I'm not a shareholder; I just chanced upon the forum discussions and volatile share prices recently. So I spent some time catching up on the forum discussions, reviewing the financial statements and reading up on the corporate news since we are all locked down and have more time for self-learning. As an ex equity analyst and investment banker, I must confess that I'm utterly shocked and speechless at the active trading of the counter by the founders and high officeholders. Suppose all the accusations are true regarding the insider acts and unfair placement and award of cheap shares to the controlling family, and extended family, via employee share options and yet without any basis. In that case, there seems to be a severe breach here, which warrants the regulators' attention, whom I believe should be competent and attentive enough to such rigging and unfair dealings that disadvantage minority shareholders (worse since they account for the majority of the shareholding spread). The bulk of the shareholders are suffering due to the unlawful acts of the tiny number yet controlling shareholders. It's time that the regulators do some house-cleaning to restore global investors' confidence in Bursa.
Guys, please take note the AGM and EGM fall on 29th June 10am and 11am respectively. Dont miss the date. It is not 30th . Please register yourselves before 28th June. Good night and have a pleasant weekends.
Tak habis2 dgn agm egm agm egm. Cicak lawan dgn dragon. As long you all still hold the stock and support this hibokrat management...they will keep on doing the same. Just CL and move to better counters...let's the DOB playing among them.
The filing shows affin hwang was the broker behind DBT.
Typically in cases of passing blocks of shares to proxies or nominees the trades were done on "seller pay for buyer basis".
This can be done as DBT trades are not settled via novation function of the clearing house, instead via direct settlement at the broker level. So net efffect, the trade can be done at a cheap price just pay stamp duty, brokerage, bursa fees.
So that is one audit trail the Bursa supervision, SC, MSWG, Jabatan siasatan jenayah komersial can look into.
Dear like minded minority investors, please get into action to vote 2moro. TOGETHER we can make a difference and this time all your votes will be counted online .
Too bad, receive message at 1.00am from Boardroom Share Registrar as 'CDS ACCOUNT UNDER MAYBANK AS IN ROD'. Since my first time, not sure what it is, but prayers to you all whom voting against Lee family.
oh no--- > We have received your request for Remote Participation and e-Voting (RPV) for KNM Group Berhad Virtual EGM and we have verified your records against the General Meeting Record of Depositors (ROD)
1) CDS ACCOUNT IS UNDER HLIB NOMINEES (TEMPATAN) SDN BHD AS IN ROD
For those registered to attend the virtual mtg tomorrow, Boardroom will be emailing you the Meeting ID, User name and Password by tonite. Pls check your email. If no email received, call them at 03-78904700
@ganapathy, you are right. I have also called them to find out exactly what time tonight their answer is tonite but dunno what time. If don't get call them on 29th June morning.
I have been trying to email some questions to the Co Secretary to raise the questions during the AGM tomorrow. Strangely, they keep telling they have not received my mail. How can I go about getting the questions delivered to them. Anyone got any suggestion?
I can raise online during the virtual meeting but there are character limitations in Boardroom system
I draw you attention to provisions in companies act (akta 777).
Part III division 1 subdivision 1 item 85 (1) on Pg 108:
Pre-emptive rights to new shares
85. (1) Subject to the constitution, where a company issues shares which rank equally to existing shares as to voting or distribution rights, those shares shall first be offered to the holders of existing shares in a manner which would, if the offer were accepted, maintain the relative voting and distribution rights of those shareholders.
Those directors of KNM better be aware this is what the law says.
They also better be effing aware that on page 324 of the akta 777;
Remedy in cases of an oppression 346. (1) Any member or debenture holder of a company may apply to the Court for an order under this section on the ground— (a) that the affairs of the company are being conducted or the powers of the directors are being exercised in a manner oppressive to one or more of the members or debenture holders including himself or in disregard of his or their interests as members, shareholders or debenture holders of the company; or
Date of change 26 Jun 2021 Name MADAM GAN SIEW LIAT Age 60 Gender Female Nationality Malaysia Designation Vice Chairman Directorate Executive Type of change Resignation Reason Pursue personal interest
Date of change 28 Jun 2021 Name MADAM SOH YOKE YAN Age 54 Gender Female Nationality Malaysia Type of change Resignation Designation Chairman of Audit Committee Directorate Independent and Non Executive Composition of Audit Committee (Name and Directorate of members after change) None
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....
JoshuaMS7
4,309 posts
Posted by JoshuaMS7 > 2021-06-25 09:04 | Report Abuse
walao bk to 0.160 again!! Waiting 0.155 soon!