Posted by cherinelee > 2017-04-10 22:18 | Report Abuse

anyone can explain what is dividend in specie?

Posted by mjsim1990 > 2017-04-11 09:07 | Report Abuse

if I interpreted correctly it means, for each shape of REV you holding, you get a share of ICQ listed on ASX

Posted by kevinobc > 2017-04-11 09:24 | Report Abuse

REV , TARGET RM1.50

Posted by mjsim1990 > 2017-04-11 09:26 | Report Abuse

Seems like my interpretation is correct, grats to all that held for long time. Fat ayam oredi

Posted by mykasih99 > 2017-04-11 09:26 | Report Abuse

When is the ex date

Posted by mjsim1990 > 2017-04-11 09:28 | Report Abuse

Next Friday

Posted by mjsim1990 > 2017-04-11 09:35 | Report Abuse

The counter in ASX they giving worth 0.28 Aussie dollar now btw, company of carlist.my

Posted by mykasih99 > 2017-04-11 09:35 | Report Abuse

please elaborate, was my ex client during their listing 15 yrs now on billionaire list

Posted by mjsim1990 > 2017-04-11 09:47 | Report Abuse

Distribution exercise of 134,640,020 ordinary shares of ICQ Holdings Berhad ("ICQH") ("ICQH Shares"), a wholly-owned subsidiary of Rev Asia Berhad ("Rev Asia"), by way of a distribution-in-specie of ICQH Shares to the entitled shareholders of Rev Asia, on the basis of one (1) ICQH Share for every one (1) share held in Rev Asia ("Rev Asia Share") on the Entitlement Date ("Distribution-In-Specie")

EX-DATE 21 Apr 2017
ENTITLEMENT DATE 26 Apr 2017

I believe ICQH = ICQ listed on aussie (company website: http://www.icarasia.com)

Posted by xl1010 > 2017-04-11 09:54 | Report Abuse

Thank you for sharing, mjsim1990, it is very informative . Your interpretation confirms my understanding. Was abit unsure about the announcement, now it is all clear! Woo hoo!!

Posted by Mohd Fahmi Bin Jaes > 2017-04-11 10:06 |

Post removed.Why?

Posted by pang72 > 2017-04-11 10:43 | Report Abuse

Any one know how the ICQ holding share to be registered to our trading account? I don't have Aussie account!

Posted by kenari82 > 2017-04-11 10:49 | Report Abuse

limit up again?

Posted by dtyhmy > 2017-04-11 11:01 | Report Abuse

Can anyone venture a guess on the value of ICQ shares? Any promising prospects for the company?

Posted by gordonstock > 2017-04-11 11:10 | Report Abuse

I'm think ICQ share value is 0.40sen.

Posted by pang72 > 2017-04-11 11:15 | Report Abuse

ICQ trades at Aussie at .27 so it equivalent to about RM0.9

Posted by dtyhmy > 2017-04-11 11:19 | Report Abuse

Thanks. So that means we need to register an Aussie account?

Posted by TrippleZ > 2017-04-11 11:23 | Report Abuse

Shit. Why went up so fast? I was about to settle some technical issues before buying. Missed the boat now.

Posted by pang72 > 2017-04-11 11:26 | Report Abuse

Sorry , I am not sure. I think it is not. Any one can help to answer?

Posted by mjsim1990 > 2017-04-11 11:29 | Report Abuse

No need to own Aussie account, your trading account should be able to hold ASX counter

Posted by pang72 > 2017-04-11 11:29 | Report Abuse

Rev 1.08 - ICQ .90 = 0.18 ( rest of REV businesses) ? Am I right?

Posted by pang72 > 2017-04-11 11:29 | Report Abuse

Cheap...! I think so

Posted by dtyhmy > 2017-04-11 11:50 | Report Abuse

Thanks again. Does anyone know how do they calculate the broker fees, and can we do ASX counter trading on our trading own account?

Posted by xl1010 > 2017-04-11 11:52 | Report Abuse

Indeed.very cheap, assuming that rev didn't depreciate too much from current price, all the sale proceed from ICQ is like durian runtuh

Posted by mjsim1990 > 2017-04-11 12:44 | Report Abuse

don't sell ICQ, I bought this counter because I want ICQ hahaha, if you dive into carlist.my or ICQ company website, they are boosting their marketing

Posted by sifuexperience > 2017-04-11 13:58 | Report Abuse

ICQ is 0.265 AUD or equibvalent around MYR 0.88. Share price now is only MYR 1.10. Shouldnt it be worth more?

Posted by Lvde > 2017-04-11 14:32 | Report Abuse

@mjsim1990 , I believe rev will be worth around 1.6 ?

Posted by pang72 > 2017-04-11 14:37 | Report Abuse

Catcha group , Alibaba and Malaysia digital corporation are the strategy investor in DFTZ...

Posted by pang72 > 2017-04-11 14:38 | Report Abuse

Wow.....another company indirect link to Alibaba....beside GHL

Posted by mjsim1990 > 2017-04-11 14:38 | Report Abuse

Hmm, if you look at the share price of REV before announcement (estimated correction after T+4 = 0.9), then with the share price of ICQ around 0.9 in MYR as well, seems like it can go over 1.80

hahaha, all the best to everyone!

---------------------------------------
Lvde @mjsim1990 , I believe rev will be worth around 1.6 ?

Posted by Lvde > 2017-04-11 14:42 | Report Abuse

@mjsim1990, waw thanks for the info, gonna top up more if drop later

Posted by pang72 > 2017-04-11 14:46 | Report Abuse

I just knew that Catcha Group is the master developer and main investor in project call Kuala Lumpur internet city located at Bandar Malaysia. KLCI expected to become main digital hub of DFTZ with GDV of RM5 billion...

Posted by pang72 > 2017-04-11 14:46 | Report Abuse

My god....why I know this only today!!

Posted by pang72 > 2017-04-11 14:47 | Report Abuse

Start to accumulate....

Posted by taitaumau > 2017-04-11 14:50 | Report Abuse

VERY IMPORTANCE INFORMATION FOR YOUR PERUSAL

Based on the latest shareholder circular dated 20.10.2016

(1) REV hold 52,500,000 icar asia limited (ICQ) listed at ASX
(2) REV incorporated ICQ holdings bhd (with 134,640,020 share capital)
(3) REV share capital 1s also 134,640,020 shares.
The distribution of ICQ holdings share to REV is 1:1
(4) Please note that each ICQ holdings share own only 0.3899 share of
icar asia limited on a pro rata basis

The above is based on understanding.
Do COUNTER check with your remiser/accountant

Posted by mjsim1990 > 2017-04-11 14:54 | Report Abuse

icic thanks for the useful information @taitaumau

Posted by mjsim1990 > 2017-04-11 14:59 | Report Abuse

so after calculation its like 1 share of REV I own, I get 0.3899 of ICQ, still a great bonus

Posted by pang72 > 2017-04-11 15:17 | Report Abuse

There are 19million private placrment to bumi investor on the way..who? KWSP, Finance institute or PNB?

Posted by pang72 > 2017-04-11 15:40 | Report Abuse

Queue 1.50 buy...

Posted by pang72 > 2017-04-11 15:41 | Report Abuse

Got it!

Posted by pang72 > 2017-04-11 15:41 | Report Abuse

Queue 1.04 hope to get

Posted by pang72 > 2017-04-11 15:46 | Report Abuse

Got it too..
Tomorrow continue...

Posted by pang72 > 2017-04-11 15:48 | Report Abuse

I want wait to see how jack Ma and Malaysia digital corp work with Catcha to develop DFTZ...
How much Rev Asia involvement on this project after share placement to Bumi holder

Posted by pang72 > 2017-04-11 15:50 | Report Abuse

Rm5 billion project is not little money for the company like Catcha Group...off course is nut to Alibaba

Posted by issacgiap > 2017-04-11 16:26 | Report Abuse

Rev will get project from alibaba,rev will shoot up agin

Posted by y4ng19961 > 2017-04-11 17:21 | Report Abuse

It mean REV shareholder will get ICQ share right?
Is ICQ share we get could trade at Malaysia stock market or will trade at Aussie stock market?

Posted by cstrader > 2017-04-11 19:18 | Report Abuse

Buy TP 1.80

Posted by pang72 > 2017-04-11 19:37 | Report Abuse

More surprising was the movement in Rev Asia. The company is not directly involved in the DFTZ but the link was through its parent company Catcha Group, which owns 66% of Rev Asia.
Rev Asia’s shares closed at a 52-week high of 81.5 sen, rising 15.5 sen on a volume of almost half a million shares changing hands.
Catcha Group, which describes itself as Asia’s leading Internet group, has been made the master developer of the Kuala Lumpur Internet City (KLIC).
The KLIC will be a component of the DFTZ, which aims to house at least 1,000 Internet related firms.
In a press release, Catcha said the KLIC would encompass 5 million sq ft built over 15 years with an estimated gross development value (GDV) of RM5bil.

Read more at http://www.thestar.com.my/business/business-news/2017/03/23/mahb-rev-asia-shares-up-on-likely-gains-from-digital-ftz/#RZVL7BSvoBZ62jWI.99

Posted by pang72 > 2017-04-11 19:38 | Report Abuse

GDV of RM5Bil---------------What the XXXX!!

Posted by Huat168 > 2017-04-11 21:38 | Report Abuse

Today thestar news:

REV Asia jumped 16 sen to RM1.08 with 8.48 million shares done. It had proposed a dividend in specie of 134.64 million shares of ICQ Holdings Bhd to shareholders of the company. The ex-date for the dividend is April 21