Press Release
Pasukhas to export river sand to China and Hong Kong
Alternative headings: Pasukhas venturing into river sand for export
Pasukhas supplying river sand to China and Hong Kong
Kuala Lumpur, 22 September 2020: Pasukhas Group Berhad (“Pasukhas”, Stock Code: 0177) has
inked a Partnership Agreement (“Agreement”) via its wholly-owned subsidiary, Pasukhas
Products Sdn Bhd with BB Energy Sdn Bhd (“BB Energy”) to extract, dredge, sales and distribution
of river sand for export market, vis-à-vis the Agreement between BB Energy Sdn Bhd and
Pengurusan Pasir Pahang Berhad (“PPPB”).
According to the Agreement, BB Energy, the Concession License Holder has been approved and
granted a Concenssion/Temporary Occupational License (“TOL”) at Sungai Miang, Mukim Pekan,
Pahang Darul Makmur (the “Approved Site”) by PPPB to extract, dredge, sales and distribution of
river sand for export pursuant to the Letter of Award from the PPPB dated 10 June 2020. BB
Energy hereby appoints and grants to Pasukhas an exclusive rights to access, extract, dredge,
sales and distribution of river sand for export.
The contractual term is for 12 months and with option extending for a further 12 months
duration, with monthly production of at least 200,000 cubic meter (m3). Polo Specialist Trading
Sdn Bhd (the “AP Holder”) will be the Authorised Approved Permit (AP) via Pengurusan Pasir
Pahang Berhad (PPPB) for export of river sand under the terms of this Agreement.
Mr Mak Siew Wai, the Executive Director of Pasukhassaid, the Company expectsthe sand mining
operation to begin in March 2021 due to the Government’s Recovery Movement Control Order
(RMCO) still in effect until 31 December 2020, as well as the start of the monsoon season on the
East Coast each year from November to February. The Company expected to supply a minimal of
2.5 million cubic meters (m3) of river sand per year to potential buyers from China and Hong
Kong to be identified later.
Mr Mak added, “River sand is a widely used construction material and currently in high demand
due to the rapid pace of construction and reclamation works in China and Hong Kong. This
development represents a significant milestone in Pasukhas’s plan to potentially forge another
revenue stream for the Group, to fuel growth and expansion going forward,”
“Appropriate sand mining operations would help to deepen the riverbed and reduce flood in
Pekan, Pahang Darul Makmur, usually caused by high tide and monsoon. Under the Agreement,
PPPB have impose strict control not to have excessive mining which may cast adverse impact to
the environment as well as the livelihood of the resident affected by the sand mining activities
with Corporate Social Responsibility (CSR) and Rehabilitation Fund,” Mr Mak concluded.
private placement at 10sen sell like hot cake :) Additional Listing Announcement /Subdivision of Shares Amended Announcements Please refer to the earlier announcement reference number: ALA-17092020-00011
PASUKHAS GROUP BERHAD
1. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal Private Placement Details of corporate proposal PRIVATE PLACEMENT OF UP TO TEN PER CENTUM (10%) OF THE TOTAL NUMBER OF ISSUED SHARES OF PASUKHAS GROUP BERHAD No. of shares issued under this corporate proposal 81,441,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.1003 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 895,857,732 Issued Share Capital ($$) Malaysian Ringgit (MYR) 98,090,715.780 Listing Date 18 Sep 2020
this hongkong company should have unlimited bullets to sapu more shares from the open market. Notice of Interest Sub. S-hldr (Section 137 of CA 2016) PASUKHAS GROUP BERHAD Particulars of Substantial Securities Holder Name ACE SOLUTION INVESTMENTS LTD Address Flat B 29/F, Phase 2, 56 Conduit Road, Mid-Level, Hong Kong. Company No. 1678746 Nationality/Country of incorporation Virgin Islands, British Descriptions (Class) Ordinary Shares Name of registered holder ACE SOLUTION INVESTMENTS LTD Address of registered holder Flat B 29/F, Phase 2, 56 Conduit Road, Mid-Level, Hong Kong Date interest acquired
projek seterusnya, konsesi perlombongan pasir sungai Di Kelantan, Trengganu Dan Kedah un tuk mencegah banjir, projek hidro elektrik Di Indonesia ataupun projek perumahan Di malaysia?
saudee from few cents to 40sen after mak joined. hopefully the same happened to pasukhas.Change in Boardroom SAUDEE GROUP BERHAD
Date of change 11 Aug 2020 Name MR MAK SIEW WEI Age 45 Gender Male Nationality Malaysia Designation Executive Director Directorate Executive Type of change Appointment Qualifications No Qualifications Major/Field of Study Institute/University Additional Information 1 Degree Management Information System United States
Working experience and occupation Mr Mak started his career as Business Development Manager for Marvic International (NY) Ltd in New York for 3 years. He currently sits on the Board of Advance Information Marketing Berhad, AT Systematization Berhad and Green Ocean Corporation Berhad as an Executive Director. Directorships in public companies and listed issuers (if any) 1. Advance Information Marketing Berhad 2. AT Systematization Berhad 3.Green Ocean Corporation Berhad Family relationship with any director and/or major shareholder of the listed issuer Nil Any conflict of interests that he/she has with the listed issuer Nil Details of any interest in the securities of the listed issuer or its subsidiaries Nil
Announcement Info Company Name SAUDEE GROUP BERHAD Stock Name SAUDEE Date Announced 11 Aug 2020 Category Change in Boardroom Reference Number C03-11082020-00009
KUALA LUMPUR: The FBM KLCI extended its gains as Chinese factory data offered the domestic market rebound some momentum going into the lunch break.
China's Caixin manufacturing Purchasing Manager's Index rose to 51.5 in September from 51.0 in August, beating analyst expectation of a milder increase, and lending hope of an economic recovery.
Pasukhas Group Berhad (“PGB”) is a public company limited by shares and is incorporated under the
Companies Act in Malaysia. PGB is listed in the ACE Market of the Bursa Malaysia Securities Berhad and
is principally engaged in the business of investment holding and the provision of management services. Its
subsidiaries are engaged in the Mechanical
2. UTILISATION OF PROCEEDS
The proceeds raised from the issuance of the ASEAN Green SRI Sukuk shall be used by the Issuer solely
for Shariah-compliant purposes as follows:
(a) to fund the acquisitions of Eligible SRI Projects by the Issuer and its subsidiary companies (the
“Issuer Group”) which may include an acquisition of a company under which the Eligible SRI
Project is being held;
(b) to fund the capital expenditure* which includes the construction of Eligible SRI Projects by the
Issuer Group;
(c) to pre-fund the relevant designated accounts under the Al-Kafalah Facility (as defined below) of
the relevant tranche of the ASEAN Green SRI Sukuk, as may be required;
(d) to repay/refinance the ASEAN Green SRI Sukuk of the Issuer Group;
(e) to finance the Issuer Group’s Shariah-compliant working capital; and/or
(f) to pay fees, expenses, costs, and all other amounts payable in relation to the ASEAN Green SRI
Sukuk Programme and the Al-Kafalah Facility of the relevant tranche of the ASEAN Green SRI
Sukuk.
For the avoidance of doubt, (i) the utilisation of the proceeds of the ASEAN Green SRI Sukuk shall at all
times be for Shariah-compliant purposes and (ii) each of the entities within the Issuer Group, if any, is
intended to hold a specific Eligible SRI Project which would require working capital for its operations etc.,
and the funding of the acquisition of such entities would also form part of the purposes of funding Eligible
SRI Projects.
The ASEAN Green SRI Sukuk proceeds which are to be channeled to the Issuer’s subsidiaries will be
made via Shariah-compliant mode of financing.
* Part of the ASEAN Green SRI Sukuk proceeds from the first tranche shall be utilised towards the
refinancing of a facility obtained for the construction of the Sungai Rek Hydro Power Plant.
“Eligible SRI Projects” means any project and/or asset deemed as:
(i) an Eligible SRI Project in all the sectors pursuant to paragraphs 7.04(a) and 7.04(b) of Chapter 7 of
Part 3 of Section B of the Guidelines on Unlisted Capital Market Products under the Lodge and Launch
Framework issued by the Securities Commission Malaysia on 9 March 2015 (effective on 15 June
2015) and revised on 11 October 2018 (as amended from time to time); and
(ii) an eligible Green Project i.e. the broad categories of potential eligible projects as listed in the ASEAN
Green Bond Standards.
“Al-Kafalah Facility” means an Islamic guarantee facility of up to the guaranteed amount to be agreed
between the Issuer and the Kafalah provider(s) for the ASEAN Green SRI Sukuk based on the Shariah
principle of Al-Kafalah.
3. PROCESS FOR PROJECT EVALUATION
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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
26,444 posts
Posted by Good123 > 2020-09-29 16:09 | Report Abuse
traded fast 30mil shares