netx masih ada dana dari right issue yang belum pakai... barangkali netx akan membeli syer mlabs lagi dengan lebihan dana tersebut
NETX HOLDINGS BERHAD (“NETX” OR “THE COMPANY”) - EXTENSION OF TIME FOR THE UTILISATION OF PROCEEDS RAISED FROM THE RIGHTS ISSUE WITH WARRANTS EXERCISE (For consistency, the abbreviations and definitions used throughout this announcement shall have the same meaning as those previously defined in the announcement dated 15 July 2020 in relation to the Share Consolidation and Rights Issue with Warrants.) 1. INTRODUCTION Reference is made to the proposed utilisation of proceeds raised from Right Issue with Warrants exercise involving the issuance of 626,136,825 Rights Shares and 313,068,412 Warrants C which was completed on 3 November 2020 (“Rights Issue with Warrants”). The Company had raised total proceeds of approximately RM81.398 million from the Rights Issue with Warrants. 2. DETAILS OF THE VARIATIONS OF THE UTILISATION OF PROCEEDS As at 31 October 2022, NETX had utilised approximately RM35.476 million from the total proceeds raised from the Rights Issue with Warrants. On 14 November 2022, the Board of Directors of NETX has approved the extension of the timeframe for the full utilisation of the proceeds raised from the Rights Issue with Warrants in the manner as set out below (“Proposed Extension of Time”) : No. Purpose Proposed Utilisation RM’000 Amount Utilised as at 31.10.2022 RM’000 Balance Available for Utilisation RM’000 Intended for Timeframe Utilisation Proposed Extension of Time for Utilisation of Proceeds from Completion Date of the Rights Issue with Warrants i) Development of a F&B e-commerce platform 5,000 5,000 - Within 18 months No Change ii) Marketing of GemSpot and GemSpot Lite 25,000 523 24,477 Within 36 months No change iii) Development and integration of business intelligence and data analytics system 8,000 - 8,000 Within 36 months No Change iv) Investment or partnership in other complementary businesses or assets 25,000 15,454 9,546 Within 36 months No Change v) Working capital 17,498 13,599 3,899 Within 24 months Within 36 months vi) Expenses for the Rights Issue with Warrants 900 900 - Immediate No Change Total 81,398 35,476 45,922 Page 2 of 2 3. RATIONALE The Group is developing the digital platform which offers travellers with an option to purchase foreign currencies. The COVID-19 pandemic has brought upon a slowdown in economic activities and border restriction in all countries. While pending the border restriction to be lifted, the expenditure on working capital were reduced to be cost effective. As the border restriction were gradually lifted during this year, the utilisation of the proceeds on working capital will increase gradually in the future and therefore needed to be extended for another year. 4. APPROVALS REQUIRED The Proposed Extension of time is not subject to the approval of any regulatory authorities or the shareholders of the Company. The Board is of the opinion that the Proposed Extension of Time will not have any adverse effect on financial performance of NETX and is in the best interest of the Company. This announcement is dated 14 November 2022 .
Netx might privatise mlabs as it has islamic factoring biz, synergy with netx islamic lending biz... wait n see
NetX collaborates with Myisco on digital Shariah financing CORPORATE NEWS Friday, 29 Jul 2022
6:18 PM MYT
KUALA LUMPUR: Netx Holdings Bhd's subsidiary Emicro Services Sdn Bhd is collaborating with Myisco Sdn Bhd to extend Shariah-compliant financial products to customers of Myisco's digital Islamic financial service platform.
In a filing with Bursa Malaysia, the group said Myisco is expected to list Emicro’s financial products into the Myisco Wallet to create synergies and enhancing the visibility of the platform as well as Emicro’s financial products.
"Approximately seven million Angkatan Koperasi Kebangsaan Malaysia (Angkasa) registered members will have access to Emicro’s financial products through the Myisco Wallet.
"In term of the features, Myisco deploys an artificial intelligence engine that can instantly match different customer’s needs and financial product category," it said.
ADVERTISING
It added that upon completion of the application, Myisco customers will be able to withdraw money through the Myisco Wallet or designated bank account within one working day.
Under the terms of the agreement, Emicro will be entitled to 80% of the net revenue, less taxes, from the personal financing while Myisco will receive the remaining 20%.
KUALA LUMPUR: Bursa Malaysia was slightly higher in early trade today as bargain hunting emerged following yesterday's selloffs due to cautious market sentiment.
0085 MLAB MLABS SYSTEMS BHD General Meetings: Notice of Meeting 52049 Indication: Notice of Meeting Description: Notice of Eighteenth (18th) Annual General Meeting ("AGM")The AGM will be conducted fully virtual at the Broadcast Venue, the members are advised to refer to the Administrative Guide on the registration and voting process for the said meeting. Date of Meeting: 29/11/2022 Time of Meeting: 10:30 AM Venue: Broadcast Venue at Level 4, Menara Lien Hoe,No. 8, Persiaran Tropicana,Tropicana Golf & Country Resort,47410 Petaling Jaya, Selangor Darul EhsanMalaysia Date of General Meeting Record of Depositors: 22/11/2022 Outcome of Meeting:
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
============= Be careful holding high NOSH multi year loss making penny stocks, many of which had undergone shares consolidation resulting in huge losses to retail shareholders
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Mudarabah Factoring Model For SMEs by MRA Razak · 2017 — This is where we believe a financing tool like factoring, especially Islamic factoring, can play a pivotal role. Factoring is a type of financial transaction .
Make sense bagi netx to swallow mlabs via share swap... Great synergy
KUALA LUMPUR (July 29): NetX Holdings Bhd, which slipped into the red for the second quarter ended May 31, 2022 (2QFY22), entered into a deal on Friday (July 29) to provide its Syariah-compliant loan products to customers of fintech company MYISCO Sdn Bhd.
NetX said its subsidiary, licensed money lender Emicro Services Sdn Bhd (eMicro), will be one of the companies to list its financial products on MYISCO’s digital Islamic financial services platform called MYISCO Wallet.
Under the deal, 20% of the net revenue received by eMicro through the personal financings will go to MYISCO with eMicro keeping the other 80%, said NetX in a filing with Bursa Malaysia.
MIYSCO is a wholly-owned subsidiary of MyAngkasa Digital Services Sdn Bhd, a private company led by Angkatan Koperasi Kebangsaan Malaysia (Angkasa), MyAngkasa Holdings Sdn Bhd, Boustead Digital Services Sdn Bhd, MySwitch Sdn Bhd and MRuncit Commerce Sdn Bhd.
The MYISCO Wallet aims to provide a digital wallet experience to people in the ASEAN region.
In a press statement, NetX said seven million registered members of Angkasa will now have access to eMicro’s financial products.
“In terms of the features, MYISCO deployed an artificial intelligence engine that can instantly match different customer’s needs and financial product categories.
“Upon completion of the application, MYISCO’s customers are able to withdraw the money through the MYISCO Wallet or designated bank account within one working day,” NetX said.
In a separate filing on Friday, NetX reported a net loss of RM183,000 for 2QFY22 compared to a net profit of RM241,000 a year earlier.
The software company said the loss was due to fair value adjustment on quoted investment of RM1.25 million, and a rise in operating and administrative expenses by RM730,000. The company was also affected by a rise in interest by RM430,000 from loans in Sungei Wang Plaza Sdn Bhd, which was acquired on Sept 30, 2021.
Quarterly revenue rose to RM3.32 million from RM1.7 million, thanks to new revenue on sales of foreign currencies after the group acquired a new licensed money changer subsidiary on Oct 28, 2021.
There was also higher interest earned from its money lending segment, NetX added.
For the first six months of FY22, the company saw its net loss narrow to RM3.37 million from RM10.2 million in the same period of FY21. Revenue rose to RM6.19 million from RM5.47 million.
NetX shares closed unchanged at nine sen on Friday, valuing the group at RM75.24 million.
WC = 440,488,340 Maturity 2023-12-07 Strike value 0.0900
================= Share consolidation 10 to 1 in November 2020 Rights issue 6 for 1 at RM0.09 per share in November 2020 Annual losses in 18 out of last 20 years
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Show Multi year losses, multi quarter losses 3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition 4. Directors utilise most of the fund raised 5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue 6. Repeat step 1 to 5
PASUKGB is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 24 February 2023.
=================== Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses due to the corporate exercises
List of penny stocks with shares consolidation :-
2023 in progress - VSOLAR, DOLPHIN, EDUSPEC, TECHNAX, PASUKGB
SINGAPORE (Dec 28): John Soh Chee Wen, who has been found guilty of masterminding the 2013 penny stock crash, has been sentenced to 36 years in jail while his co-conspirator Quah Su-Ling is given 20 years.28 Dec 2022
Penny stock crash mastermind John Soh sentenced to 36 ...
The Securities Commission is actively curbing capital market irregularities, contrary to the general perception, says chairman Datuk Seri Dr Awang Adek Hussin.
Beware of cyber scam Mymmar, Cambodia, Dubai, Korea. Once go in, forever cannot come out. Organized crime gangs behind Asia’s so-called "scamdemic" have set up remote bases in Myanmar’s border area with China — locations that are hard for police to reach and where the trafficking victims they use to perpetrate online scams have little hope of escape, a U.N. report said Tuesday.
Billions of dollars have been scammed by powerful Chinese and Taiwanese crime groups based in the Mekong region — as well as in the Philippines — who bombard the internet with romance scams, extortion and investment pyramid schemes.
While some crackdowns have taken place in Cambodia and the Philippines, the crime groups are refining their scams from fortified compounds under the protection of ethnic rebels in conflict-torn Myanmar, the United Nations Office on Drugs and Crime said in its report.
MLABS SYSTEMS BERHAD (“MLABS” OR THE “COMPANY”) (I) PROPOSED SHARE CONSOLIDATION; AND (II) PROPOSED RIGHTS ISSUE WITH WARRANTS
1. INTRODUCTION On behalf of the Board of Directors of the Company (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following:
(i) proposed consolidation of every 20 existing ordinary shares of the Company (“Shares”) into 1 Share (“Consolidated Share”) (“Proposed Share Consolidation”); and
(ii) proposed renounceable rights issue of up to 283,484,613 new Shares (“Rights Shares”) on the basis of 3 Rights Shares for every 1 Consolidated Share held on an entitlement date to be determined later (“Rights Issue Entitlement Date”), together with up to 113,393,845 free detachable warrants in the Company (“Warrants D”) on the basis of 2 Warrants D for every 5 Rights Shares subscribed for at an issue price to be determined later (“Proposed Rights Issue with Warrants”).
================ After 3 years, directors doing another share consolidation and rights issue to squeeze more money from shareholders
Multi year loss making company Non performing directors and management continue to receive their salaries for failing to bring in any profits from business
fraud ka? selalu receievables write off as bad debts kan? call for special audit,,,, fraud in approving credit limit to puak2 tertentu ka?
The Group recorded loss after tax of RM4.31 million as compared to the immediate preceding quarter’s loss after tax of RM5.89 million due to impairment on other investment, impairment loss on trade and other receivables and higher tax expense in the preceeding quarter.
The Group recorded loss after tax of RM4.31 million as compared to the immediate preceding quarter’s loss after tax of RM5.89 million due to impairment on other investment, impairment loss on trade and other receivables and higher tax expense in the preceeding quarter.
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) MLABS SYSTEMS BERHAD
Particulars of substantial Securities Holder Name NETX HOLDINGS BERHAD Address 22-09, Menara 1MK No. 1 Jalan Kiara, Mont Kiara Kuala Lumpur 50480 Wilayah Persekutuan Malaysia. Company No. 200001030834 (533441-W) Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 16 Oct 2023 810,000 Disposed Deemed Interest Name of registered holder FIRST UNITED TECHNOLOGY LTD Address of registered holder 17th Floor of The L. Place, No.139 Queens Road Central, Hong Kong Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Disposed of shares by First United Technology Ltd via open market transaction Nature of interest Deemed Interest Direct (units) 0 Direct (%) 0 Indirect/deemed interest (units) 228,230,250 Indirect/deemed interest (%) 15.75 Total no of securities after change 228,230,250 Date of notice 18 Oct 2023 Date notice received by Listed Issuer 18 Oct 2023
Announcement Info Company Name MLABS SYSTEMS BERHAD Stock Name MLAB Date Announced 18 Oct 2023 Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016 Reference Number CS2-16102023-00118
:( Changes in Sub. S-hldr's Int (Section 138 of CA 2016) MLABS SYSTEMS BERHAD
Particulars of substantial Securities Holder Name NETX HOLDINGS BERHAD Address 22-09, Menara 1MK No. 1 Jalan Kiara, Mont Kiara Kuala Lumpur 50480 Wilayah Persekutuan Malaysia. Company No. 200001030834 (533441-W) Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 12 Oct 2023 5,104,900 Disposed Deemed Interest Name of registered holder FIRST UNITED TECHNOLOGY LTD Address of registered holder 17th Floor of The L. Place, No.139 Queens Road Central, Hong Kong Description of "Others" Type of Transaction 2 13 Oct 2023 1,190,000 Disposed Deemed Interest Name of registered holder FIRST UNITED TECHNOLOGY LTD Address of registered holder 17th Floor of The L. Place, No.139 Queens Road Central, Hong Kong Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Disposed of shares by First United Technology Ltd via open market transaction Nature of interest Deemed Interest Direct (units) 0 Direct (%) 0 Indirect/deemed interest (units) 229,040,250 Indirect/deemed interest (%) 15.8 Total no of securities after change 229,040,250 Date of notice 16 Oct 2023 Date notice received by Listed Issuer 16 Oct 2023
Announcement Info Company Name MLABS SYSTEMS BERHAD Stock Name MLAB Date Announced 16 Oct 2023 Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016 Reference Number CS2-13102023-00089
MULTIPLE PROPOSALS MLABS SYSTEMS BERHAD ("MLABS" OR "COMPANY") (I) PROPOSED SHARE CONSOLIDATION; AND (II) PROPOSED RIGHTS ISSUE WITH WARRANTS (COLLECTIVELY, THE "PROPOSALS") MLABS SYSTEMS BERHAD
Type Announcement Subject MULTIPLE PROPOSALS Description MLABS SYSTEMS BERHAD ("MLABS" OR "COMPANY")
(I) PROPOSED SHARE CONSOLIDATION; AND (II) PROPOSED RIGHTS ISSUE WITH WARRANTS
(COLLECTIVELY, THE "PROPOSALS") We refer to the announcement made on 25 October 2023 in relation to the Proposals (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.
On behalf of the Board, TA Securities wishes to announce that the applications in relation to the Proposed Share Consolidation, admission of the Warrants D to the Official List of Bursa Securities and listing of and quotation for the Rights Shares, Warrants D and Additional Consolidated Warrants C as well as new Shares to be issued pursuant to the exercise of the Warrants D and Additional Consolidated Warrants C on the ACE Market of Bursa Securities have been submitted to Bursa Securities on 26 October 2023.
This announcement is dated 26 October 2023.
Announcement Info Company Name MLABS SYSTEMS BERHAD Stock Name MLAB Date Announced 26 Oct 2023 Category General Announcement for PLC Reference Number GA1-26102023-00051
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....
nightmare007
454 posts
Posted by nightmare007 > 2022-11-15 23:53 | Report Abuse
Kawan good123 bgthu beli MLAB now, Good123 ditipu kawannya, kamu semua juga tertipu :)))