POS: Khazanah has entered into the second stage of the divestment process of its 32.21% stake in POS, starting with the restricted tender process for bidders.
DRB-Hicom,SapCrest,Ekuinas,Scomi Group,Konsortium …
Ramunia is in talks with Coral Allinace Sdn Bhd (Linked to BLD) – believed to be linked to Tengku Ibrahim Petra and Robert Lee, former director of Petra Energy Bhd – for a possible synergistic tie up or even an acquisition of the latter … through the issuance of shares. A JV or an acquisition of Coral Alliance by Ramunia will benefit the latter as Coral Alliance is said to be the fronrunner for a hook up and topside maintenance contract from Petronas.
MEGB: Masterskill Education Group Bhd group chief executive officer Datuk Seri Edmund Santhara is considering to up his stake in the group. Anything below RM2 doesn't justify keeping the company listed.
AHB: Speculation that AHB is bringing in a financially strong white knight to implement the compensation scheme the next course of action that the minorities shareholders have in mind.
Star: Star Publications’ cash pile will shrink substantially after paying the hefty special dividend that it declared in Oct 2010. There has been market talk Star is likely to raise rm600 million to rm700 million.
MBSB: The rights issue proposed by MBSB means its major shareholders, the EPF is prepared to pump in more money into MBSB. That being the case, it would to a large extent halt speculation that the EPF is divesting its stake in MBSB. Such speculation should not come as a surprise as the EPF controlled MBSB has improve its performance in recent years. But with further upside anticipated, why would the EPF want to sell a stake in MBSB at this juncture?
IGB/KrisAssets: IGB is a big winner in this deal than its 2 75% owned subsidiary KrisAssets. The reasoning is that IGB is unlocking the value of its asset and will be cash rich with the proposed sale. Essentially, IGB is transferring the weight of the Gardens Mall off its balance sheet to KrisAssets. The proceeds would also come in handy to speed up the group’s asset acquisition or expansion plan – where it has been fairly quiet over the past few years – apart from fuelling investor expectations of a bumper dividend. IGB will still have exposure to the steadily growing cash flow of Gardens Mall via its 75% stake in KrisAssets.
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