Magnus Energy   

Latest News Magnus Energy

The Company wishes to inform its shareholders that further to the Previous Announcements, and in line with Rule 1304(1) of the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ) Listing Manual Section B: Rules of Catalist (&ldquo Catalist Rules&rdquo ), the Company has been requested to submit a proposal through its Sponsor to the SGX-ST with a view of resuming trading in the Company&rsquo s shares (the &ldquo Resumption Proposal&rdquo ) by 15 October 2020. The Resumption Proposal must, among others, (a) substantiate and address issues pertaining to the business viability and going concern of the Group, and (b) address all concerns that led to the suspension of the Shares, including but not limited to the issues raised in the Provenance Report. The Board and the Company&rsquo s Sponsor will also be required to provide their respective opinions as to whether trading of the Company&rsquo s shares should be suspended pursuant to Rule 1303(3) of the Catalist Rules and the basis for such opinion(s). The Board and key management will, in discussion with its Sponsor, work towards addressing all the relevant issues needed for the submission of the Resumption Proposal in a timely manner. The Board will make further updates if there are any further material developments with regards to the Resumption Proposal or where necessary. 

 

All super penny goreng

 

Any change of Rebooting this Year ?
 

 

something is brewing...

 

The best is ... It can't drop further, right?

Lmfao.

explosive2013      ( Date: 05-Aug-2017 09:02) Posted: If hit 0.10 tgen is 10000% return. Buy at 0.001 and sell at 0.002. 100% return..

 

What happened? 

 

If hit 0.10 tgen is 10000% return.
Buy at 0.001 and sell at 0.002. 100% return..

 

when will this move ah? Pennies all fly liao...this one still hibernating.

 

when will this hit 10c?

 

WELL DONE!

 

​ Who did that  is very 

15:34:25

0.002

101100

 

Let it die let it die Scam counter

 

" for S$1 from the subsidiary' s founder and other existing shareholders,"



 

HB8289      ( Date: 19-May-2017 12:49) Posted: WOW! Still got money to buy??? Magnus buys additional 21.3% stake in indebted unit Flagship Thursday, May 18, 2017 - 08:25 by KENNETH LIM[email protected]@KennethLimBT MAGNUS Energy Group has bought an additional 21.3 per cent stake in loss-making and indebted waste management subsidiary Flagship Ecosystem for S$1 from the subsidiary' s founder and other existing shareholders. Flagship lost S$0.74 million in the year ended March 31, 2017, and was sitting on net liabilities of S$0.21 million, including S$0.13 million owed to selling founder Vernon Khoo Tiam Hock. As part of the deal, Mr Khoo is forgiving half, or about $65,000, of the debt owed to him. The acquisition, which will raise Magnus' s stake in Flagship to 81.3 per cent from 60 per cent, will reduce Magnus' s net asset value by S$40,000. Magnus made its initial investment of S$1 million in Flagship in 2015. The target sales pipeline of US$5.8 million given at that time has not materialised due to a scaling back of oilfield activities in Indonesia, Magnus said. As a result, Magnus' s initial investment has been depleted.       The company said it continues to look for sales opportunities, including possible tie-ups to provide waste management services in Singapore.

 

Hope the movement si sustainable 

 

WOW!
Still got money to buy???

 

Still long way to go la boss. Algae plant project not even 1 year old. Still need more projects to come in. 0.001 is a good price to enter, lowest risk. Even if consol also no need scared. Mentally already loss my money in Magnus.

HB8289      ( Date: 28-Mar-2017 22:08) Posted: Look like this counter lost confidence level close at 200k for grab @ 0.001 2,001.8   steven1976      ( Date: 20-Mar-2017 11:05) Posted: I am curious too. If someone bought over those share, are they main shareholder liao?

 

Ah long?

ifallgoeswell      ( Date: 27-Apr-2017 20:06) Posted: The board of directors (the ?Board? or the ?Directors?) of Magnus Energy Group Ltd. (the ?Company? and together with its subsidiaries, the ?Group?) wishes to announce that the Company has on [date] entered into the following loan agreements: (a) loan between the Company and Seet Chor Hoon (?Lender 1?), for the provision of an unsecured loan to the Company in the aggregate sum of S$500,000 (?Loan 1?)(?Loan Agreement 1?) and (b) loan between the Company and Luke Ho Khee Yong (?Lender 2?) for the provision of an unsecured loan to the Company in the sum of S$150,000 (?Loan 2?)(?Loan Agreement 2?).

 

The board of directors (the ?Board? or the ?Directors?) of Magnus Energy Group Ltd. (the ?Company? and together with its subsidiaries, the ?Group?) wishes to announce that the Company has on [date] entered into the following loan agreements:

(a) loan between the Company and Seet Chor Hoon (?Lender 1?), for the provision of an unsecured loan to the Company in the aggregate sum of S$500,000 (?Loan 1?)(?Loan Agreement 1?) and

(b) loan between the Company and Luke Ho Khee Yong (?Lender 2?) for the provision of an unsecured loan to the Company in the sum of S$150,000 (?Loan 2?)(?Loan Agreement 2?).

 

Look like this counter lost confidence level close at 200k for grab @ 0.001

2,001.8

steven1976      ( Date: 20-Mar-2017 11:05) Posted: I am curious too. If someone bought over those share, are they main shareholder liao?

 

Look like more faith   bulding up