tag:blogger.com,1999:blog-17708300.post8937482989473588295..comments2023-10-25T21:25:46.183+08:00Comments on Where is Ze Moola: My Dearest Bursa Malaysia And My Dearest Securities CommissionUnknownnoreply@blogger.comBlogger7125tag:blogger.com,1999:blog-17708300.post-89531282037063491082011-12-21T00:19:37.898+08:002011-12-21T00:19:37.898+08:00Hi, not many noted another failure in governance -...Hi, not many noted another failure in governance - Hirotako.<br /><br />On 15/12 - press release stated "save the 65% Acceptance condition, all the condition for the offer have been fulfilled"<br /><br />On 16/12 - trading of its warrants was very ACTIVE! (everyone thought the GO will not be unconditional). But after closing, another press release "Offeror has received valid acceptances in respect of the Offer Shares resulting in the Offeror holding more than 65% of the voting shares (to be exact is 86.36%).<br /><br />Why such arrangements? For someone to release the warrants intothe market thru such press release announcments?kelvinhttps://www.blogger.com/profile/08337182327038956955noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-92178392647943689862011-12-16T20:41:27.937+08:002011-12-16T20:41:27.937+08:00casey: Oh yeah.. the Sime/E&O conflict of issu...casey: Oh yeah.. the Sime/E&O conflict of issue case involving the SC chairman. <br /><br />Yeah... what's the current update?<br /><br />Will we get an update?Moolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-4136939573230640222011-12-16T20:40:17.499+08:002011-12-16T20:40:17.499+08:00bonny: I do understand your point.
It's just ...bonny: I do understand your point.<br /><br />It's just so sad.<br /><br />So if it continues as a cowboy market how could our market ever grow?Moolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-57425916161982903212011-12-16T17:12:35.213+08:002011-12-16T17:12:35.213+08:00Hi,
I really appreciate and admire your untiring ...Hi, <br />I really appreciate and admire your untiring blogs on matters pertaining our SC/BM's poor handling of poor corporate governance. We need more people like you. And i know it is difficult and unrewarding tasks.<br /><br />I believe the entire corporate governance issue is like the chinese saying: If the upper columns and beams (of a building) is not straight, do'nt expect the lower parts to be properly aligned and straight.<br />In the Malaysia political environment with BN in power of 50yrs, corruption, inefficency, poor institutions (judicial and legal) manned by politically connected, it is just too much to expect SC to do anything other than what is being done.<br />Just notice one of the recent stories: SC chairperson's husband is involved in a coporate exercise ("E&O & SIME" incidence). Only in Malaysia can such things happens as a matter of course.caseyhttps://www.blogger.com/profile/01103251356085010798noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-3741571292202936932011-12-16T15:16:15.206+08:002011-12-16T15:16:15.206+08:00Dear Moo,
Everything that happened these last few ...Dear Moo,<br />Everything that happened these last few years, only confirm the fact that Bursa is a cowboy market. So all investors/punters be forewarned; 'Come to Bursa KL at your own risk. Do not complain if you play and lose, because this is not a level playing field'. ..Haiz, alas sad but true, same goes for this whole country...bonny bhttps://www.blogger.com/profile/06067749042575826587noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-24294324344462725322011-12-16T13:03:23.286+08:002011-12-16T13:03:23.286+08:00On yesterday Edge, posted 18:42, the Edge Malaysia...On yesterday Edge, posted 18:42, the Edge Malaysia published that UMW confirmed that it had not submitted any bid to acquire Khazanah's stake in Proton.<br /><br />On this morning's BTimes, BTimes published that it WAS BELIEVED that UMW had won a bid to buy Khazanah's stake in Proton.<br /><br />Duh!!!!<br /><br />But what had transpired in the case of MA Wind's complain was utterly shambolic.<br /><br />After 3 LONG years, they gave him a personal hearing.<br /><br />But sadly the team of boys and gals weren't interested to listen.<br /><br />Sigh!<br /><br />So why ask minorities shareholders to file a complain when there's no serious attempt to listen?<br /><br />How is Bursa Malaysia ever gonna attract foreign investors when they are not even interested in listening and addressing a foreigner's complain?Moolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-24206831164038615942011-12-16T12:28:28.650+08:002011-12-16T12:28:28.650+08:00Dear Moo,
The most recent events where UMAs were d...Dear Moo,<br />The most recent events where UMAs were directed to Sanichi and Proton, the usual replies were denials of any knowledge. In the case of Sanichi, major deals were announced 2 days immediately after. In Proton's case, its adviser keeps blaring away to the press on things happening in the background. No sanctions seemed forthcoming. If ever there is an award(s) for being the most hypocritical or fake enforcement agencies, both Bursa and SC take the cake for selective enforcement. Congratulations to the govt of Malaysia for achieving ever lower ethical standards every year!!!bonny bhttps://www.blogger.com/profile/06067749042575826587noreply@blogger.com