@MacDee34 KNM has lodged report on this news and MCMC had taken down the news link. TY must provide proof that this is fake news otherwise MCMC wont take down the portal. TY is not a fool to make police report if the rumor was true.
SC is doing the right job to ban 2nd PP. This GLC is making the bad example to ruin Bursa regulation. If 2nd, 3rd PP and plus can be done in the same year, what is the meaning of requiring Shareholders approval for 10% issuing limit?
for the big loss, the former Boustead CEO is the Pharma president, like PM also a finance minister, no check and balance. Now, because a foolish decision by a person or a group of villain in a subsidiary, the whole Group in trouble.
Affin bank already affected. It was also noted that the management is expecting 3QFY23 to be another heavy quarter for provisions.....It is full one year the vaccine stock arrived in Pharma store in Q3 too....hmmmmmmmm
What most worrying is that Pharmaniaga has booked negative net operating cash flow since 2020. Means before Vaccine default, its ordinary biz unable to generate positive cash flow. The PP will be used for the trade payables of RM722.3 million, and it is only 6% of total trade payables!
In the AGM, no explain how the decision-making process, based on what fact the management purchase such a quantity, how the BOD accept the purchase and did CFO raise concern? All no explain!!! Made a RM600mi mistake, took the salary and resign. No need explain. No body responsible. All mum. All so call corporate responsibility, HALAL, transparency, integrity and professional talked about just shit!
About 15% share holders against yesterday directors reappointment and remuneration, This is a loud protest to the current management! Now this is the time for management start show they are capable to fulfill the responsibility of their duty.
Tengku bought MAA years ago and selling off its asset one by one to make profit. In buying KNM, i believe he will do the same thing to release value of the asset. Now what shareholders worry is whether he is losing his magic touch
@Welcome Buffett best known investment quote: rule no1 , dont lose your money, rule no 2, dont forget rule no 1. Sometimes more caution (negative) is not all bad especially to invest in toxic share. As u had seen for the past 3 years who shout high up ended with new low. No matter u r positive or negative thinker, i hope all can unite to voice our unsatisfactory to treat shareholder with virtue AGM and all mist surround the RM600mil purchase of vaccine. Paying the bill to whom stolen the money by keeping silent is not an option!