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2016-12-21 10:43 | Report Abuse
CFO Lai resigned on 9-Dec-2016 and around the date, Soo Tee Wei and Tey Por Chen announced their disposal of 1.65 million and 30.6 million unit share. Therefore, who is another major shareholder buying the big chunk? Why announcement was timed at the same time when disposal is made on November?
2016-12-21 10:39 | Report Abuse
New shareholder Famous bluechip sdn. Bhd. acquired 3.629 million on 25 Nov 2016. This is the company registered in the state of selangor on 20/Jun/2016 and its main business is export and import of variety of goods without any particular specialization, therefore it is mainly for buying and selling purpose.
2016-12-09 16:26 | Report Abuse
MR SOO TEE WEI sold 1,650,000 @0.21 on Dec-5-2016, look like he had disposed the share at loss considered he had acquired it at higher price. Who he had sold to?
2016-11-04 14:22 | Report Abuse
There is 7.14 million trade receivable and out of it 3.12 million not yet impaired already lapse more than 30 days. If this will be impaired, then unless can have revenue more than 7 million next year, with assuming 50% profit margin, this impairment will cause it to continue to lose next year even there is project to do.
2016-10-24 09:39 | Report Abuse
this counter had been stuck at 0.070 to 0.085 and it would hardly move since there is no any incentive for me to move as it did not borrow money and it did not earn a lot of money either. So the owner cannot engage investor to make it go north and of course, it also did not want it to go south.
Stock: [IQZAN]: IQZAN HOLDING BERHAD
2017-05-15 18:56 | Report Abuse
It is blessing in disguise, when there is disagreement, the directors of each opposing groups help to uncover all the weaknesses of the system in board governance and their wrong doing. If there are elements of crimes, hopefully all the committed would be asked to return all the money to the company and jailed to send clear messages that our country did not tolerate this kind of activities, be it corruption, abuse of power, breach of trust or others. The new owner can review the system and structure of board governance to prevent future recurrences. Operationally, this company has a bright and sustainable future and growth potential. Jack Ma is making Malaysia a distribution hub and this company's packaging expertise in heavy and special product such as solar panel, medical and aerospace products, and others. Demand will grow and profit will follow. But things may get worst before getting better, speculate for short term share price spike may be disappointed.