LONDON BISCUITS BHD
KLSE (MYR): LONBISC (7126)
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Last Price
0.02
Today's Change
0.00 (0.00%)
Day's Change
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Profile
LONDON BISCUITS BHD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: CONSUMER PRODUCTS & SERVICES CONSUMER PRODUCTS & SERVICES
Subsector: FOOD& BEVERAGES FOOD& BEVERAGES
Description
London Biscuits Bhd is the manufacturer of assorted cake confectionery, candy confectionery, wafers and assortment of snack confectionery. The business operates in segments that include Manufacturing and Trading, Others, and Eliminations. The Manufacturing and Trading segment generates maximum revenue for the company. Its product line is categorized into various categories that are Cake Confectionery; which includes roll, layer and pie cakes, Candy Confectionery; which includes chewy, deposited, tablet and hard candies, Potato Chips; which include chips in various flavors, and Snack Confectionery; which includes extruded corn snacks, jellies, and puddings.
Address
No 1, Jalan Istimewa 2 Taman Perindustrian Desa Cemerlang, Ulu Tiram, Johor Darul Takzim 81800, Malaysia
+6078615288
Discussions
6 people like this. Showing 50 of 3,249 comments
already being warned. some believe fairy tale that this stock will up. whoever buy, take it as your lesson. there is no free lunch in this word. do study before lose your hard earned money. unless u like to lose. haha
2020-01-21 18:28
Narialse The time for the aussie fund or anyone in charge to show that they have a credible ability to turn the company around was during the hearing for the winding up petition. Now that judgement has been passed, the company effectively out of business and any directors have no say in the day to day activity. All power resides in the liquidator who will now sell off for any assets the companies owns to the highest bidder. These assets include any recipes and trademarks the London Biscuits own.
The cheapest option for any 'white knight' who wants to save the company now is to form a new company and buy all these assets including IP such as recipes and product names from the liquidator at these discounted rates and sell them as their own.
no need to pay bank loans of RM300M+ ah?
2020-01-22 05:10
That's why no point to save the shareholders, if you have the money, just form a new company and buy the IP etc at firesale from the liquidator. For sure it's not worth RM 330million.
2020-01-22 07:42
Because the company's stopped work, having it's assets sold off and will be dissolved. Look up court ordered winding up process.
2020-01-22 10:47
CharlesT, NO COMPANY EVER DARE TO TAKE OVER. Valuation of assets need time. All debts with be compounded with interest.
But I think they have swapped to kheesan
2020-01-22 11:25
Alvin Tsk now bones also gone....all gone .....I think u desperately need an ambulance
2020-01-23 21:12
its cheaper to liquidate.
branding is cheap in internet age.
does not cost much to build up a brand.
you should have sold when there was some value at 8 sen and above...
2020-01-23 21:17
As shareholder, still not too late to go collect scrap metal from london biscuit site right ?? lol
Need to break even ... hehe
2020-01-24 07:31
OMG all gone with no chance to rebound...its like throwing hard earned money into the Deep Red Sea...human greeds kills ...
2020-01-24 18:02
Already gave ample warning to sell London Biscuit on 13 Jan 2020
See
Posted by calvintaneng > Jan 13, 2020 11:12 AM | Report Abuse X
SELL LONDON BISCUIT BEFORE IT CLOSED SHOP LIKE UTUSAN
THEN SEE
LOOK AT THESE FACTS
1) AUGUST 2019
NETX DIRECTORS USE ASIABIO TO BUY 103 MILLION NETX SHARES FROM OPEN MARKET
2) PP WHICH SHOULD BE POSTPONED TO JAN WERE URGENTLY BROUGHT FORWARD TO NOV 2019 & EAGERLY ALL TAKEN UP AT 1.89 SEN
3) IN DECEMBER 2019 EMPLOYEES OF NETX EAGERLY TOOK UP 50 MILLION NETX SHARES at 2 SEN
WHILE OUTSIDERS AND NAYSAYERS TALK AND TALK BAD ABOUT NETX INSIDERS/DIRECTORS OF NETX JUST BUY AND BUY
ANY ONE HERE TOOK CALVIN KIND ADVISE & SWITCHED TO NETX?
2020-01-24 18:30
5 mil loan default , 7 mil mafket capl only ...looks.like a bye bye american pie ...
2020-01-25 20:35
Kinos Industries still operational!! So still got chance that we get something from there ... So why worry?? lol
2020-01-26 15:38
Yes, the outcome of the EGM on 23 January is null and void because the company is being wound up. If you have money in this company, it is as good as gone.
2020-01-29 18:36
Just sue past auditors, bod and management since no action by relevant authorities.
2020-01-30 07:10
To a degree yes, but if you bought after the winding up order was given, you only have yourself to blame.
2020-01-30 11:52
We refer the Company’s previous announcements dated 18 September 2019, 30 September 2019, 7 October 2019, 21 October 2019, 23 October 2019, 24 October 2019, 21 November 2019, 3 December 2019, 6 December 2019, 31 December 2019, 7 January 2020 and 13 January 2020 (“Announcements”). Unless otherwise defined in this announcement, the terms used herein shall have the same meaning as defined in the Announcements.
The Company wishes to announce that the liquidator has set 02 March 2020 for parties interested in the Company’s assets and businesses to submit bids or proposals.
The Company will make necessary announcements as and when there are further developments.
This announcement is dated 06 February 2020.
2020-02-06 19:24
What happens on 2nd march is the liquidator will lelong the company's assets to the highest bidder. The proceeds of which will be used to pay the company's debts. The total assets of the company cannot cover the total debts so the shareholders will be left with nothing.
2020-02-06 20:35
"London" brand is belonged to which company? In Thai, packaging stated manufactured by Kheesan. Liquidator owes to list down all receivables written off.
2020-02-20 09:24
go bangkrap la.. for what you sent stupid letter to me. told to damn vote la, you think your company cake taste good meh? walao eh..
2020-02-20 10:23
Just wonder now all biscuits is selling hot as we can see at anywhere shop market 99 all keep buying biscuits.
I wonder Hupseng and London biscuits can made a super big money in the future?
2020-03-30 13:09
Waiting for 2021,even hopeless...for this company only sell products in few store
2020-05-04 23:23
london biscuit was a good profit company but company owner misdoing wrong investment at singapore and make alot of losses there...
2020-07-11 20:55
I am one lot shareholder of London biscuit and in the end and get nothing in return.
2021-06-26 09:47
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Narialse
The time for the aussie fund or anyone in charge to show that they have a credible ability to turn the company around was during the hearing for the winding up petition. Now that judgement has been passed, the company effectively out of business and any directors have no say in the day to day activity. All power resides in the liquidator who will now sell off for any assets the companies owns to the highest bidder. These assets include any recipes and trademarks the London Biscuits own.
The cheapest option for any 'white knight' who wants to save the company now is to form a new company and buy all these assets including IP such as recipes and product names from the liquidator at these discounted rates and sell them as their own. Where this leaves shareholders of London Biscuits is shit out of luck because why would you buy shares in a company that is being wound up? Or why would you 'invest' in a company without finding out what a winding up order actually means? Answer is you were gambling. Poorly.
2020-01-21 13:31