Posted by cheapisgood > 2015-05-18 22:29 | Report Abuse

I bought one lorry today. Come sell 1.5sen to me tomorrow.

Posted by cck8999cck8999 > 2015-05-19 00:02 | Report Abuse

sell all your belonging to buy hubline .good , carry on buying.

Posted by cck8999cck8999 > 2015-05-19 00:38 | Report Abuse

pls buy all the pn17 n call warrant trade at 0.005cents .because cheap is good.

Posted by cheapisgood > 2015-05-19 05:15 | Report Abuse

Hubline is not yet PN17 and not call warrant. Call warrant can expire worthless but not Hubline. Hubline still got a lot of ships they can sell for money.

Posted by cck8999cck8999 > 2015-05-19 08:47 | Report Abuse

that so many lori of hubline syer q at 2cent .pls buy , because cheap is good .

Posted by Mohd Fadli Mohd Shariff > 2015-05-19 09:09 | Report Abuse

http://www.thesundaily.my/news/1334211

19/5/15 Hubline to exit n P17ed

Posted by Ring > 2015-05-19 09:36 | Report Abuse

PETALING JAYA: Shipping company Hubline Bhd will discontinue its container shipping operations and exit the industry by the end of the financial year ending Sept 30, 2015, a move which will see it become a Practice Note 17 company.

The successful execution of its exit from the business is estimated to see the group take a one off hit of RM350 million to its income statement for the financial year ending Sept 30, 2015.

In a filing with Bursa Malaysia yesterday, Hubline said the container shipping division contributes some 79% to revenue and is deemed a major portion of the group's overall shipping business.

"(The move to exit the container shipping industry will push the group into PN17 status) despite the fact that the container shipping division is also the 'major' contributor to the groups cost of operations.

Posted by cck8999cck8999 > 2015-05-19 09:53 | Report Abuse

tis was 19 feb old story , everbody knew . pls post the latest new.

Posted by Jolin Lai Chi Pet > 2015-05-19 12:24 | Report Abuse

Still have hopes................. don't give up!!!! coming up good news, going to surprise all of u!!!

Posted by cck8999cck8999 > 2015-05-19 12:39 | Report Abuse

from 30 cents down to 1.5 cent past 7 years . still have hope , what shit is this , go eat shit.

Posted by vngirl > 2015-05-19 12:57 | Report Abuse

got good news? sure or not?

Posted by Shacks > 2015-05-19 12:59 | Report Abuse

Kena pn17 edi woh...

Posted by cck8999cck8999 > 2015-05-19 13:08 | Report Abuse

the Lai Chi Pet supporter lose so much of money . because of tis CHi Pet company . BEWARE THE Lai Chi Pet.

Posted by vngirl > 2015-05-19 13:17 | Report Abuse

Extension of Restraining Order under Section 176(10A) of the Companies Act, 1965
in relation to Hub Shipping Sdn. Bhd., a wholly-owned subsidiary of HUBLINE BERHAD

Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the Company's announcements dated 18 February 2015 and 23 February 2015 in respect of the grant of the Restraining Order.

The Board of Directors of Hubline Berhad ("the Company" / "the Group") wishes to announce that the High Court of Sabah and Sarawak at Kuching had, on 15 May 2015, granted Hub Shipping Sdn. Bhd., a wholly-owned subsidiary of the Company, an extension of the Restraining Order under Section 176(10A) of the Companies Act, 1965 for a further period of 90 days and upon the conditions stated therein.

The Company is continuing to make good progress in its restructuring program since the announcement on 18 February 2015 that the Group will exit the container shipping industry. As a requisite to the success of planning and implementing the restructuring program, the extension of the Restraining Order for Hub Shipping Sdn. Bhd. is required to enable the Company to maintain focus on the winding down of the container shipping operations of the Group, ensuring that creditors of the Company related to the container division are dealt with efficiently, as well as to prevent potential litigations or proceedings which may adversely affect the restructuring currently undertaken by the Group.

The Restraining Order is not expected to have any material impact on the financial and operational matters of HUBLINE Group.

This announcement is dated 15 May 2015.

Posted by vngirl > 2015-05-19 13:17 | Report Abuse

any hope?

Posted by 5459lyt > 2015-05-19 14:53 | Report Abuse

Still got hope...Jolin ...wait and see

Posted by george99 > 2015-05-19 15:35 | Report Abuse

Any hope...?

Posted by 11223344 > 2015-05-19 19:53 | Report Abuse

VERY SOON 0.05 SEN SALES BUT NO BUYERS

Posted by cck8999cck8999 > 2015-05-19 20:24 | Report Abuse

is 0.005 cent not 0.05 cents . 11223344

Posted by norman bh > 2015-05-19 21:12 | Report Abuse

Very soon 0.15 sen and 0.01 sen only hope is bankcrupt

Posted by vngirl > 2015-05-20 13:20 | Report Abuse

0.015 now :(

Posted by Meli wang > 2015-05-20 23:35 | Report Abuse

the counter is very funny. average volume\ 7,177,016 but no move//

Posted by cck8999cck8999 > 2015-05-21 11:28 | Report Abuse

u question very funny too.

Posted by Jolin Lai Chi Pet > 2015-05-21 12:36 | Report Abuse

don't worry, the director are in collecting mode!!!!!!!!!!

Posted by cck8999cck8999 > 2015-05-21 13:47 | Report Abuse

collecting from 30cents to now 0.015 cent from last 7 years . what shit is tis , u Lai Chi Pet something wrong somewhere ?

Posted by kleboy > 2015-05-21 19:24 | Report Abuse

Continue buy or surrender to die. Buy more the price drop more. Is really high risk investment. Nobody can assure is bankrupt but is dragging.

Posted by norman bh > 2015-05-22 16:37 | Report Abuse

Daracula on the loose drinking blood.every month wihout fail

Posted by nicholai1983 > 2015-05-23 11:58 | Report Abuse

i think can buy and keep a bit

Posted by nicholai1983 > 2015-05-23 12:00 | Report Abuse

20,000 unit only 400 plus. ok la. lost also nvm. win ma happy lor

Posted by LaoTze > 2015-05-23 12:41 | Report Abuse

Jolin Lai Chi Pet
cck8999cck8999
may i have your kakao`s ID

Posted by free2rhyme0628 > 2015-05-25 10:33 | Report Abuse

only thing to cheer on this counter, staying aside in the bloodbath this morning like nobody business

Posted by cck8999cck8999 > 2015-05-25 11:53 | Report Abuse

that 16.000 syer holder in tis hubline , ataying aside ?

Posted by SAMSOON8688 > 2015-05-25 17:14 | Report Abuse

Tabung Haji stil 3.68 % share inside,why share price 0.02sen only???

Posted by crybaby000 > 2015-05-25 18:56 | Report Abuse

tabung haji ta reti invest.. itu high 5 delisted bpe byk th rugi.. dia x kesah punya

Posted by cck8999cck8999 > 2015-05-25 19:15 | Report Abuse

SEMBILAN EKOR LEMBU PUNYA satu bulu saja .apa susah untuk TABUNG itu. kacang putih.

Posted by cck8999cck8999 > 2015-05-27 15:48 | Report Abuse

tis Lai Chi Pet hubline sinking . last done 0.015. hubline is SOHAI JOLIN LAI CHI PET COMPANY.

Posted by cck8999cck8999 > 2015-05-27 16:00 | Report Abuse

all the lai chi pet supporters everday nightmare because of tis CHi PET counter.

Posted by is861001 > 2015-05-27 20:03 | Report Abuse

lai che pet sudh hilang ka?

Posted by norman bh > 2015-05-29 09:42 | Report Abuse

June 0.01.july 0.05 then byyyyy

Posted by SAMSOON8688 > 2015-05-29 15:21 | Report Abuse

GO GO GO!!!

Posted by cck8999cck8999 > 2015-05-29 15:30 | Report Abuse

go go go to sink ? ? ?

Posted by kenneth89 > 2015-05-29 17:24 | Report Abuse

wow.. loss 300 million

Posted by SAMSOON8688 > 2015-05-29 18:32 | Report Abuse

GO HOLLAND.

Posted by cck8999cck8999 > 2015-05-29 19:32 | Report Abuse

Lai Chi Pet company on the way sinking . bye bye tis Chi Pet hubline.

Posted by stteck > 2015-05-29 22:22 | Report Abuse

No way, another 1XXX, debt ridden company, fUnd rising is just to settle their debts

Posted by cheapisgood > 2015-05-29 22:27 | Report Abuse

Hubline to raise about RM94m, 2Q net loss widens

By Sulhi Azman / theedgemarkets.com | May 29, 2015 : 8:27 PM MYT

KUALA LUMPUR (May 29): Loss-making logistic firm Hubline Bhd — which in February announced it was exiting the container shipping business — has proposed a rights issue and a private placement that are expected to raise about RM93.99 million.

Its filing with Bursa Malaysia this evening showed the rights issue may raise about RM64.82 million, while the remainder RM29.17 will be raised via the private placement.

Hubline said the gross proceed of RM93.99 million was based on the assumption of 1 sen per share for both the rights issue and private placement.

Hubline said 51% or RM48 million of the proceeds raised will be used to repay debt, while 46% or RM43.65 million will be used as working capital; the remaining 3% or RM2.34 million will be channelled to corporate exercise expenses.

On the completion of the fund raising exercises, group total borrowings are expected to drop 21.3% to RM176.75 million, from RM224.7 million currently, it said.

On the rights issue, Hubline said it plans to issue 6.842 billion shares on the basis of two rights share for each existing share (2-for-1), together with 1.62 billion warrants on the basis of one warrant for every four rights shares (1-for-4).

Prior to the rights issue, Hubline plans to reduce the par value of its shares by cancelling 19 sen from the current 20 sen.

“The proposed par value reduction will give rise to a credit of approximately RM618.4 million, which will be utilised to offset accumulated losses. The remaining balance, if any, shall be credited to the capital reserves of the company,” Hublin said in the filing.

As at March 31, 2015, Hubline’s accumulated losses stood at RM576.61 million.

Subsequent to the rights issue, Hubline will offer up to 2.917 billion shares — equivalent to 30% of its enlarged issued and fully paid-up capital — for the proposed private placement to selected investors.

Hubline said it will fix the issue price at a discount of not more than 10% of its five-day volume weighted average price, or not lower than 1 sen per share.

The group expects to complete the corporate exercises by the first half of 2016.

To recap, Hubline had on Feb 18, announced its intention to exit the container shipping business by discontinuing its container shipping operations that were being carried out by its wholly-owned unit, Hub Shipping Sdn Bhd, and various other subsidiaries.

To-date, Hubline (fundamental: 0.2; valuation: 0.9) said it has incurred about RM353.72 million in exit cost, including impairments and losses that were booked in its latest results for the second quarter ended March 31, 2015 (2QFY15).

In a separate filing today, Hubline said its net loss in 2QFY15 has widened to RM369.33 million, from a net profit of RM2.01 million in 2QFY14, on a 51% plunge in revenue to RM44.996 million, from RM91.78 million previously.

For the cumulative six months ended March 31, 2015 (6MFY15), Hubline’s net loss expanded to RM375.19 million, from a net profit of RM5 million 6MFY14, on a 41% slump in revenue to RM108.87 million, from RM184.45 million previously.

Going forward, Hubline said its decision to exit the loss-making shipping division is expected to benefit the group in the medium to long term.

“With the winding down of the container shipping division, the anticipated costs to the income statement will result in the group incurring losses for FY15,” Hubline added.

The stock has fallen 63.64% from 5.5 sen on Sept 15, 2014, to close at 2 sen today, shrinking its market capitalisation to RM64.8 million.

Posted by HowIn > 2015-05-29 23:28 | Report Abuse

very wondering wan set the right price at hw much? currently swim in between 0.02 to 0.015..
dont tell me sell at 0.005? hahaha
next monday may happen big drop.. see u at 0.01. haha

Posted by DDK > 2015-05-29 23:32 | Report Abuse

what will happen if ignore the right issue

Posted by cck8999cck8999 > 2015-05-30 00:30 | Report Abuse

Lai Chi Pet will fully support the right syer to avoid ignore.kikiki hahaha

Posted by taktaumacammana > 2015-05-30 21:00 | Report Abuse

Pls support the counter
Lai Chi Pet!