Could they have said no even if they wanted to?
Sime Darby and Kumpulan Guthrie had already given the merge their nod. We have to assume that all the directors of all 3 companies know what they were doing. If this biggest merger in Malaysian corporate history fails, and insider Syed Munir Syed Qadri says it will fail, they must all be made to account for what will probably be the biggest failure in Malaysia's corporate history.
Click COMMENTS below to read the insider's letter.
"Under the merger proposal, Permodalan Nasional Berhad will hold 45 percent shares in the merged entity, while 10 per cent will be held by the Employees Provident Fund. The other 25 percent will be the public spread while the remaining 20 per cent will be opened for foreign participation, in the name of globalisation.
So there's every likelihood that Singapore, with the help from some of its "friends" in the Prime Minister's Office, will buy the 20 per cent shares. They will also make an attempt to buy the shares available in the open market."