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Mirzan Mahathir appointed director on San Miguel Corp board

Posted by admin

Thursday, 10 September 2009 23:02

(The Malaysian Insider) KUALA LUMPUR, Sept 10 — Mirzan Mahathir, the eldest son of Tun Dr Mahathir Mohamad was recently appointed to the board of San Miguel Corp, the biggest food and beverage conglomerate in the Philippines and the owner of San Miguel Brewery Inc.

Fireworks are seen beside a giant San Miguel beer bottle. Mirzan Mahathir has just been appointed a director of San Miguel Corp. — Reuters pic

San Miguel Corp told the Philippines stock exchange last week about Mirzan’s appointment which is to represent the interests of Q-Tech Alliance Holdings Inc on the board.

Q-Tech, a Manila-based investment company in which Mirzan has a stake in, recently acquired a 19.9 per cent share in San Miguel Corp for 39.61 billion pesos (RM2.9 billion).

It bought the stake from Japan’s Kirin Holdings, which used the funds to help finance the acquisition of a 43 per cent stake in San Miguel Brewery Inc.

With this latest corporate exercise, San Miguel Corp still maintains a 51 per cent stake in San Miguel Brewery Inc.

San Miguel Brewery controls 95 per cent of the Philippine beer market. The company has made San Miguel Beer for more than a century. The beer is brewed in the Philippines, China, Indonesia, Vietnam, Thailand and Malaysia, and is sold in 60 markets worldwide, according to the company’s Web site.

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written by blackpea, September 10, 2009 23:10:59

Muslim owning shares in a Beer Company is not haram I suppose, holding, selling and drinking it is haram for muslim. I wonder if the Syriah Court would dare to whip Mirzan Mahathir if its considered haram to own shares in alcohol company.

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written by onnetline, September 10, 2009 23:14:26

This Muslim mamak a/l Mahakhinzir is involve in intoxicating 95% of Philippines.

I'm very, very impressed ! ! ! !

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written by hellosunshine, September 10, 2009 23:17:47

Mirzan will most likely pen in his race as Indian just like what his father did in Singapore U.

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written by SamBall, September 10, 2009 23:26:44

Msia boleh

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written by JaguhKampung, September 10, 2009 23:27:22

Cheers Mirzan! This is one of the best beers I've ever tasted...

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written by blackpea, September 10, 2009 23:28:20

I also wonder where he got the RM2.9 billion, must be from the rakyat of Malaysia

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written by devious17, September 10, 2009 23:29:16

Eerrrmm.....arent muslims prohibited from having anything to do with beer? otherwise one would risk being caned for his/her association with the beverage or boo'd by the shah alam folks.

Or mizan is acting from his indian side of the blood? heheheh get it?

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written by bodohland_citizen, September 10, 2009 23:31:00

Minum arak kena sebat, taukeh arak macam mana pulak ? Kena sula kot ?

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written by Commonsenses, September 10, 2009 23:34:00

Seems like the above are not the whole story. The Arabs and Mirzan are investing in Q-Tech Alliance Holdings, Inc., this company in turn buy a stake in san miguel. Cheers! wake up Malaysian Muslims, business should not mixed with religion. That poor girl gonna be caned cause of a beer while the rest can invest in it.

Tokyo, February 20, 2009â€”Kirin Holdings Company, Limited (Tokyo, Japan; President and CEO, Kazuyasu Kato; hereafter, "Kirin") and Q-Tech Alliance Holdings, Inc. (Manila, Philippines; President, Eric Recto; hereafter, Q-Tech) have entered into a Share Sale Agreement under which Kirin will transfer its entire shares in San Miguel Corporation (Manila, Philippines; Chairman and CEO, Eduardo M. Cojuangco, Jr.; hereafter "SMC") to Q-Tech.

Kirin will sell all of the 628,666,675 shares it currently holds in SMC (19.91% of the issued and outstanding shares*1) to Q-Tech through a private transaction at a price of Php63 per share (approx. Â¥120*2). Total purchase price will be approximately Php39.61 billion (approx. Â¥75.3 billion*2). Kirin and Q-Tech will target on closing the transaction at the end of May, 2009.

Kirin plans to purchase from SMC 6,665,023,690 shares, or 43.249% of the issued and outstanding shares*1, in San Miguel Brewery, Inc. (Manila, Philippines; Chairman Ramon S. Ang; hereafter, "SMB"), the domestic beer business subsidiary of SMC, through a private transaction. The consideration from the sale of Kirin's shares in SMC will be used to finance part of the purchase price for acquiring SMB shares.

*1 Based on the number of shares as of December 31, 2008.
*2 Php1.00 = Â¥1.9 (as of February 18, 2009)
Kirin Group's long-term business vision, as outlined in "Kirin Group Vision 2015 (KV2015)", is to be a leading company in Asia and Oceania, and Kirin has been promoting a strategy in these regions of focusing on profitable operation. SMB's beer market share in the Philippines is approximately 95%, and its parent SMC has long been in the business in Asia including China, Vietnam, Indonesia and Thailand. Through the sale of SMC shares and the purchase of SMB shares, Kirin will be able to focus its investment in the alcohol business in Asia and Oceania.

Kirin Group will constantly seek to nurture close bonds with its customers and offer the happiness of food and health, based on its marketing slogan oishisa wo egaoniâ€”taste that makes you smile.

Petron directors, Qtel subsidiary incorporate holding company
THE SECURITIES and Exchange Commission (SEC) has approved the incorporation of a holding company, a stockholder of which is a unit of the firm with which San Miguel Corp. is partnering as it ventures into the telecommunication business.

Senior executives of Qatar Telecom QSC met with President Gloria Macapagal-Arroyo in the Arab state in December to review potential areas of cooperation in broadband Internet technology in the Philippines. The new company, called Q-Tech Alliance Holdings, Inc., has a capital stock of P1 billion, a quarter of which had been subscribed to but only P62.5 million paid for, documents showed.

Q-Techâ€™s investors included Bahraini firm QTel Al Sadd Holding SPC, which bought P25 million worth of shares.

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written by KingSolomon, September 10, 2009 23:41:21

Mirzan, Mahashit, Najis, Toyol, Hishamrasputin, AMNO cow-heads, Hassan Alibaba, readyyyy.....YAMMMMM SENGGGGGGGG!!!!!!

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written by rocky, September 10, 2009 23:45:02

well it is overseas, so can action be taken against him. BTW he rather invest there than Malaysia, what does that mean for Malaysia?

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written by Mirage, September 10, 2009 23:54:30

You can work in a beer factory as a director but you cannot handle a beer over a counter at 7-11 and when you consume beer you can get canned?its akin to saying you can work to produce alchohol but when you sell its haram and when you drink it double haram.

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written by SiHangChai, September 11, 2009 00:18:20

apa kata semua ketua agama dan mereka yang digelar bapa agama tentang anak si mahathir ini? apakah in bermaksud mereka x2 ini seperti najib, muhidyyin, kerismuddin, khairy sudah lama tak berpesta? kalau di malaysia tengok orang melayu mana yang duduk sebagai pengarah di GAB, Carlsberg, Genting, Berjaya Toto, Magnum, Olympia, Pan Pool.. semua haram tapi kerana duit, mereka-mereka ini tak ada haram langsung...

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written by SamBall, September 11, 2009 00:23:41

Cheers, anak kakatoon

Take beer

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written by Jimmy Choo, September 11, 2009 00:46:11

Congrats.

Malaysia Boleh.

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written by Fuminari, September 11, 2009 00:47:11

hmmmm..!yam.....sing!!
check with calsberg also,then u would know who is the 'real' main sole agent for the danish beer n then u would understand more why the old lizard kutty is so

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written by Watchdog, September 11, 2009 00:47:21

If Kartika was drinking San Miguel, would she be exempted from the cane or would Mirzan also get the cane?
What about his father - should he be caned for allowing his son to be owner of beer co.?

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written by Fuminari, September 11, 2009 00:50:27

kartika took beer n she got fine of rm5000.00 plus six stroke of rotan.
if that's the case,what should then happen to mizan??stoned to death????

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written by Oscar Winner, September 11, 2009 00:58:34

Beers and the haram issue aside, note how ill-gotten gains are channeled to foreign countries for investment. I bet all UMNO goons' wealth is stashed away overseas before they flee this country, come the next GE. I stand corrected -- Toyol's in Indonesia and a US bank near disneyland, TDM's billions in Zimbabwe (a bit now in the Phillipines), Mohammad son of Mohammad's in Australia, I heard Moohidin's also in Indon, Najis' is all over the world except Mongolia, Rozak Baginda's in UK, KJ's and FIL's also in Australia, Syed alBlur in Yemen, etc etc.......damn!

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written by smeagrooo, September 11, 2009 01:13:15

well someone got drunk and out came an imbecile.

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written by Kathy, September 11, 2009 01:23:06

Will he be caned? smilies/grin.gif

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written by Admiral Tojo, September 11, 2009 01:33:44

Quick, Harunsainy pass judgement to cane him. 12 strokes should be enough. Hypocrites, ALL of them.

Shalom

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written by Fart Fart Wah, September 11, 2009 01:33:51

Oh Malaysia its ok...bapa borek anak rintek

He was holding the Queen Bee Brandy Licence in Kedah once upon a time in the 1960s and 70s..wah brandy seller woh!!!

so..anak ikut saje...ROTAN????MANE BOLE..anak Mamooothir tak bole..

....Itu lah orang Melayu biasa di perdaya oleh UMoooNo Moolayu...moo
depa UMooNo mahu orang Melayu....Moo Moo Moo macam mereka jua......moooooooo

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written by mowadoha, September 11, 2009 02:07:40

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written by temanmu, September 11, 2009 03:03:06

Do note that the Malaysian version is:

"TAKE BEEER"

with 3 "E"s

1Malaysia has produced the 1st - UMNO Mat Rempit / Taliban cross breed!

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written by tmxolp, September 11, 2009 03:41:42

Few possibilities i can think of ..
>By citizenship, Mirzan is not a Malaysian.?
>Mirzan is not a muslim?
>Syariah law can only apply to Malaysian muslims while in Malaysia territory.
>There's a clause in Malaysia Syariah Law stating that Malaysian muslim are not allowed to consume alcohol EXCEPT SAN MIGUEL brand.
>Syariah law allow Muslim to have interest in "Haram " business .
>Syariah law can not apply on selective Malaysian muslim .

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written by Ben Nordin, September 11, 2009 06:44:12

This is UMNO's brand of Islamic party. Anything goes. Heck, you can get drunk and molest a waitress and they'd make you an ambassador. Others can't do that. You'd get caned. I wonder if this San Miguel is a product of the Halal Hub? Heheh. smilies/cheesy.gif

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written by mikewang, September 11, 2009 06:47:30

A future PR government must pledge to sanction a commission of inquiry on why children and siblings of previous PMs and key ministers are such business geniuses who can amass such great fortunes. The lessons learnt must be taught to all Malaysians.

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written by adan, September 11, 2009 08:46:04

Wow !! RM 2.5 BILLION ??

That is small change.!!There is plenty more where it came from...

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written by oct, September 11, 2009 08:55:54

The Govt investment companies like Tabung Haji, Khazanah, etc don't invest into companies like Genting, Sport Total, GAB as they are considered haram. So if Mirzan is doing it, isn't it considered haram and be punished? Who dare to punish him? UMNooo has no balls to do it. UMNooo will only punish the weak and helpless. No the rich and famous!!!

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written by goman2k3, September 11, 2009 08:59:42

His mamak bapa bailed him out during the 1997 crisis, the kapalan company and now with this money he is investing overseas and in take beeeeer. Isn.t he a member of UMNO and UMNO is an islamic party? WTF is then canning a woman drinking beer. Mirzan is selling alcohol which haram. Sack Mirzan from UMNO the islamic party Najis to prove that otherwise it is another big lieeeeeeeeeeeeeeeeeeeeeeeeeeee.

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written by Msian Idol3, September 11, 2009 09:06:26

They are never muslim. It is good for business to be muslim & malay in Msia. No exception for the Mahatir boys. The mighty $$$$ rule & so are the attractive & sexy non muslim aaa-moi's. Ask anyone who studied abroad with the Mahatir boys or the inner cycle of Msian boys & gals who hang about the mahatir boys --- they will confirm their prow-ness with non muslim gals.

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written by Krepot, September 11, 2009 09:07:16

Dr. M, not too long ago: Malaysia is an Islamic Country!!! - REMEMBER THAT!!

Now, "Satu Lagi Projek Barisan Nasional!"

Semuanya ok!

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written by wes wong, September 11, 2009 09:11:20

How fitting....he is selling beers that are pronounced "Send me girl"

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written by sydput, September 11, 2009 09:24:48

Hooray! One more beer brand for mass distribution in Malaysia.
San Miguel makes beer, but also many other things.
They virtualy dominate the local food market, like Indofood in indonesia and nestle in Malaysia.
Mirzan was married to Indonesia's richest businessman's daughter. They divorced way back in 1997/98 when his biz empire collapsed.
If found guilty by syariah for buying san miguel shares, may I reccomend the japanese water beer torture, drink beer until stomach about to burst, then ask someone heavy to step on stomach until the beer flows out from all exit points, including the ears and nose. But since he will be heavily intoxicated, it can be seen as a humane form of torture.

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written by miwaki, September 11, 2009 09:26:32

Be flexible a bit-lah,its all in the mind.If you associate beer as evil,then it is "haram",however,if you associate beer as fun,joy,achievement and accomplishment,then it is not "haram".

Your mind is doing the trick,if your mind is dirty and bad,everything you do is "haram",if your mind is righteous and pure,everything you do,hold or drink is "halal".

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written by kenflokimi, September 11, 2009 09:27:44

Cheers.......... Take Beer.... Malaysia Boleh......

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written by krising1, September 11, 2009 09:29:20

Folks, take it easy. This is the a modern Malay. And the one where the Indian blood is dominant. Remember Shah Rukh Khan is a muslim who is married to a Hindu and neither party converted. It is perfectly legal and acceptable in India. So is drinking, praying in keramats and other things which are forbidden in Malaysia. Notice I said Malaysia and not Islam. If Shah Rukh Khan is Malaysian and did what what he has done in India, we can just imagine what will befall him and his family. But because he is an Indian, in Malaysia they even honour him with a Datukship. So we can see another case of double standards! And Ali from Melaka went to SRK's house in India and enjoyed the finest Indian cuisine. I wonder if he checked if the food was halal as I am told that SRK's cook is a Hindu!

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written by EYFF, September 11, 2009 09:56:30

Well an alleged Muslim can own beer making company? Distribute and sell beer to retailers is also OK? But for Muslims to serve beer in bar and drink beers there is not OK??

It is OK to grow poppy?? Manufacture and sell opium, heroin and morphine to distributors is also OK?? But not OK to push and take the drug??

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written by Tom Cruise, September 11, 2009 09:58:32

THANKS MIRZAN, PHILIPPINES NEEDS FDI.

CHEERS!

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written by Alice, September 11, 2009 10:25:27

Wow 2.5. Billion .... duit halal ke?? Beeer dah dianggap tidak halal tapi boleh terlibat dalam syarikat ini.

Hypocrites religious hypocrites!!!!

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written by Jit Dharma, September 11, 2009 13:09:56

Okay PAS, ready, aim ,fire!!

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written by fairnessforall, September 11, 2009 16:49:57

hahaha...this just after Najib claims UMNO is an islamic party. Seems like all UMNO members are involved in Haram business. How islamic is that.

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written by yy88, September 13, 2009 00:52:23

Cut out all the craps, who doesn't know the real owner is Tun Mamak Kerala who had looted the Rakyat's coffer.
A true Indian muslim who owned a beer company for intoxicating the muslim world.
Syabas Mamak!

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