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MIRACH from $0.315 go $0.435...WOW...RISE OF 13cen
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Joelton
Supreme |
10-Oct-2020 12:28
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Mirach Energy gets 3-month extension to submit delisting proposal
MIRACH Energy has been granted three months more to submit an exit-offer proposal to the Singapore Exchange (SGX), its board announced on Friday.
This comes as certain shareholders have expressed their intention to collectively make an exit offer to all the other shareholders of the company.
The process will therefore require the following:
&bull The appointment of financial advisers and legal advisers by the potential offerors
&bull The establishment of a Singapore company for carrying out the exit offer by the potential offerors
&bull The application to the Securities Industry Council for certain waivers under the code on takeover and mergers
&bull The preparation of the relevant documents to undertake the exit offer.
With a majority or all of the potential offerors currently residing outside Singapore, they are unable to travel here due to border restrictions, said the group.
Based on the company' s submissions and representations, SGX had granted Mirach Energy the extension. The company will provide an update when there is further clarity on the exit offer.
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Thi654321ABCDEF
Master |
04-Jul-2020 22:46
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now days most of the penny cannot present reports , cannot conduct meetings , suspending
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Joelton
Supreme |
04-Jul-2020 22:42
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Acra rejects BDO' s application to resign as Mirach Energy' s auditor
THE Accounting and Corporate Regulatory Authority (Acra) has rejected BDO' s application to resign as auditor of Mirach Energy and the latter' s wholly-owned subsidiary Mirach HP Management.
BDO' s duties as an auditor for both companies will continue until the end of the term for which BDO has been appointed.
In a regulatory update on Friday, watch-listed investment group Mirach Energy said BDO received a letter from Acra on July 2, stating that the application was rejected.
" The premature resignation of an auditor of a public interest company or their subsidiaries is a serious matter due to the public interest implications involved," Acra stated.
Acra added it was " not satisfied" that the reasons submitted constitute exceptional circumstances to justify the premature resignation.
Mirach Energy said its board is assessing the impact of the rejection and will discuss further with BDO and other professionals to seek an appropriate course of action.
According to a June 24 regulatory filing giving notice of BDO' s resignation, the auditor stated that the reason for the resignation was due to a disagreement between Mirach Energy' s management and BDO on the accounting treatment for key audit matters relating to an agricultural project of Mirach Energy' s Malaysia subsidiary, RCL.
The key audit matters include RCL' s revenue recognition the recovery of related trade receivables arising from revenue recognised from RCL as well as a going concern assessment after these two matters have been resolved.
In the same June 24 filing, Mirach Energy and BDO both agreed that the latter would resign as auditors of the company and Mirach HP Management. The announcement came after Mirach Energy' s audit for fiscal 2019 was temporarily put on hold.
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Joelton
Supreme |
27-Apr-2020 09:40
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Mirach Energy WATCH-LISTED investment group Mirach Energy now has until May 15 to release the annual report and until June 29 to hold its annual general meeting, after an extension from the bourse, the board said on Saturday.
Mirach said it could not issue its report by the original deadline of April 15, as movement control measures in Malaysia affected the audit of its principal plantation-operator subsidiary.
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Demostation
Supreme |
01-Dec-2015 10:54
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Now all energy stocks are recovering, so this one should follow soon. Those who sell, better don' t sell too low as your loss will be great and hard to make back. Lol. I am waiting for action first...
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Huatsweeswee
Master |
04-Nov-2015 22:04
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This share perform the worst in sgx. Buy n sell like the same person. Oil price up this share down, oil price down this share chiong very fast down. I hold at high price after consolidation thought it will chiong up. Who knows oil price down this share chiong very fast down n down n down. Until no volume.
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Huatsweeswee
Master |
16-Oct-2015 21:13
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Today got some volume. Some BBs Collect when share being thrown to buyer
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hotokee
Master |
02-Oct-2015 13:55
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Dis high frequency counter of yesteryears, nowadays is very quiet after its consolidation of 10 shares into one share. Remembered that way back in 2013 and 2014, this baby was even trading in mid cap ranges even before consolidation, if I remembered correctly. If we compare the prices those times, its equivalent price is a staggering $2 to $5 per share, now trading below $1. Those who have been keeping it long term, really suffered dehydration of their capital, sad story alot in our local bourse. |
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Huatsweeswee
Master |
17-Jul-2015 21:03
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Do u think will up to 50cent next week
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appleronaldo
Veteran |
16-Jul-2015 10:17
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MIRACH from $0.315 go $0.435...WOW...RISE OF 13cen |
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