Bursa Alert
Global Market
NewsHot Stock Goldis jumps 13% on capital distribution
Page 1 of 1
Hot Stock Goldis jumps 13% on capital distribution
by hlk Thu 09 May 2013, 14:02
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Thursday, 09 May 2013 10:56
A + / A - / Reset
KUALA LUMPUR (May 9): GOLDIS BHD [] jumped as much as 13%
after the private equity investor said it plans to distribute to its
shareholder's the firm's 30.59% stake in property developer IGB Corp
Bhd.
At 10.48am, Goldis changed hands at RM2.18 with some 1.1 million
shares done after jumping 25 sen to RM2.24 earlier. The stock was the
fifth-largest gainer across the bourse.
Goldis’ stake in IGB is held via Goldis' wholly-owned subsidiary Steady
Paramount Sdn Bhd (SP).
Under the capital distribution, Goldis shareholders may choose to
receive unlisted shares in SP on the basis of one SP unit for every 10
Goldis shares held or receive cash of RM1.72 for each Goldis share owned.
The RM1.72 cash distribution is a 30% discount to IGB's latest closing price of RM2.46.
Written by Chong Jin Hun of theedgemalaysia.com
Thursday, 09 May 2013 10:56
A + / A - / Reset
KUALA LUMPUR (May 9): GOLDIS BHD [] jumped as much as 13%
after the private equity investor said it plans to distribute to its
shareholder's the firm's 30.59% stake in property developer IGB Corp
Bhd.
At 10.48am, Goldis changed hands at RM2.18 with some 1.1 million
shares done after jumping 25 sen to RM2.24 earlier. The stock was the
fifth-largest gainer across the bourse.
Goldis’ stake in IGB is held via Goldis' wholly-owned subsidiary Steady
Paramount Sdn Bhd (SP).
Under the capital distribution, Goldis shareholders may choose to
receive unlisted shares in SP on the basis of one SP unit for every 10
Goldis shares held or receive cash of RM1.72 for each Goldis share owned.
The RM1.72 cash distribution is a 30% discount to IGB's latest closing price of RM2.46.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Goldis plans capital distribution
» Hot Stock RCE Capital jumps 9.8% on solid 3Q earnings
» Hot Stock Hwang Capital jumps 17.19% on takeover offer
» Hot Stock TSR Capital jumps 4% on securing RM240m condominium project
» DiGi announces share split and capital distribution
» Hot Stock RCE Capital jumps 9.8% on solid 3Q earnings
» Hot Stock Hwang Capital jumps 17.19% on takeover offer
» Hot Stock TSR Capital jumps 4% on securing RM240m condominium project
» DiGi announces share split and capital distribution
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum