Don't fall into the tactic of Pecah and Perintah!
Someone is keen to know your willing selling price and encourage you to meet the offeror individually trying to buyout or create distrust among you.

Please be reminded that any higher promised buying price from the offeror before SCR is illegal unless the offeror openly revise his price to all entitled shareowners.

In AGM, We must ask who will be our new CEO since the post is vacant more than 2 months.

Momoney you can not ask one party to be in moral high ground while pretend another party do nothing wrong.

Momoney.. This is called Unfair but Reasonable. Rules allow it.

This SCR has high possibility of failure. Worm can opened. TY is facing the risk of losing control if a third party launch hostile takeover. many of loyal shareholders will not committed to TY with the way they are treated now.

Since BOD accept RM1.10 SCR, the 30% worry if there is party offer VGO more than RM1.10 which BOD now have no reason to decline such offer and if it goes down to VGO EGM, 30% can not control the outcome...and if...

when someone sell at 0.99, there is another one buy at 0.99

Dumbmoney, You have answered those dumber worry share will drop to 50 cents if SCR failed.

They can come back with VGO.
They can share buy back if price drop to 50 cents.

Or doing share buy back and cancel it. This will increase TY share holding. So never think SCR is the last escape plan.

If SCR fialed, TY can come back with VGO. He can first declare lucrative dividend to decrease NAV and increase his fortune to buy over minority share. In both case, he can use co money to fund his move. So don't too worry if SCR failed.

Who are frightened can leave now, no point trembling for extra 5 to 8 cents for now and a few months on (if SCR success) since they think selling cheaper 10 to 20 cents is acceptable.

I support you to against the reappointment of 2 id.

Dont let them sleep sweet to the bank.

We should question the "Independence" of Independent Director in EGM.

Jamesooi, agreed!

This is not about the procedure. It is about the rational of procedure and timing.

Since independent report will send to all shareholder, i see no reason MAA BOD can have it first hand and delay a few weeks to minority. Do you think this is a fair exercise.?

TA Trader, BOD has accepted the offer which proofed that they had received the report.

My post which was deleted yesterday by admin, you guys pls comment if that's break the rule of this forum as following:

BURSA should make all companies compulsory disclose full report from "Independent" Adviser on all SCR, Privatization, Merger etc since all shareholders pay the fee.

And Like other industry practice, the report must have qualified competent person name and signature.

Bursa why delete my post?

https://m.facebook.com/story.php?story_fbid=2308173379397408&id=100006143041912

Wah Linda, you so greedy. Even Melewar also not think of privatize it at 50 cents.

Hmmm.. Just wonder who buy Linda's 1mil shares today. This guy must be very confident he will get handsome rewards at the cost of RM1. 02

Hi Linda77 Me coincidently own 2mil share. Shall we cancel out each other?

your 2 mil is 0.65% of 90%
mine 2 mil is 7.29% of 10%

My holding is more heavy weight than yours. :) agree?

Some worry whether the share price will slide down if the Melewar's exercise fail.
Some worry whether minority has the power to deny Major shareholder.

Here is the example how minority win against a Malaysia top ten tycoon who own 79% share of the company. And please see how much the share price now compare to the offer price.

https://www.thestar.com.my/business/business-news/2013/02/26/billionaire-queks-takeover-of-hong-leong-capital-hits-a-snag/

Besides Insurance in Philippines, MAA invested in Altech Chemicals for few years of R&D, pilot plant, planning, financing, getting authority approval and so on which does not bring revenue. Now the construction of the HPA plant commence Aug 2018 and expecting start bring in revenue next year or so. Means we can't enjoy the fruit after planting the tree for the last 3 years and so..

Below are the info from Altech Chemicals:

Project Economics
Cash flow modelling of the Project (price of $40/kg) shows a pretax
net present value of USD 1.1 billion applying a discount rate
of 7.5%. The payback period is 2.2 years at full rate and the pretax
internal rate of return is 33%. The Project generates annual
average net free cash of ~USD133 million at full production
(allowing for sustaining capital and before debt servicing and tax),
with an attractive margin on HPA sales of ~74%. Annual sales
revenue is USD180 million applying a conservative FOB sales
price of USD40,000 per tonne of finished product HPA. Total
operating costs, including mining, shipping and chemical
processing are average USD47.3 million per annum or
USD10,500 per tonne of finished product HPA.

Off Take Secured
Altech has executed a 10-year off take sales arrangement with Mitsubishi Corporation’s Australian subsidiary, Mitsubishi
Australia Ltd (Mitsubishi) for production from the Company’s Malaysian HPA plant. The Agreement appoints Mitsubishi as
the exclusive buyer of the HPA from the plant and will commence on the date of first shipment of final HPA product. The
contracted sale quantities will mirror Altech’s proposed HPA plant’s production ramp up.

High Demand Market
HPA is a high-value (USD28,000 – USD40,000 per tonne) high
margin and highly demanded product, as it is the critical ingredient
required for the production of synthetic sapphire and is
increasingly consumed in the manufacture of large format lithiumion
batteries. Synthetic sapphire is used in the manufacture of
substrates for LED lights, semiconductor wafers for the electronics
industry, and scratch-resistant sapphire glass used for wristwatch
faces, optical windows and smartphone components. There is no
substitute for HPA in the manufacture of synthetic sapphire.
Lithium-ion battery manufactures require HPA as a coating for the
plastic anode/cathode separator to reduce separator shrinkage
and combustibility. Global HPA demand is approximately
25,315tpa (2016) and demand is growing at an annual rate of
16.7%.

The major share owner also very headache because needs to call AGM every years.

We can counter offer and take his share at RM1. 15 if he doesn't want to increase offer price.

Another possibility is buy at 60cebts, n sell at rm1 after news announced. If someone is borrowing to speculate, he can make 50% return in 2-3 days.
The same tactics can apply when SCR increase. So double earnings in a privatization case.
So someone is selling not a strange thing.

Since minority is the majority, Why not we form a minority group to counter offer RM1. 15 to buy off Mekewar 36%. I guarantee no a single cent we need to splash out to take over Melewar share.

I feel you, Markus. The points you stress to MSWG is the pain of most minority.
But the biggest bulliest is PNB, the gov own investment body. See recently how they squeeze share price in RI in MNRB and SAPNRG.

dompeilee why you sold in stages? you hold some because you have expectation too?

Good initiative Marcus!

dompeilee, share price hit 90cents now and you have more than 300% return, why you dont sell?
Human nature is really comical !

Since the board of directors not yet decide on the proposal and have appointed Affin Hwang as advisor, means the BOD not yet accept the offer. What we can do is voice out our discontent as loud as possible to make the whole world know. Then the investment bank will not simply put a low figure. If the figure submit to BOD is higher than RM1. 10, BOD cant play to say accept the offer price.

Markus, i m with you!
MAA tangible asset is RM2. 04
RM1.10 is only 10 cents above MAA par value. (now already abolished by stupid marathons Tajjudin)

Anyone here attend AGM? any story from there?

http://www.theedgemarkets.com/article/more-cash-less-control-new-mantra-malaysias-khazanah#.XGTc8UNzOok.facebook

Easy money from price volatile?
MNRB loyalty profit during these these few RI period? Are you sure.......?
Whose easy money? ? ?

Besides know to shout other bodoh, Joetay dont know to explain how MNRB's financial difficult can harm our banking system. Also he dont know to explain why cds fraud. He only know google and read the surface.
And he link Leh bro to MNRB as the role example. Do you know MNRB playing cds? May be syndicate knows more insider info?

Well done syndicate, you have washed the comment board with fake data such as NA/share without factor in the RI volume.

Joetay, after hours of Google, this is what you get?
First of all, did you ask yourself why cds fraud?
Could you explain, according to your theory, why Leh bro, the one start the domino bankrupt not bank of America?

Oh ya, till now you still unable to explain how MNRB financial difficult can harm our banking system.

The insurance requirements not new, it has been announced more than 3 years.

The RI was planned during ex_PNB CEO tenure, he was asked to resigned since PH form gov

There was a subprime leverage crisis in the whole global market that cause the one expose
The most collapse, in the case it was Leh bro. Not because of Leh bro collapsed cause the subprime crisis. You must study the history right.
MNRB is just a rm800 market cap co. It is very small compare to Malaysia financial sector. Unless it take out loan from other bank, can you tell us how it affect other bank if it go burst?

Insurance co can reinsure to oversea reinsurer. With the size of MNRB, it can only take very small portion in Malaysia market, saying its financial stress will harm the whole country financial system is overstatement. Unless it has hidden debt which is very huge.

wow, a market cap of RM800mil co with RM2500mil revenue can shake Malaysia financial system if it is in stress!!! How small Malaysia financial system!!! Wow!! Fantastic!

But who will be MAA CEO?...Hopefully not Tajuddin.

That's mean our CEO is good! And been offered the job to take care all co in Bursa. I did not invest in Bursa because all the time i evaluate Tajuddin not capable to tackle many issues in Bursa. Now Bursa is in my shopping list. YESSSSS!!!