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2021-06-25 11:38 | Report Abuse
I'm not a shareholder; I just chanced upon the forum discussions and volatile share prices recently. So I spent some time catching up on the forum discussions, reviewing the financial statements and reading up on the corporate news since we are all locked down and have more time for self-learning. As an ex equity analyst and investment banker, I must confess that I'm utterly shocked and speechless at the active trading of the counter by the founders and high officeholders. Suppose all the accusations are true regarding the insider acts and unfair placement and award of cheap shares to the controlling family, and extended family, via employee share options and yet without any basis. In that case, there seems to be a severe breach here, which warrants the regulators' attention, whom I believe should be competent and attentive enough to such rigging and unfair dealings that disadvantage minority shareholders (worse since they account for the majority of the shareholding spread). The bulk of the shareholders are suffering due to the unlawful acts of the tiny number yet controlling shareholders. It's time that the regulators do some house-cleaning to restore global investors' confidence in Bursa.
Stock: [KNM]: KNM GROUP BHD
2021-06-29 13:03 | Report Abuse
Any more live updates? Links to the recorded meeting, anyone?