MLABS SYSTEMS BHD

KLSE (MYR): MLAB (0085)

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Last Price

0.205

Today's Change

0.00 (0.00%)

Day's Change

0.195 - 0.205

Trading Volume

235,200


7 people like this.

13,165 comment(s). Last comment by Good123 2 weeks ago

Posted by whistlebower99 > 2024-02-06 15:11 | Report Abuse

FOR NEWBIES

(1) PROPOSED SHARE CONSOLIDATION; AND
(II) PROPOSED RIGHTS ISSUE WITH WARRANTS

(COLLECTIVELY, THE "PROPOSALS")
We refer to the announcements made on 25 October 2023 and 26 October 2023 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that Bursa Securities has, vide its letter dated 5 February 2024, approved the following:

(i) Proposed Share Consolidation;

(ii) admission to the Official List and listing and quotation of up to 86,964,544 Warrants D; and

(iii) listing and quotation of:

(a) up to 217,411,362 Rights Shares; and

(b) up to 86,964,544 new Shares to be issued arising from the exercise of the Warrants D.

===========
Be informed that share consolidation is coming very soon.
Long term holders will incur huge losses when their shareholding are reduced by 20 times.
After shares consolidation, directors will raise fund via shares issuance to RI
Directors will squeeze more money out of shareholders.
If shareholders didn't subscribe to the rights issue, their shareholding will be massively diluted.

Good123

24,973 posts

Posted by Good123 > 2 months ago | Report Abuse

kejahatan membawa kejahatan terbukti

Icon 888

2,216 posts

Posted by Icon 888 > 2 months ago | Report Abuse

Fully avoid

Good123

24,973 posts

Posted by Good123 > 2 months ago | Report Abuse

takda biz yg sebenar atau untung, cash burn selamanya ... right issue tak lama lagi kot? hehe

Good123

24,973 posts

Posted by Good123 > 2 months ago | Report Abuse

balik 1sen, terendah 1/2 sen tak boleh jadi sifar sen hehe

Good123

24,973 posts

Posted by Good123 > 2 months ago | Report Abuse

sungguh enlighten kini :)

@JJPTR

YNH is in messy situation. Purchase/joint venture by YNH subsidiary Kar Sin property with GWP over a piece of land. Original purchase price, $150millo, than adjusted to $170m than adjusted to $259m. ($170m+$89m). Final figure was $170m and $89m TO BE REFUNDED. ???? Now the said land resold to Sunway @$170m while YNH waiting for maybe long time for refund of $89m. Similar case of waiting for refund cases 1. AT system $4.4m full payment for glove factory purchase while under due diligence(first time lousy director do S&P in 2021.NOw 3 years already, no sight of refund. 2. Cepat Plantation directors suka suka write a cheque of $12m for their personal use. Almost 15 years of case management, still no refund. 3. TSH sale of land in Indonesia for $735m, got half of the payment, the other half still not received , almost 16 months after the sale. When, nobody knows. 4. Ekran boss Ting Pek Kim receive $700m from Ekran via MONEY LENDING arms of Ekran. Sure enuf, the $700m
is gone till today, after 20 years. (be careful if you see a non finance related company obtaining money lending license)

13 minutes ago

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

Dakwa & tangkap

It is learnt that the raids were conducted around the Tropicana area in Petaling Jaya.

PETALING JAYA: The Securities Commission (SC) is believed to have raided premises of listed companies for suspected abuse of fund-raising activities.

According to well-placed sources, the regulator kicked off the investigations following complaints and tip-offs from the public on alleged fraud, as well as potential false or misleading disclosure by several public-listed companies in their fund-raising exercises, including private placements, employees share option schemes and rights issues.

It is learnt that the raids were conducted around the Tropicana area in Petaling Jaya.

A number of listed companies had taken advantage of relaxed fund-raising rules that were loosened during the Covid-19 crisis. The rules were changed to allow companies to sell up to 20% of their issued share capital via private placements until Dec 31, 2021, compared with 10% previously.

In addition, companies were permitted to issue up to 30% of their existing share capital in a share placement if the shareholders approve the exercise at an EGM.

Naturally, the relaxed ruling attracted numerous small-cap companies to raise fresh cash for working capital and future investments or for new business ventures such as rubber glove manufacturing or distribution of vaccines and Covid-19 test kits.

According to the SC, fresh capital raised from secondary issuance, such as share placements and rights issues, rose 76% year-on-year (y-o-y) to RM8bil in 2020 and another 78.8% y-o-y jump to RM14.3bil in 2021.

Late last year, Bursa Malaysia proposed amendments to the Main Market and ACE Market Listing Requirements to, among others, boost the transparency on fund-raising exercises involving new securities issuance.

The exchange issued a consultation paper seeking public feedback on these proposed amendments.

Interested parties were invited to submit their comments and feedback by Jan 26, 2024.

Among the key proposed amendments include enhanced disclosures in relation to placement exercises, enhancing the employee share scheme framework by subjecting a share grant scheme to the same restriction on the total number of shares issued under a share issuance scheme.

These amendments were proposed probably to tighten the screw on public-listed companies’ fund-raising exercise rules, which were relaxed to help ease cash constraints caused by the Covid-19 pandemic in 2020.

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

CONSOLIDATION OF EVERY 20 EXISTING ORDINARY SHARES IN MLABS SYSTEMS BERHAD ("MLABS" OR "COMPANY") ("MLABS SHARES") HELD AS AT 5.00 P.M. ON 3 APRIL 2024 ("ENTITLEMENT DATE") INTO 1 MLABS SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
Ex-Date 02 Apr 2024

==========
Long term holders likely to incur huge losses due to shares consolidation

Be careful holding high NOSH low price loss making penny stocks.
Directors are good in fund raising via shares issuance

Posted by whistlebower99 > 1 month ago | Report Abuse

After completion of shares consolidation, directors will likely restart fund raising via shares issuance to PP ESOS or RI

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

Habis hehe

MLAB - Notice of Book Closure
MLABS SYSTEMS BERHAD

CONSOLIDATION OF EVERY 20 EXISTING ORDINARY SHARES IN MLABS SYSTEMS BERHAD ("MLABS" OR "COMPANY") ("MLABS SHARES") HELD AS AT 5.00 P.M. ON 3 APRIL 2024 ("ENTITLEMENT DATE") INTO 1 MLABS SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")



Kindly be advised of the following :



1) The above Company's securities will be traded and quoted "Ex - Consolidation” as from: 02 Apr 2024
2) The last date of lodgment : 03 Apr 2024


Remarks :


Participating Organisations are to take note of the following Share Consolidation exercise by MLABS SYSTEMS BERHAD.



The Share Consolidation comprises the following:-


CONSOLIDATION OF EVERY 20 EXISTING ORDINARY SHARES IN MLABS SYSTEMS BERHAD ("MLABS" OR "COMPANY") ("MLABS SHARES") HELD AS AT 5.00 P.M. ON 3 APRIL 2024 ("ENTITLEMENT DATE") INTO 1 MLABS SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")



In relation to the Share Consolidation undertaken by MLAB as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:


(a) on or after the Ex-date on 2 Apr 2024, trading of MLAB shares will be based on the newly adjusted share after the Share Consolidation of MLAB shares,


(b) on the basis of settlement taking place after 3 Apr 2024 with consolidated MLAB shares, any entitled shareholder who owns MLAB shares as at Ex-date may sell only up to the maximum MLAB shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 2 Apr 2024.


With the adjustments pursuant to the Share Consolidation effected on MLAB shareholders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled MLAB shareholder may use the following basis to estimate the maximum number of MLAB shares that he may sell from the Ex-date until the Book Closing Date which is from 2 Apr 2024 until 3 Apr 2024.


Number of MLAB shares that may be sold from 2 April 2024 until 3 April 2024

=



Number of shares held / 20



(All fractional shares computed should be disregarded)



Illustration:


For example, if Mr X owns or purchases 2000 MLAB shares on cum basis on 1 Apr 2024, his CDS account would still show 2000 MLAB shares until 3 Apr 2024. However, as a result of the above Share Consolidation exercise, Mr X’s 2000 MLAB shares in his CDS account will be adjusted to 100 MLAB shares on the night of 3 Apr 2024 which is the Book Closing Date. Therefore, Mr X may, if he so wishes, sells only up to 100 MLAB shares on or after the Ex-date i.e. from 2 Apr 2024 onwards.


Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 2 Apr 2024 until 3 Apr 2024, they are only entitled to sell the maximum of 1/20 of the shares owned before the Ex-date. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client’s position.




Announcement Info
Company Name MLABS SYSTEMS BERHAD
Stock Name MLAB
Date Announced 20 Mar 2024
Category Listing Circular
Reference Number ILC-20032024-00002

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

1.449bil shares issued. Consolidation 20:1.

After consol, 72mil shares++ je hehe

Terlalu licik menyerap wang traders or retail players

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

pERANGKAP YG LUMRAH: right issues, share split, esos kpd pengarah2, private placement at depressed prices, last last consol to make the final killing hehe... dulu bekas pm (muhyiddin & sabri), kini pm anwar... berani manipulasi syer lagi ATAUPUN PAKAI TAKTIK YG SAMA? HEHE

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

CONSOLIDATION OF EVERY 20 EXISTING ORDINARY SHARES IN MLABS SYSTEMS BERHAD ("MLABS" OR "COMPANY") ("MLABS SHARES") HELD AS AT 5.00 P.M. ON 3 APRIL 2024 ("ENTITLEMENT DATE") INTO 1 MLABS SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Consolidation” as from: 02 Apr 2024
2) The last date of lodgement : 03 Apr 2024

https://www.klsescreener.com/v2/announcements/view/6700205

==============
Be informed that your shareholdings will be reduced by 20 times after ex date.
Long term holders might incur huge losses due to the share consolidations

==============

Be careful of high NOSH low price loss making penny stocks
Many of the directors are only good in fund raising via shares issuance to PP, ESOS, RI and not good in generating profits from businesses

fl888

7,535 posts

Posted by fl888 > 1 month ago | Report Abuse

Below 10cts tomorrow ex, sure will not loose..

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

hah, ada news begini pulak

Commentary on Prospects
The Malaysia economy achieved 3.9% GDP growth for the year 2023 despite the challenging external
headwinds throughout 2023; supported by private consumption, recovering tourism industry, and robust
domestic labour market. For the current quarter, we are within our expectation with our financial services, and
ICT and fintech segments contributing over 80.0% of the Group total revenue. Our trading segment also had
achieved better results (about 13.8% of the Group’s total revenue) in this quarter supported by year end festive
season.
Our ICT segment is in final negotiation stage for a major project in One Northern Hub located in Bukit Kayu
Hitam, Kedah, to construct an integrated logistics hub for the Royal Malaysian Customs Department to cater an
annual throughput of 200,000 containers along with the warehouses and cross-dock facilities for cargo
consolidation and container stuffing.
At the same time, the Group will be looking forward to complete the recently approved corporate exercise
application to raise up to RM 34.786million that is intended to boost our financial services segment business
expansion.
The Group remains cautiously optimistic entering 2024 as the Government effort to implement the economy
growth under the Madani Economy Framework. The various implementations from strategic developments and
flagship projects under the 12th Malaysia Plan Mid-Term Review (12MP MTR), New Energy Transition
Roadmap (NETR) and New Industrial Master Plan (NIMP) 2030 will present new opportunities for the Group
to tap on.

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

lepas consol, ada news baru akan release untuk boost harga syer ka? hehe

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

net asset per share b4 consol = 8.3sen, lepas consol = 20 x 8.3sen = RM1.66 per share kini 22sen - 23sen, how the hidden hand group serap duit retailers hehe

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

hidden hand boleh jualkan his take at 50sen per share kpd pihak lain... boleh mengundurkan diri, dapat handsome profit.

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

sesiapa mau backdoor listing, boleh bincang the hidden hand group

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

lepas consol, total syer tinggal 70mil++ lagi laris jualbeli... haha

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

banyak cash lagi mlab haha

CONSOLIDATED STATEMENT OF CASH FLOWS (CONT’D)
Period Ended
31.12.2023
RM’000
(unaudited)
31.12.2022
RM’000
(unaudited)
Financing activities
Advance from directors - 35
Interest paid (151) (81)
Payment of lease liabilities (337) (650)
Proceeds from issuance of shares pursuant to exercise of
Warrants C * -
Net cash used in financing activities (488) (696)
CASH AND CASH EQUIVALENTS
Net changes (10,822) (16,618)
Effects of changes in foreign exchange rate (571) (172)
Brought forward 60,883 66,969
Carried forward 49,490 50,179
Cash and cash equivalents at the end of the financial period comprise the following:
Cash, bank balances and short-term fund 49,490 50,179

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

lepas makin kuat trading actitivity, more n more co with billion of shares akan consol syer hehe

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

hidden hand gang is likely to boost volume n price post-consol to bring back confidence .. wait n see

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

too early to judge

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

mlab will be a good case study on the impact of share consol for share price... especially all hidden hand stocks. either hidden hand is going to sell its stake or focus on the real biz after the change of govt from muhyiddin and sabri now

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

weighted average price was still 22sen++ from 9am till now

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

why such a support post share consol... interesting as a case study for phd students probably

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

price b4 consol... 1-1.5sen, if 1 sen = 20sen, if 1.5sen =30sen, 20 shares to 1. if we take the average 20sen +30sen /2 = 25sen ..

wait n see what will happen

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

1.5mil shares ++ traded.. if u muliply by 20X like pre=share consol, it is proven effective for share consol to boost liquidity/increase jual beli syer

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

BRIEF-Mlabs Systems Enters Memorandum Of Understanding With LG Electronics (M)

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

BRIEF-Mlabs Systems Says HJ. Suleiman Bin Mahmud Rmaf (Rtd) Redesignated Non Executive Chairman

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

(Reuters) - Mlabs Systems Bhd MLBS.KL :
* UNIT ENTERED INTO A JOINT VENTURE AGREEMENT WITH SEACERA
BUILDERS
* JOINT VENTURE TO JOINTLY DEVELOP PIECES OF MALAY RESERVED
LANDS
LOCATED AT MUKIM SUNGAI KARANG

Source text for Eikon: ID:nKLSZb2dh
Further company coverage: MLBS.KL

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

Profile of Directors
General Tan Sri Dato’ Sri Hj. Suleiman Bin Mahmud RMAF (Rtd)

Malaysian, age 75, Male

Non - Independent Non - Executive Director / Chairman

General Tan Sri Dato’ Sri Hj. Suleiman was appointed to the Board on 14 October 2009. He has joined the Federation Military College in January 1965, and was commissioned into the Royal Malaysian Air Force on 5 August 1965. He did his basic flying training at the RMAF Flying Training School in Alor Setar, graduating in August 1966. He then went on to fly the Alouette III helicopters and in 1967, qualified as a helicopter instructor after completing an instructor’s course in the United Kingdom.



General Tan Sri Dato’ Sri Hj. Suleiman also joined the Federation Military College in January 1965, and was commissioned into the Royal Malaysian Air Force on 5 August 1965. He did his basic flying training at the RMAF Flying Training School in Alor Setar, graduating in August 1966. He then went on to fly the Alouette III helicopters and in 1967, qualified as a helicopter instructor after completing an instructor’s course in the United Kingdom.



General Tan Sri Dato’ Sri Hj. Suleiman has a vast experience as a pilot having flown helicopters, fixed wing transport and fighter aircrafts. He had served as a Squadron Commander of the Sikorsky S-61 Helicopter Squadron and the Dart Herald Transport Squadron. He also flew the C-130H Hercules, the Aermacchi MB-339, the F-5E and the CN-235-220.



Throughout his career, General Tan Sri Dato’ Sri Hj. Suleiman has been assigned to several staff and operational appointments, and of importance was his appointment as the Director of Armed Forces Development Plans in the Malaysia Armed Forces Headquarters. In 1989, he was appointed the Base Commander of RMAF Base, Butterworth, a Fighter Operational Air Base. Later, he was assigned as the Commander of the RMAF Air Training Command. He was then promoted to Brigadier General RMAF and took over command of No. 1 Air Division, an Air Defence (and Fighter) Command. He later moved to the post of Brigadier General Staff (Operations) at the Air Force Headquarters in Kuala Lumpur. On his promotion to Major General RMAF in June 1994, he was appointed as the Chief of Staff Operations and later on, was assigned as the Chief of Staff Policy and Plans. In August 1996, he assumed the post of the Deputy Chief of Air Force, and was upgraded to the rank of Lieutenant General RMAF on the same post, in June 2000.



General Tan Sri Dato’ Sri Hj. Suleiman was promoted to the rank of General RMAF and assumed the appointment of the Chief of the Royal Malaysian Air Force on 11 June 2001. He retired on 4 June 2003 at the age of 56.

Mejar Dato’ Ismail Bin Ahmad (Retired)

Malaysian, age 73, Male

Non-Independent Non-Executive Director

Mejar Dato’ Ismail Bin Ahmad (R) was appointed to the Board on 14 October 2009 as Executive Director of the Company. On 31 December 2019, he was redesignated as Non-Independent Non Executive Director of the Company. He served in the Malaysian Army for 17 years and attended courses both local and overseas and held various appointments in service. In 1983, he joined Perwira Niaga Malaysia (Pernama), a wholly-owned subsidiary of LTAT, a wholesale and international trading company.



His last position in Pernama was Deputy General Manager before he left in 1999. He was the CEO of Odasaja Sdn. Bhd. in December 2002. He is now with Tegap Dinamik Sdn. Bhd. and several other companies, involved in projects, constructions and various infrastructures.

Ong Tee Kein

Malaysian, age 65, Male

Non-Independent Non-Executive Director

Mr. Ong Tee Kein was appointed to the Board on 13 January 2010 as an independent director, re-designated as Executive Director on 15 April 2010 and re-designated as Non-Independent Non-Executive Director on 31 December 2019.



He has several years of experience in industry and consultancy practice. After qualifying as an accountant in the United Kingdom, he joined a management consultancy practice specializing in providing advisory services to governments and international funding agencies. He subsequently joined the corporate advisory division of an international accounting firm and was involved with various corporate restructuring exercises.

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

Joe pun dah naik banyak post share consol. Wait4hidden hand gang gameplay

Share Consolidation
JOE HOLDING BERHAD

Entitlement subject Share Consolidation
Entitlement description CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN JOE HOLDING BERHAD ("JOE" OR '"COMPANY") ("JOE SHARE(S)" OR "SHARE(S)") INTO 1 JOE SHARE ("SHARE CONSOLIDATION")
Ex-Date 20 Oct 2023
Entitlement date 23 Oct 2023
Entitlement time 5:00 PM
Financial Year End 31 Mar 2024
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 23 Oct 2023
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units)
(If applicable)
Entitlement indicator Ratio
Par Value (if applicable)
Entitlement Details
Company Name Ratio
(New : Existing) Available/Listing Date Fractional Entitlement
JOE HOLDING BERHAD 1.0000 : 10.0000 24 Oct 2023 Round Down / Fraction Disregard

Registrar or Service Provider name, address, telephone no WORKSHIRE SHARE REGISTRATION SDN BHD
A3-3-8, Solaris Dutamas
No. 1, Jalan Dutamas 1
50480 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Tel:03 64133271
Fax:03 64133270


Remarks :
The Share Consolidation involves the consolidation of every 10 JOE Shares held as at 5.00 p.m. on 23 October 2023, being the entitlement date for the Share Consolidation, into 1 JOE Share ("Consolidated Share(s)").

The actual number of Consolidated Shares will be determined based on the total number of issued shares of the Company on the entitlement date for the Share Consolidation.

Fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and dealt with by the Board of Directors in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company.

The Consolidated Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 24 October 2023, being the next market day following the entitlement date for the Share Consolidation.

The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders of the Company within 4 market days after the date of listing and quotation of the Consolidated Shares on the Main Market of Bursa Securities.

The Share Consolidation will result in a reduction in the number of JOE Shares available in the market and the trading price of the JOE Shares will be adjusted accordingly in proportion to the basis of the Share Consolidation. The shareholders of the Company are strongly advised to trade cautiously to prevent overselling of their position in respect of their JOE Shares.

This announcement is dated 6 October 2023.

Announcement Info
Company Name JOE HOLDING BERHAD
Stock Name JOE
Date Announced 06 Oct 2023
Category Entitlement(Notice of Book Closure)
Reference Number ENT-06102023-00001
Corporate Action ID MY231006SPLR0001

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

Macam casino, volatile :)

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

Players n banker, same geng ka? Hehe

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

Tunggu banker masuk haha

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

Tunggu banker masuk haha

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

minority shareholders could urge for capital reduction, refund to shareholders

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

mlab is so cash rich.... just in the wrong group as the moment

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

hidden hand gang should take it private... now 20sen++, offer to take it private at 30sen++, i think, the minority shareholders would say yes

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

the minority watch dog group should help the minority shareholders of mlabs... prevent the misuse of the cash in mlabs.

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

harga purata syer dari 9am sampai kini 21sen+++ wait n see later.

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

cash equivalents @31/12/23~ RM50mil, total shares now ~72mil... cash per share~RM50mil/72mil~70sen per share...


the highest cash per share exceeding market price probably hahahaa 3 -4 times higher than current share price hehe

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

VWAP:0.2111Avg Vol/Trans:143.75Buy Rate:34%

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

Share Issued 72.470m
Market Cap RM14.494m@20sen

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

AUDIT COMMITTEE
Chairman
Chuah Hoon Hong
Member
Mejar Dato’ Ismail bin Ahmad (R)
Professor Emeritus Dr. Sureswaran
Ramadass
NOMINATING COMMITTEE
Chairman
Professor Emeritus Dr. Sureswaran
Ramadass
Member
Mejar Dato’ Ismail bin Ahmad (R)
Chuah Hoon Hong
REMUNERATION COMMITTEE
Chairman
Professor Emeritus Dr. Sureswaran
Ramadass
Member
Mejar Dato’ Ismail bin Ahmad (R)
Chuah Hoon Hong
OPTION COMMITTEE
Chairman
Ong Tee Kein
Member
Tan Sik Eek
Chuah Hoon Hong

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

Razif Mohar (“Razif”)
Malaysian | Male | 59
PROFILE OF HEAD OF BUSINESSES – IKHLAS AL DAIN
He acts as Head of Factoring of Ikhlas
Al Dain Sdn. Bhd.. He possesses
a master’s degree in Business
Administration (MBA) from Universiti
Technologi Mara (UiTM). Razif has
over 30 years of experience in the
banking and financial sector. He
started his career in a managerial
position at Maybank as Head of Dealer
& Receivables Financing. During his
tenure at Maybank, Razif and his team
were tasked to perform due diligence
for the bank’s branch operations in
the Philippines and Indonesia. He
also conducted a feasibility study on
automotive financing products for
Maybank in Jakarta, Indonesia. Razif
was one of the pioneers in setting up
Ikhlas Al Dain Sdn. Bhd..

Good123

24,973 posts

Posted by Good123 > 1 month ago | Report Abuse

Here’s an overview of our business segments within the Group:-
• Investment and holding of
investment properties
• Network Integration
• Data Center Build & Solution
• Cybersecurity
• Collaboration
• Cloud computing &
Co-Location
• Microsoft Solution
• Performance Optimisation
Inbase Partners
• Blockchain & Digital Assets
Advisory Services
• Fintech Technology Research
and Development
• High-Frequency and Quant
Trading Solutions
• Investment Managed
Account Services
• Software Application
Development
• Trading of Precious Metals
• Branding
• Digital Marketing
• Online Media Portal
• Offline Marketing
• Business Events
Organiser
• Seminar and Training
Organiser
• Trading of kitchen
equipment and related
products
• Private fine-dining
services
• Information technology
related services
• E-Commerce
• R&D and Provisioning
of Digital Business Card
(Mobile Application)
• Application and Web
Development
• Invoice Factoring
• Leasing
• Development Finance
• Building Credit
Winelouvre
• Trading of alcohol product

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