Posted by Benalec > 2013-11-18 18:49 | Report Abuse

The Board of Directors of the Company wishes to announce that Benalec and Benalec Sdn. Bhd. (“BSB”) and Strategic Land Sdn. Bhd. (“SLSB”), a wholly-owned subsidiary of BSB, which in turn is a wholly-owned subsidiary of Benalec (“the Plaintiffs”) had commenced a civil suit in the Kuala Lumpur High Court on the 6 November 2013 vide Civil Suit No. 22NCVC-610-11/2013 against Datuk Leaw Tua Choon, Datuk Leaw Ah Chye, Leaw Yongene, Sunshine 2000 Sdn Bhd, Seaside Synergy Sdn Bhd, Su Seong Lin, Low Kim Yeok and Pong Kim Siew for inter alia loss and damage as well as an account for secret profits arising from the sale of certain lands to Sunshine 2000 Sdn. Bhd. and Seaside Synergy Sdn. Bhd. (“the said Lands”) and as against Datuk Leaw Tua Choon and Datuk Leaw Ah Chye, for loss and damage and an account of all secret profits, arising from the breach of their contractual, statutory, fiduciary and/or common law duties and/or obligations as Executive Directors of the Plaintiffs in respect of the said Lands.





This announcement is dated 18 November 2013.

Posted by abrahib > 2013-11-19 08:00 | Report Abuse

Be patience ,it will rebound soon.It is now below the recent flagpole price.Good to accumalate

Posted by allan88 > 2013-11-19 08:28 | Report Abuse

The company is doing the right thing to up hold integrity with legal action. Hope this is taken positively by investing community.

Posted by Helena > 2013-11-19 09:35 | Report Abuse

these court battles will take years to conclude any results ...
hopefully more positive results to boost it forward again

Posted by Muarmali > 2013-11-19 16:42 | Report Abuse

Any good news here?

Posted by wcl1988 > 2013-11-19 16:55 | Report Abuse

@muarmali
bad new ada, good news tak ada...XD

Posted by dingding > 2013-11-20 13:58 | Report Abuse

collect or stay away?

Posted by sephiroth > 2013-11-20 16:23 | Report Abuse

december deal deadline, if EIA rpt not approved, then become penny stock (below 1.00) that 2 brothers selling???

Posted by Eric Tee > 2013-11-20 16:59 | Report Abuse

when everybody going to sell somebody quietly collect it this call market. buy on rumor sold on news

Posted by Eric Tee > 2013-11-20 17:07 | Report Abuse

I think benalec should be shooting up soon

If you would go with me to study Harison past A/cs, then you will understand.

Listen Carefully Everyone. When we first bought Harison at RM1.40 we were also puzzled why Harison has wide interest in food and material distribution. Sales were good. But why so little cash profit.

Then The Real Sifu, he is here (Net worth RM30 Millions) watching us. He is Lawrence Tan. He pointed out that Harison does the donkey jobs of distributing goods into the interior of Sabah & Sarawak. Very tedious, costly and little profit, initially.

Harison trot on and on before Barisan National opens up the interiors. As the people became more richer due to oil palm, cocoa & other plantation business bloomed, Harison sales also increased. So Harison became very profitable. So price doubled from RM1.40 to RM3.04 Now.

Same for DKSH. In 2006 DKSH was below 40 cents. They were doing the same stuff like Harison but in greater quantities and wider range. I bought DKSH at 42 cents but sold too early. Stupid me, DKSH is now RM6.45. I sold for only few cents profit, then.

To be continued...

Posted by faralenz77 > 2013-11-20 19:59 | Report Abuse

die slowly....

Posted by Helena > 2013-11-21 09:21 | Report Abuse

free falling ~~ Nooooooo

Posted by dknycom > 2013-11-21 09:24 | Report Abuse

Great to buy in now...

Posted by jgoh > 2013-11-21 09:31 | Report Abuse

no ohm...

Posted by Eric Tee > 2013-11-21 09:57 | Report Abuse

Time to add more ^^

Posted by Eric Tee > 2013-11-21 10:01 | Report Abuse

brothers argue always happen in family but after sometime they will forget y last time argue and sit down for the dinner. but who try to solve their argument latest will become their enemy. or scarified in this war. hope benalec will soonest rain after the sunshine.

Posted by Muarmali > 2013-11-21 10:01 | Report Abuse

Great to buy in now? Not a falling knofe? Heading to new low le....

Posted by Jack Knight > 2013-11-21 10:01 | Report Abuse

walao wat happen?

Posted by Jack Knight > 2013-11-21 10:03 | Report Abuse

the brothers again?

Posted by Muarmali > 2013-11-21 10:09 | Report Abuse

Q at 1.03. :)))

Posted by Macibai > 2013-11-21 10:45 | Report Abuse

WHY FALL LIKE HELL?

Posted by dknycom > 2013-11-21 10:56 | Report Abuse

Start buy in rm 1

Posted by sephiroth > 2013-11-21 11:05 | Report Abuse

i think the dec deal screw up

Posted by JaniceLove > 2013-11-21 11:16 | Report Abuse

what Dec deal may I know?

Posted by faralenz77 > 2013-11-21 11:17 | Report Abuse

die slowly

Posted by wallaceboy > 2013-11-21 11:27 | Report Abuse

collect at 0.80.. yahooooo

Posted by kian_sing > 2013-11-21 11:30 | Report Abuse

die very fast.....not slowly aldy...

Posted by hotdogge > 2013-11-21 11:33 | Report Abuse

fortunately i sold at 1.13 ，deficited

Posted by feifun > 2013-11-21 11:34 | Report Abuse

opportunity to buy

Posted by sephiroth > 2013-11-21 11:36 | Report Abuse

JaniceLove, check link below. dateline 12/12

latest status
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1406337

initial announcement
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1225021

Posted by Eric Tee > 2013-11-21 11:40 | Report Abuse

buy buy buy best offer ever

Posted by messi > 2013-11-21 11:44 | Report Abuse

Wait the brothers to resolve their problems.

Posted by JimYeoh > 2013-11-21 11:45 | Report Abuse

wait to buy at 0.95

Posted by Eric Tee > 2013-11-21 11:56 | Report Abuse

argument will not resolve in one day. but year to recover.
share price drop deep will rebound anytime loss become sharp knife
happy trading

Posted by ongkey > 2013-11-21 11:58 | Report Abuse

such a good fundamental stock dropping like tht...wht going on behind scene?

Posted by charles > 2013-11-21 11:59 | Report Abuse

Unbelievable

Posted by feifun > 2013-11-21 12:00 | Report Abuse

fight among brothers, if fundamental is good then worth to buy and hold

Posted by andychucky28 > 2013-11-21 12:00 | Report Abuse

This stock die already. Wait.

Posted by dknycom > 2013-11-21 12:01 | Report Abuse

What the hell happened? Anyone who know?

Posted by sephiroth > 2013-11-21 12:02 | Report Abuse

ah ben freefall and finally penny stock status, i think mkt expecting ben cannot conclude the deal by dec

Posted by hanboon25 > 2013-11-21 12:04 | Report Abuse

Benalec: Calls for EGM to remove former executives from board. Two independent directors of Benalec Holdings want Datuk Leaw Tua Choon and Datuk Leaw Ah Chye to be removed from the board.

AND

MATERIAL LITIGATION Benalec Holdings Berhad (“Benalec” or “the Company”) Writ of Summon and Statement of Claim against Datuk Leaw Tua Choon, Datuk Leaw Ah Chye, Leaw Yongene and Citypoint Engineering Sdn. Bhd.

Posted by audacity > 2013-11-21 12:04 | Report Abuse

dropping very fast

Posted by zack_liza > 2013-11-21 12:07 | Report Abuse

time to collect...more collect before KWAP push back at 1.20 & 1.30 and above before end of this year...call buy 1.10 & below..

Posted by weechin53 > 2013-11-21 12:10 | Report Abuse

hi friends in this forum, is it wish for me to collect Banalec at this situation? mind to share what is the bottom line? tqvm

Posted by bryan_su > 2013-11-21 12:12 | Report Abuse

EOL...

Posted by Eric Tee > 2013-11-21 12:13 | Report Abuse

buy at your own risk. best try buying now

Posted by midtermtrader > 2013-11-21 12:19 | Report Abuse

Suspected two directors are disposing in open market.

Posted by andychucky28 > 2013-11-21 12:19 | Report Abuse

Entry level is 0.815

Posted by Benalec > 2013-11-21 12:19 | Report Abuse

The drop in the share price is nothing to do with the litigation and removal of the directors. I note that Wall Street also suffered set back because the Fed Government may pull back the stimulus causing market concerns. The fundamental is still intact.

Posted by 935win > 2013-11-21 12:20 | Report Abuse

why sold