Thursday, 30 March 2017

Bernas eyes relisting in 2020?

Article in The Edge Financial Daily dated March 30, 2017: "Bernas eyes relisting in 2020".

One snippet:

That appears to be in sharp contrast with an earlier announcement to Bursa:

"after due enquiry with our Directors and major shareholders, the Board of Directors of Padiberas Nasional Berhad (“Company”), wishes to inform that as at today, the Company is not aware of any written arrangement on the following:

(i) any corporate restructuring that includes an impending relisting plan"

The authorities should look into this case.

Next to this, there is the very serious issue if all minority shareholders have been treated equally.

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