most kena UMA AND THE REPLY IS always standard la. impt is the operator. how strong , mexter sure strong as there were riding on 4 days gain...keeping fingers crossed for tomor
Mlab has completed the initial beta testing of the new product. New intiative to increase rev from Internet portal pacifica2u.com. stated in the financial report.
We refer to the UMA Query by Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 2 June 2016 in relation to the sharp rise in price and high volume of the Company’s shares today and our replies below after making due enquiry with the Company’s directors and major shareholders as well as such other relevant persons seeking the cause of the UMA:-
1. whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decision
There are presently no corporate development relating to MLABS and its subsidiaries’ (“MLABS Group”) business and affairs that has not been previously announced that may account for the UMA other than the Company’s ongoing discussions with Bage Holdings Limited (“BAGE Holdings” or the “Vendor”) since the first quarter of 2016 for the proposed acquisition of the entire issued and paid-up share capital of BAGE (China) Co., Limited (“BAGE HK”) (“Proposed Acquisition”).
BAGE HK was incorporated in Hong Kong under the Hong Kong Companies Ordinance (Cap. 32) on 1 September 2006 as a private company with liabilities under its present name.
The entire issued and paid-up share capital of BAGE HK of HK$160,000 comprising 160,000 ordinary shares of HK$1.00 each. BAGE HK is wholly-owned by BAGE Holdings.
BAGE HK’s principal activity is investment holding. Through its sole operating subsidiary, QuanZhou Bage Sports and Leisure Goods Co., Limited (“QuanZhou BAGE”), BAGE HK is principally involved in the design, marketing, brand management, distribution and/or manufacturing of footwear, as well as the marketing, brand management, distribution and/or design of apparels and accessories, under its own proprietary brand name of “BAGE”. QuanZhou BAGE is also an original equipment manufacturer of local and international footwear brands.
At this juncture, the terms of the Proposed Acquisition has not been finalised. Upon finalisation of such terms, the Company intends to enter into a Heads of Agreement for the Proposed Acquisition within two (2) weeks from the date of this announcement. The Company will make the necessary announcements in accordance with the provisions of the ACE Market Listing Requirements.
2. whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Rules 9.09 and 9.10 of the LR;
The Company is not aware of any rumour or report concerning the business and affairs of the MLABS Group that may account for the trading activity.
3. whether you are aware of any other possible explanation to account for the trading activity; and
The Company is unaware of any other possible explanation to account for the trading activity.
4. whether you are in compliance with the LR, in particular Rule 9.03 of the LR on immediate disclosure obligations.
The Company is in compliance with the ACE Market Listing Requirements.
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....
dkpm89
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Posted by dkpm89 > 2016-06-02 14:59 | Report Abuse
last call