MZM,

"to be satisfied entirely via cash." means what? Can't be bank borrowing?

Read below and see whether you understand the meaning of "satisfied entirely in cash"

The Purchase Consideration will be satisfied entirely in cash in the following manner:-

___________________________Minimum Scenario________________Maximum Scenario
Source of funding_________________RM'000________________________RM'000

Cash consideration________________ 18,977_______________________ 142,870
Bank borrowings_________________ 123,893__________________________ -
Purchase Consideration___________ 142,870________________________142,870

On the date of the SPA, Kanger Ventures had paid a deposit amounting to 10% of the Purchase Consideration ("Deposit") to AKSB in accordance with the terms and conditions of the SPA. The remaining 90% of the Purchase Consideration shall be paid in tranches within 54 months from the unconditional date of the SPA in the manner as set out in Appendix III of this Circular.

Under the Maximum Scenario, Kanger is expected to raise up to approximately RM171.72 million from the Proposed Rights Issue with Warrants and the Purchase Consideration shall be financed entirely via the proceeds to be raised from the Proposed Rights Issue with Warrants.

Under the Minimum Scenario, Kanger will raise RM20.00 million, of which RM18.98 million is earmarked for the partial settlement of the Purchase Consideration. As such, there will be a shortfall of approximately RM123.89 million between the Purchase Consideration and the proceeds earmarked for the partial settlement of the Purchase Consideration ("Shortfall").
It is our Board's intention to finance the Shortfall entirely through bank borrowings.

For shareholders' information, as 31 March 2021, our Group's bank borrowings amounted to RM59.22 million.


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Would you pay cash for your condo? Of course yes, if the money is contributed by some generous people.

The directors are like you, hoping to pay full cash, without bank borrowing, for the properties as the money is from generous shareholders who are always willing to give in to cash call.

But I think more shareholders are getting smarter not to blindly contribute to company fund raising.

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Also note the following and don't complain of not seeing any returns for so many years

Antara @ Genting Highlands is under construction and development (with approximately 12% completion as at the LPD) with expected completion by January 2026. The proposed development will be carried out in 2 phases; the first phase of the development shall comprise the podium block together with Blocks A and B and the second phase shall comprise Blocks C and D. At this juncture, the first phase of the development is anticipated to be completed by June 2025.

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There are many other questions regarding the purchase if you are willing to look at it objectively.

I can only tell you the ending will likely not be sweet for the shareholders.

You should ask Mr Kuah, why he decided to raise RM172 million if he needs only RM20 million for the acquisition. Of course more free money from shareholders will be good for him to spend lavishly.

How much was wasted on the glove business ? Too much cash will make the directors complacent. And greed will make the money flow out easily.

Post removed.Why?

Need to do shares consolidation to reduce NOSH, then only uptrend can be easier to maintain.
Or get a bigger figure for Other Income to give a higher EPS. Wait for next QR to see.
Don't forget it has 2 fat babies to lift up too.

What happened to the glove business?
Invested 77mil, any positive update or just part of spending spree.

As at 31/3/21, Kanger has
Cash = 81.72 mil
Debt = 66.01 mil

FINTEC has far more cash than Kanger

And many more loss making penny stocks are net cash

Mostly, the cash are from fund raising by share issuance via RI, ESOS or PP

And mostly, the cash will be 'legally' flowed out of the company over time, by acquiring inflated-priced assets, penny stocks investment, etc

Aggressive promoter at work.

You should show the way by buying at lowest possible price (0.005) and sell for 100% profit by 7/9/21 last trading day for OR.

I think better option is to buy the mother at below the RI price instead of subscribing for the RI.

Let Mr Kuah dig his pocket to pay for his own fund raising exercise.

Extracted from latest QR

Revenue 15,817
Cost of sales (13,850)
Gross profit 1,967
Other income 48,024
Operating expenses (14,367)
Profit from operations 35,624
Finance costs (213)
Profit before taxation 35,411

If without the "Other income", there will be a LOSS of RM12,613,000

Can there be huge "Other Income" item to turn losses to profit in subsequent quarters?

Good luck to all long term holders.

Post removed.Why?

Important date

RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,207,787,815 NEW ORDINARY SHARES IN LAMBO GROUP BERHAD ("LAMBO" OR THE "COMPANY") ("LAMBO SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE TOGETHER WITH UP TO 483,115,126 FREE DETACHABLE WARRANTS IN LAMBO ("WARRANTS C") ON THE BASIS OF 5 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 12 AUGUST 2021

Closing date for Acceptance, Renunciation and Payment : 27 Aug 2021

Date for announcement of final subscription result and basis of allotment of excess Rights Securities 06 Sep 2021

==========================

Looking forward to 6/9/21, to see the response to the Rights Issue.

COMPLETED RI at 0.09

RENOUNCEABLE RIGHTS ISSUE OF UP TO 755,123,412 NEW ORDINARY SHARES IN MLABS ("MLABS SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.09 PER RIGHTS SHARE TOGETHER WITH UP TO 440,488,657 FREE DETACHABLE WARRANTS IN MLABS ("WARRANTS C") ON THE BASIS OF 12 RIGHTS SHARES TOGETHER WITH 7 FREE WARRANTS C FOR EVERY 2 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 13 NOVEMBER 2020

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Trade wisely, be careful of company doing fund raising

Post removed.Why?

Current price lower than RI price,

Can buy from market if intended to subscribed RI.

Lesser new shares issued means lesser dilution in EPS and shareholders equity

Let Mr Kuah subscribe most of the RI to fund his projects, he will be more diligent to ensure success

MZM,

Mr Chai is inside KANGER, he is be better than Mr Kuah in corporate exercise. Google to find out

Wait for announcement of substantial shareholders, maybe he will be one.

Not many things are free in life

Look at G3 price crashing down after BONUS SHARES and BONUS WARRANT

Not many things are free in life.

Goreng up to give bonus shares and free warrants, turning the company into BILLION-SHARE penny stock.

10 years of losses and still can afford to give bonus shares and bonus warrant?

How did the company get approval from BURSA regulatory bodies ?

=========================================

G3 GLOBAL BERHAD ("G3 GLOBAL" OR "COMPANY")

BONUS ISSUE OF 1,602,152,061 NEW ORDINARY SHARES IN G3 GLOBAL ("BONUS SHARE(S)") ON THE BASIS OF 3 BONUS SHARES FOR EVERY 1 EXISTING ORDINARY SHARE IN G3 GLOBAL HELD ON 24 MARCH 2021 ("BONUS ISSUE")

On behalf of the Board, M&A Securities wishes to announce that the Bonus Issue has been completed following the listing of and quotation for the following securities on the Main Market of Bursa Securities on 25 March 2021:

(i) 1,602,152,061 Bonus Shares pursuant to the Bonus Issue; and

(ii) 254,097,873 Additional Warrants arising from the adjustment to the number of outstanding Warrants pursuant to the Bonus Issue.

This announcement is dated 25 March 2021.

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Total issued shares = 2,164,246,748
WA = 310753164

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TAYOR

PUAN already locked in lots of profits.

27 Aug 2021 27 Aug 2021 Disposed 421,500 MR PUAN CHAN CHEONG
27 Aug 2021 26 Aug 2021 Disposed 745,100 MR PUAN CHAN CHEONG
27 Aug 2021 25 Aug 2021 Disposed 3,430,000 MR PUAN CHAN CHEONG
25 Aug 2021 23 Aug 2021 Disposed 5,950,000 MR PUAN CHAN CHEONG
25 Aug 2021 24 Aug 2021 Disposed 2,000,000 MR PUAN CHAN CHEONG
23 Aug 2021 18 Aug 2021 Disposed 29,642,500 MR PUAN CHAN CHEONG


27 Aug 2021 27 Aug 2021 Disposed 421,500 GREEN PACKET BERHAD
27 Aug 2021 26 Aug 2021 Disposed 745,100 GREEN PACKET BERHAD
27 Aug 2021 25 Aug 2021 Disposed 3,430,000 GREEN PACKET BERHAD
25 Aug 2021 23 Aug 2021 Disposed 5,950,000 GREEN PACKET BERHAD
25 Aug 2021 24 Aug 2021 Disposed 2,000,000 GREEN PACKET BERHAD
23 Aug 2021 18 Aug 2021 Disposed 29,642,500 GREEN PACKET BERHAD

Extracted from Annual Report

List of 30 largest shareholders
8. Chai woon chet 29,000,000 1.04%
9. Kuah choon ching 25mil 0.89
30. Lee chong wei 7.5mil 0.27

No. 8 is director in loss making penny stocks anzo, oversea, m3tech and have stakes in other (mostly loss making) penny stocks

No. 9 has undertaking to subscribe rm20 mil of RI at 6cts per share

No substantial shareholders (5% or higher) as at 30 July 2021

Is it someone pushing down the price to below RI price of 6cts?

Let's wait to see any boardroom changes if some substantial shareholders appear.

FOR NEW NEWBIES

Ex-date = 27 Aug 2021
Ex-Price = 0.05

Price per rights share = 0.06

================================

Trading Rights (OR) = 01 Sep 2021 - 7 Sep 2021

Acceptance and Payment = 15 Sep 2021 05:00 PM
Date for announcement of final subscription result 23 Sep 2021

Listing Date = 30 Sep 2021

You can roughly gauge retailers response to rights issue application when the OR is traded from 1/9 - 7/9

Current Total issued share = 2,796,130,182

Assuming RI is fully subscribed,
total issued shares = 5,592,260,364
New WB = 2,796,130,182


=======================================
If full subscribed , total amount raised = RM167,767,810

If under-subscribed, minimum amount needed to be raised = RM20 million

TAKE NOTE :

The Proposed Rights Issue with Warrants will be undertaken on a Minimum Subscription Level, after taking into consideration the minimum level of funds we intend to raise amounting to RM20.00 million, which would entail a minimum subscription of 333,333,334 Rights Shares based on the issue price of RM0.06 per Rights Share.

In order to meet the Minimum Subscription Level, the Undertaking Shareholder had provided his irrevocable and unconditional undertaking to subscribe for his entitlement in full of the Rights Shares and additional Rights Shares not taken up by other Entitled Shareholders and/ or their renouncee(s) by way of excess application, if necessary, to the extent such that the Minimum Subscription Level is met.

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Current stock price = 0.045

If price stays below 0.06, KANGER-OR will be like LAMBO-OR trading at 0.005 seller quote.

Trading Rights (OR) = 01 Sep 2021 - 7 Sep 2021

=========================================

TAYOR

Post removed.Why?

Post removed.Why?

Probably Mr market is trying to tell us that the RI @6 is overpriced. For retailers who had intended to take up the RI should buy from market @4.5 or lower, forget the free warrants. Let Mr Kuah alone subscribe for the RI as his undertaking to the fund raising exercise. This way, total new shares to be issued will be less and this is good for all shareholders.

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Can you point me to the explanation for "Other income"
Or is it suppose to be a hidden item that only an accountancy graduate can figure out?

Name of Shareholders Shares Held (%)

1. M & A Nominees (Asing) Sdn. Bhd. 146,830,800 16.43
- Sanston Financial Group Limited for XOX (Hong Kong) Limited

2. Lim Seng Boon 57,105,000 6.39

3. M & A Nominee (Asing) Sdn. Bhd. 41,383,081 4.63
- Exempt an for Sanston Financial Group Limited (Account Client)

4. XOX Bhd 32,049,200 3.59

5. GV Asia Fund Limited 19,959,600 2.23

6. Lim Siew Ching 18,150,000 2.03

7. Lai Yee Ling 15,861,600 1.77

8. Goh Lee Lang 14,596,140 1.63

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Major shareholder XOX and Sanston nominee account !!!

Loss making penny stock investing in another loss making penny stock

MZM,

Revenue 15,817
Cost of sales (13,850)
Gross profit 1,967
Other income 48,024
Operating expenses (14,367)
Profit from operations 35,624
Finance costs (213)
Profit before taxation 35,411

If without the "Other income", there will be a LOSS of RM12,613,000

Can you explain in more details on how the accounting works?

Losses turned into profit.

Time to goreng up the stock price?

Post removed.Why?

Bcmall share price dipped drastically even before the listing of rights shares. Kanger share price dropped below rights issue price after ex date.

Will pdz suffer similar fate?

Too many loss making penny stocks doing cash call asking shareholders to come out with more money to sustain loss making business.

What is happening ?

Could be some unhappy substantial shareholders pushing down the price to make the director Mr Kuah as the sole contributor to pay for the fund raising of RM20 million required by the company.

(Mr Kuah has given his undertaking of subscribing a minimum of RM20 million)

This way, Mr Kuah will be more committed to bring in the profits to have a higher share price in near future.

At this price, the OR will be like LAMBO-OR trading at 0.005 seller price

Retailers could wait for the Date for announcement of final subscription result on 23 Sep 2021
to have a clearer picture

TAYOR

Post removed.Why?

FOR NEW NEWBIES

RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,220,467,629 NEW ORDINARY SHARES IN BCM ALLIANCE BERHAD ("BCM" OR "THE COMPANY") ("BCM SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE TOGETHER WITH UP TO 1,017,056,357 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 5 FREE WARRANTS FOR EVERY 4 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 26 JULY 2021 ("RIGHTS ISSUE WITH WARRANTS")

===========================================

Total valid acceptances 620,327,611 66.1
Total valid excess applications 335,623,055 35.7
Total valid acceptances and excess applications 955,950,666 101.8
Total Rights Shares available for subscription 938,821,251 100.0
Over-subscription 17,129,415 1.8

Under subscription by retailers. Supported by excess application from operators, substantial shareholders and directors

==========================================

Kindly be advised that the abovementioned Company's additional 938,821,251 new ordinary shares issued pursuant to the aforesaid Rights Issue with Warrants will be granted listing and quotation with effect from 9.00 a.m., Monday, 30 August 2021.

We are also pleased to advise that BCM’s 782,350,787 Warrants A issued pursuant to the Rights Issue with Warrants will be admitted to the Official List of the Exchange and the listing and quotation of the Warrants A on the ACE Market, will be granted with effect from 9.00 a.m., Monday, 30 August 2021.

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Enlarged total issued share = 1,564,702,090
WA = 782,350,787

If WA fully converted, total issued share exceed 2.3 BILLION !!!

Welcome to BILLION-SHARE penny stock club

=====================================

WA = 782,350,787
Issued on 2021-08-25
Maturity 2024-08-24
Tenure = 3 years
Exercise Price = RM0.10

WA listed today, Ref price = 0.005; opening price 0.015
Share price opening 0.065

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Take note of exercise price and trade wisely

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TAYOR

Post removed.Why?

How do you define success for Kanger's RI ?

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The Proposed Rights Issue with Warrants will be undertaken on a Minimum Subscription Level, after taking into consideration the minimum level of funds we intend to raise amounting to RM20.00 million, which would entail a minimum subscription of 333,333,334 Rights Shares based on the issue price of RM0.06 per Rights Share.

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The director, Mr Kuah has given his undertaking of the above.

If the director subscribes for most of the rights issue to pay for the fund raising, he is showing other shareholders of his confidence in the future of Kanger.

It will good for all to move forward.

==================================

TAYOR

QR is out today, positive or still negative ?

Look for better future but remember the past

Post removed.Why?

FOR NEW NEWBIES

Ex-date = 27 Aug 2021
Ex-Price = 0.05

Price per rights share = 0.06

==========================

Trading Rights (OR) = 01 Sep 2021 - 7 Sep 2021

Acceptance and Payment = 15 Sep 2021 05:00 PM
Date for announcement of final subscription result 23 Sep 2021

Listing Date = 30 Sep 2021

You can roughly gauge retailers response to rights issue application when the OR is traded from 1/9 - 7/9

Current Total issued share = 2,796,130,182

Assuming RI is fully subscribed,
total issued shares = 5,592,260,364
New WB = 2,796,130,182


=======================================
If full subscribed , total amount raised = RM167,767,810

If under-subscribed, minimum amount needed to be raised = RM20 million

TAKE NOTE :

The Proposed Rights Issue with Warrants will be undertaken on a Minimum Subscription Level, after taking into consideration the minimum level of funds we intend to raise amounting to RM20.00 million, which would entail a minimum subscription of 333,333,334 Rights Shares based on the issue price of RM0.06 per Rights Share.

In order to meet the Minimum Subscription Level, the Undertaking Shareholder had provided his irrevocable and unconditional undertaking to subscribe for his entitlement in full of the Rights Shares and additional Rights Shares not taken up by other Entitled Shareholders and/ or their renouncee(s) by way of excess application, if necessary, to the extent such that the Minimum Subscription Level is met.

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If price stays below 0.06, KANGER-OR will be like LAMBO-OR trading at 0.005 seller price.

Watch out for these date :

Trading Rights (OR) = 01 Sep 2021 - 7 Sep 2021

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TAYOR

You read wrongly?
Dato Ngu sold 9.5 mil shares in Heritage Winners and bought 9.5mil shares in Timur Enterprise. Right hand to left hand.

Right hand fried, left hand eat

Post removed.Why?

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Can try to buy at 0,05 from market instead of buying the rights at 0.06.

MZM what your comment?

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