Posted by jungleboy > 2020-09-04 17:14 | Report Abuse

11.5...not easy to get la

Posted by jungleboy > 2020-09-04 20:04 | Report Abuse

hopefully new boss will push up gpa value after tkover

Posted by Vanbasten > 2020-09-04 21:22 | Report Abuse

Buy rubberex boss is personal friend he's a resourceful guy.. Big plans for this company.... All in

Posted by FutureGains > 2020-09-05 14:28 | Report Abuse

will be having right issue soon to fund the 150m startup glove biz..

Posted by HamsterHuat > 2020-09-05 19:54 | Report Abuse

see GP have no more news...now need to dig money so that can join the bandwagon to produce glove....

So can go up kah?

Posted by jungleboy > 2020-09-06 07:47 | Report Abuse

bought in the cmpny...got money but wana build glove factory..still wana use rights issue to get investor money?

Posted by Ken > 2020-09-06 08:39 | Report Abuse

Not right issue,it's private placement,if right issue then is bad news

Posted by Bemillion > 2020-09-06 10:44 | Report Abuse

Galaxy coast... registered in BVI... Be a substantial holder..push and dump ..and away emmmmm

Posted by Bemillion > 2020-09-06 10:45 | Report Abuse

Here in bursa lots of scammner and syndicate too yeeah..never thought of this before... dangerous place emmmm

Posted by Bemillion > 2020-09-06 10:46 | Report Abuse

Lots of planning after planning ,RI after RI... PP after PP...then same no djfference

Posted by Bemillion > 2020-09-06 11:44 | Report Abuse

Who owns Galaxy Coast BVI

Posted by Erijutawan > 2020-09-06 14:32 | Report Abuse

Should be Eddie Ong.

Posted by slurer73 > 2020-09-06 14:58 | Report Abuse

During the tussle, Galaxy Coast BV took up the 28% for Regal Orion which then lost out to Eddie Ong's takeover. Still 18% to sell before any upward movement can be seen. Once done, counter should move upwards.

Posted by ladybell > 2020-09-06 17:55 | Report Abuse

what is galaxy coast doing!

Posted by trythis > 2020-09-06 20:33 | Report Abuse

But GPA not mention RTO to data center previously? Now doing glove business? So to RTO or not to RTO? Haha

Posted by ranacinggey > 2020-09-07 09:59 | Report Abuse

WOWWWW
.....greennnnn.....what hapen

Posted by jungleboy > 2020-09-07 09:59 | Report Abuse

goreng up in process?!

Posted by bjgdila123 > 2020-09-07 10:11 | Report Abuse

sapuuuu good news marii

Posted by poseidon80 > 2020-09-07 10:26 | Report Abuse

Regal rto is real

Posted by jungleboy > 2020-09-07 10:49 | Report Abuse

then limit up la...apa tunggu lagi

Posted by poseidon80 > 2020-09-07 11:47 | Report Abuse

Glove business one of the gpa subsidiary Going to enter.. but the GPA company is rto by regal Orion

Posted by Bemillion > 2020-09-07 12:53 | Report Abuse

If galaxy own by eddie .... Smart manouvre..overlapping layering exactly 1MDB alike..thats why register BVI....... Hope RTO by regal materialised..do both bz niche diversified .then GPA confirmed rocket

Posted by Bemillion > 2020-09-07 12:54 | Report Abuse

Eddie want to control GPA ..at same time riding Regal win win

Posted by Bemillion > 2020-09-07 12:54 | Report Abuse

Smart

Posted by jungleboy > 2020-09-07 16:27 | Report Abuse

eddie do 1 stone kills 2 birds la...be patient ..guys...

Posted by investorwannabe > 2020-09-07 17:52 | Report Abuse

Quite high volume today. What's cooking at GPA?

Posted by investorwannabe > 2020-09-07 20:37 | Report Abuse

Director Resignation - MR GAN LOCK YONG @ GAN CHOON HUR on 07-Sep-2020

Posted by jungleboy > 2020-09-07 20:52 | Report Abuse

news said eddie likely to win the gpa takeover.. the price should be more than current price..else wont be attractive for gpa boss to sell off its sharr

Posted by jungleboy > 2020-09-07 20:57 | Report Abuse

is technical chart showing possibly uptrend tmrw onwards?!

Posted by David Coperfield > 2020-09-07 21:56 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3086063

Posted by David Coperfield > 2020-09-07 21:56 | Report Abuse

Newsbreak: Eddie Ong the front runner to control GPA
TheEdge Mon, Sep 07, 2020 05:00pm - 4 hours ago


DATUK Eddie Ong Choo Meng, who recently took control of Rubberex Corp (M) Bhd, is understood to have emerged as the front runner to take over GPA Holdings Bhd, sources familiar with the matter tell The Edge.

It is said that Ong has pipped data centre operator Regal Orion Sdn Bhd and is in the final stage of talks to wrest control of GPA, but details of the deal were unknown at press time, with both parties keeping the terms close to their chests.

Ong could not be contacted to confirm or deny the speculation, but market talk has it that he could emerge in GPA in as early as a week or two, if all goes well.

“His offer is a little better than that of Regal Orion. There were two or three parties, but he looks like the best bet to take over GPA,” one merchant banker familiar with the deal says, but declines to comment further.

Last month, The Edge reported that Regal Orion was in talks for a reverse takeover, which was subsequently confirmed by GPA.

In response to the Bursa Malaysia query, GPA said on Aug 10: “Upon enquiry with the board of directors and major shareholder of the company, Tan Sri (Robert) Tan Hua Choon, the non-independent and non-executive chairman of the board and major shareholder of the company, has confirmed that he has been approached by several interested parties, including the company named in the aforesaid newspaper article (Regal Orion), for possible asset injection into GPA. However, there has not been any concrete development thereof which would warrant an announcement to be made at this point of time.”

On Aug 26, Tan ceased to be a substantial shareholder after disposing of 277.65 million shares or 28.32% equity interest in GPA. In an amended announcement to Bursa on Aug 26, the company said Tan had also disposed of 124.74 million warrants.

Checks on Bloomberg indicate that 277.65 million shares of GPA had changed hands in morning trade on Aug 26 at 16 sen, for a total value of RM44.42 million. There has yet to be any announcement of who the buyer was.

Last Friday, GPA shares closed at 21 sen apiece, giving the company a market capitalisation of RM205.9 million. The stock, which was listed in 2000, hit an all-time high of 33 sen on Aug 27.

As at end-June, GPA had a net asset per share of 11 sen. According to the company’s latest annual report, in FY2019, it had two parcels of land, one measuring 6.1 acres in Klang (on which sits an office and a warehouse) and the other measuring 3.03 acres also in Klang (on which sits a warehouse that has been rented out). Collectively, the two parcels had a net book value of RM43.14 million in March 2016.

For the first three months of FY2021 ending March, GPA chalked up a net profit of just RM69,000 from RM7.61 million in revenue. For the corresponding period a year ago, it recorded a net profit of RM180,000 from RM5.91 million in sales. As at end-June, GPA had cash and bank balances of RM62.88 million, but it had little in terms of liabilities.

It is interesting to note that Tan and his long-time lieutenant Datuk Anderson Thor Poh Seng stepped down from their respective positions on GPA’s board, as non-independent and non-executive chairman and non-independent non-executive director respectively on Aug 26. Tan’s reason for stepping down was that he had “ceased to be major shareholder” while Thor’s was a “change in major shareholder”.

In the meantime, Koo Kien Yoon was appointed an executive director of GPA. Interestingly, he has directorships at Lambo Group Bhd and Vsolar Group Bhd.

GPA’s core business lies in the manufacturing of batteries while Ong, who is in his early forties, is executive director of chemical firm Hextar Global Bhd and non-executive director of industrial products supplier SCH Group Bhd.

At Hextar Global, Ong and his father Datuk Ong Soon Ho have 67.585% equity interest, held via Hextar Holdings Sdn Bhd. Hextar Global’s shares closed at 69 sen last Friday, giving the company a market capitalisation of more than RM566.27 million.

Hextar Holdings holds a 30.91% stake in SCH Group. The latter’s share price closed at 12.5 sen last Friday, giving the company a market capitalisation of RM69.4 million.

Ong has been in the news lately. In July, he undertook a mandatory general offer (MGO) for Rubberex at RM1.80 per share, having made an acquisition of another 20.63% equity interest for RM103.05 million, raising his stake to 50.18% or above the 33% threshold that triggers an MGO.

However, the sharp gain in Rubberex’s share price, which closed at RM5.66 last Friday to give the company a market capitalisation of more than RM1.57 billion, rendered Ong’s general offer unattractive.

Posted by jungleboy > 2020-09-08 08:09 | Report Abuse

comfort posted good net profit..mighy push up glove stocks whch in turn push up rubberex that its bos link to gpa

Posted by investorwannabe > 2020-09-08 10:40 | Report Abuse

boring morning

Posted by jungleboy > 2020-09-08 11:19 | Report Abuse

all red...any big bad news?

Posted by cumcumshot > 2020-09-08 13:34 | Report Abuse

GPA will be at this level for weeks. Congratulations. It may not drop further if no major bad news.

Posted by chepac > 2020-09-08 16:51 | Report Abuse

No RTO .. they already announce placement at 17c , will give eddy control already. And announced going to build glove lines over two years. So no RTO.

Posted by Golfkaki > 2020-09-08 17:04 | Report Abuse

It has weakened over the last few days with no major push... it is time to move on, people.

Posted by decentguy > 2020-09-08 19:25 | Report Abuse

only 11% how to control???

Posted by jungleboy > 2020-09-08 21:20 | Report Abuse

gpa stabilising above 20

Posted by BearishTrend > 2020-09-08 21:52 | Report Abuse

Might hv some more correction tmr

Posted by cumcumshot > 2020-09-08 21:53 | Report Abuse

DJ has dropped 530pts at this hour. Will KLSE drop further tomorrow? This is the risk I mentioned earlier, holding on to a consolidation phase counter & get yourselves exposed to daily uncertainties & market systematic risk.

Posted by decentguy > 2020-09-08 22:58 | Report Abuse

nonsence

Posted by jungleboy > 2020-09-09 08:02 | Report Abuse

dj drop ytrdy..surely everyone expect red again today but will gpa move the opposite unexpectedly?! let see..

Posted by investorwannabe > 2020-09-09 08:32 | Report Abuse

Opening red

Posted by jungleboy > 2020-09-09 09:25 | Report Abuse

all red mostly

Posted by cumcumshot > 2020-09-09 10:29 | Report Abuse

Congratulations to all the guys.

Posted by jungleboy > 2020-09-09 10:50 | Report Abuse

congrats on wht?!

Posted by investorwannabe > 2020-09-09 10:57 | Report Abuse

congrats on getting caught! haha

Posted by thehoff > 2020-09-09 11:01 | Report Abuse

i dont understand..loss making Gets Global announced they are going into gloves, limit up like crazy..why GPA announce nothing happened?

Posted by Erijutawan > 2020-09-09 11:13 | Report Abuse

Gets got Mandatory Take Over by new share holder at 0.55.