Huaan fails to make a regularisation plan to the regulatory authorities.upon occurrence of any of the events set out in , Bursa Securities shall suspend the trading of the listed securities of Hua-An on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company’s right to appeal against the delisting.
Refer to bursa website, Huaan is not under the latest list of PN17 and GN3 companies. I think PN17 and GN3 will be more serious compared to PN4.
What is PN4 ?
“PN4 companies” are affected listed companies that fail to meet the financial conditions for continued trading and listing on KLSE. In this context, the provisions of PN4 aim to ensure that affected listed companies take steps to regularise their financial conditions expeditiously within the stipulated time frame.
The regularisation time frame is not wrong is by end of this year. Let's us look at Huan recent qtr report, Huan already showed good result and Huan financial condition is doing good and they had started business operation instead of leasing business and now business operation is at profit. Next qtr result will most likely provide positive results.
I think Huaan is not yet initiated the regularisation plan, maybe after next qtr result and by that time share price will fly above 50 cents.
Those reguralisation plan normally involve restructuring plan among the companies and any corporate exercise plan, for Huaan, this is different case, since they already proved they are producing profit but they did not submit to Bursa for regularisation.
Another thing to mention, company did lease out their production place to others during last couple of the years. But started from this year, including sister companies, they did make up a corporate plan to meet the business target and ensure company is within top 500 fortune company in China in near future.
It is a way to RM 1 (discount to 0.50 for China company), but you might shake out during the share price fluctuation. I think strong support still be at 0.23/0.235 (agak-agak). Those purchase above this price, just trade with cautious, including me.
Anyway just "nonsense" sharing, good luck and trade accordingly to your plan.
Holy shit....Hua An is a PARAGRAPH/RULE 8.03A COMPANY (WTF is that??) and will it follow the path of Xinquan and will be suspended and delisted soon?????????????
Very scare....another pump n dump co which will be the writing material of CPTeh soon?
Posted by Albukhary > Sep 6, 2017 10:36 AM | Report Abuse
The Edge news reporting is trying to scare investor by highlighting that HUAAN has no regularistion plan and will be subject to delisting.
Q&A Session come again:-
1) Q: you guys need to understand why BURSA put HUAAN under Paragraph 8.03A of Main Market Listing Requirement? A: This is because on Year 2015-2016, HUAAN has lease it entire factory to 3rd party for 1 years, and this cause HUAAN has no operation revenue for the whole year. According to Paragraph 8.03A, a company must maintain a level of operation in order to continue to listed in Main Market. For HUAAN, since it has no operation revenue at all at the period, that why it fall under the Paragraph 8.03A.
2) Q: Will HUAAN be delisted soon due to non-complied with Para 8.03A? A: Of course NO la, as HUAAN has take back the factory and re-start its own operation since Feb 2017. Please look at last two quarter report, revenue is up to RM259mil and net profit is RM21mil, there is no reason for Bursa to delist such a good revenue and good profit company.
Aiyo, their operation is back to normal now after the expiry of the leasing arrangement on 01 Feb 2017 as evidenced by Q2 result (Sales RM259M n RM21M net profit) and I think Q3 will be able to show net profit of RM30M-RM40M in Nov.
Then Co will appeal to Bursa n move away from 8.03 Co n price will fly further...
Quite a few ppl(eg rr8-rugi rugi) are envious for not buying early & are now watching helplessly as the price bursts through 10c(as I predicted in Feb), then 15c, then 20c and now 25c.
So they are trying to scare ppl with anything they can find...Para 8.03A, China con men, etc etc
Hua-An Group main product metallurgical coke is a critical raw material used as energy source for the manufacturing of steel..you will see that there will be consistent demand to make sure steel producer will gain enough coke source. u already noticed that steel bar price is hiking up.
Paragraph 8.03A is old news, anyways the have until December 15 2017 to reply, am sure with its operation back on track there is no problem. Sour grapes who missed the boat are banging their heads.
my expectation today is solid closing price as the volume last Friday is huge so maybe big buyers will sit back and absorb any selling pressure instead of pushing the price.
Unless you know the steel business, there is no telling where it will head. Steel business is expected to be sluggish over next few months. Go talk to some of the industry players.
yeahh thinkin wanna top up or not, yeahh support cannot be breach then we look for an entry in the deepest capability
coz this gems cannot be resisted the greatfullness of the earth emerge inside the very common entity with makin penny to wealthy so just patience inside your heart can sustain the longetivity hopefullyyyyyyyy!!!! yeahhhh
so we said
Everythin gonna be alrite everythin gonna be ok Metal stocks in uptrend alrite techno stocks correction ok techno stocks in uptrend alrite metal stocks correction ok
No Huaan no cry No Huaan no cry No Aji no cry No Krono no cry
I think prior to 2009, listed companies needed to be have 30% shareholding hold by bumiputera, not sure, agak agak, that time China shareholders had purchased Antah as back door listing and Tuanku still remain as director after Antah changed to Huaan.
But still not understand the 30% shareholding is holding in trust or not. If this is holding in trust, then will not simply sell in the market.
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....
williamteng71
61 posts
Posted by williamteng71 > 2017-09-11 19:47 | Report Abuse
Good. Good...Contiuing