why dropping? if you can see clearly, of course because of their latest qr, they facing a huge loss. so, indirectly, investor confident are shaken. hopefully jaks can turn to black in next qr to boost investor confident again.
Dear all, Only the removal of director need 10% voting rights shareholders requisition for an EGM
If you intend to send in requisition to include your motion/resolution of appointment of your nominee as non-executive independent director of JAKS Board for voting in the coming AGM the procedure as per below:
Should you wish to include a motion at the upcoming Annual General Meeting, please take note of the steps below.
Pursuant to Section 323 of the Companies Act, a motion may be requisitioned by shareholders if it is requisitioned by:
(i) members representing 2.5% of the paid-up capital with voting rights; or
(ii) at least 50 members with the right of vote, where the average paid-up sum for each member exceeds RM500 per member.
The requisition needs to be made in hard copy or electronic form. Should you wish to send us the form by e-mail, you will need to send us a scanned copy of the signed form, together with a copy of your identity card / passport number. The other 49 shareholders must also do the same and the text of the requisite resolution must not differ from yours.
All 50 notices must be sent to the Company/Company secretary at least 28 days before the Annual General Meeting. An attach CV of your nominee is required.
@Analyser 4) Power plant profit of RM180m per year is inaccurate. Is that full profit or Jaks' share only. As i know lifetime profit attributable to jaks is only USD213m. -----------------------------------------------------------------------
If possible, can you share the source/article regarding the "lifetime profit attributable to jaks is only USD213m.". Try find it but couldn't.
Why Quarter end 31th DEC 2020: The Property Development & Investment division also had to re-state the gain on disposal of the 51% equity interest in JIC, from RM174.4 million to RM89.1 million when Quarter end 30th Sept 2020 clearly stated: The disposal resulted in a gain before tax of RM174.4 million and after taking into account the Non-controlling interest portion, the gain of RM89.0 is recognised by the Group?
The restatement of the disposal gain in the Q4 results announcement was advised by our Auditors to state the Net Gain after Non-Controlling Interest (NCI) of RM89.1 million instead of the Gross amount of RM174. 4million (before NCI) as reported in the Q3 results announcement. Nevertheless, there is no change in the Net Profit Attributable to the Owners of the Company (Group PAT) for the Q3 period which remains at RM26.746 million as per the Q3 results announcement. It is only a matter of presentation.
Thanks sslee. the reply seems appropriate and now i understand what is happening as an ex-auditor.
the MFRS has been constantly changing in line with the IFRS and even group accountants are struggling with different treatments for consolidation adjustments. takes a lot of experience and reading to keep themselves up to date.
Basic accounting. If 51% JIC make NP of 174.4 millon Then the P&L statement: Net profit attributable to: Owner of company: 89 million Non controlling interest: 85.4 million
But since JAKS sold the JIC for RM 1 and JIC is no more 51% owned by JAKS how can you do P&L statement like this.
Then in Q4 NP negative199.5 million Net profit attributable to: Owner of company: negative 103. 2million Non controlling interest: negative 96.3million
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....
ming
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Posted by ming > 2021-04-12 13:44 | Report Abuse
U got to pass the ticket to operator first.. then oni it will up xD