ARB BERHAD

KLSE (MYR): ARBB (7181)

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Last Price

0.055

Today's Change

0.00 (0.00%)

Day's Change

0.055 - 0.06

Trading Volume

2,556,900


62 people like this.

25,474 comment(s). Last comment by A_Elder 2 days ago

Posted by Musang King > 1 month ago | Report Abuse

Yesterday Night Closing : Currency in USD 2.23
Date Open High Low Close* Adj Close** Volume
Jan 02, 2024 2.5000 2.5000 2.0600 2.2300 2.2300 159,800

Posted by Musang King > 1 month ago | Report Abuse

Description
DISTRIBUTION-IN-SPECIE OF UP TO 20,124,963 ORDINARY SHARES IN ARB IOT GROUP LIMITED ("AIGL") ("AIGL SHARES"), REPRESENTING APPROXIMATELY 76.12% EQUITY INTEREST HELD BY ARB BERHAD ("ARB") IN AIGL, ON THE BASIS OF 14 AIGL SHARES FOR EVERY 1,000 ORDINARY SHARES IN ARB ("ARB SHARES") HELD BY THE ENTITLED SHAREHOLDERS OF ARB WHOSE NAMES APPEAR IN THE RECORD OF DEPOSITORS OF ARB SHARES AS AT 22 JANUARY 2024 ("DIVIDEND-IN-SPECIE")

About ARB BERHAD
ARB Berhad, an investment holding company, manufactures and sells wood products primarily in Malaysia. It operates through five segments: Investment Holdings and Others, Manufacturing of Wood Products, Barging, Timber, and Information Technology. The company manufactures sawn timber and veneer. It also engages in the provision of scows and tug boats hiring services; consulting services for project management; management services; and timber contracting activities. In addition, the company is involved in reselling customized enterprise resource planning software system and information technology related services. ARB Berhad was founded in 1989 and is headquartered in Tawau, Malaysia.

How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.

On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
YES ; ONLY SAW THIS ANNOUNCEMENT TODAY. THANKS ABBA84.

Posted by Musang King > 1 month ago | Report Abuse

HOLDING NASDAQ SHARES IS DEFINATELY MORE VALUABLE AND MORE MARKETABLE THAN OUR MSIAN MARKET SHARES. THE PROSPECT IS SURELY BETTER IN TERM OF PERFORMANCE AND RETURNS.

felet404

69 posts

Posted by felet404 > 1 month ago | Report Abuse

Fatty Liew using this exercise to dump his shares to the market and take this opportunity to cash out? NASDAQ shares more valuable? The whole exercise just giving out useless paper shares which cost zero for Fatty Liew to print,shares exchange shares? ARBIOT stock will go back to less than USD1. I wonder if the company still got any cash left or fully plundered by conmen through fake projects, investments, MOUs?

felet404

69 posts

Posted by felet404 > 1 month ago | Report Abuse

A company that truly make real profit will be paying you real dividend in cash, not giving you useless shares that is manipulated by the 'dealer' behind. Go and watch "The Gold Finger" can learn a thing or two from the movie.

Posted by Musang King > 1 month ago | Report Abuse

Maybe his intention is to convert our ARBB shares to Nasdaq ARBIOT shares which is a Noble Move. Giving out Cash Dividends defeat this purpose. Don't you think so?

DragonG

143 posts

Posted by DragonG > 1 month ago | Report Abuse

After the ex date on 19/1 , when the shareholders will receive the ARBIOT shares?

ykyew11

476 posts

Posted by ykyew11 > 1 month ago | Report Abuse

"Noble Move" LOL, perhaps changing auditors multiple times is a noble move as well. Surprised that there are still people that place their faith with the management

Posted by Musang King > 1 month ago | Report Abuse

When we want to win Big, we must be Positive. LOL. DragonG, they have mentioned the ARB IOT shares will be received and transfer to us at no cost to us. See how they do it. Maybe open a new Nasdaq account for us all so that we can trade in our own Remiser's website together with our other KLSE shares.

Posted by Musang King > 1 month ago | Report Abuse

The shareholders of the Company whose names appear in the Record of Depositors of ARB Shares as at 5:00 p.m. on Monday, 22 January 2024 ("Entitlement Date") shall be entitled to the Dividend-in-Specie ("Entitled Shareholders"). The Entitled Shareholders will receive their entitlements to the Distributable Shares at no cost.

cicakman

5,942 posts

Posted by cicakman > 1 month ago | Report Abuse

Giving paper n later px adjust become toilet papers🤣

Posted by Musang King > 1 month ago | Report Abuse

Date Open High Low Close* Adj Close** Volume
Jan 10, 2024 1.6000 1.6100 1.5400 1.5800 1.5800 23,500
Jan 09, 2024 1.6700 1.6700 1.5200 1.5900 1.5900 43,500
Jan 08, 2024 1.4300 1.7000 1.4300 1.4900 1.4900 52,100
Jan 05, 2024 1.6500 1.7000 1.4500 1.4600 1.4600 63,700
Jan 04, 2024 1.7200 1.9000 1.6700 1.6900 1.6900 81,600
Jan 03, 2024 2.2400 2.2400 1.7000 1.7700 1.7700 136,800
Jan 02, 2024 2.5000 2.5000 2.0600 2.2300 2.2300 160,200
Dec 29, 2023 2.4000 2.6000 2.3000 2.5500 2.5500 256,300
Dec 28, 2023 2.2100 2.6390 2.1500 2.5200 2.5200 895,900
Dec 27, 2023 2.4400 2.4400 1.8900 2.3200 2.3200 2,677,400
Dec 26, 2023 2.2500 4.5400 2.1540 2.5900 2.5900 99,429,200

Posted by Musang King > 1 month ago | Report Abuse

EX-date 19/1/2024.

Posted by Musang King > 1 month ago | Report Abuse

Next week 5 days left to give yourself a chance to get Dividend in Specie of 14 Nasdaq Share of ARB-IOT for every ARBB shares you buy from KLSE. I have bought mine and the ex-date is on the 19/1/2024. I have never own any Nasdaq or Overseas shares before. Hope I got to taste what owning Nasdaq Shares is like. If you ask me to buy straight from the Nasdaq Trading, I won't because No.1, they are all mostly very expensive. No.2, they are all very foreign to me.

felet404

69 posts

Posted by felet404 > 1 month ago | Report Abuse

NASDAQ share mostly very expensive? Means u have no idea how NASDAQ run, their price of 1.50 means 1.50 USD , not 1500 USD. Don't expect too high on such offering, based on track record, ARB not so generous, top management will suck the money out of the company. If not, why keep on changing auditors and even their CFO? You didn't smell anything fishy? First Ageson, then Annum, one by one you can see their faith, all being sucked until dry.

宗翰

2 posts

Posted by 宗翰 > 1 month ago | Report Abuse

A question here,how to sell ARB-IOT since I dont have own any foreign account.

Posted by Musang King > 1 month ago | Report Abuse

I think that would be arranged by the Management as stated "The Entitled Shareholders will receive their entitlements to the Distributable Shares at no cost." It means to me that They will arrange everything to us at no further cost and allow us to trade altogether with an account linked to our Normal Trading Account in Malaysia. If I am wrong, please correct me. TQ.

Yuan28

10 posts

Posted by Yuan28 > 1 month ago | Report Abuse


ARB Berhad Proposed Dividend-in-Specie: What Does it means?

https://www.dexterchia.com/blog/arb-berhad-proposed-dividend-in-specie-what-does-it-means

Posted by Musang King > 1 month ago | Report Abuse

ARBB-PA delisted yesterday 16-1-2024 but we investors have not received the auto conversion to ARBB shares yet. The Management should automatically inform us and change our ARBB-PA delisted to ARBB shares without any delay. PLEASE. TQ.

Posted by Musang King > 1 month ago | Report Abuse

Thanks Yuan28 for the info regarding the new application for a Foreign Account after we got our Dividend-in-specie from ARBB. Thank you.

Posted by Musang King > 1 month ago | Report Abuse

2024-01-10 2024-01-11 2024-01-12 2024-01-16
Last 1.58 $ 1.52 $ 1.45 $ 1.42 $
Volume 23 458 53 127 17 385 26 328
Change -0.63% -3.80% -4.61% -2.07%
Opening 1.60 1.56 1.49 1.41
High 1.61 1.60 1.55 1.49
Low 1.54 1.48 1.45 1.41

Posted by Musang King > 1 month ago | Report Abuse

Currently performance in Nasdaq is USD1.42. If compared with our Malaysian Price of RM0.09 their Nasdaq price should be USD1.38 per share there. But our Malaysian price drops to RM0.08 now. But the Nasdaq price is still higher than our Malaysian Price in comparision. Still worth to buy if ARBB drops lower than RM0.09 per share here. My sincere opinion only. Trade at your own risk.

felet404

69 posts

Posted by felet404 > 1 month ago | Report Abuse

What is your basis when you say it is "worth to buy"? Does the company have any proper project? Proper software or solution which is well sought after in the market? or it is purely hoax? Based on MOU announcement?

Posted by Musang King > 1 month ago | Report Abuse

Based on their Historical Records only. If they are Fakes, we are putting ourself to Risk. Thanks felet404 for your Alert.

Posted by Musang King > 1 month ago | Report Abuse

How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.

On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.

felet404

69 posts

Posted by felet404 > 1 month ago | Report Abuse

Borrow the words from someone in forum:

Peter Lynch said never buy a stock if you cannot understand its earnings

If you cannot write out in once sentence with a chalk how it makes it monies then you should not buy it

Always buy stocks which you can understand its business how it generates its income

Please advise, or point out their so called business that earn millions? If is so good? How come nobody in IT line heard about it?

Posted by Musang King > 1 month ago | Report Abuse

I also saw the Red Alerts you posted. That's why I stopped buying in anymore. Better be careful not to put so much of my eggs into one basket. Thanks felet404. I am observing. Even the Nasdaq side ARB-iot price dropping every day.

Posted by Musang King > 1 month ago | Report Abuse

I am treating my risky investment into ARB-IOT as like hedging into the US Dollars as the latest current news from Bernama says as follow :- "At the current juncture, the US dollar/ringgit will continue to flirt around the RM4.70 level. The current support and resistant level stands at RM4.6611 and RM4.7958 respectively," he told Bernama.

Posted by Musang King > 1 month ago | Report Abuse

Just Announced Today - Listing will be tomorrow 19/1/2024 regarding : Details of corporate proposal Conversion of Irredeemable Convertible Preference Shares to Ordinary Shares
No. of shares issued under this corporate proposal 11,931,829

Posted by Musang King > 1 month ago | Report Abuse

Should be the Final and the Last Batch of PA conversion to Mother Shares. Listing tomorrow 19/1/2024.

RJ87

5,044 posts

Posted by RJ87 > 1 month ago | Report Abuse

Last time there was an id*iot arguing with me on how visionary ARB is… that time was 13.5 sen. Now 5sen, where is the fella? I hope he didn’t died standing.

felet404

69 posts

Posted by felet404 > 1 month ago | Report Abuse

Already warned you guys this is a CONMAN counter, same boss same company ARBB, ANNUM, AGES, all same same, from China to Malaysia and will be running to other country as his next stop to repeat the same thing.
For those who think "the stock is low enough, good time to pick up", good luck to you, it will only go lower. The cash already been siphoned out gradually and what is left will be just an empty shell. BURSA not taking action, God will punish the culprit behind, just the matter of time.

Victim1

31 posts

Posted by Victim1 > 1 month ago | Report Abuse

Bursa won't take any action against them until all investor make media sosial and complaints to sc many victims.

Posted by Musang King > 1 month ago | Report Abuse

This ARBB today is acting very strangely. Despite today 19/1/2024 is an ex-date for Dividend in Specie distribution, yet the price of ARBB drops very little. Anything up that we do not know. Please advise. Strange ARBB.

Already INFORMED BY BURSA very clearly on the Ex-Date :
How to be entitled -
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.

On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.

Posted by Musang King > 1 month ago | Report Abuse

Today Ex-Date ARBB immediately re-corrected its price to 3.5 sen a share traded at opening 9.00am but strangely due to demands, ARBB went up to 6.0 sen. What's up, ARBB ?

Yuan28

10 posts

Posted by Yuan28 > 1 month ago | Report Abuse

ARB Berhad Proposed Dividend-in-Specie: What Does it means?

https://www.dexterchia.com/blog/arb-berhad-proposed-dividend-in-specie-what-does-it-means

Posted by standard77 > 1 month ago | Report Abuse

Is there someone have got their shares in NASDAQ???

Posted by chickenriceseller > 1 month ago | Report Abuse

how does bursa malaysia and sc allow this nonsense. invest malaysia give us share. next apa give timbuktu shares ke.

Posted by chickenriceseller > 2 weeks ago | Report Abuse

hello sc and bursa what is this nonsense no fix date one

A_Elder

48 posts

Posted by A_Elder > 1 week ago | Report Abuse

received letter from ARBB today with instructions on how to execute the share transfer

Posted by alexanderzack > 1 week ago | Report Abuse

Congratulation : pre market trading at 5.05 ...highest 7.60.....victory...

??

2 posts

Posted by ?? > 1 week ago | Report Abuse

I have ARB IOT, anyone experience how to sell it?Can share the details? Thanks

Jnlee

288 posts

Posted by Jnlee > 1 week ago | Report Abuse

I have this ARB LOT,I don't understand what's is this rubbish

Posted by sharon chok > 5 days ago | Report Abuse

any sifu can tell ? is it worth to take arbb( NYSE)?

Posted by sharon chok > 5 days ago | Report Abuse

my reminser told me now i unit is around 2 usd, then i need to speng 386 for the service charge. any sifu can share more information?\

Peace99

2,195 posts

Posted by Peace99 > 5 days ago | Report Abuse

It seems pretty good deal, though I have not traded US stock.
Let's say last time you bought 1000 ARBB share at 10sen =rm 100. Received 14 AIGL share.
Price now is usd 2.50 based on yahoo news. So, worth rm 14*2.50*4.8= rm 168.
Imagine if you have more shares, then the transfer etc fees may be just a small percentage.

Posted by Musang King > 5 days ago | Report Abuse

Thanks ARBB for distributing ARB-IOT shares vide Letter received today from ARBB Aldpro Corporate Services Sdn Bhd with a V Stock Statement stating I received 35,000 shares on the 26th Jan 2024. Thank you very much. I shall cherish these ARB-IOT shares now worth USD2.52 each as at last Friday's close at 4pm.

Posted by sharon chok > 5 days ago | Report Abuse

the price moving after announcing the bonus shares. they may try get more people to push the price higher.
but we can only get the shares about one month later. how if the price drops drastically?

frick2fa

94 posts

Posted by frick2fa > 4 days ago | Report Abuse

Iot is the future hahaha

A_Elder

48 posts

Posted by A_Elder > 2 days ago | Report Abuse

received shares earlier this week and managed to sell them

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