Usually when the compony issue rights issues, they issue free detachable warrants n in this case Bonus issue (share split) will come simultaneously, at one time they said the exercise will be completed in the 3rd Q n later I read in the 4th Q.
pe coming to unbelievable 90x n earning per share is a mere 5.66 cts per share...Those who dabble this share will see real Holland when the property bubble really appears in Iskandar...region...!
a gut feel tells me that when property is in the doldrums, ECOWLD will probably be the only company still manage to sell.... maybe in Holland too if they expand to that country... :-)
Notice of Person Ceasing (29C) ECO WORLD DEVELOPMENT GROUP BERHAD
Particulars of substantial Securities Holder Name Tan Sri Dato' Sri Liew Kee Sin Address 10-2, Faber Ria Taman Desa, Off Jalan Klang Lama, 58100 Kuala Lumpur NRIC/Passport No/Company No. 581030-01-5181 Nationality/Country of incorporation Malaysian Descriptions (Class & nominal value) Ordinary share of RM1.00 each Date of cessation 04/06/2014 Name & address of registered holder CIMSEC Nominees (Tempatan) Sdn. Bhd. (Pledge securities account for Liew Tian Xiong) Currency Malaysian Ringgit (MYR) Number of securities disposed Price Transacted ($$) Circumstances by reason of which a person ceases to be a substantial securities Holder Does not have any interest in the Company pursuant to Section 6A of the Companies Act, 1965 ("the Act"). Nature of interest Indirect Date of notice 04/06/2014
Remarks : Tan Sri Dato’ Sri Liew Kee Sin does not have any interest in the Company pursuant to Section 6A of the Act and should not be regarded as a substantial shareholder of the Company.
We refer to the announcements dated 8 May 2014 notifying the interest of Tan Sri Dato’ Sri Liew Kee Sin as a director and substantial shareholder of the Company (“Announcement”).
Subsequent to the Announcement, the Company had on 4 June 2014, received a Form 29C of the Companies Act, 1965 (“Act”) and notice pursuant to Section 135 of the Act dated 4 June 2014, clarifying that Tan Sri Dato’ Sri Liew Kee Sin does not have any interest in the Company pursuant to Section 6A of the Act and should not be regarded as a substantial shareholder of the Company. He is also not deemed interested in the 88,780,601 ordinary shares in the Company held by his son, Liew Tian Xiong pursuant to Section 134(12)(c) of the Act as, Liew Tian Xiong is a director of the Company.
What a joke ? People buy Eco because of him , people buy SP Setia because of him ? Now cabut ......like Harvest story!! I really can not believe my EYE
-since his not interested in the company how come his son is still the director? -could his exercise related to share splits, issues of rights and warrant so that after the exercise he will come back slowly with cheaper price and enlarge capital?
can you guys tell me what do you think about Tan Sri Liew?
rocketboy, "since his not interested in the company how come his son is still the director?" WHAT KIND OF QUESTION IS THAT! Are you just graduated from secondary school and now only started to learn what is stock market?
On 8th May 2014, LKS is deemed a substantial shareholder by virtue of his son's shares. Read the small print remarks at the bottom (reproduced here):
"Deemed interest by virtue of his son, Liew Tian Xiong's shareholdings of 88,780,601 ordinary shares in the Company."
On 4th June 2014, Ecoworld clarified that LKS is not deemed a substantial shareholder because his son's shares does not count as his indirect interest, since his son is a director. Again read the small print remarks at the bottom (reproduced here) - and the specific announcement made to clarify this:
"Tan Sri Dato’ Sri Liew Kee Sin is not deemed interested in the 88,780,601 ordinary shares in the Company held by his son, Liew Tian Xiong pursuant to Section 134(12)(c) of the Act as, Liew Tian Xiong is a director of the Company."
I am more interested in who bought the 25 mil shares :)
Nah. At most some retail players may take the bungee if they didn't read / understand properly. As iamalex pointed out, nothing has changed on LKS. Be my guest if you are selling.
no la....i got the less position at pdz and just for fun to entertain mr Ball. hahah....i have enough fun so you help me to entertain them ..i got no time ...and it is wasting time too.
- Eco World is undergoing a massive corporate exercise involving:-
(i) acquisition of 100% equity interest in Eco Macalister Development S/B, Eco World Project Management S/B and 8 development rights from Eco World S/B for a net consideration of RM1.8bil; and (ii) fund-raising exercise comprising a 1-into-2 share split, issuance of new shares to the landowners, a 1-for-2 rights issue, 4-for-5 free warrants, and a 20% private placement.
buying n selling is the name of the game . Bubble of property has started hope not by this company....Take note that it may come sooner than later....PER 90x and EPS at a mere5.6 ct/share is mind boggling coz many were willing to part more than RM5 for a share for this over-inflated co....? How much u r willing to buy if without the LKS factor?
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....
Ring
6,522 posts
Posted by Ring > 2014-05-30 21:11 | Report Abuse
Steady, is Ecowld issuing warrants.. tks ?