Valgrovest The celeka fellow throwing again at 3sen. They can do so becoz they bought at 2.5sen. We have to wait for them to clear their holding first. In any event they are holding less than 5 %, obviously.
------------------------
Agree

The new substantial shareholders after RI and acquisition exercise:
1. Kuah almost 750 mil shares
2. Sung Master 769 mil shares.

@wistlebower99.

I suggest you to use your "kelapa/buluh" as your magic mirror to do an assessment on the current and future prospects of Kanger's project and dealings.

Haishh. What an ill intentions people and misleading spammer you are....

Be realized that Mr. Kuah is going to be substantial shareholder in Kanger. He is the Executive Director. What will happen to Kanger's businesses should be calculated by the substantial shareholder, because it will affect his worth by virtue of his shares value that he hold.

FOR NEWBIES.

Referring to wistlebower99…….. The pure but a poor spammer. The witch ghost that said every big NOSH companies will do consolidation exercises. Very Bad People...

whistlebower99. PLEASE DON'T EVER USE YOUR ILL INTENTION INFORMATION ANYMORE TO MISLEAD OTHERS !!!!

FOR NEWBIES.

Referring to wistlebower99…….. The pure but a poor spammer. The witch ghost that said every big NOSH companies will do consolidation exercises.

BEWARE ON THE NON ETHICAL AND ILL INTENTION PEOPLE.

Using wistlebower99's logic, all construction companies should be delisted from BURSA, as our investment in the said companies has so much risks concerning what has been told by him.

You showed us your ill intentions towards the company.

AS WE KNOW THAT KANGER HAS DIVERSIFIED INTO SEVERAL BUSINESSES. OTHER BUSINESSES SUCH AS MANUFACTURING BAMBOO PRODUCT, TRADING IN BUILDING MATERIAL AND HEALTHCARE SUPPLIER CAN GIVE PROMPT RETURNS TO THE COMPANY.

IT'S GOOD FOR KANGER TO BE MORE DIVERSIFIED AND BALANCING THE RISKS OF ITS BUSINESSES.

Sorry guys. Just a reminder.

I WANT TO SHARE WITH YOU MY SIMPLE THEORY:

But as I looked at certain companies before, after the company approved the RI and setup the issue price for RI, the share price firstly will drop.

But near the date of the RI to be executed, the price will be markup higher than the issue price of the RI.

These scenario surely not be absolutely will happen to Kanger, but it has high chance or probability to follow suit.

We have another 9 trading days left which are 2/9,3/9,6/9,7/9,8/9,9/9,10/9,13/9 and 14/9 before the last date to subscribe and pay for the right issue on 15/9.

There is enough time for the price to be cooked up. TAYOR

@wistlebower99. I have a suggestion to you.

ARE YOU KANGER'S PROXY WHO HAVE BEEN DUMPED BY THE COMPANY?

iF IT'S TRUE. I HAVE NO QUERY BECAUSE YOU'RE HAVING SO MUCH HATE FOR THE COMPANY AND IT'S DIRECTORS.

WHAT A JOKE......

@wistlebower99.

I suggest you to use your "kelapa/buluh" as your magic mirror to know and judge other people manner and intentions.Also to do an assessment on the project because Kanger don't have any good professional valuer to do the assessment.

Haishh. What an ill intentions people and misleading spammer you are....

Be realized that Mr. Kuah is going to be substantial shareholder in Kanger. He is the Executive Director. What will happen to Kanger's businesses should be calculated by the substantial shareholder, because it will affect his worth by virtue of his shares value that he hold.

@wistlebower99......Also note the following and don't complain of not seeing any returns for so many years
--------------

Even you're the contractor of the development projects, the investment in the project will not show profit at their earlier stages of construction. This types of investment should be treated as a long term investment. It's not like beli kacang putih, goreng dan jual untuk dapat untung. He He

BARE IN MIND, KANGER HAS DIVERSIFIED INTO SEVERAL BUSINESSES. OTHER BUSINESSES SUCH AS MANUFACTURING BAMBOO PRODUCT, TRADING IN BUILDING MATERIAL AND HEALTHCARE SUPPLIER CAN GIVE PROMPT RETURNS TO THE COMPANY.

THEREFORE, IT'S GOOD FOR KANGER TO BE MORE DIVERSIFIED.

@wistlebower99.
Is it RM20 mil only needed as you said earlier? It's very unethical, ill intentions and misleading.

...............

whistlebower99 You should ask Mr Kuah, why he decided to raise RM172 million if he needs only RM20 million for the acquisition. Of course more free money from shareholders will be good for him to spend lavishly.

How much was wasted on the glove business ? Too much cash will make the directors complacent. And greed will make the money flow out easily.
01/09/2021 5:11 PM

@wistlebower99.

Read this. Included in your posting but maybe you don't read it carefully.
...............

Under the Maximum Scenario, Kanger is expected to raise up to approximately RM171.72 million from the Proposed Rights Issue with Warrants and the Purchase Consideration SHALL BE FINANCE ENTIRELY VIA THE PROCEEDS to be raised from the PROPOSE RIGHT ISSUE with Warrants.

FOR NEWBIES

Regarding to wistlebower99.

Please visit and take a look @ Bornoil and Kanger threads.

This bad people gives so many misleading (untrue) information / query just to be a winner in arguments/comments.

Really non ethical and ill intention people.

FOR NEWBIES

Regarding to wistlebower99.

Please visit and take a look @ Bornoil and Kanger threads.

This bad people gives so many misleading (untrue) information / query just to be a winner in arguments/comments.

Really non ethical and ill intention people.

FOR NEWBIES

Regarding to wistlebower99.

Please visit and take a look @ Bornoil and Kanger threads.

This bad people gives so many misleading (untrue) information / query just to be a winner in arguments/comments.

Really non ethical and ill intention people.

FOR NEWBIES

Regarding to wistlebower99.

Please visit and take a look @ Bornoil and Kanger threads.

This bad people gives so many misleading (untrue) information / query just to be a winner in arguments/comments.

Really non ethical and ill intention people.

FOR NEWBIES

Regarding to wistlebower99.

Please visit and take a look @ Bornoil and Kanger threads.

This bad people gives so many misleading (untrue) information / query just to be a winner in arguments/comments.

Really non ethical and ill intention people.

FOR NEWBIES

Regarding to wistlebower99.

Please visit and take a look @ Bornoil and Kanger threads.

This bad people gives so many misleading (untrue) information / query just to be a winner in arguments/comments.

Really non ethical and ill intention people.

@Eastern686.

Please visit and take a look @ Bornoil and Kanger threads.

This bad people gives so many misleading (untrue) information / query just to be a winner in arguments/comments.

Really non ethical and ill intention people.

@mar2083.

We have another 9 trading days left which are 2/9,3/9,6/9,7/9,8/9,9/9,10/9,13/9 and 14/9 before the last date to subscribe and pay for the right issue on 15/9.

There is enough time for the price to be cooked up. TAYOR

FOR NEWBIES.

Referring to wistlebower99…….. The pure but a poor spammer. The witch ghost that said every big NOSH companies will do consolidation exercises. Very Bad People...

whistlebower99. PLEASE DON'T EVER USE YOUR ILL INTENTION INFORMATION ANYMORE TO MISLEAD OTHERS !!!!

FOR NEWBIES.

Referring to wistlebower99…….. The pure but a poor spammer. The witch ghost that said every big NOSH companies will do consolidation exercises. Very Bad People...

whistlebower99. PLEASE DON'T EVER USE YOUR ILL INTENTION INFORMATION ANYMORE TO MISLEAD OTHERS !!!!

FOR NEWBIES.

Referring to wistlebower99…….. The pure but a poor spammer. The witch ghost that said every big NOSH companies will do consolidation exercises. Very Bad People...

whistlebower99. PLEASE DON'T EVER USE YOUR ILL INTENTION INFORMATION ANYMORE TO MISLEAD OTHERS !!!!

FOR NEWBIES.

Referring to wistlebower99…….. The pure but a poor spammer. The witch ghost that said every big NOSH companies will do consolidation exercises. Very Bad People...

whistlebower99. PLEASE DON'T EVER USE YOUR ILL INTENTION INFORMATION ANYMORE TO MISLEAD OTHERS !!!!

FOR NEWBIES.

Referring to wistlebower99…….. The pure but a poor spammer. The witch ghost that said every big NOSH companies will do consolidation exercises. Very Bad People...

whistlebower99. PLEASE DON'T EVER USE YOUR ILL INTENTION INFORMATION ANYMORE TO MISLEAD OTHERS !!!!

FOR NEWBIES.

Referring to wistlebower99…….. The pure but a poor spammer. The witch ghost that said every big NOSH companies will do consolidation exercises. Very Bad People...

whistlebower99. PLEASE DON'T EVER USE YOUR ILL INTENTION INFORMATION ANYMORE TO MISLEAD OTHERS !!!!

FOR NEWBIES.

Referring to wistlebower99…….. The pure but a poor spammer. The witch ghost that said every big NOSH companies will do consolidation exercises. Very Bad People...

whistlebower99. PLEASE DON'T EVER USE YOUR ILL INTENTION INFORMATION ANYMORE TO MISLEAD OTHERS !!!!

FOR NEWBIES.

Referring to wistlebower99…….. The pure but a poor spammer. The witch ghost that said every big NOSH companies will do consolidation exercises. Very Bad People...

whistlebower99. PLEASE DON'T EVER USE YOUR ILL INTENTION INFORMATION ANYMORE TO MISLEAD OTHERS !!!!

@wistlebower99.

PLEASE READ THIS. DON'T EVER USE YOUR ILL INTENTION INFORMATION ANYMORE
TO MISLEAD OTHERS !!!!


A Conditional Sale and Purchase Agreement (SPA) between Kanger Ventures Sdn Bhd and Aset Kayamas Sdn Bhd, relating to the proposed acquisition of serviced apartments located @ Genting Highlands, Bentong, Pahang.

Progress of the agreement:


A. Based on an announcement at BURSA dated 24 February 2021.
The company announced the acquisition proposal by Kanger Ventures Sdn Bhd , a wholly-owned subsidiary of Kanger, of 126 units of proposed serviced apartments located on the 30th to 45th floors of Tower A, Antara @ Genting Highlands, Bentong, Pahang from the developer, namely Aset Kayamas Sdn Bhd for a total purchase consideration of RM142,870,000 to be satisfied entirely via cash.


B. Based on an announcement at BURSA dated 19 April 2021.
The company announced that the listing application pursuant to the Proposals has been submitted to Bursa Malaysia Securities Berhad on 19 April 2021.


C. Based on an announcement at BURSA dated 26 April 2021.
The company announced that the Board had on 26 April 2021 ("Price-Fixing Date") resolved to fix the issue price of the Rights Shares at RM0.06 per Rights Share ("Issue Price").


D. Based on an announcement at BURSA dated 2 June 2021.
The company announced that the Bursa Securities vide its letter dated 2 June 2021, resolved to approved the following:-
Admission to the Official List and listing and quotation of up to 2,861,936,149 Warrants B to be issued pursuant to the Proposed Rights Issue with Warrants;

Listing and quotation of up to 2,861,936,149 new Kanger Shares to be issued pursuant to the Proposed Rights Issue with Warrants;


Remarks:

This agreement in progress and awaiting for the completion of the proposed Right Issue (RI) with warrants exercises.

Source: https://klse.i3investor.com/blogs/mzm511/2021-06-07-story-h1566103030-The_Currents_Status_of_MOUs_and_Agreements_Relating_To_KANGER_0170.jsp

@wistlebower99. Aiya. Baru aku tahu banyak BO DOH LAH ini wistlebower99.

Mana awak dapat itu fakta perlukan RM20 mil saja sedangkan mahu raise RM172 mil.

Kalau dah bo doh tu tak payahlah sibuk-sibuk nak jadi spammer atau naysayer. Aiiiissshhh

@whistlebower99.

You should ask your "buluh/kelapa" to know everything about Kanger. Haiyahh

The pure but a poor spammer. The witch ghost that said every big NOSH companies will do consolidation exercises. Very Bad People... Ahhhh

@Hopefullness.

If today you have 100 lots of share, on 1/9 you share account will be added with 100 lots unit of OR. If you don't want to subscribe the RI, you can try to sell the OR from 1/9 up to 7/9.
After 7/9 you can't sell the OR anymore, but you can use the OR to covert it for RI shares.
If you don't sell or convert your OR for RI shares, after 15/9/2021 your OR become toilet papers.

If you want to subscribe the RI, you can't sell the OR. You can subscribe for 100 lots of shares by paying 6 sen for each OR, you will get one unit of RI share. The last date and time for payment for acceptance of the RI shares is on 15 Sep 2021 05:00 PM.

You can refer the incoming announcement/circular by Kanger to know how to subscribe the share.

NEVER CHECK. I THINK THE AMOUNT IS NOT YET USED.

LOGICS:
1. No further clarification about the project. Even in their latest QR report.
2. Kanger Glove WOULD spend RM70 million
3. The company need to apply for the relevant regulatory approvals for setting up the factory.
There are no further announcement about it.

whistlebower99 What happened to the glove business?
Invested 77mil, any positive update or just part of spending spree.
--------------

I THINK JUST EXPECTED TO SPEND. MAYBE ABBORTED EARLY
-----------------
A Head of Agreement between Kanger and Constellation Holdings Ltd, Dubai regarding the setting up of medical examination gloves manufacturing operations in Malaysia.

Progress of the agreement:


A. Based on an announcement at BURSA dated 11 August 2020.
- The company has received a formal Expression of Interest letter (“EOI”) dated 9 August 2020 from Constellation Holdings Limited, Dubai (“Constellation”) for collaboration in the setting up of medical examination gloves operations in Malaysia.

B. Based on an announcement at BURSA dated 14 August 2020.
- The company had, on 13 August 2020 entered into a heads of agreement with Constellation Holdings Limited.
- Kanger is setting up a glove manufacturing plant in Ijok, Selangor for about RM77 million.
Kanger has incorporated a wholly-owned subsidiary, Kanger Glove Manufacturing Sdn Bhd, which will acquire around five acres in Ijok for RM6.8 million.
- Kanger Glove would spend RM70 million to build the plant and install up to eight production lines to produce medical, surgical and/or nitrile glove.

C. Based on an announcement at BURSA dated 21 August 2020.

- The Company provided additional information pursuant to the queries by BURSA.
- The company need to apply for the relevant regulatory approvals for setting up the factory.


Remarks:

No further announcement or report on the progress of this medical examination gloves manufacturing operations can be retrieved by the writer yet by to date.

Reference: https://klse.i3investor.com/blogs/mzm511/2021-06-07-story-h1566103030-The_Currents_Status_of_MOUs_and_Agreements_Relating_To_KANGER_0170.jsp

No LU he he he. The NOSH is too big. But the price can be appreciated gradually. I hope.

A Glance At Positivities From The Kanger (0170) Annual Report 2021

https://klse.i3investor.com/blogs/httpsklsei3investorcomM/2021-08-31-story-h1570660224-A_Glance_At_Positivities_From_The_Kanger_0170_Annual_Report_2021.jsp

@wistlebower99 --- And mostly, the cash will be 'legally' flowed out of the company over time, by acquiring inflated-priced assets, penny stocks investment, etc

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

Do you have any Kanger shares???

Yes. As the pure naysayer, you have to act like this...

Just use you "buluh/buah kelapa" as your miracle mirror to guess what will happen to the cash collected from the RI and other fund raising exercises.

You can do what you did before, using those miracles to predict that "all the big NOSH company will be doing a consolidation exercises".

By the way:
Sung Master and Mr. Kuah will be the substantial shareholder. And all of those cash proposed to be collected is for their major plans of expansion.

@pang123. The 4QR 2021 EPS is 0.52 sen (individual qurter result). For 12 months result is 0.42 sen (FY 2021 result)

Please look at the 4QR 2020 report. At CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME, page 1.

Source: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3188999

@wistlebower99.
- Let Mr Kuah subscribe most of the RI to fund his projects, he will be more diligent to ensure success

----------------
If we have an opportunity to make profit, why not we also involve in the RI subscription?
01/09/2021 10:16 AM

@wistlebower99
By the way, do you know that the "other income" thing also earned from the investment done by the company before. Therefore, the profit earned for 3QR 2021 and FY 2021 are earned from the company operations and investment

Unusual Items
During the quarter under review, the Company had on 10 May 2021 announced that Borneo
Energy Sdn Bhd, its indirect wholly-owned subsidiary, had entered into a Sale and Purchase
Agreement with Gold Billion Global Limited (BVI Company No. 1759774), a wholly-owned
subsidiary of Verde Resources Inc., a Nevada USA corporation listed under OTCQB for the
disposal of Technology Assets and Intellectual Property Rights for a total consideration of USD5
million to be fully settled by way of allotment of shares in Verde Resources Inc. The shares in
Verde Resources Inc. had been reflected as an investment in quoted securities and fair value
through profit and loss accordingly in the quarter under review


The Group reported a profit before tax of RM35.41 million compared to a loss before tax of
RM3.61 million mainly due to the fair value gain on investment in quoted securities of RM26.46
million, reversal of impairment loss of RM18.63 million and disposal of business assets of
RM1.91 million

Mr. Kuah has experienced to spearheaded corporate exercises such as fund raising, diversification and share buy-back exercises for the company.
-------------

Do you think that Mr. Kuah will let Kanger fails in the incoming RI exercises??????


We have another 10 trading days which are 1/9,2/9,3/9,6/9,7/9,8/9,9/9,10/9,13/9 and 14/9 before the last date to subscribe and pay for the right issue on 15/9.

There is enough time for the price to be cooked up.

@Peace99. Yes. Maybe the master of fund raising, Mr Kuah just started to work. He He

--------------------
Mr. Kuah has experienced to spearheaded corporate exercises such as fund raising, diversification and share buy-back exercises for the company.

New substantial shareholders:
1. Kuah almost 750 mil shares
2. Sung Master 769 mil shares.

@OrlandoOilSemiconIoT

I hope it can be sustained.

My logic is, after the RI there will be a huge subscription of share exercises by Mr. Kuah amounted 713,157,273 new Kanger Shares at the subscription price of RM0.06 per share to partially finance the purchase consideration for the acquisition of 51% stake in Sung Master. Also, there will be an issuance of new shares amounted 769,513,179 new Kanger Shares to Sung Master.

The price should be sustained at least around 6 sen or more to facilitate the subscription and issuance of a big amount of shares.

Anyway. Still a hope and my prediction only. TAYOR

Read carefully my statement..... You will know what I believed....
And what is the true idea about my prediction, hope and plan.

@OrlandoOilSemiconIot.

I think before the last date of acceptance and payment for the RI. the price will be more than 6 sen.
On that condition, I will subscribe for the RI.

@OrlandoOilSemiconIoT.

Yes. You are perpetual pessimist. Indeed..

@OrlandoOilSemiconIot.

Mr. Kuah has experienced to spearheaded corporate exercises such as fund raising, diversification and share buy-back exercises for the company.
-------------

Do you think that Mr. Kuah will let Kanger fails in the incoming RI exercises??????


We have another 10 trading days which are 1/9,2/9,3/9,6/9,7/9,8/9,9/9,10/9,13/9 and 14/9 before the last date to subscribe and pay for the right issue on 15/9.

There is enough time for the price to be cooked up.

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

MZM2511 whistlebower99 Very successful fund raising exercise

Company directors proudly and happily collected RM56,329,275 from fund raising exercise.
30/08/2021 12:04 PM

@@ Look at this @ BCMall thread.
---------------------

If BCMall was successful in their RI exercise, therefore I think Kanger directors should have their own plans to make sure the Kanger's RI exercises also will be a success.

Apa-apa pun, TAYOR.

whistlebower99 Are you recommending a buy? What is is your TP?
---------------
I'm not qualified enough to do sell or buy recommendations. Just to share the true picture of the company.

I am holding a small amount of shares of Bornoil. I propose to add some and one of the reason is because of this 4QR 2021 development.