Golden summit sochai chong buy call this stock at 44 cents....... now all the followers in his fb live kena. But later he delete that live in fb , what a lousy man ........
Dont play contra sure u will lose to them. Look like they play one day show. As I see market still not good might drop back to 1480 points - 1450 points than consider to buy or not.....
Proposed Bonus warrants of 1 Free warrant for every 2 ACOSTEC share held will be finalised very soon upon obtaining relevant approvals as per announcement dated June 11 ,2020.
the share dropped 40 sen, and share price is only 0.385 ... owners got them FREE from those bought at 0.78 . LET GOD BLESS THE OWNERS WITH ABUNDANCE of ??????
Old glove names are coming out of the woodwork for a possible listing through reverse takeovers.
However, the possibility of its happening seems remote based on the choice of companies that is being touted as the reverse takeover target.
A few weeks ago Acoustech Bhd, a company that is in the business of manufacturing multimedia speakers systems, speaker units and specialised chemical paints, was speculated to be the backdoor vehicle of unlisted glove manufacturer WRP Asia Sdn Bhd.
The shares of Acoustech, that was trading at about 40 sen late last month shot up to more than 75 sen within a week. It was at the height of the glove frenzy that took Bursa Malaysia by storm for the whole month of May and early June.
The sharp rise in Acoustech, which is also into property development, caught the attention of Bursa Malaysia. Following a query, the company replied that there was nothing out of the ordinary happening, which warranted the sharp rise in the share price.
Yesterday, MQ Technology Bhd, a company that manufacturers various mechanical parts such as coils, precision plates, jigs and fixtures clarified to a news report that it was keen on negotiating with the shareholders of Latexx Partners.
Latexx Partners is a major glove manufacturer that was privatised in May 2013 at a cost of RM580mil by Semperit Group.
MQ Tech, which has a market capitalisation of only RM35mil and has been making losses in the last few years.
The company stated that it intends to acquire the glove company and would be in negotiations with the Semperit Group on the proposed acquisition.
MQ Tech also stated that the terms of acquisition have yet to be finalised.
With glove manufacturers having a heyday during this Covid 19 pandemic, Latexx Partner’s valuations would certainly be much higher now.
Which brings to question as to how would MQ Tech afford the purchase? Even if the deal is to be financed by issuance of new shares, Semperit would probably be left holding almost the entire company.
Secondly, it is not clear if Semperit is keen to do a deal with MQ Tech.
Obviously, the euphoria surrounding glove stocks have reduced as MQ Tech shares hardly moved following the report.
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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....
ianmsg7007
105 posts
Posted by ianmsg7007 > 2020-06-15 18:35 | Report Abuse
Haa die standing