This is a counter led by Dungu management team....look at the price..going south week in week out....the management failed to meet their KPIs miserably and yet remunerated handsomely...ofis politics too rampant (same like SBC Corp and those family owned majority shares)
Boring counters led by idiot management team...the main shareholders cum management are close family members whose only interest is to keep their pockets deeper and deeper.....when it comes to KPIs of company ie profitability, cost cutting measures, dividend declaration are simply pathetic .....
Am of the view the mgt team and the majority shareholers may gang-up with some minority shareholders (whom cud be nominees to the majority shareholder) to pass the resolution held late last year. Do not discount that thay may appoint a number of consultants (similar to Peneng Undersea Tunnel modus operandi) where these consulats are conduit (in fact a fly by nite companies) to siphon the proceeds from sale of the properties to G-Dex.
I am of the view that 1. The majority shareholder is working in concert with the minority shareholder(s) that collectively hold big percentage 2. These people will agree to the proposed scheme or which behind the scene arrangements are taking place 3. These few minority shareholders will then for company(ies) on the pretext of providing services related to the proposed schemes where the fees are inflated. So that these people will then share among themselves the monies from the sale of the property until all these monies are exhausted.