Has Been Sacked As The England Manager, Is Miss Tee Lin Say, The New "Mr 20 per cent," P A R T 2.
Did you read, Tee Lin Say's "S T O R Y" called :
Game changer for Reach Energy
Read it HERE : http://www.thestar.com.my/business/business-news/2016/09/28/game-changer-for-reach-energy/
According to Tee Lin Say , the STORY goes like this :
The new shareholder is looking to buy a 10% to 20% stake in Reach, and is currently negotiating to buy out a big chunk of Reach’s yield investors at around 72 sen per share, added the source.
Most prominent among Reach’s yield investors are PAG Holdings Ltd, which holds 8.68%, and Siva Kumar M Jeyapalan, who holds 2.18%.
TEE LIN SAY, How COME Siva Kumar is PROMINENT investor, but CREDIT SUISSE which own SEVEN point S I X (7.6 per cent ) is Not PROMINENT meh?
You INCOMPETENT or J U S T close TWO eye again ?
One more matter, as a REPORTER (hopefully in the STAR"S best interest), it never CROSSED your mind is it, that REACH has a paid up of 1.2 billion or so.
20 per cent comes out to about 240 million shares ( very rough calculation and not really accurate on my part).
So why must yield investors, AGREE to sell at 72 sen , when they can get 77 sen.
Can any ONE, from the STAR, MCA, MACC , SC, Bursa Malaysia calculate how much is five sen times 240 million shares?
I know the answer is NOT HALF PAST SIX. That is the REPORTING by TEE Lin Say.