http://www.bursamalaysia.com/market/listed-companies/company-announcements/5363329

Beauty and skincare e-commerce business

Moving up today further surprising announcements may be coming

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5363329

The Board of Directors of MNC is pleased to announce that the Company has on 10 March 2017 incorporated a new wholly-owned subsidiary, namely Maise Beauty Sdn. Bhd. (Registration No. 1221667-D) (“MBSB”), under the Companies Act 2016.

The total share capital of MBSB is RM2.00 comprising two (2) ordinary shares. The intended principal activities of MBSB are to carry out the business of beauty and skincare products for retail business, e-commerce, import and export business.

The Directors of MBSB are Mr Tan Chor How Christopher and Ms Pang Siaw Sian.

The incorporation of MBSB have no effect on the share capital and substantial shareholders’ shareholdings of the Company and have no material effect on earnings per share nor net assets per share of MNC for year ending 31 December 2017.

None of the Directors and/or Major Shareholders of the Company and/or persons connected with Directors and/or Major Shareholders has any interest, direct or indirect, in the incorporation of MBSB.

This announcement is dated 10 March 2017.

Go to this link for MNC's latest Q4 report:
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=194869&name=EA_FR_ATTACHMENTS

Quarter 3
Total equity: 6,345,000
Total liabilities: 7,405,000
Cash and bank balances: 1,719,000
Net tangible asset (NTA): 0.067

Quarter 4
Total equity: 34,080,000
Total liabilities: 6,637,000
Cash and bank balances: 23,537,000
Net tangible asset (NTA): 0.0902


So total shareholders equity is enlarged 537% after rights issues exercise with Mtronic still the largest shareholder.

It's cash & bank balances have increased 1369% about 13.69 multiple times compared to Q3 so it is in "Netcash" position now.

Moreover, it's NTA has increased 34.63% to 0.0902 now.

Since it still has some borrowings reported in Q4 with total RM 2,769,000 the gearing ratio is at lowest 6.8% now compared to 20.44% in Q3. Refer it below:

Quarter 3
*Long-term borrowings: 2,654,000
*Short-term borrowings: 157,000
Total borrowings: 2,811,000
Total equity & liabilities: 13,750,000
Cash and bank balances: 1,719,000
Gearing ratio: 20.44%
Debt-to-Equity ratio: 1.17

Quarter 4
*Long-term borrowings: 2,604,000
*Short-term borrowings: 165,000
Total borrowings: 2,769,000
Total equity & liabilities: 40,717,000
Cash and bank balances: 23,537,000
Gearing ratio: 6.8%
Debt-to-Equity ratio: 0.19

Congrats to everyone.

Should be out this week or next

Q4 rpt should be out this week. If u noticed tht some people or group has queue up for the WB warrant which is just listed recently. Strong support of interest at 0.02-0.025. There is intention to push up the mother share which will benefit the warrant holders. Most probably they will use the soon qtr report to push so followers of this should get ready.

Notice others keep buying. Could be collecting until surprise to happen.

Something stir up the share soon? Looks like some hand accumulating