MATERIAL LITIGATION INGENIEUR GUDANG BERHAD ("INGENIEUR" OR "THE COMPANY") - KUALA LUMPUR HIGH COURT CIVIL SUIT NO. WA-22NCC-519-07/2023 : HANWA CO. LTD (PLAINTIFF) V. INGENIEUR (DEFENDANT) INGENIEUR GUDANG BERHAD
Type Announcement Subject MATERIAL LITIGATION Description INGENIEUR GUDANG BERHAD ("INGENIEUR" OR "THE COMPANY") - KUALA LUMPUR HIGH COURT CIVIL SUIT NO. WA-22NCC-519-07/2023 : HANWA CO. LTD (PLAINTIFF) V. INGENIEUR (DEFENDANT) Reference is made to the Company’s announcements dated 27 September 2023, 5 October 2023, 27 November 2023, 21 February 2024, 13 March 2024, 15 April 2024, 28 May 2024, 6 June 2024 and 21 June 2024.
The Board of Directors of Ingenieur Gudang Berhad (“Board”) wishes to announce that during the case management held today via Zoom, the Court has given the following directions :-
Trial is fixed from 23 April 2025 to 26 April 2025 via Zoom; Parties to file witness statement by 21 March 2025; Parties are to consider to file in additional bundle of documents in respect of the accounts of the plaintiff and defendant respectively as at the date of the share sale purchase agreement; and The case management is fixed on 15 October 2024 via Zoom for parties to update on the additional bundle of documents. https://www.klsescreener.com/v2/announcements/view/7425249
QR out with EPS 0.43 sen and NTA 11.24 sen. PE only 3.58 even lower than i3 favourite YTL Power. Directors bought at 10 sen just 4 months ago. 4.5-5 sen who sell?
================= NOSH exceeded 1.5 BILLION shares due to directors frequent fund raising via massive share issuance to PP, ESOS, warrant conversion, etc resulting in dilution of shareholder equity % and EPS
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition
Run by sca**er. All line up at 5sen yesterday, line up at 4.5sen today. later they will line up at 0.005sen. run before loss all mony. Already cutloss. Stpid counter. Loss in here and warrant too
Game over already. They goreng till 0.065sen only. Now they will push the price down to 0.005 before apply for change name. Then they will do share consolidation 10:1, push the price down again before issuing right issue and the cycle repeat depend on the owner. They got the money from right issue from us. Better cutloss now or loss money and loss share after consolidation later
True ka? So 4 sen you sold? Chin Boon Long, Chan Swee Ying(major shareholders) this month bought at 5 sen and QR out still profit and net debts reduced.
Limch, I follow this kaunter from last year. Their shareholder, mdm chan and mr chin bought many share at price 14sen and above early this year. If by logic, they would not allow the price drop, but the price keep on dropping. So, this month they buy again at 5sen, i dont think they would push the price up. They just dont care the price. They already issue free warrant to replace dividend. So dont put too much hope. I sangkut at top. Buy at 10sen and got free warrant half from my share. But with current price, even with the warrant I still lost. Better cutloss before the price go to 2 or 3 sen. I smell consolidation is on the way just like what they did with their other stock
Newbie, they are related. Same with Classita. But the boss decide to left this stock behind. Maybe they dont want it and hope someone buy the stock. Classita already goreng, and MMAG fly high. Sell my warrant and mother already. Loss a bit. Better than waiting until the price drop to 3sen. Maybe can enter back if price drop to 3sen. Hopefully can do like Classita to 6sen and recover the loss.
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....
Shines
2,824 posts
Posted by Shines > 2024-07-22 17:29 | Report Abuse
I3 cannot translate, copy and click link