Tough going for GP { CCP} for the digital bank. Rumor around 45 to 50 applicants viaing for the limited 5 digital bank slot. Big names like RHB-Axiata, Bank Kerjasama, MIDF, HLB are the notable names. Hail riding group Grab, E wallet Touch & Go, Boost are all in too. Listed big corporations eg Sunway, Genting, YTL, Petronas are all eyeing a stalk. Not forgetting local system software providers ManagedPay, Myeg etc. And in addition, the 4 or 5 Singapore digital bank licence holders are in the race too. Other local commercial banks are playing close to their chest on the licence
ZICO Shariah Advisory Services Sdn. Bhd. (“ZICO Shariah”) is the Shariah Adviser to Public e-Islamic Innovative Technology Fund. ZICO Shariah is a member of ZICO Holdings and is registered with the SC to advise on sukuk issuances, Islamic funds as well as other Islamic capital market products and instruments. It is also approved by the Central Bank of Malaysia to provide Shariah advice, Shariah review and Shariah audit services to Islamic financial institutions. ZICO Shariah has more than 12 years of Shariah advisory experience.
Nobody would subscribe the rights or private placement at 30 sen. New proposal may set the PP placement or rights at 10 -15% discount over the average traded price { last 7 days } with free warrant throw in. Theoretically ,may see the new price fixed at 2O sen { with a sweetner } for subsribers
From bad to worse. CCP is selling G3global shares at 15 sen to his own Co. any upside on G3 global goes to his own pocket. Previously GP acquires his own property firm { rental, property agency} a related party transaction. Now going into money lending business venture { you can guess lending to whom} lost focus on GP
So far, few plc has started to diversify into money lending Hahaha, green packet, Appasia, vc and inix. If not mistaken sanichi also. What do you think they plan to do? If using the license to lend to their nominee and if end up can't paid, can legally written off, so basically is legal way to take money out from plc. This happened in 80' a guy call Dato Yeap Yee Foo was expert for this. Now we have few more experts in these. Careful don't put money in these companies
What happen tech stock, no more AI Park, semiconductor fail to bid now bid digital bank, then now do Ah long biz. Then change again to sme financing. Lol
Green Packet Bhd is partnering with Malaysian Industrial Development Finance Bhd (MIDF) to provide financing solutions to small and medium enterprises looking to digitalise their businesses.
To formalise the partnership, Green Packet group managing director CC Puan signed a memorandum of understanding with MIDF group managing director Datuk Charon Wardini Mokhzani in a virtual ceremony officiated by Deputy Minister of International Trade and Industry Datuk Lim Ban Hong.
Under the MoU, MIDF will provide financing advisory services and financing facilities where applicable to potential and existing clients of Green Packet who aim to fast-track their digital transformation journey
Kesian betul keep posting news here and jerit flying flying....being trap alot inside and hoping ppl help him push the price up and so that he can let go...can somebody please help him?
understand the MOU terms. MOU means no costs to MIDF. And zero income or revenue for GPacket ( clients are introduced or recommended to MIDF for their business financing } not automatic approval but subject to MIDF scrutiny.
Really bad for this counter { GP} slide from their original telco & It operations into this mess. They disposed off their Mobile operations, then invested in G3 global telling us { the minorities} G3 is their future growth. Now they sell off their stake to CCP { own CEO}. Don't even talk about Silterra and AliBaba JV, Hi tech technology park all come to nought. Now they wants a rights proposal and fund raising to fund their Kiple, money lending, trading, property investment { acquired from CCP}
Spoken to few investors, no positive comments at all
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Posted by future > 2021-06-30 09:30 | Report Abuse
Yes, Digital Islam is good sign to push further this stock, 24,5 is cheap!