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Rich on Paper, Broke in Cash: The Landmarks Story 🏨📉
How does a resort developer with massive asset holdings end up facing delisting at just 3.5 sen?
Here is what went wrong with Landmarks Berhad:
🔹 The Big Bet: Backed by Genting (which holds ~21.7%), Landmarks spent RM764 million in 2007–2008 acquiring the developer of Treasure Bay Bintan in Ind