舉債來投資 MEGAN 值得嗎 ? （八）

origen

八年brother，这个决定不是精明的，但也不是低劣的，因为还是赚钱.
虽然帐会难收点。
从个人微小的生意经验说。

soon_808

Megan 新消息：

7101    MEGAN    MEGAN MEDIA HOLDINGS BHD  
Change in Boardroom  

Date of Change: 03/05/2007
Type of Change: RESIGNATION
Designation: DIRECTOR
Directorate: Exec
Name: Alice Kuek Ai-Lee
Age: 46
Country:   
Nationality: Singaporean

Qualifications:
M.B.A., majored in Finance, San Francisco State University, U.S.A. BSC.,
majored in Finance and International Business, University of Texas, Austin,
U.S.A.

Working Experience and Occupation:
Ms. Alice is currently the Chief Executive Officer of MJC (Singapore) Pte. Ltd.
("MJC"). She was a corporate finance manager of Inter-Capital Investment Pte.
Ltd. prior to joining MJC in 1991


Directorship of public companies (if any):
Nil


Family relationship with any director and/or major shareholder of the listed issuer:
Nil


Details of any interest in the securities of the listed issuer or its subsidiaries:
80,000 ordinary shares of RM1.00 each in Megan Media Holdings Berhad

夞仔

n accordance with PN 1/2001, Megan MediaHoldings Berhad ("MMHB or "the Company") wishes to announce that itssubsidiaries, Memory Tech Sdn Bhd ("MTSB") and MJC (Singapore) Pte Ltd("MJC"), have defaulted on maturing trade facilities amounting toRM47,362,332.46. Introduction
On 27 April 2007, MTSB and MJC ("theBorrowers") were unable to meet these debt obligations and by 30thApril 2007, it was established that further impending maturities arealso unlikely to be paid.
1. Reason for default.
MTSB and MJC are experiencingfinancial difficulties as a result of constraints on its current cashflow from its operations which are insufficient to service and repayamounts due to lenders. Principally, this has been due to anexceptional build-up of its trade debtors.
2. Measures taken to address the default.
The Company has appointed a suitablyqualified Deputy CEO and specialist advisory team to support aninvestigation into the underlying causes of default and, if necessary,to formulate and initiate a comprehensive debt restructuring process.This will likely entail meetings with regulatory authorities, lendinginstitutions, rating agencies, trustees and other relevant parties aswell as appointment of an appropriate investment bank, accounting andlegal firms to facilitate the due process.
3. Financial and legal implications in respect of the default in the payments.
These defaults are only justunfolding and the lenders have not called an event of default. Thecompany will be advising all Lending Institutions on the currentsituation and the proposed course of action.
4. In the event the default is inrespect of secured loan stocks or bonds, the lines of action availableto guarantors or security holders against the listed issuer.
Not applicable.
5. In the event the default is inrespect of payments under a debenture, to specify whether the defaultwill empower the debenture holder to appoint a receiver or a receiverand manager.
Not applicable.
6. Whether the default in paymentconstitutes an event of default under a different agreement forindebtedness (cross default and the details thereon, where applicable).
The defaults could constitute atechnical default on banking facilities granted by other lenders to theGroup. This is presently being assessed by the Company in consultationwith their lawyers.

7. Declaration of Solvency

Based on standard accountingprinciples and practices, the Company remains in a state of solvency.However, the Company shall consult its auditors for further inputsprior to providing a Solvency Declaration within 3 business days fromthe date of this announcement. At this early stage of enquiry andinvestigation, it is difficult to be conclusive on this issue.

By order of the Board
This announcement is dated 4 May 2007.

soon_808

这个又是什么事呢？

7101    MEGAN    MEGAN MEDIA HOLDINGS BHD  
ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 1/2001  

ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 1/2001
In accordance with PN 1/2001, Megan Media Holdings Berhad ("MMHB or "the
Company" wishes to announce that its subsidiaries, Memory Tech Sdn Bhd
("MTSB" and MJC (Singapore) Pte Ltd (“MJC”), have defaulted on maturing trade
facilities amounting to RM47,362,332.46.

Introduction
On 27 April 2007, MTSB and MJC (“the Borrowers”) were unable to meet these debt

obligations and by 30th April 2007, it was established that further impending
maturities are also unlikely to be paid.

1. Reason for default.
MTSB and MJC are experiencing financial difficulties as a result of constraints

on its current cash flow from its operations which are insufficient to service
and repay amounts due to lenders. Principally, this has been due to an
exceptional build-up of its trade debtors.

2. Measures taken to address the default.
The Company has appointed a suitably qualified Deputy CEO and specialist
advisory team to support an investigation into the underlying causes of default

and, if necessary, to formulate and initiate a comprehensive debt restructuring

process. This will likely entail meetings with regulatory authorities, lending
institutions, rating agencies, trustees and other relevant parties as well as
appointment of an appropriate investment bank, accounting and legal firms to
facilitate the due process.

3. Financial and legal implications in respect of the default in the payments.
These defaults are only just unfolding and the lenders have not called an event

of default. The company will be advising all Lending Institutions on the
current situation and the proposed course of action.

4. In the event the default is in respect of secured loan stocks or bonds, the
lines of action available to guarantors or security holders against the listed
issuer.
Not applicable.

5. In the event the default is in respect of payments under a debenture, to
specify whether the default will empower the debenture holder to appoint a
receiver or a receiver and manager.
Not applicable.

6. Whether the default in payment constitutes an event of default under a
different agreement for indebtedness (cross default and the details thereon,
where applicable).
The defaults could constitute a technical default on banking facilities granted

by other lenders to the Group. This is presently being assessed by the Company
in consultation with their lawyers.

7. Declaration of Solvency
Based on standard accounting principles and practices, the Company remains in a

state of solvency. However, the Company shall consult its auditors for further
inputs prior to providing a Solvency Declaration within 3 business days from
the date of this announcement. At this early stage of enquiry and
investigation, it is difficult to be conclusive on this issue.

zeex100

Megan 最新announcement....

General Announcement
Reference No CM-070504-49528  
Company Name : MEGAN MEDIA HOLDINGS BERHAD  
Stock Name  : MEGAN
Date Announced : 04/05/2007


   
Type : Announcement
Subject : ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 1/2001

Contents :

In accordance with PN 1/2001, Megan Media Holdings Berhad ("MMHB or "the Company") wishes to announce that its subsidiaries, Memory Tech Sdn Bhd ("MTSB") and MJC (Singapore) Pte Ltd ("MJC"), have defaulted on maturing trade facilities amounting to RM47,362,332.46.


Introduction

On 27 April 2007, MTSB and MJC ("the Borrowers") were unable to meet these debt obligations and by 30th April 2007, it was established that further impending maturities are also unlikely to be paid.


1. Reason for default.

MTSB and MJC are experiencing financial difficulties as a result of constraints on its current cash flow from its operations which are insufficient to service and repay amounts due to lenders. Principally, this has been due to an exceptional build-up of its trade debtors.


2. Measures taken to address the default.

The Company has appointed a suitably qualified Deputy CEO and specialist advisory team to support an investigation into the underlying causes of default and, if necessary, to formulate and initiate a comprehensive debt restructuring process. This will likely entail meetings with regulatory authorities, lending institutions, rating agencies, trustees and other relevant parties as well as appointment of an appropriate investment bank, accounting and legal firms to facilitate the due process.


3. Financial and legal implications in respect of the default in the payments.

These defaults are only just unfolding and the lenders have not called an event of default. The company will be advising all Lending Institutions on the current situation and the proposed course of action.


4. In the event the default is in respect of secured loan stocks or bonds, the lines of action available to guarantors or security holders against the listed issuer.

Not applicable.


5. In the event the default is in respect of payments under a debenture, to specify whether the default will empower the debenture holder to appoint a receiver or a receiver and manager.

Not applicable.


6. Whether the default in payment constitutes an event of default under a different agreement for indebtedness (cross default and the details thereon, where applicable).

The defaults could constitute a technical default on banking facilities granted by other lenders to the Group. This is presently being assessed by the Company in consultation with their lawyers.





7. Declaration of Solvency


Based on standard accounting principles and practices, the Company remains in a state of solvency. However, the Company shall consult its auditors for further inputs prior to providing a Solvency Declaration within 3 business days from the date of this announcement. At this early stage of enquiry and investigation, it is difficult to be conclusive on this issue.



By order of the Board

This announcement is dated 4 May 2007.



Change in Boardroom
Reference No CM-070504-47754  
Company Name : MEGAN MEDIA HOLDINGS BERHAD  
Stock Name  : MEGAN
Date Announced : 04/05/2007


Date of change : 03/05/2007  
Type of change : Resignation
Designation : Director
Directorate : Executive
Name : Alice Kuek Ai-Lee
Age : 46
Nationality : Singaporean
Qualifications : M.B.A., majored in Finance, San Francisco State University, U.S.A. BSC., majored in Finance and International Business, University of Texas, Austin, U.S.A.
Working experience and occupation  : Ms. Alice is currently the Chief Executive Officer of MJC (Singapore) Pte. Ltd. ("MJC"). She was a corporate finance manager of Inter-Capital Investment Pte. Ltd. prior to joining MJC in 1991
Directorship of public companies (if any) : Nil
Family relationship with any director and/or major shareholder of the listed issuer : Nil
Details of any interest in the securities of the listed issuer or its subsidiaries

amdfan

Megan完蛋?

zeex100

不好意思。 进来时楼上还没发贴。。

若冉

请问下，那位可以解释下？

bluecandc

PN1,这是不是表示‘啦也’了？

2x2

  那.................. 有誰可以安慰下我...

怎麼一下子搞出那麼大獲新聞......

jackphang

刚刚看到这则消息，证明了现金流是个重要的指标。没有了血液，身体如何能够生存？

p/s:MJC (SG) CEO也引咎辞职了。

[ 本帖最后由 jackphang 于 4-5-2007 08:35 PM 编辑 ]

MY1

原帖由 若冉 于 4-5-2007 08:18 PM 发表


请问下，那位可以解释下？

小问题啦，只是没有现钱还债而已。

不知道霉干有这么长命等到大牛来吗？

zeex100

PN1 = Default in payment..没钱还到期的债。

是不是要骗人的票？？那未免太绝了。

若冉

那么。。。星期1.。。。

jackphang

原帖由 MY1 于 4-5-2007 08:32 PM 发表


小问题啦，只是没有现钱还债而已。

不知道霉干有这么长命等到大牛来吗？

可能的解决方法：
1。债务重组－debtor变成shareholder.
2。Issue更多的shares来还债

后续：
1。islamic bond rating downgrade
2。supplier避免megan

Mr.Business

哇，好恐怖的消息！
＂trade facilities amounting to RM47,362,332.46.＂是指Megan的Trades Payable或Current Liability?
在31/1/2007，MEGAN的Total Current Liabilities是RM467261K，分别是：
Borrowings RM412360K
Amount Due to Directors RM201K
Trade payables RM31163K
Other payables and accruals RM23420K
Provision for taxation RM117K

而Current Borrowings (RM412360K)是以下借贷组成的：
Banks Overdrafts (unsecured) RM3807K
Bills Payables (unsecured) RM333641K
Hire Purchase and Finance Lease Liabilities RM9K
Islamic Bond RM40000K
Terms Loan (unsecured) RM34903K

origen

消息大约是指头MJC和memory两间子公司因为欠债客户太大造成现金流动困难，所以违约了３０。４。２００７到期的融资便利。接下来将到期的融资便利也不能支付。现时的CEO已经辞职 ，公司指派新的CEO会安排调查问题和重新组织债务问题。贷款人还没采取行动。在现时的情况，MEGAN如同破产，不过还不是绝对的。
真的是天大坏消息，刚刚才和八年brother说不是低劣的决定，就出现这个问题。HA HA！


[ 本帖最后由 origen 于 4-5-2007 09:13 PM 编辑 ]

阿来

再等会吧，8k 大大会说好话的

Mr.Business

哈。我就知道你会来说说话。

MY1

7. Declaration of Solvency
Based on standard accounting principles and practices, the Company remains in a state of solvency. However, the Company shall consult its auditors for further inputs prior to providing a Solvency Declaration within 3 business days from the date of this announcement. At this early stage of enquiry and investigation, it is difficult to be conclusive on this issue.

如果3天后的结果是Insolvency, 霉干可能会宣布破产。

不知道星期一会跌停板开市吗？