The curious case of ConnectCounty

TheStar Sat, Jun 20, 2020 08:51am - 3 years View Original


More recently, on Monday, Ang Chuang Juay, (pic) who is the company’s executive deputy chairman, ceased to be a substantial shareholder of the company after he pared down his shareholding to below the 5% threshold level, from the 5.67% he held as at end-March 2019. Ang, a Singapore national, disposed of the shares between June 12 and June 15, exchange filings show.

IN today’s world of information overload and the proliferation of social media, the search for accurate information is a challenge.

In the context of Malaysian listed companies, one seemingly solid source of information are filings that companies make with the stock exchange.

Such information is deemed to be in higher regard than say what is posted on investment sites and blogs, which tend to be more speculative. But last week, something peculiar took place – a listed company called CONNECTCOUNTY HOLDINGS BHD decided to make a filing based on an unsubstantiated rumour posted on a finance blog.

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