Posted by superspeculator > 2015-04-09 22:29 | Report Abuse

RM45 mil is just a small sum for him. If he can declare 10 sen special dividend for mkland, he will be getting enough money to pay back half of the claim amount.

Posted by daizan55 > 2015-04-09 22:34 | Report Abuse

Also not sure if they will able to extract that RM45 million from kasi since he is not doing much business in Australia. Most likely it will be settled outside of court. Maybe Kasi will ask for higher dividend for MKland shares if he has to pay off that debt :)

Posted by xiaoqiang > 2015-04-09 22:44 | Report Abuse

MK Land director faces bankruptcy - The Rakyat Post - The Rakyat Post - http://www.therakyatpost.com/business/2015/04/09/mk-land-director-faces-bankruptcy/

Posted by xiaoqiang > 2015-04-09 22:44 | Report Abuse

Any advice? Me buy last few days ago..should sell or keep tomolo?

Posted by xiaoqiang > 2015-04-09 22:45 | Report Abuse

Pls advice senior here..tonite cant zzz liao..scare ler..me sailang this ctr

Posted by beso > 2015-04-09 23:38 | Report Abuse

tomorrow at least drop 10%

Posted by m8829 > 2015-04-10 00:48 | Report Abuse

This is what i was warning about. Now hang on while the price drops 20-30% over the coming week

Posted by superspeculator > 2015-04-10 01:45 | Report Abuse

Good for us all! When kasi needs money to pay off his debts, he could declare special dividend for mkland!!! Special dividend show time for mkland!!!!!!

Posted by nickyeo55 > 2015-04-10 02:07 | Report Abuse

No need to get panic at all. Just wait n c. Who know there is someone who is interested to buy the share from Kasi so that he can become major shareholder.

Posted by daizan55 > 2015-04-10 08:17 | Report Abuse

$16 million is chicken feet for him. Mr Kasi Palaniappan is a former architect and university professor who had assets valued at $US127 million ($165 million) in 2006, according to Forbes

Also, it is unclear if an Australian court will be able to retrieve the outstanding debt from an overseas jurisdictio

Posted by dragonking > 2015-04-10 08:35 | Report Abuse

Dunt worry,,,if he sell more,,,we buy,,,whats wrong in exchanging sen for future dollar...

Posted by nemesis > 2015-04-10 08:50 | Report Abuse

what a craziest joke in town...Who are trying to spread rumour and fear among Mkland comrades here...I am totally unfazed by tis funny news...what is tat tiny little 45 million to Datuk Kasi??? Anywhere if he start disposing his stake in Mkland we all will grab his shares...Pls note tat those who sell later out of panic will surely regret later....WHAT IS TAT 45 million compare to the 1.6 billion land value of Damansara Perdana own by Mkland!!!! Even Datuk Kasi have tat amount to fork out to pay tat lawsuit claim...I am not at all worry about tis nonsense news...Mkland shall prevail and charge ahead today will surely close at 0.46 later....

Posted by nemesis > 2015-04-10 08:58 | Report Abuse

Who knows they intentionally come out wit tis bankruptcy news to scare u so tat u will sell ur share at cheap price....Pls also notet tis news came out after Mkland started to move yty;;;;It sounds fishy and misleading and spooky...Dun worry Mkland will start to charge back to 0.50 soon...

Posted by nemesis > 2015-04-10 09:08 | Report Abuse

As u can see demand is more than supply so Mkland will rebound strongly later....I am not selling even a single share in Mkland....

Posted by investor88 > 2015-04-10 09:09 | Report Abuse

thats the reason why he got kicked out from the top management position few years back. Mustapha knew about this all along and he made the right decision to get rid of the black sheep. So the prospect of this company should be better under the new management.

Posted by nemesis > 2015-04-10 09:33 | Report Abuse

Ya now i see why two of them had a dispute last time and the reason why kasi disposed his stake in Mkland...So tis news has nothing to do with Mkland and its future prospect...Datuk Kas is on his own!!! Just sell all his Mk shares at cheap price so that all of us can enjoy tat...

Posted by Hustle > 2015-04-10 14:10 | Report Abuse

Huh kasi lu mampoi?

Posted by Lewis Lee > 2015-04-10 15:40 | Report Abuse

Need to be very careful to check whether Kasi started to dispose his shares by millions everyday, if yes, be careful !!
I read the news again and it says his property in Australia has already been auctioned off and now they are suing him for the balance (around 44 millions) due to his personal guarantee !
I understand that Australian judgment can be enforced in Malaysia due to both country has this mutual international law regarding debt collection. meaning the Australian Bank can make him bankrupt in Malaysia if he did not pay up the debt !!
Let's do the math, RM44 millions will be equal to around 100 millions MK Land share at price of 0.44 (100,000,000 x 0.44) ...
meaning in worst case scenario, he just needed to sell off at least 100 millions share in MK Land to pay off the debt.
Of course this major share-holder's crisis can be opportunity for other to wallop his share at dirt cheap price ! Nemesis could be the next major shareholder ?? haha

Posted by Lewis Lee > 2015-04-10 15:47 | Report Abuse

BUT ... The problem is ... few years back Kasi already started to sell off 100 millions MK Land share, even before this bankruptcy news come out !
Seems like he could have screwed up in other projects / other financial problems we do not know ?!
The question is :- How bad the deep shit is Kasi currently in ? any other failure in business venture etc ??

Posted by daizan55 > 2015-04-10 23:21 | Report Abuse

stock price unchanged today

Posted by m8829 > 2015-04-10 23:48 | Report Abuse

Dont kid yourselves, this counter will see a sharp correction.

Posted by Ah guuuu > 2015-04-11 00:18 | Report Abuse

Kasi?? I only know Kasi the price naik kuat kuat......haha

Posted by steveooikp > 2015-04-11 10:51 | Report Abuse

43 sen.... can buy? I hv some at 48 sen.... aldy collected 3 sen div. So cost is 45 sen

Posted by daizan55 > 2015-04-11 11:18 | Report Abuse

@steve: If u r interested in dividends, the answer is yes. For share price appreciation, u have to wait a bit like what has been explained by nemesis

Posted by Panglima > 2015-04-11 11:32 | Report Abuse

buying land and collect some pocket money don't hold this land sooo long....

Posted by nemesis > 2015-04-11 20:27 | Report Abuse

one thing for sure IF Kasi wanna dispose his shares, he will surely ramp up Mkland share prices first so that he could dispose at higher price...To me Kasi is Non- existent in Mkland since its business is fully controlled by Mustapha's family so Kasi is just a mere big shareholder only as he doesn't manage Mkland anymore as Mustapha already kicked him out...So whether he declare bankruptcy or not will not affect Mkland as Mustapha kamal is in full control with a controlling stake of almost 40% in Mkland...Never expect Kasi to sell u cheap as he is not tat foolish...

Posted by nickyeo55 > 2015-04-12 00:21 | Report Abuse

so nemesis do u mean that Mkland will go up ? how nice if u r the player that can goreng the share upward .

Posted by nemesis > 2015-04-12 02:20 | Report Abuse

Perhaps tat explain why the volume suddenly spike up and the price started to advanced...kasi will surely dispose his shares in Mkland soon to pay for the bankruptcy notice...He will ramp it up to 0.50 again and then he will start dumping aggressively tat should succumb to selling pressure again...I really duno why they need to sell-off last friday out of panic...Tis news has nothing to do with Mkland...Kasi is on his own!!! He should sell all his stake to Mustapha kamal hence making him the single largest shareholder in Mkland with over 70% in controlling stake....

Posted by Food4Thought > 2015-04-12 23:32 | Report Abuse

Australia is one of the Commonwealth countries like Malaysia. Therefore, there is reciprocal enforcement of legal action among the commonwealth countries. Financial predicament of P. Kasi is nothing new as most of his shares are pledged to the banks as per the annual report. Market news is he may be scouting for investor for his stake in MK Land via off market deal. However, the deal has not been materialized. Mustapha Kamal also not interested as he and his nominees had controlled the company and I believe there is no further financial capability to take the company private. It is unlikely that P.Kasi will dispose of his shares in the open market unless the Bank force sell it like what happen previously. I believe there are fund managers who are interested in his stake via off market deal but it is a matter of pricing. Probably, nemesis can try to approach P.Kasi to take up his stake.

Posted by superspeculator > 2015-04-12 23:44 | Report Abuse

Don't mislead people laa. Australia is not one of the reciprocating countries under Reciprocal Enforcement of Judgment Act 1958. So even if the bank managed to obtain a judgment against him and he has no assets in Australia, the aussie bank cannot come to Malaysia and recoup back what is owed in aussie.
http://www.agc.gov.my/Akta/Vol.%202/Act%2099.pdf

Posted by superspeculator > 2015-04-12 23:45 | Report Abuse

Kasi and his money in Malaysia are perfectly safe!

Posted by Food4Thought > 2015-04-13 08:28 | Report Abuse

S_Speculator, It is not my intention to speculate & mislead but merely sharing of info. If I am wrong, I stand to be corrected as I am not a lawyer. Anyhow, I do not think a prudent businessman wants to be made bankrupt in any of the country as this affects his integrity.

Posted by nemesis > 2015-04-13 10:02 | Report Abuse

No matter what i am just interested to buy Mkland at lelong price...Anything tat is below 0.40 is a good price...So i am waiting for it to plunge hoping that tis case will cause bad sentiment to MK shares...I am waiting!!!!

Posted by Anthonyloh > 2015-04-13 10:14 | Report Abuse

even Kasi become bankruptcy, Mkland still will stable, if you don't know why, then you need to learn more about share market investment.

Posted by nickyeo55 > 2015-04-13 11:04 | Report Abuse

Anthony agree with u. Kasi facing problem may give opportunity for a new party to come in. In fact most likely is good for MKLAND

Posted by nemesis > 2015-04-13 11:28 | Report Abuse

Why not all of us here group together and combine force and resources to buy up Kasi's 19% in Mkland....

Posted by nemesis > 2015-04-13 11:31 | Report Abuse

After we scoop up Kasi stake we combine to form syndicate group to goreng Mkland to 1.00...How about tat huh!

Posted by Flylikeg6 > 2015-04-13 11:49 | Report Abuse

Yea lets takeover Mkland you suggest? Lol anyway mk land's land bank is just way bigger than the amount in aus... Just don't worry

Posted by MYSCHN > 2015-04-13 15:02 | Report Abuse

nemesis you kind of idiot, u how much you need to buy all the share of him???

Posted by nemesis > 2015-04-13 15:20 | Report Abuse

Hey iidiott u think i am stupid ahh or u think i am weak in my calculation...Of course lah i know it takes a huge huge amount to buy up his shares...I am just joking dun be so serious my fren...

Posted by Mag Newbie > 2015-04-14 14:58 | Report Abuse

the engine finally started or just a fake one?

Posted by nemesis > 2015-04-14 15:42 | Report Abuse

kasi starts disposing i guess...

Posted by kktom > 2015-04-14 16:05 | Report Abuse

these is another show.Remember few days ago it goes up .45cts.volume n buying rate was high like now .Tomorrow it will quiet down again.Otherwise someone has some initiative to push it up.Wait n see

Posted by daizan55 > 2015-04-14 16:19 | Report Abuse

kasi pushing up the share price :)

Posted by LaoLiu > 2015-04-14 16:40 | Report Abuse

Gonna agree, this counter is slow and steady win the race, can accumulate.

Posted by berkshire168 > 2015-04-14 18:06 | Report Abuse

kasi dont have to dispose his share to settle the aus's case

Posted by daizan55 > 2015-04-15 09:05 | Report Abuse

like what nemesis has predicted, kasi is pushing up the share

Posted by nickyeo55 > 2015-04-15 09:21 | Report Abuse

HAHA how do u know is KASI ? If he is block already can he still have the $$$$ ?

Posted by daizan55 > 2015-04-15 09:28 | Report Abuse

He is only bankrupt in Australia

Posted by nickyeo55 > 2015-04-15 09:34 | Report Abuse

hopefully he is not the one behind today show