(Excerpt from yesterday announcement)
Various discussions were held between the parties to deliberate on the option of financial instruments to be used for purpose of raising the aforementioned funds. Of the options discussed, the parties had sought to opt for the possible issuance of Irredeemable Convertible Preference Shares (“ICPS”) in DNeX Semi amounting to RM100 million to be issued to and subscribed by MIMAS (“Proposed Investment”). The Proposed Investment forms the subscription exercise that was the subject of the Subscription Agreement dated 21 January 2022 entered between DNeX Semi, MIMAS and DNeX (“SSA”) by which MIMAS would become a 33.33% shareholder of DNeX Semi in return for a payment of RM100 million. The rights of the DNeX Semi and MIMAS as shareholders was to be regulated by the Shareholders Agreement dated 21 January 2022 entered between DNeX Semi, MIMAS and DNeX (“SHA”).
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The SSA and SHA were not publicly revealed, hoewever, DNex could be at the better stand, after all, the Notice of Arbitration was issued and served by DNex to MIMAS, not the other way round ..... my personal opinion is, DNex performs responsible manner to the dispute by seeking clarification on the Asian International Arbitration Centre Arbitration Rules ..... GCP /MIMAS is still their 40% partner, DNex wants to settle the dispute in good manner ......

(Excerpt from yesterday announcement)
Various discussions were held between the parties to deliberate on the option of financial instruments to be used for purpose of raising the aforementioned funds. Of the options discussed, the parties had sought to opt for the possible issuance of Irredeemable Convertible Preference Shares (“ICPS”) in DNeX Semi amounting to RM100 million to be issued to and subscribed by MIMAS (“Proposed Investment”). The Proposed Investment forms the subscription exercise that was the subject of the Subscription Agreement dated 21 January 2022 entered between DNeX Semi, MIMAS and DNeX (“SSA”) by which MIMAS would become a 33.33% shareholder of DNeX Semi in return for a payment of RM100 million. The rights of the DNeX Semi and MIMAS as shareholders was to be regulated by the Shareholders Agreement dated 21 January 2022 entered between DNeX Semi, MIMAS and DNeX (“SHA”).
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The SSA and SHA were not publicly revealed, hoewever, DNex could be at the better stand, after all, the Notice of Arbitration was issued and served by DNex to MIMAS, not the other way round ..... my personal opinion is, DNex performs responsible manner to the dispute by seeking clarification on the Asian International Arbitration Centre Arbitration Rules ..... GCP /MIMAS is still their 40% partner, DNex wants to settle the dispute in good manner ......

Revised issue price from 0.14 to 0.22 is no doubt, put SYF shares in higher value .... issue less shares for M&A securities acquisition, directors and employees of SYF, M & A Securities eligible for the restricted issue have to pay a higher price .....

This good thing could be not benefit the retailers, they might have sold their holding at around 0.30 after holding almost one year or more, at not much gain .... if they re-enter now, they would facing new opportunity and risk ..... :-)

osted by Calbiz > 3 hours ago | Report Abuse

*DNeX meeting keytakes (Zoom)*

*Date: 17 Nov 2022*

*Management: TS Syed Zainal Abidin (CEO) and team*

*Key takeaways:*

- Mgmt noted that DNEX still owns 60% of Silterra currently.
- Mgmt noted that there might be some misunderstanding on the acquisition – infact the funding was all from DNEX via internal funds, not ICPS.
- The issuance of ICPS – was the instrument for future funding.
- The reason of the arbitration – it could trigger a breach of the manufacturing license due to explanation in the announcement – and mgmt did so to protect the shareholders.
- Partner of CGP is of the different opinion, and mgmt did so to protect the interest the shareholders.
- But mgmt thinks this should NOT affect the operations and Dnex wants to make sure Silterra's expansion is on track.
- Next step of process: Unable to give the details at this juncture – as guided by the process of arbitration. Mgmt will continue to protect Silterra so that it will not breach the manufacturing license and protect the interest of shareholders.
- Arbitration taken this round is to resolve the different opinions from both parties.
- Manufacturing license is still intact; mgmt has checked with MITI on this.
- What will be the outcome? Cannot draw a conclusion as yet.

*Q&A*

- Accordingly to mgmt, both parties (DNEX & MIMAS) respect the process, and best way (maybe) is to go to arbitration.
- Alternative funding options if MITI does not approve CGP’s ICPS – mgmt thinks that there could be two parts of funding – Silterra (strong cash position) and group’s level (strong cash position)
- Impact of LTA? Mgmt thinks that the disagreement might not affect LTA just because of this issue – because all was done professionally from the beginning – with the customers.
- The ICPS has not been issued hence CGP has no right to subscribe the additional shares.
- Impact if worst case? Mgmt will try its very best to make sure that the manufacturing license to be intact.

*Closing remarks*

- DNex is still very much in control of the operation. And the manufacturing license is still intact, and will make sure the license will not be breached.
- Operation will not be affected – no concern on this
- Mgmt is confident that this will be resolved ultimately and the utmost priority will be to protect the interest of shareholders.

Thanks!
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- Mgmt noted that there might be some misunderstanding on the acquisition – infact the funding was all from DNEX via internal funds, not ICPS.
- The issuance of ICPS – was the instrument for future funding.

If these are the facts, DNex is in better position to settle the arbitrage ..... contradict to some ppl understanding, that DNex issue the ICPS for acquisition.

Different from SerbakD too, this doesn;t involve fake account, fake orders, but merely funding at corporate level, which has no effect on operations. In in the right path, DNex not to violate the condition set by MITI.

This counter has a lot of retailers,
10,001 to 100,000 ; 10,964 persons hold 373,815,253 shares ( 11.84%)
100,001 to less than 5% of issued shares ; 2,308 persons hold 2,314,061,095 shares (73.32%)
5% and above of issued shares , 1 person holds 359,000,000 shares (11.37%)

make the counter subject to wild fluctuation ........

2. DETAILS OF AMENDMENTS/VARIATION TO THE SSPA
The following are the amendments/variation to the SSPA: -
(a) The following definitions of Clause 1.1 (Definitions) of the SSPA shall be deleted and replaced with the following:
“Consideration Shares means 1,009,090,909 new SYF Shares to be issued by SYF to Insas at the issue price of RM0.22 per Consideration Share as full settlement of the Purchase Consideration, and subject to such adjustments as contained in the SSPA.”
“Proposed Rights Issue means the renounceable rights issue of new SYF Shares to Shareholders on the basis of one (1) Rights Share for every two (2) existing SYF Shares at the issue price of RM0.22 per Rights Share at such entitlement date to be decided at a later date under which, the holders of the Consideration Shares and Restricted Issue Shares will not be entitled to participate.”
“Proposed Restricted Issue means the issue of new SYF Shares to eligible directors and employees of SYF, M & A Securities, other subsidiaries of SYF and persons who have
contributed to the business and growth of M & A Securities representing not more than ten percent (10%) of the enlarged share capital of SYF after the Proposed Acquisition, at an issue price of RM0.22 per Restricted Issue Share.”
(b) The Clause 4.1 (Satisfaction of Purchase Consideration) of the SSPA shall be deleted and replaced with the following:
“On the Completion Date, SYF must satisfy the Purchase Consideration by the issuance and allotment to Insas of the Consideration Shares (at an issue price of RM0.22 per Consideration Share) at an aggregate value equivalent to the Purchase Consideration.”
Save for the above, all the terms and conditions of the SSPA and Supplemental SSPA are unaffected and remain in full force and effect.

Revenue flat, profit dropped severely (more than 50%) ......

Going to announce good Q result?

T4Q result: EPS= 8.95 Cent ; P/E= 22.68
Annualised: EPS= 8.92 Cent ; P/E= 22.76

cannot already, Q result sliding ......

where can read the Dato comment?

Those sold above 0.32 can consider to buy back now .... safety margin is 0.32.... :-)

Mr. Lee and family are all very smart and clever persons

Yes! if BN wins, can co-operate and become minister again .... let Muhyidin and Bersatu go to hell !!!

Daily Trading Participation
As at 27 October 2022

Participation Participation % Bought (RM Mil) Sold (RM Mil) Net (RM Mil)
Foreign 26.27% 554 429 125
Local Institution 47.19% 832 933 -101
Local Retail 26.54% 484 508 -24
Total 100.00% 1,870 1,870 0

i3 political elites are as good as i3 investment sifus .... provide very good political opinion / investment advice to guide i3 members .....

The 15th General Election (GE15) is the best stage to end the political career of Datuk Seri Anwar Ibrahim and Tun Dr Mahathir Mohamad.
Barisan Nasional (BN) communications director Datuk Seri Dr Shamsul Anuar Nasarah said .......
~~~~~~~~~~~~~~~~~~~~~~~~
Seemed that i3 elite share the same view as Datuk Seri Dr Shamsul Anuar Nasarah too .... is very wise for Datuk Seri Zahid Hamidi pressed for parliament dissolve to end the opponents political carrier !!

Waiting for Anwar and PH to make you PM again, right?

Spend more money and achieve highest ever debt ..... anyway is not his money or your money, all malaysian will pay .....

mr, loo is a very smart and clever person

Daily Trading Participation
As at 26 October 2022

Participation Participation % Bought (RM Mil) Sold (RM Mil) Net (RM Mil)
Foreign 21.19% 422 340 82
Local Institution 50.27% 895 914 -19
Local Retail 28.55% 482 545 -63
Total 100.00% 1,800 1,800 0

FF becomes the only net buyer again ......

The most impressive job he does is, controls the market price effectively .....

Q result impressive, strong recovering .....

The comment column is too small

mr. loo will not let it be so easy ....

Daily Trading Participation
As at 25 October 2022

Participation Participation % Bought (RM Mil) Sold (RM Mil) Net (RM Mil)
Foreign 27.91% 518 466 52
Local Institution 48.21% 842 858 -17
Local Retail 23.87% 403 438 -35
Total 100.00% 1,763 1,763 0

Open yr eyes big big and see, only FF was net buying ......

Daily Trading Participation
As at 21 October 2022

Participation Participation % Bought (RM Mil) Sold (RM Mil) Net (RM Mil)
Foreign 27.06% 418 398 21
Local Institution 48.88% 752 723 29
Local Retail 24.06% 338 388 -50
Total 100.00% 1,508 1,508 0

Retailer ---> the only net seller

by colonized india again?

Finally .... no choice, have to let the indian becomes Pm, after the british doll can't perform ....... (sigh)

Wary of i3 Sifus /Guru too ..... Sifus /Guru come to promote when want to unload their holdings bought earlier, especially after they bought, the market price sliding down ......
in contrast,
when they want to load, they de-pomote the counters , figure out a very low TP to jeopardize others wiiling to buy .....

Not only sifu /guru level, even an ordinary member, could be a despicable human being, so, be ware, don;t be so naive ........

Daily Trading Participation
As at 20 October 2022

Participation Participation % Bought (RM Mil) Sold (RM Mil) Net (RM Mil)
Foreign 44.27% 1,107 1,191 -84
Local Institution 38.69% 1,065 944 121
Local Retail 17.04% 424 461 -37
Total 100.00% 2,596 2,596 0

Retailers also sold their holding yesterday .......

many value trap counters, osk, mulpha, icap .......

Additional Listing Announcement /Subdivision of Shares
1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal ESOS
Details of corporate proposal Exercise of share options
No. of shares issued under this corporate proposal 34,000
Issue price per share ($$) Malaysian Ringgit (MYR) 4.6800

2. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal ESOS
Details of corporate proposal Exercise of share options
No. of shares issued under this corporate proposal 6,000
Issue price per share ($$) Malaysian Ringgit (MYR) 4.1800

3. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal ESOS
Details of corporate proposal Exercise of share options
No. of shares issued under this corporate proposal 1,000
Issue price per share ($$) Malaysian Ringgit (MYR) 3.5100

4. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal ESOS
Details of corporate proposal Exercise of share options
No. of shares issued under this corporate proposal 2,000
Issue price per share ($$) Malaysian Ringgit (MYR) 3.9400

Latest issued share capital after the above corporate proposal in the following
Units 540,611,618
Issued Share Capital ($$) Malaysian Ringgit (MYR) 280,763,638.310
Listing Date 25 Oct 2022

Why waiting? Do you know why? ..... opportunity to buy @3.51, 3.94, 4.18, 4.68 .......

Daily Trading Participation
As at 19 October 2022

Participation Participation % Bought (RM Mil) Sold (RM Mil) Net (RM Mil)
Foreign 27.99% 454 507 -53
Local Institution 46.64% 830 772 58
Local Retail 25.37% 433 438 -5
Total 100.00% 1,718 1,718 0

Daily Trading Participation
As at 18 October 2022

Participation Participation % Bought (RM Mil) Sold (RM Mil) Net (RM Mil)
Foreign 27.55% 523 420 103
Local Institution 44.99% 716 824 -108
Local Retail 27.45% 473 467 6
Total 100.00% 1,711 1,711 0

Open yr eye big big and see, local institution is selling now ......

Changes in Director's Interest (Section 219 of CA 2016)
UNISEM (M) BERHAD

Information Compiled By KLSE

Particulars of Director
Name MR FRANCIS CHIA MONG TET
Descriptions(Class) Ordinary Shares
Details of changes
Date of change
No of securities
Type of transaction
Nature of Interest
17/10/2022
500,000
Disposed
Indirect Interest

Could insas be regarded as a value trap counter?

Daily Trading Participation
As at 17 October 2022

Participation Participation % Bought (RM Mil) Sold (RM Mil) Net (RM Mil)
Foreign 24.78% 343 395 -53
Local Institution 47.79% 736 687 49
Local Retail 27.43% 410 406 4
Total 100.00% 1,489 1,489 0

FF still the net seller .....

Be careful with semiconductor ctrs that have investment in China, Biden imposes stern restrictions on the industries in China ......

Daily Trading Participation
As at 14 October 2022

Participation Participation % Bought (RM Mil) Sold (RM Mil) Net (RM Mil)
Foreign 27.18% 429 528 -99
Local Institution 49.17% 920 812 109
Local Retail 23.65% 412 421 -10
Total 100.00% 1,761 1,761 0

will get 7sen more?

Daily Trading Participation
As at 12 October 2022

Participation Participation % Bought (RM Mil) Sold (RM Mil) Net (RM Mil)
Foreign 28.00% 394 479 -84
Local Institution 48.66% 778 740 38
Local Retail 23.34% 387 341 46
Total 100.00% 1,559 1,559 0

FF continue selling ..... get back their USD?

Tonight US CPI would be announced ..... :-)

Daily Trading Participation
As at 11 October 2022

Participation Participation % Bought (RM Mil) Sold (RM Mil) Net (RM Mil)
Foreign 31.10% 509 648 -139
Local Institution 46.30% 900 821 79
Local Retail 22.59% 450 390 60
Total 100.00% 1,859 1,859 0

Retailers took the bargain opportunity to buy more ..... while FF sold more ......

today, again, there are holders give up waiting and sold @0.30

A fixed income stock ..... drops from 4.99 to 4.92, soooo miserable ........

Will buy at 1.80 :-)

GE brings a lot of uncertainties, another good reason for FF leaving ......

Daily Trading Participation
As at 07 October 2022

Participation Participation % Bought (RM Mil) Sold (RM Mil) Net (RM Mil)
Foreign 30.45% 365 508 -143
Local Institution 44.61% 708 572 136
Local Retail 24.93% 361 354 7
Total 100.00% 1,434 1,434 0

FF keep on selling ......

waiting too long, some holders sell their holding?

Don't know what they are going to do with all the cash .... if invest like MAA , all gone ......