The OR has ceased trading. Company is waiting for holders of original rights to subscribe for the new shares at 22 sen and get one free warrant. Last day of payment is 27/9/21. Ironically, the mother share is now trading at 18.5 sen. Would you subscribe? Is there any logic?
BOD should be revamped and trimmed. U dun need a director to oversee a precast subsiardy. 1 GM is sufficient. Even the property division in Sarawak had been handled well by a single GM. Those old guards fr. Mulpha , now the minority, should be replaced. I hope, theTaiwanese owner can read this comment
On 22nd Oct., Mudajaya has successfully redeemed USD25m of its MTN at 7% interest due on 28th Dec. By redeeming its loan early by 66 days mudajaya enjoys an interest saving of 25m x 4.13 x 7% all divided by 365 days x 66 days is RM1.3m The company under the new boss Jerry Kuo now control 57% stake is versatile and visionary.
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