Doraemon168

Doraemon168 | Joined since 2024-04-24

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1 week ago | Report Abuse

fi888, just share my thoughts only... normally we have blindspots in our thinking, thus it's essential to clearly construct our reasonings in proper way, so that others can see it clearly and pinpoint the 'loopholes'..

lets not talk about whether share is up or down, we are now consider the worst case scenario, which is whether it will be delisted or not. I believe the reasons mentioned above are suffice.

If one is still feel uncomfortable about this counter, just leave it and play other counters. Its simple as that.

By the way, awantech warrant expiry date is next year , 25 NOV 2025, not this year.

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1 week ago | Report Abuse

RealRich, one thing i'm pretty sure is you do not have friends from corporate finance/lawyers that are involved in listed companies...

Kindly refer to experienced Remisier on how to interpret announcement correctly.

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1 week ago | Report Abuse

i)The reason why Awantech did not submit the regularization plan, as it's not necessary, as clearly indicated by :

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3439185
To further elaborate, the Waiver and Upliftment Application mentioned above was made pursuant to Paragraph 8.03A(5) of the Listing Requirements, which states that an affected listed issuer NEED NOT comply with the requirements set out in subparagraph (3) of Paragraph 8.03A of the Listing Requirements ie amongst others, to undertake a regularisation plan (which typically entails an acquisition of a new business that results in a significant change in business direction of the company or a fund raising exercise) that is subject to the approval of the relevant regulatory authority, provided that with reasons mentioned.

ii) Also, there is no reply from 'Waiver Request & Uplift' so far.

iii) Awantech has the absolutely right to appeal against compensation sum of 200mil+. It doesn't mean Awantech is 'fighting' with government. What's wrong with trying to appeal ? worst come to worst, they stick back to their original compensation sum of 200mil+.

iv) Not sure why some people said it will be delisted. Is it due to not submit regularization plan ? if so, please refer to i) and ii) for reference. Also, even if SC does not agree on i) and ii) , they will be given chance to do the regularization plan, within the suspension period/or not.

v) It doesn't make sense for Bursa to delist company that show improving profits based on last consecutives counters. Have a look at some of the counters who keep one bleeding quarter by quarters and yet they are still listed.

vi) Kindly check the background of current CEO. Also, not to forget, who's the one sapu during the panic sell on Friday ? Normal retailers after looking at KLSE comments, will they sapu on the low price ?

viii) Given the reasons above, the uncertainty is we do not know how long will it take for this counter 'active' back again, in case suspension still going on as usual, if there is no announcement within this 1-2 days.

As the saying goes, there is on sure win in stock market. Practice our risk management wisely. No one is pointing gun to buy this counter. Win already happy sendiri, if lose , then find someone to blame.