@MrSslee, there's interesting development at MPHBCap where Surin attempts to privatize the Company via SCR which requires 75% acceptance and not more than 10% opposing.
YTL POWER gave Mandatory General Offer (MGO) at RM1.06 for Ranhill Bhd. TA Securities advised shareholders to REJECT the offer.
This suits YTL POWER as they intend to keep RANHILL a listed status.
Similarly, if Thong buys >33% and gain control say at 74.9% of Insas, he too has to offer MGO. Shareholders are unlikely to accept his offer unless it is at RM5.38 per share.
It is win win for Thong and other shareholders as he gains stronger grip of Insas and keeping Insas as Listed status.
WOnder when Thong will execute this strategy? By then Insas will catapult higher on takeover offer
Sources: [1] FMT (2024), YTL Power’s unit acquires 31% stake in Ranhill Utilities for RM405mil, May 28 [2] Market screener (2014) , IOI Corp.Bhd completed the acquisition of Palmco Properties Sdn Bhd from IOI Oleochemical Industries Sdn Bhd., June 30
KUALA LUMPUR: The Securities Commission Malaysia (SC) is expected to launch the Social Exchange, the first of its kind in Asean, by the end of this year, with registration for the exchange slated for the first quarter of 2025, said its chairman Datuk Seri Dr Awang Adek Hussin.
The Social Exchange is a dedicated fundraising platform for projects with positive social outcomes through the mobilisation of private and philanthropy capital in meeting the needs of the underprivileged.
Prime Minister Datuk Seri Anwar Ibrahim announced yesterday two capital market-related initiatives at the GFIEF - the establishment of Malaysia’s first Social Exchange; and the introduction of fundraising for waqf developments through peer-to-peer (P2P) financing and equity crowdfunding (ECF) platforms.
According to Awang Adek, the advisory committee for the establishment of the Social Exchange will be chaired by the SC, with the participation of representatives from the Ministry of Finance and Bursa Malaysia Bhd, along with other relevant parties.
"One of the countries that have actually done this is India, and it runs on their stock exchange, so we will have to explore whether it can be run by Bursa Malaysia here, but that is to be determined on how we want to implement it. One of the objectives of the advisory committee is that once people know that we already have a credible framework, then a lot more people will come to contribute," he said, adding that the SC has also studied the mechanism of India's implementation of its Social Exchange.
?
Bro, let’s play Social Exchange, the first of its kind in Asean, by the end of this year, with registration for the exchange slated for the first quarter of 2025, said its chairman Datuk Seri Dr Awang Adek Hussin.
Banyak Wang untuk ambil. Free money… Wahhhh yahoo. I can play to achieve my goals of becoming a millionaire. Wahhhhhh
Bro, let’s play Social Exchange, the first of its kind in Asean, by the end of this year, with registration for the exchange slated for the first quarter of 2025, said its chairman Datuk Seri Dr Awang Adek Hussin.
Banyak Wang untuk ambil. Free money… Wahhhh yahoo. I can play to achieve my goals of becoming a millionaire. Wahhhhhh
I wish to disclose that after having sold at RM1.11 on 20th May I no longer has any share in Insas. However, I may buy tomorrow or next week or if price falls below RM1 ....... or I may never buy Insas again.
Posted by DreamSorcerer > May 30, 2024 9:47 PM | Report Abuse
Okay, about his thread topic, let's take a close neighbour of ours on the southern edge of Asia, namely Australia.
There were 2,430,400 public sector employees in the month of June 2023 comprising: 350,300 employees in Commonwealth government (including defence force personnel); 1,871,900 in state government; and. 208,200 in local government.
DreamSorcerer 1119 posts Posted by DreamSorcerer > May 30, 2024 9:48 PM | Report Abuse
That means that for a country of only 27 million people, Australia has a per capita public sector staffing ratio of close to 1 per 10 people, which is substantially higher than what he has spouted for Malaysia.
DreamSorcerer 1119 posts Posted by DreamSorcerer > May 30, 2024 9:48 PM | Report Abuse
Ron90:
"while Malaysian include 300k security personnel, but other country even Korea have 500k army. UK civil servant 6 million, France 5.5 million, Germany 4.6 million.. not include their arm forces."
Excellent counterpost from you, dude. Good for calling out some of the BS continually being spewed and spouted by KYY about this country.
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? JohnChew rat 🐀 your UlarSawa AKA DragonSlayer is in i3 now, WHY???
Posted by DreamSorcerer > May 30, 2024 9:47 PM | Report Abuse
Okay, about his thread topic, let's take a close neighbour of ours on the southern edge of Asia, namely Australia.
There were 2,430,400 public sector employees in the month of June 2023 comprising: 350,300 employees in Commonwealth government (including defence force personnel); 1,871,900 in state government; and. 208,200 in local government.
? ? Joh Chew, DreamSorcerer now coming out because UlarSawa is in jail ker…
JohnChew is DreamSorcerer another of your account name? I say that because you don’t admit DreamSorcerer is UlarSawa. That means JohnChew is DreamSorcerer another of your account name. Haha at last I catch JohnChew AKA DreamSorcerer account liawww
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Johnchew5
11,694 posts
Posted by Johnchew5 > 2024-05-28 22:10 |
Post removed.Why?