SHAREHOLDERS ARE ADVISED TO READ THE CONTENTS OF THIS STATEMENT CAREFULLY BEFORE VOTING ON THE RESOLUTION TO GIVE EFFECT TO THE PROPOSAL. 2. INFORMATION ON THE PROPOSED RENEWAL 2.1 Details of Proposed Renewal As at LPD, the Company purchased a total of 10,000,600 own shares from the open market and retained as treasury shares. Details of purchases made during the financial year ended 31 December 2015 are set out in the section of Additional Compliance Information of the Annual Report 2015. The details of the share capital of the Company as at LPD are as follows: Number of Shares Issued and paid-up share capital of the Company (inclusive of treasury shares) 1,242,760,588 10% of the issued and paid-up share capital 124,276,058 Total number of treasury shares as at LPD (10,000,600) Balance for Share Buy-Back 114,275,458 The Purchased Shares held as treasury shares may be distributed as share dividends to the shareholders of the Company and/or subsequently cancelled and/or resold on the market of Bursa Securities as may be determined from time to time by the Board.
In actual fact, they were fined because of AFS late by 6 market days and Annual Report late by 31 market days. In terms of 16.67% results deviation, they actually overdeclared their losses of RM210m when it was in actual fact RM175m. This can be viewed positively as they have take a cautious step in reporting their losses although it was view as a weakness by Bursa Malaysia.
That being said, the latest Audited FS have shown positive results and that business has actually picked up following the fire incident. Just need to push for the Fat Choi CEO to deliver some dividends before the stock price can actually pick up.
50k make price lower one unit again. It is very embarrassing. Actually, please don't buy any share if not confident and do homework. Frighten like rats just small matter happens, invest what for? Lol
yeah so what?...u can see but cannot touch.....as if they are gonna share the profit with you!....u become sochai only...give them money do biz but got no yield returns....haha sorchai sorchais
Don't forget somebody bought the monther share and 50% of warrant. It cost about 10million. Something will happens within one year. Csl simply give some cents can make price double up. However, the risk is still. Think twice before decision made. HahA...
Thru. Paper share totally under value as nta, eps, profit and etc worth more than that!!! but share price realky miserable because China stock ? China stock really can't trust?
They pass a resolution to authorise them to issue shares of not more than 10%.The accounting practice is unfair to the existing minority shareholders by allowing the directors to issue shares at their discretion.Thus increasing the supply of shares which will dilute the value of each share.For instance if the nta is rm1.2 and the market value is 9c and they buy the new 10% at 9c by discount of rm1.01 for each share and our nta is devalued by the increase of 10% bcos the total asset is now divided by total no of shares + 10% which will give a lower value.The authorities must not approve such practice when their is a vast differenc in price between the market price and the nta.
This share is shit and miserable Market respond well on the their bad news like director dispose own share, factory burn and etc.. But market did not respond well on their current value..something not right and manipulate one.. with current share price@0.09 - 0.10 look very attractive vs current value but still can trap pp in. Too Good To Be True.
Water99,I thought Bursa would check on its creditability but did not instead fined them for late submission of a/c,useless bursa. Yes,too good to be true.I lost a fortune in this counter.
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....
TheMiddle
789 posts
Posted by TheMiddle > 2016-03-16 18:19 | Report Abuse
Thx feizal mazlan and jstockman opinion. Good for reference.