YTL LAND & DEVELOPMENT BHD

KLSE (MYR): YTLLAND (2577)

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0.285

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6 people like this.

708 comment(s). Last comment by Lam LH 2024-04-28 08:58

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.

Kris Wong

435 posts

Posted by Kris Wong > 2019-09-19 09:57 | Report Abuse

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 !!!

Eric6790

211 posts

Posted by Eric6790 > 2019-09-20 00:15 | Report Abuse

isnt privatize or delisting,if delisting how much we can get if we buygo at current market price?

Kris Wong

435 posts

Posted by Kris Wong > 2019-09-20 00:23 | Report Abuse

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 !!!

Posted by profit profits > 2019-09-20 12:57 | Report Abuse

devil yeoh family cannot use conversion of icul to increase their share, that would not significantly increase the percentage.

Lam LH

302 posts

Posted by Lam LH > 2019-09-20 16:29 | Report Abuse

10 more trading days to go.. still under 85%

RVI123

660 posts

Posted by RVI123 > 2019-09-21 00:58 | Report Abuse

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.

RVI123

660 posts

Posted by RVI123 > 2019-09-21 01:27 | Report Abuse

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.

Zhen Wei

1,175 posts

Posted by Zhen Wei > 2019-09-21 03:32 | Report Abuse

Businesses golden time to get privatisation.

Kris Wong

435 posts

Posted by Kris Wong > 2019-09-21 14:26 | Report Abuse

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 !!!

DollyLucky

215 posts

Posted by DollyLucky > 2019-09-23 10:30 | Report Abuse

RVI123 yes......... too rich also no use cannot go heaven

RVI123

660 posts

Posted by RVI123 > 2019-09-24 02:23 | Report Abuse

Tan Sri Chen Lip Keong's offer of RM0.11/Karambunai share which is about 74% of its NTA.

In contrast,

YTL Corp's offer of RM0.36/YTLland share which is about 49% of its NTA.

YTL Corp's offer is ridiculous. Reject the offer.

RVI123

660 posts

Posted by RVI123 > 2019-09-24 02:29 | Report Abuse

@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.

RVI123

660 posts

Posted by RVI123 > 2019-09-24 02:37 | Report Abuse

@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.

Kris Wong

435 posts

Posted by Kris Wong > 2019-09-25 10:19 | Report Abuse

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 !!!

yongch

1,104 posts

Posted by yongch > 2019-09-25 21:58 | Report Abuse

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!!!!

Kris Wong

435 posts

Posted by Kris Wong > 2019-09-26 10:39 | Report Abuse

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 !!!

Lam LH

302 posts

Posted by Lam LH > 2019-09-27 11:04 | Report Abuse

6 more days to go. Looks like DEVILS cannot get the 90pc

Kris Wong

435 posts

Posted by Kris Wong > 2019-09-27 12:07 | Report Abuse

If can't get 90% acceptance, minority shareholders got the chance to meet the 'DEVILS' at the required coming EGM !!!

DollyLucky

215 posts

Posted by DollyLucky > 2019-09-27 15:09 | Report Abuse

Meeting the “devils” soon.

Posted by profit profits > 2019-09-27 16:15 | Report Abuse

anyone want to be my proxy can tell me . My remiser called me again, answer still no

Lam LH

302 posts

Posted by Lam LH > 2019-09-27 16:28 | Report Abuse

when will the egm be held?

RVI123

660 posts

Posted by RVI123 > 2019-09-27 17:19 | Report Abuse

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.

Leong966

83 posts

Posted by Leong966 > 2019-09-27 19:02 | Report Abuse

Listing their shares at 15-20 times PE. Delist the shares at 70% less nta. Relist again at 15-20 PE. CROOKS Family.

Kris Wong

435 posts

Posted by Kris Wong > 2019-09-27 23:46 | Report Abuse

Please be informed that there will be an EGM later only if Yeoh family gets less than 90% acceptance. If they get 90%, no EGM !!!

RVI123

660 posts

Posted by RVI123 > 2019-09-27 23:49 | Report Abuse

@Leong966,

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.

They treat the shareholders like idiots.

Posted by profit profits > 2019-09-30 13:14 | Report Abuse

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.

Posted by profit profits > 2019-10-01 15:27 | Report Abuse

scare games began ....

Leong966

83 posts

Posted by Leong966 > 2019-10-01 17:20 | Report Abuse

Who cares.. final decision already made long time ago..

Kris Wong

435 posts

Posted by Kris Wong > 2019-10-02 12:32 | Report Abuse

Final 3.5 trading days to 7 October, Bursa/SC monitoring any unusual trading volume and price movement for suspected proxy buying !!!

takashi86

747 posts

Posted by takashi86 > 2019-10-02 16:51 | Report Abuse

Wanna see if ytl cant privatize land...then will be the very first time they unable to do so...they ady hit hard wall at lafarge liao

Kris Wong

435 posts

Posted by Kris Wong > 2019-10-04 08:55 | Report Abuse

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 !!!

multi530

342 posts

Posted by multi530 > 2019-10-04 09:09 | Report Abuse

so what we can do now?

Kris Wong

435 posts

Posted by Kris Wong > 2019-10-04 09:23 | Report Abuse

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 !!!

DollyLucky

215 posts

Posted by DollyLucky > 2019-10-04 15:21 | Report Abuse

6% interest means how much?

Kris Wong

435 posts

Posted by Kris Wong > 2019-10-04 15:55 | Report Abuse

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

Kris Wong

435 posts

Posted by Kris Wong > 2019-10-07 10:20 | Report Abuse

D-day today, tonight to confirm fate. May the 'force' be with us against the evils !!!

Leong966

83 posts

Posted by Leong966 > 2019-10-07 19:24 | Report Abuse

We loss

mlike

1,022 posts

Posted by mlike > 2019-10-07 19:30 | Report Abuse

They have 90.45%

Leong966

83 posts

Posted by Leong966 > 2019-10-07 19:32 | Report Abuse

I just wonder how they calculate? They have 750k out of 844k

whkwoon

303 posts

Posted by whkwoon > 2019-10-07 19:34 | Report Abuse

So not compulsory take over?

mlike

1,022 posts

Posted by mlike > 2019-10-07 20:04 | Report Abuse

Only delisted ,we will become unlisted company shareholders and also can attend meetings.

whkwoon

303 posts

Posted by whkwoon > 2019-10-07 20:54 | Report Abuse

What if they combine with Loan stock , How many percent is compulsory takeover?

Kris Wong

435 posts

Posted by Kris Wong > 2019-10-07 22:23 | Report Abuse

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.

Kensington

158 posts

Posted by Kensington > 2019-10-08 13:37 | Report Abuse

@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.

takashi86

747 posts

Posted by takashi86 > 2019-10-08 13:41 | Report Abuse

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...

Kris Wong

435 posts

Posted by Kris Wong > 2019-10-08 14:25 | Report Abuse

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 !!!

Kensington

158 posts

Posted by Kensington > 2019-10-08 15:24 | Report Abuse

Thanks Kris for the clarification. If that's the case holding on to the ICULS until maturity is not such a good deal after all.

Kris Wong

435 posts

Posted by Kris Wong > 2019-10-08 16:09 | Report Abuse

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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