Harvest Court Industries Berhad Designation Status Lifted By Bursa Malaysia
It’s not a surprise that the share of timber products maker, Harvest Court Industries Berhad, hit a limit up once the Designation Status Lifted By Bursa Malaysia on 9:00 a.m., Monday, 9 January 2012.
Both the mother share hit limit up by jumped 33 sen or 31% from RM1.08 to RM1.41 while its warrants soared 32 sen to RM1.14 on Monday.
This is because the stock price NEVER drop much even it was in designation status for the last two-month .
Unlike previous designation stock, Iris Corp, the price almost crash! It looks like the restrictions had not worked very well.
The designation status is NOT a death sentence for Harvest Court Industries Berhad!
Read more at Harvest Court Industries Berhad Still Attract Strong Buying Support
On Tuesday, 10 January 2012 closing, Harvest Court Industries Berhad jumped 19 sen or 14% from RM1.41 to RM1.60 while its warrants soared 17 sen or 15% from RM1.14 to RM1.31.
It didn’t hit limit up as it never goes up by 30%.
The buying rate for Harvest Court Industries Berhad was 40% and for its warrant was 48%.
This show medium buying sentiment.
Let see what will happen in the following day
It was reported that the company has clinched several contracts for projects related to its new directors.
The company announce on 10/01/2012 that Datuk Raymond Chan Boon Siew, acquired 200,000 shares at RM1.550 and 400,000 shares at RM1.581, in the open market.
So are you still buying Harvest Court Industries Berhad or still very bullish?
Company Announcement:
9342 HARVEST HARVEST COURT INDUSTRIES BHD
Changes in Sub. S-hldr’s Int. (29B)
Particulars of Shareholder
Name : DATUK RAYMOND CHAN BOON SIEW
NRIC/Passport No./Company No. : 720814-08-6161
Nationality/Country of Incorporation : MALAYSIAN
Address:
LOT G-600A, 1BORNEO HYPERMALL, JALAN SULAMAN, 88400 KOTA KINABALU, SABAH
Descriptions (Class and Nominal Value):
Ordinary shares of RM0.25 each
Name and Address of Registered Holder:
DATUK RAYMOND CHAN BOON SIEW
LOT G-600A, 1BORNEO HYPERMALL, JALAN SULAMAN, 88400 KOTA KINABALU, SABAH
Details of Changes
Date of Notice : 10/01/2012
Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 10/01/2012 Acquired 200,000 1.550
2. 10/01/2012 Acquired 400,000 1.581
Circumstances by reason of which change has occurred:
Acquisition of shares in open market
Nature of Interest:
Direct
Consideration:
No of Shares Held After Changes:
Direct : 28,944,509 shares (15.9400%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 28,944,509 shares
Remarks:
The total percentage of ordinary shares acquired by Datuk Raymond Chan was 0.33% of the total issued and paid up capital of the Company.
Submitted By:
TAN TONG LANG
10/01/2012 06:58 PM
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9342 HARVEST HARVEST COURT INDUSTRIES BHD
HARVEST-UPLIFTMENT OF DESIGNATED SECURITIES STATUS
LISTING’S CIRCULAR NO. L/Q : 63487 OF 2012
Kindly be advised that Bursa Malaysia Securities Berhad will uplift the
Designated Securities status on Harvest Court Industries Berhad (HARVEST) and Harvest Court Industries Berhad Warrants (HARVEST-WA) with effect from 9:00 a.m., Monday, 9 January 2012.
The securities of HARVEST and HARVEST-WA will be traded on a Ready Basis for which the delivery and settlement of contracts will be effected on T+3 as
provided under the Rules of Bursa Malaysia.
Your attention is drawn to the Press Release dated 6 January 2012 as attached herewith:
PRESS RELEASE
UPLIFTMENT OF DESIGNATED SECURITIES - HARVEST COURT INDUSTRIES BERHAD (HARVEST) AND HARVEST COURT INDUSTRIES WARRANTS (HARVEST-WA)
Bursa Malaysia Securities Berhad will uplift the Designated Securities status
on Harvest Court Industries Berhad (HARVEST) and Harvest Court Industries Warrants (HARVEST-WA) with effect from 9:00 a.m., Monday, 9 January 2012. The securities of HARVEST and HARVEST-WA will be traded on a Ready Basis for which the delivery and settlement of contracts will be effected on T+3 as provided under the Rules of Bursa Malaysia.
In the discharge of its front line regulatory role, the Exchange will continue
to monitor the trading activities of Harvest and Harvest-WA, and where trading concerns are noted, the Exchange may take appropriate regulatory actions.
Head, Issuers, Listing Div
06/01/2012 06:04 PM