Posted by ThunderStorm > 2020-09-02 16:41 | Report Abuse

If these articles are translated in English, won't you think is a good idea?? LOL..

Posted by fable > 2020-09-02 16:45 | Report Abuse

Hahaha, what a good idea to copy paste the same thing over and over again :)

Posted by bosskufanboy > 2020-09-02 16:47 | Report Abuse

aiyoyo, copy paste job again huh? not bored de meh?

Posted by fable > 2020-09-02 16:53 | Report Abuse

They are too free, attack 2 counter using the same comment

Posted by hoot9eonly > 2020-09-02 17:02 | Report Abuse

Triggered boy jump here jump there ... why ?
cause fake account all got blocked ?

Posted by bosskufanboy > 2020-09-02 17:04 | Report Abuse

hahaha jump here jump there to entertain more ppl lor

Posted by hoot9eonly > 2020-09-02 17:09 | Report Abuse

Monkey show

Posted by bosskufanboy > 2020-09-02 17:11 | Report Abuse

monkey see monkey do lo

Posted by hoot9eonly > 2020-09-02 17:30 | Report Abuse

I almost forgot every time almost 5 o clock they need make some show. Spammer show.

Posted by Hein > 2020-09-03 07:43 | Report Abuse

Too emotional after losing money. Pity on you. And your fren cheated by lore, pity on him don't know how to deal business. Better get a job. You also better get a job.

Posted by Hein > 2020-09-03 07:43 | Report Abuse

liew

Posted by scrown > 2020-09-03 07:50 | Report Abuse

If you read Prinsiptek (M) Sdn Bhd, not Ageson(Prinsiptek) Bhd, account and the shareholders profile, account is very fussy and it is not surprised to process under liquidation with giving up the contraction license they have under Bumi privileged status as they may don't necessarily need to have under new government.

Posted by scrown > 2020-09-03 07:52 | Report Abuse

A new company changed new auditor to avoid news leaking out is normal practice

Posted by scrown > 2020-09-03 07:55 | Report Abuse

Most likely the new management removed Prinsiptek (M) Sdn Bhd as a subsidiary to avoid future account liabilities and asked for liquidation. So u may see retained earning or other balance sheet figure move here and there

Posted by scrown > 2020-09-03 08:00 | Report Abuse

More than 400m PA converted into mother shares with plenty of $50m cash received that can settle outstanding borrowing, perhaps interest income earned or no more finance cost appeared during last quarterly period

Posted by scrown > 2020-09-03 08:02 | Report Abuse

Now my main concern 28b deal is under MOU status or real?

Posted by scrown > 2020-09-03 09:31 | Report Abuse

I recalled the Board of Directors did make announcement the sand revenue will contribute around third quarter of this year. We will see how much from the coming quarterly resultd

Posted by kidman > 2020-09-03 10:59 | Report Abuse

Thanks Scrown. Yes, you are right. So far there is no news on the sand export AP license. If there were a lot of MOU but end up without further progress, then the board of directors are here to con the investors' money instead of grow the company. Hopefully they can prove us wrong.

Posted by scrown > 2020-09-03 11:27 | Report Abuse

As I said earlier, 7145 doesn't need sand AP to sell sands as they will buy sands from AP holders as a broker to deliver to buyers.

Posted by kidman > 2020-09-03 11:48 | Report Abuse

I see, thanks again. I will hold and wait for the coming quarter to see the true direction of this company.

Posted by Lsi54 > 2020-09-03 14:33 | Report Abuse

@scrown No doubts, if you're the ex-owner of the company, you sure will dry up all the company or subsidiaries assests after you've sold out the shares.
Over the past decades, it is not hard to find out the ex-owner character. For your info in year 2010-2015 was property bull cycle in Malaysia, psiptek's project like VUE, PUNCAK 7 took up rate was around 95%, revenue for construction and property developments recorded between RM200mil and RM400mil but net profit just a few million or less than 5%. I don't know how they siphon the profit from the company.

Posted by Lsi54 > 2020-09-03 14:41 | Report Abuse

I sold out this counter previously bcos of the ex mgmt, very disappointed on every quarter report even with large orderbooks. Now under new team seems like having a huge improvement. Profit margin and cash flow back to normal.

Posted by scrown > 2020-09-03 14:48 | Report Abuse

I guess the old management may want to utilize new management after took over to cook the same tactic but not sucessful. So someone may use old issues or technical issues to attack new management. Hope my view is true as Lai54 explained

Posted by Lsi54 > 2020-09-03 14:51 | Report Abuse

Thanks for sharing

Posted by denzadesu > 2020-09-03 19:14 | Report Abuse

property and construction will be trending by end of this year, until next year,
most of property counter still undervalue,
better park some capital in there,
as sector property give higher dividend,
covid in malaysia undercontrol now, as economy recover slowly,
new normal, mask, high hygiene practice,

Next, after healthcare,
5G, property and construction, and tech.
Go find it, diversify your counter. Invest.

trade if you have time,
if not, find other way to earn more capital to invest.

Well, invest opportunity will always there.
Start now, start later, also can.
Bring others, share knowledge and experience.

Posted by Sailangking > 2020-09-03 19:48 | Report Abuse

run

Posted by unclekyyisbest > 2020-09-03 20:22 | Report Abuse

Dear All,



I've been focusing on several construction projects and unable to pay attention to the forum recently. However, I noticed my absence for just a couple of days had allowed the creditors who were fabricating the accounts to scam monies from Ageson Berhad (7145) to spam in the forum.



Hence, I would like to fully expose what these people are doing.



The story begins as such. The "victim(s)" had tried to attack both AGES and ARBB. If you noticed the time frame of spammers in which they comment, usually they can never comment at both forums at once. We can confirm these people are a same group of spammer trying to defame the company.



Some investors actually reached me to identify the issue about dilution. I'm not sure the spammers comes from University of Sleep at Home or what, but they actually lacks the base, fundamental knowledge in corporate finance. First of all, the dilution comes from issuance of convertible preference shares. Now bear in mind preference shares does not have controlling rights, nor their shareholding were shown in the SSM / CTOS yet.



I've reached to the relevant authority, and the status is in the midst of updating.. So once I got the latest info I will slap these people with the letter from the governing power.



So, both the "victim" received convertible preference shares in which they could convert and acquire up to 90% + stakes in Prinsiptek (M) Sdn. Bhd. (or simply known as PRINSIPTEK)



It is on their free will to whether to convert the company or not, but I believe the previous management DF (We all know who we talking about) had been pointing fingers and being ultra irresponsible on the debts. And based on our source, this individual work together with the creditors to defame ARBB and AGES cause he got kicked out from the company!



Never mind that, back to the real problem. These "victim" had requested for preference shares previously instead of common shares with actual voting rights.. Aha! Now we know what they are up to..



In short, yes. The "victims" actually have the controlling stake of PRINSIPTEK. And for the company to wind up it had to go through BURSA and SSM. It is not child's play to wind up a company. Make some sense lah.. You really think investors stupid isit..



Then, these people also accused that the accounts of AGES is fake. Again, I believe emilysiew1 who had actual accounting background as per our conversation had explained the reason behind the positive operating expenses. Let me give you an example; had you seen tax charged to a company being a positive figure?



Exactly. Accounting had reversals, write-back and so forth. So. next time when you try to attack, pick up an accounting book (or google) before you try to defame the company.



Nevertheless, having dealing with the company for some time, I can say that they had been really good paymasters (As long as you do the job!) And I can't sit and watch these idiots defame the company further.



So for investors out there, I hope this clarifies your thoughts!



Cheers, and happy investing.

Posted by Oldmantc > 2020-09-03 23:07 | Report Abuse

No worries if you can hold

Posted by goodiewilly > 2020-09-04 07:46 | Report Abuse

All those Fxxxx be happy to see US down and Ageson no movement or down...happy week end

Posted by starhock > 2020-09-04 09:08 | Report Abuse

buy buy buy

Posted by 5JTJ > 2020-09-04 15:55 | Report Abuse

hoot 9 e

Posted by Goodprofit > 2020-09-04 19:54 | Report Abuse

MATERIAL LITIGATION AGESON BERHAD (FORMERLY KNOWN AS PRINSIPTEK CORPORATION BERHAD) ("AGESON" OR "THE COMPANY") WRIT AND STATEMENT OF CLAIM
AGESON BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description AGESON BERHAD (FORMERLY KNOWN AS PRINSIPTEK CORPORATION BERHAD)
("AGESON" OR "THE COMPANY")

WRIT AND STATEMENT OF CLAIM
The Board of Directors of Ageson wishes to announce that on 3 September 2020, the Company was served with a sealed Writ and Statement of Claim both dated 28 August 2020 as the second defendant (“2nd Defendant”) and to Ageson Development Sdn Bhd (“ADSB”), the wholly-owned subsidiary of the Company, as the first defendant (“1st Defendant”), by RHB Bank Berhad (“Plaintiff”) through its solicitors, Messrs. Shook Lin & Bok. ADSB is not a major subsidiary or principal subsidiary of the Company.



The details of the announcement is attached.

Posted by goodiewilly > 2020-09-04 22:28 | Report Abuse

Next week no eye see

Posted by Goodprofit > 2020-09-04 22:47 | Report Abuse

Jialat next week

Posted by Newuser777 > 2020-09-04 23:14 | Report Abuse

where are the supporters now? unclekyy?

Posted by goodiewilly > 2020-09-04 23:40 | Report Abuse

Luckily 95% sold last week at 16-17 cents..the 5% no eye see.
Hope to gain from others..
RIP

Posted by scrown > 2020-09-05 05:33 | Report Abuse

From the announcement, the board of directors mentioned that the business, financial and operational impact of the default in payment does not expect any financial and operational impact arising from the Writ and Statement of Claim, save for the legal fees disbursements and any other incidental costs.

The estimated potential liability is up to the amount claimed by the Plaintiff (RHB bank) of the sum of RM20,796,387.78 with the interest thereon until the date of full settlement, legal costs and such other relief as the Court deems fit, as set out in item 2 of this announcement. All these liabilities are created by the former boss. Now RHB bank takes action against ex-boss abused fund and 7145 acts as guarantor. It is term loan facilities.

Posted by scrown > 2020-09-05 05:49 | Report Abuse

The Board of Directors of Ageson wishes to announce that on 3 September 2020, the Company wasserved with a sealed Writ and Statement of Claim both dated 28 August 2020 as the second defendant ,(“2nd Defendant”) and to Ageson Development Sdn Bhd (“ADSB”), the wholly-owned subsidiary of the Company(???), as the first defendant (“1st Defendant”), by RHB Bank Berhad (“Plaintiff”) through its solicitors, Messrs. Shook Lin & Bok. ADSB is not a major subsidiary or principal subsidiary of the Company(???).

This announcement is confusing whether ADSB is a subsidiary or not. This was happen in 2015. So it belongs under current Ageson management company or under ex management company

Posted by scrown > 2020-09-05 05:51 | Report Abuse

It is good to clear all the ex mgmt shit first, facility agreement signed on 2015, all projects running well but no dividend payout, dont know where the money have gone. New management should make report and investigate the ex-boss. No wonder so many negative post to attack new management. Hope someone can clear all the doubt

Posted by scrown > 2020-09-05 06:23 | Report Abuse

Liability of 20m/902m share outstanding
=$0.022 per share of liability provision

Posted by scrown > 2020-09-05 09:00 | Report Abuse

goodiewilly：Luckily 95% sold last week at 16-17 cents..the 5% no eye see.
Hope to gain from others..
RIP

For your information, this counter is for investment gain and not contra gain if u invested into this counter as new owner just took over the company with no track record yet

Posted by Goodprofit > 2020-09-05 09:16 | Report Abuse

So jialat on Monday share sure gap down , RHB chasing $$$ from this company daily basis interest calculated.

Posted by Pcmont123 > 2020-09-05 10:16 | Report Abuse

等什么哦！拜一捞底！！！all in

Posted by Goodprofit > 2020-09-05 10:27 | Report Abuse

sure boh monday buy low

Posted by Goodprofit > 2020-09-05 10:27 | Report Abuse

EP price @6sen

Posted by Pcmont123 > 2020-09-05 11:04 | Report Abuse

All in

Posted by Pcmont123 > 2020-09-05 11:04 | Report Abuse

Good news is bad news ,bad news is good news

Posted by Flyinghorse > 2020-09-05 11:33 | Report Abuse

https://www.theedgemarkets.com/article/ageson-sued-rhb-over-rm33m-term-loan

Posted by Peter2357 > 2020-09-05 11:43 | Report Abuse

if you look at last quarterly report there is a borrowing of loan rm21,644 under current liabilities

Posted by Peter2357 > 2020-09-05 11:45 | Report Abuse

under non current liabilities,there is only a small borrowing of rm150k ...other than these 2, there are no borrowing