Post Reply
141-160 of 339
oil & gas play soon..
EXTRAS FROM THE AR (published on SGX 15/10/2021) - page 34
Basis for Disclaimer of Opinion
Going concern
As discussed in Note 2(a) to the financial statements, the Group did not generate any revenue for the financial year ended 31 March 2021, incurred a loss after tax and total comprehensive loss of US$293,000 and had net cash used in operating activities of US$70,000 for the financial year ended 31 March 2021. As at 31 March 2021, the Group had a deficit in equity of US$511,000 and net current liabilities of US$523,000. The abovementioned conditions indicate the existence of a material uncertainty which may cast significant doubt about the Group&rsquo s and the Company&rsquo s ability to continue as a going concern.
The viability of the Group&rsquo s and the Company&rsquo s operations to continue as a going concern at least for the next twelve months from the date of the financial statements is dependent on positive cash flows from operations to be generated from a roll-out of a business plan during the financial year beginning 1 April 2021, and completion of the share subscription as set out in Note 22. As at the date of this auditor&rsquo s report, we are unable to obtain sufficient appropriate audit evidence regarding the likely outcome of the Group&rsquo s ability to generate sufficient cash flows from its operations and complete the share subscription to improve working capital position of the Group. We are therefore unable to form a view as to whether the going concern basis of presentation of these financial statements is appropriate.
If the Group and the Company are unable to continue as a going concern, the Group and the Company may be unable to discharge their liabilities in the normal course of business, and adjustments may have to be made to reflect the situation that assets may need to be realised other than in the normal course of business and at amounts which could differ significantly from the amounts at which they are currently recorded in the statements of financial position. In addition, the Group and the Company may have to provide for further liabilities that might arise, and may need to reclassify non-current assets as current assets, respectively. No such adjustments have been made to the financial statements.
Basis for Disclaimer of Opinion
Going concern
As discussed in Note 2(a) to the financial statements, the Group did not generate any revenue for the financial year ended 31 March 2021, incurred a loss after tax and total comprehensive loss of US$293,000 and had net cash used in operating activities of US$70,000 for the financial year ended 31 March 2021. As at 31 March 2021, the Group had a deficit in equity of US$511,000 and net current liabilities of US$523,000. The abovementioned conditions indicate the existence of a material uncertainty which may cast significant doubt about the Group&rsquo s and the Company&rsquo s ability to continue as a going concern.
The viability of the Group&rsquo s and the Company&rsquo s operations to continue as a going concern at least for the next twelve months from the date of the financial statements is dependent on positive cash flows from operations to be generated from a roll-out of a business plan during the financial year beginning 1 April 2021, and completion of the share subscription as set out in Note 22. As at the date of this auditor&rsquo s report, we are unable to obtain sufficient appropriate audit evidence regarding the likely outcome of the Group&rsquo s ability to generate sufficient cash flows from its operations and complete the share subscription to improve working capital position of the Group. We are therefore unable to form a view as to whether the going concern basis of presentation of these financial statements is appropriate.
If the Group and the Company are unable to continue as a going concern, the Group and the Company may be unable to discharge their liabilities in the normal course of business, and adjustments may have to be made to reflect the situation that assets may need to be realised other than in the normal course of business and at amounts which could differ significantly from the amounts at which they are currently recorded in the statements of financial position. In addition, the Group and the Company may have to provide for further liabilities that might arise, and may need to reclassify non-current assets as current assets, respectively. No such adjustments have been made to the financial statements.
spursfan ( Date: 16-Aug-2021 08:15) Posted:
|
ISSUE OF A CONVERTIBLE LOAN NOTE IN THE PRINCIPAL AMOUNT OF S$1.20 MILLION
CONVERTIBLE INTO 380,952,381 NEW ORDINARY SHARES IN THE CAPITAL OF JASPER
INVESTMENTS LIMITED AT A CONVERSION PRICE OF S$0.00315 PER SHARE
TO PROVIDE WORKING CAPITAL FUNDING.....halt also lifted.
still another TH for this stock... let' s see what' s the news this time..
SLLIMJ ( Date: 04-May-2021 15:50) Posted:
|
trading halt anyone know what is the reason?
Any updates on the placements?
Joelton ( Date: 22-Feb-2021 10:51) Posted:
|
still holding this....shd i wait??
About time to go
makdatok ( Date: 23-Feb-2021 07:41) Posted:
|
Wish theres e gap up :))
If BB wants to fry up like other placements ...then possible...let' s see
makdatok ( Date: 22-Feb-2021 13:45) Posted:
|
Can past 10 or not
Bought at 5 n 6..hope good call
Bought some at 0.005 already to tikam..
Contratrader ( Date: 22-Feb-2021 12:38) Posted:
|
Looks like train just starting to move...
Looks like $0.006 would be cleared at 1pm looking at the buy sell queues now 12:36
Joelton ( Date: 22-Feb-2021 10:51) Posted:
|
Jasper Investments to raise $2.2 mil through proposed subscription of 811.1 mil new shares
Jasper Investments is seeking to raise $2.19 million through a proposed subscription of 811.1 million new ordinary shares at an issue price of 0.27 cents per share.
The company, on Feb 20, entered into a subscription agreement with Riau Capital Resources for the issue and allotment of 811.1 million shares in the capital of the company.
Riau Capital Resources is a private company limited by shares incorporated in Singapore. It is solely owned by Bambang Sugeng bin Kajairi.
The subscription is not underwritten and no placement agent will be appointed.
Following the subscription, Riau Capital Resources will own a 15.7% stake in the enlarged capital in Jasper Investments.
The issue price represents a 10% discount to the volume weighted average price (VWAP) of 0.3 cents for shares in Jasper Investments on Feb 18 being the last full day of trade before the signing of the agreement.
The consideration of $2.19 million will be paid in two parts.
Riau Capital Resources will first pay a non-refundable deposit of $200,000 within three weeks from the date of the announcement. It will pay the remaining balance by two business days before the completion of the subscription.
New Lease of life.....
PROPOSED SUBSCRIPTION OF 811,111,111 NEW ORDINARY SHARES IN THE CAPITAL OF JASPER INVESTMENTS LIMITED (THE &ldquo SUBSCRIPTION SHARES&rdquo ) AT S$0.0027 FOR EACH SUBSCRIPTION SHARE TO RAISE GROSS PROCEEDS OF S$2,190,000
Mr. Bambang Sugeng Bin 2 Kajairi, holding 100% of the issued and paid-up share capital of the Subscriber. Established to undertake businesses and investments into projects involving, among others, the trading, supply and transportation of construction materials and aggregates regionally, the Subscriber reached out for an introduction to the Company to discuss potential co-operation and referrals from the Subscriber in the marine logistics and transportation sector after having noted that the Company&rsquo s business involves such sector. The discussions led to the proposal by the Subscriber to subscribe for the Subscription Shares in order to provide the requisite funding to the Company to meet its working capital and other funding requirements as noted in Paragraph 5 below. The Subscriber has entered into the Subscription Agreement for investment purposes and has represented to the Company that it is subscribing for the Subscription Shares for its own account and that the Subscriber is not holding the Subscription Shares in trust or as nominee for other persons.
PROPOSED SUBSCRIPTION OF 811,111,111 NEW ORDINARY SHARES IN THE CAPITAL OF JASPER INVESTMENTS LIMITED (THE &ldquo SUBSCRIPTION SHARES&rdquo ) AT S$0.0027 FOR EACH SUBSCRIPTION SHARE TO RAISE GROSS PROCEEDS OF S$2,190,000
Mr. Bambang Sugeng Bin 2 Kajairi, holding 100% of the issued and paid-up share capital of the Subscriber. Established to undertake businesses and investments into projects involving, among others, the trading, supply and transportation of construction materials and aggregates regionally, the Subscriber reached out for an introduction to the Company to discuss potential co-operation and referrals from the Subscriber in the marine logistics and transportation sector after having noted that the Company&rsquo s business involves such sector. The discussions led to the proposal by the Subscriber to subscribe for the Subscription Shares in order to provide the requisite funding to the Company to meet its working capital and other funding requirements as noted in Paragraph 5 below. The Subscriber has entered into the Subscription Agreement for investment purposes and has represented to the Company that it is subscribing for the Subscription Shares for its own account and that the Subscriber is not holding the Subscription Shares in trust or as nominee for other persons.
halted. potential rto?
so any good news yet 
bishalnb ( Date: 17-Dec-2020 09:51) Posted:
|
only the 13 buyers win today.. if they not greedy should have made a decent kopi money.. dont anyhow push without catalsyts.. later people chase and get stuck..