KUALA LUMPUR, Aug 20 — Trading in the securities of Utusan Melayu (Malaysia) Bhd will be suspended with effect from August 28 and its shares will be de-listed on August 30.
In a filing with Bursa Malaysia today, the oldest surviving Malay-language newspaper publisher said that it has failed to regularise its condition based on the Main Market listing requirements for failure to submit its regularisation plan to the Securities Commission or Bursa Securities for approval.
“The company’s securities will be de-listed unless an appeal against the de-listing is submitted to Bursa Securities on or before August 27,” it said.
Upon the de-listing, the publisher of Utusan Malaysia, Mingguan Malaysia, Kosmo!, and Kosmo! Ahad, will continue to exist but as an unlisted entity.
1) kwl8888 Five poisonous powder, to be closed 2) goreng_kaki ANNUAL REPORT of UTUSAN As of April 2019, more than half of the TOP30 major shareholders are Chinese. Are these Chinese people who buy the dirty barrels reported that you are a running dog?)
Wang tersebut, dakwa pemimpin kesatuan berkenaan, membolehkan Utusan Melayu membayar sebahagian gaji tertunggak - pada kadar maksimum RM2,000 - mulai malam ini
“Dan hasil desakan melalui piket semalam kami, menerima suntikan (dana) daripada Umno dalam RM1.6 juta,” katanya pada sidang media di pejabat syarikat itu di Kuala Lumpur, lewat petang tadi.
Sementara itu, dalam sidang media berasingan Aziz menegaskan, Umno tidak pernah campur tangan dalam urusan sidang pengarang akhbar terbabit sejak beliau mengambil alih akhbar berkenaan.
Injection Rm 1.6m bayar gaji n electric pun tak cukup mah....!!
Posted by Good123 > Aug 21, 2019 6:19 PM | Report Abuse
Menurut Taufek, Umno membuat suntikan dana bersih sebanyak RM1.6 juta ke syarikat yang menerbitkan akhbar harian Utusan Malaysia dan Kosmo! itu.
“Saudara semua tahu (Presiden Umno) Dr Ahmad Zahid telah mengadakan mesyuarat dengan ahli lembaga pengarah Utusan.
Posted by Good123 > Aug 21, 2019 6:20 PM | Report Abuse
“Dan hasil desakan melalui piket semalam kami, menerima suntikan (dana) daripada Umno dalam RM1.6 juta,” katanya pada sidang media di pejabat syarikat itu di Kuala Lumpur, lewat petang tadi.
Posted by Good123 > Aug 21, 2019 6:20 PM | Report Abuse
Semalam, kira-kira 100 kakitangan dan bekas kakitangan Utusan Melayu berpiket menuntut gaji mereka yang didakwa tidak dibayar selama tiga bulan.
Mabel, are you new in the market? Judging by what you have said, I think you are new. You reminded me of myself when I first buying stocks. There are some mistakes which you have made. 1. Why do you say is cheap? 2. Why do you compare the price when it was at 7 long time ago?
Utusan has a negative NTA per share of 90 sen per share, share price 5.5 sen loh.....!!
In a rescue package u need to create a value of at least Rm 0.955 per share, just for investor who invested on utusan Rm 0.055 per share just to breakeven on utusan loh....!!
with delisting at the back of horizon, veli danger mah...!!
Posted by Mabel > Aug 21, 2019 8:08 AM | Report Abuse
KUALA LUMPUR, Aug 20 — Trading in the securities of Utusan Melayu (Malaysia) Bhd will be suspended with effect from August 28 and its shares will be de-listed on August 30.
In a filing with Bursa Malaysia today, the oldest surviving Malay-language newspaper publisher said that it has failed to regularise its condition based on the Main Market listing requirements for failure to submit its regularisation plan to the Securities Commission or Bursa Securities for approval.
“The company’s securities will be de-listed unless an appeal against the de-listing is submitted to Bursa Securities on or before August 27,” it said.
Upon the de-listing, the publisher of Utusan Malaysia, Mingguan Malaysia, Kosmo!, and Kosmo! Ahad, will continue to exist but as an unlisted entity.
@hollandking Mabel, are you new in the market? Judging by what you have said, I think you are new. You reminded me of myself when I first buying stocks. There are some mistakes which you have made. 1. Why do you say is cheap? 2. Why do you compare the price when it was at 7 long time ago? 21/08/2019 6:25 PM
Still learning bro.. I'm just curious why today there's so much buying activities when everyone knows it going to be delisted..
It's interesting to see how this whole thing will evolve. It's a good case study of dealing with a PN17 company...
Two possibilities 1. Delisted as plan 2. White Knight coming to the rescue..
Why this is of interest to me is because I have two media companies under my portfolio.. The Star and Media Prima..
Media bangsat ni masih tersenarai di Bursa ke? Bangsat manalah tanggung syarikat bangsat ni? Tapi x lama lah. Perangai membazir, memfitnah, mengampu, dengki susah dikikis. Maka tabiat lama akan kembali. Kalau bukan sekarang, lama-lama tetap lingkup. Sampah tempatnya ditong sampah, najis tempatnya di tandas.
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....
hollandking
3,694 posts
Posted by hollandking > 2019-08-20 20:51 | Report Abuse
i think lowest is 0.03