NEXGRAM HOLDINGS BERHAD ("NEXGRAM" OR "COMPANY") CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN NEXGRAM ("NEXGRAM SHARE(S)" OR "SHARE(S)") INTO 1 NEXGRAM SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")
On behalf of the Board, Malacca Securities is pleased to announce that the Share Consolidation has been completed following the listing of and quotation for 441,668,094 Consolidated Shares, 15,999,975 Consolidated Warrants B, 28,168,435 Consolidated Warrants C and 88,284,764 Consolidated Warrants D on the ACE Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on 25 November 2022.
The SC alleged that Tey, Lim, See and Tan, in their various capacities as directors and officers of the four public listed companies, siphoned out proceeds of the companies’ fundraising exercises, while Faizatul Ikmi abetted or furthered the siphoning.
From: < @yahoo.com> Sent: Saturday, 1 October, 2022 12:46 PM To: Bursa 2U <firstname.lastname@example.org> Subject: Query on the company : NEXGRAM (0096)
QUERY ABOUT THE POSSIBILITY FOR EMERGENCE OF DIRECT OR INDIRECT INTEREST RELATED TO THE PROPOSED ACQUISITION OF WINGS BY NEXGRAM (0096)
As a current Nexgram’s 0096WB holder, I want to refer to BURSA my suspicion about the possibility for emergence of direct or indirect interest related to the proposed acquisition of the entire equity interest in Wings By Croske Resort Langkawi Sdn Bhd (“Wings”) for a total purchase consideration of RM90.0 million (“Purchase Price” or “Purchase Consideration”) to be satisfied via the issuance of 1,000,000 redeemable convertible preference shares (“RCPS”) at an issue price of RM90.00 per RCPS in MAGSB to the Vendors (“Proposed Acquisition”) which was announced at BURSA on 29 September 2022 @ https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3296398
Hope this query also can has an effect to the proposed acquisition of the hotel in Langkawi..... Saya risau jika projek ni pun boleh menjadi projek sedut duit dari Nexgram oleh tangan-tangan ngaib yang terbabit... NEXGRAM OH NEXGRAM
KUALA LUMPUR (Dec 12): The Securities Commission Malaysia (SC) has filed a civil suit in the Kuala Lumpur High Court against five individuals for allegedly perpetrating a scheme to defraud and/or causing wrongful losses valued at RM120.6 million to four public listed companies.
In a statement on Monday (Dec 12), the SC said it filed the suit on Nov 29, 2022 against Tey Por Yee, Lim Chye Guan, See Poh Yee, Francis Tan Hock Leong and Faizatul Ikmi Abdul Razak.
It said the companies involved are Nexgram Holdings Bhd, R&A Telecommunication Group Bhd, Asdion Bhd and Ire-Tex Corp Bhd.
All of these are money driven incriminating and character assasination show, in the name public interest. Nothing is coincident. Looks low and CHEAP SKATE.
The worm and main culprit witch hunting tey is call Chong Ket Pen from Protasco Bhd. Old investors will know how Nexgram founder Tey bought over Protasco and saved this Chong Ket Pen from expelled by his ex boss and later Tey got cheated by Chong. Chong wanted to control Protasco and file series of false reports to blackmail all Tey investment companies including to bursa and SC in hope to kill all his businesses and weaken Tey from taking action on him.
All we know is Tey have made many investors profit in bull markets again and again. He left his companies and current management tried their best in business and every bull market including the Covid period still gave all investors capital gain.
Now bear market and price lowest across all Bursa companies. Frankly speaking some glove stocks even worst off.
Here is the best part. Everytime Tey ex companies about to recover and going up, this Chong fella sure coincidently push some where to tarnish Tey and his old companies. So coincidently Protasco fake law suit maybe ending, Chong lawyers and crook advisors sure made up new thing to make money from Chong.
I dont think this civil allegation has any impact on the companies. Founders will save companies, if they left, even their major shareholders will bring good prospect as always. If any of Tey fighters still helping the company the company has hope. If left with irresponsible hired managers, better invest in rubbish companies. There are hundreds of such trash, Bursa and SC no tooth to get the real culprits.
If any related party just declare, Bursa can ask the management to declare. No big deal. You all can vote using your rights.
I believe truth is truth, like that Chong fella false polis report also found out its fake report and case closed. Fake legal suit also no matter how Chong pay and bribe authorities to damage Tey integrity, cannot amend facts.
Else if no confidence please sell.
This low price happens before. Buy or sell up to your judgement. Many investors still prefer founders driving the company. They will all out to save their company.
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
wait for directors to reward shareholders with more warrants wait for directors to raise more fund via shares issuance to PP, ESOS wait for directors to issue more shares to acquire assets from friendly parties
Nexgram Holdings Berhad Extraordinary General Meeting Date of Meeting 29 Mar 2023 Time 03:00 PM
1. Proposed settlement of debt owing to Dato' Yek Siew Lee in the sum of RM3,658,107 to be fully satisfied through the issuance of 25,606,770 Ordinary Shares in the Company("Settlement Shares") at an issue price of RM0.10 each and 21,948,600 New Irredeemable Convertible Preference Shares ("ICPS") at the issue price of RM0.05 each
2. Proposed Settlement of debt owing to Travix Design & Renovation Sdn Bhd in the sum of RM11,808,459 to be fully satisfied through the issuance of 82,659,240 Settlement Shares at an issue price of RM0.10 each and 70,850,700 new ICPS at the issue price of RM0.05 each
3. Proposed settlement of debt owing to Midland Sands Sdn Bhd in the sum of RM14,125,578 to be fully satisfied through the issuance of 98,879,080 Settlement Shares at an issue price of RM0.10 each and 84,753,400 new ICPS at the issue price of RM0.05 each
Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the previous announcement on 29 September 2022 in relation to the Proposed Acquisition.
On behalf of the Board, Malacca Securities wishes to announce that MAGSB, a wholly owned subsidiary of the Company, CHSB, FCSB and Wings (collectively the "Parties") have on 8 March 2022, entered into a mutual termination agreement ("MTA").
The Parties have mutually agreed to terminate the CSSA according to the terms and conditions of the MTA as despite reasonable effort, there were certain conditions precedent of the CSSA which were unable to be satisfied by the respective Parties within twelve (12) months from the date of the CSSA.
As such, the Proposed Acquisition shall not proceed and will be aborted.
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....
Posted by zzzzzzz > 2022-11-23 10:14 | Report Abuse
Apasal tak terus bankrup lah lagi tipu apao