After creating a ruckus on the 19May EGM that was sanctioned by High Court, resulting in the EGM being adjourned, the current board managed to escape from being voted out although the results was clear: 80% of votes was FOR the REMOVAL of the Directors. 

News source: 
https://www.theedgemarkets.com/article/requisitioning-shareholder-claims-nwps-board-ousted-egm
 

Price of NWP spike to 23sen after the cancellation of EGM, then was sold down to around 19sen.

This was followed by announcing new Share Issuance Scheme "SIS" ( 34.8 million ) units and private placement "PP" of ( 25.8 million ) units at RM 0.159 (!!) to ELIGIBLE DIRECTORS AND EMPLOYEES!!

Who benefitted the most?

It is obvious that the current board
(1) cancelled a legitimate EGM where they lost
(2) awarded themselves cheap share options compared to market price to either profit from market or have cheap tickets to vote against the true winner of the last EGM on 19May

Reference: 
https://klse.i3investor.com/blogs/nwpdirt/2021-05-24-story-h1565238224-After_calling_police_NWP_breakout_HIGH_What_is_going_on_Beware_of_TRAP.jsp

Now, they have no choice but to re-convene the EGM on 11 JUNE (Friday).

As a shareholder, we are duty bound to once again VOTE and make our decisions known for the benefit of NWP co. Gone are the days of shareholders being played and deceived into "kosong" MOUs that result in nothing but newsfare and attention. 

This is how to vote to save NWP from being ruined as a listed co, to save NWP from those who only use NWP as a loudspeaker for their MOUs and personal agendas.

This is the link to the announcement made to Bursa on the 11Jun EGM, please copy and paste into your browser for viewing:

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3159755

This is the link to register for the online EGM as well as the proxy forms to be submitted at least 48 hours (2 days) BEFORE the EGM:

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=20930&name=EA_GM_ATTACHMENTS
 

The registrar cut off date is 4th June which means shares that are bought latest by 2nd June and picked up by 4th June (T+2) are eligible for voting. 

We have done it the first round on 19May, let's DO IT AGAIN and make sure they have no more lame excuses or tricks to save themselves this time!! Together we surely can!! Huat ah!!

#kitajagakita
#staysafe
#saveNWP
#sayNOtoKINGofMOU