Xox n Alipay of ant group involved in blockchain , should be promising :)

Local investors are a step closer to accessing a new breed of digital tokens issued by local start-ups and early-stage companies.

On Oct 28, the Securities Commission Malaysia’s (SC) revised Guidelines on Digital Assets came into force and applications were open for licences to operate initial exchange offering (IEO) platforms. The guidelines were issued on Jan 15 this year. According to industry players, there has been keen interest to participate in the new investment space.

IEO operators play a similar role to investment banks, in that they will act as the adviser, book runner and underwriter for start-ups and companies that wish to raise up to RM100 million (in 12 months) for innovative blockchain projects through the issuance of digital tokens. These tokens are defined as “securities” by the SC.

An increasing number of listed companies are moving into the blockchain and digital token space, and these include MyEG Services Bhd and AirAsia Group Bhd. In 2018, MyEG inked a memorandum of understanding — via its associate company in the Philippines, I-Pay MyEG Philippines Inc — with Cagayan Economic Zone Authority, to operate a payment gateway for cryptocurrency exchanges in the country.

Tan Sri Tony Fernandes, co-founder and CEO of AirAsia Group, announced in 2017 that he wanted to turn frequent flyer points into a cryptocurrency (or digital token) known as BigCoin. But there have been no updates regarding the initiative.

In Malaysia, two out of the three digital asset exchange (DAX) operators — entities licensed by the SC to operate an electronic platform for the trading of digital tokens (bitcoin, ether, litecoin and ripple) — have expressed their interest in applying for IEO operator licences.

Equity crowdfunding platform pitchIN will also apply for a licence, according to Kashminder Singh, its co-founder and chief strategy officer.

Edmund Yong, co-founder of boutique blockchain consultancy firm Celebrus Advisory, says various technology start-ups and companies have been enquiring about becoming an IEO operator recently.
$$$$€¥¥
XOX in pact with Alipay Labs to offer blockchain solutions in ...
xox and alipay from www.nst.com.my
26 Aug 2020 — KUALA LUMPUR: XOX Bhd has formed a strategic collaboration with Alipay Labs (Singapore) Pte Ltd, ...
Imagewww.theedgemarkets.com › article
XOX up, most active after announcing Alipay Labs deal ...
xox and alipay from www.theedgemarkets.com
27 Aug 2020 — Yesterday, XOX said in a statement to Bursa that Alipay Labs is an affiliate company of Ant Group Co ...
Imagewww.msn.com › money › topstories
XOX up, most active after announcing Alipay deal
27 Aug 2020 — Yesterday, XOX said in a statement to Bursa that Alipay Labs is an affiliate company of Ant Group Co ...
Imagewww.pressreader.com › malaysia
XOX TEAMS UP WITH ALIPAY LABS - PressReader
27 Aug 2020 — XOX TEAMS UP WITH ALIPAY LABS. Firms sign deal to offer blockchain-based solutions in Asia Pacific

Ada news mau release selepas lunch hour kut

Ya lah 15-20sen tak mustahil selepas konfirm bonus warrant c tomorrow. Hold your. Xox share tightly

Probably ant group dah jadi new substantial shareholder ke?

The largest shareholder of xox obtained it :)

Key Alliance: Secures exclusive deal to distribute Wells Bio's Covid-19 diagnostic kits in Malaysia, Singapore. Key Alliance Group has secured an exclusive agreement with South Korean company Wells Bio Inc, through its global distributor ITDF Co Ltd, which will allow it to supply Wells Bio's reverse transcription polymerase chain reaction (RT PCR) test kits to Malaysia and Singapore. "This contract is renewable on a yearly basis automatically, providing exclusivity of the product in Malaysia and Singapore," Key Alliance said. (The Edge)

Xox - TOP 10 INVESTORS (AS OF LATEST FILING)
INVESTOR NAME % O/S POSITION (M Shares) POSITION CHG (M) VALUE(M USD) FILING DATE FILING SOURCE
Key Alliance Group Bhd 12.40 386.90 39.00 9.32 20-Oct-2020 Other Substantial/Declarable
Tam (Ping Kuen Daniel) 5.87 183.00 183.00 11.43 12-Aug-2020 Other Substantial/Declarable
Chai (Woon Chet) 5.86 182.83 30.00 4.40 01-Oct-2020 Other Substantial/Declarable
Choo (Wai Kit) 0.61 18.90 10.80 0.18 31-Dec-2019 Other Substantial/Declarable
Ng (Kok Heng) 0.55 17.24 0.00 0.17 31-Dec-2019 Malaysia Insider
Choong (Kean Leang) 0.55 17.21 17.21 0.17 31-Dec-2019 Other Substantial/Declarable
Wong (Ah Yong) 0.48 14.90 1.70 0.15 31-Dec-2019 Other Substantial/Declarable
Mara Incorporated Sdn Bhd 0.37 11.56 0.00 0.11 31-Dec-2019 Other Substantial/Declarable
Sim (Kian Seng) 0.29 9.00 0.00 0.09 31-Dec-2019 Other Substantial/Declarable
Cheong (Ho Leng) 0.28 8.64

Date Close Volume
08/12/2020 0.105 45,479,700
07/12/2020 0.105 436,164,500
04/12/2020 0.105 33,368,800
03/12/2020 0.105 68,167,000
02/12/2020 0.105 116,808,800
01/12/2020 0.11 46,011,200
30/11/2020 0.105 44,831,600
27/11/2020 0.11 152,161,500
26/11/2020 0.11 125,518,200
25/11/2020 0.11 17,043,700
24/11/2020 0.11 110,921,300
23/11/2020 0.115 48,964,500
20/11/2020 0.115 17,486,300
19/11/2020 0.115 110,642,300
18/11/2020 0.115 79,850,600
17/11/2020 0.125 60,315,900
16/11/2020 0.135 67,059,400
13/11/2020 0.125 34,280,600

Kenangan sedikit, sahih :)

PRESS RELEASE
For Immediate Release
XOX and Wetek signed partnership agreement to provide micro financing to Malaysians.
XOX Media Sdn. Bhd., a wholly owned subsidiary of XOX Berhad today signed a Partnership Agreement with Wetek Technology (M) Sdn Bhd to provide micro financing services to its 2.2million subscribers. This service will be extended to individuals and small businesses who lack access to conventional banking and related services by populating XOX’s eWallet for usage in XOX Digital Marketplace.
Wetek has operation in Vietnam and aims to be the market leader of micro financing in
Southeast Asia. For the Malaysian market, Wetek budgets RM1 billion to finance low income Malaysian.
Globally In 2018, the microfinance industry has serviced 139.9 million borrowers and 65% of microfinance borrowers live in rural areas where traditional banking and lending is difficult or impossible. This industry has been growing at an annual rate of 11.5% over the past few years and projected to reach USD 146.8 billion by 2021. (reference by Microfinance Barometer 2019)
Micro financing is a good strategy to populate eWallet with funds especially in the challenging environment of eWallet adoption nationwide. Once eWallet subscribers has money in the ewallet they can perform transaction through XOX Digital ecology.
"We are pleased to be in partnership with XOX who can provide access to a very good initial market segment of their subscribers. XOX also has strong infrastructure in its dealership channels and technology to grow the relatively unserved market in Malaysia. This is a huge opportunity for Wetek." Mr. Howard Leung Hao, Director of Wetek.
XOX believe that this partnership will provide a vital component in the XOX eWallet ecology enabling subscribers to participate in the new normal of touchless and online economy. XOX is committed to promote digitisation among subscribers to enhance auto top up, Fintech, entrepreneurship and eCommerce. Together with the Group’s insurance offerings the microfinancing business is in line with the group's concerted effort to move into proper Fintech business to create additional revenue streams.
XOX intend to launch the microfinancing services to all Malaysians in the near future.
####

PRESS RELEASE
For Immediate Release
About XOX Mobile
XOX MOBILE, is an innovative company that strives to provide continuous digital solutions to its consumers. The award-winning telco has re-define the industry by innovating products in parallel to technology advancement. XOX is committed to expand locally and globally catering segmented target audience as well as promoting digital lifestyle to Malaysians.

:)

OTHERS XOX BHD - PARTNERSHIP AGREEMENT WITH WETEK TECHNOLOGY (M) SDN BHD
XOX BHD

Type Announcement
Subject OTHERS
Description
XOX BHD - PARTNERSHIP AGREEMENT WITH WETEK TECHNOLOGY (M) SDN BHD
The Board of Directors (“Board”) of XOX Bhd (“XOX” or the “Company”) wishes to inform that XOX Media Sdn Bhd, a wholly-owned subsidiary of the Company, had on 16 July 2020 entered into a 40/60 profit sharing on financing Partnership Agreement (“Agreement”) with Wetek Technology (M) Sdn Bhd (“WTSB”) for the proposed collaboration to offer micro-financing facilities to XOX’s subscribers and general public to enhance the adoption of e-Wallet and ultimately give impoverised people an opportunity to become self-sufficient (“Collaboration”).



WTSB was incorporated in Malaysia as a private limited company which primarily involved in the business of information technology service activities.



Pursuant to the Agreement, XOX will provide the e-Wallet platform to facilitate and enhance the adoption of e-Wallet by the subscribers by using the micro-financing facilities from WTSB. Whereas, WTSB will provide the financing of approximately RM1 billion and credit rating algorithm facilities to XOX’s subscribers and general public.



The Agreement shall commence on 16 July 2020 and shall remain to be valid for a period of 1 year from the date hereof, and may be further extended by mutual agreement in writing of by WTSB and XOX Media (collectively as “Parties”). The Agreement shall be terminated by a notice in writing by any party for whatever reason governing the terms and conditions of this Agreement.



The Agreement will not have any effects on the share capital and shareholding structure of the Company and is not expected to have any material immediate effect on the earnings per share, net assets per share and gearing of XOX for the financial year ending 30 September 2020.



Similar to all business entities, the risk factors affecting the execution of the Agreement, including but not limited to business risks such as prudent financial management, changes in political, economic and regulatory conditions. However, the Board will continue to exercise due care in considering the risks associated with the Agreement and will take appropriate measures in planning the successful execution of the Agreement.



The Agreement being incurred in the ordinary course of business, is not subject to the approval of the shareholders.



None of the Directors and/or other major shareholders of the Company and/ or any persons connected to them have any interest, direct or indirect, in relation to the Agreement.



The Board, after due consideration, is of the opinion that the Agreement is in the best interest of the Group.



This announcement is dated 16 July 2020.

BRIEF-Xox Bhd Says Unit Entered Into 40/60 Profit Sharing On Financing Partnership Agreement With Wetek Technology
July 16 (Reuters) - XOX Bhd XOXB.KL :
* UNIT ENTERED INTO 40/60 PROFIT SHARING ON FINANCING
PARTNERSHIP
AGREEMENT WITH WETEK TECHNOLOGY SDN
* AGREEMENT FOR PROPOSED COLLABORATION TO OFFER
MICRO-FINANCING
FACILITIES TO XOX'S SUBSCRIBERS AND GENERAL PUBLIC

Source text for Eikon: urn:newsml:reuters.com:*:nKLS82P6Lr
Further company coverage: XOXB.KL

Very good for xox :)


Wetek aims for RM2bil funding for business owners in Southeast Asia
By Sharen Kaur
July 22, 2020 @ 4:10pm

Wetek director Howard Leung Hao said the company was expanding its micro-financing venture to become a market leader in the region.

Wetek director Howard Leung Hao said the company was expanding its micro-financing venture to become a market leader in the region.
KUALA LUMPUR: Wetek Technology (M) Sdn Bhd, which has a money-lending licence for micro-financing in Malaysia, aims to provide about RM2 billion financing to entrepreneurs and small business owners in Southeast Asia.

Its director Howard Leung Hao said the company was expanding its micro-financing venture to become a market leader in the region.


Last week, Wetek signed an agreement with XOX Bhd, which has an e-wallet licence, to provide up to RM1 billion micro-financing to the latter's 2.2 million subscribers in Malaysia.

Elon Musk's electric-car company said on Tuesday that it has signed up 10 banks to sell its common shares "from time to time" in an "at-the-market" or follow-on offering.

All these will lead to digital bank licence application in conjunction with ant group later kut :)

£££&&&&&& for remembrance, recent news

Wetek Technology (M) Sdn Bhd (Wetek) plans to ride on its money-lending licence in Malaysia to tap the huge potential for micro-financing in Southeast Asia.

The company is looking to provide micro-financing in partnership with XOX Bhd (XOX) to entrepreneurs and small business owners in Southeast Asia in the amount of RM2 billion, reported the New Straits Times (NST) today.





Wetek already has an existing partnership in place with XOX. Last week Wetek signed an agreement with XOX to ride on the latter’s e-wallet licence, and provide micro-financing in the amount of RM1 billion to XOX’s 2.2 million subscribers in Malaysia.

In a statement, Wetek Director Howard Leung Hao said the company is expanding its micro-financing venture to become a market leader in the Southeast Asian region.

He said globally, the microfinance industry had serviced 139.9 million borrowers in 2018, and 65 per cent of microfinance borrowers live in rural areas where traditional banking and lending is difficult or impossible.


Wetek Director, Howard Leung
According to Microfinance Barometer 2019, this industry has been growing at an annual rate of 11.5 per cent over the past few years and projected to reach US$146.8 billion by 2021.

The NST quoted Leung Hao who said that since the announcement last week on the RM1 billion micro-financing venture, both Wetek and XOX have received a number of enquiries from existing XOX subscribers and small business owners about their micro-financing plan.

On why Wetek wants to expand in Southeast Asia, Leung Hao said the market is hugely under served in the region.

He said there are a lot of small business owners who require funding to keep their business afloat and with the Covid-19 pandemic, more and more businesses are finding it harder to obtain loans from banks.


Wetek Director,Liang Zeng
According to the article, the two existing directors of Wetek – Leung Hao and Liang Zeng – have been providing micro-financing in China and Hong Kong for over 10 years.

They have been doing this together with their local partners in China and Hong Kong and they have been very successful.

Both Leung Hao and Liang Zeng have strong credentials and are well known in the market in China and Hong Kong.

Leung Hao is the chairman and chief executive officer (CEO) of Brilliant (Hong Kong) Holdings Ltd and Liang Zeng is an internet entrepreneur and venture capitalist.

In Malaysia, Wetek and XOX are targeting entrepreneurs and small business owners in rural and non-rural areas, who are existing customers of XOX.

Hopefully the current RM1 billion is fully taken up as both Wetek and XOX are already gearing up to launch a second tranche.

Leung Hao said in the NST article that for the micro-financing business in Southeast Asia and Malaysia, they will tap into their coffers or issue shares in the company to fund the business and expand.

Meanwhile, XOX’s subscribers is also said to be growing on a day-to-day basis and it could exceed four million by the end of this year.

The company has undertaken several initiatives and invested a huge sum to grow its subscriber base and attract new customers.

GENERAL MEETINGS: Notice of Meeting

XOX BHD

Type of Meeting Extraordinary
Indicator Notice of Meeting
Description Notice of Extraordinary General Meeting ("EGM")

The EGM will be conducted fully virtual at the Broadcast Venue, the members are advised to refer to the Administrative Guide on the registration and voting process for the said meeting.
Date of Meeting 10 Dec 2020
Time 11:00 AM

Forgive him, he was just released from tanjung rambutan hahaha

@kavidharan89 haloo..U never fail even a single day to make fun of people here..I wonder what u get from all this..hahaha
08/12/2020 6:30 PM

XOX Bhd is a Malaysia based company involved in telecom business sector. The company is an investment holding company. The product line of this company includes onemusic, season pass, onexox, and voopee. It has branches and service center’s located throughout Peninsular Malaysia and East Malaysia. The ONEXOX plan offers fourth-generation (4G) prepaid Internet service in Australia, Canada, China, Hong Kong, Indonesia, Singapore, Taiwan, Thailand, the United Kingdom and the United States.

Warrant B 8.5sen now, warrant c nanti also 8.5sen upon trading? :)

Free bonus warrant C to be approved this Thursday ada egm

~10m shares so early

More interesting:)

In a statement, the stock exchange regulator said the expanded framework would result in market makers having greater flexibility to quote prices and respond to market demands.

KUALA LUMPUR: Bursa Malaysia Bhd has expanded its market-making framework in an effort to increase market efficiency and promote liquidity and depth.

In a statement, the stock exchange regulator said the expanded framework would result in market makers having greater flexibility to quote prices and respond to market demands.

“Market-makers are an integral part of the ecosystem, improving market efficiency and providing greater liquidity, especially for less traded and less liquid stocks.

“As such, we believe this expansion will further enhance the attractiveness and competitiveness of the capital market, thereby enticing more investors and market participants, ” it added.

With the new changes in the expanded market making framework, Bursa Malaysia said it aimed to improve market-makers’ ability to manage risk by hedging their exposure to price volatility in the underlying securities. The changes include “qualifying criteria for foreign entities to participate as a market-maker has been expanded to allow for foreign entities that meet the prescribed criteria in the rules of Bursa Malaysia Securities Bhd to register as a market-maker.”

Besides that, Bursa Malaysia has introduced a new category of market makers called the derivatives specialists who would be allowed to utilise the permitted short selling (PSS) framework for market making.

“A derivatives specialist will be permitted to carry out PSS on the underlying securities of the single stocks futures contract or stock option contract which are approved securities, as part of the market-making activities of the derivatives specialist in the derivatives market.

“An entity that has been appointed by Bursa Malaysia Derivatives Bhd (BMD) as a market maker in respect of single stock futures contract or stock options contract may apply to Bursa Securities to be registered as a derivatives specialist, ” said Bursa Malaysia.

However, it added there are currently no single stock option contracts listed on BMD.

Moreover, Bursa Malaysia said the existing market makers of structured warrants (SW), single stock options and single stock futures would also be allowed to undertake PSS.

It noted that the expansion of the PSS framework would allow market makers to execute PSS of the SW, single stock options and single stock futures.

“For market makers of SW, PSS will facilitate the issuance of single stock put warrants which often require market makers to short sell the underlying shares to hedge their put warrant position, ” Bursa Malaysia said.

Probably, he bought xox at 39.5sen, now very bitter with xox share buyers at ~25% of his purchase price or he is a psycho hahaha


@kavidharan89 haloo wanna ask your opinion. Should I buy this share. Why u so against this share. I mean why so enthusiastic about keep mentioning how bad this stock is. I see u here almost daily. I wonder why?
Just asking I'm monitoring this share for now.
08/12/2020 12:15 AM

For remembrance only. Yesterday the volume traded was moving closer to 500 m shares+ when the share price reached ~30sen. May history repeats itself anytime? :) what If those recent PPs were bought by ant group? :)


The signing of the agreement with Alipay Labs seems timely given that Ant Group will launch an initial public offering (IPO) this year.

Ant Group, the payment- and finance-focused sister company of the Chinese e-commerce titan Alibaba founded by Ma.

Shares of XOX attracted heavy interest today.

It rose 4.5 sen or 18 per cent to reach a four-year high of 30 sen in afternoon trade.

The stock closed 29.5 sen.

It was also the most active stock on Bursa Malaysia with around 563.1 million shares traded.

Interest in xox is sustained till now, etc :)


KUALA LUMPUR: XOX Bhd has formed a strategic collaboration with Alipay Labs (Singapore) Pte Ltd, an affiliate company of Chinese billionaire Jack Ma's Ant Group Co Ltd, to offer blockchain-based solutions in the Asia Pacific region including Malaysia.

Alipay is the largest player in China's 430 trillion yuan third-party mobile payments market, according to the market research firm Qianzhan.

KUALA LUMPUR (Dec 7): The government has so far only dealt with pharmaceutical company Pfizer and the Covid-19 vaccine global access (COVAX) for Covid-19 vaccine procurement, according to Minister of Science, Technology and Innovation Khairy Jamaluddin.

Other arrangements done by private companies are purely commercial deals that have nothing to do with the government, he told the Dewan Rakyat today. These arrangements, nevertheless, must be approved by Malaysia's medical regulators such as the National Pharmaceutical Regulatory Agency.

"I would like to inform market investors in Malaysia that the announcements [by private companies related to Covid-19 vaccines] do not mean that they are procured by the government. So far, the only procurement made by the government is with COVAX for 10% of the population, and Pfizer for 20% of the population. These arrangements are made directly by the government without the use of any middleman or third party," Khairy said.

Khairy was responding to the concerns raised by Kuala Selangor member of Parliament (MP) and former health minister Datuk Seri Dr Dzulkefly Ahmad and Bandar Kuching MP Dr Kelvin Yii on the procurement of Covid-19 vaccines by the government.

Specifically, Yii pointed to My EG Services Bhd (MyEG), which recently announced that it had entered into a cooperation with Anhui Zhifei Longcom Biopharmaceutical Co Ltd to conduct phase-three clinical trials and subsequent commercialisation of its Covid-19 vaccine in Malaysia.

Yii questioned how MyEG, with no track record in logistics or medical supplies, can be allowed to approach such contracts.

To this, Khairy clarified that any local company is allowed to negotiate with international companies to be their agent or distributor of Covid-19 vaccines in Malaysia.

"We cannot control if they want to make a commercial arrangement with other vaccine manufacturers from outside of Malaysia. But they must get the necessary approvals from Malaysia's regulators," he said.

During his winding up speech on the debate on Budget 2021 at the Dewan Rakyat today, Khairy also dismissed the allegation by Gua Musang MP Tengku Razaleigh Hamzah, who claimed that the government had exhausted the entire RM3 billion of its allocation to buy Covid-19 vaccines from Pfizer.

"I can categorically state in the Dewan Rakyat today that those claims are baseless and not true at all. I cannot disclose the actual price of the procurement with Pfizer due to the NDA (non-disclosure agreement). But our agreement with Pfizer and also with COVAX is still way within our reach of the RM3 billion for 70% of the population," Khairy said.

Razaleigh had questioned if Malaysia was rushing into a deal to purchase 12.8 million doses of the vaccine that would only cover 6.4 million people or 20% of the population.

On Nov 27, Prime Minister Tan Sri Muhyiddin Yassin announced that the government, through the Health Ministry, had signed a preliminary purchasing agreement with Pfizer to obtain 12.8 million doses of Covid-19 vaccine to meet the immunisation needs of 20% or 6.4 million Malaysians.

The agreement, signed on Nov 24, is aimed to ensure the government has access to data regarding the vaccine's quality, safety and effectiveness while also ensuring access once it is ready for distribution.

Earlier in September, Khairy said Malaysia would be joining 172 countries to participate in COVAX to obtain access to the supply of Covid-19 vaccines.

He said the Malaysian government was also preparing the agreement to join the Coalition for Epidemic and Preparedness Innovations, and a government-to-government pact with the Chinese government to gain access to vaccines developed by pharmaceutical companies in China.

The allocation for the Ministry of Science, Technology and Innovation was today passed by the Dewan Rakyat in a voice vote with no objection from the opposition bloc. So far, nine ministries' budget allocations have been approved with voice votes.

News about fintech, 5G, digital banking services and strategic biz alliance or mergers/acquisitions related to xox should boost its share price if any :)

KUALA LUMPUR (Dec 7): Tropicana Corp Bhd announced a couple of boardroom changes today, including the resignation of an independent director and the redesignation of one to a senior independent director's post, while the company was asked to justify its recent acquisitions of RM78.47 million worth of shares in Top Glove Corp Bhd.

In separate filings today, Tropicana said its independent and non-executive director Loh Chen Peng, 66, who is also a member of the group's risk committee, has resigned from the board due to health issues, with effect from Dec 5.

At the same time, another independent director Datuk Tang Vee Mun, 47, has been made a senior independent director, with effect from today.

Meanwhile, Tropicana also announced it has been requested by the stock exchange to, among others, justify the rationale behind the group's purchases of 11.25 million Top Glove shares last Friday via the open market, given that the business is different from Tropicana's principal activities.

The bourse also wanted to know why Tropicana, which shares a common shareholder and chairman with Top Glove in Tan Sri Dr Lim Wee Chai, chose Top Glove over other glove companies. The group was also asked to elaborate on the prospects and risk factors of the acquisitions, given "the commercialisation of Covid-19 vaccine in the near future which may hamper the demand of gloves globally as well as the possible negative impact to the share prices of gloves companies including Top Glove".

In response, Tropicana said the Top Glove shares were transacted at prevailing market prices from the open market on the dates, between RM6.528 and RM28.898 (before Top Glove's two-for-one bonus issue) apiece.

It said Lim, who is the founder of Top Glove of which he controls a 25.68% stake — he is also among the top three substantial shareholders with an 11.07% stake in Tropicana — had voluntarily abstained from deliberating and voting for the acquisitions.

It also said the acquisitions were undertaken as part of its investment strategy to capitalise on the potential robust growth of Top Glove.

"The company has chosen to invest in Top Glove instead of other glove companies as Top Glove is the world's largest manufacturer of gloves. It currently captures approximately 26% of the world market share for rubber gloves. Top Glove has also demonstrated steady growth with a compound annual growth rate of 23.1% for revenue and 28.2% for profit after tax over the past 20 years," Tropicana said.

"The acquisitions allow the company to benefit from the prospects of the manufacturing and trading of gloves, which are largely contributed by the increased demand globally for gloves due to the ongoing Covid-19 pandemic and also the growth in the global healthcare services industry," it added.

Last Friday, The Edge reported that Tropicana's purchases of shares in Top Glove had raised questions about why it was buying into the group, whose share price had been declining, weighed by developments in the vaccine discovery space, and the surge of Covid-19 infections among its workers that had caused the temporary closures of 28 of its factories, or half its production capacity.

Shares in Tropicana slipped one sen or 1.14% to close at 87 sen today, giving the group a market capitalisation of RM1.2 billion.

Top Glove, which has spent more than RM1 billion to buy back its own shares since September as its share price retreats, ended the day at RM6.60, down five sen or 0.75% from the previous day's close for a market capitalisation of RM54.1 billion. While the stock has declined 25% since the start of September, it is still up 320% year-to-date.

KUALA LUMPUR (Dec 7): Tropicana Corp Bhd announced a couple of boardroom changes today, including the resignation of an independent director and the redesignation of one to a senior independent director's post, while the company was asked to justify its recent acquisitions of RM78.47 million worth of shares in Top Glove Corp Bhd.

In separate filings today, Tropicana said its independent and non-executive director Loh Chen Peng, 66, who is also a member of the group's risk committee, has resigned from the board due to health issues, with effect from Dec 5.

At the same time, another independent director Datuk Tang Vee Mun, 47, has been made a senior independent director, with effect from today.

Meanwhile, Tropicana also announced it has been requested by the stock exchange to, among others, justify the rationale behind the group's purchases of 11.25 million Top Glove shares last Friday via the open market, given that the business is different from Tropicana's principal activities.

The bourse also wanted to know why Tropicana, which shares a common shareholder and chairman with Top Glove in Tan Sri Dr Lim Wee Chai, chose Top Glove over other glove companies. The group was also asked to elaborate on the prospects and risk factors of the acquisitions, given "the commercialisation of Covid-19 vaccine in the near future which may hamper the demand of gloves globally as well as the possible negative impact to the share prices of gloves companies including Top Glove".

In response, Tropicana said the Top Glove shares were transacted at prevailing market prices from the open market on the dates, between RM6.528 and RM28.898 (before Top Glove's two-for-one bonus issue) apiece.

It said Lim, who is the founder of Top Glove of which he controls a 25.68% stake — he is also among the top three substantial shareholders with an 11.07% stake in Tropicana — had voluntarily abstained from deliberating and voting for the acquisitions.

It also said the acquisitions were undertaken as part of its investment strategy to capitalise on the potential robust growth of Top Glove.

"The company has chosen to invest in Top Glove instead of other glove companies as Top Glove is the world's largest manufacturer of gloves. It currently captures approximately 26% of the world market share for rubber gloves. Top Glove has also demonstrated steady growth with a compound annual growth rate of 23.1% for revenue and 28.2% for profit after tax over the past 20 years," Tropicana said.

"The acquisitions allow the company to benefit from the prospects of the manufacturing and trading of gloves, which are largely contributed by the increased demand globally for gloves due to the ongoing Covid-19 pandemic and also the growth in the global healthcare services industry," it added.

Last Friday, The Edge reported that Tropicana's purchases of shares in Top Glove had raised questions about why it was buying into the group, whose share price had been declining, weighed by developments in the vaccine discovery space, and the surge of Covid-19 infections among its workers that had caused the temporary closures of 28 of its factories, or half its production capacity.

Shares in Tropicana slipped one sen or 1.14% to close at 87 sen today, giving the group a market capitalisation of RM1.2 billion.

Top Glove, which has spent more than RM1 billion to buy back its own shares since September as its share price retreats, ended the day at RM6.60, down five sen or 0.75% from the previous day's close for a market capitalisation of RM54.1 billion. While the stock has declined 25% since the start of September, it is still up 320% year-to-date.

Demand is surging :)


Date Close Volume
07/12/2020 0.105 436,164,500
04/12/2020 0.105 33,368,800
03/12/2020 0.105 68,167,000
02/12/2020 0.105 116,808,800
01/12/2020 0.11 46,011,200
30/11/2020 0.105 44,831,600
27/11/2020 0.11 152,161,500
26/11/2020 0.11 125,518,200
25/11/2020 0.11 17,043,700
24/11/2020 0.11 110,921,300
23/11/2020 0.115 48,964,500
20/11/2020 0.115 17,486,300
19/11/2020 0.115 110,642,300
18/11/2020 0.115 79,850,600
17/11/2020 0.125 60,315,900
16/11/2020 0.135 67,059,400
13/11/2020 0.125 34,280,600
12/11/2020 0.125 171,201,100
11/11/2020 0.135 170,288,800
10/11/2020 0.12 54,911,500

Should be able to absorb easily, yesterday 400m shares++ traded

Total pp announced: 614,851,000 shares?
Issued up to Now 360,000,000shares?

:)

Anda? Those WHO purchased at 39.5sen dulu dan those WHO bought at 10.5-11sen different expectations :)

Ada improvement . Last fri 10-10.5sen, today 10.5-11sen at closing haha

More than 10% of xox outstanding shares dah bertukar pemilik

More new updates lagi bagus :)


XOX to explore 5G with Chinese telco
xox 5g from www.nst.com.my
27 Jul 2020 — KUALA LUMPUR: XOX Bhd has announced its intention to explore the fifth generation (5G) mobile ...
www.nst.com.my › 2020/07 › x...
XOX chief confirms big Chinese telco's interest in RM10bil ...
20 Jul 2020 — ... to be working on a plan with XOX to build the 5G network in Malaysia, with an investment ...
Subsidiaries: Xox Media Sdn Bhd
Imagewww.theedgemarkets.com › article
XOX to partner Chinese firm to explore regional 5G network ...
xox 5g from www.theedgemarkets.com
27 Jul 2020 — XOX Media Sdn Bhd has teamed up with a Shanghai-based venture capital and advisory firm to form a ...
Imagewww.soyacincau.com › 2020/07/28
XOX wants to secure partnership with a Chinese ...
xox 5g from www.soyacincau.com
28 Jul 2020 — XOX has signed a Heads of Agreement with Sulian Capital to secure a partnership with one of China's top 3 telcos ...

KUALA LUMPUR (Dec 7): Issues over supply of Covid-19 vaccine supply faced by pharmaceutical company Pfizer as claimed by an international media will not affect its supply for Malaysia, which is expected to be made during the first quarter of next year.

Science, Technology and Innovation Minister Khairy Jamaluddin Abu Bakar said according to the media report, this problem would only affect this year’s production.

“I am aware of the supply issues, but the same media report also stated that the problem would only affect the 2020 supply. As far as I know, it does not affect the supply for the Malaysian government next year,” he said at a question and answer session at the Dewan Rakyat sitting here today.

He was responding to a supplementary question from Ahmad Fahmi Mohamed Fadzil (PH-Lembah Pantai) on whether the vaccine supply chain issues as reported by Reuters would affect the supply of Covid-19 vaccines to Malaysia.

Khairy, however, said if there are disruptions in the supply chain, the government will identify other vaccine portfolios from various companies as relying on one company could open to risks of not getting sufficient vaccine supply for Malaysians.

Commenting on the additional costs that may be incurred in addition to the RM3 billion allocation, Khairy said each agreement with vaccine manufacturers would take into account costs such as transportation and storage.

“Our agreement with Pfizer for example, the costs we have paid for each dose also cover transportation that will be borne by the company,” he said.

Responding to the original question, Khairy said has so far signed two agreements to secure enough supply of Covid-19 vaccine for 30% of the population.

“The first agreement was with the global COVAX Facility through the Optional Purchase agreement, signed on Nov 23 which guarantees a vaccine supply for 10% of the population, while the second deal was an initial purchase agreement with Pfizer, inked on Nov 24 to provide the vaccine supply for 20% of the population (12.8 million doses),” he said.

He said the government will not compromise the safety and efficacy of the vaccines procured and the final decision on the usage of a vaccine will only be done after it is registered and approved by the National Pharmaceutical Regulatory Agency (NPRA) under the Ministry of Health.

The 70% target of Malaysian population to get the Covid-19 vaccine in the first quarter of 2021, will focus on adults to enable the country to reach the herd immunity threshold under the National Immunisation Plan.

To achieve the remaining target, Khairy said the government are in talks with other Covid-19 vaccine manufacturing companies.

KUALA LUMPUR: The global fifth generation (5G) deployment has accelerated throughout the year despite anticipation that many governments would postpone their 5G launch plans due to the COVID-19 pandemic, according to Nokia.

Nokia managing director Malaysia and Sri Lanka, Datuk Sivananthan Shanmugam, said as at Dec 3, 2020, the telecommunication (telco) giant had undergone 184 commercial 5G engagements and 133 commercial 5G deals, and powered 39 live 5G operator networks across the globe.

"The numbers have grown significantly over 2020, underscoring the momentum in the telco industry.

"Ultra-reliable low latency wireless connectivity is needed to help societies, businesses, and governments adapt to new remote working conditions and improve economic productivity," he told Bernama here.

Sivananthan said as Malaysia took a measured and considered approach towards the release of 5G spectrum, it allowed an opportunity to ensure more spectrum bands at launch time.

"As such, we support the government's move to ensure that everyone across the nation can benefit from broadband quality and coverage, as it is doing via the National Fiberisation and Connectivity Plan and the National Digital Infrastructure Plan (JENDELA)," he said.

He said the JENDELA initiative highlighted the commitment of the government to develop the infrastructure needed to facilitate the broader coverage of current generation wireless technology across the nation, which in turn would help to expedite the roll-out of 5G in the near future.

Meanwhile, Sivananthan also said the telco industry was now undergoing profound changes, as industrial automation and digitalisation were increasing customer demand for high-performance networks, with a trend towards open interfaces, virtualisation, and cloud-native software.

"This means that technologies that were viewed as emerging such as 5G, the Internet of things, and artificial intelligence will be applied more ubiquitously in 2021.

"As we move to the next normal, current wireless technologies such as 4G will not be enough to help power the unfettered transfer of information and data," he added. - Bernama

Ok ok perjanjian dengan Alipay of Ant Group selama 3 tahun :)

OTHERS XOX BHD - STRATEGIC COLLABORATION AGREEMENT WITH ALIPAY LABS (SINGAPORE) PTE. LTD.

XOX BHD

Type Announcement
Subject OTHERS
Description XOX BHD
- STRATEGIC COLLABORATION AGREEMENT WITH ALIPAY LABS (SINGAPORE) PTE. LTD.
The Board of Directors (“Board”) of XOX Bhd (“XOX” or the “Company”) wishes to inform that XOX Wallet Sdn Bhd (“XOX Wallet”), a wholly-owned subsidiary of the Company, had on 24 August 2020 entered into a Strategic Collaboration Agreement (“Agreement”) with Alipay Labs (Singapore) Pte. Ltd to collaborate in the blockchain-based solutions for a period of 3 years.



Alipay Labs (Singapore) Pte. Ltd is a private limited liability company incorporated in Singapore and is an affiliate company of Ant Group Co., Ltd.

$$$$$$$$$¥¥¥¥

The Agreement shall be effective from 24 August 2020 for a period of 3 years.$$$$$
$$$$$€€€€¥¥¥


The Agreement will not have any effects on the share capital and shareholding structure of the Company and is not expected to have any immediate material effect on the earnings per share, net assets per share and gearing of XOX for the financial year ending 30 September 2020.



Similar to all business entities, the risk factors affecting the execution of the Agreement, including but not limited to business risks such as prudent financial management, changes in political, economic and regulatory conditions. However, the Board will continue to exercise due care in considering the risks associated with the Agreement and will take appropriate measures in planning the successful execution of the Agreement.



The Agreement being incurred in the ordinary course of business, is not subject to the approval of the shareholders.



None of the Directors and/or other major shareholders of the Company and/ or any persons connected to them have any interest, direct or indirect, in relation to the Agreement.



The Board, after due consideration, is of the opinion that the Agreement is in the best interest of the Group.



This announcement is dated 26 August 2020.

Date Price Open High Low Vol. Change %
Dec, 2020 0.105 0.105 0.110 0.100 33.37M 0.00%
Nov, 2020 0.105 0.105 0.140 0.100 2.23B 5.00%
Oct, 2020 0.100 0.125 0.130 0.100 2.15B -23.08%
Sep, 2020 0.130 0.260 0.275 0.125 4.92B -50.00%
Aug, 2020 0.260 0.260 0.395 0.175 11.13B 0.00%
Jul, 2020 0.260 0.060 0.315 0.055 7.81B 333.33%
Jun, 2020 0.060 0.070 0.090 0.050 1.23B

Market cap RM347mil, if ant Group offers rm400m, sanggup jual semua? :)

300m shares ++ traded Mau terbang dah

~200m shares traded so early ada udang disebalik batu :)

Xox can invite its biz partner, ant group to become its new substantial shareholder by buying from the open market or take up the PP if any :)

Clearing 11sen now :)

130m shares ++ traded. 10.5sen dah cleared

*Jual KWSP 7.36 juta lagi saham Top Glove*

Wartawan BH

GAMBAR gagal. FOTO Bernama

Kuala Lumpur: Kumpulan Wang Simpanan Pekerja (KWSP) menjual 7.36 juta lagi saham dalam Top Glove Corporation Bhd, lapor BH Online.
Sarung Tangan Teratas dalam kenyataannya di Bursa Malaysia mengatakan, saham itu dijual pada 1 Disember lalu melalui empat urus niaga, namun tidak berharga tidak didedahkan.
Susulan penjualan terbaharu itu, KWSP kini hanya ada 458.8 juta saham atau 5.72 peratus kepentingan dalam pengeluar sarung tangan berkenaan.
KWSP mula berlaku dalam Top Glove pada akhir bulan lalu, hanya dua bulan kemudian muncul sebagai saham saham utama dengan 5.05 peratus kepentingan, sebelum meningkat lagi kepada 6.64 peratus atau 534.31 juta saham pada 20 November 2020.
Sejak tarikh itu, KWSP menjual kepentingannya dalam Top Glove setiap hari.
Kaunter Top Glove, yang melonjak beberapa kali ganda sejak awal tahun ini, susut 13 sen atau 1.92 peratus untuk ditutup pada RM6.65 sesaham hari ini.

Artikel ini disiarkan pada: Jumaat, 4 Disember 2020 @ 10:36 PM

2020 © Harian Metro.
New Straits Times Press (M) Bhd.

Corporate proposals and utilisation of proceeds
Save as disclosed below, there were no other corporate proposals which had been announced by the Company and are pending for completion as at end of the reporting quarter except:-
(“XOX Media”), a wholly owned subsidiary of the Company,
C. On 8 August 2019, XOX Mobile entered into a MOU with TOT Public Company Limited (“TOT”) for the purpose to establish the mobile virtual network operator (“MVNO”) partnership, cooperation and support between both parties in relation to exploring MVNO market in Thailand, connecting in technicality and testing the mobile telecommunication systems as well as other commercial operations. To date, both parties are working on the project.
D. On 9 October 2020, XOX Media, a wholly owned subsidiary of the Company,
E. On 19 October, the Company announced that Bursa Securities had granted its approval for the Proposed Bonus Issues with Warrants as follows:-
(i) Admission to the Official List and listing and quotation of 1,336,281,385 Warrants C; and
(ii) Listing and quotation of up to 1,336,281,385 new shares to be issued arising from the exercise of the
additional Warrants C.
On 19 November 2020, the Company further announced that the Company obtained approval from Bursa Securities on the followings:-
(iii) Admission to the Official List and listing and quotation of additional 230,569,125 Warrants C to be issued pursuant to the Proposed Bonus Issue of Warrants; and
(iv) Listing and quotation of additional 230,569,125 new shares to be issued arising from the exercise of the additional Warrants C.

Utilisation of Proceeds
Utilisation of proceeds from various corporate exercises as at 30 September 2020:- ICPS (Completed on 12 March 2020)
Details
(a) E-Sim expansion plan
(b) Expansion of XOX’s E-Wallet function
(c) Expenses incurred for the Rights Issue
Actual Utilisation
Total 26,525,688 Private Placement (Completed on 23 July 2020)
8,928,998 7,426,005 1,000,000
17,355,003
Actual Utilisation RM 2,338,838
600,000
2,938,838
6,071,002 3,099,683 -
9,170,685
Balance Available for Utilisation RM 16,724,302
-
16,724,302

Egm this Thursday :) bonus warrant percuma

XOX BHD
(Company Registration No.: 201001016682 (900384-X) (Incorporated in Malaysia under the Companies Act, 1965)
QUARTERLY REPORT ON CONSOLIDATED RESULTS FOR THE FORTH QUARTER ENDED 30 SEPTEMBER 2020
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW (CONT’D)
Description
Cumulative Quarter Ended
30 September 2020 RM’000
Preceding Year Corresponding Quarter Ended
30 September 2019 RM’000
Balance B/F
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of plant and equipment
Acquisition of intangible assets
Acquisition of other investments
Proceeds from disposal of plant and equipment
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment oflease liability
1,409 N/A
(4,736) N/A (14,179) N/A (5,159) N/A 312 N/A
(23,762) - (3,927) N/A
Proceeds from issuance of shares
199,602
N/A
Net cash generated from financing activities
NET INCREASED IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT
THE BEGINNING OF THE FINANCIAL PERIOD
CASH AND CASH EQUIVALENTS AT
195,675 - 173,322 -
8,953 N/A
THE END OF THE FINANCIAL PERIOD
182,275
N/A
Notes: -
(i) The Unaudited Condensed Consolidated Statements of Cash Flow should be read in conjunction with the Audited Financial
Statements for the financial period ended 30 September 2019 and the accompanying explanatory notes attached to this interim financial statements.
(ii) In view of change in financial year end in previous year, the comparative figures stated in the income statement, statement of changes in equity, cash flow statement and the related notes are not comparable
(The Unaudited Condensed Consolidated Statements of Cash Flow should be read in conjunction with the Notes to the Quarterly Report on pages 10 to 18).

The new cycle begins with an accumulation phase that generates a trading range. The pattern often yields a failure point or spring that marks a selling climax, ahead of a strong trend that eventually exits the opposite side of the range. The last decline matches algo-driven stop hunting often observed near downtrend lows, where price undercuts key support and triggers a sell-off, followed by a recovery wave that lifts price back above support.

The markup phase then follows, measured by the slope of the new uptrend. Pullbacks to new support offer buying opportunities that Wyckoff calls throwbacks, similar to buy-the-dip patterns popular in modern markets. Re-accumulation phases interrupt markup with small consolidation patterns, while he calls steeper pullbacks corrections. Markup and accumulation continue until these corrective phases fail to generate new highs.

The second rule raises the misunderstood issue of market relativity, telling traders and investors that context is everything in the financial markets. In other words, the only way to evaluate today’s price action is to compare it to what happened yesterday, last week, last month, and last year. A corollary to this rule states that analyzing a single day’s price action in a vacuum will elicit incorrect conclusions.

Wyckoff established simple but powerful observational rules for trend recognition. He determined there were just three types of trends: up, down and flat, and three-time frames, short-term, intermediate term, and long term. He observed that trends varied significantly in different time frames, setting the stage for future technicians to create powerful trading strategies based on their interplay. Alexander Elder’s Triple Screen method, outlined in Trading for a Living, offers an excellent example of this follow-up work.

His observations on price action coalesced into the Wyckoff Market Cycle that outlines key elements in trend development, marked by periods of accumulation and distribution. Four distinct phases comprise the cycle: accumulation, markup, distribution, and markdown. He also outlined sets of rules to use in conjunction with the phases, to further identify the location of price within the broad spectrum of uptrends, downtrends, and sideways markets.

Wyckoff Rules
Wyckoff’s first rule tells traders and investors that the market and individual securities never behave in the same way twice. Rather, trends unfold through a broad array of similar price patterns that show infinite variations in size, detail, and extension, with each incarnation changing just enough from prior versions to surprise and confuse market participants. Many modern traders would call this a shapeshifting phenomenon that always stays one step ahead of profit-seeking.