Bursa Alert
Global Market
NewsGW Plastics no longer PN17, to trade as MCT on Monday
Page 1 of 1
GW Plastics no longer PN17, to trade as MCT on Monday
by Cals Sat 04 Apr 2015, 01:43
GW Plastics no longer PN17, to trade as MCT on Monday
By Chester Tay / theedgemarkets.com | April 3, 2015 : 3:08 PM MYT
KUALA LUMPUR (Apr 3): [size=14]GW Plastics Holdings Bhd will be uplifted from being classified as a Practice Note 17 (PN17) company from Monday (April 6), following the completion of its regularisation plan.
Trading of the company's shares will resume on the same day as MCT Bhd.
GW Plastics (fundamental: 1.65; valuation: 0.3) slipped into PN17 status after it sold its core business to Scientex Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) for RM283.2 million in January 2013.
Its regularisation plan included a reverse takeover (RTO) exercise by MCT Consortium Bhd. In line with the plan, GW Plastics has changed its name to MCT, and the shares will be traded and quoted under the "properties" sector come Monday.
The reference price for MCT’s shares are RM1.28 apiece, with an upper and lower limits of 400% and 30% respectively on trading prices on the first day of listing.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score
[/size]
By Chester Tay / theedgemarkets.com | April 3, 2015 : 3:08 PM MYT
KUALA LUMPUR (Apr 3): [size=14]GW Plastics Holdings Bhd will be uplifted from being classified as a Practice Note 17 (PN17) company from Monday (April 6), following the completion of its regularisation plan.
Trading of the company's shares will resume on the same day as MCT Bhd.
GW Plastics (fundamental: 1.65; valuation: 0.3) slipped into PN17 status after it sold its core business to Scientex Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) for RM283.2 million in January 2013.
Its regularisation plan included a reverse takeover (RTO) exercise by MCT Consortium Bhd. In line with the plan, GW Plastics has changed its name to MCT, and the shares will be traded and quoted under the "properties" sector come Monday.
The reference price for MCT’s shares are RM1.28 apiece, with an upper and lower limits of 400% and 30% respectively on trading prices on the first day of listing.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score
[/size]
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Oil above US$85 on Monday in Asia trade
» Notable Trade Lembaga Tabung Haji no longer substantial shareholder in Imaspro
» Notable Trade SmallCap World Fund no longer substantial shareholder of 7-Eleven
» Notable Trade Kombinasi Emas, Sincere Goldyear no longer substantial shareholders in Takaso
» Notable Trade Sabah-based Victoria Capital no longer a substantial shareholder in Borneo Oil
» Notable Trade Lembaga Tabung Haji no longer substantial shareholder in Imaspro
» Notable Trade SmallCap World Fund no longer substantial shareholder of 7-Eleven
» Notable Trade Kombinasi Emas, Sincere Goldyear no longer substantial shareholders in Takaso
» Notable Trade Sabah-based Victoria Capital no longer a substantial shareholder in Borneo Oil
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|