Posted by Victor Yong > 2020-11-10 09:57 | Report Abuse

How a tourism company pivoted to land a US$100 million deal and provide digital identification for the foreign workforce



With the Covid-19 pandemic having caused the closure of borders and restriction of movement in countries for most of this year, many in the travel and tour industry have been ready to cease business.

The supply of foreign workers in any country is already a multi-step and complicated process. With the pandemic, additional safety requirements and contact traceability procedures make it an even more cumbersome exercise.

For one well-known name in the industry, however, the pandemic has offered an opportunity.


Parlo Bhd, an operator of leisure as well as corporate and MICE (meetings, incentives, conferences and exhibitions) travel services since 1996, realised that it could use its expertise to solve these problems. Ensuring the continuous supply of foreign workers is critical in sustaining the country’s economy. ACE Market-listed Parlo, which has experience in visa application, travel insurance and other travel support services, saw that it could play a role by helping the country in two ways — leveraging its existing network of business partners and industry experience and providing digital technologies for foreign workforce management.

There were two critical milestones that helped Parlo succeed. It needed someone with experience in digital technologies to drive the company’s expansion beyond leisure, corporate and MICE travel and ancillary services into migrant workforce management services, from source to destination countries. As such, it appointed Ti Lian Seng as executive director of Parlo in October 2020. Ti, who has experience in digital technologies to engineer and roll out a Digital ID platform, has had a long association with the Green Packet group of companies. He was most recently CEO of KipleLive, an artificial intelligence-driven property technology unit that pioneered contactless and cashless parking as well as facilitated businesses, schools and hospitals.


Parlo’s second critical step was to partner with Myanmar-based Diamond Palace Group of Companies Ltd, which has access to foreign workforce management services to facilitate the supply of workers.

The platform ensures that all information of foreign workers from Myanmar is digitalised in the form of digital identity documents. Expecting to serve 360,000 Myanmar workers by 2021, the platform will be able to facilitate secure online transactions such as banking, travel, insurance and other commercial services for a seamless process that is convenient to migrant workers.

Parlo plans to offer both software and hardware under the e-ID total solutions platform in areas such as e-KYC (electronic Know Your Customer process), key public infrastructure and identity management. Integration with mobile phones through optional embedded secure elements as well as integration with mobile applications may be offered in the future. In essence, the digital identity features to be embedded in the mobile devices are grouped into enrolment and registration, encoding of personal and biometric data, and integration with the mobile applications. There are plans to provide third-party logistics services for smartphones such as logistics strategy, inventory planning and management, and inbound, outbound and reverse logistics management.

The intent is to use the latest technology-enabled gadget to start replacing physical identification documents via digitalisation. For example, debit and credit cards can now be easily replaced with mobile apps in smartphones enabled by high-end, secure hardware chips.

“It is inevitable that traditional physical identification documents such as national identity cards, driving licences and worker identity cards will be replaced by high-end e-ID embedded in smartphones,” Ti says.

In keeping with Parlo’s new-age travel management company ethos that emphasises technology, financial technology will also play a part in the digitisation move. In the pipeline are e-wallet and cashless payments; e-services such as mobile reloads and bill payments in both source and host countries; e-remittance; e-assistance for legal, medical, employment and notification purposes; e-commerce; and job listings.

Parlo is looking to expand this digital platform internationally to expand its coverage to as many as 10 million Myanmar workers worldwide.

The tie-up with Diamond Palace, worth US$100 million, is an exclusive 30-year concession with the Myanmar government to supply workers from the country. Parlo will provide employment agency-related services for workers from source country to destination country, including travel, logistics and dormitory arrangements, as well as medical examinations. For now, the agreement covers Myanmar workers applying to work in or are leaving Malaysia, Japan and Thailand, but will eventually be extended to other countries where the company has forged strong relationships.

Posted by Victor Yong > 2020-11-10 09:59 | Report Abuse

Sources familiar with the ongoing developments said the tech firm Green Packet put in two offers last month, an updated binding offer of US$62.5mil assuming the equity conditions were retained and US$81.2mil in an alternative binding offer, if the equity conditions were removed

PETALING JAYA: A new bid by Green Packet Bhd has turned up the heat on the ongoing tussle for Silterra Sdn Bhd, Khazanah Nasional Bhd’s loss-making chip manufacturer.

Sources familiar with the ongoing developments said the tech firm put in two offers last month, an updated binding offer of US$62.5mil assuming the equity conditions were retained and US$81.2mil in an alternative binding offer, if the equity conditions were removed.

How this came about was after Khazanah allegedly shifted the goalpost by opening up the bids to foreign investors, which saw two firms coming in with big bucks to compensate for their failure to meet the local equity criteria, turning the Silterra sale into a whole new ball game.

Taiwanese semiconductor giant Foxconn was said to have ascribed a US$125mil enterprise value for Silterra, of which it would pay US$87.5mil for a 70% stake.

German-based group of semiconductor foundries X-Fab put in a less attractive offer of US$70mil, but was still better than the initial offers by Green Packet and Dagang Nexchange Bhd (DNeX) at US$56.8mil and US$32.7mil respectively.

The equity conditions set by the International Trade and Industry Ministry (Miti) and the Malaysian Investment Development Authority (Mida) required Silterra’s manufacturing plant to be majority local-owned, while foreign participation can only be in minority stakes.



It was clearly spelt out that Siltera had to maintain its equity structure of 55% local, out of which 30% has to be of bumiputra status while the foreign shareholding is up to a maximum of the remaining 45%.

It is learnt that Green Packet and DNeX were told to update their bids after Khazanah extended the tender from its earlier deadline of July 31 to Oct 9 and they were told to assume that the equity condition was removed and Khazanah could retain up to 30%.

Sources said in Green Packet’s latest bid, if the equity conditions were retained, its offer of US$62.5mil includes US$5.7mil for 10% free shares to a Malaysia Inc special-purpose vehicle (SPV) as a as strategic minority shareholder to safeguard national interest in the electrical and electronics (E&E) sector.

“The government can decide if it wants to give the 10% to Mida, Khazanah or the Science, Technology and Innovation Ministry (Mosti).

“This is to allow the government to continue exercising its influence to ensure continuous support towards the local semiconductor and E&E sectors, ” sources said, adding that this arrangement would lead to an effective local ownership of 59.5% with an effective bumiputra ownership of 37.2%.

In Green Packet’s alternative binding offer of US$81.2mil, assuming the foreign ownership control is lifted, sources said the group has proposed that Khazanah retain a 20% stake in Silterra.

Over time, Green Packet’s foreign partner Orient Excellent, which expressed its commitment to fully fund Silterra’s future capital expenditure requirements, will result in a foreign-majority shareholder roster.

Out of the 80%, Green Packet will eventually hold 43.8% while Orient Excellent – a private equity fund which has China’s Finance Ministry and National Social Security Fund as among its shareholders – will hold the other 56.2%.

The effective local ownership here is expected to be 55%, with an effective bumiputra stake of 39.3%.

It is said that the investment by Green Packet will be made through the RM500mil BumiTech Fund, a private equity fund which aims to support the growth of late-stage high technology companies owned by bumiputra entrepreneurs to upscale, expand local and global networks and eventually export technology products and services.

Sources also said what Green Packet had in store for Silterra would be the access to a large network of semiconductor companies such as its collaboration partner Huaqiang Group, which owns the largest distributor of semiconductor components in China, and Konka, a leading electronic conglomerate, also in China.

Silterra will also be the key element in building the Asia SemiCon Hub, the largest semiconductor industrial park in the country which aimed to attract up to RM68bil in investments and create more than 500,000 new jobs over the next 30 years, said the source.

Meanwhile, those with knowledge of the deal said there were chances that Green Packet might not want to take up the Silterra offer after December or January.

This was due to the emergence of newer semiconductor wafer plants in China that were looking at kicking off production in the second half of next year or by 2022.

“If Khazanah doesn’t sell it before that, I don’t think they can get any buyers in the future.

Posted by Victor Yong > 2020-11-10 10:00 | Report Abuse

Associate of gpacket:)

G# Global Tee qt

PETALING JAYA: G3 Global Bhd plans to house the country’s largest hyperscale data centre in the proposed Artificial Intelligence (AI) park in Bukit Jalil, starting with three 10MW hyperscale data centres in the first phase of development.

At maturity, the data centres will have a potential end state of 100MW.

G3 Global executive director Dr James Tee said G3 Global has the opportunity to take a leading role in the hyperscale data centre space through the group’s association with Green Packet Bhd.

It will support the initial demand by Tencent Cloud’s operations in Malaysia as part of its global node, as well as meet demand from other large scale anchor cloud operators.

In August, Green Packet inked a 10-year agreement with Tencent Cloud to provide cloud computing solutions in Malaysia.

“The hyperscale data centre will be scaled according to demand progressively.

“G3 Global is in discussions with domestic and regional hyperscale data centre partners on potential collaborations.

“We are also open to collaborating with strategic partners who bring demand from their extensive network and user base, ” he told StarBiz.A hyperscale data centre caters to between one and three clients who require higher technology specifications and greater data capacity for their operations.

In comparison, a standard data centre serves some 50 to 100 enterprises.

At present, Singapore is the data centre hub for the South-East Asian region, providing 64% of total supply with a capacity of 410MW in 2019.

Tee noted that Singapore’s data centre capacity is expected to grow by a compound annual growth rate (CAGR) of 6% to 542MW in 2024, according to research firm Analysys Mason.

However, further supply will be hampered by shortage of land and power, as well as cost concerns.

“Hence, Malaysia is well positioned to capture the spillover demand from Singapore, given the close proximity, greater availability of land and power, as well as low connectivity cost.

“This is potentially similar to Langfang and Zhangjiakou, which are key data centre hubs in Greater Beijing, due to land scarcity and power constraints in Beijing itself, ” he said.

On the domestic front, demand for digital services is expected to be driven by a strong government push for digitalisation and cloud adoption, as well as a shift towards greater digital consumption by enterprises and consumers as a result of the Covid-19 pandemic.

Bank Negara’s new policy on risk management in technology would drive demand for outsourced data centre co-location and cloud services for financial institutions, as on-premise servers will not meet the new requirements, Tee said.

According to MDEC, co-location data centre capacity is expected to grow by 12% CAGR from 59MW to 104MW between 2019 and 2024.

At present, cloud and Internet giants lease more than 70% of their hyperscale data centre footprint from commercial data centre operators.

“Some of the very powerful value drivers that companies should look to exploit from hyperscale cloud platforms are cost, scalability and interoperability. The hyperscale platforms provide the ability to handle immense volumes of activity and data, quickly and seamlessly.

“In addition, the hyperscale provider’s cloud platform allows customers to extend and build out their capabilities, as well as offers integration with other systems at a lower cost, ” said Tee.

The hyperscale data centres will also support the deployment of autonomous cars, which generate between 380 Terabyte (TB) to 5100TB of sensor data per car annually.

The AI park, which will house AI research-related public service infrastructure as a base to promote AI technology in Malaysia, will also feature autonomous cars, among other AI technology such as licence plate and facial recognition.

According to a Bursa Malaysia filing on Oct 9, G3 Global received a letter of intent from Technology Park Malaysia Corp Sdn Bhd for the building of the AI park at Technology Park Malaysia.

G3 Global has teamed up with the world’s largest AI firm, SenseTime, along with China Harbour Engineering Company Ltd to jointly develop the park.

Posted by Victor Yong > 2020-11-10 10:01 | Report Abuse

KipleX chief executive officer Andrew Tan(pic) said the market opportunity for the motorbike industry in South-East Asia was expected to hit US$8.53bil (RM35.4bil) by 2023.

PETALING JAYA: KipleX, the new venture studio of Green Packet Bhd, has embarked on its maiden investment in Singapore-based smart electric motorbike company ION Mobility.

In a statement yesterday, Green Packet said the venture is aimed at developing smart electric motorbikes for the South-East Asian market.

“With the aim to create seamless user experiences for sustainable mobility, ION Mobility announced it has raised US$3.3mil (RM13.7mil) in seed funding recently, ” it said.

Green Packet said other notable investors include private and government institutional funds, as well as corporate and angel investors such as Monk’s Hill Ventures, TNB Aura, Village Global, 500 Durians, AngelCentral syndicate and Seeds Capital.

“The funding will be used to launch electric motorbikes in South-East Asia, expand market presence and develop its research and development, supply chain and manufacturing capabilities.”

KipleX chief executive officer Andrew Tan(pic) said the market opportunity for the motorbike industry in South-East Asia was expected to hit US$8.53bil (RM35.4bil) by 2023.

“The total addressable market is over 200 million petrol motorcycles that can be converted to electric to create a more sustainable future.

“ION Mobility will enter the market focusing on Indonesia, which has one of the biggest motorbike markets globally, with 2019 motorcycle sales in Indonesia at 6.38 million units a year, ” he said in the statement.

Tan said ION Mobility plans to launch its first smart electric motorbike in Indonesia in 2021 and Malaysia soon after that.

In addition, he said the company was set to expand its team and operations across Singapore, Jakarta and Shenzhen, develop its in-house research and development capabilities and build up its supply chain and manufacturing partnerships.

“The size of the market for smart electric motorbikes in South-East Asia is tremendous.

“In addition, we would have the opportunity to work with ION Mobility to potentially incorporate Green Packet’s digital solutions to value add to the product.

“We are confident our investment will yield high returns on investmen while also establishing product synergy with our suite of digital innovations.

“We will put the ‘smart’ into the electric motorbike.”

Meanwhile, ION Mobility, co-founder and chief executive officer James Chan has this to say:

“We are committed to offer riders across South-East Asia superior alternatives to their petrol-based motorbikes.”

Green Packet noted that ION Mobility co-founders James Chan and chief operating officer Joel Chang have a strong track record in building and scaling tech companies in South-East Asia.

“Prior to ION, Chan was a tech venture capitalist and entrepreneur at Neoteny Labs, Silicon Straits and Wecash.

“Chang, an automotive industry veteran, founded Scorpio Electric and has previously led a BMW dealer group’s establishment and expansion across Asia.”

Posted by harvest6138 > 2020-11-10 10:20 | Report Abuse

https://digitalwarriors.greenpacket.com/sme/?utm_campaign=Digital%20Warrior%20Campaign&utm_content=145434603&utm_medium=social&utm_source=facebook&hss_channel=fbp-254958601731217&fbclid=IwAR2oRdx_7q1w84FtANxttr1hojW6vej41VBARVUZpYrRJveCzjbYWOX62Vo

Posted by harvest6138 > 2020-11-10 10:21 | Report Abuse

Hope this new initiatives can bring stable and growing recurring income for GPB ...

Posted by Victor Yong > 2020-11-10 10:32 | Report Abuse

Fell from rm1.65 to 45sen now, many traders dah Mampus kot? :p

Posted by Victor Yong > 2020-11-10 10:34 | Report Abuse

Kendall dah lari, China investors in kot via recent private placement? :)

Posted by Victor Yong > 2020-11-10 10:35 | Report Abuse

Rebound bisa? :p


4 Weeks Range: 0.445 - 0.515
52 Weeks Range: 0.395 - 1.65
Average Price Target: 0.80
Price Target Upside/Downside: +0.35

Posted by samad > 2020-11-10 10:40 | Report Abuse

Ramai beli pasal mau untung over naik.
Beli nombor for D pon belum pasti nombor naik.
Hai.... manusia...
Tiap tiap ali harap sana hope sini... pas tu syok sendiri
Pas tu.... tiao sama sendiri

Ah kah kah kah

Posted by Victor Yong > 2020-11-10 10:43 | Report Abuse

G3, associate gpacket, syernya boleh bagi balik shareholders gpacket soon kot? :)

G3 GLOBAL BHD
Last Price Today's Change
2.60 +0.06 (2.36%)
Overview
Headlines
Disclosures

Board: MAIN
Sector: Consumer
Avg Volume (4 weeks): 141,089
4 Weeks Range: 2.36 - 3.48
52 Weeks Range: 1.44 - 3.60
Average Price Target: -
Business Background click to collapse contents
G3 Global Bhd is an apparel manufacturing company based in Malaysia. The company operates its business in various segments that include Apparels; which manufactures, markets, distributes and does retailing of jeanswear, fashion apparels, and accessories and Information Communication Technology (ICT); which supplies telecom services and solutions. The Apparel segment generates maximum revenue for the company. The company exports its products and services to Europe, East Asia, and the USA. Their brands consist of Edwin, Mustang Jeans, People’s Market, GA Blue, and Once Upon a Time.

Posted by Victor Yong > 2020-11-10 11:09 | Report Abuse

Hm :)


Date Price Open High Low Vol. Change %

Nov, 2020 0.450 0.455 0.480 0.445 13.42M -2.17%
Oct, 2020 0.460 0.515 0.570 0.450 671.97M -8.91%
Sep, 2020 0.505 0.560 0.570 0.495 202.39M -9.82%
Aug, 2020 0.560 0.525 0.760 0.515 839.16M 6.67%
Jul, 2020 0.525 0.505 0.675 0.490 1.10B 5.00%
Jun, 2020 0.500 0.840 0.920 0.500 1.44B -40.12%
May, 2020 0.835 0.610 1.650 0.605 1.04B 35.77%
Apr, 2020 0.615 0.480 0.640 0.470 147.32M 25.51%
Mar, 2020 0.490 0.695 0.735 0.395 66.49M -31.47%
Feb, 2020 0.715 0.635 0.935 0.605 229.30M 11.72%
Jan, 2020 0.640 0.690 0.695 0.620 30.30M -7.25%
Dec, 2019 0.690 0.725 0.730 0.685 22.43M -4.83%
Nov, 2019 0.725 0.730 0.745 0.670 156.64M -1.36%
Oct, 2019 0.735 0.750 0.770 0.700 199.66M -2.65%
Sep, 2019 0.755 0.625 0.775 0.605 300.31M 21.77%
Aug, 2019 0.620 0.605 0.650 0.515 247.06M -0.80%
Jul, 2019 0.625 0.355 0.630 0.350 656.59M 76.06%

Posted by CUTLOST > 2020-11-10 11:23 | Report Abuse

GP balik kampung Maa.. MCO..

Posted by Victor Yong > 2020-11-10 11:40 | Report Abuse

Puan tak trade lagi kah?

GPACKET Shareholding Changes

Date of change Shares Director/
Substantial Shareholder
04 Sep 2020 Acquired
1,500,000 Mr Puan Chan Cheong
04 Sep 2020 Acquired
1,500,000 Mr Puan Chan Cheong
08 Jul 2020 Disposed
30,000,000 Mr Puan Chan Cheong
08 Jul 2020 Disposed
30,000,000 Mr Puan Chan Cheong
29 Jun 2020 Acquired
10,000 Mr Boey Tak Kong
26 Jun 2020 Acquired
1,330,000 Mr Puan Chan Cheong
26 Jun 2020 Acquired
1,330,000 Mr Puan Chan Cheong
26 Jun 2020 Acquired
5,000 Mr Boey Tak Kong
25 Jun 2020 Acquired
14,260,300 Mr Puan Chan Cheong
25 Jun 2020 Acquired
14,260,300 Mr Puan Chan Cheong

Posted by Victor Yong > 2020-11-10 11:41 | Report Abuse

Banyak cerita recently

GPACKET Latest Headline

22 Oct Giant hyperscale data centre in AI park
20 Oct CC Puan's firm teams up with China-based Orient Excellent to develop...
17 Oct AI park will help Malaysia take the lead in digital future
10 Oct AI park and Perak e-wallet boost for Green Packet
07 Oct Green Packet sees buying interest after Tencent cloud services deal
07 Oct Green Packet aims for the clouds after China deal
30 Sep Green Packet announces key appointments to support long-term growth ambitions
29 Sep Green Packet buys 51% stake in Censof’s payment processing firm
22 Sep Trading ideas: Banking stocks, GPacket, MMAG, Superlon, Scientex, Sapura Energy
21 Sep Green Packet, MMAG, Gabungan AQRS, Superlon, Scientex, DNeX, Sapura Energy,...
21 Sep Green Packet partners with MMAG to venture into foreign worker e-wallet
21 Sep Green Packet partners MMAG for e-wallet services
21 Sep The Star Exclusive - Green Packet in e-wallet deal
15 Sep Trading ideas: Willowglen, PetChem, Kerjaya Prospek, GKent, GPacket
14 Sep Macpie, George Kent, Willowglen, LKL, Global Oriental, LBS, Green Packet and...

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

Thick Q results out today

Posted by Liquidity > 2020-11-10 12:44 | Report Abuse

huh quarterly results out today? sure?

Posted by Victor Yong > 2020-11-10 13:30 | Report Abuse

Revenue lagi besar atau show profit to sustain current price. P/b value ~2X

Posted by Victor Yong > 2020-11-10 13:33 | Report Abuse

GP pernah beritahu bahawa ia akan memohon digital bank lesen, tunggu , makin dekat, kan?


Digital banking holds promising future in Malaysia
06 NOV 2020 / 17:27 H.
Digital banking holds promising future in Malaysia
KUALA LUMPUR: Digital banking holds a promising future in Malaysia and the journey towards establishing digital banks will become a reality with the digital transformation in the Malaysian financial landscape.

The Ministry of Finance (MoF), in its Economic Outlook 2021 report released today, said a digital bank is essentially a virtual bank which operates in a digital environment and is devoid of brick-and-mortar presence of a traditional bank.

However, it said digital banks would offer similar services to that of traditional banks, such as savings and current accounts, withdrawals and transfers, and as such, is expected to revolutionise the financial landscape by offering financial services through digital and automated platforms.


It said currently, Australia, Brazil, Canada, China, Germany, Hong Kong, South Korea, South Africa, Taiwan, the Philippines, the UK, and the US have established their own digital banks while Singapore is expected to issue its digital bank licences in 2020.

“Meanwhile, Bank Negara Malaysia (BNM) is at the stage of finalising the updated Exposure Draft on Licensing Framework for Digital Banks issued on March 3, 2020.

“With this development, Malaysia looks forward to establish several digital banks in the near future, the way for a more vibrant financial services landscape,” it said.

The MoF said the establishment of an effective regulatory ecosystem for digital banks in Malaysia is still in progress with the updated draft by BNM on March 3, 2020 having proposed a balanced approach to enable the admission of digital banks, with strong value propositions while safeguarding the integrity and stability of the financial system.

It said through the framework, up to five licences might be issued subjected to the applicants’ ability to meet the requirements of the Financial Services Act 2013 and the Islamic Financial Services Act 2013.

The ministry said the journey towards the establishment of digital banks is an expected progression in the Malaysian financial market as the country evolves into a digital economy.

It said for the transformation to materialise, a whole new wave of digital products and solutions must be in place, supported by a robust regulatory ecosystem, innovative technology and cultural adaptation to accelerate economic growth and financial inclusion in Malaysia.

Furthermore, it said the COVID-19 pandemic, which has accelerated remote and contactless transactions, also provides the impetus for the establishment of digital banks.

On the other hand, it said the road towards digital banks also requires digital transformation, mastering new skills, adopting new processes, and changing the way business is being done.

Thus, it said all interested parties need to reform their business models and culture and emphasise innovation as well as greater adoption of big data analytics to create a customer-centric orientation.

The ministry said the transition to digital banks may not be straightforward and could disrupt financial services.

Traditional banks, it said, may also form new ventures and apply for a digital bank licence as part of efforts to reform their business model of which the model must also cater to the underserved and unserved segments of society such as low-income individuals, early income millennials, start-ups, as well as small and medium enterprises. -Bernama

Posted by Victor Yong > 2020-11-10 13:36 | Report Abuse

Dulu, niat GP untuk mendirikan bank digital yang menyebabkan harga syernya mencecah RM1.65 kan? I rasa BNM akan menawarkan lesen digital bank tak lama lagi kot :)

Green Packet gets ready for digital bank | The Star
18 May 2020 — TWO months after returning to the helm of Green Packet Bhd, technology whiz C.C. Puan laid out his ...
Imagewww.theedgemarkets.com › article
Green Packet buys e-KYC firm in bid to be full-fledged digital ...
16 Jun 2020 — Set to offer a complete end-to-end solution to banks and financial institutions, Green Packet Bhd is ...
www.theedgemarkets.com › article
Green Packet hits daily upper limit on digital banking ...
18 May 2020 — Shares in Green Packet Bhd continued its streak to fresh new

Posted by Victor Yong > 2020-11-10 13:42 | Report Abuse

The current price to book ratio for Uber Technologies as of November 06, 2020 is 7.68. Uber is losing money too like GP.

GP -p/b value ~2x.

But does GP has the potential like uber?

A million $ Question

Sekian!!!

Posted by Liquidity > 2020-11-10 13:45 | Report Abuse

QR bila Victor?

Posted by Victor Yong > 2020-11-10 13:48 | Report Abuse

Q3,2020 barangkali boleh untungkah? Finance cost dengan TM takda lagi kan? Harga saham G3 dah melambung, dll.. wait n see later this month :)

Segmental information
Segmental information is provided based on geographical segment by customers' location as follows:-
Results for the financial period ended 30 June 2020 Malaysia Overseas Group RM`000 RM`000 RM`000
Revenue
Software and Devices Communication Services Digital Services
Results
Software and Devices Communication Services Digital Services Investment Holding
Fair value loss on other quoted investment Finance costs
Finance income
Share of net loss of associate
Loss before taxation
Income tax expense
Loss after taxation
Non-controlling interests
Loss after taxation & non-controlling interests
8,585 - 5,540
14,125
(1,674) - (13,490) (8,457)
(23,621)
18,336 259,579
- 277,915
(3,575) (2,624) -
- (6,199)
26,921 259,579 5,540 292,040
(5,249)
(2,624) (13,490) (8,457) (29,820) (8,242) (9,673)
224 (47,511) (1,010) (48,521) (63)
(48,584) 2,527
(46,056)

Posted by Victor Yong > 2020-11-10 13:59 | Report Abuse

This deal should Boost GP if jadi :)

Sources familiar with the ongoing developments said the tech firm Green Packet put in two offers last month, an updated binding offer of US$62.5mil assuming the equity conditions were retained and US$81.2mil in an alternative binding offer, if the equity conditions were removed

PETALING JAYA: A new bid by Green Packet Bhd has turned up the heat on the ongoing tussle for Silterra Sdn Bhd, Khazanah Nasional Bhd’s loss-making chip manufacturer.

Sources familiar with the ongoing developments said the tech firm put in two offers last month, an updated binding offer of US$62.5mil assuming the equity conditions were retained and US$81.2mil in an alternative binding offer, if the equity conditions were removed.

How this came about was after Khazanah allegedly shifted the goalpost by opening up the bids to foreign investors, which saw two firms coming in with big bucks to compensate for their failure to meet the local equity criteria, turning the Silterra sale into a whole new ball game.

Taiwanese semiconductor giant Foxconn was said to have ascribed a US$125mil enterprise value for Silterra, of which it would pay US$87.5mil for a 70% stake.

German-based group of semiconductor foundries X-Fab put in a less attractive offer of US$70mil, but was still better than the initial offers by Green Packet and Dagang Nexchange Bhd (DNeX) at US$56.8mil and US$32.7mil respectively.

The equity conditions set by the International Trade and Industry Ministry (Miti) and the Malaysian Investment Development Authority (Mida) required Silterra’s manufacturing plant to be majority local-owned, while foreign participation can only be in minority stakes.



It was clearly spelt out that Siltera had to maintain its equity structure of 55% local, out of which 30% has to be of bumiputra status while the foreign shareholding is up to a maximum of the remaining 45%.

It is learnt that Green Packet and DNeX were told to update their bids after Khazanah extended the tender from its earlier deadline of July 31 to Oct 9 and they were told to assume that the equity condition was removed and Khazanah could retain up to 30%.

Sources said in Green Packet’s latest bid, if the equity conditions were retained, its offer of US$62.5mil includes US$5.7mil for 10% free shares to a Malaysia Inc special-purpose vehicle (SPV) as a as strategic minority shareholder to safeguard national interest in the electrical and electronics (E&E) sector.

“The government can decide if it wants to give the 10% to Mida, Khazanah or the Science, Technology and Innovation Ministry (Mosti).

“This is to allow the government to continue exercising its influence to ensure continuous support towards the local semiconductor and E&E sectors, ” sources said, adding that this arrangement would lead to an effective local ownership of 59.5% with an effective bumiputra ownership of 37.2%.

In Green Packet’s alternative binding offer of US$81.2mil, assuming the foreign ownership control is lifted, sources said the group has proposed that Khazanah retain a 20% stake in Silterra.

Over time, Green Packet’s foreign partner Orient Excellent, which expressed its commitment to fully fund Silterra’s future capital expenditure requirements, will result in a foreign-majority shareholder roster.

Out of the 80%, Green Packet will eventually hold 43.8% while Orient Excellent – a private equity fund which has China’s Finance Ministry and National Social Security Fund as among its shareholders – will hold the other 56.2%.

The effective local ownership here is expected to be 55%, with an effective bumiputra stake of 39.3%.

It is said that the investment by Green Packet will be made through the RM500mil BumiTech Fund, a private equity fund which aims to support the growth of late-stage high technology companies owned by bumiputra entrepreneurs to upscale, expand local and global networks and eventually export technology products and services.

Sources also said what Green Packet had in store for Silterra would be the access to a large network of semiconductor companies such as its collaboration partner Huaqiang Group, which owns the largest distributor of semiconductor components in China, and Konka, a leading electronic conglomerate, also in China.

Silterra will also be the key element in building the Asia SemiCon Hub, the largest semiconductor industrial park in the country which aimed to attract up to RM68bil in investments and create more than 500,000 new jobs over the next 30 years, said the source.

Meanwhile, those with knowledge of the deal said there were chances that Green Packet might not want to take up the Silterra offer after December or January.

This was due to the emergence of newer semiconductor wafer plants in China that were looking at kicking off production in the second half of next year or by 2022.

“If Khazanah doesn’t sell it before that, I don’t think they can get any buyers in the future.

Posted by Victor Yong > 2020-11-10 14:00 | Report Abuse

Hujung bulan normally

@
Liquidity QR bila Victor?

Posted by Victor Yong > 2020-11-10 14:02 | Report Abuse

Tengok GP macam ada potensi naik, boleh keep some as part of an investment portfolio kot? :)

Posted by nekosaan > 2020-11-10 15:52 | Report Abuse

Thanks Sohai CUTLOST for weekend good backside service, Tq

Posted by CKT1818 > 2020-11-10 16:04 | Report Abuse

whole market moving but GP in hibernation hahaha

Posted by Jonathan Keung > 2020-11-10 16:10 | Report Abuse

Victor Yong : based on your information it's big No No for GP to take up the offer with all this restrictions and conditions imposed. Only a hare brain would agreed

Posted by didi7349 > 2020-11-10 16:26 | Report Abuse

so may news out but share price not up???because story telling wont boost investor confidence...only profit will

Posted by didi7349 > 2020-11-10 16:27 | Report Abuse

unless previous stories made big monies...then this new series of stories will attract more investor

Posted by didi7349 > 2020-11-10 16:28 | Report Abuse

anyway, I think this is a very solid co....pandemic or not, not going to affect its share price, this is what gp shareholder should be proud of

Posted by Jonathan Keung > 2020-11-10 16:29 | Report Abuse

Once bitten twice shy. Second time conned you are twice stupid. Third time get conned your own family also disown U

Posted by Plantermen > 2020-11-11 07:06 | Report Abuse

US DJ index jump from 26,925 points on Wed { 4Nov} to close yesterday at 29,420 { 11Nov} after the US elections and Pzifer announcement. A rise of 2,495 points. { +9.26%} matter of 4-5 trading days. What to Gpacket??

Posted by CKT1818 > 2020-11-11 13:07 | Report Abuse

Quarterly report out. Losses has reduced. By next quarter will turn to green

Posted by EatCoconutCanWin > 2020-11-11 13:11 | Report Abuse

Good results. Buy more

Posted by linheng > 2020-11-11 13:23 | Report Abuse

Why the NTA increase by more than 50% over 1 Quarter?

Posted by Plantermen > 2020-11-11 13:26 | Report Abuse

PBT result { before EBIT and amortisation write down}
Qtr ending 30Sep. - $ 7.582million
Qtr ending 30Jun - $13.539million
Qtr ending 31Mar - $ 34,982million

3qtr cumulative losses - $ 56.103 million

Posted by Fong YM > 2020-11-11 13:39 | Report Abuse

KYY watching you

Posted by harvest6138 > 2020-11-11 13:42 | Report Abuse

Q3 result still carry the 5millions of financial cost due to the exchange note , this should be zero in Q4 since it was settled in Sept , we should expect better result in Q4 if they continue to manage the cost wisely..

Posted by nekosaan > 2020-11-11 14:22 | Report Abuse

result good meh ? lossssss.....
.

Posted by Sheng1 > 2020-11-11 14:38 | Report Abuse

End game

Posted by CUTLOST > 2020-11-11 14:54 | Report Abuse

Congrat Nekoosaan.. Lost co and conn ppl money

Posted by nekosaan > 2020-11-11 15:34 | Report Abuse

pity Sohai CUTLOST got to sell backside again to cover loss, perempuan too much lah

Posted by didi7349 > 2020-11-11 15:39 | Report Abuse

how can it stays at 45 cents with this kind of result?......consecutive loss making quarters for so long...45 cents is too expensive

Posted by didi7349 > 2020-11-11 15:40 | Report Abuse

lets c what is perempuan story when he goes on fb live this fri/next monday

Posted by BearishTrend > 2020-11-11 15:43 | Report Abuse

Luckyly sold early..and bought the item i lv in Lazada grand sale..

Posted by nekosaan > 2020-11-11 15:46 | Report Abuse

habissssss, sell like no 2morow.......

Posted by rdwidjaya > 2020-11-11 15:51 | Report Abuse

On the contrary to "what is commented based on simple QR summary snapshot", I see that it will be a very good opportunity for gp to create successful corporate turnaround story. The EPS has and loss been improving over past few quarters consecutively, narrowing the negative EPS, coming to positive territory in next quarter. And the loss is also reducing by half every quarter. It's actually on track to be a very good headline story. But anyway, there is very little gp tickets held by ikan bilis.

Posted by Palmboy Palmboy > 2020-11-11 16:00 | Report Abuse

Time to sell,disappointed QR...so sad,invested such rubbish stock which managed by a group of daydreaming director...now wonder kendall cabut ,cause also kena tipu by ccpuan