Both also drop, not only huayang. Think both of them will be parting way soon. Better sell and run. Can foresee margin call for the big holders if they don’t tank the price.
The land is in golden triangle area,it won't affect by freezing order.Maybe more developer will be interested in this land cause other place not are allowed to develope
useless company . Their about 10 years apartment project already appeared internal pipe bursting and water come out into the house. Poor management poor quality, buy at your own risk.
WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR SHAH ALAM HIGH COURT OF MALAYA COMPANIES WINDING UP SUIT NO. BA-28NCC-663-10/2019 JAYAPALASINGAM A/L KANDIAH (Liquidator of Magna Shah Alam Sdn Bhd (In Liquidation) ("Petitioner") and Magna Prima Berhad ("Respondent")
Wish they would just sell off all their land and close shop..
The directors just sitting there getting paid and not doing anything to improve their condition for the 2nd year in a row already. Money from their current project in kepong is not even enough to pay the directors wages i guess...
Just sell of the piece of land in Shah Alam and pay off the loans to reduce the finance charges if they are just gonna sit on the land and pay finance charges for nothing.
I guess it's 'good' also in a way that they're in Receivership, at least it'll force them to do 'something' rather than to keep on going like this without any directions.
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....
desmondcsh
192 posts
Posted by desmondcsh > 2017-10-16 00:20 | Report Abuse
this counter is so quiet, anyone holding?