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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » No Right Issue for MTD Walkers (KAPI)

No Right Issue for MTD Walkers (KAPI)

5 posters

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1No Right Issue for MTD Walkers (KAPI) Empty No Right Issue for MTD Walkers (KAPI) Mon Sep 01, 2014 8:15 am

extremedeal


Stock Analytic
Stock Analytic

The market sell off on last Firday was due to a rumor spread by Thushan (Capital Trust) regarding a proposed right issue by KAPI. There is no base to this story and he wants to collect more after his premature exit from the share or he wants to justify his exit.

If they want more capital, raising debt would be the ideal way to go in this low interest rate environment.

They are using receivables which are shortly due for the said acquisition.

Do not worry about any right issue.

windi5

windi5
Moderator
Moderator

He might know somthing,more than us.

schemer


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

what is this announcement ?
statement says They have acquired a company .

is this good or bad?
I do not about the new company. its a new name for me.
how they found money for this new acquisition?

than me share eka ganna hondada , narakada kiyala mata kiyanna puluwannam ,please.

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics

Theoretically there should be a rights issue or loan to fund the acquisition. WINCON is currently owned by MTD Capital Malaysia (majority shareholders of KAPI) and it will be transferred to KAPI. MTD capital Malaysia will take up the rights/shares to the value of the acquisition. We might be lucky to get a small share of the same rights issues as right issue need to be issued to all shareholders. This is the same thing they did when they acquired CML and Walker Piling.

SupunD


Senior Equity Analytic
Senior Equity Analytic

If there is a right issue WINCON is valued at a correct range. But if MTD Capital Malaysia wants to get a good gain out of the deal they will look for an alternative mechnisam.

Just a thought Smile

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