Posted by hockhuat > 2015-06-03 10:43 | Report Abuse

sell on news la...those bought 2.60 trapped at high price...later coco reject offer....finish...haha because it is not confirm

Posted by lwchang > 2015-06-03 10:47 | Report Abuse

what happen to coco ? why open so high?

Posted by i3investor_wilson > 2015-06-03 11:11 | Report Abuse

non-binding proposal.

Posted by Der RanjAu > 2015-06-03 11:13 | Report Abuse

Monday, 25 May 2015

KUALA LUMPUR: Cocoaland Holdings Bhd has rejected the takeover offer by Navis Asia VII Management Company Ltd.

The confectionery maker said on Monday its board had deliberated on the proposed acqusition put forward last Friday and “unanimously rejected the offer”.

“The offer price for the proposed acquisition was RM377.52mil (RM2.20 per share),” it said.

Last Friday, Cocoaland received a non-binding indicative offer letter to acquire all of Cocoaland’s assets and liabilities.

Trading in Cocoaland securities was suspended on Monday.

The last traded price was RM2.06 prior to the suspension that started on Friday at 2:30pm.

Last month Cocoaland, whose major shareholders include Fraser & Neave Holdings (with about 27% stake) announced that it was in talks with Swedish private equity group EQT for investment possibilities which might result in the latter taking over Cocoaland.

http://www.thestar.com.my/Business/Business-News/2015/05/25/Cocoaland-board-rejects-Navis-Asia-takeover-offer/?style=biz

Posted by Hk Wong > 2015-06-03 11:26 | Report Abuse

The issue here is the f&n will it vote for the deal which have the largest stake in cocoland where it investment have gone up to 98% from RM1.3+ vs the offer price of RM2.70

Posted by Der RanjAu > 2015-06-03 11:27 | Report Abuse

hahaha.. sory

Wednesday, 3 June 2015

PETALING JAYA: Snacks and candy company Cocoaland Holdings Bhd has received an indicative non-binding proposal from First Pacific Company Ltd to acquire the business of Cocoaland including all of its assets and liabilities for RM463.32mil or RM2.70 per share.

This is the second takeover offer Cocoaland is receiving in less than two weeks.

Last week, Cocoaland’s board rejected a takeover offer from private equity firm Navis Asia VII Management Co Ltd for RM377.52mil or RM2.20 per share.

The confectionery maker said then that its board had deliberated on the proposed acquisition made on May 22, and unanimously rejected the offer.

Cocoaland was last traded at RM2.04 on Monday. The stock is up 51 sen or 33.33% on a year to date basis. It will resume trading at 9am today.

For this latest offer, Cocoaland directors Liew Fook Meng, Lau Kee Von, Liew Yoon Kee and Lau Pak Lam are deemed interested parties in the proposal.

First Pacific intends to undertake the proposal through a special purpose vehicle.

Fook Meng, who is an executive director and substantial shareholder of Cocoaland, along with certain shareholders of Leverage Success Sdn Bhd, (a substantial shareholder of Cocoaland, and referred to as the Liew Group) will acquire a stake in the proposed acquiror to be agreed upon by First Pacific and the Liew Group.

First Pacific is a Hong-Kong based investment management and holding company, having its principal business interests in telecommunications, consumer food products, infrastructure and natural resources. It is listed on the Hong Kong Stock Exchange.

Cocoaland told Bursa the proposal is conditional upon a few key things, chiefly the completion of a due diligence exercise to the satisfaction of First Pacific, on the commercial, financial, legal, tax and other affairs of Cocoaland and its subsidiaries for a period of four weeks.

Secondly, the negotiation and execution of a sale and purchase agreement for the proposal on terms and conditions are to be satisfactory to all parties.

The last condition is that Cocoaland has not paid, made or declared any dividend or distribution from the date of the proposal until the completion of the proposal.

Cocoaland told Bursa that it had agreed for a six week period of exclusivity from the date of the proposal or for an extended period agreed upon by all parties. During this period, Cocoaland will deal exclusively with First Pacific in respect of any disposal of the business and undertaking, including all the assets and liabilities, of Cocoaland or any takeover offer for Cocoaland shares.

“Cocoaland further agrees that neither it nor the management of Cocoaland will initiate or enter into any transaction, negotiation or discussion with any other party regarding such proposed disposal or takeover or respond to any approach made by any party with a view to any of the foregoing,” it said.

Posted by Der RanjAu > 2015-06-03 11:28 | Report Abuse

coming soon up to rm2.70 ?

Posted by hockhuat > 2015-06-03 13:50 | Report Abuse

fair value only 2.35

Posted by Hk Wong > 2015-06-03 14:28 | Report Abuse

BETTER COME DOWN AND ENTER AGAIN

Posted by firehawk > 2015-06-03 16:24 | Report Abuse

should accept the offer @2.70 !!!

Posted by franzie > 2015-06-03 16:41 | Report Abuse

what happens if offer rejected?

Posted by firehawk > 2015-06-03 16:50 | Report Abuse

share price will drop drastically, to a level before the offer ......

Posted by Joel > 2015-06-03 16:54 | Report Abuse

明天买低价。

Posted by Pakcik Saham > 2015-06-03 17:52 | Report Abuse

Take profit and run

Posted by tjhldg > 2015-06-03 18:00 | Report Abuse

Matter of time , done deal :)

Posted by eric123 > 2015-06-03 18:48 | Report Abuse

Bro tj , mean ?

Posted by tjhldg > 2015-06-03 22:46 | Report Abuse

Mean ada masa n tak pakai duit then tunggu 3 bulan +- ni macam lo .. Angkat 270 .. Takut tak jadi ma jual lo..ada 230 gua sure tambah aeh ...kikikiiii
2 cents feel is jadi liau la..quite good Liao ..no objection Liao aeh..ada for me also win more or less nia n if ada objection price may lagi high le ... Hahahahaa

Posted by gen8888 > 2015-06-03 22:53 | Report Abuse

What will happen to my share if they accept the offer?

Posted by firehawk > 2015-06-04 09:35 | Report Abuse

even they accept .... hv to wait a few months, to let the buyers do the audit ......

Posted by Hk Wong > 2015-06-06 16:46 | Report Abuse

kalau tak jadi akan trun samapi 1.80. crisis sudah mari...

Posted by whitesheep > 2015-06-08 11:18 | Report Abuse

i think more twist and turn

Posted by murali > 2015-06-11 16:04 | Report Abuse

what if later tak jadi?

Posted by always_steady > 2015-06-11 16:43 | Report Abuse

Mistakenly remove :)
I bought today and hold to take risk. Expected deal will be done. Just a small investment.

Posted by squidoo > 2015-06-11 21:58 | Report Abuse

What is happening to this counter? I love their Lot100 dummies lehh

Posted by whitesheep > 2015-06-15 10:07 | Report Abuse

if deal happen also not going to benefit minority investor

Posted by Markus See > 2015-06-23 15:34 | Report Abuse

I saw Thorntons chocolate everywhere in UK market. On the other hand, I hardly ever see Cocoaland products in malaysia or anywhere (i know they concentrate on export market like China etc.).

When I read the biz news today http://www.bbc.co.uk/news/business-33221033

Was surprise to see Cocoaland is valued at almost similar league as Thorntons. Cocoaland boleh! :)

Hmmmmmmmmm...

Posted by Markus See > 2015-06-23 15:36 | Report Abuse

And who says Malaysia companies are undervalued? :P

Posted by whitesheep > 2015-07-10 13:23 | Report Abuse

aiyo, got delay to end of july. family fighting arh ?

Posted by stockworm > 2015-07-20 09:59 | Report Abuse

take-over proposals cancelled.

Posted by Davison > 2015-07-20 10:17 | Report Abuse

Cocoaland has received a letter dated 19 July 2015 from First Pacific withdrawing its intention to acquire all the business and undertaking of Cocoaland due to First Pacific group’s determination, after completion of the due diligence exercise, that the strategic fit offered by Cocoaland differs from what First Pacific had envisaged. Accordingly, the Proposal is aborted.

Posted by r°Moi > 2015-07-20 11:36 | Report Abuse

.

Why rejected??


What is the strategic fit offered by Cocoaland that differs from what First Pacific had envisaged?



.

Posted by r°Moi > 2015-07-20 11:43 | Report Abuse

.

....after completion of the due diligence exercise, that the strategic fit offered by Cocoaland differs from what First Pacific had envisaged....


What were discovered during the due diligence exercise that make Cocoaland not so sweet as First Pacific had envisaged?

.

Posted by chinchiahor > 2015-07-20 12:24 | Report Abuse

Probably uncertain situation in China/Hongkong financial markets which may affect their funding
position…..

Posted by chinchiahor > 2015-07-20 12:25 | Report Abuse

Dun feel its much loss to Cocoland shareholders...

Posted by r°Moi > 2015-07-20 19:19 | Report Abuse

.


So unloved this one... kids dont want.. F&N doesn't want.. somebody wanted but not willing to give... Now Pacific also said not beautiful...


Without unconditional luv..... this one will hardly move...


Haven't bought.... should buy some and wait for 3rd one... yes?? no??


.

Posted by sell > 2015-07-21 04:19 | Report Abuse

TP RM 1.70.

Posted by poorkid > 2015-07-21 07:51 | Report Abuse

Pity those buying at RM 2.40-RM 2.50 thinking buying expensive stock is sure gain. See good stock also can drop a lot.

Posted by r°Moi > 2015-07-21 08:08 | Report Abuse

Went up due to Hongkies courting

Now that that is off.. how low can it go??

Posted by skyz > 2015-07-21 08:41 | Report Abuse

drama.... drama....

Posted by kakashit > 2015-07-21 10:52 | Report Abuse

now is the time to get in, cannot lower than 2.2, navis can come back to the round table

Posted by r°Moi > 2015-07-21 13:33 | Report Abuse

.


MI taken for a ride.....


http://www.thestar.com.my/Business/Business-News/2015/07/21/The-trouble-with-nonbinding-offers/?style=biz

Posted by whitesheep > 2015-07-21 23:48 | Report Abuse

i think got part 2 ... let wait and see ...

Posted by r°Moi > 2015-07-22 16:39 | Report Abuse

LUV yourself........... the greatest luv of all

Posted by kakashit > 2015-07-23 15:17 | Report Abuse

hmm, my question is why the second large shareholder F&N doesnt wn to buy out the co?

And there're 7 brothers in co but there is none of the second gen wanted to take over the co?

anyway, my price range is btw 2.2 and 2.7,

my selling price would be 2.45

Posted by kakashit > 2015-07-23 20:14 | Report Abuse

add on, 2.45 is the average buying price btw Navis 2.2 and first pacific 2.7

Posted by benjamin6880 > 2015-07-24 05:02 | Report Abuse

Can't agree anymore on the article written by the edge insider. With the drop of commodity raw sugar price and increase currency of usd, it definitely means upside trend of double digit growth. The upcoming quarterly result would verify the research. Let's hold and see.

http://klse.i3investor.com/blogs/the_edge_insider_asia_stock/80260.jsp

Posted by Hk Wong > 2015-07-29 16:25 | Report Abuse

2.46

Posted by kakashit > 2015-07-29 17:32 | Report Abuse

2.45 profit taken, sayonara. The directors re too old to grow the business,sell the biz n 享福吧

Posted by cbtinvest > 2015-07-30 16:48 | Report Abuse

Aaa i sold all 2.5 now still fly nonstop

Posted by cm > 2015-08-06 11:33 | Report Abuse

wah...really keng...still able to reach back to peak...& trade higher somemore...