KUALA LUMPUR (March 23): Green Packet Bhd saw its second largest individual shareholder Leong Seng Wui disposing of all his shares in the group on March 20 and 21.
On March 23, Green Packet in a filing with Bursa Malaysia stated that Leong, who is also the group’s executive director, had ceased being its substantial shareholder after he disposed of all of his shares early this week.
Prior to the disposal, Leong owned 124.34 million shares, or 8.91% of the issued shares of Green Packet, which he acquired back in January 31, 2022.
Leong disposed of 59 million shares on Monday (March 20) for RM3.45 million and 65.34 million shares on Tuesday (March 21) for RM3.7 million.
After his emergence in Green Packet in January 2022, he was appointed as an executive director of the group on Feb 10, 2022.
Besides serving on Green Packet’s board, Leong is also on the board of Revenue Group Bhd since Jan 17. He has also been on the board of Classita Holdings Bhd since June 15, 2022. Between May 30, 2018 and Oct 25, 2019, he served on the board of XOX Networks Bhd (previously as Macpie Bhd).
The largest shareholder of Green Packet is Datuk Seri Lim Kok Han, with an 18.09% stake through Silver Peak Sdn Bhd. Lim first emerged as the largest shareholder of Green Packet on Oct 25, 2022, after he subscribed to 358.18 million of shares through a private placement.
Green Packet’s share price closed one sen or 22.22% lower at 3.5 sen, giving it a market capitalisation of RM69.9 million.
OTHERS RESIGNATION OF EXTERNAL AUDITORS GREEN PACKET BERHAD
Type Announcement Subject OTHERS Description RESIGNATION OF EXTERNAL AUDITORS The Company has on 7 December 2022 received Messrs Crowe Malaysia PLT's letter of resignation dated 7 December 2022 ("Notice") as Auditors pursuant to Section 281 of the Companies Act 2016 and its terms of office will end from the date of this Notice.
The resignation of Messrs Crowe Malaysia PLT was on a voluntary basis and the Board of Directors is not aware of any matter that need to be brought to the attention of the shareholders of the Company.
The appointment of Messrs ChengCo PLT as the new Auditors of the Company is subject to the Company receiving the written consent to act as Auditors of the Company from Messrs ChengCo PLT pursuant to Section 264(5) of the Act.
This announcement is dated 7 December 2022.
Announcement Info Company Name GREEN PACKET BERHAD Stock Name GPACKET Date Announced 07 Dec 2022 Category General Announcement for PLC Reference Number GA1-06122022-00038
Pihak berkuasa,Siasatlah!!! Takut ada unsur rasuah .. kenapa bursa luluskan pp murah, dll... Bukan satu tapi banyak sykt dikuasai oleh geng tangan ghaib gunakan taktik yg sama
kat singapura, soh chee wen sebab manipulasi stok penny dah dipenjarakan... di msia, pihak berkuasa tak peduli ataupun dah disuap sampai terlalu kenyang tak dapat bergerak? hahaha
The Securities Commission is actively curbing capital market irregularities, contrary to the general perception, says chairman Datuk Seri Dr Awang Adek Hussin.
KUALA LUMPUR (March 27): The Securities Commission Malaysia (SC) has imposed 118 administrative sanctions for various misconducts and breaches of securities laws in 2022.
These included violations of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities, knowingly providing false or misleading information to Bursa Malaysia, violations of the take-overs and mergers provisions, and late submissions of documents under the Lodge and Launch Framework.
According to the SC's Annual Report 2022, sanctions imposed on parties found to have violated the regulations included reprimands, licence revocation, licence suspension, imposition of penalties and directives, and requirements to make restitution.
A total of RM12 million in penalties were imposed against some parties for their misconduct, the SC said in the annual report released on Monday (March 27).
Apart from administrative actions under its statutory powers, the SC also issued 76 infringement notices in 2022. The nature of cases ranged from corporate misconduct (22%), to insider trading (31%), securities fraud (14%), market manipulation (5%), unlicensed activities (11%), and money laundering (17%).
Infringement notices are issued where breaches of securities laws or guidelines detected do not warrant the initiation of a formal enforcement action or the imposition of an administrative action.
As of Dec 31, 2022, there were a total of 49 active investigations conducted by the SC involving securities fraud and corporate misconduct.
For more SC 2022 Annual Report stories, click here.
Last insider traded on open market march 6 at an average price ~27.4sen :)
7201 PICORP PROGRESSIVE IMPACT CORPORATION DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) Subject : Dealings Outside Closed Period 1. Details of Dealings Outside Closed Period Salutation : PUAN Name : ZAIDAH BINTI MOHD SALLEH Designation : Non-Executive Director Description of "Others" Designation : Type of Transaction : Disposed Date of Transaction : 06/03/2023 Description of Securities : Ordinary Shares (Deemed interest) No of Securities Transacted : 6,050,000 % of Securities Transacted : 0.923 Consideration : Malaysian Ringgit (MYR) 0.274 Remarks : You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
This is the second conversion already .. really can not understand what is the logic behind here .. Anyway wish to hear positive news from this counter ..
26 May 2023 - Notice of Person Ceasing (Section 139 of CA 2016) DATO SRI LIM KOK HAN Disposal of shares via direct business transaction No of securities disposed 358,183,000 unit Total no of securities after change 0 unit (0 %)
30 May 2023 Change in Boardroom Name DATO SRI LIM KOK HAN Designation Non Executive Director Directorate Non Independent and Non Executive Type of change Resignation
807 million shares issued since 2020 through private placement, almost doubling the NOSH. Soon there will be a cancellation of shares and issuance of more shares.. conman playbook
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....
sampooler
664 posts
Posted by sampooler > 2023-03-23 17:18 | Report Abuse
The gang is dispose share. Look like new management is coming..