OVERSEA ENTERPRISE BERHAD
KLSE (MYR): OVERSEA (0153)
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31-Mar-2021
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2 people like this. Showing 50 of 888 comments
6sen back to right issue price 6sen.
Share consol is expected 20:1, rm1.20 based on 6sen per share
2bil shares+ to 100mil shares++
Top 30 shareholders hold 90% shares issued++
2024-05-28 08:39
first financial year post-pandemic reporting untung tahunan ... syabas
Friday, 31 May 2024
6:53PM
OVERSEA Financial year end net profit 4.089 million
2024-06-01 15:46
Successfully turnaround :)
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0153 OVERSEA OVERSEA ENTERPRISE BERHAD
Quarterly rpt on consolidated results for the financial period ended 31/03/2024
Quarter: 4th Quarter
Financial Year End: 31/03/2024
Report Status: Unaudited
Submitted By:
Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period
31/03/2024 31/03/2023 31/03/2024 31/03/2023
RM '000 RM '000 RM '000 RM '000
1 Revenue 19,376 15,905 70,599 56,191
2 Profit/Loss Before Tax 1,781 (1,472) 5,827 (1,502)
3 Profit/(loss) attributable to ordinary equity holders of the parent 829 (2,180) 4,089 (2,356)
4 Net Profit/Loss For The Period 829 (2,180) 4,089 (2,356)
5 Basic Earnings/Loss Per Shares (sen) 0.04 (0.19) 0.22 (0.21)
6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00
As At End of Current Quarter As At Preceding Financial Year End
7 Net Assets Per Share (RM) 0.0700 0.0800
Remarks:
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
31/05/2024 07:00 AM
Ref Code: 202405313100542
2024-06-04 08:11
Mereka yang tak yakin dengan mgmt, lepaskan syer anda... Pasti ada risk bagi mgmt sykt ini ya hehe
2024-06-04 11:41
FOR NEWBIES
HARVEST MIRACLE CAPITAL BERHAD (HM) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to RI.
This announcement is dated 15 July 2024.
================
List of high NOSH penny stocks with shares consolidation :-
2024 in progress - HM, MQTECH, XOX, VIZIONE, KGROUP
2024 completed - DESTINI, AEM, AT, FINTEC, TECHNAX, MLAB, BPURI,
2023 completed = JOE, ICON, MMAG, KOMARK, GOCEAN, AIM, DOLPHIN, DGB, VSOLAR, MERIDIAN, PASUKGB, EDUSPEC
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST
BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........
Retail investors trapped at high price incurred huge losses caused by share consolidation
2024-07-16 11:09
FOR NEWBIES
NOSH = 2,279,739,933
WB = 377,689,939
Announced EX Date Subject Ratio Offer
06 Jul 2023 27 Jul 2023 Rights Issue (warrant) 1.0000 : 1.0000 0.0600 View
17 Feb 2021 02 Mar 2021 Bonus Issue (warrant) 1.0000 : 2.0000 View
09 Feb 2021 23 Feb 2021 Subdivision 3.0000 : 1.0000 View
https://www.klsescreener.com/v2/stocks/view/0153/oversea-enterprise-berhad
Multi year loss making company
=====================
NOSH exceeded 2 BILLION shares due to directors frequent fund raising via share issuance to PP, ESOS, RI, etc
causing dilution to shareholders equity % and EPS
==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition
2024-08-26 12:04
FOR NEWBIES
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3480176
https://www.klsescreener.com/v2/stocks/financial-report/0153/2024-06-30
Another quarter of losses
2 months ago
Eddie dah mati, masih sunyi, how?
If Eddie Chai, a major shareholder of Oversea Enterprise, has passed away, several outcomes could follow, depending on the structure of his estate and his involvement in the company:
1. Estate Handling of Shares: Eddie Chai's shares would typically pass to his estate or designated heirs. If he had a will, the shares may be transferred according to his instructions. His heirs could choose to either maintain the stake or sell it.
2. Potential Sale of Shares: If the heirs are not interested in maintaining his position in Oversea Enterprise, they might decide to sell the shares. This could lead to a new major shareholder emerging, potentially influencing the company's future direction. If the shares are sold in a bulk transaction, it could attract institutional investors or other prominent figures.
3. Stock Market Reaction: The market may react to the news, depending on how involved Eddie Chai was in the company's management and strategy. If he was actively involved in decision-making, there might be uncertainty or speculation about the company's future, possibly causing stock price volatility.
4. Management and Strategic Shifts: If Eddie Chai played an active role in the company’s decision-making, his death could lead to changes in its management or strategic direction. The company might need to appoint new leadership or alter its growth plans, depending on how reliant it was on his influence and resources.
5. Corporate Succession Planning: If Eddie Chai's stake was significant, the board of Oversea Enterprise might need to reassess its succession planning. They may look for a new investor or strategic partner to fill the void, ensuring the company's long-term stability.
6. Regulatory and Legal Aspects: Depending on the size of Eddie Chai's stake, any transfer or sale of shares could be subject to regulatory approval, particularly if it leads to a significant change in ownership or control of Oversea Enterprise.
The company might also release a public statement on the situation, outlining how it plans to move forward without one of its key shareholders.
2 months ago
Retail investors can incur huge losses and feel trapped after a share consolidation (also known as a reverse stock split) due to several reasons:
1. Perceived Loss of Value: In a share consolidation, the number of shares a shareholder holds decreases, while the share price increases proportionally (e.g., 10 shares at RM1 might become 1 share at RM10 after a 10-to-1 consolidation). Although the total value of shares theoretically remains the same, the reduction in the number of shares may create a psychological effect, making investors feel as though they have lost value.
2. Stock Price Decline Post-Consolidation: After a consolidation, stock prices often fall, either due to market dynamics or investor sentiment. Some investors may view the consolidation as a sign of financial trouble, leading to selling pressure. If the price drops significantly after consolidation, retail investors who bought shares at a higher price can be trapped and see substantial losses.
3. Liquidity Issues: Share consolidations can reduce the overall liquidity of a stock. With fewer shares in circulation, it may become harder for investors to buy or sell at favorable prices, especially for small or mid-cap companies. Retail investors might find it difficult to exit their positions without incurring a loss due to a lack of buyers.
4. Lower Dividend Yield: If a company pays dividends, the yield may be affected by consolidation. For instance, if dividends don't increase proportionally with the consolidation, the effective dividend yield for investors could be reduced, making the stock less attractive to income-seeking investors.
5. Negative Sentiment and Market Perception: Share consolidations are often seen as a last-resort measure by companies facing financial difficulties or trying to avoid being delisted from a stock exchange. This negative sentiment can lead to additional selling pressure, driving down the stock price and exacerbating losses for investors.
6. Dilution Risk: In some cases, a share consolidation is followed by a capital raising or issuance of new shares, diluting the value of existing shares. This can further reduce the stock price and hurt investors who are already facing losses from the consolidation itself.
7. Investor Misunderstanding: Retail investors may not fully understand how share consolidations work and might misinterpret it as a sign of recovery, buying into the stock at inflated post-consolidation prices, only to experience losses when the stock declines.
In summary, retail investors often get trapped in high prices post-consolidation because the stock may decline further, making it difficult for them to sell without incurring large losses, especially if they bought the stock before or during the consolidation at higher prices.
2 months ago
The Securities Commission Malaysia (SC) has a regulatory mandate to protect investors, ensure fair market practices, and maintain confidence in the capital markets. However, the SC typically doesn't stop share consolidations because they are legal corporate actions that are often used by companies to address specific financial or operational issues. Here's why the SC might not intervene directly:
1. Share Consolidation is a Legitimate Financial Tool: Share consolidations are commonly used by companies to reduce the number of shares outstanding and increase the per-share price. This can be done to:
Avoid delisting from stock exchanges that have minimum price requirements.
Improve the perception of the stock by increasing the price per share.
Simplify the share structure of the company.
Since consolidations are part of normal corporate restructuring processes, the SC allows them as long as they comply with rules and regulations.
2. Corporate Autonomy: Publicly listed companies have the right to make corporate decisions (such as share consolidations) that they believe are in the best interest of their business and shareholders. The SC does not intervene in individual business decisions unless there is evidence of misconduct, fraud, or breach of regulations.
3. Transparency and Disclosure Requirements: The SC’s role is to ensure that companies provide full disclosure to investors regarding share consolidations. This includes ensuring that companies disclose the reasons for the consolidation, its potential impact, and any risks. Investors are then responsible for making informed decisions based on this information.
4. Protecting Market Integrity: The SC's primary focus is on preventing market manipulation, insider trading, and fraud. Share consolidations, by themselves, are not illegal or manipulative as long as they are conducted transparently and within regulatory guidelines. The SC monitors to ensure that these actions are not used to deceive investors or artificially inflate stock prices.
5. Investor Responsibility: Retail investors are expected to do their due diligence and understand the implications of share consolidations before making investment decisions. The SC, while promoting investor education, cannot prevent companies from taking actions that are legally allowed under corporate law. Investors are responsible for managing the risks associated with investing in stocks that undergo consolidations.
6. Addressing Market Abuse: If there are allegations that a company is abusing share consolidations to mislead investors, engage in market manipulation, or artificially prop up stock prices, the SC would investigate. However, as long as companies follow the rules, the SC does not intervene in routine corporate restructuring decisions like consolidations.
In summary, the Securities Commission Malaysia allows share consolidations because they are legitimate and legal corporate actions, and its role is to ensure transparency and compliance with regulations. It does not prevent such actions unless there is evidence of abuse or fraud. Investors must conduct thorough research and understand the risks associated with companies undergoing share consolidations.
2 months ago
"Hidden hand gang" refers to groups manipulating stock prices in the Malaysian market for personal gain.
They engage in unethical practices like price manipulation, wash trading, insider trading, and circular trading.
Price Manipulation: Artificially inflating stock prices through coordinated actions, then selling at a profit.
Wash Trading: Buying and selling the same stock among connected parties to falsely inflate trading volumes.
Insider Trading: Trading on non-public information to gain unfair profits.
Syndicate Networks: Wealthy investors, brokers, or executives collaborate behind the scenes to influence stock movements.
Circular Trading: Trading stocks within a group to create the illusion of demand and drive up prices.
Spreading Rumors: Disseminating false information to generate hype and attract retail investors.
Front Running: Brokers trade ahead of large orders to benefit from future price movements.
Collusion with Management: Company insiders may release misleading information to manipulate stock prices.
Regulatory bodies like the Securities Commission Malaysia try to monitor and prevent such practices, but enforcement is challenging due to complexity.
Retail investors are often victims, left holding overvalued stocks when prices crash.
Protecting against manipulation involves conducting thorough research, avoiding hype-driven stocks, and diversifying portfolios.
2 months ago
The founders of a company like Oversea Enterprise Bhd might choose to exit and sell their majority shares for a variety of reasons, and it doesn't necessarily imply they are "useless." Some common motivations for founders to exit include:
1. Monetizing Investment: Founders often invest years of effort into building a business. Selling shares could be a way to realize profits after years of hard work, particularly if the business has grown significantly.
2. Strategic Exit: Founders may exit if they believe that new leadership or investors can bring in fresh strategies to scale the company or take it in a new direction.
3. Retirement or Lifestyle Changes: Some founders may wish to retire, reduce their involvement in the business, or pursue different interests or opportunities.
4. Market Conditions: Founders may sell shares when market conditions are favorable, such as during a strong period of stock performance or when investor demand is high.
5. Loss of Interest or New Ventures: After years of running a business, some founders may lose passion for the company or want to explore new ventures.
6. Pressure from Stakeholders: In some cases, there may be pressure from shareholders, board members, or financial issues that prompt founders to sell their shares.
If the sale was sudden or unanticipated, it might also be tied to internal issues within the company or the broader economic environment.
2 months ago
Eddie Chai, a prominent figure in Oversea Enterprise Bhd, was a key player in the company's development and strategy. His passing could have several potential impacts on the company:
1. Leadership Void: Chai's death might create a leadership vacuum, affecting strategic decision-making and company direction, particularly if he was a central figure in operations and management.
2. Investor Confidence: The sudden loss of a key leader might impact investor confidence, especially if there is uncertainty about the company's future direction or succession plan.
3. Operational Disruptions: Depending on his role, Chai’s passing might lead to temporary disruptions in operations or decision-making processes until a successor is appointed or the leadership team stabilizes.
4. Succession Plan: If there is a well-defined succession plan in place, the company might experience a smoother transition, but if not, the process of finding and integrating a new leader could be challenging.
5. Market Perception: The market might react to news of his death, which could influence the company’s stock performance and public perception.
6. Strategic Changes: His absence might prompt a reevaluation of ongoing strategies and projects, potentially leading to changes in company priorities or direction.
The specific impact on Oversea Enterprise Bhd would depend on how the company manages this transition and the effectiveness of its succession planning.
2 months ago
If Benson, as the CEO of Oversea Enterprise Bhd, is not performing well, it could have several implications for the company:
1. Financial Performance: Poor performance by the CEO can lead to declining financial metrics, such as lower revenue, profit margins, and stock performance.
2. Strategic Direction: If the CEO is struggling, it might result in unclear or ineffective strategic direction, which can affect long-term business goals and operational efficiency.
3. Leadership and Morale: Ineffective leadership can impact employee morale and productivity. Staff may feel less motivated or uncertain about the company’s future.
4. Investor Confidence: Investors may lose confidence in the company’s leadership, leading to a decrease in stock price and difficulty in attracting new investment.
5. Operational Challenges: Day-to-day operations might suffer if the CEO is not effectively managing or directing key aspects of the business.
6. Potential for Change: If performance issues persist, the board of directors might consider changes in leadership or bring in additional support to address the challenges.
It’s essential for the company to assess the reasons behind the CEO’s performance issues and take appropriate actions to stabilize the situation, whether through leadership changes, strategic adjustments, or other measures.
2 months ago
**Oversea Enterprise Berhad**, a well-known Malaysian restaurant chain and food manufacturing company, was rumored to be up for sale following the passing of **Eddie Chai**, its controlling shareholder. There are several potential reasons for why Oversea Enterprise might be sold or face a strategic shift after Eddie Chai’s death:
### 1. **Succession and Leadership Vacuum**:
- Eddie Chai, who passed away in July 2022, was the controlling shareholder and a key figure in driving the company’s direction. With his passing, there may be uncertainties around **succession planning** and leadership. Often, when a company’s key figure dies, there might be pressure to sell if the next generation or current leadership lacks the same vision or willingness to continue running the business.
### 2. **Family Dynamics and Interests**:
- In some cases, the family or heirs of a deceased businessperson may have differing views on whether to continue with the business or liquidate assets. If Eddie Chai’s heirs are not interested in running Oversea Enterprise or prefer to focus on other ventures, selling the company may be a logical option to unlock the value of their shares.
### 3. **Financial Pressures or Strategic Exit**:
- **Oversea Enterprise** has faced its share of financial difficulties in the past, particularly due to **intense competition** in the restaurant sector and the impact of the COVID-19 pandemic, which negatively affected the food and beverage industry. Eddie Chai's passing may have accelerated discussions about restructuring or selling the business to handle financial pressures or streamline the company’s operations.
- A strategic sale could also be a way to attract fresh capital, new leadership, or a new direction for the company in an increasingly competitive market.
### 4. **Unlocking Value for Shareholders**:
- Oversea Enterprise owns valuable **real estate** and intellectual property linked to its restaurant brand and food products. Selling the business could be a way for shareholders to **unlock value** and potentially capitalize on these assets. If a buyer is willing to pay a premium for the company's assets or brand, it may present an opportunity to maximize the value for existing shareholders.
### 5. **Potential Buyers or Acquisition Offers**:
- After Eddie Chai’s death, potential buyers may have shown interest in acquiring Oversea Enterprise due to its established brand and long history in the Malaysian dining scene. A sale might be triggered by outside parties offering an attractive deal to the shareholders or board of directors.
### 6. **Changing Industry Landscape**:
- The **food and beverage industry** has undergone significant shifts, especially with the rise of food delivery platforms, changes in consumer behavior, and post-pandemic challenges. A sale could be viewed as a response to the changing landscape, with new owners potentially having the resources or expertise to navigate the evolving industry better.
In summary, the potential sale of Oversea Enterprise after Eddie Chai’s death could be influenced by leadership uncertainties, family dynamics, financial pressures, or a strategic decision to unlock the value of the company’s assets. The absence of its key leader may have prompted discussions about the best future direction for the company, including a possible sale to new investors.
1 month ago
Yes, selling **Oversea Enterprise Berhad** now could be seen as a strategically **good timing** due to the following factors:
### 1. **Tourism Boom**:
- As **tourism rebounds** after the COVID-19 pandemic, particularly in Southeast Asia and Malaysia, the **food and beverage sector** is experiencing renewed demand. Restaurants and food-related businesses benefit significantly from increased tourist traffic, which boosts revenue. Oversea Enterprise, with its well-known Chinese restaurants catering to both locals and tourists, could capitalize on this surge in tourism.
- The increased foot traffic and consumer spending in key locations, especially in urban centers and tourist hubs, could raise the company’s valuation.
### 2. **Economic Recovery**:
- With the **global economy recovering**, Malaysia’s **GDP growth** has improved, along with rising consumer spending. The **middle class** is also showing greater purchasing power, leading to increased demand for dining experiences. This economic backdrop is favorable for businesses in the F&B industry, making the company more attractive to potential buyers.
- Investors often see growth opportunities in economic recovery periods, where businesses poised to benefit from rising consumption can be valued at a premium.
### 3. **Better Valuation Due to Stronger Financials**:
- With the recovery in tourism and economic activity, **Oversea Enterprise’s financial performance** could improve, leading to stronger revenues and potentially higher profits. This might position the company for a more **favorable valuation**. A prospective buyer might pay more if the business shows it can generate better cash flow in the recovery period.
### 4. **Attractive Market Conditions**:
- Post-pandemic, the food and beverage market is shifting, with **consolidation** happening across the industry. Larger players are seeking to acquire established brands with strong footholds in key locations. Oversea Enterprise, with its iconic name and history in Malaysia, could attract buyers looking to expand their presence in the region.
- Additionally, **e-commerce and food delivery platforms** have grown during the pandemic, adding new revenue channels for restaurant operators. A buyer might see this as a chance to grow the company’s business through online food delivery and catering services.
### 5. **Rising Investor Interest**:
- Investors, especially private equity firms or strategic buyers, are looking for **established brands** in the food sector with growth potential. Oversea Enterprise, with its well-established brand, reputation, and loyal customer base, could be seen as a strong acquisition target, particularly with the potential for expansion both locally and regionally.
### 6. **Strong Asset Base**:
- **Oversea Enterprise owns valuable real estate** in some key locations, which could further increase its attractiveness. In the post-pandemic recovery, property values in urban and tourist areas are rebounding, which could enhance the overall value of the company’s assets, making now an ideal time to sell.
### 7. **Favorable Exit for Shareholders**:
- With tourism and the economy recovering, this may be an **optimal window for shareholders to exit** at a higher valuation. Eddie Chai’s passing and the possible lack of interest in continuing the business from heirs or current management could make this recovery period the best time to maximize shareholder returns.
In conclusion, disposing of Oversea Enterprise now could be a good move given the **tourism boom, economic recovery, stronger financial performance**, and **investor interest** in the food and beverage sector. Selling during this upward trajectory could allow the owners to capitalize on improved market conditions and secure a premium valuation for the business.
1 month ago
- **Tourism rebound**: Surge in tourism post-pandemic boosts revenue potential for Oversea Enterprise’s restaurants.
- **Economic recovery**: Increased consumer spending and F&B demand create favorable conditions for a high valuation.
- **E-commerce growth**: Rising demand for food delivery and online services increases the company's appeal to buyers.
- **Industry consolidation**: Ongoing M&A activity in the F&B sector provides an opportunity for a premium sale.
- **Strong asset base**: Valuable real estate holdings enhance the company's overall valuation.
- **Leadership uncertainty**: Eddie Chai’s passing creates a leadership vacuum, making this an opportune time to sell before potential business stagnation.
- **Maximizing shareholder value**: Selling now allows shareholders to capitalize on strong market conditions and unlock maximum value.
1 month ago
Latest annual report June 26th,2024 shows very messy icross holding.
1. Lazarus Seurities 17%
2. Stanton Fin group 7.3%
3. Saudee
4. Aemulti
5 Pasukha
6. Key Alliance
7. LKL
8. Focus Dynamics
9. AT Precision.
If you holding any company in the list, better get out
1 month ago
Boleh exit bersama ka? Hehe
JJPTR
Latest annual report June 26th,2024 shows very messy icross holding.
1. Lazarus Seurities 17%
2. Stanton Fin group 7.3%
3. Saudee
4. Aemulti
5 Pasukha
6. Key Alliance
7. LKL
8. Focus Dynamics
9. AT Precision.
If you holding any company in the list, better get out
38 minutes ago
1 month ago
ada berita hidden hand mau jualkan oversea... account oversea agak clean dan ia dah untung kembali
5 days ago
restoran biz kian pulih, pelancong kian ramai... lepaskan oversea... this gang meninggalkan kenangan yg baik selepas kematian eddie haha
5 days ago
biz restoran agak seasonal...ada kilang jugak
Friday, 31 May 2024
6:53PM
OVERSEA Financial year end net profit 4.089 million
Friday, 22 Mar 2024
6:33PM
OVERSEA Appointment of TAN KING TAI @ TAN KHOON HAI As Others
Wednesday, 28 Feb 2024
6:38PM
OVERSEA Nine-month net profit 3.260 million (increased 12438.46%)
5 days ago
Listed OnACE MarketSectorConsumer Products & ServicesSub-SectorTravel, Leisure & Hospitality
5 days ago
akaun agak bersih, tak macam akaun sykt2 lain puak hidden hand... so... baiklah jualkan kpd pihak yg mau membawa ia ke tahap yg lebih cemerlang
5 days ago
dengar ada hongkong group mau belinya... ia ada division pork free, boleh set up kat hongkong, ramai arab melawat dan buat biz di hongkong kini
5 days ago
This is the only one under hidden hand that the accounts look quite clean & straightforward. Senang sedikit cari buyer
4 days ago
The only company successfully turned around by a hidden hand gang, it appears.
0153 OVERSEA OVERSEA ENTERPRISE BERHAD
Quarterly rpt on consolidated results for the financial period ended 31/03/2024
Quarter: 4th Quarter
Financial Year End: 31/03/2024
Report Status: Unaudited
Submitted By:
Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period
31/03/2024 31/03/2023 31/03/2024 31/03/2023
RM '000 RM '000 RM '000 RM '000
1 Revenue 19,376 15,905 70,599 56,191
2 Profit/Loss Before Tax 1,781 -1,472 5,827 -1,502
3 Profit/(loss) attributable to ordinary equity holders of the parent 829 -2,180 4,089 -2,356
4 Net Profit/Loss For The Period 829 -2,180 4,089 -2,356
5 Basic Earnings/Loss Per Shares (sen) 0.04 -0.19 0.22 -0.21
6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00
As At End of Current Quarter As At Preceding Financial Year End
7 Net Assets Per Share (RM) 0.0700 0.0800
Remarks:
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
31/05/2024 07:00 AM
4 days ago
Oversea remains the only Chinese restaurant with a factory listed on Bursa. Its mooncakes have a halal certification; big global potentials
4 days ago
😉When a prominent individual like Eddie Chai, especially if he was a major shareholder or figurehead in a company like Oversea Enterprise Berhad (OEB), passes away, several factors could come into play regarding the future of the company and the decision to sell it. Here are some possible reasons why a beneficiary or family member of Eddie Chai might choose to sell their stake or the entire company after his death:
1. Succession and Inheritance Planning
The passing of a key figure like Eddie Chai would likely trigger a succession plan or inheritance process for his assets, including his shares in Oversea Enterprise Berhad. The beneficiary, which could be a family member or a trusted individual named in Eddie Chai’s will, may choose to sell the company or their stake for various reasons:
Lack of interest or expertise in running the business.
Disagreements within the family or with other stakeholders about the direction of the company.
To liquidate assets as part of settling Eddie Chai's estate.
2. Financial Strategy or Liquidation
The beneficiary might decide to sell Oversea Enterprise Berhad if they need to liquidate the estate or generate cash to settle debts or distribute inheritance. If the company was a significant portion of Eddie Chai’s wealth, selling it might be a way to convert it into more easily managed assets or investments. This could also be part of broader wealth management strategies, especially if the beneficiary isn’t interested in continuing the business.
3. Family Disputes or Lack of Consensus
If Eddie Chai had family members or partners involved in the business, there might be disputes after his death over how to run the company or what direction to take. In some cases, selling the company or divesting shares is a way to resolve these disagreements. If there’s no clear agreement on who should take over leadership or on the future of the company, selling may be the simplest way to divide the assets fairly.
4. Exit Strategy for the Family
After Eddie Chai’s death, the beneficiaries or family members might decide that it’s time to exit the business altogether. This could be due to personal reasons, a desire to move on to new ventures, or simply the belief that the company has reached its peak and no longer offers substantial growth opportunities. In some cases, selling the business to a larger company or a foreign investor might provide a lucrative exit.
5. Economic or Market Conditions
The passing of a major shareholder could coincide with unfavorable market conditions or economic shifts that make selling more attractive. For example, if Oversea Enterprise Berhad was facing increasing competition, financial difficulties, or changes in industry regulations, the family may feel that it’s better to sell the company while it still has value rather than holding onto it through a challenging period.
6. Professionalization of the Business
Sometimes after the death of a founding figure, a business might go through a transition phase in which the family or original stakeholders decide to sell the company to professionalize its management. If Eddie Chai was the driving force behind the company, the family or heirs might feel that a new ownership structure, possibly involving foreign investors or a larger corporation, could provide more professional leadership and resources to move the company forward.
7. Tax Considerations
There could also be tax implications related to Eddie Chai’s death, particularly regarding inheritance and estate taxes. In some jurisdictions, heirs may choose to sell a company to cover these costs, particularly if the estate is large and selling the business helps to generate the necessary liquidity to pay taxes or meet legal obligations.
8. External Offers or Acquisitions
If Oversea Enterprise Berhad was seen as an attractive acquisition target, the family or beneficiaries might have received an offer from an external party. This could include large corporations or foreign investors looking to take over the company. If the offer is significant enough, selling may become an attractive option. Acquisitions often come with premiums that could result in a high return for the beneficiaries.
9. Desire for a Fresh Start
If Eddie Chai had been heavily involved in the business, his death might mark the end of an era for Oversea Enterprise Berhad. The family members or beneficiaries may decide they want to move in a different direction and seek new opportunities, rather than continuing to run or manage a company tied to the legacy of the deceased.
In situations like this, the decision to sell a company can be very complex and driven by a mix of emotional, financial, and strategic factors. If you’re looking for specific details about Eddie Chai's passing or the decision to sell Oversea Enterprise Berhad, it would likely be covered in news reports or corporate filings, such as press releases or stock exchange disclosures.
4 days ago
This kind boss/company will buy an existing limited co for expansion etc easier to raise fund, branding, etc. like buying a shelf co. https://www.msn.com/en-my/lifestyle/other/best-boss-ever-malaysian-boss-rewards-cars-worth-rm31-mil-to-hardworking-employees/ar-AA1tZTys
3 days ago
super boom time for restoran biz
A 34-year-old employee said this was the second time he had received a BMW from the company; he first received a car seven years ago. He travelled from Kuala Lumpur to Johor Bahru to participate in the car presenting ceremony on 11 November.
He said the car was not only a gift but served as a form of affirmation and encouragement from the company and its founder.
Currently, there are eight Warakuya Japanese Restaurant and Superstar Family KTV outlets in Klang Valley and six outlets in Johor.
3 days ago
these few days super aktif... ada udang disebalik batu... wait n see sudden action hehe
3 days ago
wait n see
History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
31/01/2024 00:00:00 0.0600 - 6.999m 6.999m 419,910 419,910 0.0600 0.3070 -
28/07/2023 00:00:00 0.0650 -0.0100 103,800 103,800 6,747 6,747 0.0650 0.0045 -
24/07/2023 00:00:00 0.1000 0.0050 9.040m 9.040m 903,980 903,980 0.1000 0.7884 -
29/12/2022 00:00:00 0.0050 -0.0900 4.000m 4.000m 20,000 20,000 0.0050 0.3488 -
28/12/2022 00:00:00 0.0050 -0.0900 2.100m 2.100m 10,500 10,500 0.0050 0.1831 -
09/11/2021 00:00:00 0.2000 0.1050 1.200m 1.200m 240,000 240,000 0.2000 0.1356 -
08/11/2021 00:00:00 0.2100 0.1150 1.557m 1.557m 326,886 326,886 0.2100 0.1759 -
29/09/2021 00:00:00 0.2000 0.1050 1.500m 1.500m 300,000 300,000 0.2000 0.1695 -
08/09/2021 00:00:00 0.2000 0.1000 2.600m 2.600m 520,000 520,000 0.2000 0.2939 -
19/05/2021 00:00:00 0.1300 - 100,000 100,000 13,000 13,000 0.1300 0.0113 -
07/08/2020 00:00:00 0.3000 -0.0150 600,033 151.259m 180,010 45.378m 0.3000 0.2435 -
07/08/2020 00:00:00 0.3000 -0.0150 2.756m 151.259m 826,901 45.378m 0.3000 1.1186 -
07/08/2020 00:00:00 0.3000 -0.0150 20.461m 151.259m 6.138m 45.378m 0.3000 8.3033 -
07/08/2020 00:00:00 0.3000 -0.0150 73.044m 151.259m 21.913m 45.378m 0.3000 29.6425 -
07/08/2020 00:00:00 0.3000 -0.0150 50.898m 151.259m 15.270m 45.378m 0.3000 20.6555 -
07/08/2020 00:00:00 0.3000 -0.0150 3.500m 151.259m 1.050m 45.378m 0.3000 1.4204 -
01/03/2019 00:00:00 0.1200 -0.0100 165,300 165,300 19,836 19,836 0.1200 0.0671 -
19/04/2017 00:00:00 0.2300 0.0050 95,000 95,000 21,850 21,850 0.2300 0.0386 -
13/04/2017 00:00:00 0.2650 0.0300 100,000 100,000 26,500 26,500 0.2650 0.0406 -
25/02/2016 00:00:00 0.1500 -0.0150 600,033 600,033 90,005 90,005 0.1500 0.2449 -
01/08/2014 00:00:00 0.2500 0.0100 500,000 500,000 125,000 125,000 0.2500 0.2041 -
25/06/2014 00:00:00 0.2950 0.0200 850,000 850,000 250,750 250,750 0.2950 0.3469 -
28/02/2013 00:00:00 0.1300 0.0100 300,000 300,000 39,000 39,000 0.1300 0.1224 Cross Trade
30/03/2012 00:00:00 0.2250 0.0700 30,000 30,000 6,750 6,750 0.2250 0.0122 Cross Trade
08/06/2011 15:05:03 0.1600 0.0200 700,000 700,000 112,000 112,000 0.1600 0.2857 -
01/04/2010 17:05:08 0.2350 0.0050 500,000 500,000 117,500 117,500 0.2350 0.2040 -
Summary from 01/04/2010 to 31/01/2024
Highest Price 0.3000 First Occurred on 07/08/2020
3 days ago
sama ada naik gila atau turun gila.. wait for results to be announced if u want to play safe ya
3 days ago
Berwaspada.
facing impairment loss macam DRB, investment in this hongkong company, going concern issue as reported discovered.
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS OVERSEA ENTERPRISE BERHAD (OEB OR THE COMPANY) - SUBSCRIPTION OF NEW SHARES IN LUK HING ENTERTAINMENT GROUP HOLDINGS LIMITED
OVERSEA ENTERPRISE BERHAD
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
OVERSEA ENTERPRISE BERHAD (OEB OR THE COMPANY) - SUBSCRIPTION OF NEW SHARES IN LUK HING ENTERTAINMENT GROUP HOLDINGS LIMITED
Reference is made to the Company’s announcements dated 30 August 2023 and 4 September 2023 (which reply to the queries from Bursa Malaysia Securities Berhad dated 1 September 2023) pertaining to the Proposed Placement.
The Board wishes to announce the following additional information:
1. The Proposed Placement was completed on 30 August 2023.
2. There are no liabilities, including contingent liabilities and guarantees to be assumed by ROCST from the Proposed Placement.
This announcement is dated 6 September 2023.
2 days ago
dIRECTORS must explain TO SHAREHOLDERS WHY THEY INVESTED IN SUCH COMPANY IN hONGKONG
Luk Hing Entertainment Group Holdings Limited faces significant going concern issues due to multiple financial and operational challenges. Here are the key reasons:
Financial Losses: The company has incurred ongoing losses, including a net loss of HKD 16.9 million for the first half of 2024. This is part of a trend of substantial deficits over recent years, reflecting weak financial performance
MARKETSCREENER
FT MARKETS
.
Liquidity Issues: The group struggles with liquidity, showing a net liability position and difficulty meeting financial obligations. Its liabilities exceed its assets, creating doubts about the sustainability of operations
HKEX NEWS
.
Dependence on External Funding: To address its cash flow challenges, Luk Hing has resorted to frequent fund-raising efforts, such as issuing new shares and a rights issue. However, these have only temporarily alleviated financial pressures
HKEX NEWS
.
Operational Pressures: The company, which operates restaurants and entertainment venues, has faced significant impacts from COVID-19 and changing consumer behaviors. Recovery in revenue post-pandemic has been slow and insufficient to offset expenses
HKEX NEWS
.
Auditor’s Concern: The auditor expressed material uncertainties regarding the company's ability to continue as a going concern. Without sufficient liquidity improvements or operational profitability, this poses a significant risk
MARKETSCREENER
.
While the management has outlined plans, including negotiating for banking facilities, cost controls, and seeking additional financing, their success remains uncertain. If these efforts fail, the company might have to reclassify assets and liabilities and make substantial adjustments to its financial statements
2 days ago
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Good123
ada sesiapa mau cuba? hehe
https://oversea.com.my/wp-content/uploads/2023/06/Group-Ala-Carte-Menu_Confirmed_compressed.pdf
2024-05-24 15:31