whistlebower99

MZM, your FAST directors also proposing shares consolidation 6:1
What say you?
----------
Thanks to you.

Actually, I CL Fast shares early before the RI and I didn"t subcribe the RI.

@BilisMasin. Selagi masih belum buat keputusan quit sepenuhnya sesuatu kaunter, saya rasa tak salah untuk terus sandarkan harapan (walaupun tipis) untuk kaunter tersebut.

Saya bukan jenis orang yang kalau masih memegang saham sesuatu syarikat akan mengambil tindakan sama untuk memburukkan syarikat tersebut.

Lainlah awak, BilisMasin telah CL awal-awal dulu.

SPAMMER MEMANG DARI AWAL HINGGA SEKARANG SEDIKIT SEBANYAK MEMBERI KESAN KEPADA KEPERCAYAAN PELABUR TENTANG KAUNTER KANGER, SERTA MENJADI sebahagian PENYEBAB KEPADA KEJATUHAN HARGA.

Atau, awak nak semua pemegang saham sedia ada turut sertai spammer semua untuk terus jatuhkan harga saham ini????

The gang of speculating spammers leading by wistlebower99 a.k.a. stockraider and lately following by others are still interested to badmouth on this PARIA counter..... That makes me feel THAT "THEY ARE STILL INTERESTED TO BUY IN THIS COUNTER'S SHARES" .



.... 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.

@mansahan1972. Ada lagi...
Apasal awak guna perkataan 'ekor'?
Apakah ekor awak sendiri sudah putus dan sedih kerana tiada lagi ekor untuk diguna bagi menyambung ekor awak yang putus tu...

Awas... Ada makhluk putus ekor yang sedang mencari ekor. He He

@UncleFollower.... YES...
It said the purchase consideration of RM73.56 million, arrived at a "willing buyer, willing seller" basis, will be satisfied by way of treasury share transfer and cash from internally generated funds.

..... The gang of speculating spammers leading by wistlebower99 a.k.a. stockraider and lately following by Superbull8798 are still interested to badmouth on this PARIA counter.....
That makes me feel THAT "THEY ARE STILL INTERESTED TO BUY IN THIS COUNTER'S SHARES"
------
@Superbull8789 and @BILLC .... ARE BOTH OF YOU GOING TO DENY THESE?????
..... JUST GIVE THE ANSWER. He He

THE ADDITIONAL GOLD MINING LEASE ACQUIRED BY BORNOIL

On 7 th May 2021 Bornoil (BOG) entered into a new mining area following the approval of a New Mining Lease pursuant to the Exclusive Production Sharing Agreement (EPSA) signed on the 11 March 2015 with HDL Global Sdn Bhd. The said new mining lease was part of the mining area measuring approximately 1,200 hectares (3,000 acres) at an area known as Blok A,SKC(H), 1/2001, Hutan Simpan Bukit Ibam Mukim Keratong, Daerah Rompin, Pahang, contracted to HDL by Perbadanan Kemajuan Negeri Pahang on 21st May 2010.

BOG is currently conducting mining works at a mining lease measuring 187 hectares (462.08 acres) and the new mining lease will add another 175.04 hectares (432.53 acres) for the company’s gold mining operations.



BENEFITS OF THE NEW GOLD MINING LEASE TO BORNOIL

The New Mining Lease of 175.04 hectares (432.53 acres) is adjacent to BOG’s Existing ML area of 187 hectares (462.08 acres) BOG will have a total mining area of 362.04 hectares (894.53 acres) at Mukim Keratong, Daerah Rompin, Pahang.

BOG has also recently acquired an interest in a company known as Ratna Pura Sdn Bhd which owns a mining lease measuring 194.14 hectares (479.73 acres) also located at Mukim Keratong, Daerah Rompin, Pahang.

With this New Mining Lease, BOG will operate a combined mining area of 556.18 hectares (1,374.26 acres) at Mukim Keratong, Daerah Rompin, Pahang and at the same time continue exploratory works on the remaining 837.96 hectares (2,070.64 acres) of the Mining Area pursuant to the EPSA.

BOG is able to leverage its expertise on the Mining Area with its present domain knowledge of Mukim Keratong and will also save on the deployment of equipment and machineries to the adjacent New Mining Lease for Mining Works.

INTERIM REPORT FOR BUKIT IBAM GOLD PROSPECT AT MUKIM KERATONG, PAHANG
Borneo Oil Berhad (“BOB”) is pleased to announce that its wholly-owned subsidiary, Borneo Oil & Gas Corporation Sdn Bhd (“BOG” or “the Company”), has completed the interim exploration works on Zones D and H at Bukit Ibam Gold Prospect and an Interim Report has been prepared and signed off by a “Competent Person”. This announcement is based on an Interim Report that is not in accordance with the Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves “JORC Standards”.

The overall potential for this combined area is estimated to be 400,000 tons of ore containing approximately 200kgs of gold with an average grade of between 0.3 and 0.5 g/t Au.

Source: OTHERS COMPLETION OF INTERIM EXPLORATION WORKS ON ZONE D AND H AT BUKIT IBAM GOLD PROSPECT
( https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3257211 )

@Superbull8789..... The gang of speculating spammers leading by wistlebower99 a.k.a. stockraider and lately following by Superbull8798 are still interested to badmouth on this PARIA counter..... That makes me feel THAT "THEY ARE STILL INTERESTED TO BUY IN THIS COUNTER'S SHARES" .

I'm noted that you, Superbull8789 is a part of this speculative spammer gang:

.... 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.

@Superbull8789..... The gang of speculating spammers leading by wistlebower99 a.k.a. stockraider and lately following by Superbull8798 are still interested to badmouth on this counter..... That makes me feel THAT "THEY ARE STILL INTERESTED TO BUY IN THIS COUNTER'S SHARES" .

I'm noted that you, Superbull8789 is a part of this speculative spammer gang:

.... 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.

@Superbull8798.
Please check your mathematics and accounting knowledge.... !!!!

Don't try to fool others if you are a fool at the fullest. He He

@Superbull8798.. Based on Kanger International Berhad - Review of Interim Financial (Source: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3246358 )

Net Tangible Assets = Total assets - Goodwill - Total liabilities
= RM439,119,000 - RM90,228,000 - RM96,294,000
= RM252,597,000

NTA per share = NTA / NOSH
= NTA / (weighted average number of ordinary shares)
= RM252,597,000 / 4,402,891,000
= RM0.0573. (Based on 4.402 bil shares and as reported in 3QR 2022 which the QR ended on 31 Dis 2021).

If we consider the NOSH reduced by 10 : 1, means the real NTA after considering the reduced NOSH by ten times should be at RM0.573.

And be noted that 3QR 2022 report is a quarterly report which its QR ended on 31 Disember 2021. The consolidation exercise deemed to be completed on 10 February 2022. Means only the next 4QR 2022 will show the NTA per share after consolidation....

Source: On behalf of the Board, UOB Kay Hian is pleased to announce that the Share Consolidation has been completed following the listing of and quotation for 597,931,208 Consolidated Shares and 169,951,156 Consolidated Warrants B on the ACE Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on 10 February 2022.
This announcement is dated 10 February 2022.

@Superbull8798. May I know if you have any realationship with wistlebower99 a.k.a stockraider a.k.a thehoff ????????

And.... The speculative / spammer Superbull8798 still active here to do his job...

Superbull8798
Many sohchai here promote paria stock ,laugh , Kanger 0.007 sen only
-----------
WHAT SAY YOU, ABOUT THIS.... He He

rr1688
vitrox share price from RM0.07 increase to RM7.61 ...7 SENG increase to 7 RIAL...PITIH MOLEK...

Mayday, mayday, mayday !!!!

I hope others from this group who know about accounting can comment on my workings to calculate the NTA per share for Kanger...

-----------
Based on Kanger International Berhad - Review of Interim Financial (Source: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3246358 )

Net Tangible Assets = Total assets - Goodwill - Total liabilities
= RM439,119,000 - RM90,228,000 - RM96,294,000
= RM252,597,000

NTA per share = NTA / NOSH
= NTA / (weighted average number of ordinary shares)
= RM252,597,000 / 4,402,891,000
= RM0.0573. (Based on 4.402 bil shares and as reported in 3QR 2022 which the QR ended on 31 Dis 2021.

If we consider the NOSH reduced by 10 : 1, means the real NTA per share after considering the reduced NOSH by ten times should be at RM0.573.

@Superbull8798... No need to talk kok..
The reality is here...

......The gang of speculating spammers leading by wistlebower99 a.k.a. stockraider a.k.a BILLC are still interested to badmouth on this counter..... And you, IKUT SEKAKI. That makes me feel THAT "THEY ARE STILL INTERESTED TO BUY IN THIS COUNTER'S SHARES" but their targeted price (lowest price) for this counter not yet achieved....

@BILLC

The gang of speculating spammers leading by wistlebower99 a.k.a. stockraider a.k.a BILLC are still interested to badmouth on this counter..... That makes me feel THAT "THEY ARE STILL INTERESTED TO BUY IN THIS COUNTER'S SHARES" but their targeted price (lowest price) for this counter not yet achieved....

Superbull8798

If Kanger is trade below 5 sen n below , price already zero value , no value , really paria stock
----------
If it's really TRUE as you said, therefore you are the true PARIA speculation spammer who still insist to speculate in this DYING stock (as you said)..........

@BILLC.. Based on Kanger International Berhad - Review of Interim Financial (Source: https://www.bursamalaysia.com/market_information/announcements/company... )

Net Tangible Assets = Total assets - Goodwill - Total liabilities
= RM439,119,000 - RM90,228,000 - RM96,294,000
= RM252,597,000

NTA per share = NTA / NOSH
= NTA / (weighted average number of ordinary shares)
= RM252,597,000 / 4,402,891,000
= RM0.0573. (Based on 4.402 bil shares and as reported in 3QR 2022 which the QR ended on 31 Dis 2021.

If we consider the NOSH reduced by 10 : 1, means the real NTA after considering the reduced NOSH by ten times should be at RM0.573.

@Let's Gooooo. If you do not have any interest any more in this counter, I think you should leave it without any more bad comments on it.

Your prediction or evaluation on any specific counter could be true or wrong.
Are you "the malay bamboo bomoh??? He He

Let's Gooooo
...Treat ex-stocks like wife.
-------
I am still holding all my Kanger WBs. Kanger is not my ex-stocks. He He

limweechui
whistlebower99 and MZM got possibility is same people or not ? hahaha... act them and wayang only ?
---------
MZM2511 a.k.a. limweechui....... WHAT SAY YOU limweechui ???

@BILLC. wistlebower99 a.k.a. stocraider a.k.a. BILLC kept spamming this counter for speculation activities until now, Kanger share price keep dropping to sen......

This gang of speculative spammer is the TRUE CON MAN HERE...

@BILLC

The gang of speculating spammers leading by wistlebower99 a.k.a. stockraider a.k.a BILLC are still interested to badmouth on this counter..... That makes me feel THAT "THEY ARE STILL INTERESTED TO BUY IN THIS COUNTER'S SHARES" but their targeted price (lowest price) for this counter not yet achieved....

@BILLC.. Based on Kanger International Berhad - Review of Interim Financial (Source: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3246358 )

Net Tangible Assets = Total assets - Goodwill - Total liabilities
= RM439,119,000 - RM90,228,000 - RM96,294,000
= RM252,597,000

NTA per share = NTA / NOSH
= NTA / (weighted average number of ordinary shares)
= RM252,597,000 / 4,402,891,000
= RM0.0573. (Based on 4.402 bil shares and as reported in 3QR 2022 which the QR ended on 31 Dis 2021.

If we consider the NOSH reduced by 10 : 1, means the real NTA after considering the reduced NOSH by ten times should be at RM0.573.

@Superbull8789..... Let the market determine the future price....
It's not a must for me to follow the speculating spammer's prediction. He He

I'm noted that you are a part of this speculative spammer gang:

.... 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.

JUST A REMINDER....

The gang of speculating spammers leading by wistlebower99 a.k.a. stockraider and lately following by Superbull8798 are still interested to badmouth on this counter..... That makes me feel THAT "THEY ARE STILL INTERESTED TO BUY IN THIS COUNTER'S SHARES" but their targeted price (lowest price) for this counter not yet achieved....

As claimed by Mikeycc: stockraider aka id included:
1. gohku
2. value_seeker
3. BILLC
4. Koey
5. whistlebower99
6. thehoff
7. invest_malaysia

.... 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.

Stock: [KANGER]: KANGER INTERNATIONAL BHD

Mar 28, 2022 4:43 PM | Report Abuse

@BILLC. I already CL the mother shares. Still holding all the WBs.
I have a plan to reenter......

mansaham1972

Sudah la bodohkan diri bulan2 puasa ni.
---------
Anggapan saya sahaja lah...

Komen "yang tidak perbodohkan diri" seperti yang dibuat oleh Superbull8798 di atas memang sangat dipersetujui oleh awak, kan????
MESTI AWAK SOKONG 100%...

SELAMAT BERPUASA...

Orson Chin
..boss dont want push... gold mining dont want dig....
----------

Gold exploration works at Hutan Simpan Bukit Ibam, Mukim Keratong, Pahang ("Plant") - Proposed Utilisation RM1 0,000,000, Actual Utilisation RM6 ,997,000 and Intended Timeframe for Utilisation is within 36 months from the receipt of placement funds (from the subscription of up to 1,205,827,550 new ordinary shares by McQuarie Bank)

I BELIEVE:

The reality is, Bornoil fundamentally should be in a better position...
But, the company is still in its expansion exercises.
Needs new capital for investments... By exercising PP and ESOS

HOW LONG FOR US, THE RETAIL INVESTORS HAVE TO WAIT??????

c. The ILPP is situated adjacent to the limestone quarry lands own by BOB Group of companies. MTSB has entered into a long-term supply contract for limestone with BOB’s subsidiaries (SBR and Borneo Oil & Gas Corporation Sdn Bhd ("BOG") on the current stockpile and overburden waste from existing quarrying operations to supplement the ILPP's initial limestone feedstock requirements. This supply of current stockpile and recovery waste for down streaming activity is also in line with BOB Group’s initiative towards zero waste and reusing/upcycling all materials. This synergistic alliance will enable MTSB and BOB to pool their combined limestone resources and position BOB Group for future expansion; and
d. The acquisition presents an opportunity for the BOB Group to move downstream its quarrying resources to boost the profits further. There is synergy between the BOB Group's existing limestone quarrying business operations and MTSB's clinker and cement plant.

b. There are 12 integrated clinker and cement plants in Malaysia (9 in West Malaysia and 2 in Sarawak. In contrast, there is none in Sabah;
c. The COVID closures in 2020 and 2021 have created an unprecedented urgency for Sabah to become more self-reliant in various sectors of economic importance, including food and construction materials. Cement is one such commodity that is essential to development. The State of Sabah can no longer afford to rely on 100% imported clinker and cement. Therefore, the emergence of the ILPP in Sabah is timely;
d. The State of Sabah has an annual demand of between 1.2 million to 1.4 million metric tons of cement per year. This does not include the future development projects planned on the East Coast of Sabah, and the demand in the BIMP-EAGA region with close proximity to the East Coast of Sabah;

@Superbull8798. Rumour kanger will touch 0.01 sen
---------
Please check your mathematics knowledge. THE LOWEST PRICE SHOULD BE 0.5 SEN...

Don't try to fool others if you are a fool at the fullest. He He

BCM ALLIANCE BERHAD ("BCM" OR "THE COMPANY")
- ACQUISITION OF 4,294,400 ORDINARY SHARES OF BSL CORPORATION BERHAD ("BSL")
- DISPOSAL OF 19,849,000 ORDINARY SHARES OF BSL
------
Subsequent to the Transactions, BCM does not hold any ordinary shares (0%) in BSL as BCM had disposed its entire ordinary shares held in BSL.

The Transactions are not expected to have a material effect on the financial gearing of the Company for the financial year ending 31 December 2022 (“FYE 2022”). As disclosed in the Announcement, the Company had gained a total return of approximately RM1.9 million through the Transactions which might lower the Company’s gearing for the FYE 2022. Furthermore, BCM acquired BSL's shares through its internally generated funds without utilising any margin or any other source of funds.

JUST A REMINDER....

The gang of speculating spammers including JJPTR and BILLC are still interested to badmouth on this counter..... That makes me feel THAT "THEY ARE STILL INTERESTED TO BUY IN THIS COUNTER'S SHARES" but their targeted price (lowest price) for this counter not yet achieved....

BILLC
Agent 2511 been promoted this cap ayam from 60 to 8 sen now,,didn’t he feel ashamed??
--------
And you still here at the said con company.... What the ....

But, you have a business here:

...... As claimed by Mikeycc: stockraider aka id :

1. gohku
2. value_seeker
3. BILLC
4. Koey
5. whistlebower99
6. thehoff
7. invest_malaysia

.... 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.

@BILLC... Just for you...
-----------
Stock: [KANGER]: KANGER INTERNATIONAL BHD

Mar 2, 2022 12:56 PM | Report Abuse

JJPTR

MZM2511, you dont sound like one loosing huge amount of money.
still happily cut lost yesterday.
my guess you are toooo well verse with the Kanger financial.
i dont believe you lost money.
--------------
1. I'm happy??? No. I am really mad at the stock killers who kill my invested counter. Therefore I retalite back.
Anyway I still have some WB to protect. Or maybe I will buy back the mother share if I feel it's at a good
price.

2. I did some study. By the way I have education in accounting.

JUST A REMINDER....

The gang of speculating spammers are still interested to badmouth on this counter..... That makes me feel THAT "THEY ARE STILL INTERESTED TO BUY IN THIS COUNTER'S SHARES" but their targeted price (lowest price) for this counter not yet achieved....

@JJPTR. End of THE DRAMA.....
You, the gang of speculative spammers have own objectives....
My little hopes for the management to do something about the company.
Let the market forces to determine the direction of this counter share price...

But until I sell all my tiny stakes in the company, I'm still prepared to care about this caunter....

wistlebower99 as been claimed by others ABSOLUTELY THE STOCK KILLER.


.....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.

Those ppl lost until bankrupt, don't commit suicide go 2 find him out n ask him 2 compensate your losses.

and:

.......By Mikeycc: stockraider aka id :

1. gohku
2. value_seeker
3. BILLC
4. Koey
5. whistlebower99
6. thehoff
7. invest_malaysia

https://www.theedgemarkets.com/article/kanger-dispose-chinese-bamboo-floor-firm-rm20m

Kanger to dispose of Chinese bamboo floor firm for RM20m
KUALA LUMPUR (March 28): Kanger International Bhd is disposing of China-based bamboo flooring company Ganzhou Kanger Industrial Co Ltd for 30.22 million yuan (RM20 million), as it seeks to streamline its business to focus on the construction business.

In a filing with Bursa Malaysia, Kanger said the group has entered into a deal to sell its 100% stake in the Chinese company to Zeng QinHu. Zeng, 69, is a Chinese national involved in the business of project investment.

Kanger said the disposal is in line with its objective of streamlining its businesses to focus on the construction segment, as well as to unlock the value and monetise Kanger's investment in Ganzhou Kanger group of companies.

The disposal, it added, is expected to help reduce Ganzhou Kanger group of companies’ debt, which stands at 63.44 million yuan (RM41.53 million).

It is also expected to reduce Kanger’s gearing from 0.13 times to 0.05 times.

Kanger said the sale is expected to be completed in the first quarter of 2022.

Shares in Kanger closed unchanged at 8.5 sen on Monday (March 28), giving it a market capitalisation of RM51 million.

whistlebower99

MZM, if without the 100 mil raised from rights issue, what would be the NTA.
-------------
The amount raised from the RI must be included in the computation of the NTA, as it was a new capital raised from the new shares raised. You can read my notes above. The NTA per share calculated was RM0.057. But it was calculated based on 5.97 billion shares before the consolidation exercise completed. Thus, after consolidation completed, the NOSH reduced ten times to 597 million. Therefore the NTA per share should be RM0.057 x 10 = RM0.57. WE BETTER wait for THE in coming 4QR 2022 to look at their NTA per share after consolidation.

JJPTR

With latest bloody loses of 74m rgt, Kanger NTA has plunged from 15c to 7c.
And no light at theend of tunnel yet.
--------------
Another correction:
PLEASE DO NOT BE AN ANALYST WITH THE MISLEADING FACTS.. HE HE
-------
Be noted that the 3QR 2022 was prepared for the quarter ended on 31 Disember 2021. Therefore their NTA and NTA per share still calculated based on the total shares outstanding amounting 5.97 billion prior to the consolidation exercises. The consolidation exercises completed on 10 February 2022.

Therefore the reported NTA per share of RM0.057 as reported in the 3QR 2022 report can be seen today (after consolidation) as equivalent to RM0.57.

JUST A REMINDER....

The gang of speculating spammers are still interested to badmouth on this counter..... That makes me feel THAT "THEY ARE STILL INTERESTED TO BUY IN THIS COUNTER'S SHARES" but their targeted price (lowest price) for this counter not yet achieved....

RATIONALE AND JUSTIFICATIONS FOR THE PROPOSED DISPOSAL

The Proposed Disposal is in line with Kanger Group's objective of streamlining its businesses to focus on construction segment, as well as to unlock the value and monetise Kanger's investment in Ganzhou Kanger, which is principally involved in manufacturing and trading of bamboo flooring and related products as well as property investment and management, that has been loss-making since 31 December 2021.

Earlier in June 2021, Kanger Group had diversified its principal activities to include construction and related activities. Since the diversification, the construction business has overtaken the bamboo manufacturing and trading segment as the main revenue contributor to the Group, as exhibited in its latest unaudited consolidated financial statements for the 9-month FPE 31 December 2021.

Then in December 2021, Kanger has disposed of its entire equity interest in Shenzhen Kanger Holding Co. Ltd. (principally involved in trading of bamboo flooring, bamboo furniture and related products) for a disposal consideration of RMB3,000,000, in line with its initiative to streamline and focus on growing its core construction segment.

As part of its strategy to expand its construction segment, the Group had lined up several growth initiatives through organic and inorganic means with the long term objective of increasing its revenue contribution of its construction business going forward. In addition to its involvement in the project management of several construction projects (such as Antara @ Genting Highlands, Axon Bukit Bintang and The Hipster @ Taman Desa), the Group had also recently expanded its service offering within the construction segment through the acquisition of a 51% equity interest in Sung Master Holdings Sdn Bhd, which is principally involved in sales and trading of building materials.

The Board is of the view that the Proposed Disposal as timely as it presents the Group an opportunity to unlock the value of its investment in its loss-making subsidiaries, namely Ganzhou Kanger group of companies, and at the same time provide the Group a cash surplus to be utilised for the purposes as set out in Section 3 of this announcement. The main proceeds are mainly earmarked for the Group's working capital requirements, which would allow the Group flexibility in respect of financial allocations for the operational requirements of its construction segment, which in turn may allow the Group to carry out operations in a more efficient manner.

Additionally, the Proposed Disposal would also reduce the Group's gearing from 0.13 times (as at LPD) to 0.05 times (after completion of Proposed Disposal), after adjusting for the de-consolidation of the total borrowings of Ganzhou Kanger group of companies amounting to RMB63.441 million (equivalent to RM41.534 million). This allows the Group to reduce its indebtedness and in turn reposition the Group towards a better financial footing moving forward.

Premised on the above, the Board believes that the Proposed Disposal represents a strategic opportunity to monetise the Group's assets to allow the Group to achieve its business plans and objectives.

whistlebower99. I am going to look after the next QR report.
If it's true that the two last QR reports losses caused by the "one off" impairment losses arising from the disposal of Bamboo busineses in PRC (as stated in both of the two QR reports), the next QR report probably will not incur another massive cost of impairment anymore....

STILL SEARCHING FOR ANOTHER SIGN.... BEFORE I CAN CONCLUDE THIS COUNTER AS A TOTALLY CON COMPANY....

1. Zeng QinHui for the proposed disposal of the 100% equity interest in Ganzhou Kanger Industrial Co. Ltd (the latest announcement on 28 March 2022 )
2. Huizhou ZhongNeng Construction Ecological Resources Technology Co., Ltd. for disposal of properties which include two commercial buildings and land located in Ganzhou City ( The earlier announcement on 29 September 2021)
--------
The two announcement involving the different buyer for the different type of assets on disposal....... CONFUSED....

OrlandoOilSemiconIoT
MZM2511

U r a real conman keep saying good things about this con co

Wasn't this China subsidy supposed to sell its 2 buildings for RM 200+m... now the whole subsidy will be sold at RM 20m

Stop promoting this con co


mikeann

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS | https://www.klsescreener.com/v2/announcements/view/3525109
---------
I also do not know much about the real situation about the disposal. Not realy understand it....
Based on the earlier proposal related to the dispossal of two assets:

The Board of Directors of Kanger wishes to announce that Ganzhou Kanger Industrial Co. Ltd., a wholly-owned indirect subsidiary of the Group had on 29 September 2021 received a letter of intent from Huizhou ZhongNeng Construction Ecological Resources Technology Co., Ltd. for disposal of properties which include two commercial buildings and land located in Ganzhou City, China for approximately China Renminbi RMB400.0 million (equivalent to RM258.9 million).

Please refer to the full announcement as attached.

This announcement is dated 29 September 2021.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3196769