Riong Kali did not state his apology to Dr Mahathir

Kalimullah

This morning, Datuk Ahirudin “Rocky’s Bru” Attan case brought by the suit by then Deputy Chairman of NSTP Bhd Kalimullah “Riong Kali” Masheerul Hassan and three others exactly five years ago came to an amicable end. Rocky apologised “For the considerable distress, embarrassment and inconvenience caused to the plaintiffs” as a result of some of the things I’d written about them on my blog”.

Former NST journo who was ostracised during Riong Kali’s tenure had his analysis on the out of court settlement this morning, which actually resulted from the latter’s apology to former Prime Minister Tun Dr Mahathir Mohamad for the lies on his News Sunday Times article “And, really, who is demonizing whom?” on 11 June 2006. That lie brought the articles by posted Rocky and another blogger Jeff Ooi, who is now DAP MP for Jelutong calling Riong Kali a ‘Liar’.

This is Riong Kali’s statement on today’s end of game:Statement:

Apology by Blogger Ahirudin Attan to Datuk Syed Albar, Datuk Hishamuddin Aun, Brenden Perera and Dato Seri Kalimullah Hassan

dated: January 31, 2012

On behalf of my friends and former colleagues — Datuk Syed Faisal Albar, Datuk Hishamuddin Aun and Brenden Perera — all of us are glad that this unpleasant episode in our lives has come to an end. It is something that should not have happened and it is something that caused undue stress, damage and anguish to our families, friends and us personally and professionally.

We accept the apology by Ahirudin Attan and his expression of regrets at the damage, distress and embarrassment he has caused not only to us but also our families and friends. The repeated lies over a long period of time and the unfairness of it all led us to the painful step of filing the legal suit against Ahirudin to clear our names and reputation. Having come from the same Press fraternity, it was not a decision we took lightly when we went to the courts to seek justice.

We would like to put this incident behind us and move on.

As for me personally, this is the sixth apology I have received in less than 12 months — from DAP MP for Jelutong and blogger Jeff Ooi, the New Straits Times, Berita Harian, Utusan Malaysia, Matthias Chang, the former political secretary to Tun Mahathir Mohamad, and now Ahirudin Attan — for publishing defamatory and libellous statements against me. It re-establishes my faith that eventually the truth will prevail and that justice will be done.

Kalimullah Hassan.

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Riong Kali conveniently did not mention that part of the settlement reached recently in the suit and counter suit with Matthias Chang, that he had to apologise to Tun Dr Mahathir Mohamad. His apology to Tun Dr Mahathir was the pertinent point that the last two suit cases managed to be ‘resolved amicably’. The fact is that, Tun Dr Mahathir was never part in any of these legal cases between Riong Kali and Rocky, Ooi and Chang but he had to apologise.

Why did Riong Kali conveniently miss that apology to Tun Dr Mahathir out?

This is the sort of a man Riong Kali is. Even at this point, he was not willing to tell the whole truth. That is not withstanding the person that he really is.

Published in: on January 31, 2012 at 16:00  Comments (4)  

Tebrau Teguh gone stealth

Yesterday, KPRJ controlled Plc Tebrau Teguh Bhd asked Bursa Malaysia to suspend the trading of its shares for two days. This is pending a mayor announcement, expected this evening.

This morning, the announcement was made. Tebrau Teguh is to be taken private and an MGO would be issued.

Tuesday January 31, 2012

KPRJ said to launch mandatory general offer for Tebrau Teguh

By WONG WEI-SHEN
weishen.wong@thestar.com.my

PETALING JAYA: Tebrau Teguh Bhd, which has suspended its shares from trading, may be the next company to undergo privatisation by its major shareholder.

Sources said its major shareholder Kumpulan Prasarana Rakyat Johor (KPRJ) would be carrying out a mandatory general offer for the company.

KPRJ owns 41.15% of Tebrau Teguh.

Tebrau Teguh is a diversified property developer and construction group linked with KPRJ.

KPRJ itself is the Johor state’s investment arm.

Tebrau Teguh’s shares closed last Friday at 75 sen.

The volume traded last Friday was 12.8 million shares compared with 1.8 million shares the previous Friday.

The 596.39% increase in volume of shares traded could have been due to sentiments on the material announcement.

A business weekly had reported over the weekend that Danga Bay Sdn Bhd (DBSB) might be acquired by Tebrau Teguh.

DBSB was the custodian of a privatisation contract awarded by the Johor state government in 2000 to develop 1,800 acres of waterfront land along Johor Bahru’s Lido Beach. It is therefore the master developer of the Danga Bay waterfront project in Johor.

Should Danga Bay be acquired, Tebrau Teguh would be the biggest owner and developer of sea-fronting projects.

Both KPRJ and Credence Resources Bhd currently own DBSB with 30% and 70% stakes respectively.

Once the acquisition is complete, KPRJ will still remain the majority shareholder of Tebrau Teguh.

The second majority shareholder will be Lim Kang Hoo as he owns 70% of DBSB via Credence Resources.

It is also worth noting that Lim is also Ekovest Bhd‘s co-founder and chairman.

Tebrau Teguh has completed projects through one of its subsidiaries,Bayou Bay Development Sdn Bhd.

It has completed projects involving mainly medium cost apartment and townhouses which are the Oasis Apartment, and the three phases of Bayu Puteri Residences.

Its future developments are Desa Idaman Bungalow and The Oxcy service apartment.

Through its other subsidiary Tebrau Bay Constructions Sdn Bhd, Tebrau Teguh has completed several projects, namely an RM80mil project with the National Housing Department to build 1,500 unit s of government housing apartments in Johor.

The project was completed in early 2007.

Tebrau Bay Constructions is currently in the process of developing 2,700 units of low-cost apartments in the Johor Baru township.

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This move has been anticipated. Tebrau Teguh is steaming ahead with their original plan, which was crafted a year ago.

Iskandar Malaysia: East to West, encompassing the JB CBD has been targeted for a massive corporate exercise going towards flipping of land parcels

It is a structured part in a direction of series of corporate exercises which involved a lot of ‘injection of land parcels and collaboration’, which is thought to be more of an SPV to flip all the high value land parcels with Iskandar. It is part of the ‘East-West’ project detailed by Another Brick in the Wall, where strategic parcels all over Iskandar Malaysia with specific state owned and GLC parcels be amassed into one big basket.

Taking a Plc private for a series of major corporate exercise is about doing all these deals ‘below radar’. Previously, what ever deals transpired from the list of parcels of land already injected into Tebrau Teguh is mandated to be announced in Bursa Malaysia. The last was the parcel in Senai:

The whole scheme of deals are not stealth. The ‘flipping’ could now be exercised at ‘willing seller-willing buyer’ terms. There is already a precedence to this (The flipping of TNB land in Stulang Laut to Singaporean property developer Peter Lim).

This sounds like the feared exercise is unstoppable. Especially, when certain parties have the ‘control’ over the state Land and Mines Commissioner. In fact there are already precedence in these, now being allowed to openly be devoured by Khazanah within the prized Iskandar Investment Bhd parcels in South West South Johor.

More to come. God help us, all.

Published in: on January 31, 2012 at 10:29  Comments (4)