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.

IN a limbo because READ : Sarawak Cable Bhd's application to Bursa Malaysia, for yet another extension for a regularisation plan has yet to be approved by the stock exchange.

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