Al Chapo

PP is good. They need to push up the price to make the PP's subscribers happy😁😁
----------

Agree. I think in almost cases, there always be happened like that.

The reality:
1. This Ijok project (if successfully done) is for a long run to the company and its shareholders...

Note: The construction is envisaged to commence during the first quarter of 2025 after obtaining the approved development order for the commercial components of the Lands.

2. Kanger don't has sufficient cash/fund to pay for the acquisition of 100% of Sung Master. How the company can fulfill it?

Note: For shareholders' information, the purchase consideration of RM72,000,110 will be sourced from a combination of internally generated funds and/ or bank borrowings, the breakdown of which has yet to be determined at this juncture.

3. PP and SIS will increase its NOSH. NTA will be diluted.

Note: Assuming all outstanding 169,951,156 Warrants B are exercised into new Kanger Shares and 81,713,369 SIS Options are exercised prior to the implementation of the Proposed Private Placement, the Company's enlarged number of issued Shares will be 901,532,527 Shares. Accordingly, a total of up to 180,306,505 new Kanger Shares ("Placement Share(s)") may be issued pursuant to the Proposed Private Placement.

In line with the expansion of the Group's construction and related activities segment as set out in Section 4.5 of this announcement, the proceeds earmarked for Ijok Development (as defined herein) is intended to be utilised to fund the Group's construction of shoplots which is intended to be sold to interested purchasers to be identified later for capital gains.

Note: This project involves the two plots of land acquired before in order to use it for glove manufacturing project (that failed to be a reality).

Kanger had on 23 November 2023 entered into a conditional shares sale agreement for the proposed acquisition of 49% equity interest in Sung Master for a purchase consideration of RM72,000,110 to be fully satisfied via cash ("Acquisition of Sung Master"). For shareholders' information, the purchase consideration of RM72,000,110 will be sourced from a combination of internally generated funds and/ or bank borrowings, the breakdown of which has yet to be determined at this juncture.

Sung Master has contributed to the Group's revenue for the FYE 31 March 2022. However, for the financial year under review, the Group has only been able to recognise profit after tax from Sung Master up to the extent of the Group's equity interest in Sung Master, despite the recognition of 100% of Sung Master's revenue. As such, the acquisition of additional equity interest in Sung Master is expected to allow the Group to recognise the entire profit after tax from Sung Master, translating to a more reflective margin result of the Group according to its controlling interest in Sung Master.

@Konnichiwa. You're wrong and giving misleading information. The newest SIS up to today never been listed @BURSA. It just been approved by BOD, and until today never been listed yet.

Please read this notes:

When every new shares granted to be listed in BURSA (example: Shares from PP, ESOS, RI, etc), the company must announce it at BURSA at least one working day earlier before it's listing date.

Examples:

1. Additional Listing Announcement /Subdivision of Shares
KANGER INTERNATIONAL BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal ESOS
Details of corporate proposal Shares Issuance Scheme
No. of shares issued under this corporate proposal 4,854,368
Issue price per share ($$) Malaysian Ringgit (MYR) 0.0412
Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000
Latest issued share capital after the above corporate proposal in the following
Units 649,868,002
Issued Share Capital ($$) Malaysian Ringgit (MYR) 464,741,378.679
Listing Date 06 Jan 2023


Announcement Info
Company Name KANGER INTERNATIONAL BERHAD
Stock Name KANGER
Date Announced 05 Jan 2023

2. On behalf of the Board, UOB Kay Hian wishes to announce that based on the issued share capital of Kanger with effect from 5.00 p.m. on 9 February 2022 ("Entitlement Date"), 5,979,312,213 ordinary shares in Kanger have been consolidated into 597,931,208 ordinary shares in Kanger ("Consolidated Shares"), and the total number of outstanding warrants 2021/2026 ("Warrants B") of 1,699,511,579 will be adjusted to 169,951,156 Warrants B ("Consolidated Warrants B") pursuant to the Share Consolidation.

The Consolidated Shares and Consolidated Warrants B will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on 10 February 2022, being the next market day immediately after the Entitlement Date.



This announcement is dated 9 February 2022.

@Konnichiwa. Please give you idea or comment with facts... or you look like ......

1 hour ago
-----
This statement only referred to your comment "Goreng goreng goreng. Boss only announce after subscribe, sell, cabut lo.
Worst scenario is kena reprimand and fine, but so what.

Now keep sell, later boss buy back lower. Still retain enough share being big boss.

ANNOUNCEMENT : it is statement that purposely tell ikan bilis certain information at certain time."

It's totally am untrue, false and misleading. HOW COME SOMEONE SELL THEIR SHARES WHICH NEVER LISTED @BURSA YET..

Yes you may not have any obligation here, but to give that kind of statement show you that you're unaware of the rule, but you dare to give your idea on that.

@Konnichiwa. Please give you idea or comment with facts... or you look like ......

sangjero

FLOOR PRICE..... 0.005

3 minutes ago
---
Yes.... sang jero. Floor price for BPuri should be 0.5 sen. You better go and post your positive chart for your BPuri counter right now. It may help your counter and your follower.... He He He
--------------
Posted by rainman777 > 17 hours ago | Report Abuse

Hahahaha mana tklim ,sanjoro so called sifu boleh kasi 16c kemudian 60c.
Hahahaha kakinya semua kena con liao hahahaha dia sudah lari kuat kuat Liao.
Hahahaha kakinya asking for help hahahaha lepas kaput, Wakaka

It has been several weeks that I have warned here about the stock price manipulation that is happening at the BPuri counter.

A number of my predictions about BPuri counter already been seen as CORRECT.

Don't ever be a cry baby (after you already WARNED).

Trade at your own risks....

It already touched 14.5 sen!!!! What is going to be next ????

The price want to jump to 16 sen????? Even in the proposal, the indicative price is 8.5 cents.
In my experience, before conso the price will drop a lot from the indicative price made in the proposal. BPuri lowest price 2.5 cents...
-----------------
Posted by rainman777 > 17 hours ago | Report Abuse

Hahahaha mana tklim ,sanjoro so called sifu boleh kasi 16c kemudian 60c.
Hahahaha kakinya semua kena con liao hahahaha dia sudah lari kuat kuat Liao.
Hahahaha kakinya asking for help hahahaha lepas kaput, Wakaka

As I said before, technical analysis won't give you any signs for this manipulative uptrend to be hampered with this bad news. But, analysis of its fundamental will do it......
-----------
Posted by MZM2511 > 4 days ago | Report Abuse

A brief result of my fundamental analysis on BPuri.

Sebelum ini pun pernah dapat projek berbillion-billion, tetapi empat tahun sudah rugi berturut-turut. Sejak 10 tahun dulu pun NTA RM1.00 dah jadi 2.6 sen... Memang killer betul management BPuri.... Pandai buat rugi dan naikkan NOSH sahaja. Buat Placement dan RI bagai...

Lihatlah sedikit perkara ini.... inilah yang saya kata fundamental BPuri teruk.....

Dah dekat dengan risiko PN17 dah ni...
Nak selamat, caranya syarikat kena buat share CONSOLIDATION...

@Jettson8.
It has been several weeks that I have warned here about the stock price manipulation that is happening at the BPuri counter. A company that is fundamentally weak but has suddenly gone up in stock price. There is no positive news that can cause stock prices to rise. This must be a plan from an insider / promoter to manipulate the price.

My assumption is correct... APPARENTLY THE REASON FOR THE PRICE INCREASE IS BECAUSE THE BOARD WILL PUBLISH A PROPOSAL INVOLVING SHARE CONSOLIDATION, PP AND SHARE OPTION FOR EMPLOYEE.

PROVEN, SHARE CONSOLIDATION WILL GIVE A NEGATIVE EFFECT ON BPURI SHARE PRICES. --- I said IT AGAIN.... THE BPuri share price MUST FALL..

Hope my reminder can help newbies from the loss of share price manipulation in BPuri.

TAYOR

I TOLD YOU SO... It's just in a minute.. something happened. TAYOR

Buy-Q Buy Sell Sell-Q
118 387,359 0.075 0.080 60,358 24

Buy-Q Buy Sell Sell-Q
159 389,941 0.080 0.085 215,540

I also want to know... who is waiting to buy @8 sen.
Is it a buy Q by pure investors or a manipulated buy que...

Want to see at the end session of today's trading... specifically after 4:50 pm ...
Is it something to be happened????

@Callmejholow...
Sebelum ini pun pernah dapat projek berbillion-billion, tetapi empat tahun sudah rugi berturut-turut. Sejak 10 tahun dulu pun NTA RM1.00 dah jadi 2.6 sen... Memang killer betul management BPuri.... Pandai buat rugi dan naikkan NOSH sahaja. Buat Placement dan RI bagai...

@Jettson8.. Pure newbie!!!! --- Look at the price history on MTouche, Kanger and Trive before consolidation... You can see the reality. History will repeat itself...

Price consolidation does not really change anything.
-------
Agree with you in terms of what has been taught in accounting classes..

But in reality, especially in BURSA, the share consolidation excercise will be a "GHOSTLY NEWS" for almost investors in BURSA. I myself experienced it @Kanger, Nexgram and Trive...
It was a NIGHTMARE.... TAYOR

Agree.
.....................
Posted by rainman777 > 17 hours ago | Report Abuse

Hahahaha mana tklim ,sanjoro so called sifu boleh kasi 16c kemudian 60c.
Hahahaha kakinya semua kena con liao hahahaha dia sudah lari kuat kuat Liao.
Hahahaha kakinya asking for help hahahaha lepas kaput, Wakaka

Dear MeeGoreng69...
And in fact, this happens maybe because of healthy price movement.
-------
1. NOSH 3,372,000,000 unit
2. NTA 2.7 sen
3. EQUITY
Share capital RM299,458,000
Reserves / (Accumulated loss) (RM210,053,000)
Equity attributable to owners of the parent RM89,405,000
Non-controlling interests RM105,743,000
Total equity RM195,148,000

Note: How to eliminate this BIG accumulated loss and increase the TINY NTA???
The probable answer is SHARE CONSOLIDATION.

TAYOR

3 month trend lowest price 14.5 sen..

Can it touch 14.5 sen in another two days of trading before year 2023 end?

Newbies, BEWARE of PUMP and DUMP...

There is a big risk ahead.... The operator/insider could be still on their way to exit the counter... TAYOR

@fl888. The offer of SIS been announced yesterday only. Just the offer and he is not subscribing it yet. He can't sell the shares which he doesn't own...

When he is going to subscribe the SIS shares, an announcement at BURSA will be made before the listing of that SIS shares in the market.

The volume has been decreased.....

@ExecutionTrade. Don't be a cying baby when my spam was right...... As I said before, your technical analysis won't give you any sign for this manipulative uptrend to be hampered with this bad news. But, analysis of its fundamental will do it......
-----------
Posted by MZM2511 > 4 days ago | Report Abuse

A brief result of my fundamental analysis on BPuri.

Sebelum ini pun pernah dapat projek berbillion-billion, tetapi empat tahun sudah rugi berturut-turut. Sejak 10 tahun dulu pun NTA RM1.00 dah jadi 2.6 sen... Memang killer betul management BPuri.... Pandai buat rugi dan naikkan NOSH sahaja. Buat Placement dan RI bagai...

Lihatlah sedikit perkara ini.... inilah yang saya kata fundamental BPuri teruk.....

Dah dekat dengan risiko PN17 dah ni...
Nak selamat, caranya syarikat kena buat share CONSOLIDATION...

@ExecutionTrade. Manipulative actions until becoming Pump and Dump act is not allowed by law.
------------
The Securities Commission Malaysia (SC) issued a warning to investors over the increase use of blogs, forums and social media platforms to spread false and misleading information on certain companies in order to perpetrate ‘pump and dump’ schemes.
Perpetrators would accumulate shares at lower prices before posting positive sentiments about the companies, with the intention to spur interest in the shares in order to drive up its price. When unsuspecting investors buy the shares, it gives the perpetrators an opportunity to sell the shares they hold at a profit. Investors who have bought shares at the inflated price will suffer losses when the hype eases.

tklim is not on holiday. He was active in another counters thread.

He He He. Maybe he's right on Kanger, as he own nothing @Kanger at that time.
But he was wrong on BPuri. He stoped to post any posting there...

@ExecutionTrade.. This type of feeling also was in my mind before @Kanger, when Kanger announced its share consolidation proposal. Waited and waited, at last Kanger already succumbed to the lowest price, 3 sen...

@yourewelcome88.
Wu as I said is the sole director who own shares. He is an executive director. He can influnce the BOD. And its done.

Good luck to you. Hope you earns.....

As for me have to wait.... Only some shares which I bought lately are in GREEN.... but average prices of my small holding @Kanger still in Red. Fortunately, the paper loss is very much lower than before.

Wish me good luck, friend.

Is it a window dressing for LKL or window dressing for operator/insider who want to quit???

3 month trend lowest price 14.5 sen..

Can it touch 14.5 sen in few days before year 2023 end?

@Patience99. Usually, history will be repeated again..... especially when the person involved is the same person!!! But what we the bilis can do???....

The good captain in a company usually will direct the company to be a better company.
This statement can be tested in Kanger.... also in almost companies which are at par with Kanger....

Stuck in it for a long time already. Only hope for the best, onward..
But from now I'm going to be more cautious about my investment in Kanger.....
It could be for a medium term... Maybe not for a long term anymore... TAYOR

@yourewelcome88. Agree. So am I. They supposely played the game???

Stuck in it for a long time already. Only hope for the best, onward..

I think it's good if a company has a Captain (Executive director of Executive Chairman) who has substantial shareholding in it.

The larger his/her shareholding is better. It's a fundamental matter of the company.

As I said before, after Kuah sold his shares and quit at directorship, the sole director which has shares in Kanger is Mr. Wu Wai Kong with only 674,530 unit of shares!!!!!

How come he want to head the BOD with this tiny shareholding?????

@M55555. Yes. It's true..

https://www.malaysiastock.biz/Company-Announcement.aspx?id=1274147
https://www.malaysiastock.biz/Company-Announcement.aspx?id=1276056

And then, what's your idea about the future Captain here?? He He He

The director kept disposing shares !!!

The current Executive Director, Mr. Wu Wai Kong is offered SIS amounted 50,500,000 unit of shares @ RM0.058. Currently this director holds just 674,530 unit of shares.

After subscribing this SIS, Mr. Wu Wai Kong will hold approximately more than 6 % of shareholding in Kanger and will become a substantial shareholder and will be the biggest shareholder in Kanger.

Is it a plan to give this director more power in Kanger ... and BE the NEW CAPTAIN in Kanger?????

The news (can't say it's good or not):

"Pursuant to Rule 9.19(51) of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements, Kanger wishes to announce that Kanger has on 26 December 2023 offered a total of 81,713,369 share options at the option price of RM0.058 to eligible employees and director of Kanger in accordance with the By-Laws of the SIS. The details of the offer of share options are as follows:-

@whistlebower99.
....Directors should be interrogated during AGM
--------
Agree.. Also the party/parties who did the upward price manipulation lately before announcing the proposal could also be interogated!!!

The Securities Commission Malaysia (SC) today issued a warning to investors over the increase use of blogs, forums and social media platforms to spread false and misleading information on certain companies in order to perpetrate ‘pump and dump’ schemes.
Perpetrators would accumulate shares at lower prices before posting positive sentiments about the companies, with the intention to spur interest in the shares in order to drive up its price. When unsuspecting investors buy the shares, it gives the perpetrators an opportunity to sell the shares they hold at a profit. Investors who have bought shares at the inflated price will suffer losses when the hype eases.

THERE COULD BE A REPORT TO SC AND BURSA, TO SEE ANY BREACH OF LAW IN THIS COUNTER IF THERE ARE ENOUGH EVIDENCE COLLECTED. TAYOR

@Oratan and @the goldfinger.. Please study these companies .... sanichi, pasukgb, fast, ages, lambo, mtronic, nexgram, kanger and many others. You will find your own answer then.....

Note: Anyways I had my own experiences @Kanger, Trive and Nexgram. All were nightmares.. TAYOR

3 month trend lowest price 14.5 cents..

Looks like the selling is not finished yet????

@Atacms.. This type of feeling also in my mind, when Kanger announced its share consolidation proposal. Waited and waited, at last Kanger already succumbed to the lowest price, 3 sen...

This is my speculative comment on Kanger:

Kuah Choon Ching resignation as a director... I think a prelude to the emergence of new captain and new substantial shareholder in Kanger... HOPE FOR ANOTHER GOOD NEWS.

TAYOR

A result from my analysis on some aspects what I refered as a fundamental analysis on Kanger:

Kanger is in better condition and sound now...

1. Kanger has done a lot of restructuring including selling companies in the People's Republic of China which involved in bamboo manufacturing and trading.
Several quarters the company recorded a lot of losses . Its should be among the factors that caused the share price to be in a downtrend until it fell to the floor level of 3-4 sen .
The subsidiary disposal process in China has been completed , and I expect that in the next quarter there will be no more loss pressure from subsidiary disposal losses and impairment costs incurred as before .

2. The consolidation made by the company gave strength to the company's account / financial position . Especially to overcome the problem of losses during the structuring / disposal of subsidiaries. Even now , after restructuring , NTA can still be at a level of 44 sen plus.

It can be a buffer even if the company has to suffer operating losses in the next few quarters .

3. Prospects from the purchase of Antara @ Genting condo assets that may generate profits in the future.

4. The profit prospects from trading construction material through Sung Master's, the company subsidiary.

Based on latest QR: "The Group recorded slightly increase in revenue as compare to last quarter ended 30 June 2023. The increase in profit was mainly due to increase in sales generated from trading of construction materials
Overall, the Group recorded profit before taxation of RM2.4 million in Q6 2023 as compare to loss before taxation of RM1.5 million in Q5 2023 was mainly due to recoverable of impairment loss on debtors."

Sung Master proven contributed to the P&L of Kanger...
Construction - Nil contribution to the revenue....

5. I don't agree on the idea it will be consolidate again in short term...

The reasons:
1. NTA 44.4 sen.
2. NOSH 649.87m
3. Share capital RM427,561,000
Reserves (RM138,697,000)
SHAREHOLDERS’ EQUITY RM288,864,000
Non-controlling interests RM5,288,000
TOTAL EQUITY RM294,152,000

@yourewelcome88.. Yes. The proposal involves a share consolidation and later PP and Employees Share Scheme.

@lazzo88... Spam dah jadi realiti... As I said before, your technical analysis won't give you any sign for this manipulative uptrend to be hampered with this bad newas. But, analysis of its fundamental will do it......

----
Posted by MZM2511 > 3 days ago | Report Abuse

A brief result of my fundamental analysis on BPuri.

Sebelum ini pun pernah dapat projek berbillion-billion, tetapi empat tahun sudah rugi berturut-turut. Sejak 10 tahun dulu pun NTA RM1.00 dah jadi 2.6 sen... Memang killer betul management BPuri.... Pandai buat rugi dan naikkan NOSH sahaja. Buat Placement dan RI bagai...

Lihatlah sedikit perkara ini.... inilah yang saya kata fundamental BPuri teruk.....

Dah dekat dengan risiko PN17 dah ni...
Nak selamat, caranya syarikat kena buat share CONSOLIDATION... ADA

@kion11. Just report to SC. You can do it via email.
Anyway, I think BOD of BPuri was the real one who suppressed BPuri share price with their share consolidation proposal. He He He

BEWARE PUMP AND DUMP.....

@Al Capo...
I agree.
If not RTO, I think it's also a possibility for Kanger to has a major shareholder from the said ring of parties. TAYOR

@Al Chapo..
As seen by me, and only based on direct shareholding (as reported by Kanger).
(Note: But this infromation ignores any indirect shareholding at Kanger by Sung Master or Aset Kaya Emas).

1. Sung Master shareholding of --------> Kanger ::::: Not detected any (after Sii Tung Nai lately disposed all his shares @Kanger on 25.09.2023)

2. Aset Kaya Emas shareholding of ------> Kanger ::::: Not detected any (after Miss Chai Woon Chun from Aset Kaya Emas disposed her shares on 28.02.2022 )

3. Sung Master shareholding of -------- > Aset Kaya Emas ---- Don't know, can't get any information.

4. Aset Kaya Emas shareholding of -------> Sung Master :: No. because the only one INDIVIDUAL SHARE HOLDER of Sung Master is Mr. Wong Seen, the vendor who is currently involves in a Kanger proposal to acquire 100% shares @Sung Master.
(Note: currently, Mr. Wong Seen holds 49.0 % and Kanger holds 51% of Sung Master shareholding).