Oh my God!!! Is this true? Tanjong PLC gets RM21.80 per share buyout offer. 24% increase from the last price RM17.58. I am still waiting for Bursa Malaysia announcement. But saw this one from Reuters. Tanjong PLC to be delisted. 
Tanjong PLC was suspended yesterday. Suspended for 3 days. Will resume trading after official corporal announcement. What is then announcement then?
Based on Reuters, Malaysian billionaire Ananda Krishnan is set to buyout utilities and gaming company Tanjong PLC TJLP.KL for RM20.50 a share. It this true? Or he will split the power division and gaming division?
Let’s wait and see…
Will Tanjong PLC split its power and gaming division? Maybank Investment Bank mentioned about splitting the power and gaming will bring more value to Tanjong on 5 November 2009. Tanjong stock price up 44 cents from RM15.38 to RM15.82 that day. Up another 58 cents to RM16.40 the next day (Highest intraday ~ RM16.72).
Tanjong intraday performance on 06 November 2009
Based on the technical research from Maybank Investment Bank on 6 November 2009, Tanjong has 2 upside targets of RM16.70 and RM17.78. Well, Tanjong hit the first upside target easily that day. How about the next one? When can it achieve that? And come to another question, why there are 2 research reports from Maybank Investment Bank about Tanjong in these 2 days. And it brought good news too. Some investors did fall into buying flow. Does it have anything to do with Maxis re-listing? Will Ananda Krishnan split Tanjong into 2 divisions? If Tanjong split, it will not be in FBM KLCI (top 30 stocks) anymore. Will it?
So many questions but no answers…
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