MINTYE BERHAD
KLSE (MYR): MBG (5886)
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General offer for cash-rich Mintye
Friction materials manufacturer Mintye Industries Bhd’s executive chairman Yeo Ah Tee and related parties are mulling a voluntary general offer to take the company private at RM1.60 and above. (Focus Malaysia)
2014-12-05 08:48
Be careful, announcement from Mintye official website:
We refer to the article titled “General offer for cash-rich Mintye” appearing on page 8 in Focus Malaysia, 6-12 December 2014, and drawing our attention to the highlighted sentence in the said article, reproduced as follows:
“… Mintye Industries Bhd’s executive chairman Yeo Ah Tee and related parties are mulling a voluntary general offer to take the company private at RM1.60 and above.”
After consultation with our Executive Chairman and major shareholder, Yeo Ah Tee, the Board of Directors of Mintye Industries Bhd (“Mintye”) wishes to inform Bursa Securities that it is neither aware nor has it any knowledge of any plan for a voluntary general offer to take Mintye private as stated in the said article.
An appropriate announcement will be made in accordance with the provisions of the Main Market Listing Requirements of Bursa Securities should there be any definitive corporate development.
This announcement is dated 5 December 2014.
2014-12-08 09:22
that is common vague answer and does not constiute a denial. the board is not deemed to have knowledge until it receives an offer letter just like goldis
2014-12-08 09:42
cash is king, anything may happen, just don't jump in on rumous now, falling KLCI very risky
2014-12-08 11:15
There is an old saying in Share Market, When the old man dies, the juniors will make waves and the related shares will rise!? One eg was Lee Rubbers. When Mintye senior director passed away, The share was purchase back at RM 8.00!? Pls. check the pass records. Now, it is RM 1.60 or more? So as Tun Dr M says : "We Malaysian are stupid!?"
2014-12-08 14:42
This company's fundamentals by itself is very solid regardless of whatever rumours you want to circulate. It's dividend yield last year was 4 percent. Please remember half the company's market cap is cash and there is no debt at all. Its damn rare to find a company like this
2014-12-08 15:51
if KLCI keep diving, and no matter how rare gems are (there are many more),cash is still king.
2014-12-08 16:08
DJ sharp fall overnight, expect KLCI to continue dive, it makes no sense KLCI rudderless always follow the pack.
2014-12-09 07:33
Isn't it usual for any Company to "deny" knowledge of what's happening? Working on fundamentals can seldom go wrong. I think the support level will be strong at 1.28.
2014-12-09 10:26
denying knowledge is different from denying that you intent to privatize as the latter will subject you to a six month ban from privitization. denying knowledge is a common vague answer given in order for them to be exempted from the six month ban just like Goldis.
2014-12-09 10:59
Thanks. Whatever, the Directors know best how to answer and what their "hidden agenda" is. Our object, no different from them is "to make money". Cheers!
2014-12-09 12:50
Mintye NTA is 1.75 current price 1.16, E&O NTA is only 1.37 current price 2.21. Buy in Mintye more attractive now.
2014-12-12 15:48
This company do car breaks. Rubber price went down recently. Shld be good for it in near future.
2014-12-31 08:55
Doing some amalgamation of shares...is this a privatize hint? Rm1.65 is earlier rumors. Nta now 1.75
2015-02-16 23:55
Thriw 1.24 somenone purpose ly push back 1.29.let see next week i push it
2015-02-27 18:26
seems like GO quiet down. HIGH NTA stock, low value now! 1.60 Min in future. Export also.
2015-07-10 14:02
i met the director on last year AGM. this company is very china man family business. they are not intent to goreng the share price but they will make sure declare dividend yearly. its suitable hod for long term
2016-03-03 11:34
why suddenly the volume increase so much? Normally the volume is very very low
2016-03-28 22:28
Day 58 of Fundamental Daily, YAPSS will be covering Mintye Berhad's fundamental via a short animated video. I hope it helps and please enjoy the video, see ya! #YAPSS #FundamentalDaily #MintyeBerhad
Click the on the link to find out more: https://youtu.be/2vXEEhYZm2k
2019-04-30 19:19
what happen to this counter? share price is uprising 24 sen to rm 1.00 today from 76 sen (10/07/2019).
2019-07-26 00:05
finally...this is what has happened>>
https://www.thesundaily.my/business/mintye-controlling-shareholder-to-privatise-company-through-selective-capital-reduction-repayment-of-rm1-30-apiece-HJ1281889
is 1.30 a fair price.?
2019-08-19 23:09
Not even close. NTA is around $1.80 per share based on the latest financial. The owner can easily pay upward of $1.50 and it is still a highway robbery. A lot lands are valued at cost so the real NTA is probably higher than $1.80.
2019-08-20 13:09
After 66 months as a Mintye shareholder, I have to wait for the privatisation to complete because my cost is 11,622.83 for 9,000 shares or else I will incur a realised loss.
On the other hand, I have received over $1,100 in dividends.
2019-08-20 17:08
Hopefully they will raise the SCR to 1.50...confirm many ppl will accept & they can take private more easily & quickly.
2019-08-20 17:10
I doubt Yatee & Sons will want to raise the price voluntarily unless they know they won't get 75% consents. Like any good business man, they will not want to pay more than they need. The good news is that Yatee & Sons will not be allow to vote on this SCR. It will be up to the rest of shareholders.
2019-08-21 18:32
Need 2 vote as well? Any option to accept before EGM? Had bad experience from MAA when price plunge when SCR was rejected.
2019-08-23 16:52
https://www.thesundaily.my/business/yatee--son-ups-scr-offer-price-for-mintye-to-rm1-36-apiece-JB1399685
put up block for sale at 1.31...why Yatee not interested?
2019-09-24 16:13
The deepest value in Mintye does not lie in their friction
materials business but in their landbank in Segambut and Ayer Keroh Melaka and its huge cash hoard ...Yatee knows that...so hope they up the offer to over RM1.60
2019-09-24 21:10
Absolutely spot on. The lands are valued at cost so the real NTA is much higher than $1.80.
2019-09-25 09:38
revised price to 1.36, but still far from the NTA..
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6290301
2019-09-25 14:57
what is different between SCR (selective capital reduction) to General Offer (GO)
Is it scr after EGM approve, need to sell no matter what?
2021-06-03 15:45
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lam what you do think abt this counter?
2014-11-13 20:04