Management will do it according to the law and procedures... But, their integrity which is in doubt is refering to management efficiency and management accountability to the company's minority shareholders... TAYOR
They have the power in the board and also have the power in sort of voting power in AGM or EGM.... All of their decisions and tai chi acts will be legalised!!!!!
If we have any concrete evidences, we can report those illegal acts....
Actually, insiders or any person with insiders information can have details of any illegal acts done by company's management... We minority shareholder have limited information. It's only from what we get from the announcements by the company....
I. PROPOSED VARIATION; AND II. PROPOSED CAPITAL REDUCTION
i. a proposed variation to the terms of the sale and purchase agreement ("SPA") dated 24 February 2021, entered into between Kanger Ventures Sdn Bhd ("Kanger Ventures") (a wholly-owned subsidiary of Kanger) and Aset Kayamas Development Sdn Bhd (formerly known as Aset Kayamas Sdn Bhd) ("AKDSB" or the "Developer") for the acquisition of 126 units of proposed serviced apartments located on the 30th to 45th floors of Tower A, Antara, Genting Highlands, sited on a piece of freehold land held under Title No. GRN 45572, Lot 43031, Mukim and District of Bentong, Pahang Darul Makmur ("Subject Properties") ("Proposed Variation"); and
ii. a reduction of the issued share capital of Kanger pursuant to Section 116 of the Companies Act, 2016 ("Act") ("Proposed Capital Reduction").
The Proposed Variation and Proposed Capital Reduction are collectively referred to as the "Proposals".
Further details of the Proposals are set out in the attachment enclosed. This announcement is dated 9 August 2024.
============== Directors unable to pay for price of 126 units resulting in reduction to 73 units 53 units returned to developer to make more money as unit price has gone up???
Developer Aset Kayamas thankful to Kanger directors to sign up for 126 units 2,3 years ago, helping developer to boost their accounting book during covid period.
Developer Aset Kayamas now also thankful to Kanger directors for releasing 53 units back to them to sell at higher market price
Both Aset Kayamas and Kanger directors must be very happy with above transactions
MZM2511@ Another Nexgram No. 2 in the making??? ======================== Hmmm....This time got to agree 99.9 % with Mr MZM a k a BIRDLESS MZM Proven KANGER 👺 = 😈 NEXGRAM 2.0 & now warrant WB almost👹 COFFIN pity to those trapped liao & on suffering especially INNOCENT 😭 NEWBIES Seems NO way out -many to slash /cut 😥 their " BIRDS " like him@ ?.(Birdless MZM🤣) BTW Kanger's CONSOLIDATION 😈 is COMING
To MZM2511, after this, if you want to invest in any counter, please keep it a secret until you sold that investment and gain money. Otherwise, this monkey OKU_2020 will hunt you down. My Malay friends always told me that there are many people like this clown OKU_2020...They've nicknamed a person like this as "Melayu Mata Merah"....
Dear OKU_2020. Enough is enough... The old ponda.man is getting vibrated.... Goyang , goyang sampai keluar angin... He He He.. ------- Anyways....
@OKU_2020. Cut loss half... Have a plan to buy it back @ lower price.
Anyways, when the dark clouds settle... I am expecting for the next cycle of GORENG for Kanger...... For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done. TAYOR
6 days ago -------- As I said, their integrity is in doubt!!!!! My plan, will look @ the incoming QR3 2024... Will make decision based on the qr results - whether to keep investing or fully out from this counter. TAYOR
PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF KANGER ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 19 August 2024, resolved to grant the Company an extension of time of 6 months from 19 August 2024 to 18 February 2025 for the implementation of the Private Placement.
============== Expect directors to do more fund raising via shares issuance to PP, ESOS, RI in near future
NOSH (currently 761,581,371) will continue to rise and eventually exceed BILLION shares again
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition
Anyways, when the dark clouds settle... I am expecting for the next cycle of GORENG for Kanger...... For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done. TAYOR
My plan, will look @ the incoming QR3 2024... Will make decision based on the qr results - whether to keep investing or fully out from this counter. TAYOR
After pity on our friend LOSS SOKMO on stock trading , then I got a social responsibility to do something on our fren...MR MZM@ a k a BIRDLESS MZM. Advice # 1 >> Don't fall in LOVE with any stock / counter .....found that he was madly in LOVE previously with 🤩😍NEXGRAM & now 🤩KANGER & Kanger-WB......till he got trapped & no way out ....finally resorted to cut his own lovely BIRD .....and now pity him .....a BIRDLESS. MZM 👹...😥
MZM2511@ Another Nexgram No. 2 in the making??? ======================== Hmmm....This time got to agree 99.9 % with Mr MZM a k a BIRDLESS MZM Proven KANGER 👺 = 😈 NEXGRAM 2.0 & now warrant WB almost👹 COFFIN pity to those trapped liao & on suffering especially INNOCENT 😭 NEWBIES Seems NO way out -many to slash /cut 😥 their " BIRDS " like him@ ?.(Birdless MZM🤣) BTW Kanger's CONSOLIDATION 😈 is COMING
...am veli woli about Mr MZM safety... let me shout.....MZM.....MZM....MZMMMMMMMMM😂 final call .....BIRDLESSSS🤣 MZMMMMMMM.......! suspecting ....him edi wiped out ... hmmm... most likely in " Ah Long Custody👹👺 " @ Sri Kembangan
Something fishy about Kanger purchase of Asset Kayamas condo _Antara Genting. 153 unit for about 145m rgt paid by Kanger. The money was from right issue money 4 years ago. There was cash 150m , than it was gone. Now is it true that Kanger has not enough money? Money already paid previosly. Auditor or MACC can reveal the facts
Aug 28,2021 RIGHT ISSUE of 2.8b share @6c =145m rgt
RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,861,936,149 NEW ORDINARY SHARES IN KANGER INTERNATIONAL BERHAD ("KANGER" OR THE "COMPANY") ("KANGER SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING KANGER SHARE HELD, TOGETHER WITH UP TO 2,861,936,149 FREE DETACHABLE WARRANTS IN KANGER ("WARRANT(S) B") ON THE BASIS OF 1 WARRANT B FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, AS AT 5.00 P.M. ON MONDAY, 30 AUGUST 2021 ("RIGHTS ISSUE WITH WARRANTS")
Aug 28,2021 RIGHT ISSUE of 2.8b share @6c =145m rgt
RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,861,936,149 NEW ORDINARY SHARES IN KANGER INTERNATIONAL BERHAD ("KANGER" OR THE "COMPANY") ("KANGER SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING KANGER SHARE HELD, TOGETHER WITH UP TO 2,861,936,149 FREE DETACHABLE WARRANTS IN KANGER ("WARRANT(S) B") ON THE BASIS OF 1 WARRANT B FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, AS AT 5.00 P.M. ON MONDAY, 30 AUGUST 2021 ("RIGHTS ISSUE WITH WARRANTS") --------- cehhh...thought latest news- turn out an expired one- gabbage - cehhh🤣
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....
whistlebower99
5,255 posts
Posted by whistlebower99 > 2024-08-09 23:52 | Report Abuse
MZM, a case for macc?