Posted by RocketRider > 2017-09-28 18:35 | Report Abuse

Is it because the material litigation thing? Hope no bad news...

Posted by dave5 > 2017-09-28 18:44 | Report Abuse

Or bonus issue!!!

Posted by The_Reds > 2017-09-28 18:57 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5557273
they said is a material corporate proposal...most likely is a good news if u look at how much somebody has been accumulating for the past 3 weeks

Posted by The_Reds > 2017-09-28 19:02 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5557453
not related to the suspension but is considered a good news as HSSEB (defendant) is cleared from this court case without need to pay compensation

Posted by darkstar > 2017-09-28 19:03 | Report Abuse

Good to hear that

Posted by optimus9199 > 2017-09-28 19:05 | Report Abuse

Pls buy as much as possible...bonus issue yummylicious

Posted by The_Reds > 2017-09-28 19:07 | Report Abuse

*Pavillion 2nd Corporate exercises coming.

This Before they announced the transfer
Posted by Pavillion > Mar 8, 2017 02:26 PM | Report Abuse X

Expecting one big corporate exercise coming.

Very seldom big Investment house will want to cover new Ace Market stock...now slowly Investment/research house covering this stock.*

Pavillion had mentioned about this back on 20/9/17..i strongly believe he heard something but of coz he cant disclose it here...expect something very positive tomolo...good luck

Posted by dave5 > 2017-09-28 20:47 | Report Abuse

It mentioned proposal. Another proposal??

Posted by dave5 > 2017-09-28 20:48 | Report Abuse

might not be this court case matter.

Posted by dave5 > 2017-09-28 20:52 | Report Abuse

Hopefully bonus issue with free warant

Posted by dave5 > 2017-09-28 20:58 | Report Abuse

Agreed with @The_Reds good news, hurray!!!

Posted by Kenneth Hng Kah Meng > 2017-09-29 03:14 | Report Abuse

Still keeping did not even sold any lot, still believe in hsseb, good fundamentals company, I believe reward time is coming

Posted by Kenneth Hng Kah Meng > 2017-09-29 03:14 | Report Abuse

Of us being faithful

Posted by dave5 > 2017-09-29 10:02 | Report Abuse

@longlifeman i guess it is great news reward for investors.

Posted by gogocaat > 2017-09-29 10:58 | Report Abuse

I heard project awarded worth $$$$$ :$

Posted by longlifeman > 2017-09-29 11:01 | Report Abuse

Huat ah

Posted by projecti2016 > 2017-09-29 11:14 | Report Abuse

I expect good news

Posted by dave5 > 2017-09-29 11:20 | Report Abuse

after 5 if Dow up tonight

Posted by dave5 > 2017-09-29 11:21 | Report Abuse

Hsseb shares surge like missiles.

Posted by The_Reds > 2017-09-29 11:44 | Report Abuse

Still waiting for announcement...

Posted by darkstar > 2017-09-29 11:47 | Report Abuse

any news to share?

Posted by gogocaat > 2017-09-29 11:53 | Report Abuse

Project worth billion I heard .

Posted by optimus9199 > 2017-09-29 12:18 | Report Abuse

5pm only announce the news

Posted by longlifeman > 2017-09-29 12:23 | Report Abuse

Loading................

Posted by Patron > 2017-09-29 12:34 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5557957

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HSS ENGINEERS BERHAD ("HSS" OR "COMPANY") HEADS OF AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN SMHB ENGINEERING SDN BHD

Posted by charles_cty > 2017-09-29 12:43 | Report Abuse

On behalf of the Board of Directors of HSS, Maybank Investment Bank Berhad, wishes to announce that the Company has today entered into a heads of agreement with Datuk Ir. Teo Chok Boo, Ir. Prem Kumar A/L M.Vasudevan, and Ir. Syed Mohamed Adnan Bin Mansor Alhabshi for the proposed acquisition of the entire issued share capital of SMHB Engineering Sdn Bhd, representing 100% equity interest for a purchase consideration of RM270 million.

Kindly refer to the attached for further details.

This announcement is dated 29 September 2017.

Posted by Sean888 > 2017-09-29 12:50 | Report Abuse

According to the announcement, the fund will be raised through right issue and private placement..going to dilute eps

Posted by Jane1029 > 2017-09-29 12:50 | Report Abuse

It's through rights and private placement. Is it good?

Posted by dave5 > 2017-09-29 13:12 | Report Abuse

Need your opinion.

Posted by The_Reds > 2017-09-29 13:35 | Report Abuse

It's a good move for long term..but not sure how's market reaction to RI and PP...

Posted by optimus9199 > 2017-09-29 13:59 | Report Abuse

Bad news coz will issue rights and sharehave placements of at least 100mil sharesshare which will furtherdiute thea earnings. Further more the new company did not perform well this year as recordedlesser revenue and net profit.

Posted by paulthesotong > 2017-09-29 14:07 | Report Abuse

Look like the snake swallows the elephant....

Posted by speedlikecy > 2017-09-29 14:16 | Report Abuse

The Purchase Consideration shall be satisfied by the Company on or before the completion date in such manner to be stipulated in the SSA via a combination of cash amounting to RM162 million (“Cash Consideration”) and issuance of new ordinary shares in HSS (“HSS Shares”) amounting to RM108 million (“Consideration Shares”) which are to be allotted and issued by the Company to the Vendors or their nominee(s) at an issue price of RM1.14 per share which was based on the 5-day volume weighted average market price of HSS Shares up to the market day preceding the date of the HOA. The Cash Consideration shall be raised from a combination of bank borrowings and issuance of new HSS Shares via placement and rights issue, the ratio and quantum of which will be determined later (“Proposed Equity Issuance”). The Cash Consideration shall be raised from a combination of circa 50% via bank borrowings and circa 50% via placement and rights issue;

Posted by darkstar > 2017-09-29 14:41 | Report Abuse

"The proposed acquisition represents a strategic opportunity for the company to expand its engineering consultancy services and to make further inroads into the water resources and water supply development sectors.

"With the proposed acquisition, the company is able to further enhance its expertise and operations and scale up its resources, especially its engineering and marketing resources, and exploit economies of scale which is expected to create synergies and enhance the company’s financials and in turn, its shareholders’ value," HSS said.

TheEdge.com

Posted by darkstar > 2017-09-29 14:44 | Report Abuse

It added that proposed acquisition would combine the strengths of two leading Malaysian engineering consultancy firm which will strengthen the position of the enlarged HSS group to be a key contender to undertake projects not only in Malaysia but in the international market.

“The order book of HSS group would increase significantly from approximately RM400mil currently to RM738mil post proposed acquisition. The proposed acquisition will also expand HSS’s current workforce from 600 to more than 1,000 employees with more than half of whom are professional engineers,” HSS said.

TheStar

Posted by dave5 > 2017-09-29 14:47 | Report Abuse

This is the fastest mean of expanding. Acquisition. Good news ?

Posted by darkstar > 2017-09-29 14:49 | Report Abuse

Batu Loncatan

Posted by ttmmww > 2017-09-29 15:02 | Report Abuse

The private placement price @1.14, guess management will at least supporr the price at this level?

Posted by The_Reds > 2017-09-29 15:02 | Report Abuse

Hmm..difficult to say..price may not move or even drop due to the RI and PP, until completion of the deal which is expected on 1st quarter of 2018

Posted by talkcocksingsong > 2017-09-29 15:31 | Report Abuse

the deal may not be as bad as you think, share base increase from 300mil to 500mil. but Net profit will jump from rm15-20m to RM40m.
valuation of target acquired at 11pe and 7.7 EV EBITDA also not too bad.

Posted by optimus9199 > 2017-09-29 15:38 | Report Abuse

That is if the water company making higher revenue and profits than 2017

Posted by talkcocksingsong > 2017-09-29 15:40 | Report Abuse

ask urself, if revenue/profit is declining under unfavorable prospect, will hss want to buy it? base on number for only 2 years u can extrapolate the downtrend?

hss mentioned before the prospect for water business is promising. government wants to do sth about it.

Posted by RocketRider > 2017-09-29 15:48 | Report Abuse

With the acquisition, will HSSEB be considered going to monopolize the local market?

Posted by desmondcsh > 2017-09-29 15:53 | Report Abuse

Monday buy at 80cents

Posted by Kenneth Hng Kah Meng > 2017-09-29 19:16 | Report Abuse

With this acquisition hsseb will definitely strengthen it market value, with all this projects in hand we will see hsseb raising above rm1.50

Posted by darkstar > 2017-09-29 21:08 | Report Abuse

HSS工程發文告指出，今日簽署前期協議，以2億7000萬令吉全購SMHB工程，以強化水務基礎設施業的工程諮詢地位。

SMHB工程是一家工程顧問公司，擁有水務處理工程與環境等服務相關的豐富專業知識。

HSS工程在這項股權收購協議下，將支付1億6200萬令吉現金，剩下的1億800萬令吉則通過發新股完成。

至于1億6200萬令吉現金部份，銀行貸款占半數，另外半數資金將從私下配售與附加股籌獲。

HSS工程目前持有約4億令吉合約訂單，加上SMHB工程價值3億3800萬令吉的未完成合約訂單，合計訂單值達7億3800萬令吉。

Chinapress

Posted by darkstar > 2017-09-29 21:26 | Report Abuse

2.7亿购工程諮询公司　HSS巩固实力进攻水务

同时，他指出，公司完成收购后，HSS工程净利预计將翻倍成长，从2016財政年的1400万令吉，跃升至3900万令吉。而该笔交易將整合两家公司的资源，从而降低业务成本。HSS工程预期，未来3年將为公司省下5%至10%的成本。
尼基表示，公司看好国內水务处理领域的前景，通过以上收购將加强HSS工程在该领域的实力，並预期水务处理业务对公司的贡献比重將继续提高。
尼基也指出，结合2家公司的手握订单，总计为7亿4000万令吉，可让公司忙碌3至5年。而竞標的订单总额也增至4亿6500万令吉。
成立于1962年的SMHB，深耕水务处理业务超过50年。曾参与雪州河第1阶段至第3阶段的发展项目，以及马六甲河美化和净化等工程项目。
每年4月30日结账的SMHB，2016財政年净利和营业额分別为2500万令吉和9300万令吉。

OrientalDaily

Posted by Pavillion > 2017-09-29 21:44 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/09/29/hss-engineers-to-acquire-smhb-engineering-for-rm270mil/

https://www.nst.com.my/business/2017/09/285555/hss-engineers-eyes-engineering-projects-overseas


Ha ha......snake swallowed the elephant.

Posted by Pavillion > 2017-09-29 21:46 | Report Abuse

This the way to go.....expanding thru MA rather than organic growth. Very soon going to be RM1Billion club member.

Posted by Pavillion > 2017-09-29 21:57 | Report Abuse

They have to issued RM108M worth of new HEB shares and give it to directors (vendor).....if I were them......I will push sky high....before issuing new shares......ha ha that me lah.....and they will because I can tell you....they will busy with projects announcements.....