At least I want to say that, the company is financially strong.....
The share price is the matter of supply and demand mechanism...

EQUITY for 3QR 2021.

Share capital RM153,570,000
Merger reserves (RM16,049,000)
Revaluation reserves RM5,109,000
Warrant reserve RM29,004,000
Other reserve (RM29,004,000)

@Retained earnings 33,281,000

Improved to:

Equity:

Share capital RM153,570,000
Merger reserves (RM16,049,000)
Revaluation reserves RM4,598,000
Warrant reserve RM29,004,000
Other reserve (RM29,004,000)

@@Retained earnings RM35,892,000

Prospects (continued)

(v)Penetrate into virus attenuation or reduction devices business
BC Medicare Sdn Bhd, a wholly-owned subsidiary company of BCM, had on 23 December 2021 entered into a Manufacturing Agreement (“the Agreement”) with rLoop Limited (“rLoop”), a Hong Kong corporation have received a letter of offer from Euro-China Technology Achievement Transformation (Tianjin) Co Ltd. (“EC Tech”), a company incorporated in China to purchase 100,000 units of virus attenuation devices with a total sale of US$200 million (RM845 million), to manufacture, test, configure, assemble, package and/or ship the virus attenuation devices using photon mediated electrons and emitters under rLoop’s own brand name of “rGuard-rLoop Virus Attenuation Device” (“Product”). A separate Original Equipment Manufacturer (“OEM”) manufacturing agreement between rLoop and BCM is underway. BCM will also be responsible for providing training to EC Tech on the functions and operations of the Products.

The Products can disable the coronavirus in enclosed spaces with up to 99.9% efficacy, enabling users to get back to normal and serve the people in a safe environment.

The Agreement enables the Company to penetrate into virus attenuation devices business that might yield attractive return to the Group. The prospects in respect of the proposed engagement shall deem to be strong and convincible with exponentially growth of the demand reckons amidst the expectation of herd immunity post inoculation program across the world.

For the cumulative twelve (12) months of the year ended 31 December 2021, the Group’s revenue had increased by RM7.13 million or 10.47% to RM75.26 million as compared to RM68.13 million in the corresponding cumulated quarter ended 31 December 2020. As disclosed in Note A7, the higher revenue was mainly due to the increase in revenue contribution from healthcare products business segment, health food and beverage business segment and laundry services business segment.

The healthcare products business segment recorded a sharp rise in revenue by RM14.64 million or 119.70% to RM26.87 million in the current cumulative quarter ended 31 December 2021, compared to RM12.23 million in the corresponding cumulative quarter ended 31 December 2020. The increase in revenue was mainly due to new sales generated from virus attenuation devices and higher demand for other healthcare products as consumers became more health-conscious under the COVID-19 climate.

The Group’s new health food and beverage business segment also contributed RM3.26 million revenue in the current cumulative quarter ended 31 December 2021, indicates good demand from customers for consumption of our products.

The Group’s laundry services business segment contributed RM0.74 million revenue in the current cumulative quarter, an increase of 4.79% or RM0.03 million compared to RM0.71 million in the corresponding cumulative quarter ended 31 December 2020. The improvement was mainly due to good demand from customers for use of our services.

Gain on disposal of quoted investments - realised RM694,000

Good 4QR 2021 result....

B ased on 1QR 2022 report:

Fair value gain on investment in quoted securities RM3,256,000
Gain on disposal of quoted securities RM3,294,000

(Note: Verde Resources, Inc. (VRDR) price on end of June 2021 = USD 0.072 and the price on end of September 2021 = USD 0.0744)

Verde Resources, Inc. (VRDR)
Other OTC - Other OTC Delayed Price. Currency in USD
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0.1565+0.0005 (+0.31%)
At close: February 18,2022 03:46PM EST


and:

Shareholders' Fund

Share capital RM633,583,000
Reserves RM55,190,000
Retained earnings RM90,458,000

Available/Listing Date 10 Mar 2022

From 1QR 2022

The sources of revenue:

Head office & others RM9,000
Food and franchise operations RM9,583,000
Property investment & management RM30,000
Resources & sustainable energy RM1,443,000

Group total revenue RM11,065,000

(Note: Food and Franchise operations was the main source of revenue for the company.)

The issue is whether they have been fully operated to mine the gold out ???

--------------

From 1QR 2022

On 25 January 2021, the Company proposed to undertake a Proposed Subscription of up
to 1,205,827,550 new ordinary shares, representing approximately 20% of its existing
total number of issued shares. As at the date of this report, a total of sixty-three (63)
tranches comprising 1,007,000,000 Bornoil Shares had been issued pursuant to the
Proposed Subscription. The total proceeds raised to date is approximately RM31.36
million.

The status of the utilisation of the Proposed Subscription proceeds as at the date of this
announcement is as follows:

2 Gold exploration works at Hutan Simpan Bukit Ibam, Mukim Keratong, Pahang ("Plant")

Proposed Utilisation - RM10,000,000
Actual Utilisation - RM4,626,000
Intended Timeframe for Utilisation - Within 36 months from the receipt of placement funds

The 2QR 2022 is around the corner.......

Stock: [KANGER]: KANGER INTERNATIONAL BHD

Feb 14, 2022 9:41 PM | Report Abuse

deepseavalue TP 40 sen? TP 25 sen first lar, step by step
-----------
Agree. But 25 sen just only equivalent to 2.5 sen before the 10 to 1 conso....
The NOSH is not a problem anymore....
40 sen just equivalent to an ordinary price transacted @4 sen before the conso....

Anyways, I'm not a chartist... Only have a litle knowledge about the FA analysis....
The NTA is 78 sen.

The three substantial shareholders hold their shares at 60 sen cost.....
Do we think that they don't have any plana to make sure their investment in Kanger to be a fruitful investment???
For sure their plan not necessarily for the short term period. It's maybe trgeted to be realised in mid term or long term....

Anyways, my TP 40 sen is for short term target only... I think it can be realised if the QR result was good or have any good announcement that can be a catalyst for the appreciation of the share price in the near future....

I'm going forward to look at the in coming 3QR 2022 result...
I want to see any contribution from the said good investment in Sung Master (Is it a reality or the con story?) and the impact of construction businesses to the company's revenue and profitabilty.

Also waiting for the announcement on the probable results concerning the proposed sale of company properties in PRC and the proposed disposal of Shenzhen Kanger (Could the plans can be realised or still the con stories???).

..... TAYOR

Past records of quarterly reports:

https://klse.i3investor.com/servlets/stk/fin/7036.jsp

TheContrarian Small gold mine, share capital base too large.
---------------

The issue is whether they have been fully operated to mine the gold out ???

BORNEO OIL BERHAD ("BOB” OR THE “COMPANY")
APPROVAL OF NEW MINING LEASE OF 175.04 HECTARES IN SUNGAI CHARAH,
MUKIM KERATONG, DAERAH ROMPIN

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3155565

@Sales...

Bornoil (7036) Has More Lucrative Gold Mining Lease

https://klse.i3investor.com/blogs/MZM251/2021-05-18-story-h1565118941-Bornoil_7036_Has_More_Lucrative_Gold_Mining_Lease.jsp

@BILLC...

HARDWORKING SPAMMER / SPECULATOR AND THE GANG INVADED SOME STOCK COUNTERS FOR THEIR OWN WINNING TROPHIES.......

Just as reminder.... wistlebower99 as 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

whistlebower99 ..........

All the opinion and facts about his/her targeted counters... For me just the acts TO KILL THE SAID STOCKS..

https://klse.i3investor.com/servlets/cube/post/whistlebower99.jsp

@Amzar007.....This company also had bad reputation is social media. You can see in this forum also, most of them talk negatively for this company. It's alright probably it is syndicate to drag the price further.
--------

I believed that this counter is one of the counter which has been targeted by the spammer speculative syndicate.... That's why I had aggresively triedt to defend this counter while I'm still holding the shares..

Thank you for your advices.

@Amzar007. One of the reason why the investors have no trust on the company, think caused by the results for last quarters always negative. I think if the QR turned positive, it may give some hopes for the company.
The price may or may not be appreciated instantly if the company recorded positive QR. But I think it can helps the long term investors to keep holding the shares... TAYOR

Brother. Sudah-sudahlah. Kalau dah tak ada harapan lagi dengan Kanger, lebih baik lupakan sahaja kaunter ini.... Biarkan sahaja pihak lain yang masih percaya atau TERPAKSA kekal dalam kaunter ini untuk stay dalam thread ini.....

Kalau tujuan untuk kutuk supaya saham terus jatuh ke tahap yang kamu mahu beli dan peringatkan pelabur lama untuk jual supaya kamu boleh beli pada harga murah, CAKAP SAHAJA NIAT KAMU KALAU BETUL SEBEGITU.... Memang baguslah begitu untuk kamu...He He

whistlebower99 HIGHLY PAID PROMOTERS

MZM2511, RR1668 AND SHAVEMYFURM

BE CAREFUL OF ALL THE GOOD NEWS AND ARTICLES SINCE 12 MONTHS AGO

-------------
No...... A HARDWORKING SPAMMER / SPECULATOR INVADED SOME STOCK COUNTERS FOR THEIR OWN WINNING TROPHIES.......

Just as reminder.... wistlebower99 as 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

Just as reminder.... wistlebower99 as 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

Stock: [KANGER]: KANGER INTERNATIONAL BHD

Feb 14, 2022 9:41 PM | Report Abuse

deepseavalue TP 40 sen? TP 25 sen first lar, step by step
-----------
Agree. But 25 sen just only equivalent to 2.5 sen before the 10 to 1 conso....
The NOSH is not a problem anymore....
40 sen just equivalent to an ordinary price transacted @4 sen before the conso....

Anyways, I'm not a chartist... Only have a litle knowledge about the FA analysis....
The NTA is 78 sen.

The three substantial shareholders hold their shares at 60 sen cost.....
Do we think that they don't have any plana to make sure their investment in Kanger to be a fruitful investment???
For sure their plan not necessarily for the short term period. It's maybe trgeted to be realised in mid term or long term....

Anyways, my TP 40 sen is for short term target only... I think it can be realised if the QR result was good or have any good announcement that can be a catalyst for the appreciation of the share price in the near future....

I'm going forward to look at the in coming 3QR 2022 result...
I want to see any contribution from the said good investment in Sung Master (Is it a reality or the con story?) and the impact of construction businesses to the company's revenue and profitabilty.

Also waiting for the announcement on the probable results concerning the proposed sale of company properties in PRC and the proposed disposal of Shenzhen Kanger (Could the plans can be realised or still the con stories???).

..... TAYOR

@Amzar007.....Yg dok hold ni semua pakai 'teknik harapan' jer sekarang ni.
-----------
Betul sekali... Termasuk saya sendiri memang banyak menggantungkan harapan berdasarkan kepercayaan sendiri terhadap apa yang dilaporkan oleh syarikat. Cuba kongsi pandangan.
Keputusan untuk melabur atau cash out dari kaunter ini sendiri buat keputusan. TAYOR

5c0160 Share consolidate n GN3 soon
---------
GN3????..... Why??? Because of these??

..

The company in the past always making money except in a number of quarterly reports.

https://klse.i3investor.com/servlets/stk/fin/0187.jsp


Its also showed in the company latest equity report:

THE LATEST EQUITY OF BCMALL

EQUITY (RM)

Share capital 153,570,000
Merger reserves(16,049,000)
Revaluation reserves 5,109,000
Warrant reserve (29,004,000)
Other reserve 29,004,000

@@@Retained earnings 33,281,000

BE CAREFUL OF ALL THE SPAM AND SPECULATIVE ACTS IN MANY COUNTERS SINCE 12 MONTHS AGO

https://klse.i3investor.com/servlets/cube/post/whistlebower99.jsp

JuliusCeasar BECAREFUL next coming week could hit 15c. The article recently said TP 1 is 20c whereas support1 is 15c. That's indicate share price hover between 15c to 20c.
That is what happen in 4 days started from Monday till today.

The price could go higher back but won't cross 20c level and could drop and hit 15c.

If rebound the price would be from 15c onwards but would not happen in the near time.

To be safe better wait for QR release. If it is positive then tendency move up is high.

Qr release should be next.... The truth would be revealed soon.
17/02/2022 5:31 PM

@mager1144...

Stock: [KANGER]: KANGER INTERNATIONAL BHD

Feb 10, 2022 7:50 AM | Report Abuse

hopeless counter cant even make profit. @bursa ban this counter ASAP. 0.2 t0 0.05 again wait and see and they do the same history again. omg @bursa take action.. wat u guys waiting for. people wan profit every years. not losess. if u got eyes open and see

@JuliusCeaser. Agree. Thanks.

@wistlebower99. But for me, the prospect for Kanger in long run is greater.

PasukGB Nosh: 1.535b NTA: RM0.40 The Last QR Revenue:18.2 mil

Kanger NOSH: 597.93m NTA: RM0.78 The Last QR Revenue: 64.8 mil

TAYOR

whistlebower99 HIGHLY PAID PROMOTERS WIN ALL
-------
No...... A HARDWORKING SPAMMER / SPECULATOR INVADED SOME STOCK COUNTERS FOR THEIR OWN WINNING TROPHY.......

Just as reminder.... wistlebower99 as 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

The targeted lowered price for PASUKGB by spammer / speculator was achieved, therefore maybe it's now the time for wistlebower99 to promote the said counter. He He

@whistlebower99...
--------
It is easy to make a conculsion based on the review of your every postings on this thread......

https://klse.i3investor.com/servlets/cube/post/whistlebower99.jsp

Also fellow friends can study mine...

https://klse.i3investor.com/servlets/cube/post/mzm2511.jsp

JuliusCeasar I agree with you MZM2511 and you are one of them. Hahaha
---------
JuliusCeaser. I'm referring to the spammer / speculator who always do spamming to push down the price.

As I'm in concern, I always promoting the counter, at least a trial to sustain the price...

https://klse.i3investor.com/servlets/cube/post/mzm2511.jsp


Actually, my comment is referring to stockraider aka whistlebower99 aka thehoff and his/her gang, maybe including JJPTR. He He

A HARDWORKING SPAMMER / SPECULATOR INVADED SOME STOCK COUNTERS FOR THEIR OWN WINNING TROPHY.......

Just as reminder.... wistlebower99 as 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

After a lot of spamming from the first day of transaction after consolidation, now I think at least
a group of spammers / speculator are ready to pick up the shares at lower level.....

THAT IS THE WAY THE GROUP OF SPAMMERS / SPECULATORS WORK......

Con or no con, I'm going to see if any improvement on Kanger's FA in the in coming QR result.
Too tired already investing in the counter which is targeted by speculative spammers......

Currently, still holding the shares. Still holding for a long term view. TAYOR

...........................

Kanger already in the process to dispose its bamboo business in the PRC and will focus on the new business activities in Malaysia..

SOME NOTES ABOUT THE DISPOSAL OF BAMBOO BUSINESS AND THE FUTURE PROSPECTS OF THE COMPANY.

1. 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 Shenzhen Kanger group of companies, which is principally involved in trading of bamboo flooring, bamboo furniture and related products, that has been loss-making since FYE 31 March 2021.

# The company is proposing to dispose the unprofitable business.

## The Disposal Consideration would result in a pro forma gain of RM3.44 million to Kanger.

2. Earlier in June 2021, since the diversification of Kanger, 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 6-month FPE 30 September 2021.

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 revenue tremendously increased with a dismal profit.

Revenue breakdown: 6-month FPE 30 September 2021. Revenue from manufacturing and trading of bamboo flooring and related products RM8,143,000. Revenue from construction works RM60,813,000. Total revenue RM68,956,000.

## The revenue will be sustained at least for several QR as the current order book value of the construction projects is of about RM1.0 bilion.

### Hope the profit margin from the constrution segment can uplift the profitability of the company.

3. 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 acquisition of Sung Master will positively enhance our financial performance as Sung Master is a profitable company. For the full-year (ended June 30 2021), we expect Sung Master to deliver an estimated net profit and revenue of about RM20.0 million and RM115.0 million respectively," said Kanger executive director Steven Kuah Choon Ching said.

## Kanger said Sung Master had consistently delivered a profitable performance over the past three financial years (FY), from FY ended January 2018 up to the audited 17-month of FY ended June 2021 and the latest unaudited 10-month ended April 2021.

### The contribution from Sung Master not yet recorded in this QR report as the Sung Master acquisition completed only on 30 September 2021.The 2QR 2022 ended on 30 Sept 2021.
The contribution from the Sung Master acquisition will be realised in the in coming 3QR 2022.


4. 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).

# Based on an assumption that Ganzhou Kanger Industrial Co. Ltd is the owner of the said two commercial buildings and land located in Ganzhou City which under a disposal proposal, the disposal of the said assets probably will give Kanger several million Ringgit of profit to be recorded in its future related quarterly report.

Yes. You're Noobie123. I'm MZM2511. He He. Both of us has our own reasons to be here in this counter.

@Noobie123.
... One no need to buy assets wholly by cash. It can be part cash, part in lieu of cash using shares.

Agree... But in the said transaction I don't see any info to relate the transaction as part payment by cash and part by issuing shares. Normally, if the said transaction involved payment by issuing shares, the company will announce it such as what was executed in the acquisition of Sung Master.


...Then again, valuation of the transacted shares become an interesting subject, at what is the actual cost.

I think you and JJPTR suppose to be the licensed property valuer in every company both of you invested (which involved in acquisition of real estate asset). If both of you can do it, I am very glad to follow you in every counter you invested. He He.

TAYOR

@JJPTR. Surely will benefit Aset Kayamas as the seller of those condo

But, my question is, on what reason Miss Chai from Aset Kayamas invested in Kanger up to be one of the substantial share holders???
I think there should be a positive reasoning besides the move by her. What say you?

@pineaple123.... Don't forget, in addition, it also conducts limestone mining operation which is located in Ulu Segama at Lahad Datu, Sabah.

deepseavalue TP 40 sen? TP 25 sen first lar, step by step
-----------
Agree. But 25 sen just only equivalent to 2.5 sen before the 10 to 1 conso....
The NOSH is not a problem anymore....
40 sen just equivalent to an ordinary price transacted @4 sen before the conso....

Anyways, I'm not a chartist... Only have a litle knowledge about the FA analysis....
The NTA is 78 sen.

The three substantial shareholders hold their shares at 60 sen cost.....
Do we think that they don't have any plana to make sure their investment in Kanger to be a fruitful investment???
For sure their plan not necessarily for the short term period. It's maybe trgeted to be realised in mid term or long term....

Anyways, my TP 40 sen is for short term target only... I think it can be realised if the QR result was good or have any good announcement that can be a catalyst for the appreciation of the share price in the near future....

I'm going forward to look at the in coming 3QR 2022 result...
I want to see any contribution from the said good investment in Sung Master (Is it a reality or the con story?) and the impact of construction businesses to the company's revenue and profitabilty.

Also waiting for the announcement on the probable results concerning the proposed sale of company properties in PRC and the proposed disposal of Shenzhen Kanger (Could the plans can be realised or still the con stories???).

..... TAYOR

Too many spammers/speculators here...... But I'm with rr1688.... RELAX AND BE COOL...

Still put some hopes on this counter. I think the next target is not 4 sen but 40 sen... He He

BenBlurBlur MZM2511
BenBlurBlur MZM2511

All these impairment losses look more like write off the China bamboo business is it? Thank you
All these impairment losses look more like write off the China bamboo business is it? Thank you
-----+
All one-ioff expenses had been charged at 2QR 2022 accounts. The propose disposal of the sub with some profit should been calculated based on post 2QR accounts

BenBlurBlur MZM2511

Kanger is not selling its China bamboo business but is write off its China bamboo business is it ?

Thank you
----------

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KANGER INTERNATIONAL BERHAD ("KANGER" OR "THE GROUP") PROPOSED DISPOSAL OF SUBSIDIARY

The Board of Directors of Kanger wishes to announce that its wholly-owned indirect subsidiary, namely Ganzhou Kanger Industrial Co. Ltd., had on 16 December 2021 entered into a share sale agreement ("SSA") with Xue YongXing for the proposed disposal of 35,900,000 ordinary shares in Shenzhen Kanger Holding Co. Ltd. ("Shenzhen Kanger"), representing 100% equity interest in Shenzhen Kanger for a disposal consideration of RMB3,000,000 (equivalent to RM1,993,500) to be wholly satisfied in cash, on the terms and conditions contained in the SSA ("Proposed Disposal").

Further details on the Proposed Disposal are set out in the attachment enclosed.

This announcement is dated 16 December 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3219389

@BenBlurBlur. READ THE ANNOUNCEMENT CAREFULLY. IS IT SELLING THE SUBSIDIARY WITH BAMBOO BUSINESSES OR WRITE OFF IT???

Just as reminder.... wistlebower99 as 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

The figures from 2QR 2022 report:

Administrative expenses RM50,423,000.

The Group has also incurred non-recurring expenses such as recognition of share-based payments amounting to RM5.8 million granted to the directors and employees of the Company, impairment loss on inventories amounting to RM13.3 million, impairment loss on trade and other receivables amounting to RM25.1 million and impairment loss on property, plant and equipment amounting to RM4.7 million in the current financial quarter and financial period-to-date.

PatienceCounts Poor QR to be announced soon. Speculative investment in Fast ENERGY alone will hv incurred huge loss by multi-millions RM.
--------------------

As at 26 March 2021, the shares by Kanger in Fast is 10,797,100.

As per 2QR 2022, reported that Other investments (should included the cost for investment in quoted shares) RM9,589,000.

Also, as per 2QR 2022, There were no other income including gain or loss on derivatives and exceptional items for the said financial quarter.

I THINK, PROBABLY THE LOSS ON DERIVATIVES (INCLUDING KANGER’S INVESTMENT IN FAST SHARES) ALSO NOT COUNTED IN THE IN COMING 3QR 2022, as per my study on the announcement, there was no announcement on the disposal of Fast shares by Kanger after 21 March 2021.

Therefore, I think this 3QR 2022 the profitability of Kanger will depend on:

1. There is any profit can be recorded from the probable increase in construction revenue.

2. There are no more big amount of impairement losses from the operations in PRC including impairment loss on inventories, impairement loss on property,plant and equipment, impairement loss on trade and other receivables as per what has been recorded in the last 2QR 2022.

3. Any contribution of revenue and profit from Kanger new subsidiary, Sung Master as I think this 3QR 2022 will be the first time for it to be counted in Kanger’s QR account.


@@@@ There should be lack of info that will affect my analysis or prediction....TAYOR

@Dodge_wallet .... Thanks. My plan only to look at the in coming QR at the end of this month. Hope for some improvement. If no improvement, then....... TAYOR

Con or no con, I'm going to see if any improvement on Kanger's FA in the in coming QR result.
Too tired already investing in the counter which is targeted by speculative spammers......

Currently, still holding the shares. Still holding for a long term view. TAYOR

.............

Kanger already in the process to dispose its bamboo business in the PRC and will focus on the new business activities in Malaysia..

SOME NOTES ABOUT THE DISPOSAL OF BAMBOO BUSINESS AND THE FUTURE PROSPECTS OF THE COMPANY.

1. 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 Shenzhen Kanger group of companies, which is principally involved in trading of bamboo flooring, bamboo furniture and related products, that has been loss-making since FYE 31 March 2021.

# The company is proposing to dispose the unprofitable business.

## The Disposal Consideration would result in a pro forma gain of RM3.44 million to Kanger.

2. Earlier in June 2021, since the diversification of Kanger, 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 6-month FPE 30 September 2021.

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 revenue tremendously increased with a dismal profit.

Revenue breakdown: 6-month FPE 30 September 2021. Revenue from manufacturing and trading of bamboo flooring and related products RM8,143,000. Revenue from construction works RM60,813,000. Total revenue RM68,956,000.

## The revenue will be sustained at least for several QR as the current order book value of the construction projects is of about RM1.0 bilion.

### Hope the profit margin from the constrution segment can uplift the profitability of the company.

3. 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 acquisition of Sung Master will positively enhance our financial performance as Sung Master is a profitable company. For the full-year (ended June 30 2021), we expect Sung Master to deliver an estimated net profit and revenue of about RM20.0 million and RM115.0 million respectively," said Kanger executive director Steven Kuah Choon Ching said.

## Kanger said Sung Master had consistently delivered a profitable performance over the past three financial years (FY), from FY ended January 2018 up to the audited 17-month of FY ended June 2021 and the latest unaudited 10-month ended April 2021.

### The contribution from Sung Master not yet recorded in this QR report as the Sung Master acquisition completed only on 30 September 2021.The 2QR 2022 ended on 30 Sept 2021.
The contribution from the Sung Master acquisition will be realised in the in coming 3QR 2022.


4. 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).

# Based on an assumption that Ganzhou Kanger Industrial Co. Ltd is the owner of the said two commercial buildings and land located in Ganzhou City which under a disposal proposal, the disposal of the said assets probably will give Kanger several million Ringgit of profit to be recorded in its future related quarterly report.