Time Flies!

See how Time flies!

On achieving the court's sanctions for its restructuring plans, Time Engineering (Time)took wings today. Opening at 28 sen, it became the volume leader by mid-day and further up-trended in the afternoon for a glorious price increase of some 27% today. With the restructuring in place, most of its debts have been wiped out in one felled stroke and its only loans are to a development bank that charges it a friendly two percent interest. Also, The option to sell off Time.dotcom at a good price within certain price and limits stays put to protect shareholders' interest. Interestingly, the number of shares will not be diminished but the par value will be converted to 20 sen from one ringgit.


We shall see how much will be the re-rating before it stabilizes.