Posted by JKing > 2014-01-06 15:27 | Report Abuse

no sure it is the Tangjung Malim land with DRBhicom or privatization. look like the later has high possible as they suspense the counter to ensure that mkt price is lower than the offer price. of which the offer price should not be higher than 4.50.

if the offer price is below RM6.50 i will buy all the way and vote against the privatisation as the RNA is at least RM7.00 with revised NTA of RM10 given a 30% margin as a property developer.

let's see what it is in the anoouncement.

Posted by houseofordos > 2014-01-06 15:30 | Report Abuse

notice that maju perak has been moving as well....

Posted by HC Lee > 2014-01-06 16:52 | Report Abuse

Closing time still dun want to make announcement. They must have done it on purpose. Better hold on to your shares tomorrow unless opening price is real attractive. With NTA above $5 and a deep water port on hand, price shd minimally be $5 if there is privatisation.

Posted by rchi > 2014-01-06 18:06 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1509201

Posted by JKing > 2014-01-06 18:16 | Report Abuse

perak government think we are idiot. want to private at 3.90, they must be dreaming.

Posted by cgtan2020 > 2014-01-06 18:20 | Report Abuse

Pui 3.90 only.

Posted by houseofordos > 2014-01-06 18:26 | Report Abuse

why is it called selective capital reduction instead of privatization...

Posted by HC Lee > 2014-01-06 18:45 | Report Abuse

Big disappointment. Someone trying to steal the company for a song. There's just too many valuable productive assets with the company and now some smart alec thinks they will be able to take the company private for themselves. Lawan tetap lawan...

Posted by calvin > 2014-01-06 18:48 | Report Abuse

to confuse.... any ppl can explain.....tq

Posted by HC Lee > 2014-01-06 18:52 | Report Abuse

I strongly believe the politicians are behind this privatisation knowing that Perak may fall to PR and there will not be any more opportunity to take over the company assets...just watch and see what they do after the privatisation.

Posted by uang > 2014-01-06 18:58 | Report Abuse

to make it simple, they are gonna offer you RM3.90 per share, then privatize PRKCORP

Posted by uang > 2014-01-06 18:59 | Report Abuse

all shareholders must unit, attend the EGM and reject the SCR!

Posted by uang > 2014-01-06 18:59 | Report Abuse

*unite

Posted by HC Lee > 2014-01-06 19:13 | Report Abuse

They offer $3.90 and once they managed to privatise, they will break down the assets...one take over the port ( we all know who is monopolising the ports ), one take over the theme park and one take over the property assets. Seems like its grab what you can before the fall of the empire.

Posted by uang > 2014-01-06 20:06 | Report Abuse

Prkcorp shareholders, vote by yourself if can, you may nominate your right to others, but you would not be sure if they will really vote against the privatization..

Jking, i am sorry i am just telling the truth

Posted by JKing > 2014-01-06 20:57 | Report Abuse

in the nominee form you can fill up your decision. all you need is to sent me a copy so that i can assure that is counted in the egm.

Posted by cgtan2020 > 2014-01-06 21:53 | Report Abuse

PRKCorp stake in Integrax alone worth RM106,518,696.00

Posted by prc4wifefe > 2014-01-06 21:59 | Report Abuse

If one of the analyst say not fair....or nanyang say not fair...hosay liao

Posted by uang > 2014-01-06 21:59 | Report Abuse

Jking, thanks for the info. Never had experience in nominating vote right, very sorry.. lets see when is the egm first, the offer is too low!!

Posted by HC Lee > 2014-01-06 22:14 | Report Abuse

cgtan...that's why i think it's pure robbery. They are trying to take it cheap. When the announcement was delayed until after the closing bell, it shows that they are not transparent and do not want to give shareholders sufficient time to think it over.

Posted by HC Lee > 2014-01-06 22:20 | Report Abuse

Just like MISC...if the shareholders dun give it, the price will overshoot the offer price. Unite for a better price.

Posted by houseofordos > 2014-01-06 22:21 | Report Abuse

http://www.theedgemalaysia.com/features/163645-sc-bursa-plug-privatisation-loophole.html

Something I found about SCR. Basically they need 75% approval before they can privatize as what JKing mentioned. Hey JKing, saw your name in top 30 shareholder 2012 AR.

Posted by houseofordos > 2014-01-06 22:29 | Report Abuse

yup offer is definitely too low for such an asset rich company... furthermore they are having very healthy free cash flow every year due to their port operations.

A quick look at valuations of the other port operators based on an analysis on Alliance shows that the offer price is on the low side of the Price/Book.....

http://klse.i3investor.com/files/my/ptres/res19642.pdf

Posted by JKing > 2014-01-06 23:45 | Report Abuse

houseofordos - i am not that rich to be top 30 shareholder.

Posted by houseofordos > 2014-01-06 23:49 | Report Abuse

Jking, though I saw someone in top 30 with your initials, perhaps just a coincidence :)

Posted by tjhldg > 2014-01-06 23:55 | Report Abuse

pls bring together your adik beradik michael jackson

Posted by prc4wifefe > 2014-01-07 08:16 | Report Abuse

before SCR they should ask a re-evaluation of their properties, assests...

Posted by prc4wifefe > 2014-01-07 08:17 | Report Abuse

best action buy to send the price roket up :-)

Posted by cgtan2020 > 2014-01-07 09:25 | Report Abuse

buying for SCR!!!

Posted by JKing > 2014-01-07 09:28 | Report Abuse

it is just 7% from 3.65 to 3.90, should buy and get the max value of prkcorp at leas at rm6.

Posted by cgtan2020 > 2014-01-07 09:40 | Report Abuse

JKing i got hold some at very low cost. Anyone want to push it beyond 3.90?

Posted by multi530 > 2014-01-07 09:44 | Report Abuse

Mun Hong,

Ha ha Research House will advise :"unfair but reasonable"

Posted by cgtan2020 > 2014-01-07 10:05 | Report Abuse

1 CIMB Group Nominees (Tempatan) Sdn Bhd
CIMB Bank Bhd for Perbadanan Kemajuan Negeri Perak (CBD-NR-PERAKCB) 51,506,250 51.51
2 Sime Darby Property Berhad 6,125,000 6.13
3 KAF Trustee Berhad
KAF Fund Management Sdn Bhd for KAF Seagroatt & Campbell Berhad 4,378,000 4.38
4 DB (Malaysia) Nominee (Asing) Sdn Bhd
Deutsche Bank Ag Singapore for Horizon Growth Fund N.V. 3,116,600 3.12
5 HLB Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Chee Sai Mun 2,014,000 2.01
6 Lim Pei Tiam @ Liam Ahat Kiat 808,000 0.81
7 Kenanga Nominees (Asing) Sdn Bhd
Cantal Capital Inc. 800,000 0.80
8 Perbadanan Kemajuan Negeri Perak 765,003 0.76
9 RHB Capital Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Teh Kian Lang (CEB) 612,500 0.61
10 Public Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Chee Sai Mun (E-KLC) 560,100 0.56


Top 10 shareholder from FY2012 Annual report

Posted by zizoudoremi > 2014-01-07 16:08 | Report Abuse

I guess most of the investor think that they able to get higher return than 7-8% in few months time... lol

Posted by kingleecha > 2014-01-07 16:15 | Report Abuse

It's just a rumour..the mamnagement board dont decide it yet.

Posted by lwalk > 2014-01-07 18:38 | Report Abuse

proposed and announced: http://www.theedgemalaysia.com/business-news/270339-hot-stock-perak-corp-jumps-7-on-privatisation.html

Posted by iafx > 2014-01-08 09:27 | Report Abuse

3.9 traded at 3.6x, free 20+c ppl also don't want? :D :D

Posted by cgtan2020 > 2014-01-08 10:55 | Report Abuse

see Ireka SCR.

Posted by HC Lee > 2014-01-08 10:59 | Report Abuse

Anyone wants to make 7-8% returns in 3 months time with low risk!!! Prkcorp is your counter.

Posted by iafx > 2014-01-08 11:02 | Report Abuse

basically zero risk as prkcorp is so rich, cannot compare to ireka at all. only 3.9 seems low

Posted by cgtan2020 > 2014-01-08 11:17 | Report Abuse

ireka is trade above SCR price

Posted by denver > 2014-01-08 11:40 | Report Abuse

Hi, would like to ask roughly how long will it take for the EGM to be held? Thanks.

Posted by HC Lee > 2014-01-08 12:24 | Report Abuse

denver..take Ireka as example...propose mid June and only got SC approval this week ! EGM still not held yet.You can look up at other SCR and determine roughly how long it will be.

Posted by iafx > 2014-01-08 12:31 | Report Abuse

one thing for sure far far better than FD, even wait 1 year :D :D consider the position/who of the major stakeholders, likely they will speed it up rather than slow it down

Posted by denver > 2014-01-08 13:04 | Report Abuse

HCLee, thanks for the info. That's taking a long time

Posted by upsidedown119 > 2014-01-08 13:11 | Report Abuse

They offered a capital reduction buy-back at 23% below the NTA to effectively take over PCORP?! This is a loop-hole in the take-over code. Later-on, they can relist again at effectively 1000% more!

Posted by HC Lee > 2014-01-08 14:21 | Report Abuse

denver..i think there are other scr taking much shorter time. The board will have to deliberate first and then calling for an egm will requires at least 3 weeks notice.

Posted by HC Lee > 2014-01-08 14:29 | Report Abuse

Integra price has been shooting up a lot lately...at 3.90 it is an insult to the minority shareholders especially for a profitable co. REJECT the scr.

Posted by cgtan2020 > 2014-01-08 16:42 | Report Abuse

anyway to complaint to MSWG?

Posted by JKing > 2014-01-08 19:06 | Report Abuse

no way as they are doing within the regulation. all we can is vote and block the deal.