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1768 comment(s). Last comment by hanting999 at Oct 25, 2014 03:37 PM
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Kian Leong Lim
217 posts

Posted by Kian Leong Lim > Oct 21, 2014 01:19 PM | Report Abuse

At least you know what we all are doing all the time.............chasing after the wind storm by going with the wind.


hanting999
64 posts

Posted by hanting999 > Oct 21, 2014 06:55 PM | Report Abuse

Now EPF cannot vote in the CIMB-RHB merger. What happens now? It would seem our "smart and rich" OLH is going to be a power-broker. Hip - hip - Hooray!!!!!!!! For me, all I want is that OSK will rise up ---- (or will it?) Tomorrow will tell.


paulthesotong
151 posts

Posted by paulthesotong > Oct 21, 2014 07:12 PM | Report Abuse

Yes, now the chance for Ong n Aabar in the driver seats. Pls Nazir give the damn money 12 bucks. Lol.


hanting999
64 posts

Posted by hanting999 > Oct 21, 2014 07:33 PM | Report Abuse

Yup! What will 'smart and rich' OLH do? Side with EPF and CIMB for the merger to go through? or ------------what? Let's watch.


SP0094701
165 posts

Posted by SP0094701 > Oct 21, 2014 07:35 PM | Report Abuse

They act drama only let the public see . Actual all is control by them...


paulthesotong
151 posts

Posted by paulthesotong > Oct 21, 2014 10:42 PM | Report Abuse

Man needs face tree needs bark so do Ong!


fortunebullz
1294 posts

Posted by fortunebullz > Oct 21, 2014 10:59 PM | Report Abuse

Well, smart investor already knew about this! Wink wink!


kudamuda
23 posts

Posted by kudamuda > Oct 23, 2014 11:31 AM | Report Abuse

so now OSK become king maker for the merger?


hanting999
64 posts

Posted by hanting999 > Oct 23, 2014 05:04 PM | Report Abuse

Just close eyes buy OSK - No problem. The problem comes when you open your eyes. Make sure when OSK explodes, it does not explode onto you. What has OSK got? A printing machine to print shares.


paulthesotong
151 posts

Posted by paulthesotong > Oct 24, 2014 05:37 PM | Report Abuse

Ong unlikely to do " anything funny ' except demand 12 bucks.


SP0094701
165 posts

Posted by SP0094701 > Oct 24, 2014 07:35 PM | Report Abuse

Osk holding RHB 10 % with prise rm 7.00++. I think OLH will accept the offer of rhb prise rm10.. what do you all think?????


hanting999
64 posts

Posted by hanting999 > Oct 24, 2014 08:47 PM | Report Abuse

If I were OLH, what would I do? This is my dream; How do I get to become a director of the new mega bank? Any ideas?


steady
634 posts

Posted by steady > Oct 24, 2014 08:52 PM | Report Abuse

@hanting999, you are right. As i said so, just forget about OSKP and PJDev. Just buy OSK, no way to get wrong.


Ravi Kumar
673 posts

Posted by Ravi Kumar > Oct 24, 2014 10:10 PM | Report Abuse

OLH got no money exchange share for share to increase his grip on OSK Holdings. I hope the CIMB-RHB-MBSB merger does not happen. Mind you, timeline is mid of next year.


hanting999
64 posts

Posted by hanting999 > Oct 24, 2014 10:52 PM | Report Abuse

Mr. Ravi, if your hope comes true, then my - oops - his dream of becoming a director of mega bank is gone. He is a rich man; he has the money. he just wants to keep it.


sephiroth
11850 posts

Posted by sephiroth > Oct 25, 2014 02:15 PM | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/10/25/Highlevel-talks-seal-mega-bank-deal/?style=biz


sephiroth
11850 posts

Posted by sephiroth > Oct 25, 2014 02:16 PM | Report Abuse

THE proposed mega bank merger between CIMB Holdings Group Bhd, RHB Capital Bhd (RHB Cap)and Malaysia Building Society Bhd (MBSB) is pretty much a done deal, at least going by industry talk and a new media report.

On Friday, Singapore Business Times reported that owing to high-level talks between the leaders of Malaysia and Abu Dhabi, the key party in the merger, namely Aabar Investment, which is the second largest shareholder of RHB Cap with a 21.22% stake, has verbally agreed to vote in favour of the bank merger.

If true, this more or less clears all major hurdles toward the creation of Malaysia’s largest bank with an asset size of RM193bil.

But industry sources reckon that the top level cajoling certainly didn’t happen without carrots being dangled.

Sources say that in securing Aabar’s compliance, Aabar has likely been given an option to sell its 1MDB Energy Bhd IPO shares back to 1MDB at a price that will definitely cover any shortfall from the RHB Capital deal.

Aabar currently holds an option to subscribe to equity in 1MDB Energy, the power arm of 1Malaysia Development Bhd (1MDB) that is slated for a US$3bil (RM9.6bil) initial public offering (IPO) in February next year.

StarBizWeek had recently reported that Aabar is in an interesting position as it owns that crucial block in RHB Cap as well as the option to subscribe for equity in IMDB Energy, which puts it in a good position of leverage – if it doesn’t get a good deal on one, it could get a better deal on the other one to the extent that it covers any shortfall from the first one.

Aabar’s option for shares in 1MDB Energy comes after its parent, International Petroleum Investment Corp (IPIC), provided a guarantee to 1MDB for its US dollar debt papers for about US$3.5bil.

This was to help 1MDB fund the purchases of both the Tanjong and Genting power plants in 2012.

In return for the corporate guarantee from IPIC, 1MDB had given a 10-year option to Aabar to acquire up to 49% equity interests in the Tanjong plc and Genting Sanyen Sdn Bhd power plants when the energy division goes for listing. This option has a monetary value but it’s unclear how much this is worth.


hanting999
64 posts

Posted by hanting999 > Oct 25, 2014 03:37 PM | Report Abuse

"You scratch my head and I will scratch your head". This is too much. To please Aabar and to get the merger going a deal (by understanding) is brokered. I wonder what 'extra' OSK will get. Broker for more land for the new "property" entity, OLH Properties Bhd.

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