Posted by yoyo > 1 month ago | Report Abuse

any news?

Posted by xiaoeh > 1 month ago | Report Abuse

what happened suddenly to the moon?

Posted by Jerung > 1 month ago | Report Abuse

Whats the story .... hope on Bus :)

Posted by Orson Chin > 1 month ago | Report Abuse

India business sold and get back money ?

Posted by trader808 > 1 month ago | Report Abuse

1. The company has some time ago acquired Real Jade a cement company in China for RM240M of which it is still owing Rm119m including interest payment.

2. Mudajaya has a proposal and resolved to undertake a right issue together with free warrant to raise sufficient fund to pay the creditor, Real Jade.

3. The right share has been fixed at 17sen and ever since the share price has tumbled down and for several weeks has been languishing without volume at 13.5sen until this morning.

4. It is not difficult to understand why they must push up the share price to 17sen and slightly beyond in order to attract potential investors to subscribe for the right shares.

5. For any price below 17sen, no one would subscribe to the right shares and the fund raising exercise would fail and the debts will not be paid. There will be implication and consequences.
6. In my opinion, this is the reason for the sudden volume and volatility this morning.

7 There is trading opportunity but the risk is enormous.
You must hit and run to profit from it.
8. I shall refrain.
14/3/24

Posted by xiaoeh > 1 month ago | Report Abuse

Thanks Trader808
come just in time

Posted by xiaoeh > 1 month ago | Report Abuse

Btw Dear Trader808
where did you get to learn this no.2 infor ha?
mind sharing?

2. Mudajaya has a proposal and resolved to undertake a right issue together with free warrant to raise sufficient fund to pay the creditor, Real Jade.

Posted by Noni > 1 month ago | Report Abuse

Yeah, how you know is fixed at 0.17?

Posted by Bullish > 1 month ago | Report Abuse

It's already mentioned in the Multiple Proposal announcement.

But seems like no subsequent update on the RI issuance.

Posted by trader808 > 1 month ago | Report Abuse

In its filing with Bursa several months ago.
15/3/24

Posted by xiaoeh > 1 month ago | Report Abuse

Thanks Bullish and Trader808

Posted by paktua73 > 1 month ago | Report Abuse

yes agree eith Trader808

tut tut

Posted by xiaoeh > 1 month ago | Report Abuse

wah...
poem trader is here
may i know what do think abt Mudajya?
are you buying? at what price?

Posted by Solomon007 > 1 month ago | Report Abuse

RE story will develop.

Posted by ZenSen > 1 month ago | Report Abuse

My cost is 22 cents. Should I wait to rebound?

Posted by Solomon007 > 3 weeks ago | Report Abuse

New chieftain?

Posted by supersaiyan3 > 3 weeks ago | Report Abuse

trader808, thanks for the update!

What's the situation of the 4 Fxxking power plants in India?

Posted by Solomon007 > 3 weeks ago | Report Abuse

@supersaiyan3, like no accountability? Sigh...