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RUBBISH STOCK. 老千股.

We refer to your Company’s announcement dated 30 May 2024 in respect of the aforesaid matter.



In this connection, kindly furnish Bursa Securities with the following additional information for public release:-



1. To breakdown the sources of funds for the Purchase Consideration, and to state clearly the amount to be funded by proceeds raised from the rights issue exercise completed on 14 July 2023 and details of the other sources.



2. To provide the following additional information in relation to the rights issue exercise completed on 14 July 2023:



(a) actual proceeds raised and breakdown of the proposed utilisation.

(b) amount of proceeds utilised as at the latest date and detailed explanatory note(s) on each item.

(c) amount of proceeds remains unutilised as at the latest date, breakdown of the intended utilisation and detailed explanatory note(s) on each item.

(d) amount of proceeds from the rights issue to be used to fund the Proposed Acquisition.

(e) whether shareholders’ approval is required for the variation in utilisation of proceeds.



3. To provide further explanation, and the terms and conditions, for the payment of the instalments amounting to RM14.45 million (equivalent to 85% of the Purchase Consideration), and to quantify the amount paid as at to-date.



4. To provide the following additional information in respect of the internal assessment carried out by the Group’s management:



(a) to explain the “existing condition”.

(b) to incorporate details on the “recent transacted properties of similar nature or those offered for sale in the area” considered by the management including date of transaction/advertisement, address/location, age, condition, level, type and size of properties, transacted/offer price and transacted/offer price per square feet.

(c) to provide further justification(s) that RM526 per square feet is a “low entry price”.

(d) to tabulate the original selling price of the developer against the Purchase Consideration of each unit.

(e) to explain “Net Purchase Consideration” and the amount added to / deducted from the original selling price of each unit.

(f) whether the Purchase Consideration of each unit is entitled to discount for bulk purchases, and if relevant, to quantify the amount of discount and in term of % to the developer’s original selling price, and to state whether the discount rate is within the market rate.

(g) if no discount for bulk purchases, to provide explanation for such arrangement.



5. To state the Company’s immediate and long-term plans for the retail shops. If they are proposed to be let out, to state the expected rental income per annum.



6. To state the date of launch and the % of completion of Louvre Residence Country Heights Kajang.



7. Since CLASSITA will acquire more than 60% of the retail shops, to explain on the management of the retail shops and shopping mall.



8. Since the properties to be acquired will be used for property investment and trading, to state whether the Proposed Acquisition will result in a diversification in operations carried on by CLASSITA pursuant to paragraph 10.13 of the Main Market Listing Requirements.



9. To elaborate further on the risks of investment in retail shops.



10. To tabulate the financial effects of the Proposed Acquisition on the net assets, gearing and earnings per share.



11. To provide the basis and justification to derive at the rate of 20% of the Purchase Consideration as the agreed liquidated damages in the event of a default by the purchaser, and to state whether it is the standard commercial rate for transactions of similar nature.



Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.





Yours faithfully









Listing

Regulation



c.c. : Market Surveillance Dept., Securities Commission (via email)

This coming QR announcement due date is on 30th June. The reporting QR period is from 1st Feb 2024 to 30th April 2024.

Tomorrow, break RM1.20 ???

Hit RM1 today ???

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3306695

Anyone attended AGM yesterday ? please share information. TQ

Sapulah !

BURSA will be seriously impacted. 50% increased in Stamp Duty and RM200 cap removed will affect big traders dramatically. The good thing is , there will be less manipulations by day traders.

RM8 ??? No problem.

RM7 ? No problem lah, just need a bit of time.

This coming QR will be the catalyst.

Aug 2021 coming

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3171648

MD don’t know,?? absolutely bullshit.

I think the buyers today and the sellers today belong to the same team.

Maybe got some suckers bought some today , imagining it is cheap.

RM6.00 ? Still cheap, just wait for August to come, and YOU will know.

Fair price 10 sen +-

5.90 ? still cheap, big jump in dividend coming, profit doubled !

5.80? Still cheap

If you wish, can wait for another 3 months, full year result.

5.70 ? still very cheap. Easily above RM6.

gap up Monday opening

due date tomorrow

Below RM5

Buying opportunity.

Haut ah! Huat Huat ah !

It is Public Mutual who sold down Paramount shares not long ago. Maybe they need the money for redemption.

Average 71.65 sen

Joyce Lee, getting my keys around the end of December, those on lower floors already get their keys.

Paramount results okay for this q as well as next q.

Joyce Lee, your patience to wait below 70 sen actually came to fruition, and that is good.

Your indecisive decision and fear got in your way, and that is bad.

Always stick to your plan, not to your emotion.

Follow your brain, not your heart.

I noticed many of you guys always overly negative as well as overly positive.

When in peace, prepare for war, when in war , prepare for peace.

https://www.youtube.com/watch?v=0fLHLx71ilQ&feature=share&fbclid=IwAR3PlRsTlEAM3wqW_9vW4sPlSNqrFMEwTYQggPFw64ihmpsqfA_HudQo4bU

Paramount received a lot of payment for the last few months.

71 sen, good buy.

Don’t wait below 70 sen, likely you will miss a great opportunity.

No impact lah. Common for corporate to borrow money to support their business, Land is not cheap , need financing.

Have to write off all airasia debts

If got money, averages down.

Agree with dex, hold.

Why? It worth a lot more.

Why ZZzzzz....?

If you are hoping to live on the income from dividends, it’s important to be a lot more stringent with your investments than the average punter.

With Paramount Corporation Berhad yielding 8.0% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. We’d guess that plenty of investors have purchased it for the income.

https://www.pcb.my/investor-relations/dividend-history/

Dividend average ???? see for yourself.

Never pay a single sen back to shareholders after so many years in business, now want to raise RM2 billions, look like a scam company to me.

Good returns from last two trading days. From paper loss to paper gain. Average cost below 78 sen

More than 10% of my portfolio value invested in Paramount

July 2020 passenger number up 3 folds to 1.2 millions

BabyAce, as for me, When is time to sell , I will sell, usually just before ex dividend date.

Interim dividend

Yes, along with Q2 announcement.

Buy before the dividend announcement.