No, Sir, pls check their annual report, Perwaja was already 100% privatized, owned majority by Pheng family of Kinsteel and Maju Holding. Just like,Proton, it was 100% privatized, majority owned by Syed Mohtar. Government hold no share in them unlike MAS which government may rescue. Government has little money left to rescue private companies and Pakatan Raayat is waiting to bounce on government if these kind of bailouts are carried out.
news on the edge Sunday hardcopy, 10 Aug stating Perwaja will commence operation soon. can you validate this news with the help of your friend at Kemaman to ask Perwaja guard ?
since Kinsteel is moving up now, maybe buyer is found for Perwaja ?
Pheng Chin Guan and Pheng Yin Wah needs some money to restart Perwaja. I calculated they have just earned RM40million from trading kinstel and perwaja shares, more than enough to start Perwaja steel mills. That RM40million was donated by all the retail investors to them. Very generous la.
Topping...Massive profit taking... Pheng Chin Guan and Pheng Yin Wah are distributing their shares to you guys. So who wants to donate more money for Pheng Chin Guan and Pheng Yin Wah to restart Perwaja Kemaman steel mills? Please donate some more
Pheng Chin Guan and Pheng Yin Wah are selling to you now at 10-13cents. They bought at 16-20 cents. That is why it is crashing down now If you are generous to donate money to Pheng Chin Guan and Pheng Yin Wah, then you can buy more. Pheng Chin Guan and Pheng Yin Wah have lots of Perwaja shares to sell to you at 16cents.
Page 18 (Berita Harian 26 Ogos), kilang Perwaja tutup satu tahun, pekerja berkumpul picketing depan kilang. Mereka beritahu boss Tan Sri Pheng bayar kerja RM450 sebulan ke semua pekerja saja, potongan KWSP, pinjaman perumahan, income tax, dll, tidak bayar.
Good news is that after gaining some cash of RM40million from retail investors by playing kinstel and perwaja shares, Pheng Chin Guan and Pheng Yin Wah can utilise this RM40million to restart Perwaja steel mills at Kemaman Terengganu. It is not started yet, but will start soon.
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aliyusof
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Posted by aliyusof > 2014-06-24 18:06 | Report Abuse
No, Sir, pls check their annual report, Perwaja was already 100% privatized, owned majority by Pheng family of Kinsteel and Maju Holding. Just like,Proton, it was 100% privatized, majority owned by Syed Mohtar. Government hold no share in them unlike MAS which government may rescue. Government has little money left to rescue private companies and Pakatan Raayat is waiting to bounce on government if these kind of bailouts are carried out.