Posted by Good123 > 2020-09-25 17:16 | Report Abuse

agreed, more news to come ,not just sand project :) Pasukhas Group Bhd has signed a partnership agreement with BB Energy Sdn Bhd to extract river sand for the export market. BB Energy has been granted a concession and temporary occupational licence for Sungai Miang, Mukim Pekan, Pahang, by Pengurusan Pasir Pahang Bhd (PPPB). Under the agreement, Pasukhas will have the exclusive rights to access, extract, dredge, sell and distribute the river sand originating from Pekan, Pahang. The contract will last for a year, with the option to extend for another year — involving 200,000m³ of sand production per month. (The Edge)

Posted by Good123 > 2020-09-25 18:38 | Report Abuse

Subject: RIVER SAND EXTRACTION CUM MAIN OPERATOR AGREEMENT
BETWEEN PASUKHAS PRODUCTS SDN BHD ("PPSB") AND BB ENERGY SDN
BERHAD ("BBESB") ("AGREEMENT")
We refer to our Company’s announcement dated 22 September 2020, and Bursa
Securities request for additional information for public release dated 24 September
2020, in respect of the aforesaid matter.
Please find below reply for your immediate attention:
1) The manner in which PPSB will earn revenue from the Agreement, and
the rate thereof.
All the sales of river sand for export will be responsible by PPSB and the rate
is subject to Pengurusan Pasir Pahang Berhad (“PPPB”) recommended selling
price at RM41.60 per cubic meter (M3).
2) It is stated that the Business Activities include “export of river sand ... to
designated countries approved by the appropriate authorities”. To state
the designated countries and name the appropriate authorities.
The approved designated countries are Brunei, China, Taiwan, South Korea,
Vietnam, Hong Kong, India, Japan and Maldives
The appropriate authorities refer to The Royal Customs Department of
Malaysia for declaration of exporting goods outside of the country (Borang
Kastam 2 (K2) and/or Export Licenses (“Approved Permit (A.P.)”) which issued
by the Ministry of Water, Land and Natural Resources (“KATS”), now known as
Ministry of Energy and Natural Resources (“KeTSA).
Polo Specialists Trading Sdn Bhd (the A.P. Holder) have been appointed by
PPPB as the authorised Approved Permit (A.P.) Holder to be used by BBESB/
PPSB for all export of river sand under the terms of this Agreement.
3) The duration of the Concession / Temporary Occupational License
(“TOL”) granted by Pengurusan Pasir Pahang Berhad (“PPPB”) to
BBESB, including the commencement and cessation date.
The commencement date shall refer to the Temporary Occupational License
(“TOL”)/ Lesen Pendudukan Sementara (LPS) Bercantum Permit upon
payment and issued by Pejabat Daerah Dan Tanah Pekan. The TOL/ LPS is
valid for 12 months and PPPB will be responsible to renew the TOL/LPS before
its expiry.
The contractual term of the Concession awarded to BBESB by PPPB is for 12
months, with an option for extending a further 12 months terms which to be
commenced after the payment to PPPB.

Posted by Good123 > 2020-09-25 18:39 | Report Abuse

4) To name the permissions, consents, approvals, licenses, certificates and
permits required to be obtained by BBESB and PPSB in order to lawfully
commence and carry out the Business Activities as intended by the
parties in accordance with the Agreement.
PPPB will be responsible for all the permissions, consents, approvals, licenses,
certificates and permits required by BBESB and PPSB in order to lawfully
commence and carry out the Business Activities as intended by the parties.
5) Whether the Mining Operator (Sand) Agreement between PPPB and
BBESB will be novated to Pasukhas Group Berhad (“Pasukhas”) and/or
PPSB.
The Mining Operator (Sand) Agreement between PPPB and BBESB will not be
novated to Pasukhas Group Berhad (“Pasukhas”) and/or PPSB. The River
Sand Extraction Cum Main Operator Agreement between PPSB and BBESB
will be tied vis-à-vis to the Mining Operator (Sand) Agreement between PPPB
and BBESB.
6) It is stated that one of the Conditions Precedent is the “execution of a
valid and binding agreement with the holders of approved permits”. To
name the parties to such agreement.
The parties to such agreement shall be PPPB, BBESB and Polo Specialists
Trading Sdn Bhd
7) To clarify the party(ies) which will be exporting the sand pursuant to the
Agreement, and the countries to which the sand will be exported by each
party.
PPSB will be the party responsible to export the sand pursuant to the
Agreement to China and Hong Kong.
8) It is stated in the announcement that the Agreement shall remain in force
as long as the TOL. However, it is also stated in the press release that the
Agreement is for 12 months. To reconcile and clarify the tenure of the
Agreement.
Please refer to the reply under Question 3.
For added clarification, the Agreement shall remain in force as long as the TOL
Permit is valid to carry the Business Activities. If the Permit is not renew upon
expiry, PPSB will not be able to carry out the Business Activities lawfully even
though the Agreement is still in force. It is the responsibility of BBESB to apply
for the renewal of the TOL from PPPB in the Agreement between BBESB and
PPSB.
As the River Sand Extraction Cum Main Operator Agreement between PPSB
and BBESB is tied vis-à-vis to the Mining Operator (Sand) Agreement between
PPPB and BBESB, for 12 months and so long as the TOL is still valid.

Posted by Good123 > 2020-09-25 18:39 | Report Abuse

9) The estimated total capital and investment outlay required to be
committed by Pasukhas and/or PPSB, together with the source(s) of
funding and the breakdown thereof.
We have allocated RM3.5 million from our working capital to carry out the
Business Activities based on the estimated total capital and investment
required as follows:
A. Statutory
No Description Amount (RM)
1. Statutory payment to PPPB including
royalty and deposit
1,655,727.00
2. Concession Tribute and Preliminary to
BBESB
1,080,000.00
3. Approved Permit (A.P.) to Polo
Specialists Trading Sdn Bhd
960,000.00
Sub-total 3,695,727.00
Please note that the above investment is recoupable against sales and
payment to be made before export.
B. Operations
No Description Amount (RM)
1. Infrastructure and Site Office 500,000.00
2. 50% Prepayment to Sub-Contractors for
Mining and Dredging operations
(RM13.80 per cubic meter x 200,000 m3
= RM2,760,000.00)
1,080,000.00
3. Stevedoring, forwarding, shipping, POAC
and Certification (RM3.55 per cubic
meter x 200,000 m3)
710,000.00
Sub-total 2,290,000.00
The above project will be funded through internally generated funds and/or
bank borrowings. The breakdown of the source of funding will only be
determined later and will depend on, amongst others, Pasukhas’s and/or
PPSB’s cash reserves and future funding requirements.
10) Whether PPSB has the relevant expertise to carry out the Business
Activities. Otherwise, to clarify the steps / actions by Pasukhas and/or
PPSB to secure the relevant expertise prior to the commencement of the
Business Activities.
With an engineering team with 15 years of experience in land and river sand
mining, PPSB has the technological know-how to carry out the Business
Activities, as PPSB also involved in mining businesses. All mining and dredging
operations will be outsource to qualified sub-contractors.
This announcement is dated 25 September 2020.

Posted by Good123 > 2020-09-25 18:40 | Report Abuse

RIVER SAND EXTRACTION CUM MAIN OPERATOR AGREEMENT BETWEEN PASUKHAS PRODUCTS SDN BHD ("PPSB") AND BB ENERGY SDN BERHAD ("BBESB") ("AGREEMENT")

PASUKHAS GROUP BERHAD
TypeReply to QueryReply to Bursa Malaysia's Query Letter - Reference IDIQL-24092020-00004SubjectRIVER SAND EXTRACTION CUM MAIN OPERATOR AGREEMENT BETWEEN PASUKHAS PRODUCTS SDN BHD ("PPSB") AND BB ENERGY SDN BERHAD ("BBESB") ("AGREEMENT")DescriptionPASUKHAS GROUP BERHAD ("PASUKHAS" or "the Company") ADDITIONAL INFORMATION ON THE FOLLOWING:- 1. RIVER SAND EXTRACTION CUM MAIN OPERATOR AGREEMENT BETWEEN PASUKHAS PRODUCTS SDN BHD AND BB ENERGY SDN BERHAD 2. PRESS RELEASE TITLED "PASUKHAS TO EXPORT RIVER SAND TO CHINA AND HONG KONG"Query Letter Contents

We refer to your Company’s announcement dated 22 September 2020, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) The manner in which PPSB will earn revenue from the Agreement, and the rate thereof.
2) It is stated that the Business Activities include “export of river sand … to designated countries approved by the appropriate authorities”. To state the designated countries and name the appropriate authorities. 
3) The duration of the Concession / Temporary Occupational License (“TOL”) granted by Pengurusan Pasir Pahang Berhad (“PPPB”) to BBESB, including the commencement and cessation date.
4) To name the permissions, consents, approvals, licenses, certificates and permits required to be obtained by BBESB and PPSB in order to lawfully commence and carry out the Business Activities as intended by the parties in accordance with the Agreement.
5) Whether the Mining Operator (Sand) Agreement between PPPB and BBESB will be novated to Pasukhas Group Berhad (“Pasukhas”) and/or PPSB.

6) It is stated that one of the Conditions Precedent is the “execution of a valid and binding agreement with the holders of approved permits”. To name the parties to such agreement.
7) To clarify the party(ies) which will be exporting the sand pursuant to the Agreement, and the countries to which the sand will be exported by each party.
8) It is stated in the announcement that the Agreement shall remain in force as long as the TOL. However, it is also stated in the press release that the Agreement is for 12 months. To reconcile and clarify the tenure of the Agreement.
9) The estimated total capital and investment outlay required to be committed by Pasukhas and/or PPSB, together with the source(s) of funding and the breakdown thereof.
10) Whether PPSB has the relevant expertise to carry out the Business Activities.  Otherwise, to clarify the steps / actions by Pasukhas and/or PPSB to secure the relevant expertise prior to the commencement of the Business Activities.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully,
Listing 
Regulation

Cc : Market Surveillance Dept. , Securities Commission (via fax)

Please refer to the attachment.

Posted by Good123 > 2020-09-25 18:41 | Report Abuse

baguslah, Dah reply SC. projek adalah real :)

Posted by FutureGains > 2020-09-25 18:53 | Report Abuse

rm41x200k cubic.. Rm8.4m per month revenue!

Posted by Good123 > 2020-09-25 19:17 | Report Abuse

at 7.5sen, downside risk is low. it reached 19sen this month also. private placement at 10sen done.expecting more n more projects to be announced.

Posted by Good123 > 2020-09-25 19:19 | Report Abuse

net assets per share 8sen, the price paid by the new major Shareholder should be at least 12sen like oversea was offered 30sen with net assets per share at 20sen.

Posted by Good123 > 2020-09-25 19:20 | Report Abuse

private placement was successfully done. more to come particularly new projects, etc hopefully

Posted by Good123 > 2020-09-25 19:52 | Report Abuse

interesting :) Change in Boardroom

PASUKHAS GROUP BERHAD
Date of change11 Sep 2020NameMR TANG BOON KOONAge50GenderMaleNationalityMalaysiaDesignationExecutive DirectorDirectorateExecutiveType of changeAppointment

Qualifications

No

Qualifications

Major/Field of Study

Institute/University

Additional Information

1

Degree

Commonwealth Executive Master of Business Administration (CeMBA)

Wawasan Open University

2

Diploma

Electronics and Electrical Engineering

Federal College of Technology


Working experience and occupationMr. Tang Boon Koon has more than 28 years of working experience in the Information, Communication

Posted by Good123 > 2020-09-25 20:21 | Report Abuse

MEMORANDUM OF UNDERSTANDING Pasukhas Group Berhad ("PGB" or "the Company") - Updates on Memorandum of Understanding between Pasukhas Energy Sdn. Bhd., a wholly-owned subsidiary of PGB, and IR Hariyanto.

PASUKHAS GROUP BERHAD
TypeAnnouncementSubjectMEMORANDUM OF UNDERSTANDING
DescriptionPasukhas Group Berhad ("PGB" or "the Company") - Updates on Memorandum of Understanding between Pasukhas Energy Sdn. Bhd., a wholly-owned subsidiary of PGB, and IR Hariyanto.

Further to the Company's announcements made on 11 July 2017, 28 August 2017, 23 November 2017, 22 February 2018, 28 May 2018, 23 August 2018, 26 November 2018, 28 February 2019, 28 May 2019, 22 August 2019, 25 November 2019, 25 February 2020 and 30 June 2020 pertaining to the Memorandum of Understanding ("MOU") made between its wholly-owned subsidiary, Pasukhas Energy Sdn. Bhd. ("PESB") with IR Hariyanto ("the Vendor") for the proposed acquisition of 61% equity interest in the share capital of PT Indomuda Satria Internusa ("PT Indomuda") from the Vendor ("the Proposed Acquisition"), the Board of Directors of the Company wishes to announce that there is no material development on the status of the MOU as announced previously.

 

The announcement is dated 27 August 2020.





Announcement Info

Company NamePASUKHAS GROUP BERHADStock NamePASUKGBDate Announced27 Aug 2020CategoryGeneral Announcement for PLCReference NumberGA1-24082020-00140

Posted by Good123 > 2020-09-25 20:23 | Report Abuse

MEMORANDUM OF UNDERSTANDING PASUKHAS GROUP BERHAD ("PGB" OR "THE COMPANY") - UPDATES ON MEMORANDUM OF UNDERSTANDING BETWEEN PASUKHAS ENERGY SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF PGB, AND PT. CHD POWER PLANT OPERATION INDONESIA.

PASUKHAS GROUP BERHAD
TypeAnnouncementSubjectMEMORANDUM OF UNDERSTANDING
DescriptionPASUKHAS GROUP BERHAD ("PGB" OR "THE COMPANY") - UPDATES ON MEMORANDUM OF UNDERSTANDING BETWEEN PASUKHAS ENERGY SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF PGB, AND PT. CHD POWER PLANT OPERATION INDONESIA.

Further to the Company's announcements made on 31 May 2017, 28 August 2017, 23 November 2017, 22 February 2018, 28 May 2018, 23 August 2018, 26 November 2018, 28 February 2019, 28 May 2019, 22 August 2019, 25 November 2019 and 25 February 2020 pertaining to the Memorandum of Understanding ("MOU") made between its wholly-owned subsidiary, Pasukhas Energy Sdn. Bhd. ("PESB") with PT. CHD Power Plant Operation Indonesia for the purpose of establishing the basis for further discussions between the Parties in exploring the feasibility of entering into a joint venture to undertake the development/explore potential business opportunities in power generation project(s) in Indonesian market ("Potential Projects"), the Board of Directors of the Company wishes to further announce that the MOU had lapsed and there would be no further update on the matter.

 

The announcement is dated 27 February 2020.

Posted by Good123 > 2020-09-25 20:24 | Report Abuse

look promising, many projects to be confirmed

Posted by limitupupup > 2020-09-25 21:22 | Report Abuse

thanks for the pump and dump, i gotta earn and follow shark, dump means buy hohoho

Posted by Good123 > 2020-09-26 07:24 | Report Abuse

I think more projects and joint ventures or acquisitions will be announced as a Hongkong company had become a new major shareholder :). pasukhas also involved in mining in Indonesia. KUALA LUMPUR: Pasukhas Group Bhd has proposed to diversify its business to include property development and coal trading.

Its executive director cum chief executive officer Wan Thean Hoe said the diversification is within the group’s expansion plans, which is to diversify into new viable businesses to enhance its income stream.

“We believe that we will be able to leverage on our expertise in civil engineering and construction in our venture into property development, which would in turn create a synergistic effect to Pasukhas’ existing business in the civil engineering and construction segments,” he said in a statement yesterday.

Similar with the expansion into the coal business, Wan said this venture would unlock new opportunities for the group “in its existing utilities and power generation business”.

“Ultimately, we expect that both these diversified businesses will enhance our net profits and generate long-term income for the group,” he added.

The group will seek approval from its shareholders at an extraordinary general meeting.

Pasukhas, via its wholly-owned subsidiary Pasukhas Development Sdn Bhd with joint developers Pasukhas Properties Sdn Bhd and Midtown Pearl Sdn Bhd, will be undertaking the development of Lushwoods Towers and Residences here, upon approval from the Kuala Lumpur City Hall.

The proposed project will have an estimated gross development value of RM438.9 million, which is expected to contribute 25% or more of the group’s net profit and/or net assets.

Pasukhas recently announced that its wholly-owned subsidiary Pasukhas Products Sdn Bhd had ventured into the coal business segment to supply three vessels with steam coal at RM60.4 million, out of the anchorage point of South Kalimantan, Indonesia.

Posted by Good123 > 2020-09-26 07:27 | Report Abuse

I guess no issue to fund all projects with a hongkong company as a new major shareholder. Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

PASUKHAS GROUP BERHAD

Particulars of Substantial Securities Holder

NameACE SOLUTION INVESTMENTS LTDAddressFlat B 29/F, Phase 2,
56 Conduit Road, Mid-Level,
Hong Kong.Company No.1678746Nationality/Country of incorporationVirgin Islands, BritishDescriptions (Class)Ordinary SharesName of registered holderACE SOLUTION INVESTMENTS LTDAddress of registered holderFlat B 29/F, Phase 2, 56 Conduit Road, Mid-Level, Hong Kong

Date interest acquired

Posted by Good123 > 2020-09-26 08:20 | Report Abuse

goodlah real money pumped into the company. NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PASUKHAS GROUP BEHAD ("PASUKHAS" OR THE "COMPANY") PRIVATE PLACEMENT

PASUKHAS GROUP BERHAD
TypeAnnouncementSubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISINGDescriptionPASUKHAS GROUP BEHAD ("PASUKHAS" OR THE "COMPANY") PRIVATE PLACEMENT

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 8 September 2020 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the earlier announcements in relation to the Private Placement dated 8 September 2020 and 11 September 2020.

 

On behalf of the Board, Mercury Securities wishes to announce that the Board has on to-date ("Price-fixing Date") fixed the issue price for the placement of 81,441,000 Placement Shares at RM0.1003 per Placement Share ("Issue Price").

 

The Issue Price represents a discount of 9.96% to the 5-day VWAP of the Shares up to and including 11 September 2020 of RM0.1114, being the last market day immediately preceding the Price-fixing Date.

 

This announcement is dated 14 September 2020.

Posted by BILLC > 2020-09-26 16:45 |

Post removed.Why?

Posted by PM Sim > 2020-09-27 11:01 | Report Abuse

Wow so many announcement at 1 go..back then till now Sanichi also a lot to announce..I am still waiting for the price to shoot up..minimise losses.

Posted by TIBORZABAN > 2020-09-27 17:04 | Report Abuse

BILLC...adoii...wa..also.kena..ptk...ada..pening.....2

Posted by Good123 > 2020-09-27 20:11 | Report Abuse

the new substantial Shareholder, a Hongkong company could pump in more money as china is recovering fast. Economy 13:17, 27-Sep-2020

China's industrial profits up 19.1% in Aug. thanks to virus control and policy support

CGTN



Profits of China's major industrial companies climbed 19.1 percent year on year to 612.8 billion yuan (about 90 billion U.S. dollars) in August, narrowing 0.5 percentage points from July and showing a steady recovery of business activities, according to the National Bureau of Statistics (NBS).

The production and operation of enterprises has improved, and the supply and demand have gradually returned to normal as achievement has been made in coronavirus prevention and control, and good results have seen in the country's recent policy to stabilize the economy, said NBS senior statistician Zhu Hong.

A slew of tax cuts and fee reductions and other policies are effective, so the costs for enterprises continued to decline, and their profitability has improved, said Zhu. In August, the loss of enterprises in the red dropped 37 percent year on year.

In the first eight months of the year, the profits of major industrial firms declined 4.4 percent to 3.72 trillion yuan, narrowing 3.7 percentage points from the January-July period.

Profits of state-controlled industrial companies fell 17 percent from one year earlier to 950.9 billion yuan, while those of private ones dropped 3.3 percent year on year to 1.07 trillion yuan.

Profits of the mining industry plunged 38.1 percent during the January-August period, and that of the manufacturing industry fell 1 percent, said the NBS.

Major industrial companies refer to those with an annual business turnover of at least 20 million yuan.

Posted by Good123 > 2020-09-28 07:37 | Report Abuse

its share price should recover as it had replied to SC, sand mining project is confirmed. Pasukhas Group Bhd was also among the top decliners, as its shares sank 29% over the week to close at 7.5 sen apiece, despite announcing a partnership with BB Energy Sdn Bhd to extract river sand for the export market.

BB Energy, it said, had secured a concession and temporary occupational licence for Sungai Miang, Mukim Pekan, Pahang, from Pengurusan Pasir Pahang Bhd. Under the agreement, Pasukhas' wholly-owned subsidiary Pasukhas Products Sdn Bhd will get the exclusive rights to access, extract, dredge, sell and distribute river sand from Pekan for a year, with the option to extend for another year.

Posted by Good123 > 2020-09-28 07:42 | Report Abuse

the hongkong company, the new substantial Shareholder should have exit strategy after making the company profitable. probably 20-30sen at least, before selling to other group of companies :)

Posted by Good123 > 2020-09-28 07:58 | Report Abuse

with a hongkong company as a substantial shareholder, funding should be no issue :)  0177    PASUKGB    PASUKHAS GROUP BERHADAdditional Listing Announcement /Subdivision of Shares (Amended)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 TEN PER CENTUM (10%)
OF THE TOTAL NUMBER OF ISSUED SHARES OF PASUKHAS GROUP BERHAD
No. of shares issued under this corporate proposal : 81,441,000
Issue price per share ($$) : 0.1003
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 895,857,732
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 98,090,715.780
Listing Date : 18/09/2020
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

17/09/2020   07:00 AM

Ref Code: 202009173000130

Posted by Good123 > 2020-09-28 08:42 | Report Abuse

with a hongkong company as a new substantial Shareholder, sand mining project confirmed, private placement done with ease, more to come :)

Posted by Good123 > 2020-09-28 08:52 | Report Abuse

surely the plan is at least medium term when a hongkong company invested.

Posted by Good123 > 2020-09-28 08:53 | Report Abuse

hydro power project in Kelantan, mining in Indonesia, low cost housing project or even high-end residential property development, no problems with cash rich investors

Posted by Good123 > 2020-09-28 08:54 | Report Abuse

mining project in Indonesia can be expanded. another Mou with Indonesian company is pending

Posted by Good123 > 2020-09-28 08:54 | Report Abuse

believe more n more good news will be released

Posted by Good123 > 2020-09-28 09:39 | Report Abuse

mak, a director of saudee, also a director of pasukhas. saudee is rising, probably follow by pasukhas Also

Posted by Good123 > 2020-09-28 10:26 | Report Abuse

saudee nav 20sen, current price 40sen , pasukhas nav 8sen, current price should be at least 16sen? for those people who link mak to saudee and pasukhas :)

Posted by enrday > 2020-09-28 15:29 | Report Abuse

when can go 20c

Posted by azzet > 2020-09-28 15:53 | Report Abuse

enrday u got cheated lor by all this scammer lol...hahaha

Posted by Good123 > 2020-09-28 17:42 | Report Abuse

let cash poor/weak traders left, second wave will arrive probably.

Posted by Good123 > 2020-09-28 17:43 | Report Abuse

the new hongkong company, new substantial Shareholder should be c
ash rich and china is booming. Economy 13:27, 28-Sep-2020

Global investors are stepping up their bets on China

CGTN



A view of Luijiazui, financial zone in Shanghai. /CFP

Global investors are increasing their stakes in Asia, particularly in China, despite the COVID-19 pandemic and geopolitical tensions still haunting the region. 

Edinburgh-based investment partnership Baillie Gifford announced it is increasing investments in China with the expansion of its presence in Shanghai, where it holds its first overseas office with the ability to conduct local research, CNBC reported. 

"We believe that China's business model, innovation, has great strength, and will attract global development, so we think the Chinese market is a great opportunity," the company's head of China Amy Wang told CNBC. 

Wang said Baillie Gifford plans to tap more Chinese investors through onshore funds, adding that the government, banks and credit institutions in China are already clients, and the firm is in talks with insurers to become investors as well.

According to CNBC, the firm has about 55 billion U.S. dollars, or about 17 percent of assets under management, invested in more than 100 Chinese companies. The firm also participated in a Series C investment round for Chongqing Jiangxiaobai Liquor led by China Renaissance. 

China was already seeing major global investors like Baillie Gifford engaging before the pandemic, thanks to its continuous efforts to further reform and open up its market. 

As a country leading in the track of recovery amid the COVID-19 attacks worldwide, China is predicted by many to see a relatively optimistic economic outlook. 

The latest data shows that foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 18.7 percent year on year to 84.13 billion yuan (about 12.3 billion U.S. dollars) in August, marking the fifth consecutive month for the country to witness positive growth in FDI.

Posted by Good123 > 2020-09-28 17:46 | Report Abuse

on September 2, pasukhas surged from 11.5sen to 19sen, if good news arise later, it could jump even higher probably

Posted by Good123 > 2020-09-28 19:14 | Report Abuse

hopefully no forced selling during the past few days

Posted by Good123 > 2020-09-29 09:21 | Report Abuse

good for those accumulating before sudden surge later probably

Posted by Good123 > 2020-09-29 09:27 | Report Abuse

so early, 1.4mil shares traded :)

Posted by Good123 > 2020-09-29 09:33 | Report Abuse

new chairman with ltat background?www.theedgemarkets.com › article

Web results

Pasukhas to diversify into property development, coal trading | The Edge ...

3 Apr 2018 · Pasukhas to diversify into property development, coal trading ... The proposed project will have an estimated gross development value of  ...

www.edgeprop.my › content › pasu...

Pasukhas to diversify into property development, coal trading | EdgeProp ...

3 Apr 2018 · Pasukhas to diversify into property development, coal trading ... Thean Hoe said the diversification is within the group's expansion plans,  ...

www.thestar.com.my › 2017/06/09

Pasukhas joins forces with veterans foundation in KL property project | The ...

9 Jun 2017 · KUALA LUMPUR: Pasukhas Group Bhd is venturing into property development by teaming up with the Malaysian Armed Forces ...

Posted by Good123 > 2020-09-29 09:36 | Report Abuse

PROPOSED PRIVATE PLACEMENT 1 ... - pasukhas group berhad

10 Aug 2020 · CREC Sdn Bhd. The project is a long-term development of over 20 years which is expected to start in 2020 and spur the property market ...

www.pasukhasgroup.com › d...PDF

pasukhas group berhad circular to shareholders in relation to the

9 Apr 2018 · Pasukhas Properties Sdn Bhd ( formerly known as Majujaya ... Properties and MPSB in carrying out the Development Project and to set ...

www.pasukhasgroup.com › d...PDF

Driving Growth, Creating Value - pasukhas group berhad

29 Apr 2019 · Construction Services projects and moving forward the Group shall ... The Group had also diversified into Property Development and ...

Posted by Good123 > 2020-09-29 09:38 | Report Abuse

the hongkong company, a new substantial shareholder bought pasukhas to make money, more to come

Posted by Good123 > 2020-09-29 10:36 | Report Abuse

5mil shares traded. still able to generate interest :)

Posted by Good123 > 2020-09-29 10:38 | Report Abuse

the hongkong company should sapu more shares from the open market the investors who had taken the private placement at 10sen recently

Posted by Good123 > 2020-09-29 10:46 | Report Abuse

should jadi, with a cash rich hongkong company on board already MEMORANDUM OF UNDERSTANDING Pasukhas Group Berhad ("PGB" or "the Company") - Updates on Memorandum of Understanding between Pasukhas Energy Sdn. Bhd., a wholly-owned subsidiary of PGB, and IR Hariyanto.

PASUKHAS GROUP BERHAD
TypeAnnouncementSubjectMEMORANDUM OF UNDERSTANDING
DescriptionPasukhas Group Berhad ("PGB" or "the Company") - Updates on Memorandum of Understanding between Pasukhas Energy Sdn. Bhd., a wholly-owned subsidiary of PGB, and IR Hariyanto.

Further to the Company's announcements made on 11 July 2017, 28 August 2017, 23 November 2017, 22 February 2018, 28 May 2018, 23 August 2018, 26 November 2018, 28 February 2019, 28 May 2019, 22 August 2019, 25 November 2019, 25 February 2020 and 30 June 2020 pertaining to the Memorandum of Understanding ("MOU") made between its wholly-owned subsidiary, Pasukhas Energy Sdn. Bhd. ("PESB") with IR Hariyanto ("the Vendor") for the proposed acquisition of 61% equity interest in the share capital of PT Indomuda Satria Internusa ("PT Indomuda") from the Vendor ("the Proposed Acquisition"), the Board of Directors of the Company wishes to announce that there is no material development on the status of the MOU as announced previously.

 

The announcement is dated 27 August 2020.

MEMORANDUM OF UNDERSTANDING Pasukhas Group Berhad ("PGB" or "the Company") - Updates on Memorandum of Understanding between Pasukhas Energy Sdn. Bhd., a wholly-owned subsidiary of PGB, and IR Hariyanto.
PASUKHAS GROUP BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description Pasukhas Group Berhad ("PGB" or "the Company")
- Updates on Memorandum of Understanding between Pasukhas Energy Sdn. Bhd., a wholly-owned subsidiary of PGB, and IR Hariyanto.
Further to the Company's announcements made on 11 July 2017, 28 August 2017, 23 November 2017, 22 February 2018, 28 May 2018, 23 August 2018, 26 November 2018, 28 February 2019, 28 May 2019, 22 August 2019, 25 November 2019, 25 February 2020 and 30 June 2020 pertaining to the Memorandum of Understanding ("MOU") made between its wholly-owned subsidiary, Pasukhas Energy Sdn. Bhd. ("PESB") with IR Hariyanto ("the Vendor") for the proposed acquisition of 61% equity interest in the share capital of PT Indomuda Satria Internusa ("PT Indomuda") from the Vendor ("the Proposed Acquisition"), the Board of Directors of the Company wishes to announce that there is no material development on the status of the MOU as announced previously.



The announcement is dated 27 August 2020.

Posted by Good123 > 2020-09-29 11:05 | Report Abuse

rescued by the hongkong company as its white Knight. private placement 10% sapu bersih :)

Posted by Good123 > 2020-09-29 11:06 | Report Abuse

takda Wang punya ISU. semua projek Akan dilaksanakan, dll . tunggu Dan lihat :)

Posted by Good123 > 2020-09-29 16:06 | Report Abuse

~30mil shares traded :)

Posted by Good123 > 2020-09-29 16:07 | Report Abuse

invisible hand continues to buy? :)