Posted by Inv3st0r69 > 2021-06-21 14:07 | Report Abuse

what is SPB?

Posted by TheContrarian > 2021-06-21 14:09 | Report Abuse

Selangor Properties Bhd

Posted by kadilong > 2021-06-21 16:01 | Report Abuse

@ykyew11 call warrant expired soon ,they defending the price, after expired the price would go 2.00 soon

Posted by stockraider > 2021-06-21 16:06 | Report Abuse

Quickly run the warrant lah!

Posted by kadilong > Jun 21, 2021 4:01 PM | Report Abuse

@ykyew11 call warrant expired soon ,they defending the price, after expired the price would go 2.00 soon

Posted by DepecheM > 2021-06-22 14:17 | Report Abuse

Can take profit already la... don't touch the call warrants, expiring or not.

Posted by emsvsi > 2021-06-22 16:16 | Report Abuse

The prop funds are making their move...an annualised c. 20% return is too good to miss, and that hasn't included the use of debt which will magnify returns

Posted by Inv3st0r69 > 2021-06-22 16:18 | Report Abuse

@DepecheM :( i touched the call warrants, in fact i kept on adding position in it..

Posted by emsvsi > 2021-06-22 16:41 | Report Abuse

Or is a revised offer coming...ha ha ha

Posted by aliyusof > 2021-06-22 16:44 | Report Abuse

Buyers coming in strong ....

Posted by emsvsi > 2021-06-22 16:50 | Report Abuse

At RM6 value per share what's RM2.xx to take it private ha ha ha

Posted by Mark2345 > 2021-06-22 17:01 | Report Abuse

Revised offer coming? After so many weeks stagnant

Posted by newbie9893 > 2021-06-22 17:12 | Report Abuse

At the end, back to square one. Same story likes FGV, mark my word

Posted by newbie9893 > 2021-06-22 17:13 | Report Abuse

please take profit now before it is too late

Posted by emsvsi > 2021-06-22 20:37 | Report Abuse

MMC CORPORATION BERHAD ("MMC" OR "COMPANY")

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF MMC PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("PROPOSED SCR")
Unless otherwise defined, the definitions used in this announcement shall have the same meaning as those defined in the announcement made on 3 June 2021.


We refer to the Company’s announcement dated 3 June 2021 in relation to the Proposed SCR.


On behalf of the Board, RHB Investment Bank Berhad wishes to announce that, in accordance with Paragraph 3.06 of the Rules on Take-Overs, Mergers and Compulsory Acquisitions, Alliance Investment Bank Berhad has been appointed by the Board, save for Cik Sharifah Sofia Syed Mokhtar Shah (“Cik Sharifah Sofia”) who is an interested director, as the Independent Adviser to provide their comments, opinions, information and recommendation in respect of the Proposed SCR to:


1. the Board, save for Cik Sharifah Sofia; and
2. all the 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 (“Entitled Shareholders”).


This announcement is dated 22 June 2021.


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3168765

Posted by DLLKT > 2021-06-23 15:16 | Report Abuse

Boustead Plantation is another take over target and very likely will materialise in near future, wait and see

Posted by DLLKT > 2021-06-23 15:17 | Report Abuse

After MMC , Boustead Plantation is my only investment for time being

Posted by DLLKT > 2021-06-23 15:17 | Report Abuse

Shouting undervalue

Posted by Inv3st0r69 > 2021-06-23 16:59 | Report Abuse

@DLLKT sifu, got any price revision or not for mmc?

Posted by DLLKT > 2021-06-23 17:33 | Report Abuse

The chances is there but after I found better investment and safer bet at Boustead Plantation, I decided no wait for MMC final revise offer (if any) but instead yesterday full disposed MMC at open market

Once great opportunity infront of us (Boustead Plantation), just grab and ride on it tq

Posted by Inv3st0r69 > 2021-06-23 17:37 | Report Abuse

@DLLKT sifu, whats ur tp for this?

Posted by DLLKT > 2021-06-23 18:43 | Report Abuse

1.30

Posted by Cheah5555 > 2021-06-26 16:24 | Report Abuse

Hi DLLKT, why you choose Boustead Plantation instead Boustead, mind sharing ?

Posted by paliyahya > 2021-06-26 19:54 | Report Abuse

Privatetion bstead kan? Bukan bplant

Posted by AdBeCo > 2021-06-28 11:28 | Report Abuse

Can i know when is the voting date for the decision of SCR?

Posted by emsvsi > 2021-06-28 14:43 | Report Abuse

The Board will first accept the proposed SCR and table it to the disinterested shareholders, whose due date is on 15 July 2021

Posted by emsvsi > 2021-06-28 14:45 | Report Abuse

The EGM for the voting will be in a few months

Posted by himbaan > 2021-06-29 09:17 | Report Abuse

how and when shareholders will get the rm2?

Posted by TrippleZ > 2021-06-29 09:25 | Report Abuse

Next year.

Posted by WenJun > 2021-06-30 15:29 | Report Abuse

Strange. There is some RSS volume (at 1.81) on this stock, why would anyone short a stock that is being offered to takeover at RM2 a share? Sell at 1.81 and buy back at 1.80 doesn’t make sense to me. They might be doing some hedging just in case if the SCR failed, or…

Posted by trending > 2021-07-02 10:47 | Report Abuse

Why is no one talking about how the price is stuck at rm1.80.....

Posted by Inv3st0r69 > 2021-07-02 21:48 | Report Abuse

it has gotten very boring.. lets just hope there will be overshoot once in a while

Posted by CHLEONG888 > 2021-07-04 09:12 | Report Abuse

Really boring, sold a bit, shift to SURIA

Posted by Inv3st0r69 > 2021-07-05 16:25 | Report Abuse

whats the story for Suria? got interesting potential?

Posted by DepecheM > 2021-07-06 18:58 | Report Abuse

Buying stake in RETRO..... means they're shelving their plan to go private?

Posted by emsvsi > 2021-07-06 20:31 | Report Abuse

PROPOSED ACQUISITION OF 2,500,000 ORDINARY SHARES REPRESENTING 50% EQUITY INTEREST IN RETRO HIGHLAND SDN BHD (A JOINT-VENTURE COMPANY BETWEEN TRADEWINDS CORPORATION BERHAD AND S P SETIA BERHAD) BY MMC LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MMC, FROM TRADEWINDS CORPORATION BERHAD

We refer to our announcement dated 22 March 2021 (“Announcement”) in relation to the Proposed 50% Retro Highland Acquisition. Unless otherwise stated, the abbreviations used herein shall have the same meaning as defined in the Announcement.

MMC wishes to announce that on 6 July 2021, the SSA has become unconditional and the Proposed 50% Retro Highland Acquisition has been completed today in accordance with the terms of the SSA.

Following the completion of the Proposed 50% Retro Highland Acquisition, MMC Land, a wholly-owned subsidiary of MMC, has become a 50% shareholder of Retro Highland.

This announcement is dated 6 July 2021.

Posted by Inv3st0r69 > 2021-07-07 16:17 | Report Abuse

Hows Pinky.. thanks to that guy i bought a lot of MMC. He posted he has exited few days before the privatisation.. pray for him.. such a nice guy.. thanks

Posted by ziyang8896 > 2021-07-07 19:15 | Report Abuse

Some companies no announcement for accepting the proposal,once independent adviser has been appointed (22/6) is considered has accepted the offer. Base on PPG ,AM PROP are arranged by RHB , after independent adviser announcement,will submit to SC after 2weeks.SC takes 1month for the comments. After clearance SC is EGM ( maybe a little bit delay for submission due to the size of the company)

Posted by ziyang8896 > 2021-07-07 19:16 | Report Abuse

Hopefully this week will announce submission for SC

Posted by DLLKT > 2021-07-07 21:48 | Report Abuse

Keep your eye on Boustead Plantation Berhad

Big news
Big news
Big news

Posted by DLLKT > 2021-07-07 21:49 | Report Abuse

The movement just started @ breakout

Posted by aliyusof > 2021-07-08 09:14 | Report Abuse

Ya, Pinky is such a nice gentleman in all his postings. So also DLLKT, as i bought MMC because of his objective and well researched postings. A few others too. Thanks.

Posted by Pinky > 2021-07-08 10:16 | Report Abuse

I was summoned here by someone hahaha

Thanks for your guys' nice words

Yea, I UNLUCKILY sold off ONE DAY BEFORE "THAT" ANNOUNCEMENT, because if there were no privatisation, the dividend yield % start to look not so attractive to me, hence I exited and took the money elsewhere

Nvm la, we can never expect to buy at the bottom and to sell at the top. I earned a respectable profit from MMC as I entered way before all the hype began

Wish you guys all the best :)

Posted by Inv3st0r69 > 2021-07-08 10:19 | Report Abuse

@ziyang8896 yup agreed.., the timing will depend on the board deliberation... once the board deliberated and decided to table this offer to the shareholders, the circular must be out after 35 days.. egm will take place 21 days after that 35 days.. so if there's no extension sought from the board by 15 july 2021, egm the earliest could be around 10 sep 2021.

Posted by Inv3st0r69 > 2021-07-08 10:23 | Report Abuse

yo @pinky!! thanks again!! such is life, we can never tell what the future holds.. @DLLKT too and alot more.. thanks to these genuine ppl trying hard to educate other ppl about investing..

Posted by Pinky > 2021-07-08 10:27 | Report Abuse

DLLKT is more pro, he has all the industry news and data

I only share with you guys the maths that u need to be aware of when it comes to investing, such as dividend yield, comparison with other saving tools such as bank deposits and FDs and so on

Good luck!

Posted by petnch2020 > 2021-07-08 11:25 | Report Abuse

A 11% return for those that have the time to wait till completion is actually not a bad deal.

Off course there is a risk of it being rejected but currently the only party that has the ability to do so would be PNB which has 20.95% interest. The deal will fall through if more than 4.82 % of shareholders reject it during the EGM.

Other shareholders are just too small and given that these same shareholders were also selling their share before the announcement of the deal, we could probably safely assume that they would accept the deal. EPF has 1.77% interest. They had 5.02% back in Mar 19 but sold a lot in 2020 when the share price was well below RM1 level. Urusharta has only 0.51% down from the 7.68% back in Mar 19. Similar to EPF they also sold a lot when price was below RM1.

Given that Tan Sri Syed Mokhtar decides to take this company private via Selective Capital Reduction (SCR) instead of a General Offer (GO) just shows how confident he is that the deal will likely go through.

Normally one would have already done their preliminary work prior to an SCR mainly due to the binary outcome of the exercise, either it will succeed or it will fail. If it fails, Tan Sri would have spend a lot of money on advisors and time without having been able to increase his equity interest. In a GO, even if it fails, he would still be able to increase his equity from those that decides to accept the offer.

I would assume he has already approach PNB and have an informal agreement with them prior to launching the SCR.

Remember the main reason for this exercise is for them to be able to do an IPO of the port business. They are not able to do so with the current MMC structure given that the port business itself is already the principal operation of MMC.

Basically the share price will start to move closer to the offer price after the EGM which should be sometime in September (normally 2 month after deliberation by BOD). So investors might not have to wait till the completion to get the 10% return. Good luck.

Posted by SincereStock > 2021-07-08 15:32 | Report Abuse

what happen? why sudden fall

Posted by idkdontaskmelol > 2021-07-08 15:39 | Report Abuse

politikus lg. heard privatization oso tak jadi sbb politikus. Shark leaving oredi lor. Cabut, jgn tak cabut

Posted by sunnyleong > 2021-07-08 16:42 | Report Abuse

Told ya.

Posted by Inv3st0r69 > 2021-07-08 17:15 | Report Abuse

Para 9.11 of sc take over, offeror cant withdraw an offer without SC's consent.. so u kno the SCR will be tabled in the EGM to be held after the board's deliberation.. price fell with such small volume indicates that only retail takut sell just now, nothing got to do with the SCR.