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What will the share price direction before the deal?
Tea444u, I think you smell something before us. Wine business? And Asahi proposed to acquire. My guess was F& N or Nestle but you are closer
darkcolony ( Date: 09-Apr-2014 00:10) Posted:
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Source: http://www.etika-intl.com/pdf/announcement/20140410%20EIH-Proposed%20Disposal.pdf
Before the Proposed Disposal
NTA per share (RM sen) 26.10
EPS per share (RM sen) 1.26
After the Proposed Disposal
NTA per share (RM sen) 115.62 (up 343%)
EPS per share (RM sen) 104.15 (up 8165%)
The number speaks for itself. Hope the deal gets approved.
property is not the sector to be in for 2014-2015
Siwomp ( Date: 10-Apr-2014 10:39) Posted:
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Maybe they will accquire new biz...... maybe become property developer?.....
No more biz...delisting?
What do u think ?
he sale price represents a premium of RM625.95 million over the adjusted net asset value (NAV) of the sale shares and the relevant intellectual property, after taking into account estimated incidental costsWill it rise??
Published April 10, 2014
Etika to sell dairies and packaging business to Asahi Group
By vivien shiao
ETIKA International Holdings announced on Thursday that it plans to sell its dairies and packaging business and the relevant intellectual properties to Asahi Group Holdings Southeast Asia for US$328.79 million - PHOTO: BLOOMBERG
ETIKA International Holdings announced on Thursday that it plans to sell its dairies and packaging business and the relevant intellectual properties to Asahi Group Holdings Southeast Asia for US$328.79 million.
Based on its results for the first quarter ended December 31, 2013, the book value and net asset value of the sale shares and the relevant intellectual property was RM386.63 million and RM40.04 million respectively.
" The proposed disposal provides a good opportunity for the group to unlock value in the business and consequently maximize returns to its shareholders,' ' Etika said.
The sale price represents a premium of RM625.95 million over the adjusted net asset value (NAV) of the sale shares and the relevant intellectual property, after taking into account estimated incidental costs.
No wine buddy, so can' t be ThaiBev. Perhaps F& N acquiring the milk or carbonated drink?
The Group has its origins as a manufacturer and distributor of sweetened condensed milk and evaporated milk under the &ldquo Dairy Champ&rdquo trademark. Today, the Group has since evolved into a F& B player with business interests in dairies, frozen food, packaging, nutrition and beverage. Apart from organic growth, we have undertaken strategies to diversify our product range, increase the spectrum of our customer base and extend our global reach. Operating from facilities located in Malaysia, New Zealand, Indonesia and Vietnam, our products are distributed to over 70 countries globally.
We have wide diversity of F& B products within the Group over 1,200 SKUs ranging from frozen food stuff to dry shelf stable. Our main products are branded under Dairy Champ, Vixumilk, Goodday, Mr. Farmer, Sky Fresh, Gourmessa, Horleys, Mack, Polygold, Daily Fresh, Family and Salam mie. Apart from our own brands, we also OEM for third parties&rsquo brand and distribute agency brands.
tea444u ( Date: 08-Apr-2014 22:35) Posted:
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this one got wine business also....tio boh?
" The Company has received a non-binding proposal from a third party who had
expressed interest to purchase certain businesses of the Group and is currently in discussions with the
third party"
Deal or no deal? Price up again to test highest price on $0.54
Forest ( Date: 29-Mar-2014 15:59) Posted:
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Question 1
Are you (the issuer) aware of any information not previously announced concerning you, your
subsidiaries or associated companies which, if known, might explain the trading?
Response
From time to time, the Company and its subsidiaries (the &ldquo Group&rdquo ) receive proposals for potential
mergers and acquisitions, joint ventures or strategic alliance opportunities. The Company reviews and
evaluates such proposals in line with its business strategies and objectives, with a view of unlocking
shareholder value. The Company has received a non-binding proposal from a third party who had
expressed interest to purchase certain businesses of the Group and is currently in discussions with the
third party. The Board wishes to clarify that as at the date of this announcement, no binding offer has
been made and no definitive agreements have been entered into in relation to any merger and
acquisition, joint venture or strategic alliance opportunity.
The Company will keep the shareholders informed if there is any material development in this regard by
making the appropriate announcement in compliance with the SGX-ST listing rules.
Shareholders and potential investors of the Company are advised to refrain from taking any action in
respect of their shares in the Company which may be prejudicial to their interests and to exercise
caution when dealing in the shares of the Company.
http://infopub.sgx.com/FileOpen/EIL-Response_to_SGXQuery.ashx?App=Announcement& FileID=288914
Can be VERY bad,
Can be VERY good also.
Forest ( Date: 28-Mar-2014 17:37) Posted:
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Halt..... pending announcement. .. good or bad?
Bro..the ESOS priced at 16.4cts...did you notice?
Director Khor Sin Kok excercised Employee Shares Option of 900,000.
Sudden surge of high volume with up $0.05 yesterday. Something is brewing.
Etika is moving up fast for the past 2 days.... Who is brewing? Will we see $0.535 again soon?
biz in down trend.. dairies export dropped RM45m.. inventories written off @ RM4m.. further dampened by their new division.. wondering sam goi's tot...
Etika FY13 net profit plunged 66.2% to RM7.4m on flat revenue of RM981.8m as bottomline was impacted by intensive competition, aggressive marketing effort to promote sales, FX loss of RM6.5m due to weakening of rupiah and higher tax charge.