Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description: TEXCHEM RESOURCES BHD. ("COMPANY")
CONDITIONAL SALE AND PURCHASE AGREEMENT WITH FUMAKILLA LIMITED, JAPAN ("FMJ") FOR THE FOLLOWING:
• PROPOSED SALE BY THE COMPANY AND PURCHASE BY FMJ OF 70% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF TECHNOPIA SDN BHD WHICH COMPRISES 52,977,496 ORDINARY SHARES OF RM1.00 EACH
• PROPOSED SALE BY THE COMPANY AND PURCHASE BY FMJ OF 70% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF PT TECHNOPIA JAKARTA WHICH COMPRISES 1,032 ORDINARY SHARES OF USD5,000 EACH
(collectively referred to as the "PROPOSED TRANSACTION")
No Worth to buy this stock, Vol low, Chart also not looks, will play sideway! If Lucky, just can gain 4-5cent, if not stuck for long long time!!! Just my Opinion!!
i not yet exit... it has not dropped below my stop loss.. i think based on indicators, this counter has the potential to swing upwards unless monster suddenly emerges..
yes, I agree with sapurakencana and I think the value of this company can be > RM2.00 as the company is now get ready to gear towards growth path. Can share how you came up with your calculation?
i brought it at RM1.4 at 2000,every year i get 5% dividend until 2008.Even though this company incurred lossed for the continue 3 year,but they never ask shareholder for extra money.Now i still can not discloss how i get RM1.8,be patient.to be continue...
That is quite true what you said, I have been keeping it about the same time as you and I have received dividend even though during the bad times. I think is only one year that the company did not declare dividend and that has been compensated with the special dividend last year. I have manage to accumulate a bit during the downtrend. They have a good management team. :) Sapurakencana, what other counters did you collect?
I bought in stages. During the year 2002, I was a small investor the price I bought was around 1.70. I think this was not the prime time. I think the price is more than 2.00 at some point, have to check back the history or someone here can correct me. Some of my holding is around 0.80 - 1.70 over the years which I have got dividends and some bonus as well. Recently I have started to collect more at around 0.50 ~ 0.60. If you can hold then just buy and hold that all I can say. Be patience.
pls refer to the annual report 2012. Attended the AGM and now I have joined thomc in buying and holding. Yes I agree with thomc you need to be patient!
Good! That should be the way. Do your own research then you will know more. Next week onwards should be above 80 level. No more 70 range or should say very hard to get. Glad that I still managed to Collected some last week. :)
anyone have the details of each of their business revenue for last quarter? What is the main business since they disposed quite number of businesses recently. What so attractive?
friday closed at 0.85,volume coming up,getting closer to uptrend.
the stock still deeply undervalue,i wont surprise if could raise 150%-300%.
malaysia export getting well,its polymer business may turnaround very soon(since it is deeply related with others export oriented company),and sushi king keep growing strongly and making good profit,suporting seafood trading business.
if everything goes smooth,i believe the stock price will surprising everyone going forward.
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....
chieng8182
340 posts
Posted by chieng8182 > 2012-03-21 18:47 | Report Abuse
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description: TEXCHEM RESOURCES BHD. ("COMPANY")
CONDITIONAL SALE AND PURCHASE AGREEMENT WITH FUMAKILLA LIMITED, JAPAN ("FMJ") FOR THE FOLLOWING:
• PROPOSED SALE BY THE COMPANY AND PURCHASE BY FMJ OF 70% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF TECHNOPIA SDN BHD WHICH COMPRISES 52,977,496 ORDINARY SHARES OF RM1.00 EACH
• PROPOSED SALE BY THE COMPANY AND PURCHASE BY FMJ OF 70% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF PT TECHNOPIA JAKARTA WHICH COMPRISES 1,032 ORDINARY SHARES OF USD5,000 EACH
(collectively referred to as the "PROPOSED TRANSACTION")