Posted by Johnchew5 > 2023-07-06 14:47 |

Post removed.Why?

Posted by soon9913 > 2023-07-06 21:41 | Report Abuse

share awards to directors 47mil unitss

Posted by Johnchew5 > 2023-07-07 09:08 | Report Abuse

JAKS offers shares under long-term incentive plan to directors, employees
By Priyatharisiny Vasu / theedgemarkets.com


14 Sep 2022, 10:25 pm


KUALA LUMPUR (Sept 14): JAKS Resources Bhd has offered share options under its long-term incentive plan (LTIP) to eligible directors and employees of the group and its subsidiaries.

In a filing with Bursa Malaysia, JAKS said the 57 million LTIP shares are offered at an exercise price of 23.7 sen per share.

Of these, 30 million shares are offered to directors, comprising 17 million to chief executive officer and managing director Ang Lam Poah, eight million to executive director Datuk Razali Merican Naina Merican, and five million to executive director Ang Lam Aik.


Another 13 million shares are offered to the group's senior management, and two million to other selected employees and executives.
JAKS' share price closed flat at 26 sen on Wednesday (Sept 14), valuing the group at RM521.17 million.


Over the last one year, the counter has declined by 46%.

Posted by Johnchew5 > 2023-07-07 09:12 | Report Abuse

JAKS RESOURCES BERHAD Registration No. 200201017985 (585648-T)
Award of LTIP Shares under the Restricted Share Plan (“RSP”) of JAKS Resources Berhad’s (“Company”) Long Term Incentive Plan (“LTIP”)
Table 1
No. Description of Award of LTIP Shares under the RSP
1. Date of Award of LTIP Shares : 6 July 2023
2. Number of LTIP Shares to the Selected Employees : 70,500,000 shares
Executive Director/Chief Executive Officer Senior Management
Other Selected Employees/Executives
47,000,000 20,400,000 3,100,000
3. Closing market Price of the Company’s shares on the Date of Award
4. Grant Date
5. Vesting Date of up to the number of LTIP Shares granted*
This announcement is dated 6 July 2023.

Posted by curiousq > 2023-07-07 09:36 | Report Abuse

OMG!! still cannot, like a piese of ji pek

Posted by m16454 > 2023-07-07 16:03 | Report Abuse

employee and shareholder sell at higher price and got lower cost tickets, thats why it keeps sliding down below 0.20.

Posted by Sslee > 2023-07-07 16:47 | Report Abuse

(i) Share Option Plan

means grantee are allowed to subscribe for new shares at the pre-determined price (based on 5 days VWAP with a discount of not more than 10%) during the tenure of LTIP.



(ii) Share Grant Plan (SGP)


The SGP is intended to allow the company to award such number of new shares without any cash consideration payable to the ED and Senior Management of the Group.

Posted by Sslee > 2023-07-07 16:49 | Report Abuse

Additional Listing Announcement /Subdivision of Shares
JAKS RESOURCES BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Others
Details of corporate proposal Long Term Incentive Plan - vesting of ordinary shares under Restricted Share Plan - Grant of LTIP
No. of shares issued under this corporate proposal 70,500,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.1800
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 2,289,834,607
Issued Share Capital ($$) Malaysian Ringgit (MYR) 1,110,701,554.000
Listing Date 10 Jul 2023

Posted by Sslee > 2023-07-07 16:52 | Report Abuse

soon9913 share awards to directors 47mil unitss
06/07/2023 9:41 PM

The SGP is intended to allow the company to award such number of new shares without any cash consideration payable to the ED and Senior Management of the Group.

Posted by Sslee > 2023-07-07 17:10 | Report Abuse

Table 1
No. Description of Award of LTIP Shares under the RSP
1. Date of Award of LTIP Shares : 6 July 2023
2. Number of LTIP Shares to the Selected Employees : 70,500,000 shares
Executive Director/Chief Executive Officer Senior Management
Other Selected Employees/Executives
47,000,000 20,400,000 3,100,000

The SGP (Grant of LTIP) is awarded to the above without any cash consideration.

As of the achievement yardstick used to award the SGP (Grant of LTIP) to Executive Director/Chief Executive Officer Senior Management Other Selected Employees/Executives
47,000,000 20,400,000 3,100,000
you need to ask LTIP award committees: Company already pay big cat salary and allowance and what Executive Director/Chief Executive Officer Senior Management Other Selected Employees/Executives had done/achieved that deserved all the shareholders to foot the bill for free Share Grant LTIP?

Posted by Lee Ying Yee > 2023-07-07 17:32 | Report Abuse

how to invite ? more n more esos pp etc ??/

Posted by Sslee > 2023-07-07 19:06 | Report Abuse

Jaks is not investible.
All investors money will go to LTIP free grant to fatten the pocket of BOD/Top management and trade/other receivables impairment to syphon money out of Jaks to relate, friendly party or private companies.

Posted by Felix888 > 2023-07-07 21:39 | Report Abuse

I3licker, Why not you `potong` first before the 6 states election. Or no need to `potong` because you have eraction problem?

Posted by i3lurker > 4 hours ago | Report Abuse

dun worry
I will Vote for PAS

thereafter I will propose to PAS Federal Gobermen that LTIP can only be awarded to local mosques/suraus.

Posted by Johnchew5 > 2023-07-07 23:53 | Report Abuse

Hoho no wander Liccker Lurker is following his Master liccking ard for a Bintang Beer , hahahaha..

Posted by Johnchew5 > 2023-07-07 23:57 | Report Abuse

Hoho here got so many Senior members whom hibernated that appeared , like the One asked on the LTIP ex price is own deleted the post , recalled is a Senior member since 2013 ..

Posted by Johnchew5 > 2023-07-08 00:49 | Report Abuse

Hoho looks like bottom fishing Shl be monitor until after PP extension of time of up to 29 January 2024 .


>>


The Proposed DRP will be tabled as a special business at the 21st Annual General Meeting (“AGM”) of JAKS, which will be held on a fully virtual basis at the broadcast venue at Manuka 2&3, Unit 29-01, Level 29, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia on Tuesday, 27 June 2023 at 10.30 a.m.. The notice of the 21st AGM of the Company together with the Form of Proxy, Administrative Guide and this Circular are available online at the Company’s website at http


>> Focus on Maximum Scenario :

91,944,315 New Share on DRP on Assumptions:

1.) All the 171,488,288 outstanding Warrants B are EX .

2.) All the 525,564,900 outstanding Warrants C are EX .

3.) All the 141,474,619 outstanding LTIP Options are EX .

4.) All the 292,884,436 Private Placement are issued Prior to the implementation of the Proposed DRP .


This Circular is dated 28 April 2023

—-


On behalf of the Board, UOBKH wishes to announce that the Board has resolved to fix the issue price for the Private Placement at RM0.1850 per Placement Share.
 

The issue price of RM0.1850 represents a discount of RM0.0175 or approximately 8.64% to the 5-day VWAP of JAKS Shares up to and including 17 May 2023, being the market day immediately preceding the price-fixing date of RM0.2025 per JAKS Share.
 

This announcement is dated 18 May 2023.



—



On behalf of the Board, UOBKH wishes to announce that an application has been submitted to Bursa Securities on 3 July 2023 to seek for its approval for an extension of time of up to 29 January 2024 for the Company to complete the implementation of the Private Placement (“Extension of Time Application”). The Extension of Time Application is sought pursuant to Paragraph 6.63 of the Listing Requirements.

 
This announcement is dated 3 July 2023.

Posted by Johnchew5 > 2023-07-08 00:52 | Report Abuse

Hoho looks like bottom fishing Shl be monitor until after PP extension of time of up to 29 January 2024 IF approved..

Posted by Johnchew5 > 2023-07-08 05:56 | Report Abuse

Hoho Shl not be Maximum Scenario :


2.) All the 525,564,900 outstanding Warrants C are EX .

Note :
Maturity 2025-11-18

Posted by Johnchew5 > 2023-07-08 05:58 |

Post removed.Why?

Posted by Johnchew5 > 2023-07-08 05:59 |

Post removed.Why?

Posted by soon9913 > 2023-07-08 19:06 | Report Abuse

they dont have cash to pay you div thats why propose DRP by issuing new share lo

Posted by Sslee > 2023-07-09 09:01 | Report Abuse

ALP just wants to issue more shares so that he will get his cut in free grant LTIP so the more NOSH the merry.

Posted by Sslee > 2023-07-09 09:02 | Report Abuse

Total NOSH 2,289,834,607

Posted by Johnchew5 > 2023-07-09 09:43 | Report Abuse

We usually find it abbreviated as DRIP or DRP in Malaysia. In simple words, a dividend reinvestment plan is a corporate action that allows investors to use the dividend distributed by the company to buy the company newly issued shares.


Posted by soon9913 > 14 hours ago | Report Abuse

they dont have cash to pay you div thats why propose DRP by issuing new share lo

Posted by soon9913 > 2023-07-09 13:16 | Report Abuse

haha that one is Vietnam tnb, not MY tnb

Posted by SarifahSelinder > 2023-07-09 13:56 | Report Abuse

Yg so important question ni xda pula yg tanya kat AGM

So now worry sick wondering if EVN payments are late or not?

4 months rasa rasa is rather slow

1 month slow is about 190m

Posted by davidts95 > 2023-07-10 15:39 | Report Abuse

Up up up !

Posted by valueinvestor33 > 2023-07-10 16:35 | Report Abuse

DCF valuation is a nonsense and keep it for himself. His comments is not welcomed here.

Posted by It's Compounding > 2023-07-10 18:46 | Report Abuse

Hi Sslee, from the announcement of Jaks, it shows after the grant LTIP the issued share capital will increase accordingly. May I know since it's free then who pays for the increase amount?

Posted by warchest > 2023-07-10 20:11 | Report Abuse

https://klse.i3investor.com/web/blog/detail/TimelessInvestment/2023-07-10-story-h-246424046-JAKS_Resources_Berhad

Posted by i3lurker > 2023-07-11 01:01 | Report Abuse

You are talking about Companies Act 1965.
It's now Companies Act 2016
STOP buying any shares since there is so much you dun know.
Go sign up for free classes from sex firm or attend BURSA classes


It's Compounding

Hi Sslee, from the announcement of Jaks, it shows after the grant LTIP the issued share capital will increase accordingly. May I know since it's free then who pays for the increase amount?

6 hours ago

Posted by Johnchew5 > 2023-07-11 06:13 | Report Abuse

A ) Referred to FY21 Annual Report :

The turnaround to Profitability was mainly from the share of profit in the Vietnam joint venture which amounted to RM 140.7 million in FYE2021 as compared to RM3.8 million in the previous year .


B ) Referred to FY22 Annual Report :

The increase in Profitability arose from the Higher share of Profit from the Vietnam joint venture that rose by 11 % to RM 156.2 million.


C ) Referred to 1st QR ended March 2023 :

Share of Profit in Joint Venture is RM 28,326,000 compared to March 2022 RM 33,936,000.


—


>> JHDP has been granted the Investment Certificate by the Ministry of Planning and Investment of Vietnam on June 2011 to develop a 2 x 600 MW Coal Fired Thermal Power Plant Project in Phuc Thanh Commune, Kinh Mon District, Hai Duong Province, Vietnam ("Hai Duong BOT Thermal Power Plant"), under the form of Build-Operate-Transfer ("BOT") for 25 years.


>>> Construction of Hai Duong BOT Thermal Power Plant has commenced in the first half of 2016. Hai Duong BOT Thermal Power Plant achieved the commercial operation for its first unit on November 2020, while the commercial operation for the second unit was achieved in January 2021.

Posted by Sslee > 2023-07-11 06:24 | Report Abuse

Q3 end 31/9/2023. Under P&L statement will be addition expenses:
Restricted Share plan ("RSP") expenses: RM 70,500,000 X 0.18= RM 12,690,000
So guess who will pay for the increase amount?

It's Compounding Hi Sslee, from the announcement of Jaks, it shows after the grant LTIP the issued share capital will increase accordingly. May I know since it's free then who pays for the increase amount?
10/07/2023 6:46 PM

Listing Date 10-Jul-2023
New type/class? No
Type Others
Details Long Term Incentive Plan - vesting of ordinary shares under Restricted Share Plan - Grant of LTIP
No. of shares issued 70,500,000
Issue Price MYR 0.180
Par Value 0.000
Total NOSH 2,289,834,607

Posted by Johnchew5 > 2023-07-11 08:13 |

Post removed.Why?

Posted by mickey77 > 2023-07-11 10:08 | Report Abuse

TNB ok LSS4 for Jaks???

Posted by soon9913 > 2023-07-11 12:12 | Report Abuse

LSS4 is testing by TNB now, target for acceptance by end of Q3 23

Posted by Johnchew5 > 2023-07-11 14:45 | Report Abuse

Hoho give a 👍 to Jaks on 1st to complete n commence commercial operations among the 10 awarded Companies of LSS4 :


> Referred to 1st QR ended March 2023 :


This will augur well for the Group’s Power-Energy division as the demand for electricity is expected to increase. The Group targets to achieve commercial operation of the LSS4 solar project by the second quarter of 2023, approximately 6 months ahead of the scheduled commercial operation date of 31 December 2023, after which this project will start contributing additional stream of stable recurring income with a 25-year concession period.


—

>> Jaks targets new projects
By John Gilbert
June 19, 2023 @ 8:27am




KUALA LUMPUR: Jaks Resources Bhd (JRB) is upbeat about securing more renewable energy (RE), including hydro and wind power assets in Malaysia following the completion of the RM220 million 50MW solar farm under the large-scale solar (LSS4) project in Nibong Tebal, Penang.


"On solar projects, we are participating in the Corporate Green Power Programme (CGPP) with bids of up to 50MW.



"We are also in discussion with several private and state-backed companies for large-scale solar projects," chief executive officer Ang Lam Poah told The New Straits Times.


Ang said that under the 50 megawatts LSS4 tender, the government had awarded 10 local companies, and JRB was the first to complete the given project ahead of schedule.




He said the Nibong Tebal 50-megawatt project is now undergoing the testing and commissioning phase by Tenaga Nasional Bhd (TNB).



"Our target is to commence commercial operations by mid of July and is scheduled to be the first 50MW solar farm under LSS4 to be completed ahead of schedule," Ang said.

Posted by warchest > 2023-07-12 08:17 | Report Abuse

The grant of free shares need to be halted as the Group is not performing, with RM131m of impairment in receivables and legal tussles. And is share price is at all time low.

https://klse.i3investor.com/web/blog/detail/TimelessInvestment/2023-07-10-story-h-246424046-JAKS_Resources_Berhad

Posted by warchest > 2023-07-12 08:23 | Report Abuse

It is absurd for the MD and it's management team to receive on average RM10m & RM1m/person for the non performance. It is unhealthy practice & without skin in the game (the Group's financial performance is not in tandem with its high remunerations). Their remunerations are even higher than the top 10 listed companies in Malaysia. But JAKS is only a tiny RM400m Group

Posted by warchest > 2023-07-12 08:26 | Report Abuse

The benefits from JHDPP & LSS4 are currently enjoy by the directors & management team. So far, the shareholders receiving nothing but negative value

Posted by Johnchew5 > 2023-07-12 08:50 |

Post removed.Why?

Posted by soon9913 > 2023-07-12 21:19 | Report Abuse

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR ANG LAM POAH | https://www.klsescreener.com/v2/announcements/view/5297847



huat ar

Posted by Gotyou > 2023-07-13 09:46 | Report Abuse

https://klse.i3investor.com/web/blog/detail/gotyou/2023-07-13-story-h-245713930-WHAT_YOU_DON_T_KNOW_ABOUT_JAKS_RESOURCES

Posted by Johnchew5 > 2023-07-13 10:41 | Report Abuse

Hoho what happened???


Stock: [JAKS]: JAKS RESOURCES BERHAD
2022-05-22 13:01 | Report Abuse
When the 1,200MW coal fired Jaks Hai Duong Power Plant ("JHDP") which is 30% owned by Jaks Resources, started commercial operation in Jan 2021, international coal price was around USD60 and the price has since soared to over USD400. So the big question is "Can JHDP still remain profitable ?"

Most investors will find it difficult to concur as the primary feed stock, Coal, has gone up way too much beyond limits and imaginations in such short span of time. Does the power purchase agreement signed with the Vietnam national grid offer unrestrained protection for JHDP to remain profitable regardless?

The short answer given by sifu DK was "YES". He said JHDP will remain profitable as long as the power plant is in good operating conditions.

DK seems very confident on his research and knowledge of the power purchase agreement. However, if he is wrong, Jaks will suffer huge losses in its coming results. Is that the reason why its price is so depressed now ? Will the price stage a relief rally if DK is proven right ?

—-

>>>

Blog: Why Jaks Hai Duong Power plant made more money when coal price rocketed ? Explanation simplified !
2022-01-07 08:57 | Report Abuse
i3gambler, JHDP is guaranteed capacity payment for 25 years and capacity payment makes up 80% of the total tariff payment.

Posted by Johnchew5 > 2023-07-13 13:08 | Report Abuse

Hoho anyway thanks for your info on the Joint Venture contract.

Posted by Johnchew5 > 2023-07-13 13:10 |

Post removed.Why?

Posted by mickey77 > 2023-07-13 15:36 | Report Abuse

That Gotyou story is pure bull. Pure nonsense.

Posted by Johnchew5 > 2023-07-13 18:39 |

Post removed.Why?

Posted by Johnchew5 > 2023-07-14 06:00 | Report Abuse

Referred to FY23 , QR ended March 2023 :


a) Financial assets


Trade n other receivables 337,839,000


Cash and bank balances 24,102,000

Deposits placed with Banks. 41,630,000


total = 403,571,000


b) Financial liabilities


Loans and borrowings 511,117,000


Trade and other payables 477,080,000


Lease liabilities —


total = 988,197,000



a) - b ) = ( 584,626,000 )


—-



Share Capital : 1,074,143,000

Reserves . : 26,200,000


Accumulated Profit : 324,951,000 ( Audited as on December 2022 is RM 310,874 ,000 )


Non controlling interests : ( 61,658,000 )


Total equity : RM 1,363,636,000



—

Gearing Ratio : 37.5 %

Financial Cost : ( RM 5,723,000 ) / quarter

—-

Hoho hope the Financial Cost rate is not increasing : 

illustration: 

(5,723,000 ) X 4 / 511,117,000 = 4.48 %

Posted by Johnchew5 > 2023-07-14 06:02 | Report Abuse

Accumulated Profit : 324,951,000 ( Audited as on December 2022 is RM 310,874 ,000 )