Don't get me wrong, OCR can certainly do better. 20.7million administrative expenses is very steep relative to its 88million revenue, i wonder what kind of extreme administrative work they have been performing over the past year.

Correct me if i'm wrong, i think it is not all that bad. At least the company has returned to the black as promised, not to mention that the company has been focusing mostly on low-margin projects to earn a more steady income in a market that was relatively uncertain.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5517493

Interesting shareholder. Are they also the private placement investor? or are there more?

i think this counter needs time. It is being artificially managed at current levels to facilitate the share placement exercise. If all goes according to the plan, the exercise will be completed by 3Q17. What happens next is up to your imagination.