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

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.

@BilisMasin
.........
Sudah terima hakikat, awak memang sudah lama cut loss..
Sekarang masih sibuk untuk lampiaskan dendam lama anda...

Juga terima hakikat... Selagi belum cut loss..
Takkan nak biarkan sahaja pihak STOCK KILLER dan BilisMasin mempengaruhi pemegang saham sedia ada untuk cut loss.....

Selagi tak jual, maksudnya harapan akan terus disandarkan kepada kaunter ini. He He

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.

8dragon
Every qtr report loses, this will definitely catch SC attention and triggered GN3 criteria....

8dragon
Syt dgn nilai sahamnya 0.005 sen memangnya telah layak dipindah ke GN3 sementara menunggu utk dikeluarkan dari senarai papan ACE....

OKU_2020
Cap Ayam Nexgram to RIP { Rest In Peace } very soon !!
like it OR NOT
Pergghhh,,,

---------
Bagus ke tak bagus ke, saya lately tak pernah kata Nexgram bagus....
Saya sekadar menjawab tuduhan tak berasas 8dragon dan OKU_2020 dari segi going concern Nexgram dan GN3 issue melibatkan Nexgram dalam masa terdekat.

BAGI SAYA, SEMUA SPAM AWAK DAN OKU_2020 SEKADAR 'a fraudster spam".
He He He

@8dragon .....
Cakap saja tanpa pengetahuan yang betul dan tanpa bukti tak guna.....
It's a typical characteristic of the fraudster spammers. He He

@BILLC....Just read the claim posted below. Any untrue info from the claim???
Please.. note it if there is any...

ANYWAY, 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.

Wow... Fantastic this STOCK KILLER...
Thanks for a piece of real information..

But as a reminder,

ANYWAY, 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.

Yes.... Help the current stockholder as he/she is the STOCK KILLER... He He

ANYWAY, 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.

@8dragon and OKU_2020.....
Cakap saja tanpa pengetahuan yang betul dan tanpa bukti tak guna.....
It's a typical characteristic of the fraudster spammers. He He

But based on Nexgram QR3 2022:

Equity attributable to owners of the parent:
Share capital 105,029,253
+ Reserves 4,844,390
- Accumulated losses (8,956,473)
= Shareholders' funds 100,917,170 (share holders equity)


Therefore:

Nexgram's shareholder equity on consolidated basis of its share capital excluding treasury shares
= (RM100,917,170 ÷ 105,029,253) x 100%
= 96.08 %
Be noted that one of the criteria for a listed company to be listed as GN3 issuer is if their shareholders equity on consolidated basis of its share capital excluding treasury shares is equal to or less than 25%. (condition a).

Additional info:
Its total assets at 148,719,198 exceeds it total liabilities at 41,844,051.
Its total current assets at 60,772,780 exceeds it total non-current liabilities at 10,149,755

Please refer to its QR3 2022 quarterly reports: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3272692

The other critical aspect is whether there is a default in payment by the listed issuer, its major subsidiary or major associated company, as the case may be, as announced pursuant to Rule 9.19A of the ACE LR and the listed issuer is unable to provide a solvency declaration to the Exchange.

The most critical aspect is whether the losses depleting its shareholders’ equity up to certain percentage, which not allowed.

*dragon. Every qtr loses is not in the list of the criterias for GN3 listed issuer....

Please read this....

The GN3 Relief Measures will be available to the listed issuer if it triggers any one of the following criteria under GN3 of the ACE LR ("Suspended Criteria"):-

a) its shareholders' equity on a consolidated basis is 25% or less of its share capital;

b) It has incurred loss in any 1 full financial year (“FY”) commencing on or after its listing, which is equal to or exceed the amount of its shareholders’ equity at the end of the said FY and its shareholders’ equity is equal to or less than 50% of its share capital at the end of the said FY;

c) it has incurred aggregate losses in any 2 consecutive full FYs commencing on or after its listing (“said financial period”)-

(i) which exceed the amount of its shareholders’ equity at the end of the said financial period;

(ii) the loss incurred in the 2nd full FY of the said financial period is 50% or more of the loss incurred in the 1st full FY of the said financial period; and

(iii) its shareholders’ equity is equal to or less than 50% of its share capital at the end of the said financial period;


d) the auditors have highlighted a MUGC or expressed a qualification on the listed issuer's ability to continue as a going concern in its latest audited financial statements and its shareholders' equity on a consolidated basis is 50% or less of its share capital (excluding treasury shares); and

e) default in payment by the listed issuer, its major subsidiary or major associated company, as the case may be, as announced pursuant to Rule 9.19A of the ACE LR and the listed issuer is unable to provide a solvency declaration to the Exchange.

Cakap saja tanpa bukti tak guna..... It's a typical characteristic of the fraudster spammers. He He

Wow... Fantastic this STOCK KILLER...
Thanks for a piece of real information..

But as a reminder,

ANYWAY, 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.

Wow... Fantastic this STOCK KILLER...
Thanks for a piece of real information..

But as a reminder,

ANYWAY, 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.

....... Based on the re-assessment, the Board of Directors of Nexgram wish to announce that the Company no longer trigger any of the GN3 Criteria and hence no longer requires the GN3 Relief with immediate effect.

This Announcement is dated 27 April 2022.

Please refer: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3254456

AND:

https://www.bursamalaysia.com/bm/trade/trading_resources/listing_directory/pn17_and_gn13_companies