3 years ago, someone in this group "strongly recommended" M3. He of course was part of the syndicate then. From around 7c, price was pushed up to around 18c, slowly dropped to 8 - 10c, finally crashed to 2c in Mar this year. At 4c, DGB bought the private placement. If you check, many common shareholder among these stocks: MNC / AT / XOX / DGB / Anzo... I also can't remember all of them. M3 has never been in good profitable track record for the past > 10 years. Mk very little but lose a lot sometimes. The biggest shareholder is already old, IT knowledge to him is something far & not reachable. Under his, M3 has launched numerous of products in the market but, ALL products have failed miserably in the market. I think he just want to dispose off get good $$ & say good bye. How far would M3 go, I don't know. But if the biggest shareholder disposes off his holding, it's better prospect to M3. As said, his IT era was totally different from the new IT era now. His products / ideas never get good response from the market. Better for another good shareholder to come in & inject new life.
0017 M3TECH M3 TECHNOLOGIES(ASIA)BHD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) Particulars of Shareholder Name : XOX BHD NRIC/Passport No./Company No. : 201001016682 (9003 Nationality/Country of Incorporation : Malaysia Address: 22-09, Menara 1MK No. 1, Jalan Kiara Mont Kiara 50480 Kuala Lumpur Wilayah Persekutuan Malaysia Descriptions (Class and Nominal Value): Ordinary share Name and Address of Registered Holder: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Details of Changes Date of Notice : 19/08/2020 Transactions: No. Date Transaction Type No of Securities Price (RM) 1. 23/07/2020 Acquired 1,000,000 - 2. 24/07/2020 Acquired 1,381,000 - 3. 28/07/2020 Acquired 1,000,000 - 4. 30/07/2020 Acquired 2,000,000 - 5. 06/08/2020 Acquired 1,323,600 - 6. 07/08/2020 Acquired 7,000,000 - 7. 10/08/2020 Acquired 8,026,200 - Circumstances by reason of which change has occurred: Acquired of shares via the open market transactions Nature of Interest: Direct and Indirect Interest Consideration:
No of Securities Held After Changes: Direct : 32,049,200 units (4.9860%) Indirect/Deemed Interest : 40,330,800 units (6.2750%) Total : 72,380,000 units Remarks: 1. The percentage of holding is based on the issued share capital of 642,717,620 (excluding 2,557,500 treasury shares).2. 40,330,800 ordinary shares - Deemed interested in the shares held by XOX (Hong Kong) Limited pursuant to Section 8 of the Companies Act 2016. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
Whenever I see someone posts changes of shareholdings or any news available on the Bursa website, I think he is "bullish" on the stock, trying to remind everyone in the group that the particular stock "something on ". Probably he has bought some also, trying to unload.
ASTUTE market observers would have noticed on the local bourse a group of individuals, supposedly acting in concert, who have amassed shares in more than 20 publicly traded companies. These companies — linked via shareholding and directorships — are often on the most actively traded list, with huge, fluctuating share prices. “It (the companies) is all linked to the same person; usually, the most actively traded list on a daily basis involves these counters,” one source says when asked which are the companies that are linked. However, research by The Edge (see chart on the 21 companies) indicates that while other businessmen have surfaced, the individual said to be in control of the group of companies is not officially onboard or present as a shareholder.
“This [his not surfacing] could be due to several issues,” another source adds. It is also telling that nine of the 21 companies mentioned — AT Systemization Bhd, MLabs Systems Bhd, Focus Dynamics Group Bhd, mTouche Technology Bhd, Fintec Global Bhd, XOX Bhd, M3Technologies (Asia) Bhd and NetX Holdings Bhd — have their principal place of business, head office, business office or corporate office in Menara Lien Hoe, near Tropicana Golf Country Resort in Petaling Jaya. On its website, Lambo Group Bhd states that its address is at Menara Lien Hoe, even though the address in its annual report is in Old Klang Road in Kuala Lumpur. In 2006, Lien Hoe Corp Bhd sold Lien Hoe Tower Sdn Bhd, which owns Menara Lien Hoe, to privately held E-Globalfocus Sdn Bhd for RM1 and the assumption of RM43 million in debts.
Meanwhile, E-Globalfocus was 68%-controlled by Cubes Innovative Sdn Bhd, a company 99%-controlled by Chuah Hock Soon. Chuah and businessman Datuk Kenneth Vun @ Vun Yun Lun were charged with four others in July 2014 for allegedly manipulating DVM Technology Bhd shares in March 2006. Vun has had several issues with the Securities Commission Malaysia and, in 2009, had to restitute RM2.496 million — being the amount of company funds that he had caused to be misused for his personal benefit, according to the regulator — to his then flagship FTEC Resources Bhd. Since FTEC — which morphed into Tecasia Bhd and later Mangotone Bhd — was delisted, Vun has had little direct presence in the market. However, Vun’s two sisters, Carol Vun On Nei and Grace Vun Siaw Nei, hold stakes of 3.64% and 0.67% respectively in Xidelang Holdings Ltd.
Fragmented shareholding While Fintec Global seems to be a prominent company at the centre of the maze, its shareholding is fragmented, with several blocks of shares parked under Sanston Financial Group Ltd. In several of the 21 companies on the list, Sanston Financial is present in the shareholding list. Other companies that surface as shareholders in these list of companies include Global Prime Partners Ltd and Cita Realiti Sdn Bhd, a private company wholly-owned by one Kamarudin Khalil. Other shareholders, albeit usually holding small stakes, among the 21 companies include Datuk Jacky Pang Chow Huat — who, apart from a 11.84% stake in Sanichi Technology Bhd — has small stakes in DGB Asia Bhd, Focus Dynamics, MNC Wireless Bhd and Xidelang. Pang is also a director in Sanichi Technology. Meanwhile, businessman Mak Siew Wei has 23.4% in AT Systemization, 17.07% in Green Ocean Corp Bhd and small stakes in Focus Dynamics and Xidelang. He is also a director at AT Systemization, Green Ocean and Saudee Group Bhd.
Datuk Eddie Chai Woon Chet recently acquired a 62.37% stake in restaurant operator Oversea Enterprise Bhd, and has a 6.71% shareholding in Anzo Holdings Bhd, where he is managing director and has a board position in M3Technologies (Asia). Another name frequently seen is Datuk Kua Khai Shyuan, who, besides a 5.9% stake in mTouche Technology, has small shareholdings in Focus Dynamics, PDZ Holdings Bhd and Sanichi Technology, and has board seats on Trive Property Bhd, DGB Asia and MNC Wireless. Former Umno treasurer and former Bank Simpanan Nasional Bhd chairman Datuk Abdul Azim Mohd Zabidi surfaces as a director in four of the companies — Fintec Global, DGB Asia, Anzo and XOX. Most of the companies are loss-making and small in terms of market capitalisation, with the exception of Focus Dynamics, which has a market value exceeding RM5 billion. Nevertheless, Focus Dynamics, which is involved in operating food and beverage outlets, seems to be the star performer, with its stock price hitting a multiple-year high of RM2.64 recently on Sept 17, despite mustering a meagre RM3.08 million in net profit from RM20.72 million in revenue for its six months ended June this year. Year to date, Focus Dynamics stock has gained about 400%.
Irrational exuberance Trading volume on most of the 21 companies is generally high, and many have .......
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
dxrayne
12 posts
Posted by dxrayne > 2020-08-27 09:32 | Report Abuse
good time to invest on this?