Posted by Lim Tek Wai > 2018-04-13 16:39 | Report Abuse

when spac failed to secure qa
promotors and founders lost all their seeds money

Posted by DK66 > 2018-04-13 21:43 | Report Abuse

TanChinku, there is no specific time frame between s&p to Egm. But you need to get approval from SC before calling an EGM. In any case, time is running out. They need to act soon. I think if there is no S&P by end of May, it is as good as gone.

Posted by DK66 > 2018-04-13 22:25 | Report Abuse

It is rather unusual if the promoters surrender without a fight. Everything is for sale at a price. Quite unbelievable if they can't even find a target until now. Even Hibiscus managed to find a QA despite oil price at US$100 level. F&B companies are not cheap now but there are definitely some willing to sell. I suspect they are purposely delaying the signing of S&P until the last possible moment.

Posted by TheContrarian > 2018-04-13 23:45 | Report Abuse

Any proposed acquisition needs SC approval. In Cliq Petroleum's case, SC did not grant approval and Cliq couldn't convene an EGM and eventually ran out of time.

Posted by afandi > 2018-04-17 23:00 | Report Abuse

high volume enter at 16.30 till close..hope some good news tommorow

Posted by TheContrarian > 2018-04-17 23:29 | Report Abuse

Yield investors buying.

Posted by ejgan > 2018-04-18 11:27 | Report Abuse

If yield investors buying means not a good news

Posted by abcde12345 > 2018-04-18 12:19 | Report Abuse

good

Posted by TanChinku > 2018-04-18 14:46 | Report Abuse

CVC cap purchase Munchy (Klse screener},

Posted by LimKL1 > 2018-04-18 17:06 | Report Abuse

行

Posted by Rio2814 > 2018-04-18 17:06 | Report Abuse

Munchy is no more in Rsena's radar. What is the New story?

Posted by Rio2814 > 2018-04-18 17:08 | Report Abuse

https://www.thestar.com.my/business/business-news/2018/04/18/cvc-capital-close-to-buying-munchy-group-for-rm1pt1b/

Posted by No_hope > 2018-04-18 17:15 | Report Abuse

no hope

Posted by Faiza > 2018-04-18 17:35 | Report Abuse

game over

Posted by Rocker > 2018-04-18 20:07 | Report Abuse

no need for insults.....we will see who has the last laugh......ada lobster di sebalik mee.....:)

Posted by Rocker > 2018-04-18 20:09 | Report Abuse

this is the problem.....you buy the stock of the company without having faith in the management team and then you hope your investment will reap huge returns.....steady lah Bro.....wait and believe.........

Posted by DK66 > 2018-04-18 21:54 | Report Abuse

As expected, Munchy just too big for Rsena to swallow.....

Posted by cybergreen > 2018-04-18 23:47 | Report Abuse

http://www.enanyang.my/?p=1029172. Munchy 老板说：谣言至于智者

Posted by cybergreen > 2018-04-18 23:47 | Report Abuse

Rumour and created panic sell

Posted by Rio2814 > 2018-04-19 07:59 | Report Abuse

Its good if rsena got Munchy but the reality is now they need to fight with CVC. siapa besar.

Posted by TanChinku > 2018-04-19 09:31 | Report Abuse

CVC capital USD 80b. , huge fund.!

Posted by DK66 > 2018-04-19 09:41 | Report Abuse

CVC cap is a private equity fund. They invest in private firms but normally they don't run the business.

Posted by DK66 > 2018-04-19 14:17 | Report Abuse

Reaction to Munchy's news is due to the fall out of prior optimistic expectation out of the previous star news. Hence, it is obvious that someone had used the public media to cause a stir on Rsena-WA. The current news caused a huge disappointment and thus resulted in panic selling. However, it is known that most warrants were in the hands of retail investors. Why would someone stirred up the price and let the small investors sell out and only to let it fall now. Intention is unknown.

Posted by Rio2814 > 2018-04-23 20:00 | Report Abuse

Dk66 if CVC dont run the biz, than who will run the operations?

Posted by Rio2814 > 2018-04-26 21:06 | Report Abuse

No movements is good. Will drop slowly.

Posted by DK66 > 2018-04-27 16:34 | Report Abuse

CVC do not normally go for 100% ownership. They will let the current management run the business.

Posted by Rio2814 > 2018-04-28 00:06 | Report Abuse

I agree with DK66. Who is the management to run the operations.

Posted by liftgkiks > 2018-04-30 11:53 | Report Abuse

peter ng, management team performance affect both value of shares and warrant

better keep quiet for sake of your ignorant and stupidity

Posted by newbie8080 > 2018-05-02 11:44 | Report Abuse

PETALING JAYA: The clock is ticking for Red Sena Bhd to acquire a qualifying asset.

After more than two years of searching, the special-purpose acquisition company (SPAC) has given itself until end of September to find a food and beverage (F&B) business that it can close a deal on.

It was reportedly looking to acquire confectionery product manufacturer Munchy Group and sources said that Red Sena is eyeing to get a hold of Retirement Fund Inc’s (KWAP) stake, which KWAP may be planning to sell.

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https://www.thestar.com.my/business/business-news/2018/04/09/clock-is-ticking-for-red-sena/

Posted by newbie8080 > 2018-05-02 11:48 | Report Abuse

@Lim Tek Wai

Only 90% will be return.

Posted by Rio2814 > 2018-05-02 21:28 | Report Abuse

This is a old news. Pls dont provide misleading informations because you want to make money.

Posted by Dickson FUng Ho Yin > 2018-05-03 01:19 | Report Abuse

Close deal

Posted by Rio2814 > 2018-05-07 20:13 | Report Abuse

Drop to new level

Posted by Dickson FUng Ho Yin > 2018-05-07 22:58 | Report Abuse

Hoseh liao... I waiting 0.010, 0.015

Posted by Rio2814 > 2018-05-08 09:00 | Report Abuse

If 1c to 1.5c dont waste your time. Cfm no QA.

Posted by DK66 > 2018-05-13 13:25 | Report Abuse

The management has indicated that a SPAC requires 4 to 6 months to complete a QA.

Posted by TheContrarian > 2018-05-23 22:27 | Report Abuse

In a sea of red, Red Sena was green!

Posted by Rio2814 > 2018-05-23 22:53 | Report Abuse

Why green? QA jadi kah?

Posted by stockjobber > 2018-05-29 08:43 | Report Abuse

Looks like windows of opportunities are lost ... pity on the poor Warrant holders, soon their holdings will turn valueless...!

Posted by Rio2814 > 2018-05-29 14:37 | Report Abuse

What happen to Munchy story? CVC story? Looks like game over?

Posted by TheContrarian > 2018-05-29 17:05 | Report Abuse

Munchy would cost RM1 billion. Red Sena has how much cash?

Posted by Rio2814 > 2018-05-30 15:25 | Report Abuse

This type of market who want to keep their business? Rsena time to acquire business.

Posted by afandi > 2018-06-04 11:31 | Report Abuse

huhu..bought at 5 cent last time

Posted by Peter Ng > 2018-06-06 16:55 | Report Abuse

Change ! Other counters re doing better ! This is a dead one !

Posted by Ivy Lo > 2018-06-06 22:40 | Report Abuse

没希望了别看了

Posted by yip_8988 > 2018-06-13 16:21 | Report Abuse

http://www.chinapress.com.my/?p=1273763

Posted by yip_8988 > 2018-06-13 16:22 | Report Abuse

还有什么更著名东西可以收购？？

Posted by Kidir89 > 2018-06-18 14:25 | Report Abuse

Red Sena sudah dpt QA ke

Posted by Rio2814 > 2018-06-20 11:38 | Report Abuse

I rasa dapat... Emak dia kuat.

Posted by StoneColdHunter > 2018-06-20 14:34 | Report Abuse

Next 2 weeks will be crucial..