Given that the proceeds from the Proposed Private Placement of only RM960,000 is envisaged to be utilised within 9 months, to advise and state the steps to be taken to ensure the Company’s working capital is sustainable and its business operations is kept going. As described above, the Proposed Private Placement is an interim measure for the management to immediately address the working capital requirements of the Group which will contribute to its cash flow. Taking cognizance of the Group’s financial position, the Board is also studying various options, which may include amongst others, an equity fund raising proposal to be undertaken to comprehensively address the Group’s financial position.
oh no, its downtrend here but since its worth much more than its present price , who knows another furniture com. might be interesting in taking over then investor likings will be back,
As for another furniture company taking over LCheong, it is even more remote because LCheong on its own has no strong advantage that may entice others taking it over
LCheong export is only 15-20% of its revenue which itself is so little, thus to hope for USA market to stimulate LCheong shares price is akin to daylight dreaming
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2938 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
4u2c
3,553 posts
Posted by 4u2c > 2014-08-06 23:16 | Report Abuse
why EPS suddenly show 30 cts ??