You are right! Was lucky to have got out fast... otherwise would have lost double the amount...that someone is the Dato' Seri himself ...who else has the power to initiate shares consolidation and RI at the minority shareholders' expense?

Looks like history is repeating itself! Already bite the bullet earlier and minimised losses to RM8K! Better do it! if you don't want more losses...

Last year after shares consolidation and rights issue announcement...Sanichi dropped from 12.5 sens to 8 sens on July 25 2016...now again after shares consolidation and rights issue announcement...It has dropped to 12 sens and 11.5 sens coming soon to 10 sens? or 8 sens again? The next results due end of this month could be losses again and with no income from property development since the project is behind schedule, would not be completed in time by June 2018?