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Also... to email to Lembaga Tabung Haji..



Concerned Puncak minorities are encouraged to email to SC... BursaMalaysia... MSWG... the following draft with or without modification.....





Dear Sir

I am a minority shareholder of Puncak Niaga Bhd (Puncak).


I would like to bring to SC attention potentlial corporate governance shortcomings in Puncak's recently announced proposed acquisition of TRIplc Bhd (TRIplc), a related party transaction (RPT).


TRIplc is a related company of Puncak as both have Tan Sri Rozali (Interested Party) as the major shareholder.


I would to highlight to SC that a company by the name PEB has been set up by Interested Party to effectively privatise the listed TRIplc which have a market price at RM 1.90 at the LPD (even way lower prior) and the unlisted TRIplc is then to be sold to Puncak at RM 3.04 immediately. The unlisted TRIplc is 100% the same, in fact, is just the privatised listed TRIplc.


A company's fair value is not just all about its figures only. There are risks/concerns/factors which are non monetary and the market will price it accordingly taking these risks/concerns/factors into account.


I comment SC efforts in making BursaMalaysia a well established, well regulated open market where willing buyers willing sellers can take part in fair price discovery after taking all rewards/risks/concerns/factors into account. I believe this is also the basis for the mark-to-market policy.



PEB has the effect of getting around and circumventing the above.




In this regard, I would like to seek SC guidance on the following:



- Is this RPT at much higher than the market price fair to Puncak minorities?

Puncak minorities who want exposure on TRIplc can certainly buy TRIplc at RM 1.90 in BursaMalaysia. No need to buy at RM 3.04.

The Interested Party by all means should take TRIplc private with his personal resources if he thinks it is undervalued.



- Is PEB not against the whole purpose of having BursaMalaysia?

Circumventing a fair market price determined by a well established, a well regulated open market where willing buyers willing sellers take part on fair price discovery, freely, is just not right in relation to what BursaMalaysia and SC stand for.


- Puncak minorities are worried that they will be defeated by voting by proxies even though it is understood they have the right to vote against the RPT.

This is a real concern as the use of PEB itself clearly demonstrated that established rules have not been followed.

This concern also has manifested itself in Puncak's low share price at around RM 0.90 when it has cash in hand per share above RM 2 and NTA per share above RM 3.



Thanking you in advance.

.

Will draft something and paste later...

Kahhoeng

r°Moi like like your capital repayment request....

Just in case SC does not interfere to that extent better put in an alternative request

Kahhoeng..


Add on...


For TRIplc RPT... on using PEB... to privatise TRIplc with a market price of less than 1.90.... and sell it to PUNCAK at 3.04 immediately..... making a mockery... of open market mechanism of price discovery... this is the domain of SC


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Rosali.... has blurred the boundary... totally.... Puncaks property... called wisma rosali


Rosali... you cannot use Puncaks money... to bail out your own investment in TRIplc

Rosali... you cannot use Puncaks money... to bail out your own investment in TRIplc

Rosali... you cannot use Puncaks money... to bail out your own investment in TRIplc

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No need to requisite to discuss in the AGM

TRIplc RPT to be decided in a special EGM

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Idiot... has been conditioned by rosali... totally... up a bit only.... so so happy

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Great

The simple question r°Moi will ask rosali.....


IF IT IS NOT A RPT... WHICH YOU BENEFIT IMMERSELY... WILL YOU PAY 3.04 FOR AN UNLISTED TRIPLC.... WHEN THE LISTED TRIPLC IS ONLY 1.90??

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C46... with liquidity... with longevity... by Macquarie... r°Moi cup of tea

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All of you had given rosali a freehand

Big tragedy....

High time for all of you to intervene...



Email SC MSWG...


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Big Deutsche + small shorties... got to have their pound of fresh.... no less


When big Deutsche + small shorties... say bye bye... indication to buy...

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Done three.. now that is persistency

Others..... just hoping miracle will be

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Shame on you.........

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Not much difference from people who were :successful" due to 1mdb...


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Be very clear... your success your pride in your "successful" investment in TRIplc... is wholly based on rosali being sneaky.... and at the expense of PUNCAKs minorities....

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kahhoeng... you wrote to which PIC in SC?





To SC... easy... just an email only


Will focus on TRIplc RPT... on using PEB... to privatise TRIplc with a market price of less than 1.90.... and sell it to PUNCAK at 3.04 immediately..... making a mockery... of open market mechanism of price discovery...

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Best outcome... quick go down... quick rebound

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HaHa.. possibily.. small GMT + big shorties > big Deutsche + small shorties


Small shorties employ big Deutsche?


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Best outcome... quick go down... quick rebound

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To defend.. got the will the money.. Tony?

What is the purpose of Deutsche?

Down to this level...... shorties made money already?

14 days missed... 15m missed... kinda disproportionate?

yfchong

Expert???

HaHaHa... far from it..... more like bullshxt



Anyway..... let r°Moi stir it up a bit ...



14 days = about 15m... 1 quarter = about 90m.? what is the accuracy?


Up in inventories... can be all in WIP.... far from ready.... if missed XMas no merry...


Gated and guarded by many.... FLB.. only mr k can make it scary....?

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STC


Was talking about a lifetimes once or twice... opportunistic buy

When ones and the PBBs and the shorties and the stars aligned....


Possibility if there is follow thru by Deutsch Bank and its allies

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1.70......... 1.50 only....... with margin of safety?

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Bottom line.... how much lower before it is a firm buy?

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Those FBB.......... you can quote the J vs J in Indon too..... by what to do?


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Next in the chain to fall....... those facing margin calls?


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Deja vu???


If it is gonna be a repeat of history...

Watch the big buy Qs at 2.16 2.15 suspiciously....




Now... better study the workings of PBB and shorties...

Then... to rely on AirAsia fundamentally



Previously... collapse in oil prices saved Tony

This time what will it be??


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Do not get carried away with your own AirAsia TP


The ones that count are the FBBs.....



Good 4Q16 is the last hurray is history for FBB??



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Damn complicated already... now also shorties... watch em closely...

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AirAsia... previously... didnt do go up slowly... gapped up quickly


Gap has to be filled eventually?


More scary.... it has changed fundamentally?

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r°Moi was lazy... now OT... taken a look and see

Ship never turned up exactly.... increase in inventories...

k.... put in some money... into FLB... lots of sifusssss guarantee

Posted by r°Moi > Jan 4, 2017 01:47 PM | Report Abuse X

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AirAsia also being gamed by shorties....

Any will any money to defend Tony??

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Just 14 days... impact rather big?

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Walao.. Tony

Luckily.. no more elderly uncles and aunties... only cari makan kaki..

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AirAsia also being gamed by shorties....

Any will any money to defend Tony??

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Tony.... needs money.... for his PP.... ...

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Walau...............

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Ya ya ya.. but others just harping on load factor

No no no... point is... be mindful of the load factor calculation..

Once the leases come under AAC... IAA PAA XAA YAA ZAA all AA must pay promptly..... no more long credit term already.... cash flow ready??

Be mindful of the load factor... if a plane is grounded.... it is not counted for load factor purpose...

So you can have a load factor of 90%... with 5 planes shaking legs idling at the tarmac....

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Transfer of capital commitment to AAC.. is debatable if a good thingy..

But definitely same cant be said of the PP and the special divvy...

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Ok kahhoeng will do too


To SC... easy... just an email only


Will focus on TRIplc RPT... on using PEB... to privatise TRIplc with a market price of less than 1.90.... and sell it to PUNCAK at 3.00 immediately..... making a mockery... of open market mechanism of price discovery...

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Worst still... using other peoples money... to make a mockery... of the MTM policy...


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Kahhoeng

Count r°Moi in



To update SC... your earlier worry... has become reality... using PEB... on the TRIplc RPT... rosali... has made a mockery... of the mark to market (MTM) policy..

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Precisely... OLH has lost his credibility... due to his RPT.... nobody... wants to put money into his companies...

rosali should avoid RPT..

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With the terms offered so favorably... everybody... also wants to do RPT.... not just you only....


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