According to @mahorse who copied the StarBiz Premium report, the original book value of the 2 hotels add up to RM14m+. Even assuming the combined sale value has doubled or tripled, it may not even be enough to service 1 year's repayment of MUI's massive debt pile.

It is a fact of life in Malaysia that every baba corporate group needs an Ali partner to win government projects. So YTL is not an exception to the rule. Go figure this out yourself!

YTL did not suffer any damage despite Francis Yeoh speaking out against capital cronyism. Don't forget that the YTL-TH consortium just only emerged as the successful PDP for the southern half of the HSR project. Clearly, Francis Yeoh stood strongly by his conviction with the confidence that YTL would not be penalised by the powers that be. In the case of Stanley Thai, one cannot help feeling disgusted with the suspicion that his apology might have something to do with negotiating a get-out-of-jail free card for his insider trading conviction.

omightycap can surely get a job at AffinHwang!!!

Media is indeed plural. However, it is not wrong for the Chief Editor to treat all media as a collective noun that can be expressed as a singular. For example, we may say, "All of America is in mourning in the wake of the Las Vegas mass shooting". This can refer equally to all Americans in the plural or the entire population of America in the singular. For further insight on whether 'all media' should be treated as singular or plural, refer to https://english.stackexchange.com/questions/12818/which-is-correct-all-the-media-is-or-all-the-media-are.

... and with that advantage proxies acting for Reach management could have bought off a lot of the 208m NO votes off market and converted them to YES votes.

But of course regarding 3) and 4), Reach management has the advantage since they know who voted which way.

A number of scenarios: 1) A already voted NO, sold off all shares at a big profit today but remains on the register. A will not change his vote hoping the QA will fail so that he can play another round before the next QA. 2) B already voted YES and will still vote YES in the next EGM and because of today's big rally bought hundreds of lots of the warrants unaware that the the 28 October register will still be used. If the QA falls through in the next EGM, he will lose big time. 3) after the 4 November EGM, QA-friendly investors buy up the shares of the NO voters with the condition they change their votes to YES. 4) after the 4 November EGM, anti-QA yield investors buy up the shares of YES voters with the condition that they change their votes to NO.... In other words, the situation is still extremely fluid.

Margin of error = 4.2%, not much better than the odds for Hillary Clinton. Maybe if Donald Trump somehow wins, it is a bad omen for the QA, haha

DK66, the management cannot possibly get QA-friendly proxies to buy more shares between now and the next EGM to get the QA through as the 28 October Record of Depositors date remains as the cutoff date. All they can do is to encourage more YES voters who had not attended or sent in their proxy forms to do so in the next EGM.

DK66, you are right but if they are using the Record of Depositors as at 28 October, it means that the 208m NO vote of the 154 depositors cast through the chairman as proxy still stands regardless of whether or not they have sold their shares. If so, the number of NO votes is still dangerously close to the rejection percentage.

Read the bursa announcement again. Eligible voters who have not sent in their proxy forms can still do so but the forms have to reach them by 14 November. http://www.bursamalaysia.com/market/listed-companies/company-announcements/5253169

To add to what I said earlier, the NO consortium appears to be using a corporate raiding strategy similar to that made famous by Carl Icahn called "greenmailing" (green for the American greenback). Icahn is well known for typically buying a big stake in a public-listed target corporation and then threaten to initiate a takeover. The target then has three choices, 1) call his bluff with the guess that his pockets are not deep enough to fork out the necessary amount of money for the takeover, 2) put up the white flag and accept his offer price, 3) buy off Icahn's stake at a price that gives him a hefty profit. Greenmailing is most successful if the third option is chosen. The Reach NO consortium seem to be betting on the same option. The only difference between the Reach NO consortium and Carl Icahn is that Carl Icahn is basically a one-man show.

If I read correctly all the various reports that I have pieced together from TheEdge, the Star, etc. it would appear that the EGM vote was adjourned after a single proxy representing 154 minority shareholders controlling 208m shares (roughly 20% of eligible voting shares) voted NO It seems to me that nowadays many stock market players with shallow pockets are indeed so savvy that they will group together to form a powerful consortium to defeat majority stakeholders. In this case, it would seem that the said consortium knew very well that the 20% stake held by Reach management is a non-voting bloc given to them free and would be worth nothing if the QA falls through. Even if YES voters and proxies held 75% of the voting shares, based on headcount alone (154 v 72), the QA would have been quashed. Clearly, if Reach Management wants to reap the bonanza from their 20% stake, they would have to either buy up the 208m shares off market through their proxy or allow the price to go up to a level acceptable to the powerful NO consortium in the free market so that the friendly proxy can buy them off.

It seems quite obvious to me that the EGM could only have been adjourned with the unanimous agreement of all present, including the proxy who represented the 208m NO votes (or around 20% of eligible voting shares) that had already been cast. I would not be surprised at all if Reach management and the proxy later have a private meeting to discuss a buyout price for swinging the 208m votes to YES during the next EGM on 10 November. 76 sen, maybe???