Will you buy??
Let's dig further:
What menang do?
Menang Corporation (M) Berhad (Menang) was incorporated on 9 July 1964, is listed on the Main Board of Bursa Malaysia Securities Berhad.
The Company is principally engaged in
investment holding,
letting out of properties
the provision of management services.
The principal activities of the subsidiaries are
property development,
leasing and hire-purchase,
management services,
property investment,
investment holding
operating recreational facilities.
What is his financial status??
Default in Payment under ("Practice Note 1/2001") of Bursa Malaysia Securities
Berhad Listing Reqiurements
1. Default in payments of interest and principal in respect of the Redeemable
Convertible Secured Loan Stocks ("RCLS") owing to Pengurusan Danaharta
Nasional Berhad ("Danaharta")
We wish to inform that there has been no change to the status since the last
announcement.
However, we are pleased to inform that we are arranging sufficient funds within
the next three (3) months to fully pay of this indebtedness.
What is the good news??
Negeri Sembilan state to buy Menang Corp’s subsidiary land for UiTM project
Written by Surin Murugiah
Friday, 24 September 2010 17:36
KUALA LUMPUR: MENANG CORPORATION (M) BHD []’s 71% subsidiary Inovatif Mewah Sdn Bhd has accepted an offer by the Negeri Sembilan state government to compulsorily acquire its three pieces of land totaling 21.12ha for RM35.47 million.
Menang Corp said on Friday, Sept 24 the compulsory land acquisitions by the state government was for the development and CONSTRUCTION [] of a new campus for Universiti Teknologi Mara.
The company said the three pieces of land were situated within the Seremban 3 Township currently being developed by Menang Corp, and that the net book value of the land as at Aug 21, 2010 was about RM28.61 million.
It said the gross proceeds of the RM35.47 million received for the land acquisition would be largely utilised to pay down outstanding bank borrowings and other debts, and the balance for working capital.
Will you buy on MONDAY?? enuf or not 35.47 million???