Notice of Person Ceasing (Section 139 of CA 2016) FAST ENERGY HOLDINGS BERHAD Particulars of Substantial Securities Holder Name FIRSTBERRY SDN BHD Address 22-09, Menara 1MK No 1, Jalan Kiara Mont Kiara Kuala Lumpur 50480 Wilayah Persekutuan Malaysia. Company No. 201801043869 (1305901-H) Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Share Name of registered holder FIRSTBERRY SDN. BHD. Address of registered holder 22-09, Menara 1MK, No 1, Jalan Kiara, Mont Kiara, 50480 Kuala Lumpur, W. P. Kuala Lumpur Date of cessation 30 May 2022 No of securities disposed 40,555,700 Circumstances by reason of which a person ceases to be a substantial shareholder Disposal of 40,555,700 ordinary shares via open market transaction Nature of interest Direct Interest Date of notice 22 Dec 2022
========= Substantial shareholders sold down in May 2022 Announced in Dec 2022, 6 months after transaction!!!!
So clever to escape Shares consolidation exercise.
Maritime trade had rebounded in the year 2021 in tandem with recovery in merchandise trade and world output. While medium term outlook remains positive, growth is subject to mounting uncertainties over inflationary concerns in the world economy.
Nevertheless, maritime transport remains an essential sector for the continued delivery of critical supplies and global trade during the recovery stages from a global pandemic.
Front-month cracks for 0.5% very low sulphur fuel oil (VLSFO) hit record highs in end-June amid a rally in gasoil margins, but the uptrend fizzled out in the second half of 2022, with VLSFO cracks slumping to over two-year lows in mid-December.
Guys, please don't forget FAST had venture into the oil bunkering + energy sector. With every sector + country opening up, there will be busy offshore / maritime activities which will require oil bunkering service.
Fast Energy stated that its petroleum trading activities are capital intensive, as the group must have sufficient financial resources to secure and purchase the petroleum products needed to supply customers such as companies in the shipping or bunkering industries.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Aati99
177 posts
Posted by Aati99 > 2022-12-23 12:29 | Report Abuse
Beli je, goreng up goreng up !