OCTAGON CONSOLIDATED BHD
KLSE (MYR): OCTAGON (7109)
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OCTAGON CONSOLIDATED BHD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: INDUSTRIAL PRODUCTS & SERVICES INDUSTRIAL PRODUCTS & SERVICES
Subsector: CHEMICALS CHEMICALS
Description
Octagon Consolidated Berhad (Octagon) is a Malaysia-based investment holding company. The Company operates in two business segments: Manufacturing and trading, which is engaged in the manufacturing and trading of customised industrial paints, inks, thinner, hardener, reducer and other related products, and CleanTech, which is engaged in the design, engineer, construct, commission and operate waste to energy and waste tyre pyrolysis plants, research and commercialisation of new technologies for waste management, destruction of waste for the generation of renewable energy and the sale of renewable energy. On May 14, 2010, Green Energy and Technology Sdn. Bhd. (GET), a wholly owned subsidiary of the Company, subscribed 46% interest in Orizon Consolidated Limited (OCL). Some of the subsidiaries of the Company include Durachem Sdn. Bhd., Hexagon Portfolio Sdn. Bhd., Profound Peak Sdn. Bhd., Octagon Industrial Coatings Technology Sdn. Bhd. and Green Energy and Technology Sdn. Bhd.
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Yes still not sure because I am not sure whether there is a room to make an appeal from suspension or not. Because in bursa news, the appeal only refer to de-listing.
Possible suspension is more than 90%.
Luckily no suspension is less than 10%.
Not de-list from market 98%.
De-list from market 2%.
My simple calculation only =)
2013-11-26 00:23
The Board of Directors of Octagon, wishes to inform that Bursa Securities had vide its letter dated 23 December 2013 decided to allow Octagon’s appeal and granted an extension of time until 18 February 2014 as requested by the Company to submit the regularisation plan to the relevant authorities for approval. Good news to note.
2013-12-23 21:06
Time is up for Octagon to submit regularization plan by today.
It is noted that Bursa hasn't approved for extension as of now.
2014-02-18 10:28
i read some news about octagon in the newspaper today. the sun. maybe its a good news
2014-02-19 09:29
News from Oriental Daily:
八方旺以现金及发股偿债
财经 2014年2月18日
(吉隆坡18日讯)八方旺组合（Octagon，7109，主板工业股）子公司Advanced Pyrotech私人有限公司与金融机构债权人签署债务偿还修正协议，以重组其1亿8260万令吉的债务，这也相等於该公司债务总额的80%。
在获得金融机构债权人同意修改偿还协议之下，八方旺组合目前可以展开其资本重整，集资及多元化至澳洲採铜矿业务，以便改善公司的表现。
这项偿还协议將是公司重组的关键。该公司將通过现金及发行新股，以偿还这笔总数1亿8260万令吉的债务。
现金部份为4806万令吉，其中2000万令吉將通过脱售厂房及资產获得。其余的2806万令吉则將通过公司早前宣布的集资金计划取得。至於发行新股附送凭单的部份，则佔667万令吉。
八方旺组合的重组计划包括，引入白武士马来西亚铜矿私人有限公司，將业务多元化至澳洲的採矿业务。【东方网财经】
2014-02-19 13:36
MataSeri, tu la, gua ada dengar cam ada something interesting ... tapi la ni cam tenggelam ja ...
2014-02-24 09:08
yes. i think the source also tells the same story to me. but, i dont know whether they get the extension or not.
2014-02-24 09:15
extension not yet approved by bursa.
external auditors have expressed disclaimer in latest audit.
2014-02-28 10:58
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2013-11-26 00:05