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141-160 of 166
Yes? and someone selling it to whom everytime he queues. It?s carefully orchestrated. I queue can hardly get at 0.002. He basically buying to keep up with his SSH status now that more than 1.6billion shares issued ?
SmallSmall ( Date: 04-Apr-2024 20:34) Posted:
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I only know Chong Thim Pheng bought 18mil shares at $0.002 2 weeks ago and some interested party bought about 8-10 mil yesterday and today the same party queue to buy 20mil. All at $0.002
I hope am wrong too?
Chansenghoe1971 ( Date: 04-Apr-2024 17:37) Posted:
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I don think so.
HappyBunny ( Date: 04-Apr-2024 15:46) Posted:
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There?s something brewing between Mustaffa and the company directors. Once substantial sum is received, SSH will do RTO and takeover company with loads of cash! Mustaffa Will takeover both the shopping mall and the incomplete tower block above the Mall. That?s my guess. And they?ll drag drag so long as Malaysian currency keeps dropping.
Chansenghoe1971 ( Date: 04-Apr-2024 15:15) Posted:
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Deliberately keeping price down to do RTO for peanuts ?
Chansenghoe1971 ( Date: 04-Apr-2024 15:24) Posted:
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5) boss also buying back shares. So he is putting his money where his mouth is
Chansenghoe1971 ( Date: 04-Apr-2024 15:15) Posted:
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Yes but better than see it suspended right? Positives:
1) Mustafa committed and now need to move ahead
2) JB bustling and new King is Johore Sultan
3) Rinngit drop and Singaporeans love JB and its petrol so much.
4) suspended before and the boss needs to wake up now and no more 2nd chance.
BUT:
Malaysia Truly Asia and Malaysia Boleh lah!
Need to calibrate expectation.
1) Mustafa committed and now need to move ahead
2) JB bustling and new King is Johore Sultan
3) Rinngit drop and Singaporeans love JB and its petrol so much.
4) suspended before and the boss needs to wake up now and no more 2nd chance.
BUT:
Malaysia Truly Asia and Malaysia Boleh lah!
Need to calibrate expectation.
HappyBunny ( Date: 04-Apr-2024 15:08) Posted:
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Loan conversion also seems shady. It wasn?t used at all until this year ..$2million . And soon after, Mustaffa gives another RM 6 million as goodwill. Now also saying going to bring forward construction of the remaining 4 towers and not proceeding with tower 1 cos got outstanding issues with purchasers. All
seems very convenient excuses. SGX should just suspend the company until Dec 24 or any earlier until full payment is received from Mustaffa. Or order forfeiture of the sum.
seems very convenient excuses. SGX should just suspend the company until Dec 24 or any earlier until full payment is received from Mustaffa. Or order forfeiture of the sum.
Chansenghoe1971 ( Date: 04-Apr-2024 14:55) Posted:
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Those were loans issued during the suspension to help the company liquidity. By converting the loan to shares is good because it locked in the shh. The conversion price is reasonable at about 3.1 and some lower.
Should turn corner soon.
Boss got to create liquidity else those stucked with shares from cash may kill him.
So I think this should move up to 3/4
Should turn corner soon.
Boss got to create liquidity else those stucked with shares from cash may kill him.
So I think this should move up to 3/4
HappyBunny ( Date: 04-Apr-2024 12:46) Posted:
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Mustaffa obviously dragging it' s feet. And Capital World Management using situation to own benefit , issuing millions of shares to themselves for job well done. JB property market isn' t going to turn up any time soon until end 2026 when RTS starts running. Mustaffa just chope the site and drag drag drag until then.
SmallSmall ( Date: 03-Apr-2024 22:28) Posted:
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Mustafa got more to lose if the deal falls through.
Conditions not filled yet because of the usual govt red tape.
Conditions not filled yet because of the usual govt red tape.
HappyBunny ( Date: 03-Apr-2024 20:29) Posted:
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Management?s replies to SGX really shows both in cahoots and shareholders taken for a ride.
https://links.sgx.com/1.0.0/corporate-announcements/QU38K2YICCN54GIV/794462_Response%20to%20SGX%20queries.pdf
https://links.sgx.com/1.0.0/corporate-announcements/QU38K2YICCN54GIV/794462_Response%20to%20SGX%20queries.pdf
HappyBunny ( Date: 28-Mar-2024 21:15) Posted:
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Really catch no ball with the announcement. So, by Jun Mustafa will pay. $30million ringgit. And the rest of the money pay when ?? SGX regulators must get to the bottom of this.
S& P with Mustafa becomes unconditional.
A lifeline has been secured finally.
INTERIM MATERIAL UPDATE
Unless otherwise defined, all capitalised terms and references shall bear the same meanings ascribed
to them in the previous announcements made by the Company on 27 January 2023, 16 October 2023,
11 December 2023, 29 December 2023 and 7 February 2024 in relation to the progress on the
completion of the SPA with MK Mustafa and 9 November 2022, 12 June 2023 and 29 December 2023
in relation to the tenancy agreement with MK Mustafa.
The board of directors (the &ldquo Board&rdquo or the &ldquo Directors&rdquo ) of Capital World Limited (the &ldquo Company&rdquo , and
together with its subsidiaries, the &ldquo Group&rdquo ) wishes to provide the following updates:
Progress on the completion of the SPA with MK Mustafa
On 28 March 2024, CCPSB received a letter from MK Mustafa stating that MK Mustafa will waive off
CP (2), CP (3) and CP (4) (&lsquo Waived CPs&rdquo ) as Conditions Precedent of the SPA. With the waiver of CP
(2), CP (3) and CP (4) and the fulfilment of CP (1) and CP (5), the SPA became unconditional.
Notwithstanding that the CPs are waived, MK Mustafa has undertaken to complete the Waived CPs.
Further to the SPA being unconditional, MK Mustafa will pay a sum of RM30,000,000 to CCPSB, on or
before 30 June 2024. To date, MK Mustafa has paid RM80,000,000 to CCPSB and the completion of
the SPA is subject to full payment of purchase consideration by MK Mustafa.
Tenancy agreement with MK Mustafa
In relation to the Waived CPs, the Company has on 28 March 2024 entered into a supplemental letter
with MK Mustafa to postpone the commencement date of the payment of the monthly rental from 1 April
2024 to 1 December 2024.
The Company will update shareholders on the progress of meeting the key milestones as and when
there are material developments.
A lifeline has been secured finally.
INTERIM MATERIAL UPDATE
Unless otherwise defined, all capitalised terms and references shall bear the same meanings ascribed
to them in the previous announcements made by the Company on 27 January 2023, 16 October 2023,
11 December 2023, 29 December 2023 and 7 February 2024 in relation to the progress on the
completion of the SPA with MK Mustafa and 9 November 2022, 12 June 2023 and 29 December 2023
in relation to the tenancy agreement with MK Mustafa.
The board of directors (the &ldquo Board&rdquo or the &ldquo Directors&rdquo ) of Capital World Limited (the &ldquo Company&rdquo , and
together with its subsidiaries, the &ldquo Group&rdquo ) wishes to provide the following updates:
Progress on the completion of the SPA with MK Mustafa
On 28 March 2024, CCPSB received a letter from MK Mustafa stating that MK Mustafa will waive off
CP (2), CP (3) and CP (4) (&lsquo Waived CPs&rdquo ) as Conditions Precedent of the SPA. With the waiver of CP
(2), CP (3) and CP (4) and the fulfilment of CP (1) and CP (5), the SPA became unconditional.
Notwithstanding that the CPs are waived, MK Mustafa has undertaken to complete the Waived CPs.
Further to the SPA being unconditional, MK Mustafa will pay a sum of RM30,000,000 to CCPSB, on or
before 30 June 2024. To date, MK Mustafa has paid RM80,000,000 to CCPSB and the completion of
the SPA is subject to full payment of purchase consideration by MK Mustafa.
Tenancy agreement with MK Mustafa
In relation to the Waived CPs, the Company has on 28 March 2024 entered into a supplemental letter
with MK Mustafa to postpone the commencement date of the payment of the monthly rental from 1 April
2024 to 1 December 2024.
The Company will update shareholders on the progress of meeting the key milestones as and when
there are material developments.
SmallSmall ( Date: 28-Mar-2024 09:09) Posted:
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Chong Thim Pheng Bought 16 mil shares at $0.002 on 20-March 2024 raising his stake from 7.96% to 8.08%
If the S& P with Mustafa can be completed by 31th March 2024 could be godd for the company.
Hopefully no extension to complete
If the S& P with Mustafa can be completed by 31th March 2024 could be godd for the company.
Hopefully no extension to complete
Even before deal is done, the management already exploiting Low price to issue hundreds of millions of shares at 0.003 to 0.005 cents a share! If all who stuck with the company throughout this shambolic period ought to be rewarded, how about the shareholders who have seen nothing but loses since IPO? Even before trading was suspended, many assets changed hands to insiders for peanuts.
Unless management comes out to say how shareholders are going to be rewarded , SGX should investigate this sort of ? milking it while you can? behaviour.
Unless management comes out to say how shareholders are going to be rewarded , SGX should investigate this sort of ? milking it while you can? behaviour.
HappyBunny ( Date: 05-Mar-2024 11:19) Posted:
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31 Mar 2024 deadline looming. Wonder if it will be extended by another 6 mths given that there?s much foot dragging by Malaysian civil servants on approvals.
Mustaffa may release another small some to show ? commitment ? to completion of SPA.
Meanwhile, company should come up with their plans ahead instead of just waiting and waiting and waiting ?
Mustaffa may release another small some to show ? commitment ? to completion of SPA.
Meanwhile, company should come up with their plans ahead instead of just waiting and waiting and waiting ?
Seems to be progressing. Once Mustafa moves in, I believe the worst may be over for this company
Progress on the completion of the SPA with MK Mustafa
The Company refers to its announcement dated 16 October 2023 on the Condition Precedents (&ldquo CP&rdquo ) in the SPA. The Company would like to provide an update on the progress of the CPs. Progress of CPs by the Company On 21 December 2023, CCPSB received the approval letter from the State Authority granting the release of Bumi Plots to Non-Bumi Plots. With the receipt of the approval letter, CCPSB has satisfied CP (1). As per announcement dated 11 December 2023, CCPSB has completed the settlement to APSB pursuant to the SSA. The settlement will assist to facilitate the completion of CP (5).
As per the advice of the Company&rsquo s lawyers, CP (5) is expected to be fulfilled on or before 31 March 2024. This is due to unforeseen delays by the local authorities on the administrative process. Progress of CPs by MK Mustafa As per the announcement dated 16 October 2023, MK Mustafa has completed CP (4). For CP (2) and (3), MK Mustafa&rsquo s lawyer represented that they are expected to be fulfilled on or before 31 March 2024. This is due to unforeseen delays by the local authorities on the administrative process. The completion of the SPA is conditional upon the fulfilment of all the CPs which is currently expected to be on or before 31 March 2024. As per announcement dated 4 August 2023, the Conditional Period stated in the SPA has been extended to 31 March 2024. CCPSB and MK Mustafa have expressed their commitment to complete the SPA on or before 31 March 2024. Tenancy agreement with MK Mustafa The Company refers to its announcement dated 12 June 2023 wherein a supplemental letter was signed between CCPSB and MK Mustafa for the postponement of the commencement date of the payment of the monthly rental to 1 December 2023. On 29 December 2023, a second supplemental letter was signed to postpone the commencement date of the payment of the monthly rental from 1 December 2023 to 1 April 2024 (the &ldquo Postponement&rdquo ) due to the longer than expected renovation period for the enhancement of the Mall interior design (the &ldquo Enhancement&rdquo ). CCPSB agreed to the Postponement as CCPSB will also benefit from the Enhancement. The Company will update shareholders on the progress of meeting the key milestones as and when there are material developments
Progress on the completion of the SPA with MK Mustafa
The Company refers to its announcement dated 16 October 2023 on the Condition Precedents (&ldquo CP&rdquo ) in the SPA. The Company would like to provide an update on the progress of the CPs. Progress of CPs by the Company On 21 December 2023, CCPSB received the approval letter from the State Authority granting the release of Bumi Plots to Non-Bumi Plots. With the receipt of the approval letter, CCPSB has satisfied CP (1). As per announcement dated 11 December 2023, CCPSB has completed the settlement to APSB pursuant to the SSA. The settlement will assist to facilitate the completion of CP (5).
As per the advice of the Company&rsquo s lawyers, CP (5) is expected to be fulfilled on or before 31 March 2024. This is due to unforeseen delays by the local authorities on the administrative process. Progress of CPs by MK Mustafa As per the announcement dated 16 October 2023, MK Mustafa has completed CP (4). For CP (2) and (3), MK Mustafa&rsquo s lawyer represented that they are expected to be fulfilled on or before 31 March 2024. This is due to unforeseen delays by the local authorities on the administrative process. The completion of the SPA is conditional upon the fulfilment of all the CPs which is currently expected to be on or before 31 March 2024. As per announcement dated 4 August 2023, the Conditional Period stated in the SPA has been extended to 31 March 2024. CCPSB and MK Mustafa have expressed their commitment to complete the SPA on or before 31 March 2024. Tenancy agreement with MK Mustafa The Company refers to its announcement dated 12 June 2023 wherein a supplemental letter was signed between CCPSB and MK Mustafa for the postponement of the commencement date of the payment of the monthly rental to 1 December 2023. On 29 December 2023, a second supplemental letter was signed to postpone the commencement date of the payment of the monthly rental from 1 December 2023 to 1 April 2024 (the &ldquo Postponement&rdquo ) due to the longer than expected renovation period for the enhancement of the Mall interior design (the &ldquo Enhancement&rdquo ). CCPSB agreed to the Postponement as CCPSB will also benefit from the Enhancement. The Company will update shareholders on the progress of meeting the key milestones as and when there are material developments
CAPITAL WORLD LIMITED (Incorporated in the Cayman Islands) (Company Registration No.: CT-276295) INTERIM MATERIAL UPDATE Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meanings in the previous announcement dated 10 November 2023. The board of directors (the &ldquo Board&rdquo or the &ldquo Directors&rdquo ) of Capital World Limited (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to provide the following updates: Supplemental settlement agreement between APSB and CCPSB The Company refers to its announcement dated 10 February 2023 wherein CCPSB has entered into a supplemental settlement agreement with APSB (&ldquo SSA&rdquo ) to settle the Settlement Sum in various payment tranches. On 11 December 2023, CCPSB has completed the settlement of the remaining outstanding sum of RM20 million to APSB pursuant to the SSA. This payment will also assist to facilitate the progress and completion of CP no.(5) i.e. the discharge of APSB&rsquo s Charge and the redemption of the Collateral Units from APSB. The Company will update the shareholders on the progress of meeting the key milestones as and when there are material developments. Shareholders are advised to read this announcement and any further announcements by the Company carefully. Shareholders are also advised to refrain from taking any action in respect of their securities in the Company which may be prejudicial to their interests. Shareholders should consult their stockbrokers, bank managers, solicitors or other professional advisors if they have any doubt about the actions they should take. By Order of the Board CAPITAL WORLD LIMITED Hoo Khee Leng Executive Director and Chief Executive Officer 11 December 2023 This document has been reviewed by the Company&rsquo s sponsor, PrimePartners
Johnsnow ( Date: 11-Dec-2023 23:11) Posted:
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