Posted by BobAxelrod33 > 2023-03-06 10:07 | Report Abuse

Minorities shareholders would love for Bstead to take Pharma Private and let LTAT foot the bills for all those Debts.......LOL!!

Posted by Income > 2023-03-06 11:31 | Report Abuse

The seller (grandson) said his grandfather kept the stone for 100 years. He said the stone was worth more than a million dollars.
The buyer said Cut it open. Oh! Just a Fancy junk stone!
The buyer said It was worth 1 million before you cut it open. Your grandfather was trying to teach you a lesson on how everything should be viewed. The seller just dishonored his grandfather in a single cut.

Posted by i3lurker > 2023-03-06 13:14 | Report Abuse

I will propose a Newco called Amrahp, 100% owned by LTAT to take over the Monopoly with Gobermen, to bill whatever they feel like billing.

The Oldco called Pharma, the lung machine will be turned off.

Best Solution

QED.

Posted by Good123 > 2023-03-06 13:54 | Report Abuse

LHI, MCement, Pos, dll - banyak pilihan stok2 yg berpotensi... :)

good luck guys!

Posted by diamjela > 2023-03-06 14:23 | Report Abuse

LTAT buy over Boustead as plan to save Pharma next step?

Posted by BobAxelrod33 > 2023-03-06 14:26 | Report Abuse

A sucker bilis is born every minute. If you cannot keep up with the times, suggest you keep your money in Banks's FD.

Posted by i3lurker > 2023-03-06 14:39 | Report Abuse

(b) The Group’s term loan is secured over the land of a subsidiary (see Note 12)

At 31 December 2021, land with a carrying amount of RM9,457,000 (2020: Nil) is subject to a registered debenture to
secure bank loans granted to the Group (see Note 26(b))

Borrowings were unsecured other than above according to AR.
AR could be wrong of course.

That means LTAT and Boustead can just go jalan jalan cuti cuti Malaysia, no worries.

Posted by BobAxelrod33 > 2023-03-06 14:52 | Report Abuse

That RM 9+ million loan was as at Dec 2021. If not mistaken, in 2022, Pharma took out a RM 1 Billion soft loan for the purchase and payment of vaccine. This short term loan was to facilitate the switching of payments and receipts from MOH. However, as far as we know, MOH always issues Contracts with Revolving Credits......so what the H?

The short term loan would be due in a few months.

As for bankers' to approve Unsecured Loans, they usually require Directors' Guarantees, Corporate Guarantees and/or Holding Companies Guarantees.

Like it or not, these Debts has already made a dent in Bstead Financial Accounts.

Posted by BobAxelrod33 > 2023-03-06 14:54 | Report Abuse

The beautiful thing is Bstead allowed Pharma to run it into the grounds defies logic!

Posted by DickyMe > 2023-03-06 15:09 | Report Abuse

Belum bankrap ker?
Bila nak tutup kedai?

Posted by Income > 2023-03-06 16:48 | Report Abuse

Grandson would have just keeped the stone. That’s a precious stone which his grandfather gave to him. The stone is worth a million dollars in his grandfather heart

Posted by Income > 2023-03-06 17:30 | Report Abuse

The grandpa's lawyer tell him that his grandfather was about to give him $1 million if he doesn't cut the stone until he's 30... He's 29 now.

Posted by Cipta > 2023-03-07 09:44 | Report Abuse

The Board also announced the resignation of Datuk Zulkarnain Md Eusope and Zulkifli
Jafar from the Board. Datuk Zulkarnain and Zulkifli are then redesignated as
Pharmaniaga Chief Executive Officer and Deputy Chief Executive Officer, respectively.
Meanwhile, Mohamed Iqbal Abdul Rahman is redesignated as Chief Operating Officer.
These are aligned with Boustead’s groupwide policy to further encourage transparency,
good corporate governance and separation between the Board and Management. This
policy which is applied in all operating companies within Boustead Group, is in tandem
with the principles under the Malaysian Code on Corporate Governance.

Posted by Cipta > 2023-03-07 09:46 | Report Abuse

the CEO is kicked out of BOD. Haha

Posted by LossAversion > 2023-03-07 09:47 | Report Abuse

Don't perform, out you go! Isn't this good news moving forward!

Posted by Cipta > 2023-03-07 09:49 | Report Abuse

Yes! Seperate ofpower. BOD should counter check the management decision. If management sit in the board, who gonna check n balance.

Posted by BobAxelrod > 2023-03-07 09:50 |

Post removed.Why?

Posted by LossAversion > 2023-03-07 09:51 | Report Abuse

Well, the new person must clean the shit first before being called as HERO, lol

Posted by Cipta > 2023-03-07 10:02 | Report Abuse

or Pharma is bail out the shit left by PN. Shareholders to pay the price of vaccine. Agents laugh to the bank.

Posted by Johnchew5 > 2023-03-07 10:06 |

Post removed.Why?

Posted by BobAxelrod > 2023-03-07 10:08 | Report Abuse

You mean they drilled 10 holes and then get booted, but lived happily ever after??

Posted by investorbat > 2023-03-07 10:08 | Report Abuse

fill the gap today?

Posted by Cipta > 2023-03-07 10:09 | Report Abuse

These vaccines expire date was extended by our the then Health ministry led by KJ. The question is: Does Sinovac and WHO acknowledged the extension? Will customer accepted?

Posted by StartOfTheBull > 2023-03-07 10:10 | Report Abuse

Main Actor talk crabs number one.

Posted by amirulhaqeem > 2023-03-07 10:31 | Report Abuse

MCO see 4 ringgit now why below 30 sen

Posted by amirulhaqeem > 2023-03-07 10:32 | Report Abuse

what happen ?

Posted by pang72 > 2023-03-07 11:38 | Report Abuse

He said te situation affecting Pharmaniaga is very worrying and has potentially severe implications across the entire Malaysian pharmaceutical landscape, especially the public health sector.

“If the company deteriorates further, there could be a massive disruption to the supply of medicines and drugs to the public health system.”

Posted by pang72 > 2023-03-07 11:39 | Report Abuse

Government intervention very soon , else hospitals hv doctor but no medication

Posted by pang72 > 2023-03-07 11:40 | Report Abuse

Out HEALTHCARE system need a truthful revamp.

Posted by pang72 > 2023-03-07 11:42 | Report Abuse

Don't worry. New government will intervent soon

Posted by pang72 > 2023-03-07 11:43 | Report Abuse

The start privatisation BSTEAD..
Next to clean up the subsidiary company, one by one

Posted by pang72 > 2023-03-07 11:44 | Report Abuse

Better sell of phmaniaga to DPHARMA as one entity

Posted by nicholas99 > 2023-03-07 11:44 | Report Abuse

boustead sell pharma?

Posted by pang72 > 2023-03-07 11:45 | Report Abuse

Affin bank sold to Rhb or maybank
BSTEAD heavy can close shop.. So corrupted

Posted by pang72 > 2023-03-07 11:45 | Report Abuse

BPLANT sell to plantation land, payoff debt then delisted

Posted by pang72 > 2023-03-07 11:46 | Report Abuse

So, everything clean

Posted by pang72 > 2023-03-07 11:47 | Report Abuse

Wait for the best solution from pH government.

Posted by pang72 > 2023-03-07 11:48 | Report Abuse

This company surviving is up most critical than any other highway, MRT, flood project. Thousands people will hv no drugs if thing getting worst

Posted by i3lurker > 2023-03-07 11:50 | Report Abuse

very easy solution.
I will propose Pharma take over Petronas
and Govt pays Pharma RM1 Trillion for extreme hardship allowance to manage Petronas

Posted by Cipta > 2023-03-07 12:09 | Report Abuse

Since 40 years of Privatation policy, Malaysia still have many co in the name of GLC. Dulu gov je rugi, now public sama sama tanggung rugi. Only the politicians gain.

Posted by pang72 > 2023-03-07 12:18 | Report Abuse

Good suggestion..
I better propose Petronas pay pharma rm50 mils per QR as quarterly subsidy like father gives pocket money to children

Posted by pang72 > 2023-03-07 12:19 | Report Abuse

That why we need new government to revamp the entire corrupted system

Posted by BobAxelrod > 2023-03-07 12:25 |

Post removed.Why?

Posted by Cipta > 2023-03-07 12:32 | Report Abuse

Who decide and approve the purchase of 14mil doses vaccine last year a few months before election? Pharmaniaga until now did not answer the question!!!!

Posted by BobAxelrod > 2023-03-07 12:34 | Report Abuse

That buck will be pushed non-stop.....no questions......

But the solid Fact remains.......who will be paying the Debts??

Posted by BobAxelrod > 2023-03-07 12:38 | Report Abuse

The butler did it, the gardener did it, the maid did it, the janitor did it, the tea lady did it, the mailman did it, the milkman did it.......

Posted by Cipta > 2023-03-07 13:18 | Report Abuse

either MOH will buy it or Pharmaniaga write it off, Malaysian pay it.

Posted by BobAxelrod > 2023-03-07 13:23 |

Post removed.Why?

Posted by pang72 > 2023-03-07 13:35 | Report Abuse

Shld hv give it to private pharma Co own this pharma but all tender must open tender without makan duit and middle man...
I will say pharma can make huge profit then

Posted by Cipta > 2023-03-07 13:36 | Report Abuse

There are still many mystery required Zul to answer. Is this 14mil vaccines is the stockpile requested by MOH since we heard MOH keep asking ppl to take 3rd n 4th jap. Pharma is to bail out the mistake by KJ. Or Zul simply buy it without a single PO. If the CEO is clean and think he did the right thing, then he should attend coming AGM to answer all question. I bet he will resign before the AGM to avoid answer all those questions.