Regarding MK Land Again.

Blogged recently on July 14th and July 15th 2008: Yet Another Privatisation Story! This Time MK Land! and MK Land Denies The Privatisation Story

• Trading volume on 10th July 2008 was 18,996 and on the trading volume on the 11th July was a mere 12,496 million. And many thanks to this malicious, baseless rumour published on Business Times, trading volume surged to an incredible 113,720 million!

Saw this news article on Star Biz: US fund sells 3.4m MK Land shares

• Tuesday July 22, 2008 MYT 11:47:17 AM
  US fund sells 3.4m MK Land shares
  
  KUALA LUMPUR: US-based fund Liberty Square Asset Management continued to reduce its shareholding in MK Land Holdings Bhd with the recent disposal of 3.46 million shares.
  
  A filing with Bursa Malaysia showed Liberty Square had sold the shares in the open market on July 17, reducing its total stake to 4.88% or 58.79 million shares.
  
  The fund had on July 9 disposed of 1.85 million shares.
  
  MK Land share price closed at 22.5 sen on July 16. The share price surged to a 52-week high of RM1.20 on July 23 last year and its 52-week low was Monday at 19.5 sen.

How now about that privatisation story told by Business Time? (See Yet Another Privatisation Story! This Time MK Land! )

• TAN Sri Mustapha Kamal Abu Bakar, a co-founder of MK Land Holdings Bhd, may take the troubled property developer private as part of plans to turn it around, a source close to him said.
  
  The businessman holds 47.4 per cent of MK Land and he has taken over the company's leadership as chief executive on June 25.
  
  He replaces his partner Datuk P. Kasi who was redesignated as a non-executive director. Kasi holds 25.4 per cent of MK Land.
  
  "As a majority stakeholder of MK Land, it's logical for him to come back and return the company to the black," the source said.

Won't a reader like me be suspicious on the intention of the initial report by Business Times?

Did the source gave Business Times the story with the sole intention of facilitating Liberty Square disposal disposal of shares?

How?

Don't you think our financial press are badly abused for personal vested interests?