Posted by investlogic > 2021-03-08 11:18 | Report Abuse

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AMBANK AND MOF HAS TREATED SHAREHOLDERS LIKE FOOLS!
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We should all voted against all resolutions in the coming AGMs, and keep sending in complain letter to Bursa and SC.

(1) MOF goes after Ambank to recover the loss of their own governance mistakes are very irresponsible.

(2) Those culprit who cheated 1MDB money and those senior Ambank executives who enjoyed big bonus (may be more than that) still walk away free and enjoying the money, while Ambank shareholders counting general public, EPF and PNB pay for it.

(3) There are no single Ambank senior executive being prosecuted in the event, while shareholders bear the liability.

(4) The negotiation probably has been going for months or even years, i don't believe such large amount is decided only by days, which AMMB should have warn shareholders, but instead keep us in the dark.

(5) Ambank management had mislead shareholders multiple time in the previous AGM saying that the 1MDB case are already settled after paying BNM fine.

(6) Major shareholders who have rep in the board, must have known about it, which may have done something to protect their investment. This may also explain why Ambank are traded in such a big discount to its asset.

(7) The amount is so big that represent about 15% of equity and 30% of market cap, by right this has breach all SC/Bursa set threshold, but why this do not need to be voted by all shareholders? Does it mean when it comes to MoF, they enjoy double standard?

If we continue to keep quiet, we are basically allowing them to keep bullying us.