KUALA LUMPUR: A DAP lawmaker is urging the Security Commissions not to provide Umno exemption from a mandatory takeover of Utusan Melayu (M) Bhd, after the party proposed to pump at least RM40 million into the company.
The mandatory takeover is triggered by the fact that Umno’s shares will increase from 49.8% to 53.1% through a proposed two-call rights issues, according to a Bursa Malaysia filing made two days ago, Malaysiakini reported.
The mandatory takeover would force Umno to buy all Utusan Melayu shares not already owned by the party.

大馬銀行（AMBANK，1015，主板金融組）在近期3家股價暴挫的新加坡掛牌公司涉足1.2億令吉，安聯研究不排除此消息短期內將令大馬銀行股價承受賣壓，但預計不會造成太大衝擊。

這3家股價暴跌的新加坡公司由大馬人, 當中包括前大马股票市场主席Datuk Azlan Hashim和敦達因兒子Datuk Mohd Wira Dina Abdul Daim及蘇啟文持有顯著股權，包括業務多元的Blumont集團、金礦商LionGold機構及投資控股公司Asiasons資本。

go ask joeylee2013. She works there!

that mean more supply in the open market, price should drop now that the company is not buying