Bad news: ASTRAL SUPREME BERHAD ("ASUPREME" OR "THE COMPANY") - Appointment of Messrs CH International Advisory Sdn Bhd to conduct investigative review on ASupreme Group for the financial years ended 31 December 2011, 2012 and 2013
Its goreng...u cant predict ......they hv ways to lure in people.....u think it drop, u sell, it goes up another 10 pct.....,unchanged ......up 1 pct , down 2 pct, unchanged ,down 6 pct...within T4 .Im not into this counter as i dont understand them...good luck though...today so garang !!! up 18 pct
Annoucement 8th Aug: OTHERS ASTRAL SUPREME BERHAD ("ASUPREME" OR "THE COMPANY") - Appointment of Messrs CH International Advisory Sdn Bhd to conduct investigative review on ASupreme Group for the financial years ended 31 December 2011, 2012 and 2013
Friday, really goreng, I think the news came out right before goreng....pity those kena trap. Now it should be going south for a while.....same old tactic...
Beware investigation might open can of worms....new shareholders might push up and exit company. Got money dont touch this counter. no money lagi dont touch.
OTHERS ASTRAL SUPREME BERHAD ("ASUPREME" OR "THE COMPANY") -Termination of the Joint Venture Agreement between Astral Supreme Construction Sdn Bhd and Zenith PMC Sdn Bhd
ASTRAL SUPREME BERHAD
Type Announcement Subject OTHERS Description ASTRAL SUPREME BERHAD ("ASUPREME" OR "THE COMPANY") -Termination of the Joint Venture Agreement between Astral Supreme Construction Sdn Bhd and Zenith PMC Sdn Bhd
Further to our announcement dated 25 July 2014 in connection with the termination of the Joint Venture Agreement ("JVA") between Astral Supreme Construction Sdn Bhd ("ASC") and Zenith PMC Sdn Bhd ("ZP"), the Board of ASupreme wishes to inform that since the signing of the JVA on 15 August 2013, ASC was unable to find consultants who could undertake the project within the budget and the funding requirements. ZP has to meet the milestones set by the Penang State Government in regards to the feasibility studies and design for the project. ASC's appeal for further delay in the commencement of the project was declined by ZP and hence the termination. With the termination of JVA, ASC shall not be able to derive contributions from the guaranteed profit under the JVA as announced on 15 August 2013.
pumas, here r the original rpt published in bursa...................
ASTRAL SUPREME BERHAD ('ASUPREME' OR 'THE COMPANY') -Termination of the Joint Venture Agreement between Astral Supreme Construction Sdn Bhd and Zenith PMC Sdn Bhd
Reference is made to the announcement dated 15 August 2013 in respect of the Joint Venture Agreement dated 15 August 2013 ("JVA") between Astral Supreme Construction Sdn Bhd ("ASC"), a wholly-owned subsidiary of the Company and Zenith PMC Sdn Bhd ("ZP") to jointly manage, perform and carry out the Feasibility Studies and Detailed Design Stage of the project known as "Projek Pembinaan Jalan-jalan Utama dan Terowong di Pulau Pinang", involving the proposed construction of various roads in Penang and an undersea tunnel between Penang Island and Seberang Perai ("the Project").
The Board wishes to announce that ZP vide its letter dated 11 July 2014 had declined ASC's appeal to defer the implementation of the JVA until November 2014 due to unreasonable delay which is in breach of clause 10.1 of the JVA which states that the works shall be completed within thirty (30) months from the date of JVA. Further, clause 12.4 of the JVA stipulates that time wherever mentioned in the JVA shall be of the essence. ASC failed to remedy the breach within fourteen (14) days from the date of the letter. Accordingly, the JVA was terminated and rendered null and void with immediate effect. With the termination, neither the parties shall have any further claims against each other in respect of the JVA.
The termination will not have any significant effect on the earnings or net assets per share of the Company for the financial year ending 31 December 2014.
sampool ... i wasnt talking about the signing of the JVA... i was talking about the cancellation of the JVA that they announce sometime in July 2014...
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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....
sheep
3,850 posts
Posted by sheep > 2014-08-08 19:22 | Report Abuse
Bad news:
ASTRAL SUPREME BERHAD ("ASUPREME" OR "THE COMPANY") - Appointment of Messrs CH International Advisory Sdn Bhd to conduct investigative review on ASupreme Group for the financial years ended 31 December 2011, 2012 and 2013
Monday drop kaw kaw