The Board of Directors of Dagang NeXchange Berhad wishes to announce that Innovation Associates Consulting Sdn. Bhd., a subsidiary of the Company had accepted the Letter of Acceptance from the Inland Revenue Board of Malaysia (“IRB”) in relation to software maintenance and support as well as applications improvements of the IRB’s Hasil Integrated Taxation Systems (“HITS Project”).



The tenure of the HITS Project is for a period of two (2) years from 15 February 2024 to 14 February 2026. The total value of the HITS Project amounts to RM11,168,840.00.



The Board of Directors is of view that the HITS Project is in the best interest of the Company and is expected to contribute positively to the earnings and net assets per share of the Company for the financial year ending 31 December 2024 onwards.



The Board of Directors do not foresee any exceptional risks other than the normal operational risks associated with the HITS Project.



None of the directors and/or major shareholders and persons connected with a director or major shareholder has any interest, direct or indirect, in the HITS Project.



This announcement is dated 22 February 2024.

i think it is margin call??

what happend?

worse part is hibicus doing nothing about it. They have Share Buy back options upto 10% but never but. They are cash rich.

Yes. Very abnormal to have this price level. Be reminded that strong USD definitely help on their profit.

Share buy back approved but never buy back

what happened?

what happend?

may i know anyone ask about share buy back?

https://www.theguardian.com/world/2022/nov/30/us-and-canada-urge-china-not-to-harm-zero-covid-protesters-amid-calls-for-crackdown

https://www.bloomberg.com/news/articles/2022-11-29/chinese-city-hosting-key-iphone-plant-lifts-covid-lockdown

the current price might see breakthrough after SBB. if you notice now the oil price is consider week but still close to multiple month high. Either SBB or higher oil price will trigger the breakout.

once they trigger the SBB...it will fly 20cents easily. may i know after the AGM, how fast they can trigger Share Back?

QR out.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3308195

once trigger share buy back...should be around 1.2

The QR will not be good compared to previous Q due to short of 1 time offload and oil price average a but lower than previous Q.

pity who bet on this share...cacat.

Told u all...

either later evening or tomorrow will shoot up. Yesterday BB disposed quite a lot to monitor the FED rate impact. Oil price didn't collapse. a lot of them is waiting opportunity to buy back.

Cacat punya share...lucky switch to hibiscus when it was 0.78

pathway to 1.2 by next QR release

oversold...

https://www.theedgemarkets.com/article/hibiscus-petroleum-unit-gains-control-remaining-30-interest-uk-production-licence

what happend?

paid tax 85mil

will MYEG up if election coming?

with this currency....Dnex selling at USD....revenue will only improve!! but this is not for contra players..below 0.75 is a valuable buy.

another time bomb of termination of work permit will come....might dip below 0.8....that time is a good chances to collect...

personally i think sell above RM1 and wait for opportunity. As Oct approaching, Sabah government can anytime throw a time bomb to cancel all work permit to Hibiscus with immediate effect....not sure what impact on hibiscus plus oil price is weak now...may drop back to 0.8x range

this share has its own thought...oil up it cannot up....nasdaq up it cannot up....after everyone throw then it up a bit...just to piss u off

Seriously....Toyota....doesnt make sense...too much selling pressure

banker throw this share as if some serious bad news is coming!!!

Iran oil back to market going to send the oil price below USD90

dunno until what extend the banker wanna short the price

new business signed MOU...record earning....this kinda shittttt

Dnex is a highly manipulated share!!!!!

why wait for 1/9/2022??

There was a dividend paid this year..seems like a lot of you are new to hibiscus

GG

oh no...

really hope not today QR...let tomorrow reach RM1. first...

doesnt look good. other tech counter 4-7% surge

this kind of volume scary

actually worst case they just pay the SST which they have been paying since 2020

what happend???

2 months back when oil hit USD100....hibiscus is at RM1.2..now USD strong...oil strong...it is going to earn like crazy

IB will soon come out and say trading buy!!

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3273582

once RM4 share became penny stock