Posted by Bull Trader09 > 2020-09-30 15:12 | Report Abuse

OMG! 0.65. Now Cutloss no point anymore

Posted by tkl88 > 2020-09-30 16:18 | Report Abuse

Special Report: Hidden hands behind penny stock surge
The Edge Malaysia/The Edge Malaysia
September 30, 2020 14:00 pm +08

https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge

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 .......

Posted by myfuad > 2020-09-30 17:07 | Report Abuse

i think this share going to 0.03 wtf..

Posted by kahsoon888 > 2020-09-30 18:24 | Report Abuse

Apa macam..0.06 now

Posted by kasutkaripap > 2020-09-30 21:15 | Report Abuse

cabut lari la

Posted by BILLC > 2020-09-30 22:01 | Report Abuse

4 sen mali,mali,,,,,,,,

Posted by poseidon80 > 2020-10-02 00:49 | Report Abuse

Buy now, will push back up to 0.100

Posted by momochick > 2020-10-02 02:36 | Report Abuse

buy.. next qr green

Posted by kevinchong > 2020-10-02 14:19 | Report Abuse

Don't forget kgroup also do sell test kit will coming soon up

Posted by poseidon80 > 2020-10-07 21:40 | Report Abuse

Buy2 now!!!

Posted by Kent2018 > 2020-10-07 23:24 | Report Abuse

Good, got free warrant

Posted by XOX_ > 2020-10-08 08:49 | Report Abuse

>0.3 XOX no sell so need RI?

Posted by soonkaren > 2020-10-08 08:52 | Report Abuse

margin call is coming soon

Posted by winter789 > 2020-10-08 10:47 | Report Abuse

this will be massively undersubscribed.

Posted by limit_up_soon > 2020-10-08 14:52 | Report Abuse

the only way to force them to goreng is DO NOT subscribe to the Right Issue. Let them take all the right issue and the shares, with higher shares percentage, they got no choice but to goreng up la.. So retails, let's work together and do not subscribe the Rigth issue.

Posted by Stonecold > 2020-10-09 11:46 | Report Abuse

next week back to 0.135

Posted by Stonecold > 2020-10-09 17:59 | Report Abuse

KUALA LUMPUR (Aug 6): Key Alliance Group Bhd (KAG) plans to raise some RM5 million through a renounceable rights issue with warrants to fund the diversified firm's foray into the medical equipment business.

The group has proposed a renounceable rights issue of up to 982.21 million shares in KAG, on the basis of one rights share for every one ordinary share held by entitled shareholders, it said in a filing with Bursa Malaysia today.

The rights issue comes with up to 982.21 million free detachable warrants in KAG, on the basis of one warrant for every one rights share subscribed for on an entitlement date to be determined and announced later, it noted.

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"The proposed rights issue with warrants will be undertaken on a minimum subscription level basis, after taking into consideration the minimum level of funds the company intends to raise from the exercise amounting to RM5 million.

"[A] substantial portion of the proceeds raised from the proposed rights issue with warrants is intended to be utilised for the business expansion in relation to the proposed diversification, repayment of bank borrowings and working capital requirements of the group," it added.

For illustrative purposes, the indicative issue price of the rights shares was quoted at six sen apiece, representing a discount of up to 31% based on the five-day, one-month, three-month, six-month and 12-month volume weighted average prices (VWAPs) of KAG shares up to yesterday.

The indicative exercise warrant, on the other hand, was quoted at 10 sen per unit, representing a premium of 14.94% based on the five-day VWAP of KAG shares up to yesterday, it noted.

Meanwhile, the group said it intends to diversify its principal activities to include the marketing, distribution and trading of medical equipment, devices, and related products and accessories.

"[These include] medical test kit, home health testing kit or monitoring device, electro-medical equipment, cardiovascular, orthopaedic and in vitro devices, diagnostic and wound care management products, aesthetic equipment as well as personal protective equipment including face masks and gloves, and other medical instruments, apparatus and appliances," it said.

Going forward, the group hopes to leverage its existing information technology-related services business, specifically its cloud computing and big data technologies, to enhance and complement the medical equipment segment by creating a digital platform for the business.

"The digital platform not only serves to widen the reach of its customer base through e-commerce channel for medical devices and equipment, but also captures and integrates data, facilitates the connectivity of medical devices and generates insights to improve medical devices, operational efficiency and healthcare outcomes.

"The integration of big data analytics in medical equipment trading segment allows the group to reap business synergy by potentially generating further business opportunities, whilst improving its business process and reducing system costs," it said.

Posted by Ong Kean Hoong > 2020-10-12 19:54 | Report Abuse

Has Kgroup started to sell PCR kit? Don't see excitement on the stock price.

Posted by xiaozhou > 2020-10-13 21:59 | Report Abuse

hi, anyone suggest to subscribe the Right Issue? Already paper loss 40% now.

Posted by scenery > 2020-10-14 10:04 |

Post removed.Why?

Posted by scenery > 2020-10-14 11:38 | Report Abuse

sometime, you cant even sell the OR...

Posted by moneytr33 > 2020-10-14 15:25 | Report Abuse

aiyohhh this is another conman company share i have. sobss

Posted by moneytr33 > 2020-10-14 15:26 | Report Abuse

dunno to subscribe to the RI or not? i didnt subscribe for NetX and see i am so far away from my costs

Posted by midzurll19 > 2020-10-14 15:42 | Report Abuse

Volume coming.

Posted by mileskoon > 2020-10-14 16:11 | Report Abuse

Mnc the next, same chart pattern.

Posted by momochick > 2020-10-14 16:44 | Report Abuse

get ready

Posted by de_investor > 2020-10-14 16:54 | Report Abuse

closed high...wil shoot 2moro...

Posted by nestor > 2020-10-14 17:44 | Report Abuse

See announcements. Consider good or bad?

Posted by pari57 > 2020-10-14 18:19 | Report Abuse

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=107941&name=EA_GA_ATTACHMENTS

Posted by pari57 > 2020-10-14 18:20 | Report Abuse

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=107940&name=EA_GA_ATTACHMENTS

Posted by Ong Kean Hoong > 2020-10-14 20:28 | Report Abuse

I posted about the PCR kit. They answer me back.

Posted by de_yangtulor > 2020-10-14 20:42 | Report Abuse

Sure limit up early morning
.gud news released for covid 19 distributer test kid...

Posted by lb123123 > 2020-10-14 21:04 | Report Abuse

Dont simply say limit up, such penny stock will only limit up by increasing 0.3 , its impossible , just it is definitely uptrend tmr

Posted by de_investor > 2020-10-14 21:25 | Report Abuse

don mis a boat...sure rocket 2moro....

Posted by AlfI3 > 2020-10-15 07:23 | Report Abuse

Ya, likely in d up trend prior to RI ex-date soon

Posted by azta12 > 2020-10-15 09:05 | Report Abuse

add

Posted by Alibaba > 2020-10-15 09:31 | Report Abuse

do you guys know what is sell on news?
everytime when news officially released, please run, but kgroup already at bottom, nothing to lose liao...

Posted by liegelord > 2020-10-15 14:14 | Report Abuse

wait first?

Posted by kahsoon888 > 2020-10-15 16:03 | Report Abuse

Haha...Run when news out.

Posted by de_yangtulor > 2020-10-15 19:45 | Report Abuse

Hehee...run 4 what....wil shoot one day....hahaa

Posted by BILLC > 2020-10-16 01:59 |

Post removed.Why?

Posted by ssdn02 > 2020-10-16 10:40 | Report Abuse

It will be a miracle coming...

Posted by hafizsmj > 2020-10-16 23:26 | Report Abuse

so what is the game here? current shareholder can subscribe for 5 sen. If no buyer just subscribe or else your current share will be devalued. There is a risk also the main share may be down to below 5 sen after EX date that will cause the subscriber even lose more value. Unless you may hope this counter can play covid19 sentiment and let the jerung pump for you and get out as soon as you recovered your lost or any profit comfortable.

Posted by koreanD > 2020-10-18 17:59 | Report Abuse

the ex price is only 0.06. It will be stupid to buy the rights.

Posted by AlfI3 > 2020-10-19 07:08 | Report Abuse

Ya, looks like not much margin left for playing arnd. Downsides potential greater than d upsides

Posted by Didie27 > 2020-10-19 12:38 | Report Abuse

is it good?will price goes down?

Posted by mexam123 > 2020-10-19 13:01 | Report Abuse

No point buying the rights if the ex price is less than 0.08. Risk is too high.

Posted by Didie27 > 2020-10-19 14:26 | Report Abuse

yeah volume also not so good.

Posted by chadoengor > 2020-10-20 07:25 | Report Abuse

No action . Pure goreng and print money counter for directors.

Posted by newbie5354_ > 2020-10-20 07:27 | Report Abuse

RI is to buy XOX more?