Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/mmc-corp-bhd" target="_blank" data-smartkarma-citation="entities:9776:1" rel="noopener">MMC Corp Bhd (MMC MK)</a> has <a href="https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3163886" target="_blank" rel="noopener">announced</a> Seaport Terminal (Johore) Sdn Bhd, a wholly-owned entity of  Tan Sri Syed Mokhtar Albukhary, has made an Offer for all shares not owned at RM2.00/share, a premium to last close of 70.94%. </p>
<p>The Offer is being done via a selective capital reduction and repayment (SCR) exercise.</p>
<p>Seaport Terminal owns 51.76% of MMC.  </p>
<p>MMC primarily operates a number of ports in Malaysia, plus holds equity stakes in <a href="https://www.smartkarma.com/entities/malakoff-corp-bhd" target="_blank" data-smartkarma-citation="entities:404:1" rel="noopener">Malakoff Corp (MLK MK)</a> and <a href="https://www.smartkarma.com/entities/gas-malaysia-bhd" target="_blank" data-smartkarma-citation="entities:14078:1" rel="noopener">Gas Malaysia (GMB MK)</a>.</p>
<p>The offer is valid until the 15 July, should MMC wish to proceed.</p>
<p>More below the fold.<iframe width="1" height="1" frameborder="0" scrolling="no"></iframe></p>
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MMC Corp Bhd (MMC MK) has announced Seaport Terminal (Johore) Sdn Bhd, a wholly-owned entity of  Tan Sri Syed Mokhtar Albukhary, has made an Offer for all shares not owned at RM2.00/share, a premium to last close of 70.94%. 
The Offer is being done via a selective capital reduction and repayment (SCR) exercise.
Seaport Terminal owns 51.76% of MMC.  
MMC primarily operates a number of ports in Malaysia, plus holds equity stakes in Malakoff Corp (MLK MK) and Gas Malaysia (GMB MK).
The offer is valid until the 15 July, should MMC wish to proceed.
More below the fold.












MMC Corp (MMC MK): Privatisation Offer From Syed Mokhtar

Co-founder & Managing Director, Marketnomix 

Rajan Govil

Co-founder & Managing Director

Marketnomix 

Macroeconomics

<p>Malaysia’s GDP grew 4% y-o-y in 2Q2016 compared to a 4.2% y-o-y rise in 1Q2016 – slowing for the sixth straight quarter. Final consumption contributed 4.1 percentage point (ppt) to GDP largely driven by private consumption while fixed capital formation contributed 1.7 ppt. Change in inventories and net exports detracted 1.2 ppt and 0.7 ppt respectively from GDP. Net exports detracted from overall GDP as imports grew at a faster pace than exports.</p><p>On the supply side, growth continued to be driven…</p>

Malaysia’s GDP grew 4% y-o-y in 2Q2016 compared to a 4.2% y-o-y rise in 1Q2016 – slowing for the sixth straight quarter. Final consumption contributed 4.1 percentage point (ppt) to GDP largely driven by private consumption while fixed capital formation contributed 1.7 ppt. Change in inventories and net exports detracted 1.2 ppt and 0.7 ppt respectively from GDP. Net exports detracted from overall GDP as imports grew at a faster pace than exports.On the supply side, growth continued to be driven…

Malaysia: Manufacturing and Services Drive GDP

Malaysia

Gas Malaysia Bhd. provides exploration of oil and gas services. The Company offers natural gas and liquefied petroleum gas.

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Gas Malaysia (GMB MK)

MMC Corp (MMC MK): Privatisation Offer From Syed Mokhtar

I think this is a done deal and would expect shares to trade tight to terms. Assuming a mid-October completion, this may well trade up to ~RM1.94...

David Blennerhassett

Malaysia: Manufacturing and Services Drive GDP

Malaysia’s GDP grew 4% y-o-y in 2Q2016 compared to a 4.2% y-o-y rise in 1Q2016 – slowing for the sixth straight quarter. Final consumption...

Rajan Govil

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