^V^ Transmile d falling durian ^V^

^V^
I hv loaded with plenty of bullets after d recent disposal, eyeing n waiting eagerly for tranmil to drop further ^V^

Besides its FA, use common sense to think of d following :

Robert Kuok bought transmil @ avg 7+

Pos Malaysia bought d same also

Capital group increase its stake since 18/05/07 ( see below)

Think as a bizman, if u sell a cake for $3.33, what is yr margin from it ? $3.33 also ?

Do u think Robert kuok n capital group will sit down there do nothing n letting their baby falls like nobody biz ?

D bad n goodies of transmil as below :

***

1. FINDINGS OF SPECIAL AUDIT

On 25 May 2007, MRRM issued a first interim report on its findings, a copy of which was submitted to the Securities Commission following a request by the Securities Commission.

In the interim report, MRRM reported that:

· In the financial year ended 31 December 2006, invoices were issued and recorded for purported services to 20 companies (comprising the 18 companies identified by D&T and 2 additional companies identified by MRRM) totalling RM333 million and representing 30% of the consolidated revenue stated in the unaudited consolidated results announced on 15 February 2007. This may result in an overstatement in the consolidated revenue by RM333 million;

· Based on the unaudited consolidated financial statements as at 31 December 2006, the trade receiveables from the above 20 companies totalled RM236 million; and

· In the course of the special audit, MRRM also noted that in the financial year ended 31 December 2005, invoices were issued and recorded for purported services to 19 companies (including 17 of the 20 referred to above) totalling RM197 million and representing 36% of the audited consolidated revenue of the Company for the financial year ended 31 December 2005. This may result in an overstatement in the consolidated revenue by RM197 million.

For the purposes of illustration based on the above findings, on the assumption that TGB makes full provisions relating to the revenue recorded in respect of the companies mentioned above, the unaudited consolidated profit before taxation of the Company will be reduced by RM333 million for the financial year ended 31 December 2006, from RM207 million profit before taxation to a loss before taxation of RM126 million and the audited consolidated profit before taxation of the Company will be reduced by RM197 million for the financial year ended 31 December 2005 from a profit before taxation of RM120 million to a loss before taxation of RM77 million.

The above illustration of the impact to profit before tax is subject to changes that may arise from the on-going special audit and the statutory audit for the financial year ended 31 December 2006 and does not take into account tax implications.

The special audit by MRRM is still on-going in respect of the financial statements arising from the above.


7000 TRANMIL TRANSMILE GROUP BHD
Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder 36

Name : Capital Group International, Inc.
NRIC/Passport No./Company No. : N/A
Nationality/Country of Incorporation : United States

Address:
333, South Hope Street
55th Floor, Los Angeles
CA 90071, United States of America

Descriptions (Class and Nominal Value):
Ordinary shares of RM1.00 each


Name and Address of Registered Holder:
(Full text of this announcement is available from Bursa Malaysia's website).


Details of Changes

Date of Notice : 23/05/2007

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 18/05/2007 Acquired 1,760,700 10.026
2. 18/05/2007 Acquired 111,000 10.026
3. 18/05/2007 Acquired 860,500 10.026
4. 18/05/2007 Acquired 20,800 10.026
5. 18/05/2007 Acquired 91,400 10.026
6. 18/05/2007 Acquired 50,800 10.026
7. 18/05/2007 Acquired 16,000 10.026
8. 18/05/2007 Acquired 7,300 10.026
9. 18/05/2007 Acquired 31,700 10.026
10. 18/05/2007 Acquired 49,800 10.026
11. 21/05/2007 Acquired 78,100 10.309
12. 21/05/2007 Acquired 1,239,300 10.309


Circumstances by reason of which change has occurred:
Deemed Interest

Nature of Interest:
Indirect

Consideration:



No of Shares Held After Changes:
Direct : 0 shares (0.0000%)
Indirect/Deemed Interest : 25,416,300 shares (9.4100%)
Total : 25,416,300 shares

Remarks:
(Full text of this announcement is available from Bursa Malaysia's website).


Submitted By:
Chua Siew Chuan


30/05/2007 05:34 PM


Ref Code: 20070530CI05203