I have a same view with you... i don't think is totally a bad thing for GenM in long term, it may even contribute profit if the online gaming and sports bedding go through...

Good analyst with fact, not like others, jumped to the conclusion after they saw the announcement, even those nearly 30 years in the industry...

The destination resort in which Resorts World Catskills also includes an entertainment project providing additional entertainment, food and hotel accommodations which will be completed by the end of the year. In 2019, a Rees Jones-redesign of the well-known Monster golf course and The Kartrite Hotel and Indoor Waterpark will also be added to this destination resort.

https://www.igamingbusiness.com/news/bet365-partners-empire-resorts-enter-1bn-new-york-market

Maybe this is the reason why LKT want to buy Empire...> online gaming for New York State

Empire has also entered into a sportsbook and digital gaming collaboration agreement with an affiliate of Bet365 Group Limited (“Bet365”), a British online gaming company based in the United Kingdom.

Pursuant to a collaboration agreement, Bet365 will participate with Empire in the offering of retail sports betting and online sportsbook, online casino and online poker in New York State, if and when permitted by applicable law.

KUALA LUMPUR (Reuters) - Duopharma Biotech (DUOP.KL), Malaysia’s largest generic drugmaker, is in talks with two Chinese consumer healthcare companies for expansion of their production base in Southeast Asia and a potential stake sale, its managing director said.

During an interview with Reuters, Duopharma Managing Director Leonard Ariff bin Abdul Shatar declined to name the companies as the discussions were ongoing. However, he said both “reasonably big” companies were listed in China with an annual revenue of more than $1 billion each.

The Chinese companies, one based in Shanghai and the other in Beijing, had asked Kuala Lumpur’s Duopharma if it would be able to contract-manufacture for them. They have also discussed buying a stake in Duopharma, Leonard said.

“They have manufacturing bases currently in China, supplying to the United States. These are guys whom I would not have expected to see in this part of the world, but for the trade war,” he said.

Duopharma, which has a market valuation of about $220 million, was open to a stake sale of up to 10% in the company, Leonard said, adding that if a deal was finalised, the Malaysian firm will apply to register with the U.S. Food and Drug Administration.

“There is a famous Malay saying: when two elephants fight, the ants die. But what we see here is absolutely the opposite. This has come as a bit of a surprise,” he said.

Dented by higher U.S. tariffs, Chinese companies are seeking partners to partly shift their supply chain to Southeast Asian countries such as Vietnam, Malaysia and Indonesia, analysts and Malaysian government officials said.

In the first quarter of 2019, Southeast Asia’s third-biggest economy attracted foreign investment of more than $7 billion – a 73% surge from a year earlier. The Malaysian government and its trade agencies are sending their representatives to China and other countries, organizing seminars and signing agreements of cooperation.

Late last month, the China ambassador to Malaysia confirmed the high level of Chinese interest in its traditional trade partner.

https://www.reuters.com/article/us-duopharma-btech-malaysia/malaysias-duopharma-talks-deals-with-trade-war-hit-chinese-firms-idUSKCN1UW0E4

ECRL + Bauxite, time to collect now... once this 2 engines start to generate rev and profit... too late to buy...

https://www.theedgemarkets.com/article/newsbreak-dp-world-eyeing-stake-sabah-ports

I hope DP is eyeing bigger stake into Sabah Port. They can actually cooperate with Sabah State Gov to jointly takeover Sabah Port. A 1 time PB is good enough ;)

https://www.malaymail.com/news/malaysia/2019/07/24/ecrl-firm-in-recruitment-drive-ahead-of-projects-relaunch/1774279

Should have write back the bauxite assets + date to reopen mining...

Time to fly....

https://www.thestar.com.my/business/business-news/2018/07/04/hong-leong-bank-allocated-rm115m-for-digital-expansion/

For those who attended the AGM 2 weeks ago

Yes... bcoz i am naive...

Here is what he said:

Before Rothschild’s appointment, Andrew reveals that the group had received an offer of slightly more than £200 million (RM1.07 billion) from an interested party. “We appointed Rothschild as we wanted to do a proper exercise in which we could the derive the actual market value for the asset and realise the best possible price,” he says.

The RM1.07 billion ballpark amount would help strengthen MUI’s balance sheet, given that its total borrowings, sans its cash balance, stood at RM588.95 million as at December last year.

A rough calculation shows that it could also result in a gain on disposal of more than RM800 million in MUI’s profit or loss statement, given the hotel’s net book value of RM256.47 million as at June 30 last year.

12.6mil shares crossing @ 0.26

Andrew going to tell good news...

https://www.theedgemarkets.com/article/sabah-wants-investors-china-develop-state-infrastructure

Wow... wat happening?? Got offer from another party?? Or the 9 sen dividend coming??

strong buyer accumulating... high possibility to go above 30sen this round

Mui is not a buy if you look from a business perspective... but you cannot ignore the value of the assets it owned... some good examples like SPB, Daiman, Weida, MWE, GBH, Tstore, Tmakmur, Kulim, Hwang which been taken private are bcoz their owner know the value of the company much better than us.... MUI is a cigarette butt investment.... some of you may not agree or appreciate this investment principle... but some people did make money by looking and investing in cigarette butt investment. There are lots of method to make money in stock market, yours may not suit me and mine may not suit you but does not means we are wrong...

Good... as the reward to shareholder and also to make KKP reputation good again...

Special dividend coming?

go! go! go!

Publicity of MUI is much better now under Andrew's helm... clear direction given and he really walk the talk....

https://www.nst.com.my/business/2019/06/493585/mui-plans-rm440m-tod-bandar-springhill-seremban

https://www.nst.com.my/business/2019/06/493585/mui-plans-rm440m-tod-bandar-springhill-seremban

Buyer accumulating form a strong support despite heavy selling...

CEO is really hopeless... giving nonsense answer during AGM Q&A section

Hopeless management and BoD... using PBA's money to serve penang citizen and archieve their political objective

The wolf is coming!!

The boy and the wolf story.... after few times tat the market got cheated by KKP, they loss confidence about MUI selling Corus Hyde Park and turnaround story. But looking to the way Andrew doing deal and his execution, i think is very likely tat Corus Hyde Park to be sold and greater prospect is ahead for MUI. I think he is a fair guy and willing to listen to minority, working hard to turnaround MUI to former glory. I am positive with him and think special dividend is expected...

Corus Hyde Park selling price 1100mil; 500mil to repay debts, 300 mil for dividend (10 sen) and 300mil for capex and opex.

I think BA next quarter result will be better given the improved production at Kraken. Possible of some write back on Kraken.

Operation Update from Enquest:

Kraken

Production efficiency has increased materially following the resumption of a two-train operation in mid-March, averaging in excess of 33,000 Bopd (gross) in March and April, up materially on the first two months of the year (c.23,000 Bopd (gross)). The performance of the main power engines has improved, leading to greater power and plant stability and enabling better performance from the topside power water pumps that supply the Hydraulic Submersible Pumps. In addition, EnQuest has been working closely with the FPSO operator, Bumi Armada, to improve the offshore spares management and FPSO maintenance processes to ensure any required maintenance activities can be undertaken in a timely manner. All DC4 wells are onstream and producing ahead of expectations and the Group remains confident in its expectations of subsurface performance. While further production efficiency improvement remains the Group’s operational priority, EnQuest continues to expect Kraken to deliver average production in line with guidance of between 30,000 Bopd and 35,000 Bopd (gross) in 2019.

Since first production, more than 17 million barrels of oil have now been produced and 35 cargoes offloaded from the FPSO, with eight of these cargoes offloaded in 2019. Cargo pricing has continued to improve.

With around 100 MMbbls of stock tank oil initially in place, the Western Flank provides a near-field, economic, development opportunity. Initial targets in the Worcestershire Area and Pembroke Trend continue to be assessed and high-graded, with potential development through spare capacity in the existing sub-sea infrastructure.

Rm1.07 billion sale, Rm800 million disposal gain, 27 sen eps... in another few months

https://www.edgeprop.my/content/1535766/mui-heir-sell-corus-hotel-hyde-park-part-turnaround-effort

“We appointed Rothschild as we wanted to do a proper exercise in which we could the derive the actual market value for the asset and realise the best possible price,” Khoo said.

He also revealed to the weekly that before Rothschild’s appointment, MUI “received an offer of slightly more than £200 million (RM1.07 billion) from an interested party”.

“It’s been more than a year since I took over, and my father has left [the group] in my hands to help drive the business in a new direction,” Khoo said.

“From my perspective, I need to look at the group on a holistic level. When we unlock an asset [of this magnitude] we can reinvest in other [ventures]. The ultimate purpose is to drive further value for our stakeholders.”

According to the business publication’s report, MUI is open to sale options: “whether an outright sale, or a sale and potential leaseback in which the management of the hotel is still retained” by the group.

“At this stage, it is still too early to say, but we are looking at identifying a buyer within the next three to four months. Since the appointment of Rothschild two weeks ago, there has already been some interest expressed,” Khoo explained.

In the Star Bizweek Article, it was mentioned that “MAA, in email replies, tells Star BizWeek that under the Takeover Code issued by the Securities Commission, the offeror of the SCR is not allowed to revise the price”.



In the Edge Malaysia Article, it was mentioned that Tunku Dato' Yaacob Khyra had stated that ‘the offer price cannot be changed as the circular is already out’, and quoted him as saying that “there is no way to change it – Melewar can only make another offer in 12 months”.



In this regard, the Board wishes to clarify that the Rules do not impose any restriction on revisions to the Offer Price under the Proposed SCR. As such, the Joint Offerors may, at their discretion, propose a revised Offer Price, provided that all parties involved (including the Independent Adviser and the shareholders of the Company) are given sufficient time to consider the revised Offer Price prior to the EGM or any adjournment thereof.


Guys... Tats still chances for price increase

if Laxey funds make a counter offer at 1.50, i will vote FOR ;)

price coming down... close 1.02... seller knew something?

@ theong, if u have 18.6 mil shares, u alone can block the deal oledi

Insider Buying... maybe Corus Hyde Park found buyer

I will look at mui from assets angle...Andrew has ambitious for Mui to be an asset light company... they may put up others asset like ampang properties and springhill lands for sale

Good support at 0.18

Mui may announce further news on Corus Hyde Park very soon...

https://www.thestar.com.my/business/business-news/2013/03/14/mbf-holdings-major-shareholder-ups-takeover-for-shares-warrants/

A good successful example for minority shareholder...

To: Offeror

Increase your offer price, else you wont get our shares. U lose, bank lose...

Insider accumulating now at 18, 185... show may start soon...

The offeror can decide whether the 9 sen should be deducted or not...

In Daiman Development cases...

Daiman had on 23 August 2018 proposed a first and final single-tier dividend of RM0.05 per Daiman Share in respect of the FYE 30 June 2018 (“Proposed Dividend”). The entitlement date and the payment date for the Proposed Dividend have yet to be determined and the Proposed Dividend is subject to the approval of the shareholders of Daiman at the forthcoming annual general meeting (“AGM”). Notwithstanding this, the Joint Offerors had vide the SCR Offer Letter indicated that the SCR Offer Price will not be reduced by the Proposed Dividend. As such, all shareholders of Daiman (including the Entitled Shareholders) will be entitled to the Proposed Dividend and all the Entitled Shareholders will be entitled to the full SCR Offer Price of RM3.00 for each Daiman Share held.