Posted by EngineeringProfit > 2023-10-03 17:27 | Report Abuse

Such manifesto only can fish bplant bilises only lah.

Enough power to win GE16 or not

Posted by brianklc > 2023-10-03 17:29 | Report Abuse

Enuf power to get deposit refunded

Posted by brianklc > 2023-10-03 17:31 | Report Abuse

jokes aside, sepakup, PHBN hands are tied, especially when 3R's are raised... yes, ppl like you are sacrificed, but its for a bigger cause... tough luck to you... good luck to the country and future bplant investors

Posted by zahyus1 > 2023-10-03 18:18 | Report Abuse

Reference is made to Bursa Securities’ letter dated 3 October 2023 in relation to the article appearing in The Edge titled “RM1.15 bil Boustead-KLK deal falls through, say sources; govt seeks RM2 bil to ‘save’ LTAT”.



After due and diligent enquiry with all the directors, major shareholders and all such other person reasonably familiar with the matters about which the disclosure is to be made in this respect, the Board of BPlant wishes to announce that the controlling shareholders of the Company, BHB and LTAT, have informed the Company that the:



(i) The Proposed Strategic Collaboration is pending a final decision between the transacting parties.

(ii) The Cut-Off Date for fulfilling the Condition Precedent is on 6 October 2023.



Further updates will be announced in due course.



This announcement is dated 3 October 2023.

Posted by Steve99 > 2023-10-03 18:27 | Report Abuse

Still not sentence to death , for those still holding Bplant , ket see tomorrow share price reaction .

Posted by EngineeringProfit > 2023-10-03 18:29 | Report Abuse

What time to witness the greatest stampede of the year?

Posted by EngineeringProfit > 2023-10-03 18:30 | Report Abuse

Options to bet:

A. 10.00am

Posted by Steve99 > 2023-10-03 18:30 | Report Abuse

" The Proposed Strategic Collaboration is pending a final decision " , this one feel not good sign , before that already asking big boss, now still pending final decision ?

Posted by EngineeringProfit > 2023-10-03 18:32 | Report Abuse

B. 9.45am

Posted by zahyus1 > 2023-10-03 18:33 | Report Abuse

Steve99 ... Rightly so. But Hope for the best and prepare for the worst..

Posted by EngineeringProfit > 2023-10-03 18:34 | Report Abuse

C. 9.30 am

Posted by Ravetidus > 2023-10-03 18:43 | Report Abuse

I would suggest to refer back to the Edge article, the Edge office is at Menara KLK for crying out loud

Posted by EngineeringProfit > 2023-10-03 18:43 | Report Abuse

D. 9.15am

Posted by Syndicates > 2023-10-03 18:50 | Report Abuse

Who is the source the edge mentioned? Abu? Ah Kau? Or Muthu? Jee bai is it your trick to gain readers?

Posted by Hush77 > 2023-10-03 18:55 | Report Abuse

Well in my opinion..klk is a msian company, so there is nothing wrong for bplant to sell to klk..
Unless somebody wants to be hero or try to politicised it..

Posted by EngineeringProfit > 2023-10-03 18:58 | Report Abuse

E. 9.01am

Posted by birkincollector > 2023-10-03 19:46 | Report Abuse

tomorrow still suspended

Posted by EngineeringProfit > 2023-10-03 19:48 | Report Abuse

F. Tomorrow still suspended

Posted by Faiza > 2023-10-03 19:51 | Report Abuse

Those selling heavily prior to announcement likely based on inside info. Bursa shud investigate

Posted by titan3322 > 2023-10-03 19:53 | Report Abuse

When the deal falls through (meaning failed to go through) , KLK will go up and Boustead Plantation will go lousai any experienced punters will know why 🤣🤣

Posted by EngineeringProfit > 2023-10-03 19:55 | Report Abuse

As usual, little napoleans in bursa only good at makan gaji buta, sleeping on their jobs and waiting for afterlife (in h*ll)

Posted by i3lurker > 2023-10-03 20:02 | Report Abuse

Heavy replanting required.
Unless some bank gives BP special low rates and only interest pmt during growth stage, then its feasible to go alone without KLK.

Its possible LTAT entire group gets a special low rate from a special bank. That means LTAT entire Group no need to sell anything at all can survive.

Posted by RJ87 > 2023-10-03 20:04 | Report Abuse

Later surprise surprise…MGO RM2 with LTAT still holding 10%. Then, tmr limit up!

Posted by RJ87 > 2023-10-03 20:11 | Report Abuse

Ini affin kah?
Like this hv to sell affin liao…

Posted by brianklc > 2023-10-03 20:37 | Report Abuse

I think best for Bplant to suspend until COB 6 Oct.

Posted by firehawk > 2023-10-03 20:41 | Report Abuse

BOUSTEAD PLANTATIONS BERHAD

Further to Listing Circular No. ILC-03102023-00002, kindly be advised that, at the request of BPLANT, the trading in the Company’s shares will continue to be suspended with effect from 9.00 am, Wednesday, 4 October 2023, pending an announcement.



As such, the trading in structured warrants relating to BPLANT will also be suspended accordingly.

Posted by firehawk > 2023-10-03 20:55 | Report Abuse

Pursuant to Paragraph 19.05(1) of the Rules, KLK has dealt in the ordinary shares of BPlant ("Shares"), details of which are set out below:

Transaction Date Transacting Party Description of the Transaction Number of BPlant Shares Transacted Average transacted price per BPlant Share^ (RM)
29 September 2023 KLK Acquisition of Shares via open market 6,108,200 1.4600
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

I may say, until last Friday, KLK had no knowledge about the deal blew, and still acquire shares from open market @1.46.

If anything happens that cause investors losses is the gov (politic interferes business decision) or the Edge (published untrue /not confirmed news). Although there is saying that opposition against the deal but this is only noise that can't create real fear and turbulence, unless the gov make it happens.

Posted by EngineeringProfit > 2023-10-03 21:03 | Report Abuse

Shit will happen (always....this is s*tan-compliant Bursa)

Posted by x_abe81 > 2023-10-03 21:16 | Report Abuse

Deal still proceed but with some tweak lah. BPlant needs cash - that is fact and this KLK deal is very strategic long term too. How many GLC you expect our gomen to bail out again and again when having cash flow issue? Our medias are very unethical, just look at majority of media FB post, they are manipulating many news and post for more click baits.... its sickening to see. Tomorrow whoever sell will surely regrets. Dont become like some Malaysian netizen who simply read headlines, read click baits terus make decision/judgement.

Posted by smartly > 2023-10-03 21:17 | Report Abuse

those contra players die standing...

Posted by EngineeringProfit > 2023-10-03 21:35 | Report Abuse

This is like legal scamming modus operandi lah

Posted by Bursino > 2023-10-03 23:17 | Report Abuse

LTAT and Boustead collectively owned 67% of BPlant shares. Reported KLK already acquired 36% of BPlant shares. From where did the additional 3 % came? Let alone the unaccounted shareholding spread among the public.

Posted by Bursino > 2023-10-03 23:18 | Report Abuse

https://www.freemalaysiatoday.com/category/highlight/2023/10/03/klk-acquires-36-stake-in-bplant-from-open-market/

Posted by Bursino > 2023-10-03 23:19 | Report Abuse

Maggi Millionaires?

Posted by calvintaneng > 2023-10-04 00:57 | Report Abuse

BPLANT & KLK : A LOOK AT BOTH POSITIONS AT CURRENT CIRCUMSTANCE, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-10-03-story-h-218780915-BPLANT_KLK_A_LOOK_AT_BOTH_POSITIONS_AT_CURRENT_CIRCUMSTANCE_Calvin_Tan

Posted by jhleong > 2023-10-04 01:43 | Report Abuse

KLK only bought 3% from the open market. the 33% deemed interest should be the portion that KLK is in the process of acquisition.

Posted by mf > 2023-10-04 02:34 | Report Abuse

Dow Jones

Dow Jones Industrial Average

32,942.00

-491.35

1.46%

Nasdaq

NASDAQ Composite

13,042.53

-265.23

1.99%

Posted by Bursino > 2023-10-04 07:18 | Report Abuse

Moral of the story. The inherent risks investing in GLCs. 🤑

Posted by calvintaneng > 2023-10-04 07:40 | Report Abuse

Some GLCs are ok like Inno managed by TSH for Sabah Govt as well as SWKPlant managed by TAANN for Sarawak Govt
Also all these were good

Kulim
Tmakmur
Johor land
Qsr and Kfc
Mmc corp
Umland
And many others so not all are bad

Posted by blahbleh > 2023-10-04 09:23 | Report Abuse

what happened to contra traders? do t hey need to settle it today or can wait till counter uplifted from suspension?

Posted by calvintaneng > 2023-10-04 09:38 | Report Abuse

play contra ? I don't know leh😎

better don't play contra

it is proven by long years of observation that regular contra players up to 99% guarantee to lose money

contra punters and day traders are just like gambling in Genting Casino or gamble in lottery

Better buy Value stocks and hold tight or if not buy some landed houses in Johor to collect rent better

Posted by ks55 > 2023-10-04 10:46 | Report Abuse

T2, then another T2, so it T2 + T2, all going to holland...........

Posted by DJThong > 2023-10-04 10:52 | Report Abuse

New plantation jv
Eng Yee Black Star
Just keep buying
Twist and turn is our motto

Posted by 8u29song > 2023-10-04 14:48 | Report Abuse

bila buka balik...

Posted by UncleFollower > 2023-10-04 14:56 | Report Abuse

The weaker the market, the higher the likelihood LTAT proceeds with the deal. Gluck guys

Posted by UncleFollower > 2023-10-04 14:57 | Report Abuse

Good research calvin, but the 4% variance you mentioned is wrong. For KLK to have that 33%, u have to deduct it from LTAT's 68%. So there remains 29-30% in other hands



calvintaneng

BPLANT & KLK : A LOOK AT BOTH POSITIONS AT CURRENT CIRCUMSTANCE, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-10-03-story-h-218780915-BPLANT_KLK_A_LOOK_AT_BOTH_POSITIONS_AT_CURRENT_CIRCUMSTANCE_Calvin_Tan

13 hours ago

Posted by UncleFollower > 2023-10-04 18:01 | Report Abuse

Malaysia’s LTAT Weighs Keeping Control of Boustead Palm Unit in KLK Deal, Sources Say
***Price of 1.55 ringgit each wouldn’t change in reworked deal
Owners agreed in August to sell palm oil planter stake to KLK
By Elffie Chew October 4, 2023 at 3:54 PM GMT+8

Kuala Lumpur Kepong Bhd. is in talks with Malaysia’s military pension fund to rework a deal announced in August for the oil palm planter to buy a stake in rival Boustead Plantations Bhd., according to people familiar with the matter.

Lembaga Tabung Angkatan Tentera, the indirect owner of a majority of Boustead Plantations’ shares, and KLK are discussing a deal structure that would let the pension fund retain control of the company, the people said. The existing transaction, which hasn’t been completed, is set to trigger a mandatory offer for the remaining minority shares, potentially giving KLK a controlling stake.

LTAT and its unit Boustead Holdings Ltd. had agreed

in August to sell about a 33% stake in Boustead Plantations to KLK for around 1.15 billion ringgit ($243 million). The price per share of 1.55 ringgit each wouldn’t change as part of any revised deal, the people said, asking not to be identified as the process is private.

Shares of Boustead Plantations and KLK have been suspended since Tuesday.

Deliberations are ongoing and there is no certainty that the parties will proceed with a deal, the people said. A representative for LTAT said that, as Boustead Plantations and KLK are listed companies, they would make the requisite announcements on the decision via the Bursa Malaysia. A representative for KLK didn’t immediately respond to requests for comment.

Posted by UncleFollower > 2023-10-04 18:08 | Report Abuse

There are not many ways to give LTAT control. This is what I thought the discussion is about. But it looks quite challenging.

1. LTAT retains 50% + 1 share, sell the balance (around 18%) to KLK. That's it. No GO triggered. KLK owns 18%. NO REASON KLK wants to do this. Also, LTAT needs KLK to be committed to shoulder the burden of running the company, replant and so on.

2. LTAT retains 50% + 1 share, sell balance to KLK. No MGO, but as parties acting in concert, they can still offer to buy out minorities at $1.55 and delist BPlant. This is ideal for minorities, same as existing deal, the difference within does not concern minorities. It may be more likely than 1st scenario above, KLK holding 50% less 1 share can still ensure its wellbeing. However this is really then national service. WHY WOULD KLK want to do that. $1.55 is a premium price paid for control

3. Maintain existing deal KLK65%/LTAT35%. Give LTAT separate voting/ veto power. This way KLK's financial interest remains the same, but give controlling say to LTAT.

Any other possibilties anyone?

Posted by Ravi1969 > 2023-10-04 18:12 | Report Abuse

KLK can mop up 60% and MGO triggered

Posted by UncleFollower > 2023-10-04 18:15 | Report Abuse

@Ravi

Cannot, then LTAT has no control. The delay now is LTAT wants control.