Can shoot until RM1.40 soon.

tswong .... what you mean high barriers. Can give example?

Is youngest brother taking action against elder brothers.

Is time to gather the stocks at discount.

Where is crawler the legend?

The slowdown in Q1'2014 is in line with the sequence of events in litigation. It is more concern if the termination of two executive directors who involve in operations will not have any impact in short term e.g. temporary slowdown on marine construction works and reshuffling operations. Also, the Company has approximately more than RM200 million land sale in pipe lines which the SPAs have signed. Upon realisation of these land sales, the Company will remain strong with positive cash flow.

Benalec just announced that they are looking for a project engineer to be located at Johor. What it means then? The project going to start? Why wait?
http://job-search.jobstreet.com.my/malaysia/company/benalec-holdings-berhad-jobs/

When there is misfortune, there is fortune behind it. Buying share one thing, exercising your right is another thing.

U worked in Intel?

Bravo Stephen. Will you vote in the EGM?

Do you want crocked directors involved in Tanjung Piai?

CityHunter - this is not the case. The MD is already taking action against own brothers. It is painful to decide between blood brothers and regulations.

when is the AGM then? Based on my experience, it should be at least on or before date of AGM. It shall not be held after AGM. Even on the same date of AGM, the resolution for EGM must be tabled before AGM

You all have rights to sell but why not hold the shares until the date of EGM and asked them personally?

The drop in the share price is nothing to do with the litigation and removal of the directors. I note that Wall Street also suffered set back because the Fed Government may pull back the stimulus causing market concerns. The fundamental is still intact.

The Board of Directors of the Company wishes to announce that Benalec and Benalec Sdn. Bhd. (“BSB”) and Strategic Land Sdn. Bhd. (“SLSB”), a wholly-owned subsidiary of BSB, which in turn is a wholly-owned subsidiary of Benalec (“the Plaintiffs”) had commenced a civil suit in the Kuala Lumpur High Court on the 6 November 2013 vide Civil Suit No. 22NCVC-610-11/2013 against Datuk Leaw Tua Choon, Datuk Leaw Ah Chye, Leaw Yongene, Sunshine 2000 Sdn Bhd, Seaside Synergy Sdn Bhd, Su Seong Lin, Low Kim Yeok and Pong Kim Siew for inter alia loss and damage as well as an account for secret profits arising from the sale of certain lands to Sunshine 2000 Sdn. Bhd. and Seaside Synergy Sdn. Bhd. (“the said Lands”) and as against Datuk Leaw Tua Choon and Datuk Leaw Ah Chye, for loss and damage and an account of all secret profits, arising from the breach of their contractual, statutory, fiduciary and/or common law duties and/or obligations as Executive Directors of the Plaintiffs in respect of the said Lands.





This announcement is dated 18 November 2013.

The Board of Directors of the Company (“the Board”) wishes to announce that the Company and Benalec Diversity Sdn. Bhd. (“BDSB”), a wholly-owned subsidiary of Benalec Sdn. Bhd. (“BSB”), which in turn is a wholly-owned subsidiary of Benalec (“the Plaintiffs”) commenced a civil suit in the Kuala Lumpur High Court on the 6 November 2013 vide Civil Suit No. 22NCVC-614-11/2013 against Datuk Leaw Tua Choon, Datuk Leaw Ah Chye, Leaw Yongene and Citypoint Engineering Sdn. Bhd. for inter alia, a declaration that the Letter of Award dated 16 May 2012 between BDSB and Citypoint Engineering Sdn. Bhd. was void ab initio and/or for loss and damage as well as for an account of secret profits arising from the breach on the part of Datuk Leaw Tua Choon and Datuk Leaw Ah Chye of their contractual, statutory, fiduciary and/or common law duties and/or obligations as Executive Directors of the Plaintiffs in respect of certain dealings concerning Citypoint Engineering Sdn. Bhd.

Share buy back may not boost the share price. Share buy back is a mechanism of price stabalisation. For dividend, Benalec may consider to remain constant dividend pay out at reasonable return to reward the shareholders especially the funds manager until full realisation and optimisation of lands disposal and sufficient internal cash to finance projects in pipe line.

KWAP quiet may indicate they remain neutral and supportive to Benalec.

Don't worry. After big rain, the next day will be sunny day.

Patient. Everything will be reveal when circular being despatched and at the EGM. You all can ask any questions.

Wait for the circular to be despatched in due course.

Please call to Benalec and ask the MD Dato Vincent Leaw Seng Hai or can interviewing Datuk Leaw Tua Choon or Datuk Leaw Ah Chye for their comments.

Dear Messi. This is not internal squabbling but actions by directors who not complying to laws and regulations. Therefore rest assured. Please continue to support Mr. Benalec.

Dear messi. No way. The fundamental still intact as long not in the hand of these two directors. Latest land sale is RM40 per sq ft but selling to directors at RM28. These 2 directors already pocket RM42 million for themselves.

oasischeah Your comments noted. Mr. Benalec will be strong again.