Posted by trading2019 > 2019-11-12 22:42 | Report Abuse

And the Champion counter goes to....

Posted by RoboTop > 2019-12-19 06:52 | Report Abuse

Looks like volume is picking up. Perhaps someone is busy collecting.

Posted by RoboTop > 2020-01-17 06:57 | Report Abuse

G Neptune to be taken over by Singapore’s LHO Holdings

KUALA LUMPUR (Jan 16): Dormant IT solutions provider G Neptune Bhd has proposed an internal reorganisation that will allow Singapore-owned LHO Holdings Bhd to gain control of the ACE Market company and a backdoor listing for LHO.

As LHO’s parent company, Singapore-based Octopus Holdings Pte Ltd, will hold an 86.09% stake in LHO post reorganisation, Octopus will make a mandatory general offer (MGO) to acquire the remaining LHO shares, allowing shareholders of G Neptune an opportunity to exit the company.

In a bourse filing, the Guidance Note No 3 (GN3) company which has ceased operations since FY2018, said it has proposed the exchange of its entire issued shares for 28.88 million new ordinary shares in a new investment holding company namely LHO, on the basis of 1 LHO share for every 10 existing G Neptune shares held by its shareholders.

Upon completion of the proposed share exchange, LHO which is principally involved in the provision of market expansion services for third party brands of beverage products in Malaysia and Singapore, will be the new holding company of G Neptune and will assume its listing status.

Following this, G Neptune has also proposed to issue up to 2.89 million free LHO irredeemable convertible preference shares (ICPS) on the basis of one free LHO ICPS for every 10 LHO shares held by the entitled shareholders.

Upon completion of the proposed exercise, Octopus Holdings will undertake a mandatory general offer (MGO) to acquire the remaining LHO shares, providing the existing shareholders of G Neptune an option to exit in the event that they are not interested in the new core business of LHO.

Under its market expansion services, LHO Asia Group’s business activities relate to brand expansion, marketing and sales, sourcing, procurement, importation and supply, warehousing, distribution and logistics of beverage products.

Subsequent to the proposed internal reorganisation and proposed MGO, LHO will propose a private placement to meet the public shareholding spread requirement.

The total gross proceeds to be raised from the proposed private placement is RM21 million. LHO intends to utilise up to RM14.5 million for the LHO Asia Group to pay its suppliers for the purchase of inventories and RM3 million for the expansion of its in-house brand and new brands.

The proposed regularisation plan is expected to be completed by the third quarter of 2020.

Posted by faezudean > 2020-02-13 11:55 | Report Abuse

I know it's a noob question, but just out of sheer curiosity... what's the next thing to expect?

Posted by bleuerouge > 2020-03-12 16:17 | Report Abuse

try 3.5c

Posted by Lich > 2020-08-07 01:51 | Report Abuse

it's a scam. My aunty's grandmother's great grandson's friend's friend's friend's pet said bursa rejected the proposal.

Posted by lanlee > 2020-08-09 21:26 | Report Abuse

this counter up or not, monday...

Posted by Magnetic > 2020-08-18 09:37 | Report Abuse

Up up up! Ini kalilah, white knight coming

Posted by jewaputra > 2020-08-26 17:11 | Report Abuse

My grandmother said it may touch 0.09

Posted by Magnetic > 2020-08-26 20:12 | Report Abuse

Tp 0.20, lho cominggg

Posted by fl888 > 2020-08-27 10:27 | Report Abuse

Wintoni ganging up for revenge....buy now

Posted by fl888 > 2020-08-27 11:00 | Report Abuse

RP submitted on 30th January 2020.....approval or rejection by KLSE anytime before Merdeka will determine GNB future..10 GNB for 1 share of LHO....doing food & beverage marketing...

Posted by Magnetic > 2020-08-27 12:17 | Report Abuse

Buy now before it's too late! The ship is sailing soon

Posted by jutawanakhirat > 2020-08-27 19:32 | Report Abuse

Fly tommorow.amin

Posted by sengkee > 2020-09-09 11:54 | Report Abuse

The share price for this stock is stronger than PDZ, Mtouche, Sanichi and other penny stocks

Posted by cu29ok > 2020-09-15 11:12 | Report Abuse

Kena GN3.. :(

Posted by fl888 > 2020-09-28 16:33 | Report Abuse

RP still not approved since 16-01-20 submission to KLSE? How to complete by the third quarter of 2020 as stated in their RP !!!

Posted by fl888 > 2020-09-29 08:51 | Report Abuse

If RP approved by this month, should break 10cts easily

Posted by dosn > 2020-10-30 09:41 | Report Abuse

test

Posted by kenie > 2020-11-06 22:31 | Report Abuse

“Basis for Disclaimer of Opinion
We were unable to obtain sufficient appropriate audit evidence on the following:
1. As disclosed in Note 14 to the financial statements, the outstanding loan payables
and accrued interest of the Group amounted to RM1,141,521 and RM980,380
respectively. In addition, the Company had provided an amount of RM469,830 for
crystallisation of corporate guarantee granted to its subsidiary. We were unable to
obtain sufficient appropriate audit evidence to confirm the accuracy of the carrying
amount stated or whether any further liabilities are required to be provided in the
financial statements in relation to these loan payables as we were unable to obtain
external confirmations from the lenders.
2. Other than the balances as described above, we were unable to obtain sufficient
appropriate audit evidence to confirm the accuracy of the Group’s payables or
whether any further liabilities are required to be provided in the financial
statements.
3. The Group and the Company incurred net losses of RM2,095,433 and
RM1,966,078 respectively for the financial year ended 30 June 2020 and, as of
that date, the Group and the Company had deficit in shareholders’ equity of
RM6,351,134 and RM3,816,669 respectively and the Group’s and the Company’s
current liabilities exceeded their current assets by RM6,351,134 and RM3,816,670
respectively. The Group and the Company have also ceased their operations and
recorded no revenue during the financial year.
Since 30 November 2017 and during the financial year, the Company has been
classified as an Affected Listed Issuer pursuant to Guidance Note 3 (“GN3”) of the
ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa
Securities”) (“Listing Requirements”). Pursuant to Rule 8.04(3)(a)(i) of the
Listing Requirements, the Company is required to regularise its condition by
undertaking a regularisation plan to address the GN3 status. Non-compliance with
the said Listing Requirements would result the Company being suspended or
delisted from the ACE Market of Bursa Securities.
The Company is required to submit its regularisation plan to the relevant
authorities within a period of twelve months from the date of the first
announcement on 30 November 2017. On 30 January 2020, the Company
announced that the application in relation to the proposed regularisation plan has
been submitted to Bursa Securities. On 1 October 2020, the Company announced
that the application is currently pending the decision of Bursa Securities.
As disclosed in Note 14 to the financial statements, since July 2014 and during the
financial year, a wholly-owned subsidiary of the Company, Geranium Limited (“GL”)
had defaulted its entire repayments of principal sums and interest in loans
amounted to RM1,141,521 and RM980,380 respectively in respect of loans
granted by lenders to GL. In addition, the Company is also exposed to material
financial obligations in relation to the corporate guarantee provided amounting to
RM469,830 in relation to the said defaults. If the Group and the Company are
unable to raise the funds required to continue in operational existence for the
foreseeable future, the Group and the Company may be unable to discharge their
liabilities and financial obligations as mentioned above.
As disclosed in Note 2(e) to the financial statements, the financial statements have
been prepared on the assumption that the Group and the Company are going
concern. The ability of the Group and of the Company to continue as going
concern is dependent on the formalisation and successful implementation of the
regularisation plan of the Company to restore its financial position and achieving
sustainable and viable operations.

Posted by kenie > 2020-11-06 22:32 | Report Abuse

The application of the going concern basis of accounting is based on the
assumption that the Group and the Company will be able to realise their assets
and settle their liabilities in the normal course of business. Should the formalisation
and implementation of the regularisation plan not materialise or not approved, the
application of the going concern basis of accounting may be inappropriate and
adjustments may be required to, inter alia, write down assets to their immediate
realisable value, reclassify all long term assets as current and to provide for further
costs which may arise.
The correlated multiple factors as mentioned above have indicated the existence of
material uncertainties which may cast significant doubt on the ability of the Group
and of the Company to continue as going concern. Moreover, we were unable to
obtain sufficient appropriate audit evidence to evaluate the appropriateness of
management’s use of going concern basis of accounting. Therefore, we are not
able to form an opinion as to whether the use of going concern assumption in the
preparation of the accompanying financial statements of the Group and of the
Company is appropriate.

Posted by kenie > 2020-11-06 22:32 | Report Abuse

AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN
DISCLAIMER OF OPINION
STATEMENT OF MATERIAL UNCERTAINTY RELATED TO GOING CONCERN OF THE GROUP AND THE COMPANY IN RESPECT OF G NEPTUNE BERHAD'S STATUTORY FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2020

Posted by Magnetic > 2020-12-04 20:30 | Report Abuse

Omg getting delisted

https://www.klsescreener.com/v2/announcements/view/3273505

Posted by cu29ok > 2020-12-07 09:36 | Report Abuse

This time surely finish... :(

Posted by bobobaik > 2020-12-07 11:38 | Report Abuse

any chance for them to appeal?

Posted by cu29ok > 2020-12-08 09:21 | Report Abuse

hardly...this time

Posted by cu29ok > 2020-12-10 08:56 | Report Abuse

14/12 coming...any positive news?

Posted by MY_KLSEKaki > 2020-12-10 18:14 | Report Abuse

cu29ok, the positive news is, it is still 0.02 today, not yet down to further. tmr last day.

Posted by cu29ok > 2020-12-11 09:20 | Report Abuse

lol...
i still believe... :p

Posted by kenie > 2020-12-11 15:12 | Report Abuse

Suspension and De-Listing of G Neptune Berhad
Suspension and De-Listing of G Neptune BerhadILC-04122020-00004Bursa Malaysia Securities Berhad (?Bursa Securities?) has rejected GNB?s proposed regularisation plan. In the circumstances, please be informed that:-
(a) the trading in the securities of the Company will be suspended with effect from 14 December 2020; and
(b) the securities of the Company will be de-listed on 6 January 2021 unless an appeal against the rejection of the regularisation plan and de-listing is submitted to Bursa Securities on or before 3 January2021 (?the Appeal Timeframe?).
Any appeal submitted after the Appeal Timeframewill not be considered by Bursa Securities. In the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the removal of the securities of the Company from the Official List of Bursa Securities on 6January 2021 shall be deferred pending the decision on the Company?s appeal.
With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn. Bhd. (?Bursa Depository?), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.
Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at any time after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository.
These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities? General Line at 03-2034 7000 for further information on the withdrawal procedures. Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company? s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.
Senior Vice President

Posted by sunnyfx > 2020-12-14 08:15 | Report Abuse

wtf...how we can or must do now ?

Posted by cu29ok > 2020-12-14 08:41 | Report Abuse

@ sunnyfx We can't do anything..just wait till 3/1/2021 or 6/1/2021. :(

Posted by sunnyfx > 2020-12-14 08:59 | Report Abuse

how if delisting on 3 or 6/1/2021? can get back money or total lose ?

Posted by sunnyfx > 2020-12-14 09:00 | Report Abuse

sorry this is my 1st time in this situation...

Posted by iopa46 > 2020-12-16 09:58 | Report Abuse

lose la 100% gone

Posted by 500Bilis > 2020-12-22 21:30 | Report Abuse

Interesting question to ask is whether the counter is allowed to be lifted from suspension to resume trading should the board has submitted an appeal before the dateline Jan 3rd.

Posted by kenie > 2021-01-04 18:01 | Report Abuse

G NEPTUNE BERHAD -MONTHLY ANNOUNCEMENT ON THE STATUS OFDEFAULT IN PAYMENT PURSUANT TO RULE 9.19A OF BURSA MALAYSIA SECURITIES BERHAD'S ACE MARKET LISTING REQUIREMENTS ("LISTING REQUIREMENTS")

04/01/2021

Posted by cu29ok > 2021-01-05 10:06 | Report Abuse

Heng..Heng

Posted by ainasyazwina > 2021-01-12 00:38 | Report Abuse

come here because of my fren

Posted by ainasyazwina > 2021-01-12 00:39 | Report Abuse

rip g neptune

Posted by cu29ok > 2021-01-14 09:52 | Report Abuse

GNB RIP? :(

Posted by huathuat83 > 2021-02-19 12:26 | Report Abuse

Me too.. Here bcoz of fren.. Too bad

Posted by huathuat83 > 2021-04-02 16:33 | Report Abuse

any good news after AGM?

Posted by HOMESOY > 2021-07-13 22:51 | Report Abuse

https://www.sinchew.com.my/content/content_2509424.html

Posted by nobodyisland > 2021-09-08 13:28 | Report Abuse

dead fish will a life soon..

Posted by newguy0801 > 2022-02-25 01:31 | Report Abuse

GNP's last QR quite good, probably listing again soon?

Posted by nobodyisland > 2022-03-09 14:30 | Report Abuse

wish listing back within this year.

Posted by huathuat83 > 2022-03-10 11:40 | Report Abuse

Are you sure?

Posted by nobodyisland > 2022-04-04 19:39 | Report Abuse

Hope…

Posted by HawardHo > 2022-09-02 18:50 | Report Abuse

https://klse.i3investor.com/web/blog/detail/ReviveInvestment/2022-09-02-story-h1628877565-Exciting_Times_Coming_Ahead_for_G_NEPTUNE_BHD_GNB