Those deny their own posting is basically not confident

We don't argue with ppl who doent their own posting becoz that suggest they don't know what they r talking abt.

Ok u r useless then useless cacat who denies posting his own comment. No guts to uphold his own argument, can't choose stock but critisize.

Nevermind if you cannot read properly or in denial but can you pick stocks. If can tell us, if cannot then you are really useless in the market place. You talk 3 Mil we entertain , but you cannot proof instead you are talking 110Mil you are talking material information, shr cap....????? Got or not stock pick or just plain useless cacat?

Nevermind as we know impartiality takes little information he knows and make big story. We know his info not reliable. But we give him a chance if all stock bad, what is his stock pick ? Enlighten us to learn ur stock pick.

hahahaha......there is no 3Mil shr sale and the cacat bugger Impartiality change the story now.

Impartiality are you denying that you posted the 3Mil shr trasfer by Sime to TT in your own words? I think you are sick and in denial.

You mean he is Jho Low?? Hahaha

How to respond? All cut and paste proof there and somemore the proof is his own link he provided and shooting himself on the foot. Hahahaha

The below Impartiality posted the 3Million shr he allege sold to Terry by Sime. Where is the 3Million? There is 110 Million but where is the 3Million ....3 million and 110 Million a lot of difference you know. Fcking dumb ass is so stupid his mother cunt recognise him...hahahaha

Impartiality
Stock: [E&O]: EASTERN & ORIENTAL BHD
Jan 30, 2015 12:07 PM | Report Abuse

Sime sold the 3M back to TT because they have genuine concerns about his ability to manage the company due to huge amount of time he spends in London. His misadventure into London will prove more costly than ever. The europe economy has not bottomed out and the contagion from the Greek Exit will cause more chaos than ever. UK is a matured economy with minimal GDP growth anyway. GDP has not grown above 2 percent since the Lehmann collapse anyway

Yellow Sorhai Impartiality, I am posting the whole write up here...where does it say Sime sold 3 Milion shrs to Terry?????? They sold 9.9% or 110Mil shr....learn to read properly or maybe you are illiterate. So stupid this fella post his own stupidity here and still want to argue what is clearly stated. Really a stupid fck. So you admit you cannot read the difference between 110 Million and 3 Million?


Sime Darby sells E&O shares back to Tham
Print
By Charlotte Chong of theedgemalaysia.com
Thursday, 29 May 2014 14:23 Bookmark and Share
KUALA LUMPUR: While the memory of Sime Darby Bhd paying a hefty premium for a 30% stake in Eastern & Oriental Bhd (E&O) is still fresh in investors’ minds, the conglomerate yesterday announced that it intends to sell a 9.9% stake back to E&O managing director Datuk Terry Tham Ka Hon at RM2.90 per share — which is 26% higher than the price it paid three years ago.

Sime Darby explained that the proposed disposal would “further align the interests of Tham and key senior personnel with that of E&O”.

It is learnt that the share sale aims to retain senior management to continue managing and charting E&O’s strategy over the years, said sources, adding that this move was taken to prevent the property firm from falling into the same situation S P Setia Bhd is in now.

Many senior executives in S P Setia, including Tan Sri Liew Kee Sin, left the company following Permodalan Nasional Bhd’s (PNB) acquisition of a 48.76% stake in the property group. Liew, who helmed the group for years, left after he sold his entire stake to PNB.

Tham was among three parties who had collectively sold a 30% equity interest in E&O to Sime Darby for RM766 million. Tham sold a 12.2% stake then. The other two were Tan Sri Wan Azmi Wan Hamzah and Singapore-based GK Goh Holdings Ltd.

Following the disposal, Tham was left with a 5.1% stake in E&O, Wan Azmi 2.9% and GK Goh 3.5% in E&O. GK Goh has raised its stake to 7.25% later.

In a filing with Bursa Malaysia yesterday, Sime Darby said its wholly-owned subsidiary, Sime Darby Nominees Sdn Bhd (SDN), has entered into a conditional share sale agreement with Tham’s private vehicle, Morning Crest Sdn Bhd, to sell 110 million or a 9.9% stake in E&O for RM319 million.

Following the proposed disposal, Sime Darby’s equity interest in E&O will be pared down to 22%.

It noted that the total cash consideration of RM319 million or RM2.90 per share that it is offering to Morning Crest was RM56 million higher than Sime Darby’s average cost of investment of RM250 million. In other words, the conglomerate could make a return on investment of 28%.

The offer of RM2.90 per share is at a premium of 21.8% from yesterday’s closing price of RM2.38.

After having considered all aspects of the proposed disposal, Sime Darby is of the view that the deal is “reasonable” taking into consideration the premium over the prevailing market stock price of E&O.

Sime Darby said the sale securities were acquired between 2011 and 2013 and the carrying amount of the sale securities as at June 30, 2013 was about RM263 million, which is worth RM2.39 per E&O share.

The pricing of the shares at RM2.30 each, which was a huge 59% premium to the E&O share price at that time, had raised eyebrows

The share sales had sparked debate whether it was tantamount to a related party transaction and whether Sime Darby should undertake a mandatory general offer for E&O.

However, the Securities Commission Malaysia (SC) ruled that it found no collusion between Sime Darby and E&O’s Tham with regard to the deal.

“It is the SC’s findings that Sime Darby and Datuk Terry Tham Ka Hon are not parties acting in concert, and as such, a mandatory offer obligation would not arise,” Sime Darby told Bursa in an announcement dated Oct 11, 2011.


This article first appeared in The Edge Financial Daily, on May 29, 2014.


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Tomorrow may drop again being Friday and solidarity March on Sunday

Ravi what other counter u buy?

If you show the exact, I will not only shut up I will leave this forum but if you cunt show the actual, pls call yourself a cunt head and leave ok? So easy to stop all this just show and I will shut the fck up otherwise you bow and say sorry. Even that easy also you cunt do....you better shoot yourself

I m asking you to show the absolute write up and show me 3 Mil shrs fr Sime to E&O and you can't but throw obscenity here. What u trying to proof.if you want to show you are a bigger cunt head then you are and hand down lor

If absolutely correct and you cunt show....who is the cunt.....hahaha

That why a loser like you is what you are....condemn and take a bit of wrong info and start rubbish talk

Something wrong with you...Ivory so many critisize you and you want to claim to be right, now here you talk nonsense again.

Ya Ya ya ....simple 9% of 100Mil and you still want to insist its 3 Mil. Who do you want to kid? Ppl here can read lor. icon8888 is right ...u just a miserable lonely fella and possibly retard

He is just a troublemaker

Are you sure with your math level you are making money ahh Mr Sorhai

Hahaha according to Imaprtiality 9.9% of 100M is 3Million. No wander loser

this was the comment posted by Sorhai Impartiality. And he dare to post 9.9% of 100Mil and says its equal 3Mil shr. never seen a retard somlow

Impartiallity
Stock: [E&O]: EASTERN & ORIENTAL BHD
Jan 30, 2015 12:07 PM | Report Abuse

Sime sold the 3M back to TT because they have genuine concerns about his ability to manage the company due to huge amount of time he spends in London. His misadventure into London will prove more costly than ever. The europe economy has not bottomed out and the contagion from the Greek Exit will cause more chaos than ever. UK is a matured economy with minimal GDP growth anyway. GDP has not grown above 2 percent since the Lehmann collapse anyway

OOOi Sorhai....9.9% of 100Mil is 3Mill. You r a retard

HAHAHAHA.....he only know how to condemn ppls counter......moron show a link but it's a general link hahahahaha. Where to stupid fool where is my 3 Mil transferred . stupid fool