If someone wants to buy KBunai, this Chen would surely demand for over 15 sen a share. Now he is only able to offer 5 sen a share to small investors. He is really savvy. All of us must learn from him.
Posted by calvintaneng > May 12, 2015 04:30 PM | Report Abuse Wahaha! 16 million queue to buy at 6.5 cents Only 760 lots left at 7 cents. Soon all will be taken. Only 8 days left to 11MP Announcement from tomorrow. Go Go KBoooom Wang Tunai!
Show, I about to off the computer. Just one last post The 52 weeks low of Kbunai is 5.5 cents and the high was 10.5 cents. So 6.5 cents is now very low.
With The Coming Fresh Announcement on NEXUS KARAMBUNAI Look forward to a powerful upside. Just buy. Hold tight. AND WAIT FOR 11MP ANNOUNCEMENT. You are bound to win. Question is. How much?
I suggest that more people write in to SCM to complain on the unfair offer. Below is the reply I just received fr SCM. They responded very fast, I emailed my complaint on last Fri & they replied today.
We refer to you email below and thank you for your comment. We will look into the matter and take the necessary action should there be any breach of the securities laws. For any further clarification or if you have any further information to be submitted, please do not hesitate to contact our officers at 03-62048999. Thank you. Regards,
Investor Affairs & Complaints Securities Commission Malaysia
ha ha ha huiii!!! huiii!!! huiii!!! - so now we will have to wait & see... are all the shareholders stronger or this Gaming tycoon Tan Sri Dr Chen Lip Keong is stronger lah... ha ha ha huiii!!! huiii!!! huiii!!!
Our Calvin Tan from Singapore should lead the COMPLAINT to our SC because he is a Singaporean.... if the deal can eventually go thru that also mean our Foreigner from Singapore and all his sincere follow Semua Sekali Sudah Habis & Mati Lemas lah... ha ha ha huiii!!! huiii!!! huiii!!!
I have written to the SCM to complain , I think we should all do that. Have you all been to Karambunai ? Yes its now in need of refurbishing, better upkeep and maintenance.....but its a "Moon ROck"in the rough......and even in its present dilapidated state its full of Chinese tourists So.......5 cents per share.......really ????????? So lets hold on and see how far he is willing to go.
Karambunai should be taken over at NTA price or par value of the share or else other companies will follow this dirty method of pressing down the price to dirt low and then take it private. Securities commission should not approve this unfair takeover deal. But we should not expect too much as justice and integrity are sometimes too weak to fight with rich people.
It's all manipulation by big player. How on earth a 5 star hotel shares listed on main board can be so cheap, even a goreng pisang worth more than 7 kbunai shares! Thanks to pvjsabah, jt888 and those who took the trouble and efforts to write and highlight this unfair issue to SCM. Will SCM take action is another story.
word on the ground is they have big plans for Nexus......bigger then.. 5 star hotel next door.........that explains it......... don't sell....... or make them pay more.....
2. CONDITIONS OF THE OFFER The Offer is not conditional upon any minimum level of acceptances of the Offer Shares as the Offeror already holds more than 50.00% of the voting shares in KCB. The Offeror currently holds 68.46% of the voting shares in KCB. However, the Offer is subject to consents being obtained from the following parties:- a. Securities Commission Malaysia ("SC"), for its consent for the issuance of the Offer Document; and b. Any other relevant parties, if required. Further details on the Offer are set out in the enclosed Notice.
While KYY tells all to chase hot stocks at peak prices (later all fell over the cliff) Calvin tells all to scrap the bottom for the cheapest forsaken shares that nobody want.
Last time I bought Perak Corp at 60 cts, Pm Corp at 7.5 cts & Jaks at 39 cts
Calvin, please advise why do you think Kbunai is still a good bet and why do you think the MGO won't go thru. BTW, have you also written in to SCM in support of those who have invested at a much higher price ?
If all hold tight your kbunai shares facbind boss cannot get mgo as he needs 90 per cent to take it private. If more shareholders oppose it privatisation will fail.
See, for my kulim and tmakmur shares we will vote for privatisation as offers are 60 per cent and 30 per cent above quoted value.
So we must vote for those who care for shareholders and at the same time vote against those unfair companies.
last time i bought harrison at rm1.40 and indon boss wanted to take it private. after one peter guy from usa got 10 percent threshold privatised was aborted.
Hi all, I just spoke with an Investor Affair & Complaint officer of SCM - her name is Illa Ainaa (Tel : 03-62048999). She said she has referred the case to their Takeover & Merger dept for further investigation . She also said she will provide update once the T&M dept reverts with their findings.
In the past, there were cases such as this Kbunai case that had been stopped but there were also some that were approved even though it was unfair to the minority shareholders. All were evaluated on case by case basis.
I hope more people will write in to SCM to highlight & complain about this unfair deal or call SCM at 03-62048999 (Invester Affair & Complaint) / 03-62048000 (General Line).
I called them yesterday too....... thank you jt888 for the number........recd the same reply. at least it can be said we did put up a valiant front....:-) :-) :-)
It is advisable that more investors will send emails to Securities Commission Malaysia or call them to highlight this unfair deal, so that they will take this case seriously. TQ!
Saya Suyatno Tri Kurniawan sangat sangat berterimah kasi sama bapak mbah sugeng nonci kemarin malam tepatnya ttanggal 18 mei 2016 kembali kasi pada saya petunjuk angka tembus katanya di pasaran togel hongkon 4 angka yang di kasi sama saya yaitu 7306 alhamdulillah saya sangat bersukur menang lagi meski cuma menang tidak banyak hanya ada 4 lembar aja.maklum juga modal untuk pasang angkanya tidak ada.inipun cuma uang jajan anak saya pakai untuk pasang angkanya.tapi walau cuma menag sedikit cuma ada 4 lembar saya suda senang.karna sedikit demi sedikit saya bisa tutupi hutang hutang keluarga saya,dan bisa bantu untuk kebutuhan sehari hari di keluarga saya.saya suda 2 kali menang angka undian togel itu semua dari hasil petunjuk dari bapak mbah sugeng nonci.jadi kalau masnya ada minat barang kali lewat petunjuk beliai maksudnya bapak mbah sugeng nonci.kita sebagai orang kecil yang cuma bekerja berpenghasilan hanya cukup untuk kebutuhan sehari hari bisa juga merasakan hidup yang baik seperti orang lain,meski jalanya dengan main judi undian togel yang di haramkan oleh agama dan dilarang oleh hukum .kalau mau ini nomor beliau bapak mbah sugeng nonci 085 217 134 666 semoga bliau juga berkenan mau kasi petunjuknya sama seperti saya suda 2 kali dikasi petunjuk angka togel yang bisa keluar dan mendapa kemenangan
It's very clear that from the offer document that "YOU DO NOT NEED TO TAKE ANY ACTION IF YOU DECIDE NOT TO ACCEPT THE OFFER" Read section 5.1 & 5.2, and be a dissenting shareholders and let the offeror to invoke the provision to compulsory acquisition. Just my personal opinion.
Compulsory acquisition can only be invoked if offeror hits 90% ownership. However, if offeror hits more than 75% ownership the listing status of the Company is been threatened, meaning it can be delisted.
Aiyo! Why waste time to convince SC? SC will not interfere lah. We shareholders must decide accept or not. Nama pun offer kan. If we like we accept, if not don't accept. Wait for advice circular then decide accordingly.
The offeror could easily acquire shares from the market so to hold 75%. Why is that the offeror invoke "take over" which incur RHBIB consultation fees? Why emphasis strongly that the offeror does not intend to maintain listing status?
How to prevent unjust gobbling up of Kbunai precious shares
1) Write to SC and request for a Revaluation of KBunai assets to determine True Value.
2) Then we should ask for a fair price commensurate with the ACTUAL VALUE. It should be 10 cents to 20 cents a share
3) Buy up all KBunai at 4.5 cts & even 5 cts if you have the extra cash.
4) Hold shares tightly and don't let it go.
5) Go to EGM and voice out strong protest until the media report it
6) If all work together - privatisation could be called off.
7) Last time the Indonesian Boss wanted to take Harrison private at only Rm1.30. Then one Peter from USA bought and bought until he got 10% Harrison shares - thus MGO for privatisation was aborted. MGO is only triggered automatically if major holder has more than 90% shares.
Harrison later doubled in price to over Rm3.00
Regards,
Calvin
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Posted by prudentinvestor > 2016-04-29 10:21 | Report Abuse
If someone wants to buy KBunai, this Chen would surely demand for over 15 sen a share. Now he is only able to offer 5 sen a share to small investors. He is really savvy. All of us must learn from him.