No transfer, automatically acquired by Company and cancelled. RM1.70 per share will be directly credited to your bank account or a cheque mailed to you.
The High Court has fixed a hearing date for the Intervening Application on 3 December 2024. The hearing date for the petition to obtain the High Court Order can only be determined once the High Court has provided its ruling in respect of the Intervening Application.
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Sometimes i dont understand how greedy some ppl can be. Privatisation 1.70, but they still dont want to sell at 1.67 or 1.68. Hold just for 2 or 3 sen more! Bodoh giler! now privatisation in doubt. share price may drop back to rm1.
Don't quite understand those who post comments into this forum. the privatisation is held up simple because ISM S/B filed an intervening application against MPHB on grounds that the proposed privatisation will affect its rights on the current on-going dispute or claims. it has nothing to do with rejecting the proposal. At worst, the privatisation will be delayed and the price of RM1.70 shall prevail.
because it was smart money play before the announcement. 1.79% within 2 months, annualized interest = 10.74%. better than putting your money in FD. if u say u don't put FD doesn't mean old man don't save money in FD, other people don't put their short term money in FD. and there was no rejection case of privatization by high court after shareholder approval, so it was assumed safe play until yesterday's announcement come out
people here is just to create panic. normal lah. see past comment u will know same guy at first ask to reject resolution but then ask to approve resolution
Ha ha....this is NOT a liquidation or winding-up exercise....this is just a case of privatising a PLC into Sdn Bhd...the company still exist as an entity. Wonder...how would it affects the plaintiff?
This is an application by a company to object the process due to dispute with MPHB. The court will decide whether is this application is reasonable , if not then will be rejected.
On behalf of the Board, Maybank IB wishes to announce that the High Court has, on 18 December 2024, decided to dismiss the Intervening Application. Accordingly, ISM has not been permitted to intervene in respect of the petition to the High Court to obtain an order by the High Court to confirm the Proposed SCR (“Petition”). The High Court has fixed 6 January 2025 as the hearing date for the Petition.
6 September 2024 EGM for the Proposed SCR Announcement on outcome of the EGM
Early September 2024 Filing of application to seek confirmation from the High Court for the reduction of the issued share capital of our Company in accordance with section 116 of the Act
Mid October 2024 Grant of the High Court Order expected Announcement of grant of the High Court Order Announcement of the Entitlement Date Announcement of the notice of suspension of trading of MPHB Shares
End October 2024 Entitlement Date Lodgement of an office copy of the High Court Order with the Registrar of Companies Announcement of the Effective Date
Early November 2024 Settlement of the SCR Offer Price Completion
Mid November 2024 De-listing of our Company from the Official List
Revised Timing Event January 2025 Announcement of the entitlement date in respect of the SCR Announcement of the notice of suspension of trading of MPHB Shares Entitlement date in respect of the SCR Lodgement Announcement of the Effective Date Settlement of the SCR Offer Price Completion of the SCR
February 2025 De-listing of the Company from the Official List of Bursa Malaysia Securities Berhad
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....
IanQ
122 posts
Posted by IanQ > 2024-09-18 17:09 | Report Abuse
Hi. Does anyone know when mphb cap will issue the letter to all shareholders with the details of how to transfer the shares for 1.70? And when? Tqvm