Reported Earnings • Aug 05
Full year 2026 earnings released: RM0.012 loss per share (vs RM0.004 loss in FY 2025) Full year 2026 results: RM0.012 loss per share (further deteriorated from RM0.004 loss in FY 2025). Net loss: RM6.13m (loss widened 268% from FY 2025). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jul 30
Xin Synergy Group Berhad, Annual General Meeting, Sep 11, 2026 Xin Synergy Group Berhad, Annual General Meeting, Sep 11, 2026, at 10:00 Singapore Standard Time. Location: 1045 (1f), jalan muhibah 1, taman perindustrian muhibah, 81400 senai, johor, Malaysia New Risk • May 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -RM11m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-RM11m free cash flow). Earnings have declined by 15% per year over the past 5 years. Minor Risks Revenue is less than US$5m (RM15m revenue, or US$3.7m). Market cap is less than US$100m (RM105.3m market cap, or US$26.5m). Reported Earnings • May 31
Full year 2026 earnings released: RM0.011 loss per share (vs RM0.004 loss in FY 2025) Full year 2026 results: RM0.011 loss per share (further deteriorated from RM0.004 loss in FY 2025). Net loss: RM6.01m (loss widened 263% from FY 2025). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Feb 25
Third quarter 2026 earnings released: RM0.003 loss per share (vs RM0.001 profit in 3Q 2025) Third quarter 2026 results: RM0.003 loss per share (down from RM0.001 profit in 3Q 2025). Net loss: RM1.61m (down 461% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Jan 17
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. Director of JADEM Ganjaran Sdn Bhd Thuan Lee is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 29
Second quarter 2026 earnings released: RM0.001 loss per share (vs RM0.002 loss in 2Q 2025) Second quarter 2026 results: RM0.001 loss per share (improved from RM0.002 loss in 2Q 2025). Net loss: RM514.0k (loss narrowed 55% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Aug 21
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -RM17m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-RM17m free cash flow). Earnings have declined by 13% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Revenue is less than US$5m (RM11m revenue, or US$2.5m). Market cap is less than US$100m (RM136.6m market cap, or US$32.3m). Reported Earnings • Aug 06
Full year 2025 earnings released: RM0.004 loss per share (vs RM0.002 profit in FY 2024) Full year 2025 results: RM0.004 loss per share (down from RM0.002 profit in FY 2024). Revenue: RM24.8m (down 65% from FY 2024). Net loss: RM1.66m (down 282% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Announcement • Jul 30
Xin Synergy Group Berhad, Annual General Meeting, Sep 12, 2025 Xin Synergy Group Berhad, Annual General Meeting, Sep 12, 2025, at 10:00 Singapore Standard Time. Location: 115-02, jalan sutera tanjung 8/2, taman sutera utama, 81300 skudai, johor, Malaysia Announcement • Jun 06
Xin Synergy Group Berhad (KLSE:XIN) completed the acquisition of Medini Marina Sdn Bhd from Harvest Capital Development Sdn Bhd and Big Land Capital Sdn Bhd. Xin Synergy Group Berhad (KLSE:XIN) agreed to acquire Medini Marina Sdn Bhd from Harvest Capital Development Sdn Bhd and Big Land Capital Sdn Bhd for MYR 16.2 million on November 6, 2024. A cash consideration of MYR 2.74 million will be paid by Xin Synergy Group Berhad. The consideration consists of 67.39 million common equity of Xin Synergy Group Berhad at an issue price of MY 0.23 per share having a value of MYR 15.5 million to be issued for common equity of Medini Marina Sdn Bhd. The cash consideration will be fully funded through internally generated funds of Xin Synergy Group Berhad.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders and approval/consents of lenders/creditors. On February 13, 2024, the Bursa Securities approved the listing and quotation of 67.39 million Consideration Shares to be issued pursuant to the Proposed Acquisition. On March 14, 2025, the shareholders of Xin Synergy Group Berhad have approved the deal. On April 24, 2025, all of the conditions precedent in agreement have been fulfilled and the share sale agreement has become unconditional.
RHB Investment Bank has been appointed as the Financial Adviser to Xin Synergy Group Berhad.
Xin Synergy Group Berhad (KLSE:XIN) completed the acquisition of Medini Marina Sdn Bhd from Harvest Capital Development Sdn Bhd and Big Land Capital Sdn Bhd on June 5, 2025. New Risk • Jun 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (RM136.6m market cap, or US$32.3m). Reported Earnings • Jun 03
Full year 2025 earnings released: RM0.003 loss per share (vs RM0.002 profit in FY 2024) Full year 2025 results: RM0.003 loss per share (down from RM0.002 profit in FY 2024). Revenue: RM30.8m (down 56% from FY 2024). Net loss: RM1.64m (down 280% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 02
Third quarter 2025 earnings released: EPS: RM0.001 (vs RM0.014 loss in 3Q 2024) Third quarter 2025 results: EPS: RM0.001 (up from RM0.014 loss in 3Q 2024). Revenue: RM12.3m (up 66% from 3Q 2024). Net income: RM446.0k (up RM6.72m from 3Q 2024). Profit margin: 3.6% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Announcement • Jan 10
Xin Synergy Group Berhad has completed a Follow-on Equity Offering in the amount of MYR 8.982603 million. Xin Synergy Group Berhad has completed a Follow-on Equity Offering in the amount of MYR 8.982603 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,626,900
Price\Range: MYR 0.186
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: MYR 0.1955
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 23,000,000
Price\Range: MYR 0.2055
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 22
Second quarter 2025 earnings released: RM0.002 loss per share (vs RM0.005 loss in 2Q 2024) Second quarter 2025 results: RM0.002 loss per share (improved from RM0.005 loss in 2Q 2024). Revenue: RM2.00m (down 84% from 2Q 2024). Net loss: RM1.15m (loss narrowed 42% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 05
Full year 2024 earnings released: EPS: RM0.002 (vs RM0.095 loss in FY 2023) Full year 2024 results: EPS: RM0.002 (up from RM0.095 loss in FY 2023). Revenue: RM70.6m (up 195% from FY 2023). Net income: RM909.8k (up RM37.1m from FY 2023). Profit margin: 1.3% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • Jul 31
Xin Synergy Group Berhad, Annual General Meeting, Sep 12, 2024 Xin Synergy Group Berhad, Annual General Meeting, Sep 12, 2024, at 10:00 Singapore Standard Time. Location: meeting room 1, level 1, ac hotels by marriott penang, 213, jalan bukit gambir, bukit jambul, 11950 pulau pinang, Malaysia Reported Earnings • Jun 04
Full year 2024 earnings released: RM0.022 loss per share (vs RM0.10 loss in FY 2023) Full year 2024 results: RM0.022 loss per share (improved from RM0.10 loss in FY 2023). Revenue: RM70.6m (up 195% from FY 2023). Net loss: RM4.20m (loss narrowed 89% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Announcement • Jun 01
Jade Marvel Group Berhad Appoints Lim Tze Ming as Chief Financial Officer Jade Marvel Group Berhad appoints LIM TZE MING as Chief Financial Officer. Age 41, Date of change 01 June 2024. Qualifications Professional Qualification Chartered Accountant Malaysian Institute of Accountants (MIA), Professional Qualification Company Secretary Malaysian Association of Company Secretaries, Degree Bachelor Degree of Commerce (Hons) Accounting Universiti Tunku Abdul Rahman. Working experience and occupation Mr. Lim Tze Ming ("Mr. Lim") was attached to public accounting firms prior to joining the Group in 2010. He has vast experience in accounting, tax, audit, finance, corporate finance and budgetary control. Mr. Lim joined the Group as Accountant and subsequently he was promoted to the position of Financial Controller. He was re-designated to General Manager in 2023 where he assists the management in overseeing the planning, development and overall management for the property development of the Group. Board Change • Apr 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Director of JADEM Ganjaran Sdn Bhd Thuan Lee is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Mar 14
Jade Marvel Group Berhad Announces Cessation of Calvin Lau as Independent and Non Executive Member of Risk Committee Jade Marvel Group Berhad announced cessation of Mr. Calvin Lau as Independent and Non Executive Member of Risk Committee. Date of change is March 12, 2024. Age is 32. Composition of Risk Committee(Name and Directorate of members after change): The Company has merged the Audit Committee and the Risk Management Committee into a single committee known as Audit and Risk Management Committee on 13 March 2024. Mr. Calvin Lau ceased as the member of the Risk Management Committee upon his resignation as an Independent Non-Executive Director of the Company on 12 March 2024. Reported Earnings • Feb 20
Third quarter 2024 earnings released: RM0.015 loss per share (vs RM0.008 loss in 3Q 2023) Third quarter 2024 results: RM0.015 loss per share (further deteriorated from RM0.008 loss in 3Q 2023). Revenue: RM7.41m (up 4.1% from 3Q 2023). Net loss: RM6.28m (loss widened 77% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Announcement • Feb 19
Jade Marvel Group Berhad Announces Resignation of Chong Wei Chuan as Managing Director Jade Marvel Group Berhad announced the resignation of Mr. Chong Wei Chuan, aged 35, as Managing Director due to other personal commitments. Date of change is February 19, 2024. New Risk • Dec 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 43% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (4.9% increase in shares outstanding). Market cap is less than US$100m (RM84.4m market cap, or US$18.0m). Announcement • Dec 07
Jade Marvel Group Berhad Announces Resignation of Ng Sew Wai as Chief Financial Officer Jade Marvel Group Berhad announced resignation of Mr. Ng Sew Wai, age 38, male, as Chief Financial Officer. Date of change is 07 December 2023. Reason: To pursue other personal goals. Reported Earnings • Nov 23
Second quarter 2024 earnings released: RM0.005 loss per share (vs RM0.008 loss in 2Q 2023) Second quarter 2024 results: RM0.005 loss per share (improved from RM0.008 loss in 2Q 2023). Revenue: RM12.4m (up 149% from 2Q 2023). Net loss: RM1.98m (loss narrowed 24% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Announcement • Nov 15
Jade Marvel Group Berhad Announces Redesignation of Miss Ng Yeng Yeng from Executive Director to Non Executive Director Effective November 14, 2023 Jade Marvel Group Berhad announced Redesignation of Miss Ng Yeng Yeng. Age: 37; Gender: Female; Nationality: Malaysia; Type of change: Redesignation; Previous Position: Executive Director; New Position: Non Executive Director. Directorate: Non Independent and Non Executive. Date of change: November 14, 2023. Announcement • Sep 08
Jade Marvel Group Berhad Announces Retirement of Datuk Abdul Shukor Bin P A Mohd Sultan as Independent and Non Executive Chairman Jade Marvel Group Berhad announced retirement of Datuk Abdul Shukor Bin P A Mohd Sultan as Independent and Non Executive Chairman. Age is 74. Date of change is September 7, 2023. Announcement • Aug 25
Jade Marvel Group Berhad Appoints Mr. Tan Boon Wooi as Independent and Non Executive Chairman of Audit Committee Jade Marvel Group Berhad announced appointment of MR TAN BOON WOOI as Independent and Non Executive Chairman of Audit Committee. Age is 50. Date of change is 24 Aug. 2023. Composition of Audit Committee (Name and Directorate of members after change) is Mr. Tan Boon Wooi (Chairman, Independent Non-Executive Director); Mr. Calvin Lau (Member, Independent Non-Executive Director); and 3. Ms. Seah Yee Teng (Member, Independent Non-Executive Director). New Risk • Aug 02
New major risk - Revenue and earnings growth Earnings have declined by 7.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Shareholders have been diluted in the past year (33% increase in shares outstanding). Market cap is less than US$100m (RM78.3m market cap, or US$17.2m). Reported Earnings • Aug 02
Full year 2023 earnings released: RM0.10 loss per share (vs RM0.021 profit in FY 2022) Full year 2023 results: RM0.10 loss per share (down from RM0.021 profit in FY 2022). Revenue: RM23.9m (up 7.3% from FY 2022). Net loss: RM37.9m (down RM44.1m from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Jul 23
Jade Marvel Group Berhad Provides Material Litigation Update High Court of Malaya at Penang, Statement of Claim and Writ of Summon No. PA-22NCC-35-11/2019 filed by Nanjing Changjiang Waterway Engineering Bureau against Dato Ir. Goh Nai Kooi @ Gah Mai Kwai and JMR Conglomeration Bhd - Court of Appeal, Civil Appeal No. P-02(IM)(NCC)-1812-09/2022 filed by Nanjing Changjiang Waterway Engineering Bureau against JMR Conglomeration Bhd The company refer to the announcement made by the Company on 15 April 2022, 21 April 2022, 19 May 2022, 16 June 2022, 4 August 2022, 6 September 2022, 20 September 2022, 29 September 2022, 30 December 2022 and 18 January 2023. Pursuant to the case management via e-review on 18 July 2023, the Court’s directions are as follows: - 1. The Appellant shall file Ikatan Khas containing the following by 18 July 2023: i. Notice of Appeal; ii. Notice of Cross Appeal (if any); iii. Memorandum of Appeal; iv. Supplementary/Amended Memorandum of Appeal (if any); and v. Sealed Order/Judgment and Grounds of Judgement. 2. The parties shall serve a hardcopy of all cause papers on the opposing party and the Court by 20 July 2023; and 3. The hearing date on 1 August 2023 is maintained. Announcement • Jun 23
Jade Marvel Group Berhad announced that it expects to receive MYR 80 million in funding from Sycamore Capital SPC Jade Marvel Group Berhad announced that it has entered into an agreement with new investor Sycamore Capital SPC to issue 80,000,000 redeemable convertible preferred shares at an issue price of MYR 1 per share for the gross proceeds of MYR 80,000,000 on June 21, 2023. The redeemable convertible preferred shares are convertible into new ordinary share not exceeding 10% of the enlarged total number of issued shares following the conversion of the RCPS. The company said that it will be issued in 320 equal tranches at any time before the maturity date, which is 36 months from the issue date of its first tranche. The conversion price shall be at 80% of the average closing price on any three consecutive business days as selected by the RCPS holder during the 45 business days immediately preceding the relevant conversion date of the RCPS, subject to the minimum conversion price. On the maturity date, any remaining outstanding RCPS which are not converted into new ordinary shares. New Risk • Jun 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (33% increase in shares outstanding). Revenue is less than US$5m (RM22m revenue, or US$4.9m). Market cap is less than US$100m (RM87.0m market cap, or US$18.9m). Announcement • Jun 01
Jade Marvel Group Berhad Announces the Appointment of Tan Su Hang as Independent and Non Executive Director Jade Marvel Group Berhad announced the appointment of Mr. Tan Su Hang as Independent and Non Executive director. Age: 36. Date of change: 30 May 2023. Working experience and occupation: Mr. Tan Su Hang began his career in 2010 in the banking and finance industry as a Senior Sales and Marketing Executive in Public Bank Berhad. After three years in that position, he was promoted to Assistant Sales and Marketing Manager. In 2016, Mr. Tan was promoted as Business Manager of the Tampoi Branch, where he took on the additional responsibility of assisting the Branch Manager in managing the Credit Department. Subsequently in 2019, he was promoted as the Branch Manager of Kluang Branch. As the head of the branch, he was responsible for managing approximately 70 employees. He oversaw various finance products and services, such as loans and deposits, along with other banking activities. Currently, Mr. Tan has taken on a new role as the General Manager of Atlantic Capital Sdn. Bhd. As the General Manager, he is entrusted with overseeing the company's daily operations, finance-related matters, strategy development, and goal setting. Qualifications: Master in Business Administration - INTI International University - Master Degree; Master of Arts in Management Studies - University of Hertfordshire - Master Degree; and Bachelor of Arts (Hons) in Marketing - University of Hertfordshire - Bachelor Degree. Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Shi Ng was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 27
Jade Marvel Group Berhad Appoints Ng Shi Zhi as Independent and Non Executive Director Jade Marvel Group Berhad appointed Ng Shi Zhi as Independent and Non Executive Director. His age is 39 and nationality is Malaysia. Date of change is 25 May 2023. Qualification: Degree Bachelor of Arts (Finance) from University of Hertfordshire Bachelor Degree. Working experience and occupation: Dato Sri Ng Shi Zhi began his career in 2005 as a Sales and Marketing Executive in conventional banks and a construction company, where he worked until 2008. Following that, he transitioned to another construction company, taking on the role of Business Development Director. In this position, his responsibilities involved trading houses and distributing a wide range of building materials on a large scale. Dato Sri Ng Shi Zhi held this role until 2018. In the meantime, he was also a sole in managing and operating a family-oriented entertainment outlet from 2010 to 2015. In 2016, Dato' Sri Ng with his extensive experience in the construction industry, was appointed as the director of an investment holdings company specialising in real property. Additionally, Dato' Sri Ng also assumed the role of Chief Executive Officer at another company in the real property industry.Currently, he is a director and sole proprietor of a creative graphic design and digital marketing company and also a director and controlling shareholder of a licensed pawn brokerage. Announcement • May 11
Jade Marvel Group Berhad Appoints Loo Hui Yan as Joint Secretary Jade Marvel Group Berhad announced appointment of Loo Hui Yan as Joint Secretary. Date Of Change is 10 May 2023. Reported Earnings • Feb 25
Third quarter 2023 earnings released: RM0.008 loss per share (vs RM0.003 profit in 3Q 2022) Third quarter 2023 results: RM0.008 loss per share (down from RM0.003 profit in 3Q 2022). Revenue: RM7.11m (up 9.0% from 3Q 2022). Net loss: RM3.54m (down 455% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Jan 19
JMR Conglomeration Bhd Announces Update on Material Litigation JMR Conglomeration Bhd announced that Court of Appeal Civil Appeal No. P-02(IM)(NCC)-1812-09/2022 filed by Nanjing Changjiang Waterway Engineering Bureau ("Plaintiff/Appellant") against JMR Conglomeration Bhd ("2nd Defendant/Respondent") The Honourable Court has fixed 1st August 2023 for the Hearing of the above Appeal and parties are directed to file the following documents pursuant to Court of Appeal’s Practice Direction No. 1/2017:- (a) Written Submission and Executive Summary (if any): on or before 2nd July 2023; and (b) Submission in Reply (if any): on or before 17th July 2023; and (c) Common core Bundle (if the Record of Appeal is more than 5 volumes). Announcement • Jan 17
Jade Marvel Group Berhad (KLSE:JADEM) acquired 51% stake in Only Korea (M) Sdn. Bhd. from Lim Tung Yi for MYR 51. Jade Marvel Group Berhad (KLSE:JADEM) agreed to acquire 51% stake in Only Korea (M) Sdn. Bhd. from Lim Tung Yi for MYR 51 on January 16, 2023. The Acquisition and the Joint Venture will be funded via internally generated funds. The Acquisition and the Joint Venture are not subject to the approval of the shareholders of JMGB and any other regulatory authorities.Jade Marvel Group Berhad (KLSE:JADEM) completed the acquisition of 51% stake in Only Korea (M) Sdn. Bhd. from Lim Tung Yi on January 16, 2023. Reported Earnings • Nov 23
Second quarter 2023 earnings released: RM0.008 loss per share (vs RM0 in 2Q 2022) Second quarter 2023 results: RM0.008 loss per share (further deteriorated from RM0 in 2Q 2022). Revenue: RM5.00m (up 12% from 2Q 2022). Net loss: RM2.61m (down RM2.68m from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. 
