Wednesday 1 May 2024

The Pirates Of Bursa Malaysia : Vulnerable, Dangerous and Toxic.

SARAWAK Cable Bhd as of now is in no man's land with a high possibility, that the loss making company, which had promised so much, could be struck off from the stock exchange.

THE  public listed company, which had tempted investors with READ ; a tantalizing white knight with RM250 million to spare, enabling Sarawak Cable Bhd, a second shot in life, now seems to be in a limbo.

WITHOUT such an extension, the only alternative left is for the company to be delisted from the stock exchange.

THE current scenario is a far cry, when the stock from low price of 0.05 Sen on December 4 2023, had shot up to 41 sen by Jan 8 2024.

WHILE many were excited with what was happening in Sarawak Cable at that point of time, I was not.

I had seen what happened to Hong Seng Consolidated Bhd's share price, another company which was associated by the corporate deals brought by the Sarawak Cable CEO Russell Walter Boyd. READ : From MySejahtera to Sarawak Cable, it's the same Ginbang Gang