MZM2511

MZM2511 | Joined since 2020-07-26

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Stock

2021-10-11 12:27 | Report Abuse

OrlandoOilSemiconIoT Margin accounts do not accept warrant
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It's a logic. The big RI subscribers are dumping the WB. Is it possible.

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2021-10-11 12:15 | Report Abuse

They cash out profit in term of selling value of WB.

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2021-10-11 12:06 | Report Abuse

@JK22. I think the RI subscribers are selling WB.

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2021-10-09 21:50 | Report Abuse

✓ ” TracAPM Langkawi & National Travel Bubble Passenger Registration & Process Flow Management “

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2021-10-09 21:50 | Report Abuse

Empowering First Support at the Borders and Travel Bubble Gateways.

Coming to Malaysia? Get your SafeTravelPass Malaysia (STP) today and book for Covid-19 quarantine stations (hotels), SafeTrac home quarantine, transports, swab test and government fees facilitation before boarding.

STP is a component of Malaysia government system TracAPM, during the Pandemic, hand to hand for the Endemic, and post Pandemic.

Applications integrated using TracAPM for the facilitation of civil defence operations and civilians protections hand to hand with government applications such as contact tracing, and venue check-ins, as long as there is need of ground forces for handling of civilians.

Quarantine Process Management

” TracAPM Quarantine Process Management System (QPMS) transform manual processes to automated system in Malaysia borders & Airports “
” TracAPM Quarantine-Station Management System (QMS) and Transport Management System (TMS) registers all service providers under automated system for real-time quarantine monitoring “

Travel Bubble Management

APM’s ground force enabled systematic deployment of social, health, and multi-agencies synchronisation system for designated Travel Bubble destination for the purpose of social, industry and economy welfare.

What is SafeTrac Home Quarantine Management System

SafeTrac Home Quarantine Management System is integrated with GPS technology for real-time monitoring of Person Under Surveillance (PUS) who are required to undergo home quarantine.It consist and compatible with RFID e-Bracelet, Bluetooth and CTU which will trigger alert and notify authorities of any violation.

Source: https://tracapm.com/

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2021-10-09 21:19 | Report Abuse

Next week, Kanger, where to go....
I think the operator was still in play.
Before the RI, pushed down to the bottom.
Now, are they trying to push up the price?
I think, at least the price should consolidate around 5.5 sen - 6.5 sen this week.
Are they willing to test 7 sen? TAYOR.

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2021-10-09 20:52 | Report Abuse

I think both are the speculative counters.

To buy as midterm investment, has to look at their bottom price to enter.

TAYOR.

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2021-10-09 20:34 | Report Abuse

Some comparative data between BCMall and Tiger:

1. Current price: BCM RM0.05 Tiger RM0.04

2. NTA : BCM RM0.16 Tiger RM0.19

3. NOSH: BCM 1.56 bil Tiger 2.57 bil

4. Year range price: BCM RM0.045 - RM0.30 Tiger RM0.035 - RM0.16

5. EPS (sen) : BCM -0.24 Tiger: -0.09

6. Last QR Revenue: BCM RM14.8 mil Tiger: RM4.8 mil

7. Retained Earning: BCM RM31,772,000 Tiger: RM49,177,000 mil

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2021-10-08 20:42 | Report Abuse

Buy direct in market @ 3 sen. But from Victoria @ 5 sen. Maybe off market.

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2021-10-08 00:15 | Report Abuse

@27055825. Waiting for the right time to explode. Perhaps....

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2021-10-07 08:32 | Report Abuse

5. Number of ESOS Options offered to the Directors of the Company Nil

HOPE THE LAST TRANCE OF THE ESOS

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2021-10-06 18:46 | Report Abuse

@Patience99. Sincerely I'm not so keen to predict the TP for any counter.

But if we studied about it's past price (between 4.5 sen - 30.5 sen), its theoretically can be achieved.

For me, its not solely depend on the good QR result, but also depend on the prospect of the company and any good news to goreng.

I FEEL THE POSSIBILTY OF THE COMPANY'S BUSINESSES ALSO SHOULD BE STRENGTHENED BY DIVERSIFICATION INTO NEW BUSINESSES.

As we know that Kanger also can be classified as a GORENG kaunter......

SEMUA BERKEMUNGKINAN. TAYOR

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2021-10-06 18:18 | Report Abuse

ASYIK BERANAK SAHAJA. MACAM-MACAM JENIS ANAK KELUAR.

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2021-10-06 18:17 | Report Abuse

BORNEO OIL BERHAD ("BORNOIL" OR "THE COMPANY")
- OFFER AND GRANT OF OPTIONS UNDER EMPLOYEES' SHARE OPTION SCHEME ("ESOS") OF BORNOIL


2. Exercise price of the ESOS Options offered RM0.023
3. Number of ESOS Options offered 67,000,000

WHAT THE .... IS BORNOIL. VERY FRUSTRATED

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3198728

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2021-10-06 11:32 | Report Abuse

whistlebower99 You not selling, then who are silly to sell at this price after subscribing for rights at 6?
...............

Bare in mind that there are so many investors who don't subscribe the RI but wiling to do trading on the shares..... If the substantial shareholders selling their shares, the have to make the announcement at BURSA.

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2021-10-06 11:19 | Report Abuse

whistlebower99 Did you sell at this price? Did any of your friends sell at this price?
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Noop. Overall still at small loss. Had a dreamed that the price should pushed higher.

Will sell above 10 sen. He He

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2021-10-06 11:10 | Report Abuse

@wistlebower99.

What happened to your posts..... Its happened related to number 2 I think. He he

Is it for good or for the bad for NEWBIES....

Refer: https://klse.i3investor.com/servlets/cube/post/whistlebower99.jsp

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2021-10-06 11:06 | Report Abuse

@wistlebower99.

MY ACCUSATION ON YOU:

1. Infact, I suspect you have an ulterior motive.

2. Your analysis on certain companies looked bias, untrue and misleading. It's not fair to the company and its current shareholders.

3. I'm afraid if you're one of the spammers who could gain much by spamming certain counter and speculating on the counter for your own sake.

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2021-10-06 11:01 | Report Abuse

The 28 Sept post by wistlebower99.

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Stock: [KANGER]: KANGER INTERNATIONAL BHD

Sep 28, 2021 10:04 AM | Report Abuse

Rights Issue operator would still be happy to unload mom at 5 and warrant at 1 to release their funds used for the rights excess subscription, indirectly increasing the percentage of rights subscription by retailers.

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2021-10-05 18:41 | Report Abuse

@charlie Chia.

Share spread among the retail investor, if the share spread is wider means more shares owned by so many retail investors = not good, but if the share spread is smaller means less shares owned by fewer retail investors = better.

The company with a big percentage of shareholding by directors and insiders makes the share spread among the retail investors getting smaller. Its easier for the company share to goreng.

Also, theoritically, the company with a big percentage of shareholding by directors and insiders also makes the company less risks on doing consolidation.

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2021-10-05 18:24 | Report Abuse

Number of Shares Held = NOSH = Jumlah saham dalam syarikat.

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2021-10-05 18:18 | Report Abuse

whistlebower99 Do you believe in existence of shadow director who are more powerful than the appointed directors
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Yes. I do believe. There will be someone or a group from outside the company, who don't have any shares in the company, but keep giving the directors an F grading of their performance in managing the company.

And one of the people I'm referring to is you...

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2021-10-05 18:13 | Report Abuse

The emergence of three substantial shareholders of Kanger:

1. Sii Tung Nai (The party from Sung Master) 559,339,038 unit of shares (9.355 % shareholding)

2. Kuah Choon Ching - BOD of Kanger 819,513,179 unit of shares (13.707 % shareholding)

3. Miss Chai Woon Yun - The Daughter of Tan Sri Chai Kin Kong 416,700,000 unit of shares (9.26 % shareholding)

I JUST WANT TO TAKE SOME POSITIVE NOTES ON THIS BIG PERCENTAGE OF SHAREHOLDING BY SUBSTANTIAL SHARE HOLDERS IN KANGER.

1. All those three substantial shareholders already took up 1,795,552,215 units of shares or 32.32 % of shareholding in Kanger.

2. Even the NOSH has been lifted up to 4,496,141,761, the share spread among retail investors was not getting widen.

3. The big shareholding among a few substantial investors give me more confidence on the company management and prospect.

4. Consider Sii Tung Nai (from Sung Master) as a substantial holder in Kanger. His reputation on managing Sung Master, an unlisted company with good results (as reported). Hope Kanger can get some good direction in managing the company for a better businesses.

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2021-10-05 12:42 | Report Abuse

@zzzzzzz. Sabar saja. Kalau nak CL rugi banyak. Sabar. Simpan dulu.

Saya pun sama, masih hold. Untung sabut timbul, untung batu tenggelam. Tapi banyak orang dah tenggelam pun.

Bagi saya jangka masa pendek, Nexgram tak akan jadi bangkrap atau kena GN3.
Fasal conso, pandangan saya selagi BOD Hj Mazru sanggup pegang jumlah saham yang besar dan tak jual, conso mungkin tidak akan dilakukan oleh beliau. Tak kan beliau mau rugi...

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2021-10-05 11:58 | Report Abuse

@wistlebower99. I never involved with the said counters. The Fintec counter that I had involved before are Kgroup, Trive, MTouche and BCMall-WA (newly bought in).

Opted out already for the three of it. Two counters I CL and a counter opted out with a small profit, but BCMall-WA still holding.

For me, even from the same group of Fintec, maybe certain counter also has a prospect and can be differentiated. I think, not all of the Fintec group of companies are thrash companies.

TAYOR.

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2021-10-05 11:37 | Report Abuse

@zzzzzzz. Jangan mati dulu. Tunggu dulu sehingga ada masanya kaunter ini jadi helang dan terbang tinggi ke awan.

Pada masa itu, mungkin ada orang yang 'MATI' kerana terkejut. He He


Sekarang, awak staylah dulu di sini sebagai "penjaga kubur Nexgram".

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2021-10-05 11:30 | Report Abuse

whistlebower99 Do you believe in existence of shadow director who are more powerful than the appointed directors
-------------
Yes. I do believe. There will be someone or a group from outside the company, who don't have any shares in the company, but keep giving the directors an F grading of their performance in managing the company.

And one of the people I'm referring to is you...

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2021-10-05 11:12 | Report Abuse

@wistlebower99. Please read this to curse on you. He He


Is it logic for them to opt for consolidation exercise in Kanger, as Mr Kuah holds 13.707% of shares in the company???

Do you think Mr Kuah is as fool as you, the spammer without any share in this counter????
Instead, you keep spamming until you get into OR GA SM.....

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2021-10-04 20:59 | Report Abuse

@Charlie Chia. As for wistlebower99. Please read this to curse on him. He He
------------

Is it logic for them to opt for consolidation exercise in Kanger, as Mr Kuah holds 13.707% of shares in the company???

Do you think Mr Kuah is as fool as you, the spammer without any share in this counter????
Instead, you keep spamming until you get into OR GA SM.....

FURTHERMORE....The emergence of three substantial shareholders of Kanger:

1. Sii Tung Nai (The party from Sung Master) 559,339,038 unit of shares (9.355 % shareholding)

2. Kuah Choon Ching - BOD of Kanger 819,513,179 unit of shares (13.707 % shareholding)

3. Miss Chai Woon Yun - The Daughter of Tan Sri Chai Kin Kong 416,700,000 unit of shares (9.26 % shareholding)

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2021-10-04 13:07 | Report Abuse

JK22 what happened to hayat vax. Ada or tarak also much update la

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Can't get any progress info. How about other members?

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2021-10-04 13:04 | Report Abuse

..... " This vaccine is also manufactured by G42 Healthcare (Hayat-Vax)."

Means G42 Healthcare (Hayat-Vax) vaccine is a vaccine produced under Sinopharm (Beijing) authority. Its should be treated as the same Covid-19 vaccine (Sinopharm (Beijing): BBIBP-CorV (Vero Cells) which has been approved by WHO and Malaysia.

Please refer: https://covid19.trackvaccines.org/vaccines/5/ (Please browse carefully and you can read the above statement )

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2021-10-03 23:51 | Report Abuse

Peace99 ...... And anyone know how much Kanger paid for the two properties.

--------------

Based on Kanger latest balance sheet. The value stated should include the cost of the two properties. I think it should be included in one of these two items given:

1. Property, plant and equipment RM81,300,000

2. Investment properties RM190,760,000

But as noted, the assessed value of the two properties is RM190.8 milion, THEREFORE I THINK ITS SHOULD BE REFERED TO INVESTMENT PROPERTIES ITEM WHICH REPORTED VALUE IS @ RM190,760,000

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2021-10-02 19:51 | Report Abuse

@zzzzzzz. Awak mungkin member dalam group sana atau suka intai group sana.
Apa-apa pun terima kasih sajalah.

Jangan awak tinggal kubur Nexgram di sini, nanti ada hantu pocong keluar dari kubur Nexgram ini dan ganggu orang ramai. He He He

zzzzzzz. Betul

Untuk Nexgram, dalam laporan prospek perniagaan tahun semasa seperti dilaporkan di dalam 4QR 2021, fokus prospek perniagaan terdiri daripada TracAPM-SafeTravelPass, Covid-19 test kit dan logistic.
Kurang fokus (penekanan prospek) kepada ICT, sudah tidak nyatakan berkenaan peralatan kesihatan berasaskan plastic (sebab Arita sudah jual) dan saya tak nampak sentuh fasal subkontrak.

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2021-10-02 15:06 | Report Abuse

Another progress report on Healthcare and Logistic businesses in the 4QR 2021 report:

.... Over all group investment in healthcare continues to progress well with government project TracAPM and SafeTravelPass pandemic and endemic travellers entry-registration, payment and process management of Quarantine-Stations, home quarantines and government services contributing positively in current financial year.

....... COVID-19 tests partnership with government is looking at positive return in coming quarter after much capital investment, in view of taking part of mass screening assignment engaged with government health facilities during endemic economic and border openings.

....... Government project capital investment continue to weight on current quarter which is normal for concession early investment and The Group continue to invest further in line with government direction to push for economic and social recovery.
........ The healthcare segment had experienced lower margin and recent success in contracts shall expect to contribute to bottom line in coming quarters.

......... On the other bright side, the logistic segment saw the growing demand of port services post pandemic. The Group expect the coming quarters shall expect the recovery of business activities especially import and export segment related to port activities

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2021-10-02 15:00 | Report Abuse

The progress report on TracAPM in the 4QR 2021 report:
..... On 24 March 2021, the Prime Minister Tan Sri Dato’ Haji Muhyiddin bin Haji Muhammad Yassin launched the TracAPM Digital System which solved the digitalisation of APM forces on-the-ground in handling the pandemic quarantine station, transportation, screening test and emergency response as well as handling of corpse due to Covid-19.

..... The system successfully solved the multi-agencies manual processes under one unified platform in the Kuala Lumpur International Airport (KLIA) since February 2021 for all travellers entering Malaysia, all kinds of quarantine tracking including hotel, government facilities and home quarantines.

...... The system further being implemented as pilot project in Sarawak for all International borders entries, as well as all domestic travel bubble entry points for Island of Langkawi, in KLIA, KLIA2, Subang, Ipoh, Johor and Sarawak airports, as well as Kuala Perlis Ferry Terminal, Kuala Kedah Ferry Terminal and other entry points in support of national endemic programs.

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2021-10-02 14:59 | Report Abuse

Ada sikit on EV. Dalam laporan 4QR 2021: B2. Current Year's Prospect

..... The Management views that year 2021 will continue to be a challenging but promising year due to the current economic and pandemic issues taken part in Malaysia.

----- The Group will continue to venture in existing government systems for pandemic and endemic management, inter-agencies platforms, payment solutions and applications, as well as medical related services such as medical devices distributions, bio science research and development, medicine and healthcare product franchises, on top of existing ICT segment involves in the trading and distribution of security and video surveillance equipment, logistics division involves in the provision of handling, stock piling, receiving and loading of dry bulk cargo services at Kuantan Port, Kemaman Port, Johor Port and Batu Pahat jetty, and long-term research and development of ELECTRIC VEHICLE solutions in preparation for next economic recovery cycle.

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2021-10-01 14:07 | Report Abuse

REVISITING THE TIME WHEN NEXGRAM HAD TRIGGERED MUGC IN 2019 AND LISTED IN GN3 LISTED ISSUER (BUT GIVEN A YEAR RELIEF).

1. The cause of the GN3 listed issuer for Nexgram among others was because of its shareholder equity on consolidated basis of its share capital excluding treasury shares was below 50%.

2. After year 2019, NO MORE MUGC HAD BEEN GIVEN to Nexgram.

3. The company shareholder equity on consolidated basis of its share capital excluding treasury shares kept higher than 50% . Based on 4QR 2021, its 134.64 %. THANKS TO THE CAPITAL REDUCTION EXERCISES THAT HAD BEEN DONE.. .


SOURCE: Based on an announcement at BURSA:
.......The Board of Directors of Nexgram wishes to announce that the Company has triggered the prescribed criteria pursuant to Rule 8.04 and Paragraph 2.1(g) of Guidance Note 3 ("GN3") of the ACE Market Listing Requirements of Bursa ("ACE LR"), the Auditors had highlighted a material uncertainty related to going concern (“MUGC”) for the financial year ended 31 July 2019 and Nexgram’s shareholders' equity on a consolidated basis is 50% or less of its share capital (excluding treasury shares) based on the unaudited fourth quarter results ended 31 July 2020.

...... Bursa had via its letter dated 16 April 2020 granted affected listed issuers relief from complying with the obligations under Rule 8.04 and GN3 of the ACE LR ("GN3 Relief Measures") from 17 April 2020 to 30 June 2021 ("Relief Period"). 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;

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2021-10-01 14:06 | Report Abuse

4QR on 3QR, shareholder equity on consolidated basis of its share capital excluding treasury shares increased from 56.47% in the last 3QR 2021 report to 134.64%

@@Remarks: GN3 risk ----- Lowered.

THANKS TO THE CAPITAL CAPITAL REDUCTION EXERCISE DONE BY NEXGRAM.

-----------------------

CALCULATION FOR 4QR 2021:

Nexgram's shareholder equity on consolidated basis of its share capital excluding treasury shares
= ( RM121,482,625 ÷ 90,225,510 ) x 100%

= 134. 64 %

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2021-10-01 14:04 | Report Abuse

@wistlebower99. This is my comment on you in Telegram group. WHAT SAY YOU??

Cuba ikuti semua komen dia. 95 peratus bagi saya sekadar mahu bagi info yang dijangka memberi pressure kepada harga saham kaunter yang dia komen. Sangat jarang berbentuk positif.

Bagi saya, beliau kemungkinan besar seorang yang profesional dari segi kerjanya, kemungkinan digaji atau wakil dari kumpulan tertentu dalam pelaburan. Liputan kaunter yang dia kacau memang banyak, dan full time pulak tu.

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2021-10-01 14:04 | Report Abuse

whistlebower99 ..... Ask Mr Kuah to propose shares consolidation 15:1 then your day dream come true very fast.
-----------------

Is it logic for them to opt for consolidation exercise in Kanger, as Mr Kuah holds 13.707% of shares in the company???

Do you think Mr Kuah is as fool as you, the spammer without any share in this counter????
Instead, you keep spamming until you get into OR GA SM.....

.... The emergence of two substantial shareholders of Kanger:

1. Sii Tung Nai (The party from Sung Master) 559,339,038 unit of shares (9.355 % shareholding)

2. Kuah Choon Ching - BOD of Kanger 819,513,179 unit of shares (13.707 % shareholding)

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2021-10-01 11:26 | Report Abuse

@zzzzzzz. Semua dah habis.

Prospek awak untuk dapat kerja jaga kubur Nexgram amat cerah.

Tahniah Bro. Kerja awak sudah terjamin. He He

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2021-10-01 10:04 | Report Abuse

@zzzzzzz. Awak sudah lari lama kan????
Apa susah. Saya masih nak pegang, risiko saya tanggung.

Nak dengar jawapan dari penjaga kubur Nexgram.
Nanti hantu Nexgram bangun dari kubur dan meloncat-loncat.
Mungkin awak pada masa itu akan pengsan terkejut.....

MUNGKIN MASIH ADA PELUANG UNTUK HANTU NEXGRAM BANGUN DARI TIDURNYA
YANG PANJANG. HE HE

AWAS!!!!! AWAK PENJAGA KUBUR NEXGRAM KENA BERJAGA-JAGA.

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2021-10-01 09:58 | Report Abuse

@zzzzzzz. Kalau saya beli tambah pun, adakah perlu report dekat penjaga kubur Nexgram?
Ini dah jadi peraturan baru BURSA ye? He He

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2021-09-30 23:38 | Report Abuse

The emergence of two substantial shareholders of Kanger:

1. Sii Tung Nai (The party from Sung Master) 559,339,038 unit of shares (9.355 % shareholding)

2. Kuah Choon Ching - BOD of Kanger 819,513,179 unit of shares (13.707 % shareholding)

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2021-09-30 15:54 | Report Abuse

whistlebower99. Betul. Fitnah dosa besar. Tetapi saya sudah jelas dengan pandangan saya. Saya memang sudah 100% pasti dengan kenyataan saya. Baca betul-betul tuduhan saya terhadap awak. Ayat demi ayat....

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2021-09-30 15:20 | Report Abuse

JK22.

----How much will be the gain?
No definite sum as its still in negotiation and not mention in the report.

We can get these numbers only:

-------- the assessed value of the total properties of this purchase is RMB295,400,000 (equivalent to RM190.8 million).

------- the final purchase price must be determined based on the market value of commercial land in the same area, which is currently estimated to be RMB400 million (equivalent to RM258.9 million).

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2021-09-30 15:19 | Report Abuse

BUT BASED ON THE REPORT, NOT SURE WHETHER IT WILL BE INCLUDED THE HOTEL OR NOT. BASED ON THIS REPORT NOT INCLUDED THE HOTEL, I THINK....

Scope of Purchase

The Properties to be purchased by Party A from Party B shall include:

a) Office building and car showroom B at No. 148, Jinling West Road, Ganzhou Economic and Technological Development Zone, Ganzhou City, Jiangxi Province, and Buildings A and E of the car showrooms located at the north side of Jinling West Road, Ganzhou Economic and Technological Development Zone;

b) The land use rights of the office building and car showroom B at No. 148, Jinling West Road, Ganzhou Economic and Technological Development Zone, Ganzhou City, Jiangxi Province, and the land use rights of Buildings A and E of the car showrooms located at the north side of Jinling West Road, Ganzhou Economic and Technological Development Zone; and

c) All supporting facilities and equipment erected on the above land.


Source: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3196769

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2021-09-30 14:37 | Report Abuse

@wistlebower99. This is my comment on you in Telegram group. WHAT SAY YOU??

Cuba ikuti semua komen dia. 95 peratus bagi saya sekadar mahu bagi info yang dijangka memberi pressure kepada harga saham kaunter yang dia komen. Sangat jarang berbentuk positif.

Bagi saya, beliau kemungkinan besar seorang yang profesional dari segi kerjanya, kemungkinan digaji atau wakil dari kumpulan tertentu dalam pelaburan. Liputan kaunter yang dia kacau memang banyak, dan full time pulak tu.

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2021-09-30 14:32 | Report Abuse

Kanger to sell buildings, land in China for RM258.9mil

Kuah said as it pivoted into the construction business segment, the disposal of the properties was timely as it enlarged Kanger's war chest to fund the expansion of its construction division.

"The proceeds raised will be used as working capital for our existing seven construction projects totalling RM1.0 billion in orderbook.

"Furthermore, with a stronger balance sheet, we would be able to take on larger scale construction projects, thus enhancing our competitive advantage when tendering for new projects," he said.

Kuah said Kanger was eyeing to become a formidable construction player by leveraging on its business network and proactively participating in construction tenders.

"We believe the ongoing transformation journey will augur well for the company and increase our shareholders' value in the coming years.

"In the near term, we expect a healthy recovery in our financial performance stemming from the resumption and recovery of economic activities," he added.

The two commercial buildings comprise a 19-storey hotel and a purpose-built six-storey, one stop "AutoCity" at Ganzhou Economic and Technological Development Zone.


https://www.msn.com/en-my/money/topstories/kanger-to-sell-buildings-land-in-china-for-rm258-9mil/ar-AAOYFdo

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2021-09-30 14:28 | Report Abuse

The Board of Directors (“Board”) of Kanger (“Company”) wishes to announce that Ganzhou Kanger Industrial Co. Ltd. (“Ganzhou”) (“Party B”), a wholly-owned indirect subsidiary of the Group had on 29 September 2021 received a letter of intent (“LOI”) from Huizhou ZhongNeng Construction Ecological Resources Technology Co., Ltd. (“Huizhou”) (“Party A”) (collectively referred to as “Parties”) for disposal of properties which include two commercial buildings and land located in Ganzhou City, China (“Properties”) for approximately China Renminbi RMB400.0 million (equivalent to RM258.9 million).

-------- the assessed value of the total properties of this purchase is RMB295,400,000 (equivalent to RM190.8 million).
------- the final purchase price must be determined based on the market value of commercial land in the same area, which is currently estimated to be RMB400 million.

RATIONALE

Upon the disposal of the Properties, Kanger Group will be able to realise significant capital gains and to provide cash flow which will be channeled towards the Group's construction business for working capital purposes.