Posted by cariyoyo > 2 months ago | Report Abuse

good that the notion has been carried through. consider swift logistics

Posted by cariyoyo > 2 months ago | Report Abuse

good that the notion has been carried through. consider swift logistics

Posted by Lukey_Greek > 2 months ago | Report Abuse

The results show total 549 disinterested shareholders voted FOR vs 104 voted AGAINST. I saw only about 100+ shareholders turned up for the EGM. 🤔

Posted by GeniusInvestor > 2 months ago | Report Abuse

Most minority shareholder complain the valuation is too low, unfair,... keep question management and UOB Kay H got doing their job or not. I think got ppls asking dividend, but no answer from management as too many question too ask.. Also no body asking either there is 2nd SCR if this SCR fail.

Posted by TheContrarian > 2 months ago | Report Abuse

Posted by Lukey_Greek > 14 minutes ago | Report Abuse

The results show total 549 disinterested shareholders voted FOR vs 104 voted AGAINST. I saw only about 100+ shareholders turned up for the EGM. 🤔

~~~ Voting by proxy.

Posted by TheContrarian > 2 months ago | Report Abuse

The 100+ who turned up voted No. The 500+ who voted Yes voted by proxy.

Posted by TheContrarian > 2 months ago | Report Abuse

In conclusion opposing shareholders numbered only 100+ and was short of the required 40 million shares to successfully oppose the SCR.

Posted by GeniusInvestor > 2 months ago | Report Abuse

Lukey, There is Proxy shareholders it doesn't meen 100 ppls attend the EGM, then the total vote of 100 ppls only.. .. like me I represent 10 shareholder. lol

Posted by ajkeat > 2 months ago | Report Abuse

everything is over,I am the guy who question the management ,the James guy from UOB,to me,its quite a set up case and they just simply answer for the sake of answer,I personally think its a waste of time to attend this EGM,anyway I still want to take this opportunity to extend my appreciation to Johnzhang for his invaluable advice and sharing.perhaps I may very much like to keep in touch with him,if he read this message,please reply and i will provide you with my contact number

Posted by ajkeat > 2 months ago | Report Abuse

Besides,representative from MSWG had done a great job and yet nothing materialize,the lady CEO,the independent valuer are acting like we are all fool attending the EGM,so accept the decision and be happy and enjoy your weekend

Posted by TheContrarian > 2 months ago | Report Abuse

The SCR wouldn't have succeeded if at least 75% didn't vote For it. This is democracy.

Posted by GeniusInvestor > 2 months ago | Report Abuse

ajkeat, Are you the guy who claims to be a hotel supplier during raising a question to management?

Posted by ajkeat > 2 months ago | Report Abuse

@GeniusInvestor,yes I am the hotel supplier and who commented a lot during the EGM.well I personally feel that the MPHB management teams are damn lousy and useless,I was told that the privatization of 1.70 is not final as they still need the approval from SC and Bursa.Anyhow I have sold 860k at 1.67 yesterday and left with 200k to test the market.

Posted by Millions_at_22 > 2 months ago | Report Abuse

Yellow bracelet, before the start of the conference, there is a voting form that has been marked againts, I know you keat. I also know that half of yesterday's dissenting votes came from the eighth largest shareholder

Posted by Millions_at_22 > 2 months ago | Report Abuse

So I said from the beginning that Johnzhang was a liar and that his group did not come to participate in the egm at all, otherwise it would have succeeded in preventing the privatization long ago

Posted by Millions_at_22 > 2 months ago | Report Abuse

ajkeat，We are well aware that management has no intention of running the business, so it would be wiser to accept privatization and get our money back. If we oppose privatization and the stock price really falls, we are forced to keep the company that have no intention of running

Posted by Endgame > 2 months ago | Report Abuse

The most important is change of basic law for privatisation, it must fair and reasonable like what Singapore is ruling this. You all talk until cry also no use, this is weakness of our Malayisia takeover law. Accept it, life move on.

Posted by speakup > 2 months ago | Report Abuse

Those who like play privatisation theme, take a look at Kps

Posted by speakup > 2 months ago | Report Abuse

Kps is a profitable company with massive discount to Nta and majority owned by Selangor govt. Doesn't take a lot for Selangor govt to privatisation it

Posted by GeniusInvestor > 2 months ago | Report Abuse

@speakup, are you sure Selangor Gov going to privatization KPS? what is the purpose for that?
@ajkeat, I totally agree with you, that is damn lousy management. Honestly, I wouldn't invest in this kind of company for the long term. The management does not have motivation to grow the business.

Posted by TheContrarian > 2 months ago | Report Abuse

This article first appeared in The Edge Malaysia Weekly on November 16, 2020 - November 22, 2020

SELANGOR state-controlled Kumpulan Perangsang Selangor Bhd (KPS) could be privatised in the near term, two separate sources who are familiar with the matter tell The Edge.

One source adds that Darul Ehsan Investment Group Bhd, KPS’ 57.88% shareholder, has appointed CIMB Investment Bank Bhd to handle the corporate exercise.
There is no point in keeping it (KPS) listed. The company’s stock has underperformed for the longest time,” he explains.

The other source says he had heard that KPS’ privatisation was in the pipeline but did not know if CIMB had been given the mandate to handle the corporate exercise.

Market observers are not surprised that the exercise was being contemplated as KPS’ stock has long been undervalued.

Posted by Johnzhang > 2 months ago | Report Abuse

Hi ajkeat, Thanks for your kind words which is absolutely not necessary. The MPHB episode is behind us and we shall move on to something better ahead. I will find way to link up with you later.

Don't waste time on the stupig trojan horse Million and let him be a frog in the well. He could not feel anything and can't even put pieces of information together to see the pictures.

Posted by Millions_at_22 > 2 months ago | Report Abuse

You said that you had a lot of votes, but you didn't show up for EGM in support of Keat, and Keat knew very well whether what I said was true or false. It's better than you don't even dare to show your face. Don't waste time contacting keat, you don't deserve it

Posted by Millions_at_22 > 2 months ago | Report Abuse

Please answer everyone, where is your 40mil agains ？

Posted by Millions_at_22 > 2 months ago | Report Abuse

MSWG also sent a bald head to ask questions. Your 40mil didn't show up, you didn't go to the MSWG Forum, and you didn't show up at the most important EGM. Who is wasting the time of the MSWG and the opposition? It's you, Johnzhang

Posted by Johnzhang > 2 months ago | Report Abuse

A frog in the well can only see a small window into the blank sky . How could it see my presence ! 😂

Posted by ajkeat > 2 months ago | Report Abuse

Again,I stress that we are in this forum for view exchange and sharing,we review what we analyse and share what we gather.I dont agree with any personal attack as it doesnt bring us any benefit.I also feel that we are learning from each other in our daily life despite whether you are more superior or infurior.Believe me,every individual have their own view just like the guy call Simon who impatiently walk out to question the management team,(First person to appear on the speaker phone).I did politely turned him away as I understand his eagerness to stress his point but express a bit too long winded and unprofessional,thus causing unneccesary tension to others,dont forget,he walked out at least 5 times to express his repeated view

Posted by ajkeat > 2 months ago | Report Abuse

As for Johnzhang,I dont think he wanted to misled anybody as he had been very serious in pursuing and objecting to the offer price.I am impressed by his persistency that prompted me to register in the forum on 7/6/24.(infact I have been reading the comments in the I3 forum since 2021).my purpose of registration is to inform John that I do own 1 mil MPHB and wanted to provide him with the mandate to represent me to vote against.Finally I took the opportunity to attend the EGM on my own. In conclusion,I am not trying to be a hero and also not siding anyone except that enlightening others to be more generous and forgiving so as to live happily and fruitfully.

Posted by Sslee > 2 months ago | Report Abuse

Imagine if the SCR failed what will happen in coming monday?

Posted by Sslee > 2 months ago | Report Abuse

fair and reasonable.
Is Mr.Market very fair and reasonable to many listed companies that trade far below their NTA.

Know what is the share price of Insas, its NTA, liquid assets and cash holding?

If you want fairness then keep your money in bank.

Posted by speakup > 2 months ago | Report Abuse

if SCR failed, definitely will big drop monday. if market bad maybe even hit rm1

Posted by Sslee > 38 minutes ago | Report Abuse

Imagine if the SCR failed what will happen in coming monday?

Posted by speakup > 2 months ago | Report Abuse

@ajkeat, @Johnzhang,
mphbcap is done already if u want to bet on next privatisation, check out KPS

Posted by ajkeat > 2 months ago | Report Abuse

@Johnzhang,I deeply understand your feeling.Your effort,hardwork,persistency and subsequently failure in voting against 1.70 offer price plus all the backlash,well there will still be plenty of readers in this forum appreciate your good deep.I am not adding good words to you but talking facts

Posted by Johnzhang > 2 months ago | Report Abuse

Hi ajkeat, once again, thanks for your trust and support. I truly appreciate it .

Posted by Sslee > 2 months ago | Report Abuse

If SCR failed because of John voted against it and come monday MPHCAP limit down.

Then this forum will be full of swearing and cursing. That the reality and fact.

Posted by GeniusInvestor > 2 months ago | Report Abuse

dragon328 022-12-21 13:02

@observatory, I am surprised that you are still holding on to Daibochi shares after the failed privatisation attempt by Scientex last year. I sold off mine before the privatisation exercise concluded as we already concluded that the privatisation attempt would fail well before it ended.

I did not like the privatisation attempt by Scientex, more so on its offered price which clearly undermined the business prospects of Daibochi. But the bigger concern to me was for Scientex management to come into Daibochi, as Scientex was pretty much a china man company with not much corporate governance. I was skeptical of what synergy Scientex could bring to Daibochi with its commodity-like stretched film business, and I thought it would be more of a case for Scientex to extract value from Daibochi to benefit its own larger stretched film business.

And now things have become clearer and most of concerns have turned out to be true, i.e. Scientex single-handedly rejected the motion of Daibochi to adopt the best practice on corporate governance, and lowered the dividend policy to just 30%.

From these moves, I can reasonably expect that Scientex is not done yet with Daibochi and will not do anything good to add value to Daibochi. It may make another offer to acquire the remaining 23% minority stakes in Daibochi at similar price of RM2.70 or even lower. Scientex is doing all these maneuvers to frustrate the minority shareholders of Daibochi so that they will sell out to Scientex later at a low price.

You do not expect Scientex to inject its stretched film business into Daibochi as it is much larger than Daibochi, it will be more likely for Scientex to privatise Daibochi then inject it into a spin off listing of all its packaging businesses. Scientex will privatise Daibochi at RM2.70 or lower then inject it into the new listing at RM3.00 or much higher. This is typical china man thinking of doing corporate exercises, to benefit only himself.

I would recommend you to gradually exit this Daibochi as I do not think you can benefit anything from its future potential, as Scientex will try to reap off all the benefits first and deprive you of such potential.

Posted by GeniusInvestor > 2 months ago | Report Abuse

If MPHB fail, I mostly see it will be the be the same case as Scipack.. u guys can monitor its share price.. Big Boss just leave it listed after privatization fails . I understand those long term shareholder of MPHB unhappy with the offer price. Just it case, if the SCR fail, and top management no motivation to grow the business. I'm sure the MPHB price can go below 1 in one day.

Posted by Ali123456 > 2 months ago |

Post removed.Why?

Posted by Sslee > 2 months ago | Report Abuse

I make money from Bplant as I bought Bplant when Bplant sold the plantation land in Johor to ytlpower and gave good dividend.

I sold all my bplant before the VGO as from Bplant monthly report of FFB havested the quaryerly report will be ugly.

As of HRC, I lose some money and make official complain bitterly to SC and HRC management

Repost:
Posted by Sslee > Jun 21, 2024 12:25 PM | Report Abuse X

DickyMe SSLee's favourite counter, licking the bottom.
20/06/2024 11:42 PM

I already give up on HRC with below last email to HRC

https://klse.i3investor.com/blogs/Sslee_blog/2024-06-21-story-h-158835...

Posted by Sslee > 2 months ago | Report Abuse

What I am trying to say is up to each individual investors to make their own decision.

Because if you make decision for them when they make money they also never say thank you but if your action cause them to lose money they will curse you. That the reality and fact

Posted by Ali123456 > 2 months ago |

Post removed.Why?

Posted by Sslee > 2 months ago | Report Abuse

I am just suprise someone make so many comments at i3 but when come to EGM voting he just keep silent.

Maybe silent is gold.

Posted by Ali123456 > 2 months ago | Report Abuse

Tak hairan pun. U yg buat komen banyak-banyak tak pergi EGM kah ? Shame on U.

Posted by speakup > 2 months ago | Report Abuse

1.70 coming

Posted by GeniusInvestor > 2 months ago | Report Abuse

GCB -minority reject the privatisation plan. Let see how is it share price and future development.

https://www.klsescreener.com/v2/news/view/1392041/minority-shareholders-block-grand-central-enterprises-privatisation-plan

Posted by TheContrarian > 2 months ago | Report Abuse

GCB forum dead and yet the minorities could muscle 10% votes to reject the privatization.

Posted by speakup > 2 months ago | Report Abuse

GCB owner tak kuat. Mphbcap owner Surin kuat

Posted by IanQ > 2 months ago | 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

Posted by TheContrarian > 2 months ago | Report Abuse

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.

Posted by IanQ > 2 months ago | Report Abuse

tq @TheContrarian. Would you know if the payment date will be 7th of Nov, as indicated earlier in this forum earlier?