MAXLAND BERHAD
KLSE (MYR): MAXLAND (7123)
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Last Price
0.05
Today's Change
+0.01 (25.00%)
Day's Change
0.04 - 0.05
Trading Volume
1,511,800
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6 people like this. Showing 50 of 11,424 comments
Details of corporate proposal Private placement of up to 10% of the total number of issued shares of Priceworth International Berhad
No. of shares issued under this corporate proposal 40,949,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.1109
Latest issued share capital after the above corporate proposal in the following Units 1,495,071,521
Listing Date 13 Jan 2023
=================
Selected lucky PP investors making more than 20% profit, upon listing of their shares
Long term retail shareholders that had went through share consolidation have to wait longer to break even
2023-01-17 11:16
More capital reduction? During this shit time? Surely there are a lot of shits to be cleaned up 😡
2023-07-06 18:01
whistlebower99
FOR NEWBIES
PROPOSED CAPITAL REDUCTION
On behalf of the Board of Directors of PWI ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake a reduction of the issued share capital of PWI pursuant to Section 116 of the Companies Act, 2016 ("Proposed Capital Reduction").
Further details of the Proposed Capital Reduction are set out in the attachment enclosed.
This announcement is dated 5 July 2023.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3367211
===============
The Proposed Capital Reduction will eliminate PWI's accumulated losses via reduction and cancellation of the current issued share capital of the Company to more accurately reflect the value of the underlying assets and the financial position of the Company and enhance the financial profile of PWI Group with its bankers, customers, suppliers, investors, and other stakeholders of PWI Group following the elimination of the accumulated losses.
================
Convenient way to clean up the financial statement
Can repeat the process after it gets dirty in future
# Means ? Please explain & example ?
2023-07-25 09:25
I think with the exit of Eksons and Annum from the plywood business we are witnessing the end of the “independent” plywood manufacturers. In the past it was possible to be a standalone plywood manufacturer with it purchasing logs/timber from 3rd party sources. Today the plywood manufacturers are now like the palm oil mills. There are hardly any independent palm oil mills as estates supply to their own mills.
So we now have timber companies supplying to their own captive plywood plants. So it is no longer viable for Eksons. Refer to https://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=27024. The shift will benefit companies like PWORTH
2023-10-06 13:47
NOSH now above 1.5 Billion shares
If directors continue to raise more funds via shares issuance to PP and ESOS, NOSH might increase further to multi BILLION shares
Don't be surprised when directors propose another shares consolidation exercise in near future
2023-11-17 17:23
In the event all warrants are exercised and converted to shares, the NOSH will likely exceed 2.5 Billion shares together with new shares issued to PP, ESOS or RI.
2024-06-06 18:07
Pworth change new Name : MAXLAND with effect on 24/7/24. Sure will goreng.
2024-06-08 22:58
https://sabahkini2.org/en/news/6133/syarikat-balak-sabah-priceworth-dikuasai-freddy-lim-dan-abdul-aziz-cadang-tukar-nama-kepada-maxland-berhad/view
This counter is owned by 2 powerful figures, should be very easy to goreng if they wanted to. Unfortunately, this seems to be a cornered stock.
2024-06-13 00:42
FOR NEWBIES
Be informed change of company name from
PRICEWORTH INTERNATIONAL BERHAD (PWORTH)
to
MAXLAND BERHAD (MAXLAND)
======================
Announced EX Date Subject Ratio Offer
07 Jun 2024 20 Jun 2024 Bonus Issue (warrant) 1.0000 : 2.0000 View
20 Aug 2021 03 Sep 2021 Share Consolidation 1.0000 : 10.0000 View
06 Jul 2018 18 Jul 2018 Rights Issue 2 : 1 0.0500 View
17 Mar 2011 30 Mar 2011 Rights Issue (warrant) 1 : 2 0.0500 View
25 Nov 2009 15 Dec 2009 Final Dividend 1 : 50 View
https://www.klsescreener.com/v2/stocks/view/7123/maxland-berhad
===============
After share consolidation of 1:10
NOSH = 1,603,629,673 approaching 2 BILLION shares again
Directors happy to raise more fund via shares issuance to PP, ESOS, RI
==================
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
2024-06-21 14:52
FOR NEWBIES
HARVEST MIRACLE CAPITAL BERHAD (HM) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to RI.
This announcement is dated 15 July 2024.
================
List of high NOSH penny stocks with shares consolidation :-
2024 in progress - HM, MQTECH, XOX, VIZIONE, KGROUP
2024 completed - DESTINI, AEM, AT, FINTEC, TECHNAX, MLAB, BPURI,
2023 completed = JOE, ICON, MMAG, KOMARK, GOCEAN, AIM, DOLPHIN, DGB, VSOLAR, MERIDIAN, PASUKGB, EDUSPEC
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST
BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........
Retail investors trapped at high price incurred huge losses caused by share consolidation
2024-07-16 15:43
NOSH = 1,603,629,673
WB = 801,814,638
https://www.klsescreener.com/v2/stocks/view/7123/maxland-berhad
2024-07-16 15:45
FOR NEWBIES
Profit/(loss) attributable to ordinary equity holders of the parent -49,678,000
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3480269
https://www.klsescreener.com/v2/stocks/view/7123/maxland-berhad
Heavy losses for another quarter
NOSH = 1,603,629,673 exceeding 1.5 BILLION shares even after share consolidation
WA = 801,814,638
==============
Looks like another fund raising company via shares issuance to PP, ESOS, RI, etc
Expect directors to raise more fund via shares issuance
==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition
2 months ago
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soon becoming 52w high stock
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