Please learn more about XOX directors background

FUNDS from get-rich-quick and fake online investment schemes — such as JJ Poor to Rich, AAM Global Corp Sdn Bhd, MBI International Sdn Bhd, Water Beaute World Bhd and Syarikat Island Red Cafe Franchise Sdn Bhd — could have seeped into companies trading on Bursa Malaysia, a source familiar with the matter tells The Edge.

He says the movement of funds resulted in erratic trading of shares of the affected counters. “The stock exchange is one of the ways they use to legitimise their gains,” he said on condition of anonymity.

While the source cites a long list of counters, perhaps one of the most noteworthy is Water Beaute World Bhd, which has been on Bank Negara Malaysia’s “list of known companies and websites which are not authorised nor approved under the relevant laws and regulations administered by BNM” since May 9.

Water Beaute World surfaced as a substantial shareholder in Raya International Bhd (formerly Envair Holding Bhd) on Sept 2, 2015, with 5.61% equity interest or 7.32 million shares, and by the end of the month, it had 8.13% or 10.6 million shares. By the end of May last year, it had accumulated 17.94 million shares, or a 12.51% stake.

On June 10 last year, Water Beaute World sold its entire stake of 12.58% or about 18 million shares. Based on the closing price of 23 sen, Water Beaute World would have received RM4.2 million.

Since then, Raya International’s share price has not moved much.

Back when Water Beaute World was a shareholder, for no apparent reason, the share price surged more than 40% within a week to hit 36 sen on May 30, 2016. It is unlikely that Raya International, which makes air filter and carbon cartridges, could generate such interest on the strength of its earnings potential alone. For the first three months of FY2017, the company posted a net profit of only RM548,000 from RM23.10 million in sales.

While this churning may seem to be nothing out of the ordinary, WBW Global Sdn Bhd and AXD System Global Sdn Bhd — which have the same registered address (in Taman Shamelin Perkasa) and same business address (in Taman Bayu Tinggi, Klang) as Water Beaute World — have surfaced in Anzo Holdings Bhd (formerly Harvest Court Industries Bhd).

Water Beaute World and AXD share a director and shareholder in Lui Leong Eng, who has 25% in Water Beaute World and 89.2% in AXD.

WBW Global surfaced in Anzo at end-November 2016 with 18.86 million shares or 6.30% equity interest, while AXD surfaced on Jan 10 this year with 15.70 million shares or a 5.23% stake. AXD ceased to be a substantial shareholder after selling seven million shares on April 21.

From end-January to mid-April, Anzo’s share price gained more than 130%, from 23 sen to 54 sen. Since mid-April, it has fallen to regular levels and closed last Friday at 23.5 sen. A check on Anzo’s annual report indicates that WBW Global has 6.31% equity interest in the company and Water Beaute World has 3.68%.

But WBW Global is not cited as a substantial shareholder in Anzo. The largest shareholder with 22.38% is Datuk Chai Woon Chet.

Anzo, whose mainstay is timber products, suffered a net loss of RM4.63 million from revenue of RM12.26 million for the financial year ended March 31, 2017.

WBW Global surfaced as a substantial shareholder in Plastrade Technology Bhd on April 19, 2016, with 5.57% equity interest or 8.65 million shares. AXD surfaced on Nov 18 last year with a stake of 7.91% or 11.90 million shares. WBW Global ceased to be a substantial shareholder on the same day after selling 7.97 million shares.

AXD, meanwhile, accumulated 21.79 million shares or a 14.49% stake in Plastrade, but has yet to sell any shares although the share price has gained more than 290% from end-January to mid-May.

Plastrade, which manufactures polyethylene products, suffered a net loss of RM77,000 from revenue of RM12.74 million in the first three months of its 2017 financial year.

Last Friday, Plastrade ended trading at 34.5 sen.

Other erratic share price movements that defy logic include those at Seacera WA. Its share price shot up from four sen to 25 sen on April 14 before tumbling to 6.5 sen the next day. It then rose to 15.5 sen (when?).

Seacera WA was suspended from trading on April 27 and the last day to exercise its warrants was May 16, a day before it was de-listed.

Two other companies — Vizione Holdings Bhd and XOX Bhd — are linked to Anzo’s Chai. Chai is an executive director at Vizione but does not have a substantial shareholding. At XOX, he is managing director and is not a substantial shareholder as well.

Interestingly, XOX’s largest shareholder with 3.08% is WBW Global, while Water Beaute World has 3.01% equity interest
09/03/2021 1:46 PM
X
numberone KUALA LUMPUR (Aug 17): XOX Bhd’s managing director (MD) Datuk Eddie Chai Woon Chet has resigned from his position "due to other personal commitment which requires his full attention".
09/03/2021 1:49 PM

Please learn more about XOX directors background

FUNDS from get-rich-quick and fake online investment schemes — such as JJ Poor to Rich, AAM Global Corp Sdn Bhd, MBI International Sdn Bhd, Water Beaute World Bhd and Syarikat Island Red Cafe Franchise Sdn Bhd — could have seeped into companies trading on Bursa Malaysia, a source familiar with the matter tells The Edge.

He says the movement of funds resulted in erratic trading of shares of the affected counters. “The stock exchange is one of the ways they use to legitimise their gains,” he said on condition of anonymity.

While the source cites a long list of counters, perhaps one of the most noteworthy is Water Beaute World Bhd, which has been on Bank Negara Malaysia’s “list of known companies and websites which are not authorised nor approved under the relevant laws and regulations administered by BNM” since May 9.

Water Beaute World surfaced as a substantial shareholder in Raya International Bhd (formerly Envair Holding Bhd) on Sept 2, 2015, with 5.61% equity interest or 7.32 million shares, and by the end of the month, it had 8.13% or 10.6 million shares. By the end of May last year, it had accumulated 17.94 million shares, or a 12.51% stake.

On June 10 last year, Water Beaute World sold its entire stake of 12.58% or about 18 million shares. Based on the closing price of 23 sen, Water Beaute World would have received RM4.2 million.

Since then, Raya International’s share price has not moved much.

Back when Water Beaute World was a shareholder, for no apparent reason, the share price surged more than 40% within a week to hit 36 sen on May 30, 2016. It is unlikely that Raya International, which makes air filter and carbon cartridges, could generate such interest on the strength of its earnings potential alone. For the first three months of FY2017, the company posted a net profit of only RM548,000 from RM23.10 million in sales.

While this churning may seem to be nothing out of the ordinary, WBW Global Sdn Bhd and AXD System Global Sdn Bhd — which have the same registered address (in Taman Shamelin Perkasa) and same business address (in Taman Bayu Tinggi, Klang) as Water Beaute World — have surfaced in Anzo Holdings Bhd (formerly Harvest Court Industries Bhd).

Water Beaute World and AXD share a director and shareholder in Lui Leong Eng, who has 25% in Water Beaute World and 89.2% in AXD.

WBW Global surfaced in Anzo at end-November 2016 with 18.86 million shares or 6.30% equity interest, while AXD surfaced on Jan 10 this year with 15.70 million shares or a 5.23% stake. AXD ceased to be a substantial shareholder after selling seven million shares on April 21.

From end-January to mid-April, Anzo’s share price gained more than 130%, from 23 sen to 54 sen. Since mid-April, it has fallen to regular levels and closed last Friday at 23.5 sen. A check on Anzo’s annual report indicates that WBW Global has 6.31% equity interest in the company and Water Beaute World has 3.68%.

But WBW Global is not cited as a substantial shareholder in Anzo. The largest shareholder with 22.38% is Datuk Chai Woon Chet.

Anzo, whose mainstay is timber products, suffered a net loss of RM4.63 million from revenue of RM12.26 million for the financial year ended March 31, 2017.

WBW Global surfaced as a substantial shareholder in Plastrade Technology Bhd on April 19, 2016, with 5.57% equity interest or 8.65 million shares. AXD surfaced on Nov 18 last year with a stake of 7.91% or 11.90 million shares. WBW Global ceased to be a substantial shareholder on the same day after selling 7.97 million shares.

AXD, meanwhile, accumulated 21.79 million shares or a 14.49% stake in Plastrade, but has yet to sell any shares although the share price has gained more than 290% from end-January to mid-May.

Plastrade, which manufactures polyethylene products, suffered a net loss of RM77,000 from revenue of RM12.74 million in the first three months of its 2017 financial year.

Last Friday, Plastrade ended trading at 34.5 sen.

Other erratic share price movements that defy logic include those at Seacera WA. Its share price shot up from four sen to 25 sen on April 14 before tumbling to 6.5 sen the next day. It then rose to 15.5 sen (when?).

Seacera WA was suspended from trading on April 27 and the last day to exercise its warrants was May 16, a day before it was de-listed.

Two other companies — Vizione Holdings Bhd and XOX Bhd — are linked to Anzo’s Chai. Chai is an executive director at Vizione but does not have a substantial shareholding. At XOX, he is managing director and is not a substantial shareholder as well.

Interestingly, XOX’s largest shareholder with 3.08% is WBW Global, while Water Beaute World has 3.01% equity interest
09/03/2021 1:46 PM
X
numberone KUALA LUMPUR (Aug 17): XOX Bhd’s managing director (MD) Datuk Eddie Chai Woon Chet has resigned from his position "due to other personal commitment which requires his full attention".
09/03/2021 1:49 PM

Please learn more about XOX directors background

FUNDS from get-rich-quick and fake online investment schemes — such as JJ Poor to Rich, AAM Global Corp Sdn Bhd, MBI International Sdn Bhd, Water Beaute World Bhd and Syarikat Island Red Cafe Franchise Sdn Bhd — could have seeped into companies trading on Bursa Malaysia, a source familiar with the matter tells The Edge.

He says the movement of funds resulted in erratic trading of shares of the affected counters. “The stock exchange is one of the ways they use to legitimise their gains,” he said on condition of anonymity.

While the source cites a long list of counters, perhaps one of the most noteworthy is Water Beaute World Bhd, which has been on Bank Negara Malaysia’s “list of known companies and websites which are not authorised nor approved under the relevant laws and regulations administered by BNM” since May 9.

Water Beaute World surfaced as a substantial shareholder in Raya International Bhd (formerly Envair Holding Bhd) on Sept 2, 2015, with 5.61% equity interest or 7.32 million shares, and by the end of the month, it had 8.13% or 10.6 million shares. By the end of May last year, it had accumulated 17.94 million shares, or a 12.51% stake.

On June 10 last year, Water Beaute World sold its entire stake of 12.58% or about 18 million shares. Based on the closing price of 23 sen, Water Beaute World would have received RM4.2 million.

Since then, Raya International’s share price has not moved much.

Back when Water Beaute World was a shareholder, for no apparent reason, the share price surged more than 40% within a week to hit 36 sen on May 30, 2016. It is unlikely that Raya International, which makes air filter and carbon cartridges, could generate such interest on the strength of its earnings potential alone. For the first three months of FY2017, the company posted a net profit of only RM548,000 from RM23.10 million in sales.

While this churning may seem to be nothing out of the ordinary, WBW Global Sdn Bhd and AXD System Global Sdn Bhd — which have the same registered address (in Taman Shamelin Perkasa) and same business address (in Taman Bayu Tinggi, Klang) as Water Beaute World — have surfaced in Anzo Holdings Bhd (formerly Harvest Court Industries Bhd).

Water Beaute World and AXD share a director and shareholder in Lui Leong Eng, who has 25% in Water Beaute World and 89.2% in AXD.

WBW Global surfaced in Anzo at end-November 2016 with 18.86 million shares or 6.30% equity interest, while AXD surfaced on Jan 10 this year with 15.70 million shares or a 5.23% stake. AXD ceased to be a substantial shareholder after selling seven million shares on April 21.

From end-January to mid-April, Anzo’s share price gained more than 130%, from 23 sen to 54 sen. Since mid-April, it has fallen to regular levels and closed last Friday at 23.5 sen. A check on Anzo’s annual report indicates that WBW Global has 6.31% equity interest in the company and Water Beaute World has 3.68%.

But WBW Global is not cited as a substantial shareholder in Anzo. The largest shareholder with 22.38% is Datuk Chai Woon Chet.

Anzo, whose mainstay is timber products, suffered a net loss of RM4.63 million from revenue of RM12.26 million for the financial year ended March 31, 2017.

WBW Global surfaced as a substantial shareholder in Plastrade Technology Bhd on April 19, 2016, with 5.57% equity interest or 8.65 million shares. AXD surfaced on Nov 18 last year with a stake of 7.91% or 11.90 million shares. WBW Global ceased to be a substantial shareholder on the same day after selling 7.97 million shares.

AXD, meanwhile, accumulated 21.79 million shares or a 14.49% stake in Plastrade, but has yet to sell any shares although the share price has gained more than 290% from end-January to mid-May.

Plastrade, which manufactures polyethylene products, suffered a net loss of RM77,000 from revenue of RM12.74 million in the first three months of its 2017 financial year.

Last Friday, Plastrade ended trading at 34.5 sen.

Other erratic share price movements that defy logic include those at Seacera WA. Its share price shot up from four sen to 25 sen on April 14 before tumbling to 6.5 sen the next day. It then rose to 15.5 sen (when?).

Seacera WA was suspended from trading on April 27 and the last day to exercise its warrants was May 16, a day before it was de-listed.

Two other companies — Vizione Holdings Bhd and XOX Bhd — are linked to Anzo’s Chai. Chai is an executive director at Vizione but does not have a substantial shareholding. At XOX, he is managing director and is not a substantial shareholder as well.

Interestingly, XOX’s largest shareholder with 3.08% is WBW Global, while Water Beaute World has 3.01% equity interest
09/03/2021 1:46 PM
X
numberone KUALA LUMPUR (Aug 17): XOX Bhd’s managing director (MD) Datuk Eddie Chai Woon Chet has resigned from his position "due to other personal commitment which requires his full attention".

The above is story about
1. Eddie Chai Woon Chet
2. Ng Kok Heng (puppet hopeless managing director of XOX, use XOX cash for wrongful purpose by buying Macpie, Cheetah, and Nexion)
3. Roy Ho
Stay tune for more story about other directors and key men

KUALA LUMPUR (Aug 17): XOX Bhd’s managing director (MD) Datuk Eddie Chai Woon Chet has resigned from his position "due to other personal commitment which requires his full attention".

The resignation will take effect today, according to the mobile virtual number operator's stock exchange filing today.

Chai, 40, had been XOX’s managing director for over four years, following his appointment in Jan 13, 2014. He holds a diploma in business economics from a local instution, and is currently also MD of Main Market-listed Anzo Holdings Bhd, a company that is principally involved in construction and the manufacturing of timber doors.

Two executive directors have been named following Chai’s resignation. They are Chai’s predecessor Ng Kok Heng and incumbent independent director Tan Sik Eek. Ng was XOX’s MD from 2010 to 2013.

XOX shares closed unchanged at 7.5 sen today, valuing the group at RM74.48 million.

Please learn more about XOX directors background

FUNDS from get-rich-quick and fake online investment schemes — such as JJ Poor to Rich, AAM Global Corp Sdn Bhd, MBI International Sdn Bhd, Water Beaute World Bhd and Syarikat Island Red Cafe Franchise Sdn Bhd — could have seeped into companies trading on Bursa Malaysia, a source familiar with the matter tells The Edge.

He says the movement of funds resulted in erratic trading of shares of the affected counters. “The stock exchange is one of the ways they use to legitimise their gains,” he said on condition of anonymity.

While the source cites a long list of counters, perhaps one of the most noteworthy is Water Beaute World Bhd, which has been on Bank Negara Malaysia’s “list of known companies and websites which are not authorised nor approved under the relevant laws and regulations administered by BNM” since May 9.

Water Beaute World surfaced as a substantial shareholder in Raya International Bhd (formerly Envair Holding Bhd) on Sept 2, 2015, with 5.61% equity interest or 7.32 million shares, and by the end of the month, it had 8.13% or 10.6 million shares. By the end of May last year, it had accumulated 17.94 million shares, or a 12.51% stake.

On June 10 last year, Water Beaute World sold its entire stake of 12.58% or about 18 million shares. Based on the closing price of 23 sen, Water Beaute World would have received RM4.2 million.

Since then, Raya International’s share price has not moved much.

Back when Water Beaute World was a shareholder, for no apparent reason, the share price surged more than 40% within a week to hit 36 sen on May 30, 2016. It is unlikely that Raya International, which makes air filter and carbon cartridges, could generate such interest on the strength of its earnings potential alone. For the first three months of FY2017, the company posted a net profit of only RM548,000 from RM23.10 million in sales.

While this churning may seem to be nothing out of the ordinary, WBW Global Sdn Bhd and AXD System Global Sdn Bhd — which have the same registered address (in Taman Shamelin Perkasa) and same business address (in Taman Bayu Tinggi, Klang) as Water Beaute World — have surfaced in Anzo Holdings Bhd (formerly Harvest Court Industries Bhd).

Water Beaute World and AXD share a director and shareholder in Lui Leong Eng, who has 25% in Water Beaute World and 89.2% in AXD.

WBW Global surfaced in Anzo at end-November 2016 with 18.86 million shares or 6.30% equity interest, while AXD surfaced on Jan 10 this year with 15.70 million shares or a 5.23% stake. AXD ceased to be a substantial shareholder after selling seven million shares on April 21.

From end-January to mid-April, Anzo’s share price gained more than 130%, from 23 sen to 54 sen. Since mid-April, it has fallen to regular levels and closed last Friday at 23.5 sen. A check on Anzo’s annual report indicates that WBW Global has 6.31% equity interest in the company and Water Beaute World has 3.68%.

But WBW Global is not cited as a substantial shareholder in Anzo. The largest shareholder with 22.38% is Datuk Chai Woon Chet.

Anzo, whose mainstay is timber products, suffered a net loss of RM4.63 million from revenue of RM12.26 million for the financial year ended March 31, 2017.

WBW Global surfaced as a substantial shareholder in Plastrade Technology Bhd on April 19, 2016, with 5.57% equity interest or 8.65 million shares. AXD surfaced on Nov 18 last year with a stake of 7.91% or 11.90 million shares. WBW Global ceased to be a substantial shareholder on the same day after selling 7.97 million shares.

AXD, meanwhile, accumulated 21.79 million shares or a 14.49% stake in Plastrade, but has yet to sell any shares although the share price has gained more than 290% from end-January to mid-May.

Plastrade, which manufactures polyethylene products, suffered a net loss of RM77,000 from revenue of RM12.74 million in the first three months of its 2017 financial year.

Last Friday, Plastrade ended trading at 34.5 sen.

Other erratic share price movements that defy logic include those at Seacera WA. Its share price shot up from four sen to 25 sen on April 14 before tumbling to 6.5 sen the next day. It then rose to 15.5 sen (when?).

Seacera WA was suspended from trading on April 27 and the last day to exercise its warrants was May 16, a day before it was de-listed.

Two other companies — Vizione Holdings Bhd and XOX Bhd — are linked to Anzo’s Chai. Chai is an executive director at Vizione but does not have a substantial shareholding. At XOX, he is managing director and is not a substantial shareholder as well.

Interestingly, XOX’s largest shareholder with 3.08% is WBW Global, while Water Beaute World has 3.01% equity interest

ZULKIFLI ERSAL
KUALA LUMPUR: Harvest Court Industries Bhd's boardroom tussle took another twist yesterday when CEO and managing director Datuk Raymond Chan Boon Siew played back what he said was a recording of a conversation in which Datuk Eddie Chai Woon Chet admitted that he had a block of up to 34% share in the company, of which he is seeking control.
Chai, who was not aware of the recording, said he had a share of up to 34% in Harvest Court.
"It's approximately 33% or 34%, around there. If you dilute it a bit then I will add in a little tomorrow," Chai told Chan, who failed to get re-elected as a director at the company's recent AGM, when they met on May 14 this year.
This contradicts Chai's denial to the media in a press conference on June 16, 2014 that he had a controlling stake in Harvest Court. According to the listing requirements, a shareholder must make an MGO when its shareholding hits 33%.
In the recording, Chai also said he was supported by Kenneth Vun, another shareholder who holds a stake of more than 10%, contradicting what he told the press last month that he was not teaming up with Vun.
Thus far, Chai has given the impression that Harvest Court has defamed him, and has filed a lawsuit to that extent.
"In this case, it is either he is lying or I am lying. But I have on recording, Datuk Chai clearly stating that he has 33% or 34% of Harvest Court shares," Chan said.
When contacted by SunBiz, Chai denied he had mentioned to Chan that his shareholding in Harvest Court exceeded 33%.
"I don't know what are they (Harvest Court) are doing right now, I did not say this before," he said, adding that he needs to consult his lawyer for further action.
Filings with Bursa Malaysia showed Chai, through his private vehicle, Zenith City Investment Ltd, held a 20.95% stake in Harvest as at June 30.
Despite receiving a notice from Zenith and Syawaras to convene an EGM on August 8, Harvest Court's lawyer Gideon Tan stressed that Harvest Court will not circulate the notice to shareholders as the move has breached the takeover code.
Harvest Court said it filed a suit last Friday against Chai, Zenith and 32 other for breaching Section 9(1) of the Malaysian Code of Take Over and Mergers 2010 without first making an MGO to Harvest Court shareholders.
According to Chan, who holds a 7.05% stake in Harvest Court, the company's registered office received a bundle of 4,800 pieces of notice of meeting and an instruction to circulate the notice to shareholders last Friday.
"It would appear that Chai is not taking the proper steps that are in compliance with the law in his attempt to convene this EGM. He is forcing his way in with no regard for other shareholders.
"If the board of directors of Harvest cooperated and allowed him on the board, we would be a party to breaching the takeover code, and not acting in the interest of other shareholders," Chan said.
Zenith asked for the list of shareholders on July 4 and Harvest Court has 21 days to respond but it will not act on the request.
The resolutions to be put at an EGM seek the removal of chairman Datuk Mohamed Amir Abas, executive director Ng Wai Han and independent non-executive directors Zainuri Zainal and Woo Mun Chee and the appointment of three new directors – Datuk Seri Abdul Azim, Wong Kwai Wah and Chai himself.
It's notable that all six resolutions were not carried at Harvest Court's AGM last month.
Earlier, Chai said the move to remove the current directors was also due to the deterioration in the company's financial performance. He is looking to inject around RM1 billion property development and construction projects into Harvest Court if he gets control of the company.
Asked on Harvest Court's weak financial performance, Chan opined that the company could perform better if given more time to execute the business plans.
"Whatever he (Chai) said is a short-term result, we need to allow the medium- and long-term (plans) to take place before the results can come in, so it is premature to tell that we have losses in the short term, now he wants to come in," Chan said.
Chan is confident of turning around the company in the next 12 to 18 months, highlighting its clean balance sheet with no borrowings.
For the first quarter ended March 31, 2014, Harvest Court's net loss widened to RM1.3 million from RM816,000 a year ago, after it shut down its timber door section, and because of lower sales from the construction division.
Commenting on the suit filed by Chai against Harvest Court over its announcements made to Bursa Malaysia, Tan said the company will defend itself and seek to strike out the legal action.

The above is story about
1. Eddie Chai Woon Chet
2. Ng Kok Heng (puppet hopeless managing director of XOX, use XOX cash for wrongful purpose by buying Macpie, Cheetah, and Nexion)
3. Roy Ho
Stay tune for more story about other directors and key men.

KUALA LUMPUR (Aug 17): XOX Bhd’s managing director (MD) Datuk Eddie Chai Woon Chet has resigned from his position "due to other personal commitment which requires his full attention".

The resignation will take effect today, according to the mobile virtual number operator's stock exchange filing today.

Chai, 40, had been XOX’s managing director for over four years, following his appointment in Jan 13, 2014. He holds a diploma in business economics from a local instution, and is currently also MD of Main Market-listed Anzo Holdings Bhd, a company that is principally involved in construction and the manufacturing of timber doors.

Two executive directors have been named following Chai’s resignation. They are Chai’s predecessor Ng Kok Heng and incumbent independent director Tan Sik Eek. Ng was XOX’s MD from 2010 to 2013.

XOX shares closed unchanged at 7.5 sen today, valuing the group at RM74.48 million.

Please learn more about XOX directors background

FUNDS from get-rich-quick and fake online investment schemes — such as JJ Poor to Rich, AAM Global Corp Sdn Bhd, MBI International Sdn Bhd, Water Beaute World Bhd and Syarikat Island Red Cafe Franchise Sdn Bhd — could have seeped into companies trading on Bursa Malaysia, a source familiar with the matter tells The Edge.

He says the movement of funds resulted in erratic trading of shares of the affected counters. “The stock exchange is one of the ways they use to legitimise their gains,” he said on condition of anonymity.

While the source cites a long list of counters, perhaps one of the most noteworthy is Water Beaute World Bhd, which has been on Bank Negara Malaysia’s “list of known companies and websites which are not authorised nor approved under the relevant laws and regulations administered by BNM” since May 9.

Water Beaute World surfaced as a substantial shareholder in Raya International Bhd (formerly Envair Holding Bhd) on Sept 2, 2015, with 5.61% equity interest or 7.32 million shares, and by the end of the month, it had 8.13% or 10.6 million shares. By the end of May last year, it had accumulated 17.94 million shares, or a 12.51% stake.

On June 10 last year, Water Beaute World sold its entire stake of 12.58% or about 18 million shares. Based on the closing price of 23 sen, Water Beaute World would have received RM4.2 million.

Since then, Raya International’s share price has not moved much.

Back when Water Beaute World was a shareholder, for no apparent reason, the share price surged more than 40% within a week to hit 36 sen on May 30, 2016. It is unlikely that Raya International, which makes air filter and carbon cartridges, could generate such interest on the strength of its earnings potential alone. For the first three months of FY2017, the company posted a net profit of only RM548,000 from RM23.10 million in sales.

While this churning may seem to be nothing out of the ordinary, WBW Global Sdn Bhd and AXD System Global Sdn Bhd — which have the same registered address (in Taman Shamelin Perkasa) and same business address (in Taman Bayu Tinggi, Klang) as Water Beaute World — have surfaced in Anzo Holdings Bhd (formerly Harvest Court Industries Bhd).

Water Beaute World and AXD share a director and shareholder in Lui Leong Eng, who has 25% in Water Beaute World and 89.2% in AXD.

WBW Global surfaced in Anzo at end-November 2016 with 18.86 million shares or 6.30% equity interest, while AXD surfaced on Jan 10 this year with 15.70 million shares or a 5.23% stake. AXD ceased to be a substantial shareholder after selling seven million shares on April 21.

From end-January to mid-April, Anzo’s share price gained more than 130%, from 23 sen to 54 sen. Since mid-April, it has fallen to regular levels and closed last Friday at 23.5 sen. A check on Anzo’s annual report indicates that WBW Global has 6.31% equity interest in the company and Water Beaute World has 3.68%.

But WBW Global is not cited as a substantial shareholder in Anzo. The largest shareholder with 22.38% is Datuk Chai Woon Chet.

Anzo, whose mainstay is timber products, suffered a net loss of RM4.63 million from revenue of RM12.26 million for the financial year ended March 31, 2017.

WBW Global surfaced as a substantial shareholder in Plastrade Technology Bhd on April 19, 2016, with 5.57% equity interest or 8.65 million shares. AXD surfaced on Nov 18 last year with a stake of 7.91% or 11.90 million shares. WBW Global ceased to be a substantial shareholder on the same day after selling 7.97 million shares.

AXD, meanwhile, accumulated 21.79 million shares or a 14.49% stake in Plastrade, but has yet to sell any shares although the share price has gained more than 290% from end-January to mid-May.

Plastrade, which manufactures polyethylene products, suffered a net loss of RM77,000 from revenue of RM12.74 million in the first three months of its 2017 financial year.

Last Friday, Plastrade ended trading at 34.5 sen.

Other erratic share price movements that defy logic include those at Seacera WA. Its share price shot up from four sen to 25 sen on April 14 before tumbling to 6.5 sen the next day. It then rose to 15.5 sen (when?).

Seacera WA was suspended from trading on April 27 and the last day to exercise its warrants was May 16, a day before it was de-listed.

Two other companies — Vizione Holdings Bhd and XOX Bhd — are linked to Anzo’s Chai. Chai is an executive director at Vizione but does not have a substantial shareholding. At XOX, he is managing director and is not a substantial shareholder as well.

Interestingly, XOX’s largest shareholder with 3.08% is WBW Global, while Water Beaute World has 3.01% equity interest

The above is story about
1. Eddie Chai Woon Chet
2. Ng Kok Heng (puppet hopeless managing director of XOX, use XOX cash for wrongful purpose by buying Macpie, Cheetah, and Nexion)
3. Roy Ho
Stay tune for more story about other directors and key men.

KUALA LUMPUR (Aug 17): XOX Bhd’s managing director (MD) Datuk Eddie Chai Woon Chet has resigned from his position "due to other personal commitment which requires his full attention".

The resignation will take effect today, according to the mobile virtual number operator's stock exchange filing today.

Chai, 40, had been XOX’s managing director for over four years, following his appointment in Jan 13, 2014. He holds a diploma in business economics from a local instution, and is currently also MD of Main Market-listed Anzo Holdings Bhd, a company that is principally involved in construction and the manufacturing of timber doors.

Two executive directors have been named following Chai’s resignation. They are Chai’s predecessor Ng Kok Heng and incumbent independent director Tan Sik Eek. Ng was XOX’s MD from 2010 to 2013.

XOX shares closed unchanged at 7.5 sen today, valuing the group at RM74.48 million.

Please learn more about XOX directors background

FUNDS from get-rich-quick and fake online investment schemes — such as JJ Poor to Rich, AAM Global Corp Sdn Bhd, MBI International Sdn Bhd, Water Beaute World Bhd and Syarikat Island Red Cafe Franchise Sdn Bhd — could have seeped into companies trading on Bursa Malaysia, a source familiar with the matter tells The Edge.

He says the movement of funds resulted in erratic trading of shares of the affected counters. “The stock exchange is one of the ways they use to legitimise their gains,” he said on condition of anonymity.

While the source cites a long list of counters, perhaps one of the most noteworthy is Water Beaute World Bhd, which has been on Bank Negara Malaysia’s “list of known companies and websites which are not authorised nor approved under the relevant laws and regulations administered by BNM” since May 9.

Water Beaute World surfaced as a substantial shareholder in Raya International Bhd (formerly Envair Holding Bhd) on Sept 2, 2015, with 5.61% equity interest or 7.32 million shares, and by the end of the month, it had 8.13% or 10.6 million shares. By the end of May last year, it had accumulated 17.94 million shares, or a 12.51% stake.

On June 10 last year, Water Beaute World sold its entire stake of 12.58% or about 18 million shares. Based on the closing price of 23 sen, Water Beaute World would have received RM4.2 million.

Since then, Raya International’s share price has not moved much.

Back when Water Beaute World was a shareholder, for no apparent reason, the share price surged more than 40% within a week to hit 36 sen on May 30, 2016. It is unlikely that Raya International, which makes air filter and carbon cartridges, could generate such interest on the strength of its earnings potential alone. For the first three months of FY2017, the company posted a net profit of only RM548,000 from RM23.10 million in sales.

While this churning may seem to be nothing out of the ordinary, WBW Global Sdn Bhd and AXD System Global Sdn Bhd — which have the same registered address (in Taman Shamelin Perkasa) and same business address (in Taman Bayu Tinggi, Klang) as Water Beaute World — have surfaced in Anzo Holdings Bhd (formerly Harvest Court Industries Bhd).

Water Beaute World and AXD share a director and shareholder in Lui Leong Eng, who has 25% in Water Beaute World and 89.2% in AXD.

WBW Global surfaced in Anzo at end-November 2016 with 18.86 million shares or 6.30% equity interest, while AXD surfaced on Jan 10 this year with 15.70 million shares or a 5.23% stake. AXD ceased to be a substantial shareholder after selling seven million shares on April 21.

From end-January to mid-April, Anzo’s share price gained more than 130%, from 23 sen to 54 sen. Since mid-April, it has fallen to regular levels and closed last Friday at 23.5 sen. A check on Anzo’s annual report indicates that WBW Global has 6.31% equity interest in the company and Water Beaute World has 3.68%.

But WBW Global is not cited as a substantial shareholder in Anzo. The largest shareholder with 22.38% is Datuk Chai Woon Chet.

Anzo, whose mainstay is timber products, suffered a net loss of RM4.63 million from revenue of RM12.26 million for the financial year ended March 31, 2017.

WBW Global surfaced as a substantial shareholder in Plastrade Technology Bhd on April 19, 2016, with 5.57% equity interest or 8.65 million shares. AXD surfaced on Nov 18 last year with a stake of 7.91% or 11.90 million shares. WBW Global ceased to be a substantial shareholder on the same day after selling 7.97 million shares.

AXD, meanwhile, accumulated 21.79 million shares or a 14.49% stake in Plastrade, but has yet to sell any shares although the share price has gained more than 290% from end-January to mid-May.

Plastrade, which manufactures polyethylene products, suffered a net loss of RM77,000 from revenue of RM12.74 million in the first three months of its 2017 financial year.

Last Friday, Plastrade ended trading at 34.5 sen.

Other erratic share price movements that defy logic include those at Seacera WA. Its share price shot up from four sen to 25 sen on April 14 before tumbling to 6.5 sen the next day. It then rose to 15.5 sen (when?).

Seacera WA was suspended from trading on April 27 and the last day to exercise its warrants was May 16, a day before it was de-listed.

Two other companies — Vizione Holdings Bhd and XOX Bhd — are linked to Anzo’s Chai. Chai is an executive director at Vizione but does not have a substantial shareholding. At XOX, he is managing director and is not a substantial shareholder as well.

Interestingly, XOX’s largest shareholder with 3.08% is WBW Global, while Water Beaute World has 3.01% equity interest.

Based on cash flow valuation on siteira alone, DNEX is worth same as MYEG or IRIS, at least RM0.90... Sure go up nonstop after 1 year

OracleOfOmaha Take note and don't buy syndicate private placement, keep reminding by posting similar messages.

SOmeone just dumped 200-300M into the market continuously, beware of this stock, sharks do not goreng anymore.
These people are hired paid spammers to divert attention from pump and dump practice
They did private placement @0.0275, and throw hundred of millions of shares into market @0.03, let retailer carry their weight.

Then use this Company private placement money to manipulate another penny stocks bought by themselves, ie kstar and focus dynamics. Ended up lambo money cash is used to buy high priced focus and kstar.
31/01/2021 6:51 PM

XOX has no eddie and Hongkie, no price rise but keep dropping
There is no big shark here, everyone talks cock now
Eddie and Daniel already left the ship discreetly

0.045 x 4 = 0.018
everyone made loss if keep going down

There will be a super news coming out soon.
They will announce once all ESOS and options are exercised by the directors and employees.
Stay tune!

Hmm Dr M associate lost earlier award, 5G went to China Malaysia consortium....
For your interpretation =)

This round will test TP0.40 to 0.50 resistance level

Another super news is coming on this week, stay tune for the surprise

Latest news tell me that the agreement will give SGD50M budget annually.
This works out to SGD150M over 3 years, quite a windfall project even it fails after 3 years

What is a death cross and a golden cross?
A golden cross indicates a long-term bull market going forward, while a death cross signals a long-term bear market. Both refer to the solid confirmation of a long-term trend by the occurrence of a short-term moving average crossing over a major long-term moving average.May 18, 2020

Peeps, it is GOLDEN CROSS share price technical analysis now, please google ;)

Technical analysis shows a very rare golden cross, wow....
They havent even announce 5G partner agreement... smart management to release news bits by bits

Whats new here?

What i observed is sharks playing contra since last friday.
Buy 0.18, and sell 0.19, trending down.
The big support volume can suddenly disappear, 100% confirm manipulated.

@ Omaha, whats the news for Lambo or pakai tembak again?
I also sold all my XOX @ 0.24, let shark masturbate themselves, the volume 0.19 is so huge to move upward anymore, wait for another 5 years.

@Looking4goodstock
I cannot tell further, nobody is foolish to say it is insider news, this will land us into jail.
So it is just rumour rumour.
I heard rumour will be announced by this week or next week upon announcement of results.

They are quite smart, Datuk and Daniel bought again today

Start collection, biggest news is coming up.
Ant "Ma Yi" is coming GG!

Super news coming up next week, stay tune :)
Windfall to those bought today

I also sold all my 1M units @ 0.100, return of >50%!!
The prop traders are manipulating the volume now.
All these are market making service provided by prop traders.

No worries la, once announcement of super green results, you guys will feel super happy. My source from inside Company already told me the results. By end of Aug, this share will have a long waited breakthrough.

No worry, once announcement of profit is out, all of you will be happy.
They completed june financial closing, pending announcement by August.
Let naysayer keep barking here, bark earns nothing :) only investor does~

There was already leakage that the company generates 5Mil profit for 2020Q2, not that difficult to explain the recent surge after 30 june 2020 midyear closing. There was also rumour that minister circle people bought some stake below 2%. Invest by working with investor groups.

My friend working inside said minister people have bought, not sure what do they mean by excellent news will be announced next week thou. They keep refusing to share. I bought some 200k units today, pray hard wont be burnt

Friend working in the Company said there is a EXCELLENT good news next week, something related to minister circle people buying in.

Yes this week I heard will have very good news, stay tune

Data showed China’s manufacturing activity expanded in May. Investors have been monitoring China’s economic data for signs of recovery in the country, where the coronavirus was first reported.

I heard XDL has started their mask production recently. China has billion of population. If they can sell mask to just 10 million of citizen each month, say they sell at RMB10 each mask, easy can earn RMB100M each month alone.

The future of XDL is as bright as ever.

https://www.cnbc.com/2020/06/01/asia-markets-china-economic-data-coronavirus-currencies-in-focus.html

If today it rebound from morning 0.065, this will be the new resistant support level, amazing!

Bursa Malaysia allows up to 30 June to perform quarterly reporting for all companies due to COVID19, same goes to all my other shares, we will not see any results until end of June.

Hi Omaha, pm you.
I also heard that proptrader coming into XDL next, hopefully it is true, i gonna hold my stake for time being until reach its normal 0.9 to 1.2 level if safe.

丁鹏鹏今日发表文告说，，集团旗下的喜得狼新材料科技部门也将继续深入口罩产品的研发与技术创新，并提高生产量应付需求。

「即使是这次疫情结束之后，人民大众对生活方式和生活习惯带来的改变，具备抗菌防尘和时尚性为一体的换洗功能口罩，市场前景无限。」

他指出，集团推出的时尚具换洗功能的口罩，未来市场需求非常大。

他说，自疫情以来，中国包括格力集团丶利郎国际丶柒牌服饰等知名企业纷纷投入生产卫生防护及口罩用品。

「随着中国国内疫情消除，企业复工复产丶学校开学丶医院等在防护口罩需求剧增 ，中国国内一次性防护口罩已经达到1.3亿片产能，而实际需求达到5亿片以上，缺口持续；特别是3月以来全球疫情的加剧。」

「欧洲各国丶美国丶韩国丶日本等国家需求暴增，他们主要还是依靠中国出口，相关资料显示，在未来三到五个月内，一次性防护口罩的需求与缺口将持续增加至5倍（每天15亿片的需求）以上。」

喜得狼控股自大马上市以来与众多国际知名品牌如阿玛尼Armani丶斯凯奇Skechers丶迪尔多纳Diadora丶Seigio Tachini丶GAS丶 ARKISTAR丶 Roberto Cavalli丶 GUESS丶 North wave 丶 North Sails等深度合作。

https://9shares.my/%E5%96%9C%E5%BE%97%E7%8B%BC%E5%85%A8%E5%8A%9B%E7%94%9F%E4%BA%A7%E6%97%B6%E5%B0%9A%E5%8F%AF%E6%9B%BF%E6%8D%A2%E5%8F%A3%E7%BD%A9-%E5%86%80%E5%A1%AB%E8%A3%9C%E5%85%A8%E7%90%83%E5%8F%A3%E7%BD%A9%E4%BE%9B/

Dont stuck at this counter Kgroup as still big loss making. I heard the next move by proptraders would be XDL, dont hold long term, just go with the flow of goreng goreng

Heard the next will be goreng would be XDL, stay tune guys, but dont hold long term. Do not miss the chance

But do not hold for long term though, just goreng goreng for 1 - 2 weeks

I heard next prop traders want to goreng this stock, stay tune, recently a few penny stocks have been raid heavily