MITI allows 18 manufacturing and manufacturing-related services (MRS) sectors to operate under MCO between June 1-14, subject to approval letter from the ministry

MITI allows 18 manufacturing and manufacturing-related services (MRS) sectors to operate under MCO between June 1-14, subject to approval letter from the ministry

>>> MITI allows 18 manufacturing and manufacturing-related services (MRS) sectors to operate under MCO between June 1-14, subject to approval letter from the ministry

>>> MITI allows 18 manufacturing and manufacturing-related services (MRS) sectors to operate under MCO between June 1-14, subject to approval letter from the ministry

https://www.theedgemarkets.com/article/miti-allows-18-manufacturing-and-manufacturingrelated-services-mrs-sectors-operate-under-mco

https://www.theedgemarkets.com/article/miti-allows-18-manufacturing-and-manufacturingrelated-services-mrs-sectors-operate-under-mco

Today limit down to 43.5sen
Tomorrow limit down to 13.5sen

Bye bye to Ping and Silterra.

Everyone is happy to buy DNEX below 10s next week.

Happy always ~

DATAPRP 8338 Yearly revenue less than 40M (Quarter revenue in between 7M to 13M), but capital greater than 2.7B during the peak price in March (Current capital 1.1B).

DNEX 4456 quarter revenue in between 45M to 64M, but current capital only 1.7B, very poor performance.

Sell !!! Sell !!! Sell !!!

downtrend... downtrend...
sell... sell... sell...
i'm waiting 50 sen...

On behalf of the Board, UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") is pleased to announced that DNeX had on 22 January 2021 entered into a share sale and purchase agreement ("SSPA") with a group of Vendors (as defined in Section 2.6 of this announcement) for the proposed acquisition of the 60% issued share capital in PING for a purchase consideration of USD78,000,000 (equivalent to RM314,340,000) to be satisfied via a combination of:-

(a) cash amounting to USD40,950,000 (equivalent to RM165,028,500) ("Cash Consideration");
(b) the allotment and issuance of up to 360,000,000 new DNeX Shares based on an issue price which shall be determined at a later date based on reference to the 5-day volume weighted average market price ("VWAP") of DNeX Shares up to and ending on 2 business days before the Completion Date of the SSPA ("Consideration Shares"); and
(c) the allotment and issuance of new redeemable non-convertible preference shares in DNeX Energy ("RPS") based on the issue price of RM1.00 per RPS ("Consideration RPS"),
provided that the aggregate value of Consideration Shares and Consideration RPS shall not exceed USD37,050,000 (equivalent to RM149,311,500), based on the terms and conditions contained in the SSPA ("Proposed Acquisition").


"Completion Date" refers to the date on which all the conditions precedent to the SSPA are satisfied on a date falling within 6 calendar months after the date of SSPA, or such later date as the parties to the SSPA may agree in writing.

candle keep created lower low...
the price is continue falling, it may go to 0.53 to 0.58 area...
wait the price retrace end first...
all the best...

dow jones -681.500 (-1.989%)
nasdaq -357.745 (-2.672%)
s&p 500 -89.060 (-2.145%)

limit up never happen for dnex many many years ago

80 sen buy
70 sen buy
60 sen buy
50 sen buy
price not important,
value more important !!!

MCO3.0 all stock crash !!!

ESTIMATED TIMEFRAME FOR COMPLETION
Barring any unforeseen circumstances and subject to all required approvals being obtained,
the Proposed Private Placement is expected to be completed by the second quarter of 2021

31 December 2021, still have 7 months to go !!! (https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3128799)

Around 440M PP shares issued during first round and most of it are 30sen and below. (Only 34M at 73sen)

Do you think it will complete 890M PP at current overvalued price?

today is red bull day

this is so called Rebound,
not Trend Reversal.

Total amount of cash received from previous private placement and warrant conversion is around 200M.

DNEX need to pay 165M cash for Ping acquisition, thus only left 35M cash for Silterra acquisition.

For Silterra acquisition, DNEX need to pay 164M cash and another 120M for capital injection.

Besides, they also need cash for working capital.

"The Silterra acquisition is expected to be completed by the end of the second quarter of 2021 with the capital injection expected to be within 180 days thereafter,” it said.

End of June???

Brent oil 69.34 (+2.63%)

for this ping acquisition, there is no discount for issue price, it is same price as 5 days vwap.

dnex must get bursa approval first before determine vwap.

inverted hammer
Inverted hammer
inverted hammer

PP fixed price announcement can be announced today the soonest.

This counter very bull...
RED bull...
Investor no money to buy,
they only afford to buy at low price...

Already more than 2 weeks, this week should be able to get approval from Bursa.
Last year, Dnex obtained approval within one week. (August 12, 2020 --> August 18, 2020)

========================
On behalf of the Board, UOBKH wishes to announce that the listing application in relation to the Proposed Private Placement has been submitted to Bursa Malaysia Securities Berhad on 9 April 2021.
========================

Today drop sikit je...
Tomorrow drop kaw kaw...

inverted hammer

No profit for this round warrant conversion

Must test 0.70 support first on order to resume uptrend...
Current price too high to absorb esos and pp...

Bad mood...
When downtrend can stop...
I need money to buy Myvi...
Shark please help me...

Where is shark? Please come to save me...
We need you. .

Tomorrow goreng kambing
very sedap des ne

kalau anak letih dan tak mahu jalan,
emak bawa dia balik tidur.

emak balik cari anak dan bawa dia jalan bersama.

inverted hammer

don't mislead people with wrong information.
dnex already changed management team long long time ago.

No more relationship in between dnex and censof more than six months.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3068461

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3068639

Less than 0.6% since August last year.
http://www.dnex.com.my/investor-centre/stock-information/top-30-shareholders

please don't link censof with dnex...it is very funny...
there is no relationship in between these two companies anymore...

They just suka suka give many reasons that the profit is consider good although investors are very sure that the profit very bad actually...

When you compare DNEX with HIBISCUS, then you know that DNEX management is eating, sleeping and dreaming only, no any special at all ... Totally a slogan team ...It is confirm that it won't change for next three years ...

Samsul Husin said the Group is also exploring options to monetise its investment in energy assets namely a 10 per cent stake in a 54MW power plant in Bangladesh, and a 30 per cent investment in Ping Petroleum Limited (“Ping”). An immediate divestment plan is the disposal of our stake in the 54MW power plant in Bangladesh.”

Book value of the Group’s investment in the Bangladesh power plant and Ping stood at RM4.6 million and RM200 million, respectively as at 31 December 2018. In 2016, DNeX completed acquisition of 30 per cent interest of Ping at a cost of US$10 million.

MyCC had on 2 November 2018 set the oral representation to MyCC on 16 January 2019.

The oral representation was heard before a panel appointed by MyCC, and was adjourned to a next date.

To date, the MyCC has yet to notify Dagang Net of the next date for continuation of the oral representation.

CONSULTING SERVICES (DECEMBER 2018)
Agorai, in partnership with DNeX, provides strategic consulting and technical integration services to help deploy AI solutions quickly and cost effectively.

CONSULTING SERVICES (FEBRUARY 2019)
Agorai provides strategic consulting and technical integration services to help deploy AI solutions quickly and cost effectively. We leverage world-class applied AI experts to help businesses generate real results in weeks versus months or years.

Conclusion:
DNeX no more Joint Venture with Agorai to Deliver Strategic AI Consulting

DAGANG NEXCHANGE BERHAD ("DNeX" OR THE "COMPANY") - INCORPORATION OF NEW SUBSIDIARY

http://www.bursamalaysia.com/mar ... nouncements/5981401

The Board of Directors of DNeX wishes to announce that DNEX ENERGY SDN. DHD. had on 21 November 2018 incorporated a wholly-owned subsidiary, DNEX CLEAN UTILITIES SDN. BHD. ("DCU") by subscribing for 100,000 ordinary shares, representing the entire issued share capital of DCU.

The intended principal activity of DCU is to engage in power, engineering and energy related business in the area of independent power producer (IPP), central utility facility, energy efficiency, clean energy and renewable energy.

The Director of DCU is Encik Zainal Abidin bin Abd Jalil. He is the Group Managing Director of DNeX and also, a Director of DNEX ENERGY.

This announcement is dated 22 November 2018.

Dnex seeks to exit power plant subsidiary

Arjuna Chandran Shankar/theedgemarkets.com
December 20, 2018

KUALA LUMPUR (Dec 20): Dagang Nexchange Bhd (Dnex) has proposed to dispose of its 51% stake in Forward Energy Sdn Bhd (FESB) to FESB managing director Datuk Azmi Abdullah for a nominal sum of RM1.

Azmi and his wife Datin Zarinah Md Shariff already control 42.33% of FESB, which is primarily engaged in the independent power producer (IPP) business.

Dnex at the same is also acquiring a 100% interest in Forward Energy Generation Ltd (FEGL) from Labuan-incorporated Forward Energy Ltd for RM6.69 million.

Part of the proceeds would be used to offset the RM11.01 million that is owed by FESB to Dnex.

FEGL owns a 7.6% interest in a Bangladesh-based company involved in the development of an IPP, which commenced operations in November 2017.

Dnex said it wants to exit FESB, as the firm’s operating and other expenses amount to RM2 million annually.

THIS IS OLD NEWS:

<Quarterly Report On Consolidated Results For The Third Quarter Ended 30 September 2018>

11 Changes in the composition of the Group

2) The Board of Directors of the Company had on 24 May 2018 approved the proposed disposal of 1,530,000 ordinary shares, constituting 51% of the issued share capital of Forward Energy Sdn Bhd (“FESB”) for a cash consideration of RM1.00 (“Proposed FESB Disposal”).

The Proposed FESB Disposal is conditional upon the transfer and completion of 100% of the issued share capital of Forward Energy Generation Ltd (“FEGL”) at RM6,690,000.00 to the Company and be set-off against part of the amount owing by FESB to the Company.

FEGL is holding 7.6% equity interest in BANCO Energy Generation Ltd, a Bangladesh based company involved in the development of 54MW HFO Fired Power Plant in Munshiganj, Bangladesh (“Bangladesh IPP”).