Posted by Orlando > 2020-12-07 21:19 | Report Abuse

By now Nur shd b controlling a big % of KANGER

Posted by Orlando > 2020-12-07 21:20 | Report Abuse

A penny for ur tot

Posted by see2sea > 2020-12-07 21:25 | Report Abuse

Kanger is bamboo business..very simple..UMNO win, Kanger fly

Posted by Orlando > 2020-12-07 21:26 | Report Abuse

A penny for ur tot ularsawa

Posted by UlarSawa > 2020-12-07 21:32 | Report Abuse

orlando. the answer is at here. correct?


Posted by Noobie123 > Dec 7, 2020 8:10 PM | Report Abuse

Ular, Founder of Kanger is the MD himself, a China national, based in China, JV with Chinese local Government...workers also got ESOS...they are serious businessmen. You think got hanky panky or not?

Posted by Noobie123 > 2020-12-07 21:41 | Report Abuse

Ular, wrong. hehehehehe

Posted by Cedric Chan CA > 2020-12-07 21:45 | Report Abuse

If we look at PMETAL, then it's no reason to ignore PA Resources Bhd. They both have similar business, Aluminium billets and tolling. It will soon likes gloves, demand exceed supply, then the asp will continue go up every month. Their main customer First Solar is a very big solar company in USA, its PA client. From our sources we believe that they will renew this contract soon, and with even bigger amount, because BIDEN win the USA election. PA is on a strong recovery trend in technical and fundamental and global Aluminium price and demand is keep increasing and high demand this year. PA doing share consolidate, which we can see VIVOCOM and many other case after split price will goreng and limit up to sky very soon. First solar is their client, which is going to benefit them even more in future after Biden in president place. PA price is just waking up, it will continue go up until share consolidate done, and go even higher. Stay tune!

Posted by UlarSawa > 2020-12-07 21:48 | Report Abuse

why wrong? Perception is correct?


Posted by Noobie123 > Dec 7, 2020 9:41 PM | Report Abuse

Ular, wrong. hehehehehe

Posted by NPRA1985 > 2020-12-07 21:48 | Report Abuse

Hmm so whats the correct answer regarding PP. Is it complete or not? There are conflicting answers in this forum...

Posted by UlarSawa > 2020-12-07 21:49 | Report Abuse

PP not completed yet. wait next announcement listing of new PP shares with the actual qty. correct?

Posted by assell > 2020-12-07 21:51 | Report Abuse

@noEmo so this is the last PP, pls confirm

Posted by huatkopi88 > 2020-12-07 21:55 | Report Abuse

Never ending PP tranche. After PP completion, share float ballooned so big will be difficult to climb up unless syndicate wallop and hold. Else 1-2 sen gain follow by dumping

Posted by UlarSawa > 2020-12-07 22:00 | Report Abuse

anyone is free to call the company to clarify the actual meaning of 3rd tranche. why left out the actual PP qty to be issued. mislead shareholders? correct?

Posted by UlarSawa > 2020-12-07 22:01 |

Post removed.Why?

Posted by UlarSawa > 2020-12-07 22:03 | Report Abuse

Assuming all the outstanding RCN are converted and 90,000,000 Share Options are exercised prior to the implementation of the Proposed Private Placement, the Company's enlarged number of issued Shares will be 1,934,853,420 Kanger Shares. As such, a total of up to 386,970,684 new Kanger Shares ("Placement Share(s)"), representing 20% of the enlarged number of issued shares of Kanger, may be issued pursuant to the Proposed Private Placement. The actual number of Placement Shares to be issued pursuant to the Proposed

First 2 tranches 380mil completed the 20% of the PP shares. so the 3rd tranche cannot be 70mil. I suspect it is a new 20% of new PP shares of 2255mil x 20% = 450mil new PP shares. correct?

Posted by NPRA1985 > 2020-12-07 22:13 | Report Abuse

@UlarSawa It is stated here "Reference is made to the announcements dated 13 October 2020, 21 October 2020, 9 November 2020, 10 November 2020, 17 November 2020, 18 November 2020, 20 November 2020, 24 November 2020, 25 November 2020 and 26 November 2020 in relation to the Private Placement."

https://www.klsescreener.com/v2/announcements/view/3273997

Posted by Jjysq123 > 2020-12-07 22:14 | Report Abuse

Can some expert please clarify above question. is the 3rd tranches ended or is there any new private placement?

Posted by UlarSawa > 2020-12-07 22:29 |

Post removed.Why?

Posted by NPRA1985 > 2020-12-07 22:49 | Report Abuse

@UlarSawa If you notice Kangers Bursa Announcements, first they will announce the fixed issue price for that particular tranche first (See example of announcement for issue price fixed for 2nd tranche below) followed by announcement of the number of private placement shares issued for 2nd tranche which they did announce subsequently. So they should be announcing the number of private placement shares issued for 3rd tranche anytime soon.

https://www.klsescreener.com/v2/announcements/view/3263299

Posted by UlarSawa > 2020-12-07 22:50 | Report Abuse

now 380mil issued so far. left few million only if based on the 1st announcement max 386mil shares. 6 mil also want to raise fund kah. why not added into 2nd tranche? correct?

Posted by UlarSawa > 2020-12-07 22:52 | Report Abuse

easier and faster call the company person in charge else look for the ED lah. guessing is not the answer lah. correct?

Posted by NPRA1985 > 2020-12-07 22:52 | Report Abuse

@UlarSawa It is normal practice to spread the issuance of private placement shares over several tranches.

Posted by mikho69 > 2020-12-07 22:53 | Report Abuse

i'm also confused with this kanger pp..20% done..24th nov announcement 1st tranche 183,237,544 listed..26th nov 2nd tranche 195,973,879 listed..3rd tranche announced? how many left? i tot 20% aldy done..super confused..any enlightenment?

Posted by UlarSawa > 2020-12-07 22:57 | Report Abuse

MOH staff. dont ask me. Ask the company person in charge. I also found abit funny only. time to rest liao. tomorrow come again. Up or down? bye bye. ok.

Posted by mikho69 > 2020-12-07 22:58 | Report Abuse

i agreed w @ularsawa..left few mil also pp ah? haiz..gonna wait for 3rd tranche announcements

Posted by x3sphere > 2020-12-07 23:03 | Report Abuse

supposedly left around 7 millions shares but as they converted the RCN so 3rd and final tranche will be around 10 millions shares left.

Posted by Goldencoins > 2020-12-07 23:09 | Report Abuse

when will there be good news about vaccine from sinopharm again? very disappointed have to sell.

Posted by mikho69 > 2020-12-07 23:12 | Report Abuse

thanks very much @x3sphere..i got it now

Posted by CCL2020 > 2020-12-07 23:16 | Report Abuse

max pp 386m. 1st tranche 195m. 2nd tranche 183m. So 3rd tranche max 8m.
PP should be done.

Posted by x3sphere > 2020-12-07 23:20 | Report Abuse

you forgot the subdivision of shares announcement for RCN

Posted by NPRA1985 > 2020-12-07 23:22 | Report Abuse

@mikho69 @UlarSawa After digging up all the bursa announcements, the answer is as follows : Total number of shares to be issued for PP is 386,970,684 (Please refer to the link below). Hence, after deducting the no. of PP shares issued for 1st tranche ie. 183,237,544 and no. of PP shares issued for 2nd tranche ie. 195,973,879, the remaining balance should be only 7,759,261 shares left.

However, if we take into account what @x3shphere mentioned above regarding the conversion of redeemable convertible notes (RCN) ie 3,703,703 shares, then total remaining would be 7,759,261 PP + 3,703,703 RCN = 11,462,964 remaining shares (Disclaimer : I have no idea what RCN is and whether it should be added to the number of remaining private placement shares. Perhaps some expert here can enlighten us on this matter)

Kanger should be making the announcement soon regarding the number of shares issued for the 3rd tranche which would be the final tranche and private placement would be complete.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3103957

Posted by NPRA1985 > 2020-12-07 23:32 | Report Abuse

@NoEmo Correct, the link as i have shared above...

Posted by CCL2020 > 2020-12-07 23:34 | Report Abuse

The 12.5m RCN has a conversion price of 40sen

Posted by CCL2020 > 2020-12-07 23:37 | Report Abuse

The pp 386m assumes the conversion of the RCN which I doubt it had happened. So the 3rd tranche should be around 6m.

Posted by NoEmo > 2020-12-07 23:41 | Report Abuse

the company should comply with the numbers that bursa approved. Can ignore the rest.

Posted by my2020 > 2020-12-07 23:57 | Report Abuse

thanks NPRA :)

Posted by 2323 > 2020-12-07 23:57 | Report Abuse

Reference is made to Kanger’s announcement on 29 September 2020 (ref no. GA1-29092020-00043) whereby the Group had entered into a three-year collaboration agreement with Sinopharm Group Hunan Changde Medical Co Ltd for the distribution of Covid-19 vaccines and medical equipment in Malaysia which are developed by China National Pharmaceutical Group Corporation (“Sinopharm”).
 
The Board of Directors of Kanger is pleased to announce that National Institutes of Biotechnology Malaysia (“NIBM”), an agency under the Ministry of Science, Technology and Innovation Malaysia has issued a letter which states that NIBM has no objections for Kanger to communicate with the relevant stakeholders at Sinopharm to purchase Covid-19 vaccines for private sector use in Malaysia.   
 
Please refer to the full announcement as attached.

Posted by NPRA1985 > 2020-12-08 00:05 | Report Abuse

@My2020 Wlc..

Posted by NPRA1985 > 2020-12-08 00:12 | Report Abuse

@CCL2020 It is mentioned in this bursa announcement here regarding conversion of Redeemable Convertible Notes

https://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=3106655

Posted by NPRA1985 > 2020-12-08 00:38 | Report Abuse

https://www.theedgemarkets.com/article/two-more-firms-join-vaccine-distribution-club

Posted by David Coperfield > 2020-12-08 00:57 | Report Abuse

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=109201&name=EA_GA_ATTACHMENTS&fbclid=IwAR2DV6nz1s4K2UtI2aX6YvMEvqL1KzvPQW6zUvRPFbcHqs563bOfFUt8uBE

Posted by Noobie123 > 2020-12-08 07:23 | Report Abuse

Switzerland also complaining no data from Pfizer, Moderna and Astrazeneca

https://www.swissinfo.ch/eng/society/incomplete-data-stalls-swiss-authorisation-of-covid-19-vaccines/46196598

Posted by NoEmo > 2020-12-08 07:57 | Report Abuse

DEWAN RAKYAT's decision on securing vaccine from PFIZER and Covax only may be good for Kanger whose supplier, SinoPharm, is a public concern of the government of China, a member of covax. Hence, clinical test results of Sinopharm will be accepted by our health ministry and no further clinical test in Malaysia is required. Other local vaccine related companies must get approval from the ministry of health for conducting clinical test of vaccine in Malaysia.

Posted by eyeHunter > 2020-12-08 08:02 | Report Abuse

Of all stocks, why delved into such a problem stock like Kanger. Shouldn't put a Sen in this stock.

Posted by NoEmo > 2020-12-08 08:09 | Report Abuse

eyehunter, good advice. Lets waste no more valuable time on kanger and start focusing on other potential star performers instead with our limited research hours.

Posted by NPRA1985 > 2020-12-08 08:13 | Report Abuse

@NoEmo Actually, it Is not a requirement to conduct local clinical trials of vaccines in Malaysia in order to obtain approval from NPRA, MOH. Approval will be based on assessment of the data from preclinical, phase I, phase II and phase III clinical trials conducted by the manufacturer anywhere in the world.

Posted by Orlando > 2020-12-08 08:15 | Report Abuse

Leaving whn KANGERs time is around d corner??

All d waiting thus far go to waste?

Posted by NoEmo > 2020-12-08 08:17 | Report Abuse

Eyehunter, we shouldn't spend even a second on this stock to get more negative qi that may jeopardize our quest for better ROI. Lets leave this forum together for good.
........................................................................


Of all stocks, why delved into such a problem stock like Kanger. Shouldn't put a Sen in this stock.

Posted by Orlando > 2020-12-08 08:17 | Report Abuse

It is too many news too many postings here tat has made u anxious impatient like it has bin years waiting for SINOPHARM vaccine whereas SINOPHARM is actually ahead of many others

Posted by Orlando > 2020-12-08 08:19 | Report Abuse

Ok bye bye