TRAGIC in heavy doses is what Bursa Malaysia and the Minority Shareholders Watchdog Group are inflicting on the minority shareholders of FELDA Global by their INACTION.
No, no,
Don't speak,
I know what you're thinkin'And I don't need your reasons
CONSIDER this, on August 30, FELDA Global told investors via Bursa Malaysia that the stock exchange has rejected a fresh time line for the company to comply with the public shareholding spread and that the exchange at anytime can VIEW : Suspend trading on the stock
MORE than 55 days have passed, FELDA shares continue to trade with its current trading price hovering at RM1.35 a piece which is below its NTA value of RM1.60 a shares.
ON the converse, KLK Bhd, a rival planter with a NTA of RM12.20 currently trades about 1.67 times above its NTA value at RM21.30.
YOU don't have to be Albert Einstein to figure out that the FELDA shares are severely undervalued. The question here is how much has this got to do with Bursa Malaysia and the Minority Shareholders Watchdog Group's lack of action in ensuring a fair deal for the suffering minority shareholders?
