Posted by Sslee > 2023-10-26 12:26 | Report Abuse

Dear SC and Bursa,

I refer to below link:
https://www.sc.com.my/api/documentms/download.ashx?id=b59a0f5d-c414-4c27-b1c2-37ad15072d47

Annual General Meeting CORPORATE GOVERNANCE CHECKLIST FOR SHAREHOLDERS
Co-author by SC, Institutional Investors Council Malaysia and MSWG

As a minority shareholder I had played my role and held up my end of the bargain in holding BOD/Management responsible, accountable and answerable at AGM Q&A as espoused by the above link.

I am asking now, the SC/Bursa as market regulator and investigator please exercise your regulator and investigation power entrusted to SC/Bursa to call up the related party to investigate without prejudice HRC’ BOD have failed to carry out their fiduciary duty and in breach of Companies Act 2016: Section 213: (1) A director of a company shall at all times exercise his powers in accordance with this Act, for a proper purpose and in good faith in the best interest of the company.

Posted by qqq47660 > 2023-10-26 13:10 | Report Abuse

i like epm.........i got epm yesterday

Posted by Johnchew5 > 2023-10-26 13:18 |

Post removed.Why?

Posted by Johnchew5 > 2023-10-26 13:20 |

Post removed.Why?

Posted by StartOfTheBull > 2023-10-26 14:03 | Report Abuse

SSLee was actively promoting Hengyuan when the price was RM7, today price is RM3.19.
SSLee advised i3 readers to avoid Capital A when the price was below 70c, today price is 88c.

Salute SSLee. 👏

Posted by ocbc > 2023-10-27 16:15 | Report Abuse

Insas "cantik" promoter long time never see here already.....

Posted by Sslee > 2023-10-27 17:04 | Report Abuse

General Meeting
Date & Time: 27-Nov-2023 11:00
Depositor Date: 17-Nov-2023
Venue: Online Meeting

This year still online AGM.
Will prepared my send in advance INSAS AGM meeting questions when 2023 Annual report is out.

Posted by TiGongPoPiPopi > 2023-10-28 10:41 |

Post removed.Why?

Posted by xskyriver > 2023-10-28 10:52 | Report Abuse

Abang Sslee,
Please ask BOD to give more dividends...
🙏🙏🙏

Posted by Tatooine > 2023-10-28 11:08 | Report Abuse

Hi, I am new here but hold Insas Shares.
The minimal dividends Insas give yet receive good dividends from Inari etc are because major shareholders hoarding cash.
They are nearly at a point where they can take Insas private by using shareholder money is my guess (only a guess)
If they gave good dividends, they would not have over RM1 Billion in cash in the bank, let alone all the assets.
Based on the Annual Report, there are 663,020,762 shares, of which major shareholders have 364,688,899. That leaves just 298,331,863. The current Net Asset Value is 3.53. So even if they offer RM2.70 a share to take private (which they could do tomorrow or wait for more shareholder cash to come in), which costs RM 805,496,030 , obviously, they would not use all the cash, banks would line up to loan them any cash they need as to take private they would not need to sell and assets and keep making lots of profit each year.
Thong and family's current value of shares is RM 328,220,009 , if you take off 805,496,030 from RM 2,342,233,000 as per the annual report that means they then have a value of RM 1,536,736,969.90 . Obviously, there are other things and this is a very simple analysis, but it is obvious what the plan is and why the dividends are so small.
How the independent directors do not challenge why a positive cash-generating company like this needs over RM1 Billion cash sitting in a bank and refusing to distribute to shareholders is a big question. If any figures here are wrong, please let me know, and will change them.
Just my 2 cents....

Posted by angrycat > 2023-10-28 11:26 | Report Abuse

Kenanga investment bank issue a structure call warrant for insas yesterday, maybe something is happening , stay tuned

Posted by Sslee > 2023-10-28 11:45 | Report Abuse

@Tatoonie
Dato’ Sri Thong Kok Khee and PAC now hold 32.96%

As at 30 September 2022
Y.A.M. Tengku Puteri Seri Kemala Tengku Hajjah Aishah Binti Almarhum Sultan Haji Ahmad Shah, DK(II), SIMP holds 121,992 Insas share or 0.02%
Dato’ Wong Gian Kui holds 462,160 Insas share or 0.07% Dato’ Dr. Tan Seng Chuan holds 350,000 Insas share or 0.05%

Question:
Company secretary, since Y.A.M. Tengku Puteri Seri Kemala, Dato’ Wong Gian Kui and Dato’ Dr. Tan Seng Chuan cumulatively hold (0.02 + 0.07 + 0.05) = 0.14% Insas share and since all of them are directors of Insas Berhad hence are Y.A.M. Tengku Puteri Seri Kemala, Dato’ Wong Gian Kui and Dato’ Dr. Tan Seng Chuan be considered as persons acting in concert (PAC) of Dato’ Sri Thong Kok Khee?

Question:
If the answer is yes then Dato’ Sri Thong Kok Khee and PAC now hold (32.96+0.14) = 33.1% above the 33% MGO threshold.

Answer:
Y.A.M. Tengku Aishah, Dato’ Wong and Dato’ Dr Tan have declared that they are not persons acting in concert with Dato’ Sri Thong Kok Khee.

Posted by Sslee > 2023-10-28 11:49 | Report Abuse

Dato’ Sri Thong Kok Khee + Dato’ Thong Kok Yoon deemed interest: 25.05 +11.19 - 3.28 = 32.96% Since Dato’ Sri Thong Kok Khee and PAC hold 32.96% and Insas cannot do any SBB that will result in Dato’ Sri Thong
and PAC trigger the 33% MGO threshold provided Dato’ Sri Thong and PAC seek and table a SBB MGO waiver for shareholder approval.

Question:
Why the Board table Ordinary Resolution 7 – Proposed renewal of authority for the Company to purchase its own shares without Dato’ Sri Thong and PAC seeking to table a SBB MGO waiver for shareholder approval?

Answer:The renewal of authority will provide flexibility to the Company for any possible share buy-back activities and to avoid any delay and costs involved in convening general meeting to approve such share
buy-back authority in the event:
(i) the shareholdings of Dato’ Sri Thong and PAC reduce to a level which allows such Share Buy-Back scheme to be undertaken; or
(ii) Dato’ Sri Thong and PAC seek and obtain waiver of MGO from the shareholders and relevant regulatory authorities.

Posted by Sslee > 2023-10-28 11:53 | Report Abuse

https://www.insas.net/ar-gm.html

You can read: https://www.insas.net/pdf/Appendix%20B_Key%20Matters%20Discussed_60th%20AGM.pdf

Key matter discussed 60th AGM

Posted by xskyriver > 2023-10-28 13:39 | Report Abuse

Sad, looks like just another 2.5sen dividend again...

BTW, ikan bilis is so brave, no give face to BOD at all. 😂
But seems like the BOD tak kisah also, die die twist here twist there don't want to give extra dividend.

7.
Dear BOD, kindly give us some e-vouchers, food vouchers
or e-wallet (no discount voucher please) for being loyal
shareholders and attending this meeting. Times are bad
now. Please be considerate to us shareholders during these
trying time. TQ

11.
Chairman, CEO.
By holding virtual AGM, it shows both of you still do not
have the courage to face the shareholders.
Two of you still hiding behind the video camera.
You do not or selectively answer shareholders' questions by
having virtual AGM.
It is better for both of you to resign since you do not want to
face the shareholders physically.
Thousands of people attend physically GE 15 public rally.

22.
In good time, management give reason of potential investment therefore need to reserve cash and cannot give better dividend.
In bad time, reason is the future outlook is uncertain and preserve cash is the priority.
So when do the BOD and management opinion is the best time to frank higher dividend to shareholder?

23.
Please be consistent:
On the one hand, the massive remuneration to the key
stakeholders is justified on the basis on earnings.
On the other hand, you say a higher dividend is not justified
on grounds that the earnings were potentially one off and
non-recurring.
Find a way to eatable minorities to enjoy price discovery of
this business. The spoils right now are just being enjoyed
by a couple of individuals.

Posted by Tatooine > 2023-10-28 13:52 | Report Abuse

Name of substantial
shareholders
No. of
ordinary
shares
%
1. Dato’ Sri Thong Kok
Khee *
166,064,962 25.05 %
2. M & A Investments
International Limited 124,420,289 18.77%
3. Dato’ Thong Kok Yoon ** 74,203,648 11.19%
* Direct and deemed interest by virtue of his family
members’ interest and his substantial interest in M&A
Investments International Limited, Immobillaire Holdings
Sdn Bhd, Baktihan Sdn Bhd, Winfields Development Sdn
Bhd and Montprimo Sdn Bhd.
** Direct and deemed interest by virtue of his family
members’ interest and his substantial interest in Perak
Traders Holdings Sdn Bhd and Baktihan Sdn Bhd.

Posted by Tatooine > 2023-10-28 14:02 | Report Abuse

INSAS board will never give proper answers... RM1 Billion in the bank , should give bumper dividend. Net Value is Rm3.35 yet share price lower than net cash position, let alone all the assets the company owns. One of the worst ratios in the market. The market knows Thong and family too tight to do anything to distribute money to minority shareholders. Independent directors all friends etc so will just go along and collect directors fees. Need to get 10% of shareholders together and call AGM to force publicity that shareholders want cash distributed. Then Thong becomes very public which he does not like. they will vote against and abuse there majority position but what else to do.

Posted by Sslee > 2023-10-28 14:10 | Report Abuse

1. Dato’ Sri Thong KokKhee * 166,064,962 25.05 %
* Direct and deemed interest by virtue of his family members’ interest and his substantial interest in
- M&A Investments International Limited,
- Immobillaire Holdings Sdn Bhd,
- Baktihan Sdn Bhd,
- Winfields Development Sdn Bhd and
- Montprimo Sdn Bhd.

3. Dato’ Thong Kok Yoon ** 74,203,648 11.19%
** Direct and deemed interest by virtue of his family members’ interest and his substantial interest in
- Perak Traders Holdings Sdn Bhd and
- Baktihan Sdn Bhd.

Note: Baktihan Sdn BHD hold 3.28% insas share which was included in Dato’ Sri Thong KokKhee * 166,064,962 25.05 % * Direct and deemed interest and so are M & A Investments International Limited 124,420,289 18.77%

Baktihan Sdn BHD 3.28% insas share was also included into Dato’ Thong Kok Yoon ** 74,203,648 11.19% ** Direct and deemed interest.

Hence Dato’ Sri Thong Kok Khee + Dato’ Thong Kok Yoon deemed interest: 25.05 +11.19 - 3.28 = 32.96%

Posted by Sslee > 2023-10-28 14:13 | Report Abuse

If any stock raider wants to challange Dato’ Sri Thong Kok Khee + Dato’ Thong Kok Yoon deemed interest: 25.05 +11.19 - 3.28 = 32.96%. They are most welcome to do so and unlock Insas value.

Posted by Tatooine > 2023-10-28 14:50 | Report Abuse

Thanks, then prior to AGM we need to get everyone to vote against AGM resolutions in particular director renewals. I am already reaching out to minority shareholder watch group to see if that is any help.

Posted by Sslee > 2023-10-28 18:41 | Report Abuse

3.1 Dato’ Dr. Tan Seng Chuan
3.2 Ms. Soon Li Yen
3.3 Datuk Mohamed Arsad Bin Sehan

Dato' Dr. Tan Seng Chuan is a good technical director incharge of Inari on behalf of Insas.

As of the other two directors I am not sure what is their function or contribution?

Posted by Tatooine > 2023-10-28 21:59 | Report Abuse

He also voted not to return funds to shareholders so all resolutions should be voted against. Thong treats this like his own company and time to change.

Posted by stockraider > 2023-10-28 22:39 | Report Abuse

Support lah....insas....at least they are willing to pay div of 2.5 to 3.0 sen pa loh!

Posted by TiGongPoPiPopi > 2023-10-29 09:03 |

Post removed.Why?

Posted by Sslee > 2023-10-29 09:09 | Report Abuse

Should any Insas shareholders wish to include a motion of dividend 2.5sen + 3sen at the upcoming Annual General Meeting, please take note of the steps below.

Pursuant to Section 323 of the Companies Act, a motion may be requisitioned by shareholders if it is requisitioned by:

(i) members representing 2.5% of the paid-up capital with voting rights; or

(ii) at least 50 members with the right of vote, where the average paid-up sum for each member exceeds RM500 per .

Posted by xskyriver > 2023-10-29 09:11 | Report Abuse

Yala, so stingy,
With current cash on hand, if every year give 5 sen dividend pun,
Can continue give for 25 years also tak habis lagi.

Posted by Sslee > 2023-10-29 09:19 | Report Abuse

Insas hold 537,008,575 inari share and Financial assets at fair value through profit or loss, as at 30/6/2023 mark to market value: RM 222,832,000 which together give Insas Year end 30/6/2023 Dividend received of RM 56.521 million

Posted by Sslee > 2023-10-29 09:22 | Report Abuse

This year dividend should be better than last year 2.5 sen. Need to wait for annoucement of quarter end 30/9/2023 result at end November to know the dividend.

Posted by xskyriver > 2023-10-29 09:34 | Report Abuse

Insas stock total have 693m of shares.
If each share give 5sen dividend, it only cost 34.65m...
(I am calculating it correctly?)

Inari's dividend alone already give Insas 56m...
Then they give so little to Insas shareholder...

Posted by TiGongPoPiPopi > 2023-10-29 12:45 |

Post removed.Why?

Posted by Sslee > 2023-10-29 13:25 | Report Abuse

Insas number of shares issued : 663,020,762 (excluding 30,327,291 treasury shares)

Posted by stockraider > 2023-10-29 14:28 | Report Abuse

Sifu Sslee,

Has written to Insas BOD requesting for higher dividend, this coming AGM ?

Posted by Sslee > 5 hours ago | Report Abuse

Insas hold 537,008,575 inari share and Financial assets at fair value through profit or loss, as at 30/6/2023 mark to market value: RM 222,832,000 which together give Insas Year end 30/6/2023 Dividend received of RM 56.521 million


Sslee

2,894 posts

Posted by Sslee > 5 hours ago | Report Abuse

This year dividend should be better than last year 2.5 sen. Need to wait for annoucement of quarter end 30/9/2023 result at end November to know the dividend.

Posted by xskyriver > 2023-10-29 20:19 | Report Abuse

Ok, I register for the coming AGM liao.
Ini kalilah.

Posted by Tatooine > 2023-10-29 22:20 | Report Abuse

Net Book Value of company is RM 3.53 , of which RM 1 billion is cash. With 630 million shares the company could give a RM 1 Dividend and have no effect of investments. Why should anyone be happy with a miserable 2.5 cents

Posted by Mikecyc > 2023-10-30 06:11 |

Post removed.Why?

Posted by Huangbk72 > 2023-10-30 06:30 | Report Abuse

U complain SSLee twist and turn when he clearly posted answer in Insas thread. Just because you don’t understand financials, ask someone who does or no mirror ka?

Complain others twist and turn. U are worse, no twist and turn.. Only runaway scared to answer 😂😂😂

loganathan is my id because we both posted “ Through the roof”?? Then I have many aka then

What a sore loser and a runaway when tested 🤣

I wonder if anyone has IQ as low as you that can fabricate that kinda evidence

Posted by Sslee > 2023-10-30 07:20 | Report Abuse

Repost:
Is that sooooooo stupiiiiiiid someone=Mike-tikus/Johnchew1-5 cannot read nor understand what I posted on:
M&A Securities SDN BHD financial highlight: A 100% holding of Insas before RTO of SYF.

FYE 30 June
2019 2020 2021 2022
RM’000 RM’000 RM’000 RM’000
Revenue 26,314 36,978 68,906 48,541
Other items of income
15,791 18,646 33,291 28,900
Items of expense (33,353) (42,855) (77,420) (54,632)
PBT 8,752 12,769 24,777 22,809
PAT 6,552 9,172 18,764 17,916

Can anyone understand english kindly explain to sooooo stupiiiiiid why staff expense increase in 2021.
2020 item of expenses RM 42.855 million. PBT RM 12.769 million
2021 item of expenses RM 77.420 million. PBT RM 24.777million

RI of Insas-PB with free Insas-WC is a way to reward shareholders. You can either sell your entitlement or subscribe for the RI
I subscribe for my RI entitlement with 10% excess application and later sold the WC for a 6 digit gain.

Someone is very jeleous I make 6 digit gain from the WC.
Recently bought back some WC because history will repeat again. In the past someone promote PA, and WC rocket pass PA. Now that someone day and night promote Jaks hence WC will/shall rocket pass Jaks soon.

去年同期脱售联号公司所有股权录得1亿3130万令吉一次性收益，托高了对比基数
One-off exceptional gain on deemed disposal of equity interest in associate companies of RM 131.3 million.
Do anyone know what is deemed disposal?

Associated co - Inari completed private placement of 10% share at RM 3.10, way above its NTA per share, & insas needs to account for its equity accounting (Inari) share of share capital/reserve increase of RM 131.3 million, purely accounting treatment in compliance with FRS. Non cash flow but increase in assets.
Balance sheet the non current asset associate companies value increase by RM 131.3 million.

Did someone know Jaks every year PP way below NTA?

Insas still hold 537,008,575 inari share (associate company) and
1,215,718,665 M&A an effective holding of 60.83% subsidiary company of Insas.
Know what is the market value of 537,008,575 inari share and 1,215,718,665 M&A share?
Know insas yearly dividend income from Inari alone?
Year end 30/6/2023
Dividend received: RM 56.521 million

Since when a car rental business in Singapore is profitable?
Someone must be smart to dispose capitalA for disposal gain before Covid-19 strike. Only dumb dumb hold Icapital TTB still holding capitalA before covid-19 untill now. Most likely TTB will still dumb dumb hold capitalA till suspension and delist

By the way Omesti is not an Associate company of insas: In balance sheet it is one of many equity investment held in current assets: Financial assets at fair value through profit or loss, as at 30/6/2023 that assets at mark to market value: RM 222,832,000

As at 30/06/2023
NAPS: RM 3.53
Deposits with licensed banks and financial institutions: RM 943,505,000
Cash and bank balances: RM 104,747,000
Total: RM 1,048,252,000
Less:
Cash and bank balance pledged: RM (2,376,000)
Fixed deposits pledged: RM (233,801,000)
Free Fixed deposits and cash and bank balance: RM 812,075,000
Year end 30/6/2023
Interest received: RM 25.349 million

2023 EPS: 18.51 sen
2022 EPS: 32.44 sen
2021 EPS : 37.06 sen

Know what is EPS of Jaks for the past 3 financial year?

Posted by Sslee > 2023-10-30 07:43 | Report Abuse

On 43.4% associate companies Melium and Dome cafe. Insas only provide seed money and both are on the way to be listed in Bursa prior covid. But during covid both companies suffered lose and thus the listing has to be deferred.

Posted by Sslee > 2023-10-30 07:48 | Report Abuse

By the way if anyone of you have a good sdn bhd company and you intend to expand your business and go for listing in the future you are most welcome to contact Insas CEO Dato' Wong. Insas has a warchest of billion to help you and M&A sucurities for your Bursa listing requirement.

Posted by Mikecyc > 2023-10-30 07:49 |

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Posted by Mikecyc > 2023-10-30 07:51 |

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Posted by Mikecyc > 2023-10-30 07:53 |

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Posted by Mikecyc > 2023-10-30 07:57 |

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Posted by Huangbk72 > 2023-10-30 08:00 |

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Posted by i3lurker > 2023-10-30 08:57 | Report Abuse

Satanic Accuser Johny aka MikeCheatYouCrazy always sounds like a greedy homeless guy, scrabbing dirt for money.
There is only so much you can eat and wear and stay.
Most people reach comfort zone even at M40 level.
Then they want their companies to be listed to future generations even if it meant share profits with public.
People are not like what Satanic Accuser Johny aka MikeCheatYouCrazy say like Sdn Bhd got profits just keep for ownself use.

Posted by Tatooine > 2023-10-30 09:04 | Report Abuse

I will be getting enough people to force a rm1 one off dividend paid from cash bank balance. Time to return funds to shareholders

Posted by Mikecyc > 2023-10-30 09:13 |

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Posted by TiGongPoPiPopi > 2023-10-30 09:30 |

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Posted by Mikecyc > 2023-10-30 21:34 |

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Posted by Felix1510 > 2023-10-30 21:52 |

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