Tuesday 27 September 2011

BRDB calling for open tender

I am rather pleasantly surprised by this, hadn't expected this at all, but aparently the pressure applied to the Board of Directors has worked. Good news for all those that have helped in this case: journalists, MSWG, bloggers (and possibly behind the screens SC and/or BM and hopefully independent directors of BRDB).

But I am still hoping for transparancy regarding the "mysterious" owner of the large block of shares in BRDB.

"News editor Risen Jayaseelan wonders how many other listed companies have large blocks of shares being held under omnibus accounts with little clarity on the identity of the ultimate beneficiaries."

 

BRDB will sell prized assets via open tender

http://biz.thestar.com.my/news/story.asp?file=/2011/9/27/business/9580455&sec=business

BRDB doing the right thing by calling for open tender for assets sale

http://biz.thestar.com.my/news/story.asp?file=/2011/9/27/business/9580458&sec=business

BRDB will sell prized assets via open tender
http://biz.thestar.com.my/news/story.asp?file=/2011/9/27/business/9580455&sec=business
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2 comments:

  1. Avatar27 September 2011 at 16:12

    You and Moolah should give yourselves a pat on the back too for helping in highlighting this issue :)

    Let's see whether a better offer emerges and by how much...

    ReplyDelete
  2. M.A. Wind27 September 2011 at 17:44

    Thanks Avatar,

    I have the suspicion that something might have happened behind the scenes. Either pressure regarding unveiling the unknown shareholder, or some serious party who wanted to buy the properties at a higher price? May be, we will probably never know, but at the end of the day it is the result that counts.

    Good for Malaysia, there is hope ...!

    ReplyDelete

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