How many times does a company can get an extension of time? PERISAI, if I'm not mistaken, had been given 3 time extensions, 2 of it was given on this year.
Petronas going for 12 rigs next year from its current operations 2 rig. This is based on insider news. Perisai will be part of this scope due to local entity.
Perisai only have one rig which is PP101, they never stop and park at dock since 2015 Oil price crisis until now. Eventhough the rental of their rig cut by 50% on price but they are still on running. The rig generate main income for them, furthermore with contract by petronas in hand till next year for sure it will not delisted. They are local company and any country in the world will use their own local country rig during the crisis.
Pakatan Harapan agenda is to grow local entity. Recent parliament debate from Najib claimed KLSE points was 1895 Back in April. Trust me, Tun M will put a big show in KLSE very soon.
need to wait approval. after this price will shoot up due to consolidation, but your units will reduced. if you sold what you don't own, you need to buy in 10x. hahahaha
PRACTICE NOTE 17 / GUIDANCE NOTE 3 : REGULARISATION PLAN PERISAI PETROLEUM TEKNOLOGI BHD
Type Announcement Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN Description PERISAI PETROLEUM TEKNOLOGI BHD ("PPTB" OR THE "COMPANY")
(I) PROPOSED SHARE CAPITAL REDUCTION AND CONSOLIDATION; (II) PROPOSED FUND RAISING EXERCISE; (III) PROPOSED DEBT SETTLEMENT; (IV) PROPOSED SHARE ISSUANCE; (V) PROPOSED RCULS ISSUE; (VI) PROPOSED ICULS ISSUE; AND (VII) PROPOSED LIQUIDATION OF SUBSIDIARIES
(COLLECTIVELY REFERRED TO AS THE "PROPOSED REGULARISATION PLAN") Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those announced on 18 May 2018 in relation to the Proposed Regularisation Plan ("Announcement").
Further to the Announcement, on behalf of the Board of Directors of PPTB, SJ Securities Sdn Bhd wishes to announce that the application in relation to the Proposed Regularisation Plan has been submitted to Bursa Securities for approval on 1 August 2018.
Further, the Company wishes to announce additional disclosures and amendments to the Proposed Regularisation Plan as enclosed.
Halo CASHFLOW WHERE ARE YOU HOW ARE YOU GETTING ON .Thank of your advice on behalf of Perisai shares. I THINK SO FAR SO GOOD ,JUST BE PATIENT TO WAIT FOR THE GOLDEN TIME .WE ALL CHEERS OF IT .I again thank you all these hard time together with us.Good day and good night..
Further to the Company's announcements dated 12 January 2017, 16 January 2017, 17 April 2017, 5 May 2017, 3 August 2017 and 8 May 2018 respectively in respect of the Restraining Order, the Board of Directors of Perisai wishes to announce that the Company has obtained an extension of the Restraining Order from the High Court of Malaya at Kuala Lumpur for a further period of nine (9) months effective from 8 August 2018 restraining all proceedings and actions brought against the Company ("the Order").
The Order will not have any material effect on the earnings and net assets of Perisai Group for the financial year ended 30 June 2018.
The Restraining Order is to facilitate the Company's plan to regularise its financial condition through a Proposed Scheme of Arrangement. On 1 August 2018, SJ Securities Sdn Bhd announced on behalf of the Board of Directors of Perisai that the application in relation to the Proposed Regularisation Plan has been submitted on even date to Bursa Malaysia Securities Berhad for approval.
It is positive for regularisation plan. During 9 months, creditors & related legal cases can’t act on Perisai. It implies that Perisai will finalise regularisation plan within 9 months.
I moved on from this stock, whatever lost I had to bear I have already recovered this past few weeks, I will come back to this stock when the momentum is there, so take note that the daily volume has already been so minimal for the last few weeks
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ronaldolow5479
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Posted by ronaldolow5479 > 2018-07-24 12:18 | Report Abuse
omg