Posted by Jeffreyteck > Jun 25, 2020 6:41 AM | Report Abuse

Candy maker Khee San sued for defaulting on RM4.7m loan...Same fate as london biscuit as it is the same breeds. Believe management individually are rich.

Posted by tan9090 > Jun 30, 2020 9:27 AM | Report Abuse

Haha the qr report... Run!

Posted by VenFx > Jun 30, 2020 10:00 AM | Report Abuse

Water fall show coming ?

Posted by Armada Quantum Leap Stock In 2020 > Jun 30, 2020 11:40 AM | Report Abuse

no wor, are u disappointed?


VenFx Water fall show coming ?
30/06/2020 10:00 AM

Posted by WY Chan > Jul 1, 2020 11:39 AM | Report Abuse

gone liao.... mana ada hope... no white knight!

Posted by apolloang > Jul 1, 2020 11:40 AM | Report Abuse

same like London biscuit loss until close shop....hahaha

Posted by Benthen106 > Jul 3, 2020 3:33 PM | Report Abuse

Go go power...

Posted by Jeffreyteck > Jul 6, 2020 10:12 PM | Report Abuse

Khee San gets demand letter for RM4.96m loan repayment from OCBC Al-Amin... Getting closer to close. Same breeds as london.

Posted by lee_m2020 > Jul 8, 2020 10:26 PM | Report Abuse

but why the price still above 0.30? im speechless...

Posted by sianglong91 > Jul 10, 2020 10:53 PM | Report Abuse

Sometimes price is not the key factor of getting PN17, their fundamentals are...

Posted by PMHLDG288 > Jul 11, 2020 8:11 AM | Report Abuse

https://malaysiastock.biz/Company-Announcement.aspx?id=1242362

more than 70mil unpayable loans

Posted by moneytr33 > Jul 13, 2020 8:15 PM | Report Abuse

steady laaa

Posted by Smallyell > Jul 15, 2020 11:16 PM | Report Abuse

https://www.theedgemarkets.com/article/khee-san-sues-maybank-islamic-over-rm655m-default-payment

Posted by Jeffreyteck > Jul 15, 2020 11:18 PM | Report Abuse

Kheesan, Lon bis... same breeds, trustworthy? bankers crying?

Posted by moneytr33 > Jul 17, 2020 9:47 PM | Report Abuse

bitter pill so hard to swallow.. whose holding at 45sen?

Posted by cheated > Jul 19, 2020 9:31 PM | Report Abuse

45 sen not promoted by pang72? Why he now in AncomLb do same promotion?

Posted by moneytr33 > Jul 30, 2020 7:25 PM | Report Abuse

yealor... this pang72 keep promoting and i followed... haih

Posted by maimunah > Aug 6, 2020 11:12 AM | Report Abuse

Bursa may give more time to firms to submit PN17/GN3 regularisation plan
KUALA LUMPUR (Aug 6): Bursa Malaysia Bhd will consider granting a further extension of time for companies, which triggered the criteria of Practice Note 17 (PN17) and Guidance Note 3 (GN3) from Jan 2, 2019 to Dec 31, 2020, to enable them to submit their regularisation plans to the Securities Commission (SC) or the exchange after the 24-month grace period.
Nevertheless, this would only be done on a case-by-case basis and based on the requirements made by the companies to Bursa Malaysia.
The local stock exchange operator said it is cognisant that the COVID-19 pandemic would have a material impact on the efforts and ability of PN17/GN3 companies to regularise their financial condition.
"As such, we have introduced a relief measure on March 26, 2020, whereby companies that trigger any of the criteria of PN17/GN3, between Jan 2, 2019 and Dec 31,2020, are accorded a longer period of 24 months, instead of the existing 12 months, to submit their regularisation plans to the SC or the exchange.
"The exchange will consider granting a further extension of time (more than 24 months) if required on a case-by-case basis, taking into account the justifications and material developments at that point of time," Bursa Malaysia told Bernama in an email interview recently.
Meanwhile, additional relief measures were also announced on April 16, 2020, whereby Bursa Malaysia said companies that triggered any of the suspended criteria between April 17, 2020 and June 30, 2021, would not be classified as a PN17 or GN3 company for 12 months.
This aims to provide a greater flexibility to the affected listed companies to focus on sustaining their businesses and operations and regularise their financial condition thereon.
"After the 12-month period, the affected listed companies will be required to re-assess their condition to see if it continues to trigger any of the criteria of PN17 or GN3.
"If it continues to trigger any of the said criteria, then they will be classified as PN17 or GN3 and will be required to comply with the obligations," it said.
PN17 classification involves financially distressed companies that are listed on Bursa Malaysia's Main Market, while GN3 status refers to distressed companies that are listed on the ACE Market.

Posted by maimunah > Aug 6, 2020 11:13 AM | Report Abuse

Six companies trigger PN17/GN3 criteria
Six companies, which accounted for 0.67 per cent of the total listed companies on Bursa Malaysia, have triggered the suspended criteria of PN17 and GN3 as at July 28, 2020.
That consisted of five Main Market listed companies and one ACE Market listed company, respectively, according to Bursa Malaysia.
"Apart from AirAsia Group Bhd, four other Main Market companies that have triggered the suspended criteria of PN17 as at April 17, 2020 were, namely Gets Global Bhd, Ikhmas Jaya Group Bhd, Khee San Bhd, and Cymao Holdings Bhd, while Bahvest Resources Bhd has triggered the suspended criteria of GN3," it said.
However, Bursa Malaysia said these companies would not be classified as PN17/GN3 companies, and would not be required to comply with the obligations under the paragraph/Rule 8.04 and PN17 or GN3 of the listing requirements for 12 months, following the relief measures announced by the exchange on April 16, 2020.
To record, Bursa Malaysia said 23 companies had been classified under PN17 and three companies under GN3 as at July 28, 2020, representing 2.89 per cent of the total companies listed on the local exchange during the period.

Posted by maimunah > Aug 6, 2020 11:13 AM | Report Abuse

Relief measures will uplift companies from PN17/GN3 status
Commenting on Bursa Malaysia’s relief measures, Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said they would help companies to be uplifted from the PN17/GN3 status, thus enabling them to increase the threshold for new issue of securities to facilitate and expedite fundraising.
Under one of the relief measures announced on April 16, 2020, a listed issuer can now increase the general mandate threshold for new issue of securities from the existing 10 per cent to not more than 20 per cent of the total number of issued shares.
However, Adam reckoned that should COVID-19 remain unresolved, cash preservation is one of the key steps that companies should take to be uplifted from the PN17/GN3 status.
He said it could also be done via prudent management of capital expenditure, especially in regard to expansion plans.
“We do not discount the possibility of more companies falling into such status (by year-end), especially companies that depend on the global supply chain amid the resurgence of COVID-19 cases worldwide which may prompt another series of lockdown.
“Sectors that are vulnerable include manufacturing that rely on exports and the global supply chain,” he said, while advising companies to manage their working capital more prudently and perhaps, restructure debt with financial institutions if it is over-geared.

Posted by georgethefirst > Aug 6, 2020 3:40 PM | Report Abuse

Macam LONBISC, same boss same fate.

Posted by STILLMAN > Aug 10, 2020 12:15 PM | Report Abuse

white knight coming. Stay tune

Posted by Jeffreyteck > Aug 14, 2020 9:34 AM | Report Abuse

After warned london biscuits 3 years ago which ultimately gone. Est this follows the same path. ST trading play. LT ---ve.

Posted by duitKWSPkita > Aug 16, 2020 5:25 PM | Report Abuse

Kheesan will kheesiao again!!!!










Kheesan will kheesiao again!!!!











Kheesan will kheesiao again!!!!











Kheesan will kheesiao again!!!!

Posted by apple1999 > Aug 18, 2020 3:37 PM | Report Abuse

no volume, what happen

Posted by Jeffreyteck > Aug 20, 2020 8:04 AM | Report Abuse

Still well supported despite knowing potentially like london biscuits.

Posted by Jeffreyteck > Aug 26, 2020 2:09 PM | Report Abuse

Soon be a cash rich co after successfully suing bankers.

Posted by lee_m2020 > Aug 26, 2020 8:08 PM | Report Abuse

what was the case?

Posted by bnmacai > Aug 27, 2020 2:55 AM | Report Abuse

Haha. Kheesan become kheesiao. Suka2 then sue, like it’s free to engage a lawyer

Posted by CUTLOST > Sep 9, 2020 8:23 PM | Report Abuse

No volume..

Posted by apple1999 > Nov 3, 2020 5:01 PM | Report Abuse

coming? slowly up

Posted by michaeso > Jan 15, 2021 8:44 PM | Report Abuse

Good luck everyone