https://theedge
KL (Oct 16): Z---ix acknowledged potential breach of sukuk clause
that requires firm’s managing director to remain its single-largest shareholder.
breach triggered by forced selling (by Banks) that began near end August
cut W’s shareholding to less than 2% now from nearly 30%
has to be remedied by Oct 22 to comply with covenant for RM2b sukuk
Shares of Z---ix fell one and a half sen to five sen, new 14-year low
The stock was down by one sen or 15.38% to 5.5 sen end of Friday
My Comments:
Model ekonomi huru-hara beraksi lagi.
Faham-kah kita betapa besarnya kekacauan akibat perkara ini?
Kesan terhadap pemegang saham yang lain, kesannya terhadap Bursa Malaysia.
Para pekerja, jutaan pelanggan atau pengguna perkhidmatan syarikat tersebut.
What about para pemiutang, termasuk bank.
Sukuk itu hutang RM2.0 bilion.
Siapakah yang akan settle hutang RM2.0 bilion itu?
Inilah model ekonomi huru-hara.
