Posted by PeterNg > 2017-04-21 09:44 | Report Abuse

April 20, 2017 19:34 pm MYT

KUALA LUMPUR (April 20): After being on the Main Board of Bursa Malaysia for close to nine years, loss-making steel manufacturer Perwaja Holdings Bhd will be de-listed on May 4.

Perwaja, which fell into PN17 status in November 2013, said it failed to submit its regularisation plan within the stipulated timeframe and subsequently had its application for time extension for submission rejected by Bursa.

However, if it files an appeal by April 28, the de-listing will be deferred pending the decision on the appeal, added Perwaja in a filing to the stock exchange.

The group said that upon its de-listing, it will continue to exist but as an unlisted entity.

“The company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the company’s performance,” it said.

However, the shareholders will be holding shares which are no longer quoted and traded on Bursa, it added.

For the second quarter ended Dec 31, 2016 (2QFY17), Perwaja’s net loss narrowed by 61.9% to RM62.91 million from RM164.96 million a year earlier. Revenue fell 56.2% to RM71,000 from RM162,000.

The quarterly report showed that the group’s short-term borrowings amounted to RM1.12 billion while long-term borrowings came up to RM276.34 million, bringing its total borrowings to RM1.4 billion.

Perwaja’s share price closed unchanged today at six sen, valuing the group at RM31.92 million.



http://www.theedgemarkets.com/article/ailing-steel-maker-perwaja-de-list-may-4

Posted by PeterNg > 2017-04-21 09:44 | Report Abuse

Like MAS.

Posted by aliyusof > 2017-04-21 09:48 | Report Abuse

Mas is at least in operations though it lost a lot of money. Perwaja has ceased operation for almost 4 years now. Hopeless lah

Posted by nelsoncs712 > 2017-04-21 10:03 | Report Abuse

if delisted, the share tat we hold, will it be useful when it listed on bursa in future?

Posted by Meli wang > 2017-04-21 10:52 | Report Abuse

Pro & Con.. Delist.. Is a school of thought.. But is businessman lost as normal.

Posted by goreng_kaki > 2017-04-21 11:52 | Report Abuse

delisted.....



haha



a lot people lose money liao

Posted by DONkisot > 2017-04-21 13:02 | Report Abuse

There is talk that Perwaja will make a last minute appeal and the delisting will be averted. For now there will just let the price tumble for some to collect low and later reap windfall. Now there is queue buy with high volumes at very low price for PERWAJA, PERWAJA-LA and PERWAJA-WA. Can someone identify these queue buyers. Because they are going to do the Wintoni and KFM acts - shooting up the price when we least expected. A steel company will not fail in this bullish time of high demand. Lets see after 4 pm if this panic selling is gonna stop and the market trend reverses.

Posted by DONkisot > 2017-04-21 13:04 | Report Abuse

A surprise takeover will occur at the eleventh hour for Perwaja.

Posted by traderdragon > 2017-04-21 16:01 | Report Abuse

will the Kinteel to be delist as well?

Posted by faralenz77 > 2017-04-21 17:24 | Report Abuse

at last Perwaja is dead

Posted by crazy127 > 2017-04-21 22:01 | Report Abuse

China Qinzy company take over Perwaja, can buy

Posted by Apollo Ang > 2017-04-21 22:12 | Report Abuse

china aborted to buy perwaja long ago

Posted by BlackRock > 2017-04-21 22:26 | Report Abuse

next week can see 0.005...

Posted by berjaya > 2017-04-22 07:43 | Report Abuse

If 0.02 drop to 0.01 is 50% is loss
0.02 drop to lowest price 0.005 "only" 75% loss

Why not wait at 0.005, no more can drop, hahaha
Ya, 0.02 may rebound little like yesterday but risk taker investors who
Brought at 0.04, 0.035 , 0.03 , 0.025 already in loss

If you think buy it very cheap think twice, easily make huge profit ? Or easily make huge loss ?

I personally think that is good for buyer dare to buy share, otherwise seller no way to sell share.

Now perwaja share in hot pan, not selling like hot cake.hahaha

Posted by faralenz77 > 2017-04-22 08:11 | Report Abuse

Dare not try. Kia si. Money is hard earned

Posted by aliyusof > 2017-04-23 05:43 | Report Abuse

Hard earned money. Advise do not speculate. 4 years also cannot restructure, think no way can do. If delisted, zero value to me.

Posted by Multibagger > 2017-04-23 09:51 | Report Abuse

http://m-bagger.blogspot.com.au/2017/04/leveraging-good-or-bad.html

Posted by crazy127 > 2017-04-23 22:58 | Report Abuse

will back to 0'14

Posted by DONkisot > 2017-04-25 08:49 | Report Abuse

PERWAJA will certainly rebound this week, staring from today. Now there is good queue for mother at 2 sen and for LA and WA at 0.5 sen. This shows that as reported insiders are planning a comeback during this one week period and the prices will follow the previous trajectoris of KFM, MQTECH, LIONX and WINTONI. Last minute announcement will be made.

Posted by pea3034 > 2017-04-25 09:23 | Report Abuse

crazy127,,, awak jadi bomoh lagi baik .. mana u tahu will back to 0.14 sen

Posted by crazy127 > 2017-04-25 10:51 | Report Abuse

Perwaja highest is rm7.30

Posted by Lambar > 2017-04-25 10:55 | Report Abuse

You will be losing 1 cents even you buy at 1 cents today. NTA in negative, it implies sold all of its assets still can resolved debt.

Posted by Lambar > 2017-04-25 10:56 | Report Abuse

Typo error CANNOT

Posted by 209291 > 2017-04-25 12:00 | Report Abuse

1 cent !!!

Posted by abdulrahim > 2017-04-25 14:42 | Report Abuse

the plant longtime collapse and no operation. You guys still here aa..

Posted by traderdragon > 2017-04-25 14:58 | Report Abuse

better dont buy PERWAJA... if can.. invest in KINSTEEL... as both management are similar.... i believe the management will ensure KINSTEEL to be survived... rather than funding on PERWAJA which is already seriouly ill....

Posted by winman > 2017-04-25 20:34 | Report Abuse

tomorro will go to 0.030?

Posted by Tycoon111 > 2017-04-25 20:37 | Report Abuse

Go to PN 17...Puntat Negro 17

Posted by pea3034 > 2017-04-25 23:20 | Report Abuse

winman tukang telik ke

Posted by winman > 2017-04-26 09:52 | Report Abuse

pea3034, sy bukan tukang telik, cuma penganalisis sj

Posted by Jenson Chong > 2017-04-26 17:59 | Report Abuse

praying like MH370.....amen

Posted by berjaya > 2017-04-27 07:06 | Report Abuse

Kindly remind perwaja shareholders
2 more day share trading until tomorrow if company can not get approval extension by SC.

Posted by 209291 > 2017-04-27 12:07 | Report Abuse

when will PERWAJA kena gantung lesen if they fail to pass SC ???

Posted by winman > 2017-04-27 12:12 | Report Abuse

mybe tomorrow will has good new...

Posted by winman > 2017-04-27 12:18 | Report Abuse

hari ini, masih ada ramai yg masuk. adakah ada apa2 berita baik.

Posted by Gn021 > 2017-04-27 21:39 | Report Abuse

i am so wonder, why still got ppl buying this stock ? Even if u can buy it on Rm 0.005, but this stock is no longer to trade at bursa, so what is the point those ppl buy this stock ? ultimately what they will get ? i saw still got many ppl queueing at there

Wtf

Posted by Gn021 > 2017-04-27 21:53 | Report Abuse

Are they mad ?

Posted by naim razak > 2017-04-27 22:38 | Report Abuse

Mybe they mad......mybe they know something we dont know

Posted by 209291 > 2017-04-28 09:23 | Report Abuse

bcz it will not delisted...

Posted by Gn021 > 2017-04-28 09:32 | Report Abuse

Will not delisted ????

Posted by Gn021 > 2017-04-28 09:33 | Report Abuse

http://www.klsescreener.com/v2/news/view/224431/%E5%BB%B6%E8%BF%9F%E9%87%8D%E7%BB%84%E9%81%AD%E6%8B%92%E6%81%90%E9%99%A4%E7%89%8C-%E6%9F%8F%E5%8D%8E%E5%98%89%E9%87%8D%E6%8C%AB64

Posted by traderdragon > 2017-04-28 13:45 | Report Abuse

buy buy buy... paper on going to SC... announcement soon

Posted by 209291 > 2017-04-28 14:06 | Report Abuse

Gn021...not gonna happen trust me :)

Posted by paperplane2016 > 2017-04-28 14:06 | Report Abuse

1 cent? OMG

Posted by berjaya > 2017-04-28 14:29 | Report Abuse

1 sen still ok , not 0.5 sen
Perwaja shareholders if brought share
5 day ago loss 81.82%
10 day ago loss 83.33%

Blood Bleeding ....

Posted by paperplane2016 > 2017-04-28 14:30 | Report Abuse

toilet paper liao

Posted by Gn021 > 2017-04-28 14:39 | Report Abuse

lol, not gonna happen ? haha, i prefer trust bursa announcement

Posted by paperplane2016 > 2017-04-28 14:42 | Report Abuse

0.005 is 50%, omg!

Posted by Gn021 > 2017-04-28 14:47 | Report Abuse

announcement come out adi

Posted by Gn021 > 2017-04-28 14:48 | Report Abuse

but unrelated with delisted