Over the years, we can see the Group keeps participating in loss-making projects (i.e. property investments) and involved in countless of legal tussles. Moreover, it is constantly in need of funds and using equity capital market as a "cash machine" to issue shares via private placement, rights issues and long-term incentive plan, without corresponding growth in its earnings and operating cash flow. The proceeds raised of RM587 million from the shareholders since FYE2017 is much higher than the RM400+ million market capitalisation.
🤣🤣🤣 M&A Securities Sdn Bhd is M&A Equity Holdings Bhd. So is it M&A Equity Holdings Bhd financial results to be "incorporated" ino accounts of SYF Resources Bhd or "incorporated " into accounts of M&A Equity Holdings Bhd? ***********
Sslee
2,238 posts
Posted by Sslee > 3 hours ago | Report Abuse
Someone not even know when is the date M&A securities sdn Bhd reverse takeover SYF bhd and rename M & A EQUITY HOLDINGS BERHAD
So when will M&A Securities Sdn Bhd financial result will be incorporated into M & A EQUITY HOLDINGS BERHAD
If you just talk less no one will know you are so stupiiiiiid🤯
so good of Satanic Accuser Johny to remind that Jaks has another potential RM400 million property value losses not charged to profit and loss account. as these malls only worth one third value of costs. Boom time still only Bangla go there to sweep floor
Today definitely Jaks price dropped immediately after Satanic Accuser Johnny posted about the RM400 million property loss to be charged to profit and loss account.
PETALING JAYA, 21 AUGUST 2023 – JAKS Resources Berhad (“JAKS” or the “Group”), a construction and power utilities group specialising in water and other infrastructure projects and energy development, announced that its wholly-owned subsidiary JAKS Solar Nibong Tebal Sdn. Bhd. had successfully completed and achieved commercial operations date (“COD”) for its 50-megawatt (“MW”) Solar Photovoltaic (“PV”) Project under the large-scale solar 4 programme (“LSS4”).
JAKS was one of the successful players that won the bid for the LSS4 project for 50MW capacity tendered by the Energy Commission of Malaysia in March 2021 and will operate under a 25-year concession period until August 2048.
HANOI (Xinhua): Vietnam's Deputy Minister of Industry and Trade Do Thang Hai has reassured that there would be a sufficient supply of power for production and daily life to the end of 2023 following a shortage recorded in May and June due to hot weather and prolonged droughts, local media has reported.8 Jul 2023
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Summer weather in Vietnam starts around May, with power consumption peaking in June and July. Temperatures have been high this year, as northern Vietnam reached a record 44.1 C in early May. Hanoi's daily electricity consumption in May averaged about 75 million kilowatt-hours, up 20% from the same month last year. 8 Jun 2023
ZC Energy is owned by two Chinese nationals, namely Mr. Ji Jian and Mr. Wang Xue Jun, each holding 50% of the shares and the Managing Director is Mr. Ji Jian. It is a company specifically established for Italian projects and is the project sponsor of the current project in Tuscany. Mr. Wang Xue Jun also owns BaySolar AG and Bay Energy Group which has previously developed similar solar projects in Europe ranging from 7.4MW to 163MW.
3. SALIENT TERMS OF THE MOU (i) Under the terms of the MOU, the Parties have agreed on the following approach: (a) ZC Energy shall grant an exclusivity period of 3 months from the date of the MOU or any mutually extended period (the “Cooperation Period”) for JAKS Power to conduct its due diligence and for the Parties to sign the definitive agreements which shall stipulate the roles, project investment price, construction period, and other specific details (“Definitive Project Investment Agreement”); and 1
(b) In the event the Parties are unable to sign the Definitive Project Investment Agreement within the Cooperation Period, ZC Energy may choose to proceed with the project implementation on its own and JAKS Power shall have the option to invest in the project at a later stage.
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....
Johnchew5
11,612 posts
Posted by Johnchew5 > 2023-08-21 12:56 |
Post removed.Why?