Ganesh Sahathevan

On 8 October 2007, Vincent Tan's THE EDGE (see VT's CV at http://www.ascotsports.com/help/d.asp?show=about) reported: On the home front, BLand owns some strategic pieces of land, chiefly the Selangor Turf Club(STC) in Sungai Be si and huge plots in Taman TAR and Bukit Jalil. It also has a 48.76% stake in Berjaya Sports Toto that is valued at over RM3 billion. (Cover Story: Berjaya on the mend,By M Shanmugam 8 October 2007,The Edge Malaysia (Weekly) (for background see story at http://sahathevan.blogspot.com/2007/10/is-selangor-dato-vincent-tan.html) On or about the same time, Berjaya Land share price spiked. (See graph at http://biz.thestar.com.my/marketwatch/images/9042191.gif) Subsequent to THE EDGE story stock broking houses have begun to incorporate the Turf Club land in their valuations of Berjaya Land (see story below) Meanwhile, nowhere in Berjaya Land's most recent audited accounts is there any mention of the Turf Club land. The Star Online Wednesday October 31, 200...

On October 13 2007 just prior to the Australian Civil Aviation Authority granting AirAsia X its Australian Air Operators Certificate, it was reported that 2 investors, Japan's Orix and another from Bahrain (variously named "Manama", "Perigon Capital", a "private equity fund") were to invest USD 75 million(USD 37.5 million each) for stake of 10% each in AirAsia X.(http://www.iht.com/bin/printfriendly.php?id=7875790) ORIX was asked how they came to value a 10% stake in AirAsia X at USD 37.5 million, just a few months after Richard Branson paid USD 7.2 million for a stake of the same quantity. ORIX's response: Dear Ganesh, As you mentioned, this bit of information seems to be in circulation; however, this has not been confirmed by ORIX. Therefore we have no further comments on this matter. Best regards, Yui Takamatsu (for ORIX) ORIX is a public company listed in Tokyo with continuous disclosure requirements in Japan and in the US, unlike AirAsia X and...

Vincent Tan's THE EDGE has reported concerning Vincent Tan and his Berjaya Land: On the home front, BLand owns some strategic pieces of land, chiefly the Selangor Turf Club(STC) in Sungai Be si and huge plots in Taman TAR and Bukit Jalil. It also has a 48.76% stake in Berjaya Sports Toto that is valued at over RM3 billion. (Cover Story: Berjaya on the mend,By M Shanmugam 8 October 2007,The Edge Malaysia (Weekly)) Berjaya Land were to take ownership of the STC land in land swap that would require BLand to build a race course in Bukit Tagar, Selangor. The Sultan of Selangor is opposed to this plan.Subsequently the Selangor State Government has refused permission for the proposed racecourse. Vincent and Berjaya Land claiming ownership pf the STC would appear to be in clear defiance of the Sultan's wishes. ````````````````````````````````````````````````````````````````````````````````````` Some backgound on the matter as reported by Dowjones Berjaya Land Bhd.'s (3395.KU) billi...

On ABC's Lateline, 25 October 2007, there was this exchange between Mike Smith, CEO ANZ and the presenter, Ali Moore: ALI MOORE: So what, the ANZ buying a whole bank, where? MIKE SMITH: Somewhere. ALI MOORE: Well, you can't in China? MIKE SMITH: No, but you can buy a regional bank that has operations in China. There are various operations and obviously I'm not going to tell you what they are, but I suspect you can work them out. Standard Chartered appears to be the only bank that fits Smith's criteria and which would be a realistic target. By process of elimination; banks incorporated in this region with operations in China are not likely targets for most countries in this region, like China, prohibit takeover of their banks. That leaves two possible targets, HSBC and Standard Chartered. HSBC is clearly too large a target, hence leaving just Standard Chartered. END

On October 28, 1966, about a month and a half after Teh Hong Piow and other former senior executives of Malayan Banking Bhd opened Public Bank Bhd for business, there was a run on Malayan Banking. The matter was so serious that police had to be called in to control crowds at some branches, and Bank Negara and its then Governor Ismail Ali had to issue a statement expressing Government support for Malayan(Straits Times, Saturday ,29 October 1966,page 1). According to a market commentary in the Straits Times, Monday 31 October 1966: The (Bank Negara) statement on Malayan Banking was more than timely in view of the rumours that have been sweeping through the market over the past month or so. The market has to a large extent been holding back because of concern about the affairs of this huge bank chain, with all its ramifications and which in the past few years has expanded so rapidly. The report and accounts for the year ended June 30 are well overdue.The annual meeting is some six weeks l...

From THE STAR 18 October 2007: Teh Hong Piow , then 36, beat all the odds and became the founder, owner and managing director of Public Bank Bhd, which opened its doors for business on Aug 6, 1966, in a three-storey building at No 4, Jalan Gereja in Kuala Lumpur .......... In 1960, the 30-year-old Teh left OCBC to be part of a small group which helped start Malayan Banking. He was one of the management staff charged with building the bank from scratch. He rose swiftly through the ranks and became general manager within four years . In 1966 came the decision to strike out on his own. One of his earliest breakthroughs – a foray into housing development – generated some RM10mil, which was used as seed money to set up the bank. (http://biz.thestar.com.my/news/story.asp?file=/2007/10/18/business/19198449&sec=business ) So -Teh left Maybank in 1966-got into property development , made RM 10 million-and started his own bank in August that year.How brilliant, how skillful......(readers c...

[ Domain Name ] myfox.com.my b [ MYNIC Registration No. ] D1A074797 c [ Record Created ] 08-FEB-2007 d [ Record Expired ] 08-FEB-2008 e [ Record Last Modified ] 08-FEB-2007 f [ Invoicing Party MYNIC Handle: R07 ] Fauziah Musa JARING Technology Park Malaysia 57000 Kuala Lumpur Wilayah Persekutuan onlinedomain@jaring.my (Tel) 603-8657 5000 (Fax) 603-8994 3106 g [ Registrant MYNIC Handle: FOXC1.ORG ] FOX CONSULTING SDN BHD (602965-T) 45-49, JALAN PJS 1/28 TAMAN PETALING UTAMA 46000 PETALING JAYA Selangor (Tel) 603-77815806 (Fax) 603-77824434 h [ Administrative Contact MYNIC Handle: DCA040495 ] Sandra Lee FOX CONSULTING SDN BHD 45-49, JALAN PJS 1/28 TAMAN PETALING UTAMA 46000 PETALING JAYA Selangor sandra@foxmedia.cc (Tel) 603-26151181 (Fax) 603-26151160 i [ Billing Contact MYNIC Handle: SANDLEE0.CON ] Sandra Lee Efficient Mailcom Sdn Bhd 45-49 Jalan PJS 1/28 Taman Petaling Utama, 46000 Petaling Jaya Selangor Malaysia sandra@efficient.com.my (Tel) 03-77812555 (Fax) ...