Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
This place should be used productively to share useful information on Zetrix and to assess the risk reward at the current low price.
It should not be misused to spew destructive rumors and nonsense. It invariably reflect the writer's inability to analyse stocks they are dabbling with or have been a loser punting in Bursa.
Media intentionally write to say TS selling off stake to make it seem he is running away. In actual fact, his shares are being forced sold by nominee account holders.
The covenant publicly described by MARC Ratings is that Wong Thean Soon (TS Wong) must remain the group's single largest shareholder. That is different from a fixed minimum direct ownership requirement.
The distinction matters because TS Wong holds shares both directly in his own name and indirectly through Asia Internet Holdings Sdn. Bhd. The sukuk covenant, as publicly summarised, concerns his position as the largest shareholder rather than a stated 5% direct-shareholding threshold.
