Sure they would push to at least 96.52 cents and acquisitions sure would go through as EPF is holding more than 50% of the shares. There is no any other reasons minorities would reject the deal as their share value would increase. This is my opinions.
In my opinions, Old man M is purely an opportunist using his racist tactics as a tool in politics even in his past 22 years of regime (through his racist policy making and implemented in the country, eg. classification of Bumiputra and non-Bumiputra, ie. indirectly and not openly from his mouth). As M's parties had failed badly and not even won a seat in GE15, now, he is openly/on the surface through his article, the 'Malay proclamation" in order to attract attention from the Malay voters and not to be sidelined in the politics. I opine that is the last resort of tactics he could use. A peculiar features in Malaysia's politics is opponents could be changed from time to time, eg. in the past - co-operation between Pas and DAP, M and Anwar ( in Pakatan) eventhough Anwar was jailed during M's time, M and Mohiddin (in Pakatan and now), PAS and PN, etc..... In conclusions, all these politicians only care about their personal interest and not the country.
More so for Korea and Taiwan presidents even US had taken their rice bowl (chips manufacturers) still have to bow to US without sovereignty like a D, coward and nothing in returns and instead Sumsung been fined and there was a thought US would destroy TSMD if China commanded a special military operation (not invasion as Taiwan is part of China) against Tawian. What kind of mentalities is US ???
If you want to blame, blame the US. Why they keep on raising interest rate ??? So is Malaysia follow passively. When interest rose, investors would part their money in Bank and further business would be getting difficult as they need to pay higher interest. During this global economic environment, it is inevitable a stagnant for money market/Bursa.
The old man is an opportunist. In order to attain his goal would do whatever he can and this in particular of the past events (especially during his 22 years regime) Chinese is the sacrificer. Ways back to the past, because of him, Pm Anwar was jailed twice with the so called sodomy and later teamed up with Anwar again in the GE14 and they won. Unfortunately, this old man had not kept the promise and decided to stay in power for the remaining 2 years and refused to pass the PM baton to Anwar and thus causing the subsequent events of changing PM. Again during GE15 because of his loss of credentials after GE14, his party has not won any seats. So, it seems that his party has been sidelined by the voters after GE15 and in order to be stay relevant in politics would do whatever things he can to get support from the Malay and that is how the 'Malay Proclamation' was out and reached to Hadi. Note : my opinions only without prejudice.
SYSTECH BHD - CIRCULAR TO SHAREHOLDERS IN RELATION TO: (I) PROPOSED ACQUISITION OF 240,000 ORDINARY SHARES IN TALENTCLOUD AI SDN BHD ("TCAI"), REPRESENTING 80.0% EQUITY INTEREST IN TCAI, FOR "A TOTAL CASH CONSIDERATION OF RM14,400,000 ("PROPOSED ACQUISITION"); AND (II) PROPOSED DISPOSAL OF THE COMPANY'S ENTIRE EQUITY INTERESTS IN SYSCATECH SDN BHD, MOBYSYS SDN BHD, TECHCASYS SDN BHD, SYSCATECH INC. AND SYSCODE SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM6,604,605 ("PROPOSED DISPOSAL") (COLLECTIVELY, REFERRED TO AS THE "PROPOSALS")" AI is the trend now and also for the future and most important of all for the company's growth.
New shares issued under the corporate proposals 20,000,000 (as part for purchase remaining stakes of QCL) apparently diluted the major shareholders' stakes. My understandings without data supporting on this scenario is the bonus issued particularly for the major shareholders would offset the percentage stake loss in the new shares issuance of 20,000,000. As for the actual dilutions of the shares would depends on future performance of QCL which KAB going to undertakes full control. Note : Just my layman understandings only.
"1. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal Acquisitions Details of corporate proposal Acquisition by Kronologi Asia Berhad ("KAB") of the remaining 83.33% equity interest in Quantum China Limited ("QCL") not already owned by KAB for a purchase consideration of up to RM150,000,000 to be satisfied via a combination of cash and the issuance of new ordinary shares in KAB ("Consideration Shares") ("Acquisition") No. of shares issued under this corporate proposal 20,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.6800 Par Value($$) (if applicable) "
Only US five eyes would support the "accusation" . Still want to talk about the covid virus, what about the laboratory in underground of Ukraine and the ford deterik cases (US). May be it can be understood that the urgency and time frame for Biden to meet Xi to purchase the US bond. Time is really precious now for US.
"Country Heights founder Lee Kim Yew to challenge bankruptcy declaration, says told to submit statement of affairs to Insolvency Dept within 21 days"Tan Sri Lee Kim Yew, the founder and adviser of property conglomerate "Country Heights Holdings Berhad, today said he is challenging the bankruptcy declaration brought against him by a former US-based consultant whom he once considered a friend."
@ nicholas99, just that what you don't know the evil part of US, what US want is to make war zone areas not in his country so that Americans would be safe. Example, war in Ukraine and this model of war US going to duplicate in Taiwan and as an additive advantage to US war us to get more naval base in SEA countries (Philippine already trapped), Hope Malaysia and all SEA countries be alert on this.
The US just can't compete with China in the industrial products,etc..and pour out the international labors laws. Why ??? the reasons very simple, eastern people are working whilst west on the reverse and too protective to the labor. Anything wrong if i wanted to earn more money and work overtime voluntarily ??? Whilst those international laws/treaties not favoring the US, would not mentioned.
Hey hey, no way to stir the topic of 'sovereignty'. Of course, i opine Malaysia would ensure and protect Malaysia sovereignty but don't let this topic to fall into the trap of evil US. No Malaysians would like to be the second philippine with naval built all over the country and become a war zone area for US to counter against China and to worse scenario the second Ukraine.
i support PM Anwar's move to have talks/negotiation with China as any settlements via hostility or war cannot solve the problems as the case of Russian vs Ukraine and instead would be used by outsider/third force as a battle ground against China. Some more, China is Malaysia's largest trading partners and longstanding relationship since the first visit by Laksaman Cheng Ho in the older days.
Shame on you too free/with motive on meddling other countries affairs. What i am presence here is just to let other ppl to know the truth and be alert and double check on the news from other source. That is all.
Why should Malaysia protest ??? That is how US trying to grasp a chance to intervene in other countries' affairs. This guy probably is a running of US or even CIA. Lets hope all Malaysians and all SEA countries be alert and don't let your countries falling into a war zone and cannon folder of US...
Fake news is fake news... 2021 South China sea breaching airspace again is old news. This week Anwar is visiting China.. I know your intentions of stirring the relationship between China and Malaysia. Likewise what US had done in Philippines whom is unwise to seek protection from US (or could be under US threatening) and be another Ukraine.
You said i don't know, i think you are squared headed. How come the terrorism happened reeducation camp ? I meant terrorists are those caught doing terrorist acts and were sent to the reeducation camp. Note : is a reeducation and not jail. Is Jail better than reeducation. Don't misled the PPL here lah whilst Malaysia and China are still good relationship since Laksamana Cheng Ho's time.
why should all ppl vote for Pas (prepare for afterlife) as we are not Muslims. The reasons why this Old man cannot stand is because his interest is not taken care, eg. MAS whilst during PH's tenure under M, quite an enormous amount of fund injected into Mas. M is just an opportunist taking care of his family and own pocket only.