English
Weekly Watch Jan 28 - Feb 1, 2019
MSWG Weekly Newsletter 18 January 2019 (English)
18.01.2019
MESSAGE FROM THE CEO
General meetings in Remote Locations
Multi-Usage Holdings Berhad (MUH) held its 26th Annual General Meeting on 27 December 2018 at 9 am. What is peculiar is that the AGM was held in Avani Sepang, Gold Coast Resort, Sungai Pelek, Selangor.
Now, that can be deemed as a remote location for a Penang-based company which probably has most of the shareholders in Kuala Lumpur vicinity or worse still if most are in Penang. It is highly unlikely that most of the shareholders are in the Sungai Pelek vicinity which is far from Kuala Lumpur and takes easily more than an hour to reach. Many may not have even heard about the area.
This is not the first time that General Meetings were held at that venue. In fact, the AGM last year was also held at the same venue. MSWG representatives raised the issue of ‘remote location’ and the Board stated that they would take note of it.
Weekly Watch Jan 14 - 18, 2019
MSWG Weekly Newsletter 11 January 2019 (English)
11.01.2019
MSWG’S WATCHLIST
KUB MALAYSIA BERHAD
RESPONSE TO CLARIFICATION ON THE UNUSUAL MARKET ACTIVITY
We refer to our earlier announcement dated 4 January 2019.
The Board of Directors of KUB Malaysia Berhad (‘KUB’ or ‘the Company’) has in the evening of 4 January 2019 received a letter from our major shareholder, Anchorscape Sdn Bhd informing us of the following:
- Anchorscape Sdn Bhd has been approached by a few parties who have expressed interest in acquiring some stake held by them in the Company.
- The discussions with the various parties are still very preliminary at this juncture and no agreements and/or conclusions have been made so far on the same.
We will update on all developments as and when we receive any updates.
Weekly Watch Jan 7 - 11, 2019
MSWG Weekly Newsletter 01 January 2019 (English)
04.01.2019
MESSAGE FROM THE CEO
Analysing Prestariang – the Minority Shareholder Perspective
As at 18 December 2018, Prestariang Bhd’s share price was at 28.5 sen, giving it a market capitalisation of RM140.36 million. Year-to-date, the counter had plunged by 81.13%.
Weekly Watch Dec 31, 2018 - Jan 4, 2019
MSWG Weekly Newsletter 28 December 2018 (English)
28.12.2018
MSWG’S WATCHLIST
RED SENA BERHAD
CIRCULAR TO THE SHAREHOLDERS IN RELATION TO THE PROPOSED MEMBERS' VOLUNTARY WINDING UP AND PROPOSED APPOINTMENT OF LIQUIDATORS
Under the Equity Guidelines, a SPAC must complete its Qualifying Acquisition within the Permitted Timeframe.
A SPAC which fails to complete a Qualifying Acquisition within the Permitted Timeframe must be liquidated