|
| |
Overview
Financial Highlight
Headlines
Business Background 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.
  Joe Hi everyone... Time is right to buy PERMAJU a little and hold.. Expecting it to goreng soon... 22/11/2022 11:01 AM Joe Jangan beli banyak banyak...tapi sikit sikit... boleh cuba lah... Mungkin big boss ada plan yang bagus untuk syarikat.... 22/11/2022 11:09 AM whistlebower99 FOR NEWBIES Multi year loss making company Another quarter of losses Profit/(loss) attributable to ordinary equity holders of the parent -7,850,000 ============ NOSH = 1,936,720,778 PA = 822,140,966 WA = 103,712,699 https://www.klsescreener.com/v2/stocks/view/7080/permaju-industries-bhd ============= Be careful holding high NOSH multi year loss making penny stocks, many of which had undergone shares consolidation resulting in huge losses to retail shareholders =============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance ============= TAYOR, set realistic target 06/12/2022 4:07 PM leedavid The Board of Directors of Permaju (the “Board”) wishes to announce that Permaju Plantation Sdn Bhd (formerly known as Rintisan Bumi (M) Sdn Bhd) (“PPSB”) [Registration No. 199401018328 (304007-P)], a wholly-owned subsidiary of the Company, had on 28 December 2022, entered into a Cooperation Agreement (the “Agreement”) with Felcra Bekalan & Perkhidmatan Sdn Bhd (“FBPSB”) [Registration No. 200001004141 (506746-D)], to carry out the Project and the Permitted Activities, by managing and operating an agriculture park including access roads, drains and other infrastructure complete with necessary amenities of which is to be known as Agro Park Seberang Perak Project (“Project Works”) on a piece of land measuring approximately 634,470 square meters held under H.S.(D) 14932, PT9424, Mukim Pasir Salak, Daerah Perak Tengah, Negeri Perak with the address at Lot PT 9424 at Daerah Seberang Perak, Negeri Perak (the “Land”) which shall be focusing on agriculture activities such as planting, cultivating, harvesting crops and livestock for raw consumable supplies (“Permitted Activities”) (the “Project”), in accordance with the provisions of this Agreement. 29/12/2022 8:05 AM leedavid PERMAJU INDUSTRIES BERHAD ("PIB" OR "COMPANY") - QUARTERLY UPDATE ON THE STATUS OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN HARDIE DEVELOPMENT SDN BHD ("HDSB") AND OCR CONSTRUCTION SDN BHD ("OCCSB") 04/01/2023 7:55 AM mrupai company mission to achieve 1 trillion total shares like international giant...? 09/01/2023 8:45 AM leedavid The Board of Directors of Permaju (the “Board”) wishes to announce that Permaju Plantation Sdn Bhd (formerly known as Rintisan Bumi (M) Sdn Bhd) (“PPSB”) [Registration No. 199401018328 (304007-P)], a wholly-owned subsidiary of the Company, had on 28 December 2022, entered into a Cooperation Agreement (the “Agreement”) with Felcra Bekalan & Perkhidmatan Sdn Bhd (“FBPSB”) [Registration No. 200001004141 (506746-D)], to carry out the Project and the Permitted Activities, by managing and operating an agriculture park including access roads, drains and other infrastructure complete with necessary amenities of which is to be known as Agro Park Seberang Perak Project (“Project Works”) on a piece of land measuring approximately 634,470 square meters held under H.S.(D) 14932, PT9424, Mukim Pasir Salak, Daerah Perak Tengah, Negeri Perak with the address at Lot PT 9424 at Daerah Seberang Perak, Negeri Perak (the “Land”) which shall be focusing on agriculture activities such as planting, cultivating, harvesting crops and livestock for raw co 16/01/2023 1:54 PM leedavid nvolve 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 1,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.2200 17/01/2023 8:15 AM leedavid Involve issuance of new type/class of securities ? No Types of corporate proposal Conversion of Preference Shares Details of corporate proposal Conversion of Irredeemable Convertible Preference Shares to Ordinary Shares No. of shares issued under this corporate proposal 1,800,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.2200 Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000 17/01/2023 8:16 AM whistlebower99 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 17/01/2023 9:32 AM whistlebower99 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 17/01/2023 9:34 AM Good123 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). 25/01/2023 4:20 PM Good123 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 26/01/2023 7:26 AM Good123 Permaju needs to fork out money4meridian right issue,, Hidden hand gang sungguh hebat 26/01/2023 8:10 AM Good123 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 26/01/2023 9:37 AM Good123 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 26/01/2023 9:49 AM Good123 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 26/01/2023 11:14 AM whistlebower99 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 04/02/2023 10:41 PM leedavid 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 09/02/2023 9:14 AM Good123 ANYTHING RELATED TO EDDIE CHAI, LARI CEPAT... ANZO DAH TERBUKTI...BANGUNLAH KIMAK 16/02/2023 9:52 PM Good123 tunggu konsolidasi macam pasukhas.................dana dari right issue pun dah diselewengkan terutamanya dalam sykt penny stok yang asyik mengalami kerugian, dll 24/02/2023 6:23 PM Good123 bursa should set up SOP, those PLCs' share price remained below 20sen for 6 months onwards, should be consolidating its shares 24/02/2023 9:24 PM Good123 so many rubbish stocks on bursa... reportedly manipulated by hidden hand group 24/02/2023 9:25 PM Joe Boss sudah lama tidur... Bila mau bangun... Kasi excersize sikit... Baru sihat...!!!!!!!!! 28/02/2023 9:40 AM Good123 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/ 16/03/2023 9:52 PM whistlebower99 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 17/03/2023 2:31 PM whistlebower99 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 23/03/2023 12:42 PM alex 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... 29/03/2023 11:38 AM whistlebower99 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 29/03/2023 3:13 PM  | |
