I just asked my friend who is a banker about this company.I was told that this counter may fall into PN17 if MPCORP failed to settle the debts within 3 months. Unless the issuance of new shares is a success.
MALAYSIA PACIFIC CORPORATION BERHAD (“MPCB” or “the Company”) - Notice of Default with respect to a Charge dated 10 October 2014 pursuant to Section 254 of the National Land Code 1965 by AmanahRaya Development Sdn Bhd (“ADSB”) to Taman Bandar Baru Masai Sdn Bhd
with Section 254 of the National Land Code 1965, the land owned by MPCORP can be lelong if the debts can not be settled.
For example, the share price of PN17's company will plunge and when the announcement always is made later. The PN17 has no value, so the share will drop drastically.
calvintaneng, i will buy back at 0.35. It is the defensive point. Lowest point of the whole year. If it continues to drop and lower than 0.35, it will reach 0.35 some day later.
MALAYSIA PACIFIC CORPORATION BERHAD (“MPCB” or “the Company”) - Notice of Default with respect to a Charge dated 10 October 2014 pursuant to Section 254 of the National Land Code 1965 by AmanahRaya Development Sdn Bhd (“ADSB”) to Taman Bandar Baru Masai Sdn Bhd
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....
tenlot
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Posted by tenlot > 2014-10-15 14:41 | Report Abuse
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