Beng Kuang Marine

[port]

dubai world delisted labroy marine and came to hv an indirect stake of 26.98% in BKM.

last oct, Pacifc carriers took over DDW-PaxOcean Asia Pte. Ltd. and has an indirect stake in BKM.

http://drydocks.gov.ae/en/news/sharehold...riers.aspx

Pacific carrier is a member of kuok singapore which in turn is related to kuok group, wilmar, kerry group.

http://www.pclsg.com/
http://www.kuokgroup.com.sg/

what is the implication of the move by PCL to own an indirect stake in BKM?

how likely is BKM to go under as it has a negative working capital?

BKM sold its tuas property in may for a 100% gain to improve its working capital.

---

bkm is building its 2nd livestock carrier to transport sheep/cattle from australia to indonesia. likely to go into operation this yr to cater to the demand during Hari Raya Haji.

http://www.valuebuddies.com/thread-3535.html

[Clement]

dubai world delisted labroy marine and came to hv an indirect stake of 26.98% in BKM.

last oct, Pacifc carriers took over DDW-PaxOcean Asia Pte. Ltd. and has an indirect stake in BKM.

http://drydocks.gov.ae/en/news/sharehold...riers.aspx

Pacific carrier is a member of kuok singapore which in turn is related to kuok group, wilmar, kerry group.

http://www.pclsg.com/
http://www.kuokgroup.com.sg/

what is the implication of the move by PCL to own an indirect stake in BKM?

how likely is BKM to go under as it has a negative working capital?

BKM sold its tuas property in may for a 100% gain to improve its working capital.

---

bkm is building its 2nd livestock carrier to transport sheep/cattle from australia to indonesia. likely to go into operation this yr to cater to the demand during Hari Raya Haji.

http://www.valuebuddies.com/thread-3535.html

Hi Port, I don't see any attractiveness in this stock. Care to share your investment thesis on this?

[port]

For the avoidance of doubt, transactions with Kuok (Singapore) Limited and its subsidiaries, including PCL and POSH and
their respective subsidiaries will not fall within the ambit of the Shareholders’ Mandate and shall be subject to the relevant
provisions of Chapter 9 of the Listing Manual. The Company will in due course seek a new shareholders’ mandate for
transactions between the Group and the new controlling shareholder, Kuok (Singapore) Limited and its subsidiaries.

[zxiank]

Anybody following Beng Kuang? It's a O&G stock but somehow it dropped much more than the rest. Was $0.18+, now $0.083 after 2 days of decline.. many of these sub $0.10 stocks dropping/rising more than 10% daily..

not vested just curious

[brattzz]

this should be a marine counter...
still down.