suspension and delisting?? are they using scare tactics again to collect cheap.Only people with inside news will know the eventual outcome.do not buy high risk
We refer to the Company’s First Announcement dated 26 February 2013 and the announcement made on 27 May 2013 pursuant to Paragraph 4.1(b) of PN17.
We also refer to the Company’s announcement made on 2 January 2014. Further to the said announcement, the Board of Directors of PM CAP wishes to inform that despite trying its best to seek opportunities and options, including discussions with potential white knight, the Company is at this point of time not optimistic of being able to submit a Regularisation Plan to the relevant authorities for approval on or before the deadline of 25 February 2014. In the event the Company fails to submit a Regularisation Plan to the relevant authorities for approval by 25 February 2014:
1) The trading of the Company's securities will be suspended on the next market day after five (5) market days from the date of notification of suspension by Bursa Securities; and
2) Bursa Securities will de-list the Company's securities subject to the Company's right to appeal against the de-listing.
Notwithstanding the above, the Company will in the meantime continue to explore other opportunities and options that may be available to regularise the Company’s financial condition. Any further development on the Regularisation Plan will be announced in due course. This announcement is dated 4 February 2014.
I posted in Mui Berhad Forum on 19th February 2014 that there is a possibility that PM Capital might be delisted. I have always told long term investors to stick to PM Corp, Mui Berhad & Mui Properties
Lion Corp is in flat steel which is badly affected by China steel dumping. So better switch to long steel player like southern steel. Long steel is used in mrt pillar - perfect for high speed railway lines
Appeal today 11/4 and suspended on 14/4/2014.....Any dare devils dare to try ? Except the co itself whom knows in n out....or chances to take private much easier this time around?
Learn from the lesson, never invested in the counter which fell under pn17.
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Posted by stncws > 2014-01-14 11:30 | Report Abuse
pmhldg got movement today, could be short play, or could be RIP for pm group after 40 years in business.