Posted by BilisMasin > 2021-09-07 07:13 | Report Abuse

Airbnb worth 1 trillion
Biotech worth 100 trillion

Kahkahkahkah

Suwei 4444

Posted by whistlebower99 > 2021-09-07 11:40 | Report Abuse

MZM MIA again ?

Trading Rights (OR) = 01 Sep 2021 - 7 Sep 2021

Acceptance and Payment = 15 Sep 2021 05:00 PM
Date for announcement of final subscription result 23 Sep 2021

Listing Date = 30 Sep 2021

=====================================

Today last trading day for OR.

It becomes toilet paper if not use to subscribe for RI after 15/9

Posted by MZM2511 > 2021-09-07 11:55 | Report Abuse

wistlebower99. I'm still kicking. Waiting to subscribe the RI. Still hoping at least the price will touch 6-6.5 sen in incoming days before 15/9.

Posted by RelaxBro > 2021-09-07 12:00 | Report Abuse

Bilis kah kah kah

Posted by BilisMasin > 2021-09-07 12:04 | Report Abuse

Kahkahkahkah

Posted by whistlebower99 > 2021-09-07 12:37 | Report Abuse

MZM, operator want fresh fund for RI not recycled fund from selling your shares

Posted by MadCow75 > 2021-09-07 12:40 | Report Abuse

abc

Posted by BilisMasin > 2021-09-07 12:42 | Report Abuse

def

Posted by MadCow75 > 2021-09-07 12:44 | Report Abuse

ok... u win jo... i got warning by admin... see....

Posted by shavemyfurm > 2021-09-07 13:42 |

Post removed.Why?

Posted by Peace99 > 2021-09-07 13:53 | Report Abuse

MZM, I think your expectation of 6-6.5 is reasonable.... Director Quah will be paying 6sen a share for the sung master acquisition. Retailers buying now at 5.5 gets ~10% discount compared to Quah!

Posted by MZM2511 > 2021-09-07 14:12 | Report Abuse

whistlebower99 MZM, operator want fresh fund for RI not recycled fund from selling your shares
---------------------
Fresh fund or recycled fund can be the same. As, the right has been subscribed, the fund will flow in to the company. I think, even the retailers ( you referred it as fresh fund) won't subscribe if they can buy the share @ 5 sen in the market.

Posted by seriusinvestor > 2021-09-07 14:19 | Report Abuse

It seems MZM2511 more making sense after comparing the statement of MZM2511 and whistlebower99

Posted by Peace99 > 2021-09-07 14:32 | Report Abuse

Normally the big buyers get discount, now retailers get bigger discount than Quah, great opportunity!

Posted by Peace99 > 2021-09-07 14:34 | Report Abuse

But I wouldn't sell so generously at 5sen....

Posted by Peace99 > 2021-09-07 14:55 | Report Abuse

Seems like someone collecting strategically, bought at 5.5 Sen in spurts of several minutes, then stop before hitting 6sen, and wait for the selling queue at 5.5 Sen to build up, then repeat!

Posted by rr1688 > 2021-09-07 15:36 | Report Abuse

airbnb target price usd210...KANGER target price usd21...

Posted by BilisMasin > 2021-09-07 15:51 | Report Abuse

kau mabuk apa ni rr1688

Posted by RelaxBro > 2021-09-07 16:30 | Report Abuse

kau bilis kah kah kah

Posted by whistlebower99 > 2021-09-07 16:48 | Report Abuse

MZM, better screenshot the kanger OR buy/sell volume and price for your future reference.

Posted by BilisMasin > 2021-09-07 16:53 | Report Abuse

Relaxbro, tapi kau ni tak relax langsung

Posted by MZM2511 > 2021-09-07 16:56 | Report Abuse

Whistlebower99. I'm waiting and preparing to subscribe the RI. Still hoping at least the price will touch 6-6.5 sen in incoming days before 15/9.

Posted by RelaxBro > 2021-09-07 17:06 | Report Abuse

Kau kah kah kah la bilis

Posted by whistlebower99 > 2021-09-07 17:37 |

Post removed.Why?

Posted by RelaxBro > 2021-09-07 18:45 | Report Abuse

Insider news, 14th Sep the price will goreng to 0.070

Posted by BilisMasin > 2021-09-07 18:59 | Report Abuse

Insider news ????

Kahkahkahkahkah

0.070 tu kata goreng ????

Kahkahkahkahkah

Posted by BilisMasin > 2021-09-07 19:01 | Report Abuse

https://www.theedgemarkets.com/article/bintai-kinden-inks-deal-ngt-solutions-distribute-sinopharms-covid19-vaccine-private-sector

Whereby Kanger distribute Sin0p0rn for its retailer holder who cant manage to sell off their OR

Kahkahkahkah

Posted by whistlebower99 > 2021-09-07 21:29 | Report Abuse

RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,861,936,149 NEW ORDINARY SHARES IN KANGER INTERNATIONAL BERHAD ("KANGER") ("KANGER SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING KANGER SHARE HELD, TOGETHER WITH UP TO 2,861,936,149 FREE DETACHABLE WARRANTS IN KANGER ("WARRANT(S) B") ON THE BASIS OF 1 WARRANT B FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, AS AT 5.00 P.M. ON MONDAY, 30 AUGUST 2021 ("RIGHTS ISSUE WITH WARRANTS")

KANGER is undertaking above RI to purchase 126 units of serviced suite at ANTARA@Genting Highlands for RM142 million from Aset Kayamas. It is a new development to be completed in 2024 if no delay.

Today is last day for OR trading.
The OR trading at 0.005 seller quote for 7 trading days is an indication that shareholders are not happy with the massive fund raising exercise.

Posted by MZM2511 > 2021-09-07 21:49 | Report Abuse

whistlebower99 ........ The OR trading at 0.005 seller quote for 7 trading days is an indication that shareholders are not happy with the massive fund raising exercise.

---------------
Not necessarily TRUE.

I think the main cause is, the share price kept transacted below the right issue price. The confidence to subscribe for the right issue of shares was at low level, therefore only few shareholders has opted to buy the OR.

IF THE COMPANY LET THE SHARE PRICE BELOW THAN THE SUBSCRIPTION PRICE UP TO THE LAST DATE OF SUBSCRIPTION AND PAYMENT, I THINK THE PERCENTAGE OF SUBSCRIPTION FOR THE RIGHT ISSUE BY ITS CURRENT SHAREHOLDERS WILL BE VERY LOW.

Posted by MZM2511 > 2021-09-07 21:49 | Report Abuse

Why Issue a Rights Offering?

Companies most commonly issue a rights offering to raise additional capital. A company may need extra capital to meet its current financial obligations. Troubled companies typically use rights issues to pay down debt, especially when they are unable to borrow more money.

However, not all companies that pursue rights offerings are in financial trouble. Even companies with clean balance sheets may use rights issues. These issues might be a way to raise extra capital to fund expenditures designed to expand the company's business, such as acquisitions or opening new facilities for manufacturing or sales. If the company is using the extra capital to fund expansion, it can eventually lead to increased capital gains for shareholders despite the dilution of the outstanding shares as a result of the rights offering.

Posted by BilisMasin > 2021-09-07 21:49 | Report Abuse

900,000,000 seller qoute at 0.005

Only few lucky seller manage to sell

Kahkahkahkah

Posted by MZM2511 > 2021-09-07 21:57 | Report Abuse

The testing process of my simple theory on right issue is still ongoing.
-----------
We have another 5 trading days left which are 8/9,9/9,10/9,13/9 and 14/9 before the last date to subscribe and pay for the right issue on 15/9.

Yes, the time is getting shorter. I hope there is still enough time for the price to be cooked up.

TAYOR

Posted by MadCow75 > 2021-09-07 23:18 | Report Abuse

nothing internal news.... just believe what u trade.... some keyboarder is doing dirty job...

Posted by MadCow75 > 2021-09-07 23:19 | Report Abuse

when i keep on press them, i get why???? see msg delete... hahaha!!! super great belakang mari...

Posted by RelaxBro > 2021-09-07 23:23 | Report Abuse

Insider news, 14th Sep the price will goreng to 0.070

Posted by Legend > 2021-09-07 23:25 | Report Abuse

0.070 bukan goreng...bikin malu la haha

Posted by Legend > 2021-09-07 23:27 | Report Abuse

jgn kasi malu sama syndicate la...

Posted by BilisMasin > 2021-09-07 23:49 | Report Abuse

Insider news TAIK

Kahkahkahkahkah

Takat 0.070 kau tak payah ceritalah buat taik aje

Posted by MadCow75 > 2021-09-08 00:31 | Report Abuse

u talk drop till bottom can, other say up a bit u say sai... kahkahkah!!!

Posted by BilisMasin > 2021-09-08 08:22 | Report Abuse

Ini kan Kanger InterScamNational

Mesti tipu orang maaaa

Mau kutip wang beli tanah masuk nirvana 4444

Kahkahkah

Posted by OrlandoOilSemiconIoT > 2021-09-08 09:33 | Report Abuse

Count d number of days whn there is no more time to sell n use proceed for ri then can only move beyond 0.06



MZM2511 The testing process of my simple theory on right issue is still ongoing.
-----------
We have another 5 trading days left which are 8/9,9/9,10/9,13/9 and 14/9 before the last date to subscribe and pay for the right issue on 15/9.

Yes, the time is getting shorter. I hope there is still enough time for the price to be cooked up.

TAYOR

07/09/2021 9:57 PM

Posted by BilisMasin > 2021-09-08 09:35 | Report Abuse

Cepat beli

Insider news kata nak goreng pergi 0.070 !!!!!

KAHKAHKAHKAHKAH

7 sennnnnnn

KAHKAHKAHKAH

Posted by MZM2511 > 2021-09-08 09:53 | Report Abuse

OrlandoOilSemiconIoT
---------------------
Its okay dear. Just to test my theory. My first trial.

If the result on the theory show me the null result. Its still okay what???

I'm not going to loss anything. Just losing an opportunity.

I won't subscribe the RI but will still holding the current shares.

Posted by MZM2511 > 2021-09-08 09:53 | Report Abuse

OrlandoOilSemiconIoT.....

Waiting to subscribe the RI. Still hoping at least the price will touch 6-6.5 sen in incoming days before 15/9.

Posted by jazmaster > 2021-09-08 10:42 | Report Abuse

https://www.nst.com.my/business/2021/09/725001/kangers-new-acquisition-sung-master-deliver-strong-profit-fy21

KUALA LUMPUR: Bamboo flooring manufacturer Kanger International Bhd is upbeat about its prospects, mainly driven by its acquisition of a 51 per cent stake in building materials supplier Sung Master Holdings Sdn Bhd for RM94.8 million.

"The acquisition of Sung Master will positively enhance our financial performance as Sung Master is a profitable company. For the full-year (ended June 30 2021), we expect Sung Master to deliver an estimated net profit and revenue of about RM20.0 million and RM115.0 million respectively," said Kanger executive director Steven Kuah Choon Ching said.

Kanger said Sung Master had consistently delivered a profitable performance over the past three financial years (FY), from FY ended January 2018 up to the audited 17-month of FY ended June 2021 and the latest unaudited 10-month ended April 2021.

Moreover, Sung Master even paid out dividends totaling RM25.0 million during the periods.

It has also consistently recoded double-digit gross profit margin for the past two financial years with low gearing of 0.63 times and also strong current ratio of 2.4 times , suggesting strong operating cashflow.

For the latest 10-month ended April 30 2021, Sung Master reported an unaudited net profit of RM11.8 million against revenue of RM76.0 million.

Sung Master is mainly involved in the sales and trading of building materials, which include timber flooring, tiles, bulk cement, concrete, locksets and sanitary ware.

Its clients consist of property and construction players as well as engineering consultants.

Kanger recently diversified into the construction business and the acquisition of Sung Master is part of the group's growth strategy to enhance its competitive advantage when bidding for new projects in the construction industry.

"By leveraging on Sung Master's existing network of suppliers, we can source for building materials at relatively competitive prices. This will lead to greater cost efficiencies when tendering for new projects," Kuah said.

Kanger is currently working on construction projects with a combined orderbook of about RM1.0 billion.

It is applying for the Grade 7 contractor licence from the Construction Industry Development Board which will enable it to undertake construction projects of any value.

Kanger has also expanded its portfolio of investment properties with a RM142.9 million acquisition of 126 service apartments units in Antara @ Genting Highlands.

The development of the properties are expected to be completed by 2024.

"Once the service apartment units are completed, the properties will bring in a steady flow of recurring income by way of receiving rental income. "Furthermore, we will also benefit from capital gains when the properties are sold, as we managed to buy these units en-bloc at an attractive price."

"Genting Highlands is an attractive tourist destination for local and international travelers. We are confident that these apartment units will be in high demand once travel restrictions are lifted and tourism activities return to normal," Kuah said.

Kanger's existing bamboo business has been disrupted by the lockdowns in China and Malaysia due to the Covid-19 pandemic which affected sales in the last year.

"We took this time to explore and identify various opportunities to expand our revenue portfolio into new areas that are complementary to our core competencies. In addition to property investment, we also decided to diversify into the construction business," he said.

Kanger is currently undergoing a renounceable rights issue with warrants on the basis of one rights share for every existing share, together with one free detachable warrant for every one rights share subscribed.

At an issue price of RM0.06 per rights share, the exercise could raise gross proceeds of up to RM20.0 million under the minimum case scenario and RM171.7 million under the maximum case scenario.

"We are putting the group on a stronger and resilient foundation and hope our shareholders share in our vision. With the rights issue exercise, our shareholders will have the opportunity to participate in the prospects and future growth of our group," Kuah said.

Posted by BilisMasin > 2021-09-08 10:58 | Report Abuse

Kahkahkahkah

Dah habis modal dah Kanger

Berkali² sing song yang sama

Profit sung master, profit sung master

Kahkahkahkahkah

Kanger & Scam berpisah tiada

Posted by BilisMasin > 2021-09-08 11:01 | Report Abuse

Kuah said.
"We are putting the group on a stronger and resilient foundation and hope our shareholders share in our vision. With the rights issue exercise, our shareholders will have the opportunity to participate in the prospects and future growth of our group,"

Bilis said
"You can buy Kanger share below 0.060 and buy warrant 0.005 anytime without need to subscribe the RI issue"

Posted by jazmaster > 2021-09-08 11:18 | Report Abuse

Wow, @BilisMasin FULL TIME SPAMMER at Kanger ? So working hard to fight back all comment

Posted by MZM2511 > 2021-09-08 11:34 | Report Abuse

@wistlebower99

Its okay. Just to test my theory. My first trial.

If the result on the theory show me the null result. Its still okay what???

I'm not going to lose anything, except just losing an opportunity.

If your suggested scenario are going to be happened, I won't subscribe the RI.
I will hold the current shares then.

Posted by MZM2511 > 2021-09-08 12:09 | Report Abuse

whistlebower99 If you agree with my scenario, then get fresh fund to apply RI and then sell your original shares between closing date and listing date.
----------------------
At the current price which is below its subscription price, I am not gaining confidence on the RI. It's not only because we can't sell the current shares to use it to pay for the subscription, but my stand is based on my older posting....

-------------
For example: Sell now at 5.5 sen. And then later buy RI shares @ 6 sen. Instantly we loss 0.5 sen.

Yes, we can add the value from the free Warrant B that we can have if we subscribe. We can sell it at let say 1.5 sen. The value of one share after subscription will be depend on the market price of the share after the the listing of new RI shares. The NOSH will be greater and the probabilty of the price to be pushed down also greater.

MY FOOLISH LOGIC IS, IF THE PRICE CAN'T BE PUSHED UP BEFORE THE LAST DATE OF THE RI ACCEPTANCE, I'M MORE FOOLISH TO BELIEVE THAT THE PRICE WILL BE PUSHED UP HIGHER AFTER THE LISTING OF THE NEW RI SHARES (at least in the short term after the RI share listing). IT'S THE LOGIC FROM ECONOMICS THEORIES.