Readers have spoken

Almost 500 readers visited this Blog yesterday thanks to the direct link from "Where is Ze Moolah". The message is loud and clear, this is the content that (Malaysian) readers are looking for.

Unfortunately, it takes a long time to write those stories, and I don't have that much time. I simply can't do more than one story of that caliber a week. It takes a lot of time to do all the research and a mistake is easily made.

On the "good" side, there is plenty to write about, dozens of horrible Corporate Governance cases from the past where Minority Shareholders were disadvantaged in the tune of hundreds of millions of RM, sometimes in the Billions. On top of that there are hundreds of smaller or less clear cases.

Even at this very moment many deals are going on:

• The General Offer with Delisting threat of PMI: http://cgmalaysia.blogspot.com/2011/09/pmi-serious-corporate-governance-issues.html
• The General Offer with Delisting threat of DXN: http://www.btimes.com.my/Current_News/BTIMES/articles/dxn05/Article/
• The General Offer that the Majority Shareholder "forgot" to make, again with Delisting threat, EPIC: http://cgmalaysia.blogspot.com/2011/08/epic-majority-shareholder-forgot-to.html
• The Sime Darby and E&O issue, a very suspicious affair in my humble opinion: http://malaysiafinance.blogspot.com/2011/09/anything-wrong-with-sime-darbys.html
• A Related Party Transaction of Bandar Raya (although the details are not yet out, Minority Shareholders should be highly suspicious): http://whereiszemoola.blogspot.com/2011/09/bandar-raya-asset-sale-yet-another.html

Again, as so often, General Offers with Delisting Threat and Related Party Transactions, corporate exercises that are very important for all Shareholders, but at the same time exercises where Minority Shareholders have hardly any chance at all to fight if they don't agree with them. And they should disagree with the majority of the exercises is my opinion, since they are simply bad for them.

Rules should be changed and enforcement (Securities Commission & Bursa Malaysia) should be strongly increased for a more fair and balanced situation. In the long run, this would greatly benefit Malaysia.