Posted by MadCow75 > 2021-06-30 17:43 | Report Abuse

kanasai, long kang also no place for this Mr. Joe...

Posted by livingonhope > 2021-07-03 15:40 | Report Abuse

"Maybank says best is over for glove sector as ASP peaks | The Edge Markets" https://www.theedgemarkets.com/article/maybank-says-best-over-glove-sector-asp-peaks

Posted by MadCow75 > 2021-07-03 16:38 | Report Abuse

elehant joe jatuh long kang...

Posted by thehoff > 2021-07-13 09:53 | Report Abuse

can the shareholders submit official complain to Bursa for this counter? have raised funds multiple rounds for Gloves, but when funds received still no news, no intention from the company to cover their market manipulation

Posted by bobochacha > 2021-07-19 00:48 | Report Abuse

complain also no use la.. u buy more share la.. more than 10% then call for EGM . replace all the current director with you and your friend. then u save the company!

Posted by whistlebower99 > 2021-07-21 01:15 |

Post removed.Why?

Posted by bobochacha > 2021-07-21 20:21 | Report Abuse

See ..already happening. Subscribe sama same gang punya share.. last time pnepcb. Now pasukhas. Investment wa... haha ! See their next quarter report .how much money already spend...

Posted by whistlebower99 > 2021-07-21 23:50 |

Post removed.Why?

Posted by whistlebower99 > 2021-07-22 12:31 |

Post removed.Why?

Posted by MadCow75 > 2021-07-23 01:05 | Report Abuse

wshit loose till no pantie, that y see it every where.... copy and paste, so annoying... can u just get lost???

Posted by MadCow75 > 2021-07-23 01:06 | Report Abuse

every where post all long shit granma story... waste ppl screen place... ma ka hai!!!

Posted by whistlebower99 > 2021-07-26 13:57 |

Post removed.Why?

Posted by whistlebower99 > 2021-07-26 21:23 |

Post removed.Why?

Posted by JK22 > 2021-07-27 10:06 | Report Abuse

Should dispose PASUKGB when she was 0.30++., Then can million. But have to give up rights and free warrants

Posted by livingonhope > 2021-07-27 18:06 | Report Abuse

Bursa query was spot on and meaningful. The response was, however, deplorable as it evaded the key issues on rationale for the investment whether was diversification and source of funds used as original intention of private placement and rights was for operations. Whether a gain was registered or not is secondary. The act of using the proceeds at time of investment was the trigger as purpose deviated and exposure to risk started then. Interesting to see if a response like that can be accepted since shares disposed and a gain was registered. Other issuers can follow suite and quote this case in defence.

Posted by bobochacha > 2021-08-10 22:47 | Report Abuse

next in line kaki right issue will be lambo . who want bet JOE will subcribe again? at the mean time, JOE still the richest fella.

Posted by stockraider > 2021-08-11 07:51 |

Post removed.Why?

Posted by JK22 > 2021-08-11 09:25 | Report Abuse

Still got hope. See the Annual report . Reasonable 30 major shareholders.

Posted by jimmyg > 2021-08-11 09:57 | Report Abuse

i think all he small shareholder all suffer and soon going to be toilet paper

Posted by bobochacha > 2021-08-11 10:01 | Report Abuse

DONT FORGET LAMBO DIRECTOR = JOE DIRECTOR . the rest think for your self la

Posted by bobochacha > 2021-08-11 14:26 | Report Abuse

the cycle will continue, when share price reach the point 1-2 cent, they cannot do a proper cash call already.. so they will consolidate the share. and then start the dilution once again.

Posted by MadCow75 > 2021-08-12 23:23 | Report Abuse

bomohcacak??? u can see the future??? or gu gu ha ge???

Posted by MadCow75 > 2021-08-12 23:24 | Report Abuse

is this ti bai joe koko, sir name is yong??

Posted by proacez2000 > 2021-08-14 02:42 | Report Abuse

create a telegram group…let unite, call for EGM…if we unite we already substantial shareholder…let destroy lein hoe tower gang…

Posted by Icon 888 > 2021-08-18 19:55 | Report Abuse

G.I joe under joe biden

Posted by bobochacha > 2021-08-21 23:40 | Report Abuse

all the fintec kaki right issue tidak laku, supposing all are under subscribe. looking at PASUKGB right issue and Joe reply to bursa malaysia.. JOE bought 120,000 of PASUKGB-OR and thus they are entitle to subscribe the whopping excess share of 246 million.

Now let's us await the Lambo right issue. which company will eat up all the excess shares ??

dang dang dang da.....

Posted by Icon 888 > 2021-08-22 01:43 | Report Abuse

Ini Company ada buat Ev bateri ke?

Posted by Pennyloo > 2021-08-22 06:03 | Report Abuse

Cheers

Posted by Pennyloo > 2021-08-22 06:05 | Report Abuse

Is there a telegram group created, to unite and be a voice? Somebody pls do that and provide advice and direction.

Posted by Joey Tan > 2021-08-23 11:54 | Report Abuse

got but now gone suddenly

Posted by MadCow75 > 2021-08-30 23:50 | Report Abuse

what for... even here also no comment... this is joe yong...

Posted by whistlebower99 > 2021-09-01 00:20 |

Post removed.Why?

Posted by MZM2511 > 2021-09-01 18:06 | Report Abuse

FOR NEWBIES.

Referring to wistlebower99…….. The pure but a poor spammer. The witch ghost that said every big NOSH companies will do consolidation exercises. Very Bad People...

whistlebower99. PLEASE DON'T EVER USE YOUR ILL INTENTION INFORMATION ANYMORE TO MISLEAD OTHERS !!!!

Posted by MadCow75 > 2021-09-01 22:00 | Report Abuse

wow... wshit just follow me...

Posted by David Coperfield > 2021-09-03 20:08 | Report Abuse

Ha ! Don't u think JOE is going to venture EV Battery ?, another Genetec ! Let see ermm

Posted by kaboom888 > 2021-09-04 00:33 | Report Abuse

run run run and cut cut cut I think big shark gonna trap people at 0.50 again

Posted by kaboom888 > 2021-09-04 01:06 | Report Abuse

look like share consolidation soon '
DON TRY TO BUY THIS STOCK
SAY NO TO ALL UNDER FINTEC GROUP STOCK.

Posted by MadCow75 > 2021-09-08 00:39 | Report Abuse

so many keyboarder ask to sell low... hmmm smell something coming

Posted by whistlebower99 > 2021-09-08 09:37 |

Post removed.Why?

Posted by alex > 2021-09-08 12:12 | Report Abuse

agm baru habis.. lapar.. mee goreng , ayam goreng satu..

Posted by MadCow75 > 2021-09-08 13:24 | Report Abuse

so what agm regard??? can share??

Posted by Peace99 > 2021-09-08 19:14 | Report Abuse

MadCow, JK22, Bobochacha...., Just drop by to say hello! Said few months back I won't sell at 4sen! Yes, I'm still holding and waiting for the EV era......2 to 3 years?

Posted by Peace99 > 2021-09-08 19:17 | Report Abuse

MZM, good to see you here too!

Posted by JK22 > 2021-09-08 22:26 | Report Abuse

i m still here newly renovated condo

Posted by David Coperfield > 2021-09-08 22:45 | Report Abuse

AGM Q & A

Operational and Financial Matters
1. Based on the Statement of Cash Flows for FY2021, there was a purchase of investment securities amounting to RM15.7 million (2020: Nil) and a fair value loss on investment securities amounting to RM0.4 million (2020: Nil) (page 51 of Annual Report 2021 ("AR2021")).
(a) The said investment securities were quoted shares in Malaysia at the fair value of
RM15.3 million as of 31 March 2021(Note 9, page 83 of AR2021).To which quoted shares do the fair value loss relate to?
Ans: The fair value loss related to quoted shares PNE PCB BHD

2. As of 31 March 2021, the group placed an of RM20 million being the cash deposit placed in a securities account opened with a stockbroking firm in Hong Kong, for investment purposes (Note 14, page 86 of AR 2021).
c) The Group's main business is in the sale of automotive batteries and Valve Regulated Lead Acid ("VRLA") batteries. It is also in the process of diversifying into glove manufacturing.

What is the rationale for placing RM20 million to be used for investment in foreign quoted securities rather than utilizing the cash for the Group's main business, particularly in the glove business?

Answer:
c) The Group is of the view to raise additional capital to cushion any uncertainties in entering a new business rather than using its existing capital which should be preserved for an existing business or opportune investments.

3. On 15 July 2021, JOE Holding had invested in Pasukhas Group Berhad ("Pasukhas") for a total purchase consideration of approximately RM25 million via rights issue with a substantial shareholding of 21.58% equity interest in Pasukhas (Note 37(d), page 113 of AR2021).
a) What was the hurdle rate adopted and approved by the Board in evaluating the
investment in Pasukhas?

Answer:
a) As mentioned above, the Group's decision to invest in quoted shares is mainly related to the long terms prospects viz-a-viz the Group existing business and as such has not determined any hurdle rate in this respect.

3. On 15 July 2021, JOE Holding had invested in Pasukhas Group Berhad ("Pasukhas") for a total purchase consideration of approximately RM25 million via rights issue with a substantial shareholding of 21.58% equity interest in Pasukhas (Note 37(d), page 113 of AR2021)

c) Given that Pasukhas is a loss-making company for the past 3 yea1rs up to 31 December
2020, how will the Board ensure that the investment is in the best interest of the Company and shareholders interest can be safeguarded?

Answer:-
c) The Acquisition is part of the Group's initiatives to invest in companies that have
growth prospects, and the Group is confident that the Acquisition would provide a positive return in medium to long term. As stated in the Abridged Prospectus of PGB dated 21June 2021, PGB is principally involved the activities of Mechanical & Electrical Engineering Services, Civil Engineering and Construction Services, Manufacturing of Low Voltages Switchboards, Trading of Coal, River Sand and Equipment, Renewable Energy,Rental Property and Property Development segments whereas the Group is in the process of converting its existing factories into glove production purposes and in this respect, PGB would have the relevant expertise and capacities which would be able to provide potential valuable business synergies with regards to the construction services.

4. The Company's investment securities of quoted shares in Malaysia, investment in Pasukhas and cash deposit placed in a securities account with a stock broking firm in Hong Kong adds up to approximately RM60.7 million which is 31% of the total assets of the Company, why is the Company using 31% of its cash for non¬ core business?

Answer:
As mentioned above, the investments in quoted shares namely PNE PCB and Pasukhas are somehow of assistance in growing the Group's new glove business as mentioned in the respective announcements.

5. How does the Board manage the risk associated with investing in quoted shares in Malaysia and foreign quoted securities? Does the Board have an investment policy for investment in securities?

Answer:
As mentioned above,the Group is not in the business of securities trading and as such does not have investment policy. All our quoted investments are somehow strategic enough for our Group's glove business in future.

6. 'Administrative expenses' increased significantly to RM5.3 million (2020:RM2.9million) (page 46 of AR 2021).
What is the reason for the huge increase in administrative expenses?

Answer:
Reason of huge increase in administrative expenses was due to increase in legal fees, professional fees and listing fees related to company private placement.

Posted by David Coperfield > 2021-09-08 22:49 | Report Abuse

7. The Company had on 16 November 2020, obtained shareholders' approval for
diversification of the Group's business to include Glove Business and has contracted a company to construct glove production line during the financial year. The construction work has yet to be commenced at the end of the reporting period (Note 36(c), page 112 of AR2021).

b) If construction has commenced, to-date, what is the status and progress of the
construction of the glove production line?
c) When will the glove business commence production?

Answer:
b) Kindly refer the reply 7(a) above.
c) Kindly refer the reply 7(a) above.

7. The Company had on 16 November 2020, obtained shareholders' approval for diversification of the Group's business to include Glove Business and has contracted a company to construct glove production line during the financial year. The construction work has yet to be commenced at the end of reporting period (Note 36(c), page 112 of AR2021).

a) When is the construction of glove production line expected to commence?

Answer:
a) The Group are still doing the current market cost calculation on the project to operate the factory and exploring the most cost effective to build our glove line to match with the current market selling price. The Group targeted to finalise the process by October or November 2021.

8. The Group's business segment - provision on of warehouse storage service recorded a significant decrease in revenue to RM0.3 million (2020: RM1.0million) and loss of RM0.9 million as compared to a profit of approximately RMl.O million in the previous year. (Note 29(a), pages 98,99 & 101of AR 2021).
What is the reason for the huge decrease in revenue and loss registered from the provision
of warehouse storage services?

Answer:
The reason for the huge decrease in revenue and loss registered from the provision of warehouse storage services was due to reduce in rental income for GP Marketing Sdn Bhd/GPA Plastic Industries Sdn Bhd/GPA Technologies Sdn Bhd and GBH Bathroom Products Sdn Bhd as the tenancy agreement ended on 1 September 2020 and not renewed. There was 50% rental rebate given to GBH Bathroom Products Sdn.Bhd due to COVID 19 pandemic. As the warehouse is currently being evaluated to either house the production of glove or reinventing into different rental usage and as such the Group terminated some of the other services during the financial year pending new development.

Corporate Governance
1. Chapter 9, Paragraph 9.21(2) of the Main Market Listing Requirements requires
companies to publish the summary of Key Matters Discussed at the previous AGM onto the companies' website. As of 29 August 2021, the Company has not published the summary of Key Matters Discussed at its 21st AGM held on 29 September 2020 onto its website.

Please explain.
Answer:
The Company takes note of the comment and will ensure that the summary of Key Matters Discussed/Minutes of the General Meeting will be published on the Company's website moving forward. Nevertheless, the AGM minutes for the year 2020 has been uploaded onto the Company's website on 6 September 2021.

2) Mr. Koo Kien Yoon, the JOE Holding Bhd appointed to the Board on 27 August 2020. He is also the Executive Director Lambo Group Berhad and Vsolar Group Berhad.
As the Executive Director of the Company, Mr. Koo is expected to devote his full- time commitment to JOE Holding as he is drawing sala ry, bonus and other benefits under the contract of service with the Company.

a) Please explain how Mr. Koo manages his time commitment to the Company vis¬ a-vis his position as Executive Director of Lambo Group Berhad and Vsolar Group Berhad given that all three are executive positions that require full-time
commitment.

Answer:
a) Mr Koo's role in our Group is very specific which is to spearhead the glove business. He is assisted by a team of professionals in JOE to manage the glove business via his vast contacts and networks. The Group's existing battery business which is still actively managed by a team of professionals.

2) Mr. Koo Kien Yoon, the JOE Holding Bhd appointed to the Board on 27 August 2020. He is also the Executive Director Lambo Group Berhad and Vsolar Group Berhad. As the Executive Director of the Company, Mr. Koo is expected to devote his full- time commitment to JOE Holding as he is drawing sala ry, bonus and other benefits under the contract of service with the Company.

b) Given that Mr. Koo is the Executive Director of two other public listed companies, what is the rationale for the Nomination Committee to recommend Mr. Koo to the Board and the reason for the Board to approve his appointment?

Answer:
b) Since the Group intends to venture into glove business, the Company appointed Mr Koo' in light of his vast contacts and networks in spearheading the glove business in particular reengineering of its existing factories to cater for glove production.

Posted by David Coperfield > 2021-09-08 22:50 | Report Abuse

3. On page 4 of the Corporate Governance Report,the Company states that it has departed from Practice 1.2 and the Company does not presently have a designated Chairman since the resignation of the previous Chairman, Tan Sri Dato' Tan Hua Choon on 26 August 2020.
What are the challenges the Company is facing in identifyi ng the right candidate as Chairman? What is the targeted timeline for the appointment of a
permanent Chairman?

Answer:
The Group is still actively pursuing a suitable candidate to lead the Board as the Board intends to fill this position with some high-profile individuals as in the previous Chairman. The Group hopes that it will be able to fill the vacancy before the end of the year.

Posted by MadCow75 > 2021-09-09 23:17 | Report Abuse

interesting...

Posted by icling > 2021-09-10 09:36 | Report Abuse

Retailers are always the victims. Be aware of manipulation!

Posted by MadCow75 > 2021-09-10 21:38 | Report Abuse

hahaha!!! play the game..