tbh. say cheap also not exactly that cheap. business wise good also not exactly that good. The bag only targets a very small portion market which is 'mid-aged - old ladies'
PROPOSED DEMERGER AND PROPOSED LISTING OF CRG INCORPORATED SDN BHD (“CRG”) ON THE LEAP MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) 1. INTRODUCTION On behalf of the Board of Directors of the Company, TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company is contemplating the proposed demerger of CRG and its subsidiaries (“CRG Group”) from Bonia (“Proposed Demerger”) and the proposed listing of the CRG Group on the LEAP Market of Bursa Securities thereafter (“Proposed Listing of CRG”). The Proposed Demerger and Proposed Listing of CRG are collectively referred to as “Proposals”. The Proposals comprise: (i) Proposed Demerger, which includes the following proposals: (a) Proposed conversion of CRG into a public company; (b) Proposed capitalisation of part of the retained earnings of CRG Group into new ordinary shares in CRG; (c) Proposed subdivision of all the existing ordinary shares in CRG into such number of new ordinary shares in CRG (“CRG Shares”) to be determined later; and (d) Proposed distribution of Bonia’s entire shareholding in CRG by way of dividend-in-specie on pro-rata distribution to shareholders of Bonia whose names appear on Bonia’s Record of Depositors on an entitlement date to be determined later (“Entitled Shareholders”) (“Proposed Dividend-inSpecie”).
Upon completion of the Proposed Dividend-in-Specie, the Entitled Shareholders shall hold CRG Shares directly. (ii) Proposed Listing of CRG CRG will submit a listing application to Bursa Securities for its listing on the LEAP Market of Bursa Securities. Further announcement in relation to the Proposals will be made in due course, once the details of the Proposals have been finalised.
Bonia proposes demerger, LEAP listing for its Carlo Rino business
KUALA LUMPUR (Feb 7): Bonia Corp Bhd is contemplating the demerger of its wholly-owned unit CRG Inc Sdn Bhd and the latter's subsidiaries (collectively the CRG Group), which it proposed to subsequently be listed on the LEAP Market of Bursa Malaysia.
CRG's subsidiaries are involved in the designing, manufacturing, promoting, marketing, distribution and retailing of Carlo Rino and CR2 branded fashion products.
According to its bourse filing today, the exercise comprises the proposed conversion of CRG into a public company, the capitalisation of part of the retained earnings of CRG into new ordinary shares, and the subdivision of existing ordinary shares in CRG.
Bonia also proposed to distribute its entire shareholding in CRG by way of a dividend-in-specie distribution, on a pro-rata basis, to its shareholders.
"Based on the latest audited consolidated financial statements of Bonia and its subsidiaries and CRG group for the financial year ended June 30, 2017, the contributions of CRG group to the revenue, profit before tax and net assets of Bonia group were approximately 15.5%, 8.8% and 15% respectively," it said.
It said the proposals are expected to reward its existing shareholders and enable CRG — which has a distinct market segment and business strategies as compared to the rest of the Bonia Group — to gain recognition and corporate stature through its own listing status.
The move will also provide more fund-raising options for CRG to fund its expansion.
Further announcement in relation to the proposals will be made in due course, once the details have been finalised, Bonia added.
Bonia shares closed unchanged at 47.5 sen today, giving it a market capitalisation of RM382.68 million. In the past 12 months, the stock has retreated 18.87%.
Bonia Corp Bhd is contemplating the demerger of its wholly-owned unit CRG Inc Sdn Bhd and the latter's subsidiaries (collectively the CRG Group), which it proposed to subsequently be listed on the LEAP Market of Bursa Malaysia.
CRG's subsidiaries are involved in the designing, manufacturing, promoting, marketing, distribution and retailing of Carlo Rino and CR2 branded fashion products.
note: this is only one of the many precious assets & investments of BONIA
this spin of listing will create awareness
ANOTHER POSSIBLE FUTURE VALUE WILL BE THE UNLOCKING OF INVESTMENT PROPERTIES
2 THINGS CAN BE DONE TO CREATE AWARENESS
NO. 1) REVALUE THE ASSETS OF BONIA LIKE FIAMMA, EG, SEACERA OR HAPSENG THEN BOOK THEM AS PROFITS & THEREAFTER GIVE BONUS ISSUES & FREE WARRANTS TO BONIA SHAREHOLDERS
nO.2) BETTER STILL REVALUE ASSETS & DISPOSAL THEM FOR CASH PAYOUT TO SHARE HOLDERS. THIS WILL BE REAL VALUE
clown @calvintaneng, u think bonia is a property company or plantation company????
even if bonia revalue its properties, it has no way of monetizing the gains nor can it redevelop the properties as most of the properties office units, retail lots or factory buildings.
did u even read up on the assets of bonia????
u really is an idiot for not seeing this simple flaw.
go study finance a few more yrs, then maybe, just maybe, u might know how to read financial reports.
tun clown @calvintaneng, did u read the financial reports of bonia????
most of its properties r either office suites, retail lots or factory buildings, so whats the use even if bonia revalue them since the properties cannot be redeveloped.
now is confirm u dont know how to analyse financial reports.
btw, do u still want to meet my dbs private banker in mfc????
fly like opcom and carimin ar then later fall back again? chase green later sell red.cannot chase green unless the stock hit new high.new low one just technical rebound
I no 100% follow lah,if down and if I like the counter only I buy.cannot simply buy not only datuk calvin picks.i no support anyone,not a supporter of any clubs.....I just wanna make money and donate to the witches.....hahaha
tun calvin is mostly 90% wrong now, its rather safe to stay away from the stocks he recommend. dont even need to study the stock in-depth and can find flaws in his stock pick.
1986−Carlo Rino, a contemporary brand featuring young, trendy and chic leather goods and footwear. Carlo Rino is a projection of fun, vibrant and an invigorating identity. Originated from Singapore, Carlo Rino has grown popularity both locally and internationally to various countries such as Malaysia, Hong Kong, China, Japan, Vietnam, Brunei, Indonesia, Oman, Saudi Arabia, Cambodia and many more to come in near future.
Carlo Rino gives you the freedom to style for different individual and personalities. Here we offer a wide range of handbags, wallets, shoes, timepieces and accessories for selection from casual day out to formal events. An ideal brand for the young working executives who look for trendy, casual and even classic designs with delicate details to match their exciting lifestyle!
At Carlo Rino we prioritise shopping comfort and convenience, inviting ambience, wide selection of product on colours, functionality and durability ideal match for the young and trendy lifestyle. New products development joined the original line of women handbags to provide a wider range of product for selection.
Carlo Rino, an ideal brand to fulfill the desire of cosmopolitan ladies who seek for the latest trends of colours and fashionable items.
tun clown @calvintaneng, u still havent tell me how revaluation of bonia's office lots, retail lots and factory building will be beneficial to bonia's share price.
Perfectly ok. see umw spin off umwog and identical companies yet got difference are ancom and nylex, mui bhd and mui prop also oskvi gave seed monies for half a dozen companies...so failed but some hit jackpot.
So the separate listing of Carlo Rino will give visibility to the brand.
Just like Malaysia got 2 national cars.
Proton and Perodua.
And Perodua outshines Proton
Who knows?
Carlo Rino now given spotlight and visibility make shine brightly on its own.
Done study and analyzed the last Audited Financial Annual Report. Base on the report, this company can consider good as do business through many segments and not only focus on fashion and leather products.
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....
apolloang
18,163 posts
Posted by apolloang > 2018-02-06 10:00 | Report Abuse
no 40cts yet mana cheap? wait down to 40cts let me buy then privatize at 50cts,ok for me liao.....hehe