SYF Resources Bhd chairman Ng Ah Chai plans to boost his interest in Inch Kenneth Kajang Rubber Public Ltd Co by as early as this week. Last week, BT reported that the tycoon was going to raise his personal stake in Inch Kenneth to about 10%.
Subsequently, on Jan 17, Inch Kenneth told the stock exchange that Ng had bought more of the company's shares from Jan 11-17 this year.
Against this backdrop, Inch Kenneth had started buying back its own shares in recent days. From Dec 27 last year until today, the company has bought back some 6.39m of its shares to bring its treasury shareholding to 6.75m shares.
As a result of the purchase, Ng now controls 42.16m Inch Kenneth shares, giving him ownership of 10.2% of the company. Ng and parties alligned to him are expected to boost their stake in Inch Kenneth to about 15% by the end of this week, said a person familiar with Ng's plans for the company. "Ng might tie up with another public-listed company to gain a firmer foothold in Inch Kenneth," said the source. The source said by the end of next week, they will request for a board seat.
"Their desire for now is not to take control of Inch Kenneth, but to force the current Inch Kenneth board to either return the cash from the company's war chest or to provide a detailed plan on the company's future development plans." (BT)
THIRTY LARGEST WARRANTHOLDERS ACCORDING TO RECORD OF DEPOSITORS AS AT 30 NOVEMBER 2012 Name No. of Warrants % of Warrants 1 Maybank Securities Nominees (Tempatan) Sdn Bhd Pledged Securities Account For SMB Resources Sdn Bhd 3,000,000 8.48 2. Maybank Securities Nominees (Asing) Sdn Bhd Pledged Securities Account For Seyed Abu Tahir Bin Buhary (Margin) 2,625,300 7.42 3. Mohamed Rafiq Bin Mohamed Ibrahim 2,530,400 7.16 4. HSBC Nominees (Asing) Sdn Bhd Exempt An For Bsi Sa (Bsi Bk Sg-Nr) 1,000,000 2.83 5. Maybank Securities Nominees (Asing) Sdn Bhd Maybank Kim Eng Securities Pte Ltd For Aab Capital Pte Ltd 1,000,000 2.83 6. Syed Mohamed Buhari Mohamed Ansari 700,000 1.98 7. Goh Ten Fook 680,000 1.92 8. Ong Chin Yew 600,000 1.70 9. Tailami A/P Palaniandy 600,000 1.70 10. Koh Peng Cheong 446,834 1.26 11. Roslan Bin Zainal 410,000 1.16 12. Goh Lee Yen 400,000 1.13 13. SMB Resources Sdn Bhd 395,800 1.12 14. Phang Yew Ming 395,000 1.12 15. RHB Capital Nominees (Tempatan) Sdn Bhd Oon Poh Choo 373,500 1.06 16. Chin Bak Kim @ Ch’ng Bak Kim 360,000 1.02 17. Sentral Bina Jaya Sdn. Bhd. 350,000 0.99 18. Tommy Lee Chee Yeow 320,700 0.91 19. Kong Lieng Tee 310,000 0.88 20. Choong Thiam Fatt 300,000 0.85 21. Loh Yoon Meng @ Loh Yoon Min 280,300 0.79 22. Thong Chee Thim 270,000 0.76 23. Affin Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Tan Boon Pock (Tan6190m) 250,000 0.71 24. Md. Radzi Bin Md Lazim 250,000 0.71 25. Koh Weng Foo 240,000 0.68 26. Maybank Securities Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Naemah Ariza Binti Abdul Aziz@ Mohd 226,300 0.64 27. Thong Ah Foong 213,000 0.60 28. HLB Nominees (Tempatan) Sdn Bhd Hong Leong Bank Berhad 211,600 0.60 29. Goh Thiam Seng 210,000 0.59 30. Ecml Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Ng Wui Heong (Mg0000140) 201,509 0.57
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Matsaham Mashuk
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Posted by Matsaham Mashuk > 2013-01-11 10:34 | Report Abuse
Hmm..AGM on 23/1/13..uptrend mode..smile--)