ANZO HOLDINGS BERHAD (“ANZO” or “the Company”)
ANNOUNCEMENT PURSUANT TO PARAGRAPH 8.03A OF THE MAIN MARKET
LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
1. INTRODUCTION
We refer to the Company’s announcement on 26 September 2019 in relation to its quarterly
report on consolidated results for the financial year ended 31 July 2019, wherein the Company
had yearly revenue of RM6.2 million, the Company has triggered Rule 8.03A (2b) of the LR as the
Company has an insignificant business or operations where revenue on a consolidated basis
represents 5% or less than its share capital based on the latest unaudited financial statements for
the financial year ended 31 July 2019.
Accordingly, the Company is an affected listed issuer (“Affected Listed Issuer”).
Notwithstanding the above, the current timber business of Anzo Group has been established for
over 30 years and remain on going. In this regard, the Board of Directors of Anzo intends to submit
an application to Bursa Securities to seek a waiver from complying with Rule 8.03A (3) of the LR in
due course.
2. OBLIGATIONS UNDER THE MAIN LR
As an Affected Listed Issuer, Anzo is required to comply with the following:
(i) Regularise its condition within twelve (12) months from the date of this announcement in
the following manner:
(a) Submit a regularisation plan to the Securities Commission Malaysia (“SC”) if the
regularisation plan will result in a significant change in the business direction or policy
of the Company; or
(b) Submit a regularisation plan to Bursa Securities if the plan will not result in a
significant change in the business direction or policy of the Company, and to obtain
Bursa Securities’ approval to implement the regularisation plan;
(ii) implement the plan within the timeframe stipulated by the SC or Bursa Securities as the
case may be;
(iii) provide such information as may be prescribed by Bursa Securities from time to time for
public release;
(iv) do such other acts of things as may be required by Bursa Securities;
(v) announce within three (3) months from this announcement, on whether the
regularisation plan will result in a significant change in the business direction or policy;
(vi) announce the status of its regularisation plan and the number of months to the end of the
relevant timeframes on a monthly basis until further notice from Bursa Securities;
(vii) announce its compliance or non-compliance with a particular obligation imposed
pursuant to PN17 on an immediate basis;
(viii) announce the details of the regularisation plan and sufficient information to demonstrate
that the Company is able to comply with all the requirements set out in PN17 after
implementation of the regularisation plan, which the announcement must include a
timeline for the complete implementation of the regularisation plan and be made by the
Company’s Principal Adviser; and
(ix) where the Company fails to regularise its condition, to announce the dates of suspension
and de-listing of its listed securities, immediately upon notification of suspension and de-
listing by Bursa Securities.
3. CONSEQUENCES OF NON-COMPLIANCE
In the event that Anzo fails to comply with any part of its obligations above within the timeframes
permitted by the Exchange, Bursa Securities may:-
(a) suspend the trading of the Company’s listed securities on the 6th market day after the date
of notification of suspension by Bursa Securities; and
(b) de-list the Company subject to the Company’s right to appeal against the delisting within 5
market days from the date of notification of de-listing by Bursa Securities.
4. STATUS OF PLAN TO REGULARISE FINANCIAL CONDITION
The Board of Directors are taking all necessary actions to formulate a regularisation plan to
address its Affected Listed Corporation status and will make the necessary announcement on the
regularisation plan in due course in accordance with the requirements of the Main LR of Bursa
Securities.
This announcement is dated 11 October 2019.
ANZO HOLDINGS BERHAD TypeAnnouncementSubjectPARAGRAPH/RULE 8.03A COMPANIES MONTHLY ANNOUNCEMENTDescriptionANZO HOLDINGS BERHAD ("ANZO" or "THE COMPANY") MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARISE THE FINANCIAL CONDITION OF THE COMPANY PURSUANT TO PARAGRAPH 8.03A OF THE BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTS ("MMLR")
We refer to our first announcement dated 11 October 2019 and subsequent anouncements dated 25 October 2019, 1 November 2019, 2 December 2019, 2 January 2020, 6 January 2020, 3 February 2020, 2 March 2020,1 April 2020, 2 April 2020, 4 May 2020, 1 June 2020 and 1 July 2020.
In compliance with the Company's obligations under the MMLR, the Board of Directors of Anzo wishes to inform that there is no material development on the status as previously announced.
The Company has approximately 14 months to submit its regularization plan to the relevant authorities for approval and will make further announcements in relation to any latest development in accordance with the requirements under Paragraph 8.03A of the Listing Requirements.
This announcement is dated 3 August 2020.
Announcement Info
Company NameANZO HOLDINGS BERHADStock NameANZODate Announced03 Aug 2020CategoryGeneral Announcement for PLCReference NumberGA1-28072020-00035
Date of changeSharesDirector/ Substantial Shareholder08 Jul 2020Disposed 52,200,000Cstme Resources Sdn Bhd08 Jul 2020Disposed 52,200,000Miss Chu Boon Lin08 Jul 2020Disposed 52,200,000Mr Albert Tan Yean Heong08 Jul 2020Disposed 52,200,000Mr Kevin Tan Yean Khim07 Jul 2020Disposed 22,000,000Mr Albert Tan Yean Heong07 Jul 2020Disposed 40,920,000Mr Albert Tan Yean Heong07 Jul 2020Disposed 22,000,000Miss Chu Boon Lin07 Jul 2020Disposed 40,920,000Miss Chu Boon Lin07 Jul 2020Disposed 22,000,000Mr Kevin Tan Yean Khim07 Jul 2020Disposed 40,920,000Mr Kevin Tan Yean Khim
What is the difference between investing and speculation?
Benjamin Graham addressed the differences between them on the very first page of his book, The Intelligent Investor.
Graham wrote, "An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return."
Based on this definition, there are three components to investing:
thorough analysis,
safety of principal, and
adequate return.
Graham added, "Operations not meeting these requirements are speculative."
To this, we can add:
(1) Any contemplated holding period shorter than a normal business cycle (typically 3 to 5 years) is speculation, and
(2) any purchase based on anticipated market movements or forecasting is also speculation.
Value investing meets Graham's definition of investing, addressing on: its focus on individual company analysis to determine intrinsic value, the margin of safety concept, and its success over the long term.
The distinction between investing and speculation is important for a reason Graham cited in 1949 and remains true today: "... in the easy language of Wall Street, everyone who buys or sells a security has become n investor regardless of what he buys, or for what purpose, or at what price...."
The financial media often refers to "investors" taking profits, bargain hunting, or driving prices higher or lower on a particular day. However, these actions are rightly attributed to speculators, not investors.
Investors and speculators approach their tasks differently.
Investors want to know what a business is worth and imagine themselves as owning the business as a whole. Unlike speculators, investors maintain a long-term perspective—at least 3 to 5 years. They look at a company from the perspective of owners. This means they’re interested in factors such as corporate governance, structure, and succession issues that may affect a company’s future and its ability to create wealth for years to come. Investors may use their voting rights to assist in enhancing company value over the long term.
Speculators, on the other hand, are less interested in what a business is actually worth and more concerned with what a third party will pay to own shares on a given day. They may be concerned only with short-term changes in a stock’s price, not in the underlying value of the company itself.
The problem with speculation is simple:
Who can predict what a third party will pay for your shares today, tomorrow, or any day?
Stock market prices typically swing between extremes, stoked by the irrational emotions of fear and greed.
Focus on the long term business value
Such dramatic price fluctuation on a day-to-day basis can test long-term investors’ mettle in maintaining their focus on business value.
Remember, the tendency is for business values day-to-day to remain relatively stable.
Day-to-day price changes should hold little interest for the long-term investor, unless a price has fallen to the “buying level” that represents a sizable margin of safety.
But that’s often difficult to remember when newspaper headlines, TV news anchors, friends, and coworkers are lamenting or lauding the market’s most recent lurch forward or back.
The financial media often refers to "investors" taking profits, bargain hunting, or driving prices higher or lower on a particular day. However, these actions are rightly attributed to speculators, not investors.
According to Anzo's chart , Anzo has recovered fully from the gap down on Aug 3rd 2020 and possibly setting up a strong base to embark on a second wave uptrend next week .
KUALA LUMPUR (Aug 7): Frenzied trading interest in penny stocks has driven Bursa Malaysia's trading volume to 26.65 billion units — the highest ever level on the stock exchange. Indeed, this is the fourth record-breaking volume this week.
The volume of 26.65 billion today is double of 13.13 billion recorded on Monday. The daily volume has been above 13 billion each trading day, an evidence of robust trading activities among the retail investors as well as the proprietary day traders.
Assuming Anzo can make RM 20 million net profit per year from copper business (not including construction , timber door etc) , Anzo 's earning per share would be RM 0.02320 , With a PE15 , Anzo's share would be valued intrinsically at RM 0.348. At RM0.145 , Anzo's share is undervalue and provide more than 50% margin of safety .
kena delist kah jika takda ok nanti? :)PARAGRAPH/RULE 8.03A COMPANIES : MONTHLY ANNOUNCEMENT
ANZO HOLDINGS BERHAD TypeAnnouncementSubjectPARAGRAPH/RULE 8.03A COMPANIES MONTHLY ANNOUNCEMENTDescriptionANZO HOLDINGS BERHAD ("ANZO" or "THE COMPANY") MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARISE THE FINANCIAL CONDITION OF THE COMPANY PURSUANT TO PARAGRAPH 8.03A OF THE BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTS ("MMLR")
We refer to our first announcement dated 11 October 2019 and subsequent anouncements dated 25 October 2019, 1 November 2019, 2 December 2019, 2 January 2020, 6 January 2020, 3 February 2020, 2 March 2020,1 April 2020, 2 April 2020, 4 May 2020, 1 June 2020 and 1 July 2020.
In compliance with the Company's obligations under the MMLR, the Board of Directors of Anzo wishes to inform that there is no material development on the status as previously announced.
The Company has approximately 14 months to submit its regularization plan to the relevant authorities for approval and will make further announcements in relation to any latest development in accordance with the requirements under Paragraph 8.03A of the Listing Requirements.
This announcement is dated 3 August 2020.
Announcement Info
Company NameANZO HOLDINGS BERHADStock NameANZODate Announced03 Aug 2020CategoryGeneral Announcement for PLCReference NumberGA1-28072020-00035
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
Good123
26,432 posts
Posted by Good123 > 2020-08-07 13:35 | Report Abuse
bapak chai, pemegang syer permaju Yang terbesar , bukan?