For many decades, people in Malaysia do not realize how this highly respectable longest serving former Prime Minister of Malaysia had his country run using share swap strategy.
“We will story you later in our next episode on how Tun. Dr. Mahathir’ did share swap to wallop the local bank to aid his trouble company and his hidden agenda to give his blessing in this Collaboration Agreement for MAS and Air Asia“.
Remember the Renung Company? It owed Bank Bumiputra loads of loans and how did a troubled company like RENUNG can end up owning Bank Bumiputra (currently is CIMB)?
But before we get into that short story, we like to inform the public we have received a very reliable information that Tun Daim has been given FULL authority to run all GLCs companies in which he is selling it piece by piece accomplishing full released of GLCs to outsiders by year 2015.
So, Mr. Barisan National ruling party, are you still there governing the country? Hey, wakey wakey Barisan National team, time to be alert and reinforce all country laws.
Many years ago, RENUNG, a reputable company was doing very well until it landed into Tun Dr. Mahathir’s hand. Some kind of siphoning strategy plausibly was being used at that time.
RENUNG then started to borrow more and more money from Bank Bumiputra but was unable to remit the loans payment on time and it frustrated the Bank Bumiputra so the share swap was used as payment measures just like what did happen to Tajudin Ramli when he was asked to leave MAS but selling his remaining MAS shares at RM8 although MAS shares at that time was only below RM4. Tajudin Ramli’s exit was an open share swap that many people didn’t realize but the only difference was that the transaction was perhaps in monetary form.
This share swap strategy was supposed only be used in Malaysia only when an established public listing company cannot afford to pay back its huge loans. So RENUNG went into share-swapping (buying) at higher rates than the published rates which also means Bank Bumiputra had no other choice but allowed it to clear its top listed bad-debts.
Bank Bumiputra inevitably was sort of got conned for buying higher shares to clear its bad debts without realizing that such share swap had ended up Tun Dr. Mahathir ventured and schemed into owning Bank Bumiputra.
Do you guys and gals NOW see that clearly?
That is Tun Dr. Mahathir, the most respectable and reputable public figure we have ever known in this land of Malaysia.
Many bloggers have started to realize Tun Dr. Mahathir is not what we all think who he is. Despite his contribution to making Malaysia a quite well known country in the world, Tun Dr. Mahathir has his darker side too.
We urge bloggers out there to start blogging about what Tun Dr. Mahathir had done in the past so that we know that SHARE SWAP is to eat into our competitor quickly and this share swap between MAS and Air Asia is not just a blessing by Tun Dr. Mahathir, the share swap must have got him larger shares in MAS too.
No free lunch in this world and everything is done with ulterior motive for Tun Dr. Mahathir to slither into controlling Malaysia Airlines and MAS so revive his army to control the country once again through his son.
We once have admired Tun Dr. Mahathir but today we would say this to you….
Tun Dr. Mahathir, you are a disgusting public figure and a criminal who masterminded the eating into another public company for your own benefits. You are nothing but a trouble for Malaysia. Please leave MALAYSIA for good.
Please read this blog by Tun Dr. Mahathir Mohamad – http://www.chedec.cc (Supporting MH/AK) in which he has admitted MAS has been cheated by Air Asia.
“I have been asked why I support bringing MAS and Air Asia together. Don’t I know that it is a bad deal; that MAS has been cheated by Air Asia?” by Tun Dr. Mahathir Mohamad.
So basically, any companies that has Tun Dr. Mahathir’s involvement is practically a bankrupt company because Tun Dr. Mahathir is a politician and never was a business acumen. With the help from the corrupted Tony Fernandez and his gangster, he can do it better exactly the phrase we hear all the times – MALAYSIA MEMANG B O L E H!
Similarly, MAHATHIR MESTI BOLEH!
Tony Fernandez quoted to many, “JENG JENG JENG JENG!, we are taking over MAS”. The question is who is he to take over MAS? Hmm?
Get ready for MAHATHIR IS COMING TO EAT ALL PUBLIC LISTING COMPANIES VIA HIS COLLABORATION WITH TUN DAIM ZAINUDDIN, TAN SRI RAFIDAH AZIZ AND TONY FERNANDEZ AND HIS GANGSTERS!
We assume MAHATHIR MOHAMAD is a great fan of monopoly game. The resolution to all this Mahathir’s Cronism is to ban SHARE SWAP and to have a strictest control over the KL BURSA or else it will push away foreign investments as long as Tony Fernandez and his gangsters together with Tun Dr. Mahathir Mohamad have the shares in Malaysia.
So, Mr. Prime Minister, do your very best!
Stay tune for next episode on how Tony Fernandez waving to his fans?