KFC previous franchise holder { CG Loo} was ousted because of certain parties acting in concert. The franshise was later terminated and a new Bumiputra company was appointed to replace CG Loo company in the early eighties
Dato 0ng {Rubbrex} disposing and reducing his share holdings continously. This in addition to zero dividend savings for minorities despite big profit earnings. What is puzzling the company have high reserves { still asked for PP funds} doesn't add up
Seriously speaking, the whole Bursa mkt is being plagued by political uncertainty more than anything else. Buying interest is very low for most counters. The private placement issue just gives Rubberex operator more excuse to press down prices.
The mkt is keenly watching as to when major shareholder Ong Choo Mehg will act to defend the share price. Only a heavyweight buyer is deemed more capable to counter the deliberate pushing down by the operator.
The one benefits is the one who will attempt MGO..once the price low enough..last year attempt fail this year maybe can try again. Btw now 905c..time to celebrate for reaching new lowstone.
Give div like Careplus expand less nobody think is better? I talk as 1 of my > 30 ctrs. You must do more eg talk or write to IR to make it happen unless your bullets unlimited happy to collect lower.
KUALA LUMPUR (June 21): Rubberex Corp (M) Bhd has proposed a private placement of up to 83.23 million shares or 10% of its share capital to raise RM78.65 million.
From the proceeds to be raised – based on an indicative issue price of 94.5 sen per placement share – some RM69.13 million will be used to acquire 28 double-formers nitrile disposable glove production lines as part of its expansion in Perak, the company said. Another RM9 million will be used for working capital.
The Perak expansion will see an additional production capacity of up to 7.5 billion pieces of nitrile gloves per year. Total cost for the acquisition and installation of the production lines is at an estimated RM400 million, the glove maker said.
Post-placement, Rubberex largest shareholder Datuk Eddie One Choo Meng will see his shareholding trimmed to 33.86% from 37.24% currently.
one chinese newspaper investment column....from last year 2020 october call buy Rubberex....from...1.95,1.73,1.65,1.50,1.38,1.30,1.22,1.36....total is 16000 units ! n now 24/6/2021 0.90 cts......thier paper loss over ten thousand already.....others counters like ...Top Glove buy price is 6.50 (after bonus ),5.30.4.70,4.75,6.60...total is 6000 units...average price is 5.44 n now is 4.30.....paper loss is 6000.//// Harta buy 1000 units price is 8.57; n now is 7.70;paper loss is around 1000///////supermax 10000 units average price is 6.60;n now is 3.30; lost around 33000 thousand////kossan buy 4000 units,price is 3.60...3.25...paper loss around 1500 thousand.......other counters like bjcorp,Bjasset,Bjland paper loss very much.....n other counters like Spnrg,I.Wcity....n more total loss over hundred thousand..........eventhought glove counters give dividend,but still can't cover price drop........so i said don't listen too much analyst said or comment ,n follow them.....you may loss more.
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Against mandate EPF is an investment entity not an operating entity