Posted by cumcumshot > 2021-06-29 23:21 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/06/29/shareholders-shoot-down-knm039s-private-placement-plan

KNM's again private placement was shot down. Private placement has become a tool for the major shareholders to make $$

Posted by henry888 > 2021-06-30 08:26 | Report Abuse

Private placement should commensurate with addition of new projects and not for administration and directors' expenses.

Posted by 1Malysia > 2021-06-30 13:00 | Report Abuse

this week will drop until 0.060, be careful

Posted by whistlebower99 > 2021-07-01 09:58 |

Post removed.Why?

Posted by tch123 > 2021-07-01 11:51 | Report Abuse

Yes. Sack the current directors and stop the dilution this coming EGM 19th July. If can not attend, send in your Proxy Forms. Vote for Change. Supporters website https://savem3tech.wordpress.com/

Posted by de_yangtulor > 2021-07-02 00:39 | Report Abuse

Wil LU soon

Posted by WMY2188 > 2021-07-02 09:52 | Report Abuse

M3tech already wake up...

Posted by whistlebower99 > 2021-07-02 10:52 |

Post removed.Why?

Posted by whistlebower99 > 2021-07-02 11:02 |

Post removed.Why?

Posted by freddiehero > 2021-07-02 13:10 | Report Abuse

something interesting..

Posted by de_investor > 2021-07-02 14:03 | Report Abuse

wil break new high..next week wil LU

Posted by nobitasan > 2021-07-02 17:14 | Report Abuse

Next week LU I tiok!

Posted by MadCow75 > 2021-07-02 22:29 | Report Abuse

maybe hit high at 0.12... but LU... just see....

Posted by BILLC > 2021-07-02 22:50 |

Post removed.Why?

Posted by MadCow75 > 2021-07-03 00:14 | Report Abuse

what ever lar... but this few day all fintec group seen very aggresive...

Posted by tch123 > 2021-07-03 17:56 | Report Abuse

Vote to oust the current directors turning M3Tech into a Pump and Dump.company
Send your vote via Proxy. Find out how to here
https://savem3tech.wordpress.com/

Posted by hj7855 > 2021-07-05 22:19 | Report Abuse

Shock. This is a blog on what happen inside M3TECH.
https://site785.wordpress.com/

Posted by bbsan > 2021-07-06 16:00 | Report Abuse

Scary counter

Posted by bbsan > 2021-07-06 16:01 | Report Abuse

Vote them out. All con man

Posted by 1Malysia > 2021-07-06 18:06 | Report Abuse

ready down !!!! run people run!!!

Posted by SBlimSupporter > 2021-07-07 07:49 |

Post removed.Why?

Posted by SBlimSupporter > 2021-07-07 08:30 |

Post removed.Why?

Posted by tch123 > 2021-07-07 09:49 | Report Abuse

Calling himself sblimsupporter, it is obvously he is not.. Trojan "snake" !
What they are doing is so obviously. Chairman issue himself 120m shares for the coming EGM on 19th July. and the main Suit is still waiting for full trial.
Even staff put up a blog to tell the world about what is inside M3Tech now.. https://site785.wordpress.com/

Last EGM, they only has 76m vs 146m vote against, They are 70m short then, Now issue 120m for himself, but dont forget there are 500m still in retailers hands.

Posted by SBlimSupporter > 2021-07-07 09:59 | Report Abuse

Em...still havent answered thw question

Posted by whistlebower99 > 2021-07-07 10:25 |

Post removed.Why?

Posted by SBlimSupporter > 2021-07-07 10:38 |

Post removed.Why?

Posted by Good123 > 2021-07-07 10:45 | Report Abuse

Kes rebutan kuasa. Jadi puak2 ini akan berebut-rebut untuk menambah syer masing2

Posted by Good123 > 2021-07-07 10:46 | Report Abuse

Harga syer dijangka kerana puak2 yang terbabit mau merebut macam puak pn, sanggup bayar harga yang tinggi kan?

Posted by Good123 > 2021-07-07 10:46 | Report Abuse

Wayang baru bermula

Posted by SBlimSupporter > 2021-07-07 10:48 | Report Abuse

Ya, kalau betul betul merebut ok..tapi sekarang nampaknya macam sandiwara supaya mereka dapat jual apa yang dia orang tak mahu

Posted by Good123 > 2021-07-07 10:50 | Report Abuse

Padan muka , tak cukup syer. Private placement ditolak.., rebutlah syer dari pasaran terbuka kini. Ada katak yang sanggup jual mahal, contohnya katak2 pn

Earlier in April, M3 Technologies (Asia) Bhd shareholders also rejected a proposed private placement by the company involving 232.15 million shares, or 30% of its share capital, to raise RM9.82 million. In terms of percentage of shares voted, 65.67% voted against the resolution, while 34.33% were in favour.

It has not gone unnoticed that there has been a marked increase in private placement activities on Bursa Malaysia since last year, as companies take advantage of ample liquidity in the market to raise cash by selling shares to pre-identified investors.

Generally, a private placement exercise is deemed to be earnings-dilutive for minority shareholders, as they are not included in the fundraising process. There is also the risk of future speculation, and minority shareholders are put at a disadvantage as they often do not know whom the shares were placed out to.

While it is not publicly known why shareholders of KNM and M3 Technologies rejected the proposed private placement exercises, their actions speak well for shareholder activism.

Minority shareholders should be more active in voting at shareholder meetings as it affords them the opportunity to influence the outcome. If you think a particular private placement exercise is earnings-dilutive and unfair to you, you should go out and vote, or at least let your voice be heard in the EGM.

Having said that, when a company, whose major shareholder controls more than 50% of the shares, decides to place out placement shares to independent third-party investors, minority shareholders can do little to block the resolution if the major shareholder is for it.

Posted by Good123 > 2021-07-07 10:57 | Report Abuse

Singaporean mau telan m3 kot? Dollar Singapura kuat, 3 kali Ganda RM +++ senang je, Bayar lebih sedikit :)

0017 M3TECH M3 TECHNOLOGIES(ASIA)BHD
Notice of Interest Sub. S-hldr (Section 137 of CA 2016)
Particulars of Shareholder
Name : CHEW SHIN YONG, MARK
NRIC/Passport No./Company No. : -
Nationality/Country of Incorporation : Singapore
Address:
-
Descriptions (Class and Nominal Value):
Ordinary Shares
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 : 06/07/2021
Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 06/07/2021 Acquired 41,383,081 -
Circumstances by reason of which change has occurred:
Exercise of options under the Employees Share Option Scheme
Nature of Interest:
Direct Interest
Consideration:

No of Shares Held After Changes:
Direct : 49,708,081 shares (5.5630%)
Total : 49,708,081 shares
Remarks:
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:

06/07/2021 07:00 AM

Posted by Good123 > 2021-07-07 10:58 | Report Abuse

Amboi, buat untuk masuk pasaran terbuka pun dah dibuat. Pelawanan yang luar biasa dah diistihar kan? :)

0017 M3TECH M3 TECHNOLOGIES(ASIA)BHD
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR THE "COMPANY")
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

06/07/2021 07:00 AM


Ref Code: 202107063000241

Posted by Good123 > 2021-07-07 11:00 | Report Abuse

Singaporean, matawang mereka kuat , jual pada harga yang tinggi , usah jual murah terlalu awal haha

Posted by Good123 > 2021-07-07 11:03 | Report Abuse

Lawanlah :)

M3 Technologies (Asia) Bhd. engages in the provision of mobile value added services. The firm operates though the following geographical segments: Malaysia, Thailand, Pakistan, and Other Countries. The company was founded by Lim Seng Boon in 1999 and is headquartered...
Lot 17.1, 17th Floor, Menara Lien Ho
Petaling Jaya Selangor 47410
Malaysia
EmailWebsiteMap
Employees
Sector
Software
Sales or Revenue
37.26 M Industry
Technology
1Y Sales Change
2.66% Fiscal Year Ends
December 31
Download Reports
Shin Yong Chew
Executive Chairman
Seng Boon Lim
Managing Director & Executive Director
Muhammed Akif Ahmat
Group Finance Manager
Asma Binti Aripin
Head-Research & Development

Posted by Good123 > 2021-07-07 11:05 | Report Abuse

COMPETITORS (0017)

Company Change P/E (TTM)
3045
Taiwan Mobile Co. Ltd.
+0.49% 26.77
072130
UANGEL Corp.
-1.72% 77.49
5031
TIME dotCom Bhd
+1.14% 26.63
4904
Far EasTone Telecommunications Co. Ltd.
- 26.52

Posted by Good123 > 2021-07-07 11:09 | Report Abuse

Jumlah syer yang dimiliki adalah segalanya

KUALA LUMPUR (May 20): M3 Technologies (Asia) Bhd said two shareholders have filed a lawsuit to stop the mobile services provider from undertaking an employees share option scheme (ESOS) or any other corporate exercise that will serve to dilute their shareholding.

"The company would seek legal advice on the matter and the company will make the announcement on material development in respect of this as and when necessary," M3 Tech said in a stock exchange filing.

The two substantial shareholders are Lim Seng Boon, who stepped down as the group's managing director three months ago, and Voon Sze Lin. They have a combined shareholding of 13.5% in M3 Tech, with Lim controlling a 7.4% stake and Voon holding a 6.15% stake.

Lim and Voon had last month sought to convene an extraordinary general meeting (EGM) to remove four M3 Tech directors and to appoint four others to the board. They wanted to remove executive chairman Mark Chew Shin Yong, non-independent and non-executive directors Datuk Chai Woon Chen and Ng Kok Heng, as well as executive director Nicholas Wong Yew Khid.

The move came a week after seven shareholders collectively holding 146.1 million shares rejected M3 Tech's proposed private placement — of up to 232.15 million new shares or 30% of share capital to raise RM9.82 million — at an EGM on April 19.

Lim and Voon had also called for the termination of the ESOS, comprising 231.38 million share options (equivalent to close to 30% of the group's existing issued share capital of 773 million shares) at an exercise price of five sen.

M3 Tech had proposed the private placement and ESOS in March. The group had previously completed a private placement of 128.54 million shares in January, equivalent to 20% of the group's issued share capital then.

Besides Lim and Voon, another substantial shareholder of M3 Tech is XOX Bhd, which holds a 9.39% stake — including a 5.23% stake held via XOX (HK) Ltd.

Posted by Good123 > 2021-07-07 11:10 | Report Abuse

Bagus, lawan sampai akhirnya

KUALA LUMPUR (May 7): M3 Technologies (Asia) Bhd (M3 Tech) has declared that the notice of extraordinary general meeting (EGM) to remove four directors and to terminate the employees share option scheme (ESOS) is null and void.

The statement was made on the ground that the two shareholders, namely Lim Seng Boon and Voon Sze Lin, who want to convey an EGM do not have a combined shareholding of 10%.

In a filing with Bursa Malaysia, M3 Tech claimed that it had verified its official records and confirmed that both Lim and Voon “are not members of the company for at least 10% of its paid up capital”.

“In the same verification, the company had also discovered that Lim had misled the company over his shareholdings in the company by serving Section 138 notice to the company that contained false and/or misleading information,” it added.

As such, the company had appointed Messrs Chong + Kheng Hoe, and had today filed an originating summons and application for injunction against Lim and Voon for, amongst others, a declaration that the notice is null and void, and also damages, said M3 Tech in the filing.

However, the earlier filing showed that the duo had a combined shareholding of 13.5% with Lim holding a 7.4% stake and Voon a 6.14% stake.

To recap, Lim, who stepped down from the group's managing director post three months ago, together with Voon had requested to convene an EGM to remove four directors and to appoint four others to the board last month.

The two want to remove executive chairman Mark Chew Shin Yong, non-independent and non-executive directors Datuk Chai Woon Chen and Ng Kok Heng as well as executive director Nicholas Wong Yew Khid.

Meanwhile, Voon intends to take up the non-independent chairman post, and have three others — Yeoh Boon Hock, Shaifubahrim Mohd Saleh and Muhammad Zul Hanafi — as independent directors.

Furthermore, they are also calling for the termination of the ESOS announced on March 4. The ESOS entailed a total of 231.38 million share options — equivalent to close to 30% of the company's existing issued share capital of 773 million shares — at the exercise price of five sen to eligible employees.

In March, a group of seven shareholders rejected the proposal of private placement of up to 30% of the company’s issued share capital.

Should the share placement materialise, it would be the second one in less than 12 months. M3 Tech completed a private placement on Jan 18, placing out 128.54 million shares or 20% of its share base at the time.

The other substantial shareholders of M3 Tech are public-listed firm XOX Bhd holding 9.39%, DGB Networks Sdn Bhd (3.32%) and Choong Yean Yew (2.42%).

Posted by Good123 > 2021-07-07 11:13 | Report Abuse

Pn beli katak politik untuk menguasai negara, puak m3 beli syer untuk menguasai m3 tapi mesti Bayar lebih kan? :)

Posted by Good123 > 2021-07-07 11:18 | Report Abuse

Puak yg lebih kaya tunai Akan menewaskan puak yg kurang tunai dalam game belian syer ini

Posted by Good123 > 2021-07-07 11:20 | Report Abuse

Tengok rebutan ini Akan menyebabkan m3 kembali 10sen++ tak

Sungguh indah

Posted by Good123 > 2021-07-07 11:23 | Report Abuse

Jangan dikalahkan Oleh Singaporean tu, sungguh memalukan nanti :)

Posted by Good123 > 2021-07-07 11:28 | Report Abuse

dah berpotensi baru warga singapura mau kini :)

Commentary on Prospects
The COVID-19 pandemic and the resulting imposition of Movement Control Orders (and their
various different adaptations) have led to an unexpected surge in online services, banking in particular.
This has resulted in an increase in the volume of SMS traffic provided by our Mobile Solutions
Services arm, contributing to a 7% increase in revenue over the previous quarter, and a 20% increase
over the similar period in 2019.
The launch of our new messaging portal allows direct connection to all of the most popular Instant
Messaging apps such as WhatsApp, WeChat, Telegram, etc. This emancipates us from the restrictions
of SMS, and opens up a significantly larger user base, that will also benefit from richer message
content.
Our Cloud Solutions segment has seen a significant drop in revenue, as our customers have primarily
been in the Retail, Food & Beverage, and Hospitality industries. However, we have swiftly shifted the
focus of our i3Display devices from push advertising to temperature checking and contact tracing, two
highly sought-after services in this new paradigm.
The Group will continue to focus on growing existing revenue generating business activities and
undertaking progressive strategies to realign cost structures, practicing prudent spending to stay
resilient in these difficult times.

Posted by Good123 > 2021-07-07 11:30 | Report Abuse

jika merebut-rebut syer macam hari ini, sampai 15-20sen pun tak hairan :)

Posted by Good123 > 2021-07-07 11:40 | Report Abuse

BOARD MEMBERS AND SENIOR OFFICERS
Mr. Shin Yong Chew
Executive Chairman of the Board
since: 2010role: Officer & Director
Mr. Yew Khid Wong
Executive Director
since: 2021role: Officer & Director
Pui Yee Thong
Company Secretary
since: 2020role: Officer
Yuet Chyn Wong
Company Secretary
since: 2020role: Officer
Datuk Woon Chet Chai
Non-Independent Non-Executive Director
since: 2016role: Director
Mr. Ket Inn Yong
Independent and Non Executive
since: 2021role: Director
Mr. Kok Heng Ng
Non-Executive Independent Director
since: 2018role: Director

Posted by Good123 > 2021-07-07 11:41 | Report Abuse

OMPANY PROFILE
M3 Technologies (Asia) Berhad is a Malaysia-based mobile value added services (VAS) provider. The Company is engaged in the provision of mobile solutions. The Company's segments include Malaysia, Thailand, Pakistan and Other Asian Countries. The Company's business also encompasses a range of mobile solutions and platforms, such as multimedia products, wireless access protocol (WAP) and Java 2 Micro Edition (J2ME) applications catering to all channels of its business, such as Business to Consumer, Business to Business and Business to Owner). The Company delivers approximately two billion messages per month with global delivery and settlement of mobile messaging and data services, which include short message service (SMS), multimedia messaging service (MMS) and WAP. The Company has connections to over 175 mobile operators, including mobile interoperability messaging and the distribution of value-added services.

Posted by tch123 > 2021-07-07 11:41 | Report Abuse

Find out the real truth here. The company kaput ady
https://site785.wordpress.com/

Posted by Good123 > 2021-07-07 11:42 | Report Abuse

tak sesiapa boleh menguasai m3 tanpa membeli lebih banyak syer m3 lagi

TOP 10 INVESTORS (AS OF LATEST FILING)
INVESTOR NAME % O/S POSITION (M Shares) POSITION CHG (M) VALUE(M USD) FILING DATE FILING SOURCE
Lim (Seng Boon) 6.68 57.11 0.00 0.70 24-Feb-2021 Other Substantial/Declarable
XOX (Hong Kong) Limited 4.72 40.33 40.33 1.36 10-Aug-2020 Other Substantial/Declarable
XOX Bhd 3.75 32.05 0.00 1.08 10-Aug-2020 Other Substantial/Declarable
GV Asia Fund Ltd. 2.84 24.30 0.00 0.40 22-Jun-2020 Other Substantial/Declarable
Goh (Lee Lang) 2.83 24.19 0.00 0.30 24-Feb-2021 Other Substantial/Declarable
Voon (Sze Lin) 2.60 22.26 0.00 0.36 22-Jun-2020 Other Substantial/Declarable
DGB Networks Sdn. Bhd. 2.14 18.30 -40.13 0.30 23-Dec-2020 Other Substantial/Declarable
Voon (Jye Wah) 2.04 17.46 4.10 0.29 22-Jun-2020 Other Substantial/Declarable
Kong (Kok Keong) 1.51 12.93 12.93 0.21 22-Jun-2020 Other Substantial/Declarable
Choong (Yean Yaw) 1.29 11.00 -7.64 0.18 22-Jun-2020 Other Substantial/Declarable

Posted by Good123 > 2021-07-07 11:43 | Report Abuse

OWNERSHIP TYPE (AS OF LATEST FILING)
TYPE INVESTORS % O/S POSITION (M Shares) VALUE(M USD)
Individual Investor 17 24.72 211.38 3.15
Corporation 6 14.17 121.10 3.23

Posted by Good123 > 2021-07-07 11:43 | Report Abuse

LATEST INSIDER / INDIVIDUAL HOLDERS
INVESTOR NAME % O/S POSITION (M Shares) POSITION CHG (M) VALUE(M USD) FILING DATE
Lim (Seng Boon) 6.68 57.11 0.00 0.70 22-Jun-2020
Goh (Lee Lang) 2.83 24.19 0.00 0.30 22-Jun-2020
Voon (Sze Lin) 2.60 22.26 0.00 0.36 20-Mar-2020
Voon (Jye Wah) 2.04 17.46 4.10 0.29 29-Mar-2019
Kong (Kok Keong) 1.51 12.93 12.93 0.21 -
Choong (Yean Yaw) 1.29 11.00 -7.64 0.18 29-Mar-2019
Koo (Weng Seng) 1.25 10.67 0.00 0.17 29-Mar-2019
Ang (Yook Chu) 1.23 10.53 4.89 0.17 29-Mar-2019
Chew (Shin Yong Mark) 0.97 8.33 -27.90 0.16 30-Jun-2021
Seng (Yan Chuan) 0.96 8.24 0.00 0.13 29-Mar-2019