TheContrarian 8567 posts | Posted by TheContrarian > Jan 28, 2024 9:34 PM | Report Abuse @speakup, yes, proposals can be revised. That would definitely be better for Kuchai minorities. |
speakup 25007 posts | Posted by speakup > Jan 29, 2024 12:55 PM | Report Abuse In business you don't always place your Best Offer first! |
TheContrarian 8567 posts | Posted by TheContrarian > Mar 6, 2024 7:08 PM | Report Abuse The forum here gone dead for over a month? |
TheContrarian 8567 posts | Posted by TheContrarian > Mar 7, 2024 5:48 PM | Report Abuse On the first trading day of this year I completely exited from Kuchai at 1.62, now Kuchai is at 1.60. |
dompeilee 11888 posts | Posted by dompeilee > Mar 13, 2024 2:25 PM | Report Abuse TheContrarian On the first trading day of this year I completely exited from Kuchai at 1.62, now Kuchai is at 1.60. 5 days ago IRONIC how less than a week after your boast, Kuchai rises smartly to exceed your EXIT by 7c per share! |
speakup 25007 posts | Posted by speakup > Mar 13, 2024 2:51 PM | Report Abuse He issued Buy Call |
dompeilee 11888 posts | Posted by dompeilee > Mar 13, 2024 4:56 PM | Report Abuse Now 1.71, UP TEN ticks!!! 🙆🍻📈 |
Diamond7 2193 posts | Posted by Diamond7 > Mar 30, 2024 5:31 PM | Report Abuse This article first appeared in The Edge Malaysia Weekly on January 8, 2024 - January 14, 2024 ROUGHLY 15 months after Kuchai Development Bhd (KDB) completed distributing its 26.51% stake in Sungei Bagan Rubber Company (M) Bhd (Sg Bagan) to shareholders, the company ended the year with an announcement of a bigger deal. This time around, KDB is selling its assets and liabilities valued at RM275.47 million to its sister company Sg Bagan in return for shares. Again, KDB will distribute Sg Bagan shares to its shareholders. For every 1,000 KDB shares, shareholders will be entitled to 222 Sg Bagan shares under the proposal. The controlling shareholder Kluang Rubber Company (M) Bhd will get the lion’s share of the block of Sg Bagan shares being distributed. Kluang Rubber holds a 42.21% stake in KDB and a 43.5% stake in Sg Bagan. It is, in turn, controlled by low-profile Singaporean businessman Lee Thor Seng and his sons — Justin Lee Chung-Shih and Colin Lee Yung-Shih — via their family vehicle The Nyalas Rubber Estates Ltd. Justin is the executive deputy chairman of KDB and Sg Bagan. It is worth noting that the divestment consideration of RM275.47 million was RM120 million more than its market cap of RM154.68 million prior to the announcement. The divestment, which unlocks the asset value of KDB, gave a strong boost to the share prices of the three companies, lifiting them to all-time peaks on the first trading day of 2024. The move is seen by market observers as the nonagenarian Thor Seng’s attempts to further streamline his interest in the Bursa Malaysia-listed companies, apart from unlocking asset values. This has left many wondering about his next move with KDB, which will soon be a cash-rich listed shell company. “Would he privatise Sg Bagan since most of the assets will be parked there?” muses a market observer. |
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Diamond7 2193 posts | Posted by Diamond7 > Apr 15, 2024 3:10 PM | Report Abuse CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED ACQUISITION OF SUBSTANTIALLY ALL OF THE ASSETS AND LIABILITIES OF KUCHAI DEVELOPMENT BERHAD ("KDB") FOR A TOTAL CONSIDERATION OF UP TO RM275.47 MILLION, WHICH WILL BE SATISFIED THROUGH THE ALLOTMENT AND ISSUANCE OF UP TO 27,519,500 NEW ORDINARY SHARES IN SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN") ("SHARES") ("CONSIDERATION SHARES") AT AN ISSUE PRICE OF RM10.01 PER CONSIDERATION SHARE ("PROPOSED ACQUISITION"); (II) PROPOSED EXEMPTION UNDER SUBPARAGRAPH 4.08(1)(A) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS ("RULES") TO KDB AND PERSONS ACTING IN CONCERT ("PACs") WITH IT FROM THE OBLIGATION TO UNDERTAKE A MANDATORY OFFER ("MO") FOR ALL THE REMAINING SHARES NOT ALREADY HELD BY THEM UPON COMPLETION OF THE PROPOSED ACQUISITION ("PROPOSED KDB EXEMPTION"); AND (III) PROPOSED EXEMPTION UNDER SUBPARAGRAPH 4.08(1)(A) OF THE RULES TO KLUANG RUBBER COMPANY (MALAYA) BERHAD ("KRCB") AND PACs WITH IT FROM THE OBLIGATION TO UNDERTAKE A MO FOR ALL THE REMAINING SHARES NOT ALREADY HELD BY THEM UPON COMPLETION OF THE PROPOSED DISTRIBUTION BY KDB OF ALL OF THE CONSIDERATION SHARES TO THE ENTITLED SHAREHOLDERS OF KDB WHOSE NAMES APPEAR IN THE RECORD OF DEPOSITORS OF KDB ON A DATE TO BE DETERMINED LATER BY WAY OF DIVIDEND-IN-SPECIE AND CAPITAL REDUCTION AND REPAYMENT ("PROPOSED KRCB EXEMPTION") |
Diamond7 2193 posts | Posted by Diamond7 > Apr 15, 2024 5:31 PM | Report Abuse CIRCULAR TO SHAREHOLDERS IN RELATION TO THE FOLLOWING: (I) PROPOSED DISPOSAL OF SUBSTANTIALLY ALL THE ASSETS AND LIABILITIES IN KUCHAI DEVELOPMENT BERHAD ("KDB") TO SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN") TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF NEW ORDINARY SHARES IN SG BAGAN ("SG BAGAN SHARES") ("PROPOSED DISPOSAL"); AND (II) PROPOSED DISTRIBUTION OF SG BAGAN SHARES HELD BY KDB ARISING FROM THE PROPOSED DISPOSAL TO ITS ENTITLED SHAREHOLDERS BY WAY OF A PROPOSED CAPITAL REDUCTION AND REPAYMENT AND PROPOSED DIVIDEND-IN-SPECIE |
AhPek 115 posts | Posted by AhPek > Apr 18, 2024 5:15 PM | Report Abuse Is this a good deal for KDB's shareholders? |