Does anyone know who are the lawyers interested in taking the case on behalf of the shareholders against PROLINTAS in relation to the 1.6 billion corruption case.
If PROLINTAS does not disclose MACC investigation in the listing prospectus, it tantamount to NON DISCLOSURE OF MATERIAL INFORMATION, shareholders can initiate legal action against PROLINTAS.
Can someone confirm that MACC investigation is not disclosed in the listing prospectus.
Permodalan Nasional Bhd's (PNB) business trust Prolintas Infra Business Trust is expected to pay out a total dividend of RM70 million for the financial year ending Dec 31, 2024 (FY2024), said Projek Lintasan Kota Holdings Sdn Bhd chief executive officer Datuk Mohammad Azlan Abdullah.
This translates into 6.3 sen per unit based on 1.1 billion units.
Based on the initial public offering (IPO) price of 95 sen per share, the implied dividend yield is about 6.63% for FY2024.
Question " when MACC commenced investigation against Prolintas CEO and others had been posted " to its new CEO. Awaiting his reply.
If MACC investigation is before listing and not highlighted in Listing Prospectus, shareholders can initiate legal action on ground NON DISCLOSURE OF MATERIAL INFORMATION and NON COMPLIANCE OF LISTING REQUIREMENT.
PLKH has fully accepted the moratorium. It is not allowed to sell, transfer or assign any part of its holding in the Units as at the date of the Listing for a period of six months from the date of Listing. The direct shareholders of PLKH, namely PNB and ASB, are not allowed to sell, transfer or assign their entire shareholdings in in PLKH for a period of six months from the date of Listing.
PROLINTAS reply to my email : when MACC initiate investigation against Prolintas :
We would like to inform you that the Malaysian Anti-Corruption Commission (MACC) has initiated an investigation into a possible breach of power related to the SUKE construction project on Monday, 24 June 2024. Please note that the SUKE construction project is not part of Prolintas Business Trust.
12.9 DISTRIBUTIONS Subject to Applicable Laws and Requirements, the Trustee-Manager may, regardless whether there are any profits or losses, or retained earnings or accumulated losses within a given period, from time to time declare a distribution of all or such lower percentage of profits, income or other payment or returns, whether in the nature of income or capital of the Trust and which the Trustee-Manager reasonably determines to be in excess of the financial needs of the Trust (“Distribution”) in cash to the Unitholders out of the Assets in respect of such periods, of such amounts, if not on every half year, on such dates as it may think fit, subject to the distribution date, distribution period and adjustments. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ so, the distribution will be carried out tentatively on every half year, unless otherwise fixed.
the ceo interviewed on the edge last month said to distribute dividend annually. good luck to those strong hand holder. link: https://theedgemalaysia.com/node/712929
Believe it or not, We aim to pay out at least 90% of the distributable amount to unitholders annually, doesn;t mean pay once a year .... it means pay out at least 90% of the distributable amount to unitholders for every financial year
Email to PROLINTAS INFRA BUSINESS TRUST via ir@prolintas.com.my to clear your doubt and query OR you can subscribe to the company NEWSLETTER at its website.
I warn you guys before the IPO hahaha So what did you get now when you invested based on faith but ignore the financial statement? hahaha I will consider to invest when DY after tax reach 8% hahahaha discount 20% from IPO
Entitlement subject : Income Distribution Entitlement description : First Half Income Distribution of 3.18 sen per unit for Financial Year Ending 31 December 2024. Ex-Date : 02 Sep 2024 Entitlement date : 03 Sep 2024 Financial Year End : 31 Dec 2024
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....
SCUBAMALAYSIA
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Posted by SCUBAMALAYSIA > 2024-07-04 11:20 | Report Abuse
Does anyone know who are the lawyers interested in taking the case on behalf of the shareholders against PROLINTAS in relation to the 1.6 billion corruption case.