YB Datuk Awang Adek with Datuk Tony (as he then was) during the "happy hours" in 2007.Mr Dep Minister must be thinking about his not so clever answers now!
YB Datuk Awang Adek, the Deputy Finance Minister told Parliament during Questions Time that MAS – AirAsia share swap of 20.5% MAS share against 10% AirAsia Bhd was based on closing price of both share counters on 5-8-2011. The Deputy Minister also told Parliament that said share swap was all about “KERJASAMA”/Co-operations between the two airlines. But he could not elaborate what he meant by “Kerjasama”/co-operation. He also said the public will be told of the “Kerjasama” from time to time. Why from time to time? Why not do a tell-all now. Are there anything to hide, Mr Deputy Finance Minister?
The only “KERJASAMA” yours truly can see after the inking of the said secret share swap were as follows:
1.
31 thoughts on “Deputy Finance Minister told Parliament: MAS-AirAsia share swap based on share price on 5-8-2011”
Ha ha very well done, YB. Why awang adek responded, shud be nor yaakob. Anyway awang, you have been given a lot of bulls by the gaji buta gang, so bulls in, bulls out!
kalau tak boleh jawab mengaku ajelah, Datuk!
kudos YB Wee, keep it up! =)
Who gave Rashdan the authority to commit MAS to sponser Tony’s football team? Absurdity of the highest degree!
KUALA LUMPUR: The government said today that it had
Awang Adek’s years in Bank Negara was a waste. Bank Negara should be ashamed to have an ex-officer with such mentality. Transaction worth billion of RM and Awang Adek talked about share swap based on share price during the last day of closing. Who else knew about the last day of closing price? Must be the interested parties. Common sense lah. No need a scientist to tell you that. Security Commission must be too busy looking at how E & O share prices going up and down.
This is a clear case where Security Commission can really do an investigations. The culprit can be found through those purchases and selling of share at that material time.
KLSE, was sleeping and still sleeping. It is so obvious that MAS and AA did not lodge any report about their negotiations for the share swap. Why no penalties against the directors of both companies? It is a BOLEHLAND!
This Danny boy is just a Pak Turut to the Thambi. The Thambi snaps his finger Danny boy will run like dog. On one hand his former business partner tells him that MAS has no money and he spent MAS money to sponsorship the Thambi’s football club.
Oi! Little boy Danny , are you keeping your otak between your legs?
No wonder WAU failed when you only Bina but otak-less! You better throw your Cambridge degree into the drain. You made Cambridge Uni ashamed.
Bulls in bulls out,
Awang Adek you are a big embarrassment to Tropicana Residents
SC, Please check the historical prices from Bursa KL on AirAsia and MAS and you will see the pattern of the active trading of AIrAsia and MAS. The evidence was so glaring until they will make you blind! But SC of course is still sleeping or due to willful blindness.
Bursa KL, it was so clear that no reports have been lodged about the negotiation of the share swap. Why no actions have been taken? Must be also suffering the sickness of Willful Blindness. All gaji buta.
To really save MAS, the first thing to do is get rid of Tan Sri Azman Mokhtar and Tan Sri Nor Yakob from Khazanah. Rashdan and Datuk Azman Yahya from MAS Board. This is a must do.
Wake up! Wake Up! Wake Up! SC – don’t you understand what is insider trading? YB whack the SC also during the budget. Don’t spare SC. If SC is doing its job then the security market will be more orderly.
Hello Datuk Nazir CIMB (the arranger of the share swap) why are you so quiet these days? you should help your friend Tony & friends mah!
Omar Ong where are you beside sitting nicely in AirAsia Bhd board?
I thought that there was no 4th floor but it seems that 4th floor is still around.
DS Najib, please take action fast before the whole cabinets, govt agencies and GLCs make a fool of themselves and before investors realize uiithe truth and start dumping their shares. Tq
Tan Sri Mokhtar and Rashdan with all the degrees. Where are your brains? You got to be brainless for share swap to be based on closing prices.
Why both of you didn’t inform the Bursa KL of your negotiation with Tony over the share swap? Bothof you are going against the BURSA KL Rules. Tan Sri Azman you are not fit to head Khazanah because you do not follow rules or you have failed to advise your macai to follow Rules.
What else you have done that you did not follow the existing Rules? The MOF should investigate into Azman’s activities in Khazanah.
BURSA KL and SC are all sleeping until now. A clear case for BURSA to take action as no reports were lodged by both AirAsia and MAS regarding the share swap negotiation worth billion of Ringgit.
SC needs to only look at the movement of the share prices and volumes from April 2011 especially AirAsia. SC don’t tell us that you need us to tell you what to do.
All gaji buta and sitting pretty, YB whack them in Parliament so that they can wake up.
The picture is showing a happy family. Both were smiling away at the rakyat. Kerjasama was the key word but kerjasama for who? the facts showed that the kerjasama was for Airasia all the way. Awang Adek please give a clearer answer next time. Please don’t make yourself to look so stupid.
Share swap based on share prices! how stupid can Khazanah and Awang Adek be. Why NTA/valuation was not used to calculate the percentage of share. Share prices can be manoipulated as pointed out by YB. I have looked at the historical prices in BURSA KL website. It can not be clearer that there were grounds for an investigation into possibilities of INSIDER TRADING! Only the blind cannot see it.
KLSE what are you all doing? Pleae take actions now for not reporting of the intending share swap. Penalise MAS/Khazanah and Airasia. Tan Sri Azman Mokhtar should be made to pay for the fine and to be reprimanded. KLSE must take strong actions against MAS.
SC. Of course too busy with Azizan Bakar’s problems in the E & O deals. So no time. The government should take action on KLSE and SC for being asleep.
In Islam when you hold Public Office you must tell the Truth when you speak. When you make a Promise you must keep it. And when you are given Trust you must not betray it.
Todate God has been very kind to Malaysia. Many Third World countries in the Asian and African region are being devastated by floods, drought, Tusunami, fire, famine , earthquake and not to mention civil war. I do not know how war can be civil. But we in Malaysia have been spared. I hope that we do not miss this opportunity to get a head beacuse I am afraid that by the time you wake up God,too, may wake up to tell us that our time is up.
Kenyataan YB Awang Adek yang menunjukkan beliau adalah BODOH.
Malaysian Airlines System Employees
Dear YB, Great job! Now that the deputy minister is squirming, we must rally the unhappy politicians on both divide to keep pounding till the matter is solved. I am writing to my MP on this. 1 letter 1 citizen, lama2 jadi thousands of letters which they surely cannot ignore. Lets start a campaign for transparency especially when dealing with public concerns.
YB, is it also possible to bring up the PPSMI issue? I am a parent strongly for teaching of Math & Science in English. I really dont buy the excuses given by the Ministry on abolishing this. It is a ‘no-brainer’ matter that english should be the medium for these 2 subjects. All reference matters on these subjects available over the varius mediums are in English. This is also a critical matter as it involves the well-being of our future generation and our Malaysia. Based on my own experience, I’d rather hire a ” well-spoken English ” applicant with lower grade points than one with higher grade points but can hardly form a proper sentence. How do we go global if we continue to churn out graduates of this calibre.
Tq YB and may you be blessed with strength & courage!
Awang Adek: Kerjasama means to screw up Firefly and ultimately MAS. Please use our brian to think before you make such a silly statement. Where on earth company used share prices to determine share swap. Gunalah otak sikit Timbalan Menteri.
TUN dah setuju dan kata OK!! korang nak bising apo lagi!
Oklah tu!!
YB Awang Adek and the Tun Azman Mokhtar. Stop bullshitting. Kerjasama or collaborative frameworks need not involve share swap ok. Who are both of you trying to fool? Other co-operation or kerjasama between other airlines do not involve share swap except Khazanah’s idiots.
Sponsorship costing RM18 million was a form of collaboration? bullshit! it was a form of bleeding MAS to help the thambi.
@ bukanawang
quote: “TUN dah setuju dan kata OK!! korang nak bising apo lagi!
Oklah tu!!”
please learn how to read between the lines and don’t make yourself look stupid. the following are courtesy of Mr Don Rahim from PROMUDA:
Dear all,
Let me show you briefly how to detect a very subtle media spin and ways to uncover it.
2nd rule : Baca apa Tun tulis tu betul-betul and cuba faham.
Then you’ll notice the following;
Tun cuba explain kenapa dia sokong MAS dan Air Asia untuk bekerjasama sebab ada yang tanya dia tak nampak ke ni bad deal dan MAS dah kena tipu dengan Air Asia.
Tun pun jawab dengan panjang lebah kelebihan Air Asia dan dia dah fed-up dengan MAS. Dan MAS patut belajar dari Air Asia katanya.
Tapi apa yang penting ialah Tun cakap walaupun dia sokong kerjasama tu secara prinsipal, dia TIDAK DIBERITAHU apa bentuk kerjasama tu atau secara detail (Swap ke, merger ke, LBO ke, MOU je ke etc). I quote below.
“When I (Tun) was told by Azman Mokhtar that MAS was looking into ways of working together with Air Asia, I did not object. In fact I welcome the proposal. How the co-operation is to be carried out was not told to me
Average Joe
That is what they called selective truth..nobody interested in between the lines anymore..anyway i don’t know if our people is just plain stupid or what..anyway YB..kudos..keep up the good work..hope there is more like u in the next GE.
To solve problems in MAS and other GLC, the government must get rid of Mohammed Rashdan Yusof and Tan Sri Azman Mokhtar. Both were from BinaFikir Sdn Bhd. They are only good in theory and appointing consultants to solve the problems. THen they will hide behind the reports by consultants. What is the points?
We need good professional managers. In the case of MAS and AirAsia share swap you don’t a genius or consultant to tell us that share swap cannot be based upon share prices as it is subjected to manipulation as we can see from the trend of the movements of shares as pointed by YB. It should be based on NTA. But these Bina but brainless idiots agreed to the share swap as though they just graduated from primary school.
Furhter, collaboration or co-operations need not be done with share swap. We have seen companies in the world having co-operations without share swap or representation of the board of director. Whereas in the case here, AirAsia represented by Tony and Kamarudin and MAS has no representation in AIrAsia. How stupid can you be Tan Sri Azman and Rashdan. Or you are pretending to be stupid. This share swap is a daylight robbery to say the least.
So the government must get rid of the dead wood in Khazanah. managers like Tan Sr Azman Mokhtar and Rashdan must be kicked out to save MAS and other GLCs otherwise the future of this country will be very bleak.
Thank you YQ for a good piece especially on the facts on INSIDER TRADING. It was too clear for SC to ignore.
YB when are you going to post the letter to of complaint to PAC? Please post it as we want to read it.
Thank you
Anonymous
I will have it posted in an appropriate time. Let the “Pandai Bina and the Tak Fikir” and the WAU gang sweat it out. Why should we them the time to prepare themselves. They have treated Malaysians as idiot lets give them sleepless night. They all looked so happy after the secret share swap signing ceremony. When Budget Debate starts on Monday then they will soon not be able to smile!
Please bear with me bro.
Thank you.
Regards
wee choo keong
Yes people, we need to expose this TF for who he is really is, a snake charmer who can sell fridge to Eskimos, Virgins to Richard Branson, Disneyland to Walt Disney, Queen to the British and MAS to Khazanah.
Well done people, all these crooks are wetting their pants.
It is time the Rakyat overhaul MAS and soon our beloved country.
Awang Adek, are you that stupid or just plain incompetent?
Either way please do the honourable thing or kelik kelate jelah.
what share swap? Its daylight robbery!
Collaboration, co-operation and etc etc no need share swap. Share swap is a con job.
There are current plans in MAS to move all the staff progressively to Klia from Subang. In doing so they are in position to reduce headcount without much effort as not all staff are willing to relocate. This is how T takes care of the staff:-) not through dialog but devious schemes to reduce overhead costs.
Ha ha very well done, YB. Why awang adek responded, shud be nor yaakob. Anyway awang, you have been given a lot of bulls by the gaji buta gang, so bulls in, bulls out!
kalau tak boleh jawab mengaku ajelah, Datuk!
kudos YB Wee, keep it up! =)
Who gave Rashdan the authority to commit MAS to sponser Tony’s football team? Absurdity of the highest degree!
KUALA LUMPUR: The government said today that it had
Awang Adek’s years in Bank Negara was a waste. Bank Negara should be ashamed to have an ex-officer with such mentality. Transaction worth billion of RM and Awang Adek talked about share swap based on share price during the last day of closing. Who else knew about the last day of closing price? Must be the interested parties. Common sense lah. No need a scientist to tell you that. Security Commission must be too busy looking at how E & O share prices going up and down.
This is a clear case where Security Commission can really do an investigations. The culprit can be found through those purchases and selling of share at that material time.
KLSE, was sleeping and still sleeping. It is so obvious that MAS and AA did not lodge any report about their negotiations for the share swap. Why no penalties against the directors of both companies? It is a BOLEHLAND!
This Danny boy is just a Pak Turut to the Thambi. The Thambi snaps his finger Danny boy will run like dog. On one hand his former business partner tells him that MAS has no money and he spent MAS money to sponsorship the Thambi’s football club.
Oi! Little boy Danny , are you keeping your otak between your legs?
No wonder WAU failed when you only Bina but otak-less! You better throw your Cambridge degree into the drain. You made Cambridge Uni ashamed.
Bulls in bulls out,
Awang Adek you are a big embarrassment to Tropicana Residents
SC, Please check the historical prices from Bursa KL on AirAsia and MAS and you will see the pattern of the active trading of AIrAsia and MAS. The evidence was so glaring until they will make you blind! But SC of course is still sleeping or due to willful blindness.
Bursa KL, it was so clear that no reports have been lodged about the negotiation of the share swap. Why no actions have been taken? Must be also suffering the sickness of Willful Blindness. All gaji buta.
To really save MAS, the first thing to do is get rid of Tan Sri Azman Mokhtar and Tan Sri Nor Yakob from Khazanah. Rashdan and Datuk Azman Yahya from MAS Board. This is a must do.
Wake up! Wake Up! Wake Up! SC – don’t you understand what is insider trading? YB whack the SC also during the budget. Don’t spare SC. If SC is doing its job then the security market will be more orderly.
Hello Datuk Nazir CIMB (the arranger of the share swap) why are you so quiet these days? you should help your friend Tony & friends mah!
Omar Ong where are you beside sitting nicely in AirAsia Bhd board?
I thought that there was no 4th floor but it seems that 4th floor is still around.
DS Najib, please take action fast before the whole cabinets, govt agencies and GLCs make a fool of themselves and before investors realize uiithe truth and start dumping their shares. Tq
Tan Sri Mokhtar and Rashdan with all the degrees. Where are your brains? You got to be brainless for share swap to be based on closing prices.
Why both of you didn’t inform the Bursa KL of your negotiation with Tony over the share swap? Bothof you are going against the BURSA KL Rules. Tan Sri Azman you are not fit to head Khazanah because you do not follow rules or you have failed to advise your macai to follow Rules.
What else you have done that you did not follow the existing Rules? The MOF should investigate into Azman’s activities in Khazanah.
BURSA KL and SC are all sleeping until now. A clear case for BURSA to take action as no reports were lodged by both AirAsia and MAS regarding the share swap negotiation worth billion of Ringgit.
SC needs to only look at the movement of the share prices and volumes from April 2011 especially AirAsia. SC don’t tell us that you need us to tell you what to do.
All gaji buta and sitting pretty, YB whack them in Parliament so that they can wake up.
The picture is showing a happy family. Both were smiling away at the rakyat. Kerjasama was the key word but kerjasama for who? the facts showed that the kerjasama was for Airasia all the way. Awang Adek please give a clearer answer next time. Please don’t make yourself to look so stupid.
Share swap based on share prices! how stupid can Khazanah and Awang Adek be. Why NTA/valuation was not used to calculate the percentage of share. Share prices can be manoipulated as pointed out by YB. I have looked at the historical prices in BURSA KL website. It can not be clearer that there were grounds for an investigation into possibilities of INSIDER TRADING! Only the blind cannot see it.
KLSE what are you all doing? Pleae take actions now for not reporting of the intending share swap. Penalise MAS/Khazanah and Airasia. Tan Sri Azman Mokhtar should be made to pay for the fine and to be reprimanded. KLSE must take strong actions against MAS.
SC. Of course too busy with Azizan Bakar’s problems in the E & O deals. So no time. The government should take action on KLSE and SC for being asleep.
In Islam when you hold Public Office you must tell the Truth when you speak. When you make a Promise you must keep it. And when you are given Trust you must not betray it.
Todate God has been very kind to Malaysia. Many Third World countries in the Asian and African region are being devastated by floods, drought, Tusunami, fire, famine , earthquake and not to mention civil war. I do not know how war can be civil. But we in Malaysia have been spared. I hope that we do not miss this opportunity to get a head beacuse I am afraid that by the time you wake up God,too, may wake up to tell us that our time is up.
Kenyataan YB Awang Adek yang menunjukkan beliau adalah BODOH.
Malaysian Airlines System Employees
Dear YB, Great job! Now that the deputy minister is squirming, we must rally the unhappy politicians on both divide to keep pounding till the matter is solved. I am writing to my MP on this. 1 letter 1 citizen, lama2 jadi thousands of letters which they surely cannot ignore. Lets start a campaign for transparency especially when dealing with public concerns.
YB, is it also possible to bring up the PPSMI issue? I am a parent strongly for teaching of Math & Science in English. I really dont buy the excuses given by the Ministry on abolishing this. It is a ‘no-brainer’ matter that english should be the medium for these 2 subjects. All reference matters on these subjects available over the varius mediums are in English. This is also a critical matter as it involves the well-being of our future generation and our Malaysia. Based on my own experience, I’d rather hire a ” well-spoken English ” applicant with lower grade points than one with higher grade points but can hardly form a proper sentence. How do we go global if we continue to churn out graduates of this calibre.
Tq YB and may you be blessed with strength & courage!
Awang Adek: Kerjasama means to screw up Firefly and ultimately MAS. Please use our brian to think before you make such a silly statement. Where on earth company used share prices to determine share swap. Gunalah otak sikit Timbalan Menteri.
TUN dah setuju dan kata OK!! korang nak bising apo lagi!
Oklah tu!!
YB Awang Adek and the Tun Azman Mokhtar. Stop bullshitting. Kerjasama or collaborative frameworks need not involve share swap ok. Who are both of you trying to fool? Other co-operation or kerjasama between other airlines do not involve share swap except Khazanah’s idiots.
Sponsorship costing RM18 million was a form of collaboration? bullshit! it was a form of bleeding MAS to help the thambi.
@ bukanawang
quote: “TUN dah setuju dan kata OK!! korang nak bising apo lagi!
Oklah tu!!”
please learn how to read between the lines and don’t make yourself look stupid. the following are courtesy of Mr Don Rahim from PROMUDA:
Dear all,
Let me show you briefly how to detect a very subtle media spin and ways to uncover it.
I’ll give you a real life example.
The MalasyianInsider says “Dr M says fed up with MAS, backs AirAsia swap deal”
See http://www.themalaysianinsider.com/malaysia/article/dr-m-says-fed-up-with-mas-backs-airasia-swap-deal/ .
Cuba baca tu dulu & tanya diri sendiri;
Is is true that Tun Dr M supports the MAS-Air Asia swap deal?
Or ni tak betul langsung?
1st rule : Always go to the main source of the news to find out.
The source is from Tun’s blog, heading “Supporting MH/AK”
See http://chedet.cc/blog/?p=605#more-605 which I reproduce at the end.
2nd rule : Baca apa Tun tulis tu betul-betul and cuba faham.
Then you’ll notice the following;
Tun cuba explain kenapa dia sokong MAS dan Air Asia untuk bekerjasama sebab ada yang tanya dia tak nampak ke ni bad deal dan MAS dah kena tipu dengan Air Asia.
Tun pun jawab dengan panjang lebah kelebihan Air Asia dan dia dah fed-up dengan MAS. Dan MAS patut belajar dari Air Asia katanya.
Tapi apa yang penting ialah Tun cakap walaupun dia sokong kerjasama tu secara prinsipal, dia TIDAK DIBERITAHU apa bentuk kerjasama tu atau secara detail (Swap ke, merger ke, LBO ke, MOU je ke etc). I quote below.
“When I (Tun) was told by Azman Mokhtar that MAS was looking into ways of working together with Air Asia, I did not object. In fact I welcome the proposal. How the co-operation is to be carried out was not told to me
Average Joe
That is what they called selective truth..nobody interested in between the lines anymore..anyway i don’t know if our people is just plain stupid or what..anyway YB..kudos..keep up the good work..hope there is more like u in the next GE.
To solve problems in MAS and other GLC, the government must get rid of Mohammed Rashdan Yusof and Tan Sri Azman Mokhtar. Both were from BinaFikir Sdn Bhd. They are only good in theory and appointing consultants to solve the problems. THen they will hide behind the reports by consultants. What is the points?
We need good professional managers. In the case of MAS and AirAsia share swap you don’t a genius or consultant to tell us that share swap cannot be based upon share prices as it is subjected to manipulation as we can see from the trend of the movements of shares as pointed by YB. It should be based on NTA. But these Bina but brainless idiots agreed to the share swap as though they just graduated from primary school.
Furhter, collaboration or co-operations need not be done with share swap. We have seen companies in the world having co-operations without share swap or representation of the board of director. Whereas in the case here, AirAsia represented by Tony and Kamarudin and MAS has no representation in AIrAsia. How stupid can you be Tan Sri Azman and Rashdan. Or you are pretending to be stupid. This share swap is a daylight robbery to say the least.
So the government must get rid of the dead wood in Khazanah. managers like Tan Sr Azman Mokhtar and Rashdan must be kicked out to save MAS and other GLCs otherwise the future of this country will be very bleak.
Thank you YQ for a good piece especially on the facts on INSIDER TRADING. It was too clear for SC to ignore.
YB when are you going to post the letter to of complaint to PAC? Please post it as we want to read it.
Thank you
Anonymous
I will have it posted in an appropriate time. Let the “Pandai Bina and the Tak Fikir” and the WAU gang sweat it out. Why should we them the time to prepare themselves. They have treated Malaysians as idiot lets give them sleepless night. They all looked so happy after the secret share swap signing ceremony. When Budget Debate starts on Monday then they will soon not be able to smile!
Please bear with me bro.
Thank you.
Regards
wee choo keong
Yes people, we need to expose this TF for who he is really is, a snake charmer who can sell fridge to Eskimos, Virgins to Richard Branson, Disneyland to Walt Disney, Queen to the British and MAS to Khazanah.
Well done people, all these crooks are wetting their pants.
It is time the Rakyat overhaul MAS and soon our beloved country.
Awang Adek, are you that stupid or just plain incompetent?
Either way please do the honourable thing or kelik kelate jelah.
what share swap? Its daylight robbery!
Collaboration, co-operation and etc etc no need share swap. Share swap is a con job.
There are current plans in MAS to move all the staff progressively to Klia from Subang. In doing so they are in position to reduce headcount without much effort as not all staff are willing to relocate. This is how T takes care of the staff:-) not through dialog but devious schemes to reduce overhead costs.