KUALA LUMPUR (April 26): Two substantial shareholders of M3 Technologies (Asia) Bhd (M3 Tech), one of whom is the company's former group managing director Lim Seng Boon, want to remove four directors and to terminate the employees share option scheme (ESOS).
This happens one week after seven shareholders collectively holding 146.1 million shares rejected the proposed private placement at the extraordinary general meeting (EGM) last Monday (April 19).
On top of that, M3 Tech last week also terminated the memorandum of collaboration with AT Systematization Bhd to provide digital signage hardware and software enhancements for large-scale Covid-19 disinfection chambers.
According to a filing with Bursa Malaysia today, Lim, who stepped down two months ago, and another substantial shareholder Voon Sze Lin have requested to convene an EGM to remove four directors and to appoint four others to the board.
The duo have a combined shareholding of 13.5%, of which Lim holds a 7.4% stake, while Voon has 6.15%. The other substantial shareholder is XOX Bhd holding a 9.39% stake — including a 5.23% stake held via XOX (HK) Ltd.
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 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 at the exercise price of five sen to eligible employees.
The number of shares to be issued is equivalent to close to 30% of the company's existing issued share capital of 773 million shares.
"Now that we have officially served the official notice as prescribed under Section 311 of the Companies Act 2016, we hereby request that NO NEW DIRECTORS are to be appointed before the extraordinary general meeting."
"In accordance to the above, please make [a] corresponding announcement on Bursa accordingly to protect all shareholders' interest and full compliance of Listing Requirement accordingly," said the notice served to M3 Tech. The notice was dated April 25, 2021.
M3 Tech said the company is seeking legal advice in respect of the notice. "Further development on the above matter will be announced to Bursa Malaysia Securities Bhd in due course," said M3 Tech.
Massive dilution M3 Tech's board made multiple proposals last month including a private placement to issue 232.15 million new shares or 30% of share capital to raise RM9.82 million and to grant ESOS up to 30% of the share capital as well.
Notably, M3 Tech completed a private placement of 128.54 million shares in January, equivalent to 20% of the company's issued share capital then.
In 2019, M3 Tech did a private placement. The company placed out 58.43 million shares — representing up to 10% of its share base then.
M3 Tech's share price soared to 17 sen in August last year. It closed at 5.5 sen, valuing the company at RM42.56 million.
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.
Shares of M3 Tech closed unchanged at 5.5 sen today, valuing the group at RM39 million.
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INDIVIDUAL PERIOD CUMULATIVE PERIOD CURRENT YEAR QUARTER PRECEDING YEAR CORRESPONDING QUARTER CURRENT YEAR TO DATE PRECEDING YEAR CORRESPONDING PERIOD Three Months Three Months Fifteen Months Fifteen Months 01 Jan 2021 To 01 Jan 2020 To 01 Jan 2020 To 01 Jan 2019 To 31 Mar 2021 31 Mar 2020 31 Mar 2021 31 Mar 2020 $$'000 $$'000 $$'000 $$'000 1 Revenue 13,776 9,794 58,618 47,670 2 Profit/(loss) before tax -671 -188 -2,547 -6,716 3 Profit/(loss) for the period -1,237 -805 -5,142 -9,336 4 Profit/(loss) attributable to ordinary equity holders of the parent -1,919 -1,071 -7,625 -11,179 5 Basic earnings/(loss) per share (Subunit) -0.28 -0.17 -1.13 -1.86 6 Proposed/Declared dividend per share (Subunit) 0.00 0.00 0.00 0.00
AS AT END OF CURRENT QUARTER AS AT PRECEDING FINANCIAL YEAR END 7 Net assets per share attributable to ordinary equity holders of the parent ($$) 0.2980 0.3600
Mark pandai main syer. Dia dah beli balik syer. Yakin syer m3 Akan terbang bila2 masa!
Good123 CHEW SHIN YONG, MARK
Chew Shin Yong, Mark, a Singaporean, was appointed to the Board on 27 February 2008 as an Executive Director of the Company. On 26 August 2010, he was re-designated from an Executive Director to an Executive Chairman of the Company.
He graduated from Kingston University in the United Kingdom with a Bachelor of Science Degree in Computer Information Systems Design in 1996. He then obtained a Master’s Degree in Business Administration from the University of Surrey, also in the United Kingdom. In 1997, he joined Malahon Group of Companies in their stock-broking division as the Managing Director, and is a registered dealer with the Hong Kong Exchanges and the Securities and Futures Commission of Hong Kong. He currently sits on the Board of Malahon Group of Companies and is actively involved in all aspects of the Group’s businesses, comprising mainly of stock-broking, finance, property and general investments.
He was also responsible for setting up the subsidiary, Messaging Technologies (H.K.) Limited and is involved in its daily operations.
06 Jul 2021 06 Jul 2021 Acquired 41,383,081 MR CHEW SHIN YONG, MARK 02 Jul 2021 01 Jul 2021 Disposed 27,904,600 MR CHEW SHIN YONG, MARK 01 Jul 2021 30 Jun 2021 Disposed 2,095,400 MR CHEW SHIN YONG, MARK 25 Jun 2021 22 Jun 2021 Disposed 20,000,065 MR CHEW SHIN YONG, MARK 25 Jun 2021 24 Jun 2021 Disposed 30,982,300 MR CHEW SHIN YONG, MARK 21 Jun 2021 16 Jun 2021 Acquired 80,982,365 MR CHEW SHIN YONG, MARK
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
Amended Announcements Please refer to the earlier announcement reference number: CS2-07072021-00075
M3 TECHNOLOGIES (ASIA) BERHAD
Particulars of substantial Securities Holder
Name XOX (HONG KONG) LIMITED Address 6/F., CNT Commercial Building No. 302, Queen's Road Central Hong Kong. Company No. 2958959 Nationality/Country of incorporation Hong Kong Descriptions (Class) Ordinary Shares Details of changes
No Date of change No of securities Type of Transaction Nature of Interest 1 05 Jul 2021 42,000,000 Acquired Direct Interest Name of registered holder XOX (Hong Kong) Limited Address of registered holder 6/F., CNT Commercial Building No. 302, Queen's Road Central Hong Kong Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Acquired of shares via open market transactions. Nature of interest Direct Interest Direct (units) 146,830,800 Direct (%) 16.431 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 146,830,800 Date of notice 07 Jul 2021 Date notice received by Listed Issuer
VSolar kononnya, Rugi sampai mak bapak mu pun tak ingat nanti :) kerugian > jualan :)
VSolar SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2021
INDIVIDUAL PERIOD CUMULATIVE PERIOD CURRENT YEAR QUARTER PRECEDING YEAR CORRESPONDING QUARTER CURRENT YEAR TO DATE PRECEDING YEAR CORRESPONDING PERIOD 31 Mar 2021 31 Mar 2020 31 Mar 2021 31 Mar 2020 $$'000 $$'000 $$'000 $$'000 1 Revenue 3,327 880 7,020 1,923 2 Profit/(loss) before tax -3,673 -383 -23,063 -2,328 3 Profit/(loss) for the period -3,684 -383 -23,089 -2,328 4 Profit/(loss) attributable to ordinary equity holders of the parent -3,723 -366 -23,127 -2,280 5 Basic earnings/(loss) per share (Subunit) -0.17 -0.09 -1.05 -0.57 6 Proposed/Declared dividend per share (Subunit) 0.00 0.00 0.00 0.00
AS AT END OF CURRENT QUARTER AS AT PRECEDING FINANCIAL YEAR END 7 Net assets per share attributable to ordinary equity holders of the parent ($$) 0.0331
@ 1Malysia this stock really trash, better go vsolar, potential high price in future, now only 0.015, good chance to hold it 14/07/2021 8:21 PM
prestasi semakin baik, pergaduhan puak2 ini senang difahami.
Date Financial Year Quarter Revenue (RM,000) 30 Jun 21 31 Mar 21 - Mar 21 13,776 24 Feb 21 31 Dec 20 Q4 Dec 20 12,601 26 Nov 20 31 Dec 20 Q3 Sep 20 11,938 25 Aug 20 31 Dec 20 Q2 Jun 20 10,509 16 Jun 20 31 Dec 20 Q1 Mar 20 9,794 27 Feb 20 31 Dec 19 Q4 Dec 19 10,109 22 Aug 19 31 Dec 19 Q2 Jun 19 9,719 29 May 19 31 Dec 19 Q1 Mar 19 9,268 27 Feb 19 31 Dec 18 - Dec 18 8,554 15 Nov 18 31 Dec 18 - Sep 18 9,499 29 Aug 18 30 Jun 18 Q4 Jun 18 9,555
NET CHANGE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS BROUGHT FORWARD EFFECT ON FOREIGN CURRENCY TRANSLATION CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 1,797 (567) 3,461 4,691 (3,380) 715 2,026 (2,194) (856) - - - (3,050) 7,644 (1,701) (190) (405) (92) 5,256 4,232 12,897 (2,520) 14,609 (2,913) 2,572 3,394 3,053 (1,645) 1,044 2,452 (226) (1,043) - 480 - (789) 2,103 (1,636) (161) (86) - 220 1,883 13,696 (2,682) 12,897 The Condensed Consolidated Statement of Cash Flows Income should be read in conjunction statements for the financial year ended 31 December 2019 and the accompanying explanatory notes attached to the interim financial statements.
Pemain Servis Mobile macam m3 akan bertumbuh dengan pesat dengan pelaksanaan projek 5G di banyak negara
https://www.totaltele.com › Malaysia... Malaysia's picks Ericsson for national 5G network | total ... 1 Jul 2021 — Malaysia's picks Ericsson for national 5G network · The government has awarded the Swedish vendor a $2.6 billion
www.thestar.com.my' target='_blank'>https://www.thestar.com.my › business Malaysia picks Ericsson for RM11bil project to deploy 5G ... ericsson malaysia from www.thestar.com.my 1 Jul 2021 — KUALA LUMPUR: Digital Nasional Bhd has picked Ericsson (Malaysia) Sdn Bhd as a partner for the deployment of Malaysia's ...
Welcome to Ericsson in Malaysia. Continue using our global site to read the latest insights from across our business, sustainability actions, partner opportunities, careers and more. Contact Ericsson Malaysia using our local details below.
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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. https://www.reuters.com › companies MTAB.KL - M3 Technologies (Asia) Berhad Profile | Reuters
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....
Posted by Good123 > 2021-07-14 08:52 | Report Abuse
Puak2 ini memerlukan lebih banyak syer untuk menang dalam egm kelak