this company net cash as per latest QR is 69 mils (cash - loan & ignoring all receivables inventories etc), at 0.04 it is trading at market cap of 49mils (even below the net cash of the company by 20 mils ?? ) unless you tell me the money account is fake or already sapu-ed by conmen ??
"Classita said there are no operational and financial impact arising from the investigation report, as the amount due from relevant parties highlighted in the report has been fully impaired."
seemed like those "money sapued" already fully impaired in their accounting report so won't affect their future earning going forward .... if those money can be recovered from those ex-conmen, then will be treated as extraordinary profit !
Classita 4 cents Tp still the same. hear dap member already buying at least 200 million shares.only less thn 100 people.wah can u believe it.there also know how to invest.buy also from 4-5 cents. Wait before august 24 at most.Ong will mari. 5/2/24 10.45am
Buy call classita 5 cents Let try 1-2 month. Only for those have winning money. Tp 6.5-8 cents 9/1/24 8.06pm
It looks positive, now have to wait till the price goes up or the next QR in May 2024. Hong Seng is playing hard, I think Classita will follow the trend soon...
MATERIAL LITIGATION Classita Holdings Berhad ("Classita" or "the Company") - Originating Summons No. WA-24NCC-732-06/2022 CLASSITA HOLDINGS BERHAD
Type Announcement Subject MATERIAL LITIGATION Description Classita Holdings Berhad ("Classita" or "the Company") - Originating Summons No. WA-24NCC-732-06/2022 Reference is made to the Company’s announcements dated 21 September 2022, 29 September 2022, 17 October 2022, 25 October 2022, 26 October 2022, 08 November 2022, 21 December 2022, 18 April 2023 and 27 April 2023. Unless otherwise stated, the definitions and terms used herein shall have the same meaning as defined in the said announcements.
The Board of Directors of Classita wishes to announce that the Hearing of the Committal Proceedings against the Former Directors previously fixed on 30 November 2023 was adjourned and fixed this morning. After hearing oral submissions from the parties, the Court dismissed the Committal Proceedings against the Former Directors with costs.
We refer to your Company’s announcement dated 30 May 2024 in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1. To breakdown the sources of funds for the Purchase Consideration, and to state clearly the amount to be funded by proceeds raised from the rights issue exercise completed on 14 July 2023 and details of the other sources.
2. To provide the following additional information in relation to the rights issue exercise completed on 14 July 2023:
(a) actual proceeds raised and breakdown of the proposed utilisation.
(b) amount of proceeds utilised as at the latest date and detailed explanatory note(s) on each item.
(c) amount of proceeds remains unutilised as at the latest date, breakdown of the intended utilisation and detailed explanatory note(s) on each item.
(d) amount of proceeds from the rights issue to be used to fund the Proposed Acquisition.
(e) whether shareholders’ approval is required for the variation in utilisation of proceeds.
3. To provide further explanation, and the terms and conditions, for the payment of the instalments amounting to RM14.45 million (equivalent to 85% of the Purchase Consideration), and to quantify the amount paid as at to-date.
4. To provide the following additional information in respect of the internal assessment carried out by the Group’s management:
(a) to explain the “existing condition”.
(b) to incorporate details on the “recent transacted properties of similar nature or those offered for sale in the area” considered by the management including date of transaction/advertisement, address/location, age, condition, level, type and size of properties, transacted/offer price and transacted/offer price per square feet.
(c) to provide further justification(s) that RM526 per square feet is a “low entry price”.
(d) to tabulate the original selling price of the developer against the Purchase Consideration of each unit.
(e) to explain “Net Purchase Consideration” and the amount added to / deducted from the original selling price of each unit.
(f) whether the Purchase Consideration of each unit is entitled to discount for bulk purchases, and if relevant, to quantify the amount of discount and in term of % to the developer’s original selling price, and to state whether the discount rate is within the market rate.
(g) if no discount for bulk purchases, to provide explanation for such arrangement.
5. To state the Company’s immediate and long-term plans for the retail shops. If they are proposed to be let out, to state the expected rental income per annum.
6. To state the date of launch and the % of completion of Louvre Residence Country Heights Kajang.
7. Since CLASSITA will acquire more than 60% of the retail shops, to explain on the management of the retail shops and shopping mall.
8. Since the properties to be acquired will be used for property investment and trading, to state whether the Proposed Acquisition will result in a diversification in operations carried on by CLASSITA pursuant to paragraph 10.13 of the Main Market Listing Requirements.
9. To elaborate further on the risks of investment in retail shops.
10. To tabulate the financial effects of the Proposed Acquisition on the net assets, gearing and earnings per share.
11. To provide the basis and justification to derive at the rate of 20% of the Purchase Consideration as the agreed liquidated damages in the event of a default by the purchaser, and to state whether it is the standard commercial rate for transactions of similar nature.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
HARVEST MIRACLE CAPITAL BERHAD (HM) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to RI. This announcement is dated 15 July 2024.
================
List of high NOSH penny stocks with shares consolidation :-
WC = 528,317,555 Maturity 2028-07-06 Strike value 0.2000
================== Investors subscribing rights issue at 0.10 in Jun 2023 and still holding will be incurring huge losses if directors decide to go for share consolidation follows by rights issue fund raising activities
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2905 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
cK1973
1,845 posts
Posted by cK1973 > 2024-01-10 16:07 | Report Abuse
4-5c only la the range....
won't go up n can only go down.....
wait at 1c.....