PERAK CORPORATION BHD

KLSE (MYR): PRKCORP (8346)

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Last Price

0.445

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


3 people like this.

1,381 comment(s). Last comment by Fabien _the efficient capital allocator 2024-01-08 20:13

Posted by jordanmaggie61 > 2018-08-20 11:45 | Report Abuse

Very interesting stock ! Worth to invest tho

Diamond7

2,191 posts

Posted by Diamond7 > 2018-08-22 20:29 | Report Abuse

EPS .....Negative 188.84
ROE...... Negative 50.35

Yael Jasper

2,178 posts

Posted by Yael Jasper > 2018-08-23 11:28 | Report Abuse

Good time to accumulate more and gain more profit :)

tah16600

2,646 posts

Posted by tah16600 > 2018-08-27 09:21 | Report Abuse

Waiting to close shop lol !

johnbrooks

118 posts

Posted by johnbrooks > 2019-01-10 11:17 | Report Abuse

Went to maps for holiday... Crazy bosan... Dunno how they can turn this around... Ask khazanah for help lah ..... Those guys got some experience a bit..

nanas

126 posts

Posted by nanas > 2019-01-10 11:30 | Report Abuse

https://www.malaymail.com/s/1710964/former-perak-corp-ceo-charged-with-taking-rm455k-bribe

Former Perak Corp CEO charged with taking RM455k bribe

IPOH, Jan 10 — Datuk Aminuddin Md Desa, the former group chief executive of Perak Corp Berhad, today claimed trial to receiving RM455,660 from a contractor via the construction of a bungalow at Hulu Kinta here last year.

The 56-year-old was alleged to have committed the offence between Jan 17 and July 3 at Public Bank Berhad’s Jalan Sultan Idris Shah branch at 76, Jalan Sultan Idris Shah.

He was accused of receiving the bribe from one Chua Kim Weng, Uni-poh Construction Works Sdn Bhd director, with the knowledge that Chua's company had an interest in contract work at Bandar Meruraya 2 (Zone 9) which was linked to Aminuddin's official duties.

He was charged under Section 165 of the Penal Code, punishable with a maximum jail sentence of two years, or a fine, or both.

Farah Yasmin Salleh, who prosecuted, proposed a bail of RM20,000 with one surety.

She also asked Aminuddin's passport be impounded pending the disposal of the case.

Sessions Court judge S. Indera Nehru set February 22 for case management and fixed bail at RM15,000 with one surety.

She also ordered Aminuddin to hand over his passport.

Aminuddin was represented by Najmi Dawami Abdul Hamid.

Earlier, Aminuddin arrived at court at about 8.45am accompanied by his family.

Clad in white long sleeve short and slack, Aminuddin had used his blue coloured coat to cover his handcuffed hands.

Aminuddin resigned as group CEO last year and was reported arrested after he was summoned to the Perak office of the Malaysian Anti-Corruption Commission at 11.20am yesterday.

plaxo 88

148 posts

Posted by plaxo 88 > 2019-03-13 11:18 | Report Abuse

so what is Nga and PH going to do now with PRKCorp? The bad guys are gone and so now.....sell chee cheong fan and char keuh teow???

plaxo 88

148 posts

Posted by plaxo 88 > 2019-06-17 18:42 | Report Abuse

Question: is it time to buy?

lurhays

182 posts

Posted by lurhays > 2019-07-15 10:10 | Report Abuse

a bit transaction then suddenly up ten step higher... epic...

Icon8888

18,658 posts

Posted by Icon8888 > 2019-07-19 18:39 | Report Abuse

dropped from RM3+ to now 40 sen ?

jwyap

829 posts

Posted by jwyap > 2019-11-29 22:38 | Report Abuse

time to move up now, fun fair had been taken over by perak state government , so future sure profit every year

Posted by danielleesing > 2019-12-02 11:14 | Report Abuse

Animation Theme Park Sdn Bhd (ATP), a 51%-owned unit of loss-making Perak Corp Bhd (PCB), has defaulted on its repayment of a syndicated term loan facility of up to RM280 million.

The facility was granted by Affin Hwang Investment Bank Bhd, Affin Bank Bhd, Bank Pembangunan Malaysia Bhd and Malaysia Debt Ventures Bhd.

According to a filing with the bourse, ATP — the developer, owner and operator of Movie Animation Park Studios (MAPS) — defaulted on a RM25.7 million repayment on Sept 26, 2019, citing cash flow constraints.

firehawk

4,769 posts

Posted by firehawk > 2019-12-19 22:29 | Report Abuse

Didn't this ctr was offer 3.90 a few years ago? all shareholders rejected the "unfair" offer?

Holyman

225 posts

Posted by Holyman > 2020-02-12 09:21 | Report Abuse

holy moly poorest state in the union welcome to club pn17.

kenie

1,641 posts

Posted by kenie > 2020-02-12 10:10 | Report Abuse

State-owned Perak Corp now a PN17 firm
KUALA LUMPUR (Feb 11): Perak Corp Bhd — whose Movie Animation Park Studios (MAPS) theme park in Ipoh was closed last month until further notice — has lapsed into Practice Note 17 (PN17) status.
The state-owned firm told the stock exchange today that it is now regarded a PN17 company, arising from the default in payment and its inability to declare solvency.
This comes after the group defaulted on another repayment of principal, this time in respect of the Musharakah Mutanaqisah Term Financing-i and Tawarruq Revolving Credit-i of up to RM100 million granted by Affin Islamic Bank Bhd.
Last October, Animation Theme Park Sdn Bhd — a 51%-owned subsidiary of PCB Development Sdn Bhd, which in turn is a wholly-owned unit of Perak Corp — defaulted in its repayment of principal for a syndicated term loan facility of up to RM280 million involving Affin Hwang Investment Bank Bhd, Affin Bank Bhd, Bank Pembangunan Malaysia Bhd and Malaysia Debt Ventures Bhd.
“After taking into consideration the group’s current cash flow position vis-à-vis its total debt obligations payable and the available cash flow, the company is unable to declare that it is solvent, pursuant to paragraph 9.19A(4) of the Listing Requirements.
“Arising from the default in payment and the company is unable to declare that it is solvent, the company has triggered the prescribed criteria under paragraph 2.1(f) of the PN 17 of the Listing Requirements,” it added.

Holyman

225 posts

Posted by Holyman > 2020-02-12 12:39 | Report Abuse

bite the silver bullet...taxpayers dole.

pang72

47,335 posts

Posted by pang72 > 2020-02-12 22:00 | Report Abuse

irehawk Didn't this ctr was offer 3.90 a few years ago? all shareholders rejected the "unfair" offer?
19/12/2019 10:29 PM

Why didn't accept 3.90 but want to keep till 26c?

apolloang

18,163 posts

Posted by apolloang > 2020-02-12 22:57 | Report Abuse

tell pastor calvin to buy lo.....hehe

Posted by Choivo Capital > 2020-02-12 23:01 | Report Abuse

You know, these kind of company is actually worth more dead than alive.

It might be worth it to really understand the liquidation process and see if the equity still got any meat left anot.

=====
apolloang tell pastor calvin to buy lo.....hehe
12/02/2020 10:57 PM

Holyman

225 posts

Posted by Holyman > 2020-02-13 17:48 | Report Abuse

State govt also insolvent..bod pls have your mushroom stew .RESIGN.

thesteward

6,746 posts

Posted by thesteward > 2020-02-13 21:58 | Report Abuse

Wakakaka wakakaka ya ya my fren told me it was offered 3.90 a few years back . What a joke . Now became pn17.

plaxo 88

148 posts

Posted by plaxo 88 > 2020-02-26 09:51 | Report Abuse

now PH going to be kicked out, maybe somebody with some financial and business sense can finally take over. Or is this hoping for too much???

Holyman

225 posts

Posted by Holyman > 2020-02-29 15:44 | Report Abuse

My beloved PERAK.... no more silver bullets to kill the WEREWOLVES.

Diego2020

454 posts

Posted by Diego2020 > 2020-07-07 07:29 | Report Abuse

this counter will rally for its new director and chairman...

plaxo 88

148 posts

Posted by plaxo 88 > 2020-12-17 09:35 | Report Abuse

anybody have any info on this counter. Suddenly woke up

jetk13

5 posts

Posted by jetk13 > 2020-12-17 10:24 | Report Abuse

Not sure what is the news.. But is FIFO time..

jwyap

829 posts

Posted by jwyap > 2020-12-17 21:06 | Report Abuse

debt settle all. will up again tomorrow

BigPunter

115 posts

Posted by BigPunter > 2020-12-18 08:04 | Report Abuse

Wow. Check out announcement. Current NTA per share is -0.09. After proposed disposal is RM0.84 ... and after proposed debt settlement is RM2.85. This counter should fly today.

Posted by stockwinner > 2020-12-18 20:53 | Report Abuse

@jwyap.

Spot on!

Next wed come my hse Yum sheng


Still in CH minum tea tarik strawberry

DCCIH9E

86 posts

Posted by DCCIH9E > 2020-12-20 07:24 | Report Abuse

See annoucement, soon no more PN17, fly fly fly....

tpcourt123

729 posts

Posted by tpcourt123 > 2020-12-21 12:50 | Report Abuse

damm drop

Legend

4,119 posts

Posted by Legend > 2020-12-21 12:51 | Report Abuse

R.I.P

onionchong

429 posts

Posted by onionchong > 2020-12-21 12:59 | Report Abuse

RIP to those who bought at 0.5+

bjgdila123

3,463 posts

Posted by bjgdila123 > 2020-12-21 13:00 | Report Abuse

omg .30 boleh ka

thesteward

6,746 posts

Posted by thesteward > 2021-02-04 13:18 | Report Abuse

Hopefully the creditor scheme go thru .

thesteward

6,746 posts

Posted by thesteward > 2021-02-04 13:18 | Report Abuse

What big punter say is correct

tpcourt123

729 posts

Posted by tpcourt123 > 2021-04-19 12:35 | Report Abuse

lol....dammm...this stock diam diam shoot up 0.675...shit

veritas

48 posts

Posted by veritas > 2021-04-20 07:13 | Report Abuse

SOA with creditors has been approved yesterday.

veritas

48 posts

Posted by veritas > 2021-04-20 10:33 | Report Abuse

and voila, a company with negative equity is immediately transformed !

veritas

48 posts

Posted by veritas > 2021-04-20 10:53 | Report Abuse

The pro forma effects of the other components of the Proposed New Scheme of Arrangement
on the consolidated net asset and gearing of PCB Group based on the latest audited
consolidated financial statements as at 31 December 2019 and assuming Proposed New
Scheme of Arrangement had been effected as at 31 December 2019 are shown below:
Audited as
at 31
December
2019
After
Proposed
Disposal
of
PERKESO
Properties
After
Proposed New
Scheme of
Arrangement
RM’000 RM’000 RM’000
Share capital 272,770 272,770 272,770
(Accumulated losses) / Retained earnings (86,081) (40,188) 49,792
186,689 232,582 322,562
Non-controlling interest (195,777) (195,777) (195,777)
Total Equity (9,088) 36,805 126,785
No. of Shares (‘000) 100,000 100,000 100,000
Net (liability) / asset per Share (RM)(3) (0.09) 0.37 1.27

OckBoy

75 posts

Posted by OckBoy > 2021-04-25 20:18 | Report Abuse

what mean ?veritas. what is the nta?

plaxo 88

148 posts

Posted by plaxo 88 > 2021-06-04 09:35 | Report Abuse

up two cents today. must celebrate, finally it seems to be alive. Anybody know why?????????

jack64r

66 posts

Posted by jack64r > 2022-09-19 13:11 | Report Abuse

Anyone have any update on the magistrate ruling on the fraud accusation filing by DAP?

plaxo 88

148 posts

Posted by plaxo 88 > 2023-01-11 12:48 | Report Abuse

with new govt, any news on this company? Still to be kept in ICU or moved to normal ward?

Posted by bargainhunters > 2023-11-20 10:07 | Report Abuse

out of pn17?

tatwaiwong

268 posts

Posted by tatwaiwong > 2023-11-20 22:21 | Report Abuse

睦兴旺获得红土坎海运码头私人有限公司颁发总值1亿6100万令吉的红土坎海运码头扩张工程合约。睦兴旺工程指出,码头扩张工程包括在陆上的基础设施和海上设施,也包括属于岸外设施的开放式码头。
该项工程即将展开,并料在20个月内完成。

plaxo 88

148 posts

Posted by plaxo 88 > 2023-11-28 11:05 | Report Abuse

anyone can translate into english

Posted by Fabien _the efficient capital allocator > 2024-01-08 20:13 | Report Abuse

The Silver Valley Technology Park (SVTP) development in Kanthan is expected to bring in RM14bil foreign direct investment (FDI), says Datuk Seri Saarani Mohamad.

The Perak Mentri Besar said this RM1.03bil project would also create 13,000 new job opportunities for the people of Perak.

Saarani said he was optimistic that the development of SVTP would provide an alternative for Perak-born graduates to return back here to contribute to the state through the job opportunities provided.

“SVTP, which is located in a strategic location between the Kanthan Industrial Park and Meru Raya Town, already has a supporting ecosystem including existing basic facilities which provides an added value in attracting investors.

“To ensure that the SVTP is capable of being a catalyst for the state's industrial development and becoming the country's new industrial hub, aspects of quality and safety will not be compromised,” he said.

Saarani told reporters this on Monday (Jan 8) after witnessing the Joint Venture Agreement ceremony between Perak State Development Corporation, its subsidiary Perak Corp and Advancecon Holdings Berhad on the establishment of the park.

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