Posted by soon9913 > 2018-05-21 16:19 | Report Abuse

if not list SG unit, where got money pay the RM260mil?

Posted by soon9913 > 2018-05-21 19:00 | Report Abuse

stockjob, u got more news to share bo?

Posted by stockjobber > 2018-05-21 19:13 | Report Abuse

soon9913 if not list SG unit, where got money pay the RM260mil?

AS per Prospectus...If cash option RM235M only, discount RM25m, to be funded by bank borrowing and/or internal generated funds.. This is the best option , no dilution on earnings !!

Posted by stockjobber > 2018-05-21 19:15 | Report Abuse

So far no but I think 0.5 tp is still intact...

Posted by stockjobber > 2018-05-21 19:25 | Report Abuse

They had earlier paid 23m deposit, 157m is to be paid after EGM (22.05.18) thats tomorrow !!
Thereafter each month 10m for follwing 5 months and lastly 5m Retention Money
Aggregate purchase price : 235m (A Bargain price !)

Posted by stockjobber > 2018-05-21 19:30 | Report Abuse

The above is Scenario B : Cash Option (discount 25M)

Posted by stockjobber > 2018-05-21 19:34 | Report Abuse

Given that approval from SG is not granted yet, I believe they have arranged with lenders to disburse the 157M to the vendors TOMORROW as per agreement !!

Posted by stockjobber > 2018-05-21 19:44 | Report Abuse

Wish my explanation above clear all your questions....Wish all of us GOOD LUCK

Posted by stockjobber > 2018-05-21 20:11 | Report Abuse

Anybody here going to EGM tomorrow ? Do post some insights....Tq

Posted by soon9913 > 2018-05-21 22:24 | Report Abuse

31.12.17, bank balance is RM1mil even plus the private placement is only RM23mil which is far away from The target amount.... Balance sheet is so so, hopefully the bank is able to give loan Rm200mil which I think is unlikely....

Posted by stockjobber > 2018-05-21 22:49 | Report Abuse

Why not ? They have started harvesting in FMU5 and can always use the land title as collateral for the bank loan

Posted by stockjobber > 2018-05-21 23:07 | Report Abuse

From what I observe, they will wire 157m to vendor right after getting SH's approval in EGM

Posted by Woo Kok Keong > 2018-05-22 10:05 | Report Abuse

Who got go meeting today? Pls share new here

Posted by soon9913 > 2018-05-22 10:26 | Report Abuse

the approval of the acquisition will be only done today. I don't think the bank can release pre-approved the loan and release loan immediately

Posted by soon9913 > 2018-05-22 10:26 | Report Abuse

anyhow, lets see how the decision is made

Posted by stockjobber > 2018-05-22 10:45 | Report Abuse

According to prospectus, today is the day to pay 157m...

Posted by junetan20 > 2018-05-22 12:26 | Report Abuse

buying q is much more than selling q

Posted by stockjobber > 2018-05-22 12:31 | Report Abuse

I think after today the price would go up steadily...

Posted by samuel > 2018-05-22 12:33 | Report Abuse

Today can reach 0.245?

Posted by low93999 > 2018-05-22 12:59 | Report Abuse

Samuel do u think will do? Haha

Posted by soon9913 > 2018-05-22 14:34 | Report Abuse

Samuel, how I wish 0.245, this round I want to sailing, I wan to see the last card!!

Posted by Woo Kok Keong > 2018-05-22 14:47 | Report Abuse

Go for dnex guy don't play fire here

Posted by samuel > 2018-05-22 14:53 | Report Abuse

A lot of wood harvested can be burn by fire.....

Posted by Woo Kok Keong > 2018-05-22 15:46 | Report Abuse

Haha I support your word samual

Posted by Woo Kok Keong > 2018-05-22 15:47 | Report Abuse

Omg 0.245 already

Posted by Woo Kok Keong > 2018-05-22 15:48 | Report Abuse

24!!!!

Posted by lilyhery7973 > 2018-05-22 15:49 | Report Abuse

OH noooooo...

Posted by Woo Kok Keong > 2018-05-22 15:49 | Report Abuse

I knowledge it drop until 15 sen

Posted by samuel > 2018-05-22 15:50 | Report Abuse

Thank you Woo Kok Keong

Posted by soon9913 > 2018-05-22 16:00 | Report Abuse

any update for the EGM?

Posted by winwin2288 > 2018-05-22 16:01 | Report Abuse

Market down today, why are you all so panic? aiyo

Posted by winwin2288 > 2018-05-22 16:02 | Report Abuse

queuing buy 0.245

Posted by samuel > 2018-05-22 16:08 | Report Abuse

not scared if it drops further tomorrow?

Posted by rijack88 > 2018-05-22 16:11 | Report Abuse

no scare at all.. if no drop how big shark can collect low and push further?

Posted by junetan20 > 2018-05-22 16:14 | Report Abuse

what bad news?

Posted by winwin2288 > 2018-05-22 16:15 | Report Abuse

if you have such comment pls proof it.

Posted by jun6 > 2018-05-22 16:16 | Report Abuse

@pennyking : what is the bad news so bad?

Posted by winwin2288 > 2018-05-22 16:17 | Report Abuse

such coward everywhere !

Posted by Smallchips > 2018-05-22 16:17 | Report Abuse

Big player wash down before qr

Posted by junetan20 > 2018-05-22 16:20 | Report Abuse

today lowest will be?

Posted by junetan20 > 2018-05-22 16:20 | Report Abuse

0.22?

Posted by stainlyho37 > 2018-05-22 16:26 | Report Abuse

what do u all expect qr3 result ??

Posted by jun6 > 2018-05-22 16:26 | Report Abuse

today PW got EGM, anyone has news from there?

Posted by Darshen > 2018-05-22 17:11 | Report Abuse

2 resolutions approved. Purchase approved and rights issue also approved. approved.

Posted by Ben_trade > 2018-05-22 17:13 | Report Abuse

Good news darshen. But why the sudden dip?

Posted by trader2015 > 2018-05-22 17:18 | Report Abuse

Pennyking don't t simply talk cock say got bad news and drop.

Posted by Smallchips > 2018-05-22 17:21 | Report Abuse

Is it because market not favour with the right issue?

Posted by trader2015 > 2018-05-22 17:22 | Report Abuse

Coming quarters result is good.

Posted by Maxigain > 2018-05-22 17:38 | Report Abuse

Right issue is old news, it was already proposed mths ago, but just approved last week. Today’s is panic selling when the mkt is on downtrend. Stay calm, will rebound tomorrow..

Posted by ran777rpt > 2018-05-22 17:42 | Report Abuse

Was told that 43mil shares on t4 today. Contras.