obiwan88

obiwan88 | Joined since 2016-01-13

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2016-01-13 17:51 | Report Abuse

I do not see anything wrong with that as basically there is no hidden information from the public. Firstly, the court case has been set aside in favour of the defendant. Moreover, it is a court case involving the shareholder and not the company so there is no material impact on the company. Company does not need to disclose court cases against another shareholder.
And, the person who alleged the 700 containers claim has since went into hiding. It is a misinformation and laughable story. The intention is obvious i. e to bring down the price and buy up.
Any public company can use their bankers to iron out this issue and make the announcement. They have not infringed the Bursa rulings in anyway. Well, caveat emptor, so make the decision if one would like to invest in the stock.

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2016-01-13 16:46 | Report Abuse

It is a good stock to invest in as local economy is very weak due to the GST and the weak Ringgit. So concentrate in company that export. Ringgit will continue to weaken or stay where it is.