Dome is managed by Melium Group. Insas actually welcome any SDN BHD with a viable business to approach them for seed money and financial support to expand them (to a certain size) with the aim of listing them once they are able to qualify for listing. After listing then the listed entity will tap into capital market for further expansion independent on Insas.

Dome is managed by Melium Group. Insas actually welcome any SDN BHD with a viable business to approach them for seed money and financial support to expand them (to a certain size) with the aim of listing them once they are able to qualify for listing. After listing then the listed entity will tap into capital market for further expansion independent on Insas.

Insas is a public listed company as you can buy and sell Insas shares in open market. This is fact and Dato' Sri Thong and PAC officially only owned 32.96% is also a fact and Insas cannot do further SBB as this will trigger 33% MGO threshold is also a fact.

Insas Net Financial assets:RM 1,418,421,000 is also fact as it is subject to yearly audit.

Insas still hold 537,008,575 inari share (one of Insas associate company) and 1,215,718,665 M&A an effective holding of 60.83% subsidiary company of Insas.

What I trying to say is Market can never be efficient, that is why we are here to take advantage of market inefficient. But remember market can be irrational longer than you can remain solvent.

So invest only with your spare cash.

Repost:
let's debate on what geary comment on jaks, shall we?

Posted by geary > Nov 3, 2023 10:45 PM | Report Abuse
Hahaha...Only Swines are easily lured into such good for nothing... company...insiders...outsiders...are scammers... crocodiles n piranhas...KYY already lost millions...after visited Vietnam Power Plant...plus all kena Swindled by Jaks Insiders...!?
Lagi Tak Tahu... that's why all lost until kisiao...anyhow defecating n urinating in i3...🤮😷

FY2023
RM'000
Interest income from:-
 - deposits and cash balances with
  licensed banks and financial
  institutions 21,500

If the market is efficient what should be Insas share price?

Market Cap: 603 Million
NOSH: 693 Million
Avg Volume (4 weeks): 155,514
4 Weeks Range: 0.855 - 0.89
4 Weeks Price Volatility (%): 42.86%
52 Weeks Range: 0.75 - 0.93
52 Weeks Price Volatility (%): 66.67%

ORDINARY SHARES
Number of shares issued : 663,020,762 (excluding 30,327,291 treasury shares)
Class of shares : Ordinary shares
Voting rights : One vote per ordinary share

https://klse1.i3investor.com/blogs/Sslee_blog/2023-11-05-story-h-215950673-INSAS_Questions_for_Insas_61th_AGM.jsp

Questions for Insas coming 61th AGM

Dividend Policy
Referring:
https://www.nst.com.my/business/corporate/2023/10/962455/icapitalbiz-p...
KUALA LUMPUR: icapital.biz Bhd (ICAP) is introducing a dividend policy to proactively narrow the gap between share price and net asset value (NAV) and possibly bring its share price back to trade at a premium, just as it did during the first three years as a listed company
The dividend policy, subject to market and economic conditions and ICAP's value, will be on a base rate of one percent of the NAV per share plus eight per cent of the difference between ICAP's share price and the NAV.

Question 12: ICAP is introducing a dividend policy to proactively narrow the gap between share price and net asset value (NAV). May I know the reasons why Insas BOD had yet to implement a dividend policy to proactively narrow the gap between Insas share price and Insas Net Assets Per-Share of RM 3.53 as at 30/6/2023?

Dividend:
In many of previous AGM BOD reason to keep the earning in financial assets is to support M&A Securities financial need of stock broking, share margin financing, collaterised trading, corporate finance advisory, underwriting and placement of securities (IPO, PP and M&A activities)

Referring to Insas EGM key matters discussed: The rationale for the RTO exercise is to unlock the value of Insas’ investment in M&A Securities by monetizing and securitizing the shares in M&A Securities via SYF. This will enable M&A Securities as a separate listed entity under SYF:
(a) to raise its future funding requirement through the capital market independently from Insas.
Question 10: My congratulations to BOD for successful listing of M&A Securities thro’ RTO and M&A Securities is now a separate listed entity that can raise its future funding requirement through the capital market independently from Insas.
Will BOD kindly reward Insas shareholders with a fairer, equitable and better yearly dividend since the reason to provide financial support to M&A securities is now solved?

AR 2023 Page: 10
FIVE YEARS GROUP FINANCIAL HIGHLIGHTS
Equity Attributable to Owners of the Company had growth from RM 1,739,358,000 FY 2019 to RM 2,342,233,000 FY 2023 with retained earnings RM 1,419,807,000.
As at 30/6/2023 AR2023 Page: 204
FINANCIAL INSTRUMENTS
Financial assets
RM’000
Financial assets at fair value through other comprehensive income: 34,529
Trade receivables: 485,504
Amount due from associate companies: 58,315
Amount due from jointly controlled entities: 660
Other receivables and deposits paid: 57,710
Financial assets at fair value through profit or loss: 222,832
Deposits with licensed banks and financial institutions: 943,505
Cash and bank balances: 104,747
Total: 1,907,802

Financial liabilities
Derivative financial liabilities: 3,634
Trade payables: 74,537
Other payables, deposits received and accruals: 39,627
Loans and borrowings: 242,961
Redeemable preference shares: 128,622
Total: 489,381
Net Financial assets: 1,418,421

With Equity Attributable to Owners of the Company RM 2,342,233,000 of which retained earnings is RM 1,419,807,000 and of the retained earnings the Net Financial assets is RM 1,418,421,000.
Question 11: Return of Equity (%): FY2023 a poor 5.2% is not the fault of Insas Management Team but mainly due to BOD keep too much retained earnings (Equity keep growing) and hence will BOD kindly rectify the imbalance by distribute portion of the retained earnings to shareholders in the form of special dividend?

Post removed.Why?

Many news article never read the fine print on the detail what are included inside Direct and deemed interest by virtue of his family members’ interest and his substantial interest in:

Allow me to repost:

1. Dato’ Sri Thong KokKhee * 166,064,962 25.05 %
* Direct and deemed interest by virtue of his family members’ interest and his substantial interest in
- M&A Investments International Limited,
- Immobillaire Holdings Sdn Bhd,
- Baktihan Sdn Bhd,
- Winfields Development Sdn Bhd and
- Montprimo Sdn Bhd.

2. M & A Investments International Limited 124,420,289 18.77

3. Dato’ Thong Kok Yoon ** 74,203,648 11.19%
** Direct and deemed interest by virtue of his family members’ interest and his substantial interest in
- Perak Traders Holdings Sdn Bhd and
- Baktihan Sdn Bhd.

5. M & A Nominee (Tempatan) Sdn Bhd 21,746,400 3.28
- Baktihan Sdn Bhd

Note: Baktihan Sdn BHD hold 3.28% insas share which was included in Dato’ Sri Thong KokKhee * 166,064,962 25.05 % * Direct and deemed interest and so is M & A Investments International Limited 124,420,289 18.77% included into Dato' Sri thong Kokkhee deemed interest.

Baktihan Sdn BHD 3.28% insas share was also included into Dato’ Thong Kok Yoon ** 74,203,648 11.19% ** Direct and deemed interest.

Hence Dato’ Sri Thong Kok Khee + Dato’ Thong Kok Yoon deemed interest: 25.05 +11.19 - 3.28 = 32.96%

Is another RI coming with billion in share and free warrants just to raise cash of RM 200 million?

Just wonder why Kossan boss want to buy into Bjcorp. He should take over and privatise insas and make Inari an associate company of Kossan and M&A a subsidiary company of Kossan

Insas is unbelievable undervalued and Insas can't do SBB unless
(i) the shareholdings of Dato’ Sri Thong and PAC reduce to a level which allows such Share Buy-Back scheme to be undertaken; or
(ii) Dato’ Sri Thong and PAC seek and obtain waiver of MGO from the shareholders and relevant regulatory authorities.
Any SBB will trigger the 33% MGO threshold. Currently Dato' Sri Thong and PAC hold 32.96% Insas.
By the way any stock raiders are welcome to make a raid on Insas and take over insas from Dato' Sri Thong.

As at 30/6/2023
Associate companies:
RM '000
Quoted shares in Malaysia, at cost 181,183
Unquoted shares in Malaysia, at cost 40,106
Unquoted shares outside Malaysia,
 at cost 30,478
Group’s share of post acquisition:-
- profits less losses 132,799
- reserves 232,292
616,858
Less:-
Accumulated impairment loss
- quoted shares (36,761)
- unquoted shares (2,388)
577,709
Represented by:-
Share of net assets 512,458
Goodwill on acquisition 65,251
577,709
Market value of quoted shares in Malaysia 1,513,182

Post removed.Why?

Maybe BOD afraid someone might throw rotten eggs at them if holding a physical AGM.

If no financial institution wants to lend money to jaks maybe can consider borrowing from Insas credit and leasing.

ICL reported lower revenue of RM25.5 million and pre-tax profit of RM15.9 million in FY 2023 (FY 2022: revenue of RM30.9 million and pre-tax profit of RM22.3 million) from its structured finance business due to a lower loan portfolio of RM281 million as at 30 June 2023 as compared to RM306 million on 30 June 2022. ICL’s revenue and pre-tax profit returns remain fairly consistent in line with the level of its loan portfolio.


Posted by Mikecyc > Nov 7, 2023 5:32 AM | Report Abuse
Haha in fact as posted earlier, looking at more than 2 years Share of Profit n 2022 Dividend.. Jaks shl increase Vietnam JV company shareholding from 30 % to 40 % : 


Jaks insiders are exploring all the financial funding possibilities:

Received a short reply from Dato' Wong:
Hi Mr Lee

Received & acknowledged your email

Regards
wgk

Received a short reply from Dato' Wong:
Hi Mr Lee

Received & acknowledged your email

Regards
wgk

Send

let's debate on what geary comment on jaks, shall we?

Posted by geary > Nov 3, 2023 10:45 PM | Report Abuse
Hahaha...Only Swines are easily lured into such good for nothing... company...insiders...outsiders...are scammers... crocodiles n piranhas...KYY already lost millions...after visited Vietnam Power Plant...plus all kena Swindled by Jaks Insiders...!?
Lagi Tak Tahu... that's why all lost until kisiao...anyhow defecating n urinating in i3...🤮😷

Any comment?

Everyone know Jaks Q3 and Q4 outlook as below except Mike-tikus aka Johnchew1-5 still promoting Jaks day and night 24/7/365 with his half past six FA and TA.

Since jaks granted 70,500,000 ordinary shares (“LTIP Shares”) SG. Share grant on 10 july 2023 hence RM12.69M of LTIP expenses will only be charged to Q3 2023 under other operating, administrative expenses.
Hence Q3 2023 NP will be Q to Q drop

Based on past 4 years norm jaks Q4 2023 another Q to Q drop due to impairment on trade and other receivables and impairment loss on goodwill.

This is what happen the past 4 years.
12 months end 31/12/22: 12 months end 31/12/21
RM'000: RM'000
Impairment Loss on Goodwill 29,000: 23,636
Allowance for impairment of receivables 22,833: 20,348

12 months end 31/12/20: 12 months end 31/12/19
RM'000: RM'000
Impairment Loss on Goodwill 52,000: 20,365
Allowance for impairment of receivables 69,507: 12,490

Review of Insas’ 60th AGM key matters discussed:
The renewal of authority will provide flexibility to the Company for any possible share buy-back activities and to avoid any delay and costs involved in convening general meeting to approve such share buy-back authority in the event:
(i) the shareholdings of Dato’ Sri Thong and PAC reduce to a level which allows such Share Buy-Back scheme to be undertaken; or
(ii) Dato’ Sri Thong and PAC seek and obtain waiver of MGO from the shareholders and relevant regulatory authorities

Question 13: Is Dato’ Sri Thong and PAC in the process to seek and obtain waiver of MGO from the shareholders and relevant regulatory authorities in the coming AGM?

Y.A.M. Tengku Aishah, Dato’ Wong and Dato’ Dr Tan have declared that they are not persons acting in concert with Dato’ Sri Thong Kok Khee

Question 14: Since Y.A.M. Tengku Aishah, Dato’ Wong and Dato’ Dr Tan have declared that they are not persons acting in concert with Dato’ Sri Thong Kok Khee. Will Y.A.M. Tengku Aishah, Dato’ Wong and Dato’ Dr Tan please kindly give support to Insas by buying more Insas shares from the open market?

Dividend Policy
Referring:
https://www.nst.com.my/business/corporate/2023/10/962455/icapitalbiz-proposes-new-dividend-policy-implement-dividend
KUALA LUMPUR: icapital.biz Bhd (ICAP) is introducing a dividend policy to proactively narrow the gap between share price and net asset value (NAV) and possibly bring its share price back to trade at a premium, just as it did during the first three years as a listed company
The dividend policy, subject to market and economic conditions and ICAP's value, will be on a base rate of one percent of the NAV per share plus eight per cent of the difference between ICAP's share price and the NAV.

Question 12: ICAP is introducing a dividend policy to proactively narrow the gap between share price and net asset value (NAV). May I know the reasons why Insas BOD had yet to implement a dividend policy to proactively narrow the gap between Insas share price and Insas Net Assets Per-Share of RM 3.53 as at 30/6/2023?

Dividend:
In many of previous AGM BOD reason to keep the earning in financial assets is to support M&A Securities financial need of stock broking, share margin financing, collaterised trading, corporate finance advisory, underwriting and placement of securities (IPO, PP and M&A activities)

Referring to Insas EGM key matters discussed: The rationale for the RTO exercise is to unlock the value of Insas’ investment in M&A Securities by monetizing and securitizing the shares in M&A Securities via SYF. This will enable M&A Securities as a separate listed entity under SYF:
(a) to raise its future funding requirement through the capital market independently from Insas.
Question 10: My congratulations to BOD for successful listing of M&A Securities thro’ RTO and M&A Securities is now a separate listed entity that can raise its future funding requirement through the capital market independently from Insas.
Will BOD kindly reward Insas shareholders with a fairer, equitable and better yearly dividend since the reason to provide financial support to M&A securities is now solved?

AR 2023 Page: 10
FIVE YEARS GROUP FINANCIAL HIGHLIGHTS
Equity Attributable to Owners of the Company had growth from RM 1,739,358,000 FY 2019 to RM 2,342,233,000 FY 2023 with retained earnings RM 1,419,807,000.
As at 30/6/2023 AR2023 Page: 204
FINANCIAL INSTRUMENTS
Financial assets RM’000
Financial assets at fair value through other comprehensive income: 34,529
Trade receivables: 485,504
Amount due from associate companies: 58,315
Amount due from jointly controlled entities: 660
Other receivables and deposits paid: 57,710
Financial assets at fair value through profit or loss: 222,832
Deposits with licensed banks and financial institutions: 943,505
Cash and bank balances: 104,747
Total: 1,907,802

Financial liabilities
Derivative financial liabilities: 3,634
Trade payables: 74,537
Other payables, deposits received and accruals: 39,627
Loans and borrowings: 242,961
Redeemable preference shares: 128,622
Total: 489,381
Net Financial assets: 1,418,421

With Equity Attributable to Owners of the Company RM 2,342,233,000 of which retained earnings is RM 1,419,807,000 and of the retained earnings the Net Financial assets is RM 1,418,421,000.
Question 11: Return of Equity (%): FY2023 a poor 5.2% is not the fault of Insas Management Team but mainly due to BOD keep too much retained earnings (Equity keep growing) and hence will BOD kindly rectify the imbalance by distribute portion of the retained earnings to shareholders in the form of special dividend?

Retail trading
During the financial year, Melium Group’s sales have improved considerably to almost pre-Covid level for many of the brands Melium carries. In FY 2023, Melium Group posted a net profit of RM15.4 million as compared to RM2.5 million in FY 2022 as its business continued to improve basing on the numbers of inbound tourists from China are encouraging.
Question 3: Any planned timeline to list Melium in Bursa?

InvestingPro Insights
Capital A Berhad, the parent company of AirAsia, has shown promising metrics as per InvestingPro data. With an impressive operating income margin of 86.88% as of Q3 2023.

Someone is so cheap and desperate to post his cut and paste above no-brainer misinformation from InvestingPro Insights. Do he know what are capA aviation cost?
-Fuel cost
-Planes leasing cost
-Finance cost
-Staffs cost
-Other operation cost.
How on earth can capA aviation ever earned an operating income margin of 86.88% and somemore for Q3 2023. Who is he trying to con?

Did he also know Capital A’s aviation is still a lose making?
Revenue/ASK: Q2 USD 4.22 cents cumulative 6 months USD 4.28 cents
Cost/ASK: Q2 USD 5.01 cents cumulative 6 months USD 4.72 cents
Cost/ASK ex fuel: Q2 USD 3.32 cents cumulative 6 months USD 2.95 cents

Aetherium Acquisition Corp (“Company”) (Nasdaq: “GMFI”) was granted the extension until November 20, 2023 to regain compliance with Nasdaq’s continued listing rule as it relates to the failure to timely file its Quarterly Report on Form 10-Q for the Quarter-Ended March 31, 2023, and June 30, 2023.

CapA was granted the extension until 31 Dec 2023 to submit PN17 regularisation plan, failure to do so will subject capA to suspension and delisting.

So GMFI and capA must be a perfect match make in heaven as both are in danger of delisting.

My question is Stony become so cheap and desperate to grab any thing on sight to stay afloat?

Please feel free to comment before I send out the above email?

https://klse1.i3investor.com/blogs/Sslee_blog/2023-11-05-story-h-215950673-INSAS_Questions_for_Insas_61th_AGM.jsp
Questions for Insas’ 61th AGM

Good morning i3lurker,
Most likely of the 40% CAPI Stony already make a side deal to divide among them

Stony: 20%
Jonathan Chan: 10%
Chairman & CEO and Managing Partner at Vigilant Assets
Alec Lee: 10%
CFO and Managing Director at Vigilant Assets
CapA: 60%

After the deal is done then dispose capA's aviation to AAX and force AAX to do another round of debt restructure (0.5 cents for every dollar owed), capital reduction and 10 to 1 share consolidation.

There after Stony, Jonathan Chan, Alec Lee and CapA can live happilly knowing they have CAPI with NPV USD1 Billion forever.

Stony will come out with new slogan instead of AA's "now everyone can fly" it is capA's "now everyone can live happilly"

How, when and where Arab can rise up when they are busy fighting each other becauae each claim their islam is more superior than your islam and they only have less than _% of a brain power as women are no allow to think and their men can't think.

qqq3 is daydreaming of medieval times and forget that Israel has nuclear bomb and can nuke Arabs into dust.

Posted by qqq47660 > Nov 4, 2023 5:54 PM | Report Abuse
Oct 7 starts the process where Arabs Turks Persians combined army march into Jerusalem

Forbidden From Using Guns, Chinese and Indian Troops Are Wielding Medieval-Style Weapons in a Border Dispute
“Clubs embedded with nails and wrapped in barbed wire” are just one type of weapon in use at the most dangerous border in the world.

Headshot of Kyle MizokamiBY KYLE MIZOKAMIPUBLISHED: AUG 14, 2023

Why not Hamas and Israel aslo have this understanding of not using modern weapon to fight the war and do a live streaming

Then many people will be like MagicalBobby Popcorn, coke and chips are all ready to watch the live streaming

Capital A International shall be made up of Brand AA Sdn Bhd and Fleet Consolidated Pte Ltd
Both Brand AA and Fleet Consolidated are newly formed subsidiaries and do not have any revenue.

Brand AA is a brand management company. It is the registered proprietor for all the rights under the AirAsia brand.
Under a master brand licensing agreement dated May 31 this year, Brand AA has the right to collect royalty fees from AirAsia Aviation Group Ltd, Capital A’s aviation division.

Fleet Consolidated, meanwhile, will primarily be responsible for the procurement and delivery of the requisite aircraft for the aviation group based on the agreed allocation plan.

The proposed deal is to merge CAPI with Aetherium Acquisition Corp (NASDAQ: GMFI), a Special Purpose Acquisition Company (“SPAC”) listed on the Nasdaq stock exchange for an indicative equity value of United States Dollars (“USD”) 1 billion based on an independent valuation of the AirAsia Brand.

Capital A International intends to generate revenue from brand royalty and the leasing of aircraft. Additionally, it will be involved in tactical acquisition, incubation and partnerships to provide platforms for entrepreneurs.

Aetherium Acquisition Corp
NASDAQ: GMFI
Share & other options
OverviewFinancialsCompare
10.88 USD +0.01 (0.09%)past 5 days
Nov 2, 10:31 EDT • Disclaimer
Open -
High -
Low -
Mkt cap 69.57M
P/E ratio -
Div yield -

If the deal is all share deal then capA will be paid in GMFI share of about 1,000,000,000/10.88 unit.
If this is the case GMFI will be a subsidairy company of capA

The question without cash injection how to solve capA PN17 status?
As at 30/6/23:
CapA
Net current liabilities of RM (11,938,731,000)
Shareholders' equity RM (8,390,820,000)
Total equity RM (10,304,487,000)

Can CapA do a debt restructure by paying creditors with GMFI share?
Or if capA sold the huge block of GMFI share for cash then GMFI most likely will drop into penny stock and capA will lose the royalty fees income to GMFI

Anyway capA by that time most likely already dispose capA aviation to AAX.

Mike-tikus aka Johnchew1-5 now got so many new enemies. Serve him right for promoting Jaks day and night 24/7/365 with his half past six FA andcTA as investment when it is clearly just a stock for trading

Posted by StingRay > Nov 3, 2023 8:57 PM | Report Abuse
Aiyo. Still playing flag flag. Only want to read view from one side. How to improve trading/investment skills? Correct? 🤣

geary
6023 posts
Posted by geary > Nov 3, 2023 10:45 PM | Report Abuse
Hahaha...Only Swines are easily lured into such good for nothing... company...insiders...outsiders...are scammers... crocodiles n piranhas...KYY already lost millions...after visited Vietnam Power Plant...plus all kena Swindled by Jaks Insiders...!?
Lagi Tak Tahu... that's why all lost until kisiao...anyhow defecating n urinating in i3...🤮😷

2 min read
God created the dog and said: 'Sit all day by the door of your house and bark at anyone who comes in or walks past. For this, I will give you a life span of twenty years.'

The dog said: 'That's a long time to be barking. How about only ten years and I'll give you back the other ten?'

So God agreed.

God created the monkey and said: 'Entertain people, do tricks, and make them laugh. For this, I'll give you a twenty-year life span.'

The monkey said: 'Monkey tricks for twenty years? That's a pretty long time to perform. How about I give you back ten like the Dog did?'

And God agreed.

God created the cow and said: 'You must go into the field with the farmer all day long and suffer under the sun, have calves and give milk to support the farmer's family. For this, I will give you a life span of sixty years.'

The cow said: 'That's kind of a tough life you want me to live for sixty years. How about twenty and I'll give back the other forty?'

And God agreed again.

God created man and said: 'Eat, sleep, play, marry and enjoy your life. For this, I'll give you twenty years.'

But man said: 'Only twenty years? Could you possibly give me my twenty, the forty the cow gave back, the ten the monkey gave back, and the ten the dog gave back; that makes eighty, okay?'

'Okay,' said God, 'You asked for it.'

So that is why for our first twenty years we eat, sleep, play and enjoy ourselves. For the next forty years we slave in the sun to support our family. For the next ten years we do monkey tricks to entertain the grandchildren. And for the last ten years we sit on the front porch and bark at everyone.

Life has now been explained to you.


So are we now actually barking at everyone at i3forum?

Repost:
Posted by Bruce_Wayne > Nov 1, 2023 11:17 PM | Report Abuse

However, Brand AA is a RM2 paid-up capital with zero revenue and Fleet Consolidated Pte Ltd is a newly incorporated company that has yet to file annual returns or financial statements (read also as no revenue).

So 2 shell companies with zero value shall have a 'indicative valuation' of US1 Billion when listed in Nasdaq?!!!

BTW Aetherium Acquisition is also a 2 man show company with non-clickable filings
( https://www.aetheriumcorp.com/public-filings )


---

Brand AA Sdn Bhd (previously AAD Data Sdn Bhd)

FYE 31-12-2022

Balance Sheet Items (RM)
Non-current assets __________________ 0.00
Current assets _________________________ 0.00
Current liabilities _____________________ 81,977.00
Share capital _________________________ 2.00
Reserves _______________________________ 0.00
Retained Earning ____________________ -81,979.00

Income Statement Items (RM Millions)
Revenue _______________________________ 0.00
Profit / (loss) before tax _____________ -46,971.00
Profit / (loss) after tax _______________ -46,971.00
---

Name:FLEET CONSOLIDATED PTE. LTD.
UEN:202313504D
Status: LIVE COMPANY
Address: 77 ROBINSON ROAD, #16-00, ROBINSON 77, SINGAPORE 068896
Industry : RENTING OF AIR TRANSPORT EQUIPMENT WITHOUT OPERATOR (EG AIRPLANES WITHOUT OPERATOR)

Annual Return: N.A
Annual General Meeting: N.A
Financial Statements Filed: N.A

"N.A" means that the company has not filed any AR with ACRA.

https://www.tis.bizfile.gov.sg/

Repost:
Posted by Bruce_Wayne > Nov 1, 2023 11:17 PM | Report Abuse

However, Brand AA is a RM2 paid-up capital with zero revenue and Fleet Consolidated Pte Ltd is a newly incorporated company that has yet to file annual returns or financial statements (read also as no revenue).

So 2 shell companies with zero value shall have a 'indicative valuation' of US1 Billion when listed in Nasdaq?!!!

BTW Aetherium Acquisition is also a 2 man show company with non-clickable filings

So what the above comment by Bruce_Wayne mean????

https://klse.i3investor.com/blogs/Sslee_blog/2018-10-06-story-h1455308290-Adam_and_Eve_original_sin_Mahatma_Gandhi_Worship_without_sacrifice_Tan_.jsp

For almost the whole of human history, from at least 2 million years ago, mankind has lived by doing what comes naturally, a nomadic life of hunter-gatherer where mankind move around from place to place over the seasons and year following the food trail. Men were hunter (Hunting animal and fish) in a small group and women were gatherer and caretaker of child (Gathering edible items of any kind from fruits/nuts/seeds to insects). Life in a nomadic society wasn’t bad as they were in many ways much healthier, stronger and happier as they hunt-gathered just enough of their foods and share all their food together since food cannot be stored. They enjoy hunting, feasting, spending their leisure time with family, caring for each other, tools making, cave paintings etc and live a life of peace, tranquility and social equality as everyone were hunter-gatherer (Equality in work and society).(Garden of Eden)

Things only come to a change a mere 10,000 year ago where women (Eve) after many years of gathering edible of any kind from fruits/nuts/seeds and insects and for her desire/want to settle down in more stable and secure life (Serpent) experimented and discovered that edible fruits/nuts/seeds can be cultivated and animals can be domesticated (tree of the knowledge of good and evil) persuaded Men (Adam) to become farmer.(The forbidden fruit)

From land cultivation and livestock farming, food can now be stored and thus allowed accumulation of wealth (original sin) a new sinful/evil and an inequality world was opened up to mankind in growing of wealth and safeguarding of wealth. (Greed/craving, cling/attachment, fear/insecurity, envy/resentment, distrust/anger, hate/prejudice, worship/sacrifice, divine/god, landlord/capitalist, slave/labor, trader/marketer, craftsman/artisan, thief/robber, we/us, they/them, tribes/nations, kingdoms/empires, leaders/tyrants, murderers/conquerors and etc) https://www.youtube.com/watch?v=TFIa3FNnFZM

The Garden of Eden (hunter-gatherer) is now gone and lost forever. What we inherited is the current world with many social ills cause by human own doing of wealth creation and accumulation.

Starting in the late 20th century, the schism deepened, exploding into violence in many parts of the Middle East as extreme brands of Sunni and Shia Islam battle for both religious and political supremacy.

The Yemeni civil war
The civil war began in September 2014 when Houthi forces took over the capital city Sanaa, which was followed by a rapid Houthi takeover of the government. On 21 March 2015, the Houthi-led Supreme Revolutionary Committee declared a general mobilization to overthrow then-president Abdrabbuh Mansur Hadi and expand their control by driving into southern provinces.[120] The Houthi offensive, allied with military forces loyal to former Yemeni President Ali Abdullah Saleh, began fighting the next day in Lahij Governorate. By 25 March, Lahij fell to the Houthis and they reached the outskirts of Aden, the seat of power for Hadi's government.[121] Hadi fled the country the same day.[122][123]

Concurrently, a coalition led by Saudi Arabia launched military operations by using air strikes and restored the former Yemeni government.[27] Although there has been no direct intervention by Iranian government, the conflict is part of the Iran-Saudi proxy conflict; with IRGC networks assisting Houthis through arms supplies, military training, logistics, strategic co-ordination and media support.[b] Saudi Arabia views activities by the Quds Forces and Hezbollah in neighboring Yemen as part of Iranian attempts to establish a satellite state in the country and trap them into a stale-mate.[124][125

Capital A’s aviation is lose making
Revenue/ASK: Q2 USD 4.22 cents cumulative 6 months USD 4.28 cents
Cost/ASK: Q2 USD 5.01 cents cumulative 6 months USD 4.72 cents
So how much loyalty fees per ASK or per passangers need to pay to Brand AA under a master brand licensing agreement dated May 31 this year.

i3lurker,
Who in capA have the authority to signed a master brand licensing agreement dated May 31 this year, Brand AA has the right to collect royalty fees from AirAsia Aviation Group Ltd, Capital A’s aviation division.

Is he/she who signed a master brand licensing agreement dated May 31 this year act in good faith and for the best interest of capA's aviation?

Post removed.Why?

After incorporating CAPI, this special purpose unit will acquire Brand AA Sdn Bhd and Fleet Consolidated Pte Ltd from Capital A. Brand AA, formerly known as AAD Data SdnBhd, is wholly
owned by Capital A, while Fleet Consolidated is a Singapore incorporated private company.

Brand AA is a brand management company. It is the registered proprietor for all the rights under the AirAsia brand.

Under a master brand licensing agreement dated May 31 this year, Brand AA has the right to collect royalty fees from AirAsia Aviation Group Ltd, Capital A’s aviation division.

Fleet Consolidated, meanwhile, will primarily be responsible for the procurement and delivery of the requisite aircraft for the aviation group based on the agreed allocation plan.

My concerns:
Capital A’s aviation is lose making
Revenue/ASK: Q2 USD 4.22 cents cumulative 6 months USD 4.28 cents
Cost/ASK: Q2 USD 5.01 cents cumulative 6 months USD 4.72 cents
So how much loyalty fees per ASK or per passangers need to pay to Brand AA under a master brand licensing agreement dated May 31 this year.

Fleet Consolidated: What assetsp do Fleet Consolidated have:
Orderbook of 362 aircraft to be delivered over the next 12 years, beginning 2024. Of the 362, financing is secured for 73 aircraft through Sales and Leaseback (SLB) arrangement with several lessors.

Will be very interest to read what Stony projection for CAPI revenue and earnning are for an indicative equity value of US$1bil based on an independent valuation of the AirAsia Brand.

All this while I thought Stony will be kind enough to list MOVE/Superapp to raise money to help capA aviation. But it turn out Stony intent to milk capA' aviation to the bone and then dispose the skeleton to AAX.

What a brilliant move. CapA already run out of Suiyee Sucker Bilis and now venture into deep sea for bigger Suiyee.

All the best to AAX, CapA and Aetherium Acquisition Corp (GMFI)

By that time Amsterdam is already the radioactive wasteland like Chernobyl.

Jayatiasa at 85.5 sen is a better buy

Ukraine by now should be the best West meet East country if only LKY is the leader of Ukraine. Instead Ukraine today is paying the price of West against East.