PERMAJU INDUSTRIES BHD
KLSE (MYR): PERMAJU (7080)
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Last Price
0.045
Today's Change
0.00 (0.00%)
Day's Change
0.045 - 0.05
Trading Volume
216,300
Overview
Market Cap
87 Million
NOSH
1,943 Million
Avg Volume (4 weeks)
1,143,778
4 Weeks Range
0.045 - 0.065
4 Weeks Price Volatility (%)
0.00%
52 Weeks Range
0.035 - 0.075
52 Weeks Price Volatility (%)
25.00%
Previous Close
0.045
Open
0.05
Bid
0.045 x 13,344,700
Ask
0.05 x 8,454,100
Day's Range
0.045 - 0.05
Trading Volume
216,300
Financial Highlight
Latest Quarter | Ann. Date
31-Mar-2023 [#3] | 30-May-2023
Next QR | Est. Ann. Date
30-Jun-2023 | 25-Aug-2023
T4Q P/E | EY
-3.59 | -27.82%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.14 | 0.32
T4Q NP Margin | ROE
-56.62% | -9.02%
Market Buzz
Company Profile
Sector: CONSUMER PRODUCTS & SERVICES
Sector: CONSUMER PRODUCTS & SERVICES
Subsector: AUTOMOTIVE
Subsector: AUTOMOTIVE
Description:
Permaju Industries Bhd is Malaysia-based investment holding firm. The company is primarily engaged in sales and distribution of automobile vehicles. The company operates in four business segments namely; Timber segment comprises of sale of timber logs and related timber products and holding of timber concession and tree plantation; Automobile comprises of sale and distribution of motor vehicles and provision of related services which also contributes a major part of revenue; Property segment consists of development and construction of property, and Other segment involved in group level corporate services and investment holding activity. Most of its revenue comes from the Malaysian market.
Discussions
8 people like this. Showing 50 of 7,091 comments
FOR NEWBIES
EDUSPEC & DOLPHIN are the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 13 January 2023.
===================
Be careful trading high NOSH low price penny stocks
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 due to the corporate exercises
List of penny stocks with shares consolidation :-
2023 proposal in progress - MERIDIAN, VSOLAR, DOLPHIN, 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,.........
====================
TAYOR, don't be caught in share consolidation exercise
2023-01-17 09:32
NOSH
Dec 2022 = 1,936,720,778
Dec 2021 = 1,922,131,258
Dec 2020 = 552,604,722
Directors busy with shares issuance to raise more money but failed in generating business resulting in multi-year losses
Expect directors to raise more fund via shares issuance to PP, ESOS or for asset acquisition in near future
2023-01-17 09:34
Board Of Directors
JEAN-MICHEL FINK
Germany, Male, 37
Independent Non-Executive Chairman
Product Manager with more than 10 years of experience in medium sized companies and multinational companies in the automation and electrical industry. Primary focused on strategic product management, project development and business development.
He graduated in Bachelor degree of the University of Applied Sciences Hannover and a Master degree at the University of Wilhelmshafen, Oldenburg, Elsfleth
TANG BOON KOON
Malaysia, Male, 51
Executive Director
Mr. Tang has more than 28 years of working experience in the Information, Communication & Technology industry, and his expertise range from technical, marketing, business development, operation to corporate management, and finance. He has successfully held a number of senior management roles in various public listed companies in countries such as Malaysia, Hong Kong and New Zealand. Prior joining mTouche Technology Berhad, Permaju Industries Berhad, Pasukhas Group Berhad, Joe Holdings Berhad and Meridian Berhad, Mr. Tang was the Chief Operation Officer of MyKris Limited, a company listed on the New Zealand Alternative Exchange (NZAX).
He received an undergraduate degree from Federal Institute of Technology and an MBA from Wawasan Open University Sdn. Bhd
PATRICK TING
Singapore, Male, 60
Executive Director
Mr Ting started his career in the United States of America in IT at one of the major Telco Company in U.S.A and at Morgan Stanley NYC. before moving back to Asia in the early 90s to start a career in new start-ups, corporate re-structuring, change and strategic management; management consulting and M&A in a wide range of industries across Asia Pacific and Indo China. He has held top management position for the last 25+ years either as MD, COO and/or CEO at various companies.
He has a Degree in Decision Management System from University of Maryland – U.S.A. & A Master of Business Management in International Business from George Washington University – U.S.A.
MARK CHEW SHIN YONG
Singapore, Male, 52
Independent and Non Executive Director
In 1997, Mr. Chew Shin Yong, Mark ("Mr. Chew") joined the Malahon Group of Companies in their stockbroking division, Malahon Securities Limited. He was then appointed as their Director in 2002, having been a registered dealer with the Hong Kong Exchanges and the Securities and Futures Commission of Hong Kong. Mr. Chew co-founded Mejority Capital Limited in 2012 and as a Principal, was actively involved in the firm's public equity business via Mejority Securities Limited, a participant of the Stock Exchange of Hong Kong. He was also responsible for setting up Messaging Technologies (H.K.) Limited which is a subsidiary of M3 Technologies (Asia) Berhad and is involved in its daily operations. On 27 February 2008, he was appointed as the Executive Chairman of M3 Technologies (Asia) Berhad. He also has interests in various private limited companies in countries outside Malaysia which are involved in various businesses. Mr. Chew was appointed as an Independent Non-Executive Director of Permaju Industries Berhad on 4 October 2017.
HO PUI HOLD
Malaysia, Male,
Independent and Non Executive Director
Mr Ho has accumulated more than 10 years of working experience in the accounting, auditing and banking industry. He has been admitted as a fellow of Association of Chartered Certified Accountants in 2013 and he is also a memberof the Malaysian Institute of Accountants.
Corp_governance_image1_edited.jpg
Key Management Team
MARCUS HON
Malaysia, Male, 37
Chief Executive Officer
Mr Hon has more than 15 years of work experience in the Automotive and Agricultural industry specializing in automotive engineering, plantation management, business development and corporate management. Starting his career in Australia with Exxon Mobil before moving into the automotive industry with Toyota Motor Corporation for 8 years (Australia, Japan and Europe) in the fields of quality, production and design engineering. He later moved back to Asia and gained experience in the agriculture and agricommodity industry, specializing in the fields of Plantation Setup and Management, Crop Diversification as well as Precision Agriculture.
He graduated with a Degree of Industrial Engineering and Engineering Management from Monash University, Melbourne, Australia.
YEE YIT YANG
Malaysia, Male, 54
Group Financial Controller
Mr Yee Yit Yang began his career with an international accounting firm and then moved on to an investment bank in which he was involved with various corporate restructuring exercises. Currently, he is attached with a private consultancy firm.
He is a member of the Malaysia Institute of Accountants. He is an Independent and Non-Executive Director of Mlabs Systems Berhad, Key Alliance Group Berhad and Vertice Berhad (formerly known as Voir Holdings Berhad).
2023-01-25 16:20
Permaju punya meridian :)
GENERAL MEETINGS: Outcome of Meeting
MERIDIAN BERHAD
Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 22 Dec 2022
Time 10:00 AM
Venue(s) Online meeting platform (https://bit.ly/3guJidw)
Level 5, Tower 8, Avenue 5, Horizon 2, Bangsar South City
59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
Malaysia
Outcome of Meeting
On behalf of the Board of Directors of Meridian Berhad (“Meridian” or the “Company”), Malacca Securities Sdn. Bhd. wishes to announce that the shareholders of the Company had approved all the resolutions set out in the Notice of Extraordinary General Meeting (“EGM”) dated 30 November 2022, at the EGM of the Company held on 22 December 2022.
The resolutions were passed by way of poll and the results of the poll were validated by U Search Management Services, being the Independent Scrutineer appointed by the Company.
This announcement is dated 22 December 2022.
Voting Results
1. ORDINARY RESOLUTION 1
Description PROPOSED COLLABORATION BETWEEN MERIDIAN AND M101 HOLDINGS SDN BHD ("M101") TO FACILITATE THE LICENSE AGREEMENT FOR MERIDIAN'S DEVELOPMENT AND OPERATION OF A WATER PARK ("PROPOSED COLLABORATION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 3
No. of Shares 329,013,726 3,001
% of Voted Shares 99.9991 0.0009
Result Accepted
2. ORDINARY RESOLUTION 2
Description PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,190,746,395 NEW ORDINARY SHARES IN MERIDIAN ("MERIDIAN SHARES" OR "SHARES") ("RIGHTS SHARES") TOGETHER WITH UP TO 595,373,197 FREE DETACHABLE WARRANTS ("WARRANTS D") TO THE ENTITLED SHAREHOLDERS OF MERIDIAN, ON THE BASIS OF 10 RIGHTS SHARES TOGETHER WITH 5 WARRANTS D FOR EVERY 2 CONSOLIDATED SHARES (AS DEFINED HEREIN) HELD BY THE ENTITLED SHAREHOLDERS OF MERIDIAN ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 15 6
No. of Shares 328,196,521 820,202
% of Voted Shares 99.7507 0.2493
Result Accepted
3. ORDINARY RESOLUTION 3
Description PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF MERIDIAN AND ITS SUBSIDIARIES ("MERIDIAN GROUP" OR THE "GROUP") TO INCLUDE LEISURE AND HOSPITALITY BUSINESSES ("PROPOSED DIVERSIFICATION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 18 3
No. of Shares 329,013,722 3,001
% of Voted Shares 99.9991 0.0009
Result Accepted
4. ORDINARY RESOLUTION 4
Description PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTIONS SCHEME ("SCHEME") INVOLVING UP TO 15% OF THE TOTAL ISSUED SHARES (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME DURING THE DURATION OF THE SCHEME ("PROPOSED ESOS")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 6
No. of Shares 328,196,621 820,106
% of Voted Shares 99.7507 0.2493
Result Accepted
5. SPECIAL RESOLUTION 1
Description PROPOSED CONSOLIDATION OF EVERY 4 MERIDIAN SHARES INTO 1 CONSOLIDATED MERIDIAN SHARE ("CONSOLIDATED SHARE") ("PROPOSED SHARE CONSOLIDATION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 15 6
No. of Shares 328,196,521 820,202
% of Voted Shares 99.7507 0.2493
Result Accepted
Announcement Info
Company Name MERIDIAN BERHAD
Stock Name MERIDIAN
Date Announced 22 Dec 2022
Category General Meeting
Reference Number GMA-21122022-00001
Corporate Action ID MY221221MEET0001
2023-01-26 07:26
Permaju needs to fork out money4meridian right issue,, Hidden hand gang sungguh hebat
2023-01-26 08:10
Q3, 2022// dah ~breakeven... fair value loss in other investment... quoted shares in meridian kot? haha
Current Year Preceding Year Current Year Preceding Year
Quarter Quarter To-Date To-Date
Note 30.09.2022 30.09.2021 30.09.2022 30.09.2021
RM'000 RM'000 RM'000 RM'000
Unaudited Unaudited Unaudited Unaudited
Revenue 9,752 4,540 9,752 4,540
Cost of sales (8,292) (4,258) (8,292) (4,258)
Gross profit 1,460 282 1,460 282
Other income 627 271 627 271
Fair value loss on other investment (7,301) 4,355 (7,301) 4,355
Selling and marketing expenses (330) (234) (330) (234)
Administrative expenses (1,990) (1,741) (1,990) (1,741)
Other expenses (199) (226) (199) (226)
Operating (loss)/profit (7,733) 2,707 (7,733) 2,707
Finance costs (137) (97) (137) (97)
(Loss)/ Profit before tax (7,870) 2,610 (7,870) 2,610
Income tax expense 20 20 20 20
(Loss)/Profit for the period 19 (7,850) 2,630 (7,850) 2,630
for the period, net of tax - - - -
(Loss)/Profit attributed to
- Owners of the company (7,850) 2,630 (7,850) 2,630
- Non-controlling interests - - - -
(7,850) 2,630 (7,850) 2,630
Total comprehensive (loss)/profit attributed to
- Owners of the company (7,850) 2,630 (7,850) 2,630
- Non-controlling interests - - - -
(7,850) 2,630 (7,850) 2,630
Basic/diluted (loss)/profit per share attributable
to owners of the Company :
Basic/diluted (loss)/profit per share for the
period (sen) 0.28 (0.49) (0.49) 0.28
Individual Quarter Cumulative Quarter
P
2023-01-26 09:37
Bila mau laksanakan? :)
MEMORANDUM OF UNDERSTANDING PERMAJU INDUSTRIES BERHAD ("PIB" OR "COMPANY") - QUARTERLY UPDATE ON THE STATUS OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN MALAYSIAN COCOA BOARD AND GENBAYU GEMILANG SDN. BHD.
PERMAJU INDUSTRIES BERHAD
Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description PERMAJU INDUSTRIES BERHAD ("PIB" OR "COMPANY")
- QUARTERLY UPDATE ON THE STATUS OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN MALAYSIAN COCOA BOARD AND GENBAYU GEMILANG SDN. BHD.
Reference is made to the Company’s announcement made on 23 June 2022. Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 23 June 2022.
The Board of Directors of PIB wishes to announce that there has been no material development pertaining to the MOU entered by GGSB, a wholly-owned subsidiary of the Company, with MCB.
This announcement is dated 25 August 2022.
Announcement Info
Company Name PERMAJU INDUSTRIES BERHAD
Stock Name PERMAJU
Date Announced 25 Aug 2022
Category General Announcement for PLC
Reference Number GA1-24082022-00022
2023-01-26 09:49
LIST OF TOP 30 LARGEST SECURITIES ACCOUNTS HOLDERS
(BASED ON REGISTER OF DEPOSITORS AS AT 26 SEPTEMBER 2022)
NO. NAME OF SHAREHOLDERS
NO. OF
SHARES
Percentage
(%)
1 CUBETECH ASIA SDN BHD 320,000,000 16.55
2 AE MULTI INDUSTRIES SDN BHD 68,855,600 3.56
3 PERUSAHAAN SAUDEE SDN BHD 60,963,500 3.15
4 TAN LI LI 52,300,000 2.70
5 LAI YEE LING 50,050,000 2.59
6 HSBC NOMINEES (ASING) SDN BHD
EXEMPT AN FOR MORGAN STANLEY & CO. INTERNATIONAL PLC (IPB
CLIENT ACCT)
44,454,300 2.30
7 CGS-CIMB NOMINEES (ASING) SDN BHD
EXEMPT AN FOR CGS-CIMB SECURITIES (SINGAPORE) PTE. LTD.
(RETAIL CLIENTS)
44,308,900 2.29
8 CGS-CIMB NOMINEES (ASING) SDN BHD
EXEMPT AN FOR CGS-CIMB SECURITIES (HONG KONG) LIMITED
(FOREIGN CLIENT)
44,189,300 2.29
9 M & A NOMINEE (TEMPATAN) SDN BHD
SANSTON FINANCIAL GROUP LIMITED FOR TAN SIK EEK
39,050,000 2.02
10 M & A NOMINEE (TEMPATAN) SDN BHD
SANSTON FINANCIAL GROUP LIMITED FOR YONG KET INN
32,050,000 1.66
11 PASUKHAS PROPERTIES SDN BHD 28,529,400 1.48
12 HSBC NOMINEES (ASING) SDN BHD
EXEMPT AN FOR BNP PARIBAS (LONPBCLR-3PTY)
27,649,000 1.43
13 MERCSEC NOMINEES (ASING) SDN BHD
EXEMPT AN FOR JVSAKK ASIA LIMITED (CLIENTS)
23,500,000 1.22
14 TOH EAN HAI 20,000,000 1.03
15 CARTABAN NOMINEES (ASING) SDN BHD
BARCLAYS BANK PLC (RE EQUITIES)
19,605,800 1.01
16 YONG CHOO KIONG 19,000,000 0.98
17 TAI YOK YEN 15,910,000 0.82
18 M & A NOMINEE (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR SOH CHOH PIAU (M&A)
15,410,000 0.80
19 TAN YOKE CHEONG 14,550,000 0.75
20 CHOONG YEAN YAW 14,507,100 0.75
21 MIDF AMANAH INVESTMENT NOMINEES (ASING) SDN BHD
FOR LAZARUS SECURITIES PTY LTD FOR LAZARUS CAPITAL
PARTNERS GLOBAL EQUITIES FUND
12,800,000 0.66
22 QUEK YONG WAH 11,700,000 0.61
23 TING KWONG KEONG 11,300,000 0.58
24 QUEK JIA YI 10,900,000 0.56
25 LIM SIEW CHING 9,700,000 0.50
26 LIM HONG HSIUNG 9,550,000 0.49
27 LEOW HONG YEN 9,300,000 0.48
28 AFFIN HWANG NOMINEES (ASING) SDN BHD
DBS VICKERS SECS (S) PTE LTD FOR KGI SECURITIES (SINGAPORE)
PTE. LTD.
9,035,600 0.47
29 PASUKHAS PROPERTIES SDN BHD 9,000,000 0.47
30 WEE KOK CHUAN 8,650,000 0.45
2023-01-26 11:14
Modus operandi of many loss making penny stocks
1. Directors fail in generating business profit
2. Multi year losses, multi quarter losses
3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition
4. Directors utilise most of the fund raised
5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue
6. Repeat step 1 to 5
2023-02-04 22:41
08-Feb-2023 09-Feb-2023 Conversion of Preference Shares 1,500,000 0.220
23-Nov-2022 24-Nov-2022 Conversion of Preference Shares 1,000,000 0.220
15-Nov-2022 16-Nov-2022 Conversion of Preference Shares 1,800,000 0.220
31-Oct-2022 01-Nov-2022 Conversion of Preference Shares 55,000 0.220
16-Aug-2022 17-Aug-2022 Conversion of Preference Shares 340,909 0.220
24-Jun-2022 27-Jun-2022 Conversion of Preference Shares 750,000 0.220
03-Jun-2022 07-Jun-2022 Conversion of Preference Shares 200,909 0.220
20-May-2022 23-May-2022 Conversion of Preference Shares 1,225,000 0.220
12-May-2022 13-May-2022 Conversion of Preference Shares 680,000 0.220
27-Apr-2022 28-Apr-2022 Conversion of Preference Shares 2,026,000 0.220
2023-02-09 09:14
ANYTHING RELATED TO EDDIE CHAI, LARI CEPAT... ANZO DAH TERBUKTI...BANGUNLAH KIMAK
2023-02-16 21:52
tunggu konsolidasi macam pasukhas.................dana dari right issue pun dah diselewengkan terutamanya dalam sykt penny stok yang asyik mengalami kerugian, dll
2023-02-24 18:23
bursa should set up SOP, those PLCs' share price remained below 20sen for 6 months onwards, should be consolidating its shares
2023-02-24 21:24
so many rubbish stocks on bursa... reportedly manipulated by hidden hand group
2023-02-24 21:25
Boss sudah lama tidur... Bila mau bangun... Kasi excersize sikit... Baru sihat...!!!!!!!!!
2023-02-28 09:40
eddie dah nak mampus dah... puak tersebut dibongkarkan kini
https://thecorporatesecret.com/blog/2023/03/09/selepas-victor-chin-fail-peguam-mafia-korporat-chong-loong-men-pula-terbongkar/
2 months ago
FOR NEWBIES
NOSH = 1,939,395,778 (almost 2 BILLION shares)
PA = 810,370,966 (almost 1 BILLION rculs)
WA = 103,712,699
Maturity 2025-08-13
Strike value 0.2300 (damn high conversion price)
https://www.klsescreener.com/v2/stocks/view/7080/permaju-industries-bhd
==============
Almost 3 BILLION shares and RCULS combined
Too heavy to goreng to high price.
Most likely 1 day monkey show
================
Directors failed miserably in generating profits from business operations
In last 18 years, there are 17 years of annual losses !!!
Directors could continue to raise fund via shares issuance to PP, ESOS or to acquire assets from friendly parties
Be careful of high NOSH loss making penny stocks
Directors have power to propose share consolidation and raise more funds via rights issue with free warrants
================
TAYOR
2 months ago
FOR NEWBIES
https://www.bursamalaysia.com/market_information/announcements/company_announcement#/?category=all
==============
A. Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
MERIDIAN BERHAD
Particulars of substantial Securities Holder
Name PERMAJU INDUSTRIES BERHAD
1 16 Dec 2021 5,165,900 Acquired Indirect Interest
Name of registered holder ICONWORLD RESOURCES SDN. BHD.
2 23 Dec 2021 10,000,000 Acquired Indirect Interest
Name of registered holder ICONWORLD RESOURCES SDN. BHD.
3 24 Dec 2021 10,000,000 Acquired Indirect Interest
Name of registered holder ICONWORLD RESOURCES SDN. BHD.
4 27 Dec 2021 10,000,000 Acquired Indirect Interest
Name of registered holder ICONWORLD RESOURCES SDN. BHD.
Indirect/deemed interest (units) 190,000,000
Indirect/deemed interest (%) 25.216
Date of notice 29 Dec 2021
============
B. Notice of Person Ceasing (Section 139 of CA 2016)
PNE PCB BERHAD
Particulars of Substantial Securities Holder
Name PERMAJU INDUSTRIES BERHAD
Name of registered holder Iconworld Resources Sdn. Bhd.
Date of cessation 14 Dec 2021
No of securities disposed 22,000,000
Date of notice 17 Dec 2021
==============
C. Notice of Interest Sub. S-hldr (Section 137 of CA 2016)
MTOUCHE TECHNOLOGY BERHAD
Particulars of Substantial Securities Holder
Name PERMAJU INDUSTRIES BERHAD
Name of registered holder Iconworld Resources Sdn. Bhd.
Date interest acquired 10 Jun 2021
No of securities 185,050,000
Indirect/deemed interest (units) 185,050,000
Indirect/deemed interest (%) 19.97
Date of notice 14 Jun 2021
===============
Be aware of company investment in other loss making penny stocks
Most likely carrying huge paper losses now
2 months ago
can Bursa explain why some penny stock has direct business transaction at RM0.005 while the market is trading at RM0.05?? This is sure win game for the buyers at RM0.005 off market.. then can sell at open market at RM0.05... untung 10x ... i want it too...
2 months ago
insiders bought at 0.005 and creating 0.065 now for you to buy from them :) mari2 tengok2.... mari2pilih....
2 months ago
there was one uncle told me history about permaju. it was great goreng counter last time while social media not so popular
2 months ago
Listing Date:30-Mar-2023
New Type/Class:No
Type:Conversion of Preference Shares
Details:Conversion of Irredeemable Convertible Preference Shares to Ordinary Shares
No. of shared issued:1,350,000
Issue Price:MYR 0.220
2 months ago
FOR NEWBIES
NOSH = 1,939,395,778
PA = 810,370,966
WA = 103,712,699
Too many shares, PA and warrant combined (almost 3 BILLION !!!)
Too few buyers
Not easy to push up price
Multi-year loss making company
Are directors capable of generating profits from business operation?
Or directors only capable to issue shares, PA and warrant to bring in fund at expense of shareholders?
TAYOR, set realistic target, remember to take profit
1 month ago
FOR NEWBIES
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
MERIDIAN BERHAD
Particulars of substantial Securities Holder
Name PERMAJU INDUSTRIES BERHAD
Name of registered holder ICONWORLD RESOURCES SDN. BHD.
Indirect/deemed interest (units) 190,000,000
Indirect/deemed interest (%) 25.216
Date of notice 29 Dec 2021
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3223047
=========================
Announced EX Date Subject Ratio Offer
07 Feb 2023 20 Feb 2023 Share Consolidation 1.0000 : 4.0000
https://www.klsescreener.com/v2/stocks/view/5040/meridian-berhad
Permaju indirect interest incur huge paper losses due to share consolidation of Meridian in Feb 2023
======================
Beware of loss making penny stock directors using company fund (from fund raising) to invest in other penny stocks
1 month ago
Notice of Interest Sub. S-hldr (Section 137 of CA 2016)
MTOUCHE TECHNOLOGY BERHAD
Particulars of Substantial Securities Holder
Name PERMAJU INDUSTRIES BERHAD
Subscription of shares pursuant to Rights Issue with Warrants Exercise by Iconworld Resources Sdn. Bhd. a wholly owned subsidiary of Permaju Industries Berhad.
Indirect/deemed interest (units) 185,050,000
Indirect/deemed interest (%) 19.97
Date of notice 14 Jun 2021
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3167158
====================
Beware of loss making penny stock directors using company fund to subscribe to rights issue of other penny stock
===================
MTOUCHE corporate exercises
Announced EX Date Subject Ratio Offer
20 Apr 2021 04 May 2021 Rights Issue (warrant) 6.0000 : 1.0000
07 Apr 2021 20 Apr 2021 Share Consolidation 1.0000 : 10.0000
https://www.klsescreener.com/v2/stocks/view/0092/mtouche-technology-berhad
===================
Huge losses due to MTOUCHE share consolidation and rights issue of 0.10 per share
===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance
===============
TAYOR
1 month ago
FOR NEWBIES
MMAG is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 18 May 2023
===================
Be careful trading high NOSH low price penny stocks
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 :-
2023 in progress - MMAG, VSOLAR, DOLPHIN, TECHNAX
2023 completed = 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,.........
====================
TAYOR, don't be caught in share consolidation exercise
3 weeks ago
FOR NEWBIES
Another quarterly losses
Profit/(loss) for the period -7,319,000
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3356978
https://www.klsescreener.com/v2/stocks/view/7080/permaju-industries-bhd
===============
Multi quarter, multi year loss making penny stock
Directors have more reasons to raise more fund via share issuance to PP, ESOS
Retail investors will see dilution of their shareholding equity % and EPS, if any
================
NOSH = 1,942,935,378 (2 BILLION shares coming soon)
PA = 794,796,726
WA = 103,712,699
Maturity 2025-08-13
Strike value 0.2300
=====================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance
===============
TAYOR
1 week 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....
leedavid
Involve issuance of new type/class of securities ? No
Types of corporate proposal Conversion of Preference Shares
Details of corporate proposal Conversion of Irredeemable Convertible Preference Shares to Ordinary Shares
No. of shares issued under this corporate proposal 1,800,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.2200
Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000
2023-01-17 08:16