Bonus issues....

KUALA LUMPUR (June 7): Luster Industries Bhd saw changes in its boardroom with 47-year-old Hong Kong-based businessman Gary How Soong Khong emerging as the company's managing director.

He is replacing 60-year-old Lim See Chea, who was redesignated as company executive director effective today.

In a filing with Bursa Malaysia today, the high precision plastic parts and components manufacturer said How's appointment was with immediate effect.

According to Luster Industries, How is the managing director of a private company in Hong Kong, Citi-Champ International Ltd, and manages his family's business which includes hotel, property, manufacturing and gaming.

Prior to this, he was involved in various managerial positions in the business arena in Hong Kong, mainly in business feasibility studies and management in the family's existing businesses and also identifying new investments.

He is also currently involved in identifying and enlarging the scope of investments for the family businesses overseas. He was also previously an executive director in a company listed on Bursa Malaysia Securities.

Aside from that, his spouse Yap Yoke Chuan and brother in-law Yap Kean Kok were also appointed as the company's executive directors with immediate effect.

Luster Industries, through its subsidiaries, assembles printed circuit boards, manufactures precision plastic parts and components and sub assembly of plastic parts and products.

In separate filings, Luster Industries said several members who sat on the current board, including two of its executive directors, Lim See Meng and Lim See Hwa, have resigned from their posts to focus on subsidiaries' business and operation.

Ng Chin Nam, who was the independent and non-executive director, also resigned from his post due to other work commitments.

How once caught media attention after he expressed an intention to take up shares in Masterskill Education Group Bhd in 2014.

In March 2014, How had entered into the option agreement with Masterskill executive chairman and single-largest shareholder Siva Kumar M Jeyapalan, in which he agreed to acquire a 29.76% stake in Masterskill from the latter at RM1.10 apiece.

The agreement allowed How until Sept 18, 2014 to exercise the option to acquire Siva Kumar's then entire 122 million shares in the company for RM134.2 million cash, while Siva Kumar had a put option to sell his shares to How between Dec 18, 2014 and Jan 18, 2015 at RM1.10 each.

But the deal fell through in October 2014. According to Siva Kumar, this was due to How being unable to deliver his end of the bargain.

At that time, How was Masterskill's group chief executive officer.

At the noon market break today, shares in Luster Industries traded unchanged at 6.5 sen, for a market value of RM112.57 million.

Bye-bye old BoD, welcome new BoD. Gogo Luster.....

@DON_JUAN, how many share you are holding? I buy all from you @5 sen.

Why still shouting here, cut-loss quickly!!! Will be de-listed soon!!!

This forum is highly polluted, let's relax and enjoy the song below, LOL !!!

https://www.youtube.com/watch?v=0d5eP0wWLQY

Future Luster RM4++

Aiyo...why UMA, no price movement. Just buy and keep lah, it won't help by making noise here.

Sabar.....

Bosannya anak si celaka tu.....x habis-habis ulang....pgi tidur baik,

Memang ada tujuan ma...ejsaham. Ribuan kaunter kat KLSE, mengapa datang Nexgram pulak.

Kikiki....else you think people so free meh.

That's why Nexgram have to diversify into property and shipping sectors.

Acquisition of 51% equity interest in Transeaways Shipping Sdn. Bhd.
(“TSSB”)
On 13 January 2016, the Company entered into a Conditional Share Sale Agreement
(“SSA”) to acquire 51,000 ordinary shares of RM1 each in TSSB with Hopscoth
Invest & Trade Inc. for a total consideration of RM41,200,000.
On 23 February 2016, the Company announced that the SSA entered between the
Company and Hopscoth Invest & Trade Inc. is completed.

M’sia-China Kuantan Industrial Park attracts RM13.5b investment
By Chen Shaua Fui / theedgemarkets.com | March 23, 2016 : 6:34 PM MYT


KUALA LUMPUR (March 23): Malaysia-China Kuantan Industrial Park (MCKIP), whose shareholders include IJM Land Bhd and Sime Darby Property Bhd, has attracted investments totalling RM13.5 billion as at January 2016, the Dewan Rakyat was told today.

Deputy Minister in the Prime Minister's Department Datuk Razali Ibrahim said this included RM3 billion for the upgrading of Kuantan Port, RM2.5 billion for infrastructure construction by developer MCKIP Sdn Bhd, and RM8 billion in the form of investments from the manufacturing sector.

"The upgrading of the Kuantan Port is expected to be completed by 2018. The activities involving the RM8 billion investments, part of it was completed, but part of it is still in the process.

"As for the infrastructure, the developer is waiting to sign the sale and purchase agreement. We have scheduled it to be signed by next month," said Razali.

He said the investments in MCKIP could generate 16,015 jobs in the surrounding areas.

Razali said MCKIP has gone through two phases. The phase one, involving 710 acres of land, has been fully taken up by investors, while phase two, involving 550 acres of land, has mostly been offered to interested investors.

"MCKIP is planning [on] rais[ing] an additional 1,000 acres of land in the national industrial park for the next phase," he said.

The deputy minister was responding to Sungai Petani MP Datuk Johari Abdul, who had asked the prime minister to state the amount of investments attracted by MCKIP and whether the land for the development is owned by the federal government, state government or privately owned.

Razali said the industrial lots were sold to the interested investor, with a land tenure of 99 years.

MCKIP is a joint venture between Malaysian and China consortiums. The Malaysian consortium, Kuantan Pahang Holdings Bhd, holds 51% of the equity.

The Malaysian consortium is jointly owned by IJM Land Bhd (40%), Sime Darby Property Bhd (30%) and the Pahang state government (30%).

Meanwhile, the Chinese consortium is led by state-owned company Guanxi Beibu Gulf International Port Group (95%) and Qinzhou Investment Company (5%).

MCKIP is also a sister park of the China-Malaysia Qinzhou Industrial Park (CMQIP) in Nanning China.

Result out....best result ever.

Better dispose if no confident, don't waste time here :]

Luster's future is bright, TP0.30 is possible.

Going to burst anytime!

Agree with Ejsaham.

Now TPY is not attach to any company except Prostaco. Instead of disposing, he continue to acquire Prostaco shares. Guess what he will do next.....

TPY can go to jail happily now, very smart guy :) Expect more good news to be released.

TPY sold all his Iretex shares but transferred his Nexgram shares to his brother. Looks like he is confident in Nexgram. Good!

Wow......well planned.

2.1 Taiwan Shing Shang Co Ltd (“SSCL”)
SSCL will provide one set of battering and breading equipment and transfer related secondary processing technologies.
2.2 JienPeng International Co Ltd (“JP”)
JP will work hand-in-hand with DBE to develop a marketing strategy promoting secondary processed value-added chicken products under the brand HARUMI in Malaysia.
2.3 FuHsin International Co Ltd (“FH”)
FH assist DBE in executing this marketing plan and promoting HARUMI franchise brand.
2.4 Solatek Co Ltd (“Solatek”)
Solatek will develop, customize and supply all the HARUMI food machineries and patented fryers to DBEP.
2.5 HTS Technology Co Ltd (“HTS”)
HTS will transfer Radio Frequency technologies for oil frying HARUMI fried chicken products so that they are more crispy and juicy.
2.6 UltraBrave Technology (“UB”)
UB will bring its wealth of franchise IT technology knowhow to develop a first class supply chain management system. Via this state-of-the-art IT system, DBEP will be able to support its customers business growth with unparalleled customer experience.
2.7 Formosa Food King Co. Ltd (“FFK”)
FFK will continue to develop new flavours for all future HARUMI products. FFK is a specialist in food technologies and supplies marinating, battering and breading flours exclusively to DBE.

Go go go Nexgram....30c

Tahniah Ejsaham :)

Ops, sg999 still dare to buy at 5c if his partner want it to be 0c?

The Board of Seacera wishes to announce that Seacera had on 27 January 2016 received a letter from the Ministry of International Trade and Industry (MITI) approving Seacera as a Bumiputra Controlled Public Listed Company (“BCPLC”) for a period of one year. Upon being conferred the status of BCPLC, Seacera would be able to be in compliance with any requirements of our licences imposed by the authority in the relevant subsidiaries requiring the BCPLC status.

As a BCPLC, the Company is recognized by the Government of Malaysia (“Government”) as part of the effort initiated by the Government to provide opportunity to the bumiputra community which at the same time enhancing the value of our business partners.

Self-imposed regulation by the Government to ensure that the Company is able to maintain the BCPLC status requires Seacera to maintain a minimum of 35% of its voting rights by bumiputra shareholders. More importantly, the Government’s objective to increase the sharing of economy of the country to at least 30% by the bumiputra community would be able to be achieved.

With this approval, Seacera and/or its subsidiary is qualified to participate in the tender exercise of Government projects allocated for bumiputra company.



This announcement is dated 27 January 2016.

Mmmm...No good, only 150k transacted after 4:50. I believe that was sold by Alice's boss. Seems not many willing to sell below 6c anymore.

LOL, good, good.

Anyway, pls talk more as I got not enough 5.5c, also queuing at 5c. Pls help, thanks in advance.

Who cares

Tomorrow 7c.

Same as what happened in Dec 2014, rebounce after 5.5c.

Panic selling + panic buying. LOL

Ejsaham, I knew that, already posted, Useless auditor, not enough workforce, not aggressive enough and not able to cope with Nexgram. Sound like fired by Nexgram, useless. Hahaha....

sg999, if can reach 5c, you will be happy, I will be happy too :)

Average price acquired by OKA is 8.5-9sen, during the timeframe.

@DRwarrant, you continue to shout 20c then it will go up to 10c. Possible?

Shares acquired by OKA since 27 Nov, 2015 :-

27/11/15 - 6,302,900
30/11/15 - 3,832,600
1/12/15 - 1,000,000
4/12/15 - 2,150,000
7/12/15 - 6,000,000
8/12/15 - 100,000
14/12/15 - 1,121,900
17/12/15 - 2,500,000

Total : 23,007,400

You think he is idiot or what?

I mean Iretex shares.

Do you notice OKA was ceased as major shareholder in 21/4/15 when he disposed 3,704,700 shares. After that, on 23/12/15, OKA acquired back 4,676,100 shares from open market @0.323. Today, he is still holding 9,435,912 shares, equivalent to 7.16%.

@ssboy, yes, Iretex price was 0.32 when Nexgram @0.09 ---->Untung 12.5% if convert.
Today Iretex @0.265, Nexgram @0.065---->Rugi 2% if convert.

Many ppl bought Iretex share waiting to convert, they should angry.

Or because of the delay, Iretex's stakeholders call off the proposal, merger failed, who to blame?

You want to probe, I give full collaboration but if the timeframe missed, who will responsible?

Or let's say the EGM will not be met within the stipulated timeframe under the Code, and the merger failed, what action will Nexgram and Iretex take?

If the SC's probe shows everything is in-order but still not approve, what action will Nexgram and Iretex take? Look's like Nexgram is quite confident.

The way I see is the takeover will happen. I hope I'm right :)

I also like below in the earlier announcement :-

Bursa Securities’ position will directly affect the Take-Over Offer. In the event Bursa Securities decides not to proceed with the processing of the listing application and draft Circular, the only logical conclusion is that the condition of the Offer of obtaining Nexgram Shareholders’ approval at the EGM will not be met within the stipulated timeframe under the Code. In such circumstances, the Take-Over Offer will not succeed.

一波未平，一波又起

But I like what they said :

1) due to the Company’s recent expansion plan and the unavailability of CHI's workforce
2) Thee Company is not aware of any other matters that need to be brought to the attention of the shareholders

Hahaha....good!

-------------------------------------------------------------------------------------------------------------------------------

The Board of Directors of NEXGRAM (“Board”) wishes to announce that Messrs. CHI-LLTC (“CHI”) has tendered their resignation as External Auditors of the Company vide their letter dated 18 January 2016 due to the Company’s recent expansion plan and the unavailability of CHI's workforce which has decreased recently, to handle the increasing work.

Pursuant to Section 172(15) of the Companies Act, 1965, CHI's resignation will be effective only after new auditors have been appointed.

New auditors for the financial year ending 30 April 2016 will be appointed at an extraordinary general meeting (“EGM”) to be convened.

The Board also wishes to inform that the Company is not aware of any other matters that need to be brought to the attention of the shareholders of the Company with regards to CHI's resignation.

Further announcement on the holding of an EGM will be made by the Company once the new auditors have been identified.

This announcement is dated 20 January 2016.

Mmmm...Already forwarded the email to Nexgram for clarification, waiting for their reply.