Posted by SUMATECRM1 > 2017-03-01 21:23 | Report Abuse

why no volume

Posted by Kris Wong > 2017-03-16 11:00 | Report Abuse

Directors/management take own sweet time to dispose remaining assets to continue enjoy fat directors fees at the expense of minority shareholders !!!

Posted by Kris Wong > 2017-04-02 12:27 | Report Abuse

Gaji Buta to Directors/Management for past 1 year or is it even longer !!!

Posted by Kris Wong > 2017-04-05 14:53 | Report Abuse

Ya, WTF & TNS to the Directors/Management !!!

Posted by jack8 > 2017-04-18 09:46 | Report Abuse

wait!wait!wait! How long we need to wait? how do we keep track on it?

Posted by Kris Wong > 2017-04-18 12:27 | Report Abuse

Wait till the cows come home while the WTF & TNS directors continue enjoying their buta 'fat' fees at the expense of minority shareholders !!!

Posted by Kris Wong > 2017-04-26 09:12 | Report Abuse

Another Buta RM2.2 Million to group Directors' remuneration for FY2016 !!! Shameless Blood suckers !!!

Posted by Kris Wong > 2017-05-11 09:58 | Report Abuse

Every recent years I voted against the Directors' remuneration during the AGM and every years they still rewarded themselves excessively while doing next to nothing !!! Where is their fiduciary duties to the minority shareholders ? Shameless bloody blood suckers !!!

Posted by ccy123 > 2017-05-15 11:09 | Report Abuse

when are they return the balance? anyone attended their recent AGM?

Posted by AK2899 > 2017-05-15 20:35 | Report Abuse

Bursa also cannot see the announcement any more what the ....

Posted by Kris Wong > 2017-06-14 11:18 | Report Abuse

Directors/Management still enjoying their Gaji Buta ? Shameless bloody blood suckers !!!

Posted by AK2899 > 2017-06-26 01:34 | Report Abuse

stupid Directors/Management still enjoying Gaji Buta !
any update when will they return the money to us ?

Posted by firehawk > 2017-06-26 02:06 | Report Abuse

Bursa shouldn,t remove those announcements ... the de-listing terms still not fully materialized, still not completed yet :(

Posted by king36 > 2017-06-26 05:49 | Report Abuse

Many years ago Promet was in the same situation and SHs got nothing despite their assets.

Be very careful!

Posted by Kris Wong > 2017-07-12 15:29 | Report Abuse

Too late to careful now as company already DELISTED !!! Minority shareholders continue to be at the mercy of those useless 'Gaji Buta' Directors/management who take own sweet time to suck as much as possible the company money and assets !!!

Posted by Stead > 2017-07-13 17:22 | Report Abuse

Who attended the AGM held in April?

Posted by AK2899 > 2017-08-07 03:17 | Report Abuse

stupid abric changed new company secretary , we cannot do anything ?

Posted by firehawk > 2017-08-21 17:12 | Report Abuse

receive nothing since delisted ....

Posted by taitaumau > 2017-10-26 20:11 | Report Abuse

Good News
*************
Abric is disposing its sub. co. - Abric Properties S/B

- Hopefully, the disposal is to facilitate company liquidation
- Detailed circular to shareholders to be issued in due course

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5583213

Posted by CharlesT > 2017-10-26 21:01 | Report Abuse

Should hv rm20m+ for distribution at the end as they still hv few millions cash left..

May be able to get rm0.10 to rm0.15 i think

Posted by Investors21 > 2017-10-27 01:02 | Report Abuse

Finally they dispose their assets. Anyone have idea how much is the share capital now?

Posted by firehawk > 2017-10-27 09:22 | Report Abuse

taitaumau, thks, how u find this one? co-incident?

this sale can generate 13sen+ /share ;-)

Posted by lextcs > 2017-10-27 09:32 | Report Abuse

we must make a report to the SC and BURSA against abric...prior to their delisting the payout was not in accordance to the standard practice. If abric is still a going concern then whatever proceeds or bizness left in the company is still attributal to its shareholders. In this case if the proceed of this sales can be distributed back to the shareholders.

Posted by lextcs > 2017-10-27 09:37 | Report Abuse

means directors of abric is taking us for a ride...last time they only gave us back 49c per share or something like that.

Posted by lextcs > 2017-10-27 09:38 | Report Abuse

all the abric shareholders must form up a taskforce to demand answers from sc bursa and abric directors. SUE THE DAYLIGHTS OUT OF THEM!!!

Posted by firehawk > 2017-10-27 09:47 | Report Abuse

according to the de-listing terms, will distribute to shareholders lah!

Posted by AK2899 > 2017-10-29 19:43 | Report Abuse

Total number of share = 141,904,374

Posted by Kris Wong > 2017-10-30 14:43 | Report Abuse

Any other assets left after proposed disposal of Abric Properties ? Detailed Circulars when ?

Posted by Kris Wong > 2017-10-31 11:34 | Report Abuse

Total no. of shares still o/s should be around 147,182,000. Net book value of Abric properties was RM15.3m but sold higher at RM19.3m under SPA

Posted by AK2899 > 2017-11-14 19:40 | Report Abuse

stupid director don't just dragging and delay take gaji buta since now shareholder won't know anything, ABRIC director don't take gaji buta.......

Posted by Kris Wong > 2017-11-20 08:26 | Report Abuse

Directors sleeping again !!!

Posted by lextcs > 2017-11-20 08:58 | Report Abuse

anyone who still holds abric shares must write a complaint letter to bursa, SC, and ROC. When these bgers received too many of these letters then only then they will move their butt to act against the zzzz abric owners,

Posted by AK2899 > 2017-11-20 18:04 | Report Abuse

lextcs mind to share out the email address out here so that we can know which channel to write the complaint letter . tq

Posted by kngchoong1958 > 2017-11-22 17:27 | Report Abuse

Go to http://www.mswg.org.my/complaint

Posted by AK2899 > 2017-11-23 15:31 | Report Abuse

TQ KngChong1958,

Below is what i got reply from them

First, thank you for writing to MSWG.

I refer to the announcement below which is clear and ARIC was delisted as at 3rd March 2017.

This announcement is dated 28 February 2017.

Reference is made to the Company’s announcement dated 18 January 2016 (“Initial Announcement”) and its subsequent announcements thereafter in relation to the Proposals. Reference is also made to the Company’s circular dated 20 April 2016 (“Circular”) and notice to shareholders dated 15 July 2016 (“Notice”) in relation to the Proposals.

Unless otherwise defined, all capitalised terms used in this announcement shall have the same meaning as defined in the Initial Announcement, Circular and Notice.

On behalf of the Board of Directors of ABRIC, AmInvestment Bank wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 28 February 2017, informed that:-
1.Bursa Securities has granted the Company an extension of time to defer the suspension and delisting of ABRIC Shares up to 2 March 2017 to accommodate the completion of the Proposals; and
2.Following the completion of the Distribution which is in compliance with Paragraph 8.03(9)(b) of Bursa Securities’ Main Market Listing Requirements (“Listing Requirements”) and pursuant to Paragraph 16.11(1)(b) of the Listing Requirements, the entire issued and paid-up share capital of ABRIC will be removed from the Official List of Bursa Securities with effect from 9.00 a.m., Friday, 3 March 2017.

I wish to refer to your enquiry of the management of the Company would still be in the hands of the Board of Directors and rights of shareholders would be under the Companies Act 2016 ("CA").
A delisted entity would no longer be subjected to the Listing Requirements on reporting and disclosures. However, the company would still be subject to the provisions of the CA 2016, mainly calling an EGM/AGM for shareholders' approval when undertaking any restructuring etc....They still need to convene an AGM for its annual accounts and shareholders must make it a point to attends and query the Board and Management. The rightful authority on these statutory matters would be Companies Commission of Malaysia ("CCM").

As far as to your enquiries on their future direction and plans, it is the responsibilities of the Board of Directors. Shareholders including Minority Interests ("MI") like yourself can question the BOD in the AGM on the activities of the company for an explanation or latest developments.

MI has to comply with the requirements of the CA 2016 if they want to call for an EGM for a specific purpose. These rights would best be taken upon getting an advice from a Corporate Lawyer.
As to its strategy to offer an exit, it would be the decision of the substantial shareholders or other prospective investors/white knight if any etc these are matters of the BOD and Company upon receiving such offer/proposals.

I hope I have address your enquiries and if you need further clarifications you can call me at 20709090 ext 120.

Posted by kngchoong1958 > 2017-11-23 16:40 | Report Abuse

Thks AK2899, so we hv to wait for the next AGM and we shld all make special effort to attend to question the BOD about our $$$.

Posted by lextcs > 2017-11-23 16:46 | Report Abuse

very big thank you for those who have written any form of letter to any relevant parties. We should keep this up. todays bfm there is this woman talking about MSWG being there for we minority shareholders. Keep the pressure up.

sometime not long ago we suddenly received a cek from maxis...all bcoz someone took up the case against it. We should be united fighting corporate crooks.

Posted by AK2899 > 2017-11-24 22:00 | Report Abuse

yeap agree, we all minority share holder should stand up fight for our own benefit and ask what job still pending and how many "gaji" already angkat.....since we are boss , they should report to us kekeke

Posted by Kris Wong > 2017-12-06 15:03 | Report Abuse

Where is the detailed circular for sale of Abric Properties plus EGM ??? Pray that sale is not rescinded due to tardiness of Abric's directors !!!

Posted by taitaumau > 2017-12-07 11:59 | Report Abuse

BREAKING NEWS for shareholders

EGM scheduled to be held on 27th December, 2017, Wednesday, 10 am
at Bukit Kiara, Kuala Lumpur

Further details, please contact the Registrar Tricor Investor Tel:03-27839299

Posted by Investors21 > 2017-12-11 01:54 | Report Abuse

EGM this month end? Seriously?

Posted by Kris Wong > 2017-12-14 10:36 | Report Abuse

EGM for company to use sales proceeds for new business ventures and not to return to shareholders esp the minority ones as promised earlier !!! Never trust the directors who been enjoying 'Gaji Buta' for more than a year and now want to continue with their own selfish agenda !!! Please vote against new business proposal n insist on return of money as previously promised as the company is now no more listed with no protection to minority shareholders !!!

Posted by AK2899 > 2017-12-14 13:35 | Report Abuse

WTF ?? now proposed new investment management advisory services to makan our 0.05 ? 15M wtf wtf ???

Posted by Kris Wong > 2017-12-14 14:52 | Report Abuse

N childcare business, try kidding me !!! Shameless, what experiences have the fu****g directors in such 2 new ventures ! Just fund the business on their own if they want n return $ to us as we don't want to invest in a delisted company with fishy directors !!!

Posted by Kris Wong > 2017-12-14 15:02 | Report Abuse

Lodged complaints simultaneously with MSWG, Bursa & SC today !!! & will vote against the proposed 2 new ventures on 27 December !!!

Posted by taitaumau > 2017-12-14 15:31 | Report Abuse

All minority shareholders shall unite together to vote against new businesses. Hopefully , Mr. Pui , the largest shareholder (per 2015 AR) can help to protect our minority interests.

Posted by lextcs > 2017-12-14 15:46 | Report Abuse

good...what happened to the land deal?

Posted by Kris Wong > 2017-12-14 17:33 | Report Abuse

Landed properties to be sold to GDEX but blood sucking Directors want to use it as risk capital for their 2 new so-call ventures to further siphon out the money into their pockets !!!

Posted by AK2899 > 2017-12-14 20:27 | Report Abuse

abric director 欺骗小股东的血汗钱，生孩子没屁股！

Posted by taitaumau > 2017-12-14 23:49 | Report Abuse

With reference to circular issued to shareholders dated 20/4/2016, prior to delisting of the company

The following are some relevant extractions for perusal:

(A) RATIONALE OF THE PROPOSALS (Page 5)

In view that there is no assurance that the Company will be able to regularise its PN16 condition in the near future, and it has been more than one (1) year since the receipt of proceeds from the Major Disposal, the Board is of the opinion that it is in the shareholders’ interest to distribute the Company’s assets back to its shareholders. The Proposed Distribution represents an expedient way to distribute substantially all the Company’s cash reserves back to its shareholders.

(B) IMPLICATION OF THE PROPOSED DISTRIBUTION AND PROPOSED DELISTING TO THE
SHAREHOLDERS OF ABRIC (Pages 6 & 7)

(i) In the Initial Announcement, it was announced that upon completion of the Proposed Distribution
and the Proposed Delisting, the Board intends to sell the remaining assets of ABRIC and
voluntarily wind-up ABRIC. To clarify, the said intention of the Board is preliminary, and shall be
subject to various aspects and the actual circumstances given at the relevant time, including,
without limitation, any present or future obligations or viable opportunities presented or offered to
the Company which the Board shall take into consideration before deciding on the appropriate
measures to be undertaken by the Company post implementation and completion of the
Proposals. Such measures may or may not include, amongst others, the liquidation or sale of the
Company. The approval of shareholders and/or the necessary regulatory authorities will be
sought, if required.


(ii) At this point in time, the Board has not made any plans for ABRIC going forward. The Board will
only be in a position to make plans to go forward after the shareholders’ decision for the
Proposals is known. Assuming the Proposals are approved by shareholders and implemented
and completed, the Board shall consider, among others, the market conditions and the options or
opportunities available to ABRIC at that material point in time which could include the orderly
disposal of the remaining assets in the Company.

(iii) Should the Board decide post-completion of the Proposals that liquidation or winding-up of the
Company is the most appropriate measure to be undertaken by the Company, the Company will
dispose of and realise the assets (in particular, the assets set out in Section 5(a) above) of the
ABRIC Group before initiating the winding-up procedures in accordance with the Act. Subject to
the orderly disposal and realisation of the assets of the ABRIC Group, the Company would
thereafter be wound-up voluntarily by way of special resolution.

(iv) In the case of a voluntary winding-up, the Board would make a Declaration that ABRIC can pay
its debt in full within a period of twelve (12) months from the date of commencement of windingup
by lodging the Declaration with the Registrar of Companies in accordance with Section 257 of
the Act. The Board must convene an EGM at a date not more than five (5) weeks from the date
when the Declaration is made, and the resolution for voluntary winding-up and the resolution for
appointment of a liquidator will be tabled to the shareholders for approval at the said EGM to be
convened. Upon approval of the shareholders, the liquidator will notify his appointment to the
relevant parties and commence the liquidation process by winding-up the affairs of the Company,
and making the relevant payment and distributions accordingly. The entire process of members’
voluntarily winding-up could take up to a period of twelve (12) months.


In view of the latest development, my doubts on the main intention of the BOD in the said circular:-

(1) Whether are there any intention on the part of BOD to mislead shareholders into believeing
that the company will be winding-up post completion of proposals.
(2) Whether acquisition of proposed businesses fits in the exemption clause (B) (i) above

What say u