heard rumor saying that a new substantial shareholder is taking over the company. anyone heard of the same ? no announcement yet but share price already gone up so much in the past 3 weeks, form 5.5c to 15c.
Six companies trigger PN17/GN3 criteria Six companies, which accounted for 0.67 per cent of the total listed companies on Bursa Malaysia, have triggered the suspended criteria of PN17 and GN3 as at July 28, 2020. That consisted of five Main Market listed companies and one ACE Market listed company, respectively, according to Bursa Malaysia. "Apart from AirAsia Group Bhd, four other Main Market companies that have triggered the suspended criteria of PN17 as at April 17, 2020 were, namely Gets Global Bhd, Ikhmas Jaya Group Bhd, Khee San Bhd, and Cymao Holdings Bhd, while Bahvest Resources Bhd has triggered the suspended criteria of GN3," it said. However, Bursa Malaysia said these companies would not be classified as PN17/GN3 companies, and would not be required to comply with the obligations under the paragraph/Rule 8.04 and PN17 or GN3 of the listing requirements for 12 months, following the relief measures announced by the exchange on April 16, 2020. To record, Bursa Malaysia said 23 companies had been classified under PN17 and three companies under GN3 as at July 28, 2020, representing 2.89 per cent of the total companies listed on the local exchange during the period.
KUALA LUMPUR (July 20): Ikhmas Jaya Group Bhd has appointed Datuk Abdul Majid Ahmad Khan (pix) as its new independent and non-executive chairman, effective immediately.
Abdul Majid, 74, was a former Malaysian diplomat who joined the Malaysian Diplomatic and Administrative service in 1970. In his 34 years of service, he has served in the Prime Minister’s Department, as well as several Malaysian Missions abroad and in a senior position in the Ministry of Foreign Affairs, according to the group's filing with Bursa Malaysia.
The countries he served as a diplomat were the US, Laos, Vietnam and China.
Currently, he is the president of the Malaysia-China Friendship Association (PPMC) and exco member of the Malaysia-China Business Council. He has also been chairman of the Malaysian Investment Development Authority (MIDA) since April 2019.
He is on several boards of companies, namely Zecon Bhd, MGB Bhd and Dutaland Bhd.
Meanwhile, the group also appointed Datuk Tan Choon Hwa as the independent non-executive deputy chairman of the company, with effect from July 20.
Tan, 62, is a businessman with 20 years of experience in various industries such as timber mining, hotel resort, housing land development and finance investment holding.
He is the executive chairman of TCH Resources group, vice president of TA Pay Group and IBG Group, and a director in Wazlian Group.
He also holds other chairmanships in several associations including president of Malaysia-China Chamber of Commerce (Kelantan branch) and vice president of Malaysia-Guangzhou investment association.
At present, Tan is an executive director in SMTrack Bhd and independent non-executive director at Ni Hsin Resources Bhd.
Meanwhile, in two separate filings to the exchange, Ikhmas Jaya, which is involved in engineering and construction services, said its wholly-owned subsidiary Ikhmas Jaya Sdn Bhd (IJSB) has been served winding-up petitions by Lain-U Trading Sdn Bhd and Maha Mentari Sdn Bhd.
Loss-making Ikhmas Jaya said IJSB owned Lain-U Trading and Maha Mentari money. IJSB owed Lain-U Trading the sum of RM1.18 million for the supply of timber of timber products for IJSB, while it owed Maha Mentari RM134,452.92 for subcontract work provided.
“IJSB is negotiating with the petitioner for an amicable out of court settlement and the company is in consultation with its solicitors on the appropriate action to be taken on the winding-up petition,” said Ikhmas Jaya.
For the case against Maha Mentari, the case management has been fixed on Sept 22, 2020 and the hearing for the petition has been fixed on Oct 22, 2020.
There is no significant financial and operational impact on the group for the financial year ending Dec 31, 2020, it added.
The share price of Ikhmas Jaya finished 0.5 sen or 4.35% higher at 12sen, giving it some market capitalisation of RM70.6 million. Some 48.82 million shares were traded.
i didnt see sell signal yet...but my bias is the price may pullback next few trading days...
if you accidentally brought this stock and happy with the paper profit... decide urself to cut profit.... money is yours, so always yours call to buy, to sell or to hold... no one else either accountable nor responsible to your decision....
equip yourself with some simple TA chart reading skill... 25c is a roadblock... can clear then clear, cannot clear then mar pullback...
this is not a buy call or hold call...or sell call...
dont listen to anyone here 100% including me,i can hold because my cost is low... drop to 20c i also can retreat with profit...
Thanks for your kind advice. So in summary you went in at a low ep and you ask everyone else to be careful and sell when possible. At the same time you are saying that we may or may not listen to you. That's the gist of it right?
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....
Leong1982
544 posts
Posted by Leong1982 > 2020-07-21 11:52 | Report Abuse
ECRL coming???? train started?