Mca Urges Probe Into Epf S Mahb Sell And Buy Move


 


MCA has urged the MACC and Public Accounts Committee to investigate the Employees Provident Fund's (EPF) decision to sell its stake at the Malaysia Airport Holdings Berhad (MAHB) at a lower price and repurchase them at a premium in a short period.
Party's central committee member Quek Tai Seong said the authorities must find out if there were elements of insider trading involved.
"From the perspective of stock market operations, selling a large number of shares at a low price before privatisation and then buying them back at a high price shortly after creates a significant price gap, leaving room for substantial profits.
"It is not impossible that there was a secret arrangement between the buyer and seller to facilitate insider trading," he said in a statement today.
On Jan 14, MCA president Wee Ka Siong also called for an investigation on the matter, citing there may be weaknesses in EPF's management of information and planning if it sold the shares without being aware of MAHB's privatisation plans.
The Ayer Hitam MP added that if it was done deliberately, there could be a lack of transparency by EPF or vested interests by certain parties.
"It is like selling a bunch of bananas for RM10 and repurchasing the same ones for RM20. I am riled up.
“Where are all the smart people managing a very important organisation in the country,” The Star reported Wee as saying.
Yesterday, the EPF defended its move, saying it aligns with its broader investment objectives aimed at generating income required for dividend payments during the financial year.
EPF said the recent decision to make a voluntary general offer for MAHB’s shares at RM11 per share as part of a consortium reflects a separate, long-term strategic plan aimed at achieving sustainable growth and returns.
'RM500m in losses'
Unimpressed, Quek claimed that the EPF suffered a loss of RM500 million after selling low and buying back MAHB’s shares.
He also said that the issue cannot be brushed aside on the excuse of "long-term strategic investment".
“The EPF owes an explanation to the public, especially its 16 million members who are directly affected,” Quek stressed.
The MCA leader said it was also baffling why EPF decided on the move when there are widespread rumours in the market that MAHB might be privatised and delisted.
Quek Tai Seong“Typically, such a move would involve a mandatory buyback at a high price, and shareholders who held onto their shares would eventually reap substantial profits.
“However, the EPF's decision to sell shares at a low price completely contradicts the logic of investment, causing innocent losses to its members,” Quek said.
EPF has been an MAHB shareholder since Nov 30, 1999, when the company was listed on Bursa Malaysia’s main market at RM2.50 per share. - Mkini


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2025/01/mca-urges-probe-into-epfs-mahb-sell-and.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Baloney Mca Chief Pans Epf On Sell And Buy Move Of Mahb Shares

Baloney Mca Chief Pans Epf On Sell And Buy Move Of Mahb Shares

papar berkaitan - pada 19/1/2025 - jumlah : 139 hits
Wee Ka Siong dismissed the Employees Provident Fund s explanation for selling its stake in Malaysia Airport Holdings Berhad at a lower price and repurchasing it at a premium after a short period I m sorry to use this word but EPF s explanat...
Villagers Upset Over Foul Discharge Into Sungai Skudai In Jb

Villagers Upset Over Foul Discharge Into Sungai Skudai In Jb

papar berkaitan - pada 11/1/2025 - jumlah : 97 hits
Villagers talking to environment department officers regarding the foamy black water discharge in Sungai Skudai Johor Bahru PETALING JAYA Residents of Kampung Sepakat Baru in Skudai Johor Bahru have expressed concern over a foul foamy black...
Can King Or Pardons Board Insert Addendum Into Pardon

Can King Or Pardons Board Insert Addendum Into Pardon

papar berkaitan - pada 11/1/2025 - jumlah : 110 hits
Editor s note Malaysiakini has obtained permission to republish this article which first appeared The answer is No Why Since the Najib Abdul Razak saga began the addendum has been as Churchill famously said a riddle wrapped in a mystery ins...
Pahang Palace Confirms Royal Decree To Let Najib Go Home Plunging Anwar Into Greater Dilemma

Pahang Palace Confirms Royal Decree To Let Najib Go Home Plunging Anwar Into Greater Dilemma

papar berkaitan - pada 7/1/2025 - jumlah : 173 hits
A letter from the Pahang state palace confirming that Sultan Abdullah Sultan Ahmad Shah had during his reign as the Agong ordered Najib Razak to serve the remainder of his sentence under house arrest was read out in the Court of Appeal toda...
Appreciation Dinner For Kit Siang Turns Into Political Dispute Ahead Of Party Polls

Appreciation Dinner For Kit Siang Turns Into Political Dispute Ahead Of Party Polls

papar berkaitan - pada 3/1/2025 - jumlah : 138 hits
A dinner to honour DAP veteran Lim Kit Siang has turned into a political issue implicating his son DAP chairperson Lim Guan Eng as speculations emerge that the event is instead a warm up for upcoming party polls ADSThe Penang DAP state comm...
Suhakam Calls For Inquest Into Custodial Death Of Pakistani Man

Suhakam Calls For Inquest Into Custodial Death Of Pakistani Man

papar berkaitan - pada 16/1/2025 - jumlah : 127 hits
The Human Rights Commission of Malaysia said it had not received any response from the authorities and the Attorney General s Chambers despite having submitted its investigation report in June PETALING JAYA The Human Rights Commission of Ma...
Revision Of Mahb Takeover Terms Sets Unhealthy Precedent Says Wan Fayhsal

Revision Of Mahb Takeover Terms Sets Unhealthy Precedent Says Wan Fayhsal

papar berkaitan - pada 22/1/2025 - jumlah : 491 hits
Machang MP Wan Ahmad Fayhsal Wan Ahmad Kamal says the revision of the privatisation threshold has denied Malaysia Airports Holdings Bhd s minority shareholders a share price based on its current market valuation PETALING JAYA The revision o...
Anwar Wants Malaysia Moving Quickly Into The Digital Age

Anwar Wants Malaysia Moving Quickly Into The Digital Age

papar berkaitan - pada 22/1/2025 - jumlah : 194 hits
While Anwar Ibrahim s enthusiasm for blockchain and cryptocurrency has yet to match that of Donald Trump steps are already under way to facilitate greater adoption of the technology in Malaysia In fact a policy paper on it will be presented...
Disabled Man Assaulted After Riding Into Market Stall

Disabled Man Assaulted After Riding Into Market Stall

papar berkaitan - pada 18/1/2025 - jumlah : 216 hits
Police said a video clip of the incident has been circulating on social media CHUKAI Police are looking for several people believed to be involved in the assault of a mentally disabled man at the farmers market in Padang Astaka Chukai this ...
Malaysia Turkiye Mampu Cabar Naratif Pro Israel Kata Penganalisis

Firearms Possession And Regulations In Malaysia Public Safety Must Remain A Priority

Patung Dewa Murugan Tertinggi Di Dunia Terletak Di Batu Caves

Ditahan Isa Kerana Mahu Serang Orang Islam

Setia Alam Shooter Opens Fire On Janitor After Request To Relocate His Belongings

Bukan Masanya Untuk Mengajar Mereka Berenang

Lirik Lagu Perayaan Mati Rasa Umay Shahab Feat Natania Karin

Tauhu Bakar Vs Tauhu Goreng Singapore Mana Lebih Sedap


echo '';
Info Dan Sinopsis Filem Sumala 2024 Adaptasi Kisah Nyata Dari Kabupaten Semarang Kini Di Platform Online Netflix Malaysia

Ramalan Peserta Gegar Vaganza 2025 2026 Musim 12 GV12

Keputusan Markah Konsert Akhir Final Gegar Vaganza 2024 2025 GV 11 Juara Pemenang Finalis

Senarai Lagu Tugasan Konsert Akhir Gegar Vaganza 2024 2025 Musim 11 Minggu 12

Keputusan Markah Peserta Konsert Minggu 11 Gegar Vaganza 2024 2025 Musim 11 Separuh Akhir


Gegar Vaganza 11 Liza Aziz Dinobat Pemenang Gegar Vaganza Ke 11

Muzium Negeri Selangor Muzium Sultan Alam Shah Dah Dibuka Semula

Happy168 World 25 February 2568 168 168 Top 83 By Lorenzo

Panda555 50 Pgslot Slotxo Joker Spinix Panda555 Top 84 By Verona Panda555 Vip 23 25

Panduan Terbaik Untuk Menghadapi Ujian Psikometrik Jawatan Penolong Pegawai Teknologi Maklumat Fa5

Readers Poll 2024 Winners Announced Practical Fishkeeping