Hopefully by 19th October, the material litigation can be mediated amicably without the court case, then the company management can then concentrate on doing the sand business.....
Company is cash rich with no debt, with additional funds from private placement and Esos, this is good sign that management is ready to do sand export business, I would say it is worth to buy more shares and hold for the bright future...
Many listed companies having hugh debt is asking money through right issue with free warrant to burden the share holders, some even resort to capital reduction like AAX to salvage the business...
Type Announcement Subject MATERIAL LITIGATION Description PASUKHAS GROUP BERHAD ("PASUKHAS" OR "THE COMPANY") - Updates on the Adjudication Proceedings between Pasukhas Sdn Bhd ("PSB") and Empire Multiple Sdn Bhd ("EMSB") Reference is made to the Company's announcements dated 27 April 2018, 21 August 2018, 9 September 2020 and 11 September 2020.
Further to the case management held on 14 October 2020, the Board of Directors of PASUKHAS wishes to announce that the next case management for Civil Appeal No.W-02(C)(A)-405-03/2019 & W-02(C)(A)-406-03/2019 between PSB and EMSB is fixed on 11 November 2020.
The Company will announce further developments on the above matters as and when necessary.
@Frankietan @bizzystock : Yes , I agreed , it will all the way back , just stay back behind and watch the show soon. Those who ask me what stock to buy, I mentioned this and no one bother, so trade smart as news will be up soon. Good to those who is patience holding . will get your rewards soon
MATERIAL LITIGATION PASUKHAS GROUP BERHAD IPOH HIGH COURT SUIT NO. AA-37J-2-06/2020 PASUKHAS SDN BHD (JUDGMENT CREDITOR) & EMPIRE MULTIPLE SDN BHD (JUDGMENT DEBTOR)
suit no. AA-37J-2-06/2020 has been fixed for case management on 5 October 2020.
MATERIAL LITIGATION PASUKHAS GROUP BERHAD - IPOH HIGH COURT SUIT NO. AA-37J-2-06/2020 PASUKHAS SDN BHD (JUDGMENT CREDITOR) & EMPIRE MULTIPLE SDN BHD (JUDGMENT DEBTOR)
Reference is made to the Company's announcement dated 9 September 2020, 21 September 2020, 5 October 2020 and 21 October 2020 respectively.
Further to the case management held on 2 November 2020, the Board of Directors of PASUKHAS wishes to announce that the next Hearing is fixed on 25 February 2021.
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....
oskchoon
3,186 posts
Posted by oskchoon > 2020-10-12 17:36 | Report Abuse
Once it's sand mining business is approved by Malaysia Authorities, it can export river sands to Singapore, Hong-Kong and China...