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129 comment(s). Last comment by Musang King at Feb 4, 2020 4:28 PM
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afterlight
54 posts

Posted by afterlight > Mar 20, 2019 12:37 PM | Report Abuse

Bye Amtek, bye Amtek Minorities


Musang King
574 posts

Posted by Musang King > Mar 20, 2019 2:57 PM | Report Abuse

Officially, Amtek is now delisted today 20-March-2019.


Musang King
574 posts

Posted by Musang King > Mar 25, 2019 6:36 PM | Report Abuse

Privatization
Making a public company private is a relatively simple maneuver that typically involves fewer regulatory hurdles than there are with private-to-public transitions. At its most fundamental basis, the private group makes an offer to the company and its shareholders, stipulating the price they are willing to pay for the company's shares. If a majority of the voting shareholders accept the offer, the bidder then pays the consenting shareholders the purchase price for every share they own.


Musang King
574 posts

Posted by Musang King > Apr 25, 2019 6:17 PM | Report Abuse

Waiting to attend their AGM. Must attend if any of you is still having Amtek Shares.


ElloMate
14 posts

Posted by ElloMate > May 23, 2019 10:52 PM | Report Abuse

Hi @Beststock pertaining to the bit about Syed Azmin's unearthly behaviors being spread on social media, could you provide some context?


Musang King
574 posts

Posted by Musang King > Jun 7, 2019 4:06 PM | Report Abuse

SYED AZMIN unearthly behaviours should be reported to our SSM and Securities Commission for taking Amtek private without letting the investors a choice to decide. By now, he should tell the investors what he should do with Amtek's assets and the monies inside the company. We should demand that either he himself buys over all the shares that he does not own or the Amtek itself buys back its own shares after re-valuation of all its assets by using its own money. SSM or SC should DO SOMETHING here to help release those INVESTORS got trapped by SYED AZMIN and his group of people.


Musang King
574 posts

Posted by Musang King > Jun 8, 2019 5:13 PM | Report Abuse

SELAMAT HARI RAYA SYED MOKHTAR & SYED AZMIN. SALAM AIDILFITRI DAN MOHON MAAF ZAHIR & BATIN.


Musang King
574 posts

Posted by Musang King > Sep 13, 2019 3:55 PM | Report Abuse

Amtek got delisted. They never inform or contact the minority shareholders to update what is happening inside the group. SC just made don't know. Amtek Management made don't know. This is the status a a Delisted Public Entity in Malaysia.


Musang King
574 posts

Posted by Musang King > Sep 13, 2019 3:58 PM | Report Abuse

Just feeling the company secretary is sitting there doing nothing from date of delisting until now. No News.


Musang King
574 posts

Posted by Musang King > Oct 5, 2019 5:00 PM | Report Abuse

AGM is coming soon in November 2019.


Musang King
574 posts

Posted by Musang King > Dec 3, 2019 7:36 PM | Report Abuse

Notice of AGM received 29th Nov 2019. Date of AGM is 17 Dec 2019 Tuesday at 11.45am but printed wrongly as 11.45pm. ( Nevermind the time of AGM printed inside on the next page is 11.45am ).


Musang King
574 posts

Posted by Musang King > Dec 3, 2019 7:37 PM | Report Abuse

Notice something missing inside the Annual Report. Will read through and report later.


Musang King
574 posts

Posted by Musang King > Dec 5, 2019 3:30 PM | Report Abuse

No mention of 2 most important things. 1. The current shareholders listing . and 2. The Properties listings in the latest report are missing. Even though, the company is delisted, these 2 informations are very vital and important. I appeal to the SECURITIES COMMISSION to look into these missing information which can give rise to ambiguity and misunderstanding. How can a delisted company has no share holders names all missing. The properties listing is missing as well. FUNNY..


Musang King
574 posts

Posted by Musang King > Dec 5, 2019 3:41 PM | Report Abuse

However, the properties of the Group are only declared as Assets not carried at fair value Investment Properties at Level 3 amounting to RM6,334,142 Net Figure. The New Figure or The Fair Figure can only be revealed when there is a Transaction or Transfer occuring if any in the future. Based on the Report on Page 90, Valuation processes applied by the Group for Level 3 fair value for assumptions i & ii are IRRELEVANT. PLEASE READ CAREFULLY.


Musang King
574 posts

Posted by Musang King > Dec 6, 2019 5:22 PM | Report Abuse

There is no communication between the Shareholders of Amtek Holdings Berhad after the Group was delisted from the Main Market of Bursa Malaysia Securities on the 20th March 2019. This i3 investor.com is the only place we can voice our opinion. I have to convey my Thanks to i3 investor.com for continue to let us read and post news and opinions even though we minorities are left behind like nobody business ( Securities Commission and The Minorities Group Watch Dogs also do not bother to take care of us ) after Amtek Holdings Berhad was delisted. So Sad. I hope the present Government should take into consideration the plight, interest and opinion of the Minorities Shareholders after a Public Listed Company like Amtek Holdings Berhad was delisted.


Ding HL Allan
42 posts

Posted by Ding HL Allan > Dec 7, 2019 1:03 PM | Report Abuse

The Board should continue to stress its overall responsibilities for maintaining and ongoing reviews of the adequacy and integrity of its Group’s system of internal control to ensure that the shareholders’ investment and Group’s assets are safeguarded.
The Company’s Statement on Risk Management and Internal Control is Not included in the annual report for the financial year ended 30 June 2019.


Ding HL Allan
42 posts

Posted by Ding HL Allan > Dec 7, 2019 1:06 PM | Report Abuse

The website of Amtek Holdings Berhad is not updated @ today 07/12/2019. The communication between the shareholders and the board of directors are zero.


Ding HL Allan
42 posts

Posted by Ding HL Allan > Dec 7, 2019 1:10 PM | Report Abuse

No mention of any current shareholders statistic and no mention of the group assets and properties are almost amount to fraud and open cheating of the public who invested in the company before delisting. I also appeal to the Securities Commission, the Bank Negara, the SSM and the commercial crime police department to question their motive of delisting.


Ding HL Allan
42 posts

Posted by Ding HL Allan > Dec 7, 2019 1:19 PM | Report Abuse

The current usage of the 7 acres land in Petaling Jaya is also a big question mark. 7 acres of prime commercial land beside DHL Express and Continental Tyres only attracted slightly over RM200,000-00 in their income. What and how it can happened? Please answer this question to our current shareholders. If they take the group private and delisted, their intention of their land usage was changed to their own director's use, we should duly request that they buy over the properties and declare the true and fair value of the land according to the current market price. Why didnt they do that???????????????????????????????????????????????????


Ding HL Allan
42 posts

Posted by Ding HL Allan > Dec 7, 2019 1:23 PM | Report Abuse

After delisting, it does not mean that the management and directors can do according to what they like without thinking of all the minority shareholders. SC , SSM and Bank Negara please take note of Amtek Holdings Berhad. Something is definately hiding inside their agenda. Even the current Notice of AGM for this year is less than 28 days.


Ding HL Allan
42 posts

Posted by Ding HL Allan > Dec 7, 2019 1:25 PM | Report Abuse

Malaysian Minorities Watch Dogs, you are failing the people and investors of Malaysia. How shameful of you.


Musang King
574 posts

Posted by Musang King > Dec 7, 2019 6:58 PM | Report Abuse

YES. Truly shameful of The MSWG - MALAYSIAN MINORITY SHAREHOLDERS WATCHDOG GROUP. They think any Public Listed Companies just got delisted, nothing to do with them. They are wrong and they just want to shred off their Watchdog duty just like that. That's it. WHAT A SHAME? Really shameful, They should continue helping the Minoritiy Shareholders instead of leaving them with the unlisted group. WHAT A SHAME ON YOU, MSWG.


Ding HL Allan
42 posts

Posted by Ding HL Allan > Dec 8, 2019 11:39 AM | Report Abuse

Amtek now is a piece of cake. Wherher it is a big cake or a small cake, the directors should now invite us to take a look on this piece of cake and share. Remember, sharing and caring and no one should be selfish. This piece of cake is not small. It is 7 acres in size situated in PJ old town. We want to know more on who resides on the land, what and how we can make use of the land. Be transparent. OK.


Musang King
574 posts

Posted by Musang King > Dec 9, 2019 3:32 PM | Report Abuse

YES. SHARING IS CARING. MAY PEACE AND BLESSING BE UPON TUAN SYED AZMIN.


Musang King
574 posts

Posted by Musang King > Dec 16, 2019 4:38 PM | Report Abuse

AGM TOMORROW 17/12/2019 AT 11.45AM. SEE YOU THERE.


Ding HL Allan
42 posts

Posted by Ding HL Allan > Dec 17, 2019 9:13 AM | Report Abuse

Amtek shareholders meeting today must be attended fully today because we are discussing the winding up of the group or the sale of your shares back to the group. The meeting can be very heated if the group is not treating the minorities fairly. Meeting starts at 11.45am today. Reporters and Shareholders, please be informed. Thank you.


Musang King
574 posts

Posted by Musang King > Dec 24, 2019 4:08 PM | Report Abuse

jackfruit : Minorites so confidence ah..Amtek management cannot be trusted. They are thives. once delisted they will quitely shift Amtek registered office to Tanjong Rambutan and strip all the assets to their nominee. U think u can get your money back.
15/03/2019 7:03 PM................. jackfruit, you may be correct by what you said before the de-listing date. I take note of this matter. It is indeed serious. Very very serious.


Musang King
574 posts

Posted by Musang King > Dec 24, 2019 4:16 PM | Report Abuse

Jackfruit may have known something inside before hand that we do not know. We were so ignorant.


Musang King
574 posts

Posted by Musang King > Feb 4, 2020 4:28 PM | Report Abuse

Announcement from Amtek Holdings Berhad - Errata to the Information on the Properties of the Group - Annual Report 2011 to 2018. On 20th January 2020, Amtek announced to All the Shareholders of Amtek Holding Berhad ( Now delisted ) that "The information on the date of acquisition , tenure and land area (Sq.M) for the property bearing postal address 12-K, Jalan Tandang, Seksyen 51, 46050 Petaling Jaya, Selangor Darul Ehsan should be amended and read as "28/07/2009", "99 years Leasehold Land (Expiring on 5/5/2109)" and "1,405 Sq.M " instead of "01/09/2009", "99 years Leasehold Land (Expiring on 13/11/2068)" and "28,328 Sq.M" , respectively. --------- A VERY VERY BIG QUESTION MARK HERE .......????????????

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