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OMS and SISB agree to work in good faith to negotiate and enter into a definitive agreement (which will
take the form of a share purchase agreement (“SPA”)) for the Proposed Transaction on or before 30 May
2022. The following conditions precedent are required to be fulfilled prior to the execution of the SPA:
(a) approval of the board of directors of OMS and OMH, for the acquisition of the Sale Shares; and
(b) approval of the board of directors of SISB and CMS, for the disposal of the Sale
mr.Adison, the 25% stake OMS SPA transaction btwn cmsb n OMH had completed yesterday, without any right issue. meaning if u check the gain that cmsb get from affiliate which OMS is one of them (i think about 30 mil) on Q3,2022. additional profit to OMH. Another catalyst woul be the silicon metal furnace will be completing the commissioning by end of Dec, detail of the profit u would have to compare with its PEER which is PMBtech in term of capacity and customer base. 2023 should be good for OMH
mr.adison,you may read below article for more understanding of the company,before making any decision. there are also kenanga analyst report, but a bit underestimate the sp and earning.