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if read how this scr can be approved , three things needed to get pass
1. must have at least 50% votes from the balance of 49.24 agreed on scr mean 24.62% of votes , with pnb hold 20.97 , mean no issue for this i guess sure pass
2. at least 75% votes in the egm , this one i guess also no issue as pnb , epf and kwap plus minority retailer should be able to make it
3. only this one is at risk lets say someone purposely want to fail this scr and hold more then 10% votes but unlikely as this is huge
For the purpose of determining who shall be entitled to attend the EGM via the RPV, the Company shall be
requesting Bursa Malaysia Depository Sdn Bhd to make available to the Company, a Record of Depositors as at
23 September 2021. Only a member whose name appears on this Record of Depositors shall be entitled to attend
the EGM via RPV or appoint a proxy to attend, speak and vote for and on his/her/its behalf.
Those who sold already voted lor… all the proxy voted for and now sold because past the dead line oredi. Why u all so panic… hehehe.. there is no way there will be a margin call if share price from from 1.85 to 1.65.. that’s just wishful thinking la oh my god. Knn
@Master Lee, you need to have 146,894,971 shares equivalent to RM264.4million at RM1.80/share to guarantee 10% value of Entitled Shareholder's voting against the SCR reso for the reso to fail. Can you think of party/group that has so much money/MMC shares and is crazy enough to gamble like this against TSSM? And if that party/group really have do so much of MMC shares, probably it would be much more cost effective and safer for them just to vote for SCR reso to make more money.
