各位朋友，今天TIMECOM 通过了一系列的议程。
议程如下。本来想放上来就算了，怎知我最近上瘾investalks了，再加上版主的加分又大大地鼓励了我，所以又开始长篇大论了。
Type Announcement
Subject GENERAL MEETINGS
OUTCOME OF MEETING
Description
TIME DOTCOM BERHAD (“TdC” OR “COMPANY”)
(I) PROPOSED ACQUISITIONS BY TdC OF:
(A) 100% EQUITY STAKES IN GLOBAL TRANSIT COMMUNICATIONS SDN BHD (“GTC”) FROM PULAU KAPAS VENTURES SDN BHD FOR A PURCHASE CONSIDERATION OF RM102,000,000, TO BE FULLY SETTLED VIA THE ISSUANCE OF 28,732,394 NEW TdC SHARES AT AN ISSUE PRICE OF RM3.55 EACH;
(B) 100% EQUITY STAKES IN GLOBAL TRANSIT LIMITED (“GTL”) FROM MEGAWISRA SDN BHD, HALFMOON BAY CAPITAL LIMITED, ACCURATE GAIN PROFITS LIMITED, CONTINUUM CAPITAL SDN BHD AND NICHOLAS LIM PING FOR A PURCHASE CONSIDERATION OF RM101,000,000, TO BE FULLY SETTLED VIA THE ISSUANCE OF 17,070,421 NEW TdC SHARES AT AN ISSUE PRICE OF RM3.55 EACH AND A CASH PAYMENT OF RM40,400,000;
(C) 100% EQUITY STAKES IN GLOBAL TRANSIT ENTITIES FROM GLOBAL TRANSIT INTERNATIONAL SDN BHD FOR A CASH CONSIDERATION OF RM1.00 EACH; AND
(D) 100% EQUITY STAKES IN AIMS GROUP FROM MEGAWISRA SDN BHD FOR A TOTAL PURCHASE CONSIDERATION OF RM119,000,000 TO BE FULLY SETTLED VIA THE ISSUANCE OF 20,112,676 NEW TdC SHARES AT AN ISSUE PRICE OF RM3.55 EACH AND A CASH PAYMENT OF RM47,600,000,
(COLLECTIVELY, “PROPOSED ACQUISITIONS”);
(II) PROPOSED CAPITAL REPAYMENT OF RM50,615,500 REPRESENTING RM0.02 PER EXISTING TdC SHARE TO THE ENTITLED SHAREHOLDERS OF TdC PURSUANT TO SECTIONS 60 AND 64 OF THE COMPANIES ACT, 1965 (“PROPOSED CAPITAL REPAYMENT”);
(III) PROPOSED CAPITAL RESTRUCTURING COMPRISING:
(A) PROPOSED CAPITAL REDUCTION OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF TdC VIA THE CANCELLATION OF RM0.90 OF THE PAR VALUE OF EACH TdC SHARE PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 (“PROPOSED CAPITAL REDUCTION”);
(B) PROPOSED SET-OFF OF TdC’S SHARE PREMIUM ACCOUNT AGAINST THE ACCUMULATED LOSSES OF TdC; AND
(C) PROPOSED SHARE CONSOLIDATION OF 2,530,775,000 TdC SHARES OF PAR VALUE OF RM0.10 EACH (AFTER THE PROPOSED CAPITAL REDUCTION) INTO 506,155,000 TdC SHARES OF PAR VALUE OF RM0.50 EACH IN TdC, ON THE BASIS OF FIVE (5) TdC SHARES OF PAR VALUE OF RM0.10 EACH INTO ONE (1) TdC SHARE OF RM0.50 EACH;
(COLLECTIVELY, “PROPOSED CAPITAL RESTRUCTURING”);
(IV) PROPOSED EXEMPTION FOR MEGAWISRA SDN BHD (“MEGAWISRA”) AND THE PERSONS ACTING IN CONCERT WITH MEGAWISRA (COLLECTIVELY, “PAC GROUP”) FROM THE OBLIGATION TO UNDERTAKE A MANDATORY GENERAL OFFER FOR THE REMAINING TdC SHARES WHICH ARE NOT ALREADY HELD BY THEM ARISING UPON COMPLETION OF THE PROPOSED ACQUISITIONS PURSUANT TO PARAGRAPH 16 OF PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010 (“PROPOSED PAC GROUP EXEMPTION”);
(V) PROPOSED EXEMPTION FOR MEGAWISRA FROM THE OBLIGATION TO UNDERTAKE A MANDATORY GENERAL OFFER FOR THE REMAINING TdC SHARES WHICH ARE NOT ALREADY HELD BY IT ARISING FROM THE COMPLETION OF THE PROPOSED ACQUISITIONS PURSUANT TO PARAGRAPH 16 OF PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010 (“PROPOSED MEGAWISRA EXEMPTION”),
(THE PROPOSED PAC GROUP EXEMPTION AND THE PROPOSED MEGAWISRA EXEMPTION ARE COLLECTIVELY REFERRED TO AS “PROPOSED EXEMPTIONS”); AND
(VI) PROPOSED AMENDMENT TO TdC’S MEMORANDUM OF ASSOCIATION TO FACILITATE THE PROPOSED ACQUISITIONS, PROPOSED CAPITAL REPAYMENT AND PROPOSED CAPITAL RESTRUCTURING (“PROPOSED AMENDMENT”)
(THE PROPOSED ACQUISITIONS, PROPOSED CAPITAL REPAYMENT, PROPOSED CAPITAL RESTRUCTURING, PROPOSED EXEMPTIONS AND PROPOSED AMENDMENT ARE COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
简单来说
红格是关于‘还原靓靓拳’ 弄美帐簿的举动，其他则是与收购4家公司案有关议程。
分享下我对这数据的看法：
1。出席率不错
2。有股反对声音不容小观
3。多数小股东投支持票。
总结：股东大会可算成功
1。TIMECOM 2010年报列明共有2，530，775，000股。
上图每次议程投了最多（支持加反对）有383票，
共计1734019888+ 217008441= 1,951,028,329股。 （看1）
出席者占了 公司股份 1,951,028,329/2，530，775，000 = 77.09%。出席率还蛮不错。
2。看来有15票是坚决反对全部方案的，连派钱也反对。
如何得知？（看ordinary resolution 4- 青格）
因这15票占有216，897，141股。所以逻辑来讲他们也投下了其他所有动议的反对票。
这15票占了公司股份8.57%，算蛮高的。真想知道为何反对。。。？
3。但总的来说出席的小股东大多都是支持的， 因为在收购案中支持有364票，但只有661.461.911股。
我猜这是因为Afzal在收购案中身份有冲突所以没投票。
粗略计算没投票的有
1,951,028,329 - （661461911+216897741）=1072668677
1072668677/ 2，530，775，000 = 公司股份42.3%
（Afzal有30.04 %， EPF有7.45 %所以至少有两名大股东弃权投票）
最后我SingBlueSilver总结来说这次的股东大会是可算成功的！！
阿茂说‘通过就通过啦，干吗算这些有的没的 ？？’
‘Ei, 你不是在TIMECOM上班的打工仔A吗？SingBlueSilver问道 （记不得阿茂请回去看这 第三回之新官上任三把火）
‘是啊，打工仔不能买股票阿？’
‘不是这个意思，我也是打工仔。’
‘通过就通过啦，罗罗嗦嗦站在这阻街。反正大股东要的话没说不能的’
‘朋友，做任何事都需要一样东西- 士气！
如果议程的通过是由大股东大石砸死蟹强硬过关的，那公司会好吗？明天开市你就赶快丢票了。管理层执行计划时也睡不安吧，因为计划成功还好，不成就上报纸啦。
现在大多数股东赞成收购计划，也表示对未来还存有期望。’SingBlueSilver 解释
‘等下！！！’阿茂说， ‘你说这次大会出席率还蛮不错，但根据2010年报有20508名股东，
所以383/20508 =1.8% ，这样都算好？？ ’ 阿茂挑战似的搬出数据。
‘请问你有读报纸的习惯吗？’
‘有啊，天天都读。今天新洲报导無線劇集《法證先鋒III》成為2011年十大最高收視劇集冠軍，全劇平均收視36點，壓倒《潛行狙擊》的平均31點；Pro Sir（黎耀祥）贏Laughing哥！！’ 阿茂自豪地说
‘不错，那你知道占领华尔街运动中所提的‘我们是1% ’的来龙去脉吗？’
‘什么街？最近有打战？’
‘你知道20 /80 定律吗？80% 的财富被20%的人掌握。
请问握有多股的少数人容易影响股价还是握有少股的多数人？’
‘当然是多股的’
‘请问何谓投资？’
‘投資是賺取資本利得[價差]及經營利得[配息]，并著重在長期的績效。’
‘很好，我说出席率不错因为握有公司77%股票的股东都到了。这里不应以人数为标准而应以持股量为准。
77%有42%很大可能是CEO和EPF，剩下35%又有8.57%投反对票，所以26.3% 是支持收购的。这26.3%只包括了364票，代表很有可能是持100001 - <5% 这组别的。（看第二图）
而这组别只有601人，所以代表> 50%手握多股的投资者是支持的。
这你说对稳定股价和士气重要吗？通过这个大会议程每股将会退RM0.02，这对你所谓的[配息]有达到吗？
‘有。。。’
‘那你觉得现在这个股东大会成不成功？’
‘成。。。 你为何那么费心看着数据做那么多推测？这不过是个表决罢了，人们看了也不理会的。你说那么多你能从这里得到好处吗？我闭着眼睛炒harvest赚得比你还多，你拿那计算机安来按去什么也没得到 ！！’ 阿茂涨红脸说着。
‘因为我高兴。’SingBlueSilver 淡淡道。
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