ya.. i foreseen there will be something going on inside flonic. Will further push up the price even query from bursa recently. Maybe stagnant for 1 or 2 days then also show begins
Big Gun ..Tan Siew Ching( granddaughter of the late Tan Sri Tan Yuet Foh - founder of Tan Chong Motors Holdings Bhd) and Nagendran Nadarajah behind Flonic now... will be another Sumatec in the making? Flonic like sumatec loss every year.. but sumatec got pn17.. after flushing all contra player.. hopefully we will see the true flonic future.. sink or fly high like sumatec.
21 Jun 2013 General Announcement MULTIPLE PROPOSALS Description FLONIC HI-TEC BHD (“FLONIC” OR “COMPANY”)
(I) PROPOSED PAR VALUE REDUCTION;
(II) PROPOSED VARIATION TO THE UTILISATION OF PROCEEDS; AND
(III) PROPOSED AMENDMENT
(COLLECTIVELY, REFERRED TO AS “PROPOSALS”) ------- (a) Proposed reduction of Flonic’s existing issued and paid-up share capital from RM34,994,493 comprising 349,944,931 ordinary shares of RM0.10 each in Flonic to RM17,497,247 comprising 349,944,931 ordinary shares of RM0.05 each in Flonic (“Flonic Shares”) via the cancellation of RM0.05 from the par value of each existing ordinary share of RM0.10 each in Flonic pursuant to Section 64 the Companies Act, 1965 (“Proposed Par Value Reduction”);
-------- anyone understand??? par value to be 'REDUCED' from 10 cents to 5 cents....this is holland how can it surge?...gila -- and what about what bigfat has posted from about the article in The Star 17 august regarding Flonic: then a comment from a blog that had posted this in a blog on 14 august (The Star pun suka copy - haha):
Anonymous said... Sorry to say but I am amused by this article. I was working at Flonic for some time before it was closed down... Not sure on what basis this report is written but as far as I know, Flonic's manufacturing factory, "Flonic Advance" was closed somewhere in late Feb early March with its staff transferred to CFB group of companies. As far as I can tell, higher management of Flonic is very unscrupulous and I believe that the decision to close down the manufacturing factory was very last minute and quite a number of their employees were not properly reimbursed for their hard work and dedication towards the company. August 14, 2013 at 8:00 PM
remember problamatic companies such as hytexin? irmgp? naik gilan baban pada hal rugi gila baban(baban and gaban pun tak macamtu)...last-last bedegup pedih jantung para investors haha...this is more than just a precaution bro- selamat ber-transaction
betul la ini org sudah masuk, esok sure up punya...
Particulars of Substantial Securities Holder
Name Nagendran A/L C. Nadarajah Address No. 2, Medan Nusantara, Duta Nusantara, Jalan Sri Hartamas 1, 50480 Kuala Lumpur, Wilayah Persekutuan NRIC/Passport No/Company No. 531102-05-5399 Nationality/Country of incorporation Malaysian Descriptions (Class & nominal value) Ordinary Shares of RM0.10 each Name & address of registered holder Nagendran A/L C. Nadarajah No. 2, Medan Nusantara, Duta Nusantara, Jalan Sri Hartamas 1, 50480 Kuala Lumpur, Wilayah Persekutuan Date interest acquired & no of securities acquired
Currency Malaysian Ringgit (MYR) Date interest acquired 16/08/2013 No of securities 10,000,000 Circumstances by reason of which Securities Holder has interest Acquisition of shares Nature of interest Direct Interest Price Transacted ($$)
Total no of securities after change
Direct (units) 18,000,000 Direct (%) 5.14 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Date of notice 16/08/2013
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....
vinvin
4,495 posts
Posted by vinvin > 2013-08-18 15:12 | Report Abuse
4)Flonic - 500,000 shares ..............missed out above