0096 (NEXGRAM) MATERIAL LITIGATION 24-06-2020 17:49:44
MATERIAL LITIGATION MATERIAL LITIGATION NEXGRAM HOLDINGS BERHAD (660055-H) (Nexgram or the Company) Kuala Lumpur High Court Writ Summons No. WA-28NCC-167-02/2020 Winding Up Petition Served on Coconut Three Sdn. Bhd. (Respondent) by Justin Faye & Partners (Petitioner) You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.co
Further to the Company's announcement dated 13 May 2020 and 20 May 2020, the Board of Directors wishes to announce that the hearing for the winding-up petition ("Petition") by Justin Faye & Partners ("Petitioner”) is now fixed on 24 August 2020 at the Kuala Lumpur High Court. (Meanwhile, the Company is in negotiation with the Petitioner for an out of court settlement.) NEGOTIATION OUT OF COURT SETTLEMENT.. WAHH
We wish to announce the following additional information as required by Bursa Securities pursuant to the Bursa Query:-
1. The operational impact of the Winding-up Petition on Nexgram Group.
Coconut Three Sdn Bhd, a wholly-owned subsidiary of Nexgram ("CTSB") is NOT A MAJOR SUBDIARY OF NEXGRAM GROUP and not contributing revenue to Nexgram Group, there is NO operational impact arising from the winding up petition.
@david coperfield My cut loss 0.015.. if u wanna TP tomorrow i have no idea.. depend on ur enter price.. i will wait till QR report.. result out.. then i will decide.. on my observation looks likes very high potential for this counter to go higher..
@david.. they announced to sold their building since last year for cash for restructuring the business debt.. snp process take time.. they announced yesterday 25/6.. process has been completed.. so now they have cash rm67 million on their company acc..
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS NEXGRAM HOLDINGS BERHAD ("NEXGRAM" OR THE "COMPANY")
DISPOSAL OF ONE BLOCK OF 11-STOREY STRATIFIED OFFICE BUILDING, BLOCK 1 (TYPE E), THE HORIZON, BANGSAR SOUTH, KNOWN AS NEXGRAM TOWER, BY COCONUT THREE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF NEXGRAM, TO IMS DEVELOPMENT SDN BHD FOR A CASH CONSIDERATION OF RM67,000,000 ("DISPOSAL") We refer to the announcements made on 3 January 2019, 25 March 2019, 30 May 2019, 7 August 2019, 8 August 2019 and 23 August 2019 in relation to the Disposal (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
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....
askhalan
575 posts
Posted by askhalan > 2020-06-24 11:42 | Report Abuse
early morning 10 00 am top ten volume