Reference is made to an article titled “GLC eyeing SMTrack” which appeared in New Straits Times on 5 January 2022.
The Board of Directors of the Company (“Board”) wishes to clarify that the Company is in early stage of negotiation with a government-linked company (“GLC”) of which no agreement has been reached at this juncture. In the event any decision or agreement is made in relation thereto, the Board will make the necessary announcement in compliance with the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad accordingly.
In respect of the statement “There is also rumours that a prominent "Datuk Seri" will become another substantial shareholder of the company”, the Board wishes to clarify that the Company is not aware or been notified of any prominent “Datuk Seri” who will become the substantial shareholder of SMTrack.
Like what I just said, it is mostly true that the discussion is true while the rumors about the Datuk Seri is mostly false. This is because the writing in the newspaper is straightforward for GLC while the writing for the Datuk Seri is very very cautious.
Palmgirl, Newpaper only mention GLC is # eyeing SMTrack announcement also just clarify is very beginning stage. both source is correct , no news or any fake announcement said have agreement. so we shall see what is the outcome? btw, u may run too. its up to you ...
Haha, agree. I guess it's more of a power move by SMTRACK. With this news, the share price growth will be more sustainable, then they can tell the GLC: We are a good growth stock.
another thing is.....conspiracy: since goverment link company is interested to buy in as shareholder, why not we ( goreng kaki either from company or sindiket or glc spy) push up the price use GLC money to buy in when the price is high enough..
Yeah... Steady and consistent climbing will do. SMTrack, up up up! Since few days ago, I always pray for day day 2c up... Hope today also same day day 2c up, if can achieve better lagi bagus... 5c up? My Cny bonus depend on SMTrack now... Haha...
If GLC side confirm, I believe cna go till 0.50 too. But if 1.00... Not dare to believe for now lah.. Need to monitor the buying momentum when ard 45c to 50c. Need to monitor closely...
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newguy0801
1,616 posts
Posted by newguy0801 > 2022-01-06 16:33 | Report Abuse
Still got a long way to go, be optimistic but never too optimistic