Dont bother with limit_up_soon.

Of course la need MOH and relevant agencies approval first. But it’s tell that kanger is serious with vaccine distribution for private kiv public use later not like mqtech, mtronic type of con company wanna involve in vaccine but not a single news. Even bintai/solution can fly high despite no MOH approval yet. Haters gonna hate

Sometimes it’s better to wake them up with broken heart rather than die with sweet dream. Haha

Government not gonna announce which company will get the right to distribute vaccine as those vaccine don’t get any approval yet to be used here.

Sinopharm phase 3 trial is the best compared to other vaccines company.

Reference is made to Kanger’s announcement on 29 September 2020 (ref no. GA1-29092020-00043) whereby the Group had entered into a three-year collaboration agreement with Sinopharm Group Hunan Changde Medical Co Ltd for the distribution of Covid-19 vaccines and medical equipment in Malaysia which are developed by China National Pharmaceutical Group Corporation (“Sinopharm”).



The Board of Directors of Kanger is pleased to announce that National Institutes of Biotechnology Malaysia (“NIBM”), an agency under the Ministry of Science, Technology and Innovation Malaysia has issued a letter which states that NIBM has no objections for Kanger to communicate with the relevant stakeholders at Sinopharm to purchase Covid-19 vaccines for private sector use in Malaysia.

Kanger flyyyyyyyy. Kstar also will flyyyyy

Here’s a good read regarding vaccine

https://www.washingtonpost.com/graphics/2020/health/covid-vaccine-update-coronavirus/

@dulong since when gov gives distribution right for pharma/bio to distributor vaccine? If sinopharm vaccine got green light, kanger will distribute them via zulleig pharmaceutical which is largest vaccines and cold chain pharmaceutical distributor in Asia excluding China and Japan, the move comes as the company prepares for the anticipated storage and distribution demands of COVID-19 vaccines.

https://www.klsescreener.com/v2/announcements/view/3215691

Can see in the announcement details.

I’m very confident that CHL is the new substantial shareholder via PP. summore already purchased 3 plot of lands in ijok, I foresee TP at least RM1 but need strong holding power.

Kanger International Bhd also unveiled that it had received a formal expression of interest from Dubai-based Constellation Holdings Ltd (a procurement agent for PPE and medical equipment to the United Arab Emirates' Ministry of Health and Prevention). Kanger said Constellation was willing to collaborate either through: direct equity participation, such as a JV; or indirect equity holdings via an investment in Kanger, whereby the Emirati company becomes a substantial shareholder through a private placement.

Hopefully we can expect kanger to publish SPA as regard of land purchase in ijok for glove manufacturing line. Plus it is possible that investor who will become substantial shareholder after acquires pp is constellation holding dubai

Till pp fully subscribed please don’t get your hope high as share price not gonna rocket. That’s how pp works.

Pp not yet done. Only done first tranche. 2nd tranche just announce its price.

Pp not complete yet.

Lol blamed kyy. You all should have your own strategy when to enter and exit. Instead of follow blindly kyy. If he eats poo, you also will eat ka?

Let’s see first whether can break 0.2 resistance or not.

Director disposed to another person of which will be emerged as new director.

Awaiting game for pp to be fully subscribed. Later go fly2

Im holding 2000 lots at 0.215 after average down. Im using cash plus there’s no urgency to use the money. I can hold till my TP 1 ringgit. Haha

Maybe this is the investor who’s gonna buy 20% of kanger shares

The EOI expresses Constellation's willingness to collaborate with Kanger through several options, which include direct equity participation in the formation of a joint-venture entity and/or indirect equity holding in the glove manufacturing operations via investment in Kanger through a private placement exercise, wherein Constellation will seek to become a substantial shareholder of Kanger," the group said.

Not gonna gap up lor. Haha.

@chua not for debt payment. You can see purposes of pp in kanger announcement. Half of the pp will be used for healthcare including vaccine

Here’s some good article regarding private placement

....…........................

Private Placement structure generally will use PVWAP 5 days average to get the Fixed Price for Placement. What does it mean by PVWAP?

PVWAP = Previous Volume Weighted Average Price or Last 5 days Volume Multiply with Average Price

This scenario is to get the Final Agreed price for placement of new shares. Generally it will be capped at max 10% per allotment. The reason generally why a share price most likely will run up before Placement is done is because the company can raise more cash with higher PVWAP recorded.

Give you an example for easy understanding:

Case 1:
Company Price = RM 1
Shares outstanding = 100m
Market Cap = RM100m
Raising 10% for PP @ RM1 = RM10m for 10m shares
New shares outstanding = 110m (your P/E, EPS and ROE will be diluted, last time divide by 100m now 110m)

Case 2:
Company Price = RM 1
Shares outstanding = RM100m
Market Cap = RM100m
Look for good price before doing the PP, example market peak @ price 1.50, use the PVWAP 5 days let's say @
RM1.40 = RM14m raised. (same amount of shares post pp 110m, amount diluted is same but amount raised improved 4m)

Next Question: Does Private Placement Good?
Corporate Exercise on raising funds is depending on the objective of the company.

1. For what to raise the money
2. Will be the new biz promising or white elephant project
3. What is the placement price given, discount or premium
4. Shareholders confience


Put it in a simple manner:

Ali and Ah Chong is starting a burger business. Each take 10k out for start up. After some time, they need more money for their burger biz. So they ask Muthu to come in and invest 2k.Your question is, asking additional money from Muthu is good or bad?

Answer: Depends on why they wana ask Muthu to come in as shareholder and invest 2k. Maybe they want expertise from Muthu to contribute selling tosai at burger stall to expand become mamak + burger stall. Then the placement is good.

If a company is raising cash to pay debts, it does not carry business value. It cant increase the company's business. It damages the shareholders value by dilluting the shares holding. But why company still do it? Generally it is cash strapped and high gearing. Not enough cash to pay debts then place out shares to get money from shareholders.

Will the price move up or down?

During the PP exercise, the share price will be maintained above the PVWAP. Why? If the mother price is trading below PP price, why would you want to pay RM500k per block to subscribe? Just buy from open market will do since it is cheaper. How about post Private Placement. That one I can't comment much. You read back and you will get the answer.

Lol. Everyone simply wanna this counter to fly. PP not even subscribe yet. Till then, stop speculating good news whatsoever. My advise, either you cut loss if in need of money or keep in freezer.

Bs counter like mqtech

This one scam like mqtech. From glove to vaccine. Share price from 0.045 shot till 30 sen then dropped like shit

As i said. Operators not gonna push the price due to private placement.

For company that ongoing pp. TA you can flush into toilet.

As i said. Kanger will not fly till pp is complete. Need to wait till jan/feb 2021

Please don’t forget that pp not complete yet. Sharks not gonna push price higher than 0.20 until all 20% shares is subscribed

You need to wait till all pp being subscribe first before it can fly. For the moment price not gonna go up like rocket, mostly will fluctuate a little

Pp not yet complete. At least till january 2021

Technical chart alone cannot predict lor.

The Group intends to pursue business expansion/ future viable investment into the healthcare industry. The Group may also expand via joint venture, collaborative arrangements, business agreements, and/ or mergers and acquisitions of businesses or investments that will be in the healthcare industry/ sector. The proceeds which may be raised from the Proposed Private Placement shall be utilised to finance any suitable and viable potential business(es)/ investment(s), which may include, but not limited to, investment(s) in healthcare business(es) or asset(s) to facilitate the Group's venture into the healthcare industry. As this junture, the Group is still exploring options for identifying suitable business(es)/ investment(s) or strategic acquisition(s)/ collaboration(s) and will continuously seek and identify such opportunities.
Notwithstanding the above, on 29 September 2020, Kanger and Sinopharm Group Hunan Changde Medical Co Ltd ("Sinopharm Hunan Changde") had entered into a strategic collaboration agreement to collaborate as each other's strategic representative or partner to undertake the distribution of COVID-19 vaccine and medical equipment developed by China National Pharmaceutical Group Corporation ("Sinopharm") in the Malaysian market ("Collaboration Agreement"). For further clarification, the parties will enter into a definitive distribution agreement to set out further terms and conditions of the collaboration.
Kanger shall make the necessary announcements in accordance with the Listing Requirements as and when new business(es)/ investment(s) which are likely to materialise have been identified. If the nature of the transaction requires shareholders' approval pursuant to the Listing Requirements, Kanger will seek the necessary approval from its shareholders, including approval for the proposed diversification into the healthcare industry.


Private placement 30 millions for healthcare industry including vaccine undertaking from sinopharm

This friendship sure high on weed. Where the heck did sinopharm JV with titijaya to set up vaccine hub? Stop misleading other forumers here.

That’s what will happen if private placement not yet complete. How to attract investor if price to high. Give or take need to wait pp complete first then can see.

Lol. Generex not even in stage one yet.

I hold kanger 2500 lots at 0.215 after average down. I play cash so i can hold till 1 ringgit. Haha

I will hold kanger till tp 1 ringgit

Too paranoid with vaccine of which titijaya don’t even mention about it lol. Please dont be deceived by someone who bought at higher price

Tomorrow will fly

If reading technical analysis is easy everyone would be rich already. Lol

Every stocks dead. Go genting better

You cannot do anything with current uncertainty with stupid malaysia politics. At least with mou with biggest vaccine distributor zulleig pharma showed that kanger is serious in bringing vaccine to malaysia unlike other vaccine counters

With this MOU, Kanger will collaborate with ZP to facilitate the import, warehousing, and distribution of Covid-19 vaccines in Malaysia.
Sinopharm will export/ship the Covid-19 vaccines to Malaysia. Services required from ZP are importation upon arrival, warehousing, inventory management, pick, pack, delivery to customers, collection & credit risk assumption. Both Parties agree to discuss other services required, if any.

Kanger will coordinate with SGHC to facilitate the availability of the Covid-19 vaccines and will advise ZP accordingly. Kanger will also liaise with the authorities in Malaysia and provide sales and marketing services.

With this MOU, Kanger will collaborate with ZP to facilitate the import, warehousing, and distribution of Covid-19 vaccines in Malaysia.
Sinopharm will export/ship the Covid-19 vaccines to Malaysia. Services required from ZP are importation upon arrival, warehousing, inventory management, pick, pack, delivery to customers, collection & credit risk assumption. Both Parties agree to discuss other services required, if any.

Kanger will coordinate with SGHC to facilitate the availability of the Covid-19 vaccines and will advise ZP accordingly. Kanger will also liaise with the authorities in Malaysia and provide sales and marketing services.

ZP (Company No. 196001000352 (4013-D)) is a private limited company duly incorporated in Malaysia and having its registered office at No. 15, Level 2, Persiaran Pasak Bumi, Seksyen U8, Perindustrian Bukit Jelutong, 40150 Shah Alam, Selangor Darul Ehsan, Malaysia.
ZP, with its affiliates in 13 countries, is Asia’s largest healthcare and medical device product distributor. In Malaysia, ZP started its business in 1939. Today, it operates healthcare distribution facilities both in West Malaysia (Klang Valley) and East Malaysia (Kota Kinabalu and Kuching).
ZP is currently the largest vaccine distributor in Malaysia and in Asia and has extensive capabilities to warehouse and distribute such products in temperature-controlled environments. As such ZP is holding the required licenses issued by the Malaysian Government to handle vaccines.

The Board of Directors (“Board”) of Kanger wishes to announce that the Group had entered into a Memorandum of Understanding (“MOU”) with Zuellig Pharma Sdn Bhd (“ZP”) (collectively referred to as “the Parties”) on 23 October 2020 to collaborate on the distribution of Covid-19 vaccines in Malaysia.