The Star Online: Business
The Star Online: Business |
- Semperit AG Holding makes RM603m takeover offer for Latexx
- Financial Snacks
- KLCI opens weaker, banks weigh
| Semperit AG Holding makes RM603m takeover offer for Latexx Posted: 07 Oct 2012 06:49 PM PDT KUALA LUMPUR: Semperit AG Holding has made a RM603mil (152mil euros) voluntary conditional offer for Latexx Partners Bhd. Its unit, Semperit Investments Asia, said on Monday it had made a voluntary conditional cash offer for the medical gloves producer at a price of RM 2.30 per share and RM1.77 per warrant. It said the share offer price of RM 2.30 was a premium of 28.5% to the closing price on Oct 5, 2012 and 36.9% to the one-month volume weighted average price (VWAP) Semperit Investments said the warrant offer price of RM 1.77 per warrant represents a premium of 36.2% to the closing price on Oct 5 and 50.0% to the one-month VWAP. "The share offer price and warrant offer price represent an attractive premium over the trading prices of Latexx Partners' shares and warrants respectively, and shareholders and warrant holders may realise their investment at the attractive premium without incurring brokerage and other trading costs," it said. Latexx Partners chairman and CEO Low Bok Tek had entered into a share sale agreement with Semperit Investments Asia to divest his entire shares and warrants holding comprising 65.0 million ordinary shares (29.3% of the ordinary shares outstanding) and 35.0 million warrants. Semperit Investments Asia has entered into put and call option agreements with eight other holders of shares and warrants in Latexx Partners who together hold 20.2 million ordinary shares (representing 9.1% of the ordinary shares outstanding) and 9.6 million warrants in Latexx Partners. "The put and call option agreements are subject to the completion of the share sale agreement between Semperit Investments Asia and Low Bok Tek," it said. |
| Posted: 07 Oct 2012 06:36 PM PDT Starting this week, StarBiz present s a weekly column on financial tips written by a number of certified financial planners. Their Monday offerings will give readers an insight into a wide range of financial issues that matter to the ordinary person. They will present their advice in a friendly and easy-to-digest manner. Today's maiden article is by Joyce Chuah who has been in the industry for 15 years. As a bonus, our associate editor Hafidz Mahpar will unveil his artistic skills in the illustrations that accompany each article Some of you may wonder why our finances are not in great shape and do not seem to improve month after month. Have you ever thought if you could have been focusing on the wrong side of your personal financial health equations? Your Financial Equations simply tell you if you are above or underwater in your finances. The most important 3 are as follows: JOYCE CHUAH writes Income- Expenses=Savings Income is the common part of any savings equation. However, what is more important is expenses. Are you surprised? If you focus your attention on managing on your expenses on a higher level of consciousness, you can quite immediately increase your savings. Increasing income is possible but it takes time which means waiting for an increment, working 2 jobs or even starting a small business which has a gestation period for results. Returns-Inflation=Real Returns We are all too obsessed with returns. We check out the best FD rates in town, and queue up for deposits that give slightly better returns than FDs. Many times, our focus moves away from inflation, which is after all an important element in providing you your real returns. So, don't just chase after raw returns which do not give you a positive return after your personal inflation rates. Asset-Liabilities=Net worth A commonly used barometer used to rank wealthy individuals is the amount of net worth the individual has - hence the term "high net worth individuals". Increasing assets and reducing liabilities will surely increase our net worth. However if we have limited resources, how much can we do to increase our net worth? One way is to focus on your liabilities check if you too under geared that you are compromising the growth of your net worth? Start thinking like a business person they usually leverage on Using Other People's Money' i.e. borrowing prudently to make more money. Think about it. |
| KLCI opens weaker, banks weigh Posted: 07 Oct 2012 06:29 PM PDT KUALA LUMPUR: Blue chips started the week on a cautious note on Monday, with some profit taking seen in index-linked stocks. At 9.10am, the FBM KLCI was down 5.75 points to 1,654.48. Turnover was 63.78 million shares valued at RM27.28mil. There were 87 gainers, 64 losers and 104 counters unchanged. Reuters reported Asian stocks edged lower on Monday and other riskier assets such as commodities fell as investors remained cautious about the outlook for the global economy and corporate earnings despite better-than-expected US jobs numbers at the end of last week. Wall Street stocks dipped late on Friday as an unexpected drop in the U.S. unemployment rate was overshadowed by concerns about the earnings season -- which kicks off with Alcoa Inc on Tuesday -- and S&P 500 futures traded in Asia were down a touch on Monday, the wire report said. At Bursa Malaysia, Maybank and CIMB fell six sen each to RM8.93 and RM7.64 while UMW was the top loser, down 16 sen to RM9.92. Petgas fell six sen to RM20 with 100 shares done, Genting Malaysia shed six sen to RM3.72 while Axiata gave up five sen to RM6.71. Among the plantations, SOP fell fuve sen to RM6.15 while Sime Darby gave up five sen to RM9.60. However, KLK added 22 sen to RM21.64. Dutch Lady jumped 74 sen top RM44.50, Pharmaniaga added11 sen to RM7.50 and MISC six sen to RM4.31. |
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