pesona- new company to take over Mithril. Last quoted before suspended at 10 sen (after capital deduction, consolidation etc= 50 sen). Delisting on 10/10/2012, reference price at 25 sen. Limit up = RM 1.25
Pesona Metro Holdings Berhad ("Pesona") - (i) Delisting of Mithril Berhad (II) Admission of Pesona to the Official List in place of Mithril Berhad which will be delisted
Dato’ Lee Tuck Fook Independent Non-Executive Chairman DatukHjSubhi Bin Dziyauddin Non-Independent Non-Executive Deputy Chairman Wie Hock Kiong Non-Independent Non-Executive Director Wie Hock Beng Managing Director Loh Kong Fatt Independent Non-Executive Director
THE STAR reported Feb 23, 2012 that HOCK BENG is the brother of construction and property firm, PUTRAJAYA PERDANA's CEO, WEE HOCK KIONG. STAR also reported that HOCK KIONG may join PESONA METRO, which is unconfirmed. (Post note: Based on the above latest announcement, its is confirm that HK also part of the new company......)
Hence, can purchase at 50 sen ....( NOTE: Invest at your own risk.)
Additional news from BURSA on 9/10/2012:-
With the completion of the Company’s restructuring scheme, Pesona Metro Holdings Berhad has assumed the listing status of MITHRIL. With the above, the Company has regularised its financial condition and no longer triggers the criteria under Practice Note 17 (“PN17”) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
The Company will be uplifted from being classified as a PN17 company effective 10 October 2012.
Yesterday i manage in 0.34 & out 0.345 and in 0.33 & out 0.335 then bought it at 0.325 keep till today.Today morning hit 0.33 and see afternoon can hit 0.35 or not...
This counter still active & countinue dealing in high valuam, today I bought another 20000 shares with 0.32 cent & expected able hit highest rate this afternoon!
helo..those big fish are smarter le... buy in 0.25 sell 0.5....wait to drop back until 0.25 then second round collect profit... think so easy to drop to 0.25 now? because many people trapped around 30-35 sen including me! hahaha So people....dont give up so easily... sell more drop more...force big fish to jump back in 0.28 is good enough...
very dissapointed with the closing result today! Strong media release, huge valume transaction but poor counter performance.Tomorrow will be another hard war to face!Amitabha!Hope god bless you!!!
Pesona Metro Holdings Bhd is eyeing jobs under the government's 1Malaysia People's Housing Scheme (PR1MA), according to Wie Hock Kiong, Director at the company.
"PR1MA offers a good supply of projects in the market in view of the government's efforts in providing affordable housing and we would like to take this opportunity to bid for some projects under this scheme," he said during the company's listing ceremony.
The infrastructure construction company assumed the listing status of Mithril Bhd via a reverse takeover and restructuring scheme. It raised RM10 million from the listing exercise, majority of which will be used as working capital.
The company boasts a good track record, with around 30 buildings and infrastructure works it has completed for both the public and private sectors.
"We will seek out additional public and private sectors construction opportunities. Currently, we are bidding for approximately RM1.5 billion of tenders which will augment our strong orderbook," noted Wie.
Meanwhile, PR1MA aims to provide citizens, especially those living in urban area, with affordable housing by building units with prices ranging between RM100,000 and RM400,000.
As such, the scheme presents great opportunities for construction firms who can provide precast and industrialised building system (IBS), in support of the government's target to achieve 70 percent IBS content.
Datuk Lee Tuck Fook, Chairman of Pesona Metro Holdings, added: "We will invest in IBS technology and focus on securing construction works at PR1MA developments to boost our secured orderbook of RM705 million."
vincent_737: i think u should hold this stock while the market do a correction for the fair price..just give it 2-3 weeks to see the performance of this stock bcoz now is force selling by the people who buy before the PN17 upliftment..
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Posted by calvinteo > 2012-10-09 22:52 | Report Abuse
pesona- new company to take over Mithril. Last quoted before suspended at 10 sen (after capital deduction, consolidation etc= 50 sen).
Delisting on 10/10/2012, reference price at 25 sen. Limit up = RM 1.25
Forecast listing to hit > 75 sen+