KLSE: AMTEK (7051)       AMTEK HOLDINGS BHD Main Market : Consumer
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Market Cap: 9 Million

Market Cap 9 Million
NOSH 50 Million

Latest Audited Result:  30-Jun-2018

Latest Audited Result: 30-Jun-2018
Announcement Date 30-Oct-2018
Next Audited Result: 30-Jun-2019
Est. Ann. Date: 30-Oct-2019
Est. Ann. Due Date: 27-Dec-2019

Latest Quarter:  31-Dec-2018 [#2]

Latest Quarter: 31-Dec-2018 [#2]
Announcement Date 21-Feb-2019
Next Quarter: 31-Mar-2019
Est. Ann. Date: 17-May-2019
Est. Ann. Due Date: 30-May-2019
QoQ | YoY   -8.17%  |    83.76%

Annual (Unaudited) ( EPS: 10.48, P/E: -1.66 )

Revenue | NP to SH 15,960  |  -5,238
RPS | P/RPS 31.92 Cent  |  0.54
EPS | P/E | EY 10.48 Cent  |  -1.66  |  -60.29%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.19  |  0.92
YoY   -60.67%
NP Margin | ROE -32.51%  |  -55.14%
F.Y. | Ann. Date 30-Jun-2018  |  23-Aug-2018

T4Q Result ( EPS: -5.51, P/E: -3.15 )

Revenue | NP to SH 8,190  |  -2,755
RPS | P/RPS 16.38 Cent  |  1.06
EPS | P/E | EY -5.51 Cent  |  -3.15  |  -31.71%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.18  |  0.97
QoQ | YoY   34.23%  |    26.34%
NP Margin | ROE -33.64%  |  -30.61%
F.Y. | Ann. Date 31-Dec-2018  |  21-Feb-2019

Annualized Result ( EPS: -2.14, P/E: -8.12 )

Revenue | NP to SH 226  |  -1,070
RPS | P/RPS 0.45 Cent  |  38.44
EPS | P/E | EY -2.14 Cent  |  -8.12  |  -12.32%
DPS | DY | Payout % -
QoQ | YoY   -4.09%  |    82.27%
NP Margin | ROE -473.45%  |  -11.89%
F.Y. | Ann. Date 31-Dec-2018  |  21-Feb-2019

Hints :
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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
T4Q 21-Feb-2019 31-Dec-2018 2 8,190 -2,755 -2,755 -2,755 0 8,999 - % -33.64% -30.61% 49,998 16.38 16.38 -5.51 -5.51 0.00 0.00 0.1800 0.18   -152.58% 31-Dec-2018 0.27 1.65 -4.90 1.50 -20.41% 0.00% 21-Feb-2019 0.28 1.71 -5.08 1.56 -19.68% 0.00%
30-Jun-2018 23-Aug-2018 30-Jun-2018 4 15,960 -5,188 -5,188 -5,238 - 9,499 - % -32.51% -55.14% 49,998 31.92 31.92 10.48 10.48 0.00 0.00 0.1900 0.19   -60.67% 29-Jun-2018 0.29 0.91 -2.77 1.53 -36.13% 0.00% 23-Aug-2018 0.36 1.13 -3.44 1.89 -29.10% 0.00%
30-Jun-2017 28-Aug-2017 30-Jun-2017 4 25,822 -3,261 -3,261 -3,260 - 14,499 - % -12.63% -22.48% 49,998 51.65 51.65 -6.52 -6.52 0.00 0.00 0.2900 0.29   -24.47% 30-Jun-2017 0.38 0.74 -5.83 1.31 -17.16% 0.00% 28-Aug-2017 0.33 0.64 -5.06 1.14 -19.76% 0.00%
31-Mar-2017 29-May-2017 31-Mar-2017 3 18,228 -2,492 -2,492 -2,491 - 15,506 - % -13.67% -16.06% 49,998 36.44 36.44 -4.98 -4.98 0.00 0.00 0.3100 0.31   -8.21% 31-Mar-2017 0.28 0.77 -5.62 0.90 -17.79% 0.00% 29-May-2017 0.38 1.04 -7.63 1.23 -13.11% 0.00%
30-Jun-2016 30-Aug-2016 30-Jun-2016 4 31,799 -2,614 -2,620 -2,619 - 17,999 - % -8.24% -14.55% 49,998 63.60 63.60 -5.24 -5.24 0.00 0.00 0.3600 0.36   31.10% 30-Jun-2016 0.25 0.39 -4.77 0.69 -20.95% 0.00% 30-Aug-2016 0.26 0.41 -4.96 0.72 -20.15% 0.00%
31-Mar-2016 31-Mar-2016 3 24,516 -2,303 -2,303 -2,302 - 18,015 - % -9.39% -12.78% 49,998 48.99 48.99 -4.60 -4.60 0.00 0.00 0.3600 0.36   - % 31-Mar-2016 0.23 0.47 -5.00 0.64 -20.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
30-Jun-2015 28-Aug-2015 30-Jun-2015 4 40,168 -3,333 3,802 -3,801 - 20,499 - % 9.47% -18.54% 50,000 80.34 80.34 -7.60 -7.60 0.00 0.00 0.4100 0.41   -2,084.48% 30-Jun-2015 0.51 0.63 -6.71 1.24 -14.91% 0.00% 28-Aug-2015 0.23 0.29 -3.03 0.56 -33.05% 0.00%
30-Jun-2014 27-Aug-2014 30-Jun-2014 4 45,344 908 -175 -174 - 24,499 - % -0.39% -0.71% 49,998 90.69 90.69 -0.35 -0.35 0.00 0.00 0.4900 0.49   73.11% 30-Jun-2014 0.62 0.68 -178.16 1.27 -0.56% 0.00% 27-Aug-2014 0.505 0.56 -145.11 1.03 -0.69% 0.00%
30-Jun-2013 29-Aug-2013 30-Jun-2013 4 47,269 230 -812 -647 - 24,499 - % -1.72% -2.64% 49,998 94.54 94.54 -1.29 -1.29 0.00 0.00 0.4900 0.49   -288.08% 28-Jun-2013 0.17 0.18 -13.14 0.35 -7.61% 0.00% 29-Aug-2013 0.245 0.26 -18.93 0.50 -5.28% 0.00%
30-Jun-2012 30-Aug-2012 30-Jun-2012 4 49,382 607 343 344 - 24,999 - % 0.69% 1.38% 49,998 98.77 98.77 0.69 0.69 0.00 0.00 0.5000 0.50   -95.35% 29-Jun-2012 0.25 0.25 36.34 0.50 2.75% 0.00% 30-Aug-2012 0.25 0.25 36.34 0.50 2.75% 0.00%
30-Jun-2011 25-Aug-2011 30-Jun-2011 4 43,602 7,824 7,403 7,405 - 24,999 - % 16.98% 29.62% 49,999 87.20 87.21 14.81 14.81 0.00 0.00 0.5000 0.50   309.48% 30-Jun-2011 0.19 0.22 1.28 0.38 77.95% 0.00% 25-Aug-2011 0.17 0.19 1.15 0.34 87.12% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

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  Rusli Widad likes this.
Musang King @commonsense Understand your concerns. You are right. Many things become private and they only ask us to attend AGM once a year. But as a rich corporate owner like Syed Azmin, do you think he can stand minorities fxxking him left and right exposing his unearthly behaviours over social media. Surely he would offer something to buy all the minorities shares once and for all at a price he can offer. If you do a due diligence on all the companies owning Amtek shares from Top 1 to 8, some have spent hundred of millions doing businesses inside this Amtek's properties. There are over hundred of millions RM stated as unsatisfied meaning they have took loans from Bankers to do businesses. Most of the top 8 companies are related to Syed Azmin and the cost of owning Amtek Shares in their books of records show Megaplace Sdn Bhd ( Estimated RM1.49 cost per share to own Amtek), Rintitan Jaya Sdn Bhd cost RM6.67 per share to own Amtek. Silauan Mentari Sdn Bhd took RM1.578 to own a piece of Amtek share and many others. They are not P&C coz I got all these figures gathered from SSM searches.

I understand they bought these Amtek shares way back from the beginning of the public listing while we only bought them recently maybe a year or two.
13/03/2019 6:49 PM
jowong7 Amtek, mind to tell me how they increase their property size from 7,479 sq mtr to 28,328 sq mtr? bearning in mind they dispose Wisma Amtek (7479 sq mtr).
13/03/2019 7:36 PM
jowong7 the one listing in Iproperty is a Office cum Warehouse/Factory equivalent to the property description in Amtek 2018 annual report i.e. 2 1/2 storey semi-detached factory. Please go to Page.90 Amtek 2018 Annual report.
13/03/2019 7:40 PM
jowong7 Page 90 Amtek 2018 Annual Report, property address : 12-K, Jalan Tandang,Seksyen 51,
46050 Petaling Jaya, Selangor Darul Ehsan. Currently, Amtek rented this premise to HeloGang at RM18000 per month. https://helogang.com/

MPH warehouse address = No 13, Jalan Tandang 204a, Pjs 51, 46050 Petaling Jaya, Selangor. Different Address.
13/03/2019 8:13 PM
Musang King Lot 12 & 13 is under Amtek - 7 acres of land. See below. He is very active in Amtek's business.

Dato’ Ng Tieh Chuan, a Malaysian, male, aged 60 and is an Independent Non-Executive Director of the Company. He was appointed to the Board on 28 June 2012. During the financial year ended 30 June 2017, he has been admitted and elected asthe Chairman of the Nomination and Remuneration Committee and the member of the Audit Committeeof the Company effective 28 February 2017.

Dato’ Ng is the Chief Executive Officer of the MPH Group of companies in Malaysia and Executive Director of TMR Media (Publisher of The Malaysia Reserve).
14/03/2019 12:58 PM
Musang King Inside the 2011 Annual Report.
(a) On 2 April 2010, the Company entered into a share sale agreement with its related party, Commerce Dot Com
Sdn. Bhd., to dispose off its entire equity interest in its subsidiary company, Amtek Realty Sdn. Bhd., for a total
cash consideration of RM4.6 million. The disposal has been completed on 30 August 2010.
14/03/2019 1:23 PM
jowong7 7 acres of land is equivalent to 4 soccer fields. in today's world, large tract of land in pj won't go unnoticed in investment world.

12-K, Jalan Tandang,Seksyen 51, 46050 Petaling Jaya, Selangor Darul Ehsan is next to powerware system sdn bhd, associate of sunway-hitachi (address 12J, Jalan Tandang Seksyen 51 47500 Petaling Jaya Selangor Darul Ehsan, Malaysia).

since you are staying in pj and have bought amtek shares, why don't pay a visit to helogang premise first to have a clearer picture. then only u drive to mph warehouse which is separated apart from the property stated in Amtek Annual report.
14/03/2019 1:29 PM
jowong7 AMTEK Minorities Inside the 2011 Annual Report.
(a) On 2 April 2010, the Company entered into a share sale agreement with its related party, Commerce Dot Com
Sdn. Bhd., to dispose off its entire equity interest in its subsidiary company, Amtek Realty Sdn. Bhd., for a total
cash consideration of RM4.6 million. The disposal has been completed on 30 August 2010.

Yup, Amtek already disposed Wisma Commercedotcom (Amtek Realty) in 2011. Hence, this property is not under Amtek Berhad.
14/03/2019 1:47 PM
jowong7 the lot 12-k was bought together with Apparel International ( Crocodile) in 2010. It was the office and warehouse of crocodile brand. That's the reason property 12-k appeared in property list, whereas Wisma Commercedotcom was disposed in the same year. Part of their reorganization plan.

On 26 May 2010, Amtek Garment Sdn. Bhd., a subsidiary company of the Company has entered into several sales
and purchases agreements to acquire the entire equity interest in Apparel International Sdn. Bhd. (formerly known as
Crocodile Sdn. Bhd.) (“Apparel International”), comprising 3,500,000 ordinary shares of RM1.00 each, representing
100% equity interest in Apparel International, for a total cash consideration of RM9,580,405.
The acquisition has been completed on 30 August 2010.
14/03/2019 2:07 PM
jowong7 take some time, pay a visit to both premises. waze the exact address. u will have a clear picture.
14/03/2019 2:08 PM
Musang King Right. Maybe Apparel International bought this 28,328 sq mtr land on the 01/09/2009 for RM6.213 Million and later the whole company was acquired by Amtek at a price of RM9.58 Million. That means Amtek made a Good Buy for this 100% Apparel International shares on 26 May 2010.

Is this land swap or shares swap in 2010 (called Restructuring Exercises in 2010) between Amtek Holdings and Amtek Realty made possible by arrangements from Ambank Group? Because every companies has Am in front.
14/03/2019 3:33 PM
jowong7 Amtek....logically, in year 2010, 7 acres of land in pj can't be transacted at the price of 6million. example, brand essences factory carpark at PJ with a lease expiring in 2066, were transacted at RM308 psf in 2016.

anyhow, the 12-k corner lot factory, should worth some value,maybe RM0.2 per share, couple with net cash RM2mil, still some value in the company.
14/03/2019 3:41 PM
Musang King Possible. It was done in a basis of Willing Buyer Willing Seller especially when debts restructuring was involved inside Apparel International's management. As you can see, even Commerce.Dot.Com bought our Lot 15 at a price of RM4.6 Million for RM57.14 psf plus liabilities inside while Amtek bought over Apparel International for RM31.42 psf plus liabilities inside.
14/03/2019 3:56 PM
jowong7 Lot 15 was valued at RM18 million , the final price RM4.6 was because of the buyer assuming liabilities which consist of mortgage. RM18 million for a 6 storey leasehold building in 2010 should be fair.
14/03/2019 3:59 PM
Musang King . Pls refer Page 90 of the AR 2011 under 26(e). It stated very clearly that the Purchase Price of Amtek Realty was RM4.6 Mil + Trade Payables of RM4.6 Mil + Bank Borrowings of RM10.9 Mil + Tax Liability of RM0.1 Mil. ( All in - Amtek made RM1.542 Million in Gain in Disposal.

So in another word. The Cost of buying Lot 15 by Commerce.Dot.Com was actually RM18 Mil + RM1.542 = RM19.542 Mil over 80503 sq ft of land equals RM242.75 psf. transacted in Year 2010.
14/03/2019 4:31 PM
Musang King So by calculation, Amtek owns 304,922 sq ft of land next to Lot 15 where price of the land was transacted for RM242-75 psf in 2010. Imagine how much the land worth now, which 9 years after 2010. Calculation : 304,922 x 242.75 psf (2010 price) = RM74 Mil ( 2010 price if comparison is made then ). Now it should worth at least over RM300-00 psf by my estimation.
14/03/2019 4:36 PM
jowong7 RM242.75 psf is a fair price. I am not saying it's not fair. but 7 acres of land @ RM9.5 mil is illogical right?
14/03/2019 4:39 PM
jowong7 anyhow, u can ask amtek directors to confirm on this during agm.
14/03/2019 4:42 PM
Musang King I asked. They dare not reveal anything. Hahahaaa
14/03/2019 4:47 PM
Musang King Hahahaa..Everything is strictly P&C in this world. We can be charged with insider trading if we get Directors to involve. Many people got charged already. If we want answers, we have to find them out our ownself through today's searches provided by the Bursa and SSM.
14/03/2019 5:07 PM
Musang King Extracted From the 2011 ANNUAL REPORT.

On 26 May 2010, Amtek Garment Sdn. Bhd., a subsidiary company of the Company has entered into several sales
and purchases agreements to acquire the entire equity interest in Apparel International Sdn. Bhd. (formerly known as
Crocodile Sdn. Bhd.) (“Apparel International”), comprising 3,500,000 ordinary shares of RM1.00 each, representing
100% equity interest in Apparel International, for a total cash consideration of RM9,580,405.
The acquisition has been completed on 30 August 2010.
Details of net assets acquired are as follows:
Identifiable assets and liabilities value Fair value
Property, plant and equipment 8,266,883 8,266,883
Investment properties 4,235,007 4,235,007
Inventories 22,655,013 19,580,105
Receivables 9,067,924 9,067,924
Taxation 494,680 494,680
Cash and bank balances 1,831,010 1,831,010
Deferred tax (liabilities)/assets (412,500) 355,000
- Bank overdraft (921,836) (921,836)
- Others (14,051,492) (14,051,492)
Payables (12,745,933) (12,938,525)
Identifiable net assets acquired 18,418,756 15,918,756
Excess of fair value of net assets acquired over purchase consideration (8,838,351) (6,338,351)
Purchase consideration 9,580,405 9,580,405
14/03/2019 6:01 PM
Musang King On top of paying cash on acquisition of 100% shares of Parallel International 3.5 Million Shares for RM9,580,405-00, Amtek had to bear all the Liabilities inside that company that amounted to Borrowings RM15 Millions but overall Amtek made an extra RM8.838 Millions as Excess of fair value of net assets acquired at that point of time.

Of course Amtek had to run the company at gain and mostly losses over the period of 9 years from 2010 to 2018. Based on willing buyer willing seller basis, the purchase consideration for Parallel International ( Formerly known as The Crocodile ) was RM2.737 per share for 3,500,000 shares in 2010 which was a Fair Value for Sale of Crocodile 3.5 Million shares.

As such, the Land Value remains stated at cost in Amtek Accounting Book until now.
14/03/2019 6:16 PM
Musang King Amtek 2011 Annual Report Page 98 Note 29(c) :

On 26 May 2010, Amtek Garment Sdn Bhd. (“Amtek Garment”), a wholly-owned subsidiary company entered
into several sales and purchases agreements to acquire the entire equity interest in Apparel International Sdn.
Bhd. (formerly known as Crocodile Sdn. Bhd.) (“Apparel International”) comprising 3,500,000 ordinary shares
of RM1.00 each, representing 100% equity interest in Apparel International, for a total cash consideration of
RM9,580,405. The acquisition has been completed on 30 August 2010.
14/03/2019 6:21 PM
Musang King It was an outright purchase for the whole company as a willing buyer willing seller basis for RM2-737 per share and later Amtek had to bear all the losses from 2011 to 2018 that leads to the eventual sales of the Crocodile business at a loss last year.
14/03/2019 6:25 PM
Musang King It is now clear that everything was explained clearly in the 2011 Annual Audit Report. The size of the land must be accepted according to what was reported year after year from 2011 to 2018 by their Accountants, Directors, Internal Audit Commitee and The External Auditors governed strictly by our Malaysian and International Accounting and Auditing Standards as required under the Companies Act 2016.
14/03/2019 6:40 PM
commonsense Hi amtek minorities,

It seems u have done ur research on this investment. Hope u are right. Sincerely wishing u the best.

Good luck. Hope everything turns out well.
14/03/2019 6:47 PM
Musang King Yes. Thank you very much. I am very sure of Amtek. Looking at the past events how they bought 100% of Crocodile Sdn Bhd. I am impressed they have made it for us. The way they are taking it private is now believable. Thank you for your blessing for the best. TQ.
14/03/2019 7:35 PM
Musang King Today 15-3-2019 is the last final day to appeal Bursa's delisting from Amtek's management. If there is no appeal, 18th March 2019 is the last day of trading Amtek shares in the market. By 20-3-2019, Amtek will disappear from Bursa senerio. Please be informed. Wait and see Amtek appeals or not today?

Want to sell, please sell today. Maybe Monday Bursa stop Amtek from trading already.
15/03/2019 4:35 PM
Musang King I have done my part to help in buying Amtek shares. I have no hidden agenda and I write with utmost honesty and I report what I found all through searches and due diligence. I even willing to buy at higher prices than the last traded price of RM0.175 if investors want to join me but I notice there was not much buyers but quite a number of sellers. That's all for the time being. I assume Amtek trading is now closed for good, without anymore appeal from the management. Thank you all for listening especially calvinteo, jowong and commonsense. Bye. Maybe see you again some other shares. Cheers.
15/03/2019 5:14 PM
calvinteo I bought some since 10 days ago.
15/03/2019 5:41 PM
jackfruit Minorites so confidence ah..Amtek management cannot be trusted. They are thives. once delisted they will quitely shift Amtek registered office to Tanjong Rambutan and strip all the assets to their nominee. U think u can get your money back.
15/03/2019 7:03 PM

ARSB owns Wisma Amtek, a six and a half (6 ½) storey office building with two (2) storey warehouse annexed, basement car park and a guard house with a total gross built-up area of about 16,040 square meters (“sq mt”) within a piece of 99 years leasehold land (expiring on 29 December 2056) held under title, PN 10317, Lot 81, Section 20, Town of Petaling Jaya, District of Petaling, Selangor Darul Ehsan measuring approximately 7,479 sq mt. The building was issued with a certificate of fitness for occupation on 31 October 1998. Presently, AHB and its subsidiaries (“AHB Group”) occupy part of the fourth (4 th) floor of Wisma Amtek as its corporate office. The AHB Group also uses the warehouse of Wisma Amtek for storage of its stocks. The other floors of Wisma Amtek are presently rented to various tenants.

Amtek minorities...please read the word annexed warehouse. The current MPH warehouse were sold all-together with Wisma Amtek in 2010 to COMMERCE DOT COM SDN BHD. I know you have done a lot of searches but somehow I found all these information can't be ignored.
16/03/2019 12:14 PM
Musang King Correct.

I have told you Amtek Sold away Amtek Realty (ARSB) to Commerce.Dot.Com for a Purchase Consideration of RM4.6Million in 2010 as reported in the Audit Report 2011 and at the same time bought over Crocodile (M) Sdn Bhd ( Changed name to Apparel International Sdn Bhd) for RM9.580 Million as Purchase Consideration the same year.

@ jackfruit - There is nothing fishy about the report and everything was in order.

@commonsense - The land that the current MPH is using still belongs to Amtek covering a vast area of 28,328 sq mtr. as all reported in the Audited Reports from 2011 onwards right up to 2018.
16/03/2019 6:38 PM
Musang King @calvinteo - congratulations for successfully buying into Amtek on the last few days. I tried very hard to tell the investing public about Amtek's valuable assets but until now, very few people listened to me. Nevermind, as Jack Ma said, he tried very hard to tell people the truths about making money but nobody believes him. Hahahahaaaa...
16/03/2019 6:43 PM
jackfruit Minorities once Amtek delisted hope u can keep follow up with the management.otherwise it will be like promet.
16/03/2019 7:53 PM
jowong7 please google map Apparel International Sdn Bhd. take a look at the photo of Apparel International Sdn Bhd or Crocodile factory. the address clearly stated 12-K, Jalan Tandang,Seksyen 51, 46050 Petaling Jaya, Selangor Darul Ehsan. everything is very clear.
16/03/2019 8:47 PM
jowong7 u can decide whether this piece of property is a 7 acres warehouse.
16/03/2019 8:58 PM
dompeilee Suspended! Good riddance...another 50 mil shares supply taken off the market!

Thanks for the profit I earned from you in 2014! & thanks for the nice AGM food in Nov '14! =)
18/03/2019 11:18 AM
Musang King Further to the Company’s announcement dated 8 March 2019 and 11 March 2019, the Board of Directors of Amtek wishes to announce that Amtek will not be making an appeal to Bursa Malaysia Securities Berhad (“Bursa Securities”) in respect of Bursa Securities’ decision to de-list Amtek from the Official List of Bursa Securities. Therefore, the securities of the Company will be removed from the Official List of Bursa Securities on Wednesday, 20 March 2019.

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 Organisations 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, Amtek will continue to exist but as an unlisted entity and the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.

This announcement is dated 15 March 2019.
18/03/2019 4:27 PM
Musang King As Expected. A good move at the expense of a Public Listing in BSKL. Syabas, AMTEK Directors and Management. We now all rely on you all to do a good job for us Minorities. Do not let us down. Thank you.
18/03/2019 4:31 PM
afterlight Bye Amtek, bye Amtek Minorities
20/03/2019 12:37 PM
Musang King Officially, Amtek is now delisted today 20-March-2019.
20/03/2019 2:57 PM
Musang King Privatization
Making a public company private is a relatively simple maneuver that typically involves fewer regulatory hurdles than there are with private-to-public transitions. At its most fundamental basis, the private group makes an offer to the company and its shareholders, stipulating the price they are willing to pay for the company's shares. If a majority of the voting shareholders accept the offer, the bidder then pays the consenting shareholders the purchase price for every share they own.
25/03/2019 6:36 PM
Musang King Waiting to attend their AGM. Must attend if any of you is still having Amtek Shares.
25/04/2019 6:17 PM
ElloMate Hi @Beststock pertaining to the bit about Syed Azmin's unearthly behaviors being spread on social media, could you provide some context?
23/05/2019 10:52 PM
Musang King SYED AZMIN unearthly behaviours should be reported to our SSM and Securities Commission for taking Amtek private without letting the investors a choice to decide. By now, he should tell the investors what he should do with Amtek's assets and the monies inside the company. We should demand that either he himself buys over all the shares that he does not own or the Amtek itself buys back its own shares after re-valuation of all its assets by using its own money. SSM or SC should DO SOMETHING here to help release those INVESTORS got trapped by SYED AZMIN and his group of people.
07/06/2019 4:06 PM
08/06/2019 5:13 PM
Musang King Amtek got delisted. They never inform or contact the minority shareholders to update what is happening inside the group. SC just made don't know. Amtek Management made don't know. This is the status a a Delisted Public Entity in Malaysia.
13/09/2019 3:55 PM
Musang King Just feeling the company secretary is sitting there doing nothing from date of delisting until now. No News.
13/09/2019 3:58 PM
Musang King AGM is coming soon in November 2019.
05/10/2019 5:00 PM