I'm still firm on my thought that whistlebower99 is still the real stock killer in BURSA. He He

Apakah ini disebabkan oleh laporan yang telah dibuat kepada Suruhanjaya Sekuriti dan BURSA????

Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the previous announcement on 29 September 2022 in relation to the Proposed Acquisition.



On behalf of the Board, Malacca Securities wishes to announce that MAGSB, a wholly owned subsidiary of the Company, CHSB, FCSB and Wings (collectively the "Parties") have on 8 March 2022, entered into a mutual termination agreement ("MTA").



The Parties have mutually agreed to terminate the CSSA according to the terms and conditions of the MTA as despite reasonable effort, there were certain conditions precedent of the CSSA which were unable to be satisfied by the respective Parties within twelve (12) months from the date of the CSSA.



As such, the Proposed Acquisition shall not proceed and will be aborted.



This announcement is dated 9 March 2023.

I think revenue contribution from Sung Master should be minimal. Janji manis dan laporan prospek perniagaan Sung Master sebelum ini.... Ahhh tinggal janji manis sahaja...

Disposal of 100% equity interest in Kanger Investment (HK) Limited and Kanger Trading (HK) Co. Limited
On 29 September 2022, the Company’s wholly owned subsidiaries, namely Kanger Investment (HK) Limited and Kanger Trading (HK) Co. Limited had entered into 2 share sale agreements with Zeng RongYing to dispose 100% equity interest for a cash consideration of USD1 (equivalent to RM4.625) each company. Following the completion of the disposal, both companies had ceased to become the wholly owned subsidiary of the Company.
Other than the above, there were no other changes in the composition of the Group for the current financial quarter and financial period-to-date.

Saya rasa dia orang rujuk saja laporan kita ke company. Itu lah sebab mereka sudah buat pembetulan dan announce laporan QR dengan pembetulan.

The Net Asset Value per share or NTA per share has been reported in the announcement as per true value.....and it's also has been updated in the reports by klse.i3investors, Malaysiastockbiz and perhaps others....

The NAV per share of 0.49 sen was so weak compared to RM 0.495...
Do you agree, dear friend?

Scenario 1: Total assets included intangible assets / goodwill

The net assets value pershare (NAV) based on this scenario should be stated at RM0.486 or 48.6 sen.



Scenario 2: Total assets excluded intangible assets / goodwill

The net assets value pershare (NAV) based on this scenario should be stated at RM0.333 or 33.3 sen.



As per Appendix 1 - B, the net assets value per share reported as 0.49 sen only. Therefore, the NAV reported is not a true figure. I think the figure reported by the company is misleading to the investors and public, therefore appropriate action to the company (Kanger) can be taken by Suruhanjaya Sekuriti Malaysia.

@Dear Konichiwa. Still in awakening. As I'm still holding some bullet in Kanger (some has been sold)... I am eager to see how far this company regressing.. HE HE...

It's not about the comments from others... Not because of rr1688 nor Bilismasin or others...

Tunggu untuk laporan QR3 2022 yang sepatutnya terbaru untuk dikeluarkan..

QR1 2022 dan QR2 2022 telah dikeluarkan laporan ammendment... Dengan pembetulan sekurang-kurangnya dari segi nilai NAV.... Mungkin kesan laporan kita kepada SC dan BURSA....

Types of corporate proposal Private Placement
Details of corporate proposal PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN MAG ("MAG SHARES" OR "SHARES") REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MAG ("PRIVATE PLACEMENT")
No. of shares issued under this corporate proposal 24,331,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.1750

Latest issued share capital after the above corporate proposal in the following
Units 1,587,655,765
Issued Share Capital ($$) Malaysian Ringgit (MYR) 533,644,508.320
Listing Date 16 Feb 2023


Remarks :
The listing of the second and final tranche of 24,331,000 new MAG Shares pursuant to the Private Placement marks the completion of the Private Placement.

The Board of Directors of MGB ("Board") wishes to announce that the Board has today received a letter ("Letter") from SFHSB informing the Board that SFHSB and SMRT have entered into a conditional share sale agreement ("SSA") for the disposal by SMRT of its 100% equity interest in SMRE to SFHSB for a disposal consideration of RM49,455,014.84 to be satisfied entirely via cash ("Proposed Disposal"), subject to the terms and conditions of the SSA.



According to the Letter:-



1. SMRE is currently a 100.0% owned subsidiary company of SMRT. SMRE is principally involved in investment holding where it currently holds 42.08% of MGB, a public listed company currently listed on the Main Market of Bursa Malaysia Securities Berhad.



2. Upon the SSA becoming unconditional, there will be a change in the control in SMRE whereby SFHSB's stake in SMRE will increase from nil to 100% while SMRT will cease to be a shareholder of SMRE. By virtue of such event, SFHSB will be deemed to have obtain control of MGB (listed downstream) through SMRE.



3. Pursuant thereto, SFHSB (hereinafter known as the "Offeror") will be obliged to extend a mandatory take-over offer ("MGO") to acquire all the remaining ordinary shares in MGB ("MGB Share(s)") not already held by the Offeror and Tan Sri Dato' Dr Palaniappan A/L Ramanathan Chettiar ("Ultimate Offeror") in accordance with subsection 218(2) of the Capital Markets and Services Act 2007 and subparagraph 4.01(a) of the Rules on Take-overs, Mergers and Compulsory Acquisitions ("Rules").



4. The Offeror intends to procure an irrevocable undertaking from SMRE to accept the MGO and all MGB Shares pursuant to valid acceptance under the MGO will accrue to the Offeror.



5. Pursuant to Note 7 to paragraph 6.03 of the Rules, if a take-over offer is to be made for voting shares or voting rights of a listed downstream company, the offer price will be based on the higher of the:-



(a) volume weighted average traded price of the downstream company for the last 20 market days prior to the announcement of the take-over offer made under subparagraph 9.10(1). The Securities Commission Malaysia ("SC") reserves the right to disregard any unusually high or low traded prices within the relevant period;



For shareholders' information, the Offeror had on 17 January 2023 obtained the approval from the SC for the exemption to SFHSB for Note 7(a) to paragraph 6.03 of the Rules (i.e. the above requirement) in relation to the basis of determining the offer price for the MGO to be modified ("Exemption").



The modified ruling which will take effect pursuant to the Exemption shall be as follows: "volume weighted average traded price of the downstream company for the last 20 market days prior to the Possible Offer Announcement made under paragraph 9.07 of the Rules.



Accordingly, the 20-day volume weighted average traded price of MGB Shares up to 3 February 2023, being the last trading day prior to this Possible Offer Announcement ("LTD"), is RM0.0712 per MGB Share.

QR4 2022 expected at the end of this month......

QR4 2022 expected at the end of this month......

QR3 2023 expected at the end of this month......

On behalf of the Board, Mercury Securities wishes to announce that the Board has on 9 February 2023 fixed the issue price for the second and FINAL TRANCHE of the Private Placement at RM0.175 each per Placement Share (“Issue Price”).

The Issue Price represents a discount of RM0.0124 or 6.62% to the 5-day volume weighted average market price of MAG Shares up to and including 8 February 2023 of RM0.1874 per MAG Share.

This announcement is dated 9 February 2023.

Some erratic price movement detected here.
Hope it's a good sign.

Thanks, dear Konnichiwa.

Stock: [KANGER]: KANGER INTERNATIONAL BERHAD

2022-08-05 09:47 | Report Abuse

Paria stock ,KLCI up 100 point in 3 week time , this paria stock stock do nothing , trip to holllad trip until year end , many sohchai here buy n hold 30 sen ,20 sen ,10 sen , situpid , daily go cikaksai ,sohchai
---------------
Saya rasa this cerdik Superbull8798 pun agaknya sama terperangkap dalam kaunter ini...
Itulah masih tak puas hati. He He He
Biarlah rr1688 dengan pandangannya.
Ini negara bebaskan beri pandangan.

Bursa replied just to note they received my e-mail. SEC not give any reply.

Hope this query also can has an effect to the proposed acquisition of the hotel in Langkawi..... Saya risau jika projek ni pun boleh menjadi projek sedut duit dari Nexgram oleh tangan-tangan ngaib yang terbabit... NEXGRAM OH NEXGRAM

From: < @yahoo.com>
Sent: Saturday, 1 October, 2022 12:46 PM
To: Bursa 2U <bursa2u@bursamalaysia.com>
Subject: Query on the company : NEXGRAM (0096)



Dear Sir,

QUERY ABOUT THE POSSIBILITY FOR EMERGENCE OF DIRECT OR INDIRECT INTEREST RELATED TO THE PROPOSED ACQUISITION OF WINGS BY NEXGRAM (0096)



As a current Nexgram’s 0096WB holder, I want to refer to BURSA my suspicion about the possibility for emergence of direct or indirect interest related to the proposed acquisition of the entire equity interest in Wings By Croske Resort Langkawi Sdn Bhd (“Wings”) for a total purchase consideration of RM90.0 million (“Purchase Price” or “Purchase Consideration”) to be satisfied via the issuance of 1,000,000 redeemable convertible preference shares (“RCPS”) at an issue price of RM90.00 per RCPS in MAGSB to the Vendors (“Proposed Acquisition”) which was announced at BURSA on 29 September 2022 @ https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3296398

As we suspected, the hands of Tey sibling possibly still in Nexgram, without personal attendance as a director

It said the companies involved are Nexgram Holdings Bhd, R&A Telecommunication Group Bhd, Asdion Bhd and Ire-Tex Corp Bhd.

The SC alleged that Tey, Lim, See and Tan, in their various capacities as directors and officers of the four public listed companies, siphoned out proceeds of the companies’ fundraising exercises, while Faizatul Ikmi abetted or furthered the siphoning.

Based on the 3QR 2022.

Revenue RM22,947,000
(-) Cost of Sales (RM14,614,000)
Gross Profit RM8,333,000 *
+Other operating income RM553,000
- Administrative expenses (RM13,674,000)
(LOSS) / PROFIT FOR FINAnCIAL PERIOD (RM5,567,000) **

NOTES:

* Gross profit earned shows that the company's main business activity still earned profit.

** The loss occured for the financial period becouse of its Loss on disposal of quoted investments, including the loss from the investment in Mtronic shares.

THERE IS A POSSIBILITY THAT BCM MANAGEMENT IS IN THE SAME GANG OF A GROUP OF BODs / MANAGEMENTs WHO MANIPULATE THE COMPANY DECISIONS. THE GANG'S OBJECTIVES FOR SURE NOT FOR THE GOOD FOR THE COMPANY AND THE COMPANY'S SHARE HOLDERS....

There is no clear respond yet from BURSA and Securities Commission relating to my query about possibility of misstatement of account by Kanger... We ARE only the BILIS.... He He

To:
Bursa 2U


Thu, Nov 24 at 10:09 PM

Dear Sir,

QUERY ABOUT THE POSSIBILITY FOR MISSTATEMENT OF THE NET ASSETS PER SHARE VALUE REPORTED IN THE KANGER QUARTERLY RPT ON CONSOLIDATED RESULTS FOR THE FINANCIAL PERIOD ENDED 30 SEP 2022

As a current Kanger (0170) share holder, I like to refer to BURSA the Kanger Unaudited Condensed Consolidated Statement of Financial Position As At 30 September 2022 as reported in the company Quarterly rpt on consolidated results for the financial period ended 30 Sep 2022. There is a possibilty for misstatement in the quarterly report related the true net assets per share value.

2. For your reference, three details are attached including Appendix 1 -A, Appendix 1 - B and Appendix 2.

Based on my calculations shown in Appendix 2, the net assets per share value should be:

Scenario 1: Total assets included intangible assets / goodwill
The net assets value pershare (NAV) should be RM0.486 or 48.6 sen.

Scenario 2: Total assets excluded intangible assets / goodwill

The net assets value pershare (NAV) should be RM0.333 or 33.3 sen.

As per Appendix 1 - B, the net assets value per share reported as 0.49 sen only. Therefore, the NAV reported is not a true figure and must be verified and its a responsibility for the company to report a corrections for the figure.

3. For your information, there are another missreporting about the NAV figures reported in the company announcement related to the company Quarterly rpt on consolidated results for the financial period ended 30 Jun 2022.

I would like Bursa Malaysia to look after this query and hope that it can excecuted as per standard operational procedure of Bursa Malaysia.

Thank you.

To:
aduan@seccom.com.my


Fri, 25 Nov at 9:30 pm

Dear Sir,

QUERY ABOUT THE POSSIBILITY FOR MISSTATEMENT OF THE NET ASSETS PER SHARE VALUE REPORTED IN THE KANGER QUARTERLY RPT ON CONSOLIDATED RESULTS FOR THE FINANCIAL PERIOD ENDED 30 SEP 2022


As a current share holder of Kanger (0170), I like to refer to Suruhanjaya Sekuriti Malaysia concerning the Kanger Unaudited Condensed Consolidated Statement of Financial Position As At 30 September 2022 as reported in the company Quarterly rpt on consolidated results for the financial period ended 30 Sep 2022 (Refer to: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3309554 ). There is a possibilty for a misstatement of information in the refered quarterly report related to the net assets per share value reported by Kanger (0170) which could be a breach of certain law governed by Suruhanjaya Sekuriti Malaysia.
2. For your reference, three details have been attached herewith, including Appendix 1- A, Appendix 1 - B and Appendix 2.

Based on my calculations shown in Appendix 2, the net assets value (NAV) per share are:


Scenario 1: Total assets included intangible assets / goodwill

The net assets value pershare (NAV) based on this scenario should be stated at RM0.486 or 48.6 sen.



Scenario 2: Total assets excluded intangible assets / goodwill

The net assets value pershare (NAV) based on this scenario should be stated at RM0.333 or 33.3 sen.



As per Appendix 1 - B, the net assets value per share reported as 0.49 sen only. Therefore, the NAV reported is not a true figure. I think the figure reported by the company is misleading to the investors and public, therefore appropriate action to the company (Kanger) can be taken by Suruhanjaya Sekuriti Malaysia.


3. For your information, there are another possible missreporting about the NAV figures reported in the company announcement related to the company Quarterly rpt on consolidated results for the financial period ended 30 Jun 2022 (Refer to: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3287948 ).


4. I am very happy if Suruhanjaya Sekuriti Malaysia can look after this query and hope that it can excecuted as per standard operational procedure of Suruhanjaya Sekuriti Malaysia.

Thank you.

Improved QR1 2023...

Pada pengamatan saya, kali ini PN lebih berjaya menarik lebih ramai yang undi parti ini kerana jentera kempen pilihan raya yang lebih tersusun dan mantap berbanding jentera BN yang letih tidak bermaya dan tidak tersusun serta wujudnya perpecahan akibat tindakan Zahid memancung tokoh-tokoh UMNO di sesuatu kawasan tertentu..

Pemimpin mana nak mengaku parti hilang kepercayaan kerana perangai buruk atau tindakan bodoh atau tindakan kepimpinan yang lemah. Undi wang sekadar menidakkan bekas penyokong beralih sokongan kepada pihak lain kerana isu-isu tersebut yang ada dalam parti. He He

Untuk kes kemungkinan salah lapor berkaitan akaun, saya juga telah lapor kepada Suruhanjaya Sekuriti Malaysia....

Dahlah syarikat berniaga hanya pandai buat rugi, bahagian akaun dia kira NAV atau net tangible assets per share pun rasa saya tak betul...... Atau laporkan ke BURSA secara SALAH/CUAI???????

APPENDIX 2

The following formula is used to calculate Net Assets Value per share:

NAV = (Total Assets – Total Liabilities) / Total number of outstanding shares

Note: Intangible Assets like intangible assets/ goodwill are also treated as assets to calculate NAVPS but sometimes it is excluded from the calculation.

Therefore, the NAV for Kanger based on its Unaudited Condensed Consolidated Statement of Financial Position As At 30 September 2022 as reported in the company Quarterly rpt on consolidated results for the financial period ended 30 Sep 2022 can be calculated in two scenarios:

Scenario 1: Total assets included intangible assets / goodwill

NAV = (Total Assets – Total Liabilities) / Total number of outstanding shares on 30 sept 2022
NAV = (RM320,436,000 - RM 27,287,000) / 603,064,453 unit of shares
NAV = RM293149000 / 603,064,453 unit of shares
NAV = RM0.486 OR 48.6 sen.

Scenario 2: Total assets exclude intangible assets / goodwill

NAV = (Total Assets – Intangible assets – Right of used asssets – Total Liabilities) / Total number of outstanding shares on 30 sept 2022

NAV = (RM320,436,000 - RM90,286,000 - RM 2,193,000 - RM 27,287,000) / 603,064,453 unit of shares
NAV = RM200,670,000 / 603,064,453 unit of shares
NAV = RM0.333 OR 33.3 sen.

To:
Bursa 2U


Thu, Nov 24 at 10:09 PM

Dear Sir,

QUERY ABOUT THE POSSIBILITY FOR MISSTATEMENT OF THE NET ASSETS PER SHARE VALUE REPORTED IN THE KANGER QUARTERLY RPT ON CONSOLIDATED RESULTS FOR THE FINACIAL PERIOD ENDED 30 SEP 2022

As a current Kanger (0170) share holder, I like to refer to BURSA the Kanger Unaudited Condensed Consolidated Statement of Financial Position As At 30 September 2022 as reported in the company Quarterly rpt on consolidated results for the financial period ended 30 Sep 2022. There is a possibilty for misstatement in the quarterly report related the true net assets per share value.

2. For your reference, three details are attached including Appendix 1 -A, Appendix 1 - B and Appendix 2.

Based on my calculations shown in Appendix 2, the net assets per share value should be:

Scenario 1: Total assets included intangible assets / goodwill
The net assets value pershare (NAV) should be RM0.486 or 48.6 sen.

Scenario 2: Total assets excluded intangible assets / goodwill

The net assets value pershare (NAV) should be RM0.333 or 33.3 sen.

As per Appendix 1 - B, the net assets value per share reported as 0.49 sen only. Therefore, the NAV reported is not a true figure and must be verified and its a responsibility for the company to report a corrections for the figure.

3. For your information, there are another missreporting about the NAV figures reported in the company announcement related to the company Quarterly rpt on consolidated results for the financial period ended 30 Jun 2022.

I would like Bursa Malaysia to look after this query and hope that it can excecuted as per standard operational procedure of Bursa Malaysia.

Thank you.

For me it's good.
If our concern is about the latest PP related to the acquisition of Xendity Pte Ltd, it was completely done.

Latest issued share capital after the above corporate proposal in the following
Units 1,987,629,194
Issued Share Capital ($$) Malaysian Ringgit (MYR) 357,437,318.890
Listing Date 09 Nov 2022


Remarks :
The allotment and issuance of 26,231,733 Tranche 3 Consideration Shares marks the full and final settlement by Green Packet Berhad of the entire equity interest in Xendity Pte Ltd from the Sellers for the Purchase Consideration of USD10.0 million.

Latest issued share capital after the above corporate proposal in the following
Units 1,961,397,461
Issued Share Capital ($$) Malaysian Ringgit (MYR) 355,601,097.580
Listing Date 09 Nov 2022


Remarks :
The allotment and issuance of 46,830 Tranche 2 Consideration Shares ("Mazarus Entitlement") marks the completion of Tranche 2 Considerations Shares.

On 28 October 2021, Green Packet Berhad announced that Mazarus Ltd requested to defer the allotment and issuance of 46,830 Tranche 2 Consideration Shares due to it yet to have a Central Depository System ("CDS") account for the crediting of the Mazarus Entitlement on 8 November 2021.

A REMINDER..

As claimed by scenery:
... Con liar stockraider aka whistlebower99 aka thehoff spamming all penny stocks here n in FB GorengGroupFB. He non stop since early 2021 days n nights, working very hard for syndicates to collect at low n causes all penny stock lost above 5,000% - 10,000%

He use company PP to spam down price even after those have alredi consolidated n RI, until they fall below consol price. Ridiculously. This conman has caused millions of people losing huge yet he say he help newbies.

I think absolutely the claim about this STOCK KILLER wistlebower99 is true.....
The evidences are always shown in his written spams.... He He He

As claimed by scenery:
... Con liar stockraider aka whistlebower99 aka thehoff spamming all penny stocks here n in FB GorengGroupFB. He non stop since early 2021 days n nights, working very hard for syndicates to collect at low n causes all penny stock lost above 5,000% - 10,000%

He use company PP to spam down price even after those have alredi consolidated n RI, until they fall below consol price. Ridiculously. This conman has caused millions of people losing huge yet he say he help newbies.

Conversion rights
:
(a) In the event the RCPS cannot be redeemed within the Extended Period by the Purchaser, the Vendors shall have the right to convert their entire RCPS to enlarged 80% ordinary shares in the Purchaser by giving one (1) month prior notice.
(b) In the event of such conversion, the balance 20% of the Purchaser’s ordinary shares shall be held by the Purchaser’s existing shareholders.

Don't know if tis RCPS charge interest?
----------
Interest rate / dividend policy
:
This is on zero coupon with no declaration of interest or dividend throughout the tenure.

APPROVALS REQUIRED AND CONDITIONALITY
The Proposed Acquisition is subject to the following approvals being obtained:
(a) shareholders of the Company at an extraordinary general meeting (“EGM”) to be convened; and
(b) any other relevant authorities and/or parties, if required.
The Proposed Acquisition is not conditional upon any other corporate exercise/scheme being proposed to be undertaken by the Company.

OrlandoOilSemiconIoT

...entirely via issuance of RCPS in MAGSB at an issue price of RM90.00 per RCPS


Not NexGram RCPS
----------
Same method used when Nexgram acquired 60% of Arita Plastics before this.

4. My case and issues on Nexgram’s proposed acquisition of Wings are:
(a) As stated in the announcement at BURSA on 29 September 2022 related to the Proposed acquisition of Wings by Nexgram:

“8. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM

None of the Directors, major shareholders of the Company and/or persons connected with them have any interest, whether direct or indirect in the Proposed Acquisition.

(b) Based on my prior information at 3 (a) and 3 (b) above-mentioned, the three persons which are Mr. Tey Por Yee, Mr. Tey Por Chen and Mr. Tey Por Yoong are brothers or sibling.

(c) Based on the notes Mr. Tey Por Yoong is having direct interest in Wings as a director, CHSB as a director and FCSB as a shareholder an a director. Mr. Tey Por Yoong one of the a direct onwer or Wings which is a property involved in the proposed acquisition by Nexgram.

(d) Mr. Tey Por Chen and Mr. Tey Por Yee together are the top thirty shareholder of Nexgram. At the same time Mr. Tey Por Yoong, the brother of the two top three shareholder of Nexgram is the direct owner of the property involved in the prosed acquisiton by Nexgram.

(e) There will be a possibilty for the proposed acquisition of Wings by Nexgram could have an issue about the direct or indirect interest in the negotiation processes of the said proposal.

I would like Bursa Malaysia to look after this query and hope that it can excecuted as per standard operation procedure of Bursa Malaysia.
Thank you.

To:bursa2u@bursamalaysia.com
Sat, 1 Oct at 12:45 pm
Dear Sir,
QUERY ABOUT THE POSSIBILITY FOR EMERGENCE OF DIRECT OR INDIRECT INTEREST RELATED TO THE PROPOSED ACQUISITION OF WINGS BY NEXGRAM (0096)

As a current Nexgram’s 0096WB holder, I want to refer to BURSA my suspicion about the possibility for emergence of direct or indirect interest related to the proposed acquisition of the entire equity interest in Wings By Croske Resort Langkawi Sdn Bhd (“Wings”) for a total purchase consideration of RM90.0 million (“Purchase Price” or “Purchase Consideration”) to be satisfied via the issuance of 1,000,000 redeemable convertible preference shares (“RCPS”) at an issue price of RM90.00 per RCPS in MAGSB to the Vendors (“Proposed Acquisition”) which was announced at BURSA on 29 September 2022 @ https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3296398


2. Based on the 29 September 2022 announcement :

(a) The Purchase Consideration of Wings will be satisfied entirely via issuance of RCPS in MAGSB at an issue price of RM90.00 per RCPS in proportion to the percentage of Sale Shares to be sold by the respective Vendors which are Vendor A (Croske Hotels Sdn Bhd (CHSB)) and Vendor 2 (Flyboys Club Sdn Bhd (FCSB)).

(b) Wings is a private limited company incorporated in Malaysia on 25 February 2022 under the Companies Act 2016 (“Act”). Wings is a subsidiary of Croske Hotels Sdn Bhd (CHSB).

The directors of Wings are Dato’ Ramlan Merican Bin Naina Merican and Tey Por Yoong.

(c) Croske Hotels Sdn Bhd (CHSB) is a private limited company incorporated in Malaysia on 22 February 2022 under the Act. The principal activity of CHSB is investment holding. As at the LDP, CHSB has a share capital of RM1,000 comprising 1000 ordinary shares.

The director of CHSB is Tey Por Yoong and CHSB is a wholly-owned subsidiary of Croske Holdings Ltd.

(d) Flyboys Club Sdn Bhd (FCSB) is a private limited company incorporated in Malaysia on 22 February 2022 under the Act. The principal activity of FCSB is investment holding. As at the LDP, FCSB has a share capital of RM100.00 comprising 100 ordinary shares.

The directors and shareholders of FCSB are Dato’ Ramlan Merican Bin Naina Merican who holds 51 shares of FCSB or 51% shareholding percentage and Tey Por Yoong.

The shareholders of FCSB are Dato’ Ramlan Merican Bin Naina Merican who holds 51 shares of FCSB or 51% shareholding percentage and Tey Por Yoong who holds 49 shares of FCSB or 49% share holding percentage.

RM90 mil.... Currently, Nexgram market capital only RM44.17mil..

Who is Hj Mazru????? and who is Tey Por Yong???

At the end, I'm more concern about if Hj Mazru is only the proxy for Tey Brothers.... IT'S NOT A CLAIM (BECAUSE NO ABSOLUTE EVIDENCE)... ITS JUST POP OUT IN MY DREAM (BASED ON THE PAST AND LATEST MANAGEMENT DECISIONS BY NEXGRAM'S BODs HEADED BY HJ MAZRU).....

Finally, it's a bad dream for us too, I THINK...

On behalf of the Board of Directors of Nexgram (“Directors”) (“Board”), Malacca Securities Sdn Bhd (“Malacca Securities”) wishes to announce that on 29 September 2022, Medic Asset Group Sdn Bhd (“MAGSB” or “Purchaser”), a wholly-owned sub-subsidiary of the Company had entered into a conditional share sale agreement (“CSSA”) with Croske Hotels Sdn Bhd (“CHSB” or “Vendor 1”) and Flyboys Club Sdn Bhd (“FCSB” or “Vendor 2”) (collectively referred to as the “Vendors”) for the proposed acquisition of the entire equity interest in Wings By Croske Resort Langkawi Sdn Bhd (“Wings”) for a total purchase consideration of RM90.0 million (“Purchase Price” or “Purchase Consideration”) to be satisfied via the issuance of 1,000,000 redeemable convertible preference shares (“RCPS”) at an issue price of RM90.00 per RCPS in MAGSB to the Vendors (“Proposed Acquisition”).



Please refer to the attachment for further details.



This announcement is dated 29 September 2022