What is the recap for AGM yesterday and board’s prospects on future direction? Any of you attended the AGM?

I thought AGM on 26 March, no?

ACE Market Listing Rule
9.23 Issue of annual report
(1) A listed corporation must issue its annual report that includes annual audited financial statements together with the auditors’ and directors’ reports of the listed corporation, to the
Exchange and shareholders within 4 months from the close of the financial year of the listed corporation.

Oppppsss tak mampu issue AR

long time did not see rainman here

No wonder the RM1 BILLION project never materialised. Dont give you any chance to ask the progress, terminate straight away.

REMINDER: AR will be out end of this month.

Piu piu piu 🔫🔫🔫

Mr. Wu’s bullet reloaded

👍👍👍

MZM you ok?

Chill chill.

Happy new year!!

I think it is very likely that PP/RI is coming before big boss surface. Then Kuah and Wu would resign, another management team will take control.

But maybe would lose more during these corporate exercises.

Bro, Mr Peter Sii had already sold his stake and already ceased as a substantial shareholder, announced on 29 Sept.

Kanger to buy balance of Sung Master from Mr Wong Seen (was owned by Mr Peter Sii)

Now dont have any substantial shareholder, following exit of Mr Kuah.

Yea MZM. It is just buy or sell. Why bising bising. Haiyo. Chill

Mana limit up? Hahahaha

Rainman where to enjoy tonight?

Not surprise if price go up

POSITIVE Operating Cash Flow looks promising. The performance exceed expectations

rainman. Uncles aunties ask where to happy today

Ya. Very interesting forum here. It is entertaining

Opps

rainman, please bring uncle aunties go Genting site visit new Condo, then steamboat karaoke happy hour. Enjoy~

TRUE MZM. Condos are real assets. Sung Master is a real business despite performance.

Synergies is there, is about when to realise, how to realise.

Rainman. Today uncle aunty ajak where to makan, karaoke? Enjoy

Many may not know that Sung Master didnt perform well and below expectation after first acquisition of 51% in April.

Good or bad news? If QR result good, mean buying Sung Master is a wise move. Good news.

If QR result bad. Everything is bad.

Kanger to buy remaining 49% of remaining equity interest in Sung Master for RM72m, based on valuation FORWARD PE 14 times which takes RM10 million profit guarantee in Sung Master for FY24 into consideration.

Hahahahaa. I thought last time Mr Kuah says Sung Master would generate RM20 million profit a year??? But it is fine to be prudent afterall.

So this RM72m + earlier RM20m to buy Antara condo, Kanger need RM92m cash because all these acquisitions come with cash payment mode.

NEXT…. How would Kanger fund this RM90+ million?? Would there be more acquisition coming up???

Rainman. Today uncle aunty ajak where to makan, karaoke? Enjoy

Rainman. Today uncle aunty ajak where to makan, karaoke? Enjoy

Uncle aunty sudah ajak OKU karaoke, today off

Rainman still here? I thought you happily karaoke with uncles aunties

Hoseh. Later have to cut bird bird

Cut loss, cut ku ku bird

Lol. You are making fun

Lol

Lol. Now say CNY rally? You probably need to check your AI model. You dont need AI to identify this is a down trend bro

Lol

You probably need to check your AI model. You dont need AI to identify this is a down trend bro

Hahaha 12 sen…..

Why not suggesting limit up 39.5 sen???

Thats why I am wondering whether Kanger to issue shares to AK for settlement. Tan Sri can accept? Hahahaha

No money, but want to buy buy buy

I literally hear you shouting but the screen shows red candle

Amitabha guys.

Bro you ok? Attack apa? It is a falling knife lol

This is a risky counter. Dont even try

Opps

Kanger no money dy. Can issue shares to AK for settlement? Tan Sri ok?

Kanger buy another 15 units Genting condo from Aset Kayamas for RM20 million. What? I thought that Genting Condo all units sold out? PP or RI coming I think.

Oops

Opps