So who is going to own Boustead tomorrow? LTAT can just sell all to that party and distribute proceed to its members. Case close. Account close. LTAT just focus on Kooperasi will do.
Money should not be a loan to LTAT. Once privatized BPlant, LTAT must clear the the money it receive by parting all businesses it owned to the govt. Govt can recoup the money by cannabilize and sell to any interested party, just like Slatar Walker did to Haw Par International.
“ “Following this termination, LTAT wishes to also announce that it aims to proceed with the general offer of BPlant at an offer price of RM1.55 per share, subject to regulatory approvals,” LTAT said in a statement on Wednesday.”
What a roller coaster. Those that plan to jump from 14 floor pls wait…still got hope…
if really want to proceed with takeover, why trading halt? can collect low x baik ke? they gave me impression that they takut the price hit LD. if want to take private xpayah takut volatility lah.
LTAT announced a new pre-conditional possible offer at 8am. SC did not sleep? so efficient approve this when the other offer just terminated less than 12 hours ago?
"The SC must be consulted in advance if a person proposes to include in a announcement any pre-condition to which the making of an offer will be subject. " CMSA
Bplant no such higher value , all value haven been eaten by Monkey...... Just that big boss very care about his face and the Political issue ( Big Malay)
LTAT Y reject and offer to take over bjplant. Because they now know the 1.55 buy by klk is too cheap. Gomen gonna abolish or cut windfall tax. Gonna give replanting allowance. Gonna raise biofuel to industrial sector, and eventually to b20 by 2025. A lot of push to palm oil and agriculture coming. Why sell now to klk when gomen gonna help push palm oil sector.
I wonder if this pre conditional "POSSIBLE" offer is to soothe KLK's anger. KLK is stuck with direct interest of 3% BPlant shares where KLK forked out more than RM100 million. SC kindly please investigate and explain to the public why SC approved this Pre-conditional possible offer announcements in such a hurry when the other offer just failed. All less than 12 hours.
Look at plantation yearly chart. 2024 is the reversal year for this sector after 9 years correction. Already implies a lot of push by gomen coming soon.
Already key in sell order due to cancelled take over. Then news say LTAT offer to buy back at 1.55. So cancelled all orders. What a U turn. !! LTAT doing trick again like Boustead to get BPlant at cheap price !! Already said 2 strategic lands at Penang and Perak worth 8 billion. Am sure when price free fall because not many heard of LTAT offer, either KLK or LTAT buying at panic selling price. Investors will never trust GLC selling after this, as can U turn !!!
Someone panicked? It appears to me the POSSIBLE buy back announcement at 1.55 per share may be a stop gap possible dodge to prevent a possible price free fall which will truly damaging the already badly damaged credibility.
" Bplant has not receive any firm offer relating the general offer " . Really need thanks this LTAT letter , save a lot Bplant holder , otherwise sure a lot people Jumpoff buildings ....
ini-kalilah for retailer to run at current price 1.36 .. make less 14% ( 1.36-1.55 ) is better than if the deal is off, then u might lose max 30% today..tmr x tau yet..😁
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Posted by ks55 > 2023-10-05 09:11 | Report Abuse
Money is from govt. MoF? PNB? Petronas?
So who is going to own Boustead tomorrow? LTAT can just sell all to that party and distribute proceed to its members. Case close. Account close. LTAT just focus on Kooperasi will do.