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KUALA LUMPUR: Reneuco Bhd's interim restraining order (RO) has lapsed as the group prepares for a court hearing on Aug 27 for temporary creditor protection, pending a decision on its broader debt restructuring application.
In a filing with Bursa Malaysia today, the company said the interim RO, granted under Section 368(1A) of the Companies Act 2016, expired on July 21, two months after the initial application was filed on May 21.
Syndicate plays traders out... try to make it look good.. what i wrote is a simple analysis of the health of reneuco fm compny announcements put together to see the flow of way forward for reneuco . Seems still struggling financially.. just highlighting main points
Wong... what rubbish u re talking? Why u angry? Are u part of syndicate lobbyist? Hahaa or what?
Its all facts what the compay is undergoing now?
Dont u agree last Q ended 31 Mac 25.. the comp loss RM66.698m ? And facing with court cases ? True or false
Trading is like gambling... hope and hope. Its wrong. Y must hve knowledge and do not be emo. Syndicates just want to lure us traders into unchartered territory and without gps. Trade smartly and adjust entering exit smartly and calculative. Do not follow others. Use own judgement and trading skill to profit
Tak payah la ko nak ckp byk, suka hati dia org la, kamu ingat kamu satria saham ke nak tunjuk hebat, klau dia org rugi dia org punya pasal la. Serupa burung gagak bising je si m kfood ni.
U re not a trader AH... y re toxic... we talk and views trading stocks and no emo or attacking personality. Whats u point in discussing our ways of trading. How? We as traders do not want to be a sitting ducks... syndicates are snipers and full of manipulative moves. Trading of course each individual rite and decisions. But do not be fool of manipulative and shams games by some. Help others to see things and own decisions. No big deal. We can learn fm each other expriences in trading . Learning curve in trading infinity.
AH So what do u anticipate or expected the future of this coy bz months ahead? Whats ur say as u see as a trader. Ur assessement and risks of this stock?
Its good to see ur views on the stock health...
bangsat dan orang sampah punya M kfood,cuba menpengaruh investor,cakap banyak,tapi semua sampah,busuklah hatinya.memang dia ni tak tahu apa erti dosa,cuba bohong saje!
disclaimer of opinion was issued in respect of the financial period in view of Messrs JAP unable
to obtain sufficient appropriate evidence regarding their scope of work. As such, the management has discussed and agreed with Messrs JAP to perform the necessary audit procedures in advance before the upcoming financial year end audit.
Still having issues on audit outcome. How to move then??
Dia org nak beli ke nak jual ke hak dia org la, ko ni asyik bising kat sini buat ape m kfood, u ingat u hebat ke. kalo hebat pergi buka kelas satria saham kat fb, x yah ckp byk kat sini. Kepala ketum
To educate AH for stupidity and naive . Some ppl are just followers ... history footprints SD and KPower ( now reneuco) left many traders poorer . Its facts. 29 Aug 25 atc330 pm Agm ... see how then this stock sentiments then. Trouble is financial debt still obstacles ... financial institutions shy away... tough time high risk high gain games.
nobody needs you mkfood to educate, everyone knows your evil heart and intentions, your intention is just to frighten those who naived and stupid to sell only
Dah merajuk m kfood ni, aku x beli lg pon tapi kalau org lain nak beli itu hak dan duit dia org, tapi ko nak tunjuk ko ni pandai ke ape? kalau aku nak beli pon itu hak aku, klu aku rugi pun itu duit aku bukan duit kamu m kfood.
Ahmad, dia takut you beli skrg la,sebab dia Banyak cakap, dia ingat semua orang bodoh punya,dia ingat org tak tahu apa niat jahat dia,dosalah mkfood ini, Banyak busuk hatinya
While Reneuco is actively working toward a PN17 exit through its court-supervised restructuring, the timeline remains uncertain. Let see some data sheets. The company's ability to exit PN17 soon depends on:
1. Successful creditor approval of the scheme of arrangement.
2. Resolution of the SIRIM Bhd winding-up petition.
3. Meeting Bursa Malaysia's regularisation requirements within the stipulated timeframe.
Investors should monitor the company's announcements for updates on the scheme's progress and creditor meetings . Historical data shows that PN17 exits can take several years, and not all companies succeed .
Negative Technical and Sentiment Indicators**
- **Technical Analysis**: Multiple platforms rate the stock as a **"Strong Sell"** based on moving averages and momentum indicators.
- **Bearish Market Sentiment**: The stock is described as a "bad long-term investment" with potential for further devaluation.