The old news show that ekovest interested to lrt3 project.
Once gkent, mrcb and ijm miss the lrt3, I think ekovest will go for it.

kyy_superhuman He chased high at 0.89, that's why spamming old news to comfort himself.
09/07/2019 9:04 PM

I standby to chase high once ekovest is moving.
Ekovest in my observation list..

Hahaha

Will ekovest be lrt3 project next owner

KUALA LUMPUR 23 Nov. – Syarikat pemaju infrastruktur, Ekovest Bhd. (Ekovest), menjangkakan dapat me­ngaut kontrak-kontrak pembinaan bernilai se­hingga RM800 juta bagi tahun kewangan berakhir Jun 2017 sebagai tambahan kepada RM6.6 bilion kontrak kerja yang dimiliki syarikat itu.

Pengarah Urusannya, Datuk Seri Lim Keng Cheng berkata, selain nilai kontrak pembinaan tersebut, syarikat turut mempunyai aset-aset di dalam sektor hartanah dengan nilai pembangunan kasar RM7.8 bilion dan jualan yang masih belum dibilkan sebanyak RM576 juta.

http://m.utusan.com.my/bisnes/korporat/ekovest-mahu-peroleh-projek-sehingga-rm800j-1.411459

The sharks and operators will run to ekovest from the above counters.

Bad news for IJM Construction Sdn Bhd (IJMC), had received the notice of termination from MRCB George Kent Sdn Bhd

image: https://cdn.thestar.com.my/Components/Audio/podcast-icon.svg

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TOPICS #AnakAnakMalaysia2019 | SOBA 2019 | Export Excellence Awards 2019 | Asean+ | True or Not | Do You Know | Star Golden Hearts Award
IJM says its RM1.12bil LRT 3 underground contract terminated
CONSTRUCTION
Tuesday, 9 Jul 2019 6:37 PM MYT
image: https://www.thestar.com.my/~/media/online/2017/11/29/00/15/ijm-banner.ashx/?w=620&h=413&crop=1&hash=E204C755D6B84ACD58B20F65335CE2A438C32804


KUALA LUMPUR: IJM Corp Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

says its RM1.12bil contract for underground works on the light rail transit line 3 (LRT 3) project has been terminated.

The company, in a filing with Bursa Malaysia today, said its wholly owned subsidiary, IJM Construction Sdn Bhd (IJMC), had received the notice of termination from MRCB George Kent Sdn Bhd on July 8.


IJMC had been awarded the contract on March 13, 2018. Preliminary work had commenced before the project was suspended in June 2018.

"IJMC is currently consulting its advisers and will seek appropriate legal redress under the contract," it said.

Apart from the potential earnings from the project, IJM said the termination of the project would not have any significant effect on the financial position of the group.

In the filing, IJM said it had lost the contract because the LRT 3 project was remodeled from a project delivery partnership model to a fixed price model.

In July last year, the Finance Ministry in a statement had said that the LRT 3 project would resume at a total cost of RM16.63bil, compared with its original price tag of RM31.65bil.

Part of the reduction was contributed by the cancellation of a two-km tunnel and an underground station. The 37-km LRT 3 line connects Bandar Utama in Petaling Jaya to Johan Setia in Klang.




Read more at https://www.thestar.com.my/business/business-news/2019/07/09/ijm-says-its-lrt-3-underground-contract-terminated/#UOQkDi7IsLqZzVAi.99

No bad news, don't know why they are selling for?
Stupid.
Hahaha.

Theedge CHEE PIE LIAO!!!
09/07/2019 9:15 AM

Hahaha!!!

Ts lim kh giving ang paw, lets collect.

Go Go mrcb Gp, Go above wct

Yesssssssss.!!!!
旺啊!!!!!!!!
兴啊!!!!!!!!
发啊!!!!!!!!
旺事如意!!!!!!!!

Go Go Huaan Go

兴!!!!!!!!
发!!!!!!!!

旺!!!!!!!!

兴啊!!!!!!!!
旺啊!!!!!!!!
发啊!!!!!!!!

Ang pao at 0.175.
Final call to collect.
Huat ahhhhhhhh!!!!!!!!

See you all at 2739 HUAAN

Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook

Iron ore prices surged to their highest level in five years on the back of mine closures in Brazil and robust demand, the ABC reported.

Vale’s Feijao mine disaster, which killed around 250 people, has resulted in the loss of around 6% of seaborne supply since late January, the ABC reports.

The market is feeling the squeeze.

SINO HUA-AN INTERNATIONAL BERHAD ('Sino' or 'Company')

(I) PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN BISTROMALONES (PJ) SDN BHD; AND (II) PROPOSED CALL OPTION
Reference is made to the Company's announcement made on 3 April 2019 ("Announcement").



(Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as those given to them in the initial announcement made on 3 April 2019.)



As disclosed in the item 2.6 of the Announcement, the Purchase Consideration for the Proposed Acquisition will be fully satisfied via cash which is expected to be generated from a fund raising exercise by way of issuance of 1.0% equity-linked redeemable convertible notes in relevant tranches up to an aggregate principal amount of RM200.0 million.



The Board of Directors of Sino wishes to update that there is a change in the source of funding for the Proposed Acquisition. The Purchase Consideration will be fully satisfied via cash which may be generated either from internally generated funds, external borrowings and/or some form of fund raising exercise, if deemed necessary.



This announcement is dated 13 June 2019

SINO HUA-AN INTERNATIONAL BERHAD ("SHIB" OR THE "COMPANY")

PROPOSED ISSUANCE OF REDEEMABLE CONVERTIBLE MEDIUM TERM NOTES WITH AN AGGREGATE PRINCIPAL AMOUNT OF UP TO RM150 MILLION ("PROPOSED NOTES ISSUE")
On behalf of the Board of Directors of SHIB (“Board”), Kenanga Investment Bank Berhad (“Kenanga IB”) wishes to announce that the Company proposes to undertake the proposed issuance of redeemable convertible medium term notes (“Notes”) with an aggregate principal amount of up to RM150 million ("Proposed Notes Issue").

Please refer to the attachment for further details on the Proposed Notes Issue.

This announcement is dated 14 June 2019.

June 25, 2019 3:00 am by Neil Hume , Natural Resources Editor
When Niron Metals, a new company fronted by former Xstrata chief Sir Mick Davis, announced plans a few months ago to develop an iron ore deposit in Guinea, it surprised many people in the close-knit mining industry.

While Guinea sits on some of the richest iron ore deposits, the west African nation has never exported a single tonne of the steelmaking ingredient, mainly because of the costs involved in building infrastructure such as ports and railways.

However, the backdrop suddenly looks more favourable for Niron with iron ore prices sitting at a five-year high. Other mining investors, such as billionaire Robert Friedland, are also eyeing projects in the country.

Beware for the price drop

gorengking69 Cut loss at 0.24 before. I never dare to enter again
13/05/2019 3:16 PM


gorengking69 http://www.sunsirs.com/uk/prodetail-346.html

Coke price also has rebounded. Get ready huaan
20/05/2019 9:43 PM

Iron price up, steel price price up , sino huaan products price sure UP.
Its link...
The sino huaan profit will UP too.
All the best to sino huaan fans.

Huat ahhhhhhhhh!!!!!!!!

Rising input costs may force hike in steel prices
Iron ore price has shot up by more than half since the beginning of this year.
By Vatsala Gaur, ET Bureau | Jun 20, 2019, 07.58 AM IST

Once iron or steel UP, huaan will go UP too.

Iron ore price at fresh 5-year high
Frik Els | June 14, 2019 | 2:41 pm Markets China Iron Ore
Iron ore price at fresh 5-year high
Chinese mills are producing steel at an annualized rate of more than one billion tonnes. Stock image
News that Vale may be restarting full production at its 30m tonnes per year Brucutu mine sooner than expected did not stop traders from chasing iron ore to fresh 5-year highs on Friday.

The Chinese import price of 62% Fe content ore advanced to $110.30 per dry metric tonne, according to data supplied by Fastmarkets MB. The price of the steelmaking raw material is up 52% year-to-date.

The index price for 66% concentrate at the main Chinese port of Qingdao surged nearly 6% to reach $118.50 a tonne while Brazilian high grade (65%) exports now go for $123.70.

Iron ore price at fresh 5-year high
Trade in iron ore futures inside China has become so furious that the Dalian exchange on Friday that raised trading limits and margins for the most active contract. Price movements of up to 8% is now allowed before a circuit breaker is triggered while margins will go up to 10% from 8%.

Dalian September futures gained more than 11% this week to $115.20 a tonne, the highest since the contract’s launch in 2013

Dalian iron ore jumps 6% to record highs on fresh trade optimism, will it help the Aussie?
By Dhwani Mehta | June 19, 2019 02:43 GMT
Dalian iron ore jumps 6% to record highs on fresh trade optimism, will it help the Aussie?
Iron-ore prices traded on the Chinese Dalian Commodity Exchange (DCE) staged a solid comeback and rallied nearly 6% to hit an all-time high of 812 yuan ($117.66) a tonne on Wednesday.

该公司在中国山东拥有中国最大的冶金焦炭厂，市场占有率10％，通过上述的上市计划，将可从中筹获亿令吉，作为扩展厂房的用途

[ 槟威新闻 ] 放大字体 缩小字体 打印/Print
倒置收购安达控股 中国华安23日上市
2007-3-18 19:00:58

■ 中国华安国际有限公司临沂烨华焦化厂的焦化设备之一。

■ 中国华安国际有限公司坐落在山东临沂的焦炭厂外观。

■ 中国华安国际有限公司董事长刘国栋透露，该公司在倒置收购安达控股后，于3月23日在吉隆坡股票交易所上市。

■ 马中企业合作愉快，左为中国华安国际有限公司董事长刘国栋，右为大马安达控股执行董事徐声德。

■ 中国华安公司在中国举行的新闻发布会时，宣布定于3月23日在大马上市。

（槟城18日讯）中国华安国际有限公司（SINO HUA－AN）在倒置收购安达控股（ANTAH，2739，主板贸易股）后，将于3月23日在吉隆坡股票交易所上市。

华安国际是通过发行11亿2230万7617股，每股售价1令吉股票，进行后门上市，它在上市后，将成为第一家在大马吉隆坡主板上市的中国企业。

该公司在中国山东拥有中国最大的冶金焦炭厂，市场占有率10％，通过上述的上市计划，将可从中筹获亿令吉，作为扩展厂房的用途。

在该公司倒置收购安达控股后，使到后者的股价于上月杪也应声上扬，成为大盘的一大热门股。

在实际上，中国华安是在本地股市上市的第二家，不过它却是第一家在主板上市的中国企业，因为在这之前，钜锋（GEFUNG，7086，二板工业产品股）是在大马股票交易所上市的第一家中国公司。

大马交易所批准华安国际以倒置收购方式上市，是希望往后能吸引更多中国公司在大马上市，增加本地股市中国上市公司的数目。


中国焦炭产 已减6000万吨

中国华安国际有限公司董事长刘国栋透露，中国政府于2005年已开始实行逐步关闭不能符合政府及环保要求的小型焦炭厂，所以至2006年4月时，中国焦炭产能已减少合共6000万吨。

他说，在这种情况下，在基本上，中国将能解决以前焦炭供过于求的局面。

他指出，中国政府制定最近第11年5年计划，预计在未来5年内，焦炭及钢铁的需求，每年将按照百份之九的增加。

他披露，按照中国政府的计划，它于2007年将关闭30％的小型焦炭厂，然后于2008年另外关闭40％的类似焦炭厂，这将导致焦炭的总产能减少约20％。

他称，目前中国焦炭的产能增加只有8至9％，如果淘汰不符合要求焦炭厂政策落实，对焦炭业的前景将是相当的好，因为这基本上将出现供不应求的现象。

他认为，这将提高焦炭的溢涨率，所以中国华安未来主要的发展是扩大焦炭的产能，包括接下来购置一台洗炭机，以减少5％的营运成本。

计划今年内增产30吨焦炭

刘国栋说，该公司计划于今年内增产30吨的焦炭，然后于2009年增产另30吨的焦炭。

他强调，在供不应求下，焦炭的价格将会上涨，使到中国华安的收益增加。

大马证券条例逐步开放 更多外国公司上市

中国华安国际有限公司董事长刘国栋相信，在大马的证券条例逐步开放后，往后将会有更多的外国公司，包括中国公司在大马上市。

他说，大马证券会于去年逐步开放证券条例，也是希望能够吸引更多外国公司到大马上市。

他认为，在中国华安开先例后，以后将会有愈来愈多外国公司，包括中国公司在内，也跟着在大马上市。

配合中国华安国际有限公司即将在大马上市，有关公司于2月份邀请大马媒体前往中国参观该公司位于山东的焦炭厂。刘国栋是于中国接受大马传媒访问时，如是指出。

大马投资者 看好中国红筹股

在被问及大马投资者如何看待中国红筹股时，刘国栋认为，不只大马，甚至包括新加坡及香港的投资者对中国红筹股普遍上都看好，所以大马的投资者同样将接受。

他强调，在以前，中国公司没有在大马上市，最主要它证券条例的没有开放。

董事长刘国栋：选大马上市占优势

华安国际有限公司董事长刘国栋向《光华日报》记者透露，该公司选择在大马上市，主要是因为大马也有钢铁工业，而冶金焦炭是提炼钢铁最重要的原料，以及公司大股东之一在大马，也是钢铁企业的主席。

他说，由于大马没有生产焦炭，中国却是世界第一生产大国，生产的焦炭占全球总产量的52％，所以将来将有更多与大马合作的机会。

但他强调，在目前，该公司生产的焦炭，主要市场还是在中国国内。

他指出，在较早时，该公司也考虑在香港或新加坡上市，不过最后选择在大马上市，是因为所占的优势是第一家在主板上市的中国企业，而且大马也愈来愈注重工业，以及它也有钢铁工业。

“由于焦炭与钢铁工业是息息相关，密不可切割，再加上我们的大股东在大马也是一家钢铁公司的主席，所以我们选择在大马上市，主要是在双方了解下，彼此都放心与具有信心。”

首2年派息20％

刘国栋透露，中国华安国际有限公司在大马上市后，该公司将在首2年派息20％。

他希望该公司在大马上市，能够一炮而红，股价愈高愈好。

他认为，在大马股市开放后，该公司的上市为中国公司开了一个好的先例，使到大马股市在以后能吸引更多中国投资者前来大马投资。

http://www.sinohuaan.com/operations.html

Hua-An Group through its wholly owned subsidiary, Linyi Yehua Coking Co., Ltd. is principally involved in the production and sale of metallurgical coke and its by-products namely coal gas, tar, ammonia sulfate, crude benzene, coal slime and middlings. Metallurgical coke contributes 79% and its by-products contribute 21% to our revenue.
Hua-An Group main product metallurgical coke is a critical raw material used as energy source for the manufacturing of steel. The current production capacity of metallurgical coke is 1.8 million tones per annum.
Hua-An Group has its own coal washing facility which successfully commissioned on 1 May 2007. Previously Hua-An Group bought pre-washed coal (more expensive) from raw material supplier and since May 2007 we buy raw coal (which is cheaper) and wash them by our own coal washing facility which has a designed capacity of washing 2.4 million tones of raw coal per annum. The cost saving for coal washing process is approximately 5%.
Hua-An Group single production plant is located at Shen Quan Zhuang Industrial Park, Luo Zhuang District, Linyi City, Shandong Province with a build-up area of 319,014 sqm.
Hua-An Group has a well-trained workforce of 1,500 workers.
Hua-An Group obtained ISO 9001:2000 certification for product quality since 3 April 2006.

Shandong Province, China.

Mission:

To consistently provide above average return in terms of both dividend and capital appreciation to shareholders.

To consistently provide excellent product quality, customer service and to build enduring relationships with with all stakeholders especially customers and suppliers.

To strictly comply with the environmental protection regulations set by the government and play an active role in corporate social responsibility (CSR

Sino Hua-An International Berhad ("Hua-An Group") was listed on the Main Board of Bursa Malaysia on 26 March 2007. Hua-An Group is the first Red Chip counter listed on Bursa Malaysia whereby its business operation is wholly and exclusively located at Linyi City,Shandong Province, China. Hua-An Group's principal activities are production and sale of metallurgical coke. Hua-An Group is classified as a Syariah-compliant security approved by the Syariah Advisory Council of the Securities Commission, Malaysia.



Name Rationale

Sino was chosen to signify the Chinese origins of the coke manufacturing plant. Hua-An is derived from Yehua (the name of the coking plant in China- Linyi Yehua Coking Company Limited) and Antah (Antah Holdings Berhad) to represent the partnership of the two entities.

http://www.sinohuaan.com/board.html

Can start collecting huaan now.
30% uptrend shouldn't be a problem

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SINO HUA-AN INTERNATIONAL BERHAD ("SHIB" OR THE "COMPANY") PROPOSED ISSUANCE OF REDEEMABLE CONVERTIBLE MEDIUM TERM NOTES WITH AN AGGREGATE PRINCIPAL AMOUNT OF UP TO RM150 MILLION ("PROPOSED NOTES ISSUE")
SINO HUA-AN INTERNATIONAL BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description SINO HUA-AN INTERNATIONAL BERHAD ("SHIB" OR THE "COMPANY")

PROPOSED ISSUANCE OF REDEEMABLE CONVERTIBLE MEDIUM TERM NOTES WITH AN AGGREGATE PRINCIPAL AMOUNT OF UP TO RM150 MILLION ("PROPOSED NOTES ISSUE")

Huaan present price should maintain at 33sen

Metallurgical coke manufacturer Sino Hua-An International Bhd is planning to diversify into the food and beverage and mobile app segments by acquiring two companies for a total of RM14 million cash.

The red-chip company had signed a share purchase agreement with Chaswood Resources Sdn Bhd (CRSB), which owns TGI Friday in Malaysia and Teh Tarik Place, to acquire the entire stake in Bistromalones (PJ) Sdn Bhd for RM8 million.

Sino Hua-An also signed a sale and purchase agreement with Wavetree PLT, Ng Chee Seng and Cindy Wong Ling Ping to purchase the business and asset building, plus intellectual property rights owned by Wavetree — an internet of things technology solutions provider — for RM6 million.

Sino Hua-An to issue RM150m in redeemable convertible notes to fund business expansion
Arjuna Chandran Shankar
/
theedgemarkets.com

June 14, 2019 20:30 pm +08

Sino Hua-An to issue RM150m in redeemable convertible notes to fund business expansion
Arjuna Chandran Shankar
/
theedgemarkets.com

June 14, 2019 20:30 pm +08



-A+A
KUALA LUMPUR (June 14): Sino Hua-An International Bhd is proposing to issue RM150 million worth of redeemable convertible medium-term notes in order to fund business expansion measures.

In a bourse filing, the group said it has entered into a conditional subscription agreement with Advance Opportunities Fund, in which Tan Choon Wee is the principal shareholder and sole director.

Each tranche will contain RM50 million in notes. However, for the first two tranches, there will be 10 subtranches worth RM5 million each — with the third tranche having 5 sub tranches worth RM10 million.

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The notes will mature within the first 36 months from the closing date of the first sub-tranche of the note’s first tranche.

Of the RM150 million expected to be raised, RM27 million will be utilised within three years, and is earmarked for business expansion and working capital purposes for subsidiary TouchPoint International Sdn Bhd. Another subsidiary Wavetree PLT will receive RM25 million — to be utilised within three years.

Furthermore, Bistromalones (PJ) Sdn Bhd in Malaysia has been allocated RM40 million to fund business expansion and working capital.

An additional RM22 million will go towards the subsidiary’s business expansion and working capital in China — with both allocations to be satisfied within three years.

SHIB has earmarked RM26.2 million as working capital for its core business, which is to be utilised within three years as well.

Meanwhile, the group will use RM1.6 million, to be used within one month, to defray expenses such as professional fees.

Another RM8.2 million is portioned out for the redemption or implementation of the notes, which is to be utilised within three years.

The conversion price for the notes is 18 sen apiece — representing a discount of 15%, 12% and 10% respectively for Tranches 1,2 and 3.

Huaan for extra money for others company share acquisition.
So temporary huaan is still consistent

2019-04-04 12:09:02 3940
TGI Fridays纳旗下·华安2800万购大马资产
企业焦点
广告


（吉隆坡3日讯）华安国际（HUAAN,2739,主板能源组）将以2800万令吉收购一家餐饮公司所有股权、2家科技公司51％股权和专利使用权，以降低对单一业务风险的依赖及扩大盈利基础。

该公司发文告表示，今日签署多项股权买卖与股东协议，其中包括以1000万令吉收购Touchpoint国际私人有限公司51％股权、1000万令吉收购Wavetree公司51％股权和专利使用权、800万令吉收购Bistromalones（八打灵再也）私人有限公司所有股权。

资料显示，Touchpoint国际和Wavetree公司两大业务为工业无线传感器与物联网及企业流动应用开发，而Bistromalones（八打灵再也）则主要从事餐饮业，旗下餐厅涵盖槟城、布城、双威镇等地的TGI Fridays餐厅。

广告

拟发股筹资2亿

华安国际希望通过发售占总股本约1％，预计可筹措2亿令吉的可赎回可转股票计划融资上述收购计划，而公司现为整个筹资计划开展必要的安排。

开辟可持续商业策略

华安国际说，自2007年于马股上市以来，公司一直从事制造与销售高度仰赖钢铁业的焦煤和副产品业务，导致过去几年持续在严峻的商业环境中营运，因此希望藉进军其他业务来转嫁依赖单一业务的风险，同时开辟出可持续的商业策略。

“此外，公司一直以来仅在中国营运，在国内并无任何业务，希望通过业务重新转移策略来开拓国内业务，从而让投资者／股东对公司更为重视。”

作者 ： 洪建文
文章来源 ： 星洲日报 2019-04-04

Maximum limit up is rm 0.50

Rm0.21 already clear, time to move up

Sure up

Just an advice, no one expected today AGM like kuku meeting

Ts lim kh already denied involving in bm project. That's is the facts and reality.
Today AGM already clear card indirectly.