WELL less than 14 days latter, NEX G Bhd, itselfs, has gone an extra mile to prove why it has become such a claustrophobic company for the Government to deal with.
CONSIDER the following, NEXG Bhd has spend its entire cash as at 31 March 2025, VIEW : of RM75.89 million to acquire a stake in the worthless Classita Bhd from Hong Seng Consolidated Bhd.
READ : NexG Bhd pumps in RM76 million into Hong Seng Consolidated by taking Classita Bhd off its hands .
SURE , READ : had RM134 million additional cash coming in via its private placement exercise ,off which the company has already VIEW : spend RM28 million to buy a factory from one of John Soh Chee Wen's boys.
BASICALLY, from the RM106 million remaining, NEXG has about RM50 million in cash borrowing, leaving the company with a paltry RM50 odd million for expansion.
THE amount itself, should tell you, NEXG already knows its head is going to be chopped off by Anwar Ibrahim's Madani Government.
