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@kimhock, you mentioned Promet, Renong, Transmile and others, you must be an old man in the sea. Salute your experience and young investors should learn from you.
Surprisingly, the current share price now at 5 cents only, but its market cap still worth RM400 million.
This seems like they had well planned by splitting the number of shares to soooo many, so that if its share price drops to close to zero but still a big market cap. Salute!
Covenant risk is the danger that a borrower will violate the legally binding rules, financial limits, or promises (known as covenants) set by lenders in a bond or loan agreement.
If a borrower breaks these rules, it triggers a technical default. This gives lenders the legal right to demand immediate repayment of the entire loan or bond, which can push the borrowing company into an unexpected liquidity crisis or bankruptcy.
Do you think that they care about the consequences and penalties from delayed or omission in announcements??? If Bursa and SC sue them, they will sue them back. Just like Serba Dinamik......
