I agree as shareholder of TAE it makes sense to buy TAGB as it is such a steal at 28cts per share vs the RNAV of between 110cts to 117cts.
You can’t lose at that bargain price Covid or non Covid as markets will recover eventually as can be seen right now as countries are opening up and the TAE Group has more than RM1bn cash to weather this through.
However even that there is deep values in both TAE and TAGB Tony Tiah does not have a good reputation in treating minority shareholders so it is best to get out as he will continue to try to squeeze them.
This is very sad and perhaps the MSWG should look into and attend the EGM of TAE to speak out on their behalf.
Hotel is a long term bizness and no doubt will face better times. As minority shareholder shall we hold it for long term knowing that Tony Tiah doesn’t treat us with respect. As a seasoned broker her can always manipulate the price downwards unlike Robert Kuok where Shangri la Asia is traded highly. He is always trying to squeeze us and even don’t want to pay any dividends for last year. After holding TAGB shares for nearly 10 years I am fed up as he TT is a leapard that won’t change his stripes. When he tried to take over TAE he triggered a GO also for TAG but that time 2 years ago price was 31ct. He doesn’t even have decency to offer 31ct but knock down by 10%!
Don’t trust him that over next 10 years things will change.
TA Hotel Management Ltd Partnership (TAHMLP), a unit of Malaysia-based TA Global Bhd, said the temporary closure since March due to COVID-19 impacted the hotel's business
VANCOUVER: A unit of Malaysian based TA Global Bhd that operates the Trump International Hotel in Vancouver said on Friday it has filed for bankruptcy, blaming the coronavirus pandemic for lost revenue and financial hardship.
TA Hotel Management Ltd Partnership (TAHMLP), a unit of Malaysia-based TA Global Bhd, said the temporary closure since March due to COVID-19 impacted the hotel's business.
Vancouver-based developer Holborn Group, which owns the tower, licensed the Trump name for the project under a 2013 agreement. The 69-story luxury hotel in downtown Vancouver opened in 2017 amid protests against U.S. President Donald Trump.
"Its ongoing expenses since the outbreak of COVID-19 and lack of revenue has placed TAHMLP into a position of insolvency," a statement on the company website said.
Documents filed in Canada on Thursday showed that TA Hotel Management Ltd Partnership owes C$4.79 million ($3.66 million) and has total assets of C$1.1 million. TA Hotel Management leased the hotel premises and operated it, according to the statement.
In 2019, the hotel's revenue dropped 4% due to a decline in food and beverage sales, according to TA Hotel Management's annual report.
TA Global Bhd and Holborn Group did not respond to requests for comment.
Grant Thornton Ltd has been appointed as the trustee. A meeting of creditors will take place on Sept. 16.
The Trump International Hotel in Vancouver is closing due to the operator filing for bankruptcy, only three years after the establishment opened amid widespread opposition.
The operator TA Hotel Management Ltd. Partnership filed for bankruptcy late last week, owing $4.79 million and holding total assets of $1.1 million, according to records from the Office of the Superintendent of Bankruptcy Canada.
“Its ongoing expenses since the outbreak of COVID-19 and lack of revenue has placed TAHMLP into a position of insolvency,” the operator said in its website, as quoted by Reuters.
The 69-storey hotel was initially shut down on April 4 due to the COVID-19 pandemic, but staff said that the business is no longer accepting bookings due to permanent closure.
The Board of Directors of TAG wishes to announce that Bursa Securities has, vide its letter dated 7 January 2021, informed that pursuant to Paragraph 16.07(a) of the Main Market Listing Requirements of Bursa Securities, the entire issued share capital of TAG will be removed from the Official List of Bursa Securities with effect from 9.00 a.m., Tuesday, 12 January 2021.
I still holding it. This listed company big share holders were too bad. Why the NTA for the TA (RM1.33) and TAGB (RM0.53) then they can offer too low price? In future, these types of big share holders holding the shares, totally cannot invest.
I would like to ask, if the unreasonable offer price refuse to accept. Even it not list in the public share, if still can hold for it? Of course not expect any dividend, if got then as treat as bonus. It still as the minor share holder or just hold it until the company end.
Subsidiary filed for bankruptcy also no reaction. Pet Pawful is a personal blog about Dog Training, Care, Health and Guides. Let's uncover everything you need to know to live with and raise your dog. https://petpawful.com/
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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....
Lele
523 posts
Posted by Lele > 2020-06-03 06:25 | Report Abuse
不是我不喜歡他,是因為太了解他。最近新聞報道和網站留言,感覺也有很多人不喜歡他。哈哈!TA & TAGB 在商場的[ 信用 ]已經沒有了。沒有信用了,你說會有人要投資嗎?你們要注意!TT是一位很貪心不足的人,為了個人利益,他可以出賣整個森林。哈哈!我媽媽以前和他父母是鄰居啦!我母親有說他家的故事給我知道。所以我一路來都不鼓勵你們投資TA & TAGB。玩玩可以,投資就不能。
現在把球踢給TA的小股東決定了。今天TAGB股價應該是0.23左右。哈哈!