Pasukhas secures RM77 mil building and external work contract at Jalan Tun Razak
KUALA LUMPUR (Sept 15): Pasukhas Group Bhd (0.115 ) via its unit Pasukhas Sdn Bhd has secured a building and external work contract worth RM77 million from Focus Dynamics Bhd's subsidiary Famous Ambience Sdn Bhd to complete the construction of a commercial smart building at Jalan Tun Razak, Kuala Lumpur.
The three-storey building will have two basement levels and a banquet hall, according to its filing with Bursa Malaysia.
In a separate statement today, the group said the construction is scheduled to be completed entirely by November next year and that it will deploy its team of experts in the field of development, civil engineering, and construction services to ensure that the team adheres to its client’s project timeline.
“The construction industry is starting to pick up pace again with gradual economic recovery, supported by the implementation of various government initiatives and assistance,” said Pasukhas executive director and CEO, Wan Thean Hoe.
The commercial building also houses an underground two-level car park space to address the growing demand for car park spaces in the densely populated area, it said.
Recently, the group highlighted that Pasukhas and partners have also tendered partnership public-private partnership (PPP) project to provide engineering solutions for the construction and operation of a waste treatment plant/waste-to-energy plant (WTE) in Sungai Udang, Melaka.
“With its order book building, and pipelines of projects on the horizon, the group is looking forward to securing further projects in the near future,” it said.
Shares in Pasukhas ended unchanged at 12 sen today, valuing the company at RM133.15 million.
I just got reminded that last year Sept 2021, " Shares in Pasukhas ended unchanged at 12 sen today, valuing the company at RM133.15 million." and now it become 0.025, how much losses is that, 85%++......seriously I also don't want to know how much the company value as I know the shares must be alot which make this real hard to push up as too many units available already........
KUALA LUMPUR: The Securities Commission (SC) continued to strengthen Islamic Capital Market’s (ICM) value proposition through widening access to syariah-compliant funding, instilling greater impetus for Islamic social finance, and encouraging Islamic fintech growth.
In the SC Annual Report 2021 released yesterday, it said that to facilitate a conducive funding ecosystem within ICM and advance the development of market-based financing avenues to support the halal economy, a Syariah Screening Assessment Toolkit for the unlisted micro, small and medium enterprises (MSMEs) was introduced.
The Toolkit included a series of assessment questions based on the syariah screening methodology for unlisted MSMEs, which was endorsed by the SC’s Syariah Advisory Council. — Bernama
PETALING JAYA: The board of public listed companies (PLCs), especially independent directors and the audit committee, must establish effective processes and controls to prevent detrimental related-party transactions (RPTs) as these have become prevalent, said the Securities Commission (SC).
“They must also ensure that decisions made on RPTs are in the best interest of the PLCs and its shareholders,” the SC said in its 2021 Annual Report.
“Furthermore, PLCs should ensure that RPT disclosures and disclosures of other dealings between related parties are timely, complete and accurate.
“Given the potential price impact of RPT announcements, PLCs’ internal policies on the handling and safeguarding of material non-public information should cover RPTs that are likely to have a material price impact,” it added.
The regulator also said that investors should also pay more attention to general announcements in relation to transactions between related parties who are only connected by common directorships which includes memorandum of understanding or heads of agreement between related parties.
“This is because such transactions or dealings may still carry the risk of erosion of minority shareholders protection. Generally, RPT refers to a transaction entered into by a PLC which involves the interest of a director, major shareholder, or person connected with such director or major shareholder,” the SC said.The SC said its assessment on several large RPTs ranging from RM250mil to more than RM3bil suggests that RPTs involving PLCs within family groups and those with long serving independent directors whom have served for more than nine years may require closer monitoring to ensure that the transactions are not detrimental to minority shareholders.
“There were also instances where RPT issues and concerns were uncovered by auditors of financially distressed PLCs,” it said.
The SC said these findings follow after a thematic assessment to holistically examine the regulatory regime and practices of (RPTs by PLCs, and some were performed in collaboration with academicians from the Monash University Malaysia School of Business.
“Findings from the assessment and insights on the practices, market impact, and governance arrangements of RPTs may guide the SC’s future regulatory policies on RPTs,” it said.
The SC noted also that RPTs were quite prevalent here and this is also supported by previous reports by the Organisation for Economic Co-operation and Development and CFA Institute which had highlighted this.
“While not all RPTs were abusive, occurrences of detrimental RPTs did pose harm to investors,” it said.
Based on the analysis of 5,500 transaction announcements between 2016 and 2020, the SC noted that some 494 of PLCs or around 50% of all PLCs on Bursa Malaysia made at least one RPT announcement during that period, the SC said.
The analysis study also revealed that some 148 PLCs made both RPT and recurrent RPT announcements.
“This indicates that RPTs are considerably prevalent among Malaysian PLC,” the regulatory body said noting that the size of the RPTs varied significantly, ranging from tens of millions of ringgit to several billions.
“One of the desired outcomes of this assessment is to measure the price impact of RPT announcements. The analysis revealed there was a significant effect on share price movement on the day after RPT announcements were made,” it said.
The SC also said it observed above-average share price movements on the day leading up to the RPT announcements and this indicates that there could be some leakages of price-sensitive information.
“As part of the SC’s ongoing regulatory work, it vigilantly monitors emerging and potential harms to investors, and shall take the necessary steps to protect investors,” it said.
The Securities Commission Malaysia said its assessment on several large related-party transactions involving public listed companies within family groups and those with long-serving independent directors may require closer monitoring
Directors will be super rich after getting million of esos. Tax dept should investigate the directors where did the money for esos came from e.g. money laundering
iNTERNAL AUDITORS MUST BE SUBJECT TO OVERSIGHT BOARD LIKE THE EXTERNAL AUDITORS. IF THE INTERNAL AUDITORS DARE NOT AUDIT PURCHASING AND RELATED PARTIES TRANSACTIONS, INTERNAL AUDITORS ARE USELESS ... LEAKAGES OF FUNDS USUALLY THROUGH PURCHASING AT INFLATED PRICES AND RELATED PARTIES DEALS HAHA
DIA DAH 75+ MAU BANYAK ESOS UNTUK BERSARA... FAHAM JE HAHA
Dato’ Nik Ismail Bin Dato’ Nik Yusoff was appointed to the Board on 15 September 2020 as an Independent Non-Executive Director. He is the Chairman of the Nomination Committee and is also a member of Audit and Risk Management Committee. Dato’ Nik Ismail graduated from Universiti Kebangsaan Malaysia with a Diploma of Sains Kepolisan (DPS). Dato’ Nik Ismail joined the Police Force in 1965 and served the Force until his retirement on 2 September 2001 as Deputy Commissioner of Police. During his 36 years in service, he had served the force well, with full commitments and professionalism. He had served in various positions in the Police Force, including Chief Police Officer (CPO) in the states of Terengganu (1997), Kedah (1997 - 1999), and Selangor (1999 - 2001). He was also the Deputy Director Special Branch in Bukit Aman from 1995 to 1997. After his retirement, Dato’ Nik Ismail was appointed as Director of several public listed companies and private limited companies. He currently sits on the Board as Independent and Non-Executive Chairman of AT Systematization Berhad, Green Ocean Corporation Berhad, AE Multi Holdings Berhad and PNE PCB Berhad. He does not have any conflict of interest with the Company and no conviction of any offence within the past five years, other than traffic offences (if any). There is no sanction or penalty imposed on him by relevant regulatory bodies. Dato’ Nik Ismail Bin Dato’ Nik Yusoff Malaysian, Age 75, Male Independent Non-Executive Director He does not have any family relationship with any other Director and/or any major shareholder of the Company
PENGERUSI PUN DAH 72++ JUGA MAU BANYAK ESOS UNTUK BERSARA :)
Mejar Dato’ Ismail Bin Ahmad, was appointed to the Board of the Company on 2 September 2020 as Independent Non-Executive Chairman. He is the Chairman of Remuneration Committee and also a member of Audit and Risk Management Committee. Mejar Dato’ Ismail holds several qualifications such as Degree in Master in Management, LLB Hons from University of Wolverhampton, United Kingdom, Master of Laws from University of London and Certificate in Legal Practice. He served in the Malaysian Army for 17 years and attended courses both local and overseas. In 1983, he joined Perwira Niaga Malaysia (Pernama), a whollyowned subsidiary of LTAT, a wholesale and international trading company. His last position in Pernama was Deputy General Manager before he left in 1999. He was the CEO of Odasaja Sdn. Bhd. in its formative year and later became the Group Executive Director of the same. He left Odasaja Sdn. Bhd. in December 2002. Since then he has been actively contributing his knowledge and experience to various companies involved in general trading, building and construction, including defence and security projects. Mejar Dato’ Ismail currently sits on the Board of Mlabs Systems Berhad as Non-Independent and Non-Executive Director. He does not have any conflict of interest with the Company and no conviction of any offence within the past five years, other than traffic offences (if any). There is no sanction or penalty imposed on him by relevant regulatory bodies. He does not have any family relationship with any other Director and/or any major shareholder of the Company. MEJAR DATO’ ISMAIL BIN AHMAD Malaysian, Age 72, Male Independent Non-Executive Chairman
Jumlah ESOS issued selepas PP to keluarga LKL = 1,787,366,524 syer tolak 1,388,866,524 syer = 398.5 juta syer esos
about 25% of the issued shares after PP to keluarga lim... SC dan Bursa perlu menyiasat... mungkin salahlaku oleh pengarah... adakah pengarah terlibat dalam money laundering??????????????? LHDN patut mengaudit semua pengarah dan pekerja yang mendapat dan membeli esos tersebut
0177 PASUKGB PASUKHAS GROUP BERHAD Additional Listing Announcement /Subdivision of Shares 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : ESOS Details of corporate proposal : PASUKHAS GROUP BERHAD ("Pasukhas" or "the Company") - EMPLOYEES SHARE OPTION SCHEME ("ESOS") No. of shares issued under this corporate proposal : 71,000,000 Issue price per share ($$) : 0.0182 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 1,787,366,524 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 217,338,254.900 Listing Date : 29/03/2022 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
28/03/2022 07:00 AM
0177 PASUKGB PASUKHAS GROUP BERHAD Additional Listing Announcement /Subdivision of Shares 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Private Placement Details of corporate proposal : PRIVATE PLACEMENT OF UP TO 20% OFTHE TOTAL NUMBER OF ISSUED SHARES OF PASUKHAS GROUP BERHAD No. of shares issued under this corporate proposal : 231,477,700 Issue price per share ($$) : 0.0191 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 1,388,866,524 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 244,525,516.900 Listing Date : 29/12/2021 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
pengarah2 gila syer pasukhas, telah menelan ~400juta syer dengan menggunakan esos pasukhas,,, selepas PP 20% kpd keluarga lim... 400juta syer ~ 25% daripada jumlah syer yang diterbitkan.
Satu tindakan yang merompak pemegang syer minoriti, SC dan Bursa patut menyiasat.. LHDN juga mesti mengaudit sumber kewangan pengarah, betapa banyak wang untuk membeli syer esos.
jika pengarah2 didapati menyalahgunakan kuasa untuk merompak pemegang syer minoriti dengan menggunakan esos, bursa dan SC mesti memberikan perintah untuk memulangkan wang bagi ~400juta syer esos balik kpd pengarah2. LHDN diarah untuk menyiasat sumber kewangan yang digunakan. SPRM juga boleh tolong..
bagi saya, kelihatan macam satu jenayah komersial untuk dilute pegangan syer minoriti dengan harga syer rendah. satu skandal korporat yang harus disiasat oleh pihak berkuasa
Tak sangka , Ada banyak penyamun, merompak dengan diluting pegangan syer minoriti dengan jualan syer dengan harga lelong kpd keluarga lkl Dan pengarah2 dengan harga lelong kini :)
Bagi pemegang2 syer minoriti Yang mengalami kerugian besar, anda boleh mendakwa pengarah2 Di mahkamah kerana membuat keputusan Yang membawa kerugian besar bagi anda
Another rubbish, can you cite any sample case of court case like you mention, ask all those delisted stock people, ask all those losing billions, yet the management getting millions in salary and bonus....
Meanwhile, IBN Corp Ltd recently stated that international buyers are still attracted to buying property in Malaysia, especially in Kuala Lumpur (KL), Genting Highlands and Sabah.
Director Megat Khalil Izzuddin Shah said Malaysia remains one of the most ideal countries for retirement due to its excellent weather and living environment, adding that international investors’ interest in property are mainly concentrated in the centre of KL and in tourism-related projects.
In addition, he said investors like the freehold options and the price in exchange for the quality of lifestyle compared to what they can get back in their home country such as China, Hong Kong, Singapore and Japan.
He added that some customers from Singapore are starting to come back to Malaysia to shop for properties, and eventually those from East Asia, as well as Europe and America will possibly return in the second half of this year.
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....
Good123
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Posted by Good123 > 2022-03-28 20:58 | Report Abuse
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