PARAGRAPH/RULE 8.03A COMPANIES : REGULARISATION PLAN ANZO HOLDINGS BERHAD
Type Announcement Subject PARAGRAPH/RULE 8.03A COMPANIES REGULARISATION PLAN Description ANZO HOLDINGS BERHAD ("ANZO" OR "THE COMPANY") PROPOSED REGULARISATION PLAN We refer to the announcement dated 11 October 2019, 25 October 2019, 6 January 2020 and 2 April 2020.
The Board of Directors of Anzo had on 2 September 2021 sought approval from Bursa Malaysia Securities Berhad (“Bursa Securities”) for an extension of time of 12 months, from October 2021 for Anzo to make the requisite announcement and submit its Proposed Regularisation Plan to Bursa Securities.
This announcement is dated 3 September 2021.
Announcement Info Company Name ANZO HOLDINGS BERHAD Stock Name ANZO Date Announced 03 Sep 2021 Category General Announcement for PLC Reference Number GA1-03092021-00092
It's more than 16 months since the signing of the copper supply agreement for estimated rm1.3 billions over 40 months. as of 30 June 2021, Anzo only made a total revenue of around 64 mil since the signing of the agreement. And this 64 mil consists of some revenue from the construction segments. With back of the envelope calculation, Anzo should have delivered RM422 million revenue just from the copper deal alone up until 30th June 2021. Instead, it only delivered 64 mil revenue which is just 15% on target. 85% off target and there is no clarification from Anzo on this. How would Anzo catch up back on the 85% off target? Most probably Anzo wont be delivering in the remaining 24 months. The latest quarter results would confirm whether Anzo can fulfill such 1.3 billions contract value or just a hoax like their Manjung gloves news.
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....
kentung
1 posts
Posted by kentung > 2021-04-14 09:38 | Report Abuse
can hold this counter?