Industronics Bhd plans to pay off RM26.84 million it owed to four creditors by issuing 536.8 million new shares at five sen per share. As at end-May, the group had total trade and other payables of RM44.05 million, which will be reduced to RM17.21 million after the proposed debt settlement, on a pro forma basis. It has entered into debt settlement agreements with the four creditors, which entails a settlement of debts totalling RM26.84 million.
already say many times in i3 already, as long as a company dont pay any dividend, company declare big profit also ppl wont believe (like itronic, arbb, mag, ..... many many more)
A company can declare rm10mil rm50mil rm100mil or rm500mil profit, but as long as it doesn't pay any dividend at all, nobody is going to believe that profit is true
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....
speakup
27,028 posts
Posted by speakup > 2023-02-17 10:29 | Report Abuse
Relaks a bit. Pretty girl give US$1Mil scholarship