KLSE: MAGNUM (3859)       MAGNUM BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
2.56   +0.01 (0.39%)  2.55 - 2.58  54,100
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General Meeting

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Ann. Date Date Time Type Venue View
29-Apr-2019 29-May-2019 09:30 AGM Grand Ballroom, First Floor, Flamingo hotel by the lake, No. 5 Tasik Ampang, Jalan Hulu Kelang, 68000 Ampang, Selangor Darul Ehsan Meeting Detail
27-Apr-2018 30-May-2018 09:00 AGM Grand Ballroom, First Floor, Flamingo hotel by the lake, No. 5 Tasik Ampang, Jalan Hulu Kelang, 68000 Ampang, Selangor Darul Ehsan Meeting Detail
27-Apr-2017 26-May-2017 09:00 AGM Grand Ballroom, First Floor, Flamingo hotel by the lake, No. 5 Tasik Ampang, Jalan Hulu Kelang, 68000 Ampang, Selangor Darul Ehsan Meeting Detail
28-Apr-2016 08-Jun-2016 10:30 AGM Grand Ballroom, First Floor, Flamingo hotel by the lake, No. 5 Tasik Ampang, Jalan Hulu Kelang, 68000 Ampang, Selangor Darul Ehsan Meeting Detail
29-Apr-2015 29-May-2015 10:30 AGM Grand Ballroom, Flamingo hotel by the lake 5 Tasik Ampang, Jln Hulu Kelang, 68000 Ampang, Selangor Meeting Detail
02-Jun-2014 20-Jun-2014 11:30 EGM The Grand Ballroom, 1st Floor, Flamingo by the lake, 5 Tasik Ampang, Jalan Hulu Kelang, 68000 Ampang Selangor Darul Ehsan Meeting Detail
26-May-2014 20-Jun-2014 10:30 AGM Grand Ballroom, First Floor, Flamingo by the lake, No. 5 Tasik Ampang, Jalan Hulu Kelang, 68000 Ampang, Selangor Darul Ehsan. Meeting Detail
27-May-2013 21-Jun-2013 11:00 AGM Multi-Purpose Hall 25th Floor, Menara Multi-Purpose Capital Square No.8, Jalan Munshi Abdullah 50100 Kuala Lumpur Meeting Detail
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  3 people like this.
limkokthye the house always win
19/11/2019 10:54 PM
pushparaj Better than bank FD. 5.60% yield
20/11/2019 7:08 PM
RainT thereis lots more counter than dividend yield above 5%
21/11/2019 5:10 PM
sg999 WHICH 1?
22/11/2019 9:46 PM
flexibt 33 cents dividend? dont bluff lah
22/11/2019 9:51 PM
Jeffreyteck Waiting for U Mobile listing to breach 3 but may takes time. Dec results est +/-10% with final div est 5%.
27/11/2019 9:45 AM
member41 https://www.theedgemarkets.com/article/u-mobile-targets-us500m-ipo
27/11/2019 1:56 PM
member41 Ipo coming
27/11/2019 1:56 PM
milan21 it mention as early as end of 2020........
27/11/2019 2:38 PM
sg999 so got special dividen once umobile listed?
27/11/2019 11:09 PM
cmtfly The main shareholder of umobile is berjaya vt & its group, magnum is only having minority interest. Don't be too excited over the umobile ipo and special dividend is yet to confirm.
28/11/2019 10:33 AM
cmtfly It's better to go for bjtoto than magnum. As compare between bjtoto & magnum, the wide difference of 10 over cents is enough to do a cross over now. VT is now restructured his bj empire to gain more control over bjtoto to reap the ultimate fruits from bjtoto businesses.
28/11/2019 10:42 AM
AllanTingAS Will queue at RM2.65, comfort zone. I think.!
29/11/2019 7:56 AM
Goodluck886 Wat happen for magnum?keep drop ......
03/12/2019 3:47 PM
Nepo It's Almighty! Taxed RM183 Million
December 6, 2019
(Kuala Lumpur, 6th) Magnum (magnum, 3859, motherboard consumer stocks) has once again become the dead soul of the inland tax bureau's tax recovery!

Magnum filed with the exchange, and the Revenue Authority stated that Multi-Purpose International (MPIL), Magnum's wholly-owned subsidiary in Labuan, owed a total of 182.8 million 467.46 ringgit in taxes from 2014 to 2018.

In May 2017, Magnum's subsidiary, Magnum Holdings Pte Ltd, was fined by the Revenue Department for a total of RM47.47 million in fines and taxes.
06/12/2019 7:19 PM
Nepo On 29 November 2019, Multi-Purpose International Limited ("MPIL"), a Labuan company which is wholly owned by Magnum Berhad (and which was set up pursuant to the Selective Capital Reduction ("SCR") exercise by Magnum Corporation Berhad), had received via e-mail notices of assessment for income tax dated 29 November 2019 for the years of assessment 2014, 2015, 2017 and 2018 amounting to RM40,361,327.82, RM40,378,374.75, RM38,755,291.78 and RM24,555,383.55 respectively. On 2 December 2019, MPIL received via e-mail the notice of assessment dated 29 November 2019 for the year of assessment 2016 amounting to RM38,754,296.16.

The Inland Revenue Board ("IRB") now claims that MPIL should be taxed under the Income Tax Act 1967 instead of the Labuan Business Activity Tax Act 1990. Since its establishment, MPIL’s income including its interest income had been duly assessed under the Labuan Business Activity Tax Act 1990, a position which the IRB had never questioned in the past. Upon consulting its tax solicitors, the Board of Directors is of the view that there are reasonable grounds to challenge the validity of the said notices and the penalty imposed. This is especially given that the interest income which the IRB is seeking to subject to income tax had been disallowed as interest expense which were incurred for the same SCR exercise at the hand of the payer namely, Magnum Holdings Sdn. Bhd. and reflected as part of the settlement of previous tax audit conducted by the IRB on the Group in 2017.

It is anticipated that there will not be an immediate financial impact on the Group as the Board is seeking to secure a stand over pending the resolution of this matter.

This announcement is dated 6 December 2019
06/12/2019 7:25 PM
Biker2b déjà vu 2017 - go to court then amicably reach mutual consent for settlement.
06/12/2019 7:57 PM
DollyLucky Big drop coming Monday.
07/12/2019 4:40 PM
William Ng Drop to RM1 again
07/12/2019 4:45 PM
JacLow In 2017 kena 47mil..price went to all time low 1.65.
I wonder now 183 mil..price will go to where
07/12/2019 5:07 PM
smalltimer Has there been bully tactics?
07/12/2019 5:18 PM
Czarll RM 180m divide by 1430m share, RM0. 125 only....
07/12/2019 5:54 PM
Biker2b @JacLow, that was the final settlement amount. initially IRB was asking for RM476.5 Mil
07/12/2019 6:48 PM
AllanTingAS Luckily my queue price not match! Waiting for monday how market react on these bad news?
07/12/2019 11:00 PM
tigerball hope can limit down
07/12/2019 11:03 PM
sg999 Please limit down.
07/12/2019 11:26 PM
Jeffreyteck Those companies with sudden substantial one off impairment, unable to submit accounts, highly suspicious accounts etc no stern actions taken. Those perform better always become the target but non performers were rewarded. That is how it works here.
Anyway, volatility is always opportunities. Good luck everyone.
08/12/2019 9:58 AM
Jeffreyteck TP temporarily revise down to 2.00_2.50 amid uncertainty of tax issues.
08/12/2019 10:00 AM
freddiehero earn.lot money but don wan pay tax..
08/12/2019 10:06 AM
shareinvestor88 Sell tp 1
08/12/2019 3:24 PM
JacLow n 2017 kena 470mil..price went to all time low 1.65. 
I wonder now 183 mil..price will go to where.
Mean now will reduce 30 sen
08/12/2019 5:59 PM
sg999 lelong lelong tomorrow.
08/12/2019 9:42 PM
William Ng Tomolo 2.4
08/12/2019 10:45 PM
smalltimer Today oledi tomolo
09/12/2019 5:40 PM
sg999 1.9 plsssss.
09/12/2019 6:00 PM
FLINV Hope to 1.60
10/12/2019 12:21 AM
Fintec_PA Drop >10 sen give SD 5 sen(provided any) got use?

Nov 27, 2019 11:09 PM | Report Abuse
so got special dividen once umobile listed?
10/12/2019 7:29 AM
cmtfly Umobile is belonged to berjaya and magnum has only a small shares, don't put high hope to give special dividend
10/12/2019 9:54 AM
weh9168 Based on the recent report by research house the 6percent stake magnum has in u mobile is worth about RM 300million. Very unlikely Magnum will keep the 6percent stake
10/12/2019 6:53 PM
sg999 special dividen coming???
11/12/2019 12:28 PM
smalltimer Lelong? Wakaka
11/12/2019 4:14 PM
newbie2y if they sell the u-mobile stake for 300mil, then it will be about 20sens per share...^_^
24/12/2019 12:00 PM
AllanTingAS Market information is 0.20~0.30/ share. But the issue is when to enter??? experience, luck and science! See all and happy new year!
24/12/2019 9:04 PM
katsul51 I am optimistic 2020 would be a slightly better year for magnum with positive single digit growth in top line and hopefully a fantastic growth in bottom line. I would be eagerly awaiting for tax appeal and hopefully the result would be in magnum's favour. Hope that the NFO sector would be spared again in budget 2021 in relation to sin tax.
01/01/2020 3:54 PM
weh9168 Annoucement made already
03/01/2020 7:44 PM
newbie2y no need to pay for now, till further judicial review..
06/01/2020 9:34 AM
sg999 support MAGNUM!!!!!!!!
06/01/2020 9:56 PM
t_nike2002 Nothing to be happy about... its just being granted leave to commence judicial review proceedings... still on-going...
07/01/2020 4:01 PM
t_nike2002 uncertainty and risks still prevail
07/01/2020 4:02 PM
limkokthye many people buy 4d jackpot
13/01/2020 10:10 PM


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