Posted by FrankValueInvestor > 2019-06-16 13:54 | Report Abuse

Beside rejecting the offer in shareholder meeting, is there anything we can do? For example, small investor collectively lauched a legal action against the Company under Malaysia Company Law in view of minority shareholder interest badly hit.

Posted by limko1 > 2019-06-16 15:49 | Report Abuse

A repeat of YTL cement, minority shareholders are forever on the shorter end of the stick. Malaysia equities market never treat the minority shareholders fairly, what is the point in investing in Malaysian market?

Posted by miker > 2019-06-16 15:54 | Report Abuse

This company never pay a single sen of dividend for the last 10 years.....also no bonus issue...what a pity. This is a typical Malaysian companies...

Posted by chabalang > 2019-06-16 16:02 | Report Abuse

For YTL Corp to privatise YTL Land via share swap (with ZERO premium) when YTL Land share and ICULS are at/near record low price and at an offer price much lower than its NAV/share (RNAV is much higher)- can be considered as a form of minority oppression. In my personal view, YTL Corp is using the 75% threshold (25% public shareholding Bursa listing requirement) game plan - making minority shareholders' fear of holding shares/ICULS in a 'potential' unlisted entity to push them to take up the inequitable offer. According to the offer letter, the offeror 'on paper' owns 65.26% of YTL Land shares and 78.95% of YTL Land ICULS. We do not know how much are in the hands of 'friendly' parties - I am sure YTL Corp and its advisers have done their homework prior to launching the privatisation share swap offer. If one look at shareholding analysis in YTL Land FY2018 annual report, besides YTL Corp - second largest shareholder is Dato Mohamed Zainal Abidin (direct & indirect stake of 6.17%), presumably he is a 'friendly' party. Please also note an entity named Construction Lease (M) Sdn Bhd. There are hardly any institutional holdings in Top 30 shareholdings, only Dimensional Fund and DFA Funds holding only 1+mln each - too little for them to make much noise.

For oppression of minority shareholders, there are a few recourses available to minority shareholders but most of them are have limited effectiveness or 'too expensive or time consuming' for minority shareholders.

1) Complain to MSWG (Minority Shareholder watchdog group). To me, MSWG is a 'toothless' tiger.

2) Complain to Securities Commission and Bursa Malaysia on the oppression of minority

3) Engage a lawyer on oppression of minority shareholders - too expensive for retail investors

4) Get media to cover the news or using social media to highlight the unfairness of the share swap deal - using public opinion pressure.

Posted by sapurakencana > 2019-06-16 18:18 | Report Abuse

Good idea-Get media to cover the news or using social media to highlight the unfairness of the share swap deal - using public opinion pressure. For New Malaysia we can't let this culture continue,otherwise 97% population will discreminate by the 3% rich people.

Posted by RVI123 > 2019-06-16 18:51 | Report Abuse

I think the Yeoh Family should not resort to this type of dirty trick to enrich themselves. The minorities had faithfully hold on to their shareholdings even though without receiving any dividends. The Yeoh Family has already owned effectively more than 70% of the shareholdings. Why suppress the remaining less than 30% minorities?

Posted by sapurakencana > 2019-06-16 19:36 | Report Abuse

The F4GBM Index measures the performance of public-listed companies (PLCs) that demonstrate strong environmental, social and governance practices. The index was launched in December 2014, with a total of 56 constituents. YTL Group is 1 of them in this group.R u agree the criteria of KLSE selection from the merger of Larfarge Malaysia & YTL Land swap take over.
16/06/2019 6:38 PM

Posted by Leong966 > 2019-06-16 20:12 | Report Abuse

Complain to The Edge .

Posted by gsi723 > 2019-06-16 21:02 | Report Abuse

bursa & SC should not allow this kind of deal that clearly put the owner at advantage, but at the expense of minority shareholder... YTLland doing badly is not at all the minority shareholder fault (except investing in wrong company) but the management..

Posted by multi530 > 2019-06-16 21:36 | Report Abuse

very disappointed with YTL...i just a small fish cannot do anything but i will potong Yes

Posted by multi530 > 2019-06-16 21:38 | Report Abuse

i wouldn't sale my YTL Land share and keep it untill the Kingdom come

Posted by ACE9696 > 2019-06-16 22:52 | Report Abuse

@Multi530: same here

Posted by sapurakencana > 2019-06-17 00:23 | Report Abuse

http://www.mswg.org.my/complaint

Posted by Kris Wong > 2019-06-17 11:33 | Report Abuse

Besides complaining to SC, Bursa, MSWG etc, it can be even more effective if we minority shareholders formed protest group to protest to both the BOD of YTL & YTLLand. Also those who have good connection with various newspapers to seek the newspapers assistance to highlight the extreme unfairness and oppression by the takeover offer under the vile threat of delisting !!! As a last resort, legal action should also be considered by minority shareholders as a group !!!

Posted by hongheng7 > 2019-06-17 14:58 | Report Abuse

Very sad, no media cover the news until now ...

Posted by 1431599283521664 > 2019-06-17 15:04 | Report Abuse

bravo Lafarge minority shareholders. ytl only managed to get 74% acceptance

Posted by multi530 > 2019-06-18 13:35 | Report Abuse

no cash just share swap ...

Posted by kudamuda > 2019-06-18 15:04 | Report Abuse

With YTLCorp now > 75% of YTLLand.. and they purposely don't want to comply with minority shareholding % spread requirement... what will happen next? let the price keep falling and ppl give up & just sold at open market?

Posted by 1431599283521664 > 2019-06-18 15:46 | Report Abuse

@kudamuda i dont get your meaning. Worst to worst is converting to Ytl C ... rIGHT ?

Posted by kudamuda > 2019-06-18 18:23 | Report Abuse

you mean they will also make the same offer to minority shareholder?

Posted by 1431599283521664 > 2019-06-20 12:18 | Report Abuse

genting boss takes 20% pay cut to help shareholders buy yeoh only thinking ways to swallow shareholders.

Posted by money2alvin > 2019-06-23 04:21 | Report Abuse

他真的信主吗？
他是虔诚的基督徒吗？
还是讲一套，做一套的伪君子？
只有天父知道 ....

Posted by lazycat > 2019-06-23 05:35 | Report Abuse

无奸不成商, short term trading ok, but avoid long term holding ytl , berjaya , genting , ioi ,insas , osk this type of family control company , they only serve their own best interests

Posted by chongkahagent > 2019-06-23 21:10 | Report Abuse

Ytl will get bad karma. Nta 0.8 offering 0.36.. robbing shareholder wealth.

True christian my foot

God will punish his entire family soon

Posted by chongkahagent > 2019-06-23 21:10 | Report Abuse

Bursa will hv to reprimand this type of bogus offer

Posted by SittingOnMyArse > 2019-06-25 09:39 | Report Abuse

Francis called the con job 'project velvet"....Piece of Shit

Posted by Kris Wong > 2019-06-25 11:17 | Report Abuse

If this bloody con job is beneficial, both YTL & YTLLand's prices should be up not further down after takeover announcement !!!

Posted by Good123 > 2019-06-28 09:17 | Report Abuse

PETALING JAYA: MIDF Research views YTL Corp Bhd’s proposal to take YTL Land

Posted by Kris Wong > 2019-06-28 12:11 | Report Abuse

It is interesting to know what the recommendations of the independent adviser for the takeover ie. Affin Hwang as only recently it set a target price of only 70 sen with a sell call for YTLCorp !!!

Posted by Alan Teh > 2019-06-29 13:44 | Report Abuse

A nice con job by their families

Posted by dg123 > 2019-06-29 15:04 | Report Abuse

nobody complain here https://www.facebook.com/ytlcommunity/

Posted by Amused123 > 2019-07-01 13:53 | Report Abuse

The YTL corp share price is so low. There is no point accepting the share exchange.

Posted by Hush77 > 2019-07-01 20:20 | Report Abuse

Minority can group and vote against this robbery

Posted by Kris Wong > 2019-07-01 23:01 | Report Abuse

Just because YTLLand is very low profile and insignificant small cap stock, hardly any comments from newspapers, analysts, MSWG etc on the unfair and unreasonable takeover offer by YTL, the controlling holding company. Very disappointed !!!

Posted by SittingOnMyArse > 2019-07-02 09:48 | Report Abuse

Minority can't vote shit...just got kicked in the balls...and YTL Corp share is priced at premium whilst YTLLand is priced at historical low for the share exchange i.e. this how Francis Yeoh is rewarding the YTLLAND minority which have been holding for years...

Posted by Amused123 > 2019-07-02 11:08 | Report Abuse

Accept only if the YTL Corp price is higher. Otherwise hold on to your shares. The current 4 Sen premium is not enough.

Posted by Hush77 > 2019-07-02 11:13 | Report Abuse

most ppl bought ytlland is holding long term...in hope that the prime land in sentul can be realised its value..
but now its eaten up cheap...so i pity those shareholders who all this while stick with the company

Posted by SittingOnMyArse > 2019-07-02 11:32 | Report Abuse

what premium?? YTLCOCK is priced higher for conversion

Posted by ACE9696 > 2019-07-04 07:25 | Report Abuse

served u right YES

Posted by sapurakencana > 2019-07-04 09:22 | Report Abuse

Kris Wong. YTL said government unfair to them in award of interim school internet services to others, does YTL realised that its takeover offer to YTLLand's minority shareholders with the vile threat of Delisting is even more unfair and unreasonable !!!
04/07/2019 9:18 AM

Posted by ACE9696 > 2019-07-04 11:12 | Report Abuse

Apa macam unfair to YES? line & signal pun xstable. enuff rich to the families, don ask for more easy money

Posted by Leong966 > 2019-07-05 08:01 | Report Abuse

Francis always bring in models to enjoy at his top floor office and still talk he is a true Christian ...more like a con man now.

Posted by ACE9696 > 2019-07-06 14:32 | Report Abuse

as the cantonese say 扑街含家殘。

Posted by money2alvin > 2019-07-07 19:34 | Report Abuse

https://www.facebook.com/alfredchen.gp/videos/951375501895449/

Posted by thanaraj > 2019-07-08 17:42 | Report Abuse

Enough of Francis Yeoh as a Christan. Don't sell yr Ytl land now. It is sitting on a priced land. If all YTL land share holders make a stand and refuse to sell their holdings in YTL Land, we can demand higher prices for our shares. Remember we have been penalised heavily by refusing to give us dividends over the last 10 years. Wake up. David Share Holder of both YTL Land and CORP. Agree? Yr responce please.

Posted by thanaraj > 2019-07-08 21:53 | Report Abuse

Just read YTL has bullied the management of YTL Land to deprive the shareholders of paying any dividends over the past years.. One person commented that share holders must bring up this issue of poor management in YTL to MSWG to investigate. But I am sure such a command is far s tretched and I believe that such intervention by MSWG is beyond its authority. Can MSWG confirm my statement. Regards.Thanaraj - shareholder of YTL Land and Corp.

Posted by multi530 > 2019-07-09 07:03 | Report Abuse

MSWG is toothless tiger

Posted by Kris Wong > 2019-07-09 08:42 | Report Abuse

Yes agreed MSWG has so far done nothing much to assist Minority Shareholders in many cases of controlling shareholders bullying/taking advantage of Minority Shareholders in Bursa !!! ie. NATO !!!

Posted by thanaraj > 2019-07-09 17:05 | Report Abuse

I would like to hear from MSWG what it has to say with regard to some unfavourable comments made by one or two share holders on MSWG. This comment by me is done without prejudice to MSWG. Also I would like to hear what the YTL Land board of Directors have to say in response to the adverse comments made by certain share holders that that latter were given very poor treatment given to them vis-à-vis zero zero dividend and the expected raw deal which is to be given to them in the coming exercise by the Board. A, Thanaraj - very long time share holder of YTL Land and Corp.
to say Regards.

Posted by gsi723 > 2019-07-09 23:27 | Report Abuse

we need a tribunal like the one protecting the consumers one for minority shareholders, from falling prey and be at the mercy of the owner/ majority shareholder..