MSWG Seminar on Privatization & Take-Over Matters

The corporate scene has witnessed a spate of privatization and take-over exercises carried out particularly over the last one year. Launching of privatizations or take-overs seem to be the trend, and many are amazed or baffled with such news reported with increasing frequency.

 

Against this backdrop, the compelling and burning questions ringing in the minds of many is why the increasing need to privatize and exit from the public domain and particularly more important to minority shareholders or the non-interested shareholders is whether the price offered to them is fair and reasonable.

As a result, the Minority Shareholder Watchdog Group (MSWG) is organizing a seminar themed "Privatization & Take-Over Matters",  to be held at MSWG Training Centre on 25 March 2014.

MSWG aims to look for a particular outcome from each of the current privatization or take-over bids in question to curb what is seen as short-term motivations, delivering a target listed issuer easily into the hands of the bidders.

The seminar will discuss and look at various matters and issues pertaining to privatization and take-over bids, including:

• Factors leading a listed company to consider a privatization or a take-over bids
• Review of legislations and regulatory rules governing privatization of listed companies
• Role of various parties and relationships in a privatization or a take-over bids
• Privatization or take-over implications: Voluntary general offer vs mandatory general offer scheme of arrangement (SOA), selective capital reduction/repayment, assets & liabilities acquisition, offerors and parties in concert
• Practical issues, and useful tips, Qs and As on case studies in question

The fee for this seminar is RM80 per seat.

Click here for more information and Registration Form of this MSWG Seminar on Privatization & Take-Over Matters.

Garmin nuvi 2565LM Sing/Mal GPS firmware v8.00 update

I have just updated the firmware of my Garmin nuvi 2565LM Sing/Mal GPS from v7.60 to the latest v8.00.

This new version is said to have improved the route calculation issue.

You can find this firmware update here: http://www.garmin.com.sg/products/ontheroad/nuvi_2565lm_sg_my/#updateTab

The instruction on that firmware update webpage is very clear and easy to follow.

Besides, the latest MalFreeMaps 2014.10 with latest Singapore MCE (Marina Coastal Expressway) data is also available now. You can find it here: http://www.garmin.com.sg/mapupdate/

Family retreat weekend to Felda Residence Hot Springs, Sungkai, Perak

Last week, my family had a nice retreat weekend to Felda Residence Hot Springs, Sungkai, Perak.

Sungkai is a small town near to Bidor, accessible from either North-South Expressway or federal trunk road.

The Felda Residence Hot Springs is quite some distance away from Sungkai town, hiding deep inside an oil palm plantation area. Not to be worried, there are a lot of sign boards showing the way to this attraction along the way, so it is pretty easy to find.

We booked a 3-bedroom villa from MATTA Fair quite some times ago. The price was RM600 for one night stay including breakfast for 6 persons.

After entering the entrance, we need to register our stay and get the key of the villa from the reception, located in a building with a large car park in front of it. The hot springs park and villas are located quite some distance away from the reception building.

The 3-bedroom villa is very nice. It has a quadrangle design with a private Jacuzzi at the center.

It has a nice living room with flat panel TV...

... and a fully furnished kitchen.

Its 3 bedrooms are large and comfortable. This is the master bedroom.

The Felda Residence Hot Springs has a cold mountain springs swimming pool...

... and of course, the natural hot springs pool.

In the place where hot springs flow out from underground, we can have egg boiling activity. The water temperature there is close to 100 degree Celcius.

We had our dinner in Sungkai town. There are a few famous Chinese restaurant in the town, such as Choy Kee (财记) and Sun Kee (新记).

The next morning, we had our buffet breakfast at the restaurant within walking distance from the villa. There is nothing much to shout about the food, but considered quite OK if you don't have high expectation.

One thing to note is that, Celcom has a good HSDPA Internet coverage at Felda Residence Hot Springs in Sungkai, while the Internet speed of Maxis and Digi there is pretty slow.