Posted by Good123 > 2020-06-19 09:33 | Report Abuse

wee is also expected to be out of prg soon based on his disposal of prg shares

Posted by Good123 > 2020-06-19 09:34 | Report Abuse

change of major shareholders and directors are expected to happen soon, maybe before the AGM on June 30

Posted by Victor Yong > 2020-06-19 09:40 | Report Abuse

yup, the board of directors should be accounted for the fall in share price ~84%+ since Jan 2018 and also the year where dividend was stopped.

So, during the coming AGM, the directors responsible for the poor decision, etc must step down.

PRGH Historical Data

Time Frame:

Monthly
01/01/2018 - 06/19/2020

Date Price Open High Low Vol. Change %
Jun 20 0.150 0.155 0.185 0.145 1.26M -11.76%
May 20 0.170 0.185 0.195 0.165 44.58M -8.11%
Apr 20 0.185 0.225 0.230 0.170 166.20M -19.57%
Mar 20 0.230 0.550 0.575 0.055 275.40M -58.93%
Feb 20 0.560 0.555 0.650 0.530 14.40M 0.00%
Jan 20 0.560 0.590 0.630 0.530 6.35M -6.67%
Dec 19 0.600 0.620 0.655 0.565 8.38M -4.00%
Nov 19 0.625 0.685 0.740 0.550 41.13M -8.76%
Oct 19 0.685 1.080 1.120 0.620 130.96M -36.57%
Sep 19 1.080 0.610 1.300 0.610 81.76M 77.05%
Aug 19 0.610 0.580 0.640 0.570 5.34M 3.39%
Jul 19 0.590 0.725 0.730 0.565 2.59M -18.06%
Jun 19 0.720 0.670 0.745 0.570 5.89M 7.46%
May 19 0.670 0.710 0.720 0.670 2.14M -6.94%
Apr 19 0.720 0.740 0.745 0.700 2.66M -2.70%
Mar 19 0.740 0.745 0.750 0.730 6.24M -1.33%
Feb 19 0.750 0.745 0.765 0.735 3.24M 0.00%
Jan 19 0.750 0.755 0.760 0.730 1.89M -1.96%
Dec 18 0.765 0.740 0.765 0.700 1.84M 0.66%
Nov 18 0.760 0.760 0.770 0.730 1.62M 0.00%
Oct 18 0.760 0.755 0.775 0.715 2.25M -1.94%
Sep 18 0.775 0.770 0.780 0.750 1.09M 0.65%
Aug 18 0.770 0.780 0.800 0.700 3.08M -1.28%
Jul 18 0.780 0.790 0.840 0.770 3.37M -7.14%
Jun 18 0.840 0.865 0.890 0.810 1.16M -2.33%
May 18 0.860 0.825 0.870 0.755 1.59M -1.15%
Apr 18 0.870 0.875 0.900 0.810 3.29M -0.57%
Mar 18 0.875 0.925 0.925 0.860 1.75M -5.41%
Feb 18 0.925 0.900 0.930 0.840 344.20K 2.78%
Jan 18 0.900 0.965 1.000 0.850 817.70K -6.25%
Highest: 1.300 Lowest: 0.055 Difference: 1.245 Average: 0.676 Change %: -84.375

Posted by Victor Yong > 2020-06-19 09:46 | Report Abuse

From Feb 2020 to Mar 2020 (MCO started in March), share price tumbled by 58%+. From Feb 2020 till today, share price tumbled further by [41/56 x 100] = 73%+, not recovered yet. Coming AGM on June 30 will be interesting.

Date Price Open High Low Vol. Change %
Jun 20 0.150 0.155 0.185 0.145 1.26M -11.76%
May 20 0.170 0.185 0.195 0.165 44.58M -8.11%
Apr 20 0.185 0.225 0.230 0.170 166.20M -19.57%
Mar 20 0.230 0.550 0.575 0.055 275.40M -58.93%
Feb 20 0.560 0.555 0.650 0.530 14.40M 0.00%

Posted by Good123 > 2020-06-19 09:54 | Report Abuse

manufacturing is the jewel under Furniweb HK. selling high-end picasso project for rm7mil will help the overall cashflow and profitability too by focusing on affordable housing projects.

FOR REMEMBRANCE

KUALA LUMPUR (Jan 31): PRG Holdings Bhd is settling RM7 million worth of debt owed to major shareholder and group executive vice chairman Datuk Lua Choon Hann via the issuance of 12.65 million new shares in the group at 55.33 sen each.

PRG's current issued shares stand at 402.88 million, of which Lua holds 75.06 million, representing an 18.63% stake.

The settlement will raise Lua’s shares in PRG to 87.71 million shares, representing a 21.11% stake in an enlarged PRG share base of 415.53 million — prior to the group's proposed private placement of an additional 40.29 million shares that Bursa Securities had approved earlier.

The proposed debt settlement will trim the sum PRG owes Lua from RM9.42 million to RM2.42 million. Lua provided the sum as two separate advances to PRG in the second half of 2019 for the group to use as working capital and to repay borrowings.

PRG is also proposing to issue up to 227.91 million free warrants to its shareholders, on the basis of one warrant for every two PRG shares held. The warrants, which have a maturity period of three years, will have an exercise price of 60 sen each.

"The proposed debt settlement will enable the group to reduce its financial obligations to a more manageable level without further depleting its cash reserves. The proposed issue of free warrants may raise funds for the group’s operational requirements in the medium and longer term as it may progressively raise proceeds as and when the warrants are exercised during the tenure of the warrants without incurring interest costs," PRG said.

PRG is involved in the business of manufacturing, retail, property development and construction, and healthcare.

It has been loss making for six consecutive quarters, with wider losses of RM14.02 million recorded in the cumulative nine months of the financial year ended Dec 31, 2019 (9MFY19), compared to RM3.08 million the year before, as all segments, save for manufacturing, incurred losses. Revenue fell 13.98% to RM89.83 million from RM104.42 million.

PRG shares closed unchanged at 56 sen on Friday, giving the property developer a market capitalisation of RM225.85 million.

Posted by Good123 > 2020-06-19 10:01 | Report Abuse

prg ventured into branded product retailing was a wrong decision probably.

Posted by Good123 > 2020-06-19 10:03 | Report Abuse

GENEVA: Brian Duffy says he knew it would be a good day even before Watches of Switzerland Group Plc opened the doors to its flagship store on London’s Regent Street for the first time since March.

The shop had arranged for a stream of customers to come pick up Rolex watches they had ordered, said Duffy, chief executive officer of the UK’s biggest seller of luxury timepieces. And then the phone began ringing.

“We were inundated with people calling and asking us ‘are you open?’” he told Bloomberg.

London’s reopening this week gave a fillip to purveyors of luxury goods, from Harrods, the iconic department store, to the tailors on Savile Row. But difficult questions remain over how long the demand will last, and how a global industry promising personalised services will adapt to a pandemic that’s changing the way people interact and travel, possibly forever.

“There is no going back, ” said Anita Balchandani, the UK head of apparel, fashion and luxury at McKinsey

Posted by Good123 > 2020-06-19 10:58 | Report Abuse

prg should exit branded retailing and teakwood plantation plus healthcare. focus on its core skills on manufacturing plus property development

Posted by Good123 > 2020-06-19 11:00 | Report Abuse

good to block cheap share sale :). GENERAL MEETINGS: Outcome of Meeting

PRG HOLDINGS BERHAD
Type of MeetingExtraordinaryIndicatorOutcome of MeetingDate of Meeting10 Jun 2020Time10:00 AM


Venue(s)Broadcast Venue
Lot C601, Capital 3 Oasis Square
No. 2, Jalan 1A/

Posted by Good123 > 2020-06-19 11:01 | Report Abuse

shares of prg to be issued at ~18sen was blocked by substantial shareholders. hold your shares. wait n see

Posted by pts2222 > 2020-06-19 11:31 | Report Abuse

善飞能舞世人敬，皇天不负有心人 有志者事竟成，破釜沉舟，百二秦关终属楚；苦心人天不负，卧薪尝胆，三千越甲可吞吴。

Posted by Good123 > 2020-06-19 11:51 | Report Abuse

maybe, during the coming AGM on June 30, they will announce that they have buyers to the retailing and team wood plantation. :)

Posted by Good123 > 2020-06-19 11:58 | Report Abuse

its manufacturing subsidiary listed in HK has stabilized around HKD330mil market cap. much bigger than prg at RM60mil only. so, be calm

Posted by Good123 > 2020-06-19 11:59 | Report Abuse

prg NTA~40sen was also undervalued. its properties valued at cost many years as per its Audited accounts 2019

Posted by Good123 > 2020-06-19 12:00 | Report Abuse

wait for the coming AGM, could be good news

Posted by Good123 > 2020-06-19 12:03 | Report Abuse

if u take out the impairment loss due to acquisition, retailing , healthcare and investment in associates, the manufacturing subsidiary listed in HK was profitable for 2019. so, be patient

Posted by Good123 > 2020-06-19 12:08 | Report Abuse

shareholders must question the rationale for this acquisition. has financial and legal due diligence performed? any profit guarantee given?



PRG, in a statement today, said the acquisition of the two parcels of teak plantation would be satisfied via RM59. 2 million cash and 40.3 million new shares at 74.45 sen each, amounting to RM30 million. ... PRG expects to harvest 150,000 cubic metres of teak timber worth RM180 million based on RM1,200 per cubic metre.Oct 8, 2019

Posted by Good123 > 2020-06-19 12:10 | Report Abuse

prg should consider to cancel this deal if the conditions, etc were fraudulent, etc. PRG, in a statement today, said the acquisition of the two parcels of teak plantation would be satisfied via RM59. 2 million cash and 40.3 million new shares at 74.45 sen each, amounting to RM30 million. ... PRG expects to harvest 150,000 cubic metres of teak timber worth RM180 million based on RM1,200 per cubic metre.Oct 8, 2019

Posted by Good123 > 2020-06-19 12:41 | Report Abuse

he left quickly this year, maybe due to some wrong decisions too.. :)

PRG Holdings Bhd chief executive officer Na Chun Wee has resigned from the position and as the group’s executive director, effective immediately, after helming the group for less than a year.

Posted by Good123 > 2020-06-19 14:55 | Report Abuse

CEO left . founder of Furniweb will return to head prg probably. lua is sellinh his shares , exit soon probably

Posted by Good123 > 2020-06-19 15:29 | Report Abuse

all substantial shareholders with ~20% stake are not able to control over prg . they might sapu shares from the open market, free float ~30% . :)

Posted by Victor Yong > 2020-06-19 16:59 | Report Abuse

Jadi atau gurauan, ask them during the AGM on June 30??? invested such a big sum of money based on letter of intent????? :)

On December 14 last year, PRG said it had received a Letter of Intent from KNX Construction Sdn Bhd to buy all timber harvested at the teak plantation.

PRG expects to harvest 150,000 cubic metres of teak timber worth RM180 million based on RM1,200 per cubic metre.

**************************

KUALA LUMPUR: Property developer PRG Holdings Bhd, which is also involved in healthcare and manufacturing of webbings, furniture components and upholstery, is buying into teak plantations.

Today, PRG shareholders' approved its plan to buy 364.79ha teak plantation from Alifya Forestry Sdn Bhd for RM89.2 million in Kelantan.

PRG, in a statement today, said the acquisition of the two parcels of teak plantation would be satisfied via RM59.2 million cash and 40.3 million new shares at 74.45 sen each, amounting to RM30 million.

The first parcel in Gua Musang, measuring 137ha, is an agriculture land with a 50-year leasehold period expiring on June 21, 2053.

The second parcel in Lojing, measuring 227.79ha, also has a 50-year leasehold that expires on August 7, 2066.

PRG has obtained a Foreign Activity Permit to harvest the teak trees in Lojing.

It will make a submission to Kelantatn Forestry Department for a permit to harvest the same in Gua Musang in due course.

On December 14 last year, PRG said it had received a Letter of Intent from KNX Construction Sdn Bhd to buy all timber harvested at the teak plantation.

PRG expects to harvest 150,000 cubic metres of teak timber worth RM180 million based on RM1,200 per cubic metre.

Posted by Victor Yong > 2020-06-19 17:03 | Report Abuse

Website pun takda, siapa tau beritahu saya :)

On December 14 last year, PRG said it had received a Letter of Intent from KNX Construction Sdn Bhd to buy all timber harvested at the teak plantation.

PRG expects to harvest 150,000 cubic metres of teak timber worth RM180 million based on RM1,200 per cubic metre.


The Company profile report for KNX CONSTRUCTION SDN. BHD. (201201042398 (1026874-K)) can be purchased at Experian Information Services (Malaysia) Sdn. Bhd.
Company Name KNX CONSTRUCTION SDN. BHD.
Company Registration No. 201201042398 (1026874-K)
Incorporation Date * 05 DECEMBER 2012
State WILAYAH PERSEKUTUAN
Age Of Company (Year) * 8

Posted by Victor Yong > 2020-06-20 09:46 | Report Abuse

Can the acquisition of the teak wood plantatiion be cancelled if RM55.5mil has not been settled? :)

Subject to the fulfilment of the Conditions Precedent, the PRG Agro shall pay the
balance purchase price of RM85,500,000 (being 95% of the Purchase
Consideration) comprising the Cash Consideration and Consideration Shares
(“Balance Purchase Price”), subject to adjustment in accordance with Section
2.3.3 (ii) above, if applicable, in the following manner:
(a) RM55,500,000 in cash (i.e. the Cash Consideration) within a period of 3
months from (I) the Unconditional Date; (II) the date of acceptance by PRG
Agro of the relevant bank letter of offer for PRG Agro’s loan for the
purposes of part financing the purchase of the Lands (“Loan Approval”);
or (III) the expiry of a period of 12 months from the date of expiry of the
Conditional Period or such further extended period as may be mutually
agreed between the parties to the SPA for PRG Agro to obtain the Loan
Approval, whichever is the later.
6
(b) RM30,000,000 to be paid and satisfied by the issue of Consideration Shares
within 3 weeks after the Completion Date and the Vendor shall not within
1 year from the date of issue of the Consideration Shares, sell, transfer,
assign or otherwise dispose or part with or grant or permit to subsist any
option over the legal and/or beneficial ownership of any of the
Consideration Shares; and/or unless with PRG’s prior written consent,
pledge, mortgage, charge (whether by way of fixed or floating charge) or
otherwise encumber the legal and beneficial interest in any of the
Consideration Shares

Posted by kfliau > 2020-06-20 19:03 | Report Abuse

This PRG is Jack of all trades but expert of none, the captain has lost the steering wheel long ago

Posted by Victor Yong > 2020-06-21 19:15 | Report Abuse

More than 8%+ of total issued shares was traded via direct biz transactions on June 19, 2020 (Last Friday). Either existing substantial shareholder bought it or a new substantial shareholder will emerge. Hold your breath, maybe, good news is OTW. :)

History -DIRECT BIZ TRANSACTIONS

Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
19/06/2020 00:00:00 0.1450 -0.0050 35.437m 35.437m 5.138m 5.138m 0.1450 8.4806 -
01/04/2020 00:00:00 0.1800 -0.0500 1.650m 1.650m 297,000 297,000 0.1800 0.3975 -
25/03/2020 00:00:00 0.1500 0.0500 1.200m 20.000m 180,000 3.000m 0.1500 0.2891 -
25/03/2020 00:00:00 0.1500 0.0500 10.088m 20.000m 1.513m 3.000m 0.1500 2.4300 -
25/03/2020 00:00:00 0.1500 0.0500 8.518m 20.000m 1.278m 3.000m 0.1500 2.0519 -
25/03/2020 00:00:00 0.1500 0.0500 194,100 20.000m 29,115 3.000m 0.1500 0.0468 -
19/03/2020 00:00:00 0.1200 0.0100 3.500m 3.500m 420,000 420,000 0.1200 0.8431 -
17/03/2020 00:00:00 0.5000 -0.0500 260,000 260,000 130,000 130,000 0.5000 0.0626 -
07/02/2020 00:00:00 0.5000 -0.0600 300,000 300,000 150,000 150,000 0.5000 0.0744 -
06/02/2020 00:00:00 0.5000 -0.0600 200,000 200,000 100,000 100,000 0.5000 0.0496 -
03/02/2020 00:00:00 0.5000 -0.0600 150,000 360,000 75,000 180,000 0.5000 0.0372 -
03/02/2020 00:00:00 0.5000 -0.0600 210,000 360,000 105,000 180,000 0.5000 0.0521 -
29/01/2020 00:00:00 0.5300 -0.0300 100,000 100,000 53,000 53,000 0.5300 0.0248 -
28/01/2020 00:00:00 0.5300 -0.0350 100,000 100,000 53,000 53,000 0.5300 0.0248 -
30/09/2019 00:00:00 1.2000 - 20,000 20,000 24,000 24,000 1.2000 0.0055 -
11/09/2019 00:00:00 0.6500 -0.1400 1.500m 5.500m 975,000 3.575m 0.6500 0.4132 -
11/09/2019 00:00:00 0.6500 -0.1400 4.000m 5.500m 2.600m 3.575m 0.6500 1.1019 -
10/09/2019 00:00:00 0.6000 -0.1300 1.300m 3.000m 780,000 1.800m 0.6000 0.3581 -
10/09/2019 00:00:00 0.6000 -0.1300 500,000 3.000m 300,000 1.800m 0.6000 0.1377 -
10/09/2019 00:00:00 0.6000 -0.1300 1.200m 3.000m 720,000 1.800m 0.6000 0.3306 -
06/09/2019 00:00:00 0.6000 -0.1100 4.500m 6.500m 2.700m 3.900m 0.6000 1.2397 -
06/09/2019 00:00:00 0.6000 -0.1100 2.000m 6.500m 1.200m 3.900m 0.6000 0.5510 -
04/09/2019 00:00:00 0.5500 -0.1000 100,000 100,000 55,000 55,000 0.5500 0.0275 -
03/09/2019 00:00:00 0.5500 -0.0600 100,000 100,000 55,000 55,000 0.5500 0.0275 -
23/08/2019 00:00:00 0.5500 -0.0350 200,000 200,000 110,000 110,000 0.5500 0.0551 -
22/08/2019 00:00:00 0.5500 -0.0350 100,000 100,000 55,000 55,000 0.5500 0.0275 -
20/08/2019 00:00:00 0.5500 -0.0350 100,000 400,000 55,000 220,000 0.5500 0.0275 -
20/08/2019 00:00:00 0.5500 -0.0350 200,000 400,000 110,000 220,000 0.5500 0.0551 -
20/08/2019 00:00:00 0.5500 -0.0350 100,000 400,000 55,000 220,000 0.5500 0.0275 -
15/08/2019 00:00:00 0.5900 - 90,000 90,000 53,100 53,100 0.5900 0.0248 -
13/08/2019 00:00:00 0.6000 -0.0050 70,000 90,000 42,000 54,000 0.6000 0.0193 -
13/08/2019 00:00:00 0.6000 -0.0050 20,000 90,000 12,000 54,000 0.6000 0.0055 -
14/11/2018 00:00:00 0.7000 -0.0700 285,000 285,000 199,500 199,500 0.7000 0.0919 -
13/11/2018 00:00:00 0.7000 -0.0650 430,000 430,000 301,000 301,000 0.7000 0.1388 -
08/11/2018 00:00:00 0.7000 -0.0600 715,000 715,000 500,500 500,500 0.7000 0.2308 -
05/11/2018 00:00:00 0.7000 -0.0700 600,000 3.116m 420,000 2.181m 0.7000 0.1936 -
05/11/2018 00:00:00 0.7000 -0.0700 1.355m 3.116m 948,430 2.181m 0.7000 0.4373 -
05/11/2018 00:00:00 0.7000 -0.0700 187,400 3.116m 131,180 2.181m 0.7000 0.0605 -
05/11/2018 00:00:00 0.7000 -0.0700 973,280 3.116m 681,296 2.181m 0.7000 0.3141 -
30/10/2018 00:00:00 0.7000 -0.0700 3.000m 7.730m 2.100m 5.411m 0.7000 0.9683 -
30/10/2018 00:00:00 0.7000 -0.0700 2.730m 7.730m 1.911m 5.411m 0.7000 0.8812 -
30/10/2018 00:00:00 0.7000 -0.0700 2.000m 7.730m 1.400m 5.411m 0.7000 0.6455 -
29/10/2018 00:00:00 0.7000 -0.0700 1.987m 1.987m 1.391m 1.391m 0.7000 0.6412 -
28/08/2018 00:00:00 0.7800 - 1.300m 2.000m 1.014m 1.560m 0.7800 0.4209 -
28/08/2018 00:00:00 0.7800 - 700,000 2.000m 546,000 1.560m 0.7800 0.2266 -
22/06/2018 00:00:00 0.8000 -0.0400 400,000 400,000 320,000 320,000 0.8000 0.1318 -
21/06/2018 00:00:00 0.8000 -0.0400 1.200m 1.200m 960,000 960,000 0.8000 0.3955 -
24/05/2018 00:00:00 0.8000 -0.0600 3.000m 3.000m 2.400m 2.400m 0.8000 0.9906 -

Posted by Good123 > 2020-06-21 19:23 | Report Abuse

Tomorrow, prg will rise with such a huge volume of shares traded off market last Friday.

Posted by Good123 > 2020-06-21 19:24 | Report Abuse

must be something interesting OTW :)

Posted by Good123 > 2020-06-22 07:49 | Report Abuse

see any action in the open market or not today :)

Posted by Good123 > 2020-06-22 07:50 | Report Abuse

35mil shares traded last Friday via direct biz transaction, must be something is on :)

Posted by Good123 > 2020-06-22 08:42 | Report Abuse

good news OTW or share chase to control prg? wait n see

Posted by Good123 > 2020-06-22 08:46 | Report Abuse

market cap of Furniweb HK~HKD324mil , market of prg ~RM60mil, prg is undervalued. NTA~40sen

Posted by Good123 > 2020-06-22 09:24 | Report Abuse

at current price level, those who wanted to wrest control over prg could do so by grabbing it's shares in the open market :)

Posted by Good123 > 2020-06-22 09:28 | Report Abuse

100mil shares ~25% stake ~rm14.5mil only. but able to control Furniweb HK with a market cap~HKD324mil

Posted by Good123 > 2020-06-22 09:31 | Report Abuse

let prg sells its 50% stake in Furniweb and capital repayment to all prg shareholders :)

Posted by Good123 > 2020-06-22 09:41 | Report Abuse

no Warrants, the only way to wrest control over prg is via open market or direct /off-market deal

Posted by Good123 > 2020-06-22 10:29 | Report Abuse

after spinning off and listed Furniweb on hkse, prg is very cash rich but the cash was misinvested, etc. the cash should be returned to prg shareholders

Posted by Good123 > 2020-06-22 10:31 | Report Abuse

who was the culprits in prg for misinvested all the shareholders' funds? find out during the coming AGM on June 30 :)

Posted by Good123 > 2020-06-22 10:36 | Report Abuse

Today, the Group is an industry leader, for a comprehensive range of products that are available in more than 30 countries.

Furniweb Group

Furniweb Group started operations in 1987 in Malaysia producing covered elastic yarn and furniture webbing. The Group has since expanded across borders and created new markets for its niche products in the textile and apparel, furniture, automotive, food packaging, agriculture and medical industries.

Supported by a dedicated research and development team, the Group has been able to deliver competitive and innovative quality products that meet the high expectations and requirements of its customer worldwide.

The Group takes pride in its tradition of excellence in product innovation, uncompromising quality and unparalleled customer service; as evidence in the continuous support from a loyal customer base developed over the years.





Furniweb Manufacturing Sdn. Bhd. (FMSB)

Furniweb Manufacturing Sdn. Bhd. (FMSB) was formed in 1987 and is specialized in manufacture furniture webbings, covered elastic yarns and other products including rigid webbing. Furniture webbing is mainly used in making sofas in the furniture industry, whereas covered elastic yarns are mainly used in the textile, apparel, food and agriculture industries. Rigid webbings are used in making fabric panel reinforcement strap, safety harness, lifting sling etc.

Furniweb is a trusted brand in the industry with reliable service and consistent quality. Our products are made of good quality materials and are distributed to over 30 countries. Together with our sister company Furniweb (Vietnam) Shareholding Company, we are one of the major furniture webbing and covered elastic yarn producers in Malaysia and Vietnam.



Furniweb Safety Webbing Sdn. Bhd.



Furniweb Safety Webbing Sdn. Bhd. (FSW) was formed in 1996 and we produce seatbelt webbings, child seat webbings, helmet straps and weldable webbings for the automotive industry.  FSW has since expanded to become the largest producer of seatbelt webbing in Malaysia.

We manufacture our products according to customer’s specifications and requirements, and our product quality meets the safety regulation for the automotive industry.



Texstrip Manufacturing Sdn. Bhd.

ISO 9001:2015 and Oeko-Tex ® Standard 100 Certified

Texstrip Manufacturing Sdn. Bhd. commenced operations in 1989, with its principal activity being manufacturing of elastic tapes for a wide range of polymeric applications. These tapes are produced from natural and synthetic rubber. These superior quality tapes are widely used in the textile and garment industry, and they are formulated to specific requirements such as thickness, width and lubrication.

Our high performance elastic includes rubberized latex-free medical devices such as esmark bandages, tourniquet straps, exercise bands and rubber cot sheets.



Furniweb (Vietnam) Shareholding Company (FVSC)



Furniweb (Vietnam) Shareholding Company (FVSC) was established in 1997 to manufacture covered elastic yarn, furniture webbing and Air-Jet covering yarn.  Our products are mainly supplied to the furniture, textile, apparel, food and agriculture industries.  FVSC is located in the Bien Hoa Industrial Zone II, Dong Nai Province, Vietnam.

Combined with our sister company, Funiweb Manufacturing Sdn Bhd, located in Malaysia, we share the distinction of being a major producer of furniture webbing and covered elastic yarn in Malaysia and Vietnam.



Premier Elastic Webbing

Posted by Good123 > 2020-06-22 10:41 | Report Abuse

Product Applications

Today, the Group is an industry leader, for a comprehensive range of products that are available in more than 30 countries.

Furniweb Group started operations in 1987 in Malaysia producing covered elastic yarn and furniture webbing. The company has since expanded across borders and created new markets for its niche products in the textile and apparel, furniture, automotive, food packaging, agriculture and medical industries.

This was made possible through a vision founded on smart partnerships in joint ventures and technical assistance agreements while capitalizing on wide technical support and global marketing networks to develop opportunities as they arose.







Proven Track Record

Today, the Group is an industry leader, internationally recognized for a comprehensive range of products that are available in more than 30 countries.



Malaysia/Vietnam

The company has since expanded across borders and created new markets for its niche products in the textile and apparel, furniture, automotive, food packaging, agriculture and medical industries.


Narrow Fabric

We specialize in the production of jacquard woven and knitted narrow elastic fabrics. It is primarily used as laces and trimmings, lingerie elastics and jacquard elastics for the intimate apparel and garment industries. We manufacture for the world leading brands.

Posted by Good123 > 2020-06-22 10:42 | Report Abuse

MEDICAL

Posted by Good123 > 2020-06-22 10:42 | Report Abuse

Contact

603-8961 2278
 general@furniweb.com.my

Group Head Office: Lot 1883, Jalan KPB 9, Kg. Bharu Balakong,
43300 Seri Kembangan, Selangor Darul Ehsan, Malaysia.

Posted by Good123 > 2020-06-22 10:46 | Report Abuse

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
PRG HOLDINGS BERHAD ("PRG" OR THE "COMPANY")PRIVATE PLACEMENT OF NEW ORDINARY
SHARES IN PRG, REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN
PRG (EXCLUDING TREASURY SHARES) ("PRIVATE PLACEMENT")
You are advised to read the entire contents of the announcement or attachment.
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02/06/2020   07:00 AM

Ref Code: 202006023000084

Posted by Good123 > 2020-06-22 11:00 | Report Abuse

MEDICAL

Posted by Victor Yong > 2020-06-22 11:21 | Report Abuse

Lua and another major shareholder control ~40% stake in prg. hope to see they privatise it soon. :)

History - direct biz transaction/deal last friday
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
19/06/2020 00:00:00 0.1450 -0.0050 35.437m 35.437m 5.138m 5.138m 0.1450 8.4806 -

Posted by Victor Yong > 2020-06-22 11:25 | Report Abuse

believe something is on. no reason to acquire 8%+ stake in prg off market without a solid reason :)

History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
19/06/2020 00:00:00 0.1450 -0.0050 35.437m 35.437m 5.138m 5.138m 0.1450 8.4806 -

Posted by Victor Yong > 2020-06-22 12:14 | Report Abuse

Equity as at 31.12.2019 2019(RM'000) vs 2018('000)


Share capital 134,975 83,289
Treasury shares (87) (87)
Exchange translation differences (3,658) (2,881)
Warrants reserve - 3,713
Fair value reserve (21,775) -
Retained earnings 50,143 47,924
Total attributable to owners of the parent 159,598 131,958
Non-controlling interests ("NCI") 61,951 40,199
Total equity 221,549 172,157

Posted by Victor Yong > 2020-06-22 12:15 | Report Abuse

retained earnings as at 31.12.2019 ~RM50mil+. what a surprise!

Posted by Good123 > 2020-06-22 13:58 | Report Abuse

ask lua during AGM, untung or rugi? 2 years PRG eyes medical tourism market

TheStar Mon, Jan 29, 2018 08:14am - 2 years ago





Good potential: Lua says the healthcare industry is a high-prospect one with growth potential.

Company sees synergies with its property development business

PETALING JAYA: Fresh from making its foray into the healthcare business, PRG Holdings Bhd  has set its sight on the lucrative medical tourism market amid a strong surge in Malaysia’s medical tourism spending.

Group managing director Datuk Lua Choon Hann told StarBiz that the company’s next phase of strategy is to tap into opportunities in the medical tourism industry.

“We foresee this industry to have synergies with our property development division. As Malaysia is targeting RM1.5bil in medical tourism spending next year, cooperation from private service providers will be imperative.

“For example, to date there are more than 921,500 healthcare travellers in the country and it is estimated that last year alone, the actual contribution of the healthcare travel industry to the Malaysian economy was RM4bil to RM5bil.

“We will target the identified markets such as Indonesia, Vietnam, China, and recently India, as core markets for this industry,’’ he added.

Recently, PRG made its entry into the healthcare business with the acquisition of Roopi Medical Centre Sdn Bhd (RMC) and signing of a memorandum of understanding (MoU) with a confinement services provider Esther Postpartum Care Sdn Bhd (EPC).

EPC, which has two confinement centres in Malaysia, is part of the Dun Nan True Love Group, one of the most successful postpartum care services providers in Taiwan. It has over 300 branches in Taiwan and China.

PRG’s subsidiary, PRG Healthcare Sdn Bhd, on Jan 20 entered into a share-sale agreement for the proposed acquisition of the entire equity interest in RMC and its properties for RM18.3mil cash.

The proposed acquisition would entail RM7.3mil for the equity interest in RMC and RM11mil for the two properties in Kuala Lumpur from Linecom Corp Sdn Bhd, which in turn is owned by common shareholders of RMC. RMC is a 37-bed private medical centre and has been in existence in the country for over 39 years.

At the same time, PRG had signed a MoU with EPC to acquire a 25% stake for RM3.75mil. On expansion abroad, Lua does not foresee this to happen in the near term.

Posted by Good123 > 2020-06-22 14:01 | Report Abuse

prg like a rojak now, branded retailing, healthcare, teak wood plantation, manufacturing, construction, property Development? :)