And it will go into the official BAB 2023 Annual Report. "What kinda depreciation accounting is this " should be asked by the external Auditors.

Just like that, it was announced a half billion (RM 514.4m) write off or write down in the value of Kraken & SC assets, apparently due to " caused by accounting depreciation recognised
on a straight-line basis and the reduction in the charter revenue during the optional
extension period" which was already known from the beginning and therefore should have been provided for. This half a bln bucks 514m writeoff is more than half the pre-adjusted 4 quarters profit of 883 ( +386 4qtr 497 b/f 3qtr). Not a very plausible answer.

SUSPENSION OF TRADING
BOUSTEAD HOLDINGS BERHAD
Kindly be advised that trading in the securities relating to Boustead Holdings Berhad will be suspended with effect from 9.00 a.m., Tuesday, 20 June 2023, pursuant to Paragraph 16.02(3) of the Main Market Listing Requirements

Not sure if the 90 % compulsory acquisition rule applies to total number of shares in the company OR 90% of shares not held by LTAT at the time of offer ( which is 40 % or 27.2% ?)

Note that the offer has not yet become unconditional ( still conditional on the approval by regulatory authorities ). But very slim possibility that the whole offer could be withdrawn.

That means that they can compulsorily aquire the balance 10 % dissenting shareholders. Those who still hold Bstead shares now no need to do anything. https://www.nst.com.my/business/2023/05/910546/ltat-firmly-track-privatise-boustead-now-owns-over-90pct-stake

Thank the miracle of social media, Crown Penang got video : https://www.crownpenang.com/

Checked that Asian Retail Mall II Limited is the sole developer of SStwo Mall not Ken as stated by opti8888 above

From a technical analysis point of view, yesterday its price broke below the 30 day moving average which is a sell signal to chart followers.