KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.
In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years.
5259 EATECH, E.A.TECHNIQUE (M) BERHAD - + PRACTICE NOTE 17 / GUIDANCE NOTE 3 7 Nov 2023, 17:03 PRACTICE NOTE 17 / GUIDANCE NOTE 3 PRACTICE NOTE 17 / GUIDANCE NOTE 3 E.A. TECHNIQUE (M) BERHAD ("EATECH" OR THE "COMPANY")PROPOSED REGULARISATION PLAN 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
To get out of pn17 a plan has to be summited for approval. At 9 sen for the proposal? 1. You got an investor to put in 70 over million. 2. Am sure there is a term where this 9 sen stake cannot be sold at a certain period. Kalau bolih siapa tak nak. Assuming it is 30 sen then the amount will be 3x more for the investor to come out. A lower price is just to settle the issue of getting out of pn17. This will enable funds and retailers to invest. 4. Mesti ada sesuatu yg menarik. 5. The Johor factors? Just mine 2 sen worth.
I am certain there will be a big celebration for the BRICS+ on 1-1-2024 and the welcoming ceremony of the 6 new members into the expanded economic group.
If not happy you can sell your units if you still have them and let the new owner groups accumulate from the market. Its oversold already and pending for rebound back to previous 52WH
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TCH1186
907 posts
Posted by TCH1186 > 2023-11-07 09:05 | Report Abuse
wow straight jump. very nice of you eatech!