The Board of Directors of Malton Berhad ("Malton" or "Company") wishes to announce that, all of the ordinary resolutions set out in the Notice of Extraordinary General Meeting of the Company dated 15 August 2019, were approved at the Extraordinary General Meeting of the Company held today, 30 August 2019.
The voting in respect of all of the ordinary resolutions tabled was carried out by poll and the results were validated by Sharepolls Sdn Bhd, the Independent Scrutineer for the said meeting.
The details of the polling results are set out below.
Malton still has 1.1 billion unbilled sales to turn into huge profit soon...next 3 years to come financial result gonna be very strong...at 0.49 it is really undervalued
So the question everyone is asking is are they gonna maintain 2 sen first n Final dividend for financial year 2019 or reduce to 1.5 sen since net profit is reduced compared to last year...Coming years Malton Net gearing will be reducing close to Zero after its disposal of 0.49 stake in Pavillion 2 Bukit Jalil...Improved balance sheet coupled with increased net profit n good prospect of the success of Pavillion Brand should put Malton on the radar screen next year...
Malton divest Pavilion already greatly alleviate financial burden to build up the mall at cost which only able to commecial operate in 2021. The divestment mall also monetize the mall prematurely as the mall already in progress up to 42% now.
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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....
Foogo90
121 posts
Posted by Foogo90 > 2019-07-18 19:13 | Report Abuse
52 sen