Mintye Berhad

MINTYE BERHAD ("MINTYE" OR "COMPANY")

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF MINTYE PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("PROPOSED SCR")

MINTYE BERHAD ("MINTYE" OR "COMPANY")

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF MINTYE PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("PROPOSED SCR")

KUALA LUMPUR (Sept 26): http://bit.ly/2DU0Ifc highlighted six stocks with momentum at Bursa Malaysia's afternoon close today. Three stocks had positive momentum while three showed negative momentum.
Stocks with positive momentum were:
Widad Group Bhd - unchanged at 27.5 sen
 
OCK Group Bhd - unchanged at 62 sen
Globetronics Technology Bhd - up eight sen at RM2
Stocks with negative momentum were:
MMAG Holdings Bhd - up 2.5 sen at 34 sen
Mintye Bhd - up one sen at RM1.31
Pansar Bhd - down 0.5 sen at 58.5 sen

MINTYE BERHAD ("MINTYE" OR "COMPANY")

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF MINTYE PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("PROPOSED SCR")

MINTYE BERHAD ("MINTYE" OR "COMPANY")

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF MINTYE PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("PROPOSED SCR")

Mintye Bhd (-ve)
TRADING of shares in Mintye Bhd (fundamental: 1.3/3, valuation: 1.2/3) triggered our momentum algorithm yesterday for the third time since July 25.
The stock finished unchanged at RM1.25 after 161,600 shares crossed, sharply higher compared with its 200-day average trading volume of 4,294 shares.

$JAKS / 4723 (JAKS RESOURCES BERHAD) $MBG / 5886 (MINTYE BERHAD)

KUALA LUMPUR (Aug 22): http://bit.ly/2DU0Ifc highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. All stocks showed negative momentum.
The stocks with negative momentum were:
Jaks Resources Bhd – up 2.5 sen at 84.5 sen
K-Star Sports Ltd – up 1.5 sen at 11.5 sen
Mintye Bhd – unchanged at RM1.25
MMAG Holdings Bhd – up 0.5 sen at 25 sen
Naim Holdings Bhd – up 4 sen at RM1.13
Pecca Group Bhd – up 3 sen at RM1.28
Salutica Bhd – up 3.5 sen at 53.5 sen 

KUALA LUMPUR (Aug 20): http://bit.ly/2DU0Ifc highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock displayed positive momentum while the remaining five stocks showed negative momentum.
Stock with positive momentum was:
K-Star Sports Ltd - up 1 sen or 12.50% at 9 sen
Stocks with negative momentum were:
FoundPac Group Bhd - up 1.5 sen or 4.23% at 37 sen
Kejuruteraan Asastera Bhd - up 0.5 sen or 1.89% at 27 sen
Mintye Bhd - up 25 sen or 25.00%  at RM1.25
MBM Resources Bhd - up 9 sen or 2.67% at RM3.46

KUALA LUMPUR (Aug 20): http://bit.ly/2DU0Ifc highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock displayed positive momentum while the remaining five stocks showed negative momentum.
Stock with positive momentum was:
K-Star Sports Ltd - up 1 sen or 12.50% at 9 sen
Stocks with negative momentum were:
FoundPac Group Bhd - up 1.5 sen or 4.23% at 37 sen
Kejuruteraan Asastera Bhd - up 0.5 sen or 1.89% at 27 sen
Mintye Bhd - up 25 sen or 25.00%  at RM1.25
MBM Resources Bhd - up 9 sen or 2.67% at RM3.46

KUALA LUMPUR: Automotive friction materials maker Mintye Bhd said its controlling shareholder has offered to take the group private.
In a Bursa Malaysia filing yesterday, the group said Yatee & Sons Sdn Bhd had proposed a selective capital reduction (SCR) and a corresponding capital repayment of RM1.30 per Mintye share, which is a 35.42% premium to the closing price of 96 sen last Friday.

KUALA LUMPUR: Utusan Melayu (M) Bhd, Icon Offshore Bhd, Mintye Bhd, Berjaya Sports Toto Bhd (BToto), Guan Chong and Sunway Construction Bhd are among the stocks to watch on Tuesday, according to JF Apex Research.

$MBG / 5886 (MINTYE BERHAD)

Automotive friction materials maker Mintye Bhd said its controlling shareholder has offered to take the group private.
Yatee & Sons Sdn Bhd has proposed a selective capital reduction (SCR) and a corresponding capital repayment of RM1.30 per Mintye share, which is a 35.42% premium to the last closing price of 96 sen last Friday, said Mintye in a bourse filing today.