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Another coincidence, lhdn just spared drb RM240mil tax bill last week, yesterday pos suddenly up, maybe govt indirectly want drb to bailout this pos malaysia, bcos too big to be failed.
First time see pos malaysia volume in top 10, I think the bos want to use drb fund to bailout and privatise this fund constraints loss making subsidy. That's why a big contrast on price and volume between drb and pos recently.
Cut loss today. I think it will keep dropping below 50c, then Syed Mohktar can easily privatise at low price and re-list it years later, like what happens in mmc, privatised at 6bil, relist at 25bil.
Is it possible bcos of the new ceo? I googled this the new ceo Yu previously was Asiapac executive director and the share price also drop drastically over the past 10 years.
I believe shareholders can unite and file reports with the Securities Commission and Bursa Malaysia to hold the directors, especially Dato Liew and Chin, accountable for their actions. There are numerous similarities between these individuals, including tampering with accounts and reports, as well as misappropriating company funds and assets.
Liew has played the same tactics with Annum and Ageson. It's perplexing why the Securities Commission and Bursa Malaysia still permit them to deceive investors using the same methods repeatedly.
Budget 2024 five lrt3 station resume construction worth rm4.7b, till now mrcb haven't awarded the contract. Stadium shah alam, flood mitigation project also pending....
