Menang

Re: Menang

Postby winston » Thu May 12, 2016 1:27 pm

vested

Toh May Fook bought 106,000 shares on May 11, 2016

Total Owned: 27.4m
Direct (%) 10.27
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Re: Menang

Postby winston » Sat Jun 25, 2016 12:16 pm

vested

Toh May Fook bought 437,800 shares on June 21, 2016

Total Owned: 32.87m
Direct (%) 12.3%
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Re: Menang

Postby winston » Mon Jun 27, 2016 1:28 pm

vested

Toh May Fook bought 402,800 shares on June 24, 2016

Total Owned: 33.27m
Direct (%) 12.46%
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Re: Menang

Postby winston » Wed Jun 29, 2016 1:26 pm

vested

Toh May Fook bought 114,800 shares on Jun 27, 2016

Total Owned: 33.39m
Direct (%) 12.5%
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Re: Menang

Postby winston » Sat Aug 27, 2016 11:29 am

not vested

Menang Corp suspends director, launches investigation

KUALA LUMPUR: Menang Corp Bhd has set up an investigation committee to review the conduct of Toh May Fook as the company’s director and has suspended him as director pending the outcome of the probe.

In a filing with Bursa Malaysia on Friday, the property developer said the committee, to be chaired by Menang’s non-executive chairman Datuk Abdul Mokhtar Ahmad, comprised other members of the board.

Without elaborating on why Toh was being evaluated, Menang said the investigation committee’s review was expected to be completed within three months.

To recap, Toh emerged as a substantial shareholder of Menang in November last year and, as at June 27 this year, held a 12.5% stake.

Toh, 58, was appointed as deputy managing director on April 26. On May 3, Mokhtar, 76, was redesignated as chairman from executive chairman.

On July 19, less than three months following his appointment, Menang announced that it had terminated the duties and responsibilities of Toh as deputy MD and deputy chief executive officer.

Toh was redesignated as non-executive director, but no reason was given for the move.

Source: The Star
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Re: Menang

Postby winston » Tue Aug 30, 2016 6:52 pm

not vested

4Q 2016

Revenue: -29%
NAV 1.09

The Group recorded share of profit amounted to RM 21.5 million contributed from the disposal on partial of development lands located at Mukim Kapar, Daerah Klang, which were originally contracted for joint development under the Consortium Agreement (“CA”) entered by the Company on 26th March 2010.

The partial of the subject lands identified of approximately 30 acres in size was mandatorily disposed under notice of acquisition by Malaysia Government pursuant of Land Acquisition Act 1960, for the proposed West Coast Expressway Development.

As a result of the stated compulsory acquisition, the Group recorded a profit before taxation of RM 50.5 million for the FY under review, as compared to RM72.0 million for FYE 30 June 2015.

The provision of taxation recorded at RM11.2 million, after off-set with the business


http://www.bursamalaysia.com/market/lis ... ts/5193113
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Re: Menang

Postby winston » Sat Sep 03, 2016 9:47 am

not vested

ESTABLISHMENT OF INVESTIGATION COMMITTEE AND SUSPENSION OF THE ROLE OF MR TOH MAY FOOK AS DIRECTOR OF THE COMPANY

On or about 18 August 2016, Menang Corporation (M) Berhad (“Menang” or “the Company”) discovered that Mr Toh May Fook had appointed a financial consultant to look into specific land transactions way back to 2005.


The Board of Menang decided to suspend Mr Toh May Fook on 25 August 2016 because it is of the opinion of the Board that it is a matter of extreme and grave concern that Mr Toh May Fook has inappropriately and without approval of the Board appointed a third party to conduct an investigation of internal matters.


http://www.bursamalaysia.com/market/lis ... ts/5195541
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Re: Menang

Postby winston » Sat Sep 03, 2016 9:57 am

not vested

Errant executive or boardroom battle?

A casual observer can be forgiven if he sees this as another case of a senior executive suspected of some wrongdoing, perhaps mismanagement or abuse of power.


First, Toh owns a lot of Menang shares and is certainly not a mere hired hand.

His shareholding is 12.5%.


Second, Toh had been part of the Menang board and management for less than three months.


Perhaps Bursa should continue asking questions.
1. Why was Toh terminated as deputy MD in July, before the company found out about the financial consultant?
2. What land transactions were under scrutiny?
3. What would the board do if Toh had gone through his fellow directors before initiating the probe?


Source: The Star

http://www.thestar.com.my/business/busi ... om-battle/
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