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 IPO: Ranhill Power & Ranhill Utilities, Maybe both under single IPO, maybe split

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kb2005
post Jul 26 2013, 08:22 PM

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IPO cancellaion is the best option for Ranhill as the damage done is beyond repair. Good news for investors but for Ranhill, it will take years to make a comeback.
nasT
post Jul 26 2013, 08:35 PM

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Blessing in disguise. But my personal anguish to the management of ranhill. Thank you for putting away integrity and conduct far away from professionalism.

I had to forgo earning dividend at least RM 2600 since the last 2 months for this shit. Blardy ranhill BOD.

Thank you.
kb2005
post Jul 26 2013, 09:00 PM

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QUOTE(nasT @ Jul 26 2013, 08:35 PM)
Blessing in disguise. But my personal anguish to the management of ranhill. Thank you for putting away integrity and conduct far away from professionalism.

I had to forgo earning dividend at least RM 2600 since the last 2 months for this shit. Blardy ranhill BOD.

Thank you.
*
Can take back the money through refund consider lucky already. Just imagine if Ranhill proceed with the IPO and what will happen on listing day ? You will see selling pressure which will push the share lower and lower. By that time, your loss should be more than 2.6k!
fiqir
post Jul 26 2013, 09:27 PM

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SC do the right thing by withdrawn the listing. i guess its fair for all investor..
kb2005
post Jul 26 2013, 09:28 PM

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QUOTE(fiqir @ Jul 26 2013, 09:27 PM)
SC do the right thing by withdrawn the listing. i guess its fair for all investor..
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You're right. It is fair.
nasT
post Jul 26 2013, 10:06 PM

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QUOTE(kb2005 @ Jul 26 2013, 09:00 PM)
Can take back the money through refund consider lucky already. Just imagine if Ranhill proceed with the IPO and what will happen on listing day ? You will see selling pressure which will push the share lower and lower. By that time, your loss should be more than 2.6k!
*
Ya.. Kb. It could have been worst. But i have faith in our capital mkt system. What SC has done is commendable.
ronnie
post Jul 26 2013, 10:52 PM

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So if when RANHILL re-list, it will be another process of balloting ?
TSzamans98
post Jul 27 2013, 12:49 AM

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QUOTE(ronnie @ Jul 26 2013, 10:52 PM)
So if when RANHILL re-list, it will be another process of balloting ?
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yes, that's obvious.
zitis
post Jul 27 2013, 06:18 AM

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QUOTE(davinz18 @ Jul 26 2013, 06:56 PM)
The full amount will be refunded to investors not later than 7 August 2013  smile.gif
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Yeaaa... Good to hear that (even though im not in and never interested with it). I cant imagine if they decide to proceed the ipo.. I know there is something wrong with this company from beginning, thats why i keep to stay away and give negative feedback about it.

Hope no one angry with my statement this time.
fiqir
post Jul 27 2013, 06:21 AM

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this company seem got powerful connection based on their portfolio. but the management level not so ok as it should be. smile.gif
hyzam1212
post Jul 27 2013, 09:24 AM

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Malaysia's first

http://www.thestar.com.my/Business/Busines...that-wasnt.aspx
john123x
post Jul 27 2013, 09:28 AM

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http://www.theedgemalaysia.com/index.php?o...47878&Itemid=79

IPO cancelled and money will be refunded
john123x
post Jul 27 2013, 09:30 AM

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heed my words......after few years, they will attempt to relist again......


fiqir
post Jul 27 2013, 09:49 AM

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The Securities Commission, he insists, must give investors in these situations the option of getting their money back. “Their job is to protect us, the shareholders,” the minority investor says.

Market observers also wonder how PRW got its licence restored in the span of a week, noting that the initial suspension by Petronas must have been for good reasons.

The cancellation of this IPO, the first in recent memory, will be conversation fodder for some time to come.
nasT
post Jul 27 2013, 10:02 AM

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Oh My Petronas....

where's my million.
zitis
post Jul 27 2013, 11:17 AM

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Just forget about this one and focus to SONA.
maxomeara
post Jul 27 2013, 11:23 AM

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As an employee of one of RERB's subsidiary, I'm deeply upset by the conduct of the BOD & upper management of RERB. Even our COO was not informed and learnt the news from Star Biz.
john123x
post Jul 27 2013, 01:18 PM

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QUOTE(maxomeara @ Jul 27 2013, 11:23 AM)
As an employee of one of RERB's subsidiary, I'm deeply upset by the conduct of the BOD & upper management of RERB. Even our COO was not informed and learnt the news from Star Biz.
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really? ow, thats shocking
SKY 1809
post Jul 27 2013, 02:21 PM

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QUOTE(fiqir @ Jul 27 2013, 09:49 AM)
The Securities Commission, he insists, must give investors in these situations the option of getting their money back. “Their job is to protect us, the shareholders,” the minority investor says.

Market observers also wonder how PRW got its licence restored in the span of a week, noting that the initial suspension by Petronas must have been for good reasons.

The cancellation of this IPO, the first in recent memory, will be conversation fodder for some time to come.
*
IF money is not returned 100% , how many dare to apply for new IPOs again hmm.gif
davinz18
post Jul 27 2013, 02:46 PM

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QUOTE(zitis @ Jul 27 2013, 06:18 AM)
Yeaaa... Good to hear that (even though im not in and never interested with it). I cant imagine if they decide to proceed the ipo.. I know there is something wrong with this company from beginning, thats why i keep to stay away and give negative feedback about it.

Hope no one angry with my statement this time.
*
Good2, you made the right decision.

Maybe next time I follow you biggrin.gif

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