My trading

Why authority allowed IWC to suspend trading ?

Hiu Chee Keong
Publish date: Fri, 05 May 2017, 08:04 AM
Some of my trading

Since we already have auto stop trading system in place, why the authority allowed IWC to suspend it's trading for two days ? You can't stop trading just bcos your share price will fall, and deny traders' chance to free their cash. But apparently, they can. So, from now on, every company can follow this, and suspend their trading if there is any bad news ?

 

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1 person likes this. Showing 37 of 37 comments

Mohd Fahmi Bin Jaes

politic issue

2017-05-05 08:10

paperplane2016

welcome to Malaysia

2017-05-05 08:14

John Wick

Possibly to avoid margin call on both front for certain shareholders. Margin call on one major fall counter like yesterday is bad enough. So need to have damage control in place

2017-05-05 08:19

Hiu Chee Keong

if US market crash yesterdays, can all companies suspend their trading today so it won't fall ? Ridiculous. But anyway, i didn't have any shares in IWC.

2017-05-05 08:20

Alibabah

Yes this is totally not fair for investor. Not even chance to escape. Malaysia apa pun boleh

2017-05-05 08:20

resilient911

it is fair if they announce suspension before market open.

very ridiculous if they announce half day after market open.

2017-05-05 08:25

Hiu Chee Keong

resillien911, they suspended it b4 market open yesterday. but then, investors has been denied the chance to get out and free their cash for another counters. Also, i think reason for suspension is not strong enough, as the cancel of Bandar Malaysia deal is a fact not rumours, so they should let the market decide instead of suspension.

2017-05-05 08:33

fl888

Suspend so that their computerized trading will work in their favor by way of hedging,shortselll etc,,,,

2017-05-05 08:36

Edwardong53

Malaysia Boleh !!! Money is King !!! All foreign fund will lari lah

2017-05-05 08:47

jayalbert

hiu chee keong, u r spot on.. setting a precedent.. for 2 days somemore.. i really dislike this practice in our malaysia bolehland.. in USA, no such practice is allowed. they closed for a couple of days during Sept 11 strike, that's all.. not like IWCITY's case one..

2017-05-05 08:49

Op3rs

to prevent margin calls for VIPs

2017-05-05 09:01

stncws

avoid someone jump from building, sc is good..hmmmmmmm!

2017-05-05 09:30

Equityengineer

Well, there is dispute between cancelation statement by TRX and IWH. So trading is suspended to make clear of the isssue. Why trade in uncertainty. When the proposed merger occurred between IWH -IWC they did suspend. So the involved party is directly linked and suspend is needed. It's not because of counter limit down or up art the opening.

Investing comes with risk ..

2017-05-05 10:19

yktay1

The drop will be much worse due to the suspension

2017-05-05 11:36

gohkimhock

There is no transparency. They just need to protect somebody.

2017-05-05 11:57

jayalbert

yes transparency issue n selective decision making.. n that my fren is what's troubling our beloved country. we cud have been like south korea n singapore, progressing economically n financially; but we r not.. bcz of leakages n many other issues. our country cud be better managed..

2017-05-05 12:00

i7trader

Yes, since they called the suspension. somehow if they do not have good reason on this weekend, the drop is much more serious. Risky move.

2017-05-05 12:11

jaynetan

equityengineer opinion proffessional

2017-05-05 12:30

bjgdila123

monday sure jatuh bedebub ramai retailers .....sangkut

2017-05-05 12:37

Hiu Chee Keong

News said china has seen representatives to disciss with government about the cancelation.

2017-05-05 13:01

SharehlderOppression

If SC were really doing their jobs
They would take a look into Anzo
Even an idiot can tell there is blatant manipulation going on

2017-05-05 15:21

noah

The request for suspension is made under subparagraph 3.1(a)(ii) of Practice Note 2 on Requests for Suspension of the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pursuant to the receipt of a letter from Iskandar Waterfront Holdings Sdn. Bhd., who is the major shareholder of IWC, informing the Company of its intention to undertake a restructuring exercise, which involves the Company.

2017-05-05 15:50

noah

FUNNY thing is they are suspending the trading due to some old news, which is unrelated at all with current news.
Coz they have totally NO GROUND to suspend the trading at all, and furthermore for 2 FREAKING DAYS.

Come on, what type of announcement you make need 2 days time?

Even Icon and UMWOG breakup oso in 1 day time.

2017-05-05 15:52

MG9231

History in the past shows that the more he manipulator try to suspense the listing, seller will dump at what ever price available when listing resume.

2017-05-05 15:55

noah

Malaysia is a land where everyone oso tutup mata if you got the connection.

For eg when a substantial shareholders buy or sell shares and delay in reporting it to the company, and you complain to SC, they will tell you its Bursa Malaysia's job since the old law regarding changes in substantial shareholding had been abolished.

So basically when you are a majority shareholder and you buy or sell shares without declaring, it is no longer violating the law, it is just violating Bursa Malaysia's listing regulation, where there is NO JURISDICTION power at all.

2017-05-05 15:55

Hua Joshuaayoung

dun worry la... this weekend IWH CREC will announce they have paid 60% upfront..to MoF ....so no worry ok... Malaysia boleh!

2017-05-05 18:54

pakatan_harapan2

Is somebody mean Lim Kang Hoo? Vote Pakatan to proof BN unfair.

Posted by gohkimhock > May 5, 2017 11:57 AM | Report Abuse
There is no transparency. They just need to protect somebody.

2017-05-05 19:22

没怎么读到书的市集人

It means author knows nothing about Bursa listing requirement

2017-05-05 23:05

pussycats

very sad in bolehland anything can happens.

2017-05-06 01:11

Apollo Ang

suspend to check who own IWCity stocks,then they release news....hahaha, remember cds got spy....hahaha

2017-05-06 01:17

Apollo Ang

IWH consortium rebutted claims it had failed to pay,so where the money gone to????....IWCity didn't issue statement to extend suspension pending investigation ar? hahaha

2017-05-06 01:21

stockmanmy

donation

2017-05-06 01:22

Ryan88

Just to protect iwcity main shareholders. To reduce their damages

2017-05-06 01:31

VenFx

No different to a kid who wish to has a sugar daddy to spoon feed her.
Best avoid this kind of counter.

2017-05-06 01:38

musketeer88

Nah! Every PLC pending material announcement can opt for suspension.

2017-05-06 16:24

speakup

TRIPLE limit down next week?

2017-05-06 17:58

8u29song

the $$ is used to goreng....goreng itu iwh sampai 450 !!!

itu siapa kasi cucuk ???

2017-05-06 18:23

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