At 21th AGM Question: Please provide an update on the status of subscribing the additional 10% stake in JHDP. Is JRB planning for a cash call (right issue) to subscribe the additional 10% of JHDP?
Answer: We have received several financing proposals from Singaporean financial institutions and currently negotiating the terms.
We wish to clarify that we do not intend to undertake a cash call exercise to subscribe the 10% option. At present, we have received several financing proposals from Singaporean financial institutions and currently negotiating the terms
Stock [JTIASA]: JAYA TIASA HOLDINGS BHD Announcement Date 12-Jul-2024 Reference No CS2-12072024-00007 Substantial Shareholder's Particular: Name GENINE CHAIN LIMITED Details of Changes: Currency - Date of Change Type Number of Shares 09-Jul-2024 Disposed 48,700 Registered Name Genine Chain Limited Nature of Interest Direct Interest Nature of Interest Direct Interest Shares Ordinary Shares Reason Disposal through open market Total no of securities after change Direct (units) 60,746,264 Direct (%) 6.28 Indirect (units) 0 Indirect (%) 0.00 Total (units) 60,746,264 Total (%) 6.28 Date of Notice 12-Jul-2024
Is someone with 6.28% considered as major shareholder?
Let's see whether it can go to 20 cents within this week or two. I raised the most the questions to the management team in the last AGM. So I will give them a benefit of doubt. Risk is there with 10-15% downside but upside of 100%
major catalysts are:- (i) repatriation of at least RM200m from its JV (ii) maiden dividend payment (iii) successful off court settlement with the Star (iv) investment properties no longer burning cash
Question: Please provide the status of each ongoing legal case.
Answer: The latest status of the legal dispute between Star Media Group Bhd and JAKS Resources Bhd over a land development in Section 13, Petaling Jaya, has been sent back to the High Court for trial. The Federal Court dismissed Star Media’s appeal against the 2021 Court of Appeal decision, which reversed a 2020 High Court summary judgment. The trial is scheduled for August 25, 2025, and Star Media must pay RM150,000 in costs to JAKS Resources.
Notwithstanding the above, we hope to settle the case amicably out of court.
Mike-tikus is a conman and a low IQ conman, his lies and intentional misinformation is so easy for people to see through and he is still very proud of his lies/slander/intentional misinformation.
Total receivables impairment for the last 5 years amounted to RM167 million and reversal of impairment amounted to RM13.6 million make up total net impairment of RM153.5 millon.
i already raised tons of questions and concerns to the directors. i done my best as the shareholder. now is the turn for the directors to savage on the issues and shortcomings. But I think the light is at the end of tunnel
worst outcome we still can see upside of at least 20% to 24 cents. best outcome it could go at least 100%. Notwithstanding this, we can see downside of 10-15% but with upside of at least of 100%. worth the risk
with countries like Vietnam & Malaysia ramping up on the building of AI data centers, they need more energy consumptions. we shall see the boom for companies like JAKS. stay tune. don't sell your chips cheaply
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....
Mikecyc
47,016 posts
Posted by Mikecyc > 2024-07-15 10:57 |
Post removed.Why?