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Company warrants are issued by the company and give the holders the right, but not an obligation, to subscribe for new ordinary shares at a specified price during a specified period of time.

Structured warrants are proprietary instruments issued by a third-party issuer, namely an eligible broker or financial institution that give holders the right, but not the obligation, to buy (call warrants) or sell (put warrant) the underlying instrument in the future for a fixed price.

A call warrant is in-the-money when the exercise price is lower than the price of the underlying share.

A put warrant is in-the-money when the underlying share price is lower than the exercise price.

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In the money

2 people like this. Showing 50 of 4,658 comments


If 70% stakes sell at USD100Mil (RM470Mil) = RM1.13 per share

If 70% stakes sell at USD200Mil (RM940Mil) = RM2.25 per share

It will trigger "General Offer" for the remaining share if Quek selling his 70% stakes.

2023-10-25 22:07


Another big institutional fund will buy I guess 😃

2023-10-26 11:54


Real deal, not fake rumour

2023-10-26 16:47


Tak tau kenapa HLBB mau jual...

2023-10-27 11:39


No idea...Anyway I think demand for steel will rise due to robust construction activities

2023-10-27 11:49


We refer to the query from Bursa Malaysia Securities Berhad (“Bursa Securities”) via its letter dated 26 October 2023 in relation to the Article Entitled: "Tycoon Quek's Hong Leong considering sale of Southern Steel stake, sources say" appearing in The Edge Malaysia dated 25 October 2023.

The Company, having made due inquiry with its Board of Directors, its major shareholder and all such other persons reasonably familiar with the matter, wishes to confirm that as of the date of this announcement, it is not aware of any agreement involving the Company entered into by the major shareholder which requires disclosure pursuant to Main Market Listing Requirements of Bursa Securities (“MMLR”).

The Company will make the necessary announcement to Bursa Securities when it becomes aware of any material development involving the Company, in compliance with its obligations under the MMLR.

Shareholders and investors are advised to exercise caution in trading in the shares of the Company.

2023-10-27 14:14


This type of announcement make us more convince there is something brewing.

2023-10-27 14:21


Last time when The Edge first reported that Boustead have intention to dispose BPLANT, Boustead also announce that it has not aware about any agreement entered by its major shareholder LTAT.

2023-10-27 14:26


Post removed.Why?

2023-10-29 15:52


Mari lagi?

2023-10-30 13:32


SSTEEL deal going to announce soon ?

2023-10-30 14:33


Price up even company denied the news, meaning deal going to announce very soon.

2023-10-30 14:41


As I mentioned earlier, this is real deal.

2023-10-30 14:44


Albukhary, 70% stakes in SSTEEL sell at RM750Mil ?

2023-10-30 14:48


As per my own calculation, RM750mil is the entire company market cap.
RM750mil / 600mil share, approximately RM1.25.

2023-10-30 15:00


This counter is being cornered d, floating share is very minimal.
Once the news is confirmed, then immediately will shoot above RM1.

2023-10-30 15:02


Waooo, RM1.25 per share still got 50% upside from current share price 80sen now.

2023-10-30 15:09


Pray for limit up today 97.5sen.

2023-10-30 15:12


confirmed limit up today

2023-10-30 15:14


then you better take all the seller 😄😄😄

2023-10-30 15:19


SSTEEL deal confirmed...kasih limit up

2023-10-30 15:24


Last min sapu, deal look confirm

2023-10-30 16:41


What deal confirmed? Tomorrow limit up?

2023-10-30 20:45


will suspend anytime soon

2023-10-30 22:43


Tan Sri Quek want to sell at RM2.30 per share.

2023-10-31 08:52


Hong Leong Group looking to sell its 70% stake in steel manufacturer for as much as RM956 million.

PETALING JAYA: Southern Steel Bhd’s shares surged 31.25% or 18 sen on reports that billionaire Quek Leng Chan’s Hong Leong Group is considering selling its stake in the steel products manufacturer for as much as US$200 million (RM956 million).

It hit an intraday high of 74 sen before paring its gains and closing at 73.5 sen with 1.32 million shares traded. People familiar with the matter said the Quek-controlled Hong Leong Group is working with advisers on the planned divestment of its 70% stake, according to a Bloomberg News report.Should the deal go through at the higher range of the valuation, it would be more than double the company’s current market value of RM438.29 million.

Additionally, they said the conglomerate and its advisers have reached out to companies within the industry and financial investors in gauging their interest. Apart from Hong Leong Manufacturing Group Sdn Bhd and Signaland Sdn Bhd, which are members of Hong Leong Group Malaysia, its other shareholders include the founding business families based in Penang, according to its website.

Southern Steel was listed in in 1993 on the Kuala Lumpur Stock Exchange, now known as Bursa Malaysia.

2023-10-31 09:18


who is going to buy at such price?

2023-10-31 09:18


Tan Sri Quek want to sell 70% SSTEEL at RM956Million. This equal to RM2.30 per share. Now share price only 80sen, still got 3x upside.

2023-10-31 09:19


In that case, who wanna buy it if he sell at RM956 m as it's equivalent to RM2.30 per share 😅

2023-10-31 13:21


even though SSteel is not so profitable, but it's able to make more than RM400 mil per quarter

2023-11-01 14:40


waiting for announcement

2023-11-02 18:34


Quek will sell to MPI 😆

2023-11-03 15:38


bottom fishing?

2023-11-09 12:02


Hi big shark, bila nal goreng up lagi

2023-11-09 15:15


Wait for anther announcement from Uncle Quek 😁

2023-11-15 14:21


look hot today....mycron.....steel QR this month

2023-11-15 14:23


time to collect and keep

2023-11-16 16:58


Hong Leong cannot find buyer?

2023-11-28 12:55


I guess so. Still waiting for the latest announcement on that ...

2023-12-04 16:44


Disposal proposal on table again? USD200mil?

2023-12-06 12:02


up you all will say proposal on table down say no deal haha

2023-12-06 12:51


@Cnlim, this is the fun part of being in the stock market.
When topic is hot, we add oil and fire into it, make it more hot.
When topic is cold, we put it into freezer quietly.

2023-12-06 13:30


Can you smell something is brewing?
USD200mil proposal is going to reveal soon...

2023-12-06 16:29


Cold cold winter again

2023-12-08 12:03


@Albukhary. Mind to share the news link?

2023-12-13 13:36


You can google it, first news was from The Edge.

2023-12-13 14:03


Got news on 200?

2023-12-13 14:14


Hong Leong started disposing .. I guess they found a buyer to buy over SSTEEL alrdy

2023-12-21 09:47


But it made us wondering who the buyer was, hehe

2023-12-26 11:34


Steel demand in India rises 11.3%; Icra adjusts FY2025 growth target to 9-10%

Read more at:

1 week ago

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