Impairment of assets arise when its carrying amounts (i.e. net book value)exceeded its recoverable amount (its could be fair value/disposable value less cost to sell or value in use/economic value (estimated discounted future cash flow generated by the assets), whichever is higher). MFRS136.8. Since Krono had underwent a thorough review of the economic value of their installed infrastructure(assets), in which they found that there is indication of impairment when COVID19 had become a pandemic in March 2020 causing certain of their customers/cash generating unit facing financial difficulty which had affected their future sales/cashflow generated from these assets which also leading decrease in sales in Q12020. These impairment is reversible if there is event that cause favorable effect of these assets or increased in the value of its recoverable amount, MFRS136.111 & MFRS136.114. This is why sales in Q12020 dropped causes impairment was booked. (Disclaimer: This are just my assumptions, trade at your own risk) :P

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5912285 EPF collecting on 6/9/2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5681913

Happy Trading :)

https://oilprice.com/Energy/Energy-General/The-Oil-Market-Is-Already-Balanced.html

Crude 66.20
Brent Crude 69.87
https://tradingeconomics.com/commodity/crude-oil

selling treasury share is either get cash or for easy management of share capital (to calculate the Right issue Entitlement as the Company can't issue Right issue to themselves) for the coming Right issues i.e. subscribe 2 right shares and give 1 bonus issue shares. However, not sure when the Right issue will be approve by SC...
But the person who bought 12 million shares yesterday is very suspicious...

http://www.thestar.com.my/Business/Business-News/2014/06/20/Reach-Energy-gets-SC-nod-to-list-to-raise-RM750m/

haiing83@yahoo.com thanks you Captain chang21

Hk Wong, how u apply through private placement??