Blogs Headlines
What's Brewing?
E.A TECHNIQUE : RETURNING TO THE BLACK

thewisetrader
Publish date: Fri, 30 Dec 2022, 03:29 AM
There's light at the end of the tunnel for Eatech



UPDATED (3rd Jan 2023) :

-Upon this article was published on 29 dec 2022, today 3rd january 2023 , another disposal of shares by substantial shareholder Dato Abdul Haq was announced. Based on our source of information, Dato Haq is no longer in the company. Most of his shares were forced sell by the banks. Heard that his stakes are almost 0 to date. Thats why we shall wait for the new whiteknight that soon will emerged as a new substantial shareholder.

-Besides, looking at the recently appointed management team, especially the CEO , Nasrul Asmi , he had extensive background in marine & shipping industry since he was a VP in marine & shipping specialist, RHB bank prior to join Eatech. On a side note, Nasrul was appointed by Jcorp as head honcho to spearhead Eatech's restructuring its business and financial performance.

-Despite the selling by Dato haq, no 1 substantial shareholder which is sindorra (subsidirary of jcorp) did not dispose a single unit. So no issue on that.

- also we have received another information on its pn17 status, the company has already finalised its regularisation plan for its financial conditions and now is waiting for the whiteknight anounncement. As we mentioned earlier, the white knight will soon surface as the new substantial shareholder of eatech and injecting fresh funds to company.