Different case. Most of its previous contracts are with extremely thin margin, some even with negative margin. Of course the management is a huge problem, but for me, the whole structure and ecosystem is weird and unprofitable. They deserve this.

雨天，to keep them in business. They got a lot of fixed assets.
For an example if you bought a motor for parcel delivery business, you gotta keep on delivering parcel despite the margin is quick low(let’s say you earn only RM 3 per trip, after all costs.) If you’re not doing any business, you’re not even earning a penny, but maintenance costs, depreciation and etc are all running !
Let me apologize at first if my illustration is not good enough.

JS, it has a lot of fixed assets,no doubt but they din generate any positive cash flow to the company..and this is post pandemic era and people are cautious on spending it will sure impact the progress of asset disposal...knowing that it is on cash strapped,people will negotiate the selling price at deep discounted price

雨天, they are waiting for oil price above 100$, but too bad I think they just ran out of time. Burning cash everyday, not sure if PNB or others GLIC will bail out, but for me, I won’t touch this kind of poor managed shyt.