Strange that people says that Malton deny bidding for Bdr Msia. I read through their announcement several times with my poor english and magnifying glass, I still cannot see where in the announcement was it mentioned that Malton is not bidding for Bdr Msia!!! It merely says that they are NOT IN DISCUSSION...WITH THE PARTIES MENTIONED.. Of course it is possible that Malton is not interested. However I would be surprised if Desmond is not interested in putting the Pavilion brand in Bdr Msia. Is it possible that whilst Malton is not in discussion with Dalian/EPF, as announced, it is in discussion with Pavilion and Ah Jib Kor to get a piece of the action????Kakakaka
Since the share price of Malton is higher than few weeks ago. I think if Malton's boss didn't take this oppurtunity to sell his shares in open market today. The news has a high chance is REAL.
shareholder since last nov keep purchase the stock to increase the stake in the company, even it not related to wanda, it should related to some future project which can influence the share price to increase thus that why they keep purchase now meanwhile it at low price.
Direct Interest Redeemable Convertible Secured Loan Stocks at Nominal Value of RM1.00 each ("RCSLS") Indirect interest Allotment of new ordinary shares in Malton Berhad to Malton Corporation Sdn Bhd on conversion of nominal value 7-year 6% Redeemable Convertible Secured Loan Stocks
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS MALTON BERHAD ("MALTON" OR "COMPANY") PROPOSED SHAREHOLDERS' MANDATE FOR NEW RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
MALTON BERHAD
Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS Description MALTON BERHAD ("MALTON" OR "COMPANY") PROPOSED SHAREHOLDERS' MANDATE FOR NEW RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE The Board of Directors of Malton wishes to announce that the Company intends to seek its shareholders' approval for new recurrent transactions which the Company and/or its subsidiaries intends to enter into with parties related to a director, major shareholder or a person connected with such director or major shareholder of Malton at an Extraordinary General Meeting to be convened by the Company.
Details of the new recurrent related party transactions will be set out in a circular to shareholders which will be despatched in due course.
recurrent related party transactions might be business transaction between a major shareholder and the corporation. example scenario might be WCT and Malton which have common shareholder or even business transaction between major shareholder with someone they think will bring future growth to the company itself.
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....
johnny cash
6,400 posts
Posted by johnny cash > 2017-05-10 17:40 | Report Abuse
MRCB