JIT News - POS,Latexx,AMMB.. 16/2/2011

POS : Sources say the deal would likely be completed before the Invest Malaysia 2011 conference that was scheduled to begin on April 2011 in Kuala Lumpur .

DRB-Hicom,SapRes,Knosortium,Ekuinas, Scomi Marine.


Latexx : LTH has been agressively increasing its stake in Latexx. Since early Feb 2011, LTH has mopped up about 4.62 million shares in Latexx to 7.39%. Its acquisitions from the open market have been between rm2.83 – rm2.90. This meant that LTH is in a position to make arbitrage gains, as there is an offer by Navis and Mettiz Capital to acquire the entire business and undertakings including the entire assets and liabilities of Latexx for rm3.10 a share. This is a bit risky as it is not necessary for the company to pay the shareholders rm3.10 a share.

AMMB : The EPF has been accumulating shares in AMMB likely driven by expectations that it would post strong quarterly financial results. The pension fund owns a 12.93% stake in AMMB. AMMB is likely to announce its numbers within the next few days.






AMMB : 5.78 (OSK), 6.10 (UOB Kay Hian), 7.26 (RHB)