google translate :) (KUALA LUMPUR) institutional investors to take advantage of falling prices to buy rubber Daga rich resources (TAKASO, 7071, the main board consumption), plus periodic trading patterns, driving the stock became Top Ten stocks today.
When the market opened this morning, Daga resource-rich micro-Yang 0.5 sen, 49 sen shares hang, but slightly quiet market today, trading is relatively hot, when closed volume of up to 54,001,600 shares of the hottest stocks One, the stock-Yang 2.5 cents to 51 cents; a slight slowdown in midday trading stock, when closing stock from 2.5 cents, 51 cents hanging volume 61,028,300 shares.
"The Edge Financial Daily" reported that a fund manager pointed out that some institutional investors from mid-February this year, while the front wing rubber prices rebound, beginning Daga rich resource equity holdings from the open market.
The company is a rubber company, its products, including the production and trading of high-quality baby products, toys and medical contraception condoms.
But fund managers also revealed that the trend of the stock is also trading patterns are cyclical, last August only 25 cents per transaction, in October rose 65 cents level, in January this year after falling to 50 cents higher to 71.5 cents for the period sexual mode, the mode with the possibility of a repeat.
Reference is made to the announcements made 2 October 2014 and 30 December 2014 in relation to the Proposed Acquisition. The definitions in this announcement shall have the same meanings as per the aforesaid announcements.
The Board of Directors of Takaso Resources Berhad (the "Company") wishes to inform that after taking into consideration the intention of the Company to deliver the performance of its existing secured construction business as announced on 13 January 2015 and the scale of the Proposed Acquisition, the parties to the Shares Sale Agreement ("SSA") had vide a Deed of Mutual Rescission dated 31 March 2015 (“DMR”) decided to revoke the SSA with effect from the date of the DMR and subject to the terms and conditions stated therein.
Salient Terms of the DMR
1.1 Mutual Release from performance
The Vendors releases the Purchaser from the due performance and observance of all its obligations and covenants under the SSA and the Purchaser likewise releases the Vendors from the due performance and observance of their obligations and covenants under the SSA.
1.2 Return of Deposit
The Vendors shall refund the sum of RM950,000.00 only being the refundable Deposit under the SSA to the Purchaser within 14 days from the execution of the DMR, free of interest.
The rescission of the Proposed Acquisition will not have any financial impact on the Company.
The Company will continue to seek potential construction projects, in line with Company’s strategic plan to grow and expand the Company’s construction business, pending approval from the Company's shareholders on the proposed diversification of the Company and its subsidiaries to include the construction business at the forth coming Extraordinary General Meeting on 2 April 2015, as well as to enhance the Company’s future prospects and revenue growth.
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Posted by speakup > 2015-03-24 11:34 | Report Abuse
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