its recent PP at 1.00 right? if i remember correctly, it has not finished the proposed PP yet, only partially exercised. Please correct me if I was wrong.
Malton already private place out about 5% of its original plan 10% at RM 1.00 (par value), raise about RM 20m cash already. Therefore, Malton still have remain 5% to be place out next.
According to news on Malton last EGM on 5 Mar 2015, the director of Malton already secure shareholder approval for related party contract worth RM 1.5 billion link to its major shareholder, Desmond Lim. The director indicate that the contract is expect to announce within the next few week......As for now, time already about 4 week pass EGM , therefore, time is about due for Malton to announce award of the project soon.
volume has not come yet, still small. It means sharks still accumulating. When they finally ate enough and wanna take profit, that time big push will arrive.
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....
fong7
647 posts
Posted by fong7 > 2015-04-08 15:56 | Report Abuse
haha! ya, lets huat together. :)