Gn021, you are right, delisting on 4 May is is dependent on the result of the appeal. Expected to be deferred as the appeal managed to be made at the last minute. So in the mean time expect the goreng of Perwaja stocks tomorrow and the days of the week. Surely, major shareholders and cronies hold the bulk of the shares, as retail and minority shareholders are by definition in the minority. So, it's in the best interest of the owners to revive Perwaja. As I've said before Perwaja is too precious to fail. Yes, it has been failing for so many years. And no doubt it's a pet project of the previous administration. Najib Razak could let it continue to fail but remember that he practises the politics of engagement and thus at times very accommodating in order to be better than the enemy and win the heart and soul of the rakyat. Perwaja steel is one of the few heavy industries in the east coast, especially Terengganu. It has the chance to contribute to the development of the East Coast - with ECER and ECRL multibillion ringgit projects. The pie for the steel industry in Malaysia is big enough for a few steel players to coexist, including Perwaja. Especially now with the tight regulations by the Chinese government to control the steel industry and the steps taken by the Malaysian government to limit cheap Chinese steel imports. Reviving Perwaja is a good election play for Najib and BN. So this is the golden chance for cronies and white knights to come to the rescue and perform a turnaround. Hence, Perwaja shares will change from useless toilet paper to useful tissue paper, or even precious gold sheets. Stampede for Perwaja shares tomorrow?
If anyone cared to read my past postings about this company and just listened, they would not regret. My deep throat told me it will be delisted eventually. Even if it is temporarily delayed in delisting as a result of appeal, be the first to run now. It is your choice finally.
Self denial syndrome ...a good description. Creditor debts of RM2.5b need to be settled first, also hutang a lot to EPF, unpaid salaries of thousand of staff. Last to settle are shareholders under liquidation law. With assets of their old junks of machines and low value factory land, shareholders can only day dream to get back their investment lah..
On behalf of the Board of Directors of the Company, M&A Securities Sdn Bhd wishes to announce that it had on 28 April 2017 submitted an appeal against the de-listing to Bursa Securities (“Appeal”). The removal of the securities of Perwaja from Bursa Securities on 4 May 2017 shall be deferred pending the decision on the Appeal.
De-Listing of Perwaja Holdings Berhad 25 May 2017, 18:46 De-Listing of Perwaja Holdings Berhad De-Listing of Perwaja Holdings Berhad ILC-25052017-00014 Bursa Malaysia Securities Berhad (Bursa Securities) had dismissed Perwaja Holdings Berhad?s appeal for an extension of time to submit the regularisation plan to the relevant authorities for approval and decided to de-list the Company pursuant to paragraph 8.04 of the Bursa Securities Main Market Listing Requirements. In the circumstances, the securities of the Company will be removed from the Official List of Bursa Securities on Tuesday, 30 May 2017. Effect of De-listing from the Official List of Bursa Securities With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the company?s securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from B
kinsteal should follow suit cos sama bangsa.loss until jadi tulang yet bursa give chance after chance.should have delisted long ago. another one is hubline,how on earth sc can approve their rights issue? rights issue ambil sikit not enough to pay bank 20% also,how gonna survive?
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....