They are security guard directors appointed to deal with authorities to get approvals. An open secret undocumented pre condition for companies to operate in Malaysia. Wasting shareholders money.
New Melaka gov taking over and need to wait and see if the new gov gonna bail out the UNIMAL or risk kicking out 7000 students without accommodation. You do the calculation and decide.
Tuan Azri is easily considered the best brain of our generation! Given his young age now, his prestige will only continue to grow in coming years.
His unmatched achievements include: - 2020: $2.65mil Covid-19 vaccine agreement with Generex Biotechnology Corporation - 2021: RM50mil acquisition of Johnson Medical International - 2023: Youngest owner of Kuala Lumpur City Football Club
These investments are game changers and could bring good returns in the future. Will continue to long BKC, MGRC and SCIB.
BKC is under new mgt now and it needs time for the incumbent to clean up the mess. The new MD (former CFO) is a well accomplished financial guru. Mr Ku Chong Hong has extensive experience as a big 4 ex auditor with exposure to audit and assurance as well as business advisory in a broad spectrum of industries. Investors can trust his ability to turn around soon.
Just need to be patient and wait for Melaka Gov to comment on the debts and work on a plan to repay it. RM50 mil to the gov is nothing and can be settled if they want to. The question is whether they want to do it or risking 3000 students losing their accommodation at Universiti Melaka
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....
Henryjohny
914 posts
Posted by Henryjohny > 2023-03-30 09:49 | Report Abuse
need to add K at the end ..