The independent advisor the acquisition was fair even though the assets are acquired at RNAV. Most of the property stocks, including big caps, are trading below RNAV.
i illustrate this moment this second , all syndicate feeling , they are depress , don't estimated the power of 螞蟻 , it will flooded whole floor , let the syndicate suffer hard pain , all dirty tactic disappear in air .hahahhaha, is too nice hearing .
I hope everybody don't just talk. Make sure you attend the egm and vote against it. If you cannot attend, send in your proxy form to the chairman of the meeting and indicate your vote against all resolutions. At the same time, those who can attend, please get more proxies, turn out in full force and show our strength and displeasure at the scheme of things. I have collected many proxies and will continue to gather more.
i confident , your value proxies in hand , can terminated the DARK shadow in everybody mind , let the mind clear and fresh , last see the UNITED POWER ROOF .
i see the correct attitude in this stock , is not the managerial , but the existing shareholder , they all are not blind , some more is very united , is a very solid team , power roof until can collapse the solid wall , preserve the different compare other , which i salute fullest , mother finger thumb UP , even UP , respect to ULTIMATE LEVEL , flag UP to crucial point .
The most pressing matter of the moment , accumulated the proxies , let it be bulk form , mountain it , accumulated until last day before the EGM , i think should be flooded the entrant door EGM , let the monitor man declare fail on the proposal , steal motive stream up . hahahha
Please make sure the completed proxy formsssssss be available at the Registered Office 24 hours before EGM (i.e. 13Mar, 5pm) ! And the shareholder must be in the Record of Depositors as at 9 March 2017 (i.e you must buy the shares before 7 March). Please VOTE AGAINST the resolution and be highlighted in all the media. SHOW them the power of minority.
Any of you have connection to the Lembaga Tabung Haji and EPF ? Both of them hold 4.43% and 1.62% respectively. Must present the case to them and advise them to vote against the resolution to protect the RAKYAT fund !
IT IS VERY SILLY TO VOTE AGAINST IT , I think EPF and LTH will vote in favor of the resolutions..the best strategy for retailers to do is vote in favor and prepare money to subscribe and apply for excess shares
I agree that it is not fair to minorities. I too would advise to vote AGAINST all resolutions.
Why must L&G buy from Mayland at RNAV? Given current property market condition L&G can buy landbank/properties from other parties at a good discount below RNAV.
Mayland probably knows many minorities can't take up the rights issue, so it appears to be the perfect time for them to either dispose their assets at good price or dilute minority shareholdings for their own benefit.
With L&G's strong balance sheet, I believe minorities would have been happier if they geared up or took on borrowings.
The ulterior motive of RI is not to raise fund but to discourage minority shareholders from taking up the right, so major shareholder Mayland can increase her stake to above 50% through taking up the unsubscribed right issue left by minority shareholders through excess application..now the choice is yours ....in fact, Mayland has done it once in 2013 during right issue of LA..
do not forget...L&G has more 20 thousand shareholders
Mayland should understand the unhappiness of minorities.
Imagine if we could turn the table around and ask them to undetake a mandatory offer on L&G at RNAV or even at book value of 63.92 sen. Then see how they would feel.
Come to think about it, Mayland is big enough to privatise L&G. They should do that then they can do whatever they want with L&G - RPT, inject properties, etc
PRO and CON at the same time , I think the influence is quite ridiculous , weird things maybe happen , only final result , winner beside which party , 50 vs 50 match , nice movies .
monitor man since set a trick for your to enter , full force your , is difficult to fight back , with return fierce savage teeth back , foreseen is a hard fight , WAR start .
Actually,the proposal is just a ploy to enable the major shareholder to privatise easily later knowing that many shareholders will not exercise due to lack of financial n market uncertainty The major shareholder will sapu all the unexercised shares. So we all abort the proposal if we want the share to got up. Let the major shareholder buy from open market.
dear friends and fellow minority shareholders of L&G, don't be fooled by the interim dividend of 2 sen. the management gives you only 2 sen and rob you 10 times with the rights issue. every year they give us 2 sen dividend, this is just repeating the annual dividend, declared a bit earlier, just to show how "generous" they are. Don't think we are idiots!!! remember, with 500m cash, placed in FD @ 3.5% will give 17.5M interest, enough to declare 2 sen dividend. Not the management's efforts!!!@#@##@@ please reject the proposed resolutions at the egm
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khatulistiwa1234
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Posted by khatulistiwa1234 > 2017-03-07 19:41 | Report Abuse
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