Posted by OrlandoOilSemiconIoT > 2022-03-29 13:23 | Report Abuse

Yes this is the announcement but now selling the whole subsidy for RM 20m

MZM2511

any problems with this? How much is this subsidys liabilities? Any big bank loans?





JJPTR


KUALA LUMPUR: Kanger International Bhd is selling its two commercial buildings and land in Ganzhou city, China for RM258.9 million.

The company said its subsidiary Ganzhou Kanger Industrial Co Ltd had entered into a letter of intent (LOI) with Huizhou ZhongNeng Construction Ecological Resources Technology Co Ltd for the disposal.

3 hours ago

Posted by shavemyfurm > 2022-03-29 13:47 | Report Abuse

keep some money first, wait a best timing for kanger .

Posted by shavemyfurm > 2022-03-29 13:47 | Report Abuse

Kanger good counter

Posted by eatsmall > 2022-03-29 14:36 | Report Abuse

After ESOS virus, PP virus , RI virus...I LOVE CONSOLIDATION...

Posted by MZM2511 > 2022-03-29 15:18 | Report Abuse

https://www.theedgemarkets.com/article/kanger-dispose-chinese-bamboo-floor-firm-rm20m

Kanger to dispose of Chinese bamboo floor firm for RM20m
KUALA LUMPUR (March 28): Kanger International Bhd is disposing of China-based bamboo flooring company Ganzhou Kanger Industrial Co Ltd for 30.22 million yuan (RM20 million), as it seeks to streamline its business to focus on the construction business.

In a filing with Bursa Malaysia, Kanger said the group has entered into a deal to sell its 100% stake in the Chinese company to Zeng QinHu. Zeng, 69, is a Chinese national involved in the business of project investment.

Kanger said the disposal is in line with its objective of streamlining its businesses to focus on the construction segment, as well as to unlock the value and monetise Kanger's investment in Ganzhou Kanger group of companies.

The disposal, it added, is expected to help reduce Ganzhou Kanger group of companies’ debt, which stands at 63.44 million yuan (RM41.53 million).

It is also expected to reduce Kanger’s gearing from 0.13 times to 0.05 times.

Kanger said the sale is expected to be completed in the first quarter of 2022.

Shares in Kanger closed unchanged at 8.5 sen on Monday (March 28), giving it a market capitalisation of RM51 million.

Posted by shavemyfurm > 2022-03-29 15:40 | Report Abuse

Restructuring the business or RTO by kayamas, wait for a good point to all in,

Posted by BILLC > 2022-03-29 15:55 | Report Abuse

Kayamas or taikmas??

Posted by BILLC > 2022-03-29 15:57 | Report Abuse

Look carefully taikmas related XOX groups prices,,

Mostly trading around 2 to 4 sen,,,wakakaka,,

Posted by alvinchua87 > 2022-03-29 16:02 | Report Abuse

no idea what happened next, now is a gamelay for aset kayamas and kanger. Hahaha.... temporary don't proceed action and wait for next wave avg down or spike

Posted by rr1688 > 2022-03-29 16:07 |

Post removed.Why?

Posted by rr1688 > 2022-03-29 16:09 | Report Abuse

vitrox share price from RM0.08 increase to RM7.85 ...8 SENG increase to 7 RIAL...PITIH MOLEK...

Posted by rr1688 > 2022-03-29 16:11 | Report Abuse

world richest salesman company initial years also same like KANGER...he sells a to z ...bcoz he never giv up...today his company share price is usd3379 ...if u invested in early stage...u would have GAIN 195,263 % MAKEH TAK HABIS...KANGER is in early stage...to the STAR...

Posted by rr1688 > 2022-03-29 16:15 | Report Abuse

REAL ESTATE material company tsh share price increase 253 % from rock bottom...2022 year of inflation stocks...REAL ESTATE is the BEST hedge against inflation...KANGER is in REAL ESTATE now...REAL ESTATE company mcdonald's target share price amid strong demand upgrade to usd306 ...KANGER target price usd30 ...to the STAR...

Posted by rr1688 > 2022-03-29 16:52 |

Post removed.Why?

Posted by rr1688 > 2022-03-29 16:53 | Report Abuse

pmetal share price from RM0.08 increase to RM6.21 ...8 SENG increase to 6 RIAL...PITIH MOLEK...

Posted by awesome20 > 2022-03-29 17:23 | Report Abuse

looks good now after bamboo disposal

Posted by whistlebower99 > 2022-03-29 20:04 | Report Abuse

Kayamas owner Mr Cai, very happy to sell antara@genting apartments to Kanger, thankful to Mr Qua for raising 102million from shareholders via Rights Issue with free warrant at 60sen per consolidated share.

Posted by MZM2511 > 2022-03-29 20:11 | Report Abuse

wistlebower99 as been claimed by others ABSOLUTELY THE STOCK KILLER.


.....By scenery: Con liar stockraider aka whistlebower99 aka thehoff spamming all penny stocks here n in FB GorengGroupFB. He non stop since early 2021 days n nights, working very hard for syndicates to collect at low n causes all penny stock lost above 5,000% - 10,000%

He use company PP to spam down price even after those have alredi consolidated n RI, until they fall below consol price. Ridiculously. This conman has caused millions of people losing huge yet he say he help newbies.

Those ppl lost until bankrupt, don't commit suicide go 2 find him out n ask him 2 compensate your losses.

and:

.......By Mikeycc: stockraider aka id :

1. gohku
2. value_seeker
3. BILLC
4. Koey
5. whistlebower99
6. thehoff
7. invest_malaysia

Posted by MZM2511 > 2022-03-29 22:40 | Report Abuse

@JJPTR. End of THE DRAMA.....
You, the gang of speculative spammers have own objectives....
My little hopes for the management to do something about the company.
Let the market forces to determine the direction of this counter share price...

But until I sell all my tiny stakes in the company, I'm still prepared to care about this caunter....

Posted by MZM2511 > 2022-03-29 22:53 | Report Abuse

JUST A REMINDER....

The gang of speculating spammers are still interested to badmouth on this counter..... That makes me feel THAT "THEY ARE STILL INTERESTED TO BUY IN THIS COUNTER'S SHARES" but their targeted price (lowest price) for this counter not yet achieved....

Posted by rr1688 > 2022-03-29 23:36 |

Post removed.Why?

Posted by rr1688 > 2022-03-29 23:37 | Report Abuse

vitrox share price from RM0.08 increase to RM7.81 ...8 SENG increase to 7 RIAL...PITIH MOLEK...

Posted by rr1688 > 2022-03-29 23:40 | Report Abuse

world richest salesman company initial years also same like KANGER...he sells a to z ...bcoz he never giv up...today his company share price is usd3393 ...if u invested in early stage ...u would have GAIN 196,041 % ...MAKEH TAK HABIS...KANGER is in early stage...to the STAR...

Posted by rr1688 > 2022-03-29 23:43 | Report Abuse

REAL ESTATE company fareast share price increase 415 % from rock bottom...2022 year of inflation stocks...REAL ESTATE is the BEST hedge against inflation...KANGER is in REAL ESTATE now...REAL ESTATE company mcdonald's target share price amid strong demand upgrade to usd306 ...KANGER target price usd30 ...to the STAR...

Posted by rr1688 > 2022-03-29 23:45 | Report Abuse

BUY...BUY...BUY...HOLD n PUSH UP the price...KANGER fair value RM0.19 X 750 % = RM1.43

Posted by Icon 888 > 2022-03-30 01:59 |

Post removed.Why?

Posted by rr1688 > 2022-03-30 08:34 |

Post removed.Why?

Posted by rr1688 > 2022-03-30 08:35 | Report Abuse

pmetal share price from RM0.08 increase to RM6.20 ...8 SENG increase to 6 RIAL...PITIH MOLEK...

Posted by freddiehero > 2022-03-30 08:37 | Report Abuse

steady rr1688

Posted by rr1688 > 2022-03-30 08:38 | Report Abuse

world richest salesman company initial years also same like KANGER...he sells a to z ...bcoz he never giv up...today his company share price is usd3386 ...if u invested in early stage...u would have GAIN 195,639 % MAKEH TAK HABIS...KANGER is in early stage...to the STAR...

Posted by rr1688 > 2022-03-30 08:42 | Report Abuse

REAL ESTATE company taann share price increase 422 % from rock bottom...2022 year of inflation stocks...REAL ESTATE is the BEST hedge against inflation...KANGER is in REAL ESTATE now...REAL ESTATE company mcdonald's target share price amid strong demand upgrade to usd306 ...KANGER target price usd30 ...to the STAR...

Posted by fl888 > 2022-03-30 10:05 | Report Abuse

looks like Kayamas buy out Kanger for backdoor listing.....name change coming..

Posted by YoongGer > 2022-03-30 13:04 | Report Abuse

consolidate! buy and hold!

Posted by YoongGer > 2022-03-30 13:10 | Report Abuse

change name, change the luck, change the ONG

Posted by YoongGer > 2022-03-30 13:11 | Report Abuse

let go bamboo burden , walk faster

Posted by rr1688 > 2022-03-30 13:57 |

Post removed.Why?

Posted by rr1688 > 2022-03-30 13:58 | Report Abuse

vitrox share price from RM0.08 increase to RM8.06 ...8 SENG increase to 8 RIAL...PITIH MOLEK...

Posted by rr1688 > 2022-03-30 14:02 | Report Abuse

world richest salesman company initial years also same like KANGER...he sells a to z ...bcoz he never giv up...today his company share price is usd3386 ...if u invested in early stage ...u would have GAIN 195,639 % ...MAKEH TAK HABIS...KANGER is in early stage...to the STAR...

Posted by rr1688 > 2022-03-30 14:06 | Report Abuse

REAL ESTATE material company lihen share price increase 2753 % from rock bottom...2022 year of inflation stocks...REAL ESTATE is the BEST hedge against inflation...KANGER is in REAL ESTATE now...REAL ESTATE company mcdonald's target share price amid strong demand upgrade to usd306 ...KANGER target price usd30 ...to the STAR

Posted by rr1688 > 2022-03-30 14:08 | Report Abuse

BUY...BUY...BUY...HOLD n PUSH UP the price...KANGER fair value RM0.19 X 750 % = RM1.43

Posted by MCtrader > 2022-03-30 14:45 | Report Abuse

Most might have dire thoughts about the company by now, but that is far from the truth.
In this quarter, the company suffered multiple one-off expenses, which includes:
• RM2.5 million on impairment loss on inventories
• RM31.1 million on impairment loss on trade and other receivables
• RM3.6 million on impairment loss on other investments
• RM10.5 million on impairment loss on intangible assets, and
• RM77.4 million of fair value loss on investment properties amounting to RM77.4 million

Posted by MCtrader > 2022-03-30 14:46 | Report Abuse

This sums up to RM125.1 million of one-off and non-cash exhaustive loss for the quarter.
However, we must also factor in that there are some one-off income for the company, which includes:
• RM3.1 million on gain on disposal of PPE, and
• RM54.6 million on gain on disposal of subsidiary company
This sums up to RM57.7 million of one-off income for the quarter.
The net loss for the quarter under review amounted to RM75.1 million, and if you were to normalize the RM125.1 million one-off loss and RM57.7 million worth of one-off income, by right the company only suffered RM7.7 million in net loss.

Posted by MCtrader > 2022-03-30 14:51 | Report Abuse

At least for the latest 5 quarters ended, RM7.7 million is the lowest loss ever that the company had reported so far.
Also, this might be a kitchen sinking activity executed by the management to clean up the balance sheet. At least by now, the assets are considered at “book value”.

Posted by MCtrader > 2022-03-30 14:51 | Report Abuse

That being said, I wanted to highlight to investors that the PPE and investment properties of the company includes the Genting Highland project by Aset Kayamas.
It is understandable that the auditor must adjust the properties value based on 31st December 2021 cash flow forecast for the property.
But there is a very great chance that the company would write back the fair value loss and record a fair value gain in the next quarter, as we know borders are reopening by 1st April.

The Edge had also reported that the company is disposing its China-based bamboo flooring company, Ganzhou Kanger Industrial Co Ltd for RM20.0 million to Zeng QinHu. This would allow the company to realign their focus on the construction business, which generated RM45.9 million in revenue while the remaining were contributed by the newly acquired Sung Master

Interestingly, both of the companies are closely related to Aset Kayamas, too.
The management had also disclosed their growth plans for Kanger in 2022.

Posted by shavemyfurm > 2022-03-30 15:01 | Report Abuse

Article ke ?

Posted by shavemyfurm > 2022-03-30 15:02 | Report Abuse

Kanger name change to kayamas ? Sounds ok

Posted by shavemyfurm > 2022-03-30 15:02 | Report Abuse

As long got goreng, got money earn, everyone happy.

Posted by TheMarc950 > 2022-03-30 16:37 | Report Abuse

kayamas,

KAYA macam EMAS

Posted by TheMarc950 > 2022-03-30 16:39 | Report Abuse

joke aside, name really doesnt matter as long as profitable

Posted by rr1688 > 2022-03-30 22:03 |

Post removed.Why?