Posted by JuliusCeasar > 2020-10-30 18:19 | Report Abuse

Agreed. Better wait after PP exercise. Maybe it goes down below 0.15 cents.

Posted by kslee81 > 2020-11-01 22:45 | Report Abuse

Good news coming

Posted by NawaMan > 2020-11-01 23:57 | Report Abuse

If down below 15cts, I will I buy more, now too expensive hhahaa

Posted by super168 > 2020-11-07 17:40 | Report Abuse

For those having Permaju, please vote against Esos shares for directors and employees. The directors should take care of the shareholders and most important improve the company's profit and business. Not asking for Tongkat all the time.

Posted by TokAbah > 2020-11-09 19:57 | Report Abuse

Permaju is lousy stock lorr. Run by lousy management. Just dump and buy logistics or covid counter much better

Posted by Victor Yong > 2020-11-10 10:06 | Report Abuse

PERMAJU INDUSTRIES BERHAD (“PERMAJU” OR THE “COMPANY”)
PROPOSED PRIVATE PLACEMENT
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 21 October 2020 in relation to the Proposed Private Placement, where applicable, unless stated otherwise or defined herein.)
Reference is made to the announcement dated 21 October 2020 in relation to the Proposed Private Placement (“First Announcement”).
On behalf of the Board, Mercury Securities wishes to announce the following additional information:-
1. UTILISATION OF PROCEEDS
Reference is made to Section 3(i) of the First Announcement in relation to the utilisation of proceeds for the development of an online platform for luxury car rentals.
We wish to clarify the following:-
(i) The Group intends to develop the online platform by engaging third-party vendors to set up the platform.
(ii) While the cost of setting up the online platform is estimated to be approximately RM2.50 million, the actual cost may differ depending on final quotations with respective vendors. In such event, any shortfall shall be funded via the portion of proceeds earmarked for working capital, internally generated funds, bank borrowings and/or future fund-raising exercises to be undertaken (if required). Conversely, any surplus shall be utilised for working capital.
2. OVERVIEW AND OUTLOOK OF THE LUXURY CAR RENTAL MARKET IN MALAYSIA
Reference is made to Section 5 of the First Announcement in relation to the industry overview and future prospects.
We wish to provide the overview and outlook of the luxury car rental market in Malaysia as follows:-
The luxury car rental market in Malaysia is where luxury car rental service operators operate in to offer long-term or short-term luxury car rental services for business or leisure purposes. Luxury car rental service operators are typically scattered across the country, with offices and booths located at strategic locations such as airports and hotels to facilitate pick-up and return of vehicles at users’ preferred locations.
Luxury cars are vehicles with high-end features such as sleek outlook, plush interior and more powerful engine performance. These luxury cars are available in various forms such as sedan, sport utility vehicle (“SUV”) and multipurpose vehicle (“MPV”).
Luxury cars are often rented for social events such as weddings and formal events, discreet airport pickups, drop-offs and general transfers for very important persons (“VIPs”) and celebrities for business or leisure purposes, and long-term corporate hires. With the emergence of the luxury car rental market, users are able to experience luxury cars without owning the vehicle.

Posted by Victor Yong > 2020-11-10 10:07 | Report Abuse

Going to fly again? :)


Date Close Volume
09/11/2020 0.175 4,567,000
06/11/2020 0.18 15,010,400
05/11/2020 0.18 10,725,800
04/11/2020 0.17 7,143,800
03/11/2020 0.165 9,625,700
02/11/2020 0.165 4,970,100
30/10/2020 0.17 9,115,400
28/10/2020 0.18 2,917,100
27/10/2020 0.18 6,521,500
26/10/2020 0.175 9,838,400
23/10/2020 0.18 15,315,200
22/10/2020 0.19 6,439,200
21/10/2020 0.19 21,516,300
20/10/2020 0.205 67,447,800
19/10/2020 0.185 7,304,500
16/10/2020 0.19 4,670,700
15/10/2020 0.185 3,783,500
14/10/2020 0.19 11,338,800
13/10/2020 0.185 7,596,800

Posted by Victor Yong > 2020-11-10 10:08 | Report Abuse

The increasing adoption of information technology (IT) has transformed renting procedures and driven the provision of better services and competitive pricing by luxury car rental service operators. These days, luxury car renting is done mainly through service operators’ websites and/or mobile applications, which enables users to book vehicles online conveniently. Rates are disclosed along with options from the fleet of luxury cars and other value-added services offered by operators, providing users a thorough view of the vehicle and services to be obtained before proceeding to book and pay. The value-added services which may be provided by the luxury car rental service operators include chauffeur, concierge and security services.
The luxury car rental market in Malaysia where luxury car rental service operators which specialises in providing rental services of high-end luxury car makes such as Bentley, BMW, Mercedes-Benz, Porsche, Range Rover and Rolls Royce, serves a niche market as the rental rates of these high-end luxury car makes generally are significantly higher than rental rates of standard cars. The barriers to entry of the luxury car rental market in Malaysia is high as new entrants have to incur high initial capital investment on a fleet of luxury cars and to develop a booking platform. To sustain and expand the luxury car rental business and to remain competitive in the market over the long term, the luxury car rental service operators will be required to expand the fleet of high performing luxury cars, offer competitive rates, have wide geographical coverage, good customer service and value-added services, employ effective marketing strategies and convenient booking platforms, which will incur substantial capital investments and operational costs.
The outbreak of the COVID-19 since early 2020 has impacted many countries around the world. On 30 January 2020, the World Health Organisation (“WHO”) declared a public health emergency of international concern on COVID-19. Later, on 11 March 2020, the WHO made the assessment that COVID-19 can be characterised as a pandemic due to the alarming levels of spread and severity and levels of inaction.
Due to the outbreak of COVID-19, the Government of Malaysia imposed a MCO throughout Malaysia from 18 March 2020 to 3 May 2020, conditional MCO from 4 May 2020 to 9 June 2020 and recovery MCO from 10 June 2020 to 31 December 2020, and re-imposition of conditional MCO in states and federal territories (e.g. Sabah, Selangor, Kuala Lumpur, Putrajaya and Labuan) that recorded alarming levels of COVID-19 infection cases in October 2020 to restrict the movement of people. Further, the Government also imposed travel bans; limit event participants; and imposed physical distancing rule to curb the spread of the virus. As a result, business and leisure travels, as well as weddings, concerts and business summits which were expected to draw large crowd were cancelled, postponed or simplified. This has significantly reduced the demand for luxury car rental services and has adversely impacted the luxury car rental market.
Nevertheless, while the luxury car rental market in Malaysia is expected to experience a slowdown in 2020 mainly due to dampened economic outlook from the impact of COVID-19 pandemic, Smith Zander International Sdn Bhd (“SMITH ZANDER”) anticipates that in the longer term, after the crisis of the COVID-19 pandemic ends and after the recovery of the economic conditions, the luxury car rental market is expected to be supported by the rise of more affluent population and high income households, growth of the meetings, incentives, conventions and exhibitions (“MICE”) industry as well as increasing awareness of the sharing economy.
Key Market Drivers
 Rise of more affluent population and high income households drive the demand for high-end lifestyles
Malaysia is an upper-middle income economy with aspirations to achieve high income status by 2030. GDP per capita increased by 12.47% from approximately RM38,860.70 in 2016 to RM43,707.53 in 2019. Notably, 1.46 million households were recorded within the top 20 (“T20”) household group in 2019, an increase of 5.04% from 1.39 million households in 2016. This indicates a rise of more affluent population and high income households with greater spending power, leading to demand for high-end lifestyles involving luxury spending such as renting of luxury cars for various purposes such as events, weddings or long distance drives.
2

Nevertheless, moving forward, in view

Posted by Victor Yong > 2020-11-10 10:09 | Report Abuse

PERMAJU INDUSTRIES BERHAD (“PERMAJU” OR THE “COMPANY”)
PROPOSED PRIVATE PLACEMENT
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 21 October 2020 in relation to the Proposed Private Placement, where applicable, unless stated otherwise or defined herein.)
Reference is made to the announcement dated 21 October 2020 in relation to the Proposed Private Placement (“First Announcement”).
On behalf of the Board, Mercury Securities wishes to announce the following additional information:-
1. UTILISATION OF PROCEEDS
Reference is made to Section 3(i) of the First Announcement in relation to the utilisation of proceeds for the development of an online platform for luxury car rentals.
We wish to clarify the following:-
(i) The Group intends to develop the online platform by engaging third-party vendors to set up the platform.
(ii) While the cost of setting up the online platform is estimated to be approximately RM2.50 million, the actual cost may differ depending on final quotations with respective vendors. In such event, any shortfall shall be funded via the portion of proceeds earmarked for working capital, internally generated funds, bank borrowings and/or future fund-raising exercises to be undertaken (if required). Conversely, any surplus shall be utilised for working capital.
2. OVERVIEW AND OUTLOOK OF THE LUXURY CAR RENTAL MARKET IN MALAYSIA
Reference is made to Section 5 of the First Announcement in relation to the industry overview and future prospects.
We wish to provide the overview and outlook of the luxury car rental market in Malaysia as follows:-
The luxury car rental market in Malaysia is where luxury car rental service operators operate in to offer long-term or short-term luxury car rental services for business or leisure purposes. Luxury car rental service operators are typically scattered across the country, with offices and booths located at strategic locations such as airports and hotels to facilitate pick-up and return of vehicles at users’ preferred locations.
Luxury cars are vehicles with high-end features such as sleek outlook, plush interior and more powerful engine performance. These luxury cars are available in various forms such as sedan, sport utility vehicle (“SUV”) and multipurpose vehicle (“MPV”).
Luxury cars are often rented for social events such as weddings and formal events, discreet airport pickups, drop-offs and general transfers for very important persons (“VIPs”) and celebrities for business or leisure purposes, and long-term corporate hires. With the emergence of the luxury car rental market, users are able to experience luxury cars without owning the vehicle.
1

The increasing adoption of information technology (IT) has transformed renting procedures and driven the provision of better services and competitive pricing by luxury car rental service operators. These days, luxury car renting is done mainly through service operators’ websites and/or mobile applications, which enables users to book vehicles online conveniently. Rates are disclosed along with options from the fleet of luxury cars and other value-added services offered by operators, providing users a thorough view of the vehicle and services to be obtained before proceeding to book and pay. The value-added services which may be provided by the luxury car rental service operators include chauffeur, concierge and security services.
The luxury car rental market in Malaysia where luxury car rental service operators which specialises in providing rental services of high-end luxury car makes such as Bentley, BMW, Mercedes-Benz, Porsche, Range Rover and Rolls Royce, serves a niche market as the rental rates of these high-end luxury car makes generally are significantly higher than rental rates of standard cars. The barriers to entry of the luxury car rental market in Malaysia is high as new entrants have to incur high initial capital investment on a fleet of luxury cars and to develop a booking platform. To sustain and expand the luxury car rental business and to remain competitive in the market over the long term, the luxury car rental service operators will be required to expand the fleet of high performing luxury cars, offer competitive rates, have wide geographical coverage, good customer service and value-added services, employ effective marketing strategies and convenient booking platforms, which will incur substantial capital investments and operational costs.
The outbreak of the COVID-19 since early 2020 has impacted many countries around the world. On 30 January 2020, the World Health Organisation (“WHO”) declared a public health emergency of international concern on COVID-19. Later, on 11 March 2020, the WHO made the assessment that COVID-19 can be characterised as a pandemic due to the alarming levels of spread and severity and levels of inaction.
Due to the outbreak of COVID-19, the Government of Malaysia imposed a MCO through

Posted by Victor Yong > 2020-11-10 10:09 | Report Abuse

instance, most social events such as weddings and concerts, and business summits which were expected to draw large crowds were cancelled, postponed or simplified since the outbreak of COVID-19 in early 2020. Due to these reasons, the demand for luxury car rental services may have significantly reduced, adversely impacting the financial performance of market players during the period of the COVID- 19 outbreak.
 Exposure to high car maintenance and upkeep cost as well as inadequate insurance coverage
Luxury car rental service providers are required to ensure their fleet of luxury cars are in pristine condition before handling over to users. Failure to do so may cause luxury car rental service providers to lose their competitive edge to other competitors. As such, luxury car rental service providers are subject to high costs to maintain and upkeep the luxury cars.
Further, luxury car rental service providers are subject to the risk of inadequate insurance coverage. In the event that the vehicles are involved in car accidents or damaged in natural disasters in excess of insurance coverage, luxury car rental service providers are required to incur significant costs in repair work. In such circumstances, their financial performance may be materially and adversely affected.
(Source: Independent market research report dated 23 October 2020 prepared by SMITH ZANDER)
3. ADDITIONAL INFORMATION
Reference is made to Section 5.4.1 of the First Announcement in relation to the steps taken by the Group to improve its financial condition.
We wish to provide additional information as follows:-
(i) As at the date of this announcement, the Company is still in the midst of identifying marketing programmes to boost the sale of automobiles and after sales services. Hence, the estimated timeframe for the implementation of the marketing programmes cannot be determined at this juncture.
(ii) As for the Mydin Project, as at the date of this announcement, the construction works for the Mydin Project has yet to commence as the Group is still in the midst of securing the necessary funding, including bank borrowings, to finance the balance funding requirement for the Mydin Project.
The construction works for the Mydin Project is expected to commence in the first quarter of 2021 over a development period of approximately 2.5 years.
(iii) Under an existing lease agreement with Mydin dated 31 July 2013 (which was subsequently varied via 2 supplemental agreements dated 28 March 2016 and 9 June 2017 respectively), the Mydin Project is expected to be leased to Mydin at an estimated rental of between approximately RM18.38 million to RM26.25 million per annum (apart from the first year where there is a 3-month rent-free period) over 20 years.
(iv) Apart from the Mydin Project, the undeveloped parts of the Land are expected to be developed into, amongst others, terraced shop/offices and residential units over several phases in the future.
(v) The gross development cost of the Mydin Project is estimated to be RM257.5 million and this is expected to be funded mainly via proceeds raised from the Rights Issue of ICPS with Warrants, bank borrowings and/or internally generated funds.
4

4. HISTORICAL FINANCIAL INFORMATION OF THE GROUP
Reference is made to Section (i) of Appendix I of the First Announcement in relation to the summary of the historical financial information of the Group.
We wish to rephrase that the Group recorded a revenue of RM57.58 million for FYE 30 June 2020 which represented a 24.49% decrease in revenue as compared to the annualised revenue for 18-month FPE 30 June 2019 of RM76.25 million.
This announcement is dated 28 October 2020.

Posted by Victor Yong > 2020-11-10 10:12 | Report Abuse

PERMAJU INDUSTRIES BERHAD (“PERMAJU” OR THE “COMPANY”)
JOINT VENTURE AGREEMENT BETWEEN GENBAYU GEMILANG SDN BHD AND VSOLAR GROUP BERHAD
1. INTRODUCTION
The Board of Directors of PERMAJU (“Board”) wishes to announce that Genbayu Gemilang Sdn Bhd (“GGSB”), a wholly owned subsidiary of the Company has on 1 September 2020, entered into a joint venture agreement (“JV Agreement”) with Vsolar Group Berhad (“Vsolar”) to regulate their relationship inter se as shareholders of Cubetech Asia Sdn Bhd (“CASB”) in which, CASB intends to submit its tender to build and operate a Large Scale Solar 4 (LSS4) Proposed 50MW Plant in Seremban, Negeri Sembilan, Malaysia (“the Project”) subject to the terms and conditions stipulated in the JV Agreement. The Project consist of the following terms:-
(a) gross development value of the project – RM217 million;
(b) output capacity of the plant - 50 MWac;
(c) projected Sunlight Irradiance per day - 3.6 hours per day;
(d) total Daily Energy Production - 300,000 kwh per day;
(e) concession Period under power purchase agreement with Tenaga Nasional Berhad - 21 year starting from Commercial Operation Date (COD) by 31 December 2023; and
(f) grid connection - Within 15km radius to nearest 132kv TNB transmission facility from the proposed site in Mukim Setul, Seremban, Negeri Sembilan.
(GGSB and Vsolar are individually referred to as “Party” and collectively as the “Parties”)
2. SALIENT TERMS OF THE JOINT VENTURE AGREEMENT
2.1 Conditions Precedent
This Agreement is subject to and conditional upon the following conditions precedent (collectively the “Conditions Precedent”) being fulfilled within the Conditional Period which is within three (3) months from the date of this JV Agreement or such other date as the Parties may mutually agree in writing:-
(a) CASB having obtained the letter of award by the Energy Commission Malaysia to undertake the Project; and
(b) CASB having obtained, under its own name, all relevant approvals, certification, licenses and/ or permits as may be required under the laws and regulation of Malaysia to undertake the Project

Posted by Victor Yong > 2020-11-10 10:13 | Report Abuse

The Parties shall upon the execution of this JV Agreement take all necessary steps and actions to obtain the fulfilment of the Conditions Precedent as expeditiously and as reasonably as possible.
2.2 Rights, Obligations and Undertakings of GGSB
GGSB hereby agrees, covenants and undertakes with VSolar, amongst others, the following:-
(i) Management – To allow VSolar to manage and operate CASB and not to interfere with the management of CASB unless required to do so by VSolar.
(ii) Execution of Power of Attorney - GGSB shall execute a power of attorney in favour of VSolar upon execution of this JV Agreement to enable VSolar to deal with and use all such lands identified as title no. H.S.(D) 160573 – PT No. 26667, H.S. (D) 160572 – PT No. 26666 and H.S. (D) 160571 – PT No. 26665, all of which is located at Mukim Setul, Seremban, Negeri Sembilan measuring approximately 121.4 hectares (“Lands”) in such manner as it deems fit for the purpose of securing the Project and to execute a lease agreement and such documents, for and on behalf of GGSB in favour of CASB to give effect to the lease arrangement in respect of the Lands, if required.
(iii) Lease Agreement – In consideration of the Ordinary Shares to be issued to GGSB by CASB under this JV Agreement, GGSB shall lease such Lands to CASB for the minimum period of twenty-three (23) years commencing from the Unconditional Date (the date where all such Conditions Precedent is fulfilled and/ or waived by the respective Parties to such extent permissible under the law) at no cost. GGSB shall sign a Lease Agreement and all such documents to give effect to the above lease arrangement upon fulfilment of the Conditions Precedent or at such time as instructed by VSolar to enable CASB to carry out the activities to complete the Project efficiently.
2.3 Rights, Obligations and Undertakings of Vsolar
VSolar hereby agrees, covenants and undertakes with GGSB, amongst others, the following:-
(i) Management - To be responsible either through itself or otherwise in respect of the day to day management of CASB.
(ii) Financing – To assist CASB to secure financing for the Project which is estimated to be Ringgit Malaysia Two Hundred and Seventeen Million (RM217,000,000) via equity financing amounting to Ringgit Malaysia One Hundred and Seventy Three Million and Six Hundred Thousand (RM173,600,000) representing eighty percent (80%) of the total financing and debt financing amounting to Ringgit Malaysia Forty Three Million and Four Hundred Thousand (RM43,400,000) representing twenty percent (20%) of the total financing.

Posted by Victor Yong > 2020-11-10 10:13 | Report Abuse

iii) Bid and Performance Bonds – To assist CASB to secure a bid bond amounting to Ringgit Malaysia One Million (RM1,000,000.00) and in the event of the award of the Project to CASB, to assist CASB to secure a performance bond amounting to Ringgit Malaysia Ten Million (RM10,000,000.00).
2.4 Other salient matters
(a) Conditional Conditions Precedents
If the Conditions Precedent are granted subject to any condition, then such Conditions Precedent will not be deemed to have been fulfilled for the purposes of this JV Agreement unless such condition is acceptable to the other Party(ies) and such condition is deemed acceptable to such Party(ies) if there is no written objection received by counter Party(ies) within seven (7) Business Days from the date upon which the condition is made known in writing to the other Party(ies).
(b) Right to Terminate
Party(ies) shall have right to terminate this JV Agreement, if:-
(i) on the expiry of the Conditional Period, any of the Conditions Precedent have not been fulfilled; or
(ii) at any time prior to the expiry of the Conditional Period, any of the Conditions Precedent shall have been granted subject to terms and conditions which are not acceptable to any of the Parties, being terms and conditions which affect any or part of the transactions contemplated under this JV Agreement or any of the rights or interests of the Parties, and further appeals to the relevant authorities or persons to vary such terms and conditions have not been successful and/or the said Party is not willing to accept such terms and conditions then imposed by the relevant authorities or persons, then either of the Parties shall be entitled to terminate this JV Agreement by giving a written notice of termination to that effect to the other Party and upon termination thereof, the Parties shall not have any further rights under this JV Agreement except in respect of any obligation under this JV Agreement which is expressed to apply after the termination of this JV Agreement and any rights or obligations which have accrued in respect of any breach of any of the provisions of this JV Agreement to either Party prior to such termination.
2.5 Equity Participation
In consideration of GGSB agreeing to lease the Lands to CASB at no cost (pursuant to the Lease Agreement to be signed) to enable CASB to undertake the Project, VSolar shall cause CASB to issue 2,870,000 ordinary shares in CASB representing seventy percent (70%) of the enlarged issued shares in CASB.
Subject to clause stated in the JV Agreement and unless otherwise varied in accordance with the provisions of this JV Agreement, Vsolar and GGSB hereto agree that the shareholdings in CASB shall be maintained at all times in the following proportions as set out below (“Equity Participation”).

Posted by Victor Yong > 2020-11-10 10:13 | Report Abuse

Shareholders
VSolar
GGSB
Percentage of Shareholding in the Company
30%
70%
Total: 100%
3. INFORMATION OF THE PARTIES
3.1 GGSB
GGSB was incorporated in Malaysia on 16 December 2008 under the Companies Act, 1965 as a private limited company and having its registered office at 22-09, Menara 1MK, No. 1 Jalan Kiara, Mont Kiara, 50480 Kuala Lumpur, W.P. Kuala Lumpur and is principally engaged in the business of tree plantation.
GGSB has a total issued share capital of RM100,000.00 comprising 100,000 total issued ordinary shares.
GGSB is a wholly owned subsidiary of Permaju Industries Berhad and the Directors are En Mazlan Bin Mohamad and Miss Chai Woon Yun.
3.2 VSOLAR
Vsolar Group Berhad is an investment holding company, listed on the ACE Market of Bursa Malaysia Berhad. Vsolar’s principal business activities comprise renewable energy, media publishing, software solutions and production house.
The directors of Vsolar are Abdul Menon Bin Arsad, Ng Chee Kin, Khairul Azwan Bin Harun, Koo Kien Yoon and Chuah Hoon Hong.
3.3 CASB
CASB, was incorporated in Malaysia on 7 December 2004 under the Companies Act, 1965 as a private limited company and its registered address at No. 2-1, Jalan Sri Hartamas 8, Sri Hartamas, 50480 Kuala Lumpur, W.P. Kuala Lumpur and is principally engaged in the business of operation of generation facilities that produce electric energy.
CASB has a total issued share capital of RM4,100,000.00 comprising 4,100,000 total issued ordinary shares.
The directors of CASB are Mr Koo Kien Yoon and Mr Tan Ewe Beng @ Ewe Beng Alvin Ng.

Posted by Victor Yong > 2020-11-10 10:14 | Report Abuse

RATIONALE AND PROSPECTS
The JV Agreement will provide opportunities for the Parties to establish a strategic partnership for various activities based on the respective party’s expertise and strengths which allows the Parties to tap into each other’s expertise, networks and resources.
5. FINANCIAL EFFECTS
The JV Agreement is not expected to have any effect on the issued share capital and substantial shareholders’ shareholdings of the Company as it does not involve the issuance of any new ordinary shares in the Company.
The JV Agreement is not expected to have any material impact on the Company’s earnings per share, net assets and gearing for the current financial year ending 30 June 2021.
However, it is expected to contribute positively to the future earnings of the Company.
6. RISK FACTORS
The joint venture with Vsolar is subject to terms and conditions of the JV Agreement. There is no assurance that the joint venture will not be exposed to risks such as inability to fulfil the terms and conditions of the JV Agreement.
The completion of the Project may be subject to various business risks including, amongst others, cost overruns, and project completion delays.
7. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED TO THEM
None of the Directors or major shareholders or persons connected to the Directors or Major Shareholders has any direct or indirect interest in the JV Agreement.
8. STATEMENT BY DIRECTORS
The Board, having taken into consideration all aspects of the JV Agreement, is of the opinion that the JV Agreement is in the best interest of the Company.
9. APPROVALS REQUIRED
The JV Agreement is not subject to and/or conditional upon approvals from the shareholders of the Company and/or any other relevant authorities.

Posted by Victor Yong > 2020-11-10 10:14 | Report Abuse

10. DOCUMENTS FOR INSPECTION
A copy of the JV Agreement is available for inspection at the registered office of the Company at Suite 10.02, Level 10, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur during the normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.
This announcement is dated 1 September 2020.

Posted by Victor Yong > 2020-11-10 10:16 | Report Abuse

Date Price Open High Low Vol. Change %
Nov, 2020 0.175 0.170 0.190 0.160 4.57M 2.94%
Oct, 2020 0.170 0.170 0.215 0.165 354.90M 0.00%
Sep, 2020 0.170 0.300 0.465 0.170 1.19B -43.33%
Aug, 2020 0.300 0.325 0.375 0.255 399.46M -6.25%
Jul, 2020 0.320 0.255 0.355 0.245 781.39M 28.00%
Jun, 2020 0.250 0.595 0.850 0.240 723.01M -58.33%
May, 2020 0.600 0.675 0.725 0.595 118.43M -11.11%
Apr, 2020 0.675 0.980 1.000 0.645 208.80M -31.12%
Mar, 2020 0.980 0.815 1.070 0.805 281.10M 20.25%
Feb, 2020 0.815 0.820 0.875 0.795 29.35M -1.21%
Jan, 2020 0.825 0.815 0.860 0.790 25.69M 1.23%
Dec, 2019 0.815 0.700 0.815 0.690 62.23M 15.60%
Nov, 2019 0.705 0.690 0.705 0.665 91.96M 2.92%
Oct, 2019 0.685 0.655 0.725 0.650 84.81M 4.58%
Sep, 2019 0.655 0.640 0.665 0.635 40.32M 1.55%
Aug, 2019 0.645 0.625 0.680 0.600 62.05M 2.38%
Jul, 2019 0.630 0.550 0.685 0.550 43.60M 14.55%
Jun, 2019 0.550 0.545 0.575 0.480 43.98M 0.92%
May, 2019 0.545 0.570 0.580 0.540 68.13M -4.39%
Apr, 2019 0.570 0.505 0.590 0.505 284.51M 11.76%
Mar, 2019 0.510 0.360 0.515 0.355 318.35M 39.73%
Feb, 2019 0.365 0.370 0.420 0.355 246.72M -1.35%
Jan, 2019 0.370 0.345 0.380 0.335 345.99M 8.82%
Dec, 2018 0.340 0.400 0.415 0.340 437.28M -15.00%
Highest: 1.070 Lowest: 0.160 Difference: 0.910 Average: 0.528 Change %: -56.250

Posted by Victor Yong > 2020-11-10 10:18 | Report Abuse

Share price has bottomed. Best to have esos for employee motivation. Congratulations!!!

Circular/Notice to Shareholders

PERMAJU INDUSTRIES BERHAD

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED ESOS


Please refer attachment below.

Attachments

Permaju Industries Bhd - Proposed ESOS (30.10.2020).pdf
907.9 kB

Announcement Info
Company Name PERMAJU INDUSTRIES BERHAD
Stock Name PERMAJU
Date Announced 30 Oct 2020
Category Document Submission
Reference Number DCS-30102020-00012

Posted by Victor Yong > 2020-11-10 10:26 | Report Abuse

Easy target for takeover or mgmt buyout, substantial shareholders hold <20%??????

LIST OF TOP 30 LARGEST SECURITIES ACCOUNTS HOLDERS
(BASED ON REGISTER OF DEPOSITORS AS AT 23 SEPTEMBER 2020)
NO. NAME OF SHAREHOLDERS
1 MAYBANK SECURITIES NOMINEES (ASING) SDN BHD
EXEMPT AN FOR MAYBANK KIM ENG SECURITIES PTE LTD (A/C 648849)
2 TOH EAN HAI
3 HLIB NOMINEES (ASING) SDN BHD
PLEDGE SECURITIED ACCOUNT FOR TAN LEE PANG S/O HUM BENG
4 CGS-CIMB NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR BERNADETTE MARGARET LAU
5 DENNISE KHOO YEAP TENG
6 MAYBANK NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR LAI WENG CHEE @ LAI KOK CHYE
7 CGS-CIMB NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIED ACCOUNT FOR ANG KOK SEONG (M55015)
8 CGS-CIMB NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIED ACCOUNT FOR NG WAI YUAN (T CHERAS-CL)
9 WONG AH YONG
10 HLB NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR TAN LEE PANG S/O HUM BENG
11 AFFIN HWANG NOMINEES (ASING) SDN BHD
EXEMPT AN FOR SANSTON FINANCIAL GROUP LIMITED (ACCOUNT CLIENT)
12 KENANGA NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR CHAI WOON YUN
13 YONG CHOO KIONG
14 CHIA LAI KING
15 TAN HOCK SOON
16 YONG SIEW NGEE
17 TOH HOOI HAK
18 MAYBANK NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR ANG KOK SEONG
19 AFFIN HWANG NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR LIM TECK HUAT
20 CIMSEC NOMINEES (TEMPATAN) SDN BHD PLEDGED FOR LEE SOI GEK (PB)
21 CHIA LEE LEE
22 WONG YOON CHEE
23 LING TUNG MING
24 JF APEX NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR NG JOO BAY (MARGIN)
25 CIMSEC NOMINEES (TEMPATAN) SDN BHD CIMB FOR TEO AH SENG (PB)
26 KOH AI TYNG
27 LIM MENG HONG
28 HSBC NOMINEES (ASING) SDN BHD
MORGAN STANLEY & CO. INTERNATIONAL PLC (FIRM A/C)
29 HLB NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR WONG AH YONG
30 SOH ENG CHOONG
NO. OF Percentage SHARES (%)
54,658,600 12.20 8,752,600 1.95
6,200,000 1.38
6,100,000 1.36 5,924,600 1.32
5,300,000 1.18 5,200,000 1.16
5,000,000 1.12 5,000,000 1.12
4,700,000 1.05 4,000,000 0.89
3,800,000 0.85 3,500,000 0.78 3,500,000 0.78 3,100,000 0.69 3,000,000 0.67 3,000,000 0.67
2,600,000 0.58 2,600,000 0.58
2,500,000 0.56 2,500,000 0.56 2,307,000 0.52 2,295,000 0.51
2,176,600 0.49
2,163,800 0.48 2,139,800 0.48 2,100,000 0.47
2,072,400 0.46
2,000,000 0.45 2,000,000 0.45
ANNUAL REPORT 2020
STATISTICS OF
ORDINARY SHAREHOLDINGS AS AT 23 SEPTEMBER 2020

Posted by Victor Yong > 2020-11-10 10:31 | Report Abuse

New substantial shareholder can emerge anytime , Nav~67sen per share, current price is dirt cheap 18sen :)

Posted by Victor Yong > 2020-11-10 10:31 | Report Abuse

P/b value below 0.25x , cheaper than besi buruk?? :p

Posted by Victor Yong > 2020-11-10 10:40 | Report Abuse

The esos opens door for mgmt buyout too . Thumb up

Posted by Victor Yong > 2020-11-10 10:45 | Report Abuse

May your wish be fulfilled :)

Board: MAIN
Sector: Consumer
Avg Volume (4 weeks): 11,886,736
4 Weeks Range: 0.16 - 0.215
52 Weeks Range: 0.16 - 1.07
Average Price Target: 1.02
Price Target Upside/Downside: +0.84

Posted by Victor Yong > 2020-11-10 10:57 | Report Abuse

Rebound can happen anytime like netx or even greater :) fingers crossed

Date Price Open High Low Vol. Change %
Nov, 2020 0.180 0.170 0.190 0.160 4.57M 5.88%
Oct, 2020 0.170 0.170 0.215 0.165 354.90M 0.00%
Sep, 2020 0.170 0.300 0.465 0.170 1.19B -43.33%
Aug, 2020 0.300 0.325 0.375 0.255 399.46M -6.25%
Jul, 2020 0.320 0.255 0.355 0.245 781.39M

Posted by Victor Yong > 2020-11-10 11:06 | Report Abuse

CORPORATE
INFORMATION
Board of Directors
AUDIT AND RISk MANAGEMENT COMMITTEE
Ho Pui Hold
Independent Non-Executive Director Chairman
Mark Chew Shin Yong
Independent Non-Executive Director Member
Jean-Michel Fink
Independent Non-Executive Chairman Member
REMUNERATION COMMITTEE
Mark Chew Shin Yong
Independent Non-Executive Director Chairman
Ho Pui Hold
Independent Non-Executive Director Member
Jean-Michel Fink
Independent Non-Executive Chairman Member
Jean-Michel Fink
Independent Non-Executive Chairman
Chai Woon Yun
Executive Director
Tang Boon koon
Executive Director
Mark Chew Shin Yong
Independent Non-Executive Director
Ho Pui Hold
Independent Non-Executive Director
NOMINATION COMMITTEE
Mark Chew Shin Yong
Independent Non-Executive Director Chairman
Ho Pui Hold
Independent Non-Executive Director Member
Jean-Michel Fink
Independent Non-Executive Chairman Member

Posted by Victor Yong > 2020-11-10 11:07 | Report Abuse

CORPORATE
STRUCTURE
100% 100% 100%
100% 100%
AUTOMOTIVE CERGAzAM SDN BHD
Provision of management and other services
CERGAz AUTOHAUS SDN BHD
Trading of motor vehicles and provision of related services
CAPITAL INTERTRADE SDN BHD
Trading of motor vehicles and provision of related services
TP AUTO SDN BHD
Dormant
CERGAzAM AUTOWORLD SDN BHD
Dormant
TEAM JAPS SDN BHD
Ceased operation
PROPERTIES DEVELOPMENT HARDIE DEVELOPMENT SDN BHD
Property Development
TIMBER
GENBAYU GEMILANG SDN BHD
Timber Plantation
RINTISAN BUMI (M) SDN BHD
Ceased operation
OTHERS
ICONWORLD RESOURCES SDN BHD
Dormant
PERMAJU GLOVE SDN BHD
Manufacture, distribute, trading in rubber goods

Posted by Victor Yong > 2020-11-10 11:16 | Report Abuse

Boom time for permaju next year? :)

Dapat projek besar ? :)

Permaju to develop high-rise housing project worth RM2.4 billion
By Kathy B.
July 16, 2020 @ 11:00pm

Permaju to develop high-rise housing project worth RM2.4 billion
Permaju Industries Bhd will undertake the development of a high-rise housing project in Seri Kembangan/Serdang for a reputable developer. File photo of Alam Puteri.
Permaju Industries Bhd is believed to have won a construction contract worth about RM1.2 billion to undertake a massive property development project in Selangor.

Sources in the construction industry said that the contract was awarded by a reputable developer who owns a big plot of land in the Seri Kembangan/Serdang area, located to the south of Kuala Lumpur city centre and about 15km from Cyberjaya.


It is understood, the contract is to build more than 7,000 units of apartments over the next six to seven years.

The highest tower in this development will stand at a height of over 50 floors which may make it the tallest structure in the Seri Kembangan/Serdang area.

Permaju officials were not available for comment at Press time.

The project will be a boom for both Permaju and the construction industry.

Activities in the construction sector had slowed down more than a year ago and further dampened by the Covid-19 pandemic.

Last month Prime Minister Tan Sri Muhyiddin Yassin announced the RM35 billion National Economic Recovery Plan (Penjana) for economic regeneration, which will benefit among others, the construction and property sectors.

GDB Holdings Bhd’s (GDB) subsidiary Grand Dynamic Builders Sdn Bhd has bagged a RM1.25 billion contract from Damai City Sdn Bhd (employer) to complete the construction of 8 Conlay. NST pix by Mohamad Shahril Badri Saali
GDB Holdings Bhd’s (GDB) subsidiary Grand Dynamic Builders Sdn Bhd has bagged a RM1.25 billion contract from Damai City Sdn Bhd (employer) to complete the construction of 8 Conlay. NST pix by Mohamad Shahril Badri Saali
To encourage the growth of the property sector, the government reintroduced the Home Ownership Campaign (HOC), which offers stamp duty exemption on the first RM1 million of a property's value on the Memorandum of Transfer for properties priced from RM300,000 to RM2.5 million, and 100 per cent stamp duty exemption for the financing agreement under the Penjana plan.

The exemption is applicable between June 1, 2020, to May 31, 2021, subject to properties that are priced at a 10 per cent discount provided by developers.

The government also announced an exemption on real property gains tax (RPGT) for Malaysians for disposal of up to three properties between June 1, 2020, and December 31, 2021.

"The developer decided to kick-start construction after the Penjana plan was announced as they are now more confident in the market recovering. They received approval to develop the project last year but had put it on hold and feel now is a good time to re-start," said a source.

It is firmly believed that the estimated gross development value is in the region of RM2.4 billion.

Permaju will come in as a design and build contractor.

It is unclear if Permaju will also help in selling the apartments.

Permaju, through its subsidiary companies, is involved in the trading of motor vehicles, timber plantation, construction, and property development.

Through Hardie Development Sdn Bhd it had developed a project called Alam Puteri, a mixed housing estate located in Kota Kinabalu, Sabah.

Posted by Victor Yong > 2020-11-10 11:20 | Report Abuse

Any new update for permaju to venture into glove manufacturing will cause the share price to fly immediately if any :)

Permaju latest developer to diversify

Permaju Industries Bhd last week incorporated a wholly-owned subsidiary, Permaju Glove Sdn Bhd (PGSB) to venture into glove manufacturing and is banking on the global shortage of gloves to make the jump in the business.

In a filing with Bursa Malaysia, Permaju said the intended principal activity of PGSB is to manufacture, distribute, buy, sell and generally deal in rubber goods for industrial and commercial purposes.

Permaju said the rationale of the incorporation of PGSB is to facilitate the expansion of the business activities of the group and its subsidiaries," it said.

Permaju is involved in the distribution of Volkswagen and Ford franchise.

It is also involved in property development and owns big parcels of land in Sabah and Seremban, Negeri Sembilan.

The group owns 121.4 hectares of land in Seremban that is suitable for housing projects or industrial activities.

New Straits Times reported that Permaju may set up a production facility in Seremban, investing between RM150 million and RM200 million.

The group may start construction this year, subject to approvals from the relevant authorities.

Permaju intends to manufacture gloves among other rubber-related products for the export market and also to sell in Malaysia.

The biggest glove makers in Malaysia are Top Glove Glove Corp Bhd, Supermax Corp Bhd, Hartalega Holdings Bhd, and Kossan Rubber Industries Bhd and they have seen a surge in demand since the emergence last December of the deadly novel coronavirus or Covid-19 in China.

More than seven million people have been infected and the virus has now claimed over 400,000 lives worldwide.

Last year, global demand for gloves was 290 billion pieces, of which 187 billion were supplied by Malaysia. The current global demand for gloves is more than 300 billion pieces, owing to the pandemic.

Posted by Victor Yong > 2020-11-10 11:22 | Report Abuse

Bagus lah, top mgmt/insiders tengok permaju Ada masa depan yang cerah mau syernya :)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS PERMAJU INDUSTRIES BERHAD ("PERMAJU" OR THE "COMPANY") PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME INVOLVING UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) FOR ELIGIBLE DIRECTORS AND EMPLOYEES OF THE COMPANY AND ITS SUBSIDIARIES ("PROPOSED ESOS")

PERMAJU INDUSTRIES BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
Description PERMAJU INDUSTRIES BERHAD ("PERMAJU" OR THE "COMPANY")

PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME INVOLVING UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) FOR ELIGIBLE DIRECTORS AND EMPLOYEES OF THE COMPANY AND ITS SUBSIDIARIES ("PROPOSED ESOS")
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 16 October 2020 in relation to the Proposed ESOS, where applicable, unless stated otherwise or defined herein.)



Reference is made to the earlier announcement in relation to the Proposed ESOS dated 16 October 2020.



On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities has, vide its letter dated 23 October 2020, approved the listing of such number of new Shares, representing up to 15% of the total number of issued Shares (excluding treasury shares) to be issued pursuant to the Proposed ESOS.



The approval by Bursa Securities for the above is subject to the following conditions:-



(i) Mercury Securities is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to Paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation together with a certified true copy (“CTC”) of the resolution passed by the Shareholders in general meeting; and



(ii) Permaju is required to furnish Bursa Securities on a quarterly basis a summary of the total number of Shares listed pursuant to the Proposed ESOS, as at the end of each quarter together with a detailed computation of listing fees payable.





This announcement is dated 23 October 2020.

Posted by Victor Yong > 2020-11-10 11:39 | Report Abuse

Waiting for update on this venture :)

Date Announced Company Name
Type Subject Description
Shareholder Approval
INTRODUCTION
: 5 JUNE 2020
: PERMAJU INDUSTRIES BERHAD
: Announcement
: Others
: PERMAJU INDUSTRIES BERHAD (“PIB” OR “THE COMPANY”)
INCORPORATION OF NEW WHOLLY-OWNED SUBSIDIARY : No
The Board of Directors of PIB (“Board”) wishes to announce that the Company had on 5 June 2020, incorporated PERMAJU GLOVE SDN. BHD. [Registration No. 202001013397 (1369717-K)] (“PGSB”). (referred to as “Incorporation”).
INFORMATION OF PGSB
PGSB was incorporated on 5 June 2020 and is wholly-owned by PIB with an issued and paid-up capital of RM1.00 comprising 1 ordinary share.
The intended principal activity of PGSB is to manufacture, distribute, buy, sell and generally deal in rubber goods for industrial and commercial purposes and other related goods, wares and merchandise of every nature and description whatsoever.
The Director of PGSB is Mr. Teh Foo Hock. The shareholder of PGSB is as follows:
Name of Shareholder No. of Share Held Percentage of Shareholdings
PERMAJU INDUSTRIES BERHAD 1 100%
RATIONALE OF THE INCORPORATION
The Incorporation is mainly to facilitate the expansion of the business activities of PIB and its subsidiaries (“Group”).
FINANCIAL EFFECTS
The Incorporation will not have any material effect on the issued and paid-up capital of the Company and the substantial shareholders’ shareholding. The Incorporation also does not have any material effect on earnings per share nor net assets per share of the Group for the financial year ending 30 June 2020.
INTERESTS OF DIRECTORS AND/OR SUBSTANTIAL SHAREHOLDERS AND/OR PERSON CONNECTED TO THEM
None of the Directors and/or Major Shareholders of the Company and/or persons connected with Directors and/or Major Shareholders has any interest, direct or indirect, in the Incorporation, except for Mr Teh Foo Hock, the Director of PIB, who is also the sole Director of PGSB.
APPROVAL REQUIRED
The Incorporation is not subject to the approval of the shareholders of the Company.

Posted by Victor Yong > 2020-11-10 12:08 | Report Abuse

For remembrance


Permaju buys 17% stake in Meridian

PERMAJU Industries Bhd has bought a 16.97% stake in construction and property developer Meridian Bhd as part of a move into the property development business in Peninsular Malaysia. The stake buy cost Permaju RM26 million cash and was funded with internally generated funds, it stated in an exchange filing yesterday. The principal activities of Permaju are the provision of management services and investment holding.

Posted by Victor Yong > 2020-11-10 13:09 | Report Abuse

Rights issue

On 21 August 2020, the Company completed a rights issue exercise which involved the issuance of 936,309,855 rights ICPS and 93,630,984 Warrants, raising a total of RM46.82 million (“Rights Issue of ICPS with Warrants”).
The said proceeds have been utilised as follows:-
Utilisation of proceeds
Intended timeframe for utilisation from 21 August 2020
Proposed utilisation RM’000
Amount utilised as at the LPD
RM’000
Balance unutilised RM’000
(i) Development of the Mydin Project
(ii) Funding for automotive division
(iii) Repayment of bank borrowings
(iv) Estimated expenses for the proposals
Within 36 months Within 12 months Within 3 months Immediate
38,470 5,000 1,995 1,350
6,842 31,628 5,000 - 1,995 - 1,350 -
15,187 31,628
Total 46,815
Note:-
(1) The Group is currently involved in the construction of a 4-storey Mydin-branded
hypermarket on the Land which has been approved by Dewan Bandaraya Kota Kinabalu (“Mydin Project”). As at the LPD, the construction works for the Mydin Project has yet to commence. The construction works for the Mydin Project is expected to commence in the first quarter of 2021 over a development period of approximately 2.5 years.

Posted by Victor Yong > 2020-11-10 13:11 | Report Abuse

Steps taken by the Group to improve its financial condition
Historically, the Group was principally involved in the sale and distribution of motor vehicles, specifically the operations of dealerships of the Volkswagen and Ford franchises. This automotive segment of the Group has been incurring consecutive losses since 2007 due to the highly competitive environment in the automotive division. In view of this, in 2010, the Group diversified into property development via its 70% subsidiary, Hardie Development Sdn Bhd.
On 16 April 2018, Mercury Securities had, on behalf of the Board, announced that the Company proposes to undertake, amongst others, the Rights Issue of ICPS with Warrants. The Rights Issue of ICPS with Warrants was completed on 21 August 2020, raising a total of RM46.82 million. The proceeds from the Rights Issue of ICPS with Warrants was intended to be utilised mainly for the following:
(i) to fund the development of the Land including the Mydin Project, which will be leased out to Mydin Mohamed Holdings Bhd (“Mydin”) upon completion for a period of 20 years. The Group expects the rental income to be earned upon the completion of the Mydin Project, as well as the development of the surrounding plots to contribute to the Group’s future earnings and improve its financial performance; and
(ii) to increase its inventory levels of its automobiles and spare parts. This increase in inventories is expected to enable the Group to better meet demand for customers’ orders by reducing the average lead time for delivery of automobiles and services. A reduction in average lead time for both delivery of new vehicles as well as spare parts and services is expected to increase customer satisfaction, which may in turn lead to an increase in sales in the future.
Concurrently with the Rights Issue of ICPS with Warrants, the Company had also undertaken the settlement of an amount of RM22,248,918 owing by the Company to certain creditors via the issuance of ICPS (“Debt Settlement”). The Debt Settlement, which was completed on 21 August 2020, has improved the Group’s financial standing and ability to obtain more favourable financing terms by converting its existing debts into ICPS which are not redeemable for cash and are not entitled to any dividends.
In addition to the above, the Group has been implementing cost-cutting measures such as monitoring office expenditure and staff expenses closely for the automotive division. In addition, the Company is also working towards identifying marketing programs to boost the sale of automobiles and after-sales services.
However, the Group anticipates the economic landscape for the automotive industry to remain challenging due to softer demand as a result of the COVID- 19 pandemic as well as stiff competition from other automotive brands. As such, moving forward, the Group will be focusing on the development of the Land as well as delivery of the Mydin Project to generate revenues and profits for the Group moving forward.
Upon completion of the Mydin Project, the Group will earn rental income via the lease of the hypermarket to Mydin. In addition, the operations of a hypermarket on the Land is also expected to improve the demand for the Group’s other property development projects in the vicinity.
14

In addition, the Group has identified the luxury car rental business as a potential new source of revenue for the Group. This represents an expansion from the Group’s existing automotive business which entails the sale and distribution of motor vehicles. The Group intends to leverage on its existing resources and expertise in the automotive business to ensure the success of the new luxury car rental business.
Premised on the above as well as the overview and outlook of the automotive industry, the car rental industry and the property market in Malaysia, the Group is cautiously optimistic of its future prospects moving forward despite a challenging economic outlook ahead as the full impact of the COVID-19 pandemic gradually becomes observable.

Posted by Victor Yong > 2020-11-10 13:13 | Report Abuse

KUALA LUMPUR (Sep 1): Permaju Industries Bhd has teamed up with Vsolar Group Bhd for a RM217 million large-scale solar power project in Seremban.

The group said its unit Genbayu Gemilang Sdn Bhd has inked a joint venture (JV) agreement with Vsolar to regulate their relationship as shareholders of Cubetech Asia Sdn Bhd, which is bidding for the project.

"Cubetech Asia intends to submit its tender to build and operate a large-scale solar 4 (LSS4) proposed 50MW plant in Seremban subject to the terms and conditions stipulated in the JV agreement," the group said in a bourse filing.

"The project consists of terms including a concession period under a power purchase agreement with Tenaga Nasional Bhd, spanning 21 years starting from the commercial operation date by Dec 31, 2023," it added.

Under the agreement, Genbayu Gemilang will lease the required land to Cubetech Asia at no cost to undertake the project. The former will hold a 70% stake in Cubetech Asia, while Vsolar will hold the remaining 30% equity interest.

Permaju said Vsolar will manage and operate Cubetech Asia and assist the latter to secure financing for the project via a mixed of equity and debt financing amounting to RM173.6 million and RM43.4 million respectively.

Vsolar is also to assist Cubetech to secure a bid bond amounting to RM1 million and a performance bond totalling RM10 million in the event the latter is awarded with the project.

"The JV agreement will provide opportunities for the parties to establish a strategic partnership for various activities based on the respective parties' expertise and strengths which allow the parties to tap into each other's expertise, networks and resources," said Permaju.

Posted by Victor Yong > 2020-11-10 13:27 | Report Abuse

OCR, Permaju Industries to develop RM1 billion project in Kota Kinabalu
25 MAR 2019 / 21:29 H.
OCR, Permaju Industries to develop RM1 billion project in Kota Kinabalu

PETALING JAYA: OCR Group Bhd and Permaju Industries Bhd’s 70%-owned subsidiary Hardie Development Sdn Bhd will jointly develop a RM1 billion project in Kota Kinabalu, Sabah.

In a filing with Bursa Malaysia, OCR said its wholly owned subsidiary O&C Construction Sdn Bhd signed a memorandum of under-standing (MoU) with Hardie Development for the Princess Heights Project.


The project is located on 44.28ha of land belonging to Hardie Development.

O&C Construction and Hardie Development intend to jointly develop Stage 2 and Stage 3 of the Princess Heights Project on a 50:50 profit sharing basis.

Stage 2 of the project comprises Phase 1E (four-storey hypermarket) and Phase 1F (80 units of three-storey terraced shop/offices).

Meanwhile, Stage 3 of the project has been allocated for future development of commercial and residential properties, including e-commerce and lifestyle hub.

The gross development value of the project, excluding Phase 1E, is estimated at RM1 billion.

Upon completion of Phase 1E of the project, it will be leased to MYDIN Mohamed Holdings Bhd for a period of 20 years for the establishment and operation of its hypermarket and retail business. The total collectable rental is estimated at RM433 million.

Permaju Industries executive director Yvonne Chai Woon Yun the MoU is part of the group’s overall strategy to diversify into the property development.

“The Princess Heights project, will capitalise on the opportunities and benefits arising from the growth potential of Sabah’s property market. Going forward, we believe this project will further contribute to the company’s future earnings and improve its financial performance.”

Posted by Victor Yong > 2020-11-10 13:50 | Report Abuse

Permaju, makin maju tahun ini dengan banyak projek dibuat, dll :)

Dulu lain, kini lain .

Posted by Victor Yong > 2020-11-10 14:15 | Report Abuse

Dah untung, harga meridian kini adalah ~33sen per syer


PERMAJU INDUSTRIES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 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.

Posted by Victor Yong > 2020-11-10 14:18 | Report Abuse

Bagus, beli meridian pada harga yang rendah. Banyak potensi dalam pelancongan tempatan/domestik sebab ramai orang tak akan melancong di luar negara dan juga pendapatan rakyat terjejas.


Beli 100m syer pada 26sen/syer, kini, dah 33sen. untung tak direalisasi~RM7juta, terkacak, cool! :)


Prospects of Meridian



Meridian currently is developing its flagship project, Malaysia Tourism City (“MTC”) at Kuala Linggi, Melaka. The ultimate goal for MTC is to increase the arrival of tourist and prolong the overnight stay. The project comprises of leisure and entertainment, commercial, retail and residential components. MTC will feature the world’s first Hasbro branded water-themed park, Asia’s largest weekend market and outdoor adventure park.



This project is located at Kuala Linggi, Melaka where is a well-known tourist destination. It is a perfect weekend getaway near Kuala Lumpur. The project is expected to boost consumer spending, increase tourist inflow as well as to encourage local business and employment opportunity. It is believed that Meridan and Permaju may benefit mutually should there be any business tie-up.



This announcement is dated 27 October 2020.

Posted by Godofgambler > 2020-11-10 15:27 | Report Abuse

Permaju going to hit Rm0.50 soon!!!!

Posted by Godofgambler > 2020-11-10 15:41 | Report Abuse

Going to fly anytime!!!!

Posted by Good123 > 2020-11-10 15:59 | Report Abuse

buy queue is getting bigger, ready to rocket

Posted by Good123 > 2020-11-10 16:15 | Report Abuse

started flying clearing 18.5sen now

Posted by Good123 > 2020-11-10 16:16 | Report Abuse

very fierce the grab

Posted by Good123 > 2020-11-10 16:16 | Report Abuse

uptrend started hurray

Posted by Good123 > 2020-11-10 16:20 | Report Abuse

Dah ~10mil shares traded

Posted by Good123 > 2020-11-10 16:20 | Report Abuse

rigorous grabbing shares

Posted by Godofgambler > 2020-11-10 16:22 | Report Abuse

Permaju venture into HEalth industry soon!

Posted by Good123 > 2020-11-10 16:25 | Report Abuse

~10mil traded

Posted by Good123 > 2020-11-10 16:25 | Report Abuse

volume surged suddenly clearing 18.5sen, 20sen not faraway too

Posted by Good123 > 2020-11-10 16:36 | Report Abuse

could it be more explosive than netx? :)