The Yeoh family is now using proxies to buy and mop up YTLLand shares cheaply in market in order to achieve the crucial 90% acceptance (they got 85% now). To prevent this, for those of us with means, besides hold, BUY more at current low price as the present risk-reward outcome is now heavily in favour of the reward side !!!
Final countdown to 7 October will determine our fate for a more favourable outcome. Pray that the Yeoh Family will not get the required crucial 90% share swap acceptance by then. Please don't sell in market for their proxies to buy cheaply and don't accept the lousy share swap !!! Hold with all means !!!
Looking at the acceptance levels now, the devil family knows that the minorities are very unhappy and against the share swap exercise. The devil family really bullies the poor minorities kao kao.
When they meet the Almighty one day, how are they going to explain to the Almighty about the bullies that they had committed? May be the Almighty will deny them the entry to the Heaven, ask them to go down there instead.
Privatisation at this adverse and uncertain business environment now only benefits the filthy and greedy rich ones like the Yeoh family, all at the expense of the poorer minority shareholders !!!
@profit profits, the minorities start to exercise their limited power to block the unfair treatment from the Yeoh family in Lafarge Malaysia. The minorities will do the same to reject the ridiculous offer for YTLland. Exercise your rights not to reject the unfair offer.
@Dolly Lucky, YTLland worth more thanRM1.50 per share. The right issues for the ICULs were sold RM0.50 per share. The offer price is ridiculous and very unfair. They offer RM0.36 per YTLland share and RM0.32 per YTLland-ICULs share.
Yeoh family using proxies to secretly buy and mop up shares cheaply in open share market to achieve the crucial 90% share swap acceptance to their advantage. Bursa/SC to monitor any unusual market trading volume & share swap activities till 7 October !!!
This really ridiculous...one side share swipe offered 1.14 BUT another side keep pressed down mother share price below 0.94!!!!! IT REALLY UNACCEPTABLE REALLY UNFAIR & UNREASONABLE!!!!
Yes really unacceptable as in all takeover offers, share price went up but only this one suffered further heavy price losses since offer. Such bad things can only happened under the Yeoh family !!!
Instead of growing their businesses and gain more from the markets, the YEOH family are looking within the group and try to take advantage on the minorities.
In short, the existing shareholders of YTLland bought from Yeoh Family (YTLCorp) at 15-20 times PE ratio many years ago and held them faithfully. However, they are today being forced to sell them back to Yeoh Family at a big loss (dirt cheap price) as compared to the price they paid years ago.
Yeoh family will delist the company, hold the company for a few years. After that, the Yeoh family will again relist YTLland and sell them back to the shareholders at 15-20 times future PE ratio.
I do not think he can make it. Do not be deceived by "left hand sell right hand buy" trick. Right now nobody bother to touch this share and he is play this game. Most small holders already had enough.
Real cunning crooks, the "Devils' can't use their own ICULS conversion to achieve the required 90% acceptance, now trying to TRICK other minority ICULS Holders to accept their ridiculous lousy offer to achieve the 90% by issuing another 'scare and difficult to understand' Circular !!!
For Minority ICULS Holders just hold for time being and need only to make a final decision on the lousy offer by 7 January 2020. Meanwhile, collect your latest ICULS interest by 1 November !!!
ICULS nominal value is 50 sen ie for every1000 ICULS@6% pays total RM30 pa, payable every 6 months in April & October ie RM15 semi-annually till maturity in 31.10.21
With deepest regret >90% n as such no coming EGM with trading suspension fast track to 14 October 2019 but no forced compulsorily acquisition under section 222 (1) CMSA. Dissenting Holders can still choose to accept the lousy share swap offer within the certain time frame allowed or decline to continue hold unlisted YTL Land shares/ICULS thereafter.
@Kris, if I'm a dissenting ICULS holder who opts to hold on to the shares until expiry on 29/10/21, will I be paid a full redemption sum of RM500/1000 shares {besides the annual interest) based on its nominal value of 50sen/share? If the answer is yes, then it's worth holding for the next 2 years.
Ytl cement after delisted, still provide dividend as usual...for ytl land, i suspect will get ntg, as francis sure will hanky panky transfer all land internally...
After delisted, will only get very simple annual report, u wont get much info compare vf listed status.
Tat the sad case, after that ppl still holding ytl land after delisted, realise tat thay get ntg...and holding paper on hand, wanna sell in public oso hard...then wat? Sell it to francis? 30 cents, 20 cents??? Is really up to him and his yeoh family to hv final say...tis is the reality...cruel...
No Kensington as the ICULS is irredeemable, you will not get back your 50 sen in 31.10.21 but only all ICULS interests payable up to that date. On maturity in 31.10.21, your ICULS will be automatically thereafter compulsorily converted to YTLLand shares at the ratio of 1320 ICULS to 1000 YTLLand shares !!!
It is unlikely the Yeoh family will give Dissenting Holders a 'free lunch' now as they already hold all the 'Aces' after getting the coveted >90% acceptance !!!
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
profit profits
475 posts
Posted by profit profits > 2019-09-19 09:06 | Report Abuse
today the trend is bloody fake christian yeoh family is start buying.... for past few days seems like fake buying.
do not sell if price goes up.