Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Google AI:
"No, in the case of a takeover offer in Malaysia that has not met the 75% threshold, the offeror is restricted from buying additional shares in the open market for a period of 12 months following the offer's failure."
Mr. chin lua
Ask your AI: If the combined shares of treasury stock and the major shareholders exceed 75%, will the Securities Commission of Malaysia require corrective action?
Mr. SDX, you cannot "combine" the treasury shares as Companies Act 2016, Section 127(8), states that such shares have no voting rights, OK? I did not enact the law, and the SSM website has the original copy of the Act.
"127(8) The holder of treasury shares which are held under
subsection (5) shall not confer—
(a) the right to attend or vote at meetings and any purported
exercise of such rights is void; and
(b) the right to receive dividends or other distribution, whether
cash or otherwise, of the company’s assets including any
distribution of assets upon winding up of the company." https://share.google/CK523VztKq5P8237n
Google AI:
"No, Genting Berhad (GENT) cannot simply issue dividend shares of Genting Malaysia Berhad (GENM) to itself or its shareholders to reach the 75% ownership threshold required for delisting. This mechanism is not a permissible way to satisfy the requirements of a takeover offer under Malaysian securities law and Bursa Malaysia Listing Requirements."
god bless better consult proper knowledge share dividen is share reward to shareholder same like dividen genm have retain earning 10billion ++++ already passing the requirement
Google AI:
"Concerns were raised in the Malaysian Parliament (Dewan Rakyat) on November 5, 2025, regarding potentially suspicious stock movements of Genting Malaysia Berhad (GENM). Bakri MP Tan Hong Pin highlighted the volatility of GENM's stock ahead of a privatization announcement by its parent company, Genting Berhad."
Google AI:
"The Securities Commission Malaysia (SC) is the primary body that oversees the takeover process for companies listed on the Bursa Malaysia (KLSE). The process is governed by the Capital Markets and Services Act 2007 (CMSA), the Malaysian Code on Take-Overs and Mergers 2016 (Code), and the Rules on Take-overs, Mergers and Compulsory Acquisitions 2016 (Rules)."
SDX Genting Malaysia Bhd (KL:GENM) is set to remain listed, after Genting Bhd (KL:GENTING) secured less than a 75% stake in the company following its privatisation bid. Genting said that at the close of its offer on Dec 1, it only managed to secure a 73.133% interest in GENM. Another 0.202% in acceptances were yet to be vetted. Genting had said it would not maintain GENM's listing status should the acceptance level for its RM2.35-a-share offer cause the company to fall below the 25% public shareholding spread. — Genting Malaysia to remain listed after Genting falls short of 75% ownership threshold