HOW's comment on GENM. All Comments
HOW
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如果gent 明天之后持续在市场买， 达到75%， 是不是GENM就不能在market上trade了
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5 months · translate ·
PG Tiong
还要开股东大会才可以
1 Like · 5 months · translate
chin lua
Google AI:
"No, in the case of a takeover offer in Malaysia that has not met the 75% threshold, the offeror is restricted from buying additional shares in the open market for a period of 12 months following the offer's failure."
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SDX
Mr. chin lua
Ask your AI: If the combined shares of treasury stock and the major shareholders exceed 75%, will the Securities Commission of Malaysia require corrective action?
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SDX
帮你翻译好了，免得你将我胡言乱语逃避问题
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SDX
你不要给我逃避问题，我知道大股东不可以立刻弄一个新的offer，我现在是问你，现在genm的public shareholding有没有25%
2 Like · 5 months · translate
SDX
你应该已经发觉到问题在哪里了，只是你不愿意承认
你再怎样贬低我也没有用，事实就是public shareholding已经不够25%了
2 Like · 5 months · translate
SDX
自己好好想一想，这么简单的问题，不要被自己的偏见所困
我知道我讲的话你不喜欢听，现在我还有事情要做，不得空和你辩论，你自己先去找到你要的答案
1 Like · 5 months · translate
chin lua
Mr. SDX, you cannot "combine" the treasury shares as Companies Act 2016, Section 127(8), states that such shares have no voting rights, OK? I did not enact the law, and the SSM website has the original copy of the Act.
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chin lua
"127(8) The holder of treasury shares which are held under
subsection (5) shall not confer—
(a) the right to attend or vote at meetings and any purported
exercise of such rights is void; and
(b) the right to receive dividends or other distribution, whether
cash or otherwise, of the company’s assets including any
distribution of assets upon winding up of the company."
https://share.google/CK523VztKq5P8237n
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Jackie Tan
my RM said just issue share dividen settle direct over 75%
1 Like · 5 months · translate
chin lua
Google AI:
"No, Genting Berhad (GENT) cannot simply issue dividend shares of Genting Malaysia Berhad (GENM) to itself or its shareholders to reach the 75% ownership threshold required for delisting. This mechanism is not a permissible way to satisfy the requirements of a takeover offer under Malaysian securities law and Bursa Malaysia Listing Requirements."
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Jackie Tan
god bless better consult proper knowledge share dividen is share reward to shareholder same like dividen genm have retain earning 10billion ++++ already passing the requirement
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chin lua
Google AI:
"Concerns were raised in the Malaysian Parliament (Dewan Rakyat) on November 5, 2025, regarding potentially suspicious stock movements of Genting Malaysia Berhad (GENM). Bakri MP Tan Hong Pin highlighted the volatility of GENM's stock ahead of a privatization announcement by its parent company, Genting Berhad."
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chin lua
Any trick that GENT is trying to pull would be under the microscope of the Parliament.
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Jackie Tan
Distribution of Treasury Shares as Dividends is very normal reward to shareholder based on %
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chin lua
It may be "normal" under no takeover situation.
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chin lua
The takeover rules and laws should have enough cases to prevent the potential tricks. Two authorities are watching over the process, too.
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chin lua
Google AI:
"The Securities Commission Malaysia (SC) is the primary body that oversees the takeover process for companies listed on the Bursa Malaysia (KLSE). The process is governed by the Capital Markets and Services Act 2007 (CMSA), the Malaysian Code on Take-Overs and Mergers 2016 (Code), and the Rules on Take-overs, Mergers and Compulsory Acquisitions 2016 (Rules)."
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CHUN WOOI Teoh
SDX Genting Malaysia Bhd (KL:GENM) is set to remain listed, after Genting Bhd (KL:GENTING) secured less than a 75% stake in the company following its privatisation bid. Genting said that at the close of its offer on Dec 1, it only managed to secure a 73.133% interest in GENM. Another 0.202% in acceptances were yet to be vetted. Genting had said it would not maintain GENM's listing status should the acceptance level for its RM2.35-a-share offer cause the company to fall below the 25% public shareholding spread. — Genting Malaysia to remain listed after Genting falls short of 75% ownership threshold
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