Bursa report as 9/4/2013:kl high court winding-up petition by ambank bhd to saag (respondent).you are adviced to read the full attachedment at www.bursamalaysia.com
Company is being liquidated . The only hope that is that they can somehow take out the few operational company from the listed parent and leave themselves with a shell company (listed vehicle) which can then be sold. Empty shells in Hong Kong can still fetch upwards of 10 mil. This is what you call a backdrop listing
From a CF perspective. The company must do one thing and do it fast. They must take out all subsidiaries out from the main listing vehicle which will then remain as a shell to be sold. All the subsidiaries are being liquidated now and it will be hard to avoid delisiting if they are under the listed vehicle. The empty listing shell can still fetch a premium when it is sold.
There are at present over 1,400 comments on PM Corp Forum.. Please read CAREFULLY all the comments listed. It will be a lesson in learning how to choose Good Shares And Avoid bad ones like SAAG.
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yifie_911
1,581 posts
Posted by yifie_911 > 2013-03-29 20:26 | Report Abuse
how many lots u are holding, dingding?