Perhaps the New Government could give priority to cleaning up the Equities and Investment Sector since there is so much talk on FAIR, EQUITABLE and TRANSPARENT approach to governing Malaysia.
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Its is indeed shocking to note that the Independent Advisor reported FAIR price to be in the range of RM2.50 to RM2.60.

The members of the TA Board of Directors must be seen as unethical and downright unprofessional not to have divulved this significantt piece of information in the TAE Annual report.

In fact their subsequent acquisition of TAE shares in large volume could perhaps be defined as Insider Trading which in some
countries like Singapore is subject to huge fines and probably inclusive of a mandatory jail sentence.

There is alot of undeserved support and praise for TT which may not be merited.

EPF should consider a volture takeover of TAE and offer RM1 per share. When it achieves majority shareholding it should get itself to be represented in the BOD of the TAE.

It should then take the decision to canabalise the assets of TAE. Or it can conduct a revaluation of the TAE assets.

There will be a huge increase in the NTA of TAE.

This will result in a win-win for TA minority shareholders and the contributors of EPF.

MGO offer of 66 sen is way too low, just wait until the independent adviser's recommend price. The daily traded volume is expected to reduce in the days ahead.