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Overview
Financial Highlight
HeadlinesBusiness Background Parkson Holdings Bhd is a Malaysian based company which is engaged in operating and managing departmental stores. Its brands include "Parkson" and "Centro". The stores offer well known international brands of fashion and lifestyle related merchandise. Parkson operates its business in segments namely Retailing and Property. Major part of its revenue is from the Retailing segment. It carries its retailing business in four geographical areas including Malaysia, China, Myanmar and Indonesia. The company generates its revenue from operation of stores, which comes from China.
  ks55 Stock: [PARKSON]: PARKSON HOLDINGS BHD Jul 6, 2017 2:53 PM | Report Abuse Parkson is a good case study. It is drifting downwards without any support level, everyday low just like Tesco slogan. You know characteristics of drifting counter? Unless sudden sharp fall with a surge in volume (associated with forced selling), or WC step down, or WC decide to sell all PRGL assets, or PRA sold to third party, or engaging external management consultant like Mc Kinsey to have organization restructuring, share price will drift downwards everyday. Why not WC using internal management team to conduct organization restructuring? Reasons: 1. Interference from WC. 2. Internal management teams are paid peanuts, so all are monkeys. Monkeys can only run monkey business. 3. Management consultants will be made accessible to all business entities within the group. What asset to dispose off, what asset to merge, how to cut operating cost, how to improve cash flow via fresh capital infusion, which dead wood to be removed, how to enforce and strengthen company policy statements, how to make CEO responsible and accountable, how to down size and optimization. 4. Management consultants will just make recommendations. They will have lesser consideration on one off losses, but more on turn around. Implementation all depends on will and wisdom of WC. 5. WC should place more trust on external expert recommendation, rather than seeking advice from his internal management team (all monkeys because paid with peanuts). Monkeys cannot give creative and innovative business direction. They just follow typical business model from book. 15/10/2020 8:28 PM adamsmith how about close all parkson, sell all property particularly in china as their valuation still years ago, then WC take private ??? 15/10/2020 8:56 PM Kabana1956 In the nutshell, stay away lo. Invest your hard earned money in other counters :D 16/10/2020 2:09 AM Hidup_PN OTHERS Announcement by Parkson Retail Group Limited - Major Transaction: Formation of Joint Venture PARKSON HOLDINGS BERHAD Type Announcement Subject OTHERS Description Announcement by Parkson Retail Group Limited - Major Transaction: Formation of Joint Venture We attach herewith the announcement made to The Stock Exchange of Hong Kong Limited ("The HKEx") on 16 October 2020 by Parkson Retail Group Limited ("PRGL"), a 54.97% owned subsidiary of the Company listed on The HKEx, in relation to the major transaction on the formation of a joint venture. On 16 October 2020, PRGL had announced that Shanghai Shengrui Commercial Management Co., Ltd., an indirect wholly-owned subsidiary of PRGL, and Hongxiang Real Estate Co., Ltd., a wholly-owned subsidiary of Hongxiang Holding Group Co., Ltd., had on 15 October 2020 entered into a joint venture cooperation agreement ("Joint Venture Cooperation Agreement") to establish the joint venture to jointly locate suitable land resources within Jiaxing City of Zhejiang Province in the People's Republic of China for future development and construction of properties on such land resources ("Joint Venture"). As one or more of the applicable percentage ratios in respect of the consideration under the Joint Venture Cooperation Agreement are more than 25% but all of such ratios are less than 100%, the entering into the Joint Venture Cooperation Agreement constitutes a major transaction of PRGL under Chapter 14 of the Rules Governing the Listing of Securities on The HKEx ("Listing Rules") and is therefore subject to announcement, circular and shareholders' approval requirements under Chapter 14 of the Listing Rules. In this regard, the written approval of certain shareholders interested in an aggregate of 1,448,270,000 ordinary shares of HK$0.02 each, representing approximately 54.97% of the total number of issued shares of PRGL, has been accepted in lieu of holding a general meeting of PRGL pursuant to Rule 14.44 of the Listing Rules. The formation of the Joint Venture does not have a material impact on the earnings of the Group for the financial year ending 30 June 2021 and the net assets of the Group based on the audited consolidated statement of financial position of the Company as at 30 June 2020. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3096776 16/10/2020 9:00 AM speakup Parkson suspended cos going to announce Parkson Gloves Look at Mah Sing today..... fly cos venturing into Mah Sing Gloves Parkson Gloves is coming, not a dream 16/10/2020 9:34 AM adamsmith development and construction of commercial and residential complexes in china 16/10/2020 9:42 AM adamsmith Date 15 October 2020 Parties (a) Shanghai Shengrui; and (b) Hongxiang Real Estate. The ultimate beneficial owners of Hongxiang Real Estate are Yao Yueliang, Yao Weibing and Song Chengmei. To the best knowledge and belief of the Directors having made all reasonable enquiries, Hongxiang Real Estate and its ultimate beneficial owner(s) are third parties independent of, and not connected with, the Company and its connected persons (as defined under the Listing Rules). Purpose for the formation and business scope of the Joint Venture Shanghai Shengrui and Hongxiang Real Estate intend to jointly locate suitable land resources within Jiaxing City of Zhejiang Province in the PRC for the future development and construction of properties on such land resources. They intend to acquire the land use rights of plots of land to be used for (a) commercial and residential purposes, which include the development and construction of commercial and residential complexes; and (b) commercial and retail purposes, which include the development and construction of commercial shopping centres, located in the aforementioned area. Capital commitments Pursuant to the Joint Venture Cooperation Agreement, the parties will initially make a total contribution of an amount of RMB1,550,000,000, in which Shanghai Shengrui will make capital contribution of an amount of RMB450,000,000 by cash and by way of shareholder’s loan, and Hongxiang Real Estate will make capital contribution of an amount of RMB1,100,000,000 by cash and by way of shareholder’s loan. 16/10/2020 9:45 AM speakup Parkson gloves up 17% not as hot as Mah Sing gloves Parkson need to improve their "Goreng" marketing 16/10/2020 10:11 AM speakup heard Parkson signed 4 agreements recently with suppliers of nitrile butadiene rubber and later rubber 16/10/2020 10:13 AM speakup Parkson expects phase 1 with 8 production lives to see production of 2 billion gloves 16/10/2020 10:15 AM speakup heard Parkson has a few prospective customers already lined up to take up their entire production in phase 1 16/10/2020 10:16 AM speakup phase 2 Parkson will increase another 8 production lines to produce a combined total of 4 billion gloves 16/10/2020 10:17 AM speakup insiders with privileged info on parkson gloves accumulating parkson that's why up 10% now 16/10/2020 10:23 AM adamsmith forget gloves , parkson properties in china is in very good location and the valuation is years ago. now they start stepping into property development 16/10/2020 10:29 AM wehcant Announcement didn't mention about venturing into gloves. Don't fall into the trap. 16/10/2020 10:31 AM investorbat venturing into property is good,finally make some move from retailing ,maybe the news made parkson shot to 0.30 last month,some insider knew it,otherwise i could not find any reason with huge volume to 0.30 16/10/2020 10:40 AM CheeseHunter The future is bleak. Those who still holding this should just let go. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3096766 16/10/2020 12:02 PM zonedfler CheeseHunter bursa is a psycho market. Don’t worry, PN17 companies stocks also can limit up 16/10/2020 1:13 PM Amirman8271 Just hold on what u believe.. some negative thought only want you to throw at cheapest price 16/10/2020 7:34 PM newstep based on the news, this counter should be active but why is it dead.. like not moving at all any expert here to advice? 19/10/2020 11:37 AM Change_ drop bec politics news more? Anwar WC supporter cannot be PM behind drop? 19/10/2020 12:33 PM onexoxdealer Parkson Holdings Bhd’s 55.0%-owned subsidiary Parkson Retail Group Ltd has entered into an agreement with Hongxiang Real Estate Co Ltd to establish a joint venture to jointly locate suitable land resources within Jiaxing city of Zhejiang province in China for future development and construction of properties on such land resources. (The Edge) 20/10/2020 4:49 AM clp72 that has got nothing to do with Parkson here la... you guys will try to find any connection to things... lol 20/10/2020 9:06 AM Hidup_Anwar Up 0.5 sen. If want to break 30 sen PM Muhyiddin highest; Anwar must be PM 9? 20/10/2020 10:50 AM Nancy Boon Parkson in China their shopiing is not bad not like in Malaysia real big shopping center.I think should be fine. I still holding waiting, hope so I right is just my view no offence. fly please. 20/10/2020 11:25 AM j11an9 The parkson tw link I posted was obviously to troll the few ppl here who kept promoting parkson gloves n saying that it's coming, just wait... Lol.. 20/10/2020 12:45 PM j11an9 You seem like a decent, sensible person on the other counters, but here you're sounding like a silly looney.. 20/10/2020 2:53 PM  |
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