KOON HOLDINGS

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12 years 3 weeks ago #11364 by Guest
Replied by Guest on topic Re:Re:Re:KOON HOLDINGS
YONGNAM DO WATCH OUT FOR.. yongnamholding.blogspot.sg/

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12 years 3 weeks ago - 12 years 3 weeks ago #11365 by Guest
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repeat post deleted.
Last edit: 12 years 3 weeks ago by niadmin.

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12 years 3 weeks ago #11378 by Kang
Replied by Kang on topic Re:KOON HOLDINGS
Proposed rights issue to raise $ for Koon to acquire 4 property-related companies in Malaysia. It's an IPT involving the Ang family. Ang family will subscribe to their entitlement of rights shares & any excess.

Basically, the Ang family are disposing of the 4 Malaysian companies entirely except for 29% which they will pay for via the rights shares (assumes no excess shares that they can take up).

It is not clear whether the acquisition is going to be profitable for Koon (and its minorities). Anyone can share a view on this?

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  • Koh
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12 years 18 hours ago #11841 by Koh
Replied by Koh on topic Re:KOON HOLDINGS
This is problematic.

Koon stock trading at 19.1 cents.
Koon rights shares have an exercise price of 19 cents.

Like that.... the rights shares will die (ahem! I mean expire worthless).

Which rights owner will want to exercise the rights when he doesnt get any meaningful discount to market price of 19.1 cents?

If you want to sell the rights, you can't really do so -- what's yr asking price? 0.001 cent?
Who cares to buy from you?

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12 years 18 hours ago #11842 by Koh
Replied by Koh on topic Re:KOON HOLDINGS
Apologies, Koon stock trading at 19.5 cents (not 19.1 cents). Rest of my post still holds.... Any contrarian view is welcome~!

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  • Kang
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11 years 11 months ago #11948 by Kang
Replied by Kang on topic Re:KOON HOLDINGS
Koon share price stuck at 19 cents, means shareholders no incentive to exercise the rights since 19 cents is the exercise price. No need to contribute money tothe company! Just let the rights expire. They have no market anyway.

The Ang family is obliged to subscribe for all the excess rights. Good luck to them, they are just paying for their own Malaysian properties.

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