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Tags: Mudajaya

9:48 am – Here is an update on MudaJaya from Ang Kok Heng of PCM !


Dear Investor During the last two weeks, Mudajaya’s share price plunged from RM5.94 to RM3.75 wiping off RM900 mil of Mudajaya’s market capitalization. This was mainly due to a poison letter, claiming that Mudajaya is artificially inflating their revenue and earnings on the Indian IPP project. We met the management last Friday and this report […]

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