Pan Malaysia in the limelight after stockbroking asset sale?....The Edge Weekly page 18,Jan 24 ..something is brewing.. "Sources say PMH is currently in talks with several parties, including a private property developer, to sell a block of shares in the company." "
Last year, they disposed PM Securities for RM90M. So the company is now clean and cash rich..will KKP now restructure the whole group now its easier? Including the sale of block of shares of 68.32% held by MUI?
Many parties eyeing stake in company Sources say PMH is currently in talks with several parties, including a private property developer, to sell a block of shares in the company.
“One of the plans is to take up a block in PMH as the property developer is looking to expand its business into hospitality,” a source says.
This was confirmed by PMH’s spokesperson.
“There have been parties that approached us when they learnt that we sold PM Securities,” the spokesperson tells The Edge when contacted.
This stock is hyper penny stock. b4 I can do some simple research, it flies from 13 to 22 sen now.
I will await at its IM, intermission. It has 3 weeks to issue MGO form n + another 3 weeks to ex date of MGO. Do note, This new owner is v greedy n impatient type! Seize the opportunity if it comes again at IM.
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ju2862
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Posted by ju2862 > 2024-01-11 14:35 | Report Abuse
probably need to close gap first, we monitor and see how