HOW much money did Farhash Wafa Salvador Rizal Mubarak spend to buy a 20 per cent stake in MMAG Bhd.
ERIC See-To, Najib Razak's fan boy who goes by the name Lim Sian See READ : places the deal at RM320 million, while I have gone on record to place it at between RM100 million to RM280 million
WHY this is an estimate is because there are no documentations yet on Bursa Malaysia's website on the cost of the deal.
WHY is the cost important then? Well it is because just weeks before Farhash Wafa Salvador Rizal Mubarak would enter MMAG, Velocity Capital had bought the shares for a song.
THE average price NEXG Bhd paid for a stake in MMAG READ : was about 40 sen a share.
IN between those purchases MMAG shares had flew in the month March from 51 sen to well over 80 sen a share up to March 24th only for the run to be broken by READ : a one day 15 per cent plunge in share prices, which has never really recovered.
ONE day latter, on the 26th of March, Farhash Wafa Salvador Rizal Mubarak would appear.
WAS there a margin call on MMAG, or were the shares pressed down for Farhash Wafa Salvador Rizal Mubarak to enter ?
ONLY for all the well laid plans go off the rail due to an orange looking guy sitting in Washington DC, known as Donald Trump upsetting the world trade order?
