Posted by 1431599283521664 > 2019-04-19 13:52 | Report Abuse

lai81533 any more comment from you...

Posted by Kris Wong > 2019-04-19 15:20 | Report Abuse

The nasty & unfair takeover offer by YTL not only killed the interest payable to YTLLand-LA Holders till maturity but also destroyed the convertible time value element of the LA which is supposed to be matured/expired only in October 2021 !!!

Posted by chankp7010 > 2019-07-08 16:00 | Report Abuse

Agreed with Kris Wong. Furthermore, the takeover will destroy the step up interest at higher rate
till end of Oct 2021. The most discouraging to minority interest shareholders is the low take over price of only 28 cents!!!!

Posted by Kris Wong > 2019-07-09 11:03 | Report Abuse

To clarify matters, takeover offer price for the YTLLand-LA is 32 sen (still very low) not 28 sen but the share takeover exchange ratio is 1000 YTLLand-LA to 280 YTLCorp shares resulting in many small shareholders having odd lots problems !!!

Posted by thanaraj > 2019-07-09 22:56 | Report Abuse

I wonder why there are many investors who have expressed their negative comments at the offer by the management to take over YTLLand by YTLCORP

Posted by Kris Wong > 2019-07-12 10:02 | Report Abuse

Why negative comments plus complaints ? Do u know that both YTLand n its LA will soon force to be delisted whereby they cannot be traded anymore ? The only alternative for them to remain tradeable is to swap them cheaply at a ridiculous swap ratio for YTLCorp shares which only benefit mostly the Yeoh family !!!

Posted by Alamak99 > 2019-08-24 10:56 | Report Abuse

Consider this:-

What happens when the Offerors and PAC accepts the ICULS from shareholders of YTL Land ICULS holders?

Do the"Offeror" convert into YTL Land shares or keep as YTL Land ICULS and convert at the end of the exercise (31st Aug)?

ICULS holders will get 280 shares of YTL Corp shares in return for each 1000 YTL Land ICULS.

The Offerors is the YTL Sons & Family Pte Ltd which are also majority shareholders of YTL Corp. The majority shareholders of YTL Corp has sought a resolution from its shareholders of YTLCorp to grant the issue of new shares of YTL Land to new shareholders who has accepted the "Share Swap" offer by the Offerors (which is YTL Sons & Family Pte Ltd and not YTL Corp).

3. Why is YTL Corp issuing new shares to YTL Land ICULS holders. Shouldn't YTL Sons & Family be paying out cash to holders of YTL Land ICULS because they are the Offeror (seeking to increase their holding in YTL Land shares)?

4. Why use YTL Corp to issue new shares to those who accepted the offer by these "Offerors"?
This is like making YTL Sons & Family gain YTL Land shares on the one hand, while it requires YTL Corp to issue new shares, but at whose and what cost?

Posted by Aheng > 2019-08-13 20:03 | Report Abuse

The value of 280 YTL shares today is only RM 280. If YTL share price continues to drop, the value of ICULS will also drop. That's why they don't offer cash. This is to their advantage

Posted by Kris Wong > 2019-08-21 11:46 | Report Abuse

To all Minority ICULS Holders of YTLLand : Please read n note carefully last paragraph of pg 50 of Independent Advice Circular under (cc) for Delisting Application if acceptance >75% but < 90% as under "Exit Offer", there may be a reasonable CASH alternative instead of the lousy share swap. As such, please don't be frightened by the Delisting by accepting the ridiculous poor takeover offer by share swap so that Offeror will not get >90% acceptance n don't sell unnecessary cheaply in Bursa for Offeror to take advantage !!!

Posted by Kris Wong > 2019-04-26 00:26 | Report Abuse

Don't be conned by the 'complicated and confusing' ICULS circular dated 3 October by the Yeoh Offer to accept the ridiculous lousy swap offer as their intention is to help them achieve the 90% acceptance to their advantage. Just ignore it for the time being and get the ICULS latest interest by 1 November. One still has up to 7 January 2020 to make a final decision on the offer whether to accept or reject the offer !!!