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891 comment(s). Last comment by cu29ok at Jan 14, 2021 9:52 AM
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trading2019
89 posts

Posted by trading2019 > Nov 12, 2019 10:42 PM | Report Abuse

And the Champion counter goes to....


RoboTop
1170 posts

Posted by RoboTop > Dec 19, 2019 6:52 AM | Report Abuse

Looks like volume is picking up. Perhaps someone is busy collecting.


RoboTop
1170 posts

Posted by RoboTop > Jan 17, 2020 6:57 AM | Report Abuse

G Neptune to be taken over by Singapore’s LHO Holdings

KUALA LUMPUR (Jan 16): Dormant IT solutions provider G Neptune Bhd has proposed an internal reorganisation that will allow Singapore-owned LHO Holdings Bhd to gain control of the ACE Market company and a backdoor listing for LHO.

As LHO’s parent company, Singapore-based Octopus Holdings Pte Ltd, will hold an 86.09% stake in LHO post reorganisation, Octopus will make a mandatory general offer (MGO) to acquire the remaining LHO shares, allowing shareholders of G Neptune an opportunity to exit the company.

In a bourse filing, the Guidance Note No 3 (GN3) company which has ceased operations since FY2018, said it has proposed the exchange of its entire issued shares for 28.88 million new ordinary shares in a new investment holding company namely LHO, on the basis of 1 LHO share for every 10 existing G Neptune shares held by its shareholders.

Upon completion of the proposed share exchange, LHO which is principally involved in the provision of market expansion services for third party brands of beverage products in Malaysia and Singapore, will be the new holding company of G Neptune and will assume its listing status.

Following this, G Neptune has also proposed to issue up to 2.89 million free LHO irredeemable convertible preference shares (ICPS) on the basis of one free LHO ICPS for every 10 LHO shares held by the entitled shareholders.

Upon completion of the proposed exercise, Octopus Holdings will undertake a mandatory general offer (MGO) to acquire the remaining LHO shares, providing the existing shareholders of G Neptune an option to exit in the event that they are not interested in the new core business of LHO.

Under its market expansion services, LHO Asia Group’s business activities relate to brand expansion, marketing and sales, sourcing, procurement, importation and supply, warehousing, distribution and logistics of beverage products.

Subsequent to the proposed internal reorganisation and proposed MGO, LHO will propose a private placement to meet the public shareholding spread requirement.

The total gross proceeds to be raised from the proposed private placement is RM21 million. LHO intends to utilise up to RM14.5 million for the LHO Asia Group to pay its suppliers for the purchase of inventories and RM3 million for the expansion of its in-house brand and new brands.

The proposed regularisation plan is expected to be completed by the third quarter of 2020.


faezudean
2 posts

Posted by faezudean > Feb 13, 2020 11:55 AM | Report Abuse

I know it's a noob question, but just out of sheer curiosity... what's the next thing to expect?


bleuerouge
2936 posts

Posted by bleuerouge > Mar 12, 2020 4:17 PM | Report Abuse

try 3.5c


Lich
411 posts

Posted by Lich > Aug 7, 2020 1:51 AM | Report Abuse

it's a scam. My aunty's grandmother's great grandson's friend's friend's friend's pet said bursa rejected the proposal.


lanlee
27 posts

Posted by lanlee > Aug 9, 2020 9:26 PM | Report Abuse

this counter up or not, monday...


Magnetic
9 posts

Posted by Magnetic > Aug 18, 2020 9:37 AM | Report Abuse

Up up up! Ini kalilah, white knight coming


jewaputra
118 posts

Posted by jewaputra > Aug 26, 2020 5:11 PM | Report Abuse

My grandmother said it may touch 0.09


Magnetic
9 posts

Posted by Magnetic > Aug 26, 2020 8:12 PM | Report Abuse

Tp 0.20, lho cominggg


fl888
5028 posts

Posted by fl888 > Aug 27, 2020 10:27 AM | Report Abuse

Wintoni ganging up for revenge....buy now


fl888
5028 posts

Posted by fl888 > Aug 27, 2020 11:00 AM | Report Abuse

RP submitted on 30th January 2020.....approval or rejection by KLSE anytime before Merdeka will determine GNB future..10 GNB for 1 share of LHO....doing food & beverage marketing...


Magnetic
9 posts

Posted by Magnetic > Aug 27, 2020 12:17 PM | Report Abuse

Buy now before it's too late! The ship is sailing soon


jutawanakhirat
14 posts

Posted by jutawanakhirat > Aug 27, 2020 7:32 PM | Report Abuse

Fly tommorow.amin


sengkee
1948 posts

Posted by sengkee > Sep 9, 2020 11:54 AM | Report Abuse

The share price for this stock is stronger than PDZ, Mtouche, Sanichi and other penny stocks


cu29ok
37 posts

Posted by cu29ok > Sep 15, 2020 11:12 AM | Report Abuse

Kena GN3.. :(


fl888
5028 posts

Posted by fl888 > Sep 28, 2020 4:33 PM | Report Abuse

RP still not approved since 16-01-20 submission to KLSE? How to complete by the third quarter of 2020 as stated in their RP !!!


fl888
5028 posts

Posted by fl888 > Sep 29, 2020 8:51 AM | Report Abuse

If RP approved by this month, should break 10cts easily


dosn
174 posts

Posted by dosn > Oct 30, 2020 9:41 AM | Report Abuse

test


kenie
1237 posts

Posted by kenie > Nov 6, 2020 10:31 PM | Report Abuse

“Basis for Disclaimer of Opinion
We were unable to obtain sufficient appropriate audit evidence on the following:
1. As disclosed in Note 14 to the financial statements, the outstanding loan payables
and accrued interest of the Group amounted to RM1,141,521 and RM980,380
respectively. In addition, the Company had provided an amount of RM469,830 for
crystallisation of corporate guarantee granted to its subsidiary. We were unable to
obtain sufficient appropriate audit evidence to confirm the accuracy of the carrying
amount stated or whether any further liabilities are required to be provided in the
financial statements in relation to these loan payables as we were unable to obtain
external confirmations from the lenders.
2. Other than the balances as described above, we were unable to obtain sufficient
appropriate audit evidence to confirm the accuracy of the Group’s payables or
whether any further liabilities are required to be provided in the financial
statements.
3. The Group and the Company incurred net losses of RM2,095,433 and
RM1,966,078 respectively for the financial year ended 30 June 2020 and, as of
that date, the Group and the Company had deficit in shareholders’ equity of
RM6,351,134 and RM3,816,669 respectively and the Group’s and the Company’s
current liabilities exceeded their current assets by RM6,351,134 and RM3,816,670
respectively. The Group and the Company have also ceased their operations and
recorded no revenue during the financial year.
Since 30 November 2017 and during the financial year, the Company has been
classified as an Affected Listed Issuer pursuant to Guidance Note 3 (“GN3”) of the
ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa
Securities”) (“Listing Requirements”). Pursuant to Rule 8.04(3)(a)(i) of the
Listing Requirements, the Company is required to regularise its condition by
undertaking a regularisation plan to address the GN3 status. Non-compliance with
the said Listing Requirements would result the Company being suspended or
delisted from the ACE Market of Bursa Securities.
The Company is required to submit its regularisation plan to the relevant
authorities within a period of twelve months from the date of the first
announcement on 30 November 2017. On 30 January 2020, the Company
announced that the application in relation to the proposed regularisation plan has
been submitted to Bursa Securities. On 1 October 2020, the Company announced
that the application is currently pending the decision of Bursa Securities.
As disclosed in Note 14 to the financial statements, since July 2014 and during the
financial year, a wholly-owned subsidiary of the Company, Geranium Limited (“GL”)
had defaulted its entire repayments of principal sums and interest in loans
amounted to RM1,141,521 and RM980,380 respectively in respect of loans
granted by lenders to GL. In addition, the Company is also exposed to material
financial obligations in relation to the corporate guarantee provided amounting to
RM469,830 in relation to the said defaults. If the Group and the Company are
unable to raise the funds required to continue in operational existence for the
foreseeable future, the Group and the Company may be unable to discharge their
liabilities and financial obligations as mentioned above.
As disclosed in Note 2(e) to the financial statements, the financial statements have
been prepared on the assumption that the Group and the Company are going
concern. The ability of the Group and of the Company to continue as going
concern is dependent on the formalisation and successful implementation of the
regularisation plan of the Company to restore its financial position and achieving
sustainable and viable operations.


kenie
1237 posts

Posted by kenie > Nov 6, 2020 10:32 PM | Report Abuse

The application of the going concern basis of accounting is based on the
assumption that the Group and the Company will be able to realise their assets
and settle their liabilities in the normal course of business. Should the formalisation
and implementation of the regularisation plan not materialise or not approved, the
application of the going concern basis of accounting may be inappropriate and
adjustments may be required to, inter alia, write down assets to their immediate
realisable value, reclassify all long term assets as current and to provide for further
costs which may arise.
The correlated multiple factors as mentioned above have indicated the existence of
material uncertainties which may cast significant doubt on the ability of the Group
and of the Company to continue as going concern. Moreover, we were unable to
obtain sufficient appropriate audit evidence to evaluate the appropriateness of
management’s use of going concern basis of accounting. Therefore, we are not
able to form an opinion as to whether the use of going concern assumption in the
preparation of the accompanying financial statements of the Group and of the
Company is appropriate.


kenie
1237 posts

Posted by kenie > Nov 6, 2020 10:32 PM | Report Abuse

AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN
DISCLAIMER OF OPINION
STATEMENT OF MATERIAL UNCERTAINTY RELATED TO GOING CONCERN OF THE GROUP AND THE COMPANY IN RESPECT OF G NEPTUNE BERHAD'S STATUTORY FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020


Magnetic
9 posts

Posted by Magnetic > Dec 4, 2020 8:30 PM | Report Abuse

Omg getting delisted

https://www.klsescreener.com/v2/announcements/view/3273505


cu29ok
37 posts

Posted by cu29ok > Dec 7, 2020 9:36 AM | Report Abuse

This time surely finish... :(


bobobaik
13 posts

Posted by bobobaik > Dec 7, 2020 11:38 AM | Report Abuse

any chance for them to appeal?


cu29ok
37 posts

Posted by cu29ok > Dec 8, 2020 9:21 AM | Report Abuse

hardly...this time


cu29ok
37 posts

Posted by cu29ok > Dec 10, 2020 8:56 AM | Report Abuse

14/12 coming...any positive news?


MY_KLSEKaki
1 post

Posted by MY_KLSEKaki > Dec 10, 2020 6:14 PM | Report Abuse

cu29ok, the positive news is, it is still 0.02 today, not yet down to further. tmr last day.


cu29ok
37 posts

Posted by cu29ok > Dec 11, 2020 9:20 AM | Report Abuse

lol...
i still believe... :p


kenie
1237 posts

Posted by kenie > Dec 11, 2020 3:12 PM | Report Abuse

Suspension and De-Listing of G Neptune Berhad
Suspension and De-Listing of G Neptune BerhadILC-04122020-00004Bursa Malaysia Securities Berhad (?Bursa Securities?) has rejected GNB?s proposed regularisation plan. In the circumstances, please be informed that:-
(a) the trading in the securities of the Company will be suspended with effect from 14 December 2020; and
(b) the securities of the Company will be de-listed on 6 January 2021 unless an appeal against the rejection of the regularisation plan and de-listing is submitted to Bursa Securities on or before 3 January2021 (?the Appeal Timeframe?).
Any appeal submitted after the Appeal Timeframewill not be considered by Bursa Securities. In the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the removal of the securities of the Company from the Official List of Bursa Securities on 6January 2021 shall be deferred pending the decision on the Company?s appeal.
With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn. Bhd. (?Bursa Depository?), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.
Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at any time after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository.
These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities? General Line at 03-2034 7000 for further information on the withdrawal procedures. Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company? s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.
Senior Vice President


sunnyfx
4 posts

Posted by sunnyfx > Dec 14, 2020 8:15 AM | Report Abuse

wtf...how we can or must do now ?


cu29ok
37 posts

Posted by cu29ok > Dec 14, 2020 8:41 AM | Report Abuse

@ sunnyfx We can't do anything..just wait till 3/1/2021 or 6/1/2021. :(


sunnyfx
4 posts

Posted by sunnyfx > Dec 14, 2020 8:59 AM | Report Abuse

how if delisting on 3 or 6/1/2021? can get back money or total lose ?


sunnyfx
4 posts

Posted by sunnyfx > Dec 14, 2020 9:00 AM | Report Abuse

sorry this is my 1st time in this situation...


iopa46
16 posts

Posted by iopa46 > Dec 16, 2020 9:58 AM | Report Abuse

lose la 100% gone


500Bilis
310 posts

Posted by 500Bilis > Dec 22, 2020 9:30 PM | Report Abuse

Interesting question to ask is whether the counter is allowed to be lifted from suspension to resume trading should the board has submitted an appeal before the dateline Jan 3rd.


kenie
1237 posts

Posted by kenie > Jan 4, 2021 6:01 PM | Report Abuse

G NEPTUNE BERHAD -MONTHLY ANNOUNCEMENT ON THE STATUS OFDEFAULT IN PAYMENT PURSUANT TO RULE 9.19A OF BURSA MALAYSIA SECURITIES BERHAD'S ACE MARKET LISTING REQUIREMENTS ("LISTING REQUIREMENTS")

04/01/2021


cu29ok
37 posts

Posted by cu29ok > Jan 5, 2021 10:06 AM | Report Abuse

Heng..Heng


ainasyazwina
2 posts

Posted by ainasyazwina > Jan 12, 2021 12:38 AM | Report Abuse

come here because of my fren


ainasyazwina
2 posts

Posted by ainasyazwina > Jan 12, 2021 12:39 AM | Report Abuse

rip g neptune


cu29ok
37 posts

Posted by cu29ok > Jan 14, 2021 9:52 AM | Report Abuse

GNB RIP? :(

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