Extremely weird property purchase. I’d visited the property when the original founder of Kumpulan Powernet wanted to cash out (which resulted in Karim buying the company and changing the name to Kpower)
There is absolutely no capital appreciation for that property that I can think of. Dynaciate should explain more about what they intend to do. I fear something fishy…..
Just my thots. Hopefully there’re some solid concrete plans…
When a company requests for PRivate Placement, it shows they want to make the price drop as the bloody directors will dilute their shares.. So this counter will drop to 0.002.. This Lien Ho group is full of cheating and they deserve something soon.. Fcuk
Appreciate an update to your website because apparently your company have moved to a new premise and the person that answered my call do not know what is your new office number. Even your share registrar is clueless. I have a business proposal that Dynaciate may be interested to explore. Thank you.
Kindly be advised that the aforesaid Company has changed its name to "INGENIEUR GUDANG BERHAD". As such, the Company’s securities will be traded and quoted under the new name with effect from 9.00 a.m., Wednesday, 3 August 2022
================== Previous name most of the years, making losses, no good feng shui ? But directors continue to receive salary and payment
Change name, but retain same directors will make a difference ?
IMO, this company is targeting the ECRL line with its recent lands acquisition in area like bentong and nilai. If done right, should be good investment.
Tan Sri Dato Seri Mohd Khairul Adib last served as the Director-General of Public Service before retiring from the Malaysian Civil Service in January 2022. Prior to that, he was the Secretary-General of the Ministry of Transport. Tan Sri Dato Seri Mohd Khairul Adib began his career in the civil service in 1988 and has served various ministries over the period spanning 34 years including at the Ministry of Science, Technology and Environment, Ministry of Education and Malaysian missions in Tokyo and London. He has served on various Boards including Employee Provident Fund, Inland Revenue Board, Kumpulan Wang Persaraan (Diperbadankan), MAVCOM, Prasarana Malaysia Berhad, Keretapi Tanah Melayu Berhad, Malaysia Airports Holding Berhad, Konsortium Pelabuhan Kemaman Sdn Bhd, Malaysian Maritime Academy Sdn Bhd, Malaysia Rail Link Sdn Bhd, MyHSR Corporation Sdn Bhd, Prasarana Malaysia Berhad, Bintulu Port Authority, Port Klang Authority, Johor Port Authority, Pelabuhan Tanjung Pelepas Sdn Bhd, Railway Assets Corporation, Northern Gateway Sdn Bhd, Razak School of Government and Bukit Kayu Hitam Development Sdn Bhd. In January 2022, Tan Sri Dato Seri Mohd Khairul Adib was conferred the Japanese Decoration, The Order of the Rising Sun, Gold and Silver Star by the Emperor of Japan. He holds a Bachelor of Science (Hons.) and has a Postgraduate Diploma in Public Management. He also studied Public Policy from Saitama University, Japan under Japanese Government Scholarship. Tan Sri Dato Seri Khairul Adib bin Abd Rahman is currently the Chairman of Civil Aviation Authority of Malaysia (CAAM), Malaysian Qualifications Agency (MQA) and MMAG Holdings Berhad. He also sits on the Board of Westport Holdings Berhad.
INGENIEUR GUDANG BERHAD (formerly known as Dynaciate Group Berhad)("IGB" or "the Company")
PROPOSED PRIVATE PLACEMENT OF UP TO 465,560,600 NEW ORDINARY SHARES IN INGENIEUR GUDANG BERHAD (FORMERLY KNOWN AS DYNACIATE GROUP BERHAD)(IGB OR COMPANY) (IGB SHARES), REPRESENTING UP TO 40% OF IGB SHARES IN ISSUE (EXCLUDING TREASURY SHARES, IF ANY) (PROPOSED PRIVATE PLACEMENT)
=============== Be prepared for directors to continue to raise fund via share issuance to PP investors PP investors get to buy at discounted prices Long term shareholders have their shareholding equity % diluted
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) INGENIEUR GUDANG BERHAD
Particulars of substantial Securities Holder Name MMAG HOLDINGS BERHAD Address NO. 3, JALAN TP 2, TAMAN PERINDUSTRIAN UEP SUBANG JAYA, SUBANG JAYA 47600 Selangor Malaysia. Company No. 200301007003(609423-V) Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Details of changes 1 31 Mar 2023 100,000,000 Disposed Direct Interest Name of registered holder KENANGA NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR MMAG HOLDINGS BERHAD Address of registered holder LEVEL 15, KENANGA TOWER 237 JALAN TUN RAZAK 50400 KUALA LUMPUR WILAYAH PERSEKUTUAN Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Disposal of shares via Direct Business Transaction Nature of interest Direct Interest Direct (units) 182,917,790 Direct (%) 17.631 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 182,917,790 Date of notice 31 Mar 2023 Date notice received by Listed Issuer 31 Mar 2023
Directors doing massive fund raising via massive share issuance to PP
PROPOSED PRIVATE PLACEMENT OF UP TO 467,185,600 NEW ORDINARY SHARES IN INGENIEUR ("INGENIEUR SHARES") ("PLACEMENT SHARES"), REPRESENTING UP TO 40% OF INGENIEUR SHARES IN ISSUE (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED 40% PRIVATE PLACEMENT")
No. of shares issued under this corporate proposal 170,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0801 Latest issued share capital after the above corporate proposal in the following Units 1,207,730,186 Listing Date 05 May 2023
On behalf of the Board, TA Securities wishes to announce that the Board has, on 18 May 2023 (“Price-fixing Date”), resolved to fix the issue price at RM0.0801 per Placement Share (“Issue Price”).
The Issue Price represents a discount of RM0.0199 or approximately 19.90% to the 5D-VWAP of the ordinary share of the Company (“Ingenieur Share”) on 17 May 2023, being the last market day before the Price-fixing Date, of RM0.1000 per Ingenieur Share.
INGENIEUR GUDANG BERHAD (FORMERLY KNOWN AS DYNACIATE GROUP BERHAD) ("INGENIEUR" OR "COMPANY") PROPOSED 40% PRIVATE PLACEMENT
On behalf of the Board, TA Securities wishes to announce that a total of 64,000,000 Placement Shares based on the issue price at RM0.0801 each as announced on 18 May 2023 will be allotted to the placee in due course.
=================== Directors doing more fund raising via share issuance to PP Directors get access to more money in company fund PP investors likely to make quick profits from lower issue price
Retail investors get more dilution to their shareholding equity % and EPS NOSH continue to rise toward 1.5 BILLION shares PA = 90,226,220 WA = 83,441,696
==================== Expect more shares to be issued based on proposed 40% Private Placement
===================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
On behalf of the Board, TA Securities wishes to announce that a total of 86,936,800 Placement Shares based on the issue price at RM0.0770 each as announced on 30 May 2023 will be allotted to the placees in due course.
================== Directors collect more money for company fund PP investors can make some profits from the low issue price of RM0.0770 Retail shareholders will have dilution of shareholding equity and EPS, if any
NOSH = 1,296,730,186 will increase by 86,936,800 shares
PROPOSED PRIVATE PLACEMENT OF UP TO 467,185,600 NEW ORDINARY SHARES IN INGENIEUR ("INGENIEUR SHARES") ("PLACEMENT SHARES"), REPRESENTING UP TO 40% OF INGENIEUR SHARES IN ISSUE (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED 40% PRIVATE PLACEMENT")
===================== Directors continue fund raising via share issuance to lucky selected PP investors Win-win activity; Directors get to collect more money to use; Instant profits for undisclosed PP investors Dilution of shareholding equity % and EPS to other shareholders, most affected are retail shareholders
NOSH = 1,383,666,986 set to increase further with more fund raising via shares issuance PA = 90,226,220 WA = 83,441,696
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) INGENIEUR GUDANG BERHAD
Particulars of substantial Securities Holder Name MMAG HOLDINGS BERHAD 1 12 Jul 2023 113,600,000 Transferred Direct Interest
2 12 Jul 2023 113,600,000 Transferred Direct Interest Name of registered holder HONG SENG CAPITAL SDN BHD PLEDGED SECURITIES ACCOUNT FOR MMAG HOLDINGS BERHAD
3 13 Jul 2023 22,000,000 Disposed Direct Interest Name of registered holder KENANGA NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR MMAG HOLDINGS BERHAD
Transfer and Disposal of shares via Direct Business Transaction
Direct (units) 154,417,790 Direct (%) 11.16 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Date of notice 14 Jul 2023
Notice of Person Ceasing (Section 139 of CA 2016) INGENIEUR GUDANG BERHAD
Particulars of Substantial Securities Holder Name MMAG HOLDINGS BERHAD Name of registered holder HONG SENG CAPITAL SDN BHD PLEDGED SECURITIES ACCOUNT FOR MMAG HOLDINGS BERHAD Date of cessation 14 Jul 2023 No of securities disposed 113,600,000 Disposal of shares via direct business transaction Date of notice 14 Jul 2023
================= Changes in Director's Interest (Section 219 of CA 2016) INGENIEUR GUDANG BERHAD
Particulars of Director Name MADAM CHAN SWEE YING 1 14/07/2023 113,600,000 Acquired Direct Interest Name of registered holder KENANGA NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR CHAN SWEE YING Acquisition of shares via Direct Business Transaction Nature of interest Direct Interest Direct (units) 113,600,000 Direct (%) 8.209 Date of notice 17/07/2023 https://www.klsescreener.com/v2/announcements/view/5347233
================= Right hand to left hand transaction ?
INGENIEUR GUDANG BERHAD (formerly known as Dynaciate Group Berhad) ("INGENIEUR" or "the Company") - PROPOSED PRIVATE PLACEMENT OF UP TO 465,560,600 NEW ORDINARY SHARES IN INGENIEUR ("INGENIEUR SHARES"), REPRESENTING UP TO 40% OF INGENIEUR SHARES IN ISSUE (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT")
to initiate an upward move, we need someone with a large capital to do it....so if someone, does not matter who, wants to push the price up (ala goreng), certainly I would welcome it with glee....so lets the excitement begins ...can bo
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....
anthonytkh
1,799 posts
Posted by anthonytkh > 2022-06-14 19:21 | Report Abuse
Extremely weird property purchase. I’d visited the property when the original founder of Kumpulan Powernet wanted to cash out (which resulted in Karim buying the company and changing the name to Kpower)
There is absolutely no capital appreciation for that property that I can think of. Dynaciate should explain more about what they intend to do. I fear something fishy…..
Just my thots. Hopefully there’re some solid concrete plans…