Posted by DKNY99 > 2019-05-03 14:15 | Report Abuse

Only method to rescue this company is to kick off ong chee koen and yap nam fee this two directors.

Posted by Wong Yi Ming > 2019-05-03 14:38 | Report Abuse

Make a police report to punish ong chee koen and yap nam fee

Posted by Lukesharewalker > 2019-05-03 15:19 | Report Abuse

this company has cash and near debt free. easily a quick takeover target

Posted by Lukesharewalker > 2019-05-03 15:19 | Report Abuse

not even taking into account the 2 projects

Posted by Lukesharewalker > 2019-05-03 15:22 | Report Abuse

maybe the bandar Malaysia and ecrl players might take a look ai it....

Posted by DKNY99 > 2019-05-03 15:29 | Report Abuse

If i sell u a sweet and ask for rm4 per sweet , do you want to pay me? Logic think lah , talk about bandar malaysia only commence on 2023. At that time ecobuilt already tutup kedai

Posted by DKNY99 > 2019-05-03 15:33 | Report Abuse

I can predict after ecobuilt giving money an
d laying red carpet to invite new director coming into board . Ecobuilt will only worth 5 cents. Becoz at that time the company only having huge debts and keep on ask donation (right issue )

Posted by Lukesharewalker > 2019-05-03 16:01 | Report Abuse

why do you say bandar Malaysia commenced in 2023?

Posted by Lukesharewalker > 2019-05-03 16:06 | Report Abuse

new director is titijaya kaki, if got new project might as well declare in proposal.....

Posted by Wong Yi Ming > 2019-05-03 18:17 | Report Abuse

This proposal consider reverse take over, they hold 32.4%. ridiculous deal.

Posted by DKNY99 > 2019-05-03 22:12 | Report Abuse

Rcsb is a very normal and non performing company at all. Rcsb total have 7 projects since establish.

Posted by DKNY99 > 2019-05-03 22:14 | Report Abuse

All those project are normal housing , non of it are government project. All low class and pariah projects. I wonder the 2018 profit margin only 3 percent.

Posted by DKNY99 > 2019-05-03 22:16 | Report Abuse

Conclusion , ecobuilt is buying a burden not a company. It will make ecobuilt become loss making company stole all 43millions cash within short periodthe

Posted by DKNY99 > 2019-05-03 22:21 | Report Abuse

My advise is dispose all the ecobuilt share and dun touch it again since it managed by conman. There are noway the company will growth , after private placement 60 percent plus giving money to invite another big conman to managed company.
Sure die like this kind of rubbish companyonly worth 5 cents.

Posted by DKNY99 > 2019-05-03 22:24 | Report Abuse

next years sure ask donation (right issue) from shareholders becoz buying OKU company plus conman management

Posted by DKNY99 > 2019-05-04 09:39 | Report Abuse

Everybody faster go to the nearest police station to make police report. The more we make police report the faster the bukit aman commercial crime will take action on the thief. I really really hate people stoling money.

Posted by Wong Yi Ming > 2019-05-04 10:25 | Report Abuse

I have made a report to bukit aman commercial crime. Hope others will do so.

Posted by Wong Yi Ming > 2019-05-04 10:40 | Report Abuse

Sometimes, we also cannot believe SC because many ridiculous proposals also approved by SC.

Posted by Wong Yi Ming > 2019-05-04 19:21 | Report Abuse

The boss of RCSB very lucky, Net asset RCSB only RM4.5million, sell to Ecobuilt. Get RM20millon cash plus 32.4 % Ecobuilt share and be a major shareholder of Ecobuilt. Unbelievable and happening in third world country.

Posted by DKNY99 > 2019-05-04 19:43 | Report Abuse

Everybody please dont believe sc only , sc don't have manpower and competent inspector to investigate. Better everbody go to.make a police report , then commercial crime department can only get involve

Posted by DKNY99 > 2019-05-04 19:45 | Report Abuse

Commercial crime department bukit aman is not alang alang people. They have plenty of competence person. This kind of case for them sup sup sui , very obvious stole money.

Posted by DKNY99 > 2019-05-04 19:48 | Report Abuse

Sc only a kindergarten person and full of lazy people working there. They won't go hunt the truth, they depend on you supply full evidence for them only. Dam lazy agency. Wasting our tax payers money only

Posted by DKNY99 > 2019-05-04 19:50 | Report Abuse

Make a official police report at the nearest police station only take 15min and them you can help investor and company collapse within 1 year.

Posted by DKNY99 > 2019-05-04 23:25 | Report Abuse

Rcsb won't inject assets, the purpose is to melt off all the company cash , then raise ri to buy new director own land with higher than market price. This type of tactic you are too young don't know china conman characters

Posted by DKNY99 > 2019-05-04 23:28 | Report Abuse

In short dispose all your share first to avoid cheat by eco. Then everybody please make police report to investigate them. Dont let auntie and uncle hard earn money been rob by penyamun.

Posted by DKNY99 > 2019-05-04 23:34 | Report Abuse

Nowadays if they construction line was very competative , rcsb profit margin only 3 percent. This kind of pariah company director inject assets, you thinking is so childish.

Posted by Sharewitch > 2019-05-05 13:49 | Report Abuse

The proposal is really full of holes. Its valued highly because 3 years consecutive profit ranging 1 to 2 million but Ecobuilt valuation is given a 6 cents market price discount. Ecobuilt has profitable for many years.
Just because a profit guarantee of 3.75 mil per year,its valued 12 times profit guarantee.
What kind of investment bankers are these?
This is similar scam that is being trial by the courts now.
If they intend to inject any tangible assets, it should stated in the proposal.
The accounts of RCSB is not included. What constitute the 4.5 million asset?
Purposely hidden?

Posted by Sharewitch > 2019-05-05 13:53 | Report Abuse

How can payment to UOB be made from retained profits? Retained profits is only distributable to shareholders via bonus dividends and capital payback

Posted by Sharewitch > 2019-05-05 13:55 | Report Abuse

I will definitely be contacting the SC and bursa

Posted by Sharewitch > 2019-05-05 14:01 | Report Abuse

I noticed the misleading information Luke mention. It's outright fraud? How careless or deliberate?

Posted by Sharewitch > 2019-05-06 11:30 | Report Abuse

They can't even private place last year. What's the difference this year? Notice the proposed private recipients are also shareholders of titijaya

Posted by Sharewitch > 2019-05-06 22:47 | Report Abuse

I think more investors need to be aware. Both companies is in the same business and same project too. The 187 mil to be bought in by RCSB includes 157 mil ppam project of which Ecobuilt subcontract to RCSB.
Hence RCSB is bringing in order book mainly subcontracted to them by Ecobuilt. Ecobuilt was awarded the 202 million project on the day.
Would that be intentionally fraudulent to mislead investors?
Isn't that double counting?

Posted by Sharewitch > 2019-05-06 22:49 | Report Abuse

There is hardly any work order increase bought in by RCSB

Posted by Sharewitch > 2019-05-06 22:50 | Report Abuse

The other are tail end and not going to contribute much....

Posted by Sharewitch > 2019-05-06 23:58 | Report Abuse

But RCSB gearing ratio is supposed to be 0.03

Posted by DKNY99 > 2019-05-07 11:36 | Report Abuse

You all dun just talk syok here only. Copy the contents and then translate into malay , then print out and make police report . Ask the police just follow the contents and write a report. After that , get the report number and tell the commercial crime bukit aman . Then make a sc report as well.
Is better than here talk syok and then share price ecobuilt drop until 10 cents baru kao beh kao bo.

Posted by Sharewitch > 2019-06-14 22:12 | Report Abuse

There is definitely double counting involved here. How can bursa and SC approve this? Investors are deliberately deceived tantamount to fraud. How can both companies can ownership to the work order of 157 mil from the same project?

It either Ecobuilt 450 minus 157 work order or RCSB claim 30 mil work order. How come investment bank don't know how to do the math?

What do you get for 45 million?

Meanwhile MB world buy a property developer for 7 mil which comes with 7 acres of land. That's reasonable

Posted by Sharewitch > 2019-07-15 20:25 | Report Abuse

If you look at it carefully. The vendor and the private placees are all titijaya shareholders.
Maybe titijaya might need a construction arm for their projects. So this idiot CEO wants to pull a fast one at the shareholders expense. Pay 45 million for a construction company in exchange for all future construction projects of titijaya.
At the same time get back his investment via 20 mil cash plus 10% holdings as a bonus.
I will be surprised if bursa approves as it will open up to lawsuits as there are elements of fraudulent misrepresentation in the circulars to shareholders.
Let see how it transpire.
Let titijaya has a hostile takeover and this CEO sell off his stake to them. How long can Michael holds his stake at this rock bottom price.
Its now a pariah of bursa because of this deal.
This is why there is a lop sided valuation of Ecobuilt and RCSB. Practically gifting the company to Titijaya.
The IB should be sued

Posted by Sharewitch > 2019-07-15 20:42 | Report Abuse

Let wait and see.
120 days deadline ends 31 August.
There could be possible upside then .....

Posted by TianTianHuat > 2019-07-22 19:03 |

Post removed.Why?

Posted by TianTianHuat > 2019-08-14 21:34 |

Post removed.Why?

Posted by TianTianHuat > 2019-09-06 12:35 |

Post removed.Why?

Posted by TianTianHuat > 2019-09-25 08:41 |

Post removed.Why?

Posted by TianTianHuat > 2019-09-25 08:44 |

Post removed.Why?

Posted by TianTianHuat > 2019-11-01 11:19 |

Post removed.Why?

Posted by TianTianHuat > 2019-11-01 11:20 |

Post removed.Why?

Posted by TianTianHuat > 2019-11-06 12:51 |

Post removed.Why?

Posted by TianTianHuat > 2019-11-06 12:54 |

Post removed.Why?

Posted by TianTianHuat > 2019-11-06 16:51 |

Post removed.Why?

Posted by xiaoji > 2019-11-12 12:10 | Report Abuse

pity, need to buy 1 lot to maintain the price...