China Stationery Limited - oddity

Mr. Tong have kindly enlightened us in his article of some rather odd peculiarity in the company, an excerpt can be found below with a relevant link.

Link

I've attempted to draw the attention of Bursa to this article and hope they will compel the company to answer queries raised in the article.

The relevant person in charge of this company is: Tang Eng Kean <tangengkean@bursamalaysia.com>

Do drop them an email if you are a minority shareholder and is as concerned as I am.

Demise of the China Stationary CEO

First of its kind change of boardroom report I read

Question is when did he actually pass?

YTLP - update from 23 September

In the 2 weeks since my last post on 23 September on YTLP buyback, they company have been continuing its rather aggressive buyback program.

As of 7th October, the company have cumulative treasury share of 218,103,045 shares - with its latest buyback at price between 1.80-1.82.

This represent an increase of 126,582,500 shares from my last update 2 weeks ago. Assuming an average price of 1.75, this buyback is worth approximately RM220million.

All in 14 days.


YTLP-WB is trading at 0.56 and YTLP is trading at 1.82.