 | Report Abuse

Getting Interesting

Posted by Alex Woo > 2016-02-16 12:03 | Report Abuse

Have any latest news ? Price already RM0.5.

Posted by Up_down > 2016-02-16 14:10 | Report Abuse

Abric is catered for low risk takers. You can earn positive returns at least better than FD rate. It doesn't matter whether the company goes for capital distribution or RTO.

Posted by nsyee28282828 > 2016-02-22 09:17 | Report Abuse

What's going on here? EGM or no EGM?

Posted by nsyee28282828 > 2016-02-22 19:43 | Report Abuse

latest NTA/share is 63.0?

Posted by ZhugeNemo > 2016-02-22 19:43 | Report Abuse

Maybe Plan B is on the Way..

Posted by Kris Wong > 2016-03-02 15:04 | Report Abuse

Why take so long to have the EGM or update ?

Posted by firehawk > 2016-03-07 15:26 | Report Abuse

Extract from 18Jan announcement:

9. ESTIMATED TIMEFRAME FOR COMPLETION
Barring unforeseen circumstances and subject to all relevant approvals being obtained, the
Proposed Distribution and Delisting is expected to be completed during the second (2nd)
quarter of the calendar year 2016.

Posted by kakashit > 2016-03-08 08:23 | Report Abuse

i check through the warrant shareholder list, 8m warrants in total, mostly owned by small n tiny investors.

They might forget their warrants even exist n let it lapsed,

then it will not dilute the piece of cake that we're gonna split, haha

Posted by Kris Wong > 2016-03-08 11:23 | Report Abuse

Only the directors and/or major shareholders would be the first to know when the EGM to be held ! R they hoping to collect more at lower price by delaying the EGM ?

Posted by Markus See > 2016-03-09 12:53 | Report Abuse

page 16 / 151 of their Annual report regarding the directors remuneration.

Since this company has no core business anymore... Why is the Ong family still withdrawing such high salaries. Millions for "running" an all cash company. Oh well, if I were him, I would happily taking the salary too.

Still wonder how the company reported loss for their latest quarter?

Posted by Kris Wong > 2016-03-09 15:22 | Report Abuse

Gaji Buta with no work to do and yet take so long for the Directors to decide when to hold the EGM by issuing the necessary EGM Circular !!!

Posted by nsyee28282828 > 2016-03-10 09:59 | Report Abuse

High salaries of directors can be referred to their Remuneration Committee Members I believe

Posted by nsyee28282828 > 2016-03-10 10:03 | Report Abuse

If everything firm up, there should have no issue to issue circular for EGM within ONE MONTH

Posted by ZhugeNemo > 2016-03-14 17:59 | Report Abuse

AGM 6th April

Posted by Kris Wong > 2016-03-15 08:43 | Report Abuse

But where is the EGM for the proposed Distribution & Delisting ? AGM for only to approve 'Gaji Buta' to Directors !!!

Posted by cl78 > 2016-03-16 16:58 | Report Abuse

2015 Annual report indicated that one of the executive directors, Caroline Ong (daughter of the chairman) only attended 3 out of the 5 meetings. This could be due to her being a full time MBA student at Oxford university from Sept 2014-Sept 2015. And she got paid >400k ringgit! How can small shareholders vote to reduce the no. of executive directors? Can we vote against relecting the chairman in this coming AGM and instead vote for Mr. Pui to be on the board to protect our interests?

Posted by cl78 > 2016-03-16 17:24 | Report Abuse

For those who are not happy with the Directors remuneration, you can vote against approving the fees during the coming AGM. Same for the re election of Dato Ong.

Posted by Kris Wong > 2016-03-17 09:46 | Report Abuse

Definitely not happy and will vote against approving such nonsensical fees !!!

Posted by nsyee28282828 > 2016-03-17 10:46 | Report Abuse

I opine you can post the questions on remuneration on/of directors to the Remuneration Committee to find out how they fix it and what are their justifications for the payment?

Posted by Kris Wong > 2016-03-17 11:48 | Report Abuse

Don't waste time, just say NO to their fees at AGM after delaying the distribution for so long !!!