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[BENALEC - 5190] BENALEC HOLDINGS BERHAD - SOMETHING WRONG ON PUBLIC PORTION BALLOTING

As per Busa Spec annoucement dated 10/01/2011 on the result of Benalec IPO balloting - Oversubscribed by 4.92 times on public portion. The category from 100 to 199,900 shares application the % of chances was from range 2.50% to 10.14% and the total shares allotted was 61.06% (11,144,000) from the total number of shares of 18,250,000. Only 717 applicants striked from the total of 10,280 application under these this categories.
IF you look further to the Basis of allotment for the application from 500,000 shares and above application you will find SOMETING IS VERY WRONG ?????? ONLY 24 APPLICANTS 100 % STRIKED and the shares allotted was about 28.25 % ( 5,156,000 ) from the total number of shares of 18,250,000. Why must allotted in such manner... Director Rights ? Issuing House short of manpower to process on many strike applicants ? The relevant Goverment agency and SC must investigate on this matter. May be part of the these 24 applicants was Benalec's company related proxy ( Insider jobs has occured on this issued ). The allotment MUST in the fairness way especialy to the minorities applicants.

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I think this is a dubious company.
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