Half a year ago, Jepun was very optimistic about IW City claiming it has valuable prime lands in Johor Bahru and encouraged investors to buy. All those who had listened to him have landed in Holland.
Botak lim has very good relationship with China high profile people , he has big plan in johor already but just keep humble silent only ! Their land bank asset value will be multifold
Well, This 1589 bb is not under PN17 yet ya. Do not mistaken it is a PN17 company on Bursa. It's under regularization plan (to submit to Bursa), by due date, and it has been extending for many times. Until today, it has extended for another few months again, so, why so? So lenient meh Bursa mgmt? So, everyone know why ... Its old name was Granite? And who is one of the biggest shareholders? YouNoIknow. At the end of the day, it will be fine and walk out from this turmoil no matter how. It won't be delisted (I guess so) because it is useful to keep the listing status and public shareholders' funds are good to have in the company for company to grow and for the continue (gold mine) in the market (we know it.... $$$$). If investors have faith and believe in the big shareholder? Then fight with them for this bb. Else kindly stay out and if you love Botak Lim, go for his 8877 instead, it will give you the same result (win or loss), just that, the % gain or loss would be different nia.
Well, if it is going to be delisted? Minority shareholders will suffer, it only benefits the big shots only, the land/assets are still with the company... so big shots get the biggest piece of the cakes if it is not a public listed company.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
fl888
7,750 posts
Posted by fl888 > 2024-08-22 20:06 | Report Abuse
No need RP in view of MERGER exercise possible ?