Posted by Faiza > 2018-05-26 17:59 | Report Abuse

Koyak liao

Posted by calvintaneng > 2018-05-26 18:03 | Report Abuse

Aiyoyo!

Corruption of Perak Corp Directors?
https://www.thestar.com.my/news/nation/2018/05/26/quit-or-get-fired-ngas-ultimatum-to-perak-corp-board-members-after-huge-losses/#5vyQe4t65IlHQ0G7.99

Better sell all Perak Corp!!!

And go buy TA ENTERPRIZE!!

TA people are now converted Christians of integrity!!

Posted by relaks > 2018-05-26 18:51 | Report Abuse

1 kaki di Parti politik, goyang kaki makan gaji buta di PLC, hanya di Msia! Msia boleh! Wakakah!

Quit or get fired: Nga’s ultimatum to Perak Corp board members after huge losses - Nation | The Star Online
“The amount of debts is shocking and it shows how incapable the board members have been in managing the group.
“'The board members, who are current and former Barisan Nasional state representatives themselves, should resign with dignity before they're sacked,” he told a press conference here Saturday (May 26).

Read more at https://www.thestar.com.my/news/nation/2018/05/26/quit-or-get-fired-ngas-ultimatum-to-perak-corp-board-members-after-huge-losses/#HgKEFLaAcu02CZdh.99
https://www.thestar.com.my/news/nation/2018/05/26/quit-or-get-fired-ngas-ultimatum-to-perak-corp-board-members-after-huge-losses/#5vyQe4t65IlHQ0G7.99

Posted by trulyinvest > 2018-05-26 18:57 | Report Abuse

Stupid shareholders if prkcorp.. kikiki. Last time ppl want to take private rn3.50, reject. Pasal apa, greedy. Now prkcorp 50sen pun org x mau. Padan muka. Kikikiki

Posted by hovid > 2018-05-26 21:23 | Report Abuse

http://www.enanyang.my/?p=1050955

Posted by tah16600 > 2018-05-26 22:21 | Report Abuse

Bankrupt company

Posted by tah16600 > 2018-05-26 22:47 | Report Abuse

Better sell n buy cash rich company like Dutaland

Posted by tah16600 > 2018-05-26 23:03 | Report Abuse

Kantonese saying Chow Tak Five Ho Sai Kai

Posted by Baobab > 2018-05-28 08:44 | Report Abuse

This is really a sad news to hear what Nga has discovered about Perak Corp. The shareholders put their hard earned money into the shares and trusted the board of directors to manage the company well. In return what the shareholders have to face are continuing losses and losses, without seeing any light at the end of the tunnel. Correct me if I am wrong, I would think that resignation alone is not suffice. Someone shall be held accountable for all the losses and prosecuted in accordance with the laws if any wrong doing were committed. Probably it is time for the police, MACC, IRD and SC to step in and start investigating for the interest of all the shareholders and also public at large.

Posted by paperplane > 2018-05-28 08:58 | Report Abuse

will their be new management etc not?? ask Nga quickly revamp this company, it is perak people hard earn tax money here!!

Posted by Fabien Extraordinaire > 2018-05-28 09:04 | Report Abuse

they should privatise the company for second time, and clean up the mess. probably re-listing few years later.

Posted by tah16600 > 2018-05-28 09:11 | Report Abuse

Who want to buy a negative asset comp? Sooner or later will be delisted if I am not wrong, Cutloss is d only solution.

Posted by JuniorR > 2018-05-28 10:12 | Report Abuse

Their Quarterly and Annual reports will show that they have been doing well for the past 10years profitable with dividends until they started Movie Animation Park Studio (MAPS).

MAPS is a on books RM520mil project to which they wrote off RM320mil for quarter ending 31/12/2017 under their Hospitality & tourism sector. This sector of Perak Corp made RM32.5mil income that quarter.

Macam ni. Kalau ada kereta beli 52ribu loan, kamu kata cost setiap tahun mungkin 10ribu untuk 5 tahun lebih sikit. Tapi MAPS mereka kata kos 32ribu tahun pertama. Kereta masih ada dan mereka buat business guna kereta ini.

Perak Corp biggest most profitable sector if excluding MAPS (a subsidiary), is their Port & logistics sector. This latest quarter (31/03/2018) they made RM18,237mil in profit. This is huge as Perak Corp is actually a comparatively small company that took on a giant project like MAPS.

NO doubt they may have been involved in some mismanagement graft etc to which they must be held accountable. For example why is their OUTSTANDING RELATED PARTY RECEIVABLES land for sale amounting to RM70mil plus ongoing for so long.

Posted by JuniorR > 2018-05-28 10:27 | Report Abuse

Macam ini, check for improprieties in this company but tunggu MAPS buat duit with the current help of Only World Group. Of course when starting biz all cost high. Plus they write off more 50% cost of MAPS in 1st year.

If privatised you are helping all cronies either new or old because they wont have to report their income to public! And if privatise less than RM5 I think shareholders we will say jumpa in court.

btw thank you for selling cheap cheap. Price drop 50% in 1 week but MAPS doing better with new help. Developing Bandar Meru Raya (3000acres) may cost this company more money

BUT Perak Corp whole company is selling for RM51.5mil today! C'mon shareholders.. one small apartment development also rm300mil which obviously when just build if not sold/rented out will have losses. Anyhow, i dont think any smart large shareholders willing to sell any shares. Always small volume this counter.

Posted by calvintaneng > 2018-05-28 10:39 | Report Abuse

Such a high net assets like Perak Corp can suffer a collapse of 80% from Rm3.60 to 51.5 sen?

With the favor of Perak Govt backing in own turf of Perak?

This must be another Insider corruption like 1MDB?

SC should go and reprimand all Directors.
PH NEW GOVT SHOULD GO AND AUDIT ALL THEIR ACCOUNTS. AND POLICE SHOULD GO SEARCH DIRECTORS' HOMES FOR HIDDEN LOOT (SECRET KICKBACKS FROM OVERPAYMENT FOR ANIMATION THEME PARK)

FREEZE ALL THEIR BANK ACCOUNTS AND CHECK OUT ALL TRANSACTIONS.

SURELY THERE IS SOME HIDDEN FRAUD.

Posted by leno > 2018-05-28 10:39 |

Post removed.Why?

Posted by calvintaneng > 2018-05-28 10:50 | Report Abuse

Who is scolding Leno?
Leno is clever!

All should have voted for privatisation above Rm3.50

Insiders wanted to take it private and then do a hidden robbery. Since cannot privatise they are still robbing discretly.

NOW REGRET ALSO NO USE.

CALVIN BOUGHT PERAK CORP AT 60 SEN 10 YEARS AGO. SOLD ALL WHEN PERAK CORP REACHED RM1.60

WHEN I SAW IT CHASED UP TO RM3.60 I GAVE STRONG WARNING NOT TO CHASE AS THE 1,000 ACRES LAND IN LUMUT WERE NO MORE.

SINCE SELLING ALL AT RM1.60 I HAVE WAITED FOR IT TO FALL BACK TO 60 SEN AND THEN START BUYING.

BUT NOW PERAK CORP IS PERAK CORRUPTED.

SO BETTER AVOID.

GO BUY TA ENTERPRIZE IN STEAD.

Posted by paperplane > 2018-05-28 11:38 | Report Abuse

leno the stupid catr, hahahahha

Posted by paperplane > 2018-05-28 11:39 |

Post removed.Why?

Posted by Baobab > 2018-05-31 10:05 | Report Abuse

One director has resigned so far. What about the rest of the directors? Shouldn't they also be equally responsible and accountable for the huge losses suffered by the company? It will be critical for the police, MACC, IRD and SC to instigate an investigation to find out if there is any wrong doing by the board of directors which caused the massive losses all these years. The shareholders deserve to know what had actually happened in the company that gave rise to such a substantial loss.

Posted by bahai4453 > 2018-06-04 12:00 | Report Abuse

Why listen to those sohai to step into this trap. This BN stock is totally mismanaged at all levels. semua makan tak kerja, mati lah. they had lost more than their total capital. Run............run, may go bankrupt anytime if the board is not sacked and reshuffled the whole corp. from top to bottom. Keep your money and look for elsewhere. There are plenty of good stocks. why must you get into this shits and have endless nightmares.

Posted by gforce2 > 2018-06-06 21:43 | Report Abuse

https://www.malaymail.com/s/1639047/perak-defends-decision-to-hold-open-house-at-theme-park

IPOH, June 6 — The Perak state government has defended its decision to host its Hari Raya open house on the first day of the Aidilfitri celebration at Movie Animation Park Studios (MAPS) theme park, claiming it was more cost-effective.

Posted by paperplane > 2018-06-09 00:59 | Report Abuse

Invest in kps then

Posted by paperplane > 2018-06-09 01:01 | Report Abuse

Ask Mr Koon to help

Posted by Junichiro > 2018-06-09 21:05 | Report Abuse

Better ask Genting for help.

Posted by Diamond7 > 2018-07-21 22:07 | Report Abuse

No hope Liao???

Posted by paperplane > 2018-07-27 22:26 | Report Abuse

My salute to Mr koon. He should help this company as it is owned by Perak govt. Also if he don get datoship, it's good also. Same like wct founder, the big boss also no dato what soever,still ppl salute you.

Posted by J For Janice > 2018-08-01 15:48 | Report Abuse

KYY is coming,BUY

Posted by J For Janice > 2018-08-01 15:49 | Report Abuse

http://klse.i3investor.com/blogs/koonyewyinblog/167834.jsp

Posted by J For Janice > 2018-08-01 15:50 | Report Abuse

manupulating prkcorp to rm60

Posted by Diamond7 > 2018-08-18 09:27 | Report Abuse

PHarapan new board of Directors n Management will know how to transform the company!

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

Very interesting stock ! Worth to invest tho

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

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

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

Good time to accumulate more and gain more profit :)

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

Waiting to close shop lol !

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..

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.

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???

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

Question: is it time to buy?

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

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

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

dropped from RM3+ to now 40 sen ?

Posted by jwyap > 2019-11-29 22:36 | Report Abuse

https://klse.i3investor.com/financial/QoQ/quarter/8346/30-Sep-2019_1158030267.jsp

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.

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?

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

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

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.

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

bite the silver bullet...taxpayers dole.

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?

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

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