It is logical to keep only one co listed which its business overlapping. A big saving to the holding co if taking either one private.

Co cancel out the treasury share, seem 2nd attempt on privatisation is one the move.

hi Sheldon, even senior management see your plea here they will pretend don't know unless you bring it up in the coming AGM for them to answer.

Change in Board of director, Remuneration committee, Nomination committee, Risk committee and Audit committee...

Why change? What the pre-right issue directors and committee did wrong???
Any similar mistake did like FELDA, LTAT?
Why a "asset rich" and "profitable" company hungry for cash? Any right issue subscriber can tell?

markseven, logic u said

This financial year will get 12 cents

Previous CEO said aim to turn to Manufacture sector.

Now TY only mentioned finance, edu, service n property.
From the bright side, TY focus on what he is best- finance n insurance.

Yes! We want Fair n Reasonable.
Now we know which tycoon is unfair.

At 0.96 price, the 6 cents div present a 6.25% DY

How much i made or lost not important here. But i can proof how dishonest and selfish you are. The Contrarian.

I hold MAA since 2013. Never sold since the day i bought. You can guess how much i lost.

First she assumes TY is a NICE person n will increase SCR to RM1. 30 if adjourned

Then she assumes TY is a BAD person n will misuse co fund.

First she said she laughing to the bank after foreseeing SCR fail.

Then she cry n blame other for rejecting the SCR.

WHAT'S A SELF-CONTRADICTORY!

Someone claim she profit so n so from the rejected SCR, but still cant swallowing the SCR voting result. Blame other n keep mentioned to adjournment. What's a hypocritical!
I guess she indeed losing money in speculation. Otherwise cant explain one who make big profit in short time keep grumbling, complaining here n there, keep asking What IF, blame those against the SCR who made her made tons of money.

Adjourned the meeting will incur cost. Both dissenters and TY see it from long term prospects and interest of company. While those some one who claim make a fast profit at 71% only know to use key board blame other greedy and no action. Did these speculator joint force to ask better offer from TY? NO, they did nothing.! Did they ask for adjournment in the meeting? No, they afraid n hide behind dissenters n finger pointing at the back of dissenters.
Even until now, they still coward to make decisions: leave MAA and go for other counter or buy MAA at cheap.

Here i would like to applaud BOD for rejecting investment into a oil well in Middle Asia due to risk assessment.

TY angry is because he was misinformed by the advisor. There was consultant who proposed SCR and gave him the pass success story which misled him in believing SCR is easier to do. He is angry because even though forum was hangat in defeat the SCR, even TheEdge journalist knew it before the EGM he will face stiff resistant, he was assured by the consultant that the motion can simply passed without raising the price.

Now, he is angry because he is the Only One failure in as many privatisation practice in this year. This will be talking topic in the investment industry, joke among bankers, teaching material in business study etc.

He is angry because he was ill-advised.

I am angry too because we paid handsome fees to investment bank but got lousy advice.
I am angry because these lousy consultant doesn't Introspection but blame others.

A special dividend of 12 cents Is approved last June n is scheduled to distribute within 1 year from now average 3 cents per quarter. I think it is a good DIY if someone willing to sell MAA at 50 cents.

I see those losers miss the opportunity to profit taking above RM1. 10, did nothing or propose any motion, keyboarding instead of attend the EGM, afraid to cut lost when SCR fail BUT grumbling, grumbling, grumbling , complaining here n there, blame opposition.

A successful person take action not NATO.
Therefore i salute those willing to take effort when feel injustice. Dare to dream bore to do. That's different between a success person n a loser.

How you know there would not be shareholder's motions tabled within 12 months?

Those who can sell the share above RM1.00 but speculate TY will will announce for an extra dividend or increase SCR price in the resistant are now blaming those who fight hard for their right and belief greedy? What;s a hypocritical!

Well done my fellow heros.
This will be a Big hit to securities market and a lession to other major shareholder who think to hunt down in cheap using SCR.
MAA WILL BE CASE STUDY FOR MANY MANY YEARS AND THE MINORITY HAS MADE THE HISTORY!

In the AGM n EGM, you can throw as much questions as you want to know to executive director, independent director and independent advisor. This is our right on the accountability of the BOD.

Cash n cash equivalent is RM 1.31
And you are content being offered RM 1.10 and laugh happy to give MAAGAP and Altech Chemicals shares free to executive chairman?

Yes! If you vote against SCR, you will rewarded with 12 cents special dividend within one year as per agreed in EGM June last year.

linda77, you know i m not talking abt gathering, i am talking abt your suggestion as follow:

WHAT YOU WANT, AT WHAT PRICE THE SCR?? I WOULD LIKE TO PLAN ALSO.

SINCE YOU ALL HAVE COMMON INTEREST, AS I SUGGESTED MORE THAN 2 WEEKS EARLIER, YOU ALL SHOULD MEET UP WITH THE MANAGEMENT.

linda77 , i m talking about you encouraging the opposition to meet management.
don't try to shift topic when your intention exposed.

Don't fall into the tactic of Pecah and Perintah!
Someone is keen to know your willing selling price and encourage you to meet the offeror individually trying to buyout or create distrust among you.

Please be reminded that any higher promised buying price from the offeror before SCR is illegal unless the offeror openly revise his price to all entitled shareowners.

In AGM, We must ask who will be our new CEO since the post is vacant more than 2 months.

Momoney you can not ask one party to be in moral high ground while pretend another party do nothing wrong.

Momoney.. This is called Unfair but Reasonable. Rules allow it.

This SCR has high possibility of failure. Worm can opened. TY is facing the risk of losing control if a third party launch hostile takeover. many of loyal shareholders will not committed to TY with the way they are treated now.

Since BOD accept RM1.10 SCR, the 30% worry if there is party offer VGO more than RM1.10 which BOD now have no reason to decline such offer and if it goes down to VGO EGM, 30% can not control the outcome...and if...

when someone sell at 0.99, there is another one buy at 0.99

Dumbmoney, You have answered those dumber worry share will drop to 50 cents if SCR failed.

They can come back with VGO.
They can share buy back if price drop to 50 cents.

Or doing share buy back and cancel it. This will increase TY share holding. So never think SCR is the last escape plan.

If SCR fialed, TY can come back with VGO. He can first declare lucrative dividend to decrease NAV and increase his fortune to buy over minority share. In both case, he can use co money to fund his move. So don't too worry if SCR failed.

Who are frightened can leave now, no point trembling for extra 5 to 8 cents for now and a few months on (if SCR success) since they think selling cheaper 10 to 20 cents is acceptable.

I support you to against the reappointment of 2 id.

Dont let them sleep sweet to the bank.

We should question the "Independence" of Independent Director in EGM.

Jamesooi, agreed!

This is not about the procedure. It is about the rational of procedure and timing.

Since independent report will send to all shareholder, i see no reason MAA BOD can have it first hand and delay a few weeks to minority. Do you think this is a fair exercise.?

TA Trader, BOD has accepted the offer which proofed that they had received the report.

My post which was deleted yesterday by admin, you guys pls comment if that's break the rule of this forum as following:

BURSA should make all companies compulsory disclose full report from "Independent" Adviser on all SCR, Privatization, Merger etc since all shareholders pay the fee.

And Like other industry practice, the report must have qualified competent person name and signature.

Bursa why delete my post?

https://m.facebook.com/story.php?story_fbid=2308173379397408&id=100006143041912

Wah Linda, you so greedy. Even Melewar also not think of privatize it at 50 cents.

Hmmm.. Just wonder who buy Linda's 1mil shares today. This guy must be very confident he will get handsome rewards at the cost of RM1. 02