Home
Login Register
Asiatic    Last:0.004   -

WE WANT OUR MONEY BACK!!!

 Post Reply 1-20 of 177
 
tofudidi     03-Dec-2024 11:42  
Contact    Quote!
wow.... ur the one?  crying

SmallSmall      ( Date: 03-Dec-2024 11:31) Posted:

Someone just booked 16 mil at $0.003.
Strange behaviour for some small penny stocks today

 
 
SmallSmall     03-Dec-2024 11:31  
Contact    Quote!
Someone just booked 16 mil at $0.003.
Strange behaviour for some small penny stocks today
 
 
ysh2006     12-Sep-2023 18:21  
Contact    Quote!
It want to sue other company oversea to get back investment money...
 

 
ysh2006     27-Jul-2023 22:11  
Contact    Quote!
Not much forumer interested this counter....hardly no much trading volumn...
 
 
stevenongtalk     25-Jul-2023 08:04  
Contact    Quote!
do u think the stocks u  bounceback it been so many years, i would cut away n buy others.there is a hokkien saying eat meat bone also eat nothing for u!

hschsc      ( Date: 24-Jul-2023 11:54) Posted:

Do you think worth to buy the right? now is (10+13) diveded by 23. at first your shares us 100% now you buy the shares become 46%, but you got 23 shares.  Hzve to wait the end of the subscribe results.
 

ysh2006      ( Date: 24-Jul-2023 11:32) Posted:

Any idea if I don't buy the right issue shares how many %age will be cut from my holding..


 
 
ysh2006     25-Jul-2023 06:45  
Contact    Quote!
The share price now is 26% discount to the right issue share price of 0.0027 why company no attempt to push up at least to right issue price ?...one reason it don't want retailers to buy the share only...

hschsc      ( Date: 24-Jul-2023 11:54) Posted:

Do you think worth to buy the right? now is (10+13) diveded by 23. at first your shares us 100% now you buy the shares become 46%, but you got 23 shares.  Hzve to wait the end of the subscribe results.
 

ysh2006      ( Date: 24-Jul-2023 11:32) Posted:

Any idea if I don't buy the right issue shares how many %age will be cut from my holding..


 

 
hschsc     24-Jul-2023 11:54  
Contact    Quote!
Do you think worth to buy the right? now is (10+13) diveded by 23. at first your shares us 100% now you buy the shares become 46%, but you got 23 shares.  Hzve to wait the end of the subscribe results.
 

ysh2006      ( Date: 24-Jul-2023 11:32) Posted:

Any idea if I don't buy the right issue shares how many %age will be cut from my holding...

ysh2006      ( Date: 24-Jul-2023 05:29) Posted:

If I don't buy the right shares how many %age company will cut my original shareholding


 
 
ysh2006     24-Jul-2023 11:32  
Contact    Quote!
Any idea if I don't buy the right issue shares how many %age will be cut from my holding...

ysh2006      ( Date: 24-Jul-2023 05:29) Posted:

If I don't buy the right shares how many %age company will cut my original shareholding ?

ysh2006      ( Date: 23-Jul-2023 18:16) Posted:

Have not buy right shares but the market price already 26% lesser than right price already...how leh


 
 
stevenongtalk     24-Jul-2023 08:41  
Contact    Quote!
is a family business, u should know what i mean
 
 
Seventy     24-Jul-2023 07:57  
Contact    Quote!
Isnt it amazing that after Hyflux, Noble, Ezion. Swiber etc collapsed, this company is still around?
 

 
ysh2006     24-Jul-2023 05:29  
Contact    Quote!
If I don't buy the right shares how many %age company will cut my original shareholding ?

ysh2006      ( Date: 23-Jul-2023 18:16) Posted:

Have not buy right shares but the market price already 26% lesser than right price already...how leh ?

ysh2006      ( Date: 23-Jul-2023 11:21) Posted:

With so many shares after right issue how it make money and pay dividend leh


 
 
ysh2006     23-Jul-2023 18:16  
Contact    Quote!
Have not buy right shares but the market price already 26% lesser than right price already...how leh ?

ysh2006      ( Date: 23-Jul-2023 11:21) Posted:

With so many shares after right issue how it make money and pay dividend leh

ysh2006      ( Date: 22-Jul-2023 16:59) Posted:

Supposed similar name in fire protection service lah...now seldom see it already...maybe give few fire extinguishers


 
 
ysh2006     23-Jul-2023 11:21  
Contact    Quote!
With so many shares after right issue how it make money and pay dividend leh

ysh2006      ( Date: 22-Jul-2023 16:59) Posted:

Supposed similar name in fire protection service lah...now seldom see it already...maybe give few fire extinguishers ?

vicloo      ( Date: 22-Jul-2023 12:36) Posted:

And seems Asiatic is popular is supporting local channel 8 sponsorship. I recalled seeing "asiatic" at the end of drama and TV shows many times


 
 
ysh2006     23-Jul-2023 04:51  
Contact    Quote!
They issue right sent to shareholder in a small envelope no return stamp need to pay by us.or use Sgx paynow but some don't know how to use how....?
 
 
ysh2006     22-Jul-2023 16:59  
Contact    Quote!
Supposed similar name in fire protection service lah...now seldom see it already...maybe give few fire extinguishers ?

vicloo      ( Date: 22-Jul-2023 12:36) Posted:

And seems Asiatic is popular is supporting local channel 8 sponsorship. I recalled seeing "asiatic" at the end of drama and TV shows many times.

hschsc      ( Date: 22-Jul-2023 07:27) Posted:

unable to give any dividen for many years


 

 
vicloo     22-Jul-2023 12:36  
Contact    Quote!
And seems Asiatic is popular is supporting local channel 8 sponsorship. I recalled seeing "asiatic" at the end of drama and TV shows many times.

hschsc      ( Date: 22-Jul-2023 07:27) Posted:

unable to give any dividen for many years.

vicloo      ( Date: 22-Jul-2023 06:43) Posted:

Risks on renewable and green energy business, it is great in having environmental names but not easy to make money.


 
 
hschsc     22-Jul-2023 07:27  
Contact    Quote!
unable to give any dividen for many years.

vicloo      ( Date: 22-Jul-2023 06:43) Posted:

Risks on renewable and green energy business, it is great in having environmental names but not easy to make money.

Joelton      ( Date: 10-May-2023 09:28) Posted:

Asiatic Group secures white knight rescue of troubled biomass venture from Etagreen Management
Asiatic Group (Holdings) 5CR -25% has reached an agreement with white knight Etagreen Management to dispose of all of its 30% shareholdings in biomass venture Maju Intan Biomass Energy (MJE).
 
The disposal of MJE to Etagreen has been made at a nominal consideration of RM10.00 ($2.98), for the financial support of approximately RM34.5 million.
 
More than 10 years ago, Asiatic provided a corporate guarantee to assist MJE in obtaining financing for the construction of its biomass plant. The biomass plant had been unprofitable and Asiatic had written off all its investments in the plant from its books.
 
However, attempts to restructure the biomass plant&rsquo s debts failed and Asiatic was called to repay approximately RM122.2 million in July 2022. The amount was reduced to RM54.5 million, including estimated costs of about RM2 million, following a settlement reached between creditor Maybank and the appointed receiver.
 
On April 1, Asiatic announced that it was in " the final stage of discussion" with an unnamed white knight to take over MJE, which owns the Maju Intan Biomass Power Plant in Perak, Malaysia.
 
However, it said that it would first need " significant financial assistance" to make good on its guarantee and secure a " clean exit" from MJE.
 
Under the white knight rescue deal secured by Asiatic on May 8, Asiatic will now have to repay approximately 35% of the settlement sum or a reduced amount of RM19.5 million including its share of costs, while Etagreen will set aside RM34.5 million for costs and repayment to Maybank.
 
Etagreen is in the green environmental regeneration space and processes palm biomass to be used as fuel in power plants to produce green electricity. It has leased the power plant from MJE&rsquo s receivers.
 
Asiatic will recognize a one-time expense of RM19.5 million and fund its share of payments from the proceeds of a proposed rights issue announced on March 31 and internal resources.
 
The group is proposing a rights issue of 13 rights shares for every 10 existing ordinary shares to raise proceeds of $3.3 million to $6.1 million, depending on the level of subscription by shareholders.
 
Any shortfall will be financed by its positive cash flow from operations and unutilised borrowings currently available to Asiatic.
 
Asiatic&rsquo s managing director Tan Boon Kheng and director of one of Asiatic&rsquo s subsidiaries Tan Boon Yew have personally paid an aggregate amount of RM500,000 as part of the settlement.
 
Says managing director Tan: &ldquo Despite improving profitability at our fire protection solutions business in recent years, our share price continues to trade way below its book value. When completed, our exit from the Maju Intan Biomass Power Plant will reduce our contingent liabilities and improve our financial position.&rdquo
 
&ldquo We will strive to take more strategic beneficial actions for the group to unlock value for shareholders,&rdquo he adds.
 
Following this white knight agreement, Asiatic says the agreement will strengthen its financial position and allow the group to refocus managerial attention and resources on its core firefighting and protection business which is profitable and has a track record of generating positive cash flow.
 
Asiatic is working with a project partner to participate in the development of a fire intelligence and smart control system that can incorporate its existing fire protection solutions as part of an overall smart control of mechanical and electrical systems in buildings, to achieve energy savings.
 
After its sale of the MJE biomass plant, Asiatic will be left with only one remaining active power plant, located in the Phnom Penh Special Economic Zone in Cambodia.
 
The group says it is reviewing its options and future plans for this remaining energy asset.


 
 
vicloo     22-Jul-2023 06:43  
Contact    Quote!
Risks on renewable and green energy business, it is great in having environmental names but not easy to make money.

Joelton      ( Date: 10-May-2023 09:28) Posted:

Asiatic Group secures white knight rescue of troubled biomass venture from Etagreen Management
Asiatic Group (Holdings) 5CR -25% has reached an agreement with white knight Etagreen Management to dispose of all of its 30% shareholdings in biomass venture Maju Intan Biomass Energy (MJE).
 
The disposal of MJE to Etagreen has been made at a nominal consideration of RM10.00 ($2.98), for the financial support of approximately RM34.5 million.
 
More than 10 years ago, Asiatic provided a corporate guarantee to assist MJE in obtaining financing for the construction of its biomass plant. The biomass plant had been unprofitable and Asiatic had written off all its investments in the plant from its books.
 
However, attempts to restructure the biomass plant&rsquo s debts failed and Asiatic was called to repay approximately RM122.2 million in July 2022. The amount was reduced to RM54.5 million, including estimated costs of about RM2 million, following a settlement reached between creditor Maybank and the appointed receiver.
 
On April 1, Asiatic announced that it was in " the final stage of discussion" with an unnamed white knight to take over MJE, which owns the Maju Intan Biomass Power Plant in Perak, Malaysia.
 
However, it said that it would first need " significant financial assistance" to make good on its guarantee and secure a " clean exit" from MJE.
 
Under the white knight rescue deal secured by Asiatic on May 8, Asiatic will now have to repay approximately 35% of the settlement sum or a reduced amount of RM19.5 million including its share of costs, while Etagreen will set aside RM34.5 million for costs and repayment to Maybank.
 
Etagreen is in the green environmental regeneration space and processes palm biomass to be used as fuel in power plants to produce green electricity. It has leased the power plant from MJE&rsquo s receivers.
 
Asiatic will recognize a one-time expense of RM19.5 million and fund its share of payments from the proceeds of a proposed rights issue announced on March 31 and internal resources.
 
The group is proposing a rights issue of 13 rights shares for every 10 existing ordinary shares to raise proceeds of $3.3 million to $6.1 million, depending on the level of subscription by shareholders.
 
Any shortfall will be financed by its positive cash flow from operations and unutilised borrowings currently available to Asiatic.
 
Asiatic&rsquo s managing director Tan Boon Kheng and director of one of Asiatic&rsquo s subsidiaries Tan Boon Yew have personally paid an aggregate amount of RM500,000 as part of the settlement.
 
Says managing director Tan: &ldquo Despite improving profitability at our fire protection solutions business in recent years, our share price continues to trade way below its book value. When completed, our exit from the Maju Intan Biomass Power Plant will reduce our contingent liabilities and improve our financial position.&rdquo
 
&ldquo We will strive to take more strategic beneficial actions for the group to unlock value for shareholders,&rdquo he adds.
 
Following this white knight agreement, Asiatic says the agreement will strengthen its financial position and allow the group to refocus managerial attention and resources on its core firefighting and protection business which is profitable and has a track record of generating positive cash flow.
 
Asiatic is working with a project partner to participate in the development of a fire intelligence and smart control system that can incorporate its existing fire protection solutions as part of an overall smart control of mechanical and electrical systems in buildings, to achieve energy savings.
 
After its sale of the MJE biomass plant, Asiatic will be left with only one remaining active power plant, located in the Phnom Penh Special Economic Zone in Cambodia.
 
The group says it is reviewing its options and future plans for this remaining energy asset.

 
 
ysh2006     22-Jul-2023 05:32  
Contact    Quote!
After right issue share might drop below 2 pips ?

hschsc      ( Date: 21-Jul-2023 20:45) Posted:

Such a huge number of rights! 2.2 Billion ! 

ysh2006      ( Date: 21-Jul-2023 19:40) Posted:

Let see those SSH buy the amount of tons right shares allocated to them... .


 
 
hschsc     21-Jul-2023 20:45  
Contact    Quote!
Such a huge number of rights! 2.2 Billion ! 

ysh2006      ( Date: 21-Jul-2023 19:40) Posted:

Let see those SSH buy the amount of tons right shares allocated to them... .

ysh2006      ( Date: 21-Jul-2023 19:15) Posted:

They reply to share holder queries them saying not aware Sgx might consider suspend it share trading claiming everything is in order no problem. All legal issues try and can settle one.


 
Important: Please read our Terms and Conditions and Privacy Policy .