The Minority Shareholders Watch Group (MSWG) via their bulletin of May 20,2022 informed that for the MSWG AGM/EGM Weekly Watch of 23 – 27 May 2022 , MBL is in the Minority Shareholders Watch Group’s (MSWG) watch list, and the detail of the question to MBL can be obtained via MSWG’s website at www.mswg.org.my.
The question emailed by MSWG to the Board of Directors of MBL for the AGM was in relation to a transaction of Share Sale Agreement dated April 1, 2021 between MBL Plantation Sdn. Bhd. as the vendor and Doa Huat Holdings Sdn. Bhd. as the purchaser and that why MBL only announced the transaction some 10 months later on January 21, 2022
The Annual General Meeting of MBL was held on May 26, 2022, and not satisfied with the lame excuse as announced in their January 25, 2022 reply to Bursa Malaysia, the MSWG wrote this in their The Observer bulletin :
It is very clear that the explanation by MBL in the delay on the announcement to shareholders and Bursa Malaysia as "misinterpreting" the Listing Requirement is not only totally unconvincing, but was an attempt to hide certain material facts of the Share Sale Agreement dated April 1, 2021 between MBL Plantation Sdn. Bhd. and Doa Huat Holdings Sdn. Bhd.
The "misinterpretation reason" is totally unacceptable simply because :
The mystery of this black hole of MBL may soon be revealed or discovered by the regulators, as I strongly believe there are some fishy business or covering up by the board or management of MBL which I will try finding out.
Let's see what will be unfolded next since MBL had laid its hand on Symphony Life Berhad, and with so many bad publicity going on now in Symphony, I won't be surprised if something like Serba Dinamik will happen!
Chart | Stock Name | Last | Change | Volume |
---|
Created by ismailkarin | Jan 19, 2022
Created by ismailkarin | Jan 16, 2022
Created by ismailkarin | Jan 13, 2022
Created by ismailkarin | Jan 12, 2022
Created by ismailkarin | Jan 09, 2022