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.
Beware of the trap just like the rubbish stock Fintec! Retailers are always at the losing ends. Don't be fooled one after another at the mercy of the manipulators!
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) PASUKHAS GROUP BERHAD
Particulars of substantial Securities Holder Name JOE HOLDING BERHAD (FORMERLY KNOWN AS GPA HOLDINGS BERHAD) Address LEVEL 5, BLOCK B, DATARAN PHB, SAUJANA RESORT, SECTION U2, SHAH ALAM 40150 Selangor Malaysia. Company No. 199901018997 (493897-V) Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 08 Oct 2021 18,000,000 Acquired Indirect Interest Name of registered holder GP AUTOBAT SDN BHD Address of registered holder Level 5, Block B, Dataran PHB, Saujana Resort, Section U2, 40150 Shah Alam, Selangor Description of "Others" Type of Transaction 2 11 Oct 2021 16,000,000 Acquired Indirect Interest Name of registered holder GP AUTOBAT SDN BHD Address of registered holder Level 5, Block B, Dataran PHB, Saujana Resort, Section U2, 40150 Shah Alam, Selangor Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Acquisition of ordinary shares by GP Autobat Sdn Bhd Nature of interest Indirect Interest Direct (units) 0 Direct (%) 0 Indirect/deemed interest (units) 230,310,000 Indirect/deemed interest (%) 19.899 Total no of securities after change 230,310,000 Date of notice 12 Oct 2021 Date notice received by Listed Issuer 12 Oct 2021
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) PASUKHAS GROUP BERHAD
Particulars of substantial Securities Holder Name GP AUTOBAT SDN. BHD. Address LEVEL 5, BLOCK B, DATARAN PHB, SAUJANA RESORT, SECTION U2, SHAH ALAM 40150 Selangor Malaysia. Company No. 198401008126 (120646-K) Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 08 Oct 2021 18,000,000 Acquired Direct Interest Name of registered holder GP AUTOBAT SDN BHD Address of registered holder Level 5, Block B, Dataran PHB, Saujana Resort, Section U2, 40150 Shah Alam, Selangor Description of "Others" Type of Transaction 2 11 Oct 2021 16,000,000 Acquired Direct Interest Name of registered holder GP AUTOBAT SDN BHD Address of registered holder Level 5, Block B, Dataran PHB, Saujana Resort, Section U2, 40150 Shah Alam, Selangor Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Acquisition of ordinary shares Nature of interest Direct Interest Direct (units) 230,310,000 Direct (%) 19.899 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 230,310,000 Date of notice 12 Oct 2021 Date notice received by Listed Issuer 12 Oct 2021
Shareholding Changes Date of change Shares Director/ Substantial Shareholder 11 Oct 2021 Acquired 16,000,000 GP AUTOBAT SDN. BHD. 11 Oct 2021 Acquired 16,000,000 JOE HOLDING BERHAD (FORMERLY KNOWN AS GPA HOLDINGS BERHAD) 08 Oct 2021 Acquired 18,000,000 GP AUTOBAT SDN. BHD. 08 Oct 2021 Acquired 18,000,000 JOE HOLDING BERHAD (FORMERLY KNOWN AS GPA HOLDINGS BERHAD)
Good move Oleh Joe terhadap pasukhas selepas segalanya dah siap. Pasukhas juga dah profitable
Announcement Date Subject Type Amount Ex Date 04/06/2021 Rights Issue RIGHTS ISSUE 6.0000 : 1.0000 18/06/2021 25/05/2021 Share Consolidation CONSOLIDATION 1.0000 : 10.0000 09/06/2021
Sangat kaya tunai JOE ni ... RM100juta ++ dari right issue tahun ni yang dah selesai :)
[JOE] Rights Issue on 09-Apr-2021 Stock [JOE]: JOE HOLDING BERHAD Announcement Date 09-Apr-2021 Financial Year Subject Rights Issue Type RightIssue Description RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,249,237,340 NEW ORDINARY SHARES IN JOE ("JOE SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.05 PER RIGHTS SHARE TOGETHER WITH UP TO 1,349,542,404 FREE DETACHABLE WARRANTS IN JOE ("WARRANTS B") ON THE BASIS OF 5 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS B FOR EVERY 5 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 23 APRIL 2021 ("RIGHTS ISSUE WITH WARRANTS") Amount 1.0000 : 1.0000 Ex Date 22-Apr-2021 Entitlement Date 23-Apr-2021
Announced Date Change Type Shares Name 12 Oct 2021 08 Oct 2021 Acquired 18,000,000 GP AUTOBAT SDN. BHD. 12 Oct 2021 11 Oct 2021 Acquired 16,000,000 GP AUTOBAT SDN. BHD. 12 Oct 2021 08 Oct 2021 Acquired 18,000,000 JOE HOLDING BERHAD (FORMERLY KNOWN AS GPA HOLDINGS BERHAD)
Joe, jualan dari aktiviti utamanya kian teruk, keuntungan yang dilaporkan datang dari kenaikan harga saham seperti pasukhas yang dimilikinya. Joe ada RM140juta++ tunai, lebih baik beli lebih banyak syer pasukhas yang murah kini ataupun mengambil alihnya dengan tunai ataupun swap syer.
Terbukti keuntungannya bergantung kpd syer yang dimilikinya bukan kerana jualan dari aktiviti utamanya. Jikalau Joe mengambil alih pasukhas, situasi akan berubah 180 darjah. :)
Total comprehensive Profit/ (loss) attributed to -Owners of the Company 6,630 69 6,630 69 -Non-controlling interests 14 (37) 14 (37) Net comprehensive Profit/ (loss) for the period 6,644 32 6,644 32 Earnings per share - basic (Sen) 0.35 0.01 0.35 0.01 The Unaudited Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the audited financial statements for the financial year ended 31 March 2021. 1 Sales Cost of Sales Gross Profit Individual Quarter Cumulative Quarter Current Year Quarter Preceding Year Corresponding Quarter Current Year To Date Preceding Year Corresponding Period 30/06/21 30/06/20 30/06/21 30/06/20 RM'000 RM'000 RM'000 RM'000 4,934 7,611 4,934 7,611 (3,935) (6,505) (3,935) (6,505) 999 1,106 999 1,106 Other income - Fair value gain on financial asset - Non-operating income - Interest income 7,747 - 7,747 - 26 11 26 11 281 357 281 357 9,051 1,474 9,051 1,474 Operating Expenses (2,407) (1,370) (2,407) (1,370) Profit/ (loss) from operations 6,644 (104) 6,644 (104) Finance cost - - - - Profit/ (loss) before tax 6,644 (104) 6,644 (104) Taxation - (72) - (72) Profit/ (loss) after tax 6,644 32 6,644 32 Other comprehensive loss, net of taxation - - - - Total comprehensive profit/ (loss) for the period 6,644 32 6,644 32 Profit/ (loss) attributable to : -Owners of the Company 6,630 69 6,630 69 -Non-controlling interests 14 (37) 14 (37) Profit/ (loss) after tax for the period 6,644 32 6,644 32 Total comprehensive Profit/ (loss) attributed to -Owners of the Company 6,630 69 6,630 69 -Non-controlling interests 14 (37) 14 (37) Net comprehensive Profit/ (loss) for the period 6,644 32 6,644 32 Earnings per share - basic (Sen) 0.35 0.01 0.35 0.01
Buy pasukhas instead. The norm is the share price of acquired company will go up :)
Tak hairan pun, Joe mengalami jualan yang tak baik tapi ada banyak tunai sebanyak RM140juta++ . barangkali Joe akan beli syer pasukhas sehingga 30%-40% drp jumlah ekuiti pasukhas dan kemudian menawarkan untuk mengambil alih pasukhas melalui swap saham, katakan 5 syer Joe untuk setiap satu syer pasukhas. Harga syer Joe kini = 4sen. Jadi, 5 syer Joe hanya 20sen.
Jikalau Joe dan Pasukhas adalah satu kumpulan/entiti, jumlah tunai adalah RM250-300 juta. Oleh itu, tidak mustahil Joe mau menelan Pasukhas sebab jualan dari aktiviti utamanya tak bertumbuh, jauh berbeza dengan situasi Pasukhas.
Kesimpulan, tetap semangat dan tunggu je. Rileks!
14-Oct-2021 Insider JOE HOLDING BERHAD (FORMERLY KNOWN AS GPA HOLDINGS BERHAD) (a substantial shareholder) acquired 30,000,000 shares on 13-Oct-2021. 14-Oct-2021 Insider GP AUTOBAT SDN. BHD. (a substantial shareholder) acquired 30,000,000 shares on 13-Oct-2021. 12-Oct-2021 Insider GP AUTOBAT SDN. BHD. (a substantial shareholder) acquired 16,000,000 shares on 11-Oct-2021. 12-Oct-2021 Insider GP AUTOBAT SDN. BHD. (a substantial shareholder) acquired 18,000,000 shares on 08-Oct-2021. 12-Oct-2021 Insider JOE HOLDING BERHAD (FORMERLY KNOWN AS GPA HOLDINGS BERHAD) (a substantial shareholder) acquired 16,000,000 shares on 11-Oct-2021. 12-Oct-2021 Insider JOE HOLDING BERHAD (FORMERLY KNOWN AS GPA HOLDINGS BERHAD) (a substantial shareholder) acquired 18,000,000 shares on 08-Oct-2021.
0177 PASUKGB PASUKHAS GROUP BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) Particulars of Shareholder Name : JOE HOLDING BERHAD (FORMERLY KNOWN AS GPA HOLDINGS BERHAD) NRIC/Passport No./Company No. : 199901018997 (4938 Nationality/Country of Incorporation : Malaysia Address: LEVEL 5, BLOCK B, DATARAN PHB, SAUJANA RESORT, SECTION U2, 40150 SHAH ALAM Selangor Malaysia Descriptions (Class and Nominal Value): Ordinary Shares Name and Address of Registered Holder: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Details of Changes Date of Notice : 14/10/2021 Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 13/10/2021 Acquired 30,000,000 0.000 Circumstances by reason of which change has occurred: Acquisition of ordinary shares by GP Autobat Sdn Bhd Nature of Interest: Indirect Interest Consideration:
No of Shares Held After Changes: Direct : 0 shares (0.0000%) Indirect/Deemed Interest : 260,310,000 shares (22.4910%) Total : 260,310,000 shares Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
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....
David Coperfield
1,118 posts
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.