JERASIA CAPITAL BHD
KLSE (MYR): JERASIA (8931)
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JERASIA CAPITAL BHD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: CONSUMER PRODUCTS & SERVICES CONSUMER PRODUCTS & SERVICES
Subsector: PERSONAL GOODS PERSONAL GOODS
Description
Jerasia Capital Bhd through its subsidiaries is engaged in the manufacturing and exporting of fashion apparel and accessories. The business activity of the group is operated through Garment Manufacturing and Retail segments. The Garment manufacturing segments include the manufacture and export of fashion apparel and accessories. The Retail segment involves retailing of fashion apparel and accessories and the Other segment consists of investments and dormant companies. Geographically all the operation are functioned through the region of Malaysia, however, it also has the presence across the region of USA, Europe, Singapore, and Japan. Jerasia Capital derives the majority of revenue from export of apparel and accessories.
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2 people like this. Showing 50 of 469 comments
The Group’s capital raising exercise by way of a Rights Issue to capitalise, as announced on 10 August 2020, is pivotal and on track.
It will deleverage the Group’s bank borrowings and will address liquidity issues due to cash
flow mismatches. In addition, plans are actively being undertaken to deepen and expand the Group's entry into the healthcare segment.
2020-12-02 18:47
rise perhaps on insider for their circular to be announce today?
2021-01-08 16:06
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3094018
supposed to be on last Friday last day, wait for today and see
2021-01-11 08:42
Jerasia looking to raise RM261 million for entry into rubber gloves business
https://www.theedgemarkets.com/article/after-ppe-foray-mango-brand-retailer-jerasia-looks-raise-rm261m-glove-business
2021-01-30 05:10
Jerasia quarterly results...not so great..
But this company may have hit the right note by venturing into Gloves and PPE....look at the cases..5725.
With only 80+ million shares....a limit up one of these days is highly likely....will monitor trades from next week..
If it retest the 4 weeks high.....49sens..only then uptrend is intact....lets c
2021-01-30 07:38
Been losing 91sen for past 3 quarters and likely to lose again coming next quarter. Revenue also down a lot as business badly affected due to pandemic. High borrowing is of great concern and to venture into glove making now by raising funds through yet too be approved right issue is deemed optimistic.
It seems that even the land in NS is yet to be purchased and the factory also not constructed. Not to mention machineries been not installed and workers yet recruited and trained.
As from article from Edge, "Subject to the completion of the factory, the first glove dipping lines is expected to be commissioned by the second half of 2021." Is really a gigantic task and hope they will succeed and do wish them well.
01/02/2021 2:10 AM
2021-02-01 02:15
Golden Global was incorporated in Malaysia on 1 July 2020 as a private limited company. The
principal activity of Golden Global is in the business of original equipment manufacturing,
trading, marketing of nitrile and latex gloves. Golden Global is the registered brand owner for
gloves known as “Golden Care”.
As at 27 January 2021, being the latest practicable date prior to the date of this
announcement (“LPD”), the issued share capital of Golden Global is ((RM100,000)) comprising
100,000 ordinary shares. The SOLE director and shareholder of Golden Global is Streram A/L
Sinnasamy.
Jerasia agrees to supply to Golden Global and Golden Global agree to purchase
from Jerasia minimum of 72,000,000 boxes of latex and nitrile examination
gloves within 3 years from the effective date of the Offtake Agreement or such
further period as may be mutually agreed in writing between the parties, with
a monthly minimum volume commitment of 2,000,000 boxes throughout the
said 3 years period.
The purchase consideration of the latex and nitrile examination gloves shall be
at the prevailing average selling price of such products in Malaysia.
Yeah...
This deal sounds pretty convincing
2021-02-02 20:54
if by average of RM20 per box, the revenue will be 40mil per month? minus out their COGS, likely will turn the company's P&L around when it starts and reflect on next year. However we need to monitor the ASP as well.
2021-02-03 12:28
After 25 Years, ESPRIT Will Be Closing Down ALL Malaysian Stores By End Of June
## https://worldofbuzz.com/after-25-years-esprit-will-be-closing-down-all-malaysian-stores-by-end-of-june/
Let the newbies refresh & recall the well-know garment chain news...
2021-05-09 14:59
when theres nobody care about this shit.. this shit will shine bright your eyes very soon
2021-08-22 13:13
The Board of Directors of JCB wishes to announce that Jerasia Fashion Sdn. Bhd. ("JFSB"), the wholly-owned subsidiary of the Company had on 6 August 2021 received a winding-up petitition dated 21 July 2021 and Affidavit Verifying Petition of Chin Weng Cheow and Lily Lim affirmed on 26 July 2021 served onto JFSB, by Ambank (M) Berhad.
Please refer to the attachment for further details.
e) The total cost of investment in JFSB is RM23,604,020.00. This amount has been fully written off as impairment losses in the 30 November 2020 audited accounts.
f) The financial and operational impact of the winding-up proceedings on the group The Winding-Up Petition no longer has any financial and operational impact on the Company as JFSB is winding down its business operations.
g) The expected losses, if any arising from the winding-up proceedings The Company is not expected to incur any further loss arising from the Winding-Up Petition.
h) The steps taken and proposed to be taken by the Company/JFSB in respect of the winding-up proceedings Upon receipt of the winding-up proceedings from AMB, the Company together with
its solicitors had made representations and continued to actively engage with AMB and their solicitors to resolve this matter.
The Company has finally received a formal letter from AMB dated 19th August 2021 confirming granting the Company an indulgence of time of up to 4th November
2021 to facilitate the completion of the Company’s proposed corporate exercise which involves a capital raising exercise via rights issue and private placement of shares wherein part of the proceeds will be applied to partially pare down the bank borrowings with lenders on a pari-passu basis which includes AMB.
The announcement is dated 23 August 2021.
2021-08-24 09:18
Banker already accumulate at bottom. MACD on 1H candle is bullish. This counter will fly from 0.20 cents
2021-08-26 01:23
Moon ! Let goreng tomorrow ! Very Chun Result !!! Ini kali lar
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3302364
2022-10-27 19:54
when they lost ck jeans, nike and their crown jewel mango, everything went down hill
2023-01-27 16:01
8931 JERASIA, JERASIA CAPITAL BHD - +
JERASIA - DE-LISTING OF THE ENTIRE ISSUED SHARE CAPITAL OF JERASIA
21 Aug 2023, 11:08
JERASIA - DE-LISTING OF THE ENTIRE ISSUED SHARE CAPITAL OF JERASIA
JERASIA - DE-LISTING OF THE ENTIRE ISSUED SHARE CAPITAL OF JERASIA
ILC-21082023-00011
Kindly be advised that the entire issued share capital of JERASIA will be
removed from the Official List of Bursa Malaysia Securities Berhad with effect
from 9.00 a.m., Thursday, 24 August 2023 pursuant to paragraph 16.11(2)(d)(ii)
of the Main Market Listing Requirements. Kindly refer to the Company's
announcements dated 12 April 2023, 13 April 2023 and 14 April 2023.
VP, Issuers
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
2023-08-21 14:06
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Asyraf96
Can limit up
2020-10-27 11:29