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2019-06-11 23:45 | Report Abuse
2nd Top 30 shareholder Sure Bright Investment Dev. Ltd. holds 6.35% shareholdings request to change auditor And the company is owned by China man. So do you all think the company is not a China Company??
2019-06-11 23:25 | Report Abuse
Top 30 shareholders control 92.5% of the shares, left 7.5% or 156 mil shares n the market , but daily trading volume is about 50 mil shares, where the shares come from? Must be from top 30 shareholders! Right hand in left hand out. Another thing need to be careful, why change auditor? If they change to big 4 to audit then is ok but it is not.
2019-06-11 23:13 | Report Abuse
gxltwsb ,I agreed with you. If we read the annual report carefully you will realise the company is run by China man and holds most of the shares or hold through nominee. The company has a capital of 93.6mil but having 85mil of cash at bank, why they need to hold so much cash. Out of 85mil, the convert 80mil in RMB, why? They should use the money to invest or buy back their own shares to increase per share earning
Stock: [LAMBO]: LAMBO GROUP BERHAD
2019-06-12 00:03 | Report Abuse
Miudaguy, the difference is that they bring in money to Malaysia to invest in Malaysia. Lambo is different, they took the money from Malaysia and invest in China, You see 80 mil. RMB