Posted by Goh123 > 2022-07-27 14:16 | Report Abuse

all approved!!!! waiting date for dividend/capital repayment

Posted by Goh123 > 2022-07-27 14:16 | Report Abuse

buy buy buy

Posted by Jimmy Lim > 2022-07-27 16:19 | Report Abuse

be careful the cunning fox, masuk perangkap nanti…

Posted by Goh123 > 2022-07-28 17:52 | Report Abuse

like something gonna be happen......still running...
change all in boardroom

Posted by Kaya Toast > 2022-07-28 19:45 | Report Abuse

New director appointment, Ms Ng, law expert in property space is promising. Hope mandate for her is to develop/unlock land and commercial properties value..

Posted by Kaya Toast > 2022-07-28 19:46 | Report Abuse

If they convert those idle to productive assets, price at 1.47 is a huge bargain

Posted by dompeilee > 2022-07-29 11:01 | Report Abuse

This boss has major credibility deficit lol

Posted by Goh123 > 2022-07-29 18:02 | Report Abuse

why capital repayment want high court approve?

Posted by TheContrarian > 2022-07-30 01:03 | Report Abuse

If pay out as special dividend then no need high court approval. Delaying tactic lah.

Posted by Goh123 > 2022-07-30 08:39 | Report Abuse

special dividend need bnm approval but capital repayment need high court as approved right ?

Posted by speakup > 2022-07-30 09:57 | Report Abuse

formality

Posted by chkhooju > 2022-07-31 21:55 | Report Abuse

How long will it take to get the High Court's green light?

Posted by Goh123 > 2022-07-31 22:36 | Report Abuse

half years in guess in Malaysia

Posted by Johnzhang > 2022-08-01 07:13 | Report Abuse

In EGM, the timeline was presented. Payment of capital reduction in mid November.

Posted by Johnzhang > 2022-08-01 07:17 | Report Abuse

@TheContrarian, to maintain listing status, I understand that certain ratio of revenue/paid up capital need to be complied . I think the capital reduction is trying to meet this requirement.

Posted by dompeilee > 2022-08-01 09:42 | Report Abuse

The sellers are more eager than I would like for a stock that is about to pay out 45c...

Posted by markgold > 2022-08-01 18:31 | Report Abuse

Retained earnings is just an accounting entry. It is not mean money hide inside the Company.

Posted by Goh123 > 2022-08-01 18:50 | Report Abuse

waiting another announcement for selling amount to entry to the company

Posted by TheContrarian > 2022-08-01 18:59 | Report Abuse

@JohnZhang, not aware of that.

Posted by Goh123 > 2022-08-03 15:50 | Report Abuse

t comfirn got approval from high court...take some time

Posted by Goh123 > 2022-08-04 19:24 | Report Abuse

nothing happen

Posted by Goh123 > 2022-08-09 12:38 | Report Abuse

hahahaha foqn trend

Posted by Goh123 > 2022-08-09 12:38 | Report Abuse

down

Posted by Goh123 > 2022-08-11 13:45 | Report Abuse

if u switch to another counter also die

Posted by chkhooju > 2022-08-11 14:28 | Report Abuse

Goh123, you are right. Better park your money here, and be safe. It's just a matter of time that we will receive our dues.

Posted by speakup > 2022-08-12 09:22 | Report Abuse

if u like mphbcap, another counter similar to mphbcap which is cash & asset rich is KSENG
KSENG is also good chance privatise

Posted by Goh123 > 2022-08-12 12:57 | Report Abuse

no need too worry about privatization....rm450 capital repayment and dividend first

Posted by Goh123 > 2022-08-15 17:44 | Report Abuse

first try break out rm1.48

Posted by Goh123 > 2022-08-16 13:06 | Report Abuse

otw sell

Posted by Goh123 > 2022-08-18 13:26 | Report Abuse

sell sell no hope liao

Posted by Johnzhang > 2022-08-18 16:24 | Report Abuse

@Goh, didn’t you notice someone is collecting the shares upto $1.50 in recent week?

Posted by Johnzhang > 2022-08-18 18:31 | Report Abuse

@endgame, I don’t think there will be limit up day. Someone is patiently taking up the ticket from the impatient minorities.

Posted by Johnzhang > 2022-08-19 08:38 | Report Abuse

Surin , thru casi and mwe holds 262 mil share or 36.6%. The remaining 453 mil shares are owned by family members, directors and senior Mgt, friends and other non related minorities.

A buy out offer at $2.00 (after capital repayment of 40 sen ) shall only cost $906 mil.

Posted by Kaya Toast > 2022-08-19 11:38 | Report Abuse

Things will get more exciting once condition to SPA fulfilled and completed. Bank Negara disallow an individual holding more than 5% of aggregate shares of a license insurance. I guess this could be the reason 2020 SA unable to buy the dip if he has intention to privatise.

In order for him to make any move, the sales has to be completed asap.

Posted by Kaya Toast > 2022-08-19 12:51 | Report Abuse

Wow, youwin, the moment you said it, immediately MPHB made an announcement Bursa rejected the waiver.

Posted by Johnzhang > 2022-08-19 13:13 | Report Abuse

As stated in Section 6.1 of the Circular, MPHB plans to submit a waiver application to Bursa Malaysia Securities Berhad (“Bursa Securities”) to exempt the Company from being classified as an “Affected Listed Corporation” as a result of the Proposed Disposal. In this respect, MPHB had on 4 July 2022 submitted the said waiver application to Bursa Securities.



On behalf of MPHB, AmInvestment Bank wishes to announce that Bursa Securities had vide its letter dated 18 August 2022 rejected the waiver application to exempt MPHB from being classified as an “Affected Listed Issuer” pursuant to Paragraph 8.03A(2) of the Listing Requirements.

Posted by Goh123 > 2022-08-19 13:15 | Report Abuse

dont worry the company can extend..

Posted by Johnzhang > 2022-08-19 13:16 | Report Abuse

Youwin is very sharp !
With this , privatization is imminent. Just my opinion. Not a buy call.

Posted by Johnzhang > 2022-08-19 13:44 | Report Abuse

The management/SA has no interest to undertake new business or transforming the company despite huge cash hoard . They simply want to eventually take the company private at huge discounts to its real worth. It’s that simple.

Posted by Goh123 > 24 minutes ago | Report Abuse

dont worry the company can extend..

Posted by Goh123 > 2022-08-19 14:38 | Report Abuse

noted and understand

Posted by Goh123 > 2022-08-19 14:39 | Report Abuse

rm2.20 i feel if take privatization

Posted by Hafid > 2022-08-19 14:48 | Report Abuse

In addition, as disclosed in the Section 7 of this IAL with regards to the listing status of
MPHB, we wish to highlight that the Proposed Disposal may result in the Company to be
classified as an “Affected Listed Corporation” under Paragraph 8.03A of the Listing
Requirements. However, the Company intends to submit a waiver application to Bursa
Securities to exempt the Company from being classified as an “Affected Listed
Corporation” as a result of the Proposed Disposal on the basis that the Group’s property
business is sizeable and sustainable, the waiver application is subject to Bursa Securities’
approval. In the event the waiver application to exempt the Company from being deemed
as “Affected Listed Corporation” is not approved by Bursa Securities or if the Company
is unable to regularise its financial conditions/operations in accordance with the Listing
Requirements, there is a risk that the trading of MPHB Shares may be suspended and the
Company may be de-listed from the Main Market of Bursa Securities.

Posted by Goh123 > 2022-08-19 14:52 | Report Abuse

pn 17. soon

Posted by Johnzhang > 2022-08-19 14:59 | Report Abuse

@Hafid, I think SA won’t like to see many hundreds of shareholders in his private company which is cash and asset rich .

Posted by Kaya Toast > 2022-08-19 15:36 | Report Abuse

Among the major Thai's national shareholder accumulated since 2013-2021, I remember I saw one is a old man in fancy big car,
also some was on boat fishing with SA, those days Facebook privacy not stringent..

Close network with privilege info hold the share so long for only rm2 - rm2.4 exit feels like "SA, I believe in you for 10 yes only for 100% gain?"

I only wish SA feel the pressure to answer to his old friends ...

Posted by Kaya Toast > 2022-08-19 19:09 | Report Abuse

Yay!! SPA conditions all MET!!!

Posted by Johnzhang > 2022-08-20 07:17 | Report Abuse

Repost with corrections .

Posted by Johnzhang > 7 hours ago | Report Abuse

Per AR 30/6/2022,
(A). Asset held for sales $2,842,732,000 (which I think only the insurance unit as a whole)

(B). Liability directly associated with assets held for sales $1,678,662,000

(C). Minority interest $611 mil

(D). Gain on disposal $170 mil which can only be credited upon completion of the sale.


Nett to MPHB after completion = A-B-C+D = $723 mil which will constitute cash and investment securities.

On top of this $723 mil derived from insurance discountinution ,there are still about $434 mil cash and near cash assets showed in current asset less the payables.

Therefore, total cash and near cash assets =$723mil + $434 mil = $1,158 mil !!!

Even after the proposed capital repayment of 40 sen costing $286 mil, there is still whooping ($1,158mil -$256 mil) = $872 mil in the books.

Posted by Johnzhang > 2022-08-20 07:26 | Report Abuse

Surin , thru casi and mwe holds 262 mil share or 36.6%. The remaining 453 mil shares are owned by family members, directors and senior Mgt, friends and other non related minorities.

The $872 mil mentioned in earlier post is enough to buy out all minorities at $1.92 per share (ie after capital reduction of 40sen). And SA takes all the multiple $billion properties.

Just for discussion purposes.

Posted by Johnzhang > 2022-08-20 07:28 | Report Abuse

It’s a done deal . Money in the pocket! Hahaha…

Posted by Kaya Toast > 12 hours ago | Report Abuse

Yay!! SPA conditions all MET!!!

Posted by Goh123 > 2022-08-20 08:18 | Report Abuse

if after capital repayment and didvend give out..sa will no do the privatization