Tuesday, October 11, 2011

Saturday, September 24, 2011

Sime Darby acquire 30 percent stake on Eastern and Orien

On August 28 - Sime Darby's purchase of 30 percent of the stake in Eastern & Oriental. The transaction is completed at Sept 9. And it is claimed that it has violated the take over code. Sime Darby has been paying at around RM 766 million, which is 60 percent more than its market price. Sime Darby bought at RM2.30 per share.

Now , there are several things arising from these issues:

(a) Does this deal benefit two parties - Sime Darby and E & O

(b) It is claimed that E & O has become well known as an established premier property brand, with a niche position in the Malaysian market. Given E& O current blance sheet strength, healty IQ results, premier brand recoginition int marketplace and the maturity of the the management team. With the credit suisee evaluation, it gave E&O Property Development's RNAV as RM 5.25 per share or RM 3.5 billion in market capitalization. And this valuations are excluded their hospitality & lifestyle and property investement division. However, let us think? By having such a good potential, why do the major shareholder, Wan Azmi and GK Goh disposed 11.9 % and 8.6 % respectively. As for the property firm's managing director, Tham, sold 12.2 % stake to Sime Darby? They are able to gain a big money out of the potential profit earned in E & O which has optimistic future.

(c) Does MGO required in this acquistion?
MGO is mendatory general offer. It means that so long the company acquire at least 33 percent of the shares of that company, it can buy the remaining shares of it. So, does Sime Darby violate Take over code. We need to wait for the decision and investigation by Securities Commission.

(d) Does this deal has accounting manipulation?

In conclusion, there are lots of things that we need to investigate and look in depth so that investor can make right decision with the transparency of financial statements.
After disposing their shares, all the existing shareholder will become minority shareholder.

Thursday, September 15, 2011

Tomorrow is Public Holiday



A new semester is coming...
Oh gosh, I am so lazy to study
but I have to work hard, this semester I will score the highest mark and be the best student ever ~
*giggles*

Can I ?



Feeling like mission impossible. but..
If we think back. at the end of the movie for " Mission Impossible"
Tom Cruise usually will be able to complete the mission.

So, likewise, mission impossible = mission I am possible.

I am learning korean these few days. whee...

but I am going to stop for awhile until my roommate return to K.L to study with meee~


I am so gooddddd~
Yesterday class: calling for a taxi

Annyeonghaseyo, jeonun luisa imnida

Taeksi eodi ittseoyo ( where is the taxi)
Kyoengbokgung-elo-gajooseyo ( Destination, please)

Teaksi-gisa nim seoludo jooseyuo ( Taxi driver, please hurry) hurry can be called as pali pali as well.. ^0^

How much is this? Yogem Eomayeyo~

I like korean... ^-
^



Friday, August 26, 2011

Thursday, August 18, 2011

Long time no updates

有时候 真的只是有时候
我会问自己 照着镜子看看自己
我了解自己有多少
可能有时候 别人比我更了解我~对么

昨天我看过藤井树的书
只觉得真真的爱情并非说我爱你,你爱我,就行得通
有很多因素要考虑
因为我们活在一个一点都不简单的社会~对么

昨晚
我在网咖 跟几个好友聊天
让我觉得有时
活在虚幻
比活在真实来的快乐~对么

不对不对不对~那全是歪理

可是对我来讲这都是真理~

昨天
下了雨
我孤独的
遥望外面的树
雨点一滴滴的洒在他们的身上
他们是否会感觉到痛
我想 应该不会吧
习惯了~


就像我
孤独陪伴我
所以
我不觉得一个人有多痛苦~

心灵上的孤独是最累的~

Monday, April 18, 2011

Study Week

Haha. Cold smile=)