Excellent showing the last four trading days - buyers are dominating sellers which saw its recovery from 0.21 on Dec 28. Recovery was almost immediate from there. Volume is not overwhelming which is a good sign, possibly indicating well-targetted purchases. Hovering at 0.27 means the stock is at its 61.8% level of the Fibonacci curve as it ploughs its way back to the 100% high of 0.305, which is its next level of resistance
Bad sign, breaking the Bollinger channel. Possibility of new lows. First support 0.27. This fails, 0.24, and subsequently 0.22 which is heavily oversold level. Monitor, guys.
SYSTECH BHD - CIRCULAR TO SHAREHOLDERS IN RELATION TO: (I) PROPOSED ACQUISITION OF 240,000 ORDINARY SHARES IN TALENTCLOUD AI SDN BHD ("TCAI"), REPRESENTING 80.0% EQUITY INTEREST IN TCAI, FOR "A TOTAL CASH CONSIDERATION OF RM14,400,000 ("PROPOSED ACQUISITION"); AND (II) PROPOSED DISPOSAL OF THE COMPANY'S ENTIRE EQUITY INTERESTS IN SYSCATECH SDN BHD, MOBYSYS SDN BHD, TECHCASYS SDN BHD, SYSCATECH INC. AND SYSCODE SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM6,604,605 ("PROPOSED DISPOSAL") (COLLECTIVELY, REFERRED TO AS THE "PROPOSALS")" AI is the trend now and also for the future and most important of all for the company's growth.
Liew Choon Lian (LCL), a Malaysian male, aged 63 is a founder of MDT Innovations Sdn bhd ("MDT"). He is currently the Group Chief Executive Officer of MDT. MDT is principally involved in providing information technology ("IT") solutions. This comprises design, development, prototyping, manufacturing, application development, sales & marketing, maintenance and support services of Internet of Things (IoT), electronic identification, finance technology, and digital transformation and technology services.
LCL is also the Chairman and Chief Executive Officer for Evergreen Corporation. Evergreen Corporation operates as a special purpose acquisition company which is listed on Nasdaq Stock Market.
He was previously involved as a market analyst and consultant in the technology space. He also worked with Matsushita Electric Industrial Co. Ltd and held the position of General Manager of worldwide operations prior to leaving the company to become an entrepreneur.
He is also currently serves as director and shareholders for several other private companies.
As at the date of this Notice, LCL has indirect shareholding of 180,687,820 Systech Shares representing approximately 52.25% of the total issued shares in Systech (excluding 1,860,000 Systech Shares held as treasury shares), vide his interest in SCSB.
Bursakakis, can explain what is the purpose of making such a low offer (well below market price), knowing very well that the shareholders will reject it? Just a waste of time and money don't you think so?
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....
bowman
2,592 posts
Posted by bowman > 2023-01-06 09:33 | Report Abuse
Excellent showing the last four trading days - buyers are dominating sellers which saw its recovery from 0.21 on Dec 28. Recovery was almost immediate from there. Volume is not overwhelming which is a good sign, possibly indicating well-targetted purchases. Hovering at 0.27 means the stock is at its 61.8% level of the Fibonacci curve as it ploughs its way back to the 100% high of 0.305, which is its next level of resistance