Posted by i3lurker > 2023-10-04 22:40 | Report Abuse

speakup
Kisah Benar
do you know that if by meritocracy,
the total number of Indian students in Malaysian universities will be more than halved?
She just wanted to sabotage her own Indian race.
The population of Indians dropping but fixed % rate in uni did not drop for a long time.


Posted by speakup > 12 minutes ago | Report Abuse

https://focusmalaysia.my/not-just-a-cabinet-reshuffle-but-a-revamp-of-the-political-economic-system/

PMX acting as a Reformist to foreigners only. He is no reformist. A reformist will never bully an Indian teenager for asking about meritocracy. A reformist will never waste Public Funds to bailout a failed Bumi company.

Next GE16, please do not vote for PMX and PH! Enough is Enough!

Posted by i3lurker > 2023-10-04 22:47 | Report Abuse

speakup
things are always NOT what they seem
do not be programmed by others, blindly trusting what they say.
It had always been very extremely easy for Indians to enter Malaysian uni, past 50 years....
Indians get to enter uni on way lower grades that Chinese required grades.

Posted by UncleFollower > 2023-10-04 22:50 | Report Abuse

The Edge got it right again. When was the last time the Edge's "unidentified sources" got it wrong? Imagine Malaysia without the edge....

Posted by Bursino > 2023-10-04 22:50 | Report Abuse

All is not lost. A relook at the deal will tell us the value of BPlant share is no lesser then RM1.55 per share, higher than its declared NTA of 1.28.

Posted by UncleFollower > 2023-10-04 22:51 | Report Abuse

Makes no sense at all for LTAT to abort the deal. What's next in their game plan. Maybe like you said, press it down privatise it like Boustead Holdings, cheap cheap

Posted by Bursino > 2023-10-04 22:56 | Report Abuse

Keep an open mind. Hold onto the shares like nothing has happened. God willing, more land will be monetize and dividends will continue the same like before. 😁

Posted by i3lurker > 2023-10-04 23:12 | Report Abuse

tutup dua mata does not work

biological assets age and die, its not stem cell.

Posted by Bursino > 2023-10-04 23:14 | Report Abuse

I believe BPlant will remain listed as it is now. No sale. No privatisation. It has a long history, too historical to has it deleted. LTAT and Boustead Holdings already relieved on raising funds for debts due and no longer need to sell BPlant. Gomen extending funds to help may not necessary translate to bailing out Boustead Holdings.

Posted by Yippy68 > 2023-10-04 23:14 | Report Abuse

now in arm forces, indian out number cinaman

Posted by Yippy68 > 2023-10-04 23:16 | Report Abuse

in police , equally welcomed., they speak better bahasa, some cinaman refuse to catch up.

Posted by Albukhary > 2023-10-05 00:07 | Report Abuse

Please put yourself into KLK shoe:-

1) KLK already forked out RM100mil to buy the 69mil share from open market. If KLK dispose the share tomorrow and next business day, KLK will have to recognise a realised losses of at least RM50mil-RM60mil. And

2) You need to understand that why the deal being called off, mainly is because of political parties playing the bumiputra issue. So if today Bplant is selling to another Bumiputra company (i.e. Syed Mohktar), do you think it still will be called off? The answer is No, the deal will 100% success. So, as BSTEAD Holding is really really facing cash flow problem, so they have no choice but to find another buyer soon. And this round, there wont be any Chinese company or foreign company participate, so only the few Malay conglomerate companies will participate, and they have no choice to offer higher price, because if they offer below RM1.55, then it will be not fair to all the BPLANT shareholder, why you reject a higher price offer and accept lower price offer.

So back to the topic, if you are KLK, with the 69mil share on hand, now you are the 3rd largest shareholder in BPLANT. If you dispose it, you will having big realised loss. But if you keep the share, or even purchase additional 160 mil share from the market, then KLK shareholding in BPLANT will reach to a significant level of 10%, then KLK will become the King Maker in BPLANT. With this 10% share on hand, KLK can play a very important role in any future decision of BPLANT, no one can privatise BPLAT, no one can takeover BPLANT.

Posted by calvintaneng > 2023-10-05 00:31 | Report Abuse

BPLANT: LTAT/BOUSTEAD 33% BPLANT STAKE SALE TO KLK CALLED OFF. WILL THERE BE A PLAN B? By Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-10-04-story-h-218750999-BPLANT_LTAT_BOUSTEAD_33_BPLANT_STAKE_SALE_TO_KLK_CALLED_OFF_WILL_THERE_

Posted by Icon 888 > 2023-10-05 00:41 | Report Abuse

Game over alrewdy

Posted by i3lurker > 2023-10-05 01:10 | Report Abuse

=> Game to start tomorrow.

Many will turn up at sex firm offices tomorrow morning before opening time
to execute BPlant share loan agreements
and increase limits by plunking down collateral.

Posted by i3lurker > 2023-10-05 01:12 | Report Abuse

Arbitragers see a clear path to 60 sen. 😜

Posted by RJ87 > 2023-10-05 02:59 | Report Abuse

Albukhary, ur plan is flawed. Who is gonna fund the 150m replanting? KLK has no incentive. Bplant has no money.
Ur plan is to let everything rot like how bumi usually run their business?

Posted by Johnchew5 > 2023-10-05 05:44 |

Post removed.Why?

Posted by Johnchew5 > 2023-10-05 05:53 |

Post removed.Why?

Posted by Johnchew5 > 2023-10-05 05:59 |

Post removed.Why?

Posted by Cheah5555 > 2023-10-05 06:47 | Report Abuse

I agree with RJ87, not easy to find a new buyer! KLK as a big company could easily absorb the loss but the retailers got burned for change of mind by the top executives playing race card.

Posted by papertrademy > 2023-10-05 06:49 | Report Abuse

The Edge CEO Morning Brief 5 Oct:

LTAT buys out BPlant after KLK's bid falls through

KUALA LUMPUR (Oct 5): Lembaga Tabung Angkatan Tentera (LTAT) is planning to buy out Boustead Plantations Bhd (BPlant) at an offer price of RM1.55 per share.

This comes immediately after the proposed disposal of a 33% stake in BPlant by LTAT and Boustead Holdings Bhd (Boustead) to Kuala Lumpur Kepong Bhd (KLK) fell through.

"Following this termination, LTAT wishes to also announce that it aims to proceed with the general offer of BPlant at an offer price of RM1.55 per share, subject to regulatory approvals," LTAT said in a statement on Wednesday.
At an offer price of RM1.55 per share, it represents a premium of 22% over BPlant's last traded price of RM1.27 on Tuesday.

....

Ahh LTAT offering same price to buy BPLANT..

Posted by Yippy68 > 2023-10-05 06:51 | Report Abuse

a narrow escape , thank to the directors who made such a fantastic drama. buying share is easy, pay and received, selling is difficult, usually greed kill., sorry to those who trusted all the SIFU, do they ever say sorry to you for asking all to hold., NEVER.

Posted by birkincollector > 2023-10-05 06:56 | Report Abuse

The edge says LTAT will buy out at 1.55......but i dont think its official offer yet?

Posted by Yippy68 > 2023-10-05 07:09 | Report Abuse

i will not trust LTAT any more.

Posted by Bursino > 2023-10-05 07:22 | Report Abuse

Investors are watching. Self inflicted. The future is dim.

Posted by speakup > 2023-10-05 07:42 | Report Abuse

i will not trust PMX & PH any more!

Posted by Cnlim > 2023-10-05 08:11 | Report Abuse

whether we trust them or not we have to move on n look at the market for a living happy trading

Posted by Sohailau > 2023-10-05 08:20 | Report Abuse

Never ending useless failed malay company that need spoonfeding as the majority here. No wonder myr is rubbish now

Posted by UncleFollower > 2023-10-05 08:26 | Report Abuse

Wow privitisation is still on for minority shareholders

Posted by Sslee > 2023-10-05 08:29 | Report Abuse

If LTAT offer at RM 1.55 to take bplant private then it is a done deal.

Posted by rr88 > 2023-10-05 08:32 | Report Abuse

Terberak la kau. LD.

Posted by EngineeringProfit > 2023-10-05 08:33 | Report Abuse

Not done deal, but fake money created

Posted by birkincollector > 2023-10-05 08:36 | Report Abuse

why would LTAT wanna pay so high price though....the lower the price, the better...since itself also in trouble

Posted by EngineeringProfit > 2023-10-05 08:41 | Report Abuse

So sharks are letting go or collecting tickets today?

Posted by mf > 2023-10-05 08:43 | Report Abuse

rip

Posted by UncleFollower > 2023-10-05 08:44 | Report Abuse

You know how the Edge is really never wrong. When was the last time they were wrong? If so LD 89 cents is a screaming buy. LTAT lets you make 74% you dont want?

Posted by UncleFollower > 2023-10-05 08:46 | Report Abuse

Congrats all BPlant minorities, from laosai to jackpot today 🤣

Posted by Bursino > 2023-10-05 08:47 | Report Abuse

A glimmer of hope for some. Perhaps an exercise to mitigate a fallout and salvage any credibility that remains. Nice story. I may have to rewire myself to trusting the people with "cut off tongues" (to borrow engineering profit's words) All the best folks.

Posted by ChloeTai > 2023-10-05 08:49 | Report Abuse

KLK are trapped. They have bought many lots of Bplant shares. It must be sold. It seems the opening is not at limit down price.

Posted by UncleFollower > 2023-10-05 08:51 | Report Abuse

@Chloe, done deal $1.55. Congrats

Posted by Yippy68 > 2023-10-05 08:51 | Report Abuse

I am a member of LTAT, i know a lot.

Posted by UncleFollower > 2023-10-05 08:53 | Report Abuse

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=140885&name=EA_GA_ATTACHMENTS

Posted by ChloeTai > 2023-10-05 08:56 | Report Abuse

Wow open green woh. KLK will use this opportunity to sell. Malaysian government is doing national servise.

Posted by birkincollector > 2023-10-05 09:00 | Report Abuse

suspended still

Posted by firehawk > 2023-10-05 09:02 | Report Abuse

Reference is made to the press release by LTAT dated 4 October 2023 entitled Mutual Termination on Strategic Collaboration Agreement ("SCA") ("Press Release").



The Board of Directors of BPlant wishes to announce that BPlant has received a letter from LTAT informing that the Press Release sets outs, amongst others, LTAT's intention to proceed with the general offer of BPlant at the offer price of RM1.55 per share notwithstanding the termination of the SCA, subject to regulatory approvals.



LTAT will make the relevant announcement or notification as and when required in accordance with the requirements of Bursa Malaysia Securities Berhad, Securities Commission Malaysia and/ or any other relevant authorities.



SHAREHOLDERS OF BPLANT ARE ADVISED TO EXERCISE CAUTION WHEN DEALING IN THE ORDINARY SHARES OF BPLANT AND TO SEEK APPROPRIATE ADVICE IF THEY WISH TO DO SO, AS BPLANT HAS NOT RECEIVED ANY FIRM OFFER RELATING TO THE GENERAL OFFER.



Please refer to the attached letter for further information.

This announcement is dated 5 October 2023.

Posted by ch > 2023-10-05 09:04 | Report Abuse

so got chance to fly again? hahaha...

Posted by Bursino > 2023-10-05 09:06 | Report Abuse

Weaponize the social media to make people accountable for their actions. Keep up the decibels.

Posted by UncleFollower > 2023-10-05 09:08 | Report Abuse

Suspended. Announced takeover. Resume trading 10AM.

Posted by birkincollector > 2023-10-05 09:08 | Report Abuse

suggest all to sell when start trading before LTAT U-turn

Posted by firehawk > 2023-10-05 09:09 | Report Abuse

Hope this time the offer @1.55 will go smoothly