I read with great admiration the report card of BinaFikir Sdn Bhd with regards to the “Widespread Asset Bundling” (a.k.a. as “WAU”) restructuring of MAS. Incidentally, Tan Sri Azman Mokhtar and Mohammed Rashdan Yusof were co-founders of BinaFikir Sdn Bhd. During the WAU exercise, Tan Sri Mokhtar was the Managing Director and Mohamamed Rashdan Yusof was the chairman of BinaFikir Sdn Bhd.
airasia
SC should investigate whether there were insider trading on AirAsia’s shares
[Updates: As at 4 pm today (12-8-2011) the price of the AirAsia’s was traded at RM3.48. Prior to its suspension on 8-8-2011 the said share has hit an unprecedented high of about RM4.10 on Friday (5-8-2011 – 2 days before it was suspended from trading pending the formal announcement of the so-called share swap agreement being reached) only to be closed at RM3.95.
Ever since the lifting of the suspension of trading of AirAsia’s share, it has lost almost 50 Sen, equivalent to about 13%, as at 4 pm today. I believe that it will go down further in days to come. As I have said before, the AirAAsia share has been bullish since 21-7-2011.
I am certain that the whole transactions of the said AirAsia’s shares for the last few days were on the computer screen of the Security Commission and the record of which can be easily ascertain by the Security Commission. Food for thought for the Security Commission.]
Since 21-7-2011 AirAsia’s shares have been on the unprecedented upbeat hitting as high as RM4.16 per share, in HERE, and MAS registered a movement between the range of 40 Sen, in HERE. On Saturday the 6-8-2011,The Malaysian Insider, published a sources story with clinical accuracy and perfect timing, in HERE. On Friday, one day before that spot on sources story by the said Malaysian Insider, AirAsia’s share closed at RM3.95, in HERE, and MAS RM1.62. On Monday 8-8-2011 (2 days later) after the publication of that famous sources story both AirAsia and MAS were suspended from trading. How coincidental!
Now Everyone Can Take Over Control of GLC!
At long last, the sources story became a reality. The news portal and mainstream newspapers must have received the news from an extremely reliable source. Perhaps from the players directly. So the AirAsia/MAS share swap has been sealed at long last. At whose interests? MAS or AirAsia?
Tan Sri Azman Mokhtar: Have you read the AirAsia’s financial statements?
I would like to share this comments which I have received from a reader, Warrior 123. I am surprised that mainstream newspapers like Star and others, have resorted to quoting sources, has painted a very rosy picture of this AirAsia/MAS share swap without any analysis on the income statements of AirAsia. Please read this well thought out piece below. Judge for yourself. I hope that Tan Datuk Sri Azman Mokhtar, head of Khazanah Nasional Bhd, and the bankers can convince us otherwise with their own analysis based on the AirAsia financial statements.
KHAZANAH Stop “ANAKTIRIKAN” MAS! How about LSG Sky Chef Brahim?
The Star reported today that “that Khazanah, which owns a 69% stake in MAS, is said to have concluded negotiations with AirAsia chief executive officer Tan Sri Tony Fernandes to come up with a deal to save the national carrier”. “Fernandes is to get 20% equity in MAS under the deal that is to be signed this week, with some sources saying it has already received the Government’s approval and could be inked today.”
In my immediate respond to the above, may I pose three innocent questions to Tan Sri Datuk Azman Hj Mokhtar: Why these so-called negotiations of the share swap were done with such secrecy? Why was there a need for such a rush for this so-called share swap to be signed by this week? Is MAS really in dire strait of collapsing or other airline?
YB Senator Datuk Idris Jala: Is this AirAsia/MAS share swap an indirect bailout?
The MAS/AirAsia share swap deal: “AirAsia’s Fernandes to gain 20% stake in national carrier”. The front page sources story in the Star today. “Fernandes declined to comment when asked about the deal.”, so says The Star. This was not what we know of Tony Fernandes, who loves publicity and is well known to jump on anything to say his bit to enhance his image. Read HERE.
This “share swap deal” is a joke of the century. It would appear that now AirAsia, which has been known to have the special “abilities” to owe airport taxes to the tune of more than RM125 million since it inception until 2010, has been made out to look like a white knight for MAS.
THE PERTINENT QUESTION NOW IS: IS AIRASIA BAILING OUT MAS OR MAS HAS BEEN USED AS A VEHICLE TO BAIL OUT AIRASIA? Your views please, YB Senator Datuk Idris Jala, the former CEO of MAS, on this issue.
Please read further. I leave it to you to judge.
“THE GOOD DO ALWAYS EVENTUALLY WIN,” said Datuk Seri Tony Fernandes
On 24-01-2011 after the hearing of the Lotus dispute in the High Court in London was adjourned and 10 days full trial was fixed for March 2011, Datuk Seri Tony Fernandes immediately sent a message on Twitter as follows:
“Very very happy over the judgment today.” “And extremely happy that full trial brought forward to 21 March. The good do always eventually win.”
25-10-2010 Questions Time: AirAsia
DARIPADA : TUAN WEE CHOO KEONG
(WANGSA MAJU)
TARIKH : 25 OKTOBER 2010
SOALAN : 41
Tuan Wee Choo Keong (Wangsa Maju) minta MENTERI PENGANGKUTAN menyatakan kedudukan pembayaran cukai lapangan terbang AirAsia dan oleh sebab banyak perkhidmatan tembang murah di kebanyakan Negara telah ‘’bankrupt’’ termasuk di Amerka Syarikat, India dan baru-baru ini di Hong Kong yang melibatkan ‘Oasis’. Apakah langkah yang diambil untuk menjamin pengguna yang telah membeli tiket AirAsia lebih awal akan berlepas dan tiba pada tarikh dan waktu sebagaimana yang ditetapkan.
Questions for October 2010 Parliament Session
Soalan-Soalan untuk Jawapan Lisan
Questions for Oral Answers
1. Tuan Wee Choo Keong [ Wangsa Maju ] minta Perdana Menteri menyatakan apa tindakan yang di ambil untuk memperbaiki perbezaan yang amat ketara bayaran gaji dan elaun bagi pegawai negeri kakitangan awam dalam perjanjian Ceupacs berkesan pada tahun 2007 menyebabkan pengawai rendah dibayar lebih tinggi daripada pegawai atasan menyebabkan kegusaran, tidak puasan hati dan pengurangan effisiensi perkhidmatan.
Tuan Wee Choo Keong [ Wangsa Maju ] asks the Prime Minister to state what actions were taken to rectify gross discrepancies of salary and allowance payments to civil servants in Ceupacs agreement effective in 2007 resulting in junior officers being paid higher than their seniors causing great resentment, disincentive and inefficiency.
2. Tuan Wee Choo Keong [ Wangsa Maju ] minta Perdana Menteri menyatakan apa langkah telah di ambil untuk menghentikan perkauman dan sifat anti-nasionalis dari usaha mengugat kestabilan negara, dan apa tindakan yang harus di ambil dalam kerangka sediada untuk mencapai tujuan maksud dan memenuhi objektif program 1Malaysia.
Tuan Wee Choo Keong [ Wangsa Maju ] asks the Prime Minister to state what measures have been taken to stop racism and anti-nationalists from destabilizing the country, and what actions to be taken in order to achieve the objective of 1Malaysia program.
3. Tuan Wee Choo Keong [ Wangsa Maju ] minta Menteri Dalam Negeri menyatakan apa tindakan yang di ambil untuk menyiasat laporan polis yang di buat keatas EXCO Selangor YB Ronnie Liu atas dakwaan pemalsuan tandatangannya dalam skandal Surat Sokongan, sehingga Lee Kee Hiong, bapa saudara beliau Lee Wye Wing dan syarikat WSK Services antara nama yang di ketengahkan.
Tuan Wee Choo Keong [ Wangsa Maju ] asks the Minister of Home Affairs to state what actions were taken to investigate the police report lodged by Selangor Exco member YB Ronnie Liu alleging forgery of his signature in the Letters of Support scandal, resulting in the names of Lee Kee Hiong and her uncle, Lee Wye Wing, and WSK Services being highlighted.