Someone must attend AGM tomorrow to complain. Share price very disappointing despite getting so many projects(o/s order books RM 1.1 billion). What happen to shareholder Chin Boon Long who was once Pesona shareholder?
RM 1.1 billion order books will ensure good profit to be announced coming QR. When profit secured hopefully can higher dividend(or free warrant) next year eg 1.5 sen.
The first tranche or Phase 1 involves an allotment and issue of 27.65 million first tranche consideration shares in favour of the vendors’ nominee, SEP Capital (M) Sdn Bhd, within six months from the first tranche completion date, with an aggregate value of all the first tranche consideration shares of RM19.35 million. Phase 1 represents 70% of SEP and the transaction is to be completed within 60 days, from the passing of the resolution for acquisition by Pesona Metro’s shareholders.
The second tranche or Phase 2 involves the allotment and issuance of 11.85 million second tranche consideration shares in favour of the vendors’ nominee, SEP Capital, with an aggregate value of all the second tranche consideration shares of RM8.29 million. Transfer of Phase 2 will be completed within 60 business days from the purchaser’s receipt of the written confirmation from UKAS confirming of its waiver of the 30% Bumiputera equity condition.
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Icon8
RM19.35 million / 27.65 million first tranche consideration shares is value 70 sen per share. Pesona is 70 sen why now only 40 sen??
Pesona Metro Holdings Bhd has entered into a supplemental agreement in relation to its proposed acquisition of SEP Resources (M) Sdn Bhd.
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Icon8 this proposed acquisition of SEP Resources (M) Sdn Bhd also look real wan now not for goring like people say last time. Delay taking very long time due to many many conditions.
Overall SEP acquisition is better because can provide recurring income as opposed to construction projects which is one off and cannot repeat after projects completed.
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Icon8
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Posted by Icon8 > 2016-06-15 11:13 | Report Abuse
Someone must attend AGM tomorrow to complain. Share price very disappointing despite getting so many projects(o/s order books RM 1.1 billion). What happen to shareholder Chin Boon Long who was once Pesona shareholder?