Posted by MZM2511 > 2021-09-01 22:19 | Report Abuse

@wistlebower99.
Is it RM20 mil only needed as you said earlier? It's very unethical, ill intentions and misleading.

...............

whistlebower99 You should ask Mr Kuah, why he decided to raise RM172 million if he needs only RM20 million for the acquisition. Of course more free money from shareholders will be good for him to spend lavishly.

How much was wasted on the glove business ? Too much cash will make the directors complacent. And greed will make the money flow out easily.
01/09/2021 5:11 PM

Posted by MZM2511 > 2021-09-01 22:39 | Report Abuse

@wistlebower99......Also note the following and don't complain of not seeing any returns for so many years
--------------

Even you're the contractor of the development projects, the investment in the project will not show profit at their earlier stages of construction. This types of investment should be treated as a long term investment. It's not like beli kacang putih, goreng dan jual untuk dapat untung. He He

BARE IN MIND, KANGER HAS DIVERSIFIED INTO SEVERAL BUSINESSES. OTHER BUSINESSES SUCH AS MANUFACTURING BAMBOO PRODUCT, TRADING IN BUILDING MATERIAL AND HEALTHCARE SUPPLIER CAN GIVE PROMPT RETURNS TO THE COMPANY.

THEREFORE, IT'S GOOD FOR KANGER TO BE MORE DIVERSIFIED.

Posted by whistlebower99 > 2021-09-01 22:50 | Report Abuse

MZM, who is the owner of Aset Kayamas ?

Looks like Kanger is bailing out the company, maybe they are good friend.

Do a survey of the properties around the same area and assess whether it is worth buying at this price?

Posted by MZM2511 > 2021-09-01 23:06 | Report Abuse

@wistlebower99.

I suggest you to use your "kelapa/buluh" as your magic mirror to know and judge other people manner and intentions.Also to do an assessment on the project because Kanger don't have any good professional valuer to do the assessment.

Haishh. What an ill intentions people and misleading spammer you are....

Be realized that Mr. Kuah is going to be substantial shareholder in Kanger. He is the Executive Director. What will happen to Kanger's businesses should be calculated by the substantial shareholder, because it will affect his worth by virtue of his shares value that he hold.

Posted by MZM2511 > 2021-09-01 23:12 | Report Abuse

@wistlebower99. I have a suggestion to you.

ARE YOU KANGER'S PROXY WHO HAVE BEEN DUMPED BY THE COMPANY?

iF IT'S TRUE. I HAVE NO QUERY BECAUSE YOU'RE HAVING SO MUCH HATE FOR THE COMPANY AND IT'S DIRECTORS.

WHAT A JOKE......

Posted by Patience99 > 2021-09-01 23:13 | Report Abuse

@whistlebower from your comments can realize you always predict future but very negatively. Seem to be scare of everything. Own judgement if feel worth just subscribe RI or just ignore RI. True?

Posted by whistlebower99 > 2021-09-01 23:28 | Report Abuse

Time will tell. Remember the condo completion date is January 2026 (if there is no delay).

Just stay safe & healthy and let all of us wait for the outcome.

Posted by MZM2511 > 2021-09-01 23:31 | Report Abuse

Sorry guys. Just a reminder.

I WANT TO SHARE WITH YOU MY SIMPLE THEORY:

But as I looked at certain companies before, after the company approved the RI and setup the issue price for RI, the share price firstly will drop.

But near the date of the RI to be executed, the price will be markup higher than the issue price of the RI.

These scenario surely not be absolutely will happen to Kanger, but it has high chance or probability to follow suit.

We have another 9 trading days left which are 2/9,3/9,6/9,7/9,8/9,9/9,10/9,13/9 and 14/9 before the last date to subscribe and pay for the right issue on 15/9.

There is enough time for the price to be cooked up. TAYOR

Posted by Peace99 > 2021-09-02 07:18 | Report Abuse

@whistlebower99 I think the main problem with you is you are not a real whistleblower (ok, you claim "bower"), you just blow everywhere before checking. For example, while it is true that the the whole Antara will be completed in 2026, but the block in which the 126 units Kanger is buying will be completed and hand over by 1st quarter of 2024.

To date, Kanger has paid 30% of total, with remaining 70% shall be paid in tranches.
The last payment RM 14,287,000 (10% of total) is when Kanger Ventures takes vacant possession of the units in First quarter of 2024.

For details. see Section 5.4 of Abridge Prospectus.

Posted by JeffreyRyan08 > 2021-09-02 08:13 | Report Abuse

Hi guys. Can anyone explain the rights issue to me? How does it work and what this counter requires me to do? I’m new to this

Posted by BilisMasin > 2021-09-02 08:32 | Report Abuse

Aset kaya mas ?

Kahkahkah

In 2018, this aset kaya mas organize Larian Merdeka 2018.

They scam the participant. Finisher dont get their medals. Insteads they utilising volunteee for the event, simply take our particant collection money by organizing so call event

Company scammer collect duit

Posted by BilisMasin > 2021-09-02 08:34 | Report Abuse

https://mobile.twitter.com/syedsaddiq/status/1040980800383049728?lang=en

Dulu aset kaya mas scam pelari2 kecil saja, sekarang mau scam juta2 wang retailer dgn kerjasama kanger interscamnational

Posted by Patience99 > 2021-09-02 09:19 | Report Abuse

@bilis. Earlier post said sold 6 cts n q at 5 cts. Try your best to spam ? Still waiting for 5 cts?

Posted by Peace99 > 2021-09-02 09:44 | Report Abuse

Jeffrey,
pls see
https://klse.i3investor.com/blogs/hsb23/2021-06-27-story-h1567060125-Should_you_subscribe_to_KANGER_0170_rights_issue.jsp

And MSM2511 postings yesterday and also earlier.

Posted by Peace99 > 2021-09-02 09:51 | Report Abuse

@Patience99, Now we know Bilis modus operandi! Keep talking bad when want to buy, LOL
Ppl who don't know it might be influenced and so he may get what he wants!

Posted by Peace99 > 2021-09-02 10:07 | Report Abuse

Glad that my "guess" yesterday about price was largely correct!
Yesterday was between 4.5 and 6sens.....
Today is it unreasonable to expect going from 5 to 6.5sens?
......given the good projects in progress or in waiting. Happy trading and investing!

Posted by Peace99 > 2021-09-02 10:22 | Report Abuse

See the summary of positives by MZM2511.....so Why sell away your shares cheap cheap?

Posted by BilisMasin > 2021-09-02 10:32 | Report Abuse

No value company
Kahkahkah

8 million OR waiting to exit
Kahkahkah

Posted by ranacinggey > 2021-09-02 10:56 | Report Abuse

singget

Posted by dem777 > 2021-09-02 11:14 | Report Abuse

We have CONMEN COUNTERS agents planted here…..

Posted by Peace99 > 2021-09-02 11:21 | Report Abuse

Bilis, to be exact it's 800mil OR, haha .....where are the rest?
But if you manage to come down from high floor, happy for you anyway

Posted by whistlebower99 > 2021-09-02 11:52 | Report Abuse

Money raised from RI will eventually be used to pay for the purchase of 126 units of Antara @ Genting Highlands serviced suite costing RM142.9 milion

https://www.nst.com.my/property/2021/02/668553/kanger-enters-genting-highlands-rm1429-million-investment-serviced-suites

- S&P signed during national lockdown period; Is the purchase a good investment during pandemic period.
- Average price per unit = RM1.13 million. What is the average price of similar property around the area.

Antara @ Genting Highlands is under construction and development (with approximately 12% completion as at the LPD) with expected completion by January 2026. The proposed development will be carried out in 2 phases; the first phase of the development shall comprise the podium block together with Blocks A and B and the second phase shall comprise Blocks C and D. At this juncture, the first phase of the development is anticipated to be completed by June 2025.

- expected completion is Jan 2026. Another 5 long years before shareholders can "enjoy" the returns in investment

==========================

Aset Kayamas Sdn Bhd, (owned by Tan Sri Datuk Chai Kin Kong) is the developer of Antara Genting Highlands Resort Suites (Antara @ Genting Highlands).

https://asetkayamas.com/about-us/

==========================

Posted by Peace99 > 2021-09-02 13:14 | Report Abuse

@Whistlebower99

Why do you choose to leave out the last sentence of the paragraph you quoted from Page 17 of the Abridged Prospectus?

"Antara @ Genting Highlands is under construction and development
(with approximately 12% completion as at the LPD) with expected
completion by January 2026. The proposed development will be carried
out in 2 phases; the first phase of the development shall comprise the
podium block together with Blocks A and B and the second phase shall
comprise Blocks C and D. At this juncture, the first phase of the development is anticipated to be completed by June 2025. As set out in Section 5.4 of this Abridged Prospectus, the Subject Properties are expected to be completed in the first quarter of 2024."

It is stated "the first quarter of 2024". I believe the readers here can see the difference this makes.
Section 5.4 says the Kanger takes vacant possession of the units at that time.

Posted by messi > 2021-09-02 14:15 | Report Abuse

Datuk Chai Kin Kong is father to Dato Chai Woon Chet. Many investors in XOX very angry.

Posted by whistlebower99 > 2021-09-02 15:01 | Report Abuse

Silly to spend RM142 million of shareholders money to purchase property under development.

Waiting period for completion 3 to 4 years.
Risk of delay in completion due to shortage of workers, work interruption, etc
Risk of suspended project due to sluggish demand

Posted by MZM2511 > 2021-09-02 15:25 | Report Abuse

Using wistlebower99's logic, all construction companies should be delisted from BURSA, as our investment in the said companies has so much risks concerning what has been told by him.

You showed us your ill intentions towards the company.

AS WE KNOW THAT KANGER HAS DIVERSIFIED INTO SEVERAL BUSINESSES. OTHER BUSINESSES SUCH AS MANUFACTURING BAMBOO PRODUCT, TRADING IN BUILDING MATERIAL AND HEALTHCARE SUPPLIER CAN GIVE PROMPT RETURNS TO THE COMPANY.

IT'S GOOD FOR KANGER TO BE MORE DIVERSIFIED AND BALANCING THE RISKS OF ITS BUSINESSES.

Posted by whistlebower99 > 2021-09-02 15:42 | Report Abuse

Extracted from Annual Report

List of 30 largest shareholders
8. Chai woon chet 29,000,000 1.04%
9. Kuah choon ching 25mil 0.89
30. Lee chong wei 7.5mil 0.27

No. 8 is director in loss making penny stocks anzo, oversea, m3tech and have stakes in other (mostly loss making) penny stocks

No. 9 has undertaking to subscribe rm20 mil of RI at 6cts per share

No substantial shareholders (5% or higher) as at 30 July 2021

Is it someone pushing down the price to below RI price of 6cts?

Let's wait to see any boardroom changes if some substantial shareholders appear.

===============================

No 8 is related to Aset Kayamas owner ?

Posted by MZM2511 > 2021-09-02 15:46 | Report Abuse

FOR NEWBIES.

Referring to wistlebower99…….. The pure but a poor spammer. The witch ghost that said every big NOSH companies will do consolidation exercises. Very Bad People...

whistlebower99. PLEASE DON'T EVER USE YOUR ILL INTENTION INFORMATION ANYMORE TO MISLEAD OTHERS !!!!

Posted by RelaxBro > 2021-09-02 15:49 | Report Abuse

6.5 soon

Posted by Peace99 > 2021-09-02 15:52 | Report Abuse

@Whistlebower99, MZM, myself and others here corrected your misinformation, not even hear a word of thank, why? You still haven't answered why you left out the last sentence on the completion schedule!

Posted by BilisMasin > 2021-09-02 15:54 | Report Abuse

3. Mr Kuat Ken Ching

Posted by RelaxBro > 2021-09-02 15:56 | Report Abuse

4. Bilis kah kah

Posted by BilisMasin > 2021-09-02 16:17 | Report Abuse

Sold at 6cents. Profit 50k
Thanks

Posted by RelaxBro > 2021-09-02 16:31 | Report Abuse

Bilis kah kah

Posted by MilkYourMoney > 2021-09-02 16:33 | Report Abuse

Can delisted rdy this scamnger company.. Tipu kuat duit orang.

Posted by BilisMasin > 2021-09-02 16:37 | Report Abuse

RI pasti gagal

kahkahkah

Sudah 2 hari market price bawah RI

Posted by whistlebower99 > 2021-09-02 16:38 | Report Abuse

Kanger acquires RM143m hillside property with funding from rights issue

https://www.nst.com.my/property/2021/02/668553/kanger-enters-genting-highlands-rm1429-million-investment-serviced-suites

Purchase of 126 units of properties looks like helping friend's project as sales were sluggish during pandemic period at beginning of 2021 when almost lockdown were still imposed.

Posted by MZM2511 > 2021-09-02 16:44 | Report Abuse

@wistlebower99.

I suggest you to use your "kelapa/buluh" as your magic mirror to do an assessment on the current and future prospects of Kanger's project and dealings.

Haishh. What an ill intentions people and misleading spammer you are....

Be realized that Mr. Kuah is going to be substantial shareholder in Kanger. He is the Executive Director. What will happen to Kanger's businesses should be calculated by the substantial shareholder, because it will affect his worth by virtue of his shares value that he hold.

Posted by MZM2511 > 2021-09-02 16:46 | Report Abuse

The new substantial shareholders after RI and acquisition exercise:
1. Kuah almost 750 mil shares
2. Sung Master 769 mil shares.

Posted by BilisMasin > 2021-09-02 16:48 | Report Abuse

3. Mr Kuat Ken Ching

Posted by MZM2511 > 2021-09-02 16:56 | Report Abuse

BilisMasin Sold at 6cents. Profit 50k
Thanks
02/09/2021 4:17 PM
--------------------

i kencing saje lah. Just meme "cut lost" ID if u ever see his pos

Posted by MZM2511 > 2021-09-02 17:00 | Report Abuse

But did you take action?
-------------
Already make a plan and preparing bullets to subscribe the RI.

Frankly, I'm not playing big, because of limitation of fund.
But I have a plan to play.

Posted by whistlebower99 > 2021-09-02 17:06 | Report Abuse

Look at it objectively, it is a bad decision to pay RM142 mil for new properties under construction, only ready in 3, 4 years.

Can safely say that Jan 2021 was not the right time to invest in property. Many question marks ???

Posted by serikaya > 2021-09-02 17:21 | Report Abuse

Dlm trading account ada dpt kanger-or. ...boleh jual kah?...

Posted by MZM2511 > 2021-09-02 17:59 | Report Abuse

@serikaya. Ya boleh jual. Tapi awak tengoklah que jual @ 0.5 sen sangat banyak. Kena beratur panjang. he he

Posted by MZM2511 > 2021-09-02 18:04 | Report Abuse

@wistlebower99.

Kalau awak betul-betul nak jadi orang yang sangat baik hati,YANG SUKA TOLONG NEWBIES dan kita pelabur runcit semua,

Saya cadangkan awak beli saham Kanger banyak-banyak sehingga jadi substantial shareholder. Lepas tu, awak join BOD Kanger.

Awak nanti boleh buat keputusan lebih bijak dan baik hati berbanding BOD sekarang yang awak tidak percaya dan kutuk hari-hari.

SEDAR TAK AWAK, DALAM KEADAAN SEKARANGLAH MENYEBABKAN KANGER DAPAT BELI APARTMENT TU DENGAN HARGA DISKAUN. KALAU BELI DALAM KEADAAN EKONOMI BAIK, MUNGKIN HARGANYA LEBIH TINGGI DAN TAK DAPAT DISKAUN.

Posted by Peace99 > 2021-09-02 18:17 | Report Abuse

whistlebower, can consider MZM's suggestion for you?
And to restore your objectively, may i suggest you don't just cut and paste half of the info and skip the other half. Until you are objective, how to talk about objectivity?

Posted by Patience99 > 2021-09-02 19:38 | Report Abuse

@whistlebower MZM and others do ask you whether you hold any share and other comments but you always skip. The newbies really get confused by you. Seem u just blow certain things and after that keep quiet. You are really making investors pushing here and there. Pls lah help the newbies .

Posted by serikaya > 2021-09-02 20:15 | Report Abuse

OR tu kalau tak jual sebelum 13/9 maka akn burn semua nya kah?.... bagaimana dgn pegangan share kanger sy akn jatuh lagikah?...pening sy fikirkan.

Posted by BilisMasin > 2021-09-02 20:18 | Report Abuse

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