Posted by Narialse > 2020-01-21 13:31 | Report Abuse

The time for the aussie fund or anyone in charge to show that they have a credible ability to turn the company around was during the hearing for the winding up petition. Now that judgement has been passed, the company effectively out of business and any directors have no say in the day to day activity. All power resides in the liquidator who will now sell off for any assets the companies owns to the highest bidder. These assets include any recipes and trademarks the London Biscuits own.

The cheapest option for any 'white knight' who wants to save the company now is to form a new company and buy all these assets including IP such as recipes and product names from the liquidator at these discounted rates and sell them as their own. Where this leaves shareholders of London Biscuits is shit out of luck because why would you buy shares in a company that is being wound up? Or why would you 'invest' in a company without finding out what a winding up order actually means? Answer is you were gambling. Poorly.

Posted by sasword > 2020-01-21 16:27 |

Post removed.Why?

Posted by Trouble Huat > 2020-01-21 18:28 | Report Abuse

already being warned. some believe fairy tale that this stock will up. whoever buy, take it as your lesson. there is no free lunch in this word. do study before lose your hard earned money. unless u like to lose. haha

Posted by William Ng > 2020-01-21 18:59 | Report Abuse

Those who buy this stock is gabling

Posted by CharlesT > 2020-01-22 05:10 | Report Abuse

Narialse The time for the aussie fund or anyone in charge to show that they have a credible ability to turn the company around was during the hearing for the winding up petition. Now that judgement has been passed, the company effectively out of business and any directors have no say in the day to day activity. All power resides in the liquidator who will now sell off for any assets the companies owns to the highest bidder. These assets include any recipes and trademarks the London Biscuits own.

The cheapest option for any 'white knight' who wants to save the company now is to form a new company and buy all these assets including IP such as recipes and product names from the liquidator at these discounted rates and sell them as their own.

no need to pay bank loans of RM300M+ ah?

Posted by Narialse > 2020-01-22 07:42 | Report Abuse

That's why no point to save the shareholders, if you have the money, just form a new company and buy the IP etc at firesale from the liquidator. For sure it's not worth RM 330million.

Posted by EatCoconutCanWin > 2020-01-22 10:08 | Report Abuse

why stop trading?

Posted by Narialse > 2020-01-22 10:47 | Report Abuse

Because the company's stopped work, having it's assets sold off and will be dissolved. Look up court ordered winding up process.

Posted by Daily8 > 2020-01-22 11:25 | Report Abuse

CharlesT, NO COMPANY EVER DARE TO TAKE OVER. Valuation of assets need time. All debts with be compounded with interest.

But I think they have swapped to kheesan

Posted by CharlesT > 2020-01-22 17:30 | Report Abuse

Hole is too deep n too big oredi...

Posted by tigerball > 2020-01-23 10:26 | Report Abuse

eat coconut till crazy? u simply buy at low??? hahahah

Posted by Alan Lobster > 2020-01-23 21:12 | Report Abuse

Alvin Tsk now bones also gone....all gone .....I think u desperately need an ambulance

Posted by i3lurker > 2020-01-23 21:17 | Report Abuse

its cheaper to liquidate.

branding is cheap in internet age.

does not cost much to build up a brand.

you should have sold when there was some value at 8 sen and above...

Posted by icecool > 2020-01-23 21:23 | Report Abuse

ah soon can say bye bye

Posted by AlvinTSK > 2020-01-24 07:31 | Report Abuse

As shareholder, still not too late to go collect scrap metal from london biscuit site right ?? lol
Need to break even ... hehe

Posted by Alan Lobster > 2020-01-24 18:02 | Report Abuse

OMG all gone with no chance to rebound...its like throwing hard earned money into the Deep Red Sea...human greeds kills ...

Posted by Zuliana > 2020-01-24 18:18 | Report Abuse

Which bank pinjam kepada Lonbisc? Bank oso need to Jump klcc?

Posted by calvintaneng > 2020-01-24 18:30 | Report Abuse

Already gave ample warning to sell London Biscuit on 13 Jan 2020

See

Posted by calvintaneng > Jan 13, 2020 11:12 AM | Report Abuse X

SELL LONDON BISCUIT BEFORE IT CLOSED SHOP LIKE UTUSAN

THEN SEE

LOOK AT THESE FACTS

1) AUGUST 2019

NETX DIRECTORS USE ASIABIO TO BUY 103 MILLION NETX SHARES FROM OPEN MARKET

2) PP WHICH SHOULD BE POSTPONED TO JAN WERE URGENTLY BROUGHT FORWARD TO NOV 2019 & EAGERLY ALL TAKEN UP AT 1.89 SEN


3) IN DECEMBER 2019 EMPLOYEES OF NETX EAGERLY TOOK UP 50 MILLION NETX SHARES at 2 SEN

WHILE OUTSIDERS AND NAYSAYERS TALK AND TALK BAD ABOUT NETX INSIDERS/DIRECTORS OF NETX JUST BUY AND BUY


ANY ONE HERE TOOK CALVIN KIND ADVISE & SWITCHED TO NETX?

Posted by Alan Lobster > 2020-01-25 20:32 | Report Abuse

https://www.theedgemarkets.com/article/supplier-granted-court-order-wind-london-biscuits-unit-defaulted-rm5m-loan

Posted by Alan Lobster > 2020-01-25 20:35 | Report Abuse

5 mil loan default , 7 mil mafket capl only ...looks.like a bye bye american pie ...

Posted by AlvinTSK > 2020-01-26 15:38 | Report Abuse

Kinos Industries still operational!! So still got chance that we get something from there ... So why worry?? lol

Posted by Kho Hon Hua > 2020-01-29 15:43 | Report Abuse

any update on this stock ?

Posted by Narialse > 2020-01-29 18:36 | Report Abuse

Yes, the outcome of the EGM on 23 January is null and void because the company is being wound up. If you have money in this company, it is as good as gone.

Posted by Jeffreyteck > 2020-01-30 07:10 | Report Abuse

Just sue past auditors, bod and management since no action by relevant authorities.

Posted by Narialse > 2020-01-30 11:52 | Report Abuse

To a degree yes, but if you bought after the winding up order was given, you only have yourself to blame.

Posted by popup123 > 2020-01-30 23:26 | Report Abuse

The AGM not on 31/01/2020?

Posted by iwantberich > 2020-02-06 19:24 | Report Abuse

We refer the Company’s previous announcements dated 18 September 2019, 30 September 2019, 7 October 2019, 21 October 2019, 23 October 2019, 24 October 2019, 21 November 2019, 3 December 2019, 6 December 2019, 31 December 2019, 7 January 2020 and 13 January 2020 (“Announcements”). Unless otherwise defined in this announcement, the terms used herein shall have the same meaning as defined in the Announcements.



The Company wishes to announce that the liquidator has set 02 March 2020 for parties interested in the Company’s assets and businesses to submit bids or proposals.

The Company will make necessary announcements as and when there are further developments.



This announcement is dated 06 February 2020.

Posted by iwantberich > 2020-02-06 19:24 | Report Abuse

Good news coming on 02 Mar 2020, lets see

Posted by Narialse > 2020-02-06 20:35 | Report Abuse

What happens on 2nd march is the liquidator will lelong the company's assets to the highest bidder. The proceeds of which will be used to pay the company's debts. The total assets of the company cannot cover the total debts so the shareholders will be left with nothing.

Posted by Depeche > 2020-02-06 23:38 | Report Abuse

Debts too heavy....bail out by white knight unlikely.

Posted by Alan Lobster > 2020-02-07 07:46 | Report Abuse

bye bye london choco roll....

Posted by EngineeringProfit > 2020-02-07 07:49 | Report Abuse

Sad. Used to be my favourite in my earlier days. Bye!

Posted by hohoho123 > 2020-02-07 12:17 | Report Abuse

https://www.theedgemarkets.com/article/%E4%BC%A6%E6%95%A6%E9%A3%9F%E5%93%81%E6%B8%85%E7%9B%98-3%E6%9C%882%E6%97%A5%E7%AB%9E%E6%A0%87%E8%B5%84%E4%BA%A7?fbclid=IwAR1gIGKYIfM8yptLky2SAOitQfUXooK2zh-mEr3xdMGoaMRcK02AFGrieKM#

Posted by Jeffreyteck > 2020-02-20 09:24 | Report Abuse

"London" brand is belonged to which company? In Thai, packaging stated manufactured by Kheesan. Liquidator owes to list down all receivables written off.

Posted by EatCoconutCanWin > 2020-02-20 10:23 | Report Abuse

go bangkrap la.. for what you sent stupid letter to me. told to damn vote la, you think your company cake taste good meh? walao eh..

Posted by Kho Hon Hua > 2020-02-25 14:23 | Report Abuse

this got any news ?

Posted by ivan9511 > 2020-03-30 13:09 | Report Abuse

Just wonder now all biscuits is selling hot as we can see at anywhere shop market 99 all keep buying biscuits.
I wonder Hupseng and London biscuits can made a super big money in the future?

Posted by Kent33888 > 2020-05-04 23:23 | Report Abuse

Waiting for 2021,even hopeless...for this company only sell products in few store

Posted by Miz Raya Bloom > 2020-05-07 10:30 |

Post removed.Why?

Posted by apolloang > 2020-05-16 01:44 | Report Abuse

uncle pang u no come here say positive words? hahaha

Posted by apolloang > 2020-05-16 01:55 | Report Abuse

ask uncle pang to pray for u this counter,he's very positive....hahaha

Posted by ezx7 > 2020-05-27 12:44 | Report Abuse

So what's going to happen now.. sigh..

Posted by kok_wai1985 > 2020-07-11 12:31 | Report Abuse

Is that London Biscuit go bankrupt?

Posted by icha6285 > 2020-07-11 20:55 | Report Abuse

london biscuit was a good profit company but company owner misdoing wrong investment at singapore and make alot of losses there...

Posted by frankietan > 2020-10-14 15:09 | Report Abuse

Any news about this counter ?

Posted by wlcl59 > 2020-12-03 18:31 | Report Abuse

any news about this counter ?

Posted by trum > 2021-06-26 09:47 | Report Abuse

I am one lot shareholder of London biscuit and in the end and get nothing in return.

Posted by thokp > 2021-06-27 21:05 | Report Abuse

All ikan bilis still alive?

Posted by Citadel9999 > 2021-06-27 21:14 | Report Abuse

jadi ikan masin lor hahaha

Posted by felet404 > 2023-12-10 09:18 | Report Abuse

Looks like another conman counter? Go listed then milk the company dry?