To:bursa2u@bursamalaysia.com
Sat, 1 Oct at 12:45 pm
Dear Sir,
QUERY ABOUT THE POSSIBILITY FOR EMERGENCE OF DIRECT OR INDIRECT INTEREST RELATED TO THE PROPOSED ACQUISITION OF WINGS BY NEXGRAM (0096)

As a current Nexgram’s 0096WB holder, I want to refer to BURSA my suspicion about the possibility for emergence of direct or indirect interest related to the proposed acquisition of the entire equity interest in Wings By Croske Resort Langkawi Sdn Bhd (“Wings”) for a total purchase consideration of RM90.0 million (“Purchase Price” or “Purchase Consideration”) to be satisfied via the issuance of 1,000,000 redeemable convertible preference shares (“RCPS”) at an issue price of RM90.00 per RCPS in MAGSB to the Vendors (“Proposed Acquisition”) which was announced at BURSA on 29 September 2022 @ https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3296398


2. Based on the 29 September 2022 announcement :

(a) The Purchase Consideration of Wings will be satisfied entirely via issuance of RCPS in MAGSB at an issue price of RM90.00 per RCPS in proportion to the percentage of Sale Shares to be sold by the respective Vendors which are Vendor A (Croske Hotels Sdn Bhd (CHSB)) and Vendor 2 (Flyboys Club Sdn Bhd (FCSB)).

(b) Wings is a private limited company incorporated in Malaysia on 25 February 2022 under the Companies Act 2016 (“Act”). Wings is a subsidiary of Croske Hotels Sdn Bhd (CHSB).

The directors of Wings are Dato’ Ramlan Merican Bin Naina Merican and Tey Por Yoong.

(c) Croske Hotels Sdn Bhd (CHSB) is a private limited company incorporated in Malaysia on 22 February 2022 under the Act. The principal activity of CHSB is investment holding. As at the LDP, CHSB has a share capital of RM1,000 comprising 1000 ordinary shares.

The director of CHSB is Tey Por Yoong and CHSB is a wholly-owned subsidiary of Croske Holdings Ltd.

(d) Flyboys Club Sdn Bhd (FCSB) is a private limited company incorporated in Malaysia on 22 February 2022 under the Act. The principal activity of FCSB is investment holding. As at the LDP, FCSB has a share capital of RM100.00 comprising 100 ordinary shares.

The directors and shareholders of FCSB are Dato’ Ramlan Merican Bin Naina Merican who holds 51 shares of FCSB or 51% shareholding percentage and Tey Por Yoong.

The shareholders of FCSB are Dato’ Ramlan Merican Bin Naina Merican who holds 51 shares of FCSB or 51% shareholding percentage and Tey Por Yoong who holds 49 shares of FCSB or 49% share holding percentage.

RM90 mil.... Currently, Nexgram market capital only RM44.17mil..

Who is Hj Mazru????? and who is Tey Por Yong???

At the end, I'm more concern about if Hj Mazru is only the proxy for Tey Brothers.... IT'S NOT A CLAIM (BECAUSE NO ABSOLUTE EVIDENCE)... ITS JUST POP OUT IN MY DREAM (BASED ON THE PAST AND LATEST MANAGEMENT DECISIONS BY NEXGRAM'S BODs HEADED BY HJ MAZRU).....

Finally, it's a bad dream for us too, I THINK...

On behalf of the Board of Directors of Nexgram (“Directors”) (“Board”), Malacca Securities Sdn Bhd (“Malacca Securities”) wishes to announce that on 29 September 2022, Medic Asset Group Sdn Bhd (“MAGSB” or “Purchaser”), a wholly-owned sub-subsidiary of the Company had entered into a conditional share sale agreement (“CSSA”) with Croske Hotels Sdn Bhd (“CHSB” or “Vendor 1”) and Flyboys Club Sdn Bhd (“FCSB” or “Vendor 2”) (collectively referred to as the “Vendors”) for the proposed acquisition of the entire equity interest in Wings By Croske Resort Langkawi Sdn Bhd (“Wings”) for a total purchase consideration of RM90.0 million (“Purchase Price” or “Purchase Consideration”) to be satisfied via the issuance of 1,000,000 redeemable convertible preference shares (“RCPS”) at an issue price of RM90.00 per RCPS in MAGSB to the Vendors (“Proposed Acquisition”).



Please refer to the attachment for further details.



This announcement is dated 29 September 2022

I think absolutely the claim about this STOCK KILLER wistlebower99 is true.....
The evidences are always shown in his written spams.... He He He

As claimed 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.

@BilisMasin
.........
Sudah terima hakikat, awak memang sudah lama cut loss..
Sekarang masih sibuk untuk lampiaskan dendam lama anda...

Juga terima hakikat... Selagi belum cut loss..
Takkan nak biarkan sahaja pihak STOCK KILLER dan BilisMasin mempengaruhi pemegang saham sedia ada untuk cut loss.....

Selagi tak jual, maksudnya harapan akan terus disandarkan kepada kaunter ini. He He

I think absolutely the claim about this STOCK KILLER wistlebower99 is true.....
The evidences are always shown in his written spams.... He He He

As claimed 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.

8dragon
Every qtr report loses, this will definitely catch SC attention and triggered GN3 criteria....

8dragon
Syt dgn nilai sahamnya 0.005 sen memangnya telah layak dipindah ke GN3 sementara menunggu utk dikeluarkan dari senarai papan ACE....

OKU_2020
Cap Ayam Nexgram to RIP { Rest In Peace } very soon !!
like it OR NOT
Pergghhh,,,

---------
Bagus ke tak bagus ke, saya lately tak pernah kata Nexgram bagus....
Saya sekadar menjawab tuduhan tak berasas 8dragon dan OKU_2020 dari segi going concern Nexgram dan GN3 issue melibatkan Nexgram dalam masa terdekat.

BAGI SAYA, SEMUA SPAM AWAK DAN OKU_2020 SEKADAR 'a fraudster spam".
He He He

@8dragon .....
Cakap saja tanpa pengetahuan yang betul dan tanpa bukti tak guna.....
It's a typical characteristic of the fraudster spammers. He He

@BILLC....Just read the claim posted below. Any untrue info from the claim???
Please.. note it if there is any...

ANYWAY, As claimed 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.

Wow... Fantastic this STOCK KILLER...
Thanks for a piece of real information..

But as a reminder,

ANYWAY, As claimed 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.

Yes.... Help the current stockholder as he/she is the STOCK KILLER... He He

ANYWAY, As claimed 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.

@8dragon and OKU_2020.....
Cakap saja tanpa pengetahuan yang betul dan tanpa bukti tak guna.....
It's a typical characteristic of the fraudster spammers. He He

But based on Nexgram QR3 2022:

Equity attributable to owners of the parent:
Share capital 105,029,253
+ Reserves 4,844,390
- Accumulated losses (8,956,473)
= Shareholders' funds 100,917,170 (share holders equity)


Therefore:

Nexgram's shareholder equity on consolidated basis of its share capital excluding treasury shares
= (RM100,917,170 ÷ 105,029,253) x 100%
= 96.08 %
Be noted that one of the criteria for a listed company to be listed as GN3 issuer is if their shareholders equity on consolidated basis of its share capital excluding treasury shares is equal to or less than 25%. (condition a).

Additional info:
Its total assets at 148,719,198 exceeds it total liabilities at 41,844,051.
Its total current assets at 60,772,780 exceeds it total non-current liabilities at 10,149,755

Please refer to its QR3 2022 quarterly reports: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3272692

The other critical aspect is whether there is a 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.

The most critical aspect is whether the losses depleting its shareholders’ equity up to certain percentage, which not allowed.

*dragon. Every qtr loses is not in the list of the criterias for GN3 listed issuer....

Please read this....

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.

Cakap saja tanpa bukti tak guna..... It's a typical characteristic of the fraudster spammers. He He

Wow... Fantastic this STOCK KILLER...
Thanks for a piece of real information..

But as a reminder,

ANYWAY, As claimed 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.

Wow... Fantastic this STOCK KILLER...
Thanks for a piece of real information..

But as a reminder,

ANYWAY, As claimed 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.

....... Based on the re-assessment, the Board of Directors of Nexgram wish to announce that the Company no longer trigger any of the GN3 Criteria and hence no longer requires the GN3 Relief with immediate effect.

This Announcement is dated 27 April 2022.

Please refer: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3254456

AND:

https://www.bursamalaysia.com/bm/trade/trading_resources/listing_directory/pn17_and_gn13_companies

MAG Holdings aims to be top three aquaculture player in Malaysia

Meanwhile, MAG posted a net profit of RM17.52 million in the full FY22, on the back of a revenue of RM135.44 million.

No comparative financial information was available for the preceding year's corresponding period as the company changed its financial year end to June 30 from December 31.

It said the net profit recorded for the 12 months was mainly due to its aquaculture and food processing business contribution.

However, the company slipped into a net loss of RM2.39 million in the fourth quarter (Q4) despite recording revenue of RM60.49 million.

REMINDER..

ANYWAY, As claimed 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.

@BilisMasin. A complete TOIDI....

We can analyze the QR1 2023.

1. Some improvement in their revenue and profitability aspects...
- Revenue increased by RM11 million or more than 100% in the current financial quarter ended 30 June 2022 (“Q1 2023”) as compared to the corresponding quarter ended 30 June 2021 (“Q1 2022”) which mainly due to recovery from Covid-19 on construction, property development and renovation business segments as all businesses were allowed to fully operate. The increase was mainly derived from the newly acquired subsidiary, Sung Master Holdings Sdn. Bhd. which operates in the construction industry with trading of building materials as its main business.
-- The gross profit recorded in Q1 2023 increased by 97% as compare to gross profit recorded in Q1 2022 was mainly due to profit generated from newly acquired subsidiary which the profit margin recorded higher.

2. No more big losses because no more big administrative expenses incurred from disposal of the subsidiaries in China in FYE 2022 such as from the non-recurring expenses such as impairment loss on inventories and impairment loss on trade and other receivables.

Cops confirm sedition probe against Zahid over Umno speech ....
Is this the sign that PM started to retaliate???

Okay. You are toidi... Moga ada balasan untuk orang yang berhati busuk..
Hidup tak akan pernah tenteram... Amin

8dragon

Most investors have considered this counter is dead, occasionally come to pay tribute only...
---------

Yes... Its another rubbish misleading fact by you. Its not your true intention as seen by me...
Die or not for a spesific listed company is not depend on the misleading info by spammer / naysayer.... In near future, Nexgram is fundamentally strong enough to be a going concern business entity.. Even not a GN3 listed issuer yet.... He He He

I'm more concern about the "indicative" issue price per placement share as noted in the proposal. YES, THE REAL ISSUE PRICE CAN BE HIGHER THAN THE PROPOSED / INDICATIVE PRICE in the condition the management of the company plan and actualize it later before the company want to execute the Placement Share. BUT.... if the management of the company just want to stick at the proposed issue price for execution of the PP, the chance to "goreng" the price higher will be limited.

The indicative issue price per Placement Share is assumed to be RM0.035 (“Indicative Placement Issue Price”), which represents a discount of approximately 3.58% to the 5D-VWAMP of Bina Puri Shares up to and including LPD of RM0.0363 per Share;

@8dragon. I admit it. It's true.

But I think it's not a free ticket for you to talk another rubbish, unfactual and untrue imigination about the company status ..... For example about its status related to GN3... Its totally a scam info said by you... TAYOR

It was the intention of the Company to complete the Proposed Private Placement prior to the implementation of the Proposed Rights Issue with Warrants. As such, the Proposed Rights Issue with Warrants was conditional upon completion of the Proposed Private Placement.

1QR 2023 will be announced soon at the end of this month.

Based on the last 4QR report.

Individual Quarter report.

Revenue increased significantly by RM98.0 million or more than 100% in the current financial quarter ended 31 March 2022 (“Q42022”) as compared to the corresponding quarter ended 31 March 2021 (“Q5 2021”) mainly due to:-

(a) additional source of revenue from construction business segments amounting to RM90.8 million; (Note: As an evidence that the construction work is a new main source of revenue for Kanger).

(b) additional source of revenue from selling of building materials amounting to RM7.4 million; and (Note: this is a contribution from the Sung Master aquisition by Kanger).

(c) additional source of revenue from selling of medical and health care products of RM0.9 million. (Note: Revenue from the sales of heath care products such as face mask)

Also be noted that the revenue from the bamboo related goods in PRC = 0.

The gross profit recorded in Q4 2022 increased by more than 100% as compared to gross loss recorded in Q5 2021 mainly due to absent of higher discount given previously to the customers to clear some old stocks in Q5 2021.

The PP will not be subscribed unless the share price is more than the issue price @RM0.079 per placement share.

The business activity of the firm is functioned through Information Technology Services (ICT), Property Investment, and Logistics segments.

Based on the last 4QR report.

Individual Quarter report.

Revenue increased significantly by RM98.0 million or more than 100% in the current financial quarter ended 31 March 2022 (“Q42022”) as compared to the corresponding quarter ended 31 March 2021 (“Q5 2021”) mainly due to:-

(a) additional source of revenue from construction business segments amounting to RM90.8 million; (Note: As an evidence that the construction work is a new main source of revenue for Kanger).

(b) additional source of revenue from selling of building materials amounting to RM7.4 million; and (Note: this is a contribution from the Sung Master aquisition by Kanger).

(c) additional source of revenue from selling of medical and health care products of RM0.9 million. (Note: Revenue from the sales of heath care products such as face mask)

Also be noted that the revenue from the bamboo related goods in PRC = 0.

The gross profit recorded in Q4 2022 increased by more than 100% as compared to gross loss recorded in Q5 2021 mainly due to absent of higher discount given previously to the customers to clear some old stocks in Q5 2021.

@8dragon... Please cool down your ego... Is this a fact?? .....""confirm GN3""

Just a piece of education for you...

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.

Equity attributable to owners of the parent:
Share capital 105,029,253
+ Reserves 4,844,390
- Accumulated losses (8,956,473)
= Shareholders' funds 100,917,170 (share holders equity)


Therefore:

Nexgram's shareholder equity on consolidated basis of its share capital excluding treasury shares
= (RM100,917,170 ÷ 105,029,253) x 100%
= 96.08 %
Be noted that one of the criteria for a listed company to be listed as GN3 issuer is if their shareholders equity on consolidated basis of its share capital excluding treasury shares is equal to or less than 25%. (condition a).

Additional info:
It total assets at 148,719,198 exceeds it total liabilities at 41,844,051.
It total current assets at 60,772,780 exceeds it total non-current liabilities at 10,149,755

Please refer to its last quarterly reports.

8dragon
Yesssss...., confirm GN3 and ready to be delisted.

8dragon
Please don't deny reality,time will tell......
-------------
Your reality is not based on the fact. Its in your imigination only.
The fact is, ...

....... Based on the re-assessment, the Board of Directors of Nexgram wish to announce that the Company no longer trigger any of the GN3 Criteria and hence no longer requires the GN3 Relief with immediate effect.

This Announcement is dated 27 April 2022.

Please refer: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3254456

@wistlebower99... It's your main theory in spamming almost all your targeted counters......

I don't have any idea and no insider infor....

No .... 8dragon the pure spammer with ability to give untrue info without any financial analysis capabilities. A true blue hearted misleading spammer. He Heo

Yessss. Confirm no more GN3 at least in the near future..
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3254456

If it continue uptrend.... The incoming QR1 2023 I think should be better... TAYOR

Bukan senang kaunter yang sudah dikencingkan oleh awak and the gang untuk kembali dapat kepercayaan. Itu pun dah cukup kuat...

Berdikit-dikitlah ia mula naik upward jika ia memang sudah cukup lama bertahan pada tahap lowest (saya kira) @ 4-4.5 sen.

Apesal...
Tak ada gut nak ambil peluang ambil untung aktiviti swing ke...
Orang lain dapat duit, awak dapat hambur api kemarahan sahaja. He He He

Ish Ish Ish. Pendendam betul punya orang.

@8dragon. Just for eduction..

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.

@8dragon...

Equity attributable to owners of the parent:
Share capital 105,029,253
+ Reserves 4,844,390
- Accumulated losses (8,956,473)
= Shareholders' funds 100,917,170 (share holders equity)


Therefore:

Nexgram's shareholder equity on consolidated basis of its share capital excluding treasury shares
= (RM100,917,170 ÷ 105,029,253) x 100%
= 96.08 %
Be noted that one of the criteria for a listed company to be listed as GN3 issuer is if their shareholders equity on consolidated basis of its share capital excluding treasury shares is equal to or less than 25%. (condition a).

Additional info:
It total assets at 148,719,198 exceeds it total liabilities at 41,844,051.
It total current assets at 60,772,780 exceeds it total non-current liabilities at 10,149,755

Please refer to its last quarterly reports.

Bankruptcy is a process a business goes through in federal court. It is designed to help your business eliminate or repay its debt under the guidance and protection of the bankruptcy court. Business bankruptcies are usually described as either liquidations or reorganizations depending on the type of bankruptcy you take.

@rr1688. For me it's okay.
Just to get an opinion, especially from the other sides... He He

cirit birit.. He He

BilisMasin
...Confirm record losses
----
Okay. Thank you.