Posted by HC Lee > 2014-01-15 10:42 | Report Abuse

Good job jking.....let's keep up the pressure and set their pants on fire for offering such low prices. The fight has just began.

Posted by sudahkena > 2014-01-15 11:12 | Report Abuse

Wonder if offerer read today the edge....

Posted by HC Lee > 2014-01-15 11:17 | Report Abuse

Ha ha...99.9% they will read. Hope they take action on our grouse. Otherwise we make them kapoot.

Posted by sudahkena > 2014-01-15 11:23 | Report Abuse

2 days b4 bod announce accept or reject.....

Posted by HC Lee > 2014-01-15 11:44 | Report Abuse

BOD will let the shareholders decides...i dun think they will decide for shareholders.

Posted by ruslimz > 2014-01-15 11:57 | Report Abuse

lets wait how BOD reply to the letter by 20 jan. BOD can request for extension of date or the offer will lapse if no reply before 20 jan.....

Posted by sudahkena > 2014-01-15 12:07 | Report Abuse

Usually they will accept.... hemm...

Posted by prahadude > 2014-01-15 13:41 | Report Abuse

good job
http://www.theedgemalaysia.com/business-news/271292-maa-news-perak-corps-minority-shareholders-deem-offer-price-as-too-low.html

Posted by lwalk > 2014-01-15 14:40 | Report Abuse

accumulation over... now push up?

nice article in the edge. big thanks to the team initiating the Perak Corp minority shareholders movement :D excellent job!!

Posted by sudahkena > 2014-01-15 14:54 | Report Abuse

Waiting bod announcement..... maybe can close to offer price..

Posted by sudahkena > 2014-01-15 15:12 | Report Abuse

About the offer.. b4 20 jan...

Posted by lwalk > 2014-01-15 15:17 | Report Abuse

either 3.90 or more if offer price rejected..
either way oso win right?

Posted by HC Lee > 2014-01-15 15:49 | Report Abuse

Mun hong..go to bursa malaysia website and see the offer letter. Prkcorp must give a reply to their offer by 20th. I think most likely BOD will let the shareholders make the final decision.

Posted by sudahkena > 2014-01-15 18:48 | Report Abuse

Bod respond today... very fast..

Posted by HC Lee > 2014-01-15 19:25 | Report Abuse

I think the price will start to climb up from now. Still got about 20 cts to make with little risk. We'll give them a pleasant and unforgetful surprise at the egm.

Posted by JKing > 2014-01-15 20:40 | Report Abuse

now the bod has confirm that it has accepted the SCR and will table to shareholder for approval. Affin is selected as MI adviser, let's see what Affin will say. unfair but reasonable........

Posted by iafx > 2014-01-15 22:04 | Report Abuse

or unreasonable but fair... sigh

Posted by voonvoon > 2014-01-16 08:58 | Report Abuse

an ideal.. minority shareholders can consider take over the company with offer them RM6 per share. equal to RM4.20 per share after reducted from cash on hand. Thereafter appoint JP Morgan or any 3rd party sell the assets. If the current value is RM12 and we able to sell it at RM9, we are gaining RM3 per share x19 = RM57. Multiple 19 is because of take over the less of 95% shares not belong minority shareholders. Fund might be able accumulate from Bank loan. 50% bank loan on assets, bank might happy to deal on it.

Posted by JKing > 2014-01-16 09:10 | Report Abuse

prkcorp article is on sin Chew today.

Posted by cgtan2020 > 2014-01-16 09:24 | Report Abuse

also appear in Guang Ming

Posted by multi530 > 2014-01-16 09:36 | Report Abuse

how about english news paper, look like silent sahaja

Posted by HC Lee > 2014-01-16 09:39 | Report Abuse

multi530...look at yesterday posting for the edge link.

Posted by HC Lee > 2014-01-16 10:14 | Report Abuse

Any counter tat got corporate activities sure attract the sharks..nothing unusual.

Posted by JKing > 2014-01-16 10:24 | Report Abuse

We are targeting for weekly business english paper where most investor read it. The story will be a comprehensive one.

Posted by lwalk > 2014-01-16 10:36 | Report Abuse

thanks jking!

Posted by JKing > 2014-01-16 12:50 | Report Abuse

create a blog for comments and write up if you want to post your analysis. http://prkcorpminoritygroup.blogspot.com/

Posted by sudahkena > 2014-01-16 14:04 | Report Abuse

Hope can repeat like mbf...... )

Posted by houseofordos > 2014-01-18 14:58 | Report Abuse

haha... another article highlighting Perak Corp unfair privatisation price has surfaced in Focus Malaysia this week.. good job JKing...

Posted by JKing > 2014-01-18 16:57 | Report Abuse

A comprehensive story is on Focus Malaysia for publsihed week of 18 Jan 2014. Engagement minority shareholder to read to understand the insider story and the valaution of prkcorp together with the intention of MI on the SCR.

Posted by HC Lee > 2014-01-18 21:48 | Report Abuse

MSWG will be having an investor education forum on privatisation with particular focus on recent privatisation exercise including Triumphal and Perak Corp. Place - MSWG Training centre at 10.30 am on 23rd Jan. Also there's an article on Perak Corp in MSWG newsletter..http://www.mswg.org.my/files/editor_files/file/2014_English_Newsletter/Newsletter-11-January-2014-to-17-January-2014-V4.pdf

Posted by sudahkena > 2014-01-18 23:59 | Report Abuse

Also mention the star under - shareholders hope to get higher offer for triumphal privatisation.. mswg already monitor perak corp and triumphal

Posted by JKing > 2014-01-19 16:46 | Report Abuse

HC Lee - this is a very good piece of news. We will work with MSWG

Posted by HC Lee > 2014-01-21 09:11 | Report Abuse

Guys..i have notice that the sharks purposely put a large block to prevent buyers from buying at buyers price. Therefore if you want to buy at buyers price, you need to queue using good till date/cancelled. Otherwise you will have to buy at seller price.

Posted by sudahkena > 2014-01-21 09:21 | Report Abuse

Anyone attend on 23 jan? Can we join the forum?

Posted by HC Lee > 2014-01-21 10:04 | Report Abuse

I understand it's open to the public. All minority shareholders shd attend if you got time. MSWG shd be able to give good advise.

Posted by cgtan2020 > 2014-01-22 11:00 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/01/22/Will-minorities-triumph-in-seeking-higher-value/

Posted by sudahkena > 2014-01-23 21:20 | Report Abuse

How abt forum today? Anyone attend?

Posted by HC Lee > 2014-01-24 10:08 | Report Abuse

The forum was yesterday...anyone attendees can share? I read the focus articles and it is confirmed by Prkcorp officers themselves that the land has never been revalued since the early 1990s. Therefore, it is obvious that the acquirer are trying to privatise it cheaply for themselves.

Posted by limyauc > 2014-01-26 11:29 | Report Abuse

妙的是，一群自称是捍卫霹雳机构小股东的委员会迅速成立，同时要求小股东一起反对。

这似乎没什么不好，奇怪的是，他们似乎不大懂得法律上的权利。

两个星期来，他们自称已有超过7%的股权，不过还忧心忡忡，怕累积不到10%而反对失败。

报章的记者也好象并没有SCR的专业知识，一起和他们担心。

非盈利股东 反对票不得超过10%

其实，根据SCR条例，其中一个通过的条件是涉及献议的非利益股东投的反对票价值不得超过10%，即47.1%乘以10%=4.71%，如果他们得到7%的委托（来反对建议），冒冷汗的该是霹雳州发展局，这项SCR想必无疾而终。

http://www.nanyang.com/node/594584?tid=462

Any expert can comment on this????

Posted by JKing > 2014-01-27 09:31 | Report Abuse

their counter attack strategic to influence weak and short term investor to sell to them at 3.66.

Posted by HC Lee > 2014-01-27 11:04 | Report Abuse

Their only weapon is their threat to delist to force minority to sell to them cheaply.

Posted by sudahkena > 2014-01-27 20:08 | Report Abuse

Bernas fail to private......

Posted by sudahkena > 2014-01-28 07:39 | Report Abuse

But price drop to 3.40....

Posted by HC Lee > 2014-01-28 10:35 | Report Abuse

Price is base more on sentiment and is easily manipulated when it is illiquid. I have computed Prkcorp book value as at 31/12/2012 and it is $5.61 and not $4.66 as reported in the annual report. As at 30/9/2013 ( date of last available financials ), the book value has increase to $6.09. This is based on land that had not been revalued for umpteen years. The $3.90 offer is really cheapskate to the minority.

Posted by ruslimz > 2014-01-28 10:49 | Report Abuse

intrested shareholders did not worry about results of EGM because bursa still will delist bernas any way........

Posted by sudahkena > 2014-02-04 11:52 | Report Abuse

Majority sholders always win..... I will buy more bernas...

Posted by Stockman > 2014-02-17 14:28 | Report Abuse

HC Lee - What is the status of PRKCORP now

Posted by HC Lee > 2014-02-18 01:34 | Report Abuse

Stockman..need to check with Jking. Understand he is fighting for higher prices. This is going to be a long battle...if the experience of other cap reduction case were to be taken into account. I strongly think they won't get it the first round...maybe in subsequent rounds as the shareholdings is quite widespread and Prk govt only had slightly more than 50%.

Posted by leslieroycarter > 2014-02-18 13:35 | Report Abuse

PRKCORP may not has its way coz many objections from minority shareholders...like focal aims and ecoworld , initially offered price was 1.40 but traded more than RM 2.60 ? when listed Ecoworld is 4.00 and above..

Posted by stkoay > 2014-02-18 14:46 | Report Abuse

The stock has been trading at 3.65-3.67 level since its announcement. Everyday you find minority shareholders selling at these level. Not willing lo sell at RM3.90 ??????