RESTRICTED OFFERING OF 17,449,600 NEW ORDINARY SHARES IN TASHIN HOLDINGS BERHAD ("TASHIN HOLDINGS") ("ISSUE SHARES") TO THE ENTITLED SHAREHOLDERS OF PRESTAR RESOURCES BERHAD ("PRESTAR") IN CONJUNCTION WITH THE LISTING OF TASHIN HOLDINGS ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("RESTRICTED OFFERING")
Anyone planning to buy Prestar ipo subsi - Tashin shares? found that it is quite profitable
Tashin is a profitable business unit for Prestar. When Tashin is disposed and listed in ACE market, Prestar's group revenue will be much reduced, albeit Prestar can use the money raised from IPO to pare down its debt and reduce its finance cost. I view the listing of Tashin is no good for Prestar as a whole..
haha i m sure u commented without look at Tashin IPO prospectus, just to correct u that Tashin is not considered being disposed by Prestar la... Prestar will still holding 34% in Tashin holdings (SPV that holding Tashin). Although there is reduction in shareholding percentage of 17% (from 51% to 34%), but Tashin still contribute profit to prestar just like POSCO-MKPC (prestar's another associate co)... don forget the another purpose of this listing is to unlock and crystallise the value of Prestar investment in Tashin, if u said Tashin is profitable business unit for Prestar (when Tashin's shares fly, same to Prestar).
Pak Mael duduk di Jalan Gasing Anak nya yang bongsu bernama Mabel Dengan untung window dressing Bukan saja pagar, satu rumah perabut kita tukar ke stainless steel
Prestar Resources Bhd has secured RM80mil contracts to supply guardrails and accessories for the Pan Borneo Highway in Sarawak. TheStar01 Jul, 2020 18:16pm Best BUY position and hold it & TP above 0.45
as usual con artist is very poor in research , & twisting and create facts:
Prestar Resources Bhd is principally engaged in the business of renting out properties and investment holding. The principal activities are mainly manufacturing of steel related products.
The company has three reportable segments mainly: Investment, Trading, and Manufacturing.
The firm focusses on manufacturing slitting and shearing of carbon and stainless-steel mother coils into slitted coils/ sheets for automotive, electrical and electronic, office, equipment, metal stamping industries, roll-forming of carbon steel pipes, stainless steel pipes and hollow sections, manufacturing of steel flat bars, steel purlins, wheelbarrows and platform hand trucks, steel shelving and pallet racking and other storage equipment and highway guardrails. The group operates in Malaysia.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 257 views | 1 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11384 views | 9 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
wafryer
192 posts
Posted by wafryer > 2019-06-07 12:29 | Report Abuse
i bought at 0.67 but sold at 0.52, feel no hope for this counter, good luck