If I not mistaken, the M&A Act provides YTL will need to get agreement from 90% of us as minority shareholders in order to successful trigger mandatory acquisition all remaining shares in YTLE.Shall we united? =)
Yes, don't let the majority take advantage of us. Share out the risks at the initial period using our hard earned money and take it private at half or more than half of what we paid initially when it is time to enjoy the fruit. Especially when they jack up the price of YTL from around 1.50 to 1.68 to further squeeze you!
I think the point would be YTLE is the ultimate owner of the spectrum which is crucial for a telco to ensure competitiveness and business sustainability (pls ref. latest spectrum refarming news in malaysia). However, this is also an issue that YTL provide limited information the stakeholder and keep mouth tight on based on various interview conducted by newswires.
joelim17, I am shocked that bursa did not ask and that YTL has not provided what is obviously material information. I concur with your view that this offer grossly undervalued YTLE. In fact, the latest copy of The Edge painted the same picture as well.
We as minority shareholder maybe could seek Minority Shareholder Watchdog Group (MSWG) advice and assistance.Anyone know how to approach MSWG?Do they accept case proactively?(www.mswg.org.my)
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davidkkw79
5,068 posts
Posted by davidkkw79 > 2016-07-30 21:18 | Report Abuse
Not fair, but What u can do ?