But I'm still here. With or without rr1688. Going to wait for the day......

Sepi forum tanpa rr1688.

Based on 8,075,000 quoted shares of CBL held by Straits, the market value of investment in the associate company CBL quoted shares for today 6.6.2023 should be 8,075,000 x 2.775 x RM4.605 = RM103,189,415.

*The cost of investment if truely reported in their QR report ended 31 March 2023 is at RM28,483,000. TAYOR

Please refer this announcement:
https://malaysiastock.biz/Company-Announcement.aspx?id=1461252

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.

Based on 8,075,000 quoted shares of CBL held by Straits, the market value of investment in the associate company CBL quoted shares for today 1.6.2023 should be 8,075,000 x 2.95 x RM4.615 = RM109,935,068.

I don't have any information about additional cost to buy/subscribe the said 8,075,000 shares, but we can see the ver big premium between the cost of investment recorded RM28,483,000 with the current market value of investment in CBL at RM109,935,068.

Sorry.. The analysis done only based on limited data which can be acquired.

"As at 25 May 2023, the Company has 8,075,000 quoted shares of CBLIL with a market value of RM100.9 million equivalent."

*It means on 31 March 2023, the market price of CBL was at USD9.5, therefore the market value should be around 8,075,000 x 9.5 x RM4.4125 = RM338,493,906. But it was recorded only at cost value of RM28,483,000.

CBL high US21.00 + now US 2.00 +,IPO is 4.00
How true is 500k ..doubtfull.
---------------
Based on the first quarter ended 31 March 2023 report, their Investment in associates (CBL) recorded at RM28,483,000. It means the value of investment recorded at it cost value, and not at the MARKET VALUE of the company shares listed on the Nasdaq.

CBL International Limited (“CBLIL”) being an associate company of Straits, upon obtaining its listing approval by United States Securities And Exchange Commission (“SEC”), was listed on the Nasdaq Capital Market ("NASDAQ") on 23 March 2023. With this listing, the Company’s equity interest in CBLIL was diluted from 38.0% to 32.3% arising from the issuance of 3,750,000 new shares to new investors. The total number of CBLIL’s shares upon listing is 25,000,000 shares. With this, the Group has a dilution in value of RM2.7 million in its investment in associate which has been reversed from its retained profits.

Current QR Revenue:

Manufacturing, trading and project management services RM22,117,000
Trading of medical and healthcare products RM44,000
Construction works RM 0.00

(Gain)/loss on disposal of subsidiary company - N/A
Hope no more impairement loss from ROC subsidiaries.

Trade and other receivables 138,583,000.
Risky related to the posible impairment loss in the future..

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.

Masuk lain kaunter penny pun asyik kena saja..

Belum lagi bang whistlebower99. Lali separuh, separuh masih ada tunggu. He He

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....

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......

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.