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 YouWin > 2022-08-18 11:54 | Report Abuse

If the sale completion is before 30sep,third quarter will be very good , fourth quarter we will be able to glimpse a bit at how the remaining business doing and all the cash is doing

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 YouWin > 2022-08-18 18:52 | Report Abuse

Left hand and right hand acting ongoing for now,btw estimate completion date is early August or early October?I think they messed up the date.

Posted by YouWin > 2022-08-18 18:56 | Report Abuse

Low-level typo error

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 YouWin > 2022-08-19 12:20 | Report Abuse

I'm anticipating a special dividend this 4th quarter(discontinued business turn into all CASH), not just dividend,a special one please

Posted by YouWin > 2022-08-19 12:31 | Report Abuse

You want privatization to happen faster then you better pray hard that bursa reject it exemption application

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 YouWin > 2022-08-19 15:09 | Report Abuse

FOR REEEEAAAALLL.... hahaha

Posted by YouWin > 2022-08-19 15:10 | Report Abuse

I didn't even know they already submitted the waiver application...ha

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

Ok, next Monday MPHBCAP trading suspension pending announcement(privatization) ,pray.

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 YouWin > 2022-08-19 17:25 | Report Abuse

There were no announcement make about the waiver on 4jul2022,the management is slow in everything but they are sure very keen on knowing about the listing status,I thought they will only submit the waiver after the sale completion

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

Yay!! SPA conditions all MET!!!

Posted by YouWin > 2022-08-19 20:01 | Report Abuse

Nice, they will declare the completion in next 5 BUSINESS days.

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

Posted by YouWin > 2022-08-20 08:37 | Report Abuse

Let see how management reply to the waiver rejection, there should be an announcement maybe in next week whether they gonna appeal or accept it and try to improve it business in 1 year time frame

Posted by YouWin > 2022-08-20 08:58 | Report Abuse

Go watch nylex and iwcity deal with the affected listed issuer

Posted by YouWin > 2022-08-20 09:05 | Report Abuse

I think they might go with nylex, just do announcement every month about it discussion with a developer to jv it land in tempoyak

Posted by speakup > 2022-08-20 09:14 | Report Abuse

next week can buy?

Posted by YouWin > 2022-08-20 09:14 | Report Abuse

Even if the JV talk success,I think it's still not enough to lift it affected listed issuer status.

Posted by speakup > 2022-08-20 09:18 | Report Abuse

next week, last chance to reenter ?

Posted by YouWin > 2022-08-20 09:19 | Report Abuse

I think next week is so many announcement week ,but the one that I'm waiting for is the high court approval on the 45cent

Posted by speakup > 2022-08-20 09:21 | Report Abuse

1.50 good entry ?

Posted by speakup > 2022-08-20 09:31 | Report Abuse

sptoto is for sale.
surin should use mphbcap money buy sptoto, merge it with his magnum to become gaming giant

Posted by Goh123 > 2022-08-20 10:24 | Report Abuse

yea. many announcement come out every week from now

Posted by Goh123 > 2022-08-20 10:24 | Report Abuse

all is good news

Posted by Goh123 > 2022-08-20 10:26 | Report Abuse

boh boi boh liao 1.50

Posted by YouWin > 2022-08-20 12:46 | Report Abuse

After they sold it business, most of the company will at least say they are looking for new business, but this company only wanna grow it remaining business, holding up almost billion of cash with just 2 hotel and a plaza and a credit company (giving out secured loan of 130m) to manage is ridiculous

Posted by YouWin > 2022-08-20 12:54 | Report Abuse

People list their company to raise funds to grow it company, but why this company still wanna stay listed,so cash rich already, hopefully boss give out a privatize price of more than RM2,no mwe history repeat

Posted by Goh123 > 2022-08-20 13:10 | Report Abuse

after giving didvend and capital repayment they won't take private

Posted by Kaya Toast > 2022-08-20 15:11 | Report Abuse

Like John Zhang said, SA will be uncomfortable if there are take over attempt with glaring undervalued properties and cash.

Right now MPHB is protected by central bank, any attempt to hold aggregate 5% / 10% need MOF approval. After SPA completion, they no longer a financial holding company, technically AFTER spa, Generali holding co can buy 66% mphb shares not own by SA, the cash and undervalued assets will allow them to recoup entire purchase consideration paid for insurance.

Alternative scenario, is Johor powerful figure wanted Pengerang land, buy up 66% of share..take over control, approve selling of Pengerang land.. merely paying RM1.5 per share now can share 66% of total Pengerang land that worth few billions

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

There are many threats to SA’s interest . Some naughty political figures and their proxy may be eyeing the huge pile of cash and vast track of valuable landbanks. You know what I mean if you read the background of the company in older days .
Taking the company and assets private ,off the radar of public, will serve the long term interest of SA.