JADI IMAGING HOLDINGS BHD (JADI, 7223) going to be a cash rich company after dispose its equity interest in "JADI SUZHOU" for cash RM20.3 Million. If we include JADI cash and bank balances amount RM10.6 Million, total net cash is around RM31 Million.
Market capital of JADI only RM47 Million. Its net cash balance equal to 66% of market capital. Risk of buying this stock will reduce due to strong cash balance.
Other than strong cash balance, JADI also have strong passive investor. Mega First Corporation Bhd (MFCB, 3069) is JADI 2nd largest shareholder with stake 4.4%.
If you looking for penny stocks to buy, JADI will be your 1st choice.