bullmarket1628 
1936 posts |  Posted by bullmarket1628 > Oct 21, 2021 7:22 AM | Report Abuse
Wow, Superb good news from XOX !!!!!!!
PROPOSED ACQUISITION OF SHARES IN JADI IMAGING HOLDINGS BERHAD ("JADI") ("PROPOSED ACQUISITION")
XOX Bhd
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3202132
Type: Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID: IQL-20102021-00001
Subject: PROPOSED ACQUISITION OF SHARES IN JADI IMAGING HOLDINGS BERHAD ("JADI") ("PROPOSED ACQUISITION")
Query Letter Contents: We refer to your Company’s announcement dated 15 October 2021, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1) The percentage of premium that XOX (Hong Kong) Limited is paying for the controlling stake in Jadi and the price on which such premium was based.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Yours faithfully,
Listing,
Regulation
Cc : Market Surveillance Dept. , Securities Commission (via fax
(Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 15 October 2021.)
Reference is made to the Company’s announcement made on 15 October 2021.
The Board of Directors of XOX Bhd (“XOX” or “the Company’”) wishes to further announce that the purchase consideration of RM46,000,000 or RM0.23 per ordinary share in Jadi Imaging Holdings Berhad (“Jadi”) (“Jadi Shares”), represents the premium of approximately 84% based on the closing price of RM0.125 per Jadi Shares as of 14 October 2021. The premium is arrived at after taking into consideration of followings :
i) the positive outlook as opined by most analysts on the toner and ink market in Asia Pacific, specifically in China which will corelate directly to Jadi’s existing business, as highlighted in Section 4.0 of the Company’s announcement made on 15 October 2021;
ii) The purchase consideration includes a premium on the substantial stake in Jadi which includes its Main Market listing status and the option to appoint a board representative in Jadi; and
iii) XOX strategic business plan is to integrate and launch its proprietary digital market place i.e. BLACK MARKET into Jadi’s newly set up e-commerce platform to leverage on its existing business tie up in China. This will provide an avenue for XOX to expand and launch its BLACK MARKET internationally and into the densely populated and highly IT savvy Chinese market.
This announcement is dated 20 October 2021.
Date Announced: 20 Oct 2021 |
bullmarket1628
1936 posts | Posted by bullmarket1628 > Oct 21, 2021 7:23 AM | Report Abuse Like that Today XOX
going to limit up liao lah !
Today XOX probably will be
opened at=> 0.10 (+0.065) (+185.7 %)
And closed at=> 0.30 (+0.265) (+757.1 %)
Huat ah, Heng ah, Ong ah ! |
goodiewilly
2559 posts | Posted by goodiewilly > Oct 21, 2021 5:42 PM | Report Abuse Down 12.5% ..shit co |
JK22
1753 posts | Posted by JK22 > Oct 21, 2021 11:15 PM | Report Abuse Jadi open market only 0.11 but want to pay 0.23 . Buying a prospect based on most analysts. Is this a College assignment? When spend money with premium , go get something guaranteed . Rm46 mil , put the money in fix deposit or buy MBB or any dividend paying counter, doing nothing also can get more than half a million annual return.
Buying a lost making company. And contributing more lost and expect a limit up ? If good , it would not be losing money for years and at 0.11. I am not bad mouthing here. I still holding a bunch of this good company share but run by incapable and incompetent management. |
GorengGroupFB
182 posts | Posted by GorengGroupFB > Oct 23, 2021 12:35 AM | Report Abuse Hey, I received many PM, please share more info with me. I am noob investor.
Aiyio management is trying to find money, now they move to tecfast, permaju and lambo to search for cash by diluting retailers.
OMG why XOX want to become warrent buffet? Dont understand? please explain.
I thought they are telco? Why did they collect cash and use to goreng goreng?
Any reason or benefit they choose to be warren buffer?
Anyone benefit from their goreng activities?
Who is Chai Woon Ch3t? Can tell me?
Who is Ng Kok H3ng?
Who is Roy Ho Y3w K33?
Why are they so famous? I heard many reports are submitted to MCMC, LHDN, Police, SC and various regulators? Why is it so?
From the above comment, please confirm??
XOX has ended up as warrent buffet in the following stocks
1. Spent RM2.6M to buy M3Tech @ 0.036 average price, now price is 0.05
2. Spent a whoping RM22M to buy MACPIE @ 0.47, now price is 0.08
3. Spent RM39M to buy NEXION technology @ 0.33, now price is 0.23
4. Spent RM30M to buy DGB @ 0.12, now price is 0.06
5. Spent RM44.6M to buy CHeetah@ 1.32, when market price is only 0.30
Total cash spent on buying penny dormant company stocks RM130M BURNT, and channel into pocket.
Isn't that brilliant idea?
Source : Facebook page
https://www.facebook.com/goreng.tipu/posts/106688898222811 |
VenFx
14648 posts | Posted by VenFx > Oct 24, 2021 9:12 AM | Report Abuse Sc should work hand on hand together with Bursa to detect any irregular trading activity and able to defence from syndicated fraud
And corruption to their inner.
See, There are still over 64 suspicious counters which gorenged up to sky and thereon plunged deep in hell, and nonstop right issue.
Why bursa still no alert with this kind of super abnormal, why there is no collaborative approach from both Sc and Bursa.
Sc shud be able to act in lightning strikes not huha to the syndicated HQ office with the sydicators has all left already .
THERE IS NO FOLLOW THROUGH THEN ?
WHY , BY TIME SC ARRIVED ONLY EMPTY OFFICE ? YYY |
