Even without winning the NIIS fair value of the company is at 0.62sen. Steady income and business. I think "somebody" does not want CBB at the helm. He and his group has to let go of Dsonic. Dia bukan CBT, dia bayar saja .. as you know la in Malaysia where got "free"...
The incoming business must be huge, that CBB will not be allowed to helm Dsonic. A lot of big IT project circulating in Malaysia now. Even after awarded it cannot be done by a sole company or entity.
if you dont know.. now you know..
# Justmy2cents 18/03/2021 2:11 PM
Reason why a lot big company move out from the country to another betterment.
In order to get something you need to donate something. Nothing is free.
i think they coming up with declaration about the case will not affect dsonic blah blah blah. will gap up open later. See the buying force eating 0.56 then you know!
DATASONIC GROUP BERHAD (“DATASONIC” OR “THE COMPANY”) CLARIFICATION ON THE NEWS ARTICLES ENTITLED: “OFFSHORE COMPANY FIRST TO BE CHARGED UNDER MACC’S NEW LAW” The Company refer to the news article entitled “Offshore Company first to be charged under MACC’s new law” which appeared on TheEdgeMarkets.com on Thursday, 18 March 2021. The Board of Directors (“Board”) of Datasonic wishes to announce that our Deputy Managing Director, Mr Chew Ben Ben, who is a former Director of Pristine Offshore Sdn Bhd, where he holds 49% interest in this private investment company, which is a separate legal entity of Datasonic, is being charged by the Malaysia Anti-Corruption Commission (“MACC”) under Section 16(b)(A) of the MACC Act, 2009 for allegedly paid a bribe of RM321,350 between 29 June 2020 to 14 October 2020 in relation to a sub-contract for ship chartering for oil mining work. Mr Chew has pleaded not guilty to the charge and is already on bail and back to work in office now to assume his duties and responsibilities as Deputy Managing Director of Datasonic. The trial shall take a long process until all legal processes have been completed with a final decision from the court. The Board wishes to state that:- 1. Datasonic and its subsidiaries (“Datasonic Group”) are not involved in the said subcontracting whatsoever, either directly or indirectly. Neither the Company has benefited in whatever form from the said workboat chartering accommodation business. 2. The abovementioned charge is strictly related to Mr Chew’s private investment company, in workboat chartering accommodation business which is not related to any of Datasonic’s businesses. 3. It is business as usual at Datasonic Group. The business operations are not affected and are running as usual in Datasonic Group. The Company will make the necessary announcements to Bursa Malaysia Securities Berhad as and when there are further developments in relation thereof. This announcement is dated 18 March 2021
Imagine operator collected since october until now. Yesterday was first day to push up the price and today got bad news make their plan U-turn. With such huge volume of RSS. i think operator will eat up all the shares and let the RSS to chase high to recover position
The Board wishes to state that:- 1. Datasonic and its subsidiaries (“Datasonic Group”) are not involved in the said subcontracting whatsoever, either directly or indirectly.
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....
iamismail
947 posts
Posted by iamismail > 2021-03-18 14:21 | Report Abuse
Yes buy the company,
Company Business As Usual...
Everything will move on...