Malaysian Bulk Carriers Berhad

MULTIPLE PROPOSALSMAYBULK BERHAD (FORMERLY KNOWN AS MALAYSIAN BULK CARRIERS BERHAD) ("MBC" OR THE "COMPANY")

(I) PROPOSED ACQUISITION;

(II) PROPOSED JOINT VENTURE; AND

(III) PROPOSED DIVERSIFICATION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

General Meetings: Outcome of Meeting

Top 10 Highest Net Cash per Market Cap Companies.

In times of economic uncertainty, a company's cash reserves become ever more vital. Nevertheless, simply having large cash reserves doesn't always equate to financial strength. Today, we screened for 10 stocks ranked solely by their net cash divided by market cap, with market cap of at least RM 230mil. A percentage of more than 100% implies the company has more net cash than their market cap.

Did any of your favourite companies make it into the list? It's important to remember that a cash balance surpassing market cap doesn't necessarily signify a bargain, and Stockbitors should remember to do their due diligence in evaluating the company from multiple angles before making any decisions.

How would you improve this screener? Let’s discuss more in the comment section below!

$STAR / 6084 (STAR MEDIA GROUP BERHAD) $DUTALND / 3948 (DUTALAND BERHAD) $INSAS / 3379 (INSAS BERHAD) $MAYBULK / 5077 (MALAYSIAN BULK CARRIERS BERHAD) $KLUANG / 2453 (KLUANG RUBBER COMPANY (MALAYA) BERHAD)

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: (I) PROPOSED SHARE BUY-BACK AUTHORITY OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MAYBULK BERHAD ("PROPOSED SHARE BUY-BACK AUTHORITY"); AND (II) PROPOSED EXEMPTION UNDER SUBPARAGRAPH 4.15(1) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS ISSUED BY THE SECURITIES COMMISSION MALAYSIA TO DATO' GOH CHENG HUAT AND PERSON(S) ACTING IN CONCERT WITH HIM FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR ALL THE REMAINING ORDINARY SHARES IN MAYBULK NOT ALREADY OWNED BY THEM ARISING FROM THE PURCHASE BY MAYBULK OF ITS OWN SHARES PURSUANT TO THE PROPOSED SHARE BUY-BACK AUTHORITY ("PROPOSED EXEMPTION") (COLLECTIVELY, THE "PROPOSALS")

General Meetings: Notice of Meeting

Annual Report & CG Report - 2023

Circular to Shareholders in relation to Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature

General Meetings: Notice of Meeting

OTHERSMaybulk Berhad (Formerly known as Malaysian Bulk Carriers Berhad) ("Maybulk" or the "Company")
- Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature

MULTIPLE PROPOSALSMAYBULK BERHAD (FORMERLY KNOWN AS MALAYSIAN BULK CARRIERS BERHAD) ("MAYBULK" OR THE "COMPANY")

(I) PROPOSED SHARE BUY-BACK AUTHORITY; AND
(II) PROPOSED EXEMPTION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

MULTIPLE PROPOSALSMAYBULK BERHAD (FORMERLY KNOWN AS MALAYSIAN BULK CARRIERS BERHAD) ("MBC" OR THE "COMPANY")

(I) PROPOSED ACQUISITION;

(II) PROPOSED JOINT VENTURE; AND

(III) PROPOSED DIVERSIFICATION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

MULTIPLE PROPOSALSMAYBULK BERHAD (FORMERLY KNOWN AS MALAYSIAN BULK CARRIERS BERHAD) ("MBC" OR THE "COMPANY")

(I) PROPOSED ACQUISITION;

(II) PROPOSED JOINT VENTURE; AND

(III) PROPOSED DIVERSIFICATION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

MAYBULK - CHANGE OF NAME

Here's my lineup for 2024 @portoftheyear

$SDS / 0212 (SDS GROUP BERHAD) 30%
$MYNEWS / 5275 (MYNEWS HOLDINGS BERHAD) 20%
$GREATEC / 0208 (GREATECH TECHNOLOGY BERHAD) 20%
$PARKSON / 5657 (PARKSON HOLDINGS BERHAD) 20%
$MAYBULK / 5077 (MALAYSIAN BULK CARRIERS BERHAD) 10%

$MAYBULK / 5077 (MALAYSIAN BULK CARRIERS BERHAD) too?

Change of Company Name - MAYBULK BERHAD

General Meetings: Outcome of Meeting

Quarterly rpt on consolidated results for the financial period ended 30/09/2023

MULTIPLE PROPOSALSMALAYSIAN BULK CARRIERS BERHAD ("MBC" OR THE "COMPANY")

(I) PROPOSED ACQUISITION;

(II) PROPOSED JOINT VENTURE; AND

(III) PROPOSED DIVERSIFICATION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED ACQUISITION OF A PARCEL OF FREEHOLD LAND MEASURING APPROXIMATELY 23.48 HECTARES LOCATED IN MUKIM KAPAR, DAERAH KLANG, NEGERI SELANGOR ("LAND") BY MBC LOGISTIC HUB SDN BHD (FORMERLY KNOWN AS MBC RETAIL SDN BHD), A SUBSIDIARY OF MBC, FROM KAPAR LAND SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM165 MILLION ("PROPOSED ACQUISITION"); (II) PROPOSED JOINT VENTURE BETWEEN MBC AND GOLDEN VALLEY VENTURES SDN BHD TO JOINTLY ACQUIRE AND DEVELOP THE LAND ("PROPOSED JOINT VENTURE"); AND (III) PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF MBC AND ITS SUBSIDIARIES TO INCLUDE INDUSTRIAL PROPERTY DEVELOPMENT AND INVESTMENT ("PROPOSED DIVERSIFICATION") (COLLECTIVELY, THE "PROPOSALS")

General Meetings: Notice of Meeting

MAYBULK - Notice of Book Closure

First Interim Dividend

OTHERSMALAYSIAN BULK CARRIERS BERHAD ("MBC" OR THE "COMPANY")
- FIRST INTERIM SINGLE-TIER DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDING 31 DECEMBER 2023

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSMALAYSIAN BULK CARRIERS BERHAD ("MBC" OR THE "COMPANY")
MEMORANDUM OF AGREEMENT FOR DISPOSAL OF A BULK CARRIER, NAMELY ALAM KEKAL

The Extraordinary Journey of Robert Kuok

When discussing the wealthiest individual in Malaysia, Tan Sri Robert Kuok often comes to mind. However, are you familiar with his life story and how he achieved the title of the richest man in Malaysia? On his 100th birthday today, October 6th, I'd like to take this opportunity to provide an overview of his life.

Introduction

Tan Sri Robert Kuok is a name synonymous with success, wealth, and business acumen in Malaysia and beyond. Born on October 6, 1923, in Johor Bahru, Malaysia, Kuok's life is a testament to hard work, resilience, and a keen entrepreneurial spirit. Over the years, he has emerged as one of the most influential businessmen in Southeast Asia and is often hailed as the "Sugar King of Asia" and "Hotel King." This essay delves into the remarkable life of Tan Sri Robert Kuok, tracing his journey from humble beginnings to becoming the richest man in Malaysia.

Early Life and Family Background

Robert Kuok's family hails from Fujian, China, and he is the youngest of three brothers. His family's roots in the sugar and rice trading business played a pivotal role in shaping his future endeavors. Kuok's early life was marked by the struggles of World War II and the Japanese occupation of Malaya, during which he witnessed the challenges of scarcity and economic instability.

Education and Early Career

Following his education at Raffles Institution and English College Johor Bahru, Kuok embarked on his professional journey during the Japanese occupation of Singapore from 1942 to 1945. He began as a collaborator and worked as a clerk in the rice-trading department of Mitsubishi Shoji Kaisha, a Japanese industrial conglomerate. This conglomerate, backed by Japanese military support, held a monopoly on the rice trade in Malaya during the occupation. Kuok's talents and expertise quickly earned him a promotion to head of the rice-trading department. After World War II, he applied the knowledge and skills he had gained to his family's business in Johor.

Entrepreneurial Pursuits

Upon returning to Malaysia, Kuok initially joined his family's business, which primarily focused on rice and sugar trading. However, following the passing of his senior family member in 1948, Kuok, along with his two brothers and a cousin, founded Kuok Brothers Sdn Bhd in 1949. This marked the beginning of their journey in trading agricultural commodities. While their business initially revolved around traditional commodities, Kuok's vision extended beyond these boundaries.

In the early 1950s, he identified the potential within the sugar industry and embarked on a transformative venture. Kuok ventured into sugar refining and established the Malayan Sugar Manufacturing Company, later known as MSM.

Sugar Industry Dominance

In 1961, Kuok initiated the purchase of low-cost sugar from India and sold it to Malaysia. Within a short period, he gained control of 80% of the country's sugar market, with a production capacity of 1.5 million tons. This remarkable feat earned him the prestigious title of the 'Sugar King of Asia.'

Hotel Ventures

In 1971, Kuok's entrepreneurial spirit led him to build the first Shangri-La Hotel in Singapore. He acquired the land for this venture through Petaling Garden Berhad, a Malaysian-based developer. His entry into the Hong Kong property market occurred in 1977 when he obtained a waterfront plot in Tsim Sha Tsui East, where he constructed the Kowloon Shangri-La. Today, Shangri-La International owns, operates, and manages over 100 hotels and resorts across 78 destinations worldwide.

Diverse Business Interests

In addition to his success in sugar and the hotel industry, Kuok diversified his business interests. He ventured into various sectors, including media through the acquisition of the South China Morning Post (later sold to Alibaba in 2016), land logistics through Kerry Logistics, plantations, edible oil, and grain businesses via Wilmar International. He also showed interest in freight shipping through companies like $MAYBULK / 5077 (MALAYSIAN BULK CARRIERS BERHAD) (ceased to become substantial shareholder in 2022) and Transmile (one of the business scandal in Malaysia).

Notable Holdings

As of the latest available information, Kuok's primary business holdings include Kerry Properties, Shangri-La, Kerry Logistics, $PPB / 4065 (PPB GROUP BERHAD), and Wilmar.

Political Considerations

It is worth noting that certain business dealings, such as the acquisition of $MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) by Felda Global Ventures and the Massimo vs. Gardenia competition, have been associated with political considerations. During this time, Kuok faced criticism from some politicians for his extended stays in China while maintaining control over essential Malaysian products, such as sugar and rice. (will cover more in other post)

Conclusion

The life of Tan Sri Robert Kuok, celebrated as the "Sugar King of Asia" and the "Hotel King," is a captivating tale of a visionary entrepreneur who ascended from humble beginnings to become Malaysia's wealthiest individual and a globally recognized business luminary. His journey is marked by unwavering determination, innovative thinking, and a profound comprehension of the business landscape. Beyond his remarkable business achievements, Robert Kuok has garnered respect and admiration from governments and individuals alike for his philanthropy and dedication to social betterment. Through the Kuok Foundation, he has provided numerous underprivileged students with opportunities for education. Robert Kuok's life story continues to serve as an inspiration for aspiring entrepreneurs, illustrating the boundless possibilities attainable through hard work and vision.

Change in Audit Committee - MR LIN JUNLIANG, TROY

Change in Boardroom - MR LIN JUNLIANG, TROY