I will just leave this here for now
$SMI / 4375 (SOUTH MALAYSIA INDUSTRIES BERHAD) #anotheronebitethedust?
$REVENUE / 0200 (REVENUE GROUP BERHAD) $GPACKET / 0082 (GREEN PACKET BERHAD) $HONGSENG / 0041 (HONG SENG CONSOLIDATED BERHAD) $KLSE-CLASSITA
The Surge of Privatisation
Lately, there has been a resurgence of privatization proposals in the local stock market. Let's delve into three cases and explore the reasons behind this trend in the Malaysian stock market.
📌 $AIRPORT / 5014 (MALAYSIA AIRPORTS HOLDINGS BERHAD) has received a privatization proposal from a consortium led by major shareholder Khazanah Nasional. Despite the offer of RM11 per share, AIRPORT's stock price declined following the announcement due to prior significant gains and concerns about limited upside potential. Criticism towards consortium member GIP, a subsidiary of BlackRock, also raised doubts about the deal. With AIRPORT's stock price currently trading at RM10 and a potential upside of 10%, investors should weigh the risks before considering purchase. In the current bull market, diverse investment opportunities exist beyond those with only a 10% profit potential.
📌 Japanese NTT Data is acquiring $GHLSYS / 0021 (GHL SYSTEMS BERHAD), an electronic payment solutions provider, at RM1.08 per share. GHLSYS' stock price remains steady at RM1.06 to RM1.07 per share, indicating little fluctuation and suggesting the market has high confidence in the success of the privatization. GHLSYS, a promising company once backed by the private equity fund Creador. Once delists, only left $REVENUE / 0200 (REVENUE GROUP BERHAD) and $MPAY / 0156 (MANAGEPAY SYSTEMS BERHAD) remain as its peers in the stock market.
📌 Thai tycoon Tan Sri Surin intends to privatize $MPHBCAP / 5237 (MPHB CAPITAL BERHAD), offering RM1.70 per share to existing shareholders. Given the company's valuable land assets and a net asset value per share of RM2.40, a successful privatization could result in substantial profits for major shareholders.
1/3
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISINGREVENUE GROUP BERHAD ("REVENUE" OR THE "COMPANY")
PRIVATE PLACEMENT
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period
KUALA LUMPUR: Revenue Group Bhd, a payment solutions provider, and NSS IT Solution Sdn Bhd is poised to reinforce the significance of technology-driven partnerships in revolutionising transit payments via Keretapi Tanah Melayu Bhd (KTMB) open payment system.
@portoftheyear
$CFM / 8044 (COMPUTER FORMS (MALAYSIA) BERHAD) / 8044 (COMPUTER FORMS MALAYSIA BERHAD) 20%
$KLSE-CLASSITA / 7154 (CLASSITA HOLDINGS BERHAD) 20%
$JAKS / 4723 (JAKS RESOURCES BERHAD) / 4723 (JAKS RESOURCES BERHAD) 20%
$PRLEXUS / 8966 (PROLEXUS BERHAD) / 8966 (PROLEXUS BERHAD) 20%
$REVENUE / 0200 (REVENUE GROUP BERHAD) / 0200 (REVENUE GROUP BERHAD) 20%
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISINGREVENUE GROUP BERHAD ("REVENUE" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT