Posted by aliyusof > 2014-11-07 07:44 | Report Abuse

Settled debt already? RM1.3 billion debt for Perwaja, RM1.9 billion debt for Kinsteel, u said it is minor! Perwaja till now no operations for 18 months already and lost RM 950 million (like MAS), and cannot or dare not even submit their audited account to Bursa, u expect limit up? Joker

Posted by aliyusof > 2014-11-07 10:28 | Report Abuse

Look at trading volume last few days of Kinsteel and Perwaja...big sharks (sellers) are slowing feeding and drawing ikan bilis (buyers) out...mark my word today, ikan bilis and small fishes will get trapped.. next week will know

Posted by wintane > 2014-11-07 18:43 | Report Abuse

Dont simply say idiot yusof, the debt 1.3 bil already settle, u pls kept shut up if didnot know...

Posted by wintane > 2014-11-07 18:44 | Report Abuse

We hv working in Perwaja more 15 years, u at outsider, pls shut ur mouse Yusof

Posted by meivus_duo > 2014-11-07 20:10 | Report Abuse

http://www.theedgemarkets.com/my/article/perwaja%E2%80%99s-audited-net-loss-balloons-rm1217-billion-32-disparity-against-unaudited-sum

Posted by aliyusof > 2014-11-09 09:57 | Report Abuse

Wintane cannot even read latest P & L and balance sheet of these companies...no wonder he said the debt of RM1B settled already!

Posted by aliyusof > 2014-11-09 10:02 | Report Abuse

Someone is like an ostrich burying his head under the sand.... but can understand, sudah rugi teruk!

Posted by aliyusof > 2014-11-09 10:12 | Report Abuse

Please read latest audited account of Perwaja. Auditor has expressed "disclaimer of opinion", most serious statement. Look at the net current liabilities RM1B+, negative NTA RM1.4 per share, borrowing RM1B+, negative equity RM800m+ (completely wiped out capital and asset value). These are all public audited info. As investors, look at the facts and fundamental not get emotional.

Posted by spinninglotus > 2014-11-10 09:46 | Report Abuse

Perwaja has become too big to fail.

Posted by aliyusof > 2014-11-10 10:08 | Report Abuse

A matter of time unless huge cash injection.

Posted by aliyusof > 2014-11-10 14:05 | Report Abuse

Look at the huge selling volume! Passing over the hot potatoes ...ha ha

Posted by wintane > 2014-11-11 09:49 | Report Abuse

PERWAJA move up like as i said earlier, debt already settle

Posted by wintane > 2014-11-11 09:50 | Report Abuse

Aliyusof , IF DONT KNOW , dont say anything , PERWAJA is going up

Posted by aliyusof > 2014-11-11 11:36 | Report Abuse

Wait lah, major shareholders feeding your poison. U will regret and remembered i tell u today.

Posted by spinninglotus > 2014-11-11 12:51 | Report Abuse

Wintane has his points. I saw that in financial statements.

Posted by wintane > 2014-11-11 13:16 | Report Abuse

ALIYUSOF .... PERWAJA & KINSTEL already settle the debt , and the PERWAJA at GURUN is runnning business ..

Posted by kantchua > 2014-11-11 20:20 | Report Abuse

Good luck for perwaja.

Posted by kantchua > 2014-11-11 20:20 | Report Abuse

Good luck for perwaja.

Posted by aliyusof > 2014-11-12 11:59 | Report Abuse

Debt settled? Just look at latest audited account last wk: Borrowings (short n long term) for Kinsteel and Perwaja are still RM1.9B and RM1.3B under balance sheet. Also reported in Starbiz last week.

Posted by vroompower99 > 2014-11-12 12:26 | Report Abuse

wintane,

when is Perwaja going to start operation at Kemaman ?
are you working at Gurun or Kemaman ?

Posted by kawelegen > 2014-11-16 23:36 | Report Abuse

Really sad about what happened to the staff Perwaja Kemaman, last time I heard the staff only got paid RM450 per month. I hope the company can bounce back soon.

Posted by investor99 > 2014-11-24 00:26 | Report Abuse

債務或削降‧柏華嘉須覓新股東注資3億


點看全文: http://biz.sinchew.com.my/node/105945#ixzz3JuStAf3I
Follow us: @SinChewPress on Twitter | SinChewDaily on Facebook


（吉隆坡22日訊）負債累累的柏華嘉（PERWAJA,5146,主板工業產品組）呈交合理化計劃截止日為本月25日，消息指該公司正尋求展延3個月，以推出綜合重組計劃，並可能需要引進新策略投資者注入約3億令吉新資金，讓公司暫時度過難關。


消息說，這3億令吉用作重購原料、重新營運和完成鐵礦石球團廠；該公司也可能要求債權人削減22億令吉債務的攤還。


目前要大股東錦記鋼鐵（KINSTEL,5060,主板工業產品組）和MAJU集團出資並不容易，合理化計劃可尋求新投資者注入新資金。

或面臨清盤窘境

消息說：“除非進行重組，這家曾由政府擁有的公司，極為可能面臨清盤窘境。”

新大股東可能要求公司管理權，這樣一來現有股東結構會變動，管理層將會出現變更。

丹斯里方天興持有的錦記鋼鐵，現持有柏華嘉37.3%股權（未包括可贖回可轉換擔保債券可增加持股），丹斯里阿布沙希控制的MAJU集團則持股31.8%，後者也在錦記鋼鐵持股15.82%。

引進新大股東，可能讓方天興失去管理權。

不過，以現有的經商環境，引進大股東不容易，除非政府支持；同時，價格也是問題，一旦銀行同意減債，本地其他鋼鐵公司可能有興趣，因為柏華嘉的資產良好，只需要一位資金雄厚的股東，可以讓公司渡過現有困境，等鋼鐵業轉機。

柏華嘉位於登州甘馬挽鋼鐵廠自去年8月已經停止營運，情勢非常嚴峻。與此同時，柏華嘉仍付薪予2千名工人另加每月450令吉津貼，等待轉機。

然而，這樣苟延殘喘也難以為繼，因現金短絀，且債高於資產；截至6月30日該公司資產減至1億8千零900萬，目前負債則達19億令吉。

要求債權人削減攤還額

該公司有擔保債權者料對其8億5千萬債務削減20%，債券人為興業、渣打、華僑銀行和科威特金融機構（KFH）；無擔保債務料砍一半債務，這包括國油天然氣費2.75億、國能電費1.77億、政府2億，其餘2.45億令吉。

柏華嘉要續經營，還需供應商，諸如國油和國能支持。（星洲日報／財經）

Posted by investor99 > 2014-11-24 00:28 | Report Abuse

http://www.nanyang.com/node/664198?tid=462

传柏华嘉延迟呈重组计划
财经新闻财经 2014-11-23 11:15

（吉隆坡22日讯）消息指，由丹斯里方天兴掌舵的柏华嘉控股（PERWAJA，5146，主板工业产品股）已申请延迟3个月呈交重组计划。

《The Edge》引述知情人士报道，柏华嘉控股需至少3亿令吉购买原料重启厂房运作、完成铁矿石厂及偿还大约22亿令吉的债务。

位于登嘉楼甘马挽工厂，自去年8月后停止运作，为留住2000名员工，该公司每月每人补贴450令吉。

但截至6月，公司资产总值已跌至1亿8090万令吉，可能无法长久维持派发补贴报道称，柏华嘉控股抵押贷款达8亿5000万令吉，并会折扣20%偿还。当中，最大债主是兴业银行。

至于包含其他欠债和无抵押贷款，可能会要求折扣50%。当中最大笔是拖欠国油2亿7577万令吉的天然气供应费用及国家能源（TENAGA，5347，主板贸服股）的1亿7671万令吉电费。

“柏华嘉控股最大的问题是负债比资产总值高；钢铁价格波动大，你可以赚很多钱，又或最终只是为银行打工。”

他认为，若要拯救柏华嘉控股，贷款人必须接受贷款折扣的选择，否则公司将面临清盘，资产价值也会随之大贬。

Posted by reader > 2014-11-24 13:17 | Report Abuse

"Notis pemberhentian kerja" memo to the workers of Perwaja?

http://cipantapirtenuk.blogspot.com/2014/11/selamat-jalan-perwaja.html

Posted by wintane > 2014-11-25 10:48 | Report Abuse

Petronas invist 300 million is no problem

Posted by aliyusof > 2014-11-26 15:20 | Report Abuse

Sendiri cakap sendiri shiok! Orang sudah rugi teruk di kaunter ini....ha ha

Posted by aliyusof > 2014-12-01 15:19 | Report Abuse

PRACTICE NOTE 17 / GUIDANCE NOTE 3: REGULARISATION PLANPERWAJA HOLDINGS BERHAD
TypeAnnouncementSubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLANDescriptionPERWAJA HOLDINGS BERHAD (“PERWAJA” OR THE “COMPANY”) 

APPLICATION FOR EXTENSION OF TIME TO SUBMIT THE COMPANY’S REGULARISATION PLAN (“APPLICATION”)


On behalf of the Board of Directors of the Company, M&A Securities Sdn Bhd wishes to announce that the Company has on 11 November 2014 submitted the Application to Bursa Malaysia Securities Berhad (“Bursa Securities”). Bursa Securities had vide its letter dated 26 November 2014 informed that pending the decision on the Application, Bursa Securities will defer the suspension on the trading of the Company's securities and the de-listing of the Company in accordance with Paragraph 8.04(5) of the Main Market Listing Requirements of Bursa Securities.

This announcement is dated 26 November 2014.


Announcement Info

Posted by deepmarine > 2014-12-02 19:08 | Report Abuse

OMG

Posted by Michael Jong > 2014-12-03 18:35 | Report Abuse

Really??o_O

Posted by investor99 > 2014-12-04 00:59 | Report Abuse

why perwaja suspend the perwaja trading but lioncor no?

Posted by aliyusof > 2014-12-04 11:22 | Report Abuse

Not suspended yet, pending Bursa decision.

Posted by wintane > 2014-12-05 15:11 | Report Abuse

Perwaja empty , Lioncor have PARKSON backup

Posted by aliyusof > 2014-12-05 17:10 | Report Abuse

Wintane now talked sense..

Posted by wintane > 2014-12-11 15:46 | Report Abuse

aiyo , Perwaja last time is full , after Mahathir corrupted, now empty , so Mahathir feel insult and regret for few years , he will inf PETRONAS to injact 300million to save PERWAJA,

Posted by reader > 2014-12-11 22:00 | Report Abuse

Terengganu Wants Eastern Steel To Employ Perwaja Workers?
http://www.bernama.com/bernama/v7/ge/newsgeneral.php?id=1092859

Posted by wintane > 2014-12-12 10:44 | Report Abuse

Now perwaja gurun already stop operation, but subsidy RM500/MTH to the PERWAJA Gurun ..
until the PERWAJA settle all debts , it will continue operate the business

Posted by reader > 2014-12-12 14:13 | Report Abuse

"Perwaja to close shop, lay off 1,500"
see :http://www.nst.com.my/node/61776

So it is finally confirmed.

Posted by chilton30a > 2014-12-12 16:48 | Report Abuse

perwaja is a hopeless company waiting for bankrupt possession!!!!!!!!!!!!!!!

Posted by aliyusof > 2014-12-14 17:24 | Report Abuse

Wintane, wake up lah...

Posted by optimuss > 2014-12-14 17:25 | Report Abuse

2c

Posted by reader > 2014-12-15 20:29 | Report Abuse

We refer to the article titled “Perwaja to close shop, lay off 1,500” published by The New Straits Times on 12 December 2014.
The Board of Directors (“Board”) of Perwaja wishes to clarify that its wholly-owned subsidiary, Perwaja Steel Sdn Bhd (“PSSB”) has in fact ceased all material operations since August 2013 when its dry gas and electricity supplies were curtailed. Given the cessation of operations, PSSB intends to undertake a company-wide retrenchment programme for its employees (“Proposed Retrenchment Programme”).
As at the date of this announcement, PSSB has about 1,000 employees under its employment. All the employees have been informed on the Proposed Retrenchment Programme, and PSSB is currently undertaking a consultation process with the employees via their appointed representatives.
The financial impact of the Proposed Retrenchment Programme on Perwaja group can only be determined upon finalisation of the terms of the Proposed Retrenchment Programme, and which will be announced in due course.
This announcement is dated 15 December 2014.

Posted by reader > 2014-12-21 11:26 | Report Abuse

Perwaja management did not submit workers' salary deductions to income tax, EPF...?

http://www.utusan.com.my/berita/jenayah/bekas-pekerja-perwaja-buat-laporan-polis-1.39030

Posted by aliyusof > 2014-12-24 04:20 | Report Abuse

http://www.therakyatpost.com/business/2014/12/23/epf-sue-perwaja-steel/#.VJnN74ogkIk.mailto

Posted by aliyusof > 2014-12-24 05:51 | Report Abuse

https://www.google.com/url?sa=t&source=web&rct=j&ei=c-KZVKzHAoWNuATdtoLoCQ&url=http://www.utusan.com.my/berita/jenayah/bekas-pekerja-perwaja-buat-laporan-polis-1.39030&ved=0CCkQFjAG&usg=AFQjCNFgV5_Kor_zWmkt5NkIneSbn84Qxg

Posted by HowIn > 2014-12-25 15:25 | Report Abuse

perwaja will happen 奇迹？

Posted by spinninglotus > 2015-01-01 07:59 | Report Abuse

Good to hear that Pheng Chin Guan and Pheng Yin Wah are quiting Perwaja. New shareholder might join Perwaja anytime. Let us watch.

Posted by HowIn > 2015-01-01 16:44 | Report Abuse

when is the due date perwaja to submit restructure plan?

Posted by investor99 > 2015-01-02 08:45 | Report Abuse

kinstel give up on perwaja means game over for perwaja?

Posted by aliyusof > 2015-01-02 14:07 | Report Abuse

Yes

Posted by AyamTua > 2015-01-03 22:58 | Report Abuse

heard news - kinstel sudah cabut lari dari perwaja.. tunggu masa masuk ICU .. kasihan..potential ada tapi hutang berbillion kasi gigit.... tak tahan panas... satu periuk lingkup .... aiyoooo .... gua tarak beli .. komen saja kikikiki