Coming downnn vhahaaaaa

Vacc??? Gone

Can is emptied by ......chif of pirate one eye

SD gone gone suspemded spander or PN17...sickkk compny...empty cans

Eating pop corn .......

ACQUISITION OF 331,500 ORDINARY SHARES REPRESENTING 51.00% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF L & S GLOVES SDN ("L&S") BHD BY INIX GLOVE MANUFACTURING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF INIX ("PROPOSED ACQUISITION")
INIX TECHNOLOGIES HOLDINGS BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-25012021-00004
Subject ACQUISITION OF 331,500 ORDINARY SHARES REPRESENTING 51.00% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF L & S GLOVES SDN ("L&S") BHD BY INIX GLOVE MANUFACTURING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF INIX ("PROPOSED ACQUISITION")
Description INIX TECHNOLOGIES HOLDINGS BERHAD ("INIX" or "the Company")
1. ACQUISITION OF 331,500 ORDINARY SHARES REPRESENTING 51.00% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF L & S GLOVES SDN BHD BY INIX GLOVE MANUFACTURING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF INIX
2. PRESS RELEASE TITLED, "INIXS GLOVE VENTURE TAKE OFF AS ACQUISITION OF L&S GLOVES COMPLETED"

Additional Information
Query Letter Contents
We refer to your Company’s announcement dated 21 January 2021 in respect of the aforesaid matter (“Announcement”).


In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

The net profits and net assets of L&S based on its latest audited accounts.
The date L&S commenced its business.
The number of production lines, production capacity and production output per annum of L&S factory.
Definition of “Transfer Date” in Section 4.2(b) of the Announcement.
To amend Section 4.2(a), line 1 of the Announcement.
The estimated time frame to complete the Proposed Acquisition.
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

(The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the Company’s announcement made on 21 January 2021 in relation to the Proposed Acquisition)



Reference is made to the Company’s announcement made on 21 January 2021.



The Board of Directors of INIX wishes to provide the following additional information:



1. The net profits and net assets of L&S based on its latest audited accounts.



Based on the latest draft audited accounts of L&S for the year ended 30 September 2020, the net loss and net assets are RM134,692.00 and RM515,307.00 respectively.





2. The date L&S commenced its business.



The date of L&S commenced its business is 1 July 2020.





3. The number of production lines, production capacity and production output per annum of L&S factory.



a. No of Production line: 2



b. Production Capacity per line:

i. Production Capacity: 11,000 pcs per hour

ii. Production Capacity: 7.898,000 per month per line





4. Definition of “Transfer Date” in Section 4.2(b) of the Announcement.



The “Transfer Date” in Section 4.2(b) of the Announcement refers to the date when the SSA shall be deemed unconditional upon the compliance and fulfillment of the Conditions Precedent.





5. To amend Section 4.2(a), line 1 of the Announcement.



The term “Memorandum of Agreement” should be read as “SSA”.





6. The estimated time frame to complete the Proposed Acquisition.



The estimated time frame to complete the Proposed Acquisition would be two (2) weeks from the date of execution of the SSA.



This announcement is dated 26 January 2021.




Announcement Info
Company Name INIX TECHNOLOGIES HOLDINGS BERHAD
Stock Name INIX
Date Announced 26 Jan 2021
Category General Announcement for PLC
Reference Number GA1-26012021-00051

.

Whereeeeeeee

.We refer to the query by Bursa Securities vide its letter dated 08 December 2020 on the above captioned matter:


1.The tenure of the MOA.

6 Months from 4 December 2020 to 3 June 2021

2. The purchase consideration of the 51% equity interest in LSG and the basis thereof.

We are in the finals stages of negotiations with the owners of LSG.

3. The manner in which the purchase consideration will be satisfied, the sources of funding and the breakdown thereof.

The manner in which the purchase consideration will be satisfied and the sources of funding for the purchase consideration is yet to be determined.

4. A description of the factory building owed by LSG, approximate area, and the approximate age of the building.



Address: Ground: 1st & 2nd Floor, Office Block, 37-1 Jalan Perusahaan, Kawasan

Perusahaan Beranang, 43700 Beranang, Selangor Darul Ehsan



Description of Factory Building : Factory Ground: 1st & 2nd Floor

Office Block (Admin & Operations)

Build up Approximate Area : 21,000 sqft

Approximate age of the building : 5 years



5. The production capacity and production output of the 2 existing rubber glove production lines.

Production Capacity: 8,600,000 per month per line

Production Output: 8,200,000 per month per line (nett wastage)



6. The markets for the rubber gloves manufactured by LSG.



India, China , Middle East , South East Asia



7. The date of commencement of operation of LSG.



1 August 2020



8. The business risks or exposure in relation to the MOA.



None



9. The prospects of LSG.



After the completion of the acquisition of LSG , INIX is proposing to expand the production facilities of LSG. Under the expansion plan, INIX would be adding an additional 10 – 14 lines for the production Latex & Nitrile gloves, Upon completion of the expansion plan LSG is poised to become a medium sized glove manufacturer in Malaysia.



10. Reference is made to INIX’s announcement dated 11 August 2020 and 14 August 2020 in relation to Letter of Intent (“LOI”) entered with Lyglan Properties Sdn. Bhd. (“Lyglan”), INIX’s announcement dated 13 August and 14 August in relation to the article in The Star, Starbiz Section dated, Wednesday, 12 August 2020 "JV RUBBER GLOVE PLANT TO BEGIN OPS IN OCTOBER” and section 4 of INIX’s announcement dated 4th December 2020 on the MOA entered with LSG, where it was stated that board of directors of INIX is of the opinion that the MOA is the fastest way to venture into the glove manufacturing industry. In this respect, please clarify the following:



(i) Whether INIX will continue with its proposed joint venture to develop the business of medical rubber gloves production with Lyglan; and



The Board of Directors will be deliberating on the matter in the forthcoming Board of Directors Meeting.



(ii) How will be MOA with LSG impact the proposed joint venture with Lyglan.



It would have no impact on the proposed joint venure with Lyglan , as both parties have not finalsed the terms.



11. Kindly clarify the party that is described as “NWP” in item 7 of the announcement on MOA with LSG.



This was an error and has since been rectified via announcement made on 9 December 2020.





Once the

Arv. That was historyyyyyyyyyy loooooong ago... Acquiring lines producing glove..and vacc..whereeeee

Frutsrated stakehokders feeling being betray...fingers burn....yellow lotion please

Good ship but c19 infected mngmt...integrity ..of questioned.... .really in..needs oxygen support...face reality....

Emmm spin till the end... Even INEDs jump ship....lifr jackets....swim swimnnnnnnnn

SD too many holes...even Petronas for 2020 fiscal yr loss RM 21 billns. Covid19 , low oil demand etc etc..

.. Yet SD chartered an impressive profit ..wowwwwww againts all odd..... Superb mnmgt.

Emmn

Sinkng ship... Taking in water turning submarine...more holes than expected, petronas 2020 fiscal year too facing losses Rm21 billions..facing with 2020 c19 and world oil demand low. Etc etc...yet SD super profit.....wowwwwww

Hahaaaa..cornered....jump ship swimm hard..life jacket... Or else shark around..u dead gone

This counter eats.u..where is glove??? At least by now hve more than 4 lines in operation..singing...where??????

Alenac you re correct... SC has instructed SD ... for Special Independent Reviewer SIR set up by this Friday ultimatum

..*The Edge Tue 29 Jun 2021 0304pm.*

.KUALA LUMPUR (June 29):

EY has accepted the offer to be the independent auditor with additional conditions.

EY required a written confirmation from Serba Dinamik’s former auditor KPMG that cooperation in the form of access and information will be provided to EY for the purpose of understanding the alleged irregularities and anomalies identified, such as the confirmation process of matters sent to identified customers; and the relevant work papers including confirmations and correspondences in relation to the findings and concerns raised.

Serba Dinamik is currently awaiting a response from KPMG on EY’s request..
.
End.
____________

Nothing yet changed ......

Emmmm

The Edge

EY agrees to be Serba Dinamik independent reviewer, but with conditions - The Edge Markets http://www.theedgemarkets.com/article/ey-accepts-appointment-serba-dinamik-independent-reviewer-while-cofounder-and-epf-dump-more#.YNrUqTgSD2s.whatsapp

See howww LU

Ayaaaaaa gone

..
RJ87 In ur experience, how soon can EY clear SD on the independent review?

Cos, whatever that's happening...insolvency is gonna be a real threat now.

____________________________________
Enilec Mak A reply to RJ87.

EY is not going to be the auditor. Their role is just Independent Reviewer of the poins KPMG brought up. As of todate, SD has no auditor.

_________________________

Yess true..
If EY involved and accepted with terms as reviewer... EY no longer eligible to be appointed as New extrnl auditors to finish the auditing....hahaaa.. bad to worst..so howwww...ask shafie legal counsel..left right eats up the cake till fat...hahaaaa

So SD must appoint another New Ex auditor fm the big 4.... Kpmg, EY, Delliot & PwC...... Kpmg and EY out..left ovet Delliot and PwC...

Howww. 30 jun tomorrow..? Can meet dateline?????

.Irony nya why BODs behavioural....since the saga came to known late May 21. ..more over protective and secrecy in nature and as if trying to...dot dot.....leaving shareholders, investors lurking lost and undirectional.

Whyyyyyyy?

.

Boring,2 dive downnnnnnnn fm KL Tower....make sure u hvr parachute....

Pp lkl soon..dilution

Bon888 Today yamseng first, don't cry on Friday ya. EY just rejected the offer in professional manner.
29/06/2021 10:01 am

newbie1111 This counter everytime rebound is just one session to trap ikan billis
29/06/2021 10:02 AM

_______________________

Hahaaaa EY terms and conditions many

If EY opined of the same..make sure SD do not sue the Auditor EY......hahaa

KPMG...coop maybe be giving all the flagged issue. You want my service you pay..hahaaaaa..in circle the Geng of 4..same no diferrence

Hahaaaaaa gone case. Runnnnnnn

.williamh My prediction yesterday was right today rebouncing strongly,my prediction 36 low and 38 high yesterday,now i wanted to created miracle to predict today will close above 50
29/06/2021 9:55 AM

_________________

Hahahqaa no way bro willy..knee jerk for oxygen lets see.....your forwardsight...hahaaa

Lucky mabel

Extra time for big funders to offload..hahaaaa PN17 lurking...... Cash flow deteriorating..rating down....lots more .....

EY not yet officily accept the job...waiting for response KPMG.... Hahaaa all waiting acts

.Huangbk72 I repeat again for SD campers..

1)Fire the current management
2) Reinstate KPMG
3) Take impairment hit

You will all see sunshine and bright days

SD is a good horse, just bad jockey
29/06/2021 8:23 AM

_---------------------+

Yess i agreed with you Bro Huang

SD no matter how u spin.....no way out except that as Bro Huang reccmd

Bro Huang next Ceo.....EGM..vote for himmmm

Yeeahh true..if something to hide..whyyyyyyyyy? Hide from auditors finding??????????billions at stake.....one will loose and the other gains..... Looks like ....misappropriation..etc etc...emmmm

The market speaks for itself....authenticity of.15Q non audited ouput. can never lies...emmmmmnn

SD on the way to a country of PN17........1MDB alike...brother sister....either way twist or pop yeeh yeeh..... Ji hlow is enjoying life billions....hapier..for ever....in HappyLand

Reviewer not significant no more required..be gone... SD need a new ext auditors..... to finished settle left over by kmpg

To south pole..only pole can see

Gone case

Good luck SD.... May u sailing be safe..change ship captain....need new engines

How can a company run less INEDs and fiscal yr statement not done accordingly in time flagging issues yet unaudited figure timely snd suddenly appear . Sonmbody needs panadol.. figures very nice, yet ex auditors being kick fm dischargin end of audit..yet nice fig pop corn ...vague and confused misleading bilisssssss and bb sharks . Time to shy away...hot hot hott plate char kuew tiew

Even commentors in forum here being threaten by SD spies of sue...weird....no freedom of speech,. Ayaaaaaa extortion alike to forum...sue sohh. Haiiiii SD need vitamin C covid19....

No auditors...wait 30 Jun 21 submission date..SC granted extension....till Parlianent sitting hahaa

Emm

Scary....

.https://klse.i3investor.com/blogs/expertanalyst/2021-06-26-story-h1567055294-Serba_Dinamik_A_Ponzi_Scheme.jsp

.https://klse.i3investor.com/blogs/expertanalyst/2021-06-26-story-h1567055294-Serba_Dinamik_A_Ponzi_Scheme.jsp

.
Sneakpeek: EPF larI KWAP lari investor lari director lari chairman auditor lari..so who's left?
27/06/2021 10:27 AM


Hahaaa where to run... Pudu jail? No more closed
Sg Buloh Jail?????

SD is going PN17....rating down.. how to service loan..problematic mngmt is the core issue..reality..

Trum..your six sense... Corrupt too.... Go hozpital