This QR loss because low realized revenue, perhaps delay in closing account. But Qtr3 should be profitable because if you refer to QR2 report, trade +other receivable more than RM280M if you deduct trade + other payable, which means more revenues will be realized in Qtr3. Collect more.
PROPOSED ACQUISITION On behalf of the Board of Directors of the Company (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that on 24 August 2022, the Company had entered into a conditional share sale agreement with Dato’ Ng Aun Hooi, Ting Hing Khok and Ng Kok Kiang for the proposed acquisition of the entire equity interest in Midlands City Sdn Bhd for a purchase consideration of RM38.0 million (“Proposed Acquisition”).
Further details of the Proposed Acquisition are set out in the attachment below. This announcement is dated 24 August 2022
VIZIONE HOLDINGS BERHAD ("VIZIONE" OR THE "COMPANY") THE HIGH COURT OF MALAYA AT KUALA LUMPUR IN WILAYAH PERSEKUTUAN KUALA LUMPUR
COMPANIES ("WINDING UP") PETITION WITH NO: WA-28NCC-774-09/2022 FILED BY CEDY THIRD CONTRACTING AND TRADING (M) SDN. BHD. ("PETITIONER") AGAINST VIZIONE CONSTRUCTION SDN. BHD. ("RESPONDENT") The Board of Directors of Vizione wishes to announce that its wholly owned subsidiary, Vizione Construction Sdn. Bhd., had on 22 September 2022 received a Winding Up Petition dated 19 September 2022 and Affidavit Verifying Petition affirmed on 21 September 2022 from Ravindran, the Solicitors who act on behalf of Cedy Third Contracting And Trading (M) Sdn. Bhd. [Registration No. 201701029187 (1243356-K)] ("CEDY") to demand for an amount RM1,350,000.00 due owing to CEDY.
Please refer to the attachment for further details.
This announcement is dated 23 September 2022.
========= Possibly money flowing out again. When company funds run low, directors might raise more fund via shares issuance to PP, ESOS, RI
No such court case..its nvalid and wasting court time la.
Vizione takes the position that there is no default of the 11th instalment payment and no such outstanding sum of RM1,350,000.00 due and owing to CEDY as alleged. At the material times, an advanced payment of RM1,716,313.93 has been made to CEDY. Vizione has previously demanded CEDY to refund the advance payment of RM1,716,313.93. However, CEDY refused to do so. Vizione takes the position that Vizione is entitled to set-off the sum of RM1,716,313.93 with the balance sum due in the Partial Settlement Agreement including the 11th instalment sum. Further, Vizione also take the position that the letter from CEDY dated 26/7/2022 is not a valid statutory demand and the Winding Up Petition has no basis and is an abuse of the Court’s process. Vizione will seek legal advice and oppose the Winding Up Petition accordingly.
================ Be aware that directors have the power to propose shares consolidation to reduce the NOSH and then raise more fund via rights issue as well as continue with shares issuance to PP & ESOS in near future.
Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Show multi year losses, multi quarter losses 3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition 4. Directors utilise most of the fund raised 5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue 6. Repeat step 1 to 5
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....
Posted by Besafe > 2022-08-01 14:26 | Report Abuse
Fund raising to make the quarterly report look nice but once fund raising over, back to red. This Ng better resign la. Hahaha