Musang King

Beststock | Joined since 2015-07-21

Investing Experience Intermediate
Risk Profile Moderate

Tunggu Durian Jatuh

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Stock

2022-04-26 17:11 | Report Abuse

BLee, I like this post you wrote on the Focus Dynamics Group Forum.

"Article B11 - Status of corporate proposals
a) On 2 December 2020, Asiabio Capital Sdn. Bhd. (“ABC”), a wholly-owned subsidiary of Fintec, has subscribed in aggregate 25.05% or 512,099,792 ICPS with 768,149,688 free detachable Warrants D of Focus Dynamics Group Berhad("the free detachable Warrants") for an aggregate sum of RM28.16 million in cash via the Rights Issue of ICPS with Warrants of Focus at an issue price of RM0.055 per ICPS. On 21 December 2020, ABC had disposed the free detachable Warrants for an aggregate sum of RM26.74 million in cash through open market."

It seems that the holding cost of 512million Focus-PA for Fintec only around RM1.4million.

I ADD : 512,000,000 ICPS ONLY MATURE IN THE YEAR 2030. NOTED THAT THEY ARE CONVERTABLE ANYTIME BY SURRENDERING 512 MILLION ICPS INTO 51.2 MILLION MOTHER SHARES ( WITHOUT ANY COST) NOW TRADING AT 4 SEN. IMAGINE THE RIPPLE EFFECT IF THE FOCUS D. SHARES GO UP IN THE FUTURE.

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2022-04-25 17:36 | Report Abuse

Please see the 3 year chart of Focus Dynamics above.

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2022-04-25 17:33 | Report Abuse

pineapple123...I think Fintec only acquired into Focus Dynamics around August to Sept 2021. After it skyrocketted in the year 2020. Correct me if I am wrong. Anybody.

FOCUS FINTEC GLOBAL BERHAD (35,654,800 units Acquired)
Tuesday, 7 Sep 2021
6:05PM
FOCUS FINTEC GLOBAL BERHAD (8,053,100 units Acquired)
Monday, 6 Sep 2021
5:55PM
FOCUS FINTEC GLOBAL BERHAD (14,090,700 units Acquired)
Friday, 3 Sep 2021
6:08PM
FOCUS FINTEC GLOBAL BERHAD (34,142,400 units Acquired)
Thursday, 2 Sep 2021
6:00PM
FOCUS FINTEC GLOBAL BERHAD (42,500,000 units Acquired)
Friday, 27 Aug 2021
6:09PM
FOCUS FINTEC GLOBAL BERHAD (93,500,000 units Acquired)
Thursday, 26 Aug 2021

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2022-04-25 17:25 | Report Abuse

HuatHuatHuatLa......true

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2022-04-22 19:01 | Report Abuse

YES, SELL THE LOT 631 LAND AND UPLIFT THE COMPANY FROM PN 17. GOOD NEWS FOR EVERYBODY.

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2022-04-22 18:55 | Report Abuse

RESIDENTIAL FREEHOLD 501.5 ACRES LAND FOR SALE IN SEMEMYIH. 25% BELONGS TO FINTEC. IMAGINE IF THE SALE IS SUCCESSFUL, IT WILL BE A WINDFALL FOR ALL FINTEC SHAREHOLDERS. SEACERA IS NOW PUSHING BY THE AMBANK AND THE HIGH COURT WINDING-UP ORDER DATED APRIL 13TH FORCING SEACERA TO SELL THIS LARGE PIECE OF TOWNSHIP DEVELOPMENT RESIDENTIAL LAND. IF INVESTORS STILL INTERESTED TO BUY FINTEC, BETTER BUY NOW. STILL CHEAP AT 1 SEN TO 1.5 SEN A SHARE. I AM LINING UP TO BUY AT 1 SEN FOR AGES, TAK BOLIH DAPAT. TAPI, FINTEC MANAGEMENT GIVES OUT ESOS AT 1 SEN FOR 20 MILLION SHARES RECENTLY. IF WANT TO GIVE, CAN GIVE TO ALL INVESTORS INSTEAD. SO MANY 1 SEN BUYERS ARE WAITING THERE DAILY IN THE KLSE.

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2022-04-22 16:48 | Report Abuse

With regards to all the ongoing court cases, this is what they commented in their Annual Report. The Directors after taking into consideration the facts of the above cases, in consultation with the
Group's and the Company’s solicitors, are of the opinion that the Group and the Company have
a good chance of success in defending the above cases.
However, on a prudence basis, on a case by case basis, certain liabilities were recognised based
on the claim amounts in the financial statements. As such, I believe that all their liabilities for Ambank and the total purchase price of the 501.5 acres of freehold land are already accounted for in their Accounts.

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2022-04-22 16:46 | Report Abuse

KUALA LUMPUR (April 13): Seacera Group Bhd said it has received a winding up statutory notice demanding a sum of RM34.64 million in connection with a share sale agreement (SSA).

In a bourse filing, Seacera said the notice was issued by solicitors acting for Ismail Othman, who signed the SSA with the group's subsidiary, Seacera Properties Sdn Bhd, in 2016.

Ismail is claiming the sum, which is inclusive of interests as of April 11, from Seacera as the group was the guarantor under the SSA.

Seacera said that based on advice of its solicitors, the group does not owe Ismail any further amount after a full settlement was made arising from a decision in a winding up court proceeding in February.

"The company will take necessary actions to defend our rights based on the legal advice from the appointed solicitors," it added.

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2022-04-21 16:30 | Report Abuse

Fintec acquired the stake through its subsidiary Fintec Global Ltd (FGL). With the latest purchase, Fintec now controls 25.47% in Seacera via FGL (10.15% or 61.09 million shares) and Asiabio Capital Sdn Bhd (15.32% or 92.27 million shares).
Fintec pointed out that Seacera has 501.5 acres of landbank in Semenyih, with its net asset per share of RM1.19 as at end-June 2020.

Seacera fell into PN17 status in April 2019, after it defaulted on a payment of principal and profits to AmBank Islamic Bhd. The group’s total facilities outstanding with AmBank was RM22.15 million at the time.

The company is scheduled for its next meeting with scheme creditors on Nov 9, 2021.

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2022-04-18 17:19 | Report Abuse

I ALSO DO NOT MIND IF FINTEC WERE TO GIVE ME A PRIVATE PLACEMENT FOR THE SAME AMOUNT AND SAME RATE FOR MY LONG TERM INVESTMENT.

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2022-04-18 17:16 | Report Abuse

REGARDING THE RECENT PLACEMENT DD 15/4/2022.

HAHAHAHAA...RM200,000-00 FINTEC PUN MAHU SAPU. FOR THE BUYER, IT IS EASIER TO BUY THAN WAITING AT 1 SEN QUEUE IN THE BURSA MARKET.

News & Blogs

2022-04-11 17:21 | Report Abuse

Saya pun mahu kasi pinjam. Bank hanya kasi saya 2.5% pa

News & Blogs

2022-04-11 17:20 | Report Abuse

Bravo to our MOF government and our BNM. 36% interest per annum is no joke. Ada lagi kah. mana ada peminjam yang bagitu banyak untung di Malaysia.?

News & Blogs

2022-04-11 17:12 | Report Abuse

This Airport land had been sold to a private company during the Pakatan Harapan state government administration. I thought that PH was very clean. They also did the same. Just one or two term government, already full of corruptions going on. How sad?

News & Blogs

2022-04-04 15:47 | Report Abuse

Russia voted for war. USA delighted opportunities aplenty. US, Poland and UK giving arms to Ukraine are exactly providing fuels to the Fire. They should send beautiful girls to Ukraine to help Russian armies settle well there in Ukraine as men can easily be overjoyed with sex and fun. In this way, beauties alone is more powerful than arms. PUTIN heard also wants to come to Ukraine to have fun. Such a simple logic KKY will agree with me. In this way, Ukraine women also need not run to other countries as refugees.

News & Blogs

2022-03-30 18:46 | Report Abuse

Zelenskyy knew all the while earlier that he could not win the war, it was better to talk to Russia for a peaceful settlement. True, but he was under the influence of the USA, Poland and the UK. All Ukrainians must pressure their President to kowtow to Putin instead of kowtowing to the US and UK. My opinion is that it is a mistake to vote in a Movie Comedian to run their country who, I think is more proficient in making movies and dramas for the world to see than to help maintain their country peace and prosperity.

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2022-03-30 18:29 | Report Abuse

It's OK as long as our Landmark NTA is still intact after this exercise. The control of Bintan Project Developments and Financing are now passed over to the Blumont Group in S'pore.

News & Blogs

2022-03-30 18:26 | Report Abuse

The above exercise is like shifting the above project developments and all subsequent financing to Blumont S'pore from Landmark Kuala Lumpur.

News & Blogs

2022-03-25 17:13 | Report Abuse

AZRB A to Z sure dapat.

News & Blogs

2022-03-23 16:48 | Report Abuse

I WONDER WHAT PAKATAN HARAPAN AND DAP DID TO HELP TBH EVEN THOUGH THEY WERE THE GOVERNMENT AFTER GE14. FOR 2 YEARS, DAP CAN HELP LGE TO REMOVE HIS CORRUPTION CASE ONLY. BUT THEY CRIED SO LOUD FOR TBH AND CONVINCED TBH'S PARENTS TO BELIEVE THEM 100% BEFORE THE GE14. BUT AFTER THEY WON THE GE14, EVERYBODY HAVE FORGOTTEN ABOUT TBH. DAP ONLY KNOWS HOW TO SAVE THEMSELF BUT NOT TBH'S FAMILY. HOW SAD?

News & Blogs

2022-03-23 16:37 | Report Abuse

Publish date: Mon, 21 Mar 2022, 09:13 AM
According to US, Russia has the most nuclear weapons in the world. Russia has 1,080 supersonic missiles which can travel 5 times faster than the speed of sound. Yesterday Russia fired the first supersonic missile to hit a Ukrainian military target. Russia has already bombed out more than 600 buildings, almost all the Ukrainian military bases and 48 schools etc. Russia is bound to win and Ukraine is bound to lose the war.

News & Blogs

2022-03-15 18:07 | Report Abuse

1MDB accounts (Formerly TIA) are very confusing. Not so simple as Tony Pua says.

Stock

2022-03-15 14:59 | Report Abuse

See Liao loh. Time for AZRB to buy back its own shares. Must support a bit lah. Cannot diam diam let it drops and drops like tahi.

News & Blogs

2022-03-15 14:52 | Report Abuse

Najib returned the money unused indicated that Najib was genuinely awared he was wrong. But Zeti and her husband used the money and kept them utill now showed other wise.

News & Blogs

2022-03-15 14:41 | Report Abuse

Uncle Koon. You have not undergone Army training before. Troops of convoy stucked on the way do not need to look for foods. Their ration of can foods and drinks can last for weeks and months. Only uncle Koon's vehicle got stucked in a jam need to go for snack or pee. Hahahaaa.. Uncle Koon, so naive.

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2022-03-10 17:09 | Report Abuse

Now turning to Stock buying Penny Stock Fintec.

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2022-03-10 17:09 | Report Abuse

bro musang King, you got Musang King plantation ka? Yes but got chopped down by the Forestry Dept recently. No more now. How sad?

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2022-03-10 17:07 | Report Abuse

Noted. BLee. Thanks for your clarifications. Yes, JJPTR posted an old article. Just hope our Fintec can one day go up to 30 sen a share. Kakakaaa

News & Blogs

2022-03-09 16:52 | Report Abuse

My sole purpose of writing this article is to inform all my readers why I sold all my Prestar, Leon Fuat and AYS to buy plantation stocks which are producing CPO. ------Yes, buy AZRB for they have huge oil palm plantations and lands. Now still trading at 21 sen per share.

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2022-03-09 16:44 | Report Abuse

alan123 : Trading stock also got receivables?
Receivables can it be bad debt and written off later?

True. Why got Trade Receivables in the first place. When we sell shares, we got our money within 2 days. Confusing really this Fintec Account. ???

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2022-03-07 16:18 | Report Abuse

Qtr to Qtr - Investment Securities up 48 Mil., Plant & Equipments incurred 24.6 Mil., Sold Short Term Investment 29 Mil. Cash at bank also dropped to 3 Mil as at date 31/12/2022. Accruals to pay 11 Million. Luckily, there is sufficient amount of 53.7 Millions Receivables to pay the Payables for the time being.

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2022-03-07 16:07 | Report Abuse

Crazy. People are buying 2.5 sen for CAP newly relisted on Friday. Truly conman company now NTA at Negative -3.0 sen yet inactive company. Might as well buy Fintec at 1.5 sen with positive NTA, and actively investing as an investment holding company. Hahahahahaaaa

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2022-03-07 15:58 | Report Abuse

In the current quarter ended 31 December 2021, the Group registered a revenue of RM10.6 million, resulting from the
selling of marketable securities. The Group recorded a loss of RM42.4 million in the current quarter ended 31 December
2021. The loss was mainly due to the fair value loss on the marketable securities of RM38.5 million. There is no preceding
year corresponding period comparison due to the change in the financial year end from 31 March to 30 June.

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2022-02-28 17:31 | Report Abuse

https://fb.watch/bsjWVqF3n4/ Receiving updates from Fintec via facebook.

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2022-02-24 18:43 | Report Abuse

I queue to buy at 1 sen. Tak bolih dapat. I hope someone sells to me too.

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2022-02-24 18:41 | Report Abuse

ESOS’s is dumping:- 500k..,500k…500k… many many rounds today....sato - possible because of the 20 millions latest ESOS figure.

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2022-02-24 18:40 | Report Abuse

Sellers sell at 1 sen today because of fear factor i.e. The Ukraine Russia War. Nothing lah. Russia attacks Ukraine because the Ukraine Opposition Parties asking Russia for help. Like once DSAI asking the Phillipines Rebels to attack Sabah the Pre-2018 era.. Kakakakkaaaa

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2022-02-18 15:59 | Report Abuse

Funny isnt it? More than 500 millions shares queued up to buy at 1 sen everyday. Fintec still have to issue ESOS at 1 sen today. ?????

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2022-02-17 15:04 | Report Abuse

How do you know the final results? Unless you are an accounting staff working inside.

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2022-02-16 16:49 | Report Abuse

gghaha if you want to know how much losses or gains that Fintec suffers or enjoys, just get the cost of acquisitions for Netx, Seacera and Focus Dynamics and compare them to the current market prices. Roughly we can see Fintec performances for the quarter. My rough idea only.

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2022-02-11 15:53 | Report Abuse

TODAY THROWING OF 1.0 SEN SHARES IN MILLIONS SHOWS THEIR OBJECTIVE AGAIN AND AGAIN. HOW TERRIBLE? HOW SAD? THEY SHOULD BUY. NOT THROW.

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2022-02-10 12:30 | Report Abuse

BLee and pineapple123. I too concur with you both. Happy Chinese New Year of the Tiger. May we all prosper together and May Blessings to all Malaysians holding on to all your stocks and prosper as well. May this Tiger year roars and brings new height to our KLSE and Bursa Malaysia.

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2022-01-29 15:07 | Report Abuse

pineapple123, you have posted 6 questions to me. Honestly I cannot answer to you for I am not part of the Fintec Management or Directors. Even if I answer you, it is only my guess works, So better let the Management and Directors answer you why they have no money to own any Fintec shares. Maybe still too expensive to buy, I think.

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2022-01-29 14:58 | Report Abuse

So fast Chinese New Year is here for us all to celebrate. I am taking this opportunity to wish everybody a Very Happy and Prosperous Chinese New Year 2022. HAPPY NEW YEAR & KONG HEE FATT CHOY to all my i3investor friends. May the New Year brings great wealth, good health, peace and excellent happiness to the Whole Wide World. _/\_ _/\_ _/\_ _/\_ _/\_ _/\_ /\_ _/\_ _/\_

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2022-01-26 17:34 | Report Abuse

TODAY I WROTE INTO THEIR FACEBOOK COMMENTING : Now Fintec is at its LOWEST. I am appealing to the Management of Fintec to buy back Fintec Shares on and off to stabilize its own share prices rather than stabilizing other Groups shares. DO NOT ISSUE anymore ESOS in Fintec as it hurts the investors confidence even more.
If the Management has any new updates that Fintec has, do share them into their Facebook and Linked-In. Investors like me can see you are genuinely updating and providing latest information to us as Investors. Thank you very much.

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2022-01-26 17:29 | Report Abuse

BLee. Thanks. Yes, Get what you mean. Applause. Do continue sharing.