GCB -minority reject the privatisation plan. Let see how is it share price and future development.

https://www.klsescreener.com/v2/news/view/1392041/minority-shareholders-block-grand-central-enterprises-privatisation-plan

If MPHB fail, I mostly see it will be the be the same case as Scipack.. u guys can monitor its share price.. Big Boss just leave it listed after privatization fails . I understand those long term shareholder of MPHB unhappy with the offer price. Just it case, if the SCR fail, and top management no motivation to grow the business. I'm sure the MPHB price can go below 1 in one day.

dragon328 022-12-21 13:02

@observatory, I am surprised that you are still holding on to Daibochi shares after the failed privatisation attempt by Scientex last year. I sold off mine before the privatisation exercise concluded as we already concluded that the privatisation attempt would fail well before it ended.

I did not like the privatisation attempt by Scientex, more so on its offered price which clearly undermined the business prospects of Daibochi. But the bigger concern to me was for Scientex management to come into Daibochi, as Scientex was pretty much a china man company with not much corporate governance. I was skeptical of what synergy Scientex could bring to Daibochi with its commodity-like stretched film business, and I thought it would be more of a case for Scientex to extract value from Daibochi to benefit its own larger stretched film business.

And now things have become clearer and most of concerns have turned out to be true, i.e. Scientex single-handedly rejected the motion of Daibochi to adopt the best practice on corporate governance, and lowered the dividend policy to just 30%.

From these moves, I can reasonably expect that Scientex is not done yet with Daibochi and will not do anything good to add value to Daibochi. It may make another offer to acquire the remaining 23% minority stakes in Daibochi at similar price of RM2.70 or even lower. Scientex is doing all these maneuvers to frustrate the minority shareholders of Daibochi so that they will sell out to Scientex later at a low price.

You do not expect Scientex to inject its stretched film business into Daibochi as it is much larger than Daibochi, it will be more likely for Scientex to privatise Daibochi then inject it into a spin off listing of all its packaging businesses. Scientex will privatise Daibochi at RM2.70 or lower then inject it into the new listing at RM3.00 or much higher. This is typical china man thinking of doing corporate exercises, to benefit only himself.

I would recommend you to gradually exit this Daibochi as I do not think you can benefit anything from its future potential, as Scientex will try to reap off all the benefits first and deprive you of such potential.

@speakup, are you sure Selangor Gov going to privatization KPS? what is the purpose for that?
@ajkeat, I totally agree with you, that is damn lousy management. Honestly, I wouldn't invest in this kind of company for the long term. The management does not have motivation to grow the business.

will be Insas go for privatization in the future? I heard from a few sources.. but not sure if it is true or not.

ajkeat, Are you the guy who claims to be a hotel supplier during raising a question to management?

Lukey, There is Proxy shareholders it doesn't meen 100 ppls attend the EGM, then the total vote of 100 ppls only.. .. like me I represent 10 shareholder. lol

Most minority shareholder complain the valuation is too low, unfair,... keep question management and UOB Kay H got doing their job or not. I think got ppls asking dividend, but no answer from management as too many question too ask.. Also no body asking either there is 2nd SCR if this SCR fail.

https://theedgemalaysia.com/article/why-haste-suspend-hlcap
https://theedgemalaysia.com/article/hong-leong-capital-resume-trading-nov-13-after-fiveyear-suspension
https://theedgemalaysia.com/node/698137

John zhang be careful.. don't become next Datuk Dr Yu Kuan Chon. He thought he can demand more from Quek.

@Ali, u tak takut, sepantutnya u kena keep beli MPHB. make sure u get 40millions shares to vote against.

We wish to inform you that MSWG will be hosting a forum specifically for minority shareholders of MPHB concerning the Proposed SCR. This event will take place on 3 September 2024, at 3:00 pm, at Bukit Kiara Equestrian & Country Resort, Kuala Lumpur. We will be making an official announcement with a registration link this Monday.



Please note that MSWG does not provide comments on blogs or social media except through our channels, weekly newsletters, and mainstream media. For this Proposed SCR by MPHB, we strongly advise all minority shareholders to thoroughly review the Independent Advice Letter (IAL) issued by UOB Kay Hian Securities (M) Sdn Bhd, the appointed Independent Adviser for disinterested shareholders. The IAL provides crucial comments, opinions, information, and recommendations on the proposed SCR, enabling you to make an informed investment decision.



This forum is being organised in response to requests from minority shareholders to assist them in understanding the IAL and the offer presented. Please be aware that the purpose of this forum is to facilitate comprehension, not to influence or direct how you should vote.



We would also like to emphasise that MSWG represents the collective interests of all minority shareholders, not just a selected few. We welcome the opportunity to meet with you if you have any specific concerns regarding the proposed SCR. Alternatively, we are available for a call on Tuesday. Please let us know if that works for you.



Regards,

Minority Shareholders Watch Group

@ Ali, 1.70 increase 1.75 after need to take a huge risk and you guys are so happy.. what a joke for today. lol

After reading so many Johnzhang thread.. I'm know what is Johnzhang motive. Those who cooperate with him thought he is helping them to nego for better offer.. lol... I don't want to say too much here.. later it come to war.

But the deal may not come true.... some minority shareholder claim want to reject the offer too.

I mean there is a company going to issue general offer in the future.. price now about 10.. take over price is 11.

I totally agree with Sslee statement. If Johnzhang able to nego with Big boss. there is win win situation. No need to go for war.... There is a lot of opportunity up there. After exit this MPHB, another general offer is on the road.. u can gain about 9-10% in few months.

U guys can take a look on SBagan as well.. it will received a lot of cash from OCBC for great estern share. buy now and hoping it offer RM20.

@Johnzhang, can you please give me straight forward answer as well? don't ask me don't look back..
For Insas, if my enter price is 0.9-1.. and Big boss offer price is 1.15.. I'm sure will take the offer.. and look for other opportunity. Period..

For those who want to reject the SCR. They should buy more MPHB share in the market now to secure a 10% rejection. But what I have seen since the SCR announcement, MPHB trading volume is not high at all. RM1.58-1.69 should be a good price for those who want to negotiate with Big Boss for the offer price RM5.91-RM10.50.

Hi Johnzhang, How confident are you that Tan Sri will offer a higher price in a short time if the SCR is fail? Also Acquirer gets $1,548mil/262 mil share = $5.91/share. I never saw this kind of method to define how much Tan sri can gain. Got any reference to refer?

PART C
IAL FROM UOBKH TO THE DISINTERESTED SHAREHOLDERS OF MPHB IN RELATION TO THE PROPOSED SCR
CONCLUSION AND RECOMMENDATION In arriving at our conclusion and recommendation, we have assessed and evaluated the fairness and reasonableness of the Proposed SCR in accordance with paragraphs 1 to 7 under Schedule 2: Part III of the Rules, as disclosed in Section 2 of this Executive Summary. Premised on the above and our overall evaluation of the Proposed SCR in Sections 6 and 7 of this IAL, we are of the opinion that the Proposed SCR is NOT FAIR BUT REASONABLE. Accordingly, we would recommend that you VOTE IN FAVOUR of the Special Resolution pertaining to the Proposed SCR to be tabled at the forthcoming EGM.

me too... need more cash to save the market.

I thought everyone who want to reject the offer is a Billionaire..

Just for your information, Scipack (previously call Daibochi ). Scientx want to privatize Scipack on 2021 with 2.70 offer price. A lot of minority shareholder reject it. Until now, Scientx doesn't have any plan to offer higher price for privatization.

Just a suggestion, for those who want to get higher offer from Surin. Why not take a action, form a consortium and make a counter offer say 1.90? take over the company and share the profit after sold all the assets?

Dear John,
May I know when your group of friends start collecting MPHB stock ?

fully support Johnzhang.