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2019-10-08 18:25 | Report Abuse
KUALA LUMPUR (Oct 8): PRG Holdings Bhd, which is mainly involved in the manufacturing of webbings, furniture components, other fabric items, as well as the property sector, is now venturing into the timber export business as a means to diversify its revenue stream amidst an economic slowdown.
The loss-making group said its financial performance has been volatile due to the decline in sales of its elastic textile and webbings products as well as the slowdown in the Malaysian property development and construction industries.
Today, the group secured its shareholders' approval to buy two teak tree plantation lands, measuring 364.79 hectares, worth RM89.2 million, located in Kelantan, from Alifya Forestry Sdn Bhd.
The first land parcel in Jajahan Gua Musang (PT 4921), measuring 137 hectares, is an agriculture land with a 50-year leasehold period expiring on June 21, 2053. While, the second land parcel in Jajahan Kecil Lojing (PT 12), measuring 227.79 hectares, also has a 50-year leasehold that will expire on Aug 7, 2066.
"The board is of the view that the proposed acquisition represents an opportunity for PRG group to expand its revenue and profitability through the harvesting and logging of the teak trees already planted within the lands," PRG director of corporate affairs Hannon Cheah told reporters after the group's extraordinary general meeting earlier.
The acquisition will be satisfied via a combination of RM59.2 million cash as well as the issuance of 40.3 million new shares at an issue price of 74.45 sen each amounting to RM30 million.
Cheah said PRG's unit PRG Agro Sdn Bhd has already received an offer from a local company to purchase timber harvested from the land.
"The estimated volume of timber on the lands is 150,000 cubic metres (based on raw log format) and it generates a potential value of RM180 million based on the value per cubic metre of RM1,200.00," he said.
Cheah added that the group is also looking into exporting harvested timber to China and India in the near future.
He said so far the group has obtained a Foreign Activity Permit to harvest the teak trees on one of the parcels of land, and will make a submission for a permit for the subsequent parcel in due course.
Prior to completing the harvesting of the teak trees, PRG Agro will evaluate market conditions and growth prospects before opting to either replant the lands with new teak trees or introduce new commercial crops, Cheah added.
At the midday break today, PRG shares added 0.52% or 0.5 sen to 96.5 sen for a market capitalisation of RM350.3 million.
2019-07-27 21:09 | Report Abuse
鼎昇720万沽产业公司
2019年7月27日
(吉隆坡26日讯)鼎昇集团(PRG,7168,主板消费股)以720万令吉,沽清联营产业公司Premier De Muara(PDMSB)私人有限公司的60%持股,予Liveintent私人有限公司。
该公司今日向交易所报备,独资子公司鼎昇产业私人有限公司(PRG Property Sdn Bhd)上周四(18日)接获Liveintent意向书,欲展开有条件献购,收购其在PDMSB所持有的15万股或60%股权。
文告指出,鼎昇集团、鼎昇产业及PDMSB已与Liveintent签署买卖合约;鼎昇产业将以720万令吉将PDMSB持股,脱售给Liveintent,预期可与在今年底完成。
专注可负担屋
“脱售PDMSB所得,将充作未来3年发展产业项目的营运资本。”
PDMSB余下40%持股,由产业发展公司Almaharta私人有限公司持有。
截至去年底,PDMSB已审计净资产为704万5307令吉,而720万令吉收购鼎昇集团持有的60%股权,等同溢价297万2816万或70.33%。
鼎昇集团指,基于销量下滑,加上本地产业发展业务停滞,导致公司今年来财务表现波动。
“董事部认为,脱售PDMSB有助公司专注其他产业发展项目,比如即将推出市场的可负担房屋Embayu项目。”
2019-05-30 21:26 | Report Abuse
Furniweb Holdings Limited ("Furniweb"), a 63.0% owned subsidiary of PRG Holdings Berhad listed on the GEM of The Stock Exchange of Hong Kong Limited ("HKEX"), had on 29 May 2019 submitted to The HKEX its Circular on major transaction in relation to the acquisition of the entire issued share capital of Meinaide Holdings Group Limited involving issue of consideration shares (“Circular on Proposed Acquisition”) together with the Notice of Extraordinary General Meeting (“EGM”). The EGM will be held on 19 June 2019 at 10.30 a.m..
A copy of the Notice of EGM and Circular on Proposed Acquisition of Furniweb can be downloaded from the website of the HKEX at http://www.hkexnews.h
2019-05-30 21:09 | Report Abuse
PRG HOLDINGS BERHAD ("PRG" OR THE "COMPANY") DISPOSAL OF 13,000,000 ORDINARY SHARES IN FURNIWEB HOLDINGS LIMITED ("FURNIWEB") ("FURNIWEB SHARES"), REPRESENTING 2.58% EQUITY INTEREST IN FURNIWEB FOR A TOTAL CASH CONSIDERATION OF HKD26,000,000 AT HKD2.00 PER FURNIWEB SHARE
2019-04-22 13:34 | Report Abuse
清晨入古寺,初日照高林。
曲径通幽处,禅房花木深。
山光悦鸟性,潭影空人心。
万籁此皆寂,惟闻钟磬音。
2019-04-19 15:40 | Report Abuse
Seb is moving to Rm 1 soon
2017-07-25 13:44 | Report Abuse
this counter can easily hit 0.90
Buy and wait
2017-06-01 10:47 | Report Abuse
1Q net profit 1.046 million (decreased 38.47%)
2017-06-01 10:47 | Report Abuse
Financial year end net profit 9.035 million (increased 108.76%)
2017-04-02 17:30 | Report Abuse
better move to another ..... good luck
2017-03-22 17:47 | Report Abuse
the miracle was born when no one was found
2017-02-03 11:41 | Report Abuse
Nine-month net profit 2.833 million (increased 21.74%)
2016-11-29 15:21 | Report Abuse
Nine-month net profit 6.936 million (increased 315.08%)
2016-09-30 12:38 | Report Abuse
Property firm PRG Holdings Bhd is proposing to list the company’s manufacturing business on the growth enterprise market (GEM) of the Stock Exchange of Hong Kong(HKEX).
The company said in a stock exchange filing that the actual details of the proposed listing have yet to be determined but the possibility exists that the manufacturing business will continue to remain as a subsidiary.
“The proposed listing will enable PRG to list its manufacturing business on the HKEX, a globally recognised stock exchange. This will in turn allow the company and its manufacturing business to have separate fund raising platforms in the debt and equity capital markets, which will increase financing flexibility for both groups,” said the company.
According to PRG, it would also facilitate a more efficient company structure by way of promoting a better segregation of business responsibilities and operations for the existing manufacturing, property and construction businesses.
This will enable the management of the company and its manufacturing business to efficiently allocate resources and focus on their respective businesses, thereby enhancing their decision-making process and responsiveness to market changes.
2016-04-11 19:34 | Report Abuse
Lua Choon Hann is PRG's group managing director
2016-02-04 17:51 | Report Abuse
all sleep .... boss on hold about 80%,,, mean no body trust ,,,, 吃自己...
2016-02-04 17:45 | Report Abuse
taukeh think different, investor and shareholders totally ......... siapa bodoh...
god bless
2015-12-02 18:50 | Report Abuse
沽清9.13%股权 杨肃安辞PRG执行董事职
财经新闻 财经 2015-12-02 12:03

杨肃安

(吉隆坡1日讯)拿督斯里杨肃安脱售PRG控股(PRG,7168,主板工业产品股)9.13%股权,随之卸下执行董事的职位。
根据文告,他脱售该公司2544万9000股,相等于9.13%,同时递上辞呈。
他曾是Encorp(ENCORP,6076,主板产业股)总执行长,在去年6月退休后,将股权脱售给联邦土地发展局(FELDA)的投资臂膀联邦土地发展局投资机构(FIC)。
PRG控股旗下有两大业务,即生产与经销用在家具、服饰、汽车、食品及药物的包装上的织带,另外一个业务为房地产与建筑。
2015-12-02 18:25 | Report Abuse
.楊蕭安辭ED賣控制股權PRG集團何去何從?
去年,這名會計師岀身企業賣掉一家上市公司,轉頭買另一家上市公司控制權,幷將公司改名,幷規劃多元化大藍圖,看似要大展鸿图。
不过他却在前天辞去在新公司的执行董事职位和脱售所有股权,在他告别後,这家公司前景如何呢?
2015-12-02 11:57 | Report Abuse
芙蓉机械工程早盘扬3.33%
By Surin Murugiah / theedgemarkets.com | December 2, 2015 : 10:17 AM MYT
(吉隆坡2日讯)随着券商推荐芙蓉机械工程(Seremban Engineering Bhd (SEB) ( Valuation: 0.90, Fundamental: 0.15))后,该股股价受激励,盘中走升3.33%。
截至上午9时30分,芙蓉机械工程起1.5仙,成交量为14万4400股。
丰隆投资银行研究在今日的研究报告中指出,指标显示芙蓉机械工程走升和出现锤子烛台(hammer candlestick)模式,此为“由下而上”(bottom-up)的初步迹象。
“若芙蓉机械工程突破47仙的决定性水平,该股股价料将攀高到50仙至55仙的区间。该股的风险回报率良好,为24.4%上涨至56仙,对11.1%下探至40仙的止损位。”
http://www.theedgemarkets.com/my ... =%E6%96%B0%E9%97%BB
2015-06-16 17:36 | Report Abuse
sure one day will up to above 12 cent
2015-02-17 14:43 | Report Abuse
股价是否已表现实质价值,目前的价位还否再往下掉,接下来的业绩盈利肯定已不理想,业绩增长利润将剥削。
各位 资深股友 可否贡献你的 高见。
2015-02-17 14:22 | Report Abuse
god bless , gas malaysia term of management the best all the world
2015-02-16 13:21 | Report Abuse
god bless up to $1 , haha
2015-02-16 13:03 | Report Abuse
patient and trust , sure one days give u a big angpow
2014-05-27 19:48 | Report Abuse
Donating is richness, buying is also richness!!!! hahaha!!!!
Stock: [PRG]: PRG HOLDINGS BERHAD
2019-10-09 12:25 | Report Abuse
山穷水尽疑无路,柳暗花明又一村”“
塞翁得马焉非福,宋子双盲岂是凶.