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 It is not mandatory for the securities of a company which has been de-listed to be withdrawn from B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?
Complete stoppage of operation since Mid 2013...4 years, all machines rusted, no electricity, water or gas supply, all 2000 staff left. How to save?? Waiting lelong by banks.
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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....
CharlesT
14,786 posts
Posted by CharlesT > 2017-05-05 18:16 | Report Abuse
No need to pay debts ah?sell all assets can fully settle all their liabilities meh?