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
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
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.
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.
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.
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.
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,
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
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.
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
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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