Posted by hcyau123 > 1 month ago | Report Abuse

Don't really understand the announcement. Can someone clarifies?

Posted by Badaksumbuuu > 1 month ago | Report Abuse

Ini monthly announcement. Takde kena mengena dgn kes compensation tu

Posted by Alipapapa > 1 month ago | Report Abuse

AWANTEC WIN !!

Posted by altis > 1 month ago | Report Abuse

Hi Alipapapa, How do you know ? Have u attended the court hearing ?

Posted by 11395861 > 1 month ago | Report Abuse

Which one true info about compensation RM700 milion... have someone to clarification this case

Posted by SumSum8 > 1 month ago | Report Abuse

👍👍👍

Posted by investor77 > 1 month ago | Report Abuse

Good news ? Huat ah !!

Posted by investor77 > 1 month ago | Report Abuse

Compensation of 231 mil and 5% interest from 2019 backdated. How much does Awantec owes Creditors. To be fair, pay some to Creditors and give some Dividends to shareholders !! Assuming 20%, 5 % for 4 years till 2024, of 230 mil, is 46 mil. Total is RM 277mil. Share should move as people waited 4 yrs + for compensation.

Posted by 11395861 > 1 month ago | Report Abuse

Tq omega for your clarify....the judge award PSKIN RM232 milion n GOM must be pay RM85000 legal cost during OS

Posted by Bleh > 1 month ago | Report Abuse

share price no move also .. lol

Posted by investor77 > 1 month ago | Report Abuse

No of shareholders is 780 million. Company sure will pay some to creditors. Board of Diretors not sure to appeal against decision if it spent more than 230 mil to develop the SKIN system. Anyway, sure to give some dividends to long suffering shareholders also !!!

Posted by Rajankumar > 1 month ago | Report Abuse

Finally, Awantec won the legal dispute with GOM. This is the best outcome for Awantec. With an amount of RM231 Million + RM58 million (5% interest for 5 years), Awantec can be moving ahead.

Posted by Rajankumar > 1 month ago | Report Abuse

For Awantec, this is the best outcome rather than loss in the legal dispute with the Government of Malaysia.

Posted by ronnie2u > 1 month ago | Report Abuse

sell on news...

Posted by hcyau123 > 1 month ago | Report Abuse

look like investors not happy with the outcome.

Posted by mf > 1 month ago | Report Abuse

collect

Posted by rob8ry24 > 1 month ago | Report Abuse

catch limit down

Posted by xuxu > 1 month ago | Report Abuse

this one also news out all gone

Posted by ronnie2u > 1 month ago | Report Abuse

catch if you dare hahahaha

Posted by fl888 > 1 month ago | Report Abuse

Spent 788plus million, get only 231 million.....LD....RP also not able to submit in April...

Posted by stainlyho37 > 1 month ago | Report Abuse

too far from 700m.....lau sai..!!!

Posted by rob8ry24 > 1 month ago | Report Abuse

limit down 21c la kaka

Posted by duatlai > 1 month ago | Report Abuse

Court asked Government to pay for job done Rm231 mil. Plus allocation fee

Posted by xiaoeh > 1 month ago | Report Abuse

Posted by Rajankumar > 1 hour ago | Report Abuse
Finally, Awantec won the legal dispute with GOM. This is the best outcome for Awantec. With an amount of RM231 Million + RM58 million (5% interest for 5 years), Awantec can be moving ahead.

agree
and how about the listing issue bro Rajankumar?

Posted by AmmarSyahiran > 1 month ago | Report Abuse

why droppppp so much even winninng some compennnsationnn

Posted by thanos2020 > 1 month ago | Report Abuse

Those that panic sold after lunch...pls continue to sell..i wld like to pickup more below 40sen. If you looked at the bigger picture of projects awarded and the compensation they are receiving. They are in a very good position... much better than CapitalA tat ppl r paying a premium for it

Posted by thanos2020 > 1 month ago | Report Abuse

https://theedgemalaysia.com/node/704578

Posted by xiaoeh > 1 month ago | Report Abuse

personally,
i think RM700mil++that Awantec set earlier was just one kind of art of negotiation
imagine what will Awantec get if the compensation amount set was RM500mil or lower

Posted by thanos2020 > 1 month ago | Report Abuse

Exactly...after settling all their long term liabilities..still ada Rm50mill free cash from the compensation. Dont understand what all this hoohaa is abt...

Posted by ronnie2u > 1 month ago | Report Abuse

punters make money and run....
investors stays HODL

Posted by 11395861 > 1 month ago | Report Abuse

Really suspended after win the battle about SKIN compensation RM232 milion...market capital Awantech almost RM400 milion...the really share price between 0.60 cent till 0.80 cent.

Posted by EatCoconutCanWin > 1 month ago | Report Abuse

Scam... Siapa mau kasi project Sama ini company, tengok pun tau company buruk. Siapa tipu siapa pun tak tau lo

Posted by speakup > 1 month ago | Report Abuse

Redtone kasi rm300mil projek kpd Awantec. So mcm mana?

Posted by jvw1520 > 1 month ago | Report Abuse

It shld be good news in the GOM compensation and the couple of contracts obtained …. so tomorrow shld b green …

Posted by Noni > 1 month ago | Report Abuse

The compensation is only 1/3 of the company's expectation. Hence it turned red.....

Posted by Bull13 > 1 month ago | Report Abuse

Awantec must appeal. At least 50% of compensation or negotiate with govt to reinstate it as a full or part vendor for the NIISE.

Posted by boyah89 > 1 month ago | Report Abuse

The GOM just pay the compensation 231m for the ongoing job.. i think 700m the damage of breach contract, GOM will pay through new projects to Awan. you see already 2 projects awarded to awan.. soon more to come

Posted by 11395861 > 1 month ago | Report Abuse

Awaiting must accept compensation RM232 milion including interest 5% per anum i believe NiiSe to be award soon by GOM......be positive mind.

Posted by Badaksumbuuu > 1 month ago | Report Abuse

Tak tau apa nak cakap lagi . Menang dekat 300 juta campur interest pun jatuh . Pertama kali saya kecewa dgn counter ini . Project ada duit ada . Lawan GOM bukan senang tapi pun menang . Amount pun ok . Pas menang jatuh 15 sen . Dari 55 sen sampai 40 sen . Haizzzzzz

Posted by minher > 1 month ago | Report Abuse

PARAGRAPH/RULE 8.03A COMPANIES : MONTHLY ANNOUNCEMENT
AWANBIRU TECHNOLOGY BERHAD

Type Announcement
Subject PARAGRAPH/RULE 8.03A COMPANIES
MONTHLY ANNOUNCEMENT
Description AWANBIRU TECHNOLOGY BERHAD ("AWANTEC" OR "THE COMPANY") - MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARISE THE FINANCIAL CONDITION OF THE COMPANY PURSUANT TO PARAGRAPH 8.03A OF THE BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTS
We refer to our first announcement dated 29 January 2021 and subsequent announcements in relation to the Company triggering the prescribed criteria pursuant to Paragraph 8.03A 2(a)(aa) of Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”).

We had on 13 October 2023 announced that Bursa Securities had, vide its letter dated 13 October 2023, granted the Company an extension of time of 6 months up to 13 April 2024 to submit its regularisation plan to the relevant regulatory authorities for approval.

The Company has approximately 1 month to submit a regularisation plan to the relevant regulatory authorities for approval and will make the relevant announcement in relation to its latest development in accordance with the requirements under Paragraph 8.03A of the Listing Requirements.

This announcement is dated 1 March 2024.

Posted by minher > 1 month ago | Report Abuse

Dun forget that Awantec still got 1 month to submit the regularisation plan. If fail to do it, Awantec will facing suspend and delist.

Posted by minher > 1 month ago | Report Abuse

I think major shareholder dump the share in market, bcos they scare Awantec will suspend after failing to submit the regularisation plan which very near soon.

Posted by minher > 1 month ago | Report Abuse

NYLEX is good example. NYLEX suspended after failing submit the regularisation plan. Even Nylex made appeal and successful get extension, but Nylex share trading still suspended. Dun know Awantec will facing such problem or not.

Posted by minher > 1 month ago | Report Abuse

Play safe. Dun buy and stay sideline.

Posted by Badaksumbuuu > 1 month ago | Report Abuse

RP tu is the LEAST WORRY krn karang Awantec udah ada beberapa project dalam tangan from GOM dan juga 1 besar punya dari Red Tone . Dan duit pun ada utk settle kat creditor . The worst is over . Tapi pun jatuh . Market ini menang amat amat amat susah menang duit .

Posted by helangtua > 1 month ago | Report Abuse

Gap to be filled 0.34

Posted by helangtua > 1 month ago | Report Abuse

literally retail panic sell just look at the volume

Posted by 11395861 > 1 month ago | Report Abuse

Yesss....Awantech still Affected Listed Issuer till 2nd April 2024 n it has been made appeal n not approval.....bursa not drop this.

Posted by 11395861 > 1 month ago | Report Abuse

Sorry...till 13hb .April 2024

Posted by xiaoeh > 1 month ago | Report Abuse

buy on news
sell on facts