Dont talk about ECRL 1st. Based on past experience, this management team always disapointed me. Going to delist sooner if they cant come out with restructuring plan within the timeframe.
ECRL still takes few years to be completed but Reneuco would be delisted after few more months. No point talking too much about ECRL before it is out from pn17. ECRL would bring big profit to the company but at that time Reneuco would no longer a listed company in Bursa Malaysia. This is the main point.
Their LSS4 solar project in Pekan are facing delays for 6 months already. Everyday gov will charge 250K. Company takde duit, kena denda lagi how to survive? Let see if citaglobal got the power to help this co. Hydro power in Sabah pun tak tahu apa progress.. Pn17 lagi bank pun tacott nak bagi loan.. Rubbish
Renueco is just only sub con from MRL.MRL tak cukup duit untuk proceed project ECRL nak tunggu china government dapat pinjam tak.negara south east Asia sudah siap jalan hanya Malaysia saja buat bodoh.
If you look at daily technical charting, it is now due for another spike, short term trader likely can enjoy fruitty return 2-3 weeks. So, Just collect.
PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT Description RENEUCO BERHAD ("RENEUCO" OR THE "COMPANY") - MONTHLY ANNOUNCEMENT PURSUANT TO THE PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
================== Reference is made to the Company’s First Announcement dated 8 February 2024 and subsequent monthly announcements made by the Company in relation to the classification of the Company as an affected listed issuer under Practice Note 17. Unless otherwise defined, the definitions set out in the First Announcement shall apply herein.
Pursuant to paragraph 4.1(c) of Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of the Company wishes to announce that the Company is in the midst of formulating a regularisation plan to address its financial condition (“Regularisation Plan”) and shall make the necessary announcement(s) with regards to the development thereof accordingly. The Company has approximately 7 months to submit its Regularisation Plan to the relevant regulatory authorities for approval to implement the same.
Now u all small investor are fear the big player are very firm.renueco shall not delisted u all don't afraid.big player collect not enough they don't goreng.big player make big money.
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....
monreyes
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Posted by monreyes > 1 month ago | Report Abuse
any news tommypandaz...everyday drop