Posted by Sslee > 2021-07-10 11:29 | Report Abuse

Refer page 114: Trade Receivables
Included in trade receivables of the Group is an amount of RM 35,539,792 (2019: Nil) due from a former subsidiary company. The amount is unsecured and interest free.
Included in trade receivables of the Group is an amount of RM 5,329,038 (2019: RM 5,348,543) due from one (2019: one) receivable jointly controlled by Directors of a subsidiary company. The amount is unsecured and interest free.
Included in trade receivable of the Group is an amount of RM 12,730,481 (2019: RM 13,052,835) due from one (2019: one) receivable which is a non-controlling interest of certain subsidiary companies. The amount is unsecured and interest free.
Page 117: Included in other receivables of the Group are the following:
(ii) An amount of RM 39,669,110 (2019: Nil) due from a former related company. The amount is unsecured, interest free and repayable on demand

Can all these related companies receivable due considered as: These are trade receivables in respect of construction projects in the ordinary course of business, not loans that attracts interest.

49. BOD, please explain how to make sure these unsecured and interest free receivables due from a former related company, jointly controlled by Directors of a subsidiary company and non-controlling interest of certain subsidiary companies will not end up as impairment loss in the future?
- Adequate impairments are made, and appropriate measures are being taken.

Posted by Sslee > 2021-07-10 11:32 | Report Abuse

47. BOD, allowance for impairment of trade receivables and other receivable. Please provide the names of debtors, amounts owed, reasons for the debts and any specific action taken to recover the debts.
- Appropriate measures are being taken.
- The impairment includes advances to JIC, a former loss-making subsidiary which has been disposed at a gain.
- Bear in mind that in view of the current COVID-19 pandemic, it is prudent to expect impairments.

So what these answer actually mean?

Posted by Najib Zamry > 2021-07-10 13:05 | Report Abuse

Kudos to Mr Lee for the long and very details report. If the management can improve on corporate governance and transparency, I think it is worth to take a look at Jaks at this price. I will monitor for the next few quarter result to decide my investment decision since there are so many good stocks to buy now.

Posted by Sslee > 2021-07-10 14:25 | Report Abuse

The above published in JAKS website.
Corporate Governance. Shareholders meeting

Posted by supersaiyan3 > 2021-07-11 02:07 | Report Abuse

lol

Posted by supersaiyan3 > 2021-07-11 02:11 | Report Abuse

（不想這是場戲，相戀那樣完美）
談情如像遊戲，誰人曾被誰捨棄，現實裡愛也許疲累，幾番相戀仍是痛悲，只想某日再度回味。

贈你一曲！

Posted by investor1458 > 2021-07-11 08:51 | Report Abuse

Great job by Mr Lee for such an in-depth analysis to keep Jak management on its toe to improve corporate governance.

Posted by ks55 > 2021-07-11 09:28 | Report Abuse

After perusal Q&A above, I am of the opinion minority shareholders should sell their shares to Andy Ang.
Wait a minute, I don't think Andy would like to buy from you. He can get free shares under LTIP which he thinks he is rightfully earned.

What is LTIP? Really he can keep the shares without guilty consciousness?
A long-term incentive plan (LTIP) is a company policy that rewards employees for reaching specific goals that lead to increased shareholder value. In a typical LTIP, the employee, usually an executive, must fulfill various conditions or requirements.
Does he qualify?

Posted by Yu_and_Mee > 2021-07-11 10:12 | Report Abuse

Not my cup of coffee

Posted by AlsvinChangan > 2021-07-11 10:39 | Report Abuse

" Included in trade receivables of the Group is an amount of RM 35,539,792 (2019: Nil) due from a former subsidiary company. The amount is unsecured and interest free. "

Is the former subsidiary company is in a position to repay its debts? the former subsidiary company is financially distressed (e.g loss making and negative capital)

Request the BOD to proceed to wind up and Bankruptcy action agsaint the former subsidiary