2017年5月31日，公路维修公司(5070 Protasco Bhd)
”富达”自从执行懂事兼单一大股东张吉平独掌控制董事局以来，除了拼媒体头版新闻曝光率成绩显著外，实际上股价连续三年大跌，派股息不如股价暴跌率，业绩
一落千丈。前大股东时代昔日风光不再。
国民退休基金“EPF”和一众国有投资机构早就有闻潜伏收购政府和公共事务相关公司后夺权大刀阔斧前科，富达这条大鱼岂能错过。当年向实达SP
Setia刘启盛开刀，相关重量级人物都爱莫能助，更何况富达。截止2017年5月29日，EPF已经收购了25,742,000股，大约6%富达公众
股。
华人企业日落西山，杀鸡何太急。根据坊间报道，当年新大股东就是充着救华情怀扶了张懂一把，结果悲剧收场。最后鹿死谁手，如果富达真的国进民退，只能自叹造化弄人，一切早有安排。
副联财经
31 May 2017, Road maintenance company Protasco Bhd since the single
largest shareholder cum Executive Director Chong Ket Pen took control 3
years ago had saw series of massive press coverages and public relations
promoting company prospects and Chong personal publicity being
excessive. The share price however had been consistently going downhill
over the last 3 years, with dividend yield lower than share price
declines, and profit margin going South. The golden days of high margin
concession income during the former substantial shareholders’ era had
faded.
The mysterious shareholders fight between Chong and new substantial shareholders was classic, where Chong won the battle only to know that the plate is too large for him to chew. While Chong is trying to recreate the old glory of former substantial shareholders, business environment had gone against him. Share price tanked, and institution investors fled. However, this has created buying opportunity for other institution investors such as Employees Provident Fund Board (EPF) to collect over 25,742,000 shares, or 6% as of 29 May 2017.
Bursa Malaysia had shown EPF announcements as follow:
25 May 2017 - Great Eastern Holdings Limited exit being a substantial shareholder
26 May 2017 - EPF acquired additional 635,000 shares to add up to 21,503,900 shares
29 May 2017 - EPF acquired more shares
30 May 2017 - EPF acquired more shares
31 May 2017 - EPF acquired more shares
The accumulation of shares by EPF is likely to happen over time, which gave the company short term relieves from negative perception and loss of investors’ confidence. With the few left over government linked public listed company control by Chinese businessman in the market, the shareholders fight had created perfect opportunity for predatory funds to take the last prize. The current single largest shareholder worst nightmare and fear of losing power might just got started and turns reality eventually.
FL FinNews
The mysterious shareholders fight between Chong and new substantial shareholders was classic, where Chong won the battle only to know that the plate is too large for him to chew. While Chong is trying to recreate the old glory of former substantial shareholders, business environment had gone against him. Share price tanked, and institution investors fled. However, this has created buying opportunity for other institution investors such as Employees Provident Fund Board (EPF) to collect over 25,742,000 shares, or 6% as of 29 May 2017.
Bursa Malaysia had shown EPF announcements as follow:
25 May 2017 - Great Eastern Holdings Limited exit being a substantial shareholder
26 May 2017 - EPF acquired additional 635,000 shares to add up to 21,503,900 shares
29 May 2017 - EPF acquired more shares
30 May 2017 - EPF acquired more shares
31 May 2017 - EPF acquired more shares
The accumulation of shares by EPF is likely to happen over time, which gave the company short term relieves from negative perception and loss of investors’ confidence. With the few left over government linked public listed company control by Chinese businessman in the market, the shareholders fight had created perfect opportunity for predatory funds to take the last prize. The current single largest shareholder worst nightmare and fear of losing power might just got started and turns reality eventually.
FL FinNews
Ref: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5446705
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
| PROTASCO BERHAD |
Particulars of substantial Securities Holder
| Name | EMPLOYEES PROVIDENT FUND BOARD |
| Address |
Tingkat 19, Bangunan KWSP, Jalan Raja Laut Kuala Lumpur 50350 Wilayah Persekutuan Malaysia. |
| Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class) | Ordinary Shares |
Details of changes
| No | Date of change |
No of securities
|
Type of Transaction | Nature of Interest |
| 1 | 26 May 2017 |
1,808,400
|
Acquired | Direct Interest |
| Name of registered holder | CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. | |||
| Address of registered holder | LEVEL 42, MENARA CITIBANK, 165 JALAN AMPANG, 50450 KUALA LUMPUR | |||
| Description of "Others" Type of Transaction | ||||
| Circumstances by reason of which change has occurred | Acquired |
| Nature of interest | Direct Interest |
| Direct (units) | |
| Direct (%) | |
| Indirect/deemed interest (units) | |
| Indirect/deemed interest (%) | |
| Total no of securities after change | 25,742,000 |
| Date of notice | 29 May 2017 |
| Date notice received by Listed Issuer | 31 May 2017 |
Announcement Info
| Company Name | PROTASCO BERHAD |
| Stock Name | PRTASCO |
| Date Announced | 31 May 2017 |
| Category | Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016 |
| Reference Number | CS2-31052017-00017 |
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