0177 PASUKGB PASUKHAS GROUP BERHAD Change in Boardroom Date of Change: 29/11/2023 Type of Change: Retirement Designation: Executive Director Directorate: Exec Name: WAN THEAN HOE Age: 54 Country: Nationality: Malaysia Qualifications: Working Experience and Occupation: Directorship of public companies (if any): Family relationship with any director and/or major shareholder of the listed issuer: Details of any interest in the securities of the listed issuer or its subsidiaries: 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:
pasukhas dah 2 kali share consolidation.... kini total shares ~190 juta .... tak berbilion lagi...
~14sen... tak dibawah 10sen.... i rasa pengarah2 tak berani mau menipu yayasan atm, tunggu update on its project in KL....
lain2 penny stocks dibawah 10sen dan syer berjumlah berbilion-bilion, sukar mau terbang.... semoga geng tangan ghaib serius dengan pasukhas... hahaha Market Cap
Pasukhas is one of hidden hand gang rare stocks with low shares issued ~190mil shares and still above 10sen (nta 81sen) with a big govt project , etc ;)
:) Ann. Date Ex Date Type Amount 03-Apr-2023 17-Apr-2023 CONSOLIDATION 1.0000 : 10.0000 04-Jun-2021 18-Jun-2021 RIGHTS_ISSUE 6.0000 : 1.0000 25-May-2021 09-Jun-2021 CONSOLIDATION 1.0000 : 10.0000
0177 PASUKGB PASUKHAS GROUP BERHAD Change of Company Secretary Date of Change: 05/01/2024 Type of Change: Appointment Designation: Others Name: ADELINE TANG KOON LING Country: Nationality: Working Experience: null 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:
right issue is on the way... tak cukup cash untuk projek yayasan atm, duit dah diselewengkan untuk syer2 penny related parties... iya, prepare duit untuk right issue ,bang
right issue on the way, cash depleted to ~RM8mil left only.. hahaha fork out money, iya
PASUKHAS GROUP BERHAD Registration No.: 200501009342 (686389-A) FOR THE FIRST (1ST) QUARTER ENDED 30 SEPTEMBER 2023 UNAUDITED AUDITED CURRENT PERIOD PRECEDING PERIOD TO DATE TO DATE 30 Sep 2023 30 June 2023 RM'000 RM'000 CASH FLOWS FOR OPERATING ACTIVITIES Profit/(Loss) before taxation 2,148 (21,503) Adjustments for:- Amortisation of transaction costs capitalised 25 153 Depreciation of plant and equipment 602 3,830 Depreciation of investment properties 75 300 Depreciation of right-of-use assets 128 660 Gain on disposal of plant and equipment - (112) (Gain)/Loss on disposal of other investment (231) 181 Gain on modication of lease terms - (8) Share options to employees - 1,513 Impairment loss on trade receivables and contract assets - 1,731 Interest expense 240 1,873 Interest income (9) (418) Fair value (gain)/loss on investment in quoted shares (2,864) 12,786 Unrealised gain on foreign exchange (3) (11) Operating profit before working capital changes 111 975 Increase in inventories (5) (740) Net decrease/(increase) in contract 7,794 (22,104) Increase in trade and other receivables (3,816) (8,044) Decrease in trade and other payables (2,800) (9,350) CASH FLOWS FROM/(FOR) OPERATING ACTIVITIES 1,284 (39,263) Interest paid (240) (1,873) Income tax refunded 28 523 NET CASH FROM/(FOR) OPERATING ACTIVITIES 1,072 (40,613) CASH FLOWS FOR INVESTING ACTIVITIES Interest received 9 418 Purchase of Investment property - (7,750) Purchase of right of use assets - (57) Purchase of plant and equipment (13) (1,033) Additional investment in an existing subsidiary - (830) Proceeds from disposal of plant and equipment - 1,548 Proceeds from disposal of other properties - 585 Purchase of other investments (3,441) (19,024) NET CASH FOR INVESTING ACTIVITIES (3,445) (26,143) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from exercise of employees’ share options - 9,806 Repayment of lease liabilities (111) (585) Net repayment of Islamic medium term notes - (2,900) NET CASH (FOR)/FROM FINANCING ACTIVITIES (111) 6,321 NET DECREASE IN CASH AND CASH EQUIVALENTS (2,484) (60,435) EFFECTS OF FOREIGN EXCHANGE TRANSLATION 3 9 CASH AND CASH EQUIVALENTS AT BEGINNING OF THE FINANCIAL PERIOD 10,973 71,399 CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL PERIOD 8,492 10,973
Pasukhas Group Berhad is a company that claims to provide mechanical, electrical, civil engineering, and energy services in Malaysia and abroad. However, there are many negative aspects of this company that make it a poor choice for investors, customers, and employees. Some of these are:
- It has a poor financial performance and a high debt level. It reported a net loss of **RM 9.8 million** for the financial year ended 31 December 2020, compared to a net profit of RM 2.4 million in 2019¹. Its total borrowings amounted to **RM 51.6 million**, which exceeded its total equity of RM 48.4 million¹. - It has a weak corporate governance and a lack of transparency. It has been involved in several legal disputes and regulatory issues, such as a lawsuit by a former director for breach of contract², a query by Bursa Malaysia for unusual market activity³, and a reprimand by the Securities Commission for failing to submit its annual report on time⁴. - It has a low competitive advantage and a lack of innovation. It faces intense competition from other established players in the industry, such as Gamuda Berhad, IJM Corporation Berhad, and YTL Corporation Berhad. It has not demonstrated any significant innovation or differentiation in its products and services, which are largely dependent on the cyclical demand of the construction and energy sectors. - It has a poor reputation and a low customer satisfaction. It has received numerous complaints and negative feedback from its customers and stakeholders, such as delays in project completion, poor quality of workmanship, and breach of contract . It has also been accused of engaging in unethical practices, such as bribery, corruption, and tax evasion .
Pasukhas Group Berhad is a company that has a long history, but a bleak future. It is a company that has failed to deliver on its promises and expectations. It is a company that should be avoided by anyone who values their money, time, and reputation. 😡
TERIMA KASIH BRO KERANA SANGGUP MENYEDARKAN MEREKA YANG BODOH & NAIF HEHE
@whistlebower99
FOR NEWBIES
VIZIONE is the latest high NOSH low price penny stock proposing to do shares consolidation !!! This announcement is dated 6 March 2024.
=================== Be careful if holding high NOSH low price penny stocks for long term
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses from share consolidation
It is learnt that the raids were conducted around the Tropicana area in Petaling Jaya.
PETALING JAYA: The Securities Commission (SC) is believed to have raided premises of listed companies for suspected abuse of fund-raising activities.
According to well-placed sources, the regulator kicked off the investigations following complaints and tip-offs from the public on alleged fraud, as well as potential false or misleading disclosure by several public-listed companies in their fund-raising exercises, including private placements, employees share option schemes and rights issues.
It is learnt that the raids were conducted around the Tropicana area in Petaling Jaya.
A number of listed companies had taken advantage of relaxed fund-raising rules that were loosened during the Covid-19 crisis. The rules were changed to allow companies to sell up to 20% of their issued share capital via private placements until Dec 31, 2021, compared with 10% previously.
In addition, companies were permitted to issue up to 30% of their existing share capital in a share placement if the shareholders approve the exercise at an EGM.
Naturally, the relaxed ruling attracted numerous small-cap companies to raise fresh cash for working capital and future investments or for new business ventures such as rubber glove manufacturing or distribution of vaccines and Covid-19 test kits.
According to the SC, fresh capital raised from secondary issuance, such as share placements and rights issues, rose 76% year-on-year (y-o-y) to RM8bil in 2020 and another 78.8% y-o-y jump to RM14.3bil in 2021.
Late last year, Bursa Malaysia proposed amendments to the Main Market and ACE Market Listing Requirements to, among others, boost the transparency on fund-raising exercises involving new securities issuance.
The exchange issued a consultation paper seeking public feedback on these proposed amendments.
Interested parties were invited to submit their comments and feedback by Jan 26, 2024.
Among the key proposed amendments include enhanced disclosures in relation to placement exercises, enhancing the employee share scheme framework by subjecting a share grant scheme to the same restriction on the total number of shares issued under a share issuance scheme.
These amendments were proposed probably to tighten the screw on public-listed companies’ fund-raising exercise rules, which were relaxed to help ease cash constraints caused by the Covid-19 pandemic in 2020.
pERANGKAP YG LUMRAH: right issues, share split, esos kpd pengarah2, private placement at depressed prices, last last consol to make the final killing hehe... dulu bekas pm (muhyiddin & sabri), kini pm anwar... berani manipulasi syer lagi ATAUPUN PAKAI TAKTIK YG SAMA? good friday yah! hehe
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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
26,522 posts
Posted by Good123 > 2024-01-23 15:03 | Report Abuse
Historical p/b value=0.5, nta 81sen, share price should be ~41sen but hidden hand gang has destroyed confidence among investors