@sell lol.. He sold to ppl cheaper for them to sell higher? Why not he sell off to open market? He's not stupid la wey.. Btw source said sold to party related to Dr jorg. Hehe.. Will know soon =)

@hidayatrazak source said to party related to Dr jorg wor.. u guess who? btw, I think the party also his company also de loh..

@crawler yalor hor.. damn i should buy bigsweep! haha
@blackul66 u indicate the related party is his company cleanpart gmbh or dbag buying har? hehe

@crawler never know u got RM 55 millions==

with sources saying that the party which took up the shares was someone related to its single largest shareholder and director, Dr Jorg Helmut Hohnloser. (thestar)
Which party related to Dr jorg has RM55 millions to buy up Frontken shares?? and who is the source?? Im so gan jiong which billionaire..

EPF har? haha.. rumours rumours..

Now who will be the one who forked out RM55 Millions to buy up all DR JORG shares?! Speculate speculate who who who???

@sell lol.. u still don't get the logic== anyone enlighten him please..

@sell read this.. then u know what u said just now are baseless and bo logic.. hehe
YiStock If my logic is correct:
Nobody will sell a RM 1 worth of thing to somebody at RM 0.70 especially when the company has bright prospect.

If my biz assumption is correct, we should see CleanPart may soon to be the single biggest share holder in Frontken as spear head for Cleanpart GMBH to have foot hold in Asia.

Currently this company has only market in europe and USA.

The overall development should be good for frontken via Ares Green to also tap into USA and Europe order.

Congratulations in advance IF there is such development of prospect.!

@sell lol.. even the star said got source hints who took over the 27.6% related to Dr Jorg means he buy not sell.. u still wanna tembak without facts==

@calvintaneng good luck to you then =)

@calvintaneng O&G is a key segment of Frontken’s business. The other industries it serves are power, electronics manufacturing and marine. (the star). so have you buy in Frontken? hehe

@cheated ya.. cheat more ya.. wallop all cash then kena tangkap before sell == mana logic lu?

@blackul66 invest in german companies and in turn the german companies invest in asia's countries. business strategy. angmoh manyak panlai.. hmmm...

@yistock agree with you. Cleanpart might use Frontken as their proxy to further develop in Asia

@supernova agree with your statement.. trade at own risk and blame no one for your lost.

@cheated u always been cheated by me? u created ur account on 11th June 2015 how many times u mean u kena cheated by me? lol.. wanna tembak get your facts la.. and regarding the false news I said is rumuors u go google the definition please== and hor many sifus explained how fundamentally good is Frontken. Get your facts la.. Anyway, thx for stop by and tembak.. hehe

@crawler steady hor.. I guess u loaded up full dy hor.. hehe

@ahsookahkou will see soon, tmr? hopefully.. hehe
@crawler u har.. manyak rumour hor.. hehe.. I dream of 0.50 leh.. wahaha

@sunkist118 how much u want?

@blackul66 I give u 5 millions.. hehe..

If I have RM55 million I share with you all.. heheeh

aiya.. tmr go AGM ask la.. wahaha. .rumours rumours guys dont get mad ya.. hehe.. anyway, I believe who has so much money RM55 millions to buy confirm not small fish.. hehe

with sources saying that the party which took up the shares was someone related to its single largest shareholder and director, Dr Jorg Helmut Hohnloser.
Lol.. Dr.Jorg buying another 27.6% the rumours? we macam buying into German's company.. Good good.. hehe

PETALING JAYA: An off-market transaction of 290.99 million shares, or 27.6% of Frontken Corp Bhd, was crossed yesterday at a price of 18.8 sen, with sources saying that the party which took up the shares was someone related to its single largest shareholder and director, Dr Jorg Helmut Hohnloser.

At the price of 18.8 sen, it was a 31.5% or 8.7-sen discount to Frontken’s closing price of 27.6 sen yesterday.

Hohnloser is currently the single largest shareholder with a 27.75% stake in the company. This is followed by Lembaga Tabung Haji, which has 4.91%.

There had been much speculation in the past that Hohnloser was looking to secure more control over Frontken.

The stock was the fifth heaviest-traded stock of the day. Frontken closed 0.5 sen lower to 27.6 sen on a volume of 38.1 million shares. At this price, it is trading slightly above its net asset per share of 25 sen.

Hohnloser, who owns a European company with the same business as Frontken called Cleanpart GmBH, provides the same services as Frontken, namely, the provision of services to maintain equipment in the semiconductor and other industries.

Hohnloser first bought into Frontken in 2010. Financially, the fortunes of Frontken have been steadily improving.

It made a 48.8% jump in net profit to RM6.82mil on the back of a 60.2% increase in revenue to RM77.22mil for its first quarter to March 31, 2015. For financial year 2014, it made a net profit of RM18.77mil from a previous loss of RM2.32mil.

The company had cash and bank balances of RM70.62mil as at the first quarter, a vast improvement from the RM33.33mil it had in the same quarter of the previous year.

It has long-term borrowings of RM23.98mil and short-term borrowings of RM12.63mil.

Apart from a one-off gain of an associate company in 2014, the better results were mainly attributable to the improved business performance of the group’s subsidiaries in Taiwan and Malaysia.

There was a ramp-up in the semiconductor business in Taiwan due to the improved outlook in this sector.

In the case of Malaysia, the better performance was mainly due to the recognition of progressive revenue from the ATB project at Tanjung Bin, coupled with higher revenue from both its oil and gas (O&G) and semi-conductor divisions.

Frontken got a new lease of life last year after acquiring 45% in TTES Team & Specialist Sdn Bhd for RM11mil, which includes an RM8mil profit guarantee for two years.

TTES is an engineering services provider which also owns a licence to supply and provide services to the Petroliam Nasional Bhd group of companies.

O&G is a key segment of Frontken’s business. The other industries it serves are power, electronics manufacturing and marine.

There had been much speculation in the past that Hohnloser was looking to secure more control over Frontken. (THESTAR)

Lol.. This time hoseh liao.. No @0.50 I no sell to u Ang Moh.. hehe

if later announcement one billionaire emerge as the new substantial shareholder.. hehe.. btw,just now within 10 seconds few hundreds thousands bought in @0.27.. macam operator collecting.. lol

@prc4wifefe Good luck to you loh == btw, u still didn't prove how u get 0.18==

Slow and steady.. Hehe.. mali mali

@zool Someone keep cushioning @0.27
@prc4wifefe Lol all sifus include @OTB @Yistock @icon8888 tabulated the TP more than 0.30. Mind to show your calculation to get 0.18? and hor you said cliq rocket up today any volume dy? hehe

Mali mali.. hehe

@crawler dont like this la. I still ada bullet. 0.255 hopefully =) hehe

@tehaiskaw I also want to collect @0.255. Good luck to you and me ya =)

@sunkist118 I stole some @0.27 today =p
@sell glad u created a new account today and giving many many TP for many many counters == welcome...

@sell shukri bin hitam is not even a substantial shareholder, his selling is on April and I remember someone like you brought that up last time but got Sifus explained (u have to dig back to the ancient comments==). Please find something more recent to tembak leh== Btw, Dr. Jorg is buying but not recent lah, he got 26.7%.

Just be patience. Apple? Tsmc first la.. Lol.. Btw, Mr. Jorg won't be so stupid sell at low price.. Ang moh also got logic de leh.. Hehe..

@blackul66 I don't think Mr. Jorg dispose.. Hehe.. Transact between own company? Hehe.. Just wait for announcement. Hehe. Just be patience for the AGM

BTW, think logically who on Earth will sell cheaper when they can sell higher? This person confirm not Jorg. But there is one person who always sell lower and he's our jibby gor because what he owns doesn't cost him a penny.. Lol==

@damagpie stay tuned then.. hehe.. who knows tycoon awesome emerge as the new substantial shareholder =) wahaha.. lol.. my face so thick><

Btw, I just checked 290m = 27.6% = RM55 mil. Who got so much money to buy == Tycoon Awesome? wahaha..

@damagpie 290m shares direct transaction not to open market but to who? hehe.. new shareholders? who willing to transact @0.188 when market price @0.275?
@zool same here.. hehe..

@blackul66 choose one please

@crawler is rumours ma.. hehe.. will see this thursday.. hehe

@crawler Special dividend possible.. Hehe

@icon8888 is alright. I respect u too. No worries. Chill =)

Coming thursday lagi exciting! haha

This time Ares Green to hire more ppl to service for TSMC loh ==

@crawler share the link

So many sifus in Frontken thread. Welcome all =)

Chill guys.. Sir just to show respect to the older ones than me. hehe.. lol.. im young =)