We believe a corporate exercise is on its way for Apex. A price control exercise by parking certain amount of shares at RM 1.90 above. We forecast a takeover, merger, placement or privatisation is on the card.
With the current parking of price at RM 1.90 and above. The exercise may be at RM 2.1 and above but not too far away.
We sold some and exchanged all to CIMB at RM 4.540