Owners sold shares fast fast??? Directors still can get good salary even though company loss $$$? It's all from share owners who feed those useless directors????
the group ceo has disposed shares in lots od quantity..probably before announcement of shares reduction. SC should investigate..grey marketor illegal tradung
148mln shares disposed off via off market. This is more than 15%. No new substantial shareholders have surfaced. Selling such a large block by controlling shareholders is not a good development.
Any change of the controlling shareholder can't be a bad news. This counter seems to be much unappreciated and hence undervalued. It's net asset per share alone is 56 sen. Mind you, most of the assets are lands obtained from the land reclamation jobs.
No worry. Net asset, which consists mainly sea fronting lands, per share is 56 sen. On top more reclaimed land yet to be recognized as revenue. It worth nothing that the company has relatively very little total borrowings, less than RM 100 m only. Any change in shareholders will definitely not a bad thing. Just be patient.
LSH sold 20% of his controlling stakes to whom no body know at what price also no body know & now propose Private placement 20 % . weird loh! Something is not right
BOD shd sell reclaimed lands or propose Right issue or borrow from Bank to raise cash flow instead of PP shares. Hope shareholders reject this PP shares.
The Company had obtained the approval from its shareholders at its 15 th Annual General Meeting (“AGM”) convened on 18 May 2021, whereby pursuant to Sections 75 and 76 of the Act, the Board had been authorised to allot and issue new Benalec Shares provided that the aggregate number of new Benalec Shares to be issued does not exceed 20%* of the total number of issued Shares at the time of the issue (excluding treasury shares) (“20% General Mandate”)
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koyokui
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Posted by koyokui > 2021-09-01 10:19 | Report Abuse
Buy indek turn green again