Posted by ledzepp > 2013-02-10 20:49 | Report Abuse

Can this be good for the rest of the shareholders? Mrcb got to pay rm111m cash and no. of shares diluted by 400m. May be in the long term when this pjsentral come to fruition

Posted by ledzepp > 2013-02-11 09:50 | Report Abuse

On top of that the guy is going to be the CEO of MRCB, and the son becomes the COO. This is a complete sell out!

Posted by Raymond Tiruchelvam > 2013-02-11 11:55 | Report Abuse

this deal stinks... how in the world did this private company Gapurna got hold of landbank worth RM750 million!!! which they used to sell off to MRCB...??? What expertise does this new CEO brings to the table... after all he is only a CEO of a dormat company with landbank?

Posted by alexlulu > 2013-02-11 12:30 | Report Abuse

welcome to Bursukland. hahaha.

Posted by Raymond Tiruchelvam > 2013-02-11 12:38 | Report Abuse

i checked the financials... the gapurn ashareholders only pumped in RM1.5 million or so as share capital... and in return they getting RM111m and remaining in MRCB shares and warrants. Maybe im not reading this right... but good lord the deal stinks big time :-( better sell my shares on trading resumption and run

Posted by dliew888 > 2013-02-11 13:19 | Report Abuse

haha this is how the crony sucks our hard earned money out of the system. In bolehland ini biasa la.