Choong Kian Wong's comment on MBSB

Choong Kian Wong's comment on MBSB. All Comments

Choong Kian Wong

3 Like · Reply

this merger will be paid by issuance of a lot of new mbsb shares ,good luck guys

1 year · translate ·

King Ianflamming56ou

details pls CKW

Like · 1 year · translate

Choong Kian Wong

most bank mergers paid by new shares, mbsb will announce details later

Like · 1 year · translate

Kee Tzen

Expanded share capital in terms of new issuance is ok, depending on the P/BV of the deal

2 Like · 1 year · translate

yf fou

+1 agree … even as holder must face the fact huge free ticket coming similar wz recent one

Like · 1 year · translate

Orson Chin

Share exchange la… both under epf … maybe will issue new share to midf abit

Like · 1 year · translate

Ivan Lau

Do you guys mean right issue?

Like · 1 year · translate

Kee Tzen

It’s not a rights issue, issuance of new share . It will not create dilution (assuming purchase price is fair), will be injecting MIDF business into MBSB

1 Like · 1 year · translate

Ivan Lau

@kee tzen thx for explanation. But how could new share influence the share price?

1 Like · 1 year · translate

Kee Tzen

Hmm, most likely in my opinion MIDF BOD receive new shares for the sale of MIDF and most probably will not be touching the market. So in terms of share price I would say relatively bullish

4 Like · 1 year · translate

Ivan Lau

Thx for teaching

1 Like · 1 year · translate

Don't forget nta is high so value should be higher to distribute

2 Like · 1 year · translate

It's not private it's gov they willing to pay higher not on market price but fair price

1 Like · 1 year · translate

Orson Chin

if mbsb need huge amount to merge , he won’t give so much dividend to u… that it …

2 Like · 1 year · translate

Auditor Consultant

Orson Chin

sharp point!

1 Like · 1 year · translate

Kee Tzen

Dividend depend on
1) total share in circulation
2) retained earnings
3) profit for Fiscal year 2023

2 Like · 1 year · translate

yf fou

KT. .. total share increase “ it will not create dilution “ ???

1 Like · 1 year · translate

Kee Tzen

Depending if the new business that is injected in which is MIDF is properly valued

1 Like · 1 year · translate

Pradeep Kumar Sanghani

Choong and Kee you are about to hit the bulls eye. The two issue is what is the NTA of MIDF and also of MBSB. The second issue is the shareholders fund in MBSB.. To be very frank my maths is bad.