Posted by CL_Tiok > 2017-05-31 17:18 | Report Abuse

aiya.. got to tiok

Posted by Sk9864 > 2017-05-31 19:11 | Report Abuse

Aiya..drop sikit sudah lupa itu hutan 100k hectre

Posted by chl1989 > 2017-05-31 20:30 | Report Abuse

F**k. i dont want to tiok :)

Posted by irwan2108 > 2017-05-31 21:49 | Report Abuse

Can we buy a special issue?

Posted by chl1989 > 2017-05-31 22:54 | Report Abuse

talk to rhb founder :)

Posted by xanmama > 2017-05-31 23:14 | Report Abuse

Huh... special issue 10c not for us ah? Aiyoyo....

Posted by stockjobber > 2017-05-31 23:22 | Report Abuse

special issue 211 m shares to list tomorrow @.1

Posted by million96 > 2017-06-01 08:55 | Report Abuse

BRAVO DROP AGAIN WAITING TO BUY LOWER PRICE ... DROP DROP DROP PLS

Posted by azta12 > 2017-06-01 09:03 | Report Abuse

kutip.and keep.

Posted by million96 > 2017-06-01 09:03 | Report Abuse

IM SURE MANY BABIES CRYING NOW .... IF U LISTEN TO ME EARLIER U SHOULD SMILING NOW... JUZ BOUGHT IN 0.225....YES

Posted by SateMan > 2017-06-01 09:04 | Report Abuse

Kikiki

Posted by nekosan > 2017-06-01 09:06 | Report Abuse

CONGRATS million96

Posted by SateMan > 2017-06-01 09:09 | Report Abuse

Nice buy

Posted by Yin Yee > 2017-06-01 09:18 | Report Abuse

today red sea

Posted by traderman > 2017-06-01 09:20 | Report Abuse

ya, nice buy at 0.225, later can sell at 0.2

Posted by SateMan > 2017-06-01 09:22 | Report Abuse

Hahaha

Posted by winfly > 2017-06-01 09:37 | Report Abuse

Maybe not 0. 2 is sell at 0.18

Posted by gohky87 > 2017-06-01 10:28 | Report Abuse

this stock funny from 0.29 drop all the way to 0.225 :/

Posted by xanmama > 2017-06-01 10:42 | Report Abuse

Need to clarify again. I saw previous post stated that the special issues or RI is for all of us. But recently some posted stated that it is only for special VIP.... anyone can help to guide me?

Posted by jarodpretender > 2017-06-01 10:46 | Report Abuse

yes,xanmama.saya pun confius

Posted by xanmama > 2017-06-01 10:48 | Report Abuse

Need taikor or taikajie to guide.... Abang kakak

Posted by HitNRun12 > 2017-06-01 10:51 | Report Abuse

everyday drop... die liao

Posted by WhoKnows > 2017-06-01 10:54 | Report Abuse

just joined this bandwagon @ 225

Posted by ganurianz > 2017-06-01 10:55 | Report Abuse

special issue only for Rashid Hussin, his wife and Maha Gayabina to raise fund of RM21mil..yes they bought the shares @ 10sen but they are not entitled for dividend, voting in AGM etc...it just to raise fund to finance purchase or FMU5 timber concession...another milestone is to propose Right Issue (with bonus share) to current shareholders...dont know why suddently panic sell happening yesterday...business wise, PWORTH is still potential stock to invest, let see if they able to improve revenue on next quarter...happy trading/investing all :-)

Posted by xanmama > 2017-06-01 11:00 | Report Abuse

Oh.... thanks ganutianz. RI is still coming right? Different from the special right to VIP? The proposed RI will be 1 ordinary share can buy 2 RI shares with price of 10c and they give bonus share of 1?

Posted by Dennis Aung > 2017-06-01 11:05 | Report Abuse

crony counter , avoid..........

Posted by WhoKnows > 2017-06-01 11:10 | Report Abuse

still queuing for more @ 225, no one selling 225 anymore?

Posted by Sk9864 > 2017-06-01 11:25 | Report Abuse

Buy buy buy 225/23

Posted by semuthitam > 2017-06-01 11:35 | Report Abuse

Thank you ganurianz...

special issue only for Rashid Hussin, his wife and Maha Gayabina to raise fund of RM21mil..yes they bought the shares @ 10sen but they are not entitled for dividend, voting in AGM etc...it just to raise fund to finance purchase or FMU5 timber concession...another milestone is to propose Right Issue (with bonus share) to current shareholders...dont know why suddently panic sell happening yesterday...business wise, PWORTH is still potential stock to invest, let see if they able to improve revenue on next quarter...happy trading/investing all :-)

Posted by chris78 > 2017-06-01 12:05 | Report Abuse

They goreng from 0.10 (Feb/17) to 0.33 (May/17), agter that take profit. It you want to enter, wait until below 0.15....

Posted by mastertrader > 2017-06-01 14:48 | Report Abuse

down again pworth huhu

Posted by wisdomtot > 2017-06-01 15:09 | Report Abuse

this counter will undergo consolidation for next 2 months, at least... no need check it everyday

Posted by Ray Chung > 2017-06-01 16:04 | Report Abuse

wisdomtot means good or bad?..i thinkin of entering agn

Posted by SateMan > 2017-06-01 16:11 | Report Abuse

I think i want buy some today

Posted by CL_Tiok > 2017-06-01 16:30 | Report Abuse

i already buy more..

Posted by Ray Chung > 2017-06-01 16:36 | Report Abuse

dk this kind of share can long term or nt lmao

Posted by B4b4 > 2017-06-01 18:00 | Report Abuse

Pworth need RM 260m to buy 101,161 hectares of timber land in Trus Madi, Sabah. Raise money by special issues, right issues are normal. It is far better than borrow from banks, because Debts can Kill . That piece of land has valuation of RM 390 m, meaning Pworth bought it with a discount of 33% ! Give this stock a second look.

Posted by B4b4 > 2017-06-01 20:04 | Report Abuse

With more timber logs in production from Compartment 57 and 58, the volume of timber will increased many folds. Revenue and profit will surely go skyrocketed up.

Posted by SS29 > 2017-06-01 20:11 | Report Abuse

KUALA LUMPUR: Maha Gayabina Sdn Bhd, whose director and shareholder includes Tengku Badrul Hisham Tengku Mohd Salim, has become timber group Priceworth International Bhd’s largest shareholder with a 15% stake.

This followed Thursday’s listing of new shares issued to the company under a special issue, Priceworth said in a press statement.

“Priceworth is proud to have gained the confidence of a strategic investor in Tengku Badrul Hisham,” said executive director Richard Koo.

Maha Gayabina now holds 141 million shares in Priceworth’s enlarged share capital.

In total, Priceworth said, 211.8 million shares were issued at 10 sen each. The special issue has raised raise RM21.18mil, of which RM10mil will go towards part payment of the balance deposit for Priceworth’s unit GSR Pte Ltd’s proposed acquisition of Rumpun Capaian Sdn Bhd.

Rumpun Capaian’s 99.99% owned subsidiary Anika Desiran Sdn Bhd (ADSB), which holds a 100-year concession (up to September 2097) to carry out harvesting, forest management and rehabilitation, and industrial tree planting under the principles of sustainable forest management and environmental conservation within 101.161ha in Trus Madi, Sabah, known as Forest Management Unit 5 (FMU5).

Priceworth had allocated up to 30% of its enlarged paid-up capital for the special share issue, with up to 20% for Maha Gayabina.

Aside from Maha Gayabina, the other strategic bumiputra investors are former banker Tan Sri Rashid Hussain and his wife Puan Sri Emilahani Yang Mohd Yatim, who were allocated up to a 10% stake based on Priceworth’s earlier announcement to Bursa Malaysia.

Tengku Badrul said in the press statement: “We are happy to invest for the long term through Priceworth in Sabah’s green heritage. We want to invest in a sustainable forestry project with a long-time horizon. We want to be part of Sabah’s future.

“We will be holding our stake for the long term as we see value. As part of our commitment, we will be writing in to Priceworth to request a seat on the board.”

Priceworth, whose concession has raised concerns among environmentalists, said the tough course taken by Sabah over the last 20 years to implement sustainable forest management practices had created a legacy that would benefit all Sabahans, preserving its natural heritage while managing a precious resource for future generations.

It said through the Sabah Forestry Policy, the Government had identified areas that must be conserved as Protection Forests as well as areas which are suitable to be Production Forests that must be sustainably managed to ensure permit a perpetual supply of forest products for both subsistence and industrial uses.

“Through natural forest management of Production Forests, Sabah can establish the right balance between its cultural and heritage needs and its economic needs,” said Koo.

“This is a game-changer for Sabah’s timber industry which must shed short-term thinking and must commit wholly to long-term objectives which are sustainability and renewability. In the future, the way forward has to be wood products with the necessary certification that come from sustainable forests.”

Priceworth explained that ADSB was required to plant, rehabilitate and harvest forests under the principles of sustainable forest management and environmental conservation for economic, environmental and social purposes as imposed by the terms of the sustainable forest management licence agreement (SFMLA).

“Managing FMU5 properly is a big responsibility for Priceworth, but we are proudly accepting it and will rise to the challenge,” Koo added. “With 81 years remaining on the SFMLA, we have committed to sustainable forest management, and we are prepared for the long haul. With such a long tenure, we can afford to be patient and keep investing in the future.”

Priceworth said it had already established its track record in sustainable forest management practices, and would be producing next year its first Forest Stewardship Council-certified harvest from part of its existing 28,000ha under management.

Last month, the Sabah Forestry Department gave its approval for ADSB, which has appointed Priceworth’s unit Sinora Sdn Bhd as contractor, to start operations in Compartment 57 and Compartment 58 in Trus Madi.

As the contractor, Sinora agrees to buy from ADSB the logs it extracts at RM5 net per cu metre for all sizes, species and grades.

The price excludes the log extraction charges, royalty, premium, cess and any other statutory charges to be borne and paid by Sinora directly to the Sabah Forestry Department for and on behalf of ADSB.

Priceworth shares closed on Thursday at 23 sen, down 1 sen, with 30.72 million shares changing hands.

Posted by B4b4 > 2017-06-01 22:22 | Report Abuse

Tmr will go uptrend since timber demand is good .

Posted by jarodpretender > 2017-06-01 22:23 | Report Abuse

ss29 ...tqvm bro

Posted by azta12 > 2017-06-02 00:23 | Report Abuse

so no worry if you do your homework,, every plans goes as scheduled . more in the pipelines. kutip on weakness,

Posted by azta12 > 2017-06-02 00:28 | Report Abuse

Tengku Badrul said, We will be holding our stake for the long term as we see value.

Posted by low9399 > 2017-06-02 00:55 | Report Abuse

Tq ss29 but where do u get this statement from? Mind to share tq ss29

Posted by azta12 > 2017-06-02 01:24 | Report Abuse

thestar .com,my/bussiness news.

Posted by ganurianz > 2017-06-02 05:37 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/06/01/maha-gayabina-emerges-as-priceworths-biggest-shareholder-with-15pc-stake/

Posted by B4b4 > 2017-06-02 07:50 | Report Abuse

Pworth has very influential shareholders in this new Corporate Proposals which is now almost fully completed. The last one will be rights issues and bonus shares for the loyal shareholders. Then next will be the completion of S& P of 101,161 hectares of timberland. Then next some new listing in SGX , if I am not wrong on this part. Then .........the price will fly up.....simply because top line will improved by many folds

Posted by B4b4 > 2017-06-02 07:57 | Report Abuse

Futhermore, with many strong shareholders buying into Pworth, surely this counter is good to go up.

Posted by rancidivy > 2017-06-02 09:45 | Report Abuse

Going up now... go go go..

Posted by hklcheng > 2017-06-02 09:49 | Report Abuse

yesterday who sell at 22sen, cry now....