Confirm drop like old town last time.

How did you get 59.8% bumi owned?

The 400m shares is just 21% of their total shares. They have to pump up the Bumi portion because companies that want to be listed in Bursa are required to allocate 12.5% of the enlarged number of issued shares to Bumiputera investors to be approved or recognised by the Ministry of International Trade and Industry (“MITI”).

And Oriental being very much family owned, so majority of their shares are held by non-bumis, as such they have to allocate a large portion of this offering to Bumis in order to make that number as set by Bursa.

I advise you to read the prospectus before commenting.

133m revenue and 20mil PAT from 11 outlets alone is high. And they haven't even started to go crazy all out in states like penang or johor, even KV.

Then you also have expansions to other countries on the books.

In comparison, Old Town have more than 200 outlets with only 400m revenue and 60mil profit.