MMAG HOLDINGS BERHAD

KLSE (MYR): MMAG (0034)

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Last Price

0.065

Today's Change

0.00 (0.00%)

Day's Change

0.06 - 0.065

Trading Volume

977,000


16 people like this.

10,679 comment(s). Last comment by whistlebower99 2 weeks ago

Posted by whistlebower99 > 2021-11-26 11:25 | Report Abuse

Q2 report is out

Profit/(loss) attributable to ordinary equity holders of the parent -8,785,000

https://www.klsescreener.com/v2/announcements/view/3462281

7 consecutive years of losses

NOSH = 1,312,469,925
PA = 179,986,013
WB = 197,207,491

TAYOR

Posted by Benhobenhobenho > 2021-12-16 14:54 | Report Abuse

Again, many were caught in the price range of 0.10¢ n bought into it thinking it should stabilize n start to move up. What happened now! A real con counter, this one is. Don't know how many got trapped this latest round.

Baby Shark

5,389 posts

Posted by Baby Shark > 2021-12-23 14:44 | Report Abuse

You'll terkejut 1 day cheaper than Kanger price..

SWX1987

70 posts

Posted by SWX1987 > 2022-01-07 10:23 | Report Abuse

mari mari, hari ini terbang ooo.....tapi satu hari ker atau banyak hari?

Ian Lim

109 posts

Posted by Ian Lim > 2022-01-07 19:21 | Report Abuse

price volume up

THE ROCK

110 posts

Posted by THE ROCK > 2022-01-10 23:49 | Report Abuse

@Winer21..….Tomorrow will be 0.085 to 0.09

leavk123

102 posts

Posted by leavk123 > 2022-01-11 09:04 | Report Abuse

Lol he is right one minute dump 40 mil shares at 0.095/0.1 c

THE ROCK

110 posts

Posted by THE ROCK > 2022-01-12 09:10 | Report Abuse

@winner21.....me bad to say such thing but i got the feeling it will go this way

THE ROCK

110 posts

Posted by THE ROCK > 2022-01-12 09:11 | Report Abuse

@winner21....dont worry, it is just a trap until after Chinese New Year...

leavk123

102 posts

Posted by leavk123 > 2022-01-12 09:13 | Report Abuse

@THE ROCK after cny, it will drop to how many cent?

THE ROCK

110 posts

Posted by THE ROCK > 2022-01-12 09:16 | Report Abuse

@leavk123....this question is so so hard for me to answer....i have to ask my Third Wife.....lol...lol

THE ROCK

110 posts

Posted by THE ROCK > 2022-01-12 09:17 | Report Abuse

@leavk123....it will reach 0.13....after Chinese New Year

THE ROCK

110 posts

Posted by THE ROCK > 2022-01-12 09:18 | Report Abuse

Hopefully......

THE ROCK

110 posts

Posted by THE ROCK > 2022-01-12 10:24 | Report Abuse

Lol.....

jasman78

25 posts

Posted by jasman78 > 2022-01-12 14:34 | Report Abuse

Damn..fake que...the whole buyer move from 0.095, 0.085 now to 0.08

jasman78

25 posts

Posted by jasman78 > 2022-01-12 14:35 | Report Abuse

Damn fake que ..such a big que at 0.085 now 0.08

leavk123

102 posts

Posted by leavk123 > 2022-01-12 19:09 | Report Abuse

Yea mmag fake Q always cry

THE ROCK

110 posts

Posted by THE ROCK > 2022-01-12 19:14 | Report Abuse

What to do....sudah beli....simpan...lah

THE ROCK

110 posts

Posted by THE ROCK > 2022-01-13 11:26 | Report Abuse

Will do....

THE ROCK

110 posts

Posted by THE ROCK > 2022-01-16 23:59 | Report Abuse

@Winer21.....i think this is the lowest we can get.

THE ROCK

110 posts

Posted by THE ROCK > 2022-01-18 23:31 | Report Abuse

Hopefully it wont go that low...

zzz1981

99 posts

Posted by zzz1981 > 2022-01-25 14:47 | Report Abuse

7.5 sen now...wander heading lower or not ?

OG_trader

449 posts

Posted by OG_trader > 2022-01-26 09:26 | Report Abuse

0.01 cents soon

zzz1981

99 posts

Posted by zzz1981 > 2022-01-26 12:41 | Report Abuse

damn

Ian Lim

109 posts

Posted by Ian Lim > 2022-02-04 18:30 | Report Abuse

price volume up

zzz1981

99 posts

Posted by zzz1981 > 2022-02-04 20:55 | Report Abuse

next week will move up ? logic ?

SWX1987

70 posts

Posted by SWX1987 > 2022-02-09 09:43 | Report Abuse

will it be 1 day show or will it fly to sky? time will tell!!!!

ahbang94

34 posts

Posted by ahbang94 > 2022-02-09 10:55 | Report Abuse

sui sui liao it won't go down to 0.08 dy maintain 0.09 and up!!

tanfooxuan

349 posts

Posted by tanfooxuan > 2022-02-09 11:05 | Report Abuse

I'm a victim of this scammer stock.
you guys can search my comments few months ago
Don't believe the buy queue too much, it's a trap,
100 million buy queue will disappear suddenly and make the price dump in 1 min, u have no time to run but lost your hard earned money.
Don't trust MMAG!

ahbang94

34 posts

Posted by ahbang94 > 2022-02-09 15:28 | Report Abuse

waiting for good news :)

Posted by whistlebower99 > 2022-02-09 21:00 | Report Abuse

Changes in Director's Interest (Section 219 of CA 2016)
MMAG HOLDINGS BERHAD

Information Compiled By KLSE

Particulars of Director
Name MR KENNY KHOW CHUAN WAH

1 09/02/2022 39,969,400 Disposed Direct Interest
Name of registered holder Valhalla Capital Sdn. Bhd. for Kenny Khow Chuan Wah

Consideration (if any) RM0.0856

Circumstances by reason of which change has occurred Disposal via open market
Nature of interest Direct Interest
Total no of securities after change
Direct (units) 0
Direct (%) 0.000
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0.000
Date of notice 09/02/2022

==========
Direct disposed all shares.
Is this good news?
Or the director know something big is happening?

One day of high volume for director to sell at good price.

ahbang94

34 posts

Posted by ahbang94 > 2022-02-10 10:11 | Report Abuse

RIP operator

Skng Keong

1,256 posts

Posted by Skng Keong > 2022-02-10 11:25 | Report Abuse

Dont Day DREAM.....

Posted by whistlebower99 > 2022-02-10 12:38 | Report Abuse

FOR NEWBIES

https://www.klsescreener.com/v2/stocks/view/0034/mmag-holdings-berhad

8 years of continuous losses

Total issued shares = 1,312,469,925

PA = 179,986,013
Maturity 2022-11-27
Strike value 0.2000

WB = 197,207,491
Maturity 2022-11-27
Strike value 0.2000

Previous corporate exercises :

Announced EX Date Subject Ratio Offer
20 Oct 2017 01 Nov 2017 Rights Issue (warrant) 1 : 2 0.2500
20 Oct 2017 01 Nov 2017 Rights Issue 2 : 1 0.0500
28 Jun 2017 10 Jul 2017 Share Consolidation 4 : 1
09 Jun 2011 21 Jun 2011 Rights Issue (warrant) 2 : 1

Massive fund raising via shares issuance in 2020 - 2021 to PP and conversion of PA
As at 30/9/21, Company fund 31million and debt 41million

Director disposed all shares
Name MR KENNY KHOW CHUAN WAH
1 09/02/2022 39,969,400 Disposed Direct Interest

=============================
What will happen next ?

TAYOR

Tunjung

199 posts

Posted by Tunjung > 2022-02-10 13:30 | Report Abuse

Tomorrow down to new lowest 6.5 cent

Posted by investisthekey > 2022-02-15 17:09 | Report Abuse

Paperless soon

Investz

93 posts

Posted by Investz > 2022-02-23 15:37 | Report Abuse

This counter good to buy? Damm cheap.

Posted by Winner38 > 2 months ago | Report Abuse

Got trapped liao at 0.320..cut loss...

OG_trader

449 posts

Posted by OG_trader > 2 months ago | Report Abuse

lol. just want to cut lost now? everybody cut lost long time ago ady. hahah

Posted by Benhobenhobenho > 2 months ago | Report Abuse

A con stock, highly manipulated

Posted by whistlebower99 > 2 months ago | Report Abuse

FOR NEWBIES

MMAG HOLDINGS BERHAD ("MMAG" OR "COMPANY") (I) PROPOSED DEBT SETTLEMENT TO CREDITORS; (II) PROPOSED DEBT SETTLEMENT TO DIRECTOR; AND (III) PROPOSED 40% PRIVATE PLACEMENT.

On behalf of the Board of Directors of MMAG (?Board?), TA Securities Holdings Berhad (?TA Securities?) wishes to announce that the Company proposes to undertake the following:

(i) proposed settlement of amount owing to certain creditors of MMAG and its subsidiary of an aggregate sum of RM22,803,456.71 to be fully satisfied via issuance of a total of 373,827,157 new ordinary shares in MMAG (?MMAG Shares?) at an issue price of RM0.0610 each (?Proposed Debt Settlement to Creditors?);

(ii) proposed settlement of amount owing to Kenny Khow Chuan Wah (an Executive Director of the Company) of RM950,000 to be fully satisfied via issuance of 15,573,770 new MMAG Shares at an issue price of RM0.0610 each (?Proposed Debt Settlement to Director?); and

(iii) proposed private placement of up to 765,665,400 new MMAG Shares, representing up to 40% of MMAG Shares in issue (excluding treasury shares, if any) (?Proposed 40% Private Placement?),
(collectively referred to as ?Proposals?).
Please refer to the attachment below for further details of the Proposals.
This announcement is dated 10 March 2022.

https://www.klsescreener.com/v2/announcements/view/3516707

====================
Directors proposal for Massive share issuance coming on the way !!!
Shares to be issued = 373,827,157 + 15,573,770 + 765,665,400 = 1,155,066,327

====================
Total issued shares = 1,312,469,925 will increased to 2,467,536,252
PA = 179,986,013
WB = 197,207,491

==================
Massive dilution to shareholders equity % and EPS
NOSH will increase to near 3 BILLION SHARES upon full implementation and full conversion of PA and WB

===================
Monitor :-
Director's proposal for more fund raising via share issuance to PP, ESOS
Director's utilisation plan of company fund
Quarterly reports (multi year losses since 2006)
Contribution of profits from main business to company fund (not from fund raising)

===================
TAYOR, don't be caught at high price

Posted by whistlebower99 > 2 months ago | Report Abuse

BEWARE of one day show. Goreng tetap goreng mee kosong.
Right account to left account to attract newbies...

Posted by Benhobenhobenho > 2 months ago | Report Abuse

This counter slow but surely will kill investors. Die a slow death

tklim

2,997 posts

Posted by tklim > 2 months ago | Report Abuse

SELL 0.05
Target1: 0.04
Target2: 0.03
Target3: 0.01
Target4: 0

awesome20

1,040 posts

Posted by awesome20 > 2 months ago | Report Abuse

very cheap now

Ian Lim

109 posts

Posted by Ian Lim > 1 month ago | Report Abuse

price and volume up

Posted by whistlebower99 > 2 weeks ago | Report Abuse

FOR NEWBIES

(I) PROPOSED DEBT SETTLEMENT TO CREDITORS;
(II) PROPOSED DEBT SETTLEMENT TO DIRECTOR; AND
(III) PROPOSED 40% PRIVATE PLACEMENT.

On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 10 May 2022, resolved to approve the following:

(i) listing and quotation of 373,827,157 new MMAG Shares to be issued pursuant to the Proposed Debt Settlement to Creditors;

(ii) listing and quotation of 15,573,770 new MMAG Shares to be issued pursuant to the Proposed Debt Settlement to Director; and

(iii) listing and quotation of up to 765,665,400 Placement Shares to be issued pursuant to the Proposed 40% Private Placement.

Posted by whistlebower99 > 2 weeks ago | Report Abuse

Total issued shares = 1.312 billion will increase by 1.155 to 2.467 billion shares.
Shareholders equity % and EPS adversely diluted.

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