Posted by maimunah > 2020-08-06 11:12 | Report Abuse

Bursa may give more time to firms to submit PN17/GN3 regularisation plan
KUALA LUMPUR (Aug 6): Bursa Malaysia Bhd will consider granting a further extension of time for companies, which triggered the criteria of Practice Note 17 (PN17) and Guidance Note 3 (GN3) from Jan 2, 2019 to Dec 31, 2020, to enable them to submit their regularisation plans to the Securities Commission (SC) or the exchange after the 24-month grace period.
Nevertheless, this would only be done on a case-by-case basis and based on the requirements made by the companies to Bursa Malaysia.
The local stock exchange operator said it is cognisant that the COVID-19 pandemic would have a material impact on the efforts and ability of PN17/GN3 companies to regularise their financial condition.
"As such, we have introduced a relief measure on March 26, 2020, whereby companies that trigger any of the criteria of PN17/GN3, between Jan 2, 2019 and Dec 31,2020, are accorded a longer period of 24 months, instead of the existing 12 months, to submit their regularisation plans to the SC or the exchange.
"The exchange will consider granting a further extension of time (more than 24 months) if required on a case-by-case basis, taking into account the justifications and material developments at that point of time," Bursa Malaysia told Bernama in an email interview recently.
Meanwhile, additional relief measures were also announced on April 16, 2020, whereby Bursa Malaysia said companies that triggered any of the suspended criteria between April 17, 2020 and June 30, 2021, would not be classified as a PN17 or GN3 company for 12 months.
This aims to provide a greater flexibility to the affected listed companies to focus on sustaining their businesses and operations and regularise their financial condition thereon.
"After the 12-month period, the affected listed companies will be required to re-assess their condition to see if it continues to trigger any of the criteria of PN17 or GN3.
"If it continues to trigger any of the said criteria, then they will be classified as PN17 or GN3 and will be required to comply with the obligations," it said.
PN17 classification involves financially distressed companies that are listed on Bursa Malaysia's Main Market, while GN3 status refers to distressed companies that are listed on the ACE Market.

Posted by maimunah > 2020-08-06 11:13 | Report Abuse

Six companies trigger PN17/GN3 criteria
Six companies, which accounted for 0.67 per cent of the total listed companies on Bursa Malaysia, have triggered the suspended criteria of PN17 and GN3 as at July 28, 2020.
That consisted of five Main Market listed companies and one ACE Market listed company, respectively, according to Bursa Malaysia.
"Apart from AirAsia Group Bhd, four other Main Market companies that have triggered the suspended criteria of PN17 as at April 17, 2020 were, namely Gets Global Bhd, Ikhmas Jaya Group Bhd, Khee San Bhd, and Cymao Holdings Bhd, while Bahvest Resources Bhd has triggered the suspended criteria of GN3," it said.
However, Bursa Malaysia said these companies would not be classified as PN17/GN3 companies, and would not be required to comply with the obligations under the paragraph/Rule 8.04 and PN17 or GN3 of the listing requirements for 12 months, following the relief measures announced by the exchange on April 16, 2020.
To record, Bursa Malaysia said 23 companies had been classified under PN17 and three companies under GN3 as at July 28, 2020, representing 2.89 per cent of the total companies listed on the local exchange during the period.

Posted by maimunah > 2020-08-06 11:13 | Report Abuse

Relief measures will uplift companies from PN17/GN3 status
Commenting on Bursa Malaysia’s relief measures, Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said they would help companies to be uplifted from the PN17/GN3 status, thus enabling them to increase the threshold for new issue of securities to facilitate and expedite fundraising.
Under one of the relief measures announced on April 16, 2020, a listed issuer can now increase the general mandate threshold for new issue of securities from the existing 10 per cent to not more than 20 per cent of the total number of issued shares.
However, Adam reckoned that should COVID-19 remain unresolved, cash preservation is one of the key steps that companies should take to be uplifted from the PN17/GN3 status.
He said it could also be done via prudent management of capital expenditure, especially in regard to expansion plans.
“We do not discount the possibility of more companies falling into such status (by year-end), especially companies that depend on the global supply chain amid the resurgence of COVID-19 cases worldwide which may prompt another series of lockdown.
“Sectors that are vulnerable include manufacturing that rely on exports and the global supply chain,” he said, while advising companies to manage their working capital more prudently and perhaps, restructure debt with financial institutions if it is over-geared.

Posted by georgethefirst > 2020-08-06 15:40 | Report Abuse

Macam LONBISC, same boss same fate.

Posted by STILLMAN > 2020-08-10 12:15 | Report Abuse

white knight coming. Stay tune

Posted by Jeffreyteck > 2020-08-14 09:34 | Report Abuse

After warned london biscuits 3 years ago which ultimately gone. Est this follows the same path. ST trading play. LT ---ve.

Posted by duitKWSPkita > 2020-08-16 17:25 | Report Abuse

Kheesan will kheesiao again!!!!










Kheesan will kheesiao again!!!!











Kheesan will kheesiao again!!!!











Kheesan will kheesiao again!!!!

Posted by apple1999 > 2020-08-18 15:37 | Report Abuse

no volume, what happen

Posted by Jeffreyteck > 2020-08-20 08:04 | Report Abuse

Still well supported despite knowing potentially like london biscuits.

Posted by Jeffreyteck > 2020-08-26 14:09 | Report Abuse

Soon be a cash rich co after successfully suing bankers.

Posted by lee_m2020 > 2020-08-26 20:08 | Report Abuse

what was the case?

Posted by bnmacai > 2020-08-27 02:55 | Report Abuse

Haha. Kheesan become kheesiao. Suka2 then sue, like it’s free to engage a lawyer

Posted by CUTLOST > 2020-09-09 20:23 | Report Abuse

No volume..

Posted by apple1999 > 2020-11-03 17:01 | Report Abuse

coming? slowly up

Posted by michaeso > 2021-01-15 20:44 | Report Abuse

Good luck everyone

Posted by TayorMayor > 2021-02-10 21:39 | Report Abuse

Lets go guys... im all in

Posted by hisaishi > 2021-02-10 21:39 | Report Abuse

breakout..fuh2

Posted by WealthSoWonderful > 2021-02-12 05:45 | Report Abuse

Fuallahmak

Posted by WealthSoWonderful > 2021-02-12 05:45 | Report Abuse

Why drop back down

Posted by WealthSoWonderful > 2021-02-12 05:45 | Report Abuse

Why retreat again

Posted by WealthSoWonderful > 2021-02-12 05:46 | Report Abuse

Supposed to break 32.5 resistance already maah

Posted by WealthSoWonderful > 2021-02-12 05:46 | Report Abuse

How can like this one leh

Posted by WealthSoWonderful > 2021-02-12 05:47 | Report Abuse

What la

Posted by WealthSoWonderful > 2021-02-12 05:47 | Report Abuse

Apa daah

Posted by WealthSoWonderful > 2021-02-12 05:47 | Report Abuse

Now got to wait some more la

Posted by WealthSoWonderful > 2021-02-12 05:48 | Report Abuse

Nia mah hai

Posted by WealthSoWonderful > 2021-02-12 05:48 | Report Abuse

Diu nia sing

Posted by WealthSoWonderful > 2021-02-12 05:49 | Report Abuse

Volume also not very strong la

Posted by Peterloh1 > 2021-03-08 16:36 | Report Abuse

anyone stuck at this counter?

Posted by Jeffreyteck > 2021-03-29 19:03 | Report Abuse

Anticipated the day will come when London bridge fell.

Posted by caonima > 2021-06-02 18:36 | Report Abuse

holland qr

Posted by Linda91 > 2021-06-03 16:34 | Report Abuse

who stuck at this counter

Posted by Yu_and_Mee > 2021-06-05 17:04 | Report Abuse

Another potential Lonbisc, Serbadk family member

Posted by imvu > 2021-09-05 22:31 | Report Abuse

0.175 menarik ?

Posted by imvu > 2021-09-10 21:24 | Report Abuse

0.150 murah murah ?

Posted by imvu > 2021-09-14 17:37 | Report Abuse

0.150 bottom , sudah boleh accumulate .

Posted by Jackpot888 > 2021-10-15 09:25 | Report Abuse

why spike so much ?? will out of wood s ?

Posted by imvu > 2021-10-15 10:00 | Report Abuse

:)

Posted by Westeros > 2021-10-15 11:45 | Report Abuse

I feel 0.30 cents comingggg

Posted by RRWin89 > 2021-10-18 10:55 | Report Abuse

park dulu. hehe.

Posted by RRWin89 > 2021-10-22 08:51 | Report Abuse

yeay. nice news

Posted by Moneyguru > 2021-11-19 14:34 | Report Abuse

Run while u can…. PN17

Posted by RRWin89 > 2021-11-19 15:32 | Report Abuse

i think its obvious khee san will head to PN17 sooner or later. Question is wether merger with mamee will hapoen or not. haha

Posted by RRWin89 > 2021-11-19 15:32 | Report Abuse

such nice brand of candy, kinda go to waste if totally discontinue. :D

Posted by Moneyguru > 2021-11-19 15:55 | Report Abuse

Mamee is totally out…. They went in & gave KS a final rape…. Then ran off

Posted by Westeros > 2021-11-23 11:20 | Report Abuse

he Board of Khee San Berhad is pleased to announce that on 21 November 2021, Khee San Marketing Sdn Bhd, a wholly owned subsidiary company had entered into a Memorandum of Understanding ("MOU") with Jannafarm Sdn Bhd (Company No. 1391006-K) with a registered office located at 201, Blok 1, Laman Seri Business Park, Persiaran Sukan Seksyen 13, 40100 Shah Alam, Selangor Darul Ehsan on a joint venture basis for the research & development, manufacture, market and sell the Black Ginger based candy.



The MOU also provides the foundation and structure for the proposed binding agreement which will be accomplished by an execution of joint venture agreement to be undertaken by both Parties. The duration of the MOU is six (6) months effective from the date of signing and may be modified and extended for a further period as may be agreed in writing by the Parties.



This announcement is dated 22 November 2021

Posted by whistlebower99 > 2023-02-10 09:38 | Report Abuse

Ta Win Holdings Bhd’s managing director Datuk Seri Ngu Tieng Ung has emerged as Khee San Bhd’s largest substantial shareholder. This came after Khee San director Datuk Mohamad Razali Mohamad Rahim ceased to be the candy maker’s major shareholder on Thursday, having offloaded all 22.8 million shares, or a 16.667% stake, by way of a direct business transaction at 13 sen apiece, or RM2.97 million in total. Ngu bought that block of shares through Timur Enterprise Sdn Bhd, raising his stake in Khee San to 16.754%. This makes Ngu the single largest shareholder of Khee San, while founder of security seal manufacturer Mega Fortris Malaysia Sdn Bhd, Datuk Dr Ng Meng Kee, holds a 12.42% stake.

===============
Will KheeSan become another high NOSH penny stock like TA WIN via share issuance to RI, PP, ESOS and asset acquisition from friendly parties?

Current NOSH = 137,280,000 (for future reference)

Posted by UnicornP > 2023-04-28 20:16 | Report Abuse

This stock got potential or not?

Posted by kritikos > 2024-05-09 23:04 | Report Abuse

hmm, datuk ng meng kee is out. i guess he needs to focus on his own company ipo. balik balik, still say the regularisation plan is pending bursa approval.... when will bursa approve it?

Posted by Balian de Ibelin > 3 weeks ago | Report Abuse

All money gone.

Exactly like Serba case.