MULPHA stake at Mudajaya is 22%. Fairfax already reach ~21%. What will happen when Fairfax bypass largest shareholder? Will MULPHA sell whole stake to Fairfax? Then, no need Right issue?

TPY never sold Iretex, Asdion and Nexgram. He just transferred all shares to his bro proving he's a long term stakeholder not speculator as what the Edge reporting.

it's scary. Fried AAX from 0.15 to 0.30 already. Don't tell me the music chair stops at myr0.50

yes-MULPHA is too under-valued...I guess it will be privatised sooner or later due to lousy price by market who never appreciate it somehow

MULPHA declare MYR160 Million profit for whole 2015… its an amazing result again during economy downturn
Total interest payment is myr113 Million for 2015.
If MULPHA can get better lower interest rate or reduce loans…
Profit will be SUPER…profit reduced by myr113 Million due to high interest cost
thus, the right issue to reduce loan is paramount

hope the new strategic shareholder can bring Nexgram to glory. I guess its Alice Tey. he he

The expected gain to the Mulpha group arising from the disposal of the LFC Lands based on the carrying value of RM16,612,586 as at 31 December 2014 (latest audited financial statement) and:

(a) the Base Land Price of RM312,677,210 is RM296,064,624;

(b) the maximum value consideration of RM499,861,480 is RM483,248,894.

Pak last day as PM was on 2009. It has been 7 years long wait before we see this counter awaken back as a dragon. Han Yi Fan Shan

Many minority shareholders burnout on SCOMI since Pak Lah's left as PM. Now, Pak Lah's counters are coming back fast, furious. Hurray! HIDUP PAK LAH

I'm bought all scomi, scomies, scomien....hope IJM takes over all 3 companies altogether

Just top up scomi energy..... I believe IJM has the capacity, expertise, vision to take over & TURNAROUND all scomi & related son co.

I Know Scomi energy is the crown jewel. we want to save directors cost. I notice SAME directors with fat salary sitting at all companies. don't you think its duplication fat salary?

What if IJM is most greedy? IJM takes over all SCOMI, SCOMI energy & SCOMI ENG.? then, it can put all under same common IJM directors-save on management cost?

this is great to scomi. let's see which party call or announce the 1st shot of MGO 33% to be the king?

this is what I observe- SCOMI is holding company with controlling share power most likely to be delisted after MGO. Normally, only subsidiaries public listed. This is to avoid public scrutiny of keep changing internal controlling shareholders & directors which is a NORM nowadays-it gives a bad perception with no stability when its public listed. Market prefer stability

will IJM privatise SCOMI by increasing stake to MGO threshold 33.0%? Can we contemplate SCOMI as a GLC now with IJM's bail out? Will Pak Lah's son fight back with buying as many as possible at myr0.18- 50% lower than IJM?

its so weird a veteran CEO with such impressive long list of ahievement in CV but produce below expectation or yet to prove outstanding results. will APTEC really realised eventually or remain an elusive dream?

Thank you Calvin for the hardwork for sharing with us. yes-still holding tight MPCORP till now

AirAsia debt is 13 billion. AAX debt is 1.2 billion. This debt is worse than MULPHA. but, no one do this comparison. the main weakness of Mulpha is very poor public relations, brand building versus AA. Airasia is very successful because of strong branding. MULPHA keep proving profit results with growth expansion into Australia, the largest builder with largest acreage lands in Australia. No other local developers can match this feat-no even Ecoworld, SPSetia, UEMS.

will CKP regret his decision to void the o&g contract by now? O&G is bouncing back so fast & furious now. even KULIM just finalised the o&g deal concession at higher price than what TPY offer. I believe TPY will find a new buyer for the Acheh concession & reactivate this industry. I still believe TPY is innocent with no evil intention

SHELL predict strong crude oil price recovery within 1-2 years. Thus, cash out now from refinery is the best timing.

its not politics alone which will kill off local car industry. its TPPA with intense competition from toyota japan with no further protection...malaysia car industry is doom with this cabinet approval on tppa last week

Now, oil & gas industry on the way back to alive. is CKP going to regret earlier decision by void the S&P contract with deposit refund? if TPY can find alternative buyer for acheh o&g concession, I believe he'll be able to clear his name instantly. many predict o&g revival in next 6 months. KULIM is also targeting similar offshore oil investment in Acheh....Another way to solve this problem is by injecting this asset into nexgram if crude oil price really back to recovery

Alice Tey=TPY who's shorting own shares now. he he. just kidding

No one is indispensable. we can appoint Alice replacing TPY as I mention many times. if TPY hire Alice earlier as in-house lawyer, he wont be in today's kepala sakit due to legal blind.

so now, we can gauge the picture very clearly. its a trap due to own stupidity

but, if TPY is just a substantial shareholder of Protasco with NO director's position in it, will there be any legal violation?

thank you very much our lawyer, Alice for your clarification.

This same largest shareholder with Tan Sri title do investment banking, property & arrange the own deal for themselves-save cost. is it this waiver only for Tan Sri but not for small fry with fraud allegation?

Dear Alice, is there any bursa saham law prohibiting directors of public listed co. from involving in advisory business or arrange the M&A deal for own company? Is there any conflict of interest? I noticed few co. also have this advisory, investment business besides their core business. its not only Nexgram in this telan mati bapa, luah mati emak' position.

as investment banker, I guess one should hire strong lawyer like Alice in all S&P contract. we should thank you Alice who's willing to guide us with all law, legality at FOC. Alice is this forum's law representative who's willing to response promptly. Any legal doubt, can refer to Alice at FOC. no need hiring outside lawyer. he he

anyway, I'm still holding tight believing on TPY's innocence. TPY is 问心无愧 - as a business advisory man acting like investment banker

this deal never materialised with buyer's initiative. How to expect TPY to pay balance to herman/ benny when deal never really closed or extension with PERTAMINA never done? assets may under TPY's name but are dormant with inactivity as long as Herman/ Benny not assist of extension. if TPY manage to find another buyer, I believe this deal can be reactivated. TPY still need both of them for extension for sure with balance payment to them

Herman, Benny relationship with TPY is like chicken & egg story.
should I pay them after the deal with buyer closed, extension o&g with pertamina accomplished? or should I pay them instantly regardless of any deal close? since buyer's already void, are we expecting tpy to proceed with INR18Billion/ MYR5.3m?

1. so now, there are two unanswered question: how TPY managed to forge doc, cheat co. from Herman, Benny? 2. PT Innovisi is public listed co. with limited liability? if yes, only burn shareholders not directors with fat salary 3. Can we really trust Benny, Herman police report as based on your above script, looks like mafia than law abiding gentleman, use proper lawsuit if you're confident absolutely right

I thought pt inovisi infracom is a public listed co.,? even if close shop, only innocent shareholders like us burn. No personal lost by directors to bankruptcy suit since public listed co. with limited liability?

which bank grant bank guarantor status to Jerry Djajasaputra so easily? I thought banker will weigh our credit profile to become bank guarantor.

the key word is nominee. many Chinese businessman also got sleepy Bumiputra nominee as per govt. rules, regulations also. is this means all Chinese towkay are crooks with evil intention?

dear Alice, you should change career from lawyer to Hollywood movie director with your hidden talents of scripting...just kidding..

My Dear Alice, till now still don't know how TPY forge sign of Herman, Benny, & stole company as claimed....really want to learn how to do this MacGyver job to become rich ma.

Its very obvious now that Herman, Benny & PERTAMINA who can the real kingmakers who can throw the spanner into this deal

quote***

After tey and ooi legally gained full control of fas and haseba, then they should file application to renew the contract to pertamina, which at pertamina sole discretion may or may not grant it as the original contract has lapsed since 2013.

herman and benny: these two fellows police report, claims? reliable info? so easy can cheat by forging. really want to learn how...

anyone also can make police report, claiming this & that. can we really buy herman and benny claim? what if TPY prove otherwise

forging sign also can cheat shares from herman and benny's wa, so easy? how? can we really buy in these two fellows' claim? I want to lean how

then, you start asking WHY tey and ooi dont want to honour their agreement with herman koswara and benny tjokro. TPY will disclose to us why? TPY surely has strong reason.

In india, high court also simply cancel off hundreds of TELCO license. Are you going to sue India High court with suka suka change rules? many businessman suffer due to this suku suka rule change

pls bear in mind we're dealing with PERTAMINA who may change rules, regulations at last minute as they wish. are you expecting TPY pay for extension cost which is much higher than discounted deal with CKP? I believe its this extension issue which cause CKP piss off le. TPY also trying this best but political hurdles causing today's problem le

still not convincing. what if TPY can come up with proof that its PERTAMINA's discretionary not to extend for certain reason which also reject TPY's request, application to extend? you cant simply assume that its TPY which deliberately not to extend to void?

business circle up, down is normal. its the timing which makes big difference. 2ndly, last time, people also argue PKFZ is an white elephant project, but today many SME set up at this area & the market land price also rising up after so many years., somehow being politicised.

next 6months-1 year, if oil & gas market dramatically recover, will CKP regret again by voiding, lapsing the contract with complicated legal suit? I still feel this deal is not really a bad decision with high recovery potential, somehow U-turn at last minute. I believe TPY also has no evil intention believing on this industry upside. many predict oil & gas industry recovery very very soon