================= Directors smart in raising fund from shareholders via shares consolidation & rights issue and shares issuance to ESOS, PP But not so smart in making money from main business
================ Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
This country still allows companies like this to scam people for money. China-based companies cooperate with locals who are really good at scamming. Bravo country.
Our country is famous of company that build invisible product . Lombo is one of it - their product mostly invisible . The best part it can make share holder money invisible as well.
OTHERS LAMBO GROUP BERHAD ("LAMBO" OR THE "COMPANY") - Clarification on the Article Relating to the China's Finance Ministry Imposes Its First Cross-Border Administrative Penalty to the Auditors of Fujian Accsoft Technology Development, an indirect wholly owned Subsidiary Company of LAMBO LAMBO GROUP BERHAD
Type Announcement Subject OTHERS Description LAMBO GROUP BERHAD ("LAMBO" OR THE "COMPANY") - Clarification on the Article Relating to the China's Finance Ministry Imposes Its First Cross-Border Administrative Penalty to the Auditors of Fujian Accsoft Technology Development, an indirect wholly owned Subsidiary Company of LAMBO Reference is made to the article appearing in sinchew.com.my website on Wednesday, 13 July 2022 relating to the China’s Finance Ministry Imposes Its First Cross-Border Administrative Penalty to the Auditors of Fujian Accsoft Technology Development (“Fujian Accsoft”), an indirect wholly owned subsidiary company of LAMBO.
The Board of Directors of Lambo wishes to clarify that the Company was only made aware of the said article by Bursa Malaysia Securities Berhad on 17 August 2022. At this juncture, the Company is not aware of any wrongdoing in connection to Fujian Accsoft. Nevertheless, the Company will verify the contents of the article and to take necessary action, if any.
At this juncture, the Company reserves all comments and shall make the necessary announcement(s) as appropriate when there are further developments to this matter.
This announcement is dated 18 August 2022.
Announcement Info Company Name LAMBO GROUP BERHAD Stock Name LAMBO Date Announced 18 Aug 2022 Category General Announcement for PLC Reference Number GA1-18082022-00054
============= Take note of previous corporate exercises, Many retail shareholders incurred huge losses to shares consolidations and rights issue subscription
1. Share Consolidation on 26 July 2021 CONSOLIDATION OF EVERY 25 EXISTING ORDINARY SHARES IN LAMBO GROUP BERHAD HELD AT 5.00 P.M. ON 26 JULY 2021 INTO 1 LAMBO SHARE
2. Rights Issue on 12 August 2021 RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,207,787,815 NEW ORDINARY SHARES IN LAMBO GROUP BERHAD AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE TOGETHER WITH UP TO 483,115,126 FREE DETACHABLE WARRANTS IN LAMBO ("WARRANTS C") ON THE BASIS OF 5 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 12 AUGUST 2021
================== Loss making company relying on company fund raising via shares issuance to RI, PP, ESOS After share consolidation, NOSH again exceed 1.5 BILLION shares via shares issuance
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
the authorities must investigate the directors .. why sold at such huge loss, rm38mil++ hanky-panky is suspected
The Group recorded loss after tax of RM 51.26 million for the current quarter ended 30 September. This is mainly due to the loss on deemed disposal of subsidiary of RM6.9 million and the impairment loss on the amount owing by the deemed disposed subsidiary approximately RM38 million.
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Posted by shawn88 > 2022-04-18 17:05 | Report Abuse
tp1?