MALAYAN UNITED INDUSTRIES BHD

KLSE (MYR): MUIIND (3891)

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Last Price

0.06

Today's Change

0.00 (0.00%)

Day's Change

0.055 - 0.06

Trading Volume

20,822,900


6 people like this.

4,658 comment(s). Last comment by Bmw X5 5 days ago

sriweld

3 posts

Posted by sriweld > 2022-01-28 10:11 | Report Abuse

Corus UK must be worth £250m to £350m or at least rm1.4b.The total debts is around rm900. The difference of rm500m is more than the market value at 0.07. Everything else is free. But of course, the peabrain son doesn't know his maths.

kkp999

17 posts

Posted by kkp999 > 2022-01-28 10:56 | Report Abuse

private placement 10%, seem like they are not selling corus hyde park anytime soon

Bmw X5

7,165 posts

Posted by Bmw X5 > 2022-01-28 19:28 | Report Abuse

“The thing about private placement is that it is only for a selected few or qualified investors, so somehow, it sometimes raises questions on who they are.

“A private placement is always a privilege to a selected few whereas a rights issue, which goes to every shareholder, is a fairer way of fundraising, in my view, ”

ov123

186 posts

Posted by ov123 > 2022-01-29 15:15 | Report Abuse

10% PP or 293m shares @ 0.07 will only bring in RM20.5m. Interest on the > RM900 borrowings is more than that. The destruction in value of this company in the last 9 years is reflected in the current share price. The company is in dire need of a competent CEO.

Bmw X5

7,165 posts

Posted by Bmw X5 > 2022-01-29 21:44 | Report Abuse

Relax ..Mui established since 1960 before most of us here even exists ..the old Khoo days are numbered ...the son will likely sell off or restructured Mui once he CAN make the call ....MUI has plenty of assets bought cheaply during 1960s ...now market value worth billions ....Mui highly possible will be bought over by Institutional Funds over its assets. And retails strategic location base in kl.

Bmw X5

7,165 posts

Posted by Bmw X5 > 2022-01-29 21:46 | Report Abuse

Price if PP is yet to ascertain ...may be a good time to push up this sleeping beauty....hahaha

Bmw X5

7,165 posts

Posted by Bmw X5 > 2022-02-02 08:20 | Report Abuse

https://fb.watch/aVxYbLIh2i/

Posted by harvest18 > 2022-02-04 14:04 | Report Abuse

Company is undervalued but directors have no skill to realise these values.

Bmw X5

7,165 posts

Posted by Bmw X5 > 2022-02-05 17:17 | Report Abuse

Relax and chill.....patience is the key ..

Bmw X5

7,165 posts

Posted by Bmw X5 > 2022-02-07 22:17 | Report Abuse

The Proposed Private Placement is expected to result in an interest saving of
approximately RM0.98 million per annum and hence have a positive impact on the Group’s
financial position in the future.
Premised on the above, the Board is of the view that the Proposed Private Placement will facilitate
the Group to maintain its creditworthiness with its lenders for the continued availability of credit
facilities to fund its business operations which is expected to improve the business and financial
performance of the Group and thus enhance the shareholders’ value in the future.
2.2
Adequacy of the Proposed Private Placement in addressing the Company’s financial concerns
The Proposed Private Placement will enable the Group to raise additional funds from third party
investor(s) expeditiously for the purposes as set out in Section 3 of the Announcement. As at 30
September 2021, the Group has approximately RM141.80 million in cash and bank balances
(inclusive of deposits pledged with financial institution) which will be sufficient to meet its shortterm obligations. Although the Proposed Private Placement will not substantially turn around the
Group’s financial performance, it is adequate at this juncture as an interim measure to reduce the
Group’s existing indebtedness and ensure business continuity is not affected by cash flow
constraints.
As disclosed in Section 5.8 of the Announcement, the Group has undertaken and is undertaking
various measures to improve its financial performance and strengthen its financial position amid
the challenging environments faced by the hospitality and tourism industry as well as the retail
industry in particular. These include, amongst others, the implementation of various cost cutting
measures by the Group, the Proposed Disposal, the opening of new experiential retail store by
Metrojaya at LaLaport BBCC in Kuala Lumpur tentatively in the second quarter of 2022 and the
Proposed A&W Acquisition.
Hence, the Board is of the view that these concerted measures coupled with the efforts to pare down
bank borrowings via the proceeds from the Proposed Private Placement and further fund raising
exercises in the future, if necessary, will support the Group’s aim to strengthen its financial
performance and financial position in the long term.
This announcement is dated 7 February 2022

Zoom

1,194 posts

Posted by Zoom > 2022-02-08 15:43 | Report Abuse

bagus?

kkp999

17 posts

Posted by kkp999 > 2022-02-10 13:38 | Report Abuse

this 10% pp with the price of 0.065 only able to raise 19m. they are diluting our shareholding
scam

alenac

2,208 posts

Posted by alenac > 2022-02-10 13:46 | Report Abuse

This counter is like Berjaya Corp/ Bjland Bhd no punters and institutions trust the owners of the companies.

Zoom

1,194 posts

Posted by Zoom > 2022-02-10 16:15 | Report Abuse

this company young director like conman?

Zoom

1,194 posts

Posted by Zoom > 2022-02-10 16:16 | Report Abuse

noob ooperator....

bobvic96

746 posts

Posted by bobvic96 > 2 months ago | Report Abuse

Unsteady ConPipi - please your comments:

https://www.theedgemarkets.com/article/mui-proposes-capital-reduction-...

firehawk

4,299 posts

Posted by firehawk > 2 months ago | Report Abuse

Nothing changed, except account figures change column :-)

Bmw X5

7,165 posts

Posted by Bmw X5 > 2 months ago | Report Abuse

Relax and chill Mui will need a major restructuring before it return back to profitability

Bmw X5

7,165 posts

Posted by Bmw X5 > 2 months ago | Report Abuse

Capital reduction is the process of decreasing a company's shareholder equity through share cancellations and share repurchases, also known as share buybacks. The reduction of capital is done by companies for numerous reasons, including increasing shareholder value and producing a more efficient capital structure.

chinaman

2,948 posts

Posted by chinaman > 2 months ago | Report Abuse

Borders to reopen on April 1, says PM

beyond2288

1,792 posts

Posted by beyond2288 > 2 months ago | Report Abuse

Why mui going down at 0:055 no support buy back share director?

beyond2288

1,792 posts

Posted by beyond2288 > 2 months ago | Report Abuse

selling asset mui property to cover coss expenses

Faiza

452 posts

Posted by Faiza > 2 months ago | Report Abuse

capital reduction share to 100M, small cap, easy to goring

Bmw X5

7,165 posts

Posted by Bmw X5 > 2 months ago | Report Abuse

Relax and enjoy the show...... Mui strikes back even stronger

Bmw X5

7,165 posts

Posted by Bmw X5 > 2 months ago | Report Abuse

Strong support at 0.055 cup formation ...looks great

beyond2288

1,792 posts

Posted by beyond2288 > 2 months ago | Report Abuse

0:095-0:10 will take a time to go back may be end of the year

Posted by The_JQuestion > 2 months ago | Report Abuse

i eat their crispy its a cheap kid chocolate .... cheap ver of kitkat
metrojaya is long dead LOL...this kind of store quite obsolute already

beyond2288

1,792 posts

Posted by beyond2288 > 2 months ago | Report Abuse

0:075 - 0:08

Bmw X5

7,165 posts

Posted by Bmw X5 > 2 months ago | Report Abuse

As long business as usual recovery will be in place

beyond2288

1,792 posts

Posted by beyond2288 > 1 month ago | Report Abuse

quickly to goreng back 0:25 sen please ceo muigrop

Bmw X5

7,165 posts

Posted by Bmw X5 > 1 month ago | Report Abuse

The only way up is to sacked the whole useless Board of Directors or Sell off Mui Mui off the Khoo

Bmw X5

7,165 posts

Posted by Bmw X5 > 1 month ago | Report Abuse

This ship is sinking and Jack has long gone ....no hope

beyond2288

1,792 posts

Posted by beyond2288 > 1 month ago | Report Abuse

0:095-0:1O rebound

Bmw X5

7,165 posts

Posted by Bmw X5 > 1 month ago | Report Abuse

Insider Good News probably buying at lowest point ...collecting for the future . Business as usual

Bmw X5

7,165 posts

Posted by Bmw X5 > 1 month ago | Report Abuse

https://www.grab.com › press › others
Grab Completes Acquisition of Stake in Jaya Grocer | Grab SG

Bmw X5

7,165 posts

Posted by Bmw X5 > 1 month ago | Report Abuse

Metrojaya could be the next target ...buy buy buy

Bmw X5

7,165 posts

Posted by Bmw X5 > 1 month ago | Report Abuse

Good news brewing inside Mui once a darling at rm32 a piece

Bmw X5

7,165 posts

Posted by Bmw X5 > 1 month ago | Report Abuse

Moving like business as usual ....power sial

beyond2288

1,792 posts

Posted by beyond2288 > 1 month ago | Report Abuse

0:095 coming soon

Bmw X5

7,165 posts

Posted by Bmw X5 > 1 month ago | Report Abuse

6.5 mil done at 0.055...confirm insider collecting

dompeilee

10,758 posts

Posted by dompeilee > 1 month ago | Report Abuse

Bankrap...asset 'rich' but debt laden....lots of unmonetisable hotels & resorts with minimal cashflow.

dompeilee

10,758 posts

Posted by dompeilee > 1 month ago | Report Abuse

Dug up my old records to check: surprised to rediscover that I bought 25k MUI @ 20c in 2014 & then SOLD on the way up from 21.5c to 28.5c, earning $632.24, selling down to zero shares.

Bmw X5

7,165 posts

Posted by Bmw X5 > 1 month ago | Report Abuse

Relax this sleeping beauty will awake and race to fame one fine day as long business as usual cash flow will improve ....

Bmw X5

7,165 posts

Posted by Bmw X5 > 1 week ago | Report Abuse

Big fish collecting ....get ready

Bmw X5

7,165 posts

Posted by Bmw X5 > 1 week ago | Report Abuse

Take over very likely

Bmw X5

7,165 posts

Posted by Bmw X5 > 5 days ago | Report Abuse

Court case dismissed ...Business as usual .

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