EGM is to approve related party transaction. For minority shareholders, we are interested if such transaction can be beneficial in these ways: market price, earnings, prospects, reduced risks. Thus, the final analysis is to know if such transaction can be fair, reasonable and not detrimental to shareholders. Market reaction seems not favouring the purchase by Mieco as has been reflecting in the persistent declined of its market price. If it is approved, loan will increased from RM66.17 millions to RM166.21 millions or gearing up to 0.45 from 0.18. (Source from Circular to shareholders dated 30th Nov 2017 page 41)
and SYF borrowings will reduce RM60 mill and cash to increase to RM60 mill. Net effect RM120 mill and now they can concentrate to their core businesses - rubberwood furnitures and properties.
I saw an idiot cry mom here . Pitifully him, he not suppose to act cry mom cry dad from daily share price. hstha aka tecpower ... & its fake iDS HELLO !
This liar has gone insanely . Since i reveal his ill intention at ANZO when price traded at 0.300 (my previous record back earlier 3-4 monts, served as good evidences).
Stop your loser behavioral attitude ... by putting word into my mouth , u gain nothing .
i will continue to reveal for your fraud doing ... whenever is neccessary . in the time being, i3 forumers getting to know WHAT illness intention u r trying to conduct may it present or in future.
19/12/2017 18:50
x REVEAL THIS LIAR, HAS BEEN ALWAYS BRING ME LUCK :- Fake iDS created by the same idiot. (Tecpower aka Hstha )
I saw an idiot cry mom here . Pitifully him, he not suppose to act cry mom cry dad from daily share price. hstha aka tecpower ... & its at fake iDS HELLO !
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SuperPanda
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Posted by SuperPanda > 2017-12-15 00:57 | Report Abuse
mrket rebound, mieco will go up back to high, below 90 cents is a discount