Posted by Johnzhang > 1 month ago | Report Abuse

@Sslee , Give me straight forward answer to my simple question lah !

Posted by Sslee > 1 month ago | Report Abuse

Posted by Johnzhang > Aug 20, 2024 6:23 PM | Report Abuse
@Sslee , you have a billion to lend to us ?
Hehehe….😂

If only I have a billion then I would have take over Insas and increase my wealth to 3 billion+

Posted by GeniusInvestor > 1 month ago | Report Abuse

@Johnzhang, can you please give me straight forward answer as well? don't ask me don't look back..
For Insas, if my enter price is 0.9-1.. and Big boss offer price is 1.15.. I'm sure will take the offer.. and look for other opportunity. Period..

Posted by zhangwin > 1 month ago | Report Abuse

Sslee,

As Johnzhang say, would you accept RM1.15 offer since Insas worth RM3.63 and billion cash? Just a simple yes or no.

Note:Insas NTA RM 3.63 is still the most undervalued stock in Bursa.
Cash alone already billion and still holding 515,008,575 inari share

Posted by GeniusInvestor > 1 month ago | Report Abuse

U guys can take a look on SBagan as well.. it will received a lot of cash from OCBC for great estern share. buy now and hoping it offer RM20.

Posted by TheContrarian > 1 month ago | Report Abuse

Speaking of SBagan I have some shares, my cost around RM3.

Posted by TheContrarian > 1 month ago | Report Abuse

In case none of you are aware, MrSslee was at one time one of the 30 largest shareholder of Insas until he sold off early this year a substantial amount for huge monetary gains.

Posted by Sslee > 1 month ago | Report Abuse

SCR outcome only either remain listing (fail) or delist (success).

But conditional MGO those want to exit with some profit at the offer price are welcome to accept the offer and those do not will still can hold on to their share as the listing status remain.

I will not accept the RM 1.15 offer but I welcome the offer and will be happy if the controlling shareholder can increase his holding to above 50%

Posted by TheContrarian > 1 month ago | Report Abuse

As provided for under subparagraph 2(f) of Schedule 3 of the Rules, the Special Resolution:- (i) must be approved by at least a majority in number of the disinterested shareholders of MPHB and 75% in value of the votes attached to the MPHB Shares held by the disinterested shareholders of MPHB that are cast either in person or by proxy at the EGM; and (ii) must not be voted against by more than 10% of the votes attached to the MPHB Shares held by disinterested shareholders of MPHB of the total voting shares of MPHB.

In Insas' case there are almost 22,000 shareholders (compared to only 10,000 in MPHBCap) and a SCR would be extremely difficult to succeed given that it requires 11,000 shareholders to vote YES.

Posted by Johnzhang > 1 month ago | Report Abuse

@Sslee , welcome an unacceptable offer ? Haha.
I presume you meant wait for others who are equally ‘helpless and powerless ‘ to decide your fake. Don’t you think it is a self fulfilling prophecy?
For a season investor like you , don’t you feel the urge to take small steps to promote minority shareholders activism and to encourage more minorities to stand up against bully? The end results may disappoints but I think a slight effort by many of us shall make some difference in the future. Rome is not built in one day .
—————————-
Sslee wrote:
I will not accept the RM1.15 offer but I welcome the offer..

Posted by Sslee > 1 month ago | Report Abuse

I would not think controlling shareholder of Insas Dato' Sri Thong will think he can privitised Insas by SCR route.

The most he can do is trigger the 33% threshold and offer an conditional MGO and hoping that by converting his Insas-WC, he can increase his holding to 50%+.

Posted by Sslee > 1 month ago | Report Abuse

https://klse.i3investor.com/blogs/Sslee_blog/2023-01-03-story-h-302011975-Fairness_Justice_and_The_Truth.jsp

I attend physical AGM not to collect door gift but to collect name cards.

I had make so many complaints to Bursa and SC on many companies.
I hold BOD accountable, responsible and answerable during AGM Q&A.

Posted by Johnchew5 > 1 month ago |

Post removed.Why?

Posted by Sslee > 1 month ago | Report Abuse

And one of the complaint is about jaks related parties trade and other receivables multi-million impairment.

Very sad Mike-tikus promote jaks day and night 24/7/365 nonstop did not even attend AGM to hold BOD responsible, accountable and answerable.

Really a conman promoting a con company.

Posted by Sslee > 1 month ago | Report Abuse

https://klse.i3investor.com/blogs/Sslee_blog/2021-05-07-story-h1564320380-JAKS_What_should_I_response_Any_advice.jsp

Posted by Johnchew5 > 1 month ago |

Post removed.Why?

Posted by Johnchew5 > 1 month ago |

Post removed.Why?

Posted by Johnchew5 > 1 month ago |

Post removed.Why?

Posted by Johnchew5 > 1 month ago |

Post removed.Why?

Posted by Johnzhang > 1 month ago | Report Abuse

Your behavior has certainly changed, at least in the case of MPHB capital. We can't count on you to promote minority shareholders activism . Not fear mongering and pouring cold water is already a big service from you .

Whether our effort will eventually pay off is yet to be seen .But at least we make some effort and encourage minority shareholders activism along the way .

One or a few people may not make any impact , but 50 or 100 people coming together may bring minorities’ power alive .

I don’t wish to say more .
——————————


Sslee wrote :
I attend physical AGM not to collect door gift but to collect name cards.

I had make so many complaints to Bursa and SC on many companies.
I hold BOD accountable, responsible and answerable during AGM Q&A.

Posted by speakup > 1 month ago | Report Abuse

look at the risk-reward.
if pass, u get 1.70.
if fail, it fall to rm1.
take 13sen or lose 57sen.

Posted by Sslee > 1 month ago | Report Abuse

Our comments:
Based on the above, the SCR Offer Price of RM1.70 per Offer Share represents:-
(i) a discount of 48.01% to the estimated fair value of MPHB Shares of RM3.27 per Share;
and
(ii) a discount of 30.33% and the unaudited consolidated NA of RM2.44 per Share as at
31 March 2024.
Pursuant thereto, we are of the view that the Proposed SCR is NOT FAIR.

We are of the view that the Proposed SCR is REASONABLE as it provides an exit opportunity to the
disinterested shareholders of MPHB, especially for those holding a significant number of MPHB Shares, to realise their investment in MPHB for cash at the SCR Offer Price expeditiously in view that:-
Historical market prices of MPHB Shares
(i) MPHB Shares have not traded above the SCR Offer Price during the past three (3) years prior
to and up to the LPD;
(ii) SCR Offer Price represents a premium of between 8.28% and 50.90% over the 5-day, 1-month,
3-month, 6-month and 1-year VWAMP of MPHB Shares up to and including the LTD; and
(iii) SCR Offer Price represents a premium of between 6.04% and 25.98% over the 5-day, 1-month,
3-month, 6-month and 1-year VWAMP of MPHB Shares up to and including the LPD. Historical trading liquidity of MPHB Shares

Posted by Sslee > 1 month ago | Report Abuse

Johnzhang Your behavior has certainly changed, at least in the case of MPHB capital. We can't count on you to promote minority shareholders activism . Not fear mongering and pouring cold water is already a big service from you .

Whether our effort will eventually pay off is yet to be seen .But at least we make some effort and encourage minority shareholders activism along the way .

One or a few people may not make any impact , but 50 or 100 people coming together may bring minorities’ power alive .

I don’t wish to say more

My take:
I do not hold any MPHB share but still hold Insas. I have Insas CEO HP number and we exchange whatsapp greeting during festival.

If you are what you said you are (make effort) then you should make appointment to meet with TAN SRI DATO' SURIN UPATKOON and negotiate an agreed deal with him before the EGM.

You need to know many of the minority shareholders are eager to exit at RM 1.70.
Why deny them the opportunity to exit?

Posted by Sslee > 1 month ago | Report Abuse

A deal can just be a dividend ex before SCR date.

Posted by Endgame > 1 month ago | Report Abuse

At this market environment, consolidation or correction, is good time to agree yes to exit. Whatever fair value 3.x, no body willing to buy at the open market, is just valuation. Mr market always always right, those wish for 3, can fight with mr market, keep buying till 2, u still can gain 1, go do this, or just accept.

Posted by speakup > 1 month ago | Report Abuse

The circumstances have changed. When market was super bullish, I was against 1.70. but now that market has soften, 1.70 is a good deal. Can take the money buy other battered down stocks

Posted by Endgame > 1 month ago | Report Abuse

Ya, another comment need to aware is if the company really worth valuations of 3.x, this credit should enjoy by the owner or founder of the company for their efforts. We just tumpang buy the shares, can gain some considered good already

Posted by GeniusInvestor > 1 month ago | Report Abuse

I totally agree with Sslee statement. If Johnzhang able to nego with Big boss. there is win win situation. No need to go for war.... There is a lot of opportunity up there. After exit this MPHB, another general offer is on the road.. u can gain about 9-10% in few months.

Posted by speakup > 1 month ago | Report Abuse

What u mean another general offer?

Posted by GeniusInvestor > 1 month ago | Report Abuse

I mean there is a company going to issue general offer in the future.. price now about 10.. take over price is 11.

Posted by GeniusInvestor > 1 month ago | Report Abuse

But the deal may not come true.... some minority shareholder claim want to reject the offer too.

Posted by speakup > 1 month ago | Report Abuse

Just say Mahb lah, no need shy shy

Posted by markgold > 1 month ago | Report Abuse

It is very rare that SCR cancel. Hoping receive 1.70 according to the schedule.

Posted by Millions_at_22 > 1 month ago | Report Abuse

Remember when John Zhang said that his team got 20mil shares would vote against ? Why is it now said that only 3mil shares will vote against? Is it lying, or is the tide turning

Posted by Millions_at_22 > 1 month ago | Report Abuse

This year's Agm has 300 million shares in attendance, and you only have 3 million shares. What makes you feel that only 1% of the stake is a large stake

Posted by Millions_at_22 > 1 month ago | Report Abuse

You don't need to argue with him, he can't answer you anything, just keep saying Rm5.91 / share

Posted by Johnzhang > 1 month ago | Report Abuse

@millions, you are really confused !. May I suggest you go to read carefully what I said !

Posted by Millions_at_22 > 1 month ago | Report Abuse

There's no news from your MSWG, and the EGM is coming

Posted by Millions_at_22 > 1 month ago | Report Abuse

It doesn't matter, we'll meet at EGM

Posted by GeniusInvestor > 1 month ago | Report Abuse

After reading so many Johnzhang thread.. I'm know what is Johnzhang motive. Those who cooperate with him thought he is helping them to nego for better offer.. lol... I don't want to say too much here.. later it come to war.

Posted by soon9913 > 1 month ago | Report Abuse

when will be the EGM?

Posted by goh555 > 1 month ago | Report Abuse

How much we can receipt the dividend ?

Posted by goh555 > 1 month ago | Report Abuse

Rm7 per share ?

Posted by goh555 > 1 month ago | Report Abuse

Sorry it is 0.0027 cen

Posted by Ali123456 > 1 month ago | Report Abuse

U all must ingat what happened in MWE . 1st, a trial offer $1.70 made to test water. There was little noise from shareholders & from here that fellow already knew the level of resistance was not expected to be strong when he made the 2nd attempt. After a little wait, he made new offer $1.75 and took it without sweat pasal semua tidur. U all don't see this ? U all still sleeping ? U still don't see why same level of price used in MWE for MPHB ? The follow trying his luck. Kalau takada bantahan dia dapat lagi lah!

Posted by speakup > 1 month ago | Report Abuse

Market bad. U take rm1.70 or rm1. Pilih satu

Posted by Ali123456 > 1 month ago | Report Abuse

U takut patut jual skarang. nanti scr tak jadi U rugi banyak.

Posted by speakup > 1 month ago | Report Abuse

My entry rm1.

Posted by Johnzhang > 1 month ago | Report Abuse

@Ali, you have some good points. Offeror will succeed if minorities remain ‘sleeping’ like what you described.

Posted by GeniusInvestor > 1 month ago | Report Abuse

@ Ali, 1.70 increase 1.75 after need to take a huge risk and you guys are so happy.. what a joke for today. lol