Delayed effect from friday's closing news...largest and say some impact nia...

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The Company wishes to inform that Koperasi Wawasan Pekerja-Pekerja Berhad (“KOWAJA”) has on 26 November 2010 advised that they will not be making any further loan disbursements from 1 December 2010 onwards. KOWAJA is currently the largest borrower of RCE Marketing Sdn Bhd (“RCEM”), a wholly-owned subsidiary of RCEM, and provides personal loans to its members (who are primarily in the civil service) via an on-lending arrangement in relation to the funds borrowed from RCEM.

Following enquiries made by RCEM, KOWAJA has informed that they have been requested to submit a plan to Suruhanjaya Koperasi Malaysia (“SKM”) for complete endorsement of KOWAJA’s compliance with SKM’s applicable guidelines. Until such endorsement, KOWAJA will temporarily cease disbursement of loans from 1 December 2010 onwards.

At the same time, KOWAJA has given its assurance that all loans disbursed up to 30 November 2010 will continue to be serviced via the regular collection mechanism. RCEM has also not observed any disruptions in the same. Meanwhile, KOWAJA is working closely with SKM towards an expedient resolution of the temporary disruption in their operations.

As such, the Company does not expect the above to have any material financial impact to the group in relation to the current financial year ending 31 March 2011 and on its ability to meet interest and principal payments in respect of its existing debt obligations.

However, if KOWAJA’s loan disbursements are curtailed in a prolonged manner, there may be some impact on the group’s future profitability in the longer-term.

We will keep the market informed as and when there are further material developments on the above.

This announcement is dated 26 November 2010.

i like the tropicana orange juice but i dont know if should buy the stock too .

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Added on December 3, 2010, 12:20 pmbtw, any kstar shareholders here ?

This post has been edited by GregPG01: Dec 3 2010, 12:20 PM

agreement with pepsi . ha -> 30 June 2020 .

harry can order a Kobe beef steak from japan lio .

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Added on December 3, 2010, 12:41 pmi think you gonna have more than 30 stocks soon lio . correct kah ?

This post has been edited by GregPG01: Dec 3 2010, 12:41 PM

deep deep DEEP long kang stock = kstar . . also consumer stock mah .

pana thanks. i am not drinking another tropicana.

ooo. . buy and keep ?

looking at adjusted chart, on 07/07/2009 bjtoto
open 4.32
high 4.32
low 4.225
so assuming you buy at high 4.32 high . current price 4.18 , so you lost rm0.14 per share. hope this helps.

there is even a rights issue after that which i assume you didnt do anything ...

This post has been edited by GregPG01: Dec 3 2010, 04:16 PM

analysis . wah . mind sharing which bomoh this time . thanks .

By Annalyn Censky, staff reporterDecember 3, 2010: 8:44 AM ET NEW YORK (CNNMoney.com) -- The economy continued to add jobs last month, but at a much slower pace than expected, while the unemployment rate rose to 9.8%.

no 1 talking about kencana raising more monies ? dilutions , dilutions , dilutions ...

all hyper on drb lio ?

i assume ksl has a technical breakout today.

very low till IB give duit kesian for call warrant players.

someone wanna sell drb 1.50 . now is your chance .

no news out now does not mean no news.

someone pls tell me the below is not a concern...dont know what to buy, so thinking to buy more maybank .

Maybank: Extension for Maybank's sell down. Malayan Banking Bhd (Maybank) has been granted an extension of time for it to fulfill its sell-down requirement and complete the exercise by June 1, 2011 in respect of its stake in PT Bank Internasional Indonesia (BII). Maybank may request for further extension if the sell-down exercise would result in it incurring a potential loss in excess of 10% of its original value of BII acquisition, preferably two weeks before June 1, 2011. (Source: The Star)

more impairment loses in the coming quarters ?

ok, thanks...so they buy high last time and now required by indo sc to sell lower . has all the impairment being priced in the previous quarters ? or more will be coming ?

this morning was t+3 from the earlier +0.10 last week. so if morning strong, i dont think noon can be too bad.