Posted by freetospeak > 2020-05-10 18:17 | Report Abuse

Those who say boss disposing mus b joking...he is no longer boss n insider now.

Posted by freetospeak > 2020-05-10 18:19 | Report Abuse

So the price can only go up since after ex boss dump all share n still hanging high. It already show other parties r absorbing his share. He disposed much of his share off market..he sell to who?

Posted by leechen88 > 2020-05-10 18:25 | Report Abuse

Sell to datuk liew or sultan ? ? Imagine ..... is is is

Posted by patrick8 > 2020-05-10 18:30 | Report Abuse

Buy, don't buy. If in doubt, buy small volume.
This is a penny stock.

Posted by hoowk77 > 2020-05-10 18:32 | Report Abuse

122m to do 27.5b project ...crazy. assets is still hutang la. Next tuesday is t3 & coming

Posted by hoowk77 > 2020-05-10 18:36 | Report Abuse

LI or PO is only a pc of paper until all initial payment & payment guarantees is executed

Posted by hoowk77 > 2020-05-10 18:44 | Report Abuse

135mil ++ ICPS at 0.13 recently listed...at current price comes with healthy margin. Directors also hunger for profit.....

Posted by stncws > 2020-05-10 18:54 | Report Abuse

good chance bottom buy

Posted by freetospeak > 2020-05-10 18:55 | Report Abuse

Its still early stage of contract n during mco u go where get approval.all miners not working also.

Posted by Cojack31 > 2020-05-10 19:15 | Report Abuse

Logic. Buy2..

Posted by lclwyp > 2020-05-10 20:02 | Report Abuse

The directors won't but they can simply announce both parties mutually cancel the Purchase Order. It's so easy. Just one announcement.

By rights Ageson should give more info on GKI to give confident to investors. If GKI can give a PO of RM27.5b, its name should be able to find over internet

Posted by Runggi > 2020-05-10 20:11 | Report Abuse

something we never know. but they know

Posted by hoowk77 > 2020-05-10 20:13 | Report Abuse

Exactly. 27.5b should involved the chinese gov coz sand is for reclaim land & huge development

Posted by lclwyp > 2020-05-10 21:23 | Report Abuse

Per announcement, whoever wanted to view the Purchase Order needs to sign a non-disclosure agreement. Is this normal practice or something fishy?

Posted by Larrie Chew > 2020-05-10 21:26 | Report Abuse

hahaha winner winner chicken dinner! How come so many sore losers appeared here?

Posted by Ravi Kumar > 2020-05-10 21:27 | Report Abuse

https://www.malaymail.com/news/malaysia/2020/05/09/no-approval-given-to-ap-holders-to-export-sand-to-date-says-ministry/1864683

Posted by Larrie Chew > 2020-05-10 21:28 | Report Abuse

You believe you win money in Ageson, if you don't believe. Just go to other counter.............

Posted by Ravi Kumar > 2020-05-10 21:29 | Report Abuse

Wow looks like Tuesday might be a hot day given Malay Mail's reporting from JMG which is part of the Ministry of Energy and Natural Resources. Odd that a post like that has been removed as it is in a public domain.

Posted by newbie8080 > 2020-05-10 21:33 | Report Abuse

I think no need to argue or debate further.

Whoever want to buy, should load up as much as you can on Tuesday since you believe it will worth much more in the future.

Whoever want to sell, should sell off everything and move on since this counter is risky and the PO doesn't justify.

Whoever, want to sit on the fence and watch first, just go ahead and look and monitor further.

Posted by O'Brian > 2020-05-10 21:33 | Report Abuse

Wow what happen..............To be continue!

Posted by 靓女 phoon phoon > 2020-05-10 21:37 | Report Abuse

Nice

Posted by YoungTycoonWILL > 2020-05-10 21:44 | Report Abuse

HOT HOT HOT, looks like TUESDAY AGESONPRICE WILL BOOOOOOOOM! UP UP AND AWAY!

Posted by Atlan > 2020-05-10 21:50 | Report Abuse

Roller coaster coming

Posted by UraniumKing68 > 2020-05-10 21:54 | Report Abuse

Malaysian Covid-19 test kits approved for EU sale

Two Covid-19 test kits developed by a Malaysian company has been approved for sale in the European Union, the company said in a statement today. The company, Medical Innovation Ventures Sdn Bhd (Mediven), said its "GenoAmp Real-Time RT PCR SARS-CoV-2" test kits use the reverse transcription-polymerase chain reaction (RT-PCR) technique to detect the presence of the virus that causes Covid-19. It identifies the SARS-CoV-2 virus through three genetic markers in the virus’ genome that are less prone to mutation. “The kit is specifically designed to target the conserved regions of these genes. “By targeting three different genes, it increases the sensitivity of the test in detecting SARS-CoV-2, because should the virus mutate, the chances of all three targets mutating is low,” said scientist Nicole Tang, who developed the test. The company had previously announced the successful development of the kits on March 18, using government funding channelled through the Malaysia Technology Development Corporation. The company is currently offering two types of test kits that can detect the virus that causes Covid-19. One type can detect the virus alone, while the other type can be used to screen other influenza and influenza-like illnesses as well. The kits’ reagents come in a premixed form, which Mediven operations director Lim Li Sze claimed is ready-to-use and cuts processing time from six hours to three hours. The company claimed that the Institute of Medical Research (IMR) had tested the kits and found its performance to be in line with standards set by the World Health Organisation and the US Centres for Disease Control. IMR had previously developed its test kit on Jan 11, on the same day scientists in China published the necessary information on the virus’ genetic sequence. Neither the IMR nor Mediven has publicly released data on its tests’ performance.

Posted by Printing U.S Dollar Dollar Dollar > 2020-05-10 21:55 | Report Abuse

Can we buy it? How much?

Posted by O'Brian > 2020-05-10 21:56 | Report Abuse

WOW, So how many test kits has been supplied to MOH before you start talking about exports to EU ?

Posted by O'Brian > 2020-05-10 21:57 | Report Abuse

By the way.........Happy mothers day! Just had my fattening dinner! yum yum

Posted by 靓女 phoon phoon > 2020-05-10 21:59 | Report Abuse

Guy, They need make money first and thats their priority. Although they got their funding from tax payers.

Posted by shortinvestor77 > 2020-05-10 22:09 | Report Abuse

All related parties in Terengganu and Pahang will use their positions and political influences to obtain benefits from Aged. After all, Malaysia relies on export to boost economy, what more if sand carries no harm but tighten relationship with China.

Posted by ViVaFoReVeRLOVE > 2020-05-10 22:25 | Report Abuse

Good evening Happy investors of Ageson, Just my 2cent and correct me if i am wrong, About those fuzz and buzz news, Is a govt servant representing the entire federal and state govt? Is it all business collaboration needs to report to govt servant? Wah like that very tired lo, total all 32 ministers and 37 deputy ministers.....impressive! Apparently, this is just a business collaboration..... Does anyone here knows that most AP are owned by who? Loads of Rumors says AP mostly owned by ROYAL FAMILIES, rumors only ok...... Luckily i bought Ageson at price range 0.075, still got lots of stock.....Who wants, can buy from me!

Posted by NancyDrewWhite > 2020-05-10 22:27 | Report Abuse

wah, bojio ah ViVaFoReVeRLOVE, HUAT CHAI also bojio me ah!

Posted by stncws > 2020-05-10 22:28 | Report Abuse

YOU CAN NOT DIRECT TO MINISTER FOR A PERMIT..

U MUST GO OFFICER FIRST..

Posted by BABIKING > 2020-05-10 22:29 | Report Abuse

Seems like Ageson POWER TRAIN is ON! hehehe

Posted by firehawk > 2020-05-10 22:29 | Report Abuse

when they replied to Bursa their sites are in Malaysia (Trengganu, Pahang), i think they gain trust ... in contrast, if they said in Philipines, that may rise a lot of doubt .....

Posted by BABIKING > 2020-05-10 22:29 | Report Abuse

AGESON SHARE PRICE TP x30! MORE ENERGY COMING IN! YAHOOOOO

Posted by DatoSeriJohnnyWalker > 2020-05-10 22:34 | Report Abuse

Hi guys, there's the answer!

Announcement from Ageson in Bursa

Q6. Whether the sands are sourced within Malaysia or outside of Malaysia. If outside Malaysia, to
provide clarification on whether the company has obtained the necessary approvals from the
relevant authorities (for the period of the PO, i.e. 15 years).

Answer. The sands to be supplied to GKI is from Malaysia.

Posted by DatoSeriJohnnyWalker > 2020-05-10 22:35 | Report Abuse

It's johnny walker time, yum seng!

Posted by Larrie Chew > 2020-05-10 22:37 | Report Abuse

Winner winner chicken dinner!

Posted by Larrie Chew > 2020-05-10 22:37 | Report Abuse

Cheers DatoSeriJohnnyWalker! I drink orange juice only hehe

Posted by DatoSeriJohnnyWalker > 2020-05-10 22:40 | Report Abuse

YEAH JayC88 and Larrie Chew , let's yum seng and celebrate kaw kaw tonight! Tuesday Ageson share price sure surge up KAW KAW also!

Posted by GodOfWar > 2020-05-10 22:41 | Report Abuse

Wah lao eh you guys, celebrate midnight one argh? My mother now sleep liao lo....... yiu

Posted by Larrie Chew > 2020-05-10 22:42 | Report Abuse

GodOfWar , my mother is a night OWL! slurp slurp, nice orange juice!

Posted by happylucy > 2020-05-10 22:44 | Report Abuse

Happy Mothers day...... night night alr ZZZZzzzzZZZZZzzz

Posted by TerryJong > 2020-05-10 22:48 | Report Abuse

there are any problems with the projects in Singapore and Hong Kong ?

Posted by BABIKING > 2020-05-10 22:48 | Report Abuse

POWERED BY Ageson 7145 MRT is Going choooooooooooo choooooooooooooooooooooooo.

Posted by ViVaFoReVeRLOVE > 2020-05-10 22:50 | Report Abuse

NancyDrewWhite, confirm jio you for huat cai! Let's all together huat cai from Ageson!

Posted by KennyDowJones > 2020-05-10 22:54 | Report Abuse

AGESON BERHAD (FORMERLY KNOWN AS PRINSIPTEK CORPORATION BERHAD)
(“AGESON” OR THE “COMPANY”)
ADDITIONAL INFORMATION
AWARD OF PURCHASE ORDER (“PO”) FROM GUANGZHOU KAISHENGDA INDUSTRIAL
CO., LTD TO ESA PILE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
FOR THE PURCHASE OF SAND, CONTRACT VALUE OF APPROXIMATELY RMB44.8
BILLION (EQUIVALENT TO APPROXIMATELY RM27.5 BILLION) (“AWARD OF PO”)
Unless otherwise defined, the terms and definitions used herein shall have the same meaning as defined in
the announcement dated 4 May 2020 in relation to the Award of PO. The Board wishes to furnish the
following additional information pertaining to the Award of PO, as follows:-
1. All the salient terms and conditions of the PO and whether a definitive contract will be drawn
up for the supply of sand.
All the salient terms and conditions of the PO are as follows:
(i) Demand capacity : River sand: 50,000,000 cubic metre / year *
Sea sand: 100,000,000 cubic metre / year *
(ii) Tenure : 15 years
(iii) Mining capacity : 30,000 cubic metre / hour : 180,000,000 cubic metre / year
(iv) Transportation
capacity
: 4,500 shipments /year : 50,000 tonnes / shipment
Note:
* The purchase price is based on market price of sand mutually agreed by Esa Pile and GKI.
There will be no definitive contract to be entered into between Esa Pile and GKI for the supply of
sand. Esa Pile is currently awaiting the letter of credit to be issued by GKI’s issuing bank.
2. The basis to arrive at the contract value of approximately RMB 44.8 billion (equivalent to
approximately RM27.5 billion)
The basis to derive the contract value of approximately RMB 44.8 billion (equivalent to
approximately RM27.5 billion) was based on the following:
(i) Demand capacity (cubic metre / year) : River sand (non-salted sand): 50,000,000
Sea sand (salted sand): 100,000,000
(ii) Demand capacity (tonne / year) * : River sand: 76,500,000
Sea sand: 153,000,000
(iii) Purchase price (RMB / tonne) : Based on willing buyer-willing seller agreed
price negotiated and agreed by the Parties
prior to the award of PO to Esa Pile.
(iv) Tenure : 15 years
Note:
* Based on 1 cubic metre equals to 1.53 tonne.
3. The basis to determine the purchase price / market price of the sand.
2
Based on willing buyer-willing seller agreed price negotiated and agreed by the Parties prior to the
award of PO to Esa Pile.
4. Whether the PO will result in the diversification in operations of the Group pursuant to
Paragraph 10.13 of the Main Market Listing Requirements, together with the basis and
justification.
The Company expects the supply of sands to GKI to contribute more than 25% or more of the net
profits of Ageson and its subsidiaries (“Group”)’s net profit and/or result in a diversion of 25% or
more of the Group’s net assets for the financial year ending 30 June 2021.
Pursuant thereto, the Company shall seek shareholders’ approval for the proposed diversification of
the Group’s business to include sand trading business pursuant to Paragraph 10.13(1) of the Main
Market Listing Requirements of Bursa Malaysia Securities Berhad in the forthcoming annual general
meeting.
Notwithstanding the proposed diversification, the Company intends to continue with the Group’s
existing business in the same manner.
5. To clarify whether Esa Pile (or any other entities within Ageson) has sand mining operations
and whether there is adequate expertise in this area. If not, whether
Esa Pile will be partnering with any third party to deliver the PO, and if yes, what is the profit
sharing ratio.
Esa Pile does not have sand mining operations.
The Company believes that the Group has the relevant expertise, capacity and capabilities by
leveraging on several long-established business partners in sand business which has obtained
approved permit for export of sands to overseas and experienced subcontractors in sand supply.
In addition, the Company has engaged several experienced and competent subcontractors to
undertake the sand supply to GKI, whereby Esa Pile will be relying on the technical expertise of the
subcontractors team members that had experienced in dredging, channel deepening, desilting and
declogging projects and sand washing operations in South East Asia region.

Posted by KennyDowJones > 2020-05-10 22:54 | Report Abuse

The experience of the following subcontractors are as set out below:
(i) Tony Hong, aged 59
Tony’s involvement with the sand industry spreads over 3 decades. He is one of the industry
pioneers in Singapore for both reclamation and construction sand. He specialised in site
surveying, extraction and handling of both reclamation and construction sand.
Tony has vast technical knowledge in most dredging equipment (onshore and offshore) which
allows him to design and configure work methods most suitable for the site to achieve optimum
efficiency. He was one of the selected few pioneers whom has involved in the construction of
the very first jetty in Mawlamyine Myanmar for the loading of construction sand to Singapore.
(ii) Lucas Tan, aged 44
Lucas started his career in sand industry from 2015. He is experienced in identifying sand site
quality and workability, loading and discharging operations. In 2015, he was involved in the
3
direct supply of 2 million cubic metres of reclamation sand from Vietnam to Jurong Island
project. He was part of the sand site exploration team which surveyed various sand sites in
Cambodia, Vietnam, Myanmar and Philippines for sand export to Singapore. In 2016/2017,
Lucas was involved in the Vietnam sand supply and discharging for Hyundai.
(iii) Roby Sahuri, aged 27
Roby started his career with Starhigh AP Pte Ltd as site operation supervisor. During this time,
he was in charge of various sand loading sites in Vietnam, Cambodia and Myanmar. After
leaving Starhigh AP, he was engaged to manage a sand site in Philippines, in charge of the site’s
entire operational aspects. He is also well exposed in site survey and sand quality control.
(iv) Nathan Ngo, aged 31
Nathan specialised in marine coordination and offshore loading of sand to Bulk Carriers. He
was involved in more than 200 shipments from Vietnam to Singapore. He also amassed much
experience on Philippines together with Roby. He is also experienced in sand site surveying and
sand quality control.
The project fees will be progressively pay to the sand supply business partners and sub-contractors
based on the percentage of work done for the supply of sands to GKI.
6. Whether the sands are sourced within Malaysia or outside of Malaysia. If outside Malaysia, to
provide clarification on whether the company has obtained the necessary approvals from the
relevant authorities (for the period of the PO, i.e. 15 years).
The sands to be supplied to GKI is from Malaysia.
7. Detailed clarification on the company capacity and capabilities of Esa Pile Sdn Bhd to supply
such substantial amount of sand to fulfil the PO.
Kindly refer to Section 5 of this announcement.
8. The source of sands to be procured in order to fulfil the PO.
From Terengganu and Pahang
9. The source of funds to finance the working capacity for the supply of sand.
The Company will finance the working capital for the supply of sand through internally generated
funds, bank borrowings and/or collection of stages of works payment from the issuing bank of GKI
for LC throughout the project period of 15 years. The breakdown of the source of funding will only
be determined later and will depend on, amongst others, the Company’s cash reserves and future
funding requirement.
This announcement is dated 8 May 2020

Posted by KennyDowJones > 2020-05-10 22:55 | Report Abuse

Read all about it, read all about it.

Posted by O'Brian > 2020-05-10 23:34 | Report Abuse

Hahaha....... GoodTrade since when the sand would be sold to GKI and then shipment to Singapore? Hahaha , send details about it? Please enlighten.....