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Sound and look like all bad news,
So, even Hong Leong stable is not a safe bet.
But sure it is embrassing for Hong Leong group to see one of their company in this fate.
Don' t forget these directors are well known gold diggers.
Seen its AR that as at the begining of the year they have cash in the bank of about $23 million, if not mistaken.
Exiting the SGX will benefit the directors actually somehow since they call the shots with assets and money at hand, lol.
Scam.
Laggard ( Date: 14-Apr-2016 10:05) Posted:
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Chairman staement:.....
" The Company was placed on the watch-list of the
Singapore Exchange Securities Trading Limited
(&ldquo SGX-ST&rdquo ) on 4 June 2014. Should the Company
be unable to meet the requirements of Rule 1314 of
the Listing Manual by 3 June 2016, the SGX-ST may
either remove the Company from its Official List, or
suspend trading of the Company&rsquo s ordinary shares
with a view to removing the Company from the
SGX-ST Official List. In the event that the SGX-ST
exercises its powers to remove the Company from
its Official List at such time, there is no assurance
that the Company will be able to offer a reasonable
exit alternative."
Simpily measn no exit offer , no turn around story to exit watchlist.
Another Delisting that minority shareholder suffer..
Vested
Such wild swings in px with so low volume. Is this a real n healthy mkt? Seems to me lots of stocks appear to be controlled by chng kays.
Laggard ( Date: 24-Feb-2016 12:20) Posted:
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This counter no idea where the business is going and price so depress, surge 100% is also nothing what, It dropped 100% first after consoldation so what is up 86%. Great work SGX for introducing MTP that drive share consldiation.
Observers ( Date: 24-Feb-2016 07:32) Posted:
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Sudden interest n px surge usually due to corporate activities n trading on insider info. But the sleeping sgx, seemingly as always, will realise much later when the mkt is already on big fire.
Observers ( Date: 24-Feb-2016 07:32) Posted:
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This one negative asset? So, what' s up. Working to take pte, or sell to M& C?
Observers ( Date: 24-Feb-2016 07:32) Posted:
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Wow! Up 86% already, no SGX query yet? No forum query also?
All board and management team still drawing fat remuneration package but cannot create value in a listed company. Share price only drift south. They are experience in running huge stable companies but cannot build from small. .... Haha to hard and to much work.... Having too much good life in main HL stable.吃 不 起 苦 。
Demostation ( Date: 24-Jul-2015 14:08) Posted:
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Just curious why those people at the AGD didn' t retort - how come M& C n CityDev still doing so well.
Demostation ( Date: 24-Jul-2015 14:08) Posted:
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HLG was quite active in the old days, but in the last 5 fives, owing to every year losing money and being put in the watch list of SGX, it has very thin trading.
I heard that people attending AGM always hear the same old story of poor business in the hotel and service/hospitability business (as though this is a condemned business). If you are good in a particular business, you don' t have to lose and lose. What is your degrees for, is it for losing money in business? Lol.
In short not much hope in this counter. They had consolidated 10 for 1 and now still trading below 20 cents. I think Demostation comment is fair they are losing shareholder money. Not much hope if they continue to operate same way and not typical to be in Hong Leong stable. Share consolidation only a breather to stay in main board, but price continue to drift south.
Correct me if I' m wrong. I think HLA holds HLG through China Yuchai, which also holds a small stake in Thakral. HLG owns the M& C Hotel in Cameron Highlands (formerly Cameron Equatorial). But, ya, seems to be making losses year in, year out. Don' t know what' s in Uncle Kwek' s mind.
Demostation ( Date: 23-Jul-2015 16:25) Posted:
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You r right. HLG is majority owned by another group belonging to Hong Leong.
It is a sister company to Thakral that is also owned by the same group.
But the mgt of HLG seem not able to manage the company well. Always losing shareholders money.
Don' t know when it will be delisted.
Immotion ( Date: 21-Jul-2015 21:54) Posted:
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Why say so?? I thought HL stand for Hong Leong? ?
Probably px of 18 cents is probably sold by some disheartened with HLG.
Anyway, getting out of the monkey company may be a blessing in disguise. At least once and for all, and can use his money on something else to make back the money. Lol.
Warning to potential investors thinking of entering. This is a monkey company full of naughty primates that do things that hurts your pockets, lol...
Demostation ( Date: 11-May-2015 15:20) Posted:
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HLG was consolidated 10 to 1. The guy who sold might have been mistaken. Never was the old shre 1.8 cents. Hope it did not result in a short sale, unlce/auntie. Lol.