price shouting

Yes they do have new ventures to other biz , but the profit generated is very little and basically AA still 99% depend on its core biz which is fligt. the new ventures is very potential for somebody due to its follow the mega trend right now which is the Air Asia 3.0 (fintech, AI, big data, cloud and so on). so even the bank or whoever funder also understand this scenario well, and if these new funder willing to fund AA right now, mean they are confident that the biz will survive?

if bank of sabah willing to lend to AA, what on earth at this point of time got bank willing to borrow to him? isn't the bank is not stupid and have did its assessment that the AA biz can be sustained during covid19. May be AA have solid evidence/prove provided to bank of sabah that there are other funding coming in, then only bank of sabah will relief and granted the loan of RM300mil? the rest of the funding is in pipeline and coming?

i didn't attend, but can read the minutes of AGM here, all the questions raise are not related to the disposal of share by Razali.

http://ir.chartnexus.com/cypark/docs/agms/Summary%20of%20Key%20Matters%20Discussed%20at%20the%20Postponed%2015th%20AGM%20held%20on%2018%20June%202020.pdf

and i check back few year back AR, it shown that Razali shareholding is about 54mil in 2018 and 2019.
i very doubt that he own these share by margin account.

Papayashot , how to u know?

Razali owns 53mil share (11%) as at Feb 2020 as per AR2019. and he have disposed about 15mil shares after that up to now. mean his shareholding now is about 38mil share (8%).

how u know is pending state approval right now?

yes I attend and gotten jusco voucher.

how much gain on the book will HarnLee recognised on this disposal of estate ?

ya basically we cannot do anything if ther is no dividend, like Malaysian Bulk Carriers Berhad, the disposed off major investment recently got huge proceed, but no distribution to share holder too.

so the same will be for Pinepac, unless the management change their mind. but not so easy, bcz the proceed must be utilised as per the circular.

we can just hope for with the proceed, the Company can turn around to make profit with its Indonesia estate. and hence bring up the share price.

alexooi, the SPA signed on 21/9/18, 8months from SPA date will be 20/5/19..not lapse yet.

cannot be UP backdoor helping pinepac, looks at the circular announced last EGM, the value of the land sold is market value, and close to historical transacted value. mean this is fair price for these land and trees (eventhough old).

and on the dividend, already mentioned in the circular that no dividend will be paid out of the proceed, unless Pinehill have their own fund to pay for dividend. or else, dun see why there is any special dividend. (the proceed is RM400mil, 150mil go to banker, 150mil go to supplier)

why the share shoot up recently?

khoos salary is super high, look at the AR.