Posted by WY Chan > 2015-03-31 22:33 | Report Abuse

Kikiii

Posted by 688888 > 2015-03-31 23:18 | Report Abuse

Dou think can fly

Posted by bangonluck > 2015-04-01 08:27 | Report Abuse

1.0 INTRODUCTION

The Board of Directors of XHHB wishes to announce that the Company had on 31 March 2015 entered into an Exclusivity Agreement with Asfar of PT 50760, Jalan Wawasan 4/KU7, Kawasan Perindustrian Sungai Kapar, 42290 Kapar Klang, Selangor, Malaysia to amongst others, appoint XHHB to supply the finished products produced by XHHB and its subsidiaries (“XHHB Group”), including but not limited to edible peanut, soy, sunflower, canola and any other oils (“Products”).

Asfar is the Malaysian related corporation of Ziyut Limited, a company incorporated under the laws of the Hashemite Kingdom of Jordan where Ziyut Limited which has obtained the right to supply all edible oils (save for palm oil derived edible oils) utilised in the Hashemite Kingdom of Jordan (with tax exemption). Further, Asfar and its related group of companies have established markets in other countries in the Middle East region and Africa. More information on Asfar is available on its website at www.asfarholding.com.

Subject to due diligence being carried out by the XHHB and Asfar (collectively referred to as “Parties” and individually referred to as “Party”) and a joint venture agreement being entered into, the Parties wish to enter into a joint venture arrangement in the near future to produce more Products for markets that Asfar and its related group of companies have access to.

2.0 SALIENT TERMS OF THE AGREEMENT

2.1 OBJECTIVES

The Parties agree to enter into the Agreement to achieve the following objectives:-

(i) to procure the Products to be supplied in the Hashemite Kingdom of Jordan in so far as Asfar’s concession requires; and

(ii) to work towards a joint venture arrangement within six (6) months from the date of the Agreement to produce more of the Products for Asfar’s supply to the Hashemite Kingdom of Jordan, the Middle East and Africa; and

(iii) the joint venture shall see the Parties forming a joint venture company whereby each Party holds 50% interest and XHHB investing approximately RM10.0 million to construct a plant in Malaysia to produce the Products and Asfar investing approximately RM10.0 million (in know-how and human capital) to fund the operational expenses of the joint venture company and to ensure purchase and offtake contracts from the Hashemite Kingdom of Jordan, Middle Eastern and African countries procures and purchase the Products from the joint venture company.

In order to achieve the successful completion of the objectives, the Parties agree that they shall combine their know-how, network and resources in the Project.

2.2 TERM

The Agreement shall be effective from the date of the Agreement (“Effective Date”) and shall be valid and binding until the joint venture agreement is successfully entered into within six (6) months from the Effective Date provided always that upon conducting the due diligence within the stipulated period, and subject to the due diligence exercise and authority’s approval of XHHB’s fund raising of approximately RM33.0 million via private placement and no breach of representations and warranties by Asfar, XHHB shall not be entitled to terminate the Agreement and shall be under an obligation to complete the forming of the joint venture company.

Without affecting the foregoing and for the avoidance of doubt, the joint venture arrangement will require time to produce the Products jointly and in the event it is required, the Agreement shall govern the arrangement for the immediate supply of the Products.

The details on the private placement will be announced in due course.
3.0 DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST



None of the Directors and/or the substantial shareholders of the Company or any persons connected to them have any interest, direct or indirect in the Agreement.
This announcement is dated 31 March 2015.

Posted by bangonluck > 2015-04-01 08:29 | Report Abuse

Got private placement... tricky....

Posted by armseven > 2015-04-01 08:31 | Report Abuse

Good opportunity...grab it!

Posted by Zhang > 2015-04-01 08:33 | Report Abuse

Again it depends on the private placement price...

Posted by Zhang > 2015-04-01 08:35 | Report Abuse

Price will normally go up after private placement since there's confident for some entity to accept private placement

Posted by bangonluck > 2015-04-01 08:39 | Report Abuse

Lets do a quick calculation... they want to raise 33m from private placement. Maximum share they can issued via private placement (assuming up to 10%) =235m shares.... they have to pay RM0.14 per shares for 235m shares...

Posted by bangonluck > 2015-04-01 08:41 | Report Abuse

So my 2 cents view that the share price may hover around 0.140-0.145 till private placement happened...

Posted by Stranger > 2015-04-01 09:06 | Report Abuse

how how how? warrant now 0.50, when to sell?

Posted by garywaiwai > 2015-04-01 09:14 | Report Abuse

can the warrant be sold anytime before expiry date? it wont affect the mother share that we holding right?

Posted by Stranger > 2015-04-01 09:19 | Report Abuse

when the warrant expiry?

Posted by bangonluck > 2015-04-01 09:24 | Report Abuse

gary, it wont affect your mother shareholding... stranger... 4 years...

Posted by Stranger > 2015-04-01 09:35 | Report Abuse

thank you:)

Posted by rapidbeginner > 2015-04-01 09:42 | Report Abuse

the price will not increase until the private placement have been done.....

Posted by Stranger > 2015-04-01 09:44 | Report Abuse

when the private placement will be done?

Posted by LookforFuture > 2015-04-01 09:47 | Report Abuse

worth to buy now , keep some stock for invest

Posted by rapidbeginner > 2015-04-01 09:48 | Report Abuse

i dunno la..... if i noe ... i wont be here commenting lor ... hahahaha.... maybe will be offering to bank for loan? who noes????

Posted by Stranger > 2015-04-01 09:51 | Report Abuse

haha,okok. thanks.

Posted by bangonluck > 2015-04-01 10:30 | Report Abuse

The price now is even lower than before ex-date...... sob sob... 1 lesson learnt... don't buy shares which AyamTua is in...

Posted by richman > 2015-04-01 10:47 | Report Abuse

manipulating the warrants

Posted by bangonluck > 2015-04-01 10:49 | Report Abuse

bought some at 0.04 this morning....

Posted by bangonluck > 2015-04-01 10:50 | Report Abuse

after bought... terus jatuh ... no eye see... hahahaa

Posted by eric_b7b > 2015-04-01 10:51 | Report Abuse

lol. can buy now ka

Posted by bangonluck > 2015-04-01 10:55 | Report Abuse

better go b2b lar....

Posted by zu1967 > 2015-04-01 11:14 | Report Abuse

Xinghe W out of value now. I cent is coming lor

Posted by hj123 > 2015-04-01 11:20 | Report Abuse

zu1967, what does you mean ? I cent ?

Posted by Ng Chian Zhong > 2015-04-01 11:22 | Report Abuse

1 cent , 0.010

Posted by happy118 > 2015-04-01 11:23 | Report Abuse

warrant exercise px ? when expired date?

Posted by hj123 > 2015-04-01 11:24 | Report Abuse

good show.

Posted by richman > 2015-04-01 11:30 | Report Abuse

ex price 10cts only expiry 2019 march only but the way they sell warrants it gives you the perception the mother will come down further

Posted by legend > 2015-04-01 11:30 | Report Abuse

Be careful...on w...nanti tinggal seluar dalam sahaja..haha

Posted by richman > 2015-04-01 11:31 | Report Abuse

unless now they collect and then push mum and warrants will go up

Posted by richman > 2015-04-01 11:31 | Report Abuse

never really trust china counter this xinghe will fry you in their cooking oil

Posted by richman > 2015-04-01 11:33 | Report Abuse

looks like they buy and sell their own shares at 3.5 to create volume

Posted by richman > 2015-04-01 11:35 | Report Abuse

if they believe in their company will progress why dispose the warrants CONMAN lah

Posted by happy118 > 2015-04-01 11:35 | Report Abuse

thx richman

Posted by richman > 2015-04-01 11:39 | Report Abuse

think can expect the mum to drop to 8-9cts soon and the warrants down to 2.5cts

Posted by lclwyp > 2015-04-01 12:24 | Report Abuse

Those who bought RM0.13 & RM0.135 all losing $

Posted by Dracula_E > 2015-04-01 12:53 | Report Abuse

OK RICHMAN,,,,,

i tot wan to q at 0.9 cents.....then i Q at 0.85 cents ....AYAM TUA SAY can 17 cents maa..


hihihiihihiih

Posted by 688888 > 2015-04-01 12:53 | Report Abuse

Wow runnnnnnn

Posted by Dracula_E > 2015-04-01 12:54 | Report Abuse

RUNnnn ??? i not yet in any

Posted by runnerman > 2015-04-01 13:09 | Report Abuse

Relax......will up..just hold

Posted by cipapo > 2015-04-01 13:48 | Report Abuse

why?...I bought warrant 5 cents 500 lots this morning...still can hold?

Posted by lclwyp > 2015-04-01 13:51 | Report Abuse

Dun think will hit 0.02 unless xinghe down to 0.04

Posted by zu1967 > 2015-04-01 14:13 | Report Abuse

Cipapo. U decide lor exercise price 10 cents. Mother now 10.5. Logicaly, the value should be 10.5 minus 10 , so 0.05 cents not 5 cents. Good luck

Posted by bnm999 > 2015-04-01 14:28 | Report Abuse

tqvm

Posted by firehawk > 2015-04-01 14:30 | Report Abuse

no lah ...wont be 2sen lah ....

Posted by Kelvin8787 > 2015-04-01 14:40 | Report Abuse

Habis hahaha

Posted by Kelvin8787 > 2015-04-01 14:45 | Report Abuse

is time to going back 0.070