Something is trying hard to push the price down. Reminds me of the last pre-privatisation stage.
Press down until you cannot tahan and you sell at very low price and suddenly the stock gets suspended. When it is opened, it is priced at very high price. TAK will win no matter how you try to benefit from this stock.
Down n down,then told private it.If drop to 1.00 then suspend.Then announcement private price 1.30.Wow,30% gain from 1.00.Big boss good!This story would be happen? This is bad new for who bought at high price.Shit...
Reason: 1) Government was trying to destroy this company. 2) New competition can come any time. 3) Takeover by Maxis can be painful. 4) Poor last quarter result. 5) Too much uncertainties for any institutions to handle.
SUBSTANTIAL SHAREHOLDERS as at 10 April 2018 (Based on the Register of Substantial Shareholders of the Company) Name Notes Direct Indirect No. of AMH Shares % No. of AMH Shares % Pantai Cahaya Bulan Ventures Sdn Bhd (“PCBV”) 1,077,735,927 20.67 - - Khazanah Nasional Berhad (“Khazanah”) (1) - - 1,077,735,927 20.67 All Asia Media Equities Ltd (“AAME”) 1,013,297,290 19.43 - - Usaha Tegas Entertainment Systems Sdn Bhd (“UTES”) (2) 235,778,182 4.52 1,013,297,290 19.43 Usaha Tegas Sdn Bhd (“UTSB”) (3) - - 1,249,075,472 23.95 Pacific States Investment Limited (“PSIL”) (4) - - 1,249,075,472 23.95 Excorp Holdings N.V. (“Excorp”) (5) - - 1,249,075,472 23.95 PanOcean Management Limited (“PanOcean”) (5) - - 1,249,075,472 23.95 East Asia Broadcast Network Systems N.V. (“EABNS”) 421,939,707 8.09 - - East Asia Broadcast Systems Holdings N.V. (“EABSH”) (6) - - 421,939,707 8.09 Tucson N.V. (“Tucson”) (7) - - 421,939,707 8.09 Ananda Krishnan Tatparanandam (“TAK”) (8) - - 2,133,139,626 40.91 Harapan Terus Sdn Bhd (“HTSB”) (9) - - 462,124,447 8.86 Dato’ Haji Badri bin Haji Masri (“DB”) (10) - - 462,124,447 8.86 Tun Haji Mohammed Hanif bin Omar (“THO”) (10) - - 462,124,447 8.86 Mohamad Shahrin bin Merican (“MSM”) (10) 200,000 0.00* 462,124,447 8.86 Employees Provident Fund Board (“EPF”) (11) 405,960,100 7.79 - -
In 2010, its shareholders including Ananda offered to take the company private for a price of RM4.30 per share.
The company had a market capitalisation of RM8.3bil at that time.
On Oct 19, 2012, Astro was re-listed, minus its overseas assets, as Astro Malaysia Holdings Bhd with an IPO price of RM3 per share. It was reported that this valuation was at a price-to-earnings ratio of 24 times.
The overseas operations included its investments in India, which had not done well.
The company garnered RM4.55bil for its IPO, and was the country’s third-largest IPO in the year behind IHH Healthcare Bhd.
Even without the EPF’s participation in the listing, Astro Malaysia’s IPO attracted fairly strong interest from other institutional investors, who bid for 30 times more stock than they had been allocated.
When it was listed, it was reported that Astro Malaysia had secured 22 cornerstone investors, including tycoon Tan Sri Chua Ma Yu, Kencana Capital Libra Investment Sdn Bhd and Great Eastern Life Assurance.
However, Astro Malaysia’s listing didn’t meet the expectations of the new shareholders when the stock opened with a 1% premium to its IPO price of RM3 a share and closed the day unchanged from the price shareholders had paid.
Apart from Astro, Ananda had previously delisted and relisted other undervalued companies under his stable such as Maxis Bhd and Bumi Armada Bhd.
Bumi Armada was taken private by Ananda in 2003 and re-listed on Bursa Malaysia in 2011 at an IPO price of RM3.03.
Maxis Communications Bhd was privatised in 2007 and relisted three years later minus its overseas operations as Maxis Bhd.
6399 ASTRO ASTRO MALAYSIA HOLDINGS BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
Particulars of Shareholder 36
Name : ANANDA KRISHNAN TATPARANANDAM ("TAK") NRIC/Passport No./Company No. : - Nationality/Country of Incorporation : Malaysia
Address: -
Descriptions (Class and Nominal Value): Ordinary Shares in Astro Malaysia Holdings Berhad ("AMH Shares")
Name and Address of Registered Holder: You are advised to read the entire contents of the announcement orattachment.To read the entire contents of the announcement or attachment,pleaseaccess the Bursa website at http://www.bursamalaysia.com
Details of Changes
Date of Notice : 09/11/2018
Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 08/11/2018 Acquired 500,000 -
Circumstances by reason of which change has occurred: Increase in the number of AMH Shares over which TAK's deemed interest isheld following the acquisition by Mujur Sanjung Sdn Bhd ("MSSB") in the openmarket of 500,000 AMH Shares representing 0.010% of the equity interest inAstro Malaysia Holdings Berhad ("AMH")
Nature of Interest: Deemed Interest
Consideration:
No of Shares Held After Changes: Direct : 0 shares (0.0000%) Indirect/Deemed Interest : 2,151,274,026 shares (41.2570%) Total : 2,151,274,026 shares
Remarks: You are advised to read the entire contents of the announcement orattachment. To read the entire contents of the announcement or attachment,please access the Bursa website at http://www.bursamalaysia.com
good.... khazanah's 20%++ shareholdings in astro wont be sold cheaply if any :)
KUALA LUMPUR (Nov 13): Finance minister Lim Guan Eng has clarified that the government does not plan to sell its non-core assets at fire sale rates, although thre are plans to beef up underperforming assets before putting them up for sale.
total shares issued about 5.2bil... say ananda has 40% already, 60% remaining = 60% x 5.2bil x rm1.5 = about Rm4.6bil only required for privatisation , right? :)
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Posted by Bigriver > 2018-11-12 17:00 | Report Abuse
Drop more pls