PRG HOLDINGS BERHAD

KLSE (MYR): PRG (7168)

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Last Price

0.095

Today's Change

-0.005 (5.00%)

Day's Change

0.095 - 0.095

Trading Volume

10,000


6 people like this.

2,771 comment(s). Last comment by LY Hoh 1 week ago

Good123

26,612 posts

Posted by Good123 > 2020-06-17 17:16 | Report Abuse

I want to see thorough clean up for prg this year. prg was formerly known as furniweb , a profitable and dividend paying company.

after new Mgmt plus new substantial shareholders, a lot of shitty deals caused the company losing money since 2018.

hope for a clean up now onwards :p

Good123

26,612 posts

Posted by Good123 > 2020-06-17 17:20 | Report Abuse

many shits :). PRG Holdings Bhd chief executive officer Na Chun Wee has resigned from the position and as the group’s executive director, effective immediately, after helming the group for less than a year.

Good123

26,612 posts

Posted by Good123 > 2020-06-17 17:21 | Report Abuse

dated April 7, 2020

Victor Yong

8,271 posts

Posted by Victor Yong > 2020-06-17 17:49 | Report Abuse

Some values in prg.

On 16 October 2017, the Manufacturing Division of the Group had successfully listed on the GEM of the Stock Exchange of Hong Kong Limited (“HKEX”) via Furniweb Holdings Limited (Stock Code: 8480) (“FHL”) by way of public offer and placement of 126 million shares (“Share Offer”). PRG currently owns 54.19% of the issued share capital of FHL. The Manufacturing Division has diversified its products to Polyvinyl Chloride (“PVC”) related products and expanded its footprint in the People’s Republic of China (the “PRC”) through the acquisition of Meinaide Group which was completed on 28 June 2019.

Good123

26,612 posts

Posted by Good123 > 2020-06-17 18:04 | Report Abuse

gain on disposal if any could help Q1,2020. Subsequently in October, PRG announced that its 54.19% owned subsidiary, FHL had entered into a binding term sheet with an independent third-party to dispose a subsidiary in Vietnam, Premier Elastic Webbing

Good123

26,612 posts

Posted by Good123 > 2020-06-17 18:06 | Report Abuse

this one will help Q2, 2020, gain on disposal too. As part of the Group on-going exercise towards streamlining its structure and business segments by disposing and dissolving its non-performing subsidiary/ associate companies, the Group entered into a conditional share sale agreement for the proposed disposal of 60% equity interest in Premier De Muara Sdn. Bhd., for a cash consideration of RM7.2 million. The proposed disposal is pending for shareholders’ approval which the extraordinary general meeting date has been fixed on 10 June 2020.

Good123

26,612 posts

Posted by Good123 > 2020-06-17 18:09 | Report Abuse

in the annual report 2019 :). We remained cautious on our business strategies and will continue with cost rationalisation in the short-term to mitigate the pandemic risk. We will also leverage on digital marketing through various social media platforms to create brand awareness and generate more sales.
The Group is also evaluating the structural impact of COVID-19 pandemic may have on its long-term business strategies and portfolio of businesses to decide the next course of action. This may include disposing of non-profitable entity to conserve the Group’s cashflow or to reallocate resources to expand existing promising product lines. We will maintain our focus and adjust our strategies, organisation and people to adapt to the rapid change of business environment.

Good123

26,612 posts

Posted by Good123 > 2020-06-17 18:11 | Report Abuse

The Group’s total assets grew by RM156.0 million or 36% from RM433.7 million to RM589.7 million in 31 December 2019 while gearing ratio remained low at 6%. As at 31 December 2019, the shareholders equity of the Company was RM158.8 million. The net asset per share at the end of the current financial year is RM0.39 per share.

Good123

26,612 posts

Posted by Good123 > 2020-06-17 18:21 | Report Abuse

ANALYSIS OF SHAREHOLDINGS AS AT 13 MAY 2020
TOP 30 SHAREHOLDERS
Name of Shareholders No. of Shares %
1 KHO SAU HONG 35,436,700 8.54 2 HSBC NOMINEES (ASING) SDN BHD BENEFICIARY : EXEMPT AN FOR CREDIT SUISSE (SG BR-TST-ASING) 34,924,700 8.42 3 CIMB GROUP NOMINEES (ASING) SDN. BHD. BENEFICIARY : EXEMPT AN FOR DBS BANK LTD (SFS-PB) 28,182,800 6.80 4 SAM YIN THING 20,000,000 4.82 5 KENANGA NOMINEES (TEMPATAN) SDN BHD BENEFICIARY : PLEDGED SECURITIES ACCOUNT FOR LUA CHOON HANN 19,795,400 4.77 6 NG YAN CHENG 16,257,200 3.92 7 SY DIOCELDO SY 15,457,980 3.73 8 LEE LIP KHANG 13,025,800 3.14 9 NG YAN CHENG 11,330,400 2.73 10 KENANGA NOMINEES (TEMPATAN) SDN BHD BENEFICIARY : PLEDGED SECURITIES ACCOUNT FOR PACIFIC VINTAGE SDN BHD 11,051,400 2.66 11 AMSEC NOMINEES (TEMPATAN) SDN BHD BENEFICIARY : PLEDGED SECURITIES ACCOUNT - AMBANK (M) BERHAD FOR LUA CHOON HANN (SMART) 7,318,800 1.76 12 CIMSEC NOMINEES (TEMPATAN) SDN BHD BENEFICIARY : CIMB BANK FOR WEE CHENG KWAN (PBCL-0G0659) 6,800,000 1.64 13 KENANGA NOMINEES (TEMPATAN) SDN BHD BENEFICIARY : PLEDGED SECURITIES ACCOUNT FOR YAU KOK SENG (001) 5,097,100 1.23 14 TI LIAN KER 4,472,800 1.08 15 HLIB NOMINEES (TEMPATAN) SDN BHD BENEFICIARY : PLEDGED SECURITIES ACCOUNT FOR LEE SIM HAK (M) 4,170,000 1.01 16 RHB NOMINEES (TEMPATAN) SDN BHD BENEFICIARY : PLEDGED SECURITIES ACCOUNT FOR CHIA SIEA CHOK 3,981,700 0.96 17 ONG LOCK HOO 3,550,000 0.86 18 PUBLIC NOMINEES (TEMPATAN) SDN BHD BENEFICIARY : PLEDGED SECURITIES ACCOUNT FOR YEU ING DEE (E-KKU/BFT) 3,185,600 0.77 19 QIAN QING 3,140,400 0.76 20 RHB NOMINEES (TEMPATAN) SDN BHD BENEFICIARY : OSK CAPITAL SDN BHD FOR LUA CHOON HANN 2,892,300 0.70 21 CGS-CIMB NOMINEES (TEMPATAN) SDN BHD BENEFICIARY : PLEDGED SECURITIES ACCOUNT FOR JAMES JR LEE WENG KEI (MY3350) 2,827,300 0.68 22 ZHANG SHUAI 2,749,400 0.66 23 HLB NOMINEES (TEMPATAN) SDN BHD BENEFICIARY : PLEDGED SECURITIES ACCOUNT FOR SHEAH KOK FAH 2,720,000 0.66 24 MAYBANK SECURITIES NOMINEES (TEMPATAN) SDN BHD BENEFICIARY : MAYBANK KIM ENG SECURITIES PTE LTD FOR LING CHUI CHUI 2,705,000 0.65 25 CHOY WEE CHIAP 2,664,000 0.64 26 NG KHANG CHYI 2,206,000 0.53 27 KENANGA NOMINEES (ASING) SDN BHD BENEFICIARY : EXEMPT AN FOR GUOTAI JUNAN SECURITIES (HONG KONG) LIMITED (CLIENT ACCOUNT) 2,178,600 0.53 28 TA NOMINEES (TEMPATAN) SDN BHD BENEFICIARY : PLEDGED SECURITIES ACCOUNT FOR LAI SOO KOW 2,143,000 0.52 29 CGS-CIMB NOMINEES (TEMPATAN) SDN BHD BENEFICIARY : PLEDGED SECURITIES ACCOUNT FOR LEE CHONG CHOON (MP0059) 2,000,000 0.48 30 SAM YIN THING 2,000,000 0.48     274,264,380 66.13

Good123

26,612 posts

Posted by Good123 > 2020-06-17 18:22 | Report Abuse

free float ~34% also no single substantial shareholder controls the company. :)

Good123

26,612 posts

Posted by Good123 > 2020-06-17 18:26 | Report Abuse

best time to enter now. impairment, etc already booked in 2019. a low gearing company. FINANCIAL YEAR ENDED 31 DECEMBER
2019 2018 2017 2016 2015 (restated) (restated)
Operating Results
Revenue RM’000 148,542 148,626 158,577 127,512 129,323
(Loss)/Profit before Tax RM’000 (69,500) (5,260) 6,495 4,806 7,241
(Loss)/Profit attributable to Shareholders RM’000 (49,684) (8,978) 449 3,937 6,075
Financial Position
Total Assets RM’000 589,689 433,729 432,201 301,001 268,119
Total Borrowings RM’000 32,999 46,593 28,569 50,952 79,555
Total Cash and Bank Balances RM’000 23,386 35,079 42,023 20,504 24,057
Shareholders’ Equity RM’000 158,795 131,958 131,665 123,692 116,837
Financial Ratios
Return On Equity % (31.29) (6.80) 0.34 3.18 5.20
Return On Revenue % (33.45) (6.04) 0.28 3.09 4.70
Debt/Equity % 20.78 35.31 21.70 41.19 68.09
Net Gearing Ratio times 0.06 0.09 Net Cash 0.25 0.48
Share Information
Gross Dividends Per Share sen - - - 0.50 1.00
Basic Earnings Per Share ** sen (14.42) (2.93) 0.15 1.33 2.10
Net Assets Per Share ** sen 39.41 42.52 43.59 41.53 40.33
** Adjusted for share split (2015)

Good123

26,612 posts

Posted by Good123 > 2020-06-17 19:28 | Report Abuse

https://www.furniweb.com.my/investor-relations/corporate-information/ listed in Hongkong, worth RM1BIL , prg holds more than 50% in it. the jewel in prg

Good123

26,612 posts

Posted by Good123 > 2020-06-17 19:32 | Report Abuse

worth more than HKD330mil , not RM 1bil ... prg holds 50% stake in it , still a lot

Good123

26,612 posts

Posted by Good123 > 2020-06-17 20:00 | Report Abuse

market cap of prg ~rm65mil at 15.5sen, possible to dispose off the 50% stake in FHI worth RM150mil based on the market price in HK

Good123

26,612 posts

Posted by Good123 > 2020-06-17 20:01 | Report Abuse

prg could focus on property dev, construction, plantation, timber extraction and healthcare in future after selling its manufacturing segmebt. let's see

Good123

26,612 posts

Posted by Good123 > 2020-06-17 21:24 | Report Abuse

prg is a potential entity for share grab later. No substantial shareholder could control the prg now. interesting.

PRG Holdings Bhd’s managing director of its property and construction division Datuk Wee Cheng Kwan ceased to become a substantial shareholder in the furniture company after disposing 14.05 million shares, representing a 3.39% stake on the open market on March 20.

Post disposal, Wee has 12.39 million shares or a 2.98% stake.

Wee first bought a stake in the company in 2013, which was then called Furniweb Industrial Products Bhd, prior to its restructuring.

In July 2019, Wee owned a total of 39.5 million shares, or a 9.51% stake in the company.

Good123

26,612 posts

Posted by Good123 > 2020-06-17 21:44 | Report Abuse

Focusing on bread-and-butter developments

Formerly known as Furniweb Industrial Products Bhd, PRG Holdings started out as a manufacturer of accessories and bi-products for the furniture, textile, medical, automotive and food industries. It later included property development and construction as its core business.

The company is divesting its 60% stake in ­Premier De Muara Sdn Bhd, the JV developer of Picasso Residence, for RM7.2 million. Picasso Residence is a high-rise luxury residential project in Jalan Jelatek, off Jalan Ampang, Kuala Lumpur, comprising 472 units in two 38-storey towers.

A JV project with Almaharta Sdn Bhd on a 60:40 basis, Picasso Residence was launched at prices starting from RM950 psf, with unit built-ups ranging from 1,013 to 2,480 sq ft. As at February 2018, Picasso Residence had a GDV of RM800 million and has achieved a take-up rate of 65%, comprising mostly foreign buyers.

According to Na, the company has entered into a share sale agreement with Liveintent Sdn Bhd for the proposed disposal. Liveintent is a private limited company principally involved in real estate activities with its own or leased properties, business management consultancy services and wholesale of goods. PRG Holdings will be holding  an extraordinary general meeting on the disposal in the coming months. At the time of divestment, Picasso Residence was about 35% completed.

“We are of the view that the proposed disposal would enable the company to focus on property development projects other than Picasso Residence, and at the same time, provide the company with the flexibility to reallocate its cash and other resources efficiently among those projects,” Na says via email.

“Our focus now is really on affordable homes, similar to what we are offering at Embayu. [We believe] that’s where the real demand is. We are targeting the mass domestic market with affordable prices at around half a million ringgit, as we strongly believe that affordable properties will continue to be in demand, especially in prime areas in Selangor and Kuala Lumpur,” he says, adding that the company will continue to look for land in strategic areas to add to its land bank or form JVs with landowners for upcoming projects.

“Meanwhile, our [aim] is to get Embayu up and running, and since we have the right product offering, we are very confident that, with all the resources ploughed into this project, it will be delivered [to our buyers] on time and meet their expectations.

“We believe Damansara West will only get more vibrant with young people moving in ... those with a high propensity to spend, including college students. It will be the next growth area,” says Na.

Good123

26,612 posts

Posted by Good123 > 2020-06-17 21:45 | Report Abuse

Manufacturer-turned-property developer PRG Holdings Bhd is planning to officially launch Embayu @ Damansara West on April 19. The condominium is located in Seksyen U5 in Shah Alam, Selangor, and has a gross development value (GDV) of RM270 million. It is a joint venture (JV) project between PRG and the land owner, Baycity Park Sdn Bhd.

PRG Holdings group CEO Richard Na Chun Wee and chief operating officer of property development Andy Tan Choong Wei tell City

Good123

26,612 posts

Posted by Good123 > 2020-06-17 22:49 | Report Abuse

rebound soon, :). PRG HOLDINGS BHD, which is involved in manufacturing, property development and construction, is the second top loser with a 66.96% decline in its share price from 56 sen to 18.5 sen in two months

Victor Yong

8,271 posts

Posted by Victor Yong > 2020-06-17 23:02 | Report Abuse

:)

PRGH Historical Data
Time Frame:

Monthly
06/28/2018 - 06/17/2020

Date Price Open High Low Vol. Change %
Jun 20 0.155 0.155 0.185 0.145 1.21M -8.82%
May 20 0.170 0.185 0.195 0.165 44.58M -8.11%
Apr 20 0.185 0.225 0.230 0.170 166.20M -19.57%
Mar 20 0.230 0.550 0.575 0.055 275.40M -58.93%
Feb 20 0.560 0.555 0.650 0.530 14.40M 0.00%
Jan 20 0.560 0.590 0.630 0.530 6.35M -6.67%
Dec 19 0.600 0.620 0.655 0.565 8.38M -4.00%
Nov 19 0.625 0.685 0.740 0.550 41.13M -8.76%
Oct 19 0.685 1.080 1.120 0.620 130.96M -36.57%
Sep 19 1.080 0.610 1.300 0.610 81.76M 77.05%
Aug 19 0.610 0.580 0.640 0.570 5.34M 3.39%
Jul 19 0.590 0.725 0.730 0.565 2.59M -18.06%
Jun 19 0.720 0.670 0.745 0.570 5.89M 7.46%
May 19 0.670 0.710 0.720 0.670 2.14M -6.94%
Apr 19 0.720 0.740 0.745 0.700 2.66M -2.70%
Mar 19 0.740 0.745 0.750 0.730 6.24M -1.33%
Feb 19 0.750 0.745 0.765 0.735 3.24M 0.00%
Jan 19 0.750 0.755 0.760 0.730 1.89M -1.96%
Dec 18 0.765 0.740 0.765 0.700 1.84M 0.66%
Nov 18 0.760 0.760 0.770 0.730 1.62M 0.00%
Oct 18 0.760 0.755 0.775 0.715 2.25M -1.94%
Sep 18 0.775 0.770 0.780 0.750 1.09M 0.65%
Aug 18 0.770 0.780 0.800 0.700 3.08M -1.28%
Jul 18 0.780 0.790 0.840 0.770 3.37M -7.14%

Victor Yong

8,271 posts

Posted by Victor Yong > 2020-06-17 23:06 | Report Abuse

Furniweb Holdings Ltd (8480)

Hong Kong

0.590 +0.020 +3.51%
04:08:22 - Closed. Currency in HKD ( Disclaimer )
Type: Equity
Market: Hong Kong
ISIN: KYG370041017
Volume: 8,000 Bid/Ask: 0.540 / 0.600 Day's Range: 0.570 - 0.590
Furniweb 0.590 +0.020 +3.51%

8480 Historical Data
Time Frame:

Monthly
06/28/2018 - 06/17/2020

Date Price Open High Low Vol. Change %
Jun 20 0.590 0.900 0.900 0.380 8.00K -34.44%
May 20 0.900 1.080 1.080 0.890 4.00K -16.67%
Apr 20 1.080 1.070 1.100 0.950 10.90M 0.93%
Mar 20 1.070 1.240 1.300 0.970 11.09M -13.71%
Feb 20 1.240 1.330 1.400 1.150 3.34M -6.77%
Jan 20 1.330 1.420 1.530 1.260 6.97M -6.34%
Dec 19 1.420 1.500 1.780 1.330 4.96M -5.33%
Nov 19 1.500 2.240 2.260 1.390 8.64M -33.04%
Oct 19 2.240 2.230 2.310 2.080 12.17M 0.45%
Sep 19 2.230 2.190 2.340 2.090 11.92M 1.83%
Aug 19 2.190 2.450 2.450 2.000 15.58M -10.61%
Jul 19 2.450 2.700 2.780 2.390 11.28M -9.26%
Jun 19 2.700 2.900 3.000 2.600 50.05M -6.90%
May 19 2.900 2.980 3.100 2.450 27.63M -2.68%
Apr 19 2.980 2.800 3.050 2.770 5.75M 6.43%
Mar 19 2.800 2.960 2.970 2.360 13.28M -5.41%
Feb 19 2.960 3.140 3.190 2.680 6.48M -5.73%
Jan 19 3.140 2.900 3.320 1.640 41.16M 8.28%
Dec 18 2.900 3.070 3.280 2.510 28.55M -5.54%
Nov 18 3.070 1.850 3.340 1.780 68.05M 65.95%
Oct 18 1.850 0.880 1.900 0.700 146.42M 125.61%
Sep 18 0.820 0.600 0.980 0.580 194.58M 34.43%
Aug 18 0.610 0.310 0.630 0.290 55.19M 96.77%
Jul 18 0.310 0.345 0.410 0.300 3.71M -10.14%

Good123

26,612 posts

Posted by Good123 > 2020-06-18 07:50 | Report Abuse

Change in Boardroom

PRG HOLDINGS BERHAD
Date of change11 Jun 2020NameMR NG TZEE PENNAge43GenderMaleNationalitySingaporeType of changeRedesignationPrevious PositionNon-Independent DirectorNew PositionExecutive DirectorDirectorateExecutive

Qualifications

No

Qualifications

Major/Field of Study

Institute/University

Additional Information


Working experience and occupationFamily relationship with any director and/or major shareholder of the listed issuerAny conflict of interests that he/she has with the listed issuerDetails of any interest in the securities of the listed issuer or its subsidiaries


Remarks :The Board has resolved to re-designate Ng Tzee Penn from Non-Independent Non-Executive Director to Executive Director effective on 11 June 2020.


Announcement Info

Company NamePRG HOLDINGS BERHADStock NamePRGDate Announced11 Jun 2020CategoryChange in BoardroomReference NumberC03-11062020-00002

Good123

26,612 posts

Posted by Good123 > 2020-06-18 08:04 | Report Abuse

focusing on property Dev and exit from manufacturing are possible. KUALA LUMPUR (June 17): YNH Property Bhd’s share price climbed as much as 18 sen or 5.63% to hit its all-time high of RM3.58 in the morning session, albeit in thin trades.

The property counter later fell on profit-taking to settle at RM3.19, or down one sen from Tuesday’s close, with 10.27 million shares traded.

Still, it is at its peak following a recent rally that started on June 9. In the period, the counter has gained 18.15% as opposed to the 2.9% decline in the Bursa Malaysia Property Index.

At its last close, YNH Property is the third most expensive stock across Bursa Malaysia in terms of price-to-book value (P/BV) after its sister company Rapid Synergy Bhd and HCK Capital Group Bhd (see chart).



YNH Property, controlled by non-executive director Datuk Dr Yu Kuan Chon with a 32.58% interest, last saw its shares trade at 1.45 times P/BV against net book value of RM2.20 per share.

Rapid Synergy, which has Yu as the common shareholder with 29.44% control over the company, trades at a hefty P/BV of 3.42 times based on its last close of RM5.68 and net book value of RM1.37 per share.

Meanwhile, HCK Capital, whose shares settled at RM1.21, traded at P/BV of 2.45 times, against net book value of 49 sen per share. The company is controlled by Sarawakian tycoon Tan Sri Clement Hii whose 63.36% stake is held via Hiichiikok Equities Sdn Bhd.

The valuations are much higher than the P/BV ratio of 0.38 times fetched by the Bursa Malaysia Property Index, which tracks 94 property stocks across the local bourse.  

YNH, which developed a township in its home state Perak, has always boasted that it has interesting assets yet to be capitalised such as a 95-acre plot in Genting Highlands and a three-acre parcel on Jalan Sultan Ismail near the Petronas Twin Towers.

YNH expressed plans to launch two high-rise projects this year with gross development value of RM700 million each in a parcel in Genting Highlands, as well as in Dutamas. That was, however, before COVID-19 hit and disrupted the supply chain.

The group is set to release its first quarter ended March 31, 2020 (1QFY20) results by the end of this month.

For the financial year ended Dec 31, 2019 (FY19), YNH's net profit jumped 170% to RM42.17 million from RM15.61 million, thanks to lower cost of sales amid recognition of balance of profit for the completion of Sfera Residensi in Puchong, and profit contribution from the Kiara 163 project in Kuala Lumpur. Full-year revenue slid 1.32% to RM349.33 million from RM354.02 million.

The results leave YNH shares at a trailing 12-month price-to-earnings ratio of 40 times, as opposed to 200 times PER for Rapid Synergy and 66 times in HCK Capital.

Victor Yong

8,271 posts

Posted by Victor Yong > 2020-06-18 08:21 | Report Abuse

History -direct biz transactions

Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share

01/04/2020 00:00:00 0.1800 -0.0500 1.650m 1.650m 297,000 297,000 0.1800 0.3975 -
25/03/2020 00:00:00 0.1500 0.0500 1.200m 20.000m 180,000 3.000m 0.1500 0.2891 -
25/03/2020 00:00:00 0.1500 0.0500 10.088m 20.000m 1.513m 3.000m 0.1500 2.4300 -
25/03/2020 00:00:00 0.1500 0.0500 8.518m 20.000m 1.278m 3.000m 0.1500 2.0519 -
25/03/2020 00:00:00 0.1500 0.0500 194,100 20.000m 29,115 3.000m 0.1500 0.0468 -
19/03/2020 00:00:00 0.1200 0.0100 3.500m 3.500m 420,000 420,000 0.1200 0.8431 -
17/03/2020 00:00:00 0.5000 -0.0500 260,000 260,000 130,000 130,000 0.5000 0.0626 -
07/02/2020 00:00:00 0.5000 -0.0600 300,000 300,000 150,000 150,000 0.5000 0.0744 -
06/02/2020 00:00:00 0.5000 -0.0600 200,000 200,000 100,000 100,000 0.5000 0.0496 -
03/02/2020 00:00:00 0.5000 -0.0600 150,000 360,000 75,000 180,000 0.5000 0.0372 -
03/02/2020 00:00:00 0.5000 -0.0600 210,000 360,000 105,000 180,000 0.5000 0.0521 -
29/01/2020 00:00:00 0.5300 -0.0300 100,000 100,000 53,000 53,000 0.5300 0.0248 -
28/01/2020 00:00:00 0.5300 -0.0350 100,000 100,000 53,000 53,000 0.5300 0.0248 -
30/09/2019 00:00:00 1.2000 - 20,000 20,000 24,000 24,000 1.2000 0.0055 -
11/09/2019 00:00:00 0.6500 -0.1400 1.500m 5.500m 975,000 3.575m 0.6500 0.4132 -
11/09/2019 00:00:00 0.6500 -0.1400 4.000m 5.500m 2.600m 3.575m 0.6500 1.1019 -
10/09/2019 00:00:00 0.6000 -0.1300 1.300m 3.000m 780,000 1.800m 0.6000 0.3581 -
10/09/2019 00:00:00 0.6000 -0.1300 500,000 3.000m 300,000 1.800m 0.6000 0.1377 -
10/09/2019 00:00:00 0.6000 -0.1300 1.200m 3.000m 720,000 1.800m 0.6000 0.3306 -
06/09/2019 00:00:00 0.6000 -0.1100 4.500m 6.500m 2.700m 3.900m 0.6000 1.2397 -
06/09/2019 00:00:00 0.6000 -0.1100 2.000m 6.500m 1.200m 3.900m 0.6000 0.5510 -
04/09/2019 00:00:00 0.5500 -0.1000 100,000 100,000 55,000 55,000 0.5500 0.0275 -
03/09/2019 00:00:00 0.5500 -0.0600 100,000 100,000 55,000 55,000 0.5500 0.0275 -
23/08/2019 00:00:00 0.5500 -0.0350 200,000 200,000 110,000 110,000 0.5500 0.0551 -
22/08/2019 00:00:00 0.5500 -0.0350 100,000 100,000 55,000 55,000 0.5500 0.0275 -
20/08/2019 00:00:00 0.5500 -0.0350 100,000 400,000 55,000 220,000 0.5500 0.0275 -
20/08/2019 00:00:00 0.5500 -0.0350 200,000 400,000 110,000 220,000 0.5500 0.0551 -
20/08/2019 00:00:00 0.5500 -0.0350 100,000 400,000 55,000 220,000 0.5500 0.0275 -
15/08/2019 00:00:00 0.5900 - 90,000 90,000 53,100 53,100 0.5900 0.0248 -
13/08/2019 00:00:00 0.6000 -0.0050 70,000 90,000 42,000 54,000 0.6000 0.0193 -
13/08/2019 00:00:00 0.6000 -0.0050 20,000 90,000 12,000 54,000 0.6000 0.0055 -
14/11/2018 00:00:00 0.7000 -0.0700 285,000 285,000 199,500 199,500 0.7000 0.0919 -
13/11/2018 00:00:00 0.7000 -0.0650 430,000 430,000 301,000 301,000 0.7000 0.1388 -
08/11/2018 00:00:00 0.7000 -0.0600 715,000 715,000 500,500 500,500 0.7000 0.2308 -
05/11/2018 00:00:00 0.7000 -0.0700 600,000 3.116m 420,000 2.181m 0.7000 0.1936 -
05/11/2018 00:00:00 0.7000 -0.0700 1.355m 3.116m 948,430 2.181m 0.7000 0.4373 -
05/11/2018 00:00:00 0.7000 -0.0700 187,400 3.116m 131,180 2.181m 0.7000 0.0605 -
05/11/2018 00:00:00 0.7000 -0.0700 973,280 3.116m 681,296 2.181m 0.7000 0.3141 -
30/10/2018 00:00:00 0.7000 -0.0700 3.000m 7.730m 2.100m 5.411m 0.7000 0.9683 -
30/10/2018 00:00:00 0.7000 -0.0700 2.730m 7.730m 1.911m 5.411m 0.7000 0.8812 -
30/10/2018 00:00:00 0.7000 -0.0700 2.000m 7.730m 1.400m 5.411m 0.7000 0.6455 -
29/10/2018 00:00:00 0.7000 -0.0700 1.987m 1.987m 1.391m 1.391m 0.7000 0.6412 -
28/08/2018 00:00:00 0.7800 - 1.300m 2.000m 1.014m 1.560m 0.7800 0.4209 -
28/08/2018 00:00:00 0.7800 - 700,000 2.000m 546,000 1.560m 0.7800 0.2266 -
22/06/2018 00:00:00 0.8000 -0.0400 400,000 400,000 320,000 320,000 0.8000 0.1318 -
21/06/2018 00:00:00 0.8000 -0.0400 1.200m 1.200m 960,000 960,000 0.8000 0.3955 -
24/05/2018 00:00:00 0.8000 -0.0600 3.000m 3.000m 2.400m 2.400m 0.8000 0.9906 -
06/12/2016 00:00:00 0.5700 -0.1000 900,000 900,000 513,000 513,000 0.5700 0.3018 -
14/06/2016 00:00:00 1.1500 0.0500 154,100 154,100 177,215 177,215 1.1500 0.1041 -
08/03/2016 00:00:00 1.0500 0.0100 140,000 400,000 147,000 420,000 1.0500 0.0946 -
08/03/2016 00:00:00 1.0500 0.0100 200,000 400,000 210,000 420,000 1.0500 0.1352 -
08/03/2016 00:00:00 1.0500 0.0100 60,000 400,000 63,000 420,000 1.0500 0.0405 -
03/02/2016 00:00:00 1.1000 -0.0400 2.000m 3.000m 2.200m 3.200m 1.0667 1.3787 -
03/02/2016 00:00:00 1.0000 -0.1400 1.000m 3.000m 1.000m 3.200m 1.0667 0.6894 -
28/01/2016 00:00:00 0.9600 -0.1200 350,000 350,000 336,000 336,000 0.9600 0.2413 -
27/01/2016 00:00:00 0.9600 -0.1000 650,000 650,000 624,000 624,000 0.9600 0.4481 -
04/01/2016 00:00:00 0.9000 -0.0300 1.105m 1.105m 994,500 994,500 0.9000 0.7617 -
30/11/2015 00:00:00 0.8000 0.0100 4.249m 25.449m 3.399m 20.359m 0.8000 2.9291 -
30/11/2015 00:00:00 0.8000 0.0100 1.250m 25.449m 1.000m 20.359m 0.8000 0.8617 -

Good123

26,612 posts

Posted by Good123 > 2020-06-18 08:31 | Report Abuse

hope someone will take it private, market cap only rm65mil. 50% stake in Furniweb HK is worth rm150mil

Good123

26,612 posts

Posted by Good123 > 2020-06-18 08:39 | Report Abuse

the few substantial shareholders to privatise it now or management buyout is possible

Victor Yong

8,271 posts

Posted by Victor Yong > 2020-06-18 08:48 | Report Abuse

Dato’ Wee Cheng Kwan
Managing Director - Property & Construction
Nationality : Malaysian | Age : 43 | Gender : Male
DIRECTORS’ PROFILE cont’d
Date of Appointment: 5 August 2013
Academic/Professional Qualification/Membership(s): Bachelor of Civil Engineering, University of Portsmouth (1997 - 1999)
Board Committee: Nil
Present Directorship(s): Listed entity: Nil
Other public company: Nil
Present Appointment(s): Nil
Past Appointment(s): • Project Manager, Biaxis (M) Sdn. Bhd. • Structural Engineer, Chiu Teng Construction Pte. Ltd. (Singapore) • Engineer, L&M Foundation Specialist Pte. Ltd. (Singapore)
Number of Board Meetings attended during financial year 2019: 7/7

Victor Yong

8,271 posts

Posted by Victor Yong > 2020-06-18 08:49 | Report Abuse

Dato’ Lua Choon Hann
Group Executive Vice Chairman
Nationality : Malaysian | Age : 43 | Gender : Male
DIRECTORS’ PROFILE cont’d
Date of Appointment: 1 November 2013
Academic/Professional Qualification/Membership(s): Bachelor of Law, University of Cardiff
Board Committee: Nil
Present Directorship(s): Listed entity: Nil
Other public company: Nil
Present Appointment(s): • Executive Director, Furniweb Holdings Limited (April 2017 - Present)
Past Appointment(s): • Independent Director & Chairman of Audit Committee, Pelikan International Corporate Berhad (April 2013 - September 2019) • Director, Malaysian Investment Development Authority (2017 - 2018) • Public Prosecutor, Attorney General’s Chambers in Singapore (2000 - 2002) • With his professional legal experience, business acumen and commercial know-how, Dato’ Lua became an entrepreneur in 2003 through various business ventures in Malaysia, China, Singapore and Hong Kong, involving various sectors, including the provision of corporate consultancy and solution services, property development and other related businesses.
Number of Board Meetings attended during financial year 2019: 6/7

Victor Yong

8,271 posts

Posted by Victor Yong > 2020-06-18 08:50 | Report Abuse

Ng Tzee Penn
Non-Independent Non-Executive Director
Nationality : Singaporean | Age : 43 | Gender : Male
Date of Appointment: 8 May 2020
Academic/Professional Qualification/Membership(s): Bachelor of Engineering, National University of Singapore
Board Committee: Nil
Present Directorship(s): Listed entity: Nil
Other public company: Nil
Present Appointment(s): Chief Operating Officer and Executive Director of Tessa Therapeutics (January 2016 - present)
Past Appointment(s): • Director - Global Business Unit (Asia) and Marketing of Spectrum Brands (January 2015 - December 2015) • Director - Global Program Management and China Sales (August 2006 - December 2014)
Number of Board Meetings attended during financial year 2019: Not applicable
Others: Son of Ng Yan Cheng, the major shareholder of PRG.

Victor Yong

8,271 posts

Posted by Victor Yong > 2020-06-18 08:50 | Report Abuse

Ji Haitao
Independent Non-Executive Director
Nationality : Australian | Age : 43 | Gender : Male
Date of Appointment: 8 May 2020
Academic/Professional Qualification/Membership(s): Bachelor of Commerce, University of Sydney
Board Committee: Nil
Present Directorship(s): Listed entity: Nil
Other public company: Nil
Present Appointment(s): Managing Director of Net Venture Properties (Australia) Pty Ltd (May 2013 - present)
Past Appointment(s): Managing Director of D W Link Pty Ltd (February 2007 - July 2011)
Number of Board Meetings attended during financial year 2019: Not applicable

Victor Yong

8,271 posts

Posted by Victor Yong > 2020-06-18 08:53 | Report Abuse

LUM SZE MUN Head of Finance
Nationality/Age/Gender: Malaysian/36/Female
Date of Appointment to current position: 2 May 2019
Academic/Professional Qualification/Membership(s): Fellow member of The Association of Chartered Accountants (FCCA)
Present Directorship(s): Listed entity: Nil
Other public company: Nil
working Experience: • Financial Controller, Nescaya Daiman Sdn. Bhd. (2016 - 2018) • Senior Finance Manager, PRG Holdings Berhad (2014 - 2016) • Senior Finance Manager, Encorp Berhad (2009 - 2014) • Assistant Manager, Ernst & Young KL (2005 - 2009)

CHEAH HANNON Director of Corporate Affairs & Executive Director of Furniweb Holdings Limited
Nationality/Age/Gender: Malaysian/48/Male
Date of Appointment: 1 February 2016
Academic/Professional Qualification/Membership(s): Bachelor of Science Degree in Accounting and Finance, Purdue University (1995)
Present Directorship(s): Listed entities: G Neptune Berhad Minetech Resources Berhad
Other public company: Nil
working Experience: • Independent Non-Executive Director, Minetech Resources Berhad (January 2020 - present) • Independent Non-Executive Director, G Neptune Berhad (April 2018 - present) • Director of Corporate Finance, Amanie Corporate Advisors (2012 - 2016) • Associate Director of Institutional Sales, Ambank Securities Sdn. Bhd. (2008 - 2009) • Assistant General Manager of Equity Sales, RHB Securities (2004 - 2008) • Associate Director of Equity Sales, UOB Kay Hian Securities Singapore (1999 - 2004)

CHEAH ENG CHUAN Chief Executive Officer & Executive Director of Furniweb Holdings Limited
Nationality/Age/Gender: Malaysian/73/Male
Date of Appointment: 21 July 2003
Academic/Professional Qualification/Membership(s): Completed his secondary school education in Malaysia.
Present Directorship(s): Listed entity: Nil
Other public company: Nil
working Experience: • Vice President, Malaysian Textile Manufacturers Association (2011 - present) • Rubberflex Sdn. Bhd. (1986 - 1987) • Heveafil Sdn. Bhd. (1980 - 1986) • Oriental Elastic Industries Co. (1974 - 1980) • Malaysian Army (1965 - 1974)
Others: Founder member of Furniweb Manufacturing Sdn. Bhd., Webtex Trading Sdn. Bhd. and Texstrip Manufacturing Sdn. Bhd.

TAN CHUAN DYI Chief Operating Officer of Furniweb Holdings Limited
Nationality/Age/Gender: Malaysian/48/Male
Date of Appointment: 2 January 2014
Academic/Professional Qualification/Membership(s): Bachelor of Science in Business Administration (Major in Finance Option), California State University of Fresno
Present Directorship(s): Listed entity: Naim Holdings Berhad
Other public company: Nil
working Experience: • Independent Non-Executive Director, Naim Holdings Berhad • Head of Equity Syndication of Group Investment Banking, Kenanga Investment Bank Berhad • Head, Equity Capital Markets, RHB Investment Bank Berhad • Senior Vice President, Institutional Sales, CIMB & Affin Securities • Portfolio management officer, AMMB Asset Management Sdn. Bhd.

HO PHEI SUAN Chief Financial Officer of Furniweb Holdings Limited
Nationality/Age/Gender: Malaysian/40/Female
Date of Appointment: 2 May 2014
Academic/Professional Qualification/Membership(s): • Bachelor of Accounting from University of Malaya • Certified Public Accountant of Malaysian Institute of Accountants (MIA) • A member of the Malaysian Institute of Certified Public Accountants (MICPA)
Present Directorship(s): Listed entity: Nil
Other public company: Nil
working Experience: • Senior Manager of Corporate Finance, Encorp Berhad (2012 - 2014) • Business Analyst of Hewlett Packard Malaysia (2011 - 2012) • Audit Manager of KPMG China (2008 - 2010) • Audit Manager of Ernst & Young Malaysia (2002 - 2008)

TAN CHOONG wEI Chief Operating Officer, Property Development Division
Nationality/Age/Gender: Malaysian/41/Male
Date of Appointment: 4 September 2017
Academic/Professional Qualification/Membership(s): Bachelor of Science (Land Administration & Development), University of Technology, Malaysia
Present Directorship(s): Listed entity: Nil
Other public company: Mirame Land Berhad
working Experience: • General Manager, PRG Property Sdn. Bhd. (2014 - 2017) • Senior Vice President, Villamas Sdn. Bhd. (2007 - 2014) • Assistant Project Manager, Saujana Heights Sdn. Bhd. (2005 - 2007)

Victor Yong

8,271 posts

Posted by Victor Yong > 2020-06-18 08:54 | Report Abuse

HO PHEI SUAN Chief Financial Officer of Furniweb Holdings Limited
Nationality/Age/Gender: Malaysian/40/Female
Date of Appointment: 2 May 2014
Academic/Professional Qualification/Membership(s): • Bachelor of Accounting from University of Malaya • Certified Public Accountant of Malaysian Institute of Accountants (MIA) • A member of the Malaysian Institute of Certified Public Accountants (MICPA)
Present Directorship(s): Listed entity: Nil
Other public company: Nil
working Experience: • Senior Manager of Corporate Finance, Encorp Berhad (2012 - 2014) • Business Analyst of Hewlett Packard Malaysia (2011 - 2012) • Audit Manager of KPMG China (2008 - 2010) • Audit Manager of Ernst & Young Malaysia (2002 - 2008)

TAN CHOONG wEI Chief Operating Officer, Property Development Division
Nationality/Age/Gender: Malaysian/41/Male
Date of Appointment: 4 September 2017
Academic/Professional Qualification/Membership(s): Bachelor of Science (Land Administration & Development), University of Technology, Malaysia
Present Directorship(s): Listed entity: Nil
Other public company: Mirame Land Berhad
working Experience: • General Manager, PRG Property Sdn. Bhd. (2014 - 2017) • Senior Vice President, Villamas Sdn. Bhd. (2007 - 2014) • Assistant Project Manager, Saujana Heights Sdn. Bhd. (2005 - 2007)

DATUK YOO wEI HOw Managing Director, Agriculture
Nationality/Age/Gender: Malaysian/47/Male
Date of Appointment: 1 November 2019
Academic/Professional Qualification/Membership(s): Master in Business Administration
Present Directorship(s): Listed entity: Nil
Other public company: Nil
working Experience: • Publicity Officer in Villaraya Holdings Sdn. Bhd. • Public Relation Manager, Villaraya Holdings Sdn. Bhd. • Trainer, US Training & Research Sdn. Bhd. • Advisor for Managing Director, Seri Mutiara Sdn. Bhd. • Executive Director, Trans Inn Sdn. Bhd. • Business Development Director, Petrol One Berhad • Advisor, Smart Crest Sdn. Bhd. • Co-owner cum Marketing Director, Nature Goodness Food Industry Sdn. Bhd. • Business Development Director, Oil Hub Sdn. Bhd.

Victor Yong

8,271 posts

Posted by Victor Yong > 2020-06-18 09:29 | Report Abuse

recorded at cost many years ago? :)

LIST OF GROUP PROPERTIES
Address Owner Description
Age of building
Tenure/ Expiry
Existing Use
Land Area (Sq ft.)
Carrying Value as at 31/12/2019 (RM’000)
Date of Valuation (* Date of Acquisition)
Title No. H.S. (M) 967, P.T. No. 208, Mukim of Cheras, District of Hulu Langat, Selangor
FMSB Land and a 1 ½ -storey detached office cum factory building and ancillary buildings
27 Leasehold (60 years)/ 11 Feb 2075^
Industrial 51,905 2,937 #31/7/2017
Title No. H.S. (M) 943, P.T. No. 7179, Mukim of Cheras, District of Hulu Langat, Selangor
SSKSB FMSB
Land and a 2-storey detached factory building
27 Leasehold (60 years)/ 11 Feb 2075^
Industrial 56,253 3,329 #31/7/2017
Title No. H.S. (M) 1594, P.T. No. 2374, Kg. Bharu Balakong, Mukim of Cheras, District of Hulu Langat, Selangor
FMSB Land, a purposebuilt 2-storey detached factory, 3-storey office building and ancillary buildings
11 Leasehold (99 years)/ 3 Jul 2083
Industrial 87,123 8,023 #31/7/2017
No. 18, Road 3A, Bien Hoa Industrial Zone II, Long Binh Ward, Bien Hoa City, Dong Nai Province, Vietnam
FVSC Two-level office, two workshops, a warehouse, a canteen and a security booth
21 Lease (47 years)/ 16 Jan 2044
Industrial 150,544 1,911 #31/7/2017
Title No. H.S. (D) 37374, P.T. No. 4886, Mukim and District of Klang, Selangor Address : No. 46, Jalan Harum 25/49, Seksyen 25, 40400 Shah Alam, Selangor
Texstrip 3 storey compact terrace house
36 Freehold Residential 840 71 #31/7/2017
Title No. GM 8265, Lot 87591, Mukim and District of Klang, Selangor
Texstrip Land and a single-storey industrial building with a double-storey office annex
29 Freehold Industrial 50,515 2,047 #31/7/2017
ANNUAL REPORT 2019 193
LIST OF GROUP PROPERTIES cont’d
Address Owner Description
Age of building
Tenure/ Expiry
Existing Use
Land Area (Sq ft.)
Carrying Value as at 31/12/2019 (RM’000)
Date of Valuation (* Date of Acquisition)
HS(D) 111073, PT No. 9, Mukim Damansara, Daerah Petaling, Negeri Selangor Address: Lot C601, Capital 3, Oasis Square, No. 2, Jalan PJU 1A/7A, Ara Damansara, 47301 Petaling Jaya, Selangor
PRGPSB Corporate Office
6 Freehold Commercial 8,541 4,932 *1/11/2014
PN 45266, 141 Section 88, Town and District of Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
PDMSB Residential properties under construction
6 Leasehold (99 years)/ 17 Feb 2108
Residential 153,999 182,825 *30/7/2014
Street No. 8, Nhon Trach Industrial Zone 1, Nhon Trach District, Dong Nai Province, Vietnam
PEWA One 2-level office, two 1-level workshops, one 3-level workshop, a canteen, two security booths, a parking area and a power station
17 Lease (46 years)/ 22 Jan 2048
Industrial 280,755 4,059 #31/7/2017
PT 46025, H.S. (M) 13499, Seksyen U5, Mukim Sungai Buloh, Daerah Petaling, 40150 Shah Alam
PBSB Residential properties under construction
3 Leasehold (99 years)/ 16 Feb 2105
Residential 282,606 30,074 18/8/2016
There were no revaluation on the land and properties owned by the Group for the financial year ended 31 December 2019.
^ Land premium was paid for an extension of sixty (60) years on 12 February 2015 and subject to perfection of the documentation by authorities.
# The market value from the recent valuation was not recorded in the financial statements as the land and buildings of the Group are measured at cost.

Good123

26,612 posts

Posted by Good123 > 2020-06-18 09:58 | Report Abuse

remind me of TH Group BHD ventured into IT and hospital and then making losses. privatised and focused back on palm oil plantation, construction and timber extraction. back to core biz where the group has the strengths. could prg be another TH Group soon? :)

Good123

26,612 posts

Posted by Good123 > 2020-06-18 10:21 | Report Abuse

prg should dispose its new retailing biz focused on a new brand in Asia. no core skill in branded products. sure burn money

Good123

26,612 posts

Posted by Good123 > 2020-06-18 10:23 | Report Abuse

stop all these JVs and investment in associate companies related to healthcare. also burn money, no core skill , depending on others, subject to fraud, etc

Good123

26,612 posts

Posted by Good123 > 2020-06-18 10:24 | Report Abuse

teak wood plantation, if not making money within 2 years, better dispose off, also another shitty purchase

Good123

26,612 posts

Posted by Good123 > 2020-06-18 10:25 | Report Abuse

manufacturing

Good123

26,612 posts

Posted by Good123 > 2020-06-18 10:27 | Report Abuse

even prop Dev

Good123

26,612 posts

Posted by Good123 > 2020-06-18 10:30 | Report Abuse

coming AGM on 30june, shareholders should urge to BODs to focus on its biz. acquiring all the non-core shitty stuff are burning shareholders' funds crazily

Good123

26,612 posts

Posted by Good123 > 2020-06-18 10:32 | Report Abuse

prg paid dividend till 2017. 2018 started no dividend. enough of throwing money after shitty acquisition, starting non-core biz depending on others

Good123

26,612 posts

Posted by Good123 > 2020-06-18 15:45 | Report Abuse

probably the substantial shareholders takda duit now, very likely when they have money , they will enter the open market to sapu more shares to control the company. that's why other substantial shareholders blocked the debt settlement with Mr lua using shares valued at ~18sen during the EGM recently. :). 30% free float in the open market

Good123

26,612 posts

Posted by Good123 > 2020-06-18 15:56 | Report Abuse

core biz: manufacturing, property Dev

Victor Yong

8,271 posts

Posted by Victor Yong > 2020-06-18 16:33 | Report Abuse

FURNIWEB HOLDINGS LIMITED

Loss for the Financial Year The loss for the Financial Year amounted to approximately RM50.8 million (2018: profit of RM0.9 million), representing a decrease of approximately RM51.7 million as compared to 2018. The loss incurred was mainly due to (i) impairment losses amounted to approximately RM43.3 million on goodwill, assets held for sale and interest on associate; (ii) loss of approximately RM7.7 million from the Retail Division which was still at the start-up stage; (iii) fair value change of profit guarantee amounted to approximately RM2.6 million; and (iv) the one-off professional fees for the Acquisition of approximately RM1.5 million during the Financial Year.
However, the overall decrease in profit was partially offset by the profit contributed by the PVC Subsidiaries. Setting aside the loss incurred by the Retail Division, one-off impairment losses and fair value change of profit guarantee, professional fees and corporate expenses, the Manufacturing Division made a profit of approximately RM7.1 million (2018: RM3.0 million) for the Financial Year.

Victor Yong

8,271 posts

Posted by Victor Yong > 2020-06-18 16:33 | Report Abuse

yup... manufacturing is still the profit generator. :)

apolloang

18,163 posts

Posted by apolloang > 2020-06-18 16:34 | Report Abuse

belum macam London biscuit yet? hahaha

Good123

26,612 posts

Posted by Good123 > 2020-06-19 09:21 | Report Abuse

dateline by 31 aug 2020

Good123

26,612 posts

Posted by Good123 > 2020-06-19 09:21 | Report Abuse

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PRG HOLDINGS BERHAD ("PRG" OR THE "COMPANY") PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN PRG, REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN PRG (EXCLUDING TREASURY SHARES) ("PRIVATE PLACEMENT")

PRG HOLDINGS BERHAD
TypeAnnouncementSubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISINGDescriptionPRG HOLDINGS BERHAD ("PRG" OR THE "COMPANY") PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN PRG, REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN PRG (EXCLUDING TREASURY SHARES) ("PRIVATE PLACEMENT")

We refer to the announcements made on 3 December 2019, 5 December 2019, 11 December 2019, 14 February 2020, 25 February 2020, 27 February 2020, 5 March 2020, 19 May 2020 and 28 May 2020 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of PRG, TA Securities wishes to announce that Bursa Securities had vide its letter dated 1 June 2020, granted the Company an extension of time until 30 August 2020 to complete the implementation of the Private Placement.

This announcement is dated 2 June 2020.





Announcement Info

Company NamePRG HOLDINGS BERHADStock NamePRGDate Announced02 Jun 2020CategoryGeneral Announcement for PLCReference NumberGA1-02062020-00022

Victor Yong

8,271 posts

Posted by Victor Yong > 2020-06-19 09:29 | Report Abuse

Looking at the buying and sellling of prg shares, MR NG YAN CHENG & MR WANG JING added its stake and shareholders were reducing their stakes, change of major shareholders and board members soon :)



SAM YIN THING 01-Jun-2020 Notice of Person Ceasing 2,000,000 0.000 View Detail
KHO SAU HONG 06-May-2020 Disposed 150,000 0.000 View Detail
KHO SAU HONG 05-May-2020 Disposed 800,000 0.000 View Detail
SAM YIN THING 06-Apr-2020 Disposed 500,000 0.000 View Detail
SAM YIN THING 25-Mar-2020 Notice of Interest 21,000,000 0.000 View Detail
DATO' LUA CHOON HANN 25-Mar-2020 Disposed 1,200,000 0.000 View Detail
PACIFIC VINTAGE SDN BHD 25-Mar-2020 Notice of Person Ceasing 10,087,800 0.000 View Detail
DATO' LUA CHOON HANN 24-Mar-2020 Disposed 2,000,000 0.000 View Detail
MR NG YAN CHENG 23-Mar-2020 Acquired 222,800 0.000 View Detail
MR NG YAN CHENG 23-Mar-2020 Acquired 28,987,000 0.000 View Detail
MR WANG JING 20-Mar-2020 Acquired 2,000,000 0.000 View Detail
DATO' LUA CHOON HANN 20-Mar-2020 Disposed 12,182,000 0.000 View Detail
DATO' LUA CHOON HANN 20-Mar-2020 Disposed 7,000,000 0.000 View Detail
DATO' LUA CHOON HANN 20-Mar-2020 Disposed 4,800,000 0.000 View Detail
DATO' LUA CHOON HANN 20-Mar-2020 Disposed 3,196,000 0.000 View Detail
DATO' LUA CHOON HANN 20-Mar-2020 Disposed 2,473,200 0.000 View Detail
DATO' WEE CHENG KWAN 20-Mar-2020 Notice of Person Ceasing 14,046,000 0.000 View Detail
DATO' LUA CHOON HANN 19-Mar-2020 Disposed 3,754,200 0.000 View Detail
DATO' LUA CHOON HANN 19-Mar-2020 Disposed 2,030,000 0.000 View Detail
DATO' WEE CHENG KWAN 19-Mar-2020 Disposed 3,855,320 0.000 View Detail
DATO' WEE CHENG KWAN 19-Mar-2020 Disposed 2,858,200 0.000 View Detail
DATO' WEE CHENG KWAN 19-Mar-2020 Disposed 2,000,000 0.000 View Detail
DATO' LUA CHOON HANN 18-Mar-2020 Disposed 2,453,200 0.000 View Detail
DATO' WEE CHENG KWAN 18-Mar-2020 Disposed 2,400,000 0.000 View Detail
DATO' WEE CHENG KWAN 18-Mar-2020 Disposed 1,900,000 0.000

Good123

26,612 posts

Posted by Good123 > 2020-06-19 09:31 | Report Abuse

looking at the selling of shares, lua will probably be out of prg soon :)

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