tag:blogger.com,1999:blog-6833372664905554734.post759977797915668884..comments2024-03-23T03:41:27.086+08:00Comments on Corporate Governance in Malaysia: The return of IOI PropertiesM.A. Windhttp://www.blogger.com/profile/16833927103193297126noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6833372664905554734.post-89247611945901348062013-05-12T20:47:30.569+08:002013-05-12T20:47:30.569+08:00Hi Anonymous, the offer was quite some time ago. T...Hi Anonymous, the offer was quite some time ago. The price of RM 0.76 looks indeed rather stingy. Revised Net Assets was RM 0.82, but that was quite some time ago in which all things (share market, property and land) have gone up.<br /><br />The good thing is that the majority shareholder wanted to keep the listing status and also would not mandatory acquire shares, so minority shareholders are not pressured. <br /><br />The earnings of TT have not been great the last 5 years, so the value is towards the future earnings from the land held. That is very hard for me to judge. It depends possible permits to build, strategic location, etc.<br /><br />Anyhow, looks like pretty good news, minority shareholders were not forced to accept the general offer, and those that held out are looking at a nice profit.M.A. Windhttps://www.blogger.com/profile/16833927103193297126noreply@blogger.comtag:blogger.com,1999:blog-6833372664905554734.post-6446010827976256382013-05-12T16:05:58.308+08:002013-05-12T16:05:58.308+08:00Thanks for your comment, will have a look, please ...Thanks for your comment, will have a look, please give me some time.M.A. Windhttps://www.blogger.com/profile/16833927103193297126noreply@blogger.comtag:blogger.com,1999:blog-6833372664905554734.post-69386383428658546602013-05-11T22:25:34.451+08:002013-05-11T22:25:34.451+08:00Can you comment on the recent general offer for TE...Can you comment on the recent general offer for TEBRAU at the meagre price of 76 sen and the current price it is enjoying now? It went up to as high as 1.56 post GO. How indeed was the offer price arrived at and with what 'hidden intention' was the general offer exercise conducted?Anonymousnoreply@blogger.com