PASUKHAS GROUP BERHAD
KLSE (MYR): PASUKGB (0177)
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Last Price
0.14
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
Trading Volume
0
Overview
Market Cap
27 Million
NOSH
153 Million
Avg Volume (4 weeks)
161,300
4 Weeks Range
0.12 - 0.15
4 Weeks Price Volatility (%)
93.33%
52 Weeks Range
0.11 - 0.22
52 Weeks Price Volatility (%)
63.64%
Previous Close
0.14
Open
0.00
Bid
0.135 x 80,000
Ask
0.14 x 80,000
Day's Range
0.00 - 0.00
Trading Volume
0
Financial Highlight
Latest Quarter | Ann. Date
30-Sep-2024 [#1] | 29-Nov-2024
Next QR | Est. Ann. Date
31-Dec-2024 | 28-Feb-2025
T4Q P/E | EY
-1.15 | -86.91%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.71 | 0.20
T4Q NP Margin | ROE
-26.88% | -17.14%
Market Buzz
News and Blogs
Company Profile
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: INDUSTRIAL ENGINEERING
Subsector: INDUSTRIAL ENGINEERING
Description:
Pasukhas Group Bhd is a Malaysian company which is engaged in the business of investment holding and the provision of management services. The operating segments of the company are M&E Engineering Services segment involved in the provision of water treatment and sewerage industry, palm oil, sugar mills, refineries and other factories; Manufacturing of LV Switchboards segment is involved in sub-distribution for the generation, transmission, distribution and conversion of electric energy and for the control of equipment that consumes electric energy; Trading segment involved in trading of a variety of goods without any particular specialization; and Property Development segment is involved in civil engineering and construction. All of the company's revenue is earned from Malaysia.
Discussions
12 people like this. Showing 50 of 15,076 comments
Ada right issue, tinggal rm10juta tunai, tak cukup duit untuk buat projek yayasan atm hahaha
2024-01-25 10:19
right issue is on the way... tak cukup cash untuk projek yayasan atm, duit dah diselewengkan untuk syer2 penny related parties... iya, prepare duit untuk right issue ,bang
2024-01-26 11:08
right issue on the way, cash depleted to ~RM8mil left only.. hahaha fork out money, iya
PASUKHAS GROUP BERHAD Registration No.: 200501009342 (686389-A)
FOR THE FIRST (1ST) QUARTER ENDED 30 SEPTEMBER 2023
UNAUDITED AUDITED
CURRENT PERIOD PRECEDING PERIOD
TO DATE TO DATE
30 Sep 2023 30 June 2023
RM'000 RM'000
CASH FLOWS FOR OPERATING ACTIVITIES
Profit/(Loss) before taxation 2,148 (21,503)
Adjustments for:-
Amortisation of transaction costs capitalised 25 153
Depreciation of plant and equipment 602 3,830
Depreciation of investment properties 75 300
Depreciation of right-of-use assets 128 660
Gain on disposal of plant and equipment - (112)
(Gain)/Loss on disposal of other investment (231) 181
Gain on modication of lease terms - (8)
Share options to employees - 1,513
Impairment loss on trade receivables and contract assets - 1,731
Interest expense 240 1,873
Interest income (9) (418)
Fair value (gain)/loss on investment in quoted shares (2,864) 12,786
Unrealised gain on foreign exchange (3) (11)
Operating profit before working capital changes 111 975
Increase in inventories (5) (740)
Net decrease/(increase) in contract 7,794 (22,104)
Increase in trade and other receivables (3,816) (8,044)
Decrease in trade and other payables (2,800) (9,350)
CASH FLOWS FROM/(FOR) OPERATING ACTIVITIES 1,284 (39,263)
Interest paid (240) (1,873)
Income tax refunded 28 523
NET CASH FROM/(FOR) OPERATING ACTIVITIES 1,072 (40,613)
CASH FLOWS FOR INVESTING ACTIVITIES
Interest received 9 418
Purchase of Investment property - (7,750)
Purchase of right of use assets - (57)
Purchase of plant and equipment (13) (1,033)
Additional investment in an existing subsidiary - (830)
Proceeds from disposal of plant and equipment - 1,548
Proceeds from disposal of other properties - 585
Purchase of other investments (3,441) (19,024)
NET CASH FOR INVESTING ACTIVITIES (3,445) (26,143)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of employees’ share options - 9,806
Repayment of lease liabilities (111) (585)
Net repayment of Islamic medium term notes - (2,900)
NET CASH (FOR)/FROM FINANCING ACTIVITIES (111) 6,321
NET DECREASE IN CASH AND CASH EQUIVALENTS (2,484) (60,435)
EFFECTS OF FOREIGN EXCHANGE TRANSLATION 3 9
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE FINANCIAL PERIOD 10,973 71,399
CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL PERIOD 8,492 10,973
2024-01-26 12:04
Pasukhas Group Berhad is a company that claims to provide mechanical, electrical, civil engineering, and energy services in Malaysia and abroad. However, there are many negative aspects of this company that make it a poor choice for investors, customers, and employees. Some of these are:
- It has a poor financial performance and a high debt level. It reported a net loss of **RM 9.8 million** for the financial year ended 31 December 2020, compared to a net profit of RM 2.4 million in 2019¹. Its total borrowings amounted to **RM 51.6 million**, which exceeded its total equity of RM 48.4 million¹.
- It has a weak corporate governance and a lack of transparency. It has been involved in several legal disputes and regulatory issues, such as a lawsuit by a former director for breach of contract², a query by Bursa Malaysia for unusual market activity³, and a reprimand by the Securities Commission for failing to submit its annual report on time⁴.
- It has a low competitive advantage and a lack of innovation. It faces intense competition from other established players in the industry, such as Gamuda Berhad, IJM Corporation Berhad, and YTL Corporation Berhad. It has not demonstrated any significant innovation or differentiation in its products and services, which are largely dependent on the cyclical demand of the construction and energy sectors.
- It has a poor reputation and a low customer satisfaction. It has received numerous complaints and negative feedback from its customers and stakeholders, such as delays in project completion, poor quality of workmanship, and breach of contract . It has also been accused of engaging in unethical practices, such as bribery, corruption, and tax evasion .
Pasukhas Group Berhad is a company that has a long history, but a bleak future. It is a company that has failed to deliver on its promises and expectations. It is a company that should be avoided by anyone who values their money, time, and reputation. 😡
Source: Conversation
Source:
(1) Pasukhas Group Berhad | Malaysia Leading Mechanical & Electrical .... https://pasukhasgroup.com/.
(2) Pasukhas Group Berhad | About Us. https://pasukhasgroup.com/about-us/.
(3) Pasukhas Group Berhad | Our Businesses. https://pasukhasgroup.com/our-businesses/.
(4) Pasukhas Group Berhad | Information. https://pasukhasgroup.com/information/.
2024-01-26 13:41
Wow, suddenly supporter become haters lol, i though one year++ ago mention how promising this company lol
2024-02-21 21:20
Why still got many people intrested in this scammer company? Just avoid it and their sibling by hook or by crook if u dont want to be scammed.
2024-02-29 08:38
Another quarterly losses
https://www.klsescreener.com/v2/stocks/financial-report/0177/2023-12-31
2024-02-29 12:11
TERIMA KASIH BRO KERANA SANGGUP MENYEDARKAN MEREKA YANG BODOH & NAIF HEHE
@whistlebower99
FOR NEWBIES
VIZIONE is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 6 March 2024.
===================
Be careful if holding high NOSH low price penny stocks for long term
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses from share consolidation
List of penny stocks with shares consolidation :-
2024 in progress - VIZIONE, FINTEC, KGROUP, MLAB, TECHNAX
2024 completed - AEM, AT,
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,.........
2 hours ago
2024-03-07 14:00
pergi tanya sabri yang pernah melawat tapak pembinaan JV pasukhas-ATM dulu dulu... bangunan dah siap ke belum? hehe
2024-03-11 14:30
Tangkap semua hehehe
It is learnt that the raids were conducted around the Tropicana area in Petaling Jaya.
PETALING JAYA: The Securities Commission (SC) is believed to have raided premises of listed companies for suspected abuse of fund-raising activities.
According to well-placed sources, the regulator kicked off the investigations following complaints and tip-offs from the public on alleged fraud, as well as potential false or misleading disclosure by several public-listed companies in their fund-raising exercises, including private placements, employees share option schemes and rights issues.
It is learnt that the raids were conducted around the Tropicana area in Petaling Jaya.
A number of listed companies had taken advantage of relaxed fund-raising rules that were loosened during the Covid-19 crisis. The rules were changed to allow companies to sell up to 20% of their issued share capital via private placements until Dec 31, 2021, compared with 10% previously.
In addition, companies were permitted to issue up to 30% of their existing share capital in a share placement if the shareholders approve the exercise at an EGM.
Naturally, the relaxed ruling attracted numerous small-cap companies to raise fresh cash for working capital and future investments or for new business ventures such as rubber glove manufacturing or distribution of vaccines and Covid-19 test kits.
According to the SC, fresh capital raised from secondary issuance, such as share placements and rights issues, rose 76% year-on-year (y-o-y) to RM8bil in 2020 and another 78.8% y-o-y jump to RM14.3bil in 2021.
Late last year, Bursa Malaysia proposed amendments to the Main Market and ACE Market Listing Requirements to, among others, boost the transparency on fund-raising exercises involving new securities issuance.
The exchange issued a consultation paper seeking public feedback on these proposed amendments.
Interested parties were invited to submit their comments and feedback by Jan 26, 2024.
Among the key proposed amendments include enhanced disclosures in relation to placement exercises, enhancing the employee share scheme framework by subjecting a share grant scheme to the same restriction on the total number of shares issued under a share issuance scheme.
These amendments were proposed probably to tighten the screw on public-listed companies’ fund-raising exercise rules, which were relaxed to help ease cash constraints caused by the Covid-19 pandemic in 2020.
2024-03-14 08:30
sabri dah tiada, muhyiddin pun tiada. kini anwar, boleh tangkap semua. baru semangat madani
2024-03-14 10:07
pERANGKAP YG LUMRAH: right issues, share split, esos kpd pengarah2, private placement at depressed prices, last last consol to make the final killing hehe... dulu bekas pm (muhyiddin & sabri), kini pm anwar... berani manipulasi syer lagi ATAUPUN PAKAI TAKTIK YG SAMA? good friday yah! hehe
2024-03-29 22:52
Next, pasukhas ka? hahaha https://www.klsescreener.com/v2/news/view/1303483/macc-to-charge-casio-king-robert-tan-over-rm4-5b-spanco-deal-tomorrow
2024-04-03 06:08
would pasukhas declare a huge loss due to such fraud as a major shareholder of meridian?
Meridian's auditor raises doubts over company's ability to go on as a business entity
NST Wed, Apr 10, 2024 12:32pm - 1 hour
KUALA LUMPUR: Meridian Bhd's auditor have raised concerns regarding the continued viability of Meridian Bhd as a business entity.
In its recent filing with Bursa Malaysia, the property developer's external auditor, Messrs Jamal, Amin & Partners, issued a disclaimer of opinion on the group's annual audited financial statements for the period spanning from July 1, 2022, to Nov 30, 2023.
The auditors pointed out a lack of compelling evidence to support the directors' claim that it can sustain its operations.
Despite Meridian's financial statements assuming ongoing operations, a range of significant uncertainties, such as recurring losses, inadequate cash reserves, legal proceedings, and regulatory hurdles, cast doubt on the validity of this assumption.
The auditors highlighted that over the past three financial years, both the group and the company have incurred substantial net losses. Meridian reported a net loss of RM17.27 million, while the company's net loss reached RM90.98 million, raising concerns about the company's financial health and sustainability.
Negative indicators such as current liabilities exceeding current assets by RM4.935 million were also highlighted in the financial statements.
Furthermore, the group's cash reserves are alarmingly low, with bank overdrafts exceeding the credit limits granted by financial institutions.
Significant tax liabilities totaling RM4.56 million, along with RM4.89 million in tax penalties from the previous financial year, have also been noted. Legal action has been initiated by tax authorities to recover these balances, but the proceedings remain ongoing and unresolved.
"We have not been able to obtain sufficient appropriate audit evidence in respect of the estimates and assumptions made in the cash flow projections prepared by the management. Accordingly, we are unable to obtain sufficient appropriate audit evidence to support the validity of the going concern assumptions adopted by the directors in preparing the financial statements of the group and of the company," the auditors said.
Meanwhile, the auditors highlighted that certain investment properties and inventories, collectively referred to as "the properties," with a total carrying amount of RM50.43 million, representing 28 per cent of the total assets of the group, are still registered under a former subsidiary company, despite its disposal.
The transfer of titles for these properties to the group has not been completed, complicating matters further due to the former subsidiary's winding-up process, the auditors said.
"Included in the term loans of the group is an amount of RM2.974 million, where we were unable to confirm the amount and the existence of the term loan, and we were unable to obtain any other audit evidence relating to the accuracy and the existence of the term loan.
"Accordingly, we are unable to determine whether potential adjustments are necessary, if any, and whether the group is obliged to settle the term loan," they said.
The auditors added that the combined impact of these factors casts significant uncertainties regarding Meridian's ability to continue operating.
Meridian has been classified as a Practice Note 17 (PN17) company, having triggered the PN17 criteria of the Main Market of Bursa Malaysia due to its minimal operational activity.
The developer has expressed its intention to formulate a regularisation plan to address its PN17 status, while Bursa Malaysia said it will continue monitoring the company's progress in complying with the Main Market listing requirements.
2024-04-10 14:23
really silap labur duit lebur hehe top 5 largest shareholders of Meridian facing fraud hehe
THIRTY (30) LARGEST SHAREHOLDERS AS AT 7 OCTOBER 2022
(BASED ON RECORD OF DEPOSITORS)
No. Name of Shareholders No. of Shares Percentage (%)
1. AFFIN HWANG NOMINEES (TEMPATAN) SDN. BHD. 190,000,000 21.01
EXEMPT AN FOR LAZARUS SECURITIES PTY LTD
2. LIM KON LIAN 150,695,909 16.67
3. UOBM NOMINEES (TEMPATAN) SDN BHD 32,500,000 3.59
EXEMPT AN FOR SANSTON FINANCIAL GROUP LIMITED
4. LEE KOON WENG 31,130,000 3.44
5. PASUKHAS PROPERTIES SDN BHD 29,941,600 3.31
2024-04-10 14:24
Joe holds or a major shareholder of pasukhas would dive on friday... wait n see yah
2024-04-10 14:26
Buatlah yg sama di Malaysia
https://www.nst.com.my/world/region/2024/04/1036896/vietnam-tycoon-sentenced-death-12-billion-fraud-case-state-media
2024-04-11 19:50
SC mau tangkap, kerajaan madani terhebat
KUALA LUMPUR: Lim Kok Boon, a former chief executive officer of GW Plastics Holdings Bhd, and a friend have been ordered to pay a total of RM2.01 million.
The High Court on Monday ruled in favour of the Securities Commission (SC) in an insider trading civil suit filed against Lim and Cheah Mean Har.
Lim was the CEO and non-independent executive director of GW Plastics at the material time.
High Court judge Adlin Abdul Majid ordered Lim, 66, and Cheah, 47, to each pay the SC RM142,500 disgorgement, which is three times the profits gained by Cheah as a result of the insider trading breach.
Lim and Cheah were also required to pay a civil penalty of RM1 million and RM500,000 respectively the SC said in a statement.
Additionally, the court ordered Lim and Cheah to pay costs of RM200,000
and RM30,000 respectively to the SC.
Lim is also barred from being appointed as a director of a public listed company for a five years beginning from the date of the court judgment on April 22 this year.
The High Court found that Lim had breached section 188(3)(a) of the Capital Markets and Services Act 2007 (CMSA) when he communicated material non-public information to Cheah.
Cheah subsequently acquired GW Plastics shares on Sept 25 2017 and Sept 27 2012, and was found liable by the High Court for a breach under section 188(2)(a) of the CMSA.
"The material information was in relation to a proposed share sale agreement between GW Plastics and Scientex Packaging Film Sdn Bhd and a proposed distribution of the cash proceeds arising from the share sale agreement to the shareholders of GW Plastics.
"The information was announced by GW Plastics to Bursa Malaysia on Oct 3 2012. This decision serves as a strong deterrent against insider trading, signifying the SC's resolve to uphold market integrity," the commission said.
It added that the joint accountability of the corporate insider and the trader underscores the SC's commitment to address market misconduct and
abuses that can affect the integrity of the capital market.
Both Lim and Cheah had filed an appeal against the High Court judgment on Monday.
2024-04-23 08:37
MB's son among six remanded over document forgery, false claims involving RM600,000
TheEdge Wed, Apr 24, 2024 03:33pm - 20 minutes
KANGAR (April 24): The son of a menteri besar is among six individuals remanded by the Malaysian Anti-Corruption Commission (MACC) here to assist in investigations regarding a case of submitting false documents and claims involving RM600,000 over the past two years.
Magistrate Ana Rozana Mohd Nor granted the remand order for all suspects from Wednesday to Thursday, following a request from the MACC to conduct investigations under Section 18 of the MACC Act 2009.
According to sources, two civil servants from the MB’s Office and the State Secretary's Office were also detained, along with contractors and owners of various companies.
“The suspects are believed to be owners of companies, contractors, and civil servants in the State Secretary's Administration Office and the Perlis MB’s Office.
“All six suspects, aged between 26 and 37, were detained in Perlis between 7am and 8am yesterday (Tuesday),” he said.
He said the case is being investigated relating to document forgery in making false claims when the project in question was not carried out. The project involved maintenance, repair, supply, and service works starting from 2022 until now, estimated to be worth RM600,000.
Meanwhile, in Putrajaya, a senior director of the Special Operations Division of the MACC, Datuk Azmi Kamaruzaman, confirmed the arrest.
2024-04-24 15:55
ceo dah cabut hehe
Change in Principal Officer
PASUKHAS GROUP BERHAD
Date of change 22 Apr 2024
Name MR WAN THEAN HOE
Age 55
Gender Male
Nationality Malaysia
Type of change Resignation
Designation Chief Executive Officer
Reason
Personal reasons
2024-04-29 16:20
auditor juga cabut hehe
OTHERS PASUKHAS GROUP BERHAD ("PASUKHAS" OR "THE COMPANY") - RESIGNATION OF AUDITORS
PASUKHAS GROUP BERHAD
Type Announcement
Subject OTHERS
Description
PASUKHAS GROUP BERHAD ("PASUKHAS" OR "THE COMPANY") - RESIGNATION OF AUDITORS
The Board of Directors of Pasukhas ("Board") wishes to announce that the Company had on 25 March 2024 received a notice in writing dated 25 March 2024 from Messrs. UHY ("UHY") of their resignation as the Auditors of the Company pursuant to Section 281 of the Companies Act 2016.
The resignation of UHY is a voluntary resignation due to the constraint of its resources. Further, the Board also wishes to inform that the Company is not aware of any other matters that need to be brought to the attention of the shareholders of Pasukhas.
The Company is in the midst of identifying new Auditors and further announcement on the engagement of new Auditors will be made by the Company in due course.
This announcement is dated 25 March 2024.
2024-04-29 16:21
Avoid recently 30:1 type of counters. It is PUMP TO DUMP by downsizing the NOSH. Once you are traped, new 1 billion toilet papers will be issued via PP/RI/ESOS. And the share price will drop from 20c to 1c AGAIN after 1 yr. The bad kokperate habits of printing toilet papers is still rampant. Vsolar is propsing to print another 336m of toilet papers again
2024-05-03 09:45
Tak boleh elak selamanya hehehe
https://focusmalaysia.my/man-who-evaded-the-law-for-15-years-charged-with-securities-fraud/
2024-05-10 05:45
greed can make anyone broke. Avoid being greedy
@JJPTR
Avoid recently 30:1 type of counters. It is PUMP TO DUMP by downsizing the NOSH. Once you are traped, new 1 billion toilet papers will be issued via PP/RI/ESOS. And the share price will drop from 20c to 1c AGAIN after 1 yr. The bad kokperate habits of printing toilet papers is still rampant. Vsolar is propsing to print another 336m of toilet papers again
2 weeks ago
2024-05-22 16:58
Tangkap1 by 1 hehe
Bursa Malaysia reprimands, fines former executive director of Advance Information Marketing https://www.thestar.com.my/business/business-news/2024/05/27/bursa-malaysia-reprimands-fines-former-executive-director-of-advance-information-marketing
2024-05-28 20:10
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 11:11
FOR NEWBIES
Announced EX Date Subject Ratio Offer
03 Apr 2023 17 Apr 2023 Share Consolidation 1.0000 : 10.0000
04 Jun 2021 18 Jun 2021 Rights Issue (warrant) 6.0000 : 1.0000 0.1000
25 May 2021 09 Jun 2021 Share Consolidation 1.0000 : 10.0000
27 Mar 2017 06 Apr 2017 Rights Issue 1 : 1 0.1000 View
Multi year losses
https://www.klsescreener.com/v2/stocks/view/0177/pasukhas-group-berhad
Check P/L and Capital Changes
=====================
NOSH = 190,529,247 after share consolidation in Apr 2023
Expect directors to restart and continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc
Expect NOSH to increase and shareholder equity % and EPS to be diluted with massive share issuance in near future
==================
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, etc
===========
Expect Cindy Kate to play the price to attract & trap newbies, punters, fomo oldbies etc
2024-07-17 09:13
duit takda lagi hahaha
Status of Corporate Proposals
Time frame for
Proposed Amount Amount Utilisation Proposed
Amount Utilised Unutilised upon Intended Revised
Purpose RM'000 RM'000 RM'000 Listing Date Time frame Time frame
Development of Yayasan Project 66,683 55,948 10,735 Within 36 months 21 July 2024 21 July 2025
Financing of the Factory Project 31,816 31,816 - Within 12 months
Estimated expenses for the Corporate Exercise 700 700 - Immediate
99,199 88,464 10,735
#
B7. Group Borrowings and Debt Securities
Total
Current Non-Current borrowings
As at 30.9.2024 RM'000 RM'000 RM'000
Secured
Lease liabilities 199 476 675
Islamic medium term notes 1,598 7,952 9,550
1,797 8,428 10,225
Total
Short Term Long Term borrowings
As at 30.6.2024 RM'000 RM'000 RM'000
Secured
Lease liabilities 145 441 586
Islamic medium term notes 1,598 7,927 9,525
1,743 8,368 10,111
B8. Material Litigation
(i)
On 20 Aug 2018, PSB received the Adjudicator Decision pursuant to CIPAA dated 17 August 2018.
The Adjudicator's Decision was as follows:
(a) For the Adjudicated Sum:
(i) The Respondents shall pay to the Claimant the sum of RM4,799,321.99; and
(ii) Interest on the sum of RM4,799,321.99 commencing from 6 February 2018 until full settlement at a rate of 5% per annum.
Save as disclosed below, there were no other corporate proposals announced but not completed at the latest practicable date which is not earlier than seven (7) days from the date of issue of this
interim financial report: -
All borrowings of the Group are denominated in Ringgit Malaysia.
The CIPAA Payment Claim is related to the project known as “Sub-contract for the Supply of Materials, Labour, Machineries, Equipment & Tools for Structural Works Only for Construction
& Completion of Apartment Housing Scheme which includes : (1) Apartment Block A (14 Storey) (i) 13 Storey (130 Units) Apartment (ii) 1 Storey Carpark (iii) 1 unit electrical Sub-station (2)
Apartment Block B (14 Storey) (i) 13 Storey (130 units) Apartment (ii) 1 Storey Carpark (3) 1 Storey Club House and Swimming Pool (4) Guard House On lot 208397, 69040, 69041, 69042
and 69043, Taman Bintang, Bandaraya Ipoh, Mukim Hulu Kinta, Daerah Kinta, Perak Darul Ridzuan for Messrs Empire Multiple Sdn Bhd".
There were no material litigation, involving the Group since the date of the last annual statement of financial position of the Group as at 30 June 2024 up to the date of this interim report, except
for the following:-
On 26 April 2018, PSB had received a letter of acceptance of appointment as adjudicator dated 26 April 2018 from Mr James P Monteiro, the appointed Adjudicator in relation to the
Proposed Terms of Appointment to act as Adjudicator under Section 23(1) of the CIPAA.
PSB had on 28 February 2018 instituted adjudication proceedings under the CIPAA against EMSB and both parties have been unable to agree on an adjudicator to determine the dispute.
On 6 February 2018, the wholly-owned subsidiary of the Company, PSB had served 1 Payment Claim under Section 5 of the Construction Industry Payment & Adjudication Act 2012
(“CIPAA”) against EMSB, claiming total amount of RM6,332,275.63 (“CIPAA Payment Claim”) being outstanding sum due and owing by EMSB.
The Board of Directors ("Board") of the Company wishes to inform that RM22.55 million from the proceeds of the Rights Issue with Warrants have been utilised to reimburse the Company
for the land costs and other expenses incurred prior to completion of the Rights Issue with Warrants.
In the matter of an adjudication between Pasukhas Sdn Bhd (“PSB” or “Claimant”) and Empire Multiple Sdn Bhd ("EMSB” or “Respondent")
The Board of the Company wishes to inform that the proceeds to be use in development of Yayasan Project has yet to fully utilised. The Board requires additional time to utilise the balance
proceeds. The Board has resolved to extend the time frame for the utilisation of the said proceeds for another 12 months period from 21 July 2024 to 21 July 2025.
2 weeks ago
Cash flow statement FOR THE FIRST QUARTER ENDED 30 SEPTEMBER 2024
CURRENT PERIOD PRECEDING PERIOD
TO DATE TO DATE
30.9.2024 30.9.2023
RM'000 RM'000
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax 463 2,148
Adjustments for:-
Amortisation of transaction costs capitalised 25 25
Depreciation of plant and equipment 82 602
Depreciation of investment properties 128 75
Depreciation of right-of-use assets 55 128
Gain on disposal of other investments - (231)
Interest expense 175 240
Interest income (1) (9)
Fair value gain on other investments (2,301) (2,864)
Unrealised gain on foreign exchange - (3)
Operating (loss)/profit before working capital changes (1,374) 111
Increase in inventories - (5)
Decrease in contract assets 6,725 7,794
Increase in trade and other receivables (10,363) (3,816)
Decrease in trade and other payables (7,071) (2,800)
Cash flows (used in)/from operating activities (12,083) 1,284
Interest paid (35) (240)
Income tax refunded - 28
Net cash flows (used in)/from operating activities (12,118) 1,072
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of plant and equipment (140) (13)
Acquisition of other investments - (3,441)
Interest received 1 9
Repayment from an associate 12,072 -
Net cash from/(used in) investing activities 11,933 (3,445)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of lease liabilities (47) (111)
Net repayment of Islamic medium term notes (139) -
Net cash used in financing activities (186) (111)
Net decrease in cash and cash equivalents (371) (2,484)
Effects of foreign exchange translation 2 3
Cash and cash equivalents at beginning of the financial period 9,501 10,973
Cash and cash equivalents at end of the financial period 9,132 8,492
Notes:-
U
2 weeks ago
tunggu siasatan MACC je kini...
Change in Boardroom
PASUKHAS GROUP BERHAD
Date of change 15 Nov 2024
Name MR MAK SIEW WEI
Age 49
Gender Male
Nationality Malaysia
Designation Executive Director
Directorate Executive
Type of change Resignation
Reason
Due to personal reasons
Details of any disagreement that he/she has with the Board of Directors No
Whether there are any matters that need to be brought to the attention of shareholders No
Qualifications
No
Qualifications
Major/Field of Study
Institute/University
Additional Information
Working experience and occupation
Family relationship with any director and/or major shareholder of the listed issuer
Any conflict of interests that he/she has with the listed issuer
Details of any interest in the securities of the listed issuer or its subsidiaries
Announcement Info
Company Name PASUKHAS GROUP BERHAD
Stock Name PASUKGB
Date Announced 15 Nov 2024
Category Change in Boardroom
Reference Number C03-15112024-00009
2 weeks ago
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Good123
Hidden hand gang masih menyokong ;)
14.5sen, 90% buy rate,, kena goreng ka?
2024-01-24 15:43