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last day for dnex-wd, next is wait for warrant conversion and some profit taking as they buy now the cost only 0.66 after the conversion .... so they sold it with 0.7 still earn some nasi lemak.. once those short term investor clear out, time for Dnex more up to new high..
1. siterra all go well and Taiwan partner should give some busines
2. 90% ping with high oil price wait for huge profit on next qr
3. NSW and Rfid might impacted due to covid , but outlook still look good.
4. submarine cable project ongoing with partner with Indonesia , believe More project will be announced.
5. last goverment IT project impacted as unstable govement project hard to move, but the maintence work for support MOF should be ongoing...
overall look good Rm1 mid term and long term should be 2 and above depend Silterra and Oil price..
DNEX still need more cash to take over Silterra, I would encourage to convert your warrant ASAP.. Don't waste Yr money purchased them. Also, if not enough cash, DNeX will need to issue more PP... Lol!!
If cash is the concern, I have no worry about Dnex ability to pay for the acquisition as I am very sure the Chinese partner and Foxconn will be more than willing to pour in cash for the acquisition of Silterra.
SINGAPORE — The best time to buy Asia stocks could be now, a JPMorgan strategist said Wednesday.
Mixo Das, Asia equity strategist at the bank, said U.S. markets have been hitting record levels while Europe and Japan are approaching their all-time highs. However, Asian markets have not seen the same trend.
Sandy.. Morning. Pls check the announcement on End Mar 21. Very long pdf report.
I think for financial cut off, most probably only will officially take over from 1st Oct.
sandy, from the announcement, the acquisition is expected to be completed by end of june21. within a week after the egm which is on 23rd June. now we entering 3rd week of July. Maybe the MCO cause the delay
you can refer to announcement on 8 june. Details of the silterra acquisition is all there. Take your time to read all the information. The estimated time for the completion is on page 47 or 48 of part A if i am not mistaken.
Cyberjaya, 23 June 2021 – Dagang NeXchange Berhad (“DNeX”) concluded its Extraordinary General Meeting (“EGM”) today, which saw it receiving shareholders’ approval for the proposed acquisition of 60 per cent equity interest in SilTerra Malaysia Sdn Bhd (“SilTerra”) from Khazanah Nasional Berhad for a purchase consideration of RM163.8 million to be satisfied entirely by cash.
Azlan... Morning. The proposal just approved last month.. It will get some time to issue pp and identity the potential investors for the PP. Also, the take over is a complicated process. Financially also need to have proper cut-off... Etc etc..
Thank you Fadzlie & Steve. This is important info for me. I hope to make the right decision this time. Most of the time decision is correct but only invested small amount.
