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  elunmask8 Ya....75% of those present in EGM. As this is not a related party transaction, the major shareholder can vote. 11/05/2022 2:57 PM elunmask8 Honestly not many ikan bilis minority shareholders would turn up and even if they turn up....why would they vote against a good proposal 11/05/2022 3:00 PM wbuffet2 I see value in this proposition....just added more into my portfolio today. Just look at the volume done today...it cannot be wrong! Happy investing! 11/05/2022 4:54 PM terence775 I wrote in depth about the corporate action and what happens next. For those interested, can pm me to read my full sharing. i3 doesn't let me post it here 12/05/2022 11:31 AM stockraider The takeover is base on the price of Rm 2.83 loh! U ask yourself which is better loh ? Litrak v Scgm leh ? 12/05/2022 12:07 PM wbuffet2 There is a difference between selling Scgm @ 2.83 v selling business @ 2.83. I am sure the listing status of Scgm is worth a sizeable amount and this itself is not factored into the cash that Scgm holds post the dividend payment 12/05/2022 1:06 PM wbuffet2 metroview....u sell to me loh at 2.00.....hahaha. I collect 2.21 within 9 months and still keep my shares for another wave after the dividend payout 13/05/2022 3:50 PM Just88 Proposed Special Dividend The Board proposes to declare and pay part of the Disposal Consideration as a special cash dividend to shareholders whose names appear in the Company’s Record of Depositors on an entitlement date to be determined by the Board later (“Proposed Special Dividend”). The Proposed Special Dividend will be implemented upon the approvals as set out in Section 10.2 below is obtained. As at the LPD, the tentative amount proposed to be distributed as special cash dividend to the entitled shareholders will be approximately RM1.85 per SCGM Share which amount to approximately RM356.24 million. The actual amount to be distributed will be determined and announced at a later stage. SCGM’s shareholders should note that the amount of distribution mentioned is a preliminary estimate and should not be deemed as the final distributable amount. The quantum of special cash dividend to be declared is dependent on the availability of sufficient distributable profits and the Company being in a position to comply with the provisions of Section 131 of the Act as at the date of declaration of the proposed dividend. 22/05/2022 9:25 PM Just88 "the amount of distribution mentioned is a preliminary estimate and should not be deemed as the final distributable amount." 22/05/2022 9:25 PM TheContrarian I don't have any shares in SCGM, never bought any before but in view of the low market price, I am considering to buy into SCGM. Can anyone give possible reasons why market price fell and remained low after the proposed disposal and generous distribution of disposal proceeds to shareholders? 22/05/2022 10:28 PM TtreeInvestor https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E3%80%90%E7%8B%AC%E5%AE%B6%E3%80%91%E6%88%90%E5%80%92%E7%BD%AE%E6%94%B6%E8%B4%AD%E7%9B%AE%E6%A0%87-scgm%E6%88%96%E8%BD%AC%E6%94%BB%E7%94%B5%E5%8A%A8%E8%BD%A6%E4%B8%9A 23/05/2022 3:18 PM terence775 I wrote in depth about the corporate action and what happens next; I'm following closely the developments for SCGM... For those interested, can pm me to read my full sharing. i3 doesn't let me post it here 23/05/2022 3:20 PM TtreeInvestor @Firehawk, no, today market rumoured SCGM going to enter New Energy Vehicle and got many potential takers approaching for the SCGM vehicle. 23/05/2022 4:18 PM TtreeInvestor Frankly speaking, if the after disposal NTA is 2.80 (net cash). Plus the vehicle price of RM0.10-0.20. Minus 15% discount - then the current fairvalue should be RM2.50+- 25/05/2022 8:46 AM TtreeInvestor to subsequent buyers, 10-15% arbitrage profit (after approved) also consider attractive to them if the trnasaction done within 6-12 months 25/05/2022 8:47 AM terence775 you can just click my name and then click the green chat icon beside it 26/05/2022 12:26 PM AlfI3 @Wee Hong, is it d good timing for substantial S/Hs to take profit & exit at this juncture? 09/06/2022 6:40 AM Wei Hong scgm IPO RM0.78 so he sell now already profit and they want to sell off their main business, in future duno got business or not. maybe for him is the good timing? 09/06/2022 8:06 AM TtreeInvestor Looks like Brothers not in good terms. Otherwise why one of the brother selling the shares while their disposal per share is 2.83? 14/06/2022 11:59 AM Wei Hong now one of the directors also selling better buy other stocks and market is really bad 16/06/2022 9:41 AM Just88 That selling brother is no longer a director. He resigned in Jan due to health issue. 18/06/2022 5:19 PM TtreeInvestor So this brother why not wait until EGM? Just curious the transaction already near to EGM, but the brother selling shares continuously, so have doubt whether he will vote in favour or against? 30/06/2022 5:19 PM Just88 Since he is selling out, it should be in his best interest to see the deal through. 30/06/2022 11:01 PM wbuffet2 Don't worry, I shall fully support the resolution at EGM and see the deal through. As time passes, I am nearer to collecting my fat bonus. 01/07/2022 12:09 PM wbuffet2 Meanwhile, I enjoy the quarterly dividend first. Not many counters in Bursa today, can pay dividends every quarter! Look at SCGM record....28 straight uninterrupted quarters.... paying since 31 July 2015. Many thanks to the Board. 01/07/2022 1:23 PM Just88 It has been more than 2 months already. Why still haven't submit the disposal to bursa ? 14/07/2022 7:20 PM AlfI3 Likely b aborted as mkt condi so weak lately, d Japanese buyer wud hav more alternative options for dier investment opportunity 19/07/2022 7:12 AM terence775 Ignore the noise, read the proposal yourself if you want to trade this. Or you can PM me for my breakdown on the event 19/07/2022 9:27 AM Just88 Only for special dividend of 1.85. Capital repayment of 0.36 will have to wait for 9 months 01/08/2022 9:48 AM  | |
