Posted by JJPTR > 2024-05-31 09:54 | Report Abuse

MZM2511
Kanger was able to buy 143m worth of Antara Condo built by Chai Kin Kong, father of Chai Vun Chet who pass away not too long ago at age 46, was because of money raised from RI 2.8b shares @6c per share. The 145m money was visible in Kanger account for a while before it was used to buy up for the purchase. That was 3 years ago. Btw, is the Antara condo near completion? One thing obvious is after that 145m rgt purchase, Kanger cash had been below 1m for few qtrs, there were qtrly loses, how did Kanger manage to do another 15 new purchases recently?

Posted by MZM2511 > 2024-05-31 10:43 | Report Abuse

@JJPTR (the naysayer)... You better search for the news yourself.
Changed the tune after been caught to be spreading the false information... Yeah

Posted by JJPTR > 2024-05-31 16:24 | Report Abuse

MZ, which part of what i wrote are false?
My worry is the 145m purchase is scaled down to 15 unit purchase. Your assertion is there is a 145m rgt purchase+15 unit new purchase. If so where does the money comes from siince Kanger made loses last few qtrs.

MZM2511
Kanger was able to buy 143m worth of Antara Condo built by Chai Kin Kong, father of Chai Vun Chet who pass away not too long ago at age 46, was because of money raised from RI 2.8b shares @6c per share. The 145m money was visible in Kanger account for a while before it was used to buy up for the purchase. That was 3 years ago. Btw, is the Antara condo near completion? One thing obvious is after that 145m rgt purchase, Kanger cash had been below 1m for few qtrs, there were qtrly loses, how did Kanger manage to do another 15 new purchases recently?

6 hours ago

MZM2511

@JJPTR (the naysayer)... You better search for the news yourself.
Changed the tune after been caught to be spreading the false information... Yeah

Posted by OKU_2020 > 2024-05-31 16:38 | Report Abuse

Sweating liao.......
The worst is yet to come....
Many especially Newbies in HOT SOUP ( Hot Tom Yam ) Now . Blame whom..?...That Boy laaa....that one laaa for MISLEADING you into this BOBBY TRAP....seems NO WAY OUT...BEHEADING IS NEXT..??

Posted by Noobie123 > 2024-05-31 17:03 | Report Abuse

Hello......u guys still around? LOL

Posted by MZM2511 > 2024-05-31 18:53 | Report Abuse

@JJPTR...
One thing obvious is after that 145m rgt purchase, Kanger cash had been below 1m for few qtrs, there were qtrly loses, how did Kanger manage to do another 15 new purchases recently?
----
This announcement is dated 7 November 2023
https://www.malaysiastock.biz/Company-Announcement.aspx?id=1519668

Still can't see any info about the completion of this proposed acquisition...

As per this announcement...

"The obligations of the parties under the Agreement are in all respects conditional upon the following being fulfilled on or before six (6) months from the date of the Agreement or such other extended as may be agreed between the parties (hereinafter referred to as the “the Cut-Off Date”):–
(a) Purchaser having obtained the approval of its shareholders at an extraordinary general meeting to be convened for the sale and purchase of the Purchaser Units. Within five (5) business days after the conclusion of Purchaser’s extraordinary general meeting, Purchaser shall obtain and forward to the Developer’s Solicitors three (3) certified true copies each of Purchaser’s members’ resolution authorising Purchaser to enter into the Agreement and its execution and performance of the Agreement and all the other relevant documents pursuant to the Agreement or otherwise pertaining to the transactions contemplated by the Agreement; and
(b) any approvals, waivers or consents from any relevant authority or parties as may be required by law or regulation or deemed necessary by the parties to facilitate the sale and purchase of the Purchaser Units (if required).
7.2
If any of the conditions set out in Clause 3A(1) are not satisfied by the Cut-Off Date (not due to a default of any party), then either party will be entitled to issue a notice of termination to the other party and thereafter whereupon the Developer shall refund all monies paid by Purchaser to the Developer for its account as part of the Total Consideration Sum free of interest within thirty (30) days from the date of notice of termination.

The Agreement shall become unconditional on the day upon which the conditions have been fulfilled in accordance with the provisions of the Agreement or on such other date the Developer and/or Purchaser confirm in writing that the conditions have been fulfilled, whichever shall be earlier (hereinafter referred to as the “Unconditional Date”)

Posted by MZM2511 > 2024-06-02 15:30 | Report Abuse

OKU_2020 @Pon danman and JJPTR always come to "Goyang-Goyang".

Jom Dangdut... Ah Ah Ah

Posted by OKU_2020 > 2024-06-03 13:41 | Report Abuse

MrChin Williom@
Nono... All guy already cut lose runnn. .... Haha
-------
Cut your bird edi ?....Pity
Blame whom ..?... him laaa none others .....
.must THROWWWW shoes on him as a symbolic for misleading you into this painful BOOBBY TRAP..!

Posted by OKU_2020 > 2024-06-03 22:00 | Report Abuse

BACK TO SQUARE ONE...?
Can't rule out this....
As the outlook is so GLOOOMY
BTW...OKU = ?
OKU = Otai Kuat UMNO = O K U😁

Posted by OKU_2020 > 2024-06-04 06:39 | Report Abuse

Hmmm....BACK to SQUARE ONE ..?
Worrying trend
Be prepared for the painful PP dilution
3 sen for Mom Kanger , Coffin half sen for son WB ( extremely out of money ) with conversion price of Crazy 50 SEN
Good Luck my frens

Posted by MZM2511 > 2024-06-04 08:25 | Report Abuse

OKU_2020 @Pon danman always come to "Goyang-Goyang".

Jom Dangdut... Ah Ah Ah

Posted by BE_GREEEEEDY > 2024-06-04 11:06 | Report Abuse

rotikong@
MZM & OKU always negative
,++++++++
Warren Buffett >> BE. GREEEEEEEDY 💪💪💪when others are SHIVERING
Immediate Kanger TP 10 sen

Posted by Joe > 2024-06-05 10:21 | Report Abuse

PERMAJU can be a better hold then KANGER... Is this true?

Posted by MZM2511 > 2024-06-05 10:27 | Report Abuse

@Joe

Look at this comment on Permaju..
Good123

Syer consolidation coming... 100:1---> rm4.50 hahaha

1 week ago

Posted by MZM2511 > 2024-06-05 10:28 | Report Abuse

Furthermore, Kangers's balance sheet is better than Permaju's.

Posted by BE_GREEEEEDY > 2024-06-05 19:23 | Report Abuse

rotikong@
Both MZM & OKU always negative
,++++++++
Warren Buffett >> BE. GREEEEEEEDY 💪💪💪when others are SHIVERING
Immediate Kanger TP 10 sen

Posted by MZM2511 > 2024-06-05 19:32 | Report Abuse

-ve + +ve = Spark BOOOOOOM. He He he

Posted by BE_GREEEEEDY > 2024-06-07 15:27 | Report Abuse

BREWINGGGGGG
Anytime $$$$$

Posted by BE_GREEEEEDY > 2024-06-10 12:45 | Report Abuse

finger crossed $$$$$

Posted by BE_GREEEEEDY > 2024-06-10 22:05 | Report Abuse

don't be Pond*n
TP 10 sen intact

Posted by MZM2511 > 2024-06-10 22:28 | Report Abuse

@BE_GREEEEEEEEEEEEEEEDY... Good! Very positive vibe..

I think the next cycle of GORENG is nearer.
The market condition is more conducive... The price of PP share has to be determined.

TAYOR

Posted by eatsmall > 2024-06-11 13:46 | Report Abuse

be geli..Dyyy.. mendanyeee..SUDAH 7 bulan macam ni aje..

Posted by BE_GREEEEEDY > 2024-06-11 15:32 | Report Abuse

Anytime 7-8 sen

Posted by BE_GREEEEEDY > 2024-06-11 16:31 | Report Abuse

volume very impressive n promising
$$$ for sure

Posted by M55555 > 2024-06-12 16:17 | Report Abuse

anything new here? Now left with RM0.05 saja

Posted by BE_GREEEEEDY > 2024-06-13 09:41 | Report Abuse

looks promising....anytime 7-8 sen
WB 2"SEN

Posted by Joe > 2024-06-14 16:24 | Report Abuse

They might come back for Permaju...just watch KANGER or Permaju

Posted by BE_GREEEEEDY > 2024-06-14 18:48 | Report Abuse

CHEARSSSS..,.
BE GREEEEEDY when others are SHIVERINGG PAID OFF $$$$$ - Warren BUffett👌

Posted by OKU_2020 > 2024-06-16 10:31 | Report Abuse

hmmm I am back with a Bang
beware
this cap ayam Kanger ? merely a DEAD CAT BOUNCE

Posted by MZM2511 > 2024-06-16 10:40 | Report Abuse

Posted by MZM2511 > 2 months ago | Report Abuse

Not necessary... It's up to the company's insiders objectives or depend on how they want to play a game. For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done. TAYOR.

Posted by MZM2511 > 2024-06-17 21:03 | Report Abuse

Wow.. Ponda.man is coming back from the cave!!!
Goyang jangan tak goyang dik...

Anyway,
I am expecting for the next cycle of GORENG for Kanger...... Better now or never!!!

TAYOR

Posted by OKU_2020 > 2024-06-18 12:06 | Report Abuse

See....told you edi
Back to Square One...a short lived euphoria / joy...
Those trapped especially innocent newbies must blame this Great Pretender...him laaa Non others..
Heard he was trapped Liao n be headed...CONDOLENCE

Posted by whistlebower99 > 2024-06-18 12:18 | Report Abuse

FOR NEWBIES

NOSH = 731,581,371

https://www.klsescreener.com/v2/stocks/view/0170/kanger-international-berhad

Look at annual P/L and capital changes in above link

Announced EX Date Subject Ratio Offer
21 Jan 2022 08 Feb 2022 Share Consolidation 1.0000 : 10.0000
16 Aug 2021 27 Aug 2021 Rights Issue (warrant) 1.0000 : 1.0000 0.0600


After share consolidation, NOSH approaching 1 BILLION shares again

Multi year loss making penny stock
==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition

Posted by OKU_2020 > 2024-06-18 12:36 | Report Abuse

Advice given fell on deaf ears- PITY
Those trapped must blame him ?.....Who ?
That Great Pretender for misleading you especially Innocent Newbies
At least must THROWWWW virtual shoes as a spicy symbolic on him

Posted by MZM2511 > 2024-06-18 13:28 | Report Abuse

Anyway,
I am expecting for the next cycle of GORENG for Kanger...... Better soon or never!!!

TAYOR

Posted by BE_GREEEEEDY > 2024-06-19 09:07 | Report Abuse

rotikong@
Both MZM & OKU always negative
,++++++++
Warren Buffett >> BE. GREEEEEEEDY 💪💪💪when others are SHIVERING
Immediate Kanger TP 10 sen

Posted by MrChin Williom > 2024-06-19 15:17 | Report Abuse

Ya... Rubbish company ... Bye bye

Posted by BE_GREEEEEDY > 2024-06-19 15:32 | Report Abuse

MrChin Williom@
Ya... Rubbish company ... Bye bye
+++++
Don't be Pond*n
BE GREEEEEEEEDY whwn others are SHIVERINGGG - W. BUFFETT = $$$$$

Posted by MrChin Williom > 2024-06-19 20:58 | Report Abuse

I already sold it... No more share .. bye bye

Posted by BE_GREEEEEDY > 2024-06-19 21:39 | Report Abuse

Get lost ....
Only Macho(s) stay put (intact) over here💪 with Darling Kanger

Posted by MZM2511 > 2024-06-25 15:50 | Report Abuse

Base on my BRIEF study on the QR2 2024 of Kanger:

Summary:
The company
A: Sitting on negative reserve.

B. Recorded net loss for the last TWO consecutive quarters.
QoQ, revenue down and net loss widened.

C: Not a cash rich company.

D. Total assets > Total liabilities, Total current assets > Total current liabilities: Means still has a low indebtedness risk.

E. Has nil non-current liabilities: Means has more oppurtunity to take a loan to finance its future project / investment.


THE FINDINGS:

1. NTA 31 sen (down from 45.1 sen @ last QR1 2024).
2. NOSH 731.58 mil.

3. EQUITY
Share Capital RM 433,234,000
Reserves / (accumulated losses) (RM 206,530,000)
Shareholders’s equity RM 226,704,000
Non-Controlling Interest RM 0
TOTAL EQUITY RM 226,704,000

4. Cash and Cash Equivalent:
Cash and bank balances RM 560,000

5. Assets:
Current Assets RM 36,431,000
Non-current Assets RM 204,544,000
TOTAL ASSETS RM 240,975,000

6. Liabilities:
Current Liabilities RM 14,271,000
Non-current liabilities RM 0
TOTAL LIABILITIES RM 14,271,000

7. QR2 2024 results :
- Revenue RM 9,969,000 (down from QR1 2024 of RM20,691,000)
- Gross profit RM 1,985,000
- Net profit / (loss) (RM 1,464,000) (up from QR1 2024 loss of (RM382,000)

Note 1:

Revenue decrease by RM13.3 million in current financial quarter ended 31 March 2024 (“Q2 2024”) as compared to the corresponding quarter ended 31 March 2023 (“Q4 2023”) which was mainly due to significantly decrease in the sales generate from Sung Master Holdings Sdn Bhd on trading of building materials. Besides, Q2 2024 has recorded loss after taxation of RM0.7 million as compared to the profit of RM1.6 million in Q4 2023. This was mainly due to loss on disposal of motor vehicles which has contributed a total of RM1.1 million in current financial quarter.

Note 2:

The Group recorded loss after taxation of RM0.7 million as compared to profit after taxation of RM0.6 million in Q1 2024. The loss was recorded in Q2 2024 was mainly due to non-recurring expenses such as loss on disposal of motor vehicles of RM1.1 million.

Posted by MZM2511 > 2024-06-25 15:55 | Report Abuse

Anyway,
I am expecting for the next cycle of GORENG for Kanger......
For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done.
Better now or soonerr!!!

TAYOR

Posted by whistlebower99 > 2024-06-25 22:05 | Report Abuse

FOR NEWBIES

Directors restarting massive fund raising via massive shares issuance.

KANGER INTERNATIONAL BERHAD ("KANGER" OR THE "COMPANY")

PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF KANGER ("PRIVATE PLACEMENT")

===========
Expect more fund raising via massive shares issuance to increase the NOSH to Billion shares again. After that, directors might repeat share consolidation again.

Posted by whistlebower99 > 2024-06-26 08:25 | Report Abuse

FOR NEWBIES

Announced EX Date Subject Ratio Offer
21 Jan 2022 08 Feb 2022 Share Consolidation 1.0000 : 10.0000 View
16 Aug 2021 27 Aug 2021 Rights Issue (warrant) 1.0000 : 1.0000 0.0600 View
27 Mar 2015 08 Apr 2015 Others (warrant) 1 : 2 View
26 Aug 2014 09 Sep 2014 Bonus Issue 1 : 5 View

https://www.klsescreener.com/v2/stocks/view/0170/kanger-international-berhad

==================
NOSH = 731,581,371
WB = 169,951,156

After rights issue and share consolidation in 2022, NOSH will once again hit 1 BILLION soon
Directors is back to fund raising via massive shares issuance to PP, ESOS, RI, etc causing dilution to retailers shareholding equity % and EPS

==================
KANGER INTERNATIONAL BERHAD ("KANGER" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF KANGER ("PRIVATE PLACEMENT")

On behalf of the Board, UOBKH wishes to announce that the Board had on 25 June 2024 resolved to fix the issue price for the Private Placement at RM0.0535 per Placement Share.

This announcement is dated 25 June 2024.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3458823

==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition

Posted by MZM2511 > 2024-06-26 08:28 | Report Abuse

Finally....
On behalf of the Board, UOBKH wishes to announce that the Board had on 25 June 2024 resolved to fix the issue price for the Private Placement at RM0.0535 per Placement Share.

Posted by whistlebower99 > 2024-06-26 16:27 | Report Abuse

MZM how's your investment in kanger, nexgram, fast, etc

Posted by MZM2511 > 2024-06-26 19:33 | Report Abuse

@whistlebower99. Big loss @Nexgram, Exited Kanger with a big reducing amount of losses but reentered back some, early 2024 gained big @ itronic and itronic w and gained substantial amount @Wegman W...

Overall, already recovered +-80 percent of my initial investment.....

Year 2024 is a good year for my investment.. Hope will be better...

Posted by whistlebower99 > 2024-06-26 21:28 | Report Abuse

MZM, kanger directors repeating modus operandi.
Fund raising via shares issuance to PP ESOS RI, asset acquisition etc
Make business losses to let company fund flow out to someone
When NOSH becomes too high to manage, directors will do shares consolidation and rights issue with free warrant

Posted by MZM2511 > 2024-06-26 22:11 | Report Abuse

@whistleblower99... Thanks for your perception on Kanger.
For me, its 70 percent true...
But... I still have some hope on this company....
Still has a room and possibility to be a GORENG COUNTER....

Hope I should not wait too long for that time...
TAYOR.

Posted by MZM2511 > 2024-06-26 22:12 | Report Abuse

Anyways,,,
I am expecting for the next cycle of GORENG for Kanger......
Just a simple theory.. The price probably not going far below the issue price for the PP shares....
TAYOR...