MEMORANDUM OF UNDERSTANDING PASUKHAS GROUP BERHAD ("PASUKHAS" or "THE COMPANY") MEMORANDUM OF UNDERSTANDING BETWEEN PASUKHAS, PORTO THREE SIXTY SDN BHD AND PERBADANAN KETUA MENTERI MELAKA FOR WASTE-TO-ENERGY PUBLIC-PRIVATE PARTNERSHIP AT SUNGAI UDANG, MELAKA PASUKHAS GROUP BERHAD
Type Announcement Subject MEMORANDUM OF UNDERSTANDING Description PASUKHAS GROUP BERHAD ("PASUKHAS" or "THE COMPANY") MEMORANDUM OF UNDERSTANDING BETWEEN PASUKHAS, PORTO THREE SIXTY SDN BHD AND PERBADANAN KETUA MENTERI MELAKA FOR WASTE-TO-ENERGY PUBLIC-PRIVATE PARTNERSHIP AT SUNGAI UDANG, MELAKA The Board of Directors of Pasukhas is pleased to announce that the Company had on 8 September 2021 entered into a Memorandum of Understanding (“MOU”) with Porto Three Sixty Sdn. Bhd. [Registration No. 201401020834)] (“Porto Three Sixty”) and Perbadanan Ketua Menteri Melaka (“CMI”) for the purpose of recording the mutual understanding and current intent in setting up the consortium for the sole purpose of jointly participating in the bidding process for the Public-Private Partnership (“PPP”) Project for construction and operation of waste treatment plant waste to energy at Sungai Udang, Melaka (“the Project”).
Please refer to the attachment for further details.
Type : ANNOUNCEMENT Subject : MEMORANDUM OF UNDERSTANDING Description : PASUKHAS GROUP BERHAD (“PASUKHAS” or “THE COMPANY”) MEMORANDUM OF UNDERSTANDING BETWEEN PASUKHAS, PORTO THREE SIXTY SDN BHD AND PERBADANAN KETUA MENTERI MELAKA FOR WASTE‐ TO‐ENERGY PUBLIC‐PRIVATE PARTNERSHIP AT SUNGAI UDANG, MELAKA 1. INTRODUCTION The Board of Directors of Pasukhas is pleased to announce that the Company had on 8 September 2021 entered into a Memorandum of Understanding (“MOU”) with Porto Three Sixty Sdn. Bhd. [Registration No. 201401020834)] (“Porto Three Sixty”) and Perbadanan Ketua Menteri Melaka (“CMI”) for the purpose of recording the mutual understanding and current intent in setting up the consortium for the sole purpose of jointly participating in the bidding process for the Public‐Private Partnership (“PPP”) Project for construction and operation of waste treatment plant waste to energy at Sungai Udang, Melaka (“the Project”). (CMI shall hereinafter referred to as the “First Party”. Pasukhas and Porto Three Sixty shall hereinafter be collectively referred to as the “Second Party”.) (CMI, Pasukhas and Porto Three Sixty shall hereinafter be collectively referred to as the “Parties” and individually as the “Party”.) 2. INFORMATION ON THE PARTIES 2.1 INFORMATION ON CMI CMI is a corporate body established under the Chief Minister of Malacca (Incorproation) Enactment 1993 and having its principal address for business at Ground Floor, MITC Tower, Jalan Konvensyen, MITC Complex, 75450 Ayer Keroh, Melaka. 2.2 INFORMATION ON PORTO THREE SIXTY Porto Three Sixty is a Company incorporated under the Companies Act, 1965 and having its registered office at No. 36‐2, Tingkat 2, Plaza Ushawan, Jalan Danau Niaga 1, Taman Danau Niaga Kota, Setapak, Kuala Lumpur. 3. SALIENT TERMS OF THE MOU The salient terms of the MOU are, as set out below: 3.1 ROLE OF THE PARTIES The Second Party shall be the Lead member of the consortium in conducting all business for and on behalf of the consortium during the bidding process and until the signing of the Concession Agreement. Such Party shall also be the (EPC Contractor, Technology Provider, Operator, Funder, Other) Member of the consortium. 3.2 JOINT AND SEVERAL LIABLITY
The Second Party shall undertake to The Malaysian Government (“GoM”) to comply with all obligations and liabilities relating to the Project and in accordance with the terms of Request for Proposal dated 25 March 2021 and the Concession Agreement. 3.3 SHAREHOLDING IN THE CONCESSION COMPANY
In the event of successful award of the Project, the Parties shall execute a definitive Consortium Agreement with terms and conditions to be mutually agreed by all Parties. The Parties agreed that the propotion of the shareholding among the Parties in the consortium shall be as follows: First Party: 20% Second Party: 80% The Parties agreed that the initial investment of the Concession Company shall be Ringgit Malaysia Five Hundred Thousand (RM500,000.00) only. The Second Party shall pay for the 20% stakes of the First Party in the sum of Ringgit Malaysia One Hundred Thousand ( RM100,000.00) as the first injection of capital into the Concession Company. 3.4 TERMINATION
The MOU shall be effective from the date hereof and shall continue to be in full force and effect until as below, whichever is earliest: (a) where the consortium is selected for the award of the Project, and a Definite Consortium Agreement is executed between the Parties prior to the execution of the Concesssion Agreement; or (b) where the consortium does not get selected for award of the Project, upon return of the Bid Security by the GoM to the Bidder; or (c) One (1) year from the date of the MOU. 4. RATIONALE The execution of the MOU would allow the Company to participate in the bidding process for the Public‐Private Partnership Project for construction and operation of waste treatment plant waste to energy at Sungai Udang, Melaka. 5. RISK FACTORS The Board is not aware of any risk factors arising from the MOU as the MOU is not legally binding until the execution of a Definite Consortium Agreement to formalise the terms and conditions between the Parties. 6. FINANCIAL EFFECT The Board is of the view that, the MOU will not have any effect on the issued share capital of the Company and is not expected to have any material effect on the net asset, gearing and earnings of the Company for the financial year ending 31 December 2022. 7. DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTEREST None of the directors, major shareholder and/or persons connected to them has any interest, direct or indirect in the MOU. 8. APPROVAL REQUIRED The MOU is not subject to the approval of the shareholders of the Company or any relevant authorities.
9. STATEMENT OF THE DIRECTORS The Board, having considered the rationale, prospects and all other relevant aspects of the MOU, is of the opinion that the MOU is in the best interest of the Company. This announcement is dated 9 September 2021.
terindah.... minggu depan barangkali terbang kuat macam ni
Who think the price will rebound soon, than you can continue buy , no right or wrong because is your money, people comment here positive or negative doesnt matter, jus depend on you want stand which side only.
When i stand on 100th floor look at outside and tell the ground floor good123 , there have a monster coming, good123 which stand on ground floor, say dun cheating me, i cant see the monster, so no monster, when we stand on diff level, there is diff view.
Since the Budget 2022 announcement on 1 November, practically all the listed stocks have been dropping because the tax increase. The prosperity tax increases from 24% to 33% for profit exceeding Rm 100 million. That means almost all the larger cap companies will report reduced profit next year. All investors especially institutional and foreign investors started to sell when they saw the Budget 2022 announcement. The slump of the big cap stocks is dragging down small cap stocks even though they are not affected by the additional prosperity tax.
As a result, all the investors who used margin finance to buy more shares are forced to sell some of their holdings to meet margin calls. The more they are forced to sell, the more the share prices would drop. Forced sell is a vicious cycle.
Only Investment Banks can stop forced selling
Currently the banks will pressure the borrowers to sell when the margin exceeds 50%. If forced sell continues, many of the borrowers will go bankrupt and the Banks will also lose. Only the banks can stop the forced selling if they are willing to take on addition risk. If the bank only force sell when the margin exceeds 60% instead of 50%. The Chinese has a saying
The price drop to this level and no body want to buy, than trader may further press down the price to gain money from who has been bought the share at high price.
sozhai grandma Good123 is the worst promoter, she choose those items and counters the liars are attacking, to add oil into fire for share price to drop further. I really don't know what she wants.
The Company said Private Placement is going to split into a few batches, sometimes, it can spread for a few years. Pasukas cleverly taking the advantage due to Pandemi given by Bursa, to acquire future funds for its anticipated future projects.
It is a wrong concept that the Company want price to fall to issue low PP. If you are the seller of any product, you want the price to go up so that you can sell higher and make more money, or you purposely press down price to sell low? This is just common sense.
IF BN WINS THE MELAKA ELECTION, DOUBLE OR TRIPLE IN PRICE IS EXPECTED... FINGERS CROSSED
Pasukhas explores new revenue source in waste-to-energy ... https://focusmalaysia.my/pasukhas-explores-new... 10/09/2021 · Pasukhas explores new revenue source in waste-to-energy project. TRANSFROMATION of waste-to-energy can be a sustainable income generator for civil, mechanical and electrical servicing outfit Pasukhas Group Bhd if its bid for a waste treatment plant project in Melaka is fruitful. Yesterday (Sept 9), Pasukhas signed a memorandum of understanding ...
Pasukhas to set up consortium with Porto Three sixty ... https://www.nst.com.my/business/2021/09/725896/... 09/09/2021 · Pasukhas to set up consortium with Porto Three sixty, Perbadanan Ketua Menteri Melaka. By Bernama - September 9, 2021 @ 5:26am. Pasukhas Group Bhd has entered into a memorandum of understanding (MoU) with Porto Three Sixty Sdn Bhd and Perbadanan Ketua Menteri Melaka (CMI) to set up a consortium.
WARRANT 1 SEN , PERLU BAYAR 10SEN UNTUK MENUKAR WARRANT KEPADA SYER BIASA. HARGA SYER BIASA 4SEN.. BELI SYER BIASA BOLEH JIMAT 7SEN... BELILAH SYER BIASA JIKA YAKIN TENTANG PASUKHAS.
PREMIUM WARRANT 175% MENUNJUKKAN KEYAKINAN PEMEGANG WARRANT TERHADAP PASUKHAS
Type CALL Issued on 2021-07-15 Maturity 2024-07-14 Strike value 0.1000 Ratio 1:1 Gearing 4.00 Premium 0.070 Premium % 175.00 Share Price 0.040 Issuer PASUKHAS GROUP BERHAD
PASUKHAS GROUP BERHAD Registration No.: 200501009342 (686389-A) UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SECOND (2ND) QUARTER ENDED 30TH JUNE 2021 CURRENT YEAR PRECEDING YEAR CURRENT YEAR PRECEDING YEAR QUARTER CORRESPONDING (AMOUNT TO DATE CORRESPONDING (AMOUNT QUARTER RM'000 PERIOD RM'000 30 Jun 2021 30 Jun 2020 30 Jun 2021 30 Jun 2020 RM'000 RM'000 RM'000 RM'000
Revenue 22,131 2,231 19,900 / 892% 42,106 3,629 38,477 / 1060% Contract Expenses (19,871) (1,576) (37,750) (3,010) Gross Profit 2,260 655 1,605 / 245% 4,356 619 3,737 / 604% Other Operating Income 34 227 404 353 2,294 882 4,760 972 Administrative Expenses (1,628) (1,711) (3,420) (3,635) Other Expenses (306) (417) (610) (835) Finance Costs (266) (566) (549) (1,193) Net Impairment Losses on Financial Assets and Contract Assets - - - - Profit / (Loss) Before Taxation 94 (1,812) 1,906 / 105% 181 (4,691) 4,872 / 104% Income Tax Expense 13 13 27 27 Profit / (Loss) After Taxation 107 (1,799) 1,906 / 106% 208 (4,664) 4,872 / 104% Other Comprehensive Income - - - - Total Comprehensive Income / (Expenses) For The Financial Period 107 (1,799) 208 (4,664) Profit / (Loss) After Taxation Attributable To :- Owners of the Company 186 (1,663) 1,849 / 111% 437 (4,111) 4,548 / 111% Non-controlling interests (79) (136) (229) (553) 107 (1,799) 208 (4,664) Total Comprehensive Income / (Expenses) Attributable To :- Owner of the Company 186 (1,663) 1,849 / 111% 437 (4,111) 4,548 / 111% Non-Controlling Interests (79) (136) (229) (553) 107 (1,799) 208 (4,664) Earning/(Loss) per share attributable to the equity holders of the Company (sen) 0.12 (0.20) 0.29 (0.50) Notes:- / %) / %) The unaudited Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the audited financial statements of the Pasukhas Group Berhad and its subsidiaries ("Group") for the financial year ended 31 December 2020 and the accompanying explanatory notes attached to this interim financial statements.
Pasukhas wins RM46m contract from Fintec Global to develop ...https://www.theedgemarkets.com › article › pasukhas-w... 28 Jun 2021 — KUALA LUMPUR (June 28): Pasukhas Group Bhd has secured a RM46.2 million deal to develop Fintec Global Bhd's medical grade nitrile glove .. ########################################################### Former Umno treasurer and former Bank Simpanan Nasional Bhd chairman Datuk Abdul Azim Mohd Zabidi surfaces as a director in Fintec Global
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....
i3investigator
4 posts
Posted by i3investigator > 2021-11-18 17:04 | Report Abuse
BILLC, good123 is helping you to get lower price, why complain again? I am waiting to get WA at 1C.