Posted by Lukesharewalker > 2018-07-02 19:40 | Report Abuse

now you know why they can run out of door gifts and food vouchers during AGM....hahaha

Posted by ohbeeyee > 2018-07-02 19:42 | Report Abuse

@calvintaneng hahaha..waiting for your comments

Posted by Yh Lee > 2018-07-02 19:46 | Report Abuse

Greedy ppl who made this proposal.
Fxxxk

Posted by luckypunting > 2018-07-02 19:47 | Report Abuse

Assets have not been revalued for many years...NTA now should at least double of 1.48 .... REJECT 0.66 la :D

Posted by luckypunting > 2018-07-02 19:47 | Report Abuse

if offer 2.00 probably can consider :p

Posted by Lukesharewalker > 2018-07-02 19:54 | Report Abuse

Probably do the same for TAGB.
Anybody familiar with MGO proceedings? what happens after rejection?

Posted by calvintaneng > 2018-07-02 19:57 | Report Abuse

LOL!

Wait for Official announcements lah!

Tony, Alicia & Joo Koon are great people!

Posted by luckypunting > 2018-07-02 20:05 | Report Abuse

33% also want to do MGO .... :p
Some more is conditional take over ...

Posted by rabbit1975 > 2018-07-02 20:05 | Report Abuse

If they are great people, how can they offer just RM0.66, What happen if we do not accept the MGO offer?

Posted by RVI123 > 2018-07-02 20:07 | Report Abuse

What a joke! He is offering 66 sen for TA that worth more than RM2.00 per share. He thought that the minorities are uneducated Ah Pek and Ah Ma, don't know how to calculate.

Posted by Lukesharewalker > 2018-07-02 20:14 | Report Abuse

TT would play the waiting games with you. TAGB probably another extension.

Posted by Lukesharewalker > 2018-07-02 20:16 | Report Abuse

hopefully substantial holders would push the share up. finish this rubbish offer

Posted by RosAng > 2018-07-02 20:16 | Report Abuse

So,,wat should we do???tomolo just sell off??

Posted by Seek > 2018-07-02 20:18 | Report Abuse

Not fair but reasonable! That's what the advice by investment bank later.

Posted by dannislow > 2018-07-02 20:20 | Report Abuse

Don sell, keep. This year is good harvest year for ta. Qtr report will be very super geng.

Posted by Lukesharewalker > 2018-07-02 20:23 | Report Abuse

probably accumulate until 50% next....

Posted by Fabien Extraordinaire > 2018-07-02 20:24 | Report Abuse

if the shares price pushed up above 66sen then TT has no choice but to revise the offer upwards.

Posted by calvintaneng > 2018-07-02 20:27 |

Post removed.Why?

Posted by TheContrarian > 2018-07-02 20:29 | Report Abuse

33% is the threshold level that triggers a MANDATORY general offer (MGO). Under the rules, offeror cannot pay more than 66 sen to buy from the open market anymore without having to revise the offer price. Offer price is the highest price the offeror can buy from the open market or from any direct dealing.

Posted by luckypunting > 2018-07-02 20:29 | Report Abuse

DO NOT SELL!! There is a condition that if TT cannot get enough xx% of shares the deal will call off

Posted by dannislow > 2018-07-02 20:29 | Report Abuse

Don worry too much. Let Mr Market tell us. Stay happy.

Posted by luckypunting > 2018-07-02 20:30 | Report Abuse

Need to see the Financial Report who are the major shareholders in the Top 30 list ... whether they are Happy or not :D

Posted by calvintaneng > 2018-07-02 20:38 | Report Abuse

This is what I did with Offers of 13 sen by AmInvestment Bank on behalf of Kerjaya.

When I received the offer letter at 13 sen I just threw it into the dust bin. How to accept 13 sen for GSB when Gsb finally crossed 22 sen?

So when you guys receive the conditional MGO of 66 sen just throw it into the trash can.

66 sen is far too little and I think Tony knows it as well. He has to follow Bursa rules, that's all.

See how high Tony bought TA shares from past records:

DATUK TIAH THEE KIAN 22-Sep-2014 Acquired 150,000 0.953 View Detail
DATUK TIAH THEE KIAN 19-Sep-2014 Acquired 50,000 0.950 View Detail
DATUK TIAH THEE KIAN 18-Sep-2014 Acquired 100,000 0.953 View Detail
DATUK TIAH THEE KIAN 17-Sep-2014 Acquired 100,000 0.958 View Detail
DATUK TIAH THEE KIAN 15-Sep-2014 Acquired 100,000 0.960 View Detail
DATUK TIAH THEE KIAN 12-Sep-2014 Acquired 100,000 0.965 View Detail
DATUK TIAH THEE KIAN 11-Sep-2014 Acquired 144,700 0.963 View Detail
DATUK TIAH THEE KIAN 10-Sep-2014 Acquired 300,000 0.958 View Detail
DATUK TIAH THEE KIAN 09-Sep-2014 Acquired 244,700 0.959 View Detail
DATUK TIAH THEE KIAN 08-Sep-2014 Acquired 300,000 0.965 View Detail
DATUK TIAH THEE KIAN 05-Sep-2014 Acquired 50,000 0.935 View Detail
DATUK TIAH THEE KIAN 04-Sep-2014 Acquired 100,000 0.930 View Detail
DATUK TIAH THEE KIAN 03-Sep-2014 Acquired 200,000 0.928 View Detail
DATUK TIAH THEE KIAN 22-Jul-2014 Acquired 500,000 1.044 View Detail
DATUK TIAH THEE KIAN 21-Jul-2014 Acquired 500,000 1.030 View Detail
DATUK TIAH THEE KIAN 16-Jul-2014 Acquired 740,200 0.990 View Detail
DATUK TIAH THEE KIAN 11-Jul-2014 Acquired 1,000,000 0.960 View Detail
DATUK TIAH THEE KIAN 04-Jul-2014 Acquired 3,399,000 0.944


As you can see

As recent as year 2014 Tony bought TA shares from open market as high as Rm1.04


YES!!!

NO LESS THAN RM1.04 WE WANT

BUT BETTER BE ABOVE RM1.50

SOOOOOOO GOOD!!!

Posted by luckypunting > 2018-07-02 20:43 | Report Abuse

many foreign funds who hold TA will likely IGNORE the offer :p It is an insult to them!

Posted by RosAng > 2018-07-02 20:44 | Report Abuse

Trust u Calvin,,dun bring us to holland...running out of bullet now...

Posted by calvintaneng > 2018-07-02 20:48 | Report Abuse

Let's hear Tony preaching

https://www.youtube.com/watch?v=Q2XafvbjlkE

Posted by free2invest > 2018-07-02 20:49 | Report Abuse

So stingy! Anyway I will hold tight till they revise, because at current offer price it is really under value the company.

Posted by Fabien Extraordinaire > 2018-07-02 20:58 | Report Abuse

tomorrow onwards are exciting times

Posted by calvintaneng > 2018-07-02 21:00 | Report Abuse

Not stingy lah

The conditional MGO was triggered when Tony bought an adiitional 14.3 millions TA shares from open market

His shares increased from 32.24% to cross 33% at 33.08%!

See
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5843229

It is a Bursa requirement for Major Owner to make conditional MGO as a formality.

Not compulsory at this stage. If Tony gets 90% then MGO turns compulsory

What will happen?

1) Tony might continue to accumulate undervalue TA shares

2) Market might sit up and take notice and buy into TA

So please trade carefully.

Posted by RosAng > 2018-07-02 21:00 | Report Abuse

Everyday up ka??

Posted by luckypunting > 2018-07-02 21:00 | Report Abuse

TAGB will be Same fate? :p

Posted by luckypunting > 2018-07-02 21:05 | Report Abuse

so if more than 10% shareholders Don't sell .. the deal will call of .... and in the process price might Go Up. Trade Carefully!

Posted by singh1 > 2018-07-02 21:28 | Report Abuse

Be patient, let nature take it's course. Have faith and be rewarded, Like Calvin has pointed out, the company has to follow Bursa rules and the offer price is at the last closing price. Of course we are not selling at this low price. Those who sell are likely not keeping up with the news.
It makes me wonder though what will happen to TAGB ?? if Datuk takes over all TAGB shares held by TA, he and family will have close to 80 % , leaving very little in the open market. I believe TAGB is his real target of takeover or the bigger target in this whole package.

Posted by Lele > 2018-07-02 21:28 | Report Abuse

RULES ON TAKE-OVERS,
MERGERS AND COMPULSORY
ACQUISITIONS

https://www.sc.com.my/wp-content/uploads/eng/html/resources/guidelines/tom/160815/tom_rules_160815_complete.pdf

Posted by villa1668 > 2018-07-02 21:30 | Report Abuse

Confirmed i will throw the offer letter into dustbin.

Posted by apolloang > 2018-07-02 21:32 | Report Abuse

why dato butaland hold over 50% no MGO?

Posted by villa1668 > 2018-07-02 21:33 | Report Abuse

If we wanna sell at 0.66, why we need to hold it until today?

Posted by Sslee > 2018-07-02 22:06 | Report Abuse

Dear all,
I do not think Datuk Tiah is insulting anyone by offering a conditional mandatory take- over at the offer price of RM 66 cents per share.
If you look into SC rule and regulation on takeover/merger/acquisition that is what the rule and regulation governed 33% threshold on conditional mandatory take-over and the formula use to calculate the offer price.
Datuk Tiah is following the law in his eagerness to increase his holding above 33%. (The other way is by SC and shareholder approval to waive the conditional mandatory take-over, if major shareholder wish to increase his holding above 33%)
Datuk Tiah is actually doing a favor to all the minority shareholders in unlocking the true value of TAE by his intention and willingness to purchase from open market to above 33% thus trigger the Conditional mandatory take-over. I do not think Datuk Tiah wanted to take TAE private, he is strictly following the law so that he can increase his TAE shareholding. It is my hope with clear intention and action by Datuk Tiah more people will start to see the value of TAE and hopefully we should see TAE trade above RM1.00 very soon

Thank you

Posted by free2invest > 2018-07-02 22:08 | Report Abuse

Villa1668, I will sell the offer letter to old newspaper vendor. :)

Posted by RVI123 > 2018-07-02 22:12 | Report Abuse

I know a few friends who bought at prices more than RM1.00 many years ago (abt 8 to 9 years). They curse that they are onboard a pirate ship.

Posted by ironcrowz > 2018-07-02 22:20 | Report Abuse

my TP was first RM1.50, then i revised it to RM2.12, now i'm happy that everyone decided to ignore his offer of RM0.66 :)

Posted by prudentinvestor > 2018-07-02 22:48 | Report Abuse

No one will accept his offer. He will just waste a couple of hundred thousand Ringgit.

Posted by apolloang > 2018-07-02 22:50 | Report Abuse

datuk calvin Johor buddies no counter offer from tony at 67cts? hahaha

Posted by luckypunting > 2018-07-02 23:33 | Report Abuse

more people will take note of this MGO .... :p

Posted by ZEPAN > 2018-07-03 04:10 | Report Abuse

Friends, exciting times are ahead for us the minority shareholders. You all said it all, because of the MGO, people will now take note of TA MGO, so hang on tight and let's see how far the share price will go up to.

Posted by ZEPAN > 2018-07-03 04:15 | Report Abuse

villa1668 Confirmed i will throw the offer letter into dustbin.
02/07/2018 21:30


Good decision brother, I support it and so will many others.

Posted by super888 > 2018-07-03 07:29 | Report Abuse

no hope already this counter, mati juga tak bawa duit. kasi orang itu makan duit saja

Posted by ZEPAN > 2018-07-03 08:05 | Report Abuse

super888 no hope already this counter, mati juga tak bawa duit. kasi orang itu makan duit saja
03/07/2018 07:29


Says who? You?????

Posted by newbie911 > 2018-07-03 08:08 | Report Abuse

Rm0.66 only, wtf.
Price now alr Rm0.66.
Why not offer Rm1 minimum?

Posted by PenguinDad > 2018-07-03 08:08 | Report Abuse

NTA RM1.48 and takeover price RM0.66. Good luck!!!