Why did Khazanah had to buy International Medical University (IMU), Bukit Jalil from CIMB at RM98 mil? Any connectivity between collaborative partnership or collaboration? Synergy or synthesis?
Khazanah and its nominees would acquire the two ordinary shares of RM1 each in PSSB and subscribe for another 999,998 shares for RM145 million cash. Khazanah said by itself, it would subscribe for 674,998 shares representing a 67.5% in PSSB, which will wholly own IMU, for RM97.88 million.
Khazanah and CIMB seems to be making calls after calls in the corporate game. Are they the new corporate raiders?
Khazanah Nasional Bhd, Morgan Stanley, Credit Suisse and 3i have jointly invested US$565 million (RM2 billion) in a reinsurance deal -- Asia Capital Reinsurance Group.
The money game had begun... It's no more about business investments and long-term investments. It's about buy and sell and making quick gains while at the same time, in this games, there are commissions to be made by the middlemen and brokers. Quick profits, fast cash, commissions, agency fees, consulting fees, finding fees, one for you, one for me... everybody happy - Capitalism within the social phenomena; the rise of surreal commodity and trade in the paper chase. What paper? Paper money!
Khazanah and its nominees would acquire the two ordinary shares of RM1 each in PSSB and subscribe for another 999,998 shares for RM145 million cash. Khazanah said by itself, it would subscribe for 674,998 shares representing a 67.5% in PSSB, which will wholly own IMU, for RM97.88 million.
Khazanah and CIMB seems to be making calls after calls in the corporate game. Are they the new corporate raiders?
Khazanah Nasional Bhd, Morgan Stanley, Credit Suisse and 3i have jointly invested US$565 million (RM2 billion) in a reinsurance deal -- Asia Capital Reinsurance Group.
The money game had begun... It's no more about business investments and long-term investments. It's about buy and sell and making quick gains while at the same time, in this games, there are commissions to be made by the middlemen and brokers. Quick profits, fast cash, commissions, agency fees, consulting fees, finding fees, one for you, one for me... everybody happy - Capitalism within the social phenomena; the rise of surreal commodity and trade in the paper chase. What paper? Paper money!
1 comment:
I agree completely.
Khazanah has no real business in IMU, except for pure short term profit making.
Additionally owning a private entity which promotes brain drain is totally inconsistent with the national medical education effort.
If they truly wants to own it for the training of the medical workforce, they should stop the twinning programs and increase the local training scheme.
Otherwise its just a state-run Skim Cepat Kaya by buying over private enterprises.
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