FAST ENERGY HOLDINGS BERHAD (FORMERLY KNOWN AS TECHFAST HOLDINGS BERHAD) ("FAST ENERGY" OR THE "COMPANY")
I. PROPOSED SHARE CONSOLIDATION;
II. PROPOSED PRIVATE PLACEMENT; AND
III. PROPOSED ACQUISITION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board, UOBKH wishes to announce that the listing application in relation to the Proposals has been submitted to Bursa Malaysia Securities Berhad on 8 June 2022.

This announcement is dated 9 June 2022.
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this pull down .........price...dilution...not much benefit to bilis

consolidation fear?? bilis at loss

really....pray hard not to jump off KL Tower

so pru..next yr..hahaaa

why too long....ding dong......slow talk ...

..28 Sep 22>The Applicants SE and gengs will be required to attend at Court on 28 September 2022 to update the Court on the progress of the Proposed Schemes of Arrangement

foR SE..termed loan interest...funders/ bankers...hahahaaa too will changes

so we can expected BNM to revised again OPR in july seating ..likely hike again to a new level of 2.25%. lots of things will be affected..... are

India to encountered similar issue. spill over US effect.The Indian rupee plunged to a record low against the dollar on Monday, ahead of an expected US interest rate hike this week aimed at fighting surging inflation.

The rupee hit 78.2825 per dollar for the first time as a forecast-beating US inflation report on Friday heightened prospects for a further tightening of monetary policy by the Federal Reserve.

by year end 2022 likely as stipulated by analysts

its true likely high probability Ringgit will touch RM 5 to a USD1.....our daily domestics food ..die...mmmah increase furtger

whale eats all ...still hungry..no fish left

janda kreport..facial uplift hahaaaa different mahhh try see

never listen ok..but self brain for the best..do not follow like cows... decisions are yours.. play safe... take cornering easy..do not fall on dlippery road

hahaaa..nver listen..die mahh die mahhh

.Posted by cicakman > 17 hours ago | Report Abuse

Tommorow market will karput minimun 15 points.

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wise man speaks the likely to happens. And true it happens ...even worst now down -26.6 points -1.76%

SE sell assets contra to pay off debt. Then whats left over...how to run business..if even after trade off. assets ..still debts not settled, asset gone, legacy contracts according to new ceo ..non profitable...yet obligations to fulfil contract still hve....howwww

whales soon thin..no food..fish all run away

15 minutes opening bskl bloodbath down spiraling -21 points...outstanding....

r12047....try answer those queries if u so concerned and bloody high of integrity..lets the forum judge u. say something of beneficial

pump in billions too no significant effect of outcome performances...where are those billions bail out monies 2019...evaporated too...yet SE continue to sink...cannot brain

SE options based on goodwill..
1. petronas bail out.2. MoF guarantee loan. 3. funders/ bankers give loans further. 4. standalone mode..sell assets to pay debt. 5. Die. 6. investors too death
As

see how the market react to SE.....predicaments

MONDAY....outlook....KUALA LUMPUR (June 11): Bursa Malaysia is expected to trade with a downside bias next week, in line with the movement of the global equities market, moving between the 1,480 and 1,490 level, a dealer said.

Inter-Pacific Asset Management Sdn Bhd executive director and fund manager Datuk Dr Nazri Khan Adam Khan said the benchmark FBM KLCI, which broke its psychological level of 1,500 on Friday (June 10), is expected to slide further

this is something of ......ridiculous.

Pembinaan PFI records debts of RM2.66 bln for FY2013, says Najib - The Edge Markets http://www.theedgemarkets.com/article/pembinaan-pfi-records-debts-rm266-bln-fy2013-says-najib#.YqX743wZVvA.whatsapp

Reminisce the rational of MoF possible involvement in assisting goodwill? same no difference....... history repeated over and over.

Shocking.......
Pembinaan PFI the next 1MDB? - The Edge Markets http://www.theedgemarkets.com/article/pembinaan-pfi-next-1mdb#.YqX5BR_Jz7k.whatsapp

https://www.sapuraenergy.com/press_release/sapura-energy-berhad-announces-unaudited-preliminary-financial-results-for-financial-year-2022/

SE Burning cash not to forget...with little or no significant revenues to cover operational exp......discrepancies in this . If SE can manage to overcome these at least breathing space for further recovery hopefully.. with mngmt of better integrity performance outcome based oriented

Trade off likely with SE.... assets for debt settlement
30 Jun 22.. court wants all funders and claimants to present to court their belonging all owed by SE to them ....

Posted by bullmarket1628 > Jun 12, 2022 4:33 PM | Report Abuse

南详商报。财经新闻
传Icon岸外拟购沙布拉能源资产
2022年06月11日

https://www.enanyang.my/财经新闻/传icon岸外拟购沙布拉能源资产

（吉隆坡11日讯）Icon岸外（ICON，5255，主板能源股）将成为新一个沙布拉能源（SAPNRG，5218，主板能源股）的拯救者？
根据财经周刊《The Edge》报道，Icon岸外有意接手，沙布拉能源在联营的沙布拉贝克休斯（Sapura Baker Hughes TPS）手持的51%股权。

Icon岸外和沙布拉能源并未否认此收购计划。

已经陷入PN17、急需重组的沙布拉能源，在回应《The Edge》时直言：“作为重组计划，我们在重审所有资产和业务，包括沙布拉贝克休斯。”
Icon岸外则回应指，该集团一直不断找寻强化自身能力，和为所提供服务增值的机会。

“现在的财务状况，让我们有着强劲地位去追求一些有价值的并购活动。”
沙布拉贝克休斯是沙布拉能源与美国油气巨头贝克休斯，以51：49方式联营的油气服务公司，并负责为国家石油的浮动液化天然气设施提供维修服务。
报道特别称，这家联营公司是沙布拉能源“较成功的一个单位”；截至2021年1月财年，这家公司拥有超过2亿令吉资产，以及约1.58亿令吉负债，并获得3785万令吉税后净利。


let me translate this for our benefit all..

hahaaa.....

KUALA LUMPUR 11) (ICON, 5255, Main Board Energy Stocks) will be the savior of a new Sabra Energy (SAPNRG, 5218, Main Board Energy Stocks)?
According to the financial weekly The Edge, Icon offshore intends to take over, and Shabra Energy holds a 51% stake in the joint venture Sapura Baker Hughes TPS.

Icon Offshore and Shabra Energy have not denied the acquisition.

Shabra Energy, which is already stuck in PN17 and in dire need of restructuring, responded to The Edge and said bluntly: "As a restructuring plan, we are revisiting all assets and businesses, including Shabra Baker Hughes. ”
Icon Offshore responded that the group has been looking for opportunities to strengthen its capabilities and add value to the services it provides.

"The current financial situation gives us a strong position to pursue some valuable M&A activity."
Shabir Beck Hughes is an oil and gas services company jointly operated by Shabra Energy and U.S. oil and gas giant Baker Hughes on a 51:49 basis and is responsible for providing maintenance services for national oil's floating LNG facilities.
In particular, the report said that the associated company was a "relatively successful unit" of Shabula Energy; For the financial year ending January 2021, the company had over RM200 million in assets and approximately RM158 million in liabilities and received NET PROFIT AFTER TAX of RM37.85 million.

Ironshirt...hahaa ur mindset like a gambler.... its not to convince whoever..its just a forum looking feedback fm players... buy or sell is own decisions. But here we open up mind and reality... you want buy sell go ahead no body influencing.. nobody forcing or nobody even cares....the talks about is just to knock the reality and feeling of whats is going on... in this stock ....as players better to be open up...aware of all possible circumstances u re in..why? for better positioning and to gain of course....... no use buy low sell lower if u can avoid it.....hahaaa

still never remorse...capitalist dominating the market..

corrupt governance becoming worst into GLC....long time already happening..only lately God wants to show the dirty corrupts oligarch games

2019 pnb threw RM2.8 billion. what did pnb get in return? ROI negative. paper loss in billions.... 2years gone..nothing 0 ROI...nevernkearnt..cos not their monies..public monies...shittt

MoF step in..commit suicide in SE case? why...? what MoF expected to gain ... next 1-2 years? ROI fm SE...very ????? public funds used to bail out...crqzyyyyy

sounds valid analysis cicakman....hahaa wise man talks

Its all about oligarchs governance playground...so bilis like us u and me retailers ....need to aware ...too many unchartered territorial water ..danger shark and whales are lurking for prey...... touch and go NOT torched and die hhhahahaa

agreed nikmon agreeed with ur views

Based onUOB Kay Hian Research also retained its “sell” rating on Sapura Energy with a diluted target price of 3 sen.

“We continue to peg it to 0.1 times P/B (price-to-book ratio) which assumes high default risk based on our assessment of its ability to renegotiate covenants, likelihood of generating sufficient cash flow and ability to sell assets at a decent price,” justified analyst Kong Ho Meng.

On Positive Note

1. Interestingly, MIDF Research retained its “buy” call on Sapura Energy on the basis that the gradual re-opening of international borders as the pandemic recovery progressed with the vaccination and booster shot drives in the region presented the company with an opportunity to obtain more contracts in its E&C and E&P (exploration and production) divisions.

2. MIDF research also opined that despite the lower earnings, the group’s strong order book showcased the resiliency and trustworthiness in its services, equipment and operations on a global scale “We believe its contract wins and future prospects will continue to sustain its bearing in the sector.”

disclaimer
trade with care own decisions

What is net asset value (NTA) and why is it important?
basically a company with high NTA is able to obtain acquisition financing more easily since it owns more assets to use as security for loans. NTA can be used to determine company risk levels such as solvency and liquidity. It is important to know that although determining the NTA for a company offers benefits, its usefulness varies greatly across industries.

with current NTA 0.02 cents ? simply it reflect denotes an expression of the underlying value of the company. That is, it is a statement of the value of the company's total assets minus the value of its total liabilities and the value of its intangible assets such as patents and goodwill.

how?????

imagine current NTA merely 0.02 cents....what do u expect out of it??? hoping again. we re in real world physical world...not virtual or paper world.....Its reflect what we traders perceived of SE value....correct me if i am wrong.....

This supertanker...can it be repaired on the first place?
why drag Petronas or gov guaranteed thinking of it.. its a private enterprise though GLC....

SE has been badly to worst managed based on the outcome of its ROI.......but the ship still sailing limping to port... lucky to reach port for repair. Who wants to admit it..its facts ...not factious real

Does PETRONAS rely or dependable on SE? Petronas has a wide choices of EPCC contractors capable .....doing business on goodwill terms at the mass scalar is not worthwhile and of no strategic value.

correct cicakman..... u re wise

cicakman..... its just make up window dressing....to make it looks ggod playing with human greed wants and needs..pscho a bit hahah

mr understand...... i shy off fm SE only smart tag on SE..... but hoping a magic wand to turn a bad egg into golden egg may not be ruled out magicians land here. for a least 1 yr .if can sustain hold tight carry on..but be prepared to for the downside outlook self check risk assessments.
1 continues trading ding dong till out of PN17...possibly mammoth hurdles 1 year time frame. Possibly extended if...
2.suspended then ...consolidation.. continue trading
3.. suspended for delisted
4, suspended ..winding up due processes

but again anything can happens for PN17 status dont play play magician Land .

Positive possibilities... but the probabilities of bailing out too still sceptical based on hidden hands magic wand and oligarchs push and pull...still on the table though SE in ICU state..still heart beating hahah

1. PETRONAS bail out ..later
2. gov guaranteed good ..later timing with PRU..meanwhile hve 1 yr fom date of PN17 incursions for playing opera soap or football games...time ticking
3 institution sovereign fund wealth local or foreign
4. ding doing till pru waiting magic wands to wave in calling miracle
5. suspended for consolidation and continue trading
6. delay death.... on support machine while riding the wave and cornered more billis /retailers for ultimate execution

bet wisely hahahahahaaah but do not push your luck too far..........

choose the possible outcome of your wish

heart beat not stable...gahaaaa

everything must hve a cut off point.... u cannot bail out a well known debt laden comp on goodwill terms..especially when involved public funds...etc. public f