TS Syed Mokhtar now owns 23.3%
Why is he buying them?
CGS CIMB, via their report this morning, puzzled out that the actual total shareholding of Syed Mokhtar in Media Prima is actually 36.10%
via Aurora Mulia 23.3%
via MUFJ 12.84%
Total 36.10%
He could trigger mandatory general offer?
Tan Sri Syed Mokhtar Bukhari bought 2 blocks of shares off-market. At 60 sen/piece, valued RM53mil
Unlisted Aurora Mulia (TSSMB’s son, Syed Danial is a board member) now owns 31.22% of Media Prima
Surely a Mandatory General Offer will now be triggered?
via Aurora Mulia 31.22%
via MUFJ 12.84%
Total 44.06%
Media Prima now at 47 sen/pc so valued at RM521mil
What’s 44% of RM521mil?
Dato Iskandar Mifzal now Group ED, and Mohamad Bin Abdullah now Non-Ind Non-ED of MPB.
Both have CVs tied to TS Syed Mokhtar Bukhary
My prediction: new management appointments next. Watch this space.