1. What happen to KYY Rm One million investment competition?

2. Why MCA rejected KYY 30 million donation offer?

Many people including stockraider as show in his post below are asking the first question but no one except stockraider asked the 2^nd question.

My answer for the first question:

After RHB could not accept my donation offer without giving me any reason, I made the same offer to Maybank and it also rejected it without giving me any reason. I cannot stop wondering as if my huge donation is a bad thing.

I made the same proposal to CIMB and I was told that that it is not so easy for the bank to accept my offer. The bank is doing the following:

The heads of various departments, computer system, administration, accounting, publicity, margin finance, operation and others have met a few times to discuss how to manage the increased business. The competitions with Rm one million price money will attract a few hundred of new margin accounts. The follow are some of their concerns:-

Can their computer system handle the additional work load?

How many more remisiers, accounting, clerical, administrators etc to be employed for each State and for the HQ? 

Each State CIMB manager has to discuss with all their branch managers about the additional business.

All the CIMB State managers have to submit their requirement in order to cope with the additional business to CIMB HQ.  

I was also told that their margin finance department is considering to offer a more attractive loan scheme to all the participants because of the increased revenue and profit. 

Finally the bank has to seek Securities Commission’s approval because SC might think that the competition will encourage more investors to take extra risk to win some of the prices. I hope SC will approve it.  

After the above explanation, I hope no one will doubt my sincerity in making my donation offer. I also hope there will be less abusive critics making stupid comments and more people will defend me.