Melewar is a asset rich company. NTA per share is RM1.30+, where share price now only 38.5sen. Melewar is control by Tunku Yaakob who is also the major shareholder of MAA. He control 36% stakes of Melewar. Last time there are rumour Tunku will privatise the Melewar at price around 60sen-70sen. Since Melewar start making profit since last 2 Q, it is good time for he to do the privatisation.

Tunku Yaakob hold alots of cash after MAA selling the insurance business and do the special dividend.

Melewar share price going up recently at higher volume. This showing something will happen soon.