Dark harns also smart................ buy one account need to report SC when become substantial.............. so they pump cash in holding company and proxy to buy cheap billion company....................
Forced selling is nothing to do with company being good or bad. Is the bank which force the borrower to sell in order to bring the loan equity ratio back to an agreed level.
Logic question for you to digest... Awang owns so many listed companies shares, why the force selling only at serbak ? is it a real force selling or reason given to unload shares to avoid panic in the market due to director selling ?
Awang force selling just a starter for you to warm up stomach. if his buddy trigger force selling, the volume will be a big impact to market.. If true , that will be the main course of the force selling...
"On behalf of the Board of Directors (“Board”), we wish to announce the following additional information in relation to the aforesaid matter as requested by Bursa Malaysia Securities Berhad (“Bursa Securities”), as follows:
Frequency of the progress update to the Independent Non-Executive Director"
The word used "as requested by Bursa Malaysia Securities Berhad (“Bursa Securities”)"
What this means, SIR is already out MORE THAN 2 WEEKS already and Bursa/SC has it.
And Johan "New INED" went on air to say that stern action will be taken against SD, IF ANY! So far, no action taken. No disclosure in Bursa Announcement.
The entire BOD of SD is still out and about, walking in streets. Where are the arrests? Where is the suspension of SD?
Don't tell us that its coming ya, a strong case of fraud and lies must be dealt with immediately.
. KPMG supposed to audit results for ending 31/3/2021. In practice, usually takes 2-3 weeks to close and prepare the financials, including consolidation.
KPMG come in to audit on 3rd week of April and by 1st week of May, stop work due to the issues. That about 2 weeks of audit!
Realistically, 2 weeks is not enough to audit a company the size of SD.
Yeap, Stop work after 2 weeks. Don't think that is sufficient time to decide to stop work and obtain sufficient audit evidence.
Bursa/SC has to decide what to do with KPMG and that is why more than 2 weeks already the SIR not announced.
What is Bursa/SC doing? Trying to find how to weasel out of this issue? Trying to decide how to deal with KPMG? How to say sorry to SD?
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
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!
MQ Trader 704 views | 3 d ago
0:17
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 675 views | 7 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace 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....
InterFund
1,777 posts
Posted by InterFund > 2021-09-08 21:58 | Report Abuse
Dark harns also smart................ buy one account need to report SC when become substantial.............. so they pump cash in holding company and proxy to buy cheap billion company....................