MZM2511

@JJPTR...
One thing obvious is after that 145m rgt purchase, Kanger cash had been below 1m for few qtrs, there were qtrly loses, how did Kanger manage to do another 15 new purchases recently?
----
This announcement is dated 7 November 2023
https://www.malaysiastock.biz/Company-Announcement.aspx?id=1519668

Still can't see any info about the completion of this proposed acquisition...

As per this announcement...

"The obligations of the parties under the Agreement are in all respects conditional upon the following being fulfilled on or before six (6) months from the date of the Agreement or such other extended as may be agreed between the parties (hereinafter referred to as the “the Cut-Off Date”):–
(a) Purchaser having obtained the approval of its shareholders at an extraordinary general meeting to be convened for the sale and purchase of the Purchaser Units. Within five (5) business days after the conclusion of Purchaser’s extraordinary general meeting, Purchaser shall obtain and forward to the Developer’s Solicitors three (3) certified true copies each of Purchaser’s members’ resolution authorising Purchaser to enter into the Agreement and its execution and performance of the Agreement and all the other relevant documents pursuant to the Agreement or otherwise pertaining to the transactions contemplated by the Agreement; and
(b) any approvals, waivers or consents from any relevant authority or parties as may be required by law or regulation or deemed necessary by the parties to facilitate the sale and purchase of the Purchaser Units (if required).
7.2
If any of the conditions set out in Clause 3A(1) are not satisfied by the Cut-Off Date (not due to a default of any party), then either party will be entitled to issue a notice of termination to the other party and thereafter whereupon the Developer shall refund all monies paid by Purchaser to the Developer for its account as part of the Total Consideration Sum free of interest within thirty (30) days from the date of notice of termination.

The Agreement shall become unconditional on the day upon which the conditions have been fulfilled in accordance with the provisions of the Agreement or on such other date the Developer and/or Purchaser confirm in writing that the conditions have been fulfilled, whichever shall be earlier (hereinafter referred to as the “Unconditional Date”)

1 month ago

MZM2511

OKU_2020 @Pon danman and JJPTR always come to "Goyang-Goyang".

Jom Dangdut... Ah Ah Ah

1 month ago

OKU_2020

MrChin Williom@
Nono... All guy already cut lose runnn. .... Haha
-------
Cut your bird edi ?....Pity
Blame whom ..?... him laaa none others .....
.must THROWWWW shoes on him as a symbolic for misleading you into this painful BOOBBY TRAP..!

4 weeks ago

OKU_2020

BACK TO SQUARE ONE...?
Can't rule out this....
As the outlook is so GLOOOMY
BTW...OKU = ?
OKU = Otai Kuat UMNO = O K U😁

4 weeks ago

OKU_2020

Hmmm....BACK to SQUARE ONE ..?
Worrying trend
Be prepared for the painful PP dilution
3 sen for Mom Kanger , Coffin half sen for son WB ( extremely out of money ) with conversion price of Crazy 50 SEN
Good Luck my frens

4 weeks ago

MZM2511

OKU_2020 @Pon danman always come to "Goyang-Goyang".

Jom Dangdut... Ah Ah Ah

4 weeks ago

BE_GREEEEEDY

rotikong@
MZM & OKU always negative
,++++++++
Warren Buffett >> BE. GREEEEEEEDY 💪💪💪when others are SHIVERING
Immediate Kanger TP 10 sen

4 weeks ago

Joe

PERMAJU can be a better hold then KANGER... Is this true?

3 weeks ago

MZM2511

@Joe

Look at this comment on Permaju..
Good123

Syer consolidation coming... 100:1---> rm4.50 hahaha

1 week ago

3 weeks ago

MZM2511

Furthermore, Kangers's balance sheet is better than Permaju's.

3 weeks ago

BE_GREEEEEDY

rotikong@
Both MZM & OKU always negative
,++++++++
Warren Buffett >> BE. GREEEEEEEDY 💪💪💪when others are SHIVERING
Immediate Kanger TP 10 sen

3 weeks ago

MZM2511

-ve + +ve = Spark BOOOOOOM. He He he

3 weeks ago

BE_GREEEEEDY

BREWINGGGGGG
Anytime $$$$$

3 weeks ago

BE_GREEEEEDY

finger crossed $$$$$

3 weeks ago

BE_GREEEEEDY

don't be Pond*n
TP 10 sen intact

3 weeks ago

MZM2511

@BE_GREEEEEEEEEEEEEEEDY... Good! Very positive vibe..

I think the next cycle of GORENG is nearer.
The market condition is more conducive... The price of PP share has to be determined.

TAYOR

3 weeks ago

eatsmall

be geli..Dyyy.. mendanyeee..SUDAH 7 bulan macam ni aje..

3 weeks ago

BE_GREEEEEDY

Anytime 7-8 sen

3 weeks ago

BE_GREEEEEDY

volume very impressive n promising
$$$ for sure

3 weeks ago

M55555

anything new here? Now left with RM0.05 saja

2 weeks ago

BE_GREEEEEDY

looks promising....anytime 7-8 sen
WB 2"SEN

2 weeks ago

Joe

They might come back for Permaju...just watch KANGER or Permaju

2 weeks ago

BE_GREEEEEDY

CHEARSSSS..,.
BE GREEEEEDY when others are SHIVERINGG PAID OFF $$$$$ - Warren BUffett👌

2 weeks ago

OKU_2020

hmmm I am back with a Bang
beware
this cap ayam Kanger ? merely a DEAD CAT BOUNCE

2 weeks ago

MZM2511

Posted by MZM2511 > 2 months ago | Report Abuse

Not necessary... It's up to the company's insiders objectives or depend on how they want to play a game. For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done. TAYOR.

2 weeks ago

MZM2511

Wow.. Ponda.man is coming back from the cave!!!
Goyang jangan tak goyang dik...

Anyway,
I am expecting for the next cycle of GORENG for Kanger...... Better now or never!!!

TAYOR

2 weeks ago

OKU_2020

See....told you edi
Back to Square One...a short lived euphoria / joy...
Those trapped especially innocent newbies must blame this Great Pretender...him laaa Non others..
Heard he was trapped Liao n be headed...CONDOLENCE

2 weeks ago

whistlebower99

FOR NEWBIES

NOSH = 731,581,371

https://www.klsescreener.com/v2/stocks/view/0170/kanger-international-berhad

Look at annual P/L and capital changes in above link

Announced EX Date Subject Ratio Offer
21 Jan 2022 08 Feb 2022 Share Consolidation 1.0000 : 10.0000
16 Aug 2021 27 Aug 2021 Rights Issue (warrant) 1.0000 : 1.0000 0.0600


After share consolidation, NOSH approaching 1 BILLION shares again

Multi year loss making penny stock
==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition

2 weeks ago

OKU_2020

Advice given fell on deaf ears- PITY
Those trapped must blame him ?.....Who ?
That Great Pretender for misleading you especially Innocent Newbies
At least must THROWWWW virtual shoes as a spicy symbolic on him

2 weeks ago

MZM2511

Anyway,
I am expecting for the next cycle of GORENG for Kanger...... Better soon or never!!!

TAYOR

2 weeks ago

BE_GREEEEEDY

rotikong@
Both MZM & OKU always negative
,++++++++
Warren Buffett >> BE. GREEEEEEEDY 💪💪💪when others are SHIVERING
Immediate Kanger TP 10 sen

2 weeks ago

MrChin Williom

Ya... Rubbish company ... Bye bye

1 week ago

BE_GREEEEEDY

MrChin Williom@
Ya... Rubbish company ... Bye bye
+++++
Don't be Pond*n
BE GREEEEEEEEDY whwn others are SHIVERINGGG - W. BUFFETT = $$$$$

1 week ago

MrChin Williom

I already sold it... No more share .. bye bye

1 week ago

BE_GREEEEEDY

Get lost ....
Only Macho(s) stay put (intact) over here💪 with Darling Kanger

1 week ago

Baby Shark

Bought 0.055 & sold 0.06.. hahaha

1 week ago

Baby Shark

Can bankrupt or not ..

1 week ago

MZM2511

Base on my BRIEF study on the QR2 2024 of Kanger:

Summary:
The company
A: Sitting on negative reserve.

B. Recorded net loss for the last TWO consecutive quarters.
QoQ, revenue down and net loss widened.

C: Not a cash rich company.

D. Total assets > Total liabilities, Total current assets > Total current liabilities: Means still has a low indebtedness risk.

E. Has nil non-current liabilities: Means has more oppurtunity to take a loan to finance its future project / investment.


THE FINDINGS:

1. NTA 31 sen (down from 45.1 sen @ last QR1 2024).
2. NOSH 731.58 mil.

3. EQUITY
Share Capital RM 433,234,000
Reserves / (accumulated losses) (RM 206,530,000)
Shareholders’s equity RM 226,704,000
Non-Controlling Interest RM 0
TOTAL EQUITY RM 226,704,000

4. Cash and Cash Equivalent:
Cash and bank balances RM 560,000

5. Assets:
Current Assets RM 36,431,000
Non-current Assets RM 204,544,000
TOTAL ASSETS RM 240,975,000

6. Liabilities:
Current Liabilities RM 14,271,000
Non-current liabilities RM 0
TOTAL LIABILITIES RM 14,271,000

7. QR2 2024 results :
- Revenue RM 9,969,000 (down from QR1 2024 of RM20,691,000)
- Gross profit RM 1,985,000
- Net profit / (loss) (RM 1,464,000) (up from QR1 2024 loss of (RM382,000)

Note 1:

Revenue decrease by RM13.3 million in current financial quarter ended 31 March 2024 (“Q2 2024”) as compared to the corresponding quarter ended 31 March 2023 (“Q4 2023”) which was mainly due to significantly decrease in the sales generate from Sung Master Holdings Sdn Bhd on trading of building materials. Besides, Q2 2024 has recorded loss after taxation of RM0.7 million as compared to the profit of RM1.6 million in Q4 2023. This was mainly due to loss on disposal of motor vehicles which has contributed a total of RM1.1 million in current financial quarter.

Note 2:

The Group recorded loss after taxation of RM0.7 million as compared to profit after taxation of RM0.6 million in Q1 2024. The loss was recorded in Q2 2024 was mainly due to non-recurring expenses such as loss on disposal of motor vehicles of RM1.1 million.

1 week ago

MZM2511

Anyway,
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.
Better now or soonerr!!!

TAYOR

1 week ago

whistlebower99

FOR NEWBIES

Directors restarting massive fund raising via massive shares issuance.

KANGER INTERNATIONAL BERHAD ("KANGER" OR THE "COMPANY")

PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF KANGER ("PRIVATE PLACEMENT")

===========
Expect more fund raising via massive shares issuance to increase the NOSH to Billion shares again. After that, directors might repeat share consolidation again.

1 week ago

whistlebower99

FOR NEWBIES

Announced EX Date Subject Ratio Offer
21 Jan 2022 08 Feb 2022 Share Consolidation 1.0000 : 10.0000 View
16 Aug 2021 27 Aug 2021 Rights Issue (warrant) 1.0000 : 1.0000 0.0600 View
27 Mar 2015 08 Apr 2015 Others (warrant) 1 : 2 View
26 Aug 2014 09 Sep 2014 Bonus Issue 1 : 5 View

https://www.klsescreener.com/v2/stocks/view/0170/kanger-international-berhad

==================
NOSH = 731,581,371
WB = 169,951,156

After rights issue and share consolidation in 2022, NOSH will once again hit 1 BILLION soon
Directors is back to fund raising via massive shares issuance to PP, ESOS, RI, etc causing dilution to retailers shareholding equity % and EPS

==================
KANGER INTERNATIONAL BERHAD ("KANGER" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF KANGER ("PRIVATE PLACEMENT")

On behalf of the Board, UOBKH wishes to announce that the Board had on 25 June 2024 resolved to fix the issue price for the Private Placement at RM0.0535 per Placement Share.

This announcement is dated 25 June 2024.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3458823

==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition

1 week ago

MZM2511

Finally....
On behalf of the Board, UOBKH wishes to announce that the Board had on 25 June 2024 resolved to fix the issue price for the Private Placement at RM0.0535 per Placement Share.

1 week ago

whistlebower99

MZM how's your investment in kanger, nexgram, fast, etc

6 days ago

MZM2511

@whistlebower99. Big loss @Nexgram, Exited Kanger with a big reducing amount of losses but reentered back some, early 2024 gained big @ itronic and itronic w and gained substantial amount @Wegman W...

Overall, already recovered +-80 percent of my initial investment.....

Year 2024 is a good year for my investment.. Hope will be better...

6 days ago

whistlebower99

MZM, kanger directors repeating modus operandi.
Fund raising via shares issuance to PP ESOS RI, asset acquisition etc
Make business losses to let company fund flow out to someone
When NOSH becomes too high to manage, directors will do shares consolidation and rights issue with free warrant

6 days ago

MZM2511

@whistleblower99... Thanks for your perception on Kanger.
For me, its 70 percent true...
But... I still have some hope on this company....
Still has a room and possibility to be a GORENG COUNTER....

Hope I should not wait too long for that time...
TAYOR.

6 days ago

MZM2511

Anyways,,,
I am expecting for the next cycle of GORENG for Kanger......
Just a simple theory.. The price probably not going far below the issue price for the PP shares....
TAYOR...

6 days ago

MZM2511

Details of corporate proposal Private placement of up to 20% of the total number of issued shares of Kanger International Berhad
No. of shares issued under this corporate proposal 30,000,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.0535
Listing Date 01 Jul 2024

4 days ago

eatsmall

Habis sudah 1/2 tahun..

4 days ago

BoonBoon69

It's been a week since OKU_2020's last post , is he died??? Man, i hope he's ok, i really like that clown, we need clown like him to spice up our life a bit....

23 hours ago