Anyone also can put a price on the acquisition price la. Let’s say I say RM1 acquisition. Hope? Better don’t play with hope bro. You have money you’re king and can buy other counters.
A much higher price is achievable but needs time. So far all that have happen is positive. Tong is definitely not cozy with MCA and MCA is not going to sell controlling stake to Tong. Tong will be the policeman watching the company. Just selling 2 piece of Industrial Property at Bkt Jelutong Shah Alam already net STAR 13% stake in MATANG and another RM4.12m cash. Looks like the same corporate move will be repeated on most of STAR Media's property across the control. So the cash hoard will just be increasing and simultaneous STAR Media will have a significant stake in Matang. Matang got alot of land with development potential in Johor. Star's entry into Matang is at just 8.09 cents a share.
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Posted by dompeilee > 2023-05-03 16:16 | Report Abuse
Wait for all the short-term chasers to clear out first...