In corporate takeovers, the offerors will be left in a bind if they end up with more than 75% but less than 90% of the shares in the target companies. This would leave the offeror with the task of either placing out some shares to meet Bursa Malaysia’s free float requirement or increasing the offer price in the hope of reaching a higher acceptance level of 90% or more. Either way, it can be an arduous exercise. Raising the offer price can be painful on the pockets of the offeror while placing out shares in a highly illiquid company is not easy.
Saturday, 20 Feb 2021 09:11 PM MYT
Datuk Seri Idris Jusoh said that the work of installing smart learning and teaching equipment in all the schools involved was running smoothly, although it had previously been delayed due to the implementation of the MCO. Picture by Saw Siow Feng
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BESUT, Feb 20 The Smart Classroom system, which is currently being set up at 101 national secondary schools (SMK) throughout the Federal Land Development Authority (Felda) settlements, is expected to be completed this April.
Its chairman Datuk Seri Idris Jusoh said that the work of installing smart learning and teaching equipment in all the schools involved was running smoothly, although it had previously been delayed due to the implementation of the movement control order.
Felda Smart Classrooms expected to be ready in April 20 Feb 2021 / 21:45 H. Federal Land Development Authority (FELDA) Chairman Datuk Seri Idris Jusoh (left) handing over tablets to students in Besut on Feb 20- Bernama
BESUT, Feb 20: The Smart Classroom system, which is currently being set up at 101 national secondary schools (SMK) throughout the Federal Land Development Authority (FELDA) settlements, is expected to be completed this April.
Its chairman Datuk Seri Idris Jusoh said that the work of installing smart learning and teaching equipment in all the schools involved was running smoothly, although it had previously been delayed due to the implementation of the Movement Control Order.
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The Federal Land Development Authority’s (FELDA) current efforts to reverse its fortunes follows years of financial misadventures, which resulted in accumulated losses of RM10.2 billion during the 2015-2018 period alone. Its experience is, sadly, not unique as other statutory bodies too are wrestling with the results of past mismanagement and failure in oversight.
Lembaga Tabung Haji’s previous net liability position, the Port Klang Free Zone (PKFZ) debacle, National Higher Education Fund Corp’s (PTPTN) management of defaulting borrowers, the cancellation of PR1MA housing projects, Tourism Malaysia’s procurement issues, Civil Aviation Authority of Malaysia’s (CAAM) downgrade by the US Federal Aviation Administration, Majlis Amanah Rakyat’s (MARA) failed investments, and National Water Services Commission’s (SPAN) effectiveness as a regulator following constant water disruptions are just a handful of examples, each one years in the making.