Posted by supernova > 2015-07-15 11:03 | Report Abuse

i still hope the pn17 can be lift faster

Posted by Emma72 > 2015-07-15 11:14 | Report Abuse

Huat Huat Huatttttt arrrrrr!!!!

Posted by supernova > 2015-07-15 11:17 | Report Abuse

undervalued stock, FV should be around rm1

Posted by Jenniewong > 2015-07-15 11:23 | Report Abuse

It will push up !!! sit tight !!!

Posted by contraplay > 2015-07-15 11:37 | Report Abuse

perwaja will reopen at least 5 sen higher than yesterday. good news for those bought before closing yesterday.

Posted by contraplay > 2015-07-15 11:38 | Report Abuse

china co. zhiyuan taking a step closer to turn around this company. watch our for reborn perwaja.

Posted by Emma72 > 2015-07-15 11:44 | Report Abuse

If Kinsteel can raise 10%, anything less then 6 sen for Perwaja will be a disappointment given their sell down prior to suspension. But since it is a revival company, holding it for mid to longer term will see a much better return.

Posted by popcorn > 2015-07-15 13:56 | Report Abuse

@ Emma72. 0.35 tmr opening price? wow!

Posted by Jenniewong > 2015-07-15 14:23 | Report Abuse

China's Tianjin Zhiyuan to inject RM1.8b into Perwaja

KUALA LUMPUR: China’s Tianjin Zhiyuan Investment Group Ltd will inject about RM1.8bil into the loss-making Perwaja Holdings Bhd under a corporate exercise which will see it emerging as a major shareholder.

Perwaja and its unit Perwaja Steel Sdn Bhd (PSSB) had on Wednesday signed a conditional master framework agreement with Zhiyuan’s unit Zhiyuan International Investment & Holding Group (Hong Kong) Co., Limited.

The agreement was to formalise the parties’ intention and understanding in relation to the proposed regularisation of the Perwaja Group.

Under the corporate exercise, Zhiyuan will subscribe for Perwaja’s entire proposed special issue amounting to RM1.80bil, and provide irrevocable written undertaking to Perwaja to subscribe for its entitlement of up to RM100mi under the proposed rights

Zhiyuan will own more than a 33% stake in Perwaja initially and increase to 64% upon completion of the exercise.

The current shareholders of Perwaja, Kinsteel Bhd and Maju Holdings Sdn Bhd will see their collective shareholding reduced to 25% from the 64% now.

Posted by JL09 > 2015-07-15 14:24 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/07/15/China-company-to-inject-funds-into-Perwaja/?style=biz

Posted by Emma72 > 2015-07-15 14:34 | Report Abuse

popcorn....we can get ready to pop the pop corn liao.....Not RM400m as initially agreed! it is now RM1.8b.....

Posted by supernova > 2015-07-15 14:47 | Report Abuse

kesian those grab @ 33c

Posted by cherry88 > 2015-07-15 15:01 | Report Abuse

http://www.theedgemarkets.com/my/article/perwaja-inks-agreement-china-firm-eyes-turnaround-fy16

Posted by cherry88 > 2015-07-15 15:01 | Report Abuse

The BIG 1 is coming.............. Good news...turnaround FY2016....Right Issue with warrants, no capital reduction....

Posted by Double10 > 2015-07-15 15:04 | Report Abuse

yes no capital reduction...hooray!!!

Posted by paperplane2 > 2015-07-15 15:07 | Report Abuse

use ur brain. boycott this type out lousy company

Posted by popcorn > 2015-07-15 15:08 | Report Abuse

oh yeah! lucky manage to get some @ 0.285 yesterday.

Posted by supernova > 2015-07-15 15:25 | Report Abuse

still early, lulz

Posted by Dylan1027 > 2015-07-15 15:29 | Report Abuse

so what's the expect open price tomorrow?

Posted by supernova > 2015-07-15 15:52 | Report Abuse

33c looks possible

Posted by Emma72 > 2015-07-15 15:52 | Report Abuse

I bought at 30.5 yesterday : ( but manage to get somemore during closing at 28 : )

Posted by supernova > 2015-07-15 15:53 | Report Abuse

dai hard fansi, respect

Posted by cherry88 > 2015-07-15 16:06 | Report Abuse

With good prospect..........Limit up soon......Conglate...the Chinese company also gain from currency exchange as the Ringgit depreciate a lot ...they have make some indirect gain....and will pour back in the stock......

Posted by koi koh > 2015-07-15 16:16 | Report Abuse

casino, if u made consider yourself lucky

Posted by assaultsethu > 2015-07-15 17:24 | Report Abuse

Can buy tomorrow? What's the tp?

Posted by muarkia > 2015-07-15 17:48 | Report Abuse

this perwaja market cap only RM150mil but zhiyuan inject RM1.8bil in it???!!! chinaman really rich! Will there be a few limit ups? =0=''

Posted by Nightkids > 2015-07-15 18:25 | Report Abuse

Tomorrow this counter show with kinsteel?.....

Posted by popcorn > 2015-07-15 18:30 | Report Abuse

market cap only RM150mil but zhiyuan inject RM1.8bil in!

Posted by fatty_tang > 2015-07-15 18:37 | Report Abuse

with that money they can straightaway takeover the whole company

Posted by runnerman > 2015-07-15 18:56 | Report Abuse

0.5 tp...goreng mode

Posted by runnerman > 2015-07-15 18:57 | Report Abuse

Who fast grab will be winner

Posted by runnerman > 2015-07-15 18:57 | Report Abuse

I rasa kinsteel not up so much

Posted by Bilis Bilis > 2015-07-15 19:04 | Report Abuse

Bilis Bilis Bilis Bilis http://klse.i3investor.com/blogs/HOT%20NEWS/79943.jsp
China Man Inject 1800 mil vs 300mil(original value)!!! 6time higher than expected !!! will limit up?

---------------------------------------------------------------------------------------------

IF IF IF IF this logic (1800 mil vs 300mil) is applicable here in this manner, than Perwaja shoud have 6 limit ups on relisting and market revaluation.... the PN17 Perwaja is practically DEAD, in fact the corpse have STENCHED FOR YEARS-----, no power supply,no workers,no markets, no CASH.all the court cases plenty of unpaid debts, such a crippling financial drains to Malaysian govt & Trengganu State Petro Fund, TNB & Banks

Malaysian have not seen this sort of white-knight $$ (1800m) in our lives.so cannot appreciate this. So the Malaysian brains works suspiciously...the only thing we can understand and was educated is "the Jho Low & 1MDB MiddleEast OilPrince & the missing (1000) millions"....

We have NOT understood well why English, German, Australian would go against American's objection to join China AIIB & for its 2 belts infra-structure projects

So we are NOT educated to understand that this price-recoveries is only the beginning :
6X0.30=1.80
15/07/2015 18:47

Posted by newcomer123 > 2015-07-15 19:48 | Report Abuse

so its mean this counter could go up to??

Posted by mwong3 > 2015-07-15 20:39 | Report Abuse

I am go all way out for this stock... before it announce and you can check out my blog

Posted by contraplay > 2015-07-15 21:13 | Report Abuse

limit up 2x already enough. i hv 46,000 units bought at 0.288.

Posted by Ravi Kumar > 2015-07-15 21:13 | Report Abuse

Bilis2 my friend good call from you !!!! So many Negative comments here will disappear wakakaka

Posted by contraplay > 2015-07-15 21:14 | Report Abuse

even limit up one time will go to 0.580 that is enough to make RM13,000. what a jackpot

Posted by spinninglotus > 2015-07-15 21:46 | Report Abuse

Suspicious! Suspicious! Suspicious! A China company willing to inject billions of ringgit into Perwaja but refused to take over Perwaja....Suspicious! Suspicious! Suspicious!

Posted by spinninglotus > 2015-07-15 21:49 | Report Abuse

Par value of RM1 of Perwaja to be reduced to 5 cents. Share base is increased multifold...Assing rm1 per share,0.05 after exercise, share numbers will be increased multifold...This is utterly as crazy as China Share market crash...As crazy as China share market 50% counter suspend trading...this is really crazy.

Posted by spinninglotus > 2015-07-15 21:52 | Report Abuse

Perwaja is net worth negative rm1. For every share you buy at 30cents, you owe RM1 debt, enjoying RM1.30 price for each share, with zero profit until March2017.

Posted by spinninglotus > 2015-07-15 21:55 | Report Abuse

Now China company is willing to inject RM1 per share, that is a beautiful story to trick retail investors to buy all Perwaja shares at very high price. China company sell shares,Pheng Chin Guan and Pheng Yin Wah sell shares,Abdul Sahid sell shares, selling Perwaja until zero shares, all debt transferred to retail investors, by then agreement terminated, Perwaja plans abandoned, running away fast fast!!!

Posted by spinninglotus > 2015-07-15 22:00 | Report Abuse

Imagine if I invest RM1 billion into a company, then I told everybody I have no intention to take over your company 100%. This sounds like I am crazy, agree or not? This is exactly what the China Man company said in the "Master Plan Agreement". Or it is "Master Plan" to trick retail investors Kao Kao? You guys think about it yourself.

Posted by Vincent Wong > 2015-07-15 22:01 | Report Abuse

For short term only

Posted by cherry88 > 2015-07-15 22:32 | Report Abuse

Finally, the BIG news has arrived. I don't expect 6x limit up, but 2x is "no problem"......

Posted by cherry88 > 2015-07-15 22:33 | Report Abuse

Target is 90 sen.....

Posted by Mars > 2015-07-15 22:58 | Report Abuse

Steel 'cheaper per tonne than cabbage' in China as iron ore hits six-year low

http://www.theguardian.com/business/2015/jul/09/steel-cheaper-per-tonne-than-cabbage-in-china-as-iron-ore-hits-six-year-low

Posted by mwong3 > 2015-07-15 23:57 | Report Abuse

http://klse.i3investor.com/blogs/KLSETA/79954.jsp

Posted by Emma72 > 2015-07-15 23:57 | Report Abuse

Cherry88 i not so greedy...80 sen I run Liao : )

Posted by BRAVOZULU > 2015-07-16 00:09 | Report Abuse

tomorrow sure gap up. q buy 40 cent now.