@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.

@whistlebower99.

1. Unusual item - @ Note A5 on page 11.

2. The Group reported a profit before tax of RM35.41 ... - @ Note B2 on page 17.

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

You are not so keen to read the financial statements and its notes fully.

@whistlebower99.
I have posted it @ my earlier posting in this thread.

YOU HAVE TO READ IT, IF NOT THE NOTES GIVEN IN 4QR 2021 IS JUST LIKE A THRASH.

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

MZM2511 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
30/08/2021 7:32 PM


MZM2511 @todak_ensem

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
30/08/2021 7:34 PM

BilisMasin My comment

All is just on paper. The fact is, RM 0.045
----------------

We are facing future, not yesterday. You can have your own stand. I also have mine.
As investing is full of risks. I am prepared to fail because relying on the said RI theory.

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

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.

-----------------------------
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.

AFTER ALL. TAYOR.

@wistlebower99.
The fact is the naysayer forever be naysayer. He He

Just look at the announcement: Red it carefully.

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


Or if you hesitate to read it, just use you "buluh/buah kelapa" as your miracle mirror to guess what happen to the P&L account of Bornoil.

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

--------------
I'm an accountancy graduate. I can surely explain to your question about "how the accounting works". But, I can read your intention here!!!!! Just say it directly....

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.

@MrWinMoney.

It's not merely the quarterly result as it's the 4QR 2021 result.

The FY 2021 result is a positive number. Net profit around RM 28 mil for financial year 2021.

3. THE EMERGENCE OF MR KUAH CHOON CHING AS A MEMBER OF THE BOD ON 24 AUGUST 2020 AND HIS FUTURE PLAN TO BE A SUBSTANTIAL SHAREHOLDERS OF THE COMPANY

 Mr. Kuah is an experienced businessman and entrepreneur with a proven track record in the diverse sectors of consumer products, property development, and manufacturing for various packaging industries. He has experienced to spearheaded corporate exercises such as fund raising, diversification and share buy-back exercises for the company. He is very well versed in various industries, such as manufacturing and printing for the glove making, medical, electrical and electronics, automotive industries and more.
 Currently, Mr. Kuah owned 25 million units of shares, equivalent to 0.89% shareholding of the company shares, the biggest share holder amongst the member of the Board of Director of the company.
 Mr. Kuah entered into a subscription agreement for a subscription of 769.51 million 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. After this subscription of shares exercise, Mr. Kuah will become a substantial shareholder of Kanger.

MY COMMENTS:
a) Mr. Kuah as the Executive Chairman of the BOD has used his experiences in the company to plan some corporate exercises such as diversification and fund raising exercises for the company. The company has decided to place stronger emphasis on expanding our new business segments which are involved in construction and property investment and management. Several fund raising exercises has been planned which are involved ESOS, private placement and right issue of shares in order to fund several plans of diversification exercises.

b) As there is no substantial shareholders in the company as at 30 July 2021, the percentage of shareholdings among director and insiders is small. This condition is not so good for the company as the share holding spread in the company is too wide. Mr. Kuah will become a substantial shareholder of Kanger and will generate more positivity to the company in terms of reducing share holding spread, strengthening his BOD power in the company and uplifting his concern, ownership and integrity while managing the company.

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

Kanger (0170) has released the company’s Annual Report 2021. I am glad to share some positivities related to the current and future progress of the company based on my glance at the annual report. I will not take note on the balance sheets aspects in this article. The Annual Report 2021 can be retrieved @
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3189156


Some of the positive notes are as follows:

1. NEW ENGINES OF GROWTH FOR BAMBOO AND RELATED PRODUCTS
 In the fourth quarter of 2020, the construction of the company new bamboo concession and processing plant in Jingzhou was completed. Although the plant is still in the early phases of testing and commissioning, the company is looking forward to the positive financial contribution it will bring to the Group once commercial production commences.
 The expansion in Jingzhou will allow the Group to focus not only on manufacturing of bamboo products but also processing of bamboo related foodstuff and bamboo eco-tourism in the near future.

MY COMMENT:
a) The company has stated the promising progress has been made in the relocation of our new bamboo and processing plant. The company still keen on the potentials of its bamboo and related products business to be turn around especially after the new processing plant in Jinzhou started to operate.

2. CORPORATE MILESTONES OF THE COMPANY IN 2021

 Diversified into new construction business aimed at deriving synergy with the property investment and management segment. Acquired 51% stake in building materials supplier, Sung Master Holdings Sdn Bhd for RM94.8 million. Acquired 126 units of service apartments at Antara @ Genting Highlands for RM142.87 million.

 One of the new subsidiaries, Kanger Medical International Sdn Bhd is making inroads into the healthcare industry by sourcing for face masks and Covid-19 vaccines.

MY COMMENTS:
a) These "corporate" statements give us the SIGN that the BOD and the company has tried to do some efforts for the betterment of the company in future.
b) The company are diversifying and also entering business activities in Malaysia, instead of solely relied on the PRC business activities. Some of the progress of diversification can be read below:
 Currently, the Group is working together with a few parties to complete multiple construction projects across a few sites in the state of Selangor and Pahang to the tune of approximately RM1.0 billion. The Group is also in the midst of applying for the Grade 7 contractor license from the Construction Industry Development Board (“CIDB”) and aims to tender for new construction projects to further grow our construction orderbook.
 The Group will be purchasing a 51% stake in building materials supplier, Sung Master Holdings Sdn. Bhd. The acquisition will broaden the Group’s product offerings to also include other building materials such as timber, flooring, tiles, bulk cement, concrete, locksets and sanitary ware. This strategic acquisition is well-aligned to strengthen and complement the Group’s newly established construction business as Kanger will be able to source the building materials directly from Sung Master’s suppliers to better manage the input cost and enhance the profitability of these construction projects.
 The Group had also purchased 126 service apartment units at Antara @ Genting Highlands on an enbloc basis. Expected to be completed in 2024. The company believes that the rental income or capital gains arising from these property units will contribute positively to the company.

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 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.

yaalor. We are the shareholders of Kanger. Do they the naysyers have any shares?

We as the investors are taking the risks and pray for the profit that we could earn.

By the way, still in the mode to test the theory of RI.

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.

@striahijau.
------- asyik ulang dah submit, soalnya bilakah tarikh submit kepda NPRA dibuat?
---------------

Soalan ini awak boleh tanya wistlebower99. Dia memang nujum yang hebat. LEBIH HEBAT DARI NUJUM BULUH/KELAPA DIA NI.

Dia tahu, semua kaunter yang NOSH besar akan buat consolidation!!!!!. He He

In the near term, KIB targets to also commence the distribution of other healthcare-related products to expand the revenue streams under its new healthcare business.

The company has recently entered into a binding and conditional heads of agreement (HoA) with a UAE-based company to import and distribute the Hayat-Vax Covid-19 vaccines.

The Hayat-Vax vaccine is essentially the same Sinopharm Covid-19 vaccine, manufactured in UAE.

KIB has submitted the necessary applications to obtain the required approvals from the National Pharmaceutical Regulatory Agency (NPRA) for the Hayat-Vax vaccine to be used in Malaysia.


https://www.nst.com.my/business/2021/08/722649/kanger-ventures-manufacturing-sales-surgical-face-masks

Share capital 618,968, 000
Reserves 61,803,000
Retained earnings 86,720,000

@todak_ensem

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

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

Wowww.

The prospectus for the RI.

https://www.bursamalaysia.com/market_information/equities_prices?keyword=Kanger&top_stock=top_active&board=&alphabetical=&sector=&sub_sector=

@alex.

Why so afraid of a company with billions shares?

Look at Hong Seng, it NOSH is 2.457 bil but its price is @RM1.81.
For MY E.G, its NOSH will be 8 bil + after Bonus issue. Currently, MY E.G NOSH is 3.772 bil but its share price is @RM1.89.

Therefore, the most important aspects to be look at Kanger should be the company's ability to improve its businesses, profitability and FA conditions.

If the company has a bright prospects because of exercising plans of businesses by uplifting the NOSH via right issue of shares, I think it's a good move done by the company.

Furthermore, please do not compare certain company with different management and different problem with ALMOST ALL the companies in FINTEC group...

GUYS, SORRY FOR KEEP RE POSTING THIS:

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

I WANT TO TEST MY SIMPLE THEORY OF THE RI EXERCISES ON KANGER:

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.


And:


I'm keep waiting for a good announcement from Kanger, BEFORE THE EX-DATE FOR THE RIGHT OR AT LEAST BEFORE THE ACCEPTANCE AND PAYMENT DATE FOR THE RIGHT ISSUE.

If there is any, its can be a catalyst for the price to be pushed up. The current price later should be push up to the higher level to make sure that the RI will be a success.

Take a note that the issue price for the RI share is @ 6 sen per share.>>>>>>>>>>>>>>>>>


AFTER ALL. TAYOR