m & a

Every time a company announces about its M & A, the shares will go up. So somebody will make money on the shares. The company will send statement to the Bursa Malaysia of its MOU then nicely put subject to Bank Negara's clearance. I think the government should stop this practise. It is akin to building a house without permit - build first obtain approval later. This is what happening in M & A. There must be watch dogs set up independently to view the scenes in the corporate world. Bank Negara should review its role in this sector. If it is overworked(as it always claims in the government agencies) it should let go of its policing. Let a reputable public accounting firm to evaluate the company's intentions to protect the investing public not to be conned by the lofty statements and guaranteed profits. Like the recent case of EPF nearly conned by a defunct company of $15 million. What will the government do? I think the entire Board should be replaced and bring in a mixture of professionals into EPF. It is the working people money yet the EPF officials dont take good care of it. I just hope nobody is going to lose his/her life saving in EPF. Me included.....


Malaysia- change for the better throw away old rules set up simple regulations every one understands