Based on the latest QR

The Group has four reportable segments, namely automotive, timber, property development and others which involved in Group-level corporate services, treasury functions and investments in marketable securities, which are the Group’s strategic business units. The strategic business units offer different products and services, and are managed separately.

They are involved in investment in Marketable securities!! LOLz. Much like frying retail investors under their own counter.
Let them play with themselves. Stay away for from this counter awhile.

Need to do alot of Maths here, they are selling RM0.05 per rights ICPS and will get Free Warrant for 2 Existing shares.
Could be they need it to settle their debt or some kind of big expansion.

RENOUNCEABLE RIGHTS ISSUE OF UP TO 936,309,855 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN PERMAJU INDUSTRIES BERHAD ("PERMAJU" OR THE "COMPANY") ("ICPS") ("RIGHTS ICPS") AT AN ISSUE PRICE OF RM0.05 PER RIGHTS ICPS TOGETHER WITH UP TO 93,630,985 FREE DETACHABLE WARRANTS IN PERMAJU ("WARRANTS") ON THE BASIS OF 10 RIGHTS ICPS TOGETHER WITH 1 FREE WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN PERMAJU ("PERMAJU SHARES" OR "SHARES") HELD BY THE ENTITLED SHAREHOLDERS OF PERMAJU AT 5.00 P.M. ON 14 JULY 2020 ("RIGHTS ISSUE OF ICPS WITH WARRANTS")

Something is not right. Massive amount of ikan bilis army buying.
Are the operators trying to press the price down so that they can get discounted rights after the ex-date? 0.270 is a good price considering the valuation after the exdate. They will get both at a cheap price and later on push the price higher. Cunning..

Permaju Industries doing business in all sectors....
Automobile, Developer, Plantation.
On April I heard they are doing sanitizer? - Penaclo.
On May they do Airforlife.
On June doing Permaju Gloves.
Now are they doing con business to trap ikan bilis? :p

Price going back down to pick up new passengers :D

Ok, sold my car to get into this ride :p

Awaken already? Insider buying?

I'm quite impressed of MTAG QR.
70-80% of counters listed in Bursa did not perform well, what do you expect to a company that cant operate during MCO? Making products at their bedroom and kitchens?