Jaks WB holders will get additional FREE Jaks-WB according to the warrant deed. Note that bursa has approved listing of 151m additional Jaks-WB.

Jaks-wb holders will get max 151m free Jaks-wb

Dear Sslee,
Bursa's comments were not specifically disclosed to shareholders. However, I m confident that Kenanga ensured that bursa's comments were incorporated in the circular.

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Sslee Dear DK,

https://www.bursamalaysia.com/market_information/announcements/company...

Page: 39
g) To incorporate Bursa Securities’ comments in respect of the draft circular to shareholders.-Complied

Do you find any Bursa Securities’ comments? What it means to incorporate Bursa Securities’ comments in respect of the draft circular to shareholders
10/09/2020 8:56 AM

Samuel Devadasan, you are welcome
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Samuel Devadasan Dear DK thank you for the clear response and i will get ready with the cash to buy all the entitlements of RI due to me. Thank you so much DK.
08/09/2020 6:31 PM

Based on the illustrated entitlement basis of 8 for 5, you are entitled to (89000/5 x 8) = 142400 right shares and (142400/2) = 71200 warrants. You will have to pay (142400 x 0.225) = RM32040 for the right shares. Warrants are free for you. Ex-right, you will have a total of 231400 shares and 71200 warrants. However, the entitlement basis is not yet finalised. In any case, whatever the final entitlement basis is, you only have to get ready (89000/1000 x 360) RM32040 for your right shares.

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Samuel Devadasan Dear DK.......i have 89K of JAKS share and what would be the rough entitlement for the RI and what would be cost. Thank you DK. The reason i have not asked to be in group is because i am not IT savvy. Thanking you in advance Mr. DK.
08/09/2020 2:38 PM

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added, Please use i3 messenger to access "Jaks group chat"

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raoyam hi DK
Pls add me into your group chat.

Thank you
29/08/2020 6:02 AM

mas1998 Hi DK, please add me to your group
29/08/2020 9:27 PM

added

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kholi Hi DK, please add me to your group
26/08/2020 12:32 PM

you were added on 25 May. Please use i3 messenger to access the group chat.

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sonny7088 Dk
Please add me. Thanks
26/08/2020 9:56 AM

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There is no need to frighten yourself and others unnecessarily. Always do more studies before making "scary comments" or unless you have other intentions ??

Not all new shares under LTIP can be given free. Jaks has already given out most of the free LTIP portion. Current outstanding LTIP has exercise price of 1.40. You owe yourself a duty to find out more.

https://klse.i3investor.com/blogs/Jaks%20resources/

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Chuckie1, you are a very careful guy but you are too pessimistic. You should look for answers for your "maybe". If you don't think Jaks is worth your time, don't bother making so many guesses. I think you should wait for Jaks to see earnings from JHDP first before making your decision.

Dear Sslee, appreciate your effort to write to the BOD. Thank you.

Lets hope the BOD will reply constructively.

Chuckie1, you should visit the official website of AES corporation and check up the dividend information before assuming the information shared here is from private conversation and non public info.

https://www.aes.com/investors/financial-reports-summary/default.aspx

If you scroll back far enough, you will notice that the dividend information of Mong Duong II have been shared numerous times.

Abang_misai, since we are on the same boat, let me share the link below to calm your fear on the recent court ruling impact on Jaks. Please refer to point 71.

http://ejudgment.kehakiman.gov.my/ks_builtin/file_dispatcher_pub.php?id=7551&key=e76514bd93a8b2e94103adc2c50952ba

Chuckie1, it seems that you just joined i3 today and Jaks is the first stock that caught your attention. If you are truly interested in Jaks, maybe you should do some research on mong duong II on its dividend distributions after COD. It also won't do you any good to pre-conclude on Jaks cash flows and its ability to take up the 10% option.

It seems that Jaks will not make it to your investment list and I do not intend to change your opinion about Jaks.

Anyway, thanks for sharing your thoughts.

The hearing on 19 August 2020 is on the following .....

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The Board of Directors of Jaks Resources Berhad (“JRB”) or the “Company”) wishes to inform that the Company and its subsidiary JAKS Island Circle Sdn. Bhd. (“JIC”) has on 30 May 2019 filed a claim against STAR at the Kuala Lumpur High Court for breach of the Sale and Purchase Agreement dated 19 August 2011 (“SPA”) entered into between STAR and JIC.

The Company and JIC are claiming against STAR the following reliefs:-

1. a declaration that the Completion Period for JIC to deliver STAR’s entitlement under the SPA is on 20 June 2020;
2. a declaration that STAR has breached the SPA;
3. a declaration that STAR is unjustly enriched;
4. the sum of RM248,242,987.62 to be paid to JIC as liquidated and ascertained damages;
5. the sum of RM297,035,481.00 to be paid to JRB as loss of proceeds from corporate fund raising exercises;
6. the sum of RM50,000,000-00 together with all interests and all related costs incurred thereto pursuant to the Bank Guarantees that is to be refunded and/or returned to JIC within 7 days from the date of the Court Order; and
7. damages.
The Company will make further announcement on the developments of the above matter as and when necessary.

This announcement is dated 31 May 2019.

MATERIAL LITIGATION JAKS Resources Berhad ("JRB" or the "Company") Claim against Star Media Group Berhad ("STAR")

Type Announcement
Subject MATERIAL LITIGATION
Description JAKS Resources Berhad ("JRB" or the "Company") Claim against Star Media Group Berhad ("STAR")

Further to the announcement dated 14 May 2020, the Board of Directors of the Company wishes to announce that at the Case Management on 3 August 2020, the Court had decided that the hearing of the application by STAR be fixed on 19 August 2020.

The Company will make further announcement on the developments of the above matter as and when necessary.

This announcement is dated 4 August 2020.

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Chuckie1 In the upcoming EGM, one should question the auditor on the its decision of not recording the negative financial effect of the legal suit (which is set for hearing on 19 August) by STAR Media against JAKS in the contingent liabilities. Of course they will response by stating the legal opinion of the legal firm representing JAK of the good chances of winning the case, but going by past precedent in which the company and lawyer had lost in the RM50 mil legal suit with STAR MEDIA, would it not a fair argument that the auditor did not, and again this time repeating it, living up to its responsibility of informing the shareholders of a fair and objective representative of the company's financial health !

https://klse.i3investor.com/blogs/Jaks%20resources/2020-08-09-story-h1511613399-Jaks_Resources_Power_Plant_Unit_1_to_begin_Trial_Run.jsp

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You were already added on 2 August
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MC33 Hello DK
Kindly add me to chat group , I am new to stock market and and I have JAKS shares .
Would like to learn
Tq
05/08/2020 12:02 PM

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added

MC33 Hello DK , I am relatively new at stocks play , I have JAKS.
Kindly add me to chat group , like to learn something new every day ( if possible)
To.

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added

shteh1962 Hi DK, can add me into the group chat. Thanks
29/07/2020 4:43 PM

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added
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smallsnail Hi DK, please add me in the group chat. Thanks
28/07/2020 5:26 AM

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winning argument will not make me any richer

michael83, you were already added to the group on 23 may. You have to use i3 messenger to access "Jaks group chat"

It is presumptuous to assume that ALP will let down a company in which he owned a majority stakes. Now is the time to focus on the power plant. COD will likely happen within 2 months. A major event that will take Jaks to a new level.

I m certain of how much profit JHDP will bring to Jaks. The only unknown to me is what APL will do with all the billions of dollars from JHDP.

Once turbine is successfully rolled to 3,000 rpm, the power generation capability of the power plant is secured. This is because it is the turning speed of the turbine that generate a calculated amount of electricity. Therefore, the performance risk is significant reduced. What is left is the reliability and efficiency of the power plant. I expect the latest milestone will lift Jaks' price in the coming week.

https://klse.i3investor.com/blogs/Jaks%20resources/2020-07-26-story-h1510728352-Jaks_Resources_Unit_1_Turbine_Rolling_successfully_completed.jsp

If only I have the crystal ball to know what ALP will do with all the billions of dollars from JHDP........

Jaks Hai Duong Power Plant Progress Update

https://klse.i3investor.com/blogs/Jaks%20resources/2020-07-26-story-h1510728352-Jaks_Resources_Unit_1_Turbine_Rolling_successfully_completed.jsp

A shareholder agreement was signed between Jaks and CPECC on 6 July 2015.

This Announcement is dated 6 July 2015.


On behalf of the Board of Directors of JRB, AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that JRB, JPH and JAKS Pacific Power Limited (“JPP”) (a wholly-owned subsidiary of JPH, which in turn is a wholly-owned subsidiary of JRB) had entered into the following agreements on 6 July 2015:-


(a) subscription agreement between JPH, CPECC, JPP and JRB (“Subscription Agreement”) in relation to the following:-

(i) JPH to subscribe for approximately 140.14 million ordinary shares in JPP (“JPP Shares”) at the subscription price of approximately USD140.14 million (approximately RM528.81 million); and

(ii) CPECC to subscribe for approximately 140.14 million JPP Shares at subscription price of approximately USD140.14 million (approximately RM528.81 million), 186.85 million redeemable convertible preference shares in JPP (“RCPS”) at subscription price of USD186.85 million (approximately RM705.08 million) and 100 ordinary shares in JPP (“JPP HKD Shares”) at subscription price of HKD100 (approximately RM48.68);


(b) shareholders agreement between JPH, CPECC and JPP to regulate JPH and CPECC’s relationship inter se as shareholders of JPP (collectively, “JPP Shareholders”) (“SHA”); and


(c) call option agreement between JPH and CPECC in which JPH shall have the option to purchase from CPECC such number of RCPS or such equivalent number of JPP Shares upon conversion of the RCPS into JPP Shares or such combination of number of JPP Shares and/or RCPS whereby upon exercise of such option by JPH, JPH’s effective economic interest in JPP (i.e. computed based on enlarged JPP Shares after conversion of RCPS) (“Effective Economic Interest”) shall be up to 40% (“Option Agreement”)


(Collectively, the Subscription Agreement, SHA and Option Agreement are hereinafter referred to as “Agreements”.)


The Agreements were entered into to facilitate the entry of CPECC as equity partner for the Project.

I m sorry i do not have the permission from my source to share the original content. That is the best I could do. You have to try other means to verify the information or thru inquiry during the coming AGM.