Disposal of 4,000,400 ordinary shares in the open market by RHB CAPITAL NOMINEES (TEMPATAN) SDN BHD and RHB NOMINEES (TEMPATAN) SDN BHD, PLEDGED SECURITIES ACCOUNTS FOR LOW CHEE YEN
Low Jun Lee Non-Independent Non-Executive Director Malaysian, aged 21, male Low Jun Lee was appointed as our Non-Independent Non-Executive Director on 30 April 2021. He is currently pursuing a Bachelor Degree in Banking and Finance at Monash University, Australia. Mr. Low is the son of the late Dato’ Low Chee Yen, our former Executive Deputy Chairman who was also a substantial shareholder of the Group. He does not have any conflict of interest with the Group. He does not hold any other directorships in public companies and listed issuers. He has not been convicted of any offences within the past five (5) years other than traffic offences, if any and has not been imposed of any public sanction or penalty by relevant bodies during the financial year.
i believe nothing to do with insider trading or what...just merely want to cash out & wash hand by this young chap. born in the golden spoon. company should be still healthy.
This young chap inherited bulky of shares from his late father last year. Nothing wrong for the shares disposal. He doesn't know the thing happen in the company la.
5.2 Procedures for Dealings during Closed Period [Paragraph 14.08 of the MMLR] The procedures for dealings during closed period are as follows:- (a) subject to the observance of the clearance procedures as set out in Section 5.1 of this Guidance, the director concerned must give notice of intention to deal in writing by submitting Appendix DS-1 to the Company Secretary 2 full market days prior to the dealing. Upon receipt of Appendix DS-1, the Company Secretary shall make an immediate announcement via Bursa LINK, which include the following:- (i) the director’s intention to deal in securities of Bursa Malaysia during closed period; and (ii) the director’s current holdings of securities in Bursa Malaysia whose securities are the subject of the proposed dealing; (b) the dealing can only be effected after 1 full market day from the date of the announcement; (c) the director concerned must also give notice of the dealing in writing by submitting Appendix DS-2 to the Company Secretary immediately after the dealing has occurred, i.e. not later than 5.30 p.m. on the day the dealing is executed. Upon receipt of Appendix DS-2, the Company Secretary shall make an immediate announcement via Bursa LINK within 1 full market day following the dealing, stating:- (i) the date on which the dealing occurred; (ii) the consideration for the dealing; and (iii) the number of securities involved in the dealing, both in absolute terms and as a percentage of all issued securities of that class in Bursa Malaysia; (d) the Company Secretary shall maintain a proper record of all notices received; and (e) the Company Secretary shall table a summary of dealings notified to Bursa Securities since the last Board meeting, at each meeting of the Board.
he could be ignorant of the closed period rules. still schooling mah....LOL! all those uncle aunties in the company did not educate/teach him enough i think.. wait for SC loh...
Possible of using Pwroot shares as collateral for trading shares of another company. The share price of another company jumped from the cliffs resulting margin call in Pwroot to cover the losses.
Power Root should do very well as they export to Middle East. Currently the oil boom will make Middle East people more rich and will drink more Alicafte. Futhermore at home the Felda settlers are getting richer as palm oil prices rising. They will drink more Alicafte.
Power Root should do very well as they export to Middle East. Currently the oil boom will make Middle East people more rich and will drink more Alicafte. Futhermore at home the Felda settlers are getting richer as palm oil prices rising. They will drink more Alicafte. ---------------------------------------- result wont be good. at most average.
I have been holding Power Root for about 12yrs. My cost about 60sen.Total dividen received for my 12yrs investment already more than my cost. That also exclude bonus shares n warrent.
狐狸尾巴出来了。 Push up the share price(share buy back) then dispose at higher price then exercise the ESOS with super cheaper price. Fool themMinority shareholder
ESOS is for controlling director "korek" money from public minority shareholder. Say appreaciate their super excellent service in company with cheaper ESOS price.
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....
treasurehunt
1,884 posts
Posted by treasurehunt > 2022-05-27 19:22 | Report Abuse
Director kena margin call? If not then he would be charged for insider dealing.