Posted by Stock33 > 2018-09-13 14:11 | Report Abuse

vxpoison..... any latest information on this stock?

Posted by vxpoison > 2018-09-13 16:48 | Report Abuse

I thought the last Q report already stated their intention....

Prospects

With the competitive and challenging business environment expected to continue in the second
half of financial year 2018, the Group is committed to focus in developing, enhancing and strengthening our existing solutions and offerings, improving efficiency, managing cost control and attaining prudent financial management.

Further, the Group will continue to look for future prospective businesses and/or assets to be
acquired which will largely be complimentary to the existing business of Cuscapi. These will in
turn create more value to the shareholders and improve performance in the coming year.

Posted by ZulBMW8058 > 2018-09-14 17:05 | Report Abuse

Patient... control emotions.

Posted by merlinsah > 2018-09-18 10:51 | Report Abuse

i heard they lost their biggest fast food account in malaysia. got no new products to sell and bad service. all their customers run away.

Posted by ZulBMW8058 > 2018-09-18 16:52 | Report Abuse

tomorrow jump... buy now

Posted by i3investorGuest > 2018-09-18 17:00 | Report Abuse

Anyone know what have they done against the R&D center in China recently?

Posted by kakakemas > 2018-09-18 21:26 | Report Abuse

KUALA LUMPUR (Sept 18): Cuscapi Bhd has appointed Anthony Gerald R. Victor as chief executive officer (CEO) of the group.

The position was left vacant by Her Chor Siong, 45, who resigned on Jan 1. The chairman had taken over the executive functions, pending the recruitment of a new CEO.

In a filing with Bursa Malaysia today, Cuscapi, which provides restaurant management solutions, said Anthony Gerald, 48, has more than 20 years of work experience as director or manager in the application of information technology and business solutions across retail, hospitality, automotive, telecommunications, financial, as well as public services sectors.

His most recent positions included sales director at Wincor Nixdorf Malaysia from 2011 to 2018 and regional senior territory sales manager at SAP Malaysia between 2007 and 2011.

Cuscapi shares closed unchanged at 28.5 sen today, with 5.1 million shares done, bringing a market capitalisation of RM244.89 million.

Posted by ZulBMW8058 > 2018-09-19 16:55 | Report Abuse

tomorrow fly

Posted by bullbullbully > 2018-09-20 00:47 | Report Abuse

Hope analysis at its best...

Posted by Mohd Zaimi > 2018-09-20 16:46 | Report Abuse

0.34 coming.. come to papa

Posted by lasertx3 > 2018-09-21 11:23 | Report Abuse

time to fly

Posted by vxpoison > 2018-09-21 13:23 | Report Abuse

Not yet.....

Posted by hisehatu > 2018-09-21 17:22 | Report Abuse

dont sell until hit 40sen

Posted by SK1200 > 2018-09-24 16:27 | Report Abuse

Collect on weakness..

Posted by joni > 2018-09-25 16:15 | Report Abuse

hope 0.34 soon

Posted by vxpoison > 2018-09-26 17:44 | Report Abuse

Reference is made to announcement dated 25 July 2018. Unless otherwise stated, the definitions and terms used herein shall have the same meaning as defined in that announcement.

The Company wishes to announce that Cuscapi Malaysia and the Company (collectively to be referred as “the Companies”) had on 25 September 2018 been served with and received a Writ of Summons dated 5 September 2018 and Statement of Claim dated 5 September 2018. Hitachi is claiming for USD3,600,248.22 (with interests and costs) on the basis that the Companies are jointly and/or severally liable for such sum pursuant to an agreement for the purchase of REV Hardware Equipment (“Agreement”) and a Corporate Guarantee.

The Companies were advised by legal counsel that the Agreement and the Corporate Guarantee which were executed in 2016 during the tenure of the previous management team may be deemed to be void as these agreements may have been procured for purposes and in a manner which are unusual in the context of the Companies’ business. In view of the legal advice, the Board of Directors of the Company is of the opinion that the Companies are in a position to dispute the liability of USD3,600,248.22 or any part thereof and will continue to take all necessary steps to ensure that the rights and interests of the Companies are protected.

The Board of Directors of the Company is of the view that save for the above - mentioned potential liability, the dispute is not expected to have any material financial and operational impact on Cuscapi Group.

The Company will make the necessary announcements on material development in respect of this matter from time to time.

This announcement is dated 26 September 2018.

Posted by vxpoison > 2018-09-26 23:03 | Report Abuse

It's about time ranger Jaya coming to the rescue...

Posted by Huat1 > 2018-10-01 15:44 | Report Abuse

Quietly moving up

Posted by freemason > 2018-10-04 11:19 | Report Abuse

bad news coming next week am told after valuation....brace yourselves

Posted by vxpoison > 2018-10-11 19:15 | Report Abuse

Jaya beli opis baru.... MyEg tower....

Posted by d_trade > 2018-10-19 12:27 | Report Abuse

what happen???

Posted by jien183 > 2018-10-19 12:51 | Report Abuse

What happened? Any news?

Posted by moneykj > 2018-10-19 12:55 | Report Abuse

I guess may be link to Zahid case.

Posted by d_trade > 2018-10-23 12:53 | Report Abuse

sad...

Posted by jien183 > 2018-10-25 14:10 | Report Abuse

Sold all.. cnt tahan the drop.. cut loss..

Posted by d_trade > 2018-10-25 19:10 | Report Abuse

yeah! but whoever fifo dis morning can eat nandos. lol

Posted by vxpoison > 2018-10-29 18:01 | Report Abuse

Jaya sued balik Her Choh Siong & Hitachi....

Posted by d_trade > 2018-10-29 19:04 | Report Abuse

cant find any news. mind to share @vxpoison?

Posted by vxpoison > 2018-10-29 21:05 | Report Abuse

Reference is made to announcements dated 26 September 2018 and 28 September 2018. Unless otherwise stated, the definitions and terms used herein shall have the same meaning as defined in those announcements.

The Company wishes to announce that Cuscapi Malaysia Sdn Bhd ("Cuscapi Malaysia") and Cuscapi Berhad had on 29 October 2018 filed a Defence and Counter Claim dated 29 October 2018.

Parties To The Counter Claim

The Companies in their Counter Claim are claiming against the following parties:

(a) Hitachi Systems Digital Services (Singapore) Pte. Ltd. ("Hitachi Singapore") (which is also the Plaintiff in the original action);

(b) Her Chor Siong, the former Chief Executive Officer of Cuscapi Berhad and a Director in both Cuscapi Berhad and Cuscapi Malaysia at that material time; and

(c) Ong Chin Hui, the Chief Executive Officer of Hitachi Singapore and a shareholder with a large number of shares in Cuscapi Berhad at that material time;

(Hitachi Singapore, Her Chor Siong and Ong Chin Hui are hereinafter collectively referred to as “Defendants in the Counter Claim”).

Defence And Counter Claim

Broadly, the Companies had in their Defence and Counter Claim claimed, among others:

(a) that Her Chor Siong, Ong Chin Hui and/or Hitachi Singapore are involved in a scheme to defraud and cause losses to the Companies as well as make secret profits arising from the arrangements entered into with Hitachi Singapore;

(b) that Her Chor Siong had breached his fiduciary duties towards the Companies;

(c) that Ong Chin Hui had dishonestly assisted Her Chor Siong in his breach of fiduciary duties towards the Companies;

(d) that Hitachi Singapore had dishonestly assisted Her Chor Siong in his breach of fiduciary duties towards the Companies;

(e) that Hitachi Singapore had knowingly received monies from Cuscapi Malaysia by reason of Her Chor Siong’s breach of his fiduciary duties towards the Companies;

(f) that the agreement for the purchase of REV Hardware tablets and corporate guarantee entered into in 2016 (being the subject matter of Hitachi Singapore’s claim) are null and void and unenforceable;

(g) that the Companies are not liable to Hitachi Singapore for any sums whatsoever;

(h) that Hitachi Singapore is liable to repay Cuscapi Malaysia USD2,793,334.80;

(i) that as against the Defendants in the Counter Claim and each of them, the Judgment Sum of USD2,793,334.80;

(j) that damages are to be assessed against the Defendants in the Counter Claim;

(k) that the interest rate of 5% per annum on any sum found to be due to the Companies from the date of judgment until the date of full satisfaction; and costs on a solicitors-client basis; and

(l) that such further orders as the Court deems fit and proper be made.

The Board of Directors of the Company will continue to take all necessary actions and pursue all available remedies to defend and protect the Companies’ position.

The Company will make the necessary announcements on material development in respect of this from time to time.

This announcement is dated 29 October 2018.


http://malaysiastock.biz/Company-Announcement.aspx?id=1096096

Posted by d_trade > 2018-10-29 21:34 | Report Abuse

thanks @vxpoison! will this help to fly?

Posted by vxpoison > 2018-10-29 23:17 | Report Abuse

Don't think too much..... Just wait till next year!

Posted by d_trade > 2018-10-29 23:27 | Report Abuse

ahoy! thanks @vxpoison

Posted by likewise > 2018-11-02 13:17 | Report Abuse

those who sold it 0.2 ..... just wait for bit longer

Posted by hisehatu > 2018-11-07 11:11 | Report Abuse

heading to 30sen

Posted by BigWhiteSand > 2018-11-07 14:36 | Report Abuse

When the court have to decide who wins?

Posted by nic773 > 2018-11-07 14:57 | Report Abuse

anyone know why this share increasing ?

Posted by hisehatu > 2018-11-08 08:31 | Report Abuse

must break 0.265 to fly

Posted by d_trade > 2018-11-08 12:02 | Report Abuse

@nic773 i read somewhere, related to budget

Posted by d_trade > 2018-11-08 12:03 | Report Abuse

@hisehatu yup. if fly, huatttt

Posted by Ameera > 2018-11-10 11:59 | Report Abuse

I am still waiting for this counter to fly...

Posted by d_trade > 2018-11-14 15:49 | Report Abuse

any idea about this counter? long time no sailing...

Posted by fl888 > 2018-11-16 10:19 | Report Abuse

Amicable settlement between both parties will help....

Posted by d_trade > 2018-11-16 16:15 | Report Abuse

hold your seat.......

Posted by d_trade > 2018-11-19 12:06 | Report Abuse

still cant fly?

Posted by vxpoison > 2018-11-19 18:57 | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CUSCAPI BERHAD (Company No.: 43190-H) (CUSCAPI OR COMPANY OR PURCHASER) PROPOSED SHARES ACQUISITION BY CUSCAPI OF THE ENTIRE EQUITY INTEREST IN LITAR PASIFIKA SDN BHD (LPASIFIKA), WHICH HOLDS A 20% EQUITY STAKE IN KONSORTIUM MULTIMEDIA SWASTA SDN. BHD (TARGET COMPANY), FROM LITARAN PASIFIK SDN BHD (LPASIFIK) (THE VENDOR) FOR A TOTAL CASH CONSIDERATION OF RM16,000,000 (PROPOSED ACQUISITION)

Posted by d_trade > 2018-11-19 21:04 | Report Abuse

should this help go north? huuuu...

Posted by vxpoison > 2018-11-20 11:48 | Report Abuse

Cuscapi to clinch e-govt concessionaire via Litar Pasifika buy for RM16m

Posted on 19 November 2018 - 07:24pm
sunbiz@thesundaily.com


PETALING JAYA: Cuscapi Bhd is set to own one of the only two concessionaires that provide electronic government solutions and other related government services in Malaysia through the acquistion of the the entire stake in Litar Pasifika Sdn Bhd for RM16 million.

Litar Pasifika holds a 20% stake in Konsortium Multimedia Swasta Sdn Bhd, a concessionaire for Malaysian E-Government MSC Flagship Application that builds, operates and owns the electronic channel to deliver services from various Government agencies to Malaysian citizens and businesses.

Cuscapi told Bursa Malaysia that it had entered into a share purchase agreement with Litaran Pasifik Sdn Bhd for the acquisition.

Cuscapi said this strategic investment is expected to provide the group an opportunity to participate in the e-government industry and in line with its expansion plans to diversify into future sectors and services, which are complementary to its existing businesses.

“The proposed acquisition also represent an opportunity for Cuscapi to participate in potential growth of a company as it attempts to increase the number of e-government services under the new government.”

Its sole competitor in the e-government concession industry has a market capitalisation exceeding RM5 billion as at August 31, 2018.

The acquisition will be satisfied via a placement fund from the previous placement exercise in respect of the issuance of the shares and warrants as well as working capital.

The exercise is expected to be completed by November 30, 2018.

Cuscapi's share price was down 4.3% to close at 22 sen with 2.59 million shares changing hands.

Posted by d_trade > 2018-11-20 12:38 | Report Abuse

tq vxpoison! u r so helpful!

Posted by fl888 > 2018-11-20 13:28 | Report Abuse

If Cuscapi can have 10% of the RM5 billion e govt business...

Posted by d_trade > 2018-11-20 21:07 | Report Abuse

for at least what in news still helps