As the value of the company is tied to the performance of the company, it is in the interest of the warring shareholders to argue and fight outside the company.
KUALA LUMPUR: Daiman Development Bhd had voluntarily suspended the trading of its shares from 9am on Monday pending a corporate announcement.
The property development company had reported net profit of RM13.89mil in the fourth quarter ended June 30, 2018 last Thursday compared with RM2.09mil a year ago. The higher profit was due to divestment gains and sale of property.
However, revenue fell to RM34.37mil from RM53.67mil. It proposed a dividend of five sen a share.
For FY19, its net profit rose to RM41mil from RM23.71mil while revenue was lower at RM171.90mil compared with RM179.32mil.
Limited time offer:
Just RM5 per month.
