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Ali and Ah Long joint venture buka kedai waffle. Initial agreement 60-40. Ali run management and Ah Long buat marketing and bawak banyak customer. Ali tak cukup duit untuk membesarkan business waffle. Ali pinjam duit dari adik Ah Long iaitu, Ah Long junior. Ah Long Dan Ah Long junior now owns 60 percent of waffle business.
Along now wants to have more stakes since they paid the monies, Ali want to remain as the one with the most stakes in order to keep silterra as a rightfully local owned business, essentially both could've still get a piece of the pie but they are fighting to be the big brother
yrag Gnoey , silterra License must 55% owned by local company , if not license in danger , that is why it is safe for Dnex in whatever way. just need coordinate . CGP die die want to have big stakes because its sale and business need silterra to fulfill , i dont think should have any worry .
will CGP want to admit being the one who made mistake (stamping the deal previously without getting MITI approval despite dnex semi warnings) and reduce their stakes ? but of course if they desperate enough to want to keep this business they probably will
55% must own by local company to maintain its license , mean even they owned more on silterra , there is no any extra benefit , right or profit to CGP , local law is stand stronger . so Dnex have any to loss or worry ?
but if CGP refuse to backdown, this further delay the court case proceedings and silterra maynot be able to function normally until this fiasco is settled, in the end we still need funding and tech from mimas
is it not just temporary ? why we care this temporary issue ? it will hurt this CGP too as they need silterra to function well not ? so this case will solve in very short times , should within few months matter . How bout you think another way round ? it is mimas need silterra or both mutual needed , as the 8Inch chip tech worldwide limited factory . if not mimas will no any interest on it not ? Dnex fund on hand have over 700M , debt only 300m , and nta asset 0.60 , and each year average can generate 200-400M net profit now a day , still need funding ? jan 2023 new factory going to in operation
1) To people who saying Dnex got nothing to lose if dnex buyback all the shares Mimas owns on Dnex Semi and kick out CGP..in a corporate practice, that's a total no no move. Dnex also made a stupid move by issuing shares to Mimas for 100 million. If CGP not happy with Dnex and MiTi rules, they won't only take back their 100 mil and walk away, they'll also bring all their clients, expertise and customers(ChipOne 400mil usd) with them and they got nothing to lose especially during recession.
2) Increasing interest rate and looming recession slowing down tech demand short to medium term. Now if china walks away, Malaysia alone has no capability to make Silterra a successful chipmaker. Then only Taiwan can save Silterra. But under the current political climate, this move will increase the tension between China and Taiwan.
On this issue, I didn’t see Dnex wanted to kick CGP out. But for sure Dnex was doing wrong decision to sign ICPS with CGP/Mimas at the beginning. And from this issue, I can see Dnex putting a lot of effort to protect the benefit of the company and to prevent the license being breached. Hope everything goes smooth and both parties can resolve this issue soon.
example ah long cases,
Gambler want to borrow money to play and he won care all the T&C, now got quarrel, gambler said interest too high against the malaysia laws lar bla3 then Michael Chong come lor
