hellooooo, just buy few hundred only, if rebound, company still listing, back to 0.020-0.030, u can earn 100%++, u consider like playing a bet at genting lo
In the Bursa Securities’s letter, Bursa Securities informed that:
(a) the trading in the securities of the Company will be suspended with effect from 2 May 2017;
(b) the securities of the Company will be de-listed on 4 May 2017 unless an appeal against the de-listing is submitted to Bursa Securities on or before 28 April 2017 (“the Appeal Timeframe”). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities;
Bursa Securities on or before 28 April 2017 (“the Appeal Timeframe”). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities;
We refer to the announcement made on 20 April 2017 where Bursa Malaysia Securities Berhad (“Bursa Securities”) issued the letter of suspension and de-listing of the securities of Perwaja from Bursa Securities.
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.
This announcement is dated 28 April 2017.
Announcement Info Company Name PERWAJA HOLDINGS BERHAD Stock Name PERWAJA Date Announced 28 Apr 2017 Category General Announcement for PLC Reference Number GA1-28042017-00131
So now the rumour that a last minute announcement by the management of Perwaja to avoid delisting has turned out to be true. Submission of appeal by today 28 April ensures that the shares of Perwaja - mother, LA and WA - will continue beyond 5 May 2017. Surely insiders have known of this and formed buying queues this whole week. Such extensions have happened before (e.g. last March) and even without operation and major business for 4 years Perwaja has remain listed. Perwaja has a highly valuable asset in the strategic industry of steel so its rather large electricity and LNG debts with TNB and Petronas, could be easily absorbed by a willing buyer or creditor. That could happen if all negotiating parties agree to the terms and conditions. So maybe a white knight is ready to rescue Perwaja. Maybe a Tony Fernandes of Perwaja is already on the cards - willing to buy it for cheap and absorb the debts. Perwaja is too precious to fail. Even the sale price of its Kemaman plant as besi buruk to a besi buruk trader will raise up more capital than its present market capitalisation. So, expect a u-turn in prices next week. Is it a coincidence that one of i3's respected and infuential heavyweight just appeared at the last minute with u-turn comments of Perwaja shares being useless toilet paper to useful toilet paper?
" the rumour that a last minute announcement by the management of Perwaja to avoid delisting has turned out to be true. Submission of appeal by today 28 April ensures that the shares of Perwaja - mother, LA and WA - will continue beyond 5 May 2017."
Last minutes annoucement , yes it is true
But the annoucement not say that will continue, "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. "
"The removal of the securities of Perwaja from Bursa Securities on 4 May 2017 shall be deferred pending the decision on the Appeal. ""
(a) the trading in the securities of the Company will be suspended with effect from 2 May 2017; and (b) the securities of the Company will be de-listed on 4 May 2017 unless an appeal against the de-listing is submitted to Bursa Securities on or before 28 April 2017 (“the Appeal Timeframe”). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.
after suspend,the insiders will see who hold a lot,if their cronies holding a lot they will inject something and revive the company, if retails holding a lot they will delist the company.this type of game is control or not? up to u people to think
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.
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....
Gn021
566 posts
Posted by Gn021 > 2017-04-28 14:57 | Report Abuse
insider tradinggggggggggggggggggggg, still got many ppl buying, i think must be some insider news