I hope the Management has the integrity and initiatives to appoint an external reputable accounting firm to audit itself in order to clear the air. As a minority shareholder , it is ultra sad being caught in this sort of entanglement. Based on my layman assumption, its NTA should at least triple if they revalue the lands. Why are they not doing it ? Regarding the PFIs , I believe most of its bank borrowings are tied to these projects. What is the present surplus cash flow after servicing the monthly installments ? When are the loans maturing ? After maturing , there must be huge cash flows coming in on monthly basis ? When do they intend to declare some dividends as they have never done so ? I hope the present management has the integrity and capability to manage and run this company for the interest of all shareholders. Pls don't run it like a private company.
Stock: [MENANG]: MENANG CORPORATION (M) BHD
2017-09-06 23:43 | Report Abuse
I hope the Management has the integrity and initiatives to appoint an external reputable accounting firm to audit itself in order to clear the air. As a minority shareholder , it is ultra sad being caught in this sort of entanglement. Based on my layman assumption, its NTA should at least triple if they revalue the lands. Why are they not doing it ? Regarding the PFIs , I believe most of its bank borrowings are tied to these projects. What is the present surplus cash flow after servicing the monthly installments ? When are the loans maturing ? After maturing , there must be huge cash flows coming in on monthly basis ? When do they intend to declare some dividends as they have never done so ? I hope the present management has the integrity and capability to manage and run this company for the interest of all shareholders. Pls don't run it like a private company.