Courgette Chong's comment on MAGMA. All Comments
Courgette Chong
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EGM today. Magma got shareholders’ approval to sell its entire 20% stake in Heritage Lane

https://www.nst.com.my/business/corporate/2026/02/1374452/magma-wins-shareholder-nod-sell-20pct-stake-heritage-lane
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3 days · translate ·
Randy Chew
This move is expected to record an estimated proforma gain of about RM20.06 million, will use to repay borrowings and further expansion move
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Powerup
repayment of borrowing could generate saving of interest about 3.9 million a year
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Bravery
this should be a good news for magma rite
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yezm_son
definitely can see the upside for Magma with this development, this strengthen the company's balance sheet and improve basic loss per share to 2.62 sen from 4.70 sen on an illustrative basis
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Powerup
@bravery for sure, cause less expenses on the interest could really help magma to turnaround
Like · 19 hours · translate
Vincent Wong
Gorengggg 300k bcome 600k.gogogo...gma. All in
1 Like · 18 hours · translate