Posted by impartialeprosy > 2015-03-04 20:51 | Report Abuse

Hahaha according to Imaprtiality 9.9% of 100M is 3Million. No wander loser

Posted by impartialeprosy > 2015-03-04 20:53 | Report Abuse

Are you sure with your math level you are making money ahh Mr Sorhai

Posted by Icon8888 > 2015-03-04 21:15 | Report Abuse

Impartiality everywhere u go u bring along quarrels and unhappiness

Pity u, what a poor soul

Posted by Icon8888 > 2015-03-04 21:18 | Report Abuse

I think in real life, u probably don't have any friends

Because nobody like your repugnant character

Posted by impartialeprosy > 2015-03-04 21:38 | Report Abuse

He is just a troublemaker

Posted by impartiality > 2015-03-05 09:03 |

Post removed.Why?

Posted by impartiality > 2015-03-05 09:47 |

Post removed.Why?

Posted by impartialeprosy > 2015-03-05 09:57 | Report Abuse

Ya Ya ya ....simple 9% of 100Mil and you still want to insist its 3 Mil. Who do you want to kid? Ppl here can read lor. icon8888 is right ...u just a miserable lonely fella and possibly retard

Posted by impartialeprosy > 2015-03-05 10:08 | Report Abuse

Something wrong with you...Ivory so many critisize you and you want to claim to be right, now here you talk nonsense again.

Posted by impartiality > 2015-03-05 10:17 |

Post removed.Why?

Posted by impartialeprosy > 2015-03-05 10:37 | Report Abuse

That why a loser like you is what you are....condemn and take a bit of wrong info and start rubbish talk

Posted by impartiality > 2015-03-05 11:12 |

Post removed.Why?

Posted by impartialeprosy > 2015-03-05 15:27 | Report Abuse

If absolutely correct and you cunt show....who is the cunt.....hahaha

Posted by impartialeprosy > 2015-03-05 15:29 | Report Abuse

I m asking you to show the absolute write up and show me 3 Mil shrs fr Sime to E&O and you can't but throw obscenity here. What u trying to proof.if you want to show you are a bigger cunt head then you are and hand down lor

Posted by impartialeprosy > 2015-03-05 15:35 | Report Abuse

If you show the exact, I will not only shut up I will leave this forum but if you cunt show the actual, pls call yourself a cunt head and leave ok? So easy to stop all this just show and I will shut the fck up otherwise you bow and say sorry. Even that easy also you cunt do....you better shoot yourself

Posted by impartiality > 2015-03-05 16:07 |

Post removed.Why?

Posted by impartiality > 2015-03-05 16:09 | Report Abuse

http://www.theedgeproperty.com/news-a-views/12636-sime-darby-sells-eao-shares-back-to-tham-.html

Posted by impartialeprosy > 2015-03-05 18:19 | Report Abuse

Yellow Sorhai Impartiality, I am posting the whole write up here...where does it say Sime sold 3 Milion shrs to Terry?????? They sold 9.9% or 110Mil shr....learn to read properly or maybe you are illiterate. So stupid this fella post his own stupidity here and still want to argue what is clearly stated. Really a stupid fck. So you admit you cannot read the difference between 110 Million and 3 Million?


Sime Darby sells E&O shares back to Tham
Print
By Charlotte Chong of theedgemalaysia.com
Thursday, 29 May 2014 14:23 Bookmark and Share
KUALA LUMPUR: While the memory of Sime Darby Bhd paying a hefty premium for a 30% stake in Eastern & Oriental Bhd (E&O) is still fresh in investors’ minds, the conglomerate yesterday announced that it intends to sell a 9.9% stake back to E&O managing director Datuk Terry Tham Ka Hon at RM2.90 per share — which is 26% higher than the price it paid three years ago.

Sime Darby explained that the proposed disposal would “further align the interests of Tham and key senior personnel with that of E&O”.

It is learnt that the share sale aims to retain senior management to continue managing and charting E&O’s strategy over the years, said sources, adding that this move was taken to prevent the property firm from falling into the same situation S P Setia Bhd is in now.

Many senior executives in S P Setia, including Tan Sri Liew Kee Sin, left the company following Permodalan Nasional Bhd’s (PNB) acquisition of a 48.76% stake in the property group. Liew, who helmed the group for years, left after he sold his entire stake to PNB.

Tham was among three parties who had collectively sold a 30% equity interest in E&O to Sime Darby for RM766 million. Tham sold a 12.2% stake then. The other two were Tan Sri Wan Azmi Wan Hamzah and Singapore-based GK Goh Holdings Ltd.

Following the disposal, Tham was left with a 5.1% stake in E&O, Wan Azmi 2.9% and GK Goh 3.5% in E&O. GK Goh has raised its stake to 7.25% later.

In a filing with Bursa Malaysia yesterday, Sime Darby said its wholly-owned subsidiary, Sime Darby Nominees Sdn Bhd (SDN), has entered into a conditional share sale agreement with Tham’s private vehicle, Morning Crest Sdn Bhd, to sell 110 million or a 9.9% stake in E&O for RM319 million.

Following the proposed disposal, Sime Darby’s equity interest in E&O will be pared down to 22%.

It noted that the total cash consideration of RM319 million or RM2.90 per share that it is offering to Morning Crest was RM56 million higher than Sime Darby’s average cost of investment of RM250 million. In other words, the conglomerate could make a return on investment of 28%.

The offer of RM2.90 per share is at a premium of 21.8% from yesterday’s closing price of RM2.38.

After having considered all aspects of the proposed disposal, Sime Darby is of the view that the deal is “reasonable” taking into consideration the premium over the prevailing market stock price of E&O.

Sime Darby said the sale securities were acquired between 2011 and 2013 and the carrying amount of the sale securities as at June 30, 2013 was about RM263 million, which is worth RM2.39 per E&O share.

The pricing of the shares at RM2.30 each, which was a huge 59% premium to the E&O share price at that time, had raised eyebrows

The share sales had sparked debate whether it was tantamount to a related party transaction and whether Sime Darby should undertake a mandatory general offer for E&O.

However, the Securities Commission Malaysia (SC) ruled that it found no collusion between Sime Darby and E&O’s Tham with regard to the deal.

“It is the SC’s findings that Sime Darby and Datuk Terry Tham Ka Hon are not parties acting in concert, and as such, a mandatory offer obligation would not arise,” Sime Darby told Bursa in an announcement dated Oct 11, 2011.


This article first appeared in The Edge Financial Daily, on May 29, 2014.


TheEdgeProperty.com welcomes your views.
Please login or register as a new member to post your comments. Registration is FREE

JComments
^ Back to top

Posted by Icon8888 > 2015-03-05 18:26 | Report Abuse

Sold 3 million shares ? Come on lah. Use your brain.

Posted by impartialeprosy > 2015-03-05 18:27 | Report Abuse

The below Impartiality posted the 3Million shr he allege sold to Terry by Sime. Where is the 3Million? There is 110 Million but where is the 3Million ....3 million and 110 Million a lot of difference you know. Fcking dumb ass is so stupid his mother cunt recognise him...hahahaha

Impartiality
Stock: [E&O]: EASTERN & ORIENTAL BHD
Jan 30, 2015 12:07 PM | Report Abuse

Sime sold the 3M back to TT because they have genuine concerns about his ability to manage the company due to huge amount of time he spends in London. His misadventure into London will prove more costly than ever. The europe economy has not bottomed out and the contagion from the Greek Exit will cause more chaos than ever. UK is a matured economy with minimal GDP growth anyway. GDP has not grown above 2 percent since the Lehmann collapse anyway

Posted by Icon8888 > 2015-03-05 20:52 | Report Abuse

where is that idiot ? he hasn't responded yet

Posted by impartialeprosy > 2015-03-05 21:04 | Report Abuse

How to respond? All cut and paste proof there and somemore the proof is his own link he provided and shooting himself on the foot. Hahahaha

Posted by Icon8888 > 2015-03-05 21:41 | Report Abuse

Some more he thought he damn elite. Said graduated from Ivy League, got powerful friends

Ha ha

Posted by impartialeprosy > 2015-03-05 23:16 | Report Abuse

You mean he is Jho Low?? Hahaha

Posted by Icon8888 > 2015-03-06 07:13 | Report Abuse

He said all those nonsense in ivory thread

Posted by impartiality > 2015-03-06 08:57 |

Post removed.Why?

Posted by impartiality > 2015-03-06 09:00 |

Post removed.Why?

Posted by Icon8888 > 2015-03-06 09:13 | Report Abuse

To be honest, ivory is lousy

I admit that

Thanks to your opinion, I have sold off

Posted by Icon8888 > 2015-03-06 09:14 | Report Abuse

In investment, sometime I will make mistakes

This is only natural for I am a human being

Posted by Icon8888 > 2015-03-06 09:16 | Report Abuse

But please give some thoughts on how u handle relationship with others

Throwing vicious abuses at others won't do u any good

U have zero EQ

That is why I said I pity u

Ha ha

Posted by impartialeprosy > 2015-03-06 09:19 | Report Abuse

Impartiality are you denying that you posted the 3Mil shr trasfer by Sime to TT in your own words? I think you are sick and in denial.

Posted by impartiality > 2015-03-06 09:25 |

Post removed.Why?

Posted by impartiality > 2015-03-06 09:28 | Report Abuse

Icon 00 who is the one with zero EQ? Anyone with even an EQ score one wouldnt be a busy body and intervene in something that has nothing to do with u

Posted by impartialeprosy > 2015-03-06 09:31 | Report Abuse

hahahaha......there is no 3Mil shr sale and the cacat bugger Impartiality change the story now.

Posted by Icon8888 > 2015-03-06 09:36 | Report Abuse

Real cacat ! Now try to twist the story !!

Posted by impartialeprosy > 2015-03-06 09:42 | Report Abuse

Nevermind as we know impartiality takes little information he knows and make big story. We know his info not reliable. But we give him a chance if all stock bad, what is his stock pick ? Enlighten us to learn ur stock pick.

Posted by impartiality > 2015-03-06 09:47 | Report Abuse

this share sale involves 9.9% of share cap. It is a material story not small story . Do you know what material information is? At least we all know that Mr leprosy is only good that making a mockery of himself by questioning black and white corporate exercise which are widely publicized and annouced. He does not even understand what share capital is. he is good for nothing when it comes to equities

Posted by impartialeprosy > 2015-03-06 09:52 | Report Abuse

Nevermind if you cannot read properly or in denial but can you pick stocks. If can tell us, if cannot then you are really useless in the market place. You talk 3 Mil we entertain , but you cannot proof instead you are talking 110Mil you are talking material information, shr cap....????? Got or not stock pick or just plain useless cacat?

Posted by impartiality > 2015-03-06 10:18 | Report Abuse

What about someone who cannot read at all Mr leprosy? The share sale was all too plain for everyone to see and you are still denying it . What were you taught in school? You are neither read or click on a simple link. The 100mil was already proven. You are really mentally ill by disputing that again. Who can trust your stock pick? you cannot even read uselsss bugger

Posted by impartialeprosy > 2015-03-06 10:29 | Report Abuse

Ok u r useless then useless cacat who denies posting his own comment. No guts to uphold his own argument, can't choose stock but critisize.

Posted by impartialeprosy > 2015-03-06 10:32 | Report Abuse

We don't argue with ppl who doent their own posting becoz that suggest they don't know what they r talking abt.

Posted by impartialeprosy > 2015-03-06 10:33 | Report Abuse

Those deny their own posting is basically not confident

Posted by LanciaoImpartiality > 2015-03-06 10:37 |

Post removed.Why?

Posted by LanciaoImpartiality > 2015-03-06 10:38 |

Post removed.Why?

Posted by LanciaoImpartiality > 2015-03-06 10:45 |

Post removed.Why?

Posted by LanciaoImpartiality > 2015-03-06 10:47 |

Post removed.Why?

Posted by LanciaoImpartiality > 2015-03-06 10:48 | Report Abuse

See 1 time beat 1 time

Posted by LanciaoImpartiality > 2015-03-06 11:05 |

Post removed.Why?

Posted by LanciaoImpartiality > 2015-03-06 13:18 | Report Abuse

Don't come here or Ivory or Front....I will wait for you

Posted by LanciaoImpartiality > 2015-03-06 14:18 |

Post removed.Why?