Showing posts from December, 2011

Delisting of PLUS from Bursa Malaysia to benefit others?

Delisting  of  PLUS  will  return  RM9.1bn  cash  to  minority  shareholders  after  14 December 2011. How this cash is reinvested will depend on the investment mandate of  the  shareholders.  Potential  beneficiaries  are  counters  like  Maybank,  Maxis, Telekom, Petronas Chemicals, RHB Capital, MISC, Public Bank, Digi, YTL Power, KLK, BAT, Petronas Dagangan, Petronas Gas, LITRAK, Air Asia, Bumi Armada and UEM Land.Delisting of PLUS to return RM9.1bn cash
- Trading in PLUS has been suspended and shareholders as at 14 December 2011 will be  entitled  to  receive  RM4.45  cash  per  PLUS  share.   This  represents  the privatization offer by EPF, UEM and Khazanah who collectively own 59% of PLUS. 
- The minority shareholders of PLUS will thus receive RM9.1bn cash (41% of 5bn shares at RM4.45 per share) on 28 December 2011, which may be reinvested in Bursa Malaysia.   

Which counters may benefit from the reinvestment of this cash?
- For institutional fund managers, what they…