Titan 2020's comment on MMCCORP. All Comments

Titan 2020
1 Like · Reply
is it possible I direct deal with syed mothar now to sell at rm2?
ng khailoon
Sure just go ahead
1 Like · 1 month · translate
Titan 2020
how? did you have syed mothar no. telefon?
1 Like · 1 month · translate
Jack Woh
Hahahaaa sure you can. Hold your 100lots and tell him “oi, Celaka, pay me RM2 per share now”
5 Like · 1 month · translate
wong linglong
@jack hahahaha
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Titan 2020
dont laugh, anyone represent us email to TSSM for RM2 share sale? we wish him success privatize
1 Like · 1 month · translate
Kenny Chee
Now got 1.80 why buy from u 2.00? not make sense...lolz
3 Like · 1 month · translate
WilliamPhon WaiLeong
Kenny, because ppl holds at RM1.80 doesn't want to sell to mothar, hold it until price reach RM2.... If mothar beh tahan until EGM, they have to buy at RM2 loh
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Kenny Chee
if buy at high price really have to pray and hope dun have any change lo...
1 Like · 1 month · translate
WilliamPhon WaiLeong
True also.. See EGM summary.. Mokhtar holds 52%, I think easily can success
1 Like · 1 month · translate
Marcus Lim
need 90% agreed to go thru...if cannot get probably he need to offer higher..rm2 is considered undervalued still vs NTA..but see how the EGM first...nothing to lose
1 Like · 1 month · translate
WilliamPhon WaiLeong
Marcus, who's 90%? I tot he already holds 52%....
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Marcus Lim
in order to proceed with the plan...the egm must pass 90% vote to go thru...yeah they got 51-52% but privatisation under SCM criteria is it requires 90% acceptance of the voting shares of the company (excluding shares owned by the offeror or persons connected with the offeror) before the buyer can enforce compulsory acquisitions from the remaining minority shareholders. Remembered Felda owns 70+% of FGV but failed to take FGV private cos they cant get enough shareholders vote to get 90% approval
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1 Like · 1 month · translate
Titan 2020
so you mean will fail, and spike up more than rm2?
2 Like · 1 month · translate
b c lim
not 90%,need 75% from the not interest parties. 100-52%=48% x 75%
1 Like · 1 month · translate
Titan 2020
b c lim, you mean 88% could proceed the plan?
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b c lim
currently the offeror holds 52%,they can't vote in EGM.They need to get at least 75% vote from the balance 48% in EGM
1 Like · 1 month · translate
b c lim
easily to calculate..PNB +EPF+Tabung haji hold 25% to become to 50% if calculate of the balance shares.Currently bought from market mostly are for arbitrage play.. easily to get 25% base on share traded 8-11/6
1 Like · 1 month · translate
Marcus Lim
BC...scr is considered asset disposal to go private? if yes then its 75 else 90
2 Like · 1 month · translate
Marcus Lim
retailers like us may be happy with the offer but for those other long term big shareholders they may think otherwise...gonna be interesting
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Mark Woon
why is it stuck at 1.80? why do people sell at this price?
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Marcus Lim
@BC u are right...its 75% ...is like asset disposal way to go private as it reduce off the capital 'asset'
1 Like · 1 month · translate
Titan 2020
thanks all, learn alot. I had searching this alot. now look like the possibility of privatization is less likely to happen.
1 Like · 1 month · translate
Wee Jieh Lim
Hi Marcus, may i know the full form of SCR?
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Titan 2020
wee, how you think SCR work? same as above?
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Marcus Lim
it is like share cancellation or share buyback...total shares will be reduced incl shareholder's equity...market cap still remains...in this respect the objective is to go private with this action
1 Like · 1 month · translate