I got this info from announcements in Bursa: is this a merger or disposal of Tecnic's entire plastic business? They plan to announce update in 10 months time what business they are going into.
We refer to the announcement dated 6 April 2015 in relation to the completion of the disposal of Tecnic’s entire equity interests in Plastictecnic (M) Sdn Bhd, Sun Tong Seng Mould-Tech Sdn Bhd and Bangi Plastics Sdn Bhd to SKP Resources Bhd (“SKP”) for a total disposal consideration of RM200.0 million to be satisfied via RM100.0 million in cash and issuance of 172,413,793 new ordinary shares of RM0.10 each in SKP at an issue price of RM0.58 per SKP share (“Disposals”). Pursuant to the completion of the Disposals, Tecnic has triggered Paragraph 8.03A(2) of the Listing Requirements whereby a listed issuer has suspended or ceased all of its business or its major business as a result of the disposal of Tecnic’s major business.
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ryan7642
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Posted by ryan7642 > 2015-05-17 23:17 | Report Abuse
Yes it will..follow adventa/ci/jobstreet/Maa etc..