Those who follow 0403 will go holland. Cut loss from GXX den come here bark. Buy he say. Sell also he say. Dollah thambi. Everyday spam barakah klse screener, facebook n here. Bursa master
Heard possible that tomorrow's creditor's meeting will approve Barakah' debt repayment plan. Once this is approved, one big hurdle cleared to exit PN17. The samling case is still ongoing, Barakah haven't won the case, they just managed to strike out the motion by samling to drop the case but it is looking positive. Good chance this counter will fly soon.
The Board of Directors of Barakah wishes to inform that the Court Convened Meeting (“CCM”) of PBJV Group Sdn. Bhd. (“PBJV”) pursuant to the Order was conducted on even date.
A creditor of PBJV, Export-Import Bank of Malaysia Berhad had proposed an adjournment of the CCM pursuant to Section 366(2) of the Companies Act 2016.
The resolution for adjournment was approved by the requisite majority of more than seventy-five (75) per centum of the total value of creditors present and voting either in person or by proxy at the meeting.
The CCM is now adjourned to Monday, 5 April 2021 and will be held virtually at 2.00 p.m. at Barakah Offshore Petroleum Berhad, Petaling Jaya (“Broadcast Venue”).
Further development on the above matter will be announced to Bursa Malaysia Securities Berhad in due course.
This announcement is dated 15 March 2021.
wakakaka.....adjourned again or falling knife...liquidations...wakakaka
Action always travel ahead of news. The time it reaches the media , usually it is just left over scrap and bones for ikan bilis . From the past few days volume , we have to make our own judgement .. will it be a good news or bad news. The hike in volume cause by ikan bilis ? And the second section today afternoon sell down ( about 15mil shares or so exchanged) , it is by shark or by panicked ikan bilis...
The Board of Directors of Barakah wishes to inform that the Court Convened Meeting (“CCM”) of PBJV Group Sdn. Bhd. (“PBJV”) was conducted on even date.
The Board of Directors of Barakah further wishes to inform that PBJV’s proposed debt settlement have been agreed by the requisite majority of seventy-five (75) per centum of the respective class of creditors under the proposed debt settlement present and voting either in person or by proxy in the CCM.
PBJV shall be making an application to the Court pursuant to Section 366(3) and (4) of the Companies Act 2016 for the Court’s approval of the approved proposed debt settlement. Upon the granting of the order for approval by the Court, the proposed debt settlement shall be binding on all of the respective creditors under the proposed debt settlement upon the lodgment of an office copy the Court order for the approval with the Registrar of the Companies Commission of Malaysia.
I'll strongly stay in Barakah. I wanna see Barakah exit PN17 & win summon against Petronas. Don't miss the rocket, don't miss the supersonic jet & don't miss the bullet train.
yup....at the same time, get ready some cash to help out.....it has negative shareholders fund......and petronas suspension on new contracts only end May 2022.
BARAKAH Offshore Petroleum Bhd announced the Court Convened Meeting of PBJV Group Sdn Bhd’s proposed debt settlement was well received by creditors. In a filing to Bursa Malaysia yesterday, Barakah noted that PBJV creditors have in general backed the proposed debt settlement plan and now PBJV shall be making an application to the Court pursuant to Section 366(3) and (4) of the Companies Act 2016 for the Court’s approval of the approved proposed debt settlement.
now speculate on how to settle the dept.... 1. Consolidation of shares: 50 to 1... 2. Rights issues with free warrants after consolidation.. 20 to 1 @ 25sen 3. wakakakaka
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....
newbie9893
2,366 posts
Posted by newbie9893 > 2021-04-03 20:36 | Report Abuse
PN17, high chance de-list from KLCI