“The above-mentioned charge is strictly related to Mr Chew’s private investment company in the workboat chartering accommodation business, which is not related to any of Datasonic’s businesses,” it added.
Chew, the company said, has already pleaded not guilty to the charge under the Malaysian Anti-Corruption Commission (MACC) Act 2009, and is already on bail and back to work at Datasonic.
“It is business as usual at Datasonic Group. The business operations are not affected and running as usual at Datasonic Group,” it said.
Counter suspend is to prevent the share price from further sell down lah by logical reasoning . Chew Ben Ben court cases have been discounted since the news is not new and have taken a toll back several years. The new management teams may make an announcements to clarify pertaining to the on going trials that has no linkage to the current business development . I assume they just wanted to build confidence back to the minority shareholders instead of panicking selling that could subsequently drive the share price further downward and if not why did they wanted to suspend the counter by simple logic reasons ?
This is my personal opinions and l don't see any string of strong rebound when reopened and just to stabilise the price back to last Wednesday 0.60 cents range b4 the sudden spike in volume where most investors chose to overreacted by bad news . Maybe those bought cheap can make some small profits if the price stabilise . Hope for the best when suspension reopened .
Investors hate court cases especially involving big gun in a company....give bad impression about the company where the big gun is a major shareholder. Tainted reputation. So bad.
Those bought today hope to rebound and those sold out hope to down again but based on latest news and chart analysis for sure the price will going up to above 60 cent.
Stabilise is good enuf than turun bawah bukit and how can u expect it to limit up so easily ? If so easy,we can hardly see beggars on the streets begging !!!
T3 2morrow to digest the massive volume . Heavy buying and selling . Positive verses negative perception fighting one another. Next week can only see price stabilise
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....
limkokthye
6,039 posts
Posted by limkokthye > 2021-03-18 20:36 | Report Abuse
cbb mengaku bersalah, c liao