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Friday, June 6, 2008

Current Counters with General Offer

1. 7th June 2008, HeiTech Padu... rumour saying that PNB may be making a General
offer for HeiTech Padu shares. No mention of price involved. Yesterday HTpadu
closed atRM1.37 (reference to STARBIZ on 7/6/08) Looks like it is supported at
around RM1.30 (12.6.08)

2. UEM Builders... UEM World may make a mandatory general offer for UEM Builders at
RM1.42. If general offer fail the positive
point is UEM Builders has order book of RM2.9bn and analyst attach a target
price(TP)of RM2.00(with reference to Credit Suisse report on 2/5/08)

3. Loh & Loh .. General offer at RM4.85 (cash)by UBG .. may be targeted for
completion 3Q08 Note: 18/7/08 UBG acquired 37.6% Loh & Loh and is now extending to
acquire the remaining shares with the deadline on 29/8/08 (Friday)


4. Putrajaya Perdana..General offer at RM4.85 (cash)by UBG .. may be targeted for
completion 3Q08 . UBG on 18/7/08 has 49.1% of Putrajaya Perdana and on has
extended to acquire the remaining shares at RM4.85 with the deadline of acceptance
on 29/8/08 (Friday)
Last day to accept the General Offer is 29/8/08 (Friday)

5. UBG ... General offer at RM2.50 (cash)by Majestic Masterpice .. may be targeted
for completion 3Q08

6. INTI ... General offer at RM1.20 by Laureate Education (listed in US) ..may be
targeted for completion 3Q08

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