Posted by Realrich > 2023-10-29 20:27 | Report Abuse

https://finance.yahoo.com/news/insiders-own-26-ekovest-berhad-075330925.html

Posted by theyoungman > 2023-10-29 20:36 | Report Abuse

1589 needs to submit regularization plan by due date (extended 3rd time, each time is 6 months, so from Mar to Sep, then another 6 mth again. At the same time, Botak proposal came out and if approved and accepted by shareholders, then regularization plan is covered inside this merger plan. Refer to botak Sep merger proposal, is mentioned there.)

Paragraph 8.03A is not PN17. But based on Bursa main board listing requirements, due to x number of yrs (3 yrs) a listed company didn't hit the min revenue requirements, the company is required to submit a good regularization plan to Bursa for processing so that the company can continue its listing status on Bursa, otherwise, it may have to be delisted from the market. PN17 is another issue but as for now, it is having Paragraph 8.03A issue and require to submit a regularization plan to Bursa by deadline.

Btw, as mentioned earlier, if investors are worrying about 1589 Paragraph 8.03A, then stay out, there are so many listed companies awaiting for us to invest isn't it? Hihihi.

My2cv

Posted by soon9913 > 2023-10-29 21:20 | Report Abuse

if u read the proposal properly, KNUSFORD should be benefiting from the corporate proposal.. Ekovest construction is a profitable company (refer to quarter report of Ekovest) with huge order book on hand (RTS and etc) . the merger will only benefiting KNUSFORD to turn it become a profitable company and there will be more contracts to be secure especially from Johor .. and there will be a share split soon.

KNUSFORD is value buy now before too late!

Posted by soon9913 > 2023-10-29 21:24 | Report Abuse

ekovest price is not attractive due to issuing huge number of cheap stock to LKH soon in exchange for land bank which wouldnt generate cash flow in near future. IWH disposal their lands to Ekovest at Market value but ekovest issue additional stock at RM0.60 only which will significantly dilute the interest of existing shareholder.

but KNUSFORD should be the main beneficiary from the exercise!

Posted by soon9913 > 2023-10-29 21:26 | Report Abuse

Ekovest should be issuing new stock at NTA... price

Posted by soon9913 > 2023-10-29 21:27 | Report Abuse

so ekovest is not attractive anymore, but KNUSFORD will be bull run soon

Posted by Winner38 > 2023-10-29 21:45 | Report Abuse

So keep or sell????

Posted by RISK8888 > 2023-10-29 22:54 | Report Abuse

The future is so bright, why sell? Boss willing to accept 0.60, now only 0.48. There are plenty of room to go up man!

Posted by Ayong21 > 2023-10-29 23:41 | Report Abuse

Since the future is so bright with 0.60, so tmr can open margin and ALL IN to buy right ?

Posted by Realrich > 2023-10-30 02:12 | Report Abuse

Agree with soon9913 ekovest should sell already because you need to issue so many new share to Lim and issue new share your share in hand is diluted if offer price 0.60 your share on hand need to divide by 3 if not who going to pay the additional share issue? The one pay is the existing shareholder diluted. After issue new share the share price become 0.20.

Posted by Shines > 2023-10-30 06:43 | Report Abuse

What about the assets that will come into Ekovest's fold?

Posted by RISK8888 > 2023-10-30 06:51 | Report Abuse

Aiyo, u see uems also big debt low profit. But why price sky rocket? Because of the landbank effect. This will happen in ekovest also. Buy now or it will be too late.

Posted by Realrich > 2023-10-30 07:16 | Report Abuse

For good decision is I sale first and wait the existing shareholder diluted to 0. 20 I just bought at 0.20. I think 3 month later I will buy back 0.20 share price after issue so many cheap share. Now I run first wait after share diluted just buy back

Posted by Realrich > 2023-10-30 07:18 | Report Abuse

Shines asset recently is no effect because you only get the iwcity waterfront mall and danga city mall this two shopping mall is running big losses and not residential land is shopping mall no people go until 2026

Posted by RISK8888 > 2023-10-30 08:17 | Report Abuse

What a waste, by December you won’t see 0.5 range anymore. Now weak ringgit open up the window for FDI to come in. Once everything set in, ringgit will start going up, share price will rocket up too.

Posted by Realrich > 2023-10-30 08:25 | Report Abuse

0.5 diluted will be back to 0.15 lol don't worry within 3 month they will issue a lot cheap share. After that we just buy still got many times the project start 2026

Posted by Shines > 2023-10-30 08:45 | Report Abuse

So uncertain surrounding, I better stay sideline and watch first until som concrete news are out

Posted by RISK8888 > 2023-10-30 08:57 | Report Abuse

very soon will be above 0.50. in November reach 0.60 no problem because HSR ada announcement in November.

Posted by canyon > 2023-10-30 09:00 | Report Abuse

company that owned duke highway 1,2,3 worth 15cent.. really bro.. lol

Posted by RISK8888 > 2023-10-30 09:05 | Report Abuse

is 50++ years concession, sleeping pun ada income.

Posted by Realrich > 2023-10-30 09:09 | Report Abuse

Thanks I sold already see you all 0.20 after issue so many cheap share to diluted existing shareholder

Posted by Realrich > 2023-10-30 09:10 | Report Abuse

Canyon the duke will transfer to Knutsford already

Posted by RISK8888 > 2023-10-30 09:11 | Report Abuse

aiyo rugi la, sell at 0.48. very fast can get 0.50. should queue higher price.

Posted by fl888 > 2023-10-30 09:13 | Report Abuse

Why foreign fund managers not whacking Ekovest with 1 USD now... RM4.78....????? Johore Sultan now King...

Posted by Realrich > 2023-10-30 09:17 | Report Abuse

Fl888 institution not interested running big losses company

Posted by soon9913 > 2023-10-30 09:56 | Report Abuse

Trade808, why divided by 0.84? tot Knusford new share issuing to Ekovest will be at 60cents after share split and bonus issued at Knusford?

11. Next kunsford will buy ECSB by issuing new shares. For the sake of discussion let us just use the last friday closing price of 84sen. Therefore, the number of new considering share to be issued to Ekovest Bhd will be 450m x 0.6 divided by 0.84 is 321m of knusford shares.

Posted by soon9913 > 2023-10-30 09:57 | Report Abuse

ekovest will turn profit also.. once (1) listing the highway biz, (2) more projects launching in Johor, (3) provisioning of RTS (4) recovery of durian price

Posted by soon9913 > 2023-10-30 09:57 | Report Abuse

but it will take time perhaps 3 to 5 years

Posted by Realrich > 2023-10-30 10:06 | Report Abuse

Lucky I run fast 0.48 broken already 2 million share

Posted by ExecutionTrade > 2023-10-30 10:07 | Report Abuse

pretty sure Uncle Lim will work closely with the new YDPA 😁

Posted by soon9913 > 2023-10-30 10:10 | Report Abuse

anything is possible short term could be downtrend

Posted by Realrich > 2023-10-30 10:10 | Report Abuse

Issues so many new share to buy danga mall diluted existing shareholder this is very bad to existing shareholder

Posted by soon9913 > 2023-10-30 10:19 | Report Abuse

actually how is the danga mall biz? good biz or a dead mall? i never been there

Posted by Realrich > 2023-10-30 10:21 | Report Abuse

Is a dead mall now is only few shop lot sale the IT computer and services computer

Posted by Realrich > 2023-10-30 10:22 | Report Abuse

Waterfront mall is totally no shop lot and danga mall become IT city no people go

Posted by soon9913 > 2023-10-30 10:32 | Report Abuse

how about danga walk and dange residency?

Posted by Realrich > 2023-10-30 10:39 | Report Abuse

In the proposal botak didn't buy. Is only danga city mall and offer a 300 million above

Posted by Realrich > 2023-10-30 10:41 | Report Abuse

Danga residency already sold to the JB buyer already lah they are not the owner already

Posted by soon9913 > 2023-10-30 10:45 | Report Abuse

any upcoming project there? will RTS help that area?

Posted by soon9913 > 2023-10-30 10:49 | Report Abuse

realrich, buy knusford before too late

Posted by Realrich > 2023-10-30 10:53 | Report Abuse

No project. JB still waiting 2026 RTS ready. And danga mall is no land to develop residential. If only shopping mall the location need to see near the RTS or not but currently the place too far to link the RTS

Posted by Realrich > 2023-10-30 10:54 | Report Abuse

I move to profit generated company now is too early to go in the making losses until 2026

Posted by Realrich > 2023-10-30 10:56 | Report Abuse

JB too many shopping mall already and I think only residential property can sale to Singaporean

Posted by Shines > 2023-10-30 11:13 | Report Abuse

Looks like the reorganization and mergers wont be a success.

Posted by OnTime > 2023-10-30 11:17 | Report Abuse

jb city sq is super busy and congested with this rts construction thing, elsewhere is just dead zone imo

Posted by Shines > 2023-10-30 11:19 | Report Abuse

Must suspend all the Co.s involved to nego, if price fluctuation up and down, how to nego?

Posted by Realrich > 2023-10-30 11:28 | Report Abuse

Yes only city square is the mall direct link to RTS others is dead zone

Posted by Realrich > 2023-10-30 11:47 | Report Abuse

0.475 broken already 3 million share walao

Posted by Jonathan Keung > 2023-10-30 12:25 | Report Abuse

Technically 45 is the key support . Just be cautious of conflict in Gaza and Ukraine. Budget 24 has nothing for the property sector

Posted by 1354018 > 2023-10-30 12:40 | Report Abuse

8877 and 1589 have very good prospect. Who can hold who will be the big winner!