very greedy, everything wanna "sapu"

My personal opinion oni
Need to wait for official announcement

DRB-HICOM BERHAD (“DRB-HICOM” OR “COMPANY”)

I. PROPOSED ACQUISITION BY KL AIRPORT SERVICES SDN BHD (“KLAS”), EFFECTIVELY A 100%-OWNED SUBSIDIARY OF DRB-HICOM, OF 155,462,322 ORDINARY SHARES OF RM1.00 EACH REPRESENTING APPROXIMATELY 61.61% EQUITY INTEREST IN KONSORTIUM LOGISTIK BERHAD (“KLB”) FOR A CASH CONSIDERATION OF RM240,966,599.10 ON THE BASIS OF RM1.55 PER SHARE (“PROPOSED ACQUISITION”); AND

II. MANDATORY OFFER BY KLAS FOR THE REMAINING SHARES IN KLB NOT ALREADY HELD BY KLAS AT THE OFFER PRICE OF RM1.55 PER SHARE OF RM1.00 EACH IN KLB (“MGO”)

(THE PROPOSED ACQUISITION AND THE MGO ARE COLLECTIVELY REFERRED TO AS THE “EXERCISES”)

http://www.bursamalaysia.com/market/listed...cements/1443861

PROPOSED ACQUISITION OF THE MINISTER OF FINANCE (INCORPORATED) (“MOF”)’S ENTIRE 96.87% EQUITY INTEREST IN COMPOSITES TECHNOLOGY RESEARCH MALAYSIA SDN. BHD. (“CTRM”) BY DRB-HICOM DEFENCE TECHNOLOGIES SDN BHD (“DEFTECH”) (“PROPOSED ACQUISITION”)

http://www.bursamalaysia.com/market/listed...cements/1452241

Long term it's a good news, however for short term this should be seen as a burden to DRB.

KL Airport services bags four new ground handling contracts

KL Airport Services Sdn Bhd (KLAS), a subsidiary of DRB-HICOM Bhd, has bagged four new ground handling services contracts from Hong Kong Express, Xpress Air, Tigerair and Hong Kong Airlines.

Chief Executive Officer Tazhi Borhan said KLAS would ensure smooth ground handling operations for the airlines' customers and passengers' safety.

Hong Kong Express, which flew into Penang for the first time today, has awarded the ground handling services contract including passenger check-in, baggage handling and aircraft handling services at the Penang International Airport in Bayan Lepas.

Tigerair, a leading Singapore-based budget carrier which awarded the contract to KLAS, resumed its flights to Langkawi International Airport on Nov 8, while Xpress Air, which started flying to Kuching from Pontianak on Oct 25, has appointed KLAS as the ground handler.

He said KLAS has also secured a contract from freight carrier, Hong Kong Airlines, whose inaugural flight to Kuala Lumpur International Airport on Nov 10, with a frequency of two flights weekly.

“KLAS’ airline customers are assured of the highest standards of quality and efficiency to be accorded to any foreign airline that chooses to operate in Malaysia,” he added.

Quarterly rpt on consolidated results for the financial period ended 30/9/2013
http://www.bursamalaysia.com/market/listed...cements/1477281

Looks like the market really, really likes these results.

Up 17 cents today

Looks like they;re eliminating contra buyers.

Meanwhile, our subsidiary Bank Muamalat has been performing well with its
revenue increasing from RM893.6 million in FY 2012 to RM999.3 million in
FY 2013, with PBT rising to RM236.0 million in FY 2013 (FY 2012: RM103.0
million). We are expecting further growth through leveraging synergies within
the Group, particularly with Pos Malaysia.
There is a lot of value to be unlocked in the Group’s land bank, which includes
land at Jalan Tun Razak in Kuala Lumpur; Glenmarie Heights in Tebrau, Johor
Bahru; Glenmarie Gardens, Laman Glenmarie and Glenmarie Hills in Shah
Alam; Glenmarie Puchong; Proton City in Tanjung Malim; HICOM Pegoh Park,
Melaka; and on Rebak Island, Kedah. These could bring in about RM11.0
billion worth of gross development value over the next five years. We have
made some property divestments over the financial year under review, one
of which was the disposal of two parcels of freehold land totalling about 9.6
acres in Taman Wahyu, Kuala Lumpur for RM69.9 million. In addition, the sale
of 613.7 acres of freehold land in Iskandar Malaysia is underway, which will
bring in RM534.7 million into our books in the next financial year.
The future prospects of DRB-HICOM are certainly positive. The diversification
in our businesses is our strength and will continue to help us in riding out any
uncertainties in economic conditions. Synergistic relationships between the
numerous companies within the Group are there for us to create and develop,
further increasing the depth and breadth of our products and services.

As for the share holder of kl konsortium do I need to do anything?
I received the letter of notice to dissenting shareholder..

From: Malacca(KgLapan), Selangor(SungaiLong), KL(PuduRaya)

Do U mean your home is Kg 8, Melaka and U take bus daily to Pudu Raya and then take another transport to work in Sg Long ?

lol out of topic totally

Melaka is my home town
am staying in sg long
working in kl

Ah just got the cheque wow

Just touch 2.26 yesterday which is 52 weeks Low
Current price is reasonable considering its historical EPS of 23 cents n NTA of RM3.78

Yup another good counter waiting for privitazation

When will that happen?

Ask Tan Sri SMAB