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Thursday, May 13, 2010
No Comment Because Facts Twisted, Says Samy
KUALA LUMPUR, May 13 (Bernama) -- MIC supremo Datuk Seri S. Samy Vellu today refused to entertain questions from journalists over several thorny issues in the party, claiming that whatever he said would be twisted.
Samy Vellu's usual lively press conference was missing Thursday when he met the media after the party's monthly central working committee (CWC) meeting, and several queries from newsmen were met with a "no comment" reply.
Instead of firing on all cylinders, which is his usual style when answering questions from the media especially on touchy party matters, the former Works Minister opted to stay mum, raising eyebrows of the journalists, most of whom have been covering him for years.
"This is my new style. Because whatever I say is twisted. People draw all kinds of conclusion to whatever I reply. So, I have chosen to speak on important matters at the proper party forums.
"I am not against the media. I have always been known to be close to the media people. But when what I say is twisted by some, then I have to say the minimal and explain to MIC members what I want to tell them," he later told Bernama when met after the CWC meeting at the party headquarters here.
Earlier at the press conference, the long-serving MIC chief was asked for his reaction on the sacking of Petaling Jaya Selatan MIC division chief V. Subramaniam, popularly known as Barat Maniam.
"No comment," was his reply, starting off a series of similar replies to following questions.
Subramaniam was sacked by the party president yesterday for, among others, sending a nasty SMS to Samy Vellu telling him that the MIC did not belong to the MIC president or his family.
Then came the query about the proposed takeover of the party's debt-ridden investment arm Maika Holdings by port tycoon Tan Sri G. Gnanalingam, through a special purpose vehicle, G Team Resources and Holdings Sdn Bhd.
"No comment. This is a company's decision," was his short and stony reply, without even looking at the journalist who posed the question.
Yesterday, G Team Resources served a takeover notice to the Maika Holdings board of directors to acquire all its 125 million voting shares at 80 sen per share in cash.
Then came the cruncher from the reporter: "Will you step down in 2012?" Without even missing a beat, Samy Vellu fired back: "No comment".
Samy Vellu's presidential term expires in 2012 and the pressure is on the 74-year-old who became party chief in 1989 to vacate the seat for his current deputy, Datuk G. Palanivel.
The MIC chief also declined to comment on the action of K.P. Samy, a CWC member, who just after the meeting told journalists that he would initiate a defamation case against MIC Youth chief T. Mohan for calling him "childish" during the meeting.
While Samy Vellu's intention to stick to his new "no comment" policy would stop the "twisting" of facts, it would on the other hand heighten speculation on certain party matters, especially the transition power, which needs to be explained to the 630,000 MIC members.
-- BERNAMA
Samy Vellu's usual lively press conference was missing Thursday when he met the media after the party's monthly central working committee (CWC) meeting, and several queries from newsmen were met with a "no comment" reply.
Instead of firing on all cylinders, which is his usual style when answering questions from the media especially on touchy party matters, the former Works Minister opted to stay mum, raising eyebrows of the journalists, most of whom have been covering him for years.
"This is my new style. Because whatever I say is twisted. People draw all kinds of conclusion to whatever I reply. So, I have chosen to speak on important matters at the proper party forums.
"I am not against the media. I have always been known to be close to the media people. But when what I say is twisted by some, then I have to say the minimal and explain to MIC members what I want to tell them," he later told Bernama when met after the CWC meeting at the party headquarters here.
Earlier at the press conference, the long-serving MIC chief was asked for his reaction on the sacking of Petaling Jaya Selatan MIC division chief V. Subramaniam, popularly known as Barat Maniam.
"No comment," was his reply, starting off a series of similar replies to following questions.
Subramaniam was sacked by the party president yesterday for, among others, sending a nasty SMS to Samy Vellu telling him that the MIC did not belong to the MIC president or his family.
Then came the query about the proposed takeover of the party's debt-ridden investment arm Maika Holdings by port tycoon Tan Sri G. Gnanalingam, through a special purpose vehicle, G Team Resources and Holdings Sdn Bhd.
"No comment. This is a company's decision," was his short and stony reply, without even looking at the journalist who posed the question.
Yesterday, G Team Resources served a takeover notice to the Maika Holdings board of directors to acquire all its 125 million voting shares at 80 sen per share in cash.
Then came the cruncher from the reporter: "Will you step down in 2012?" Without even missing a beat, Samy Vellu fired back: "No comment".
Samy Vellu's presidential term expires in 2012 and the pressure is on the 74-year-old who became party chief in 1989 to vacate the seat for his current deputy, Datuk G. Palanivel.
The MIC chief also declined to comment on the action of K.P. Samy, a CWC member, who just after the meeting told journalists that he would initiate a defamation case against MIC Youth chief T. Mohan for calling him "childish" during the meeting.
While Samy Vellu's intention to stick to his new "no comment" policy would stop the "twisting" of facts, it would on the other hand heighten speculation on certain party matters, especially the transition power, which needs to be explained to the 630,000 MIC members.
-- BERNAMA
Wednesday, May 12, 2010
G Team Serves Takeover Offer Of Maika Shares At 80 Sen Each
KUALA LUMPUR, May 12 (Bernama) -- G Team Resources & Holdings Sdn Bhd this morning served a takeover notice to the Maika Holdings Bhd Board of Directors, to acquire all its 125 million voting shares, at 80 sen per share in cash.
The offer is based on the shareholders' original investment of RM100 million and 25 million bonus shares received in 1996, in the ailing investment arm of the MIC, it said in a statement Wednesday.
G Team Resources is a special purpose vehicle formed by port tycoon Tan Sri G. Gnanalingam and another individual Datuk S. Kunasingam, to return long-suffering Maika shareholders their original cost of investment.
The offer document is expected to be despatched to Maika shareholders within 21 days. The offer would remain open for at least 21 days from the date of the offer document.
CIMB Investment Bank has been engaged as the adviser and financier to G Team for this exercise.
Gnanalingam had recently moved to help resolve the woes of Indian shareholders in Maika, considered the biggest problem besetting the community.
At a press conference here Wednesday, Gnanalingam said he was confident of receiving more than 50 per cent of the voting shares, failing which, the offer would lapse.
He said a general offer of Oriental Capital Assurance Bhd (OCA), a 74.16 per cent subsidiary of Maika, would also be triggered once the offer becomes unconditional.
"We do not intend to continue with the operations of Maika and will deal with the assets and liabilities of the firm in a transparent manner," he added.
Maika currently has two main assets, namely its stake in OCA and a piece of land in Sepang.
He added that the land in Sepang was encumbered and once its title and valuation was verified, a committee would be set up to determine the best way to realise its value.
At the same event, CIMB Group Chief Executive, Datuk Seri Nazir Razak said G Team would explore opportunities to dispose of the stake in OCA and was open to receiving interest from all qualified parties.
This is in line with G Team's intention to cease Maika's operations and to comply with Bank Negara Malaysia's condition to dispose of its stake in OCA within 12 months from the completion of the subsequent general offer on the insurance firm.
"G Team does not intend to gain any financial benefits from the exercise and should the disposal of Maika's assets and settlement of liabilities result in a surplus, it would be donated to an established charity for the benefit of the Indian community.
"But the case of having a surplus is remote. The probability is there for G team to be short-changed, instead of the shareholders," he explained.
In the case of a shortfall in the asset and liabilities realisation, the loss would be borne by G Team, he said.
Nazir also said that they were looking at a mechanism to assist shareholders in dealing with the process of selling their shares to G Team.
"The obvious way is to post it. But, we will also look at having collection centres at our branches, to facilitate with the form submission by shareholders," he said.
-- BERNAMA
The offer is based on the shareholders' original investment of RM100 million and 25 million bonus shares received in 1996, in the ailing investment arm of the MIC, it said in a statement Wednesday.
G Team Resources is a special purpose vehicle formed by port tycoon Tan Sri G. Gnanalingam and another individual Datuk S. Kunasingam, to return long-suffering Maika shareholders their original cost of investment.
The offer document is expected to be despatched to Maika shareholders within 21 days. The offer would remain open for at least 21 days from the date of the offer document.
CIMB Investment Bank has been engaged as the adviser and financier to G Team for this exercise.
Gnanalingam had recently moved to help resolve the woes of Indian shareholders in Maika, considered the biggest problem besetting the community.
At a press conference here Wednesday, Gnanalingam said he was confident of receiving more than 50 per cent of the voting shares, failing which, the offer would lapse.
He said a general offer of Oriental Capital Assurance Bhd (OCA), a 74.16 per cent subsidiary of Maika, would also be triggered once the offer becomes unconditional.
"We do not intend to continue with the operations of Maika and will deal with the assets and liabilities of the firm in a transparent manner," he added.
Maika currently has two main assets, namely its stake in OCA and a piece of land in Sepang.
He added that the land in Sepang was encumbered and once its title and valuation was verified, a committee would be set up to determine the best way to realise its value.
At the same event, CIMB Group Chief Executive, Datuk Seri Nazir Razak said G Team would explore opportunities to dispose of the stake in OCA and was open to receiving interest from all qualified parties.
This is in line with G Team's intention to cease Maika's operations and to comply with Bank Negara Malaysia's condition to dispose of its stake in OCA within 12 months from the completion of the subsequent general offer on the insurance firm.
"G Team does not intend to gain any financial benefits from the exercise and should the disposal of Maika's assets and settlement of liabilities result in a surplus, it would be donated to an established charity for the benefit of the Indian community.
"But the case of having a surplus is remote. The probability is there for G team to be short-changed, instead of the shareholders," he explained.
In the case of a shortfall in the asset and liabilities realisation, the loss would be borne by G Team, he said.
Nazir also said that they were looking at a mechanism to assist shareholders in dealing with the process of selling their shares to G Team.
"The obvious way is to post it. But, we will also look at having collection centres at our branches, to facilitate with the form submission by shareholders," he said.
-- BERNAMA
MIED Ex-Director Charged With RM4 Million Cheating
KUALA LUMPUR, May 11 (Bernama) -- Former Maju Institute of Educational Development (MIED) chief executive officer P.Chitirakala was charged in the Sessions Court here on Tuesday with three counts of cheating involving RM4 million.
Chitirakala, 39, of Shah Alam, pleaded not guilty to cheating former MIC treasurer-general Tan Sri M.Mahalingam, 74, who was a director and signatory of MIED Sdn Bhd, by inducing him to sign three cheques for RM1 million, RM1 million and RM2 million.
She is alleged to have deceived him into believing that the payments, which were made to Silver Line Services Sdn Bhd, were loan repayments to one Tan Sri Abdul Rashid Manaf, 64.
The offences were allegedly committed at the MIED, the education branch of the MIC, at Menara Manickavasagam on Jan 9, Jan 30 and May 3, 2007.
If convicted, she faces a maximum 10 years jail and whipping and liability of a fine on each charge.
Deputy public prosecutor Kevin Morais offered bail of RM30,000 in view of the huge amount involved and the seriousness of the offence.
Defence counsel Saseedharan Menon asked for lower bail, saying that Chitirakala had assisted the police in their investigation.
Judge Azizah Mahamud allowed bail of RM30,000 with one surety and fixed June 14 for mention to enable the prosecution to supply all the documents needed by the defence.
-- BERNAMA
Chitirakala, 39, of Shah Alam, pleaded not guilty to cheating former MIC treasurer-general Tan Sri M.Mahalingam, 74, who was a director and signatory of MIED Sdn Bhd, by inducing him to sign three cheques for RM1 million, RM1 million and RM2 million.
She is alleged to have deceived him into believing that the payments, which were made to Silver Line Services Sdn Bhd, were loan repayments to one Tan Sri Abdul Rashid Manaf, 64.
The offences were allegedly committed at the MIED, the education branch of the MIC, at Menara Manickavasagam on Jan 9, Jan 30 and May 3, 2007.
If convicted, she faces a maximum 10 years jail and whipping and liability of a fine on each charge.
Deputy public prosecutor Kevin Morais offered bail of RM30,000 in view of the huge amount involved and the seriousness of the offence.
Defence counsel Saseedharan Menon asked for lower bail, saying that Chitirakala had assisted the police in their investigation.
Judge Azizah Mahamud allowed bail of RM30,000 with one surety and fixed June 14 for mention to enable the prosecution to supply all the documents needed by the defence.
-- BERNAMA
Maika Share Buy Back Not Politically-Motivated - Tycoon
KUALA LUMPUR, May 12 (Bernama) -- There is no political motive in the takeover of Maika Holdings Bhd shares but purely a noble intention to help 66,000 long-suffering Malaysian Indians, port tycoon Tan Sri G. Gnanalingam said on Wednesday.
Brushing aside speculation and news reports that the move to buy back the shares was politically-linked, the businessman said his intention was to try end the issue because he felt that shareholders should be given a respite after being caught in the Maika share fiasco for the last 26 years.
"I was appointed to the Cabinet Committee and Special Implementation Taskforce aimed at assisting the Indian community, and I found this issue to be a big problem faced by Indians.
"So, I have come out with this plan or proposal. This problem has been going on and on.
"The prime minister (Datuk Seri Najib Tun Razak) and the committee are certainly disturbed with this problem. So, I branched into this. We are not looking at the past, but the future. Out of the 66,000 shareholders, about 60,000 are without proper resources (cash). This is the important segment that I want to assist in," he declared at a press conference at the CIMB Bank headquarters here on Wednesday.
Also present at the press conference, held to announce the conditional takeover offer by G Team Resources & Holding Bhd to acquire all shares in Maika Holdings Bhd, was CIMB Group Chief Executive Datuk Seri Nazir Razak.
Under the proposal, Gnanalingam's firm, G Team Resources, will buy out financially-troubled Maika for RM100 million and pay back the money invested by the 66,000 long-suffering shareholders of MIC's investment arm. Each shareholder would stand to get 80 sen per share.
Shareholders would be given 21 days to redeem their shares. They would get their offer letters via post and would most likely be asked to submit the share buy-back applications to any CIMB Bank branches nationwide.
"G Team does not intend to gain any financial benefits from the exercise. Should the subsequent disposal of Maika's assets and settlement of liabilities result in any financial gain, the monies would be donated to an established charity for the benefit of the Malaysian Indian community.
"In the case of a shortfall in the asset and liabilities realisation, the loss would be borne by G Team. The offer shall be conditional upon G Team receiving more than 50 per cent of the voting shares in Maika, falling which, the offer would lapse," the Westports executive chairman added.
However, the well-known businessman, dubbed the 'white knight' who would save Maika and end the woes of the 66,000 Malaysian Indians, said from the feedback received to date, the exercise would result in at least 70 per cent of Maika shares being bought back.
On Oriental Capital Assurance (OCA) Bhd, a 74 per cent subsidiary of Maika, he said G Team would explore the opportunities to dispose the stake and were open to receive any offer for it from interested parties.
"We intend to cease Maika's operations and comply with BNM's (Bank Negara Malaysia) condition to dispose the stake in OCA within 12 months from the completion of the subsequent general offer on OCA. CIMB would be assisting G Team manage the sale of OCA to parties approved by BNM," he added.
On Maika's second biggest asset, a 32 hectare land in Sepang, Gnanalingam said the land was encumbered and once its title and valuation had been verified, a committee led by him, would determine the best way to realise the value of the land.
Gnanalingam however, declined to reveal the exact percentage of Maika shares owned by MIC president Datuk Seri S. Samy Vellu.
It had been reported that many people who invested in Maika, the investment arm of the MIC, in 1984 were Indian estate workers who had pawned their family jewellery and withdrawn their life savings to invest.
But Maika Holdings, which was established in 1982 to enable Malaysian Indians to participate in the country's economic growth, did not produce good returns, much to the disillusionment of its shareholders.
Asked if a court order taken out by some Maika shareholders to stop such a sale in the past would hamper the exercise, Gnanalingam said it would not be stumbling block but "we can't do anything about it until we become substantial shareholders of Maika".
Meanwhile, Nazir explained that both G Team and CIMB did not have any intention to short change the shareholders through the exercise and that "the key thing is to look forward."
He said the whole exercise would clear one hurdle at a time and would "cross the bridge when we come to it but we are clearly going ahead (with the exercise).
"We will issue the share sale proposal forms and it must be submitted at CIMB branches. We want to ensure every single shareholder receives the forms for the share buy-back," he added.
-- BERNAMA
Brushing aside speculation and news reports that the move to buy back the shares was politically-linked, the businessman said his intention was to try end the issue because he felt that shareholders should be given a respite after being caught in the Maika share fiasco for the last 26 years.
"I was appointed to the Cabinet Committee and Special Implementation Taskforce aimed at assisting the Indian community, and I found this issue to be a big problem faced by Indians.
"So, I have come out with this plan or proposal. This problem has been going on and on.
"The prime minister (Datuk Seri Najib Tun Razak) and the committee are certainly disturbed with this problem. So, I branched into this. We are not looking at the past, but the future. Out of the 66,000 shareholders, about 60,000 are without proper resources (cash). This is the important segment that I want to assist in," he declared at a press conference at the CIMB Bank headquarters here on Wednesday.
Also present at the press conference, held to announce the conditional takeover offer by G Team Resources & Holding Bhd to acquire all shares in Maika Holdings Bhd, was CIMB Group Chief Executive Datuk Seri Nazir Razak.
Under the proposal, Gnanalingam's firm, G Team Resources, will buy out financially-troubled Maika for RM100 million and pay back the money invested by the 66,000 long-suffering shareholders of MIC's investment arm. Each shareholder would stand to get 80 sen per share.
Shareholders would be given 21 days to redeem their shares. They would get their offer letters via post and would most likely be asked to submit the share buy-back applications to any CIMB Bank branches nationwide.
"G Team does not intend to gain any financial benefits from the exercise. Should the subsequent disposal of Maika's assets and settlement of liabilities result in any financial gain, the monies would be donated to an established charity for the benefit of the Malaysian Indian community.
"In the case of a shortfall in the asset and liabilities realisation, the loss would be borne by G Team. The offer shall be conditional upon G Team receiving more than 50 per cent of the voting shares in Maika, falling which, the offer would lapse," the Westports executive chairman added.
However, the well-known businessman, dubbed the 'white knight' who would save Maika and end the woes of the 66,000 Malaysian Indians, said from the feedback received to date, the exercise would result in at least 70 per cent of Maika shares being bought back.
On Oriental Capital Assurance (OCA) Bhd, a 74 per cent subsidiary of Maika, he said G Team would explore the opportunities to dispose the stake and were open to receive any offer for it from interested parties.
"We intend to cease Maika's operations and comply with BNM's (Bank Negara Malaysia) condition to dispose the stake in OCA within 12 months from the completion of the subsequent general offer on OCA. CIMB would be assisting G Team manage the sale of OCA to parties approved by BNM," he added.
On Maika's second biggest asset, a 32 hectare land in Sepang, Gnanalingam said the land was encumbered and once its title and valuation had been verified, a committee led by him, would determine the best way to realise the value of the land.
Gnanalingam however, declined to reveal the exact percentage of Maika shares owned by MIC president Datuk Seri S. Samy Vellu.
It had been reported that many people who invested in Maika, the investment arm of the MIC, in 1984 were Indian estate workers who had pawned their family jewellery and withdrawn their life savings to invest.
But Maika Holdings, which was established in 1982 to enable Malaysian Indians to participate in the country's economic growth, did not produce good returns, much to the disillusionment of its shareholders.
Asked if a court order taken out by some Maika shareholders to stop such a sale in the past would hamper the exercise, Gnanalingam said it would not be stumbling block but "we can't do anything about it until we become substantial shareholders of Maika".
Meanwhile, Nazir explained that both G Team and CIMB did not have any intention to short change the shareholders through the exercise and that "the key thing is to look forward."
He said the whole exercise would clear one hurdle at a time and would "cross the bridge when we come to it but we are clearly going ahead (with the exercise).
"We will issue the share sale proposal forms and it must be submitted at CIMB branches. We want to ensure every single shareholder receives the forms for the share buy-back," he added.
-- BERNAMA
Sacked MIC Division Chief Yet To Decide On Appeal
KUALA LUMPUR, May 12 (Bernama) -- Petaling Jaya Selatan MIC division chief Subramaniam V. said he has yet to decide whether to appeal or not over his sacking from the party.
"I'm not sure, I will think it over. I am not a beggar to go to him (MIC president Datuk Seri S. Samy Vellu)," he told Bernama when contacted Wednesday night.
Subramaniam or Barat Maniam said he came to know about his sacking through a letter which he received Wednesday.
He said the sacking was effective from Wednesday.
Among reasons given for his sacking was the SMS sent to Samy last week, among others telling him that MIC did not belong to him or his family.
Barat Maniam said he made history by being sacked for the third time since joining MIC in 1978.
He was sacked in 1984 and in 1994.
The MIC had given him 14 days from the date of receiving the letter to make an appeal.
-- BERNAMA
"I'm not sure, I will think it over. I am not a beggar to go to him (MIC president Datuk Seri S. Samy Vellu)," he told Bernama when contacted Wednesday night.
Subramaniam or Barat Maniam said he came to know about his sacking through a letter which he received Wednesday.
He said the sacking was effective from Wednesday.
Among reasons given for his sacking was the SMS sent to Samy last week, among others telling him that MIC did not belong to him or his family.
Barat Maniam said he made history by being sacked for the third time since joining MIC in 1978.
He was sacked in 1984 and in 1994.
The MIC had given him 14 days from the date of receiving the letter to make an appeal.
-- BERNAMA
Sunday, May 2, 2010
KEMASUKKAN KE TINGKATAN ENAM BAWAH 2010
Semakan boleh dibuat mulai 3 Mei 2010- 1 Jun 2010
Laman Web :
http://apps.emoe.gov.my/form6/semakan2010/index.cfm
http://www.moe.gov.my
PENDAFTARAN
Pendaftaran pelajar baru Tingkatan Enam Bawah tahun ini adalah pada 10 Mei 2010.
Mereka yang terpilih perlu mencetak surat tawaran secara online dan membawanya semasa mendaftar nanti.
RAYUAN
Mereka yang tidak mendapat tawaran ke Tingkatan 6 ini boleh membuat rayuan ke Jabatan Pelajaran Negeri berkenaan melalui pengetua sekolah asal murid dengan mengunakan Borang T6BKK mulai 10 Mei 2009.
Syarat-syarat untuk membuat rayuan boleh dirujuk di Syarat Kelayakan Masuk Ke Tingkatan 6 2010.
Tarikh tutup membuat rayuan ke Tingkatan 6 adalah 1 Jun 2010.
WWW.TAMILIYAKKAM.COM
-TQ-
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