Either that or calling up fresh cash through placement but won’t be considered regularisation plan, anyway who would want to take up placement shares in a almost bankrupt co., already more than 2B shares issued ifissue another 1B shares at 5s only 50m cash which doesn’t really improve the financial position much. Furthermore by issuing new shares the share price will drop further to account for the dilution effect of the enlarged share cap.

They have to dilute existing shareholders so new party coming in will end up with very substantial & meaningful controlling stake

How else to recover & get out of PN17

Will be capital reduction + issuance of new shares for injection of new business

That’s why they are corporate crooks!!!!

Whatever regularisation plan the BOD comes up with will be beneficial to the principal shareholders and not the investing public

It’s not the company, it’s the crooks in the management

It’s not a buy back, on the contrary a capital reduction results in a dilution of your current shares for example 100 shares becomes 10

Keep getting new projects to “hood-wink” investors, new projects at dirt-cheap below cost pricing .... just buying time, cash flow & profits in -ve territory and getting worse by the day

Investors in Daya “screwed” already, Corp exercise to “screw” us another time :(

........ relisting of new shares will result in share price

10 shares become 1, inject new businesses for new shares ...... resisting will result in share price maybe 25s effectively equivalent to 2.5s at present trading prices

Daya will do capital reduction 10:1

Mazlin pandai, sold early at 28s

Principal shareholder LSF owns +/- 18% already selling to cover margin, look at the high volume since declared PN17 he has lost more that 20m in this counter. TS Richard Koh also lost interest in his 70m Daya shares, lost 10m already.

Much “hanky-panky” going on at senior management level, just look at the losses last 3 years ...... huge losses only show in Q4, what kind of Mickey Mouse financial planning!

No impairment made for known potential losses from Technical Division, many construction projects badly delayed and facing serious LAD issues

Crook resigns from BOD b4 financial Y/E 2017 results out, sudah “makan” banyak cepat2 lari

Why sell 49% most profitable wholly owned subsidiary, looks like selling to kaki sendiri