Due to weak market sentiments, it's not unusual t the colour red dominated most counters. But Green Packet will do tomorrow like his namesake - giving you a green packet.
Green Packet started off in Cupertino, California, and later moved to Malaysia. In 2005, it was listed on the Malaysia Board of Exchange. Green Packet has grown rapidly, with our systems and solutions deployed in more than 60 countries by companies such as PCCW, Time Warner Cable and Qtel.
Internet of Things (IoT) and smart services – the icing on the cake. Green Packet has singled-out e-services and IoT to be the new growth engines and has embarked on several related M&As to strengthen its execution capabilities. Among the notable acquisitions were a 22% stake in listed Yen Global (Yen) for MYR18.2m (Aug 2016) and a 20% stake in Shenzhen Memo Technology Co Ltd (Memohi) for MYR6.4m. Yen’s subsidiary, Atilze Digital SB (Atilze) is rolling out the long range, low power wide area (LoRA) network in the country, which would be used for the deployment of IoT via embedded sensors.
CEO Kay Tan declined to name the institutional investors which participated in the recent placement exercise, it is understood that they included firms like Hong Leong Assurance Bhd and United Overseas Bank.
YEN global share go up from RM1.02 to now RM1.63 Gpacket is the major share holder. Financial report will show Extra ordinary gain from Investment on YEN Global.
GREEN PACKET BERHAD ("GPB" OR "THE COMPANY") Acquisition of 30,250,000 ordinary shares of RM0.50 each in Yen Global Berhad, representing approximately 22% of the total issued and paid-up capital of Yen Global Berhad, for a total purchase consideration of RM18.15 million ("ACQUISITION")
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....
2centsense
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Posted by 2centsense > 2017-05-02 19:06 | Report Abuse
Better late than sorry.! ..... Institutional interest is the key driver.