Base on my BRIEF study on QR4 2023 (The latest QR) of LKL:

(Note: A comparative info from QR3 2023 included)


The summary on the company from QR4 2023:

A: The company is improving its profitabilty. QoQ, the revenue increased. Recorded net profit for TWO consecutive quarters.

B. Still sitting on a negative reserve.

C: A cash rich company with RM 36,570,000 cash and cash equivalent.

D. Total assets > Total liabilities, Total current assets > Total current liabilities: Means still has a low indebtedness risk.


THE FINDINGS

1. NTA 44.0 sen _ , QR3 2023 - 44.0 sen.
2. NOSH 388.06 mil _ , QR3 2023 - 388.06m

3. EQUITY
Share capital RM 240,262,000 _ , QR3 2023 - RM240,262,000
Merger deficit (RM 29,580,000) _ , QR3 2023 - (RM29,580,000)
Accumulated losses (RM 39,021,000) _ , QR3 2023 – accumulated losses (RM39,070,000)
Equity attributable to owners of the Company RM 171,661,000 _ , QR3 2023 - RM171,612,000
Non-controlling interests ( RM 638,000) _ , QR3 2023 - (RM644,000)
TOTAL EQUITY RM 171,023,000 _ , QR3 2023 - RM170,968,000

4. Cash and cash equivalent:
Fixed deposit with licensed bank RM 20,380,000 _ , QR3 2023 - RM20,228,000
Cash and bank balances RM 16,190,000 _ , QR3 2023 - RM19,373,000

5. Assets:
Non-current Assets RM 115,876,000 _ , QR3 2023 - RM107,568,000
Current Assets RM 97,952,000 _ , QR3 2023 - RM97,327,000
TOTAL ASSETS RM 213,828,000 _ , QR3 2023 - RM204,895,000

6. Liabilities:
Current Liabilities RM 34,138,000 _ , QR3 2023 - RM24,859,000
Non-current liabilities RM 8,666,000 _ , QR3 2023 - RM9,068,000
TOTAL LIABILITIES RM 42,805,000 _ , QR3 2023 - RM33,927,000

7. QR4 2023 Results
Revenue RM 15,940,000 _ , QR3 2023 - RM 8,821,000

Profit before tax RM 4,147,000 _ , QR3 2023 - RM 1,045,000

Net profit RM 44,000 _ , QR3 2023 - RM 1,058,000

Loss before tax -12,429,000 Net loss -15,170,000 NTA 2.2 sen (drop from 2.7 sen).

Saya cakap dah, memang dah nak PN17 ini counter......

@roger3210...
You are spamming this counter and promoting Econbhd, not just for his/her intention to promote Econbhad... His/her intention in naysaying Aneka is to dampen the price of Aneka.... down to his low entry price objectives....

He/She is AN OPPURTUNIST SPAMMER here....

So. Don't bother his/her spam..

I won't bother your favourite counter, EconBhd.. If its realy good, just promote there, at its thread. Jangan suka jadi orang gila talak.

Isteri sudah cerai... Awak masih terhegeh-hegeh "merayu" kalau boleh dapat diskaun??? He He He

Base on my BRIEF study on the QR4 2023 (The latesr QR) of Wegmans:

(Note: A comparative figures from QR3 2023 included)


A: Sitting on positive reserve / Retained profits of RM 82,245,000 (121% of its share capital).
It means, the company is a profitable company.
B: Has a moderate cash and cash equivalents of RM 19 mil.

C. Total assets > Total liabilities, Total current assets > Total current liabilities, and its total current liabilities below 50% of its current assets – Means has a low indebtedness risk.

D. The dividend for shareholders – Dividend of 0.5 sen per ordinary share in respect of the financial year ended 31 December 2023.


THE FINDINGS:

1. NTA 23 sen _ , QR3 2023 - 23 sen.
2. NOSH 550.54 mil _ , QR3 2023 - 550.54 mil.

3. EQUITY
Share Capital RM 68,155,000 _ , QR3 2023 - RM 68,154,000
Treasury shares (RM 94,000) _ , QR3 2023 - (RM 94,000)
Merger defisit (RM 22,100,000) _ , QR3 2023 - (RM 22,100,000)
Retained profits RM 82,245,000 _ , QR3 2023 - RM 78,161,000
Equity Attributable To Owners Of The Company RM 128,206,000 _ , QR3 2023 - RM 124,121,000
Non-Controlling Interest RM 1,541,000 _ , QR3 2023 - (RM 1,483,000)
TOTAL EQUITY RM 129,747,000 _ , QR3 2023 - RM 125,604,000

4. Cash and Cash Equivalent:
Deposits, bank and cash balances RM 19,855,000 _ , QR3 2023 - RM 12,350,000

5. Assets:
Current Assets RM 72,635,000 _ , QR3 2023 - RM 70,838,000
Non-current Assets RM 116,306,000 _ , QR3 2023 - RM 117,267,000
TOTAL ASSETS RM 188,941,000 _ , QR3 2023 - RM 188,105,000

6. Liabilities:
Current Liabilities RM 27,860,000 _ , QR3 2023 - RM 30,095,000
Non-current liabilities RM 31,334,000 _ , QR3 2023 - RM 32,406,000
TOTAL LIABILITIES RM 59,194,000 _ , QR3 2023 - RM 62,501,000

7. QR1 2024 results - Revenue RM 31,417,000 _ , QR3 2023 - RM 33,505,000
- Gross profit/(loss) RM 5,315,000 _ , QR3 2023 - (RM454,000)
- Net profit/(Net loss) RM 4,142,000 _ , QR3 2023 - (RM852,000)


Note 1:

The Group’s revenue for the current financial quarter ended 31 December 2023 has increased by RM0.75 million or 2.46% to approximately RM31.42 million as compared to approximately RM30.66 million in the preceding year corresponding quarter ended 31 December 2022.

The higher revenue was mainly attributed to the higher sales volume from Malaysia.

The Group registered a profit before tax of approximately RM5.32 million for the current financial quarter ended 31 December 2023 as compared to profit before tax of approximately RM3.42 million for the preceding year corresponding quarter ended 31 December 2022.

The higher profit before tax was mainly attributed to the higher revenue generated and strengthening of United States Dollar (“USD”) against the RM whereby a majority of the group’s revenue sales are denominated in USD.

Note 2:

For the current financial quarter ended 31 December 2023, the Group’s revenue has decreased by RM2.09 million or 6.23% to approximately RM31.42 million as compared to approximately RM33.51 million in the preceding financial quarter ended 30 September 2023. The lower revenue was mainly due to lower sales volume from North and South America.

Despite decrease in revenue, the Group registered a profit before tax of approximately RM5.32 million for the current financial quarter ended 31 December 2023 as compared to a loss before tax of approximately RM0.45 million for the preceding financial quarter ended 30 September 2023. The loss before tax was consequent upon the Company’s prudent decision to provide full allowance for the impairment loss on a trade receivable of approximately RM8.00 million.

Note 3: Prospects

Despite the challenging global economic outlook, the Board will regularly review the performance and progress of the Group’s operations and financial performance as well as introduce measures to minimise our operating costs.

The Board expects that the Group’s operations for the financial year ending 31 December 2024 to remain profitable amidst a challenging business environment.

Base on my BRIEF study on the QR2 2024 (The latesr QR) of Itronic:

(Note: A comparative figures from QR1 2024 included)

A: Sitting on negative reserve / accumulated loss of RM 7,735,583.

B: Not a cash rich company.

C. Total assets > Total liabilities, Total current assets > Total current liabilities, and has a small non-current liabilities only @RM 1,338,063 – Means still has a low indebtedness risk.

D. QoQ, Revenue drop and net loss widened.


THE FINDINGS:

1. NTA 5 sen _ , QR1 2024 - 6 sen.
2. NOSH 707.59 mil. _ , QR1 2024 - 707.59 mil.

3. EQUITY
Share Capital RM 43,472,963 _ , QR1 2024 - RM 43,472,963
Reserves / (accumulated losses) (RM 7,735,583) _ , QR1 2024 - (RM 4,375,432)
Shareholders' funds RM 35,737,380 _ , QR1 2024 - RM 39,097,531
Non-Controlling Interest RM 0 _ , QR1 2024 - RM 0
TOTAL EQUITY RM 35,737,380, _ , QR1 2024 - RM 39,097,531

4. Cash and Cash Equivalent:
Cash and bank balances RM 1,441,030 _ , QR1 2024 - RM 375,334

5. Assets:
Current Assets RM 73,506,067 _ , QR1 2024 - RM 76,048,004
Non-current Assets RM 15,301,611 _ , QR1 2024 - RM 15,183,252
TOTAL ASSETS RM 88,807,678 _ , QR1 2024 - RM 91,231,256

6. Liabilities:
Current Liabilities RM 51,924,835 _ , QR1 2024 - RM 50,795,662
Non-current liabilities RM 1,145,463 _ , QR1 2024 - RM 1,338,063
TOTAL LIABILITIES RM 53,070,298 _ , QR1 2024 - RM 52,133,725

7. QR1 2024 results - Revenue RM 6,962,162 _ , QR1 2024 - RM 30,219,482
- Gross profit / (loss) (RM 2,111,163) _ , QR1 2024 - RM 1,329,317
- Net profit/(Net loss) (RM 3,360,151) _ , QR1 2024 - (RM 499,212)

Note 1:

For current quarter and year-to-date ended 31 December 2023, the Group reported a revenue of RM6.96 million and RM37.18 million respectively. Out of the total revenue, 99.31% revenue was mainly contributed from Hong Kong subsidiary, which involved in the sales of watches, while Malaysia operation which is involved in electronics & system integration operation has contributed RM0.14 million for the current quarter and RM0.26 million for year-to-date ended 31 December 2023.

The Group's loss before tax stood at RM2.11 million in the current quarter and RM2.84 million for current year-to-date ended 31 December 2023 mainly due to higher operating expenses from accounting adjustment of unrealised loss of RM1.01 million on outstanding debts owing to creditors. In addition, finance cost of RM0.65 million from third parties borrowing has further increased loss impact to the Group

Note 2:

The Group registered lower revenue of RM6.96 million for the current quarter compared to RM30.22 million registered in the immediate preceding quarter ended 30 September 2023, a declined by 77%, due to lower sales from watches operation.

For the current quarter, higher net loss of RM2.11 million reported compared to RM0.73 million in the preceding quarter arises from lower sales performance from watches operation.

Note 3: Prospects

The Group expects performance for the financial year ending 30 June 2024 to be satisfactory in view of improved sales performance in its trading of watches business. The Group will continue to focus on upgrading and enhancing the e-commerce platform to ensure better user experience and engagement, in anticipation of the higher traffic from increase in the number of users visiting this platform.

The Group intends to penetrate into new markets, which is establising Halal Food & Beverage restaurant and Halal Convenience Stores in Hong Kong. The Board is in the opinion this business will generate positive cash flow for the Group and enhance shareholders's value.

@rogers3210. Let the market determines the future price of Aneka share price.

You're free to wait for your lowered price to enter.
Don't spill your beans here!!!! Its a bad smell from your ROTTEN HEART!!!!

blackmamba87

Tomorrow we can see the shares going up?
----------
Let the market determine it....
For me, at least the latest two quarterly reports showed the improved prospect of the company... in terms of revenue and profitability... Thanks to the contribution of their sale / trading of bulding materials section. TAYOR

Posted by roger3210 > ### days ago | Report Abuse

I sold 0.20-0.21 LOL
-------------------
JettLeong

Econ has stronger fundamental !? You can classify 3210's mindset as junk alrdy

-----------
This roger3210 is not a mentally junk.... He just a gila talak man in this counter and Danco counter..( https://klse.i3investor.com/web/cube/profile/roger3210 )

He is spamming this counter and promoting Econbhd, not just for his/her intention to promote Econbhad... His/her intention in naysaying Aneka is to dampen the price of Aneka.... down to his low entry price objectives....

He/She is AN OPPURTUNIST SPAMMER here....

So. Don't bother his/her spam..

ANEKA: Revenue, P&L, EPS and its POSITIVE TREND.

QR2 2023 Revenue RM42,976K PBT -RM4,177K NP –RM5,122K EPS -0.87sen QoQ ↓ 17% YoY ↑24%
QR3 2023 Revenue RM41,246K PBT -RM2,420K NP –RM3,708K EPS -0.63sen QoQ ↑28% YoY ↑53%
QR4 2023 Revenue RM51,515K PBT RM1,254K NP RM 588K EPS 0.09 sen QoQ ↑116% YoY ↑105%
QR1 2024 Revenue RM58,780K PBT RM1,530K NP RM 1,275K EPS 0.20sen QoQ ↑117% YoY ↑129%

Note:
1. From QR3 2023 – QR1 2024 (the latest QR), the revenue increased every quarter.
2. From QR3 2023 – QR1 2024 (the latest QR), the Loss before Tax was decreased or the Profit before Tax (PBT) was increased.
3. From QR3 2023 – QR1 2024 (the latest QR), the Net Loss was decreased or the Net Profit (NP) was increased.
4. From QR3 2023 – QR1 2024 (the latest QR), the Earning Per Share (EPS) was increased.
5. From QR3 2023 – QR1 2024 (the latest QR), the comparative figures Quarter on Quarter (QoQ) and Year on Year (YoY) showed the improvement (positively increased in percentages).

Base on my BRIEF study on QR1 2024 of ANEKA:

A: The company is improving its profitabilty.
B. Still sitting on accumulated profit
B: Project oderbook is sufficient for the continiuing operations and generating revenue for short term.


THE FINDING:

1. NTA 13.12 sen (up from 12.95 sen)
2. NOSH 133.80 mil.

3. EQUITY
Share capital RM143,032,000
Reorganisation reserve (RM76,342,000)
Exchange reserve RM53,000
Retained earnings RM18,878,000 – (Still sitting on accumulated profit)
Shareholders’ fund RM85,621,000
Non-controlling interests RM7,389,000
TOTAL EQUITY RM93,010,000

4. Cash and Cash Equivalent:
Cash and bank balances RM 13,015,000

5. Assets:
Non-current Assets RM 68,125,000
Current Assets RM 177,667,000
TOTAL ASSETS RM 245,792,000

6. Liabilities:
Current Liabilities RM 135,923,0000
Non-current liabilities RM 16,859,000
TOTAL LIABILITIES RM 152,782,000

7. Last QR result- Gross profit RM3,051,000
- Net profit RM 1,153,000

Note 1:
The Group generated a revenue of RM58.78 million in 1Q24, reflecting an increase of RM5.94 million in revenue as compared to its preceding year quarter ended 30 November 2022 (1Q23) which the Group previously registered a revenue of RM52.85 million. The Group’s had achieved a gross profit of RM3.05 million in 1Q24 as compared to a gross loss of RM0.95 million in 1Q23.
Other income for 1Q24 amounted to RM2.40 million, including gains on disposal of a machinery of RM2.20 million. The remaining other income comprised of interest income and rental of premises. Meanwhile, the Group incurred total administrative expenses of RM2.96 million.

Note 2:
The Group has recorded an increase in revenue of RM7.27 million from RM51.52 million in the immediate preceding quarter ended 31 August 2023 (4Q23) to RM58.78 million in 1Q24. The Group recorded a decrease in gross profit of RM4.60 million from RM7.65 million in 4Q23 to RM3.05 million in 1Q24. The Group’s profit before tax and profit after tax increased by RM0.28 million and RM1.03 million to RM1.53 million and RM1.39 million, respectively in 1Q24.

Note 3: Prospects

In the financial year ended 31 August 2023 (“FY2023”), the Group had secured a total project value of RM346.09 million. This achievement had strengthened the Group’s total order book which stood at RM253.59 million as at 30 November 2023.

With this level of order book on hand, the management is confident in the Group’s financial performance, committing to prioritise on the timely completion of these projects to achieve targeted margins.

Buat habis masa dan beras sahaja layan orang gila talak ni!!

@Peace99. Welcome.
Still can't see the change. BURSA already replied to me with a notification that they received my query/suggestion and will act with a SOP.

In the past, BURSA normally will give the results for their actions on the company...based on our query. Sometimes they will not notify us, but we can see the change on the company's report or information which is caused by our query or suggestion.

1. Already done....
PROPOSED ACQUISITION BY KANGER OF 980,000 ORDINARY SHARES OF SUNG
MASTER HOLDINGS SDN. BHD., REPRESENTING THE REMAINING 49.0% EQUITY INTEREST IN SUNG MASTER

2. The proposed acquisition of additional units of Antara Genting Condos.
On the way???

Set your own TP.. and TAYOR

The reality is, Roger3210, you are finished here... Get lost..
Apasal? Masih bising-bising di sini. Awak gila talak ke?

NOTABLE FINDINGS IN THE AR 2023

1. Our previous property investment being the Antara Genting Highlands is currently Under construction and is expected to be completed in 2025. As the property units are strategically located in the well-known leisure and tourism destination of Genting Highlands, we are optimistic about the futures prospects of these units which will generate further rental yields to the Group.

2. In FPE 2023, the Group recorded a total revenue of RM77.7 million. Our construction and project management as well as the trading of building materials segment delivered commendable progress and contributed the revenue of RM75.4 million to the Group, representing 97% of total revenue.
Meanwhile, the healthcare business segment recorded revenue of RM2.3 million.

3. The Group recorded a positive net operating cash flow of RM31.3 million during the financial period under review.

4. As part of our strategy to expand the construction segment, the Group has lined up several growth initiatives through organic and non-organic means with the long-term objective of increasing the financial performance of the construction business going forward.

5. The Group is continuously looking for suitable and viable acquisition opportunities in strategic locations to expand the property investment and management segment.

Confirmed... For sure roger3210 is a gila talak naysayer!!!

Posted by roger3210 > ### days ago | Report Abuse

I sold 0.20-0.21 LOL
--------
The reality is, Roger3210, you are finished... Get lost..
Apasal? Masih bising-bisng di sini. Awak gila talak ke?

@Roger3210... As a comparison:

ECONBHD's results of four quarters (for financial period ended 30/09/2023), ECONBHD recorded net losses of -14.04M - means also still on "Red" profitability and with a bigger figure recorded compared to Aneka's.

Furthermore, ECONBHD still on its losses for the last two QR, which are QR4 2023 and QR1 2024 compared to Aneka which was on recovery trend.

Got a chance....
Quarter Result on 31-Dec-2023[#2] QoQ - UP 859.15% YoY - UP 119.37%.

NEWBIES..BEWARE!!!! BPuri is on its way for share consolidation..

The operator probably is pulling the brake before consolidation, everybody who are at the top of condo will feel the HEAT...

In my experiences @Kanger, Trive and Nexgram, before consolidation, the price will drop a lot from the indicative price made in the proposal. BPuri lowest price 2.5 sen...)

He He He.. OKU_2020 oh OKU...
Be patience. The price is stabilising @5.5 sen - 6.5 sen..

Wait for them to goreng... Maybe causes by:

1. QR announcement on the end of this month, or
2. Company intention to set the price of shares for their proposed PP, or
3. Any other positive development...

Posted by roger3210 > 1 hour ago | Report Abuse

I sold 0.20-0.21 LOL
--------
You are finished... Get lost.. He He He

My comments:
Itronic tried to explore opportunities in the "halal" business related...
I think it's a good idea.. Should be good for a long run.
--------
The Board of Directors of ITRONIC (“Board”) wishes to announce that the Company had on 7 February 2024 acquired 30,000 ordinary shares in the capital of HGL for a cash consideration of HKD1.00 (“the Proposed Acquisition”).

RATIONALE FOR THE PROPOSED ACQUISITION
Malaysia’s Halal Certification is internationally renowned and recognized. ITRONIC as a
Malaysia based Company, is keen to expand Malaysia's Halal Food and Beverages across
Southeast Asia, starting with an initial focus on Hong Kong.

The Proposed Acquisition aims to facilitate ITRONIC in establishing Halal Food & Beverage Restaurants and Halal Convenience Stores in Hong Kong. The Proposed Acquisition is anticipated to yield mutual benefits for both Malaysia and Hong Kong, notably through the availability of select Malaysian Halal pastries and other Halal products within the Hong Kong market.

While goyang-goyang.... waiting for cloudy atmosphere @BURSA to settle down...
Also will monitor any action @Kanger before they start to make a move for PP exercises....
At that time... hope Kanger will show its "keras".... He He He

Good luck guys...

This one for ACE companies.... I think it's also applicable for main board companies...

Can refer 2.1 (d) here..

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.

Based on this criteria... Not because of defaulted loan or breach the minimum equity because of losses..

....
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

Already listed as a PN17 listed issuer...

The Board of Directors of Reneuco (“Board”) wishes to announce that the Company is an affected listed issuer under Practice Note 17 (“PN17 Company”) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. The Company has triggered the prescribed criteria pursuant to Paragraph 8.04 of the Main Market Listing Requirements and Paragraph 2.1(d) of Practice Note 17 of Bursa Malaysia Securities Berhad whereby the Company has become an affected listed issuer under PN17 on the basis that Paragraph 2.1(d) of the Practice Note 17 has been triggered in the Company’s unaudited consolidated financial statements for the period ended 30 September 2023 announced on 8 February 2024.

AR
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3420858

BAD NEWS ACTUALLY... I never expect..

PRACTICE NOTE 17 / GUIDANCE NOTE 3
FIRST ANNOUNCEMENT
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3420866

Woww. Sayangnya saya kekal dengan keputusan semalam tak jadi go in.. He He He

AR already out..

@OKU_2020. Buy Gen-tel and goyang-goyang, Mesti "keras" punya Kanger... He He He

Mana perga rr1688,harap masuk sini supaya lengkap eagle 77,mzm dan rr1688 hahaha
--------------
@mansaham1972... He He He. Gelak besar saya...
Bukan apa... geram tengok ada yang buat jangkaan - andaian tanpa ASAS yang sepatutnya dirujuk.
End of kacau-kacau dari saya di sini....
Maybe won't bother to buy in this counter.
Actually I don't know much about this counter.
Better stay put @ my familiar counters. Bye

Boleh dijadikan panduan... Berbanding hanya cakap kosong tanpa statistics... TAYOR
This one is the real reality (If they don't cheat on their reports).

Based on Reneuco Quarterly Report On The Consolidated Results For The Quarter And Periode Ended 30 September 2023

1. Equity attributable to owners of the parent

Share capital RM 172,699,000
+ Reserves RM 85,000
+ Retained earnings (RM 67,802,000)
= Total equity attributable to owners of the Company RM 104,982,000
- Non-controlling interests (RM 1,746,000)
= Total equity RM 103,236,000


2. Reneuco’s shareholder equity on consolidated basis of its share capital excluding treasury shares - CALCULATION

Based on 1, above:
Equity attributable to owners of the parent = Total equity = Shareholders equity = RM 103,236,000
Share capital = RM 172,699,000

Therefore:

Renueco’s shareholder equity on consolidated basis of its share capital excluding treasury shares
= (RM 103,236,000 ÷ RM 172,699,000) × 100 %

= 59.78 %

Be noted that one of the criteria for a listed company to be listed as GN3 issuer (also may applied to PN17 listed issuer???) is if their shareholders equity on consolidated basis of its share capital excluding treasury shares is equal to or less than 50%.

This one for ACE companies.... I think it's also applicable for main board companies...

TOLONG KENALPASTI adakah ia mungkin menepati keadaan Reneuco..

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.

@roger3210... You are opening your secret.. LOL

Gentel-man cares a lot... He He He

@roger3210.. Sell yours @18 sen or below.. Maybe some of us ready to pickup the shares @ that prices. TAYOR

@OKU_2020... Dah tak suka Gen-tel ke? Gen-tel sambil goyang-goyang mesti syok...

Haiya.... Petition after petition this company...... Patutlah syarikat terpaksa buat share consolidation???

Kalau tidak PN17 makin dekatlah ini company.. BEWARE from this type of company!!!

Already in a cleared position.... Waiting for incoming QR result at the end of this month...
Right time and at a right price,,,, Hope can reenter again...
A lot of thanks to Itronic counter for my BEST first entry and out with a great win.

@BE_GREEEEEEEEEEEEEEEDY.. Be patience.
My heart is still with Kanger. He He He

Kanger share price is stabilising... For me, fundamentally still @ status quo..
Will reenter back this counter at a right time with a right price.. (Based on my personal judgement). TAYOR

Buy gen-tel. OKU_2020 goyang-goyang sambil gen-tel... He He He

.....the trading of building materials segment delivered commendable progress and contributed the revenue of RM75.4 million to the Group, representing 97% of total revenue.
------------
Kanger no more focusing on consumer products and services....
Should reclasify it for - industrial products and services

Just now, emailed my recommendation to BURSA on this matter.

To: BURSA2U .... Sun, Feb 4 at 11:56 PM

2. Based on the reported data, it was shown that the current major business activities of Kanger is trading of building materials. I think to disclose a fair and true state of information relating to the company’s sectoral activities, Kanger’s sector should be reclasified under Industrial Products and Services sector.

KANGER’S GROUP CORPORATE STRUCTURE

KANGER INTERNATIONAL BERHAD
Incorporated in Malaysia
Investment Holding
<--------->
SUBSIDIARIES AND ITS BUSINESSES

1. KANGER VENTURES SDN. BHD. (100%) - (Incorporated in Malaysia)
(a) Trading of construction products and
construction works
(b) Property development and project
management.

2. KANGER GLOVE MANUFACTURING SDN. BHD. (100%) - (Incorporated in Malaysia)
(a) Glove Manufacturing

3. KANGER MEDICAL INTERNATIONAL SDN. BHD. (100%) - (Incorporated in Malaysia)
(a) Trading of medical and healthcare equipment,pharmaceutical medicinal, products and
Services

4. COMMONMASK SDN. BHD. (100%) - (Incorporated in Malaysia)
(b) Trading of medical disposable items

5. KIB GLOBAL RESOURCES SDN. BHD. (100%) - (Incorporated in Malaysia)
(a) Trading of construction products and construction works
(b) Property development and projectmanagement.

6. KANTARA SDN. BHD. (100%) - (Incorporated in Malaysia)
(a) Management of real estate on a fee or contract basis
(b) Wholesale of construction materials

7. SUNG MASTER HOLDINGS SDN. BHD. (51%) - (Incorporated in Malaysia)
(a) Trading on construction materials

Note: >>>>>>>>> No more a PRC company.. and its

PRINCIPAL PLACE OF BUSINESS/MANAGEMENT OFFICE
1 & 3, Jalan Alfa Impian 2
Taman Perindustrian Alfa Impian, 43000 Balakong
Selangor, Malaysia

@Konichiwa. To early. GM 26. 03. Actually AR will be produced at last near the GM date.

Tak bolehkah Aneka mau test 25 sen??? Apakah salah???