https://internationalequities.com.au/investors/

Annual Report 30 June 2020

Loss after tax was $1.530 million.

Accumulated losses $16,388 million.

Basic loss per share is 1.19 cents (2019: loss per share 0.68 cents per share)

The Group’s current liabilities exceed its current assets by
$16.61 million at balance date.

Report on the Audit of the Financial Report
Qualified Opinion

Material Uncertainty Related to Going Concern

" we draw attention to note 1(w) of the financial statements, which describes the principal conditions that raise doubt about the Group’s ability to continue as a going concern. In addition, we note the unprecedented uncertainty of the economic environment in which the Group operates as at the date of signing the financial report. These conditions as explained in note 1(w) indicate the existence of a material uncertainty that may cast doubt about the Group’s ability to continue as a going concern for at least the next 12 months and,if it could not continue as a going concern, the Group may be unable to realise its assets and discharge its liabilities in in the normal course of business and at amounts other than as stated in the financial report.

BennyWhittman, thanks for great info ....Spot on.

DATUK SHARIFAH KADNARIAH BINTI SYED AHMAD 15-Dec-2020 Disposed 20,000 1.000 View Detail
MR YEN YEW WING @ YEN YEW MING 01-Dec-2020 Disposed 297,500 0.845 View Detail
MR YEN YEW WING @ YEN YEW MING 08-Oct-2020 Disposed 150,000 0.683 View Detail
MR YEN YEW WING @ YEN YEW MING 02-Oct-2020 Disposed 150,000 0.645 View Detail
MR YEN YEW WING @ YEN YEW MING 02-Oct-2020 Disposed 100,000 0.640 View Detail
MR YEN YEW WING @ YEN YEW MING 29-Sep-2020 Disposed 50,000 0.625 View Detail
DATUK SHARIFAH KADNARIAH BINTI SYED AHMAD 11-Sep-2020 Disposed 20,000 0.460 View Detail
MR YEN YEW WING @ YEN YEW MING 08-Sep-2020 Disposed 150,000 0.540 View Detail
MR YEN YEW WING @ YEN YEW MING 07-Sep-2020 Disposed 100,000 0.590

BINTAI HOLDINGS (M) SDN BHD 16-Dec-2020 Disposed 28,500,000 0.000 View Detail
MR ARIFF FARHAN DOSS 16-Dec-2020 Notice of Person Ceasing 50,025,000 0.000 View Detail
MR ONG CHOON LUI 16-Dec-2020 Disposed 28,500,000 0.000 View Detail
MR ONG PUAY KOON @ MAH SOCK HENG 16-Dec-2020 Disposed 28,500,000 0.000 View Detail
NUSANKOTA DEVELOPMENT SDN BHD 16-Dec-2020 Notice of Person Ceasing 50,025,000 0.000 View Detail

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3118762

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES PROPOSED DEBT SETTLEMENT

We refer to the Company’s announcements on 21 October 2020, 19 November 2020, 14 December 2020, 15 December 2020 and 30 December 2020 in relation to the Proposed Debt Settlement.

The Board wishes to announce that BKCB, OPM and Handal (collectively, the “Parties”) have mutually agreed to waive one of the conditions precedent under the Debt Settlement Agreement in relation to the approval to be obtained from MBSB Bank Berhad, which have granted an Islamic term loan facility to OPM, prior to the allotment and issuance of the 28,500 new OPM Shares to Handal (“Waiver”). The Waiver is aimed at facilitating and expediting the timely completion of the Proposed Debt Settlement.

In view of the Waiver, the Parties further agreed for a cash settlement of RM2.0 million to be made in place of the said issuance of 28,500 new OPM Shares for the settlement of RM2.0 million of the Outstanding Debt. The said cash settlement shall be made in 24 equal monthly instalments commencing from the unconditional date of the Debt Settlement Agreement in accordance with the terms of the Debt Settlement Agreement and shall be funded via the Group’s internally generated funds. For information, OPM will remain as a 100%-owned subsidiary of BKCB upon
the completion of the Proposed Debt Settlement.

The Board hereby wishes to announce that following the Waiver, all the Conditions Precedent under the Debt Settlement Agreement have been fulfilled on 5 January 2021 and accordingly, the Debt Settlement Agreement has become unconditional on even date.

The Proposed Debt Settlement is currently pending completion.

This announcement is dated 5 January 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3104103

BINTAI KINDEN CORPORATION BERHAD

Types of corporate proposal Private Placement

Details of corporate proposal PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED ORDINARY SHARES IN BINTAI KINDEN CORPORATION BERHAD

No. of shares issued under this corporate proposal 31,800,000

Issue price per share ($$) Malaysian Ringgit (MYR) 0.5650

Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000

Latest issued share capital after the above corporate proposal in the following
Units 350,091,740

Issued Share Capital ($$) Malaysian Ringgit (MYR) 90,146,887.000

Listing Date 12 Nov 2020

Latest Quarter | Ann. Date 30-Sep-2020 [#2] | 01-Dec-2020
Next QR | Est. Ann. Date: 31-Dec-2020 | 28-Feb-2021
T4Q P/E | EY: -16.26 | -6.15%
T4Q DY | Payout %: 0.00% | - %
T4Q NAPS | P/NAPS: 0.2447 | 2.35
T4Q NP Margin | ROE: -15.28% | -14.45%

https://www.theedgemarkets.com/article/bintai-kindens-two-biggest-shareholders-dispose-shares-group

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3106363

We refer to the Company’s announcement on 21 October 2020 in relation to the
Proposed Debt Settlement.

On behalf of the Board, KAF IB wishes to announce that the listing application
in relation to the Proposed Debt Settlement has been submitted to Bursa Securities
on 19 November 2020.

This announcement is dated 19 November 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3102570

On behalf of the Board, M&A Securities wishes to announce that the Company
has fixed the issue price of the Placement Shares at RM0.565 each.

The aforementioned issue price of RM0.565 per Placement Share represents a
discount of approximately RM0.0587 or 9.41% from the five (5)-day
weighted average market price of BKCB from 27 October 2020 to 3 November 2020
of approximately RM0.6237 per Share.

This announcement is dated 4 November 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3098756

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING
BINTAI KINDEN CORPORATION BERHAD ("BKCB" OR "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED ORDINARY SHARES IN BKCB

Further to the Announcement, on behalf of the Board, M&A Securities
wishes to announce further information in relation to the
Proposed Private Placement as set out in the attachment below.

This announcement is dated 22 October 2020.

"The total funds raised/to be raised of RM28.00 million from the
Previous Private Placement and Proposed Private Placement earmarked
for the repayment of Group’s outstanding bank borrowings..."

the Group’s existing bank borrowings ... RM152.80 million (as at 31 March 2020)

MR YEN YEW WING @ YEN YEW MING 08-Oct-2020 Disposed 150,000 0.683 View Detail
MR YEN YEW WING @ YEN YEW MING 02-Oct-2020 Disposed 150,000 0.645 View Detail
MR YEN YEW WING @ YEN YEW MING 02-Oct-2020 Disposed 100,000 0.640 View Detail
MR YEN YEW WING @ YEN YEW MING 29-Sep-2020 Disposed 50,000 0.625 View Detail
DATUK SHARIFAH KADNARIAH BINTI SYED AHMAD 11-Sep-2020 Disposed 20,000 0.460 View Detail
MR YEN YEW WING @ YEN YEW MING 08-Sep-2020 Disposed 150,000 0.540 View Detail
MR YEN YEW WING @ YEN YEW MING 07-Sep-2020 Disposed 100,000 0.590 View Detail
DATUK SHARIFAH KADNARIAH BINTI SYED AHMAD 12-Mar-2020 Disposed 50,000 - View Detail
DATUK SHARIFAH KADNARIAH BINTI SYED AHMAD 15-Jan-2020 Disposed 50,000 - View Detail
SHARIFAH KADNARIAH BINTI SYED AHMAD 31-Dec-2019 Disposed 54,800 - View Detail
DATUK SHARIFAH KADNARIAH BINTI SYED AHMAD 23-Dec-2019 Disposed 660,800 0.005

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3097268

BINTAI KINDEN CORPORATION BERHAD (“BKCB” OR “COMPANY”)
PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED ORDINARY SHARES IN BKCB

(a) The Company intends to utilise RM15.0 million of the gross proceeds
to partially repay the outstanding borrowings of the BKCB Group.
As at 30 September 2020, the total bank borrowings of the Group
(excluding lease liabilities) stood at approximately RM155.8 million
which comprise mainly bank overdrafts, bankers acceptances, bill payables,
revolving credit, term loans and hire purchase.


For illustrative purposes, assuming that the Proposed Private Placement
was effected at the beginning of the financial year ended (“FYE”) 31 March 2020,
the pro forma effects on the earnings and EPS of BKCB Group are as follows:
Audited as at 31 March 2020 / After Proposed Private Placement
(Loss) / Profit after taxation (RM’000)
(359) / 467
No. of Shares in issue ('000)
288,592 / 350,092
(Loss) / Earnings per Share (sen)
(0.12) / 0.13

12-Oct-2020 Insider
MR YEN YEW WING @ YEN YEW MING (a company director)
disposed 150,000 shares at 0.683
on 08-Oct-2020.

Generex Biotechnology Corporation (GNBT)
Other OTC - Other OTC Delayed Price.

Currency in USD 0.2430

-0.0169 (-6.52%)

At close: 3:59PM EDT 14 October 2020

MR YEN YEW WING @ YEN YEW MING 08-Oct-2020 Disposed 150,000 0.683 View Detail
MR YEN YEW WING @ YEN YEW MING 02-Oct-2020 Disposed 150,000 0.645 View Detail
MR YEN YEW WING @ YEN YEW MING 02-Oct-2020 Disposed 100,000 0.640 View Detail
MR YEN YEW WING @ YEN YEW MING 29-Sep-2020 Disposed 50,000 0.625 View Detail
DATUK SHARIFAH KADNARIAH BINTI SYED AHMAD 11-Sep-2020 Disposed 20,000 0.460 View Detail
MR YEN YEW WING @ YEN YEW MING 08-Sep-2020 Disposed 150,000 0.540 View Detail
MR YEN YEW WING @ YEN YEW MING 07-Sep-2020 Disposed 100,000 0.590 View Detail
DATUK SHARIFAH KADNARIAH BINTI SYED AHMAD 12-Mar-2020 Disposed 50,000 - View Detail
DATUK SHARIFAH KADNARIAH BINTI SYED AHMAD 15-Jan-2020 Disposed 50,000 - View Detail
SHARIFAH KADNARIAH BINTI SYED AHMAD 31-Dec-2019 Disposed 54,800 - View Detail
DATUK SHARIFAH KADNARIAH BINTI SYED AHMAD 23-Dec-2019 Disposed 660,800 0.005

https://www.theedgemarkets.com/article/malaysia-have-priority-recipient-status-chinas-covid19-vaccine-under-development-says

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3094586

Further to the Company’s announcement dated 6 October 2020 in relation to the Distribution and Licensing
Agreement (“DLA”) entered into between Bintai Healthcare Sdn Bhd with Generex Biotechnology
Corporation (“Generex”) and its majority owned subsidiary, NuGenerex Immuno-Oncology, Inc.
(“NuGenerex”), the Board of Directors wishes to announce additional information as follows:

New Incorporated Subsidiary Bintai Healthcare Sdn Bhd, with only 1,001 number of Issue Shares !

(c) Information on Bintai Healthcare Sdn Bhd
Bintai Healthcare Sdn Bhd (“BHSB”) is a majority owned subsidiary of BKCB and the equity
structure is listed below:
Name of shareholders No. of shares
1. Bintai Kinden Corporation Berhad 501
2. Bintai Gemilang Petroleum Engineering Sdn Bhd 300
3. Ablynx Resources Sdn Bhd 100
4. Rozaimee Bin Hassan 100

08-Oct-2020 Insider BINTAI KINDEN CORP BHD re-sale 200,000 shares from 0.700 to 0.700 on 07-Oct-2020.
08-Oct-2020 Insider BINTAI KINDEN CORP BHD re-sale 998,800 shares from 0.500 to 0.500 on 14-Sep-2020.
08-Oct-2020 Insider BINTAI KINDEN CORP BHD re-sale 798,800 shares from 0.700 to 0.730 on 08-Oct-2020.

07-Oct-2020 Insider MR YEN YEW WING @ YEN YEW MING (a company director) disposed 150,000 shares at 0.645 on 02-Oct-2020.
07-Oct-2020 Insider MR YEN YEW WING @ YEN YEW MING (a company director) disposed 100,000 shares at 0.640 on 02-Oct-2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3092741

Any hint ?

According to MOU, under the terms of the Addendum,
Bintai will pay Generex an up-front licensing fee of USD2.5 million
within two weeks from 18/9/2020.

Due date today. Did not materialise.

Changes in Director's Interest (Section 219 of CA 2016)
BINTAI KINDEN CORPORATION BERHAD

Information Compiled By KLSE
Particulars of Director
Name MR YEN YEW WING @ YEN YEW MING
Descriptions(Class) Ordinary Shares
Details of changes
No 1
Date of change 29/09/2020

No of securities 50,000

Type of transaction Disposed

Nature of Interest Direct Interest

Name of registered holder Yen Yew Wing @ Yen Yew Ming

Consideration (if any) RM0.625

Circumstances by reason of which change has occurred
Disposal in the open market
Nature of interest Direct Interest
Total no of securities after change
Direct (units) 697,500
Direct (%) 0.219
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0.000
Date of notice 01/10/2020
Date notice received by Listed Issuer 01/10/2020

Why sell Treasury Shares at 50 sen when there is MOU on vaccine ?

Immediate Announcement of Changes in Treasury Shares
BINTAI KINDEN CORPORATION BERHAD

Date of transaction 14 Sep 2020
Currency Malaysian Ringgit (MYR)
Type of changes Resale
Total number of treasury shares changed (units) 998,800
Minimum price paid for each share sold ($$) 0.500
Maximum price paid for each share sold ($$) 0.500
Total consideration received ($$) 499400.00
Total number of treasury shares held after the resale or transfer 998,800
Adjusted issued capital after cancellation (no. of shares) (units) 288,592,940

Bursa announcement 9/9/2020

Notes:-
(1) The Company intends to utilise RM13.0 million of the
gross proceeds (from Private Placement) to partially repay
the outstanding borrowings of Bintai.
As at 30 June 2020, the total bank borrowings of the Group
(excluding lease liabilities) stood at approximately
RM158.7 million.....

Profile
Generex Biotechnology Corporation
Sector(s): Healthcare
Industry: Biotechnology
Full Time Employees: 17

Bintai Private Placement completed yesterday at 52 sen.

The money raised is to partial pay its debts of RM160 million.

Directors already SOLD shares in bulk earlier.

What do you think ?

I saw earlier post.

Executive Directors SOLD Shares in BULK !

It's SCARRY !

DATUK SHARIFAH KADNARIAH BINTI SYED AHMAD 11-Sep-2020 Disposed 20,000 0.460 View Detail
MR YEN YEW WING @ YEN YEW MING 08-Sep-2020 Disposed 150,000 0.540 View Detail
MR YEN YEW WING @ YEN YEW MING 07-Sep-2020 Disposed 100,000 0.590 View Detail
DATUK SHARIFAH KADNARIAH BINTI SYED AHMAD 12-Mar-2020 Disposed 50,000 - View Detail
DATUK SHARIFAH KADNARIAH BINTI SYED AHMAD 15-Jan-2020 Disposed 50,000 - View Detail
SHARIFAH KADNARIAH BINTI SYED AHMAD 31-Dec-2019 Disposed 54,800 - View Detail
DATUK SHARIFAH KADNARIAH BINTI SYED AHMAD 23-Dec-2019 Disposed 660,800 0.005

Generex is a LOSS making company with HUGE DEBTS in USA.

It desperately need cash as indicated in the MOU.
(figures in USD)

4. As outlined in the MOU, Bintai will pay Generex the following fees:

a. $2,500,000 - Intellectual Properties “IP” Assignment Rights

b. $100,000 – Regulatory Fees

c. $25,000 – Legal Fees

d. $7,500,000 – Government of Malaysia Licensing Fees

e. $10,000,000 – Private Sector Licensing Fees

f. $3.00 Per Dose – Government of Malaysia Royalties Fees

g. $4.50 Per Dose - Private Sector Royalties Fees

MOU with IJN with Generex Vaccine. Generex is a USD 0.20 company.

paulthesotong Who the strategy partners that took 28.7 million at .52?

On behalf of the Board, KAF IB wishes to announce that the Board had on
17 September 2020 (“Price-Fixing Date”) fixed the issue price for the placement of
28,700,000 Placement Shares at RM0.52 each (“Issue Price”). The Issue Price represents
a discount of RM0.057 or 9.88% to the 5-day VWAMP of the BKCB Shares up to and
including 15 September 2020 of RM0.577, being the last market day
immediately preceding the Price-Fixing Date.

The purpose of money raised through Private Placement is to pay BKCB debts
of RM160 million.

Announcement Info
Company Name BINTAI KINDEN CORPORATION BERHAD
Stock Name BINTAI
Date Announced 25 Sep 2020
Category Additional Listing Announcement /Subdivision of Shares
Reference Number ALA-25092020-00004


1. Details of Corporate Proposal

Involve issuance of new type/class of securities ? No

Types of corporate proposal Private Placement

Details of corporate proposal Private placement of 28,700,000 new ordinary shares
in Bintai Kinden Corporation Berhad representing approximately 10%
of the total number of issued shares of the Company

No. of shares issued under this corporate proposal 28,700,000

Issue price per share ($$) Malaysian Ringgit (MYR) 0.5200


Latest issued share capital after the above corporate proposal in the following

Units 318,291,740

Issued Share Capital ($$) Malaysian Ringgit (MYR) 74,435,042.000

Listing Date 28 Sep 2020

Why ASB up so much?

Solution price still cheaper than Bintai

Better put money in Solution?

private placement price is 52 sen