40 per cent. That's how much the market says Singapore could hold in the NSTP-Utusan merged company, mostly through proxy. Is that a plan?
You have no way of knowing at this point of time as both parties have signed a non-disclosure agreement, although that did not stop them the other day from briefing the analysts, who after that seemed very sure that the deal will happen. The renewed confidence, in turn, sparked NSTP's 19-sen rebound in this morning's trade.
I may be a minority shareholder but I want to know. If Lee Kuan Yew and Co holds even a single share in the NSTP or Utusan or, God forbids, a merged entity, I demand to be told before it happens.
That 1 share could be the golden share, man!
[read here for the 19-sen rebound and here on what the analysts had been told].
p.s. look out for regular updates in the next few days. the spin docs are working overtime to make the merge deal look prettier and sweeter for the Malay public and the Umno supreme council members.
update One: 4.55pm
First sweetener: Nasir Ali, the Utusan Melayu group executive director, is tipped to be the group CEO of the merged NSTP-Utusan entity. This is definitely aimed at putting the pro-Utusan group at ease. Where will Syed Faisal Albar, the CEO of NSTP, go? Full time at Malay Mail/(suspended) Weekend Mail or away from the limelight in the Media Prima empire?
[read the Bernama piece here on update 1]
[More Liquidity for the Market, says Nor Mohamed Yakcop here].