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Overview
Financial Highlight
Headlines
Business Background Marine & General Bhd is a Malaysian based investment holding company, involved in the upstream and downstream marine logistics business. It is engaged in providing offshore marine support services to oil and gas companies and tolled highway concessionaire. The company operates in Marine Logistics – Upstream and Marine Logistics – Downstream segments. It also offers downstream marine logistics services tankers to oil and gas companies and trading houses in the South East Asian region.
  Lee Chee Wee Think already bottomed out at 0.13. Tomorrow we should see a rebound towards 0.16. Buy at current price should be able to make some money. 07/01/2021 5:06 PM damansaraeagle M&G has been trading above its upward sloping 20-Day Moving Average which is a good sign. Furthermore, the next resistance level is quite far at 0.21. 08/01/2021 11:25 AM 2021willnotbetter ^ LUL bruh your sentence is so contradict. "This is stock market, no guarantee" but "10 cts sure comes" ??? HAHAHA! 11/01/2021 5:07 PM  StockHunters those who listened to me and bought @ 0.115/0.12 , congratulations! today you will be smiling to the bank :) 13/01/2021 1:21 PM 2021willnotbetter with the international oil price continue to going up, m&g sure will benefit from it. Expected to close green today with 0.14c. 15/01/2021 8:59 AM mayongzheng BURSA MALAYSIA SECURITIES BERHAD PN17 RELIEF MEASURES RESULTING IN M&G TRIGGERING SUSPENDED CRITERIA BUT NOT CLASSIFIED AS A PN17 LISTED ISSUER On 22 September 2020, the Company announced that on 31 July 2020, the Company has triggered the prescribed criteria pursuant to Paragraph 8.04 and Paragraph 2.1(a) of Practice Note 17 (“PN17”) of the Main Market Listing Requirements of Bursa Securities (“MMLR”) where M&G’s shareholders’ equity on a consolidated basis is less than 25% of the share capital and such shareholders’ equity is less than RM40 million. The ratio of M&G’s shareholders’ equity on a consolidated basis as at financial ended 31 July 2020 is 9.7% and such shareholders’ equity is RM26.1 million. In addition, the Company further announced that an indirect subsidiary, JMM, has completed a debt restructuring with its Lenders on 13 August 2020 and consequently recognised RM106.8 million gain. On 25 September 2020, the Company further announced that based on the unaudited management accounts as at 31 August 2020, the Group shareholders’ equity has increased from RM26.1 million as at 31 July 2020 to RM93.8 million and the ratio of the shareholders’ equity to share capital on a consolidated basis is 34.8%. As at 31 October 2020, the shareholders’ equity is RM83.9 million and the ratio of the shareholders’ equity to share capital on a consolidated basis is 31.1%. In view of the above, the Company no longer triggers the prescribed criteria pursuant to Paragraph 8.04 and Paragraph 2.1(a) of PN17 of the MMLR of Bursa Malaysia Securities Berhad. 15/01/2021 10:12 AM mayongzheng GROUP BORROWINGS AND DEBT SECURITIES Group borrowings and debt securities as at the end of the reporting period are as follows: In the prior year, the Group has reclassified total term loans and borrowings of approximately RM735 million from non-current liabilities to current liabilities as the PDRS has not been completed as at 30 April 2020. The total carrying amounts of loans and borrowings is approximately RM891 million. 15/01/2021 10:15 AM mayongzheng CASH AND CASH EQUIVALENTS Cash and cash equivalents comprised the following amounts: Total cash and cash equivalents RM31,264 ,000 15/01/2021 10:16 AM 2021willnotbetter 4. CONCLUSION In view of the above, M&G no longer triggers the prescribed criteria pursuant to Paragraph 8.04 and Paragraph 2.1(a) of PN17. This announcement is dated 22 September 2020. Hello? 15/01/2021 10:18 AM  | |
