@he tuan tan, there was a dbt on december 14th around 30m plus shares at 0.077, no announcement was made about this so looking at the selling figures i think it is this dbt that got force sell as the price went to 3.5. This 30m+ is mustakim’s shares n it is pledged, u can see thus amount in their AR 2022

...Feb 9): Reneuco Bhd, whose latest annual report saw a disclaimer of opinion by its external auditor, said its special independent review (SIR) found that the sales transactions and costs with identified customers and suppliers “were sufficiently supported” by relevant documentation.

The SIR, conducted by Messrs UHY FLVS Sdn Bhd, also “received confirmation from the respective parties” for the sales transactions and cost of sales transactions, Reneuco said in its annual report.

see...the auditor games Reneuco..hahaa want fee rise maybe. hahaaaa
The SIR was conducted upon the request of its external auditor Messrs Al Jafree Salihin Kuzaimi PLT, which flagged trade receivables balances of RM321.26 million from July 1, 2019 to June 30, 2023.

...look here.... (Feb 9): Reneuco Bhd, whose latest annual report saw a disclaimer of opinion by its external auditor, said its special independent review (SIR) found that the sales transactions and costs with identified customers and suppliers “were sufficiently supported” by relevant documentation.

The SIR, conducted by Messrs UHY FLVS Sdn Bhd, also “received confirmation from the respective parties” for the sales transactions and cost of sales transactions, Reneuco said in its annual report.

...auditors need to be flagged PN17 then hahaaaaa for fooling around..

Separately, Reneuco also undertook an independent technical review on three hydroelectric projects by KBM Konsult Sdn Bhd, which found that two of them (in Perak and Sabah) demonstrate “strong financial viability” and "reasonable annualised rate of return”.

For the third project, located in Pahang, KBM Konsult said its success “hinges on effective execution”, adding that the project is progressing in accordance

the issues has been long on-going. many red flags early on. most glaring is they change the original financial year from 30 june 23 to 30 sept 23. and the change was made on 30 oct 23 which exactly was the due date to aubmit annual report. now cannot change financial year futher so no choice but need to issue the annual report which turns out with severe issues unveiled.