LTC Corp (prev. Lion Teck Chiang)

[mulyc]

Cheng family corp gov not very good leh. See parkson IPT.

http://www.theedgemarkets.com/my/article...nit-rm641m

Is this parkson deal related to the LTC acquisition?
I know they are all part of a restructuring in the Lion group, but how else is it related?

LTC acquisition is regarding departmental stores (SOGO) in Malaysia

When one listed company 'rips' out cash from another related listed company by shifting paper, it is red flag for corp gov.

If they can do it to a related company, then can do it to another.
So if the industrial properties at Macpherson are realised, what is the likelihood of the cash proceeds being distributed to ALL shareholders?
What can stop them from buying something and 'transfer' the cash out of the cash-rich company?

Definitely a red flag if this were true. That said surely if the industrial properties are realized, the proceeds should factor into LTC's share price no?