may be the china engine will come to power after recent restructure of china new policy...china market is on bull turn instead of bear malaysian stock... come n buy china stock counter may ve a surprise for us .
Additional Listing Announcement CHINA AUTOMOBILE PARTS HOLDINGS LIMITED
1. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal Exercise of Warrants Details of corporate proposal CONVERSION OF WARRANTS-A TO ORDINARY SHARES No. of shares issued under this corporate proposal 500,500 Issue price per share ($$) Malaysian Ringgit (MYR) 0.3500 Par Value ($$) U.S. Dollar (USD) 0.100 Latest issued and paid up share capital after the above corporate proposal in the following Units 600,500,500 Currency Malaysian Ringgit (MYR) Listing Date 03 Jun 2015
Announcement Info Company Name CHINA AUTOMOBILE PARTS HOLDINGS LIMITED Stock Name CAP Date Announced 02 Jun 2015 Category Additional Listing Announcement Reference Number ALA-02062015-00002
Yes... good to convert to mother share n make profit from the differ... someone plan for it... some more story will follow... may be got some more news inflow again within a month
OTHERS CHINA AUTOMOBILE PARTS HOLDINGS LIMITED ("Company") Announcement pursuant to Bye-Law 167(2) of the Company's Bye-Laws CHINA AUTOMOBILE PARTS HOLDINGS LIMITED
Type Announcement Subject OTHERS
Description CHINA AUTOMOBILE PARTS HOLDINGS LIMITED ("Company")Announcement pursuant to Bye-Law 167(2) of the Company's Bye-Laws The Board of Directors wishes to announce that the Company has today received notification from Credit Suisse Group AG, a substantial shareholder of the Company, in relation to the changes to its shareholdings in the Company. The details of the said changes are set out in the attachment below. This announcement is dated 3 June 2015.
5229 CAP CHINA AUTOMOBILE PARTS HLD LTD Changes in Sub. S-hldr's Int. (29B)
Particulars of Shareholder 36
Name : CREDIT SUISSE GROUP AG NRIC/Passport No./Company No. : CH-020.3.906.075-9 Nationality/Country of Incorporation : Switzerland
Address: Paradeplatz 8, Zurich, 8001, Switzerland
Descriptions (Class and Nominal Value): Ordinary shares of USD0-10 each
Name and Address of Registered Holder: Credit Suisse (Hong Kong) Limited (Acquisition - 1,418,500 Shares)Level 21, International CommerceCentre, 1 Austin RoadWest, Kowloon, Hong Kong
Details of Changes
Date of Notice : 04/06/2015
Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 01/06/2015 Acquired -
Circumstances by reason of which change has occurred: Deemed interest through open market investment position taken in the course of ordinary business in banking and finance
Nature of Interest: Indirect
Consideration:
No of Shares Held After Changes: Direct : 0 shares (0.0000%) Indirect/Deemed Interest : 39,726,500 shares (6.6210%) Total : 39,726,500 shares
Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
5229 CAP CHINA AUTOMOBILE PARTS HLD LTD Changes in Sub. S-hldr's Int. (29B)
Particulars of Shareholder 36
Name : CREDIT SUISSE GROUP AG NRIC/Passport No./Company No. : CH-020.3.906.075-9 Nationality/Country of Incorporation : Switzerland
Address: Paradeplatz 8, Zurich, 8001, Switzerland
Descriptions (Class and Nominal Value): Ordinary shares of USD0-10 each
Name and Address of Registered Holder: Credit Suisse (Hong Kong) Limited (Disposal - 155,000 Shares)Level 21, International CommerceCentre, 1 Austin RoadWest, Kowloon, Hong Kong
Details of Changes
Date of Notice : 05/06/2015
Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 02/06/2015 Disposed -
Circumstances by reason of which change has occurred: Deemed interest through open market investment position taken in the course of ordinary business in banking and finance
Nature of Interest: Indirect
Consideration:
No of Shares Held After Changes: Direct : 0 shares (0.0000%) Indirect/Deemed Interest : 39,571,500 shares (6.5900%) Total : 39,571,500 shares
Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Notwithstanding the warrants being exercised, the increase to the total available shares is negligible. Based on the last quarter results reported as at 31 March 2015, the company's annualized EPS for FYE 2015 is expected to average at around 8 sen per share against outstanding shares of 603 million units. The entry of Credit Suisse as a major shareholder since late May and early June this year further affirms the company's stock is actually worth more than 60 sen per share which stands at a modest 7.86x its expected price to earnings ratio (PE) for the annualized FYE 2015. The company's proposed foray into rubber recycling business in Xiamen, China in partnership with Sekhar Research Innovations Sdn Bhd is a game changer and will certainly diversify the company's earnings in 2016. All considered I'd say a fair price for CAP ought to be between 70 sen and a ringgit per share - even if one assumes sales and earnings were to remain flat in 2016.
They expect to formalize an agreement in the second half this year according to earlier reports.
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Posted by Eric Teh > 2015-05-27 11:30 | Report Abuse
nice show will come after 2.30pm