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2016-06-26 16:07 | Report Abuse
Major shareholders are not foolish. I agreed with you that they are able to selling their assets at good price. There is just one resolution. if you vote YES, we are allow the company to spend 300 MM to buy any assets as their wish.. If vote NO, the minority shareholders are able to negotiate a better proposal to the company eg. by paying higher dividend 0.60 cents, go for capital repayment or privatize the company. If the vote AGAINST approve, then the company will call for 2nd AGM and take into our proposal consideration.
Via versa, if minority share holders have vote YES, then we will no any further negotiation power.
Please consider to vote against this EGM.
Stock: [MAA]: MAA GROUP BERHAD
2016-06-26 16:09 | Report Abuse
Special dividend at 0.30 cents is a sweeten for their proposal. This is my concerns.