Posted by ChloeTai > 2023-10-04 18:16 | Report Abuse

@UncleFollower, I cannot understand the deal. Can you please let me know whether Bplant shares will go up or down.

Posted by UncleFollower > 2023-10-04 18:16 | Report Abuse

Also, it's not possible for KLK to buy shares in open market to hit 33% + 1 share to trigger GO, if LTAT does not sell to them. That will drive the price too high and without certainty, KLK simply wont do it

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

@Chloe

No news announced yet. Above we are sort of told, the delay now is because LTAT wants control. I am just throwing out the various scenarios for discussion

Looks like the deal is on - but there can be a WORST CASE scenario for us. Which is KLK buys from LTAT but does not trigger GO to privatise. So they pay LTAT $1.55, and share dive to 90 cents, 60 cents. This happened before in E&O Sime Darby Terry THam deal.

Posted by ks55 > 2023-10-04 18:27 | Report Abuse

What is the benefit of paying premium price but not a controlling stake?

Why should there be a veto (or Golden share) for a minority shareholder? Unless it was previous govt owned. BPlantation is just a privately owned company so happen majority shareholder was a govt agency.

If LTAT still insists on controlling the company (or veto power), KLK should just walk away. Any approval from KLK shareholders so far?

Posted by irumisan > 2023-10-04 18:34 | Report Abuse

No need approval from shareholders of klk

Posted by RJ87 > 2023-10-04 19:09 | Report Abuse

I think UncleFollower scenario 1 and scenario 2 don't solve anyone's problem. KLK wants control, LTAT and Boustead needs cash.

LTAT + Boustead only got only 60+%. Sell 10+% to keep 50% + 1 share hardly enough to solve anything about their liquidity problem.

Everytime bumi company get into liquidity problem, government conveniently bail out with tax payers money. Maybe anwar should dig into zakat instead. Use bumi money to solve bumi problem. Fair and square. Else, don't kick a fuss if a non-bumi trying to help out bumi company by buying at premium when own bumi company like Sime Darby and TradeWind either not touching with 10 ft pole and low-balling own bumi company.

Now that these racist PN mp makes it a racial issue. Then, make it racial issue. Use money bumi to fix your own bumi problem. I will expect nothing less from non bumi mp in parliment.

Posted by ks55 > 2023-10-04 19:28 | Report Abuse

Why no announcement till now? What is the justifications for suspension? Bursa double standard? Surely will lose faith if Bursa not taking any action against BPlant tomorrow.

Posted by ks55 > 2023-10-04 19:32 | Report Abuse

KLK should just go on trading tomorrow regardless anything BPlant wish to announce. KLK can just reply to Bursa stating nothing to report right until this moment. Don't spoil your own reputation and credibility because incompetency due to others. Save your own backside first.

Posted by Syndicates > 2023-10-04 19:51 | Report Abuse

Blacklist glc! U turn everywhere!

Posted by birkincollector > 2023-10-04 20:00 | Report Abuse

On behalf of the Board, RHB Investment Bank wishes to announce that the Company has been informed that the Condition Precedent under the SCA will not be satisfied by the Cut-Off Date of 6 October 2023 and accordingly, the parties to the SCA have agreed not to proceed with the Proposed Strategic Collaboration.

In the circumstances, the parties mutually agree that:

(i) the SCA shall be terminated with immediate effect on 4 October 2023; and

(ii) as a result of the termination, BHB shall return the Deposit (equivalent to the sum of RM229,151,989.46) to KLK within 14 business days from 4 October 2023, or such other later date as may be agreed between the parties.

The termination of the SCA is not expected to have any material effect on the earnings, earnings per share, NA and NA per share of the KLK Group for the financial year ending 30 September 2024.

This announcement is dated 4 October 2023.

Posted by birkincollector > 2023-10-04 20:00 | Report Abuse

limit down tmr

Posted by Chan Huat > 2023-10-04 20:01 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3390175

Posted by Bursino > 2023-10-04 20:05 | Report Abuse

Can any people with legal knowledge enlighten shareholders if they may collectively take this matter to court.

Posted by Bursino > 2023-10-04 20:09 | Report Abuse

What a coincidence! PM announced 300m for LTAT. Deal cancelled and LTAT to give back 230m deposit money within 2 weeks time. 😁

Posted by ks55 > 2023-10-04 20:11 |

Post removed.Why?

Posted by ks55 > 2023-10-04 20:12 |

Post removed.Why?

Posted by ks55 > 2023-10-04 20:13 |

Post removed.Why?

Posted by i3lurker > 2023-10-04 20:16 | Report Abuse

before talks was like 60 + sen only

may drop down to this level
usually exceeds
bear in mind all these are old trees not so productive.

Posted by i3lurker > 2023-10-04 20:18 | Report Abuse

if 26 sen tutup dua mata 🙈 and just buy !!!

Posted by ChloeTai > 2023-10-04 20:21 | Report Abuse

Kindly be advised that the trading in BPLANT’s shares will resume with effect from 9.00 a.m., Thursday, 5 October 2023.

Posted by ks55 > 2023-10-04 20:22 | Report Abuse

God Bless KLK. KLK can now go for other plantation land owned by foreigners. Lee Oi Hian can also consider other smallish Chinaman plantation like MHC.

Posted by Iamnotasifu > 2023-10-04 20:38 | Report Abuse

wait at 60sen, this stock is too overrated overprice, see you 97 sen tomorrow and 67 sen on friday

Posted by smartly > 2023-10-04 20:40 | Report Abuse

i think tomorrow will be at 89sen before attempting to 62sen on friday

Posted by ks55 > 2023-10-04 20:44 | Report Abuse

Any share less than 1 ringgit limit down price is 30 sen.

Posted by Bursino > 2023-10-04 20:44 | Report Abuse

How sure are you they may not do a Boustead Holdings 2.0? Sell down the share price. Take it private. Strip and monetize. After all they are given a breather. The Gomen will give them another 2 billion to settle due debts.

Posted by xiaoeh > 2023-10-04 20:44 | Report Abuse

Not yet fall through, anything can turn in boleh land.

Posted by ks55 > 2023-10-04 20:45 |

Post removed.Why?

Posted by ChloeTai > 2023-10-04 20:50 | Report Abuse

First limit down: 0.7 × 1.27 = 0.89
Second limit down 0.89 - 0.30 = 0.59
Third day cannot limit down due to the rule that after 2 consecutive limit downs, the 3rd day cannot limit diwn.
3rd limit down: 0.59 - 0.30 = 0.29.

Posted by smartly > 2023-10-04 20:52 | Report Abuse

contra players die standing...😥

Posted by ChloeTai > 2023-10-04 20:53 | Report Abuse

KLK bought so many Bplant shares. KLK will actively dumps Bplant shares at the region 0.29 to 0.59 on the 4th day.

Posted by EngineeringProfit > 2023-10-04 20:54 | Report Abuse

What time to witness the greatest stampede show of the year?

Posted by smartly > 2023-10-04 20:54 | Report Abuse

good luck all

Posted by Protectcap > 2023-10-04 21:02 | Report Abuse

So next time who ever want to buy GLC company,better ask ther BOD to give personal guarantee that they will not change their mind on the agree deal,no excuse of arahan dari atas bla bla bla !!!!

Posted by firehawk > 2023-10-04 21:08 | Report Abuse

The Edge reporting is correct/
KLK is also a victim, like many people here
We have an not caring gov, that let investors down

Posted by i3lurker > 2023-10-04 21:10 | Report Abuse

facts of life lah
cannot blame LTAT
they sell coz need money urgently
now PM says give them 300 million so no need sell loh.

becomes => sell is actually shares 🙄

Posted by i3lurker > 2023-10-04 21:14 | Report Abuse

https://www.bharian.com.my/berita/nasional/2023/10/1159901/kerajaan-cari-dana-tambahan-rm2-bilion-bantu-ltat-tak-rugi-pm-anwar

"Tolong berapa? RM300 juta minggu ini. Saya bentang di Kabinet. Semua sokong. (Menteri dari) PH (Pakatan Harapan) sokong, BN (Barisan Nasional) sokong, GPS (Gabungan Parti Sarawak) sokong, DAP sokong.

Posted by i3lurker > 2023-10-04 21:18 | Report Abuse

and by a miracle....
sslee escaped this Red Wedding carnage by selling at Theoretical Valuation much earlier 🙄

Posted by DJThong > 2023-10-04 21:42 | Report Abuse

New bid from
eng Yee black star group

Posted by ImLearningFromSifu > 2023-10-04 22:14 | Report Abuse

😥 BBQ 了

Posted by pang72 > 2023-10-04 22:16 | Report Abuse

Often time, don't make conclusion for glc decision too early.
It will turn table last minute regardless deposit or endorsement completed

Posted by speakup > 2023-10-04 22:20 | Report Abuse

https://focusmalaysia.my/not-just-a-cabinet-reshuffle-but-a-revamp-of-the-political-economic-system/

PMX acting as a Reformist to foreigners only. He is no reformist. A reformist will never bully an Indian teenager for asking about meritocracy. A reformist will never waste Public Funds to bailout a failed Bumi company.

Next GE16, please do not vote for PMX and PH! Enough is Enough!

Posted by pang72 > 2023-10-04 22:20 | Report Abuse

So, KLK helps to bail out the illing company.
But, the company choose to continue to be ill..and ill be going to stage 3, 4 cancer stage...
So, what is next.... Pn17...

Posted by pang72 > 2023-10-04 22:23 | Report Abuse

In another way is good for klk
Continue be the best plantation Co..
Not drag by glc to worsen the balance sheet to rescue company

Posted by speakup > 2023-10-04 22:23 | Report Abuse

Klk is a private company so our tax money not wasted.
But bailout by govt is using our hard earned Tax Payer money!

Posted by pang72 > 2023-10-04 22:23 | Report Abuse

Satu conclusion - 60c!!

Touch 60c then buy

Posted by speakup > 2023-10-04 22:24 | Report Abuse

Say NO to PMX
Say NO to PH

I hope PH lose badly in the coming Pahang seat election. I no more support this fake Reformist

Posted by Song Song' > 2023-10-04 22:30 | Report Abuse

wow , Gi Ba Boom !!!! tmr limit down

Posted by ch > 2023-10-04 22:31 | Report Abuse

see u at 0.60 tomorrow..😅

Posted by Yippy68 > 2023-10-04 22:32 | Report Abuse

the biggest cheating game ever happened. some happy, some very sad. truly. a good or a wrong decision.

Posted by Bursino > 2023-10-04 22:36 | Report Abuse

Invite people come and people come with gift only to be told to go away.