PUCHONG: George Kent (M) Bhd, whose share price has slumped 67% since the general election, this morning received shareholders' nod for its share buyback exercise of up to 10% of its share capital.
The company was quick to get approval for the share buyback plan at an EGM today instead of waiting for its AGM on July 9.
However, George Kent declined to meet the press after the meeting.
Ordinary Resolution Proposed Shareholders’ Mandate for the Authority to the Company to Purchase Its Own Shares of Up To Ten Per Cent (10%) of Its Total Number of Issued Shares 373,444,351 100%
shares buyback means burning Retained Earnings-----if Gkent got so many "projects", Co. cash got better used then to support Stock price-----Look at different angle, more like preventing Margin Call for Directors ( ikan Bilis can get what???)
本人已经写了一份公函致MACC. 内容就在这里透露一点。 1. DICADANGKAN GEORGE KENT MALAYSIA BERHAD DISIASAT DIBAWAH AKTA RASUAH DALAM TENDER LRT2,LRT3, HOSPITAL JOBS UNTUK BEBERAPA TAHUN YANG LALU SEMASA PEMERINTAHAN BARISAN NATIONAL.
2. GEORGE KENT MALAYSIA BUKAN PAKAR DALAM PEMBINAAN MEGA INFRASTRUCTURE PROJEK, SEDANGKAN SYARIKATNYA MENDAPAT BANYAK TENDER JOBS DARIPADA KERAJAAN PERSETUKUAN BARISAN NATIONAL.
3. ADA REKOD YANG MENUNJUKKAN BAHAWA GEORGE KENT MALAYSIA TIDAK MEMILIKI KEPAKARAN DALAM MENERIMA KEPAKARAN KERJA DALAM LRT2,LRT3.( MAHUPUN MENJADI PDP FEE DALAM LRT).
4. DIHARAPKAN PIHAK MACC MEMBUKA SEMULA FAIL UNTUK MENYIASAT SEMULA KERJA-KERJA YANG DIMILIKI (Current Order book) YANG MEMBABITKAN PEGAWAI TERTINGGI GEORGE KENT MALAYSIA KHUSUSNYA MEMPUNYAI HUBUNGAN RAPAT DENGAN DATUK SERI NAJIB TUN RAZAK. (DIMANA KERJA-KERJA MEGA INFRASTRUCTURE INI TELAH DIBERIKAN SECARA TERUS DAN SECARA LANGSUNG KEPADA GEORGE KENT MALAYSIA IAITU SAHABAT YANG AMAT RAPAT DENGAN DATUK SERI NAJIB.)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
newbie8080
2,768 posts
Posted by newbie8080 > 2018-06-04 11:45 | Report Abuse
Normally, share buy back will be approved.
So far have yet to see any share buy back proposal shot down.