in case anyone forgot or missed it

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3163886

The Board of MMC (“Board”) wishes to announce that the Company has today received a letter from its controlling shareholder, Seaport Terminal (Johore) Sdn Bhd (“STJSB” or “Offeror”), requesting the Company to undertake a selective capital reduction and repayment exercise pursuant to Section 116 of the Companies Act 2016 (“SCR Offer Letter”).

The Proposed SCR entails a selective capital reduction and a corresponding capital repayment of a proposed cash amount of RM2.00 for each ordinary share in MMC held by all shareholders of MMC (other than STJSB and persons acting in concert with them) whose names appear in the Record of Depositors of MMC as at the close of business on an entitlement date to be determined and announced later by the Board.

The Board, save for Sharifah Sofia Syed Mokhtar Shah who is an interested director, will deliberate on the Proposed SCR and decide on the next course of action. Accordingly, a further announcement will be made in due course after the Board’s deliberation.

Please refer to the SCR Offer Letter for further details on the Proposed SCR.

This announcement is dated 3 June 2021.

I don't bet too, I buy below RM2 because I know the boss will buy back at the end with RM2 at least, that is also if the market price itself still don't up by then

@emsvsi exactly, same can be said to RM1.8 sellers too, it is just RM0.11 higher after all, still Rm0.20 below RM2, great discount.

@joshua can be the boss himself afterall, he offered to buy ALL at RM2, got people want sell RM1.81-1.82 of course he will take it. but of course let's hope for more good news, nothing to lose at all this, all needed is a little more patience

@sunnyleong seriously I can't understand you la, what bad stuff I did here? you are the one started the shit cursing, whatever la no point I keep entertaining u

seriously anyone understand this guy?

too high expectation for the mother stock after day 1 limit up

@Inv3st0r69 I think he meant those who bought warrants the day after the announcement, not before announcement

today should be another long boring day trade between 1.80-1.82

Still long way to clear 1.80-1.81 sellers, too many of them, or it is just operator manipulation, the operator of this counter is testing our patience since day one, many also quit before the privatization announcement, good game the operator

@consultant tu la haha, simply asking all those political leaders if they got any suggestion to solve covid problem la, any suggestions can be considered EXCEPT change gov or proposing yourself as PM. market x tahu panic for what, opinion to extend darurat or not also doesn't matter, as long as election is still not possible at this stage of covid severity

@pearlwhite "When asked, Anwar said the question of changing the government was not brought up at this point."

totally expected, not possible at this point

hopefully all those "don't greedy" guys all have relinquished their right to secure maximum profit and leave, of course operator need to open the gate since so many can't wait to leave here already, time to close now perhaps?

haiya, sendiri no point cakap orang talk shit, get over your serba shit la, u sendiri don't talk shit here, this is not serba. kalau ada point cakap, jangan tiada point tapi cakap orang lain talk shit

last time u cakap don't even dream RM1.8 or RM2? suruh orang sell on news, siapa yang talk shit, u tiada stock sini jangan kacau

not yet account that this company future prospect is so good, it can goes higher than RM2 even without privatization in future years! who really need to pay premium for insurance?

nvm sure got investor think like that, I think the risk is so small that it doesn't worth 10% premium for insurance. remember the price before announcement is RM1.3. I assume IF boss uturn, price back to RM1.2 the worst, so you will lose RM0.8 in the process at maximum. walao eh! you pay RM0.20 insurance to protect RM0.80 profit! that is 25% premium actually if you count this way!

any news also use to inflict fear at stock market, haiz

5k daily cases, election? don't think too much, at least wait until vaccination archived minimum target

seems like won't move up from 1.8 level until someone accumulated enough, this counter really test patience, although reward is promised

keep and wait for privatization also good, if market not appreciate it's value, like MMC

top up again a few @ Rm1.8 to maximize profit here with my left over cash for investment, minimum risk with promised 10% profit. I trust the boss because he is the one who will be benefit the most from the privatization

@pearlwhite pm possibly talk about extention of darurat, changing of pm is too early at this stage cannot election, any YB really got enough number?

think again, I decided to follow the uturn trending also this time, don't want to fight against EPF since they already made up their mind, at least at this price, so sold at my entry price ytd, loss some brokerage fee :-(

currently parking my spare money top up mmc at RM1.8, which the boss proposed RM2.0 privatization, much safer and almost guaranteed profit there, thus better opportunity

might visit this counter again with my other counter profits when the price come to another new low

PE 3.66 already, previous QRs audited by KPMG themselves, if those QRs not valid, KPGM credibility valid? FA not TA

naysayers, go promote your own portfolio stock la, can ma?

@i3lurker haiya apa la ini missile missile thing, sana MMC announce privatization pun u also try to inflict fear, here i try to catch bottom with little part of my MMC profit also u come to inflict fear. got point x apa, skrg main sentiment game with this missile2 thing

@williamtkb ada signal punya ka when they want to do any announcement? time before KPMG make announcement to start this crisis ada signal juga ka? MMC want announce privatization ada signal? kalau semua ada signal everyone not lose money suda

haiya no need to average down la, can just hold ma, you think everyone got unlimited cash to average down? or everyone like ybb gamble mentality want to borrow money unlimited. even the boss himself got limited cash, people want to continue fear selling down the price what to do, no cash cannot top up cannot la. wait till the announced result only la.

so funny seeing all naysayers think every supporter here are either all in or contra, cannot just minor part of their portfolio meh, talk like the end of world while final conclusion also not yet out

I am good enough not to be greedy if it the boss himself offered to privatize at RM1.80, but since now the boss already said Rm2, then RM2 at least. 10% discount is definitely a big NO

@wickedlion cannot eat until no bilis left la, at least one bilis here still holding firm at 1.80, not selling at 1.80, then of course not selling at any lower price, the only thing that can fear me out if the boss announced u turn

@sharonchong which such huge volume everyday, how many they actually dispose also important, and do they really know the result? anyone here already know the result?

@windy1974 I agree that those who asking people to go all in or even with borrowed money on this company while the truth are yet to be revealed are to be despised, as the risk are there for sure, so it sure doesn't worth it to go that far to gamble on this. While no one sure whether SD is a good company, except the bosses / insider, the price are cheap enough for minor risk vs reward investment (my honest opinion). remember even company at loss (AA) has a price at the open market, and even the best fundamental listed company, I won't buy at it at fair price, let alone overvalued price, only consider to buy when it is undervalued where there are enough upside reward, vs risk

@halal crypto if you think other way positively, Karim rather dispose his scib warrants also want to top up his serba's share at this point

@shpg22 create confident for what? they are the ones that know the truth, the truth will be revealed soon or later, no point in supporting the price now, can't help anything if they are actually at fraud as it is matter of time that it will be revealed. I am more tend to believe it is their wayang for them to collect at huge discount, while they are doing it openly, announced how many they bought everyday, people still willingly to sell cheap to them, especially the 1.6+ victims

@KLtopJERUNG seriously? lmao what are you trying to archive with that? who are you actually?

someone eating popcorn while celebrating other misfortune? (remember there are plenty of victims bought at RM1.6 above, those who bought willingly after KPMG announcement are not the victims, as the risk are already known and calculated)

or are you one of the shorties?

or are you actually 1 of the victims that trying to vent off your anger with those hashtag?

@mabel celebrating they are proven to be correct at other's losses, while they are not making any gains? or celebrate that they managed to escape at earlier stage for share that bought at 1.6 above?

interesting why so many naysayers this counter, unless you are one of the shorties, you gain nothing except meaningless pride if you are proven right, while us the opportunity / risk takers can gain some good profit to earn if proven right. let see if epf sell any today, if no, when are they gonna sell? if not at this point, probably never?

as long as not contra / borrowed money, still can sleep well what, but if contra / borrowed money, you buy which counter also cannot guaranteed you will make money la, cannot sleep well also la

@miniminer tu la, if think carefully, who is the insider that know the truth? kwsp,epf or the boss himself? kwsp and epf can only hope for the best, they can't sell all anyway, if they really know so much, they won't be buying that much % of this company share at first. kwsp / epf is not guaranteed to earn money all the time, you can't make easy money by following their move all the time.

the 2 bosses, especially the 2nd boss can just accept the loss and leave, why top up more at this point

whatever the shark want to do now, the boss will be my buyer

steady here, not contra kaki, still very very insignificant paper loss, wait for good news

bought 1.1 below still holding tight, not giving up 0.20sen that is rightfully mine at this point

sure there is risk, but is that risk so high that it worth 10% premium to buy insurance? I don't think so, not to mention there is also chance for upside than rm2 anyway, if don't greedy or can't take managed risk, I would suggest invest more low risk investment like FD

Rm1.69 also got people want to sell ma, Rm1.8? not so surpised anyway, good enough for those who don't want to be greedy, even when the boss already say want to buy from you at RM2. me for sure will take the better offer than what is currently offered by the open market buyer

@mabel tu la, people sana chase high, hoping that it can recover from happened loss and start making profit in the years of future. kita sini try to catch the bottom of fear with company with fundamental yet to be proven fraud, proven to be involved in variety of money making industries, rather than depend mainly on aerial industry that never promised to make profit even at time without pandemic

@i3lurker invest stock with borrowed money is wrong, here or anywhere else other counter

@stockfreak please don't bring race into this, nothing to do with race, it is act of an individual even if Karim is proven to be fraud

risk exist everywhere while we cannot predict the future, just like who can predict there will be covid pandemic, while buying airasia at it's peak?

@canon911 even if all the fundamental are all proven to be valid, I won't be interested to invest at the already high price of RM1.60, but in this crisis or fear, uncertainty, I see opportunity. It is not like the rest of the listed company are not riskless. I take DIgi for example, it's price is merely csupported by it's ability to generate profit, consistence dividend, without any NTA basis. If it is hit by crisis, any crisis, not nescessary fraud scandal like this one, where it's ability to continue to provided recurring profit / dividend is taken away, it's price sure will shrink back to it's NTA at max, which is from RM4 to RM0.08

not trying to be offensive, but I am realy curious, asking politely as I wanted to know, how many of the naysayers here actually bought this stock when it is RM1.60 or above?

@kalofarmako true, don't jump into any conclusion, anything is possible at this point

sometime we just have to risk, try to catch the bottom when it is at historical low, we are not hero, not supporter, it is not our duty to support this stock, is it just risk vs reward probability investment. we are not going to all in this situation, the worst to expect is the company proven to be fraud, net asset become 0 or negative due to debt overload, company become delisted. we accounted all this in. but only at what chance it is really going to happen. all the naysayers here talk like it is confirmed that the company is fraud, only if that is the case than I agree this company worth nothing, won't even buy at RM0.005

@pinky true indeed, this is about risk vs reward, stock investment is all about probability anyway, where got counter 100% guarranteed to make money?

the lower the price, the higher the reward vs risk

really the price is attractive, even boss himself top up at 1st limit down, the boss must know something