Finally its coming, The Board of Directors of Systech (“Board”) wishes to announce that the Company had on 28 August 2024 entered into a Heads of Agreement with MDT and LCL for the acquisition of part or all of the equity interest or the business undertakings of MDT Group (“HOA”) (“Proposed Acquisition”).
Systech showing a W pattern has formed, indicating renewed buying interest. While the stock surged yesterday and closed with a large green candle, nearing a breakthrough of the key resistance at RM0.375 Entry – RM0.345 – RM0.365 Stop Loss – RM0.310 Target Price – RM0.375 – RM0.470
MDT Innovations specializes in the research, design, development, and deployment of IoT systems, including RFID inlays, smart devices, modules, and fintech services. This is a great acquisition for Systech
Will drop below 20sen later. For the last 16 QR, only 1 green. Will drop to PN17 status. Dont give too much hope in this stock. Their shareholder also already sell their share and run from this stock
Systech Bhd has teamed up with Pinetop Technology Venture Sdn Bhd to develop and operate data centres. This is Systech's second data centre partnership. On June 24, Systech announced it had partnered with Eh Integrated Systems Sdn Bhd (EISSB) to develop and operate data centres under a two-year agreement with no fixed value.
Under the agreement, SysAIU is responsible for sourcing all necessary equipment and infrastructure for the project, including graphics processing units (GPUs), servers, storage systems and cooling equipment.
On Pinetop's part, it will provide technical support and expertise for the AI data centre’s operation, focusing on the maintenance and servicing of high-performance GPU infrastructure and servers
Systech is chinese company--- buyer Ehis is chinese company---supply equipment... pinetop is malay company---is a bridges so systech and pinetop become partner.. as i know only malay co have a big chance to getting Gov project , So i thing sure got project for gov. then......i know ady.... will be rocket
Systech has partnered with Pinetop Technology Venture to develop and operate AI data centers
The principal scope and responsibilities of SysAIU include sourcing all required equipment and infrastructure for the project, including without limitation graphics processing units (GPUs), servers, storage systems, networking equipment, cooling systems and power supply units.
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Posted by ThunderZX > 2024-08-27 19:30 | Report Abuse
Result is out, revenue increase by 5.3m & loss of 0.68m compare to 4.2m in Q1