7080 PERMAJU PERMAJU INDUSTRIES BHD Additional Listing Announcement /Subdivision of Shares 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Rights Issue Details of corporate proposal : RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,055,337,076 NEW ORDINARY SHARES IN PERMAJU INDUSTRIES BERHAD ("PERMAJU" OR "THE COMPANY") ("PERMAJU SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.07 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 5 NOVEMBER 2021 No. of shares issued under this corporate proposal : 959,813,224 Issue price per share ($$) : 0.0700 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 1,922,063,077 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 439,166,993.240 Listing Date : 06/12/2021 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Malaysia’s automotive industry has embarked on the journey towards Energy Efficient Vehicles (EEV) since 2014. EEV is defined as vehicles that meet a set of defined specifications in terms of carbon emission level (g/km) and fuel consumption (l/100km).
What is the market size of Malaysia electric vehicle market? Malaysia Electric Vehicle Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 27% % from 2020 to 2027, reaching US$ XX Mn. Malaysia Electric Vehicle Market Overview Malaysia wants to motivate buyers of electric vehicles & other energy-efficient vehicles.
Is there still time for Malaysia to catch up on EVs? One is the current categorisation of EVs, which foreign automakers find confusing and lacking in clarity. Despite the foot dragging, Putrajaya believes there is still time for Malaysia to catch up and is formulating a specific policy for the EV industry as part of the National Automotive Policy 2020 (NAP2020).
What does nap2020 mean for the EV industry in Malaysia? Although there was no specific policy for the EV industry in NAP2020, NanoMalaysia Bhd, an agency tasked with facilitating the commercialisation of R&D and industrialising nanotechnology in the country, has been working full-time to facilitate the adoption of nanotechnology in other industries.
Can EV turn around the (mis)fortune of Permaju and Focus ... https://focusmalaysia.my/can-ev-turn-around-the... 10/11/2021 · Permaju’s Tang further revealed that the company’s next step is to venture into the manufacturing of semi knocked down (SKD) EV motor vehicles in Malaysia in 2023. The company
PERMAJU INDUSTRIES BERHAD ("PERMAJU" OR "THE COMPANY") - DISPOSAL OF SHARES IN PNE PCE BERHAD (PNE) BY ICONWORLD RESOURCES SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF PERMAJU INDUSTRIES BERHAD
The Board of Directors (“Board”) of Permaju wishes to announce that its wholly-owned subsidiary, Iconworld Resources Sdn Bhd, had on 14 December 2021 and 15 December 2021, disposed a total of 30,000,000 ordinary shares, representing an aggregate of 5.352% of the total number of issued shares of PNE for a total cash consideration of RM2,550,000.00 via open market (“the Disposal”).
Subsequent to the Disposal, the Company has ceased to be a substantial shareholder of PNE pursuant to Paragraph 9.19(27) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”).
Please refer to the attachment for further details.
PERMAJU INDUSTRIES BERHAD ("Permaju" or "the Company") - INVESTMENT IN PNE PCB BERHAD ("PNE")
The Board of Directors of Permaju wishes to announce that its wholly-owned subsidiary, Iconworld Resources Sdn Bhd, had on 16 November 2020 acquired 16,000,000 ordinary shares of PNE, representing 9.05% of issued shares of PNE, at RM1.23 per share (“PNE Shares”) for a total cash consideration of RM19,680,000.00 (“Consideration”) (“Investment”) from open market.
Please refer to the attachment for details of the announcement.
PERMAJU INDUSTRIES BERHAD ("PERMAJU" or "the Company") - ADDITIONAL INVESTMENT IN PNE PCB BERHAD ("PNE")
With reference to the announcement dated 16 November 2020, the Board of Directors of PERMAJU wishes to announce that its wholly-owned subsidiary, Iconworld Resources Sdn Bhd, had on 17 November 2020 acquired additional 6,000,000 ordinary shares of PNE at RM1.23 per share (“PNE Shares”) for a total cash consideration of RM7,380,000.00 (“Consideration”) from open market.
Together with the 16,000,000 of PNE Shares announced on 16 November 2020, PERMAJU now has aggregate of 22,000,000 of PNE Shares, representing 12.43 % of issued shares of PNE. The total purchase consideration for the entire 22,000,000 PNE Shares is RM27,060,000.00 (“Aggregate Investment”).
Announced EX Date Subject Ratio Offer 13 Nov 2020 26 Nov 2020 Bonus Issue (warrant) 1.0000 : 3.0000 10 Nov 2020 23 Nov 2020 Subdivision 2.0000 : 1.0000
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Based on purchase prices of 1.23 per share of PNEPCB and current market price of 8sen, it is obvious the investment in PNEPCB incurred huge losses.
Permaju still holding less than 5% shareholding of PNEPCB after the sale transactions, and the paper loss should be huge too.
This is one way how directors caused company fund to be spent and wasted without returns of benefits to shareholders.
stockraider liar, les lies all the time. I bet you can't even substantiate why you called for your buying & target price. please explain you basic of buying price & target price here ok. Hahaha what a joker you are...
Where got raider make a buy call on this kon stock leh ?
Posted by uncensored > Dec 21, 2021 10:41 AM | Report Abuse
stockraider liar, les lies all the time. I bet you can't even substantiate why you called for your buying & target price. please explain you basic of buying price & target price here ok. Hahaha what a joker you are...
PERMAJU INVESTMENT/SPECULATION IN OTHER PENNY STOCKS
Huge losses in the disposal of PNEPCB Unrealised losses in remaining PNEPCB shares and MTOUCHE shares =============
Notice of Person Ceasing (Section 139 of CA 2016) PNE PCB BERHAD Particulars of Substantial Securities Holder Name PERMAJU INDUSTRIES BERHAD
Name of registered holder Iconworld Resources Sdn. Bhd.
Date of cessation 14 Dec 2021 No of securities disposed 22,000,000 Circumstances by reason of which a person ceases to be a substantial shareholder Disposal of shares via open market Nature of interest Indirect Interest
Date of notice 17 Dec 2021 Date notice received by Listed Issuer 20 Dec 2021
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PERMAJU INDUSTRIES BERHAD ("Permaju" or "the Company") - INVESTMENT IN MERIDIAN BERHAD ("Meridian") The Board of Directors of Permaju wishes to announce that its wholly owned subsidiary, Iconworld Resources Sdn Bhd, had on 22 October 2020 acquired 100,000,000 ordinary shares of Meridian, representing 16.97% of issued shares of Meridian, at RM0.26 per share (“Meridian Shares”) for a total cash consideration of RM26,000,000.00 (“Consideration”) (“Investment”) via Direct Business Transaction.
Please refer to the attachment for details of the announcement.
This announcement is dated 22 October 2020.
=========== PERMAJU INDUSTRIES BERHAD (PERMAJU OR THE COMPANY) - ACQUISITION OF 185,050,000 RIGHTS SHARES TOGETHER WITH 92,525,000 FREE WARRANTS IN MTOUCHE TECHNOLOGY BERHAD BY ICONWORLD RESOURCES SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY The Board of Directors of Permaju (“Board”) wishes to announce that Iconworld Resources Sdn. Bhd. (“Iconworld”), a wholly-owned subsidiary of the Company had on 10 June 2021 acquired 185,050,000 Rights Shares together with 92,525,000 Free Warrants in MTouche Technology Berhad (“MTB”) for a total purchase consideration of RM18,505,250.00, which is representing approximately 19.97% of the existing total number of issued shares in MTB (“the Acquisition”).
Kindly refer to the attachment for further details.
This announcement is dated 14 June 2021.
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Penny stock investing/speculating in other penny stocks
One way directors utilised company funds collected from fund raising via share issuance to ESOS, PP and RI of PA and conversion of PA and WA?
Date of change 29 Dec 2021 Name MISS CHAI WOON YUN Age 40 Gender Female Nationality Malaysia Designation Executive Director Directorate Executive Type of change Retirement
========= Next company could possibly be Kanger since she is a substantial shareholder.
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....
Good123
21,339 posts
Posted by Good123 > 2021-12-16 09:06 | Report Abuse
Sudden surge is expected after announcing the partnership with EV world leaders e.g. Tesla, nio, etc