Hey folks.....
With the Kajang buy-election coming up, I guess the time has come to revisit some of the earlier question I raised about the Talam Debt Settlement
The man of the Moment KKKKKhalid has been praised till kingdom cum about his financial management abilities by every single living Pakatan politicians of late....I wonder why....
If you all recall in the Talam Debt Settlement for Dummies posting (here) I provided the overall transactional flow refer below for a refresher
In that post I inquired about MBI's ability to sell the Settlement Assets...
The big assumption here is that MBI is able to liquidate the Assets in Blue Color at the Gross Consideration Value.
If that happens then MBI is able to get full recovery of the original debts of 391Million
What happens if it can't get that value?
Remember also the Excess Value that Chua was confused about the State hutang Talam 30Million that will be paid back via a parcel of land
Anyway we all want to know can MBI do all that? Even Talam could not sell those land
Is there a ready buyer to buy these assets in order for MBI to pay Talam Creditors in 6 Months after approval of Talam's shareholders?We now have a partial answer to those questions....
That is the unknown in this equation.
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| Source the Selangor Kincing Many Times (here) |
Betul ke PKNS, PNSB & KHSB nak beli......ke lu paksa...
Macam Willing seller not so willing buyer tangan kena pulas baik punya situation aje....
I looked at the published "Black Paper" (here)
Everything was premeditated it seems....they just kept the information away from public eyes initially...
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| Section 3.6.2 of Black Paper |
Now to the Million dollar question......
"No losses are anticipated from these purchases. Development plans have already been made for the lands purchased. With these plans, the subsidiaries are expected to make developers’ profit in the future"
Mak oi confident tu bang....what if the market turns and these assets get stuck with the respective entities?
I don't know I'm not in the business of predicting the future...that part best we all ask Theresa Kok...she got good contacts I hear
Anyway you all must be wondering why I call it the Black Paper...
Check out the conditions attached to it
So much for the so called "Freedom of Information Act" eh....
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| The Freedom of Information Bill State of Selangor (here) |
Apekebenda lu nak coverline sangat pasal Talam ni brader.. kasi cerita sikit boleh tak....
Oh...sebelum gua lupa maybe the World Leader @ Best Finance Minister Malaysia ever had @ Anugerah Tuhan @ Papa Hebat @ Hantu Raya Perut Buncit @ World Cheapest Economic Adviser harga satu ringgit would like to give it a go at these question...
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| Folks hows the Jual Ubat Pasar Malam Scene in Kajang....sorry Monkey now chillin out in Central Java tak sempat nak pergi tengok |