VORTEX CONSOLIDATED BERHAD

KLSE (MYR): VC (0060)

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Last Price

0.17

Today's Change

0.00 (0.00%)

Day's Change

0.165 - 0.175

Trading Volume

3,499,000


26 people like this.

23,222 comment(s). Last comment by zhm540 1 day ago

nizam

38 posts

Posted by nizam > 2022-04-22 11:40 | Report Abuse

now volume big

nizam

38 posts

Posted by nizam > 2022-04-22 11:40 | Report Abuse

not move up look like boss selling

soso9999

547 posts

Posted by soso9999 > 2022-04-22 12:26 | Report Abuse

Run before too late dun believe me
Will lose money

Peace99

1,807 posts

Posted by Peace99 > 2022-04-24 13:53 | Report Abuse

Indonesia stop palm oil export and more conversion of warrants, both good for company, so expecting up!

Posted by nobodyisland > 2022-04-25 16:53 | Report Abuse

daily drop 0.005 sen.

8888_

2,816 posts

Posted by 8888_ > 2022-04-28 21:15 | Report Abuse

Vortex to buy RM246m worth of properties in Genting Highlands
theedgemarkets.com
/
theedgemarkets.com

April 28, 2022 20:29 pm +08
-A+A
KUALA LUMPUR (April 28): Information technology and property construction company Vortex Consolidated Bhd is acquiring 187 units of serviced apartments in an on-going property development called Antara @ Genting Highlands in Pahang that is undertaken by Aset Kayamas Sdn Bhd for RM246.35 million cash.

In a bourse filing on Thursday (April 28), Vortex said it has entered into a conditional sale and purchase agreement with developer Aset Kayamas for the proposed acquisition.

Spanning 2.163ha, Antara @ Genting Highlands features four blocks of serviced apartments with common facilities/amenities, commercial/retail space and an elevated car park podium. The proposed development, with a gross development value of RM2.24 billion, will be carried out in two phases, of which both phases are expected to be completed by the third quarter of 2025. As at April 20 2022, the proposed development was 16% complete.

Currently, Vortex’s property portfolio comprises a mix of commercial and residential properties. It said the proposed acquisition will enable the group to have exposure in sizable investment properties at strategic location to diversify and supplement its future income stream via rental income.

"This is also in anticipation that the demand for properties at or surrounding Genting Highlands is expected to increase in the future in view that the global and Malaysian economies are entering the endemic phase of the Covid-19 outbreak with the rollout of vaccines and the progressive recovery phase of the Malaysian economy, especially in the retail, commercial and tourism industries," said Vortex.

Vortex shares closed unchanged at 18 sen on Thursday, bringing a market capitalisation of RM194.18 million.
https://www.theedgemarkets.com/article/vortex-acquire-187-serviced-apa...

8888_

2,816 posts

Posted by 8888_ > 2022-04-28 21:28 | Report Abuse

RTO by Chai Kin Kong?

tklim BLOODY CHEAP

ANYONE CAN DO A HOSTILE TAKE OVER ON THIS COMPANY
27/04/2022 8:15 AM

8888_

2,816 posts

Posted by 8888_ > 2022-04-29 10:22 | Report Abuse

Why up not down instead if bad news?

8888_

2,816 posts

Posted by 8888_ > 2022-04-29 10:55 | Report Abuse

Kanger lousy company(cannot pay) so Chai Kin Kong sell to VC instead?

JJPTR

Vc only got 11m cash ,how to buy 246m worth of condo from Antara Asset?
By the way ,Kanger also buy 145m worth of condo from Antara Asset,Chai King Kong company.
So 225m cash most like willcome from massive multi billion right issues.
be careful. First stage of pump to print and print going on

13 hours ago

8888_

2,816 posts

Posted by 8888_ > 2022-04-29 11:04 | Report Abuse

Only 1 kilometer Antara from Resort World Genting. Sure sell very well when service apartment complete.

8888_

2,816 posts

Posted by 8888_ > 2022-04-29 11:27 | Report Abuse

SGD 1= RM 3.15; Antara service apartments sure S'porean can buy.

Posted by whistlebower99 > 2022-04-29 13:03 | Report Abuse

Kanger directors raise fund via rights issue to partly fund the purchase of the serviced apartment from KAYAMAS
(An acquisition of Tower A, Antara @ Genting Highlands which consists of 126 serviced apartments for a cash consideration of RM142,870,000.00.)

VC directors utilising portion of company fund (fund raising via share issuance) to purchase the serviced apartment from KAYAMAS

(Vortex Consolidated Bhd has entered into a conditional sale and purchase agreement with developer Aset Kayamas Sdn Bhd to acquire 187 units of serviced apartments worth RM246.35 million in an ongoing development in Genting Highlands.)

================
Congrats to KAYAMAS owner, the one profiting from above deals.

Kanger and VC spending lots of company fund raised from share issuance

How will VC price react after the news?

8888_

2,816 posts

Posted by 8888_ > 2022-04-29 13:46 | Report Abuse

So far is up. How does Kanger share react?

8888_

2,816 posts

Posted by 8888_ > 2022-04-29 15:55 | Report Abuse

VC no mention need further RI. Still subject to shareholders approval on Antara acquisition.

8888_

2,816 posts

Posted by 8888_ > 2022-04-29 15:57 | Report Abuse

Am I only shareholders? Why haters post I must answer not others?

8888_

2,816 posts

Posted by 8888_ > 2022-04-29 15:59 | Report Abuse

Kanger got cheap ESOS eg at 6.3 sen(compare to mother 6.5 sen) but not VC haha.

8888_

2,816 posts

Posted by 8888_ > 2022-04-29 16:01 | Report Abuse

Kanger QR big loss not VC why whistlebower99 doesn't know? He newbie is real?

Posted by whistlebower99 > 2022-04-29 16:21 | Report Abuse

Annual losses in last 3 years
Mostly losses in last 15 years

https://www.klsescreener.com/v2/stocks/view/0060/vortex-consolidated-b...

=================
Aset Kayamas benefited from the sales, its price should fly if it is listed.

Should VC price move up too for purchasing service apartments that are still not completed.

=================
On behalf of the Board of Directors of Vortex (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company had, on 28 April 2022, entered into a conditional sale and purchase agreement (“SPA”) with the developer, Aset Kayamas Sdn. Bhd. (“AKSB” or “Vendor” or “Developer”), for the proposed acquisition by the Company of 187 units of proposed serviced apartments located on the 7th, 12th to 29th and 46th to 49th floors of Tower A, Antara @ Genting Highlands (an on-going property development on a freehold land held under Title No. GRN 45572, Lot 43031, Mukim and District of Bentong, State of Pahang Darul Makmur) (“Subject Properties”) for a total cash consideration of RM246,348,000 (“Purchase Consideration”) (“Proposed Acquisition”).

Please refer to the attachment below for further details of the Proposed Acquisition.

This announcement is dated 28 April 2022.

https://www.klsescreener.com/v2/announcements/view/3542167

=================
TAYOR

8888_

2,816 posts

Posted by 8888_ > 2022-04-29 19:24 | Report Abuse

VC up 1 sen not Kanger.

Peace99

1,807 posts

Posted by Peace99 > 2022-04-30 18:01 | Report Abuse

There have been change of ppl in the management, pls check.

JJPTR

222 posts

Posted by JJPTR > 2022-05-05 15:57 | Report Abuse

Please take note..
Kanger which has business dealing with Antara Asset has money lending license
VC too has money lender license, for what purpose?
Famous scandal is Ekran which has money lending license, lent $700m rgt to the boss,Ting Pek Khing. And the money never paid back.
Drama has just started.

Peace99

1,807 posts

Posted by Peace99 > 2022-05-09 01:11 | Report Abuse

@JJPTR Kanger has money lending license?

I did a quick estimate: the 187 units VC bought has total build up area of 164232 sq ft. and Price is 246.348mil, so is rm 1500/ sq ft. From website below, price for 800 sq ft apt is 1.325 mil. this works out to rm1656/sqft, so VC got 10% discount. Any comment from anyone?
https://www.iproperty.com.my/property/genting-highlands/antara-genting...

Peace99

1,807 posts

Posted by Peace99 > 2022-05-09 16:45 | Report Abuse

@JJPTR, I don't see Kanger has any money lending license

Peace99

1,807 posts

Posted by Peace99 > 2022-05-09 17:12 | Report Abuse

Another thing to note: VC's NAV is almost twice the share price now

Peace99

1,807 posts

Posted by Peace99 > 2022-05-10 09:24 | Report Abuse

266,121, 872 WC were listed on 28/4/2021, and 108,867,100 have been converted. This I have verified by checking Bursa's announcements. The conversion to me means confidence in VC and gives 18.5 mil. Then, you have the 13mil from 2nd variation on the use of the proceeds from the RI last year. These funds helped VC to pay the 10% down payment for the Antara Genting purchase, just after buying the oil palm and durian plantation. I think VC's management have done their detailed calculations. I think more ppl will convert their WC and generate more fund.

Peace99

1,807 posts

Posted by Peace99 > 2022-05-10 09:29 | Report Abuse

@JJPTR, you asked "VC too has money lender license, for what purpose?“
Money lending is one of the key businesses! Wondering why you asked this.

Peace99

1,807 posts

Posted by Peace99 > 2022-05-10 10:13 | Report Abuse

In conclusion, i am not selling and looking forward to the QR coming out end of this month!

Peace99

1,807 posts

Posted by Peace99 > 2022-05-19 10:49 | Report Abuse

Good to see another, 2 mil, conversion to mother!

Peace99

1,807 posts

Posted by Peace99 > 2022-05-21 00:06 | Report Abuse

Good to see another 3.65 mil pieces of WC conversions
https://www.bursamalaysia.com/market_information/announcements/company...

Also 79,800 PA conversion at 48sen each. I still don't understand how come 48sen?

8888_

2,816 posts

Posted by 8888_ > 2 months ago | Report Abuse

QR out, EPS 0.77 sen really good?

Peace99

1,807 posts

Posted by Peace99 > 2 months ago | Report Abuse

P/E ratio tells more? Anyway, I see its making much more profit compared to last quarter and to last year's corresponding quarter. Plus the additional revenue streams from the newly acquired plantations (and later the Antara-Genting serviced apts?)

8888_

2,816 posts

Posted by 8888_ > 2 months ago | Report Abuse

Net cash improve to 5.4 sen(from 17 sen warrant conversion) from 4 sen last quarter is my observation. Only 2 of us left to talk?

Peace99

1,807 posts

Posted by Peace99 > 2 months ago | Report Abuse

Thanks for sharing the observation!
I hope not just 2 of us....may be ppl are temporarily busy with Sapura, Cypark...
Remember 1 year ago there were TurkeyFig, Doggie888 among others....One of them very confident about Mdm Chan, and influenced me to hold all these while even when it was as low as 7 sen. Lucky and Appreciate that!

Peace99

1,807 posts

Posted by Peace99 > 2 months ago | Report Abuse

good, waiting for their plantations to bear fruits, tunggu durian runtuh!

Posted by nobodyisland > 2 months ago | Report Abuse

change name to harvest miracle.. hope really harvest and miracle happen. lol

Posted by whistlebower99 > 2 months ago | Report Abuse


Proposed Change of Company Name
VORTEX CONSOLIDATED BERHAD

Proposed company name HARVEST MIRACLE CAPITAL BERHAD

==================
Vortex Consolidated Bhd has proposed to change its name to Harvest Miracle Capital Bhd.

In a Bursa Malaysia filing, the group said the new name was approved by the Companies Commission of Malaysia (CCM) on June 8.

=================
Remind of Harvest Court

Loss-making Harvest Court Industries Bhd is proposing to change its name to “Anzo Holdings Bhd”. In a filing with Bursa Malaysia today, Harvest Court said the new name has been approved and reserved by the Companies Commission of Malaysia (CCM) on July 6, 2015.21 Jul 2015

ANZO still incur multi year losses
=================

Good Luck to HARVEST MIRACLE CAPITAL BERHAD


Michael Kwok

4,297 posts

Posted by Michael Kwok > 2 months ago | Report Abuse

Harvest people money.Duh.If still can dip below 17-18 cents,there may be chance to shot to above 25 cents.just see the volume.

Icon 888

1,533 posts

Posted by Icon 888 > 2 months ago |

Post removed.Why?

Posted by nobodyisland > 2 months ago | Report Abuse

huh just change name only so fast run?

tklim

2,994 posts

Posted by tklim > 1 month ago | Report Abuse

ACTION WILL START AT 0.20

LET'S SEE IF THERE WILL BE ANY ACTION ON OR BEFORE OR AFTER 24/JUNE/2022

NTA 0.256
CEILING PRICE 0.485

Peace99

1,807 posts

Posted by Peace99 > 1 month ago | Report Abuse

@tklim, mind sharing what's special about 24 June?

haohaohao

57 posts

Posted by haohaohao > 1 month ago | Report Abuse

Joker

zhm540

2,372 posts

Posted by zhm540 > 1 month ago | Report Abuse

all palm oil counters down due to CPO low prices but VC still stubborn.. sooner or later it will drop back to below 10s... be careful.

zhm540

2,372 posts

Posted by zhm540 > 1 month ago | Report Abuse

all sawit counters are back to their starting position... sell while the price is higher... less than 10s is coming

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

CIRCULAR TO SHAREHOLDERS IN RELATION TO:
PART A PROPOSED ACQUISITION BY MAJESTIC SKYHILL MANAGEMENT SDN. BHD. (A WHOLLY-OWNED SUBSIDIARY OF VORTEX CONSOLIDATED BERHAD ("VORTEX" OR "COMPANY")) OF 187 UNITS OF PROPOSED SERVICED APARTMENTS LOCATED ON THE 7TH, 12TH TO 29TH AND 46TH TO 49TH FLOORS OF TOWER A, ANTARA @ GENTING HIGHLANDS (AN ON-GOING PROPERTY DEVELOPMENT ON A FREEHOLD LAND HELD UNDER TITLE NO. GRN 45572, LOT 43031, LOCALITY OF BENTONG, MUKIM AND DISTRICT OF BENTONG, STATE OF PAHANG DARUL MAKMUR) FROM THE DEVELOPER NAMELY, ASET KAYAMAS SDN. BHD., FOR A TOTAL CASH CONSIDERATION OF RM246,348,000 ("PROPOSED ACQUISITION")
PART B PROPOSED CHANGE OF NAME OF THE COMPANY FROM "VORTEX CONSOLIDATED BERHAD" TO "HARVEST MIRACLE CAPITAL BERHAD"

==================
Purchase of 187 units of apartment costing RM246,348,000 from Aset Kayamas.
Congrats to Aset Kayamas owner on this deal.

Payment will be satisfied entirely in cash via the Group’s internal funds and via a combination of the Group’s internal funds, variation of utilisation of proceeds from previous fund-raising exercises of the Company, other fund-raising options and/or bank borrowings.

https://www.klsescreener.com/v2/announcements/view/3581287

================
Expect directors to undertake more fund raising via share issuance to PP, ESOS, RI


tklim

2,994 posts

Posted by tklim > 2 days ago | Report Abuse

CAN FLY IF BREAK 0.20
==================

TARGET
0.23
0.28
0.34
0.4
0.47
0.55
0.67

tklim

2,994 posts

Posted by tklim > 2 days ago | Report Abuse

HOLD OR BUY...,,,,,,UPTREND

zhm540

2,372 posts

Posted by zhm540 > 1 day ago | Report Abuse

palm oil kaunters are all down to their pre-rally level except for VC... can it sustain at this price or later dumped by operator after warrant conversion?

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