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This Company requires large funds from MOF to pay suppliers but yet still propose RM3m to pay non executive directors at the AGM next month. Most substantial shareholders are now banks that took up shares in exchange of loans write-offs based on consolidation of 20 to 1 :-|
Looking at the 1-Year share price chart (High of 80 Sen), it will be prudent to wait for QR due out in June 2026 as Company need to start to show high profitable operating position after the completion of corporate restructuring exercise. The Company still has high total bank borrowings despite recent debt forgiveness via corporate restructuring.