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This is the conclusion from the latest MAVCOM press release, which means it now reach the FINAL STEP which is require 90% shareholder agree to privatise MAHB.
Not long until we can reach RM11 target price, maybe within this month.
This document outlines the Malaysian Aviation Commission's decision regarding the proposed transaction, labeled as an "Anticipated Merger," involving Gateway Development Alliance Sdn Bhd, Pantai Panorama Sdn Bhd, Kwasa Aktif Sdn Bhd, and GIP Aurea Pte Ltd. The primary points of the decision are:
Merger Scope: The merger aims to privatize Malaysia Airports Holdings Berhad, with the Applicants intending to acquire the remaining 67.01% of shares not currently held by them.
Commission Approval: The merger was voluntarily notified to the Commission, which, after review, determined that the merger would not infringe the prohibition stated in Section 54 of Act 771.
Shareholders' Agreement: The decision is conditional upon the finalization of a valid Shareholders' Agreement. This agreement ensures that post-merger, the Applicants will refrain from engaging in prohibited commercial aviation activities under Act 771.
Validity: The decision remains valid for one year, effective from 8 November 2024.
This summary clarifies the steps and conditions under which the proposed merger can proceed, with emphasis on compliance with aviation regulations.
根据马来西亚航空委员会的决定文件，关于由Gateway Development Alliance Sdn Bhd、Pantai Panorama Sdn Bhd、Kwasa Aktif Sdn Bhd 和 GIP Aurea Pte Ltd 提出的马来西亚机场控股公司（MAHB）的预期合并申请，文件总结了以下几点：
If they get 90% shareholders agree on the privatisation, then the privatisation process is considered complete, the company will be delisted from bursa.
You will still be given several months time to sell all your shares with RM11 per shares.
After that period of time pass and you didn’t sell your shares, you will no longer be offered RM11 per share, you need to discuss with them face to face about how much they wiling to pay to buy your remaining shares OR they don’t even bother to buy it anymore since they already have majority of the shares and the company delisted from bursa.
My advice to you is ACCEPT the privatisation offer at RM11, don’t be stupid enough to think that you can sell them at higher price.
Once the privatisation fail, the share price might fall below RM11. Once the privatisation success and you stubborn enough to keep it, you will not be guaranteed to sell at RM11 since it cannot be sell at open market anymore.
Why make yourself so struggle? Just sell it at RM11 and take your profit. There are thousands of shares waiting for you to explore and earn much more profit in the future.
