gud news coming

I bet TSHS sold for election play

ini sharks changing hands ka...

goodboy....whts the TP for Netx

i3lurker...if you have nothing nice to say, say nothing at all, u are really confusing everyone, especially the new investor

goodboy whats the direction today?

bring back the glory days of Suma

netx invest in mlab

next ifca

Netx is not a pump n dump counter pls

How nice if it can fly like ifca

Uptrend

buy Ancomlb still cheap...

mother up so high....

Read today's announcement

Netx partner with M3..tomorrow sure skyrocket

KLSEMan..give some clue who is taking over

RA is claiming RM4.2M from their former authorised signatories for criminal breach of trust

Backdoor listing by Redberry on?

Sell to buy again...

something good is coming

Yesterday's amended announcement, omission of the Director's name.

A director and major shareholder of PIL, Mr Tan Ewe Beng @ Ewe Beng Alvin Ng is a director of
ASB.

Wintoni pun sudah uplift

Project sudah mau jalan

big roadblock

buying vol increased....

possible 2nd wave after lunch?

counter suspended..can't buy

Hu hu

Hi Pang..how do you know its Priva...

Next TP 0.37

got big project coming in some more?

The Management has submitted the plan, why can't Bursa uplift the suspension...

Very likely PUC is one of the beneficiary...

what is the gud news

Will the suspension lifted b4 the share consolidation

The regularisation plan is expected to be based on the following framework:-

(a) Proposed restructuring of the debt owing to the Scheme Creditors pursuant to Section 176 of
the Companies Act, 1965 (“Act”) and/or any bilateral agreements with such Scheme Creditors
which is estimated at RM34,590,598 as at 30 November 2016 (“Proposed Debt Restructuring
Scheme”);
(b) Proposed par value reduction of the existing issued and paid-up share capital of R&A via the
cancellation of RM0.0475 from the par value of every existing ordinary share of RM0.05 to
RM0.0025 pursuant to Section 64 of the Act;
(c) Proposed share premium reduction of RM3,637,684 to reduce R&A’s accumulated losses
pursuant to Sections 60(2) and 64 of the Act;
(d) Proposed share consolidation of forty (40) ordinary shares of RM0.0025 each into one (1)
new ordinary share of RM0.10 each in the Company;
(collectively known as “Proposed Balance Sheet Reconstruction”).
(e) Proposed acquisition of the entire issued and paid-up share capital in FRCSB from the
Promoters for a purchase consideration of between RM90,000,000 to RM120,000,000 via the
allotment and issuance of between 900,000,000 to 1,200,000,000 FRCR Shares credited as
fully paid to the Promoters based on a guaranteed profit of RM10.0 million per financial year
for the next three (3) succeeding full financial years (“Proposed Acquisition cum Novation”);
(f) Proposed share exchange pursuant to a scheme of arrangement under Section 176 of the Act
whereby the existing issued and paid-up share capital of R&A of 24,171,550 will be
exchanged with 24,171,550 new ordinary shares of RM0.10 each in FRCR (“FRCR Shares”),
on the basis of one (1) new FRCR Share for every one (1) existing share in the Company
(“Proposed Share Exchange”);
(g) Proposed renounceable rights issue of new FRCR Shares (“Rights Shares”) at an indicative
issue price of RM0.10 for each Rights Share on the basis and timing to be mutually discussed
and agreed by the Parties (“Proposed Rights Issue with Warrants”);
(h) Proposed placement of new FRCR Shares to third party investors to be identified later on the
basis to be determined by the Parties (“Proposed Private Placement”); and
(i) Proposed transfer of the listing status of R&A to FRCR which will result in the listing and
quotation for the entire enlarged issued and paid-up share capital of FRCR on the ACE Market
of Bursa Securities (“Proposed Transfer of Listing Status”).
(collectively, the “Proposed Regularisation Plan”)
etc etc...

M&A Securities Sdn Bhd, on behalf of the Board of Directors of R&A wishes to announce that the Company had on 18 January 2017 entered into a framework restructuring agreement (“Framework Restructuring Agreement”) with Lean Kock Kiang and Lee Sek Ang (collectively, the “Promoters”) and FRC Resources Sdn Bhd, a special purpose vehicle incorporated to serve as the new listed vehicle in place of the Company (collectively, the “Parties”) for the following purposes:

(a) to set out the obligations of the Parties in relation to the preparation and submission of the Company’s regularisation plan to Bursa Malaysia Securities Berhad (“Bursa Securities”) and to implement such regularisation plan if it is approved by Bursa Securities; and

(b) the Promoters shall deposit a sum of RM2.5 million with their solicitors, which is to be utilised for the settlement of the scheme creditors of the Company and its wholly-owned subsidiary, R&A Telecommunication Sdn Bhd under the debt restructuring scheme.

Further details of the Framework Restructuring Agreement is provided in the announcement attached herein.

The announcement is dated 18 January 2017.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5318465

Chk out announcement

Got update today

TP

Belum mati ..sakit tenat

kempen kuat...tapi x naik...sigh...

bring back the glory days of Sumatec...

Today's announcement

PDZ is selling Perkapalan Dai Zhun...@ PDZ ..so PDZ is into what biz now

2017 recovery for o&g...time to accumulate while its still cheap

Jan apa news

Suma n pdz no longer abang adik

Wonder who is buying