You were already added
------------------
karpai3 DK pls add me to the private group. thks
20/10/2020 2:38 PM

added
--------------
aspenvit Add me to private group please.
20/10/2020 10:56 AM

GreytZ DK, would you please add me to your private group please?
20/10/2020 11:35 AM

GoHaiDuongGo hi DK, would love to be in your chat group. Thanks.
20/10/2020 2:00 PM

You are still in the group. There were some problems with i3 messenger group. I can't added new members whose i3 messenger weren't activated.
------------------
saatjw Hi DK, I was in your group but today can no longer access in the afternoon. Kindly add me back into the group. Thank you.
20/10/2020 7:31 PM

you need to pay for 8 rights shares at RM0.22 each. The 4 warrants are free.
----------------

myways Thanks DK. Last question Is it 5 existing shares you will get free 4 warrants and free 8 rights shares? or the 8 rights shares need to purchase at the price of RM0.22? A bit confuse here. I hold some JAKS thought want to add more. thanks

you were already added. you need to i3 messenger to access the group chat
------------------
YSPHOO1980 Hi DK pls add me to your private group thx
20/10/2020 10:28 AM

25 OCT is the last day cum rights
-----------------
myways guys pls advice when is the last day for the right entitlement?
20/10/2020 10:17 AM

i3 messenger is having some problems, I can't add new member. Will try again later

added
-----------
kh yee DK, pls add me to your private group. Thks
20/10/2020 8:46 AM

trailblazer Hi DK, pls add me to your private group, tqvm
20/10/2020 8:50 AM

added
-----
onglai Hi DK, could you please add me to your group. TQ
20/10/2020 8:35 AM

surjit81 Hi DK pls add me to your private group .. tqvm
20/10/2020 8:36 AM

added
Jnlee Dk,can add me to your group
20/10/2020 8:22 AM

You will receive a message via i3 messenger after you were added.
--------------
AlfI3 Dear DK, kindly add me to the chat grp too pls
20/10/2020 7:02 AM

khoinvest DK, please add me to the chat grp. Thanks.
20/10/2020 7:21 AM

Hisham Kasim Hi DK, can addd me to the private chat group.
Thanks
MHK
20/10/2020 7:30 AM

sam1979, you were already added

You will receive a message via i3 messenger after you were added.
------------------
hao0019 pls add me also thx
19/10/2020 12:30 PM

YSPHOO1980 Pls add me thank
19/10/2020 12:35 PM

DonWorryBeHappy Hi DK, appreciate if you can add me in the group. Thanks.
19/10/2020 12:51 PM

kfoong81 Hi DK, please add me in your chat group. Thx !
19/10/2020 1:08 PM

Sphinx88 Hi DK, appreciate if you can add me in the group. Thanks.
19/10/2020 1:17 PM

Jackpot888 Hi DK pls add me to your private group .. tqvm
19/10/2020 1:31 PM

unclelau hi,DK,add me pls.tqvm.
19/10/2020 1:50 PM
Sam1979 hi DK, pls help to add me in ur group, just created account, thanks
19/10/2020 2:57 PM

weichyuen92 Add me too thanks
19/10/2020 3:21 PM

michelle36 Dear DK, pls add me to the private chat group. Thks, Michelle
19/10/2020 3:49 PM

cptan28 Dear DK, pls add me to the private chat group. Tq
19/10/2020 3:53 PM

added

johndow please help to add me .. thanks
19/10/2020 11:55 AM

added

ch_invest DK, please add me to the private chat, thanks
19/10/2020 11:50 AM

added

FELI1305 DEAR DK , PLS ADD ME.
19/10/2020 11:47 AM

cheesehunter, I have added you into the group, You need to use the i3 messenger to access the group chat.

added
-------
Newbee31 DK, appreciate if you add me in as well. Tqvm.
19/10/2020 11:24 AM

added
------------

xiaojie88 DK please add me to the private chat ya. TQ
19/10/2020 11:12 AM

Feli1305, i3 public forum is not a very pleasant place. That is why I moved to private chat group to avoid unreasonable attacks. If you want more information, you may request to join the chat group.

The price will appreciate when the power plant achieves COD.

FELI1305, you are entitled to buy 2400 shares at rm0.22 per share with 1200 free Jaks-wc. RI means right issue.

The idea is to buy before the good news from the power plant start to roll in. According to ALP, Unit 1 is expected to start operation this month.

You need 6,000/5x8xRM0.22=RM2,112. You will get 9,600 Jaks shares and 4,800 Jaks-WC.
------------------
specializedvenge hi sifus , i got 6000 shares on hand , how much cash i need to prepare if i wish to subcribe the RI after exdate ..
first timer for this RI thing ....
thanks

added
--
BC2020 DK, pls add me. Thanks
16/10/2020 9:52 AM

added
--------------------
Lewis Pun DK, can you please add me too? thanks
16/10/2020 8:35 AM

Both added
----------
Huat1 DK please add me
16/10/2020 5:36 AM

satish72 DK. PLS ADD ME. TQ
16/10/2020 6:42 AM

added
--------------
wwchin DK, please add me. TQ
15/10/2020 11:22 PM

You need to use the i3messenger to access the group chat
----------------------
investor77 how to access the private discussion room ?have forgotten how as already accepted. thanks
15/10/2020 11:19 PM

The RM200m minimum proceeds to be raise is secured by RM50m undertaking by ALP and balance RM150m is jointly underwritten by Kenanga and Malacca Securities.

added
------------

wiseinvst Hi DK, Can you add me in as well. Thanks.
14/10/2020 11:00 PM

added
-----------
bubu Hi DK, can you add me into your private group please thanks
14/10/2020 6:59 PM

I also can't access

Unit 2 boiler 1 commencing steam blow test

当地时间10月11日2时26分，公司承建的越南海阳2台60万千瓦燃煤电厂2号机组21号锅炉点火冲管，为机组整套启动奠定了坚实基础。
　　本次冲管范围主要包括锅炉过热器、低温再热器、高温再热器、主蒸汽管道、再热热段管道、再热冷段管道、低旁管道。冲管过程中，越南海阳项目部加强重点区域管控，组织管理人员24小时跟踪调试、轮班坚守现场，严格按照调试措施和运行规程进行操作，与各参建单位密切联系、全力配合，对热态运行中出现的缺陷及时处理，全面保障了冲管工作顺利进行。

I got this message too

---------------
gunter Service Unavailable
The server is temporarily unable to service your request due to maintenance downtime or capacity problems. Please try again later.
12/10/2020 12:39 PM

Dear Sslee,

In other words, shareholders of Jaks gain from reduction in Net liabilities of RM72m.

Note that the Net liabilities of JIC as at 30 March 2020 is approximately RM151.9m.

Dear Sslee,

The consolidated assets and liabilities of the group are reduced by (not from) RM127m and RM268m respectively.

Currently, the JIC is having a Negative equity of RM140m of which RM71.9m is attributable to the shareholders of Jaks resources and RM69m belongs to minority interest.

The disposal of JIC will eliminate the negative equity of JIC from Jaks' books for a consideration of RM1. Therefore, shareholders of Jaks will gain from elimination of negative equity of RM71,886,516 and RM1 proceeds. Net gain = RM71,886,516 + RM1 = RM71,886,517

----------------------------------
Sslee Dear DK
Audited NL of JIC as at FYE 31 December 2019 140,953,953
Add: Disposal Consideration 1
Less: Non-controlling interests of JIC (49%) 69,067,437
Gain to JRB Group 71,886,517
Something is not right with above logic of Gain to JRB Group 71,886,517

Currently the net loss in JRB group book and JIC book (140,953,953) after disposal less Non-controlling interest of JIC (49%) (69,067,437) then in JRB Book the net loss become (140,953,953-69,067,437-1) = (71,886,515)
So the different or gain should be 140,953,953-71,886,515= 69,067,438.

So how can in Group Balance Sheet the equity reserves of retain earning can be increase from 301,674,300 to 373,560,817 an increase of RM 71,886,517

This equity reserves gain should be balance in JRB Book
Total liabilities in balance sheet will be reduce from 268,263,388 to 136,814,328 gain of 131,449,060
And total asset reduce from 127,309,959 to 64,928,079 loss of 62,381,880
Overall gain 131,449,060-62,381,880 = 69,067,180

Refer Annual report 2019 page: 106
Summarised statements of financial position as at 31 December 2018: JIC (RM)
Non-current assets: 144,366
Current assets: 127,165,593
Current liabilities: 268,263,388
Total equity: (140,953,429)
Attributable to:
Non-controlling interest: (69,067,180)

Any different in accounting Balance sheet and cash flow if JRB(51%) and ICD (49%) top up their respective share of Negative equity (140,953,429) with capital injection of RM 140,953,429?
05/10/2020 7:49 PM

One of my group members sought management clarification on this issue. The answer given is Jaks is a co-plaintiff in the legal suit against star media and is entitled to the awards if counter claim is successful.

-----------------------
Sslee Dear DK,
Thank you for the explanation:

What will happen to 50 million bank guarantee paid previously by JAKS to SMG and counter claim suit for RM595 million against SMG, seeking damages for prematurely initiating the claim in bad faith when the Sale and Purchase Agreement dated 19 August 2011 (“SPA”) entered into is between STAR and JIC?

Dear Sslee,

Upon completion of the SPA, all the assets and liabilities of JIC will be reversed from Jaks' consolidated accounts, and gain from the disposal of JIC will be taken up in the P&L. I don't think JIC has any bank borrowings as the disposal does not reduce Jaks' group borrowings.

As for the consolidated cash flow statement, the decrease in assets will be regarded as increase in working capital while the decrease in current liabilities will be regarded as decrease in working capital. The RM1 consideration paid will be recorded as "proceeds from divestment of subsidiary" under cash inflow.

Auditing of bank balances is done thru direct confirmation of balances with banks or by obtaining the bank statement as at the financial year end date directly from the respective banks. The bank balances are often different from the book balances. Bank reconciliation statements will be prepared to reveal the differences between the bank balances and book balances. All material differences including material postdated cheques issued or received will be verified as to the validity of the underlying transactions and recordings.

-----------------------
Sslee Dear DK,
Since you are an accountant may I ask how the Sales of 51% JIC held by JRB to ICD for RM 1.00 consideration will be recorded in JRB Balance sheet and cash flow statement?

Refer Annual report 2019 page: 106
Summarised statements of financial position as at 31 December 2018: JIC (RM)
Non-current assets: 144,366
Current assets: 127,165,593
Current liabilities: 268,263,388
Total equity: (140,953,429)
Attributable to:
Non-controlling interest: (69,067,180)

It is quite certain that Lctitan will deliver fantastic results for the next 2 quarters.

Auditors' duty is only to make sure the financial statements prepared by the management represent a TRUE and FAIR view of the financial positions of the company, nothing else.

I m thankful to OTB for asking some questions on my behalf

I can testify that OTB did meet Andy Ang over a lunch.

Dear Sslee,
Me too, but It is totally expected. All my questions including those from our group were "officially" answered during the AGM with nothing new to learn except the assurance that there will not be any fund raising for the LAD related to the pacific star project.

---------------------
Sslee Dear DK,
What is your opinion on the AGM. I felt being let down
15/09/2020 3:53 PM

Dear Samuel Devadasan, please note that the 3 for 1 entitlement basis is only illustrative and not finalised.

Only the minimum proceeds of RM200m and discount of more than 50% to TERP on RI price are fixed at this juncture.

The 10% discount rule is only applicable to private placement not RI. I don't think there is any discount restriction on RI.


----------------------------
Samuel Devadasan Dear DK....i have read the latest circular dated 9 sept........for every share held we are entitled for 3 RI at RM0.12 per RI. Is this true or i am reading the circular wrongly. Would appreciate your clarification. The reason i am asking is because I thought there is a SC regulation whereby RI should be given at a discount of 10% only. I always depend on you as i feel you give excellent clarifications. Thanking you in advance DK.
12/09/2020 2:59 PM

They are compensated via exercise price adjustment as well as additional free warrants

Warrant holders are protected by the warrant deeds so as not to be disadvantaged by any future fund raising exercises.

EA Holdings Bhd - One case example of free warrants to warrant holders as a result of right issue.

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download/?name=EA_DS_ATTACHMENTS&id=165785

Simple logic. Warrant holders cannot vote on the right issues. Can warrant holders be "forced" to pay for additional warrants or risk dilution ?