Posted by cooling > 2017-01-19 13:41 | Report Abuse

0.350

Posted by Andy88 > 2017-01-19 13:46 | Report Abuse

Umwog 0.65? Merge up rm 1

Posted by mfbs > 2017-01-19 14:34 | Report Abuse

Where helenvoon? What detail merger?

Posted by Jeff10 > 2017-01-19 14:38 | Report Abuse

Umwog got 8 rigs, 5 contracted out already, its in recovery phase
so merger is a positive move

Posted by Jeff10 > 2017-01-19 14:38 | Report Abuse

also positive for Icon too

Posted by volks2 > 2017-01-19 14:40 | Report Abuse

is it considered good news for ICON?

Posted by mfbs > 2017-01-19 14:53 | Report Abuse

Helenvoon pls share

Posted by jayalbert > 2017-01-19 14:57 | Report Abuse

at the rate some of the forumers early today wrote about the so called insider trading offence & it's penalty, i dont think helenvoon will voluntarily shares any more info

Posted by Jeff10 > 2017-01-19 15:01 | Report Abuse

i think its a share exchange valuing Icon at nta, possibly at best its 2 Icon for 1 umwog
umwog got no cash to buy outright, only UMW mother got the cash

Posted by Jeff10 > 2017-01-19 15:12 | Report Abuse

this deal will spark a merger mania in O&G stocks in Bursa
smaller ones will start to move up on improved valuations

Posted by bleuerouge > 2017-01-19 16:03 | Report Abuse

sounds like sunny days ahead

Posted by jayalbert > 2017-01-19 16:05 | Report Abuse

not only sunny, it will b brighter days ahead as well.. O&G counters present opportunities as money printing machines for 2017

Posted by Jeff10 > 2017-01-19 16:08 | Report Abuse

life cannot be bad forever
we had the down cycle for O&G, now upswing

Posted by jayalbert > 2017-01-19 16:11 | Report Abuse

u got that rite Jeff10, what goes down must come up; what goes up will come down, it's always a cycle

Posted by OngLai88 > 2017-01-19 16:28 | Report Abuse

Don't get helenvoon into trouble. She could be a newbie, ignorant of the rules & regulations. It is serious offence. Better erase all your tracks and trails.

Posted by jayalbert > 2017-01-19 16:30 | Report Abuse

i c her postings, i think she's an innocent novice.. too much lar sometimes we all.. he he

Posted by apekaffun1 > 2017-01-19 17:29 | Report Abuse

Was told deal done at 0.70. Any idea yet?

Posted by apekaffun1 > 2017-01-19 17:30 | Report Abuse

Will trigger O&G play la.

Posted by apekaffun1 > 2017-01-19 17:31 | Report Abuse

Must look for support service operators la

Posted by OngLai88 > 2017-01-19 17:44 | Report Abuse

helen, delete all your comments.

Posted by mfbs > 2017-01-19 18:14 | Report Abuse

When can know this merger detail?????

Posted by mfbs > 2017-01-19 18:20 | Report Abuse

Offer 50cent icon share...ok la

Posted by mfbs > 2017-01-19 18:25 | Report Abuse

Or 80 cent umwog share

Posted by mfbs > 2017-01-19 18:26 | Report Abuse

Good news

Posted by arcadicus > 2017-01-19 19:10 | Report Abuse

so, take the money, or take the share??

which 1 do u guys take?

Posted by mfbs > 2017-01-19 19:11 | Report Abuse

Profit atleast 5 cent tomorrow

Posted by mfbs > 2017-01-19 19:11 | Report Abuse

I will sell

Posted by bleuerouge > 2017-01-19 20:02 | Report Abuse

let see how the market react tomorrow, i'd sell when reach my profit target..cheers!!

Posted by ForwardInvestor > 2017-01-19 20:04 | Report Abuse

1 Icon share will get 1 UMWOG share RM 0.80. So tomorrow ICON will reach 0.80 and not 0.50. Par value for Icon is RM 0.50, it is not cash offer of RM 0.50 but share swap. This is even better than cash offer of RM 0.50. DTK Rahman is taking good care of ICON shareholders.

Posted by valuelurker > 2017-01-19 20:09 | Report Abuse

44% for 248mil - valuing the entire company at 590mil

Current market cap is 510mil

Posted by mfbs > 2017-01-19 20:18 | Report Abuse

Tomorrow atleast profit 5 cents

Posted by MusangK1ng > 2017-01-19 20:21 | Report Abuse

GUYS SOMEONE PLEASE EXPLAIN WHATS GONNA HAPPEN TOMORROW

Posted by arcadicus > 2017-01-19 20:24 | Report Abuse

continue upupupuup lor... tomorrow....

Posted by arcadicus > 2017-01-19 20:25 | Report Abuse

hohohoho... big fat angpow coming.....

Posted by ForwardInvestor > 2017-01-19 20:29 | Report Abuse

I was wrong. It is either cash of O.50 or 0.625 share of UMWOG per Icon shre.

Posted by ForwardInvestor > 2017-01-19 20:32 | Report Abuse

Since a MGO, 0.50 will be a sure thing. can sell 0.50 anytime, dont worry.

Posted by MusangK1ng > 2017-01-19 20:33 | Report Abuse

0.5. THE PREMIUM IS SO LOW.

Posted by mfbs > 2017-01-19 20:35 | Report Abuse

No complain buy at 35 cent

Posted by seius > 2017-01-19 20:36 | Report Abuse

no cash

Posted by Icon8 > 2017-01-19 20:48 | Report Abuse

Chun chun prediction.

Stock: [ICON]: ICON OFFSHORE BERHAD
Jan 13, 2017 10:37 AM | Report Abuse
UMWOG takeover Icon? Both also under PNB so should merge.
http://klse.i3investor.com/servlets/cube/post/icon8.jsp

Posted by arcadicus > 2017-01-19 20:54 | Report Abuse

if i chose to swap to umwog.... do i need to top-up since the issue price is 80c.. dont quite understand... please help...

Posted by OngLai88 > 2017-01-19 21:00 | Report Abuse

How would PNB benefits from the merger? Any experts can explain. Thank you.

Posted by arcadicus > 2017-01-19 21:07 | Report Abuse

Upon completion of the sales and purchase agreement (SPA) relating to Icon, Ekuinas will emerge as 12.6% of UMW-OG, second only to Permodalan Nasional Bhd (PNB) and funds under its management.

PNB and its funds will hold 40% of UMW-OG following the proposed demerger of UMW-OG from UMW Holdings.

Posted by bleuerouge > 2017-01-19 21:10 | Report Abuse

need some announcement very soon to clear the air, what would be our shares in Icon. I believe in either way share swap or cash, we are on the winning tickets..:-)

Posted by mfbs > 2017-01-19 21:16 | Report Abuse

Thats right

Posted by OngLai88 > 2017-01-19 21:18 | Report Abuse

UMW OIL & GAS CORPORATION BERHAD (“UMW-OG” OR “COMPANY”)

(I) PROPOSED ACQUISITION OF 497,768,820 ORDINARY SHARES OF RM0.50 EACH IN
ICON OFFSHORE BERHAD (“ICON”) (“ICON SHARES”), REPRESENTING
APPROXIMATELY 42.3% EQUITY INTEREST IN ICON, FOR A PURCHASE
CONSIDERATION OF RM248,884,410 OR RM0.50 PER ICON SHARE (“ICON PURCHASE
CONSIDERATION”) TO BE SATISFIED VIA THE ISSUANCE OF 311,105,513 NEW
ORDINARY SHARES OF RM0.50 EACH IN UMW-OG ("UMW-OG SHARES") AT AN ISSUE
PRICE OF RM0.80 PER UMW-OG SHARE ("PROPOSED ICON ACQUISITION");

(II) PROPOSED ACQUISITION OF 37,087,725 ORDINARY SHARES OF RM1.00 EACH IN
ORKIM SDN BHD (“ORKIM”) (“ORKIM SHARE”), REPRESENTING APPROXIMATELY
95.5% EQUITY INTEREST IN ORKIM, FOR A CASH CONSIDERATION OF RM472,725,000
(“ORKIM PURCHASE CONSIDERATION”) (“PROPOSED ORKIM ACQUISITION”);
(PROPOSED ICON ACQUISITION AND PROPOSED ORKIM ACQUISITION TO BE COLLECTIVELY REFERRED TO AS “PROPOSED ACQUISITIONS”)

(III) PROPOSED MANDATORY GENERAL OFFER (“MGO”) FOR ALL THE REMAINING ICON
SHARES NOT ALREADY OWNED BY UMW-OG AND PERSONS ACTING IN CONCERT
WITH IT (“PAC”) AFTER THE PROPOSED ICON ACQUISITION INCLUDING ALL NEW
ICON SHARES THAT MAY BE ISSUED PRIOR TO THE CLOSING OF THE PROPOSED
MGO (AS DEFINED BELOW) ARISING FROM THE EXERCISE OF OUTSTANDING
OPTIONS GRANTED PURSUANT TO ICON’S EMPLOYEES’ SHARE SCHEME
(“REMAINING ICON SHARES”) (“PROPOSED MGO”);

(IV) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW UMW-OG SHARES (“RIGHTS
SHARES”) TOGETHER WITH FREE DETACHABLE WARRANTS (“WARRANTS”) TO
RAISE GROSS PROCEEDS OF APPROXIMATELY RM1.8 BILLION (“PROPOSED RIGHTS
ISSUE WITH WARRANTS”);

(V) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF UMW-OG FROM
RM2,500,000,000 COMPRISING 5,000,000,000 UMW-OG SHARES TO RM5,000,000,000
COMPRISING 10,000,000,000 UMW-OG SHARES (“PROPOSED IASC”); AND

(VI) PROPOSED AMENDMENTS TO THE MEMORANDUM (“MEMORANDUM”) OF UMW-OG

Posted by OngLai88 > 2017-01-19 21:23 | Report Abuse

ICON shares will be converted to UMW-OG shares in the MGO. Later need to take out more cash to buy the UMW-OG rights with free warrant.

Posted by jayalbert > 2017-01-19 21:25 | Report Abuse

Wonderful..

Posted by Oil_n_Gas > 2017-01-19 21:26 | Report Abuse

Tabung Haji pls reject UMW OG offer. Too low.

Posted by arcadicus > 2017-01-19 21:29 | Report Abuse

but the new umwog is not the same as before without umw... hmmm.....