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Still pending the RM1b private placement internal clearance from the investors, the decision letter from the Securities and Exchange Commission (SEC) Thailand and 2 more approvals from the lenders then should be good to go
but I thought by law companies are required to submit their audited annual reports by 30 April 2025 for companies with 31 December year end regardless of their PN17 status. Companies are required to notify Bursa if they are not able to submit their audited annual report on time
Correct me if I am wrong but this is my understanding
A bit worried why until now they couldn't issue the circular for the regularisation plan. Just tinfoil speculation, but part of me believes it might have to do with issues closing the private placement and maybe the recent trade war triggered an exit clause for PIF or the other investors, but even then it is pretty unlikely for the investors to include such a clause as an exit
Something is wrong if they seek for another extension again
Might potentially be DBS bank based on my prompt to ChatGPT
"Based on the news reports and discussions from Fintech News Malaysia and industry chatter on LinkedIn, the undisclosed “very big” regional bank appears to be one of the top-tier institutions known for its digital innovation and active fintech investments. Among the top 10 ASEAN banks, DBS Bank stands out as the region’s largest and most aggressive in driving digital transformation.
Although it isn’t confirmed publicly which bank is behind the deal, DBS’s strong digital banking platform, extensive regional footprint, and past record of fintech partnerships make it a very likely candidate."
Sure... But what's the point? I don't like Elon Musk but I don't invest in TSLA and hound management on leadership. You are better off investing elsewhere if you don't trust management rather than keeping your fingers crossed in hopes the board gets a new CEO which is practically nil, otherwise why would they renew his contact for 5 years? If you want representation, you can voice out and list down your criticisms during the upcoming EGM assuming if you hold any shares
tak boleh jawab still want to ask for new team on repeat without any rationale lol. Honestly, If you dislike management, why even bother investing in this counter in the first place? Just sell and invest in another counter