Buying support still strong at 30 sen and no plunge in weak market is good sign.

Pineapple identified as alternative crop for Felda settlements
https://www.themalaysianinsight.com/s/155905

More jobs from Sarawak coastal road project
Read more at https://www.thestar.com.my/business/business-news/2019/05/20/more-jobs-from-sarawak-coastal-road-project/#8iDSgiEbxxUHwIdU.99

VORTEX CONSOLIDATED BERHAD (FORMERLY KNOWN AS SKH CONSORTIUM
BERHAD) (“VORTEX” OR “COMPANY”)
PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESSES OF VORTEX AND ITS
SUBSIDIARIES (“GROUP”) TO INCLUDE MONEYLENDING BUSINESS (“PROPOSED
DIVERSIFICATION”)

1. INTRODUCTION
On behalf of the Board of Directors of Vortex (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the Proposed Diversification.

2. PROPOSED DIVERSIFICATION
2.1 Details of Proposed Diversification
Vortex is an investment holding company and the Group is principally involved in the trading of information technology (“IT”) and information and communication technology (“ICT”) related products (e.g. hardware, software and accessories), as an electronic commerce provider and facilitator, provision of software development and support services, property construction and its related business, property development and property investment.
Currently, most of the Group’s revenue is derived from its IT and ICT business. In view of the increased competition in the ICT industry, the Group is constantly looking for new business opportunities to diversify its income streams in order to reduce over-reliance on one single industry. As part of its diversification plan, on 15 April 2019, Vortex announced that it had, on the same date, entered into a shares sale agreement with Choo Peng Hung and Chan Chooi Teng (collectively referred as “Vendors”) to acquire the entire equity interest in Valhalla Holdings Sdn Bhd (“VHSB”) from the Vendors for a total cash consideration of RM2,000,000 (“Acquisition of VHSB”). VHSB has yet to commence business as at 13 May 2019 (being the latest practicable date prior to this announcement) (“LPD”). It has a wholly-owned subsidiary, Valhalla Capital Sdn Bhd (“VCSB”), which had obtained a moneylending licence dated 26 October 2018 issued by Kementerian Perumahan dan Kerajaan Tempatan (Ministry of Housing and Local Government) (“Ministry”) (“Licence”) under the Moneylenders Act 1951 [Act 400](“Moneylenders Act”) to be read together with the Moneylenders (Control and Licensing)Regulations 2003. The Licence shall be valid for a period of 2 years effective from 1 November 2018 to 31 October 2020. The Licence allows VCSB to undertake any business relating to moneylending activities (save for pawn business). VCSB has yet to commence its moneylending business as at the LPD.
The Acquisition of VHSB was completed on 19 April 2019, wherein VCSB is currently an indirect wholly-owned subsidiary of Vortex and this enables Vortex to venture into moneylending business.
2 The Board expects the Proposed Diversification to contribute positively to the future earnings of the Group given the growth of Malaysian economy and loan market in Malaysia (as set out in Sections 4.1 and 4.2 of this announcement). Although the Board does not expect the Proposed Diversification to contribute any profits to the Group until the commencement of moneylending business by VCSB (which is expected to be during 4th quarter of calendar year 2019), the Board anticipates that the moneylending business will potentially contribute 25% or more of the Group’s net profits and/or result in a diversion of 25% or more of the net assets (“NA”) of the Group to an operation which differs widely from those operations previously carried on by the Group. As such, in accordance with Rule 10.13(1) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“ACE Market LR”), Vortex is required to obtain its shareholders’ approval in a general meeting for any transaction or business arrangement which might reasonably be expected to result in either of the above-mentioned situations.
Notwithstanding the Proposed Diversification, the Group remains committed to its existing businesses in IT and ICT, property construction, property development and property investment segments.

2.2 Key management personnel
The Company has appointed the following personnel, who have the relevant expertise and experience in debt capital market and risk management to spearhead the moneylending business of the Group, to the Board:
(i) Lim Kian Boon (aged 51, Malaysian)
He was appointed as an Executive Director of Vortex on 15 April 2019 and is a substantial shareholder of Vortex by virtue of his interest in Goodwill Valley Sdn Bhd (an investment holding company) pursuant to Section 8 of the Companies Act 2016.
He graduated from Emile Woolf College in 1993 after completing his professional accountancy studies and was admitted as a member of the Association of Chartered Certified Accountants, United Kingdom in 1998.
He started his career with HSBC Bank Malaysia Berhad as Regional Officer in charge of current accounts and credit administration in Kuala Lumpur and Sabah in 1994.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6162721

OTB 1000 subscribers meaning 1000X960=RM 960K sure money? Why so many i3 members? must pay OTB to cut loss?
https://klse.i3investor.com/blogs/koonyewyinblog/207083.jsp

How you know? You work for them?

ACE9696 let’s wait for HL capital come out to goreng
17/05/2019 7:53 PM

Think that is allocation to IPO. They can even sell on 16th since announcement delay.

Next DWL?

Heng ong huat?

PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESSES OF VORTEX AND ITS SUBSIDIARIES ("GROUP") TO INCLUDE MONEYLENDING BUSINESS ("PROPOSED DIVERSIFICATION")
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6162721

IT, property business now have and future will lend money business.

Got IT and property business as well.

Sap ding dong 30-32 sen no boring here meh? Why not VC, VC PA more interesting there?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6162721

Money lending is new business venture.

Scared dump? Why not buy 7 sen PA?

Boring share price so no post here. Take a look at VC and VC-PA more interesting there..

Dayang 1.2 where got cheap compare to Jaks?

KYY sold after London trip he no siao?

RM 3 billion order book how many years? So coming qtr sale can better RM 285 million Q4 2018?

Think Dayang as contractors but in O&G sector. Sure Petronas must give you good contracts every qtr?

NTA only 1.17 1.2 we pay 3 sen more. Dayang not producing oil.

KYY sold buy back <RM 1? Why buy now?

Take position after QR safer.

Cryptotrader 25 May to announce Q result???
15/05/2019 11:29 AM

Are you sure Dayang not dead? Why KYY sold?

tah16600 Who want to trade dead wood counters?
15/05/2019 10:58 AM

14-May-2019 Insider EWEIN BHD buyback 150,000 shares from 0.620 to 0.625 on 14-May-2019.

Yes. Lower price even buy more show good management.

Yee Mimi SHARE BUY BACK
10/05/2019 5:07 PM

14-May-2019 Insider Notice of new substantial holder - MR GOH EUGENE on 14-May-2019.
14-May-2019 Insider Notice of new substantial holder - PENTAGON PARADE SDN BHD on 14-May-2019.
14-May-2019 Insider MR GOH EUGENE (a company director) was dealing with company shares on 14-May-2019.
14-May-2019 Insider MR GOH EUGENE (a company director) was dealing with company shares on 14-May-2019.
14-May-2019 Insider MR GOH EUGENE (a company director) acquired 10,965,600 shares on 14-May-2019.

Parkson's HK unit wins bid to occupy buildings above railway station in Jiangxi
https://www.theedgemarkets.com/article/parksons-hk-unit-wins-bid-occupy-buildings-above-railway-station-jiangxi

Can win tender still cash rich haha.

Earn more last year pay more got wrong? Even pay more perhaps in govn good book to secure future projects?

Invest123 Last qtr
10/05/2019 4:13 PM

So your RM 41.15 million portfolio is not real? Wonder why you still not retire?

(US/CHN trade war doesn't matter) Philip From signed contracts by China companies and other countries:

Kenya last month launched the construction of the 120km Phase 2A of the 489km standard-gauge railway line that will link Mombasa to the Ugandan border at a cost of US$1.76 billion (RM7.37 billion). This means it will cost about RM61.42 million per kilometre. There is no indication of the number of bridges that will be built or if there will be any tunnelling works involved.

In Bangladesh, China Railway Construction Corp signed a US$3.5 billion (RM14.65 billion) contract in August to build the 215km Padma rail line linking Dhaka to Jessore, which includes the construction of 66 major bridges, 244 minor bridges, 14 new stations and the procurement of 100 passenger coaches. And the project works out to RM68.14 million per kilometre.

For lrt3, at the latest meeting I attended, finalized is just 25 stations, no underground, and reduction from 6 box cars to 4 cars currently. If using China estimates, the estimated cost for this should be around 8-9 billion for 37 km. Why they renegotiated to 16.63 and awarded to Malaysian company and not directly dealing with China railway construction corp ( that is a 6.63 billion "moat") like ecrl? That is the investment part.

In either case my company is one of the subcons for gkent, and I continue to monitor closely. Although I may retire early before completion.
11/05/2019 6:44 AM

Media Prima targets 20% digital revenue contribution this year
https://www.theedgemarkets.com/article/media-prima-targets-20-digital-revenue-contribution-year?fbclid=IwAR0saRmSN-UhWHTvGkUXY6OHResyHNx35su-KRccno-SBemhwDmW1qHNjCo#.XNU7p6HzmHA.facebook

2019 CPO output highest in Apr'19 and improve YOY
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6157265

09-May-2019 Insider EWEIN BHD buyback 95,000 shares from 0.675 to 0.680 on 09-May-2019.

QR 31st May?

"We are seeing positive signs from the restructuring plan and believe FGV is on track to record core profit for 1Q19 on the back of the group's cost optimisation efforts.

"The group is one of the biggest plantation land owners in the country yet trades at an entreprise value per hectare (EV/ha) of about US$9,524, a 56% discount to the average EV/ha of US$21,505 for our Malaysian coverage - indicating significant improvement potential.

"The stock trades at 1.0x book or -1 standard deviation since 2015; and is lowest in our Malaysian plantation universe. FGV is our top pick for the sector," the research house said.
https://www.theedgemarkets.com/article/fgvs-mou-felda-suhakam-lapses-after-two-years

Dr M hints at three-year maximum stay as Malaysian PM
Read more at https://www.thestar.com.my/news/regional/2019/05/09/mahathir-hints-at-three-year-maximum-stay-as-malaysian-pm/#l7zrO4PLRveOqAum.99

markstrong you are wrong to say only CalvinTanEng promote here.

MR LIM YEW HOE 22-Apr-2019 Disposed 110,000 0.000 View Detail
ENCIK WAN HAMDAN BIN WAN EMBONG 09-Apr-2019 Disposed 500,000 0.000 View Detail
PLATINUM CASTLE SDN. BHD. 09-Apr-2019 Disposed 500,000 0.000 View Detail
WHE BINA SDN. BHD. 09-Apr-2019 Disposed 500,000 0.000 View Detail
MR LIM YEW HOE 08-Apr-2019 Disposed 110,000 0.000 View Detail
MR LIM YEW HOE 04-Mar-2019 Disposed 800,000 0.000 View Detail
MR LIM YEW HOE 04-Mar-2019 Disposed 625,000 0.000 View Detail
ENCIK WAN HAMDAN BIN WAN EMBONG 04-Mar-2019 Disposed 500,000 0.000 View Detail
PLATINUM CASTLE SDN. BHD. 04-Mar-2019 Disposed 500,000 0.000 View Detail
WHE BINA SDN. BHD. 04-Mar-2019 Disposed 500,000 0.000 View Detail
MR LIM YEW HOE 01-Mar-2019 Disposed 500,000 0.000 View Detail
MR LIM YEW HOE 01-Mar-2019 Disposed 175,000 0.000

Agree. Might be QR is loss like last year. You can see Carimin directors keep disposing.

Posted by moneykj > May 9, 2019 8:50 AM | Report Abuse
How sure next q gonna be good q?
Better go for Redtone. Ultimate power of Umobile BDL.

Beg to differ. Why Tun M yesterday said he want to be PM longer ie until 2021 year Sarawak had state election?

Abidjan substantial shareholder of Petra is OBYU Holdings https://klse.i3investor.com/insider/substantialShareholder/5133/29-Aug...
OBYU is implicated in 1MDB seized assets https://www.theedgemarkets.com/article/obyu-holdings-denies-interest-s...

Difficult to do business if you're in the wrong team....
Only hope is to wait for takeover by PNB's Sapnrg or Valesto
10/05/2019 12:00 AM

Call for tenders for KL-SG HSR commercial advisory consultant
Read more at https://www.thestar.com.my/business/business-news/2019/05/09/call-for-tenders-for-kl-sg-hsr-commercial-advisory-consultant/#yRuI75ZvjkKk83Vu.99

Gurney Wharf site for August House?
https://www.thestar.com.my/metro/metro-news/2019/05/08/gurney-wharf-sitefor-august-house/

Why must Penergy release QR so early when they know it will cause share slump? 31st May release QR still follow Bursa rule.

Tomorrow is PH 1 year. If everything BN did right why we change 61 year govn?

adamacutie only Ewein got nightmare not Huaan, Reach etc?

Nobody from Penang here?

If coming QR again loss what will happen?

Buyers Q is again Gadang?