The chief executive of one victim, depositor Saigonbank Berjaya Securities JSC (SBBS) - a unit of Malaysia's Berjaya Corporation Bhd - told Reuters that if the ruling was upheld, she had little hope of recouping her bank's $10 million from the perpetrator, who was sentenced to life imprisonment. "We can't afford to lose the case. This represents 70 percent of our capital. Our business may get suspended," Josephine Yei said in an interview.
KUALA LUMPUR: PUC Bhd
saw 10 million of its shares traded off-market on Tuesday.
Stock market data showed the block of shares was traded at 30 sen each, 1.5 sen below closing price of 31.5 sen at midday.
PUC, which is involved in media and advertising, e-payment services and renewable energy, hardly covered by analysts. The stock rose 50% in the past month and is currently trading at 315 times trailing 12-month earnings per share. Year-to-date, it has gained a whopping 384.62%.
In a filing with Bursa Malaysia, PUC has offered to repay 3-year, 4%,irredeemable convertible unsecured loan stocks (ICULS) holders the remaining unutilised proceeds as at Dec 21, 2017 amounting to 5 sen per ICULs in cash following the variation of utilisation of proceeds raised from the rights issue of ICULS with Warrants-B.
PUC said as at Dec 21, 2017, the remaining proceeds stood at RM36.45mil and there were 612.99 million ICULS outstanding. Based on the above, the repayment amount is 5.00 sen per ICULS.
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