Posted by zzzzzzz > 2022-09-29 20:35 | Report Abuse

Dah cakap lama yang ARITA insider untung saja ubtak percaya .lagi komen sampai mahu terbang hahaha.lagi medical centre Melaka .hahahaha

Posted by zzzzzzz > 2022-09-29 20:38 | Report Abuse

Finally it's a bad dream for US too .hahaha

Posted by 8dragon > 2022-09-30 14:59 | Report Abuse

Sana sini buat MOU/Agreement utk menipu pelabur....

Posted by MZM2511 > 2022-10-01 12:51 | Report Abuse

To:bursa2u@bursamalaysia.com
Sat, 1 Oct at 12:45 pm
Dear Sir,
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


2. Based on the 29 September 2022 announcement :

(a) The Purchase Consideration of Wings will be satisfied entirely via issuance of RCPS in MAGSB at an issue price of RM90.00 per RCPS in proportion to the percentage of Sale Shares to be sold by the respective Vendors which are Vendor A (Croske Hotels Sdn Bhd (CHSB)) and Vendor 2 (Flyboys Club Sdn Bhd (FCSB)).

(b) Wings is a private limited company incorporated in Malaysia on 25 February 2022 under the Companies Act 2016 (“Act”). Wings is a subsidiary of Croske Hotels Sdn Bhd (CHSB).

The directors of Wings are Dato’ Ramlan Merican Bin Naina Merican and Tey Por Yoong.

(c) Croske Hotels Sdn Bhd (CHSB) is a private limited company incorporated in Malaysia on 22 February 2022 under the Act. The principal activity of CHSB is investment holding. As at the LDP, CHSB has a share capital of RM1,000 comprising 1000 ordinary shares.

The director of CHSB is Tey Por Yoong and CHSB is a wholly-owned subsidiary of Croske Holdings Ltd.

(d) Flyboys Club Sdn Bhd (FCSB) is a private limited company incorporated in Malaysia on 22 February 2022 under the Act. The principal activity of FCSB is investment holding. As at the LDP, FCSB has a share capital of RM100.00 comprising 100 ordinary shares.

The directors and shareholders of FCSB are Dato’ Ramlan Merican Bin Naina Merican who holds 51 shares of FCSB or 51% shareholding percentage and Tey Por Yoong.

The shareholders of FCSB are Dato’ Ramlan Merican Bin Naina Merican who holds 51 shares of FCSB or 51% shareholding percentage and Tey Por Yoong who holds 49 shares of FCSB or 49% share holding percentage.

Posted by MZM2511 > 2022-10-01 12:53 | Report Abuse

4. My case and issues on Nexgram’s proposed acquisition of Wings are:
(a) As stated in the announcement at BURSA on 29 September 2022 related to the Proposed acquisition of Wings by Nexgram:

“8. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM

None of the Directors, major shareholders of the Company and/or persons connected with them have any interest, whether direct or indirect in the Proposed Acquisition.

(b) Based on my prior information at 3 (a) and 3 (b) above-mentioned, the three persons which are Mr. Tey Por Yee, Mr. Tey Por Chen and Mr. Tey Por Yoong are brothers or sibling.

(c) Based on the notes Mr. Tey Por Yoong is having direct interest in Wings as a director, CHSB as a director and FCSB as a shareholder an a director. Mr. Tey Por Yoong one of the a direct onwer or Wings which is a property involved in the proposed acquisition by Nexgram.

(d) Mr. Tey Por Chen and Mr. Tey Por Yee together are the top thirty shareholder of Nexgram. At the same time Mr. Tey Por Yoong, the brother of the two top three shareholder of Nexgram is the direct owner of the property involved in the prosed acquisiton by Nexgram.

(e) There will be a possibilty for the proposed acquisition of Wings by Nexgram could have an issue about the direct or indirect interest in the negotiation processes of the said proposal.

I would like Bursa Malaysia to look after this query and hope that it can excecuted as per standard operation procedure of Bursa Malaysia.
Thank you.

Posted by OrlandoOilSemiconIoT > 2022-10-01 14:47 | Report Abuse

This proposal is subject to the approval of the shareholders minus the RP... I suppose

Posted by OrlandoOilSemiconIoT > 2022-10-01 14:51 | Report Abuse

...entirely via issuance of RCPS in MAGSB at an issue price of RM90.00 per RCPS


Not NexGram RCPS


The RCPS is by and in a subsidiary... if and when converted the vendors will be the shareholders of the subsidiary... there is a possibility NexGram will loose this subsidiary.. that is.. the vendors holding more than 50% share in the subsidiary after conversion

Other thn this the deal is ok structured...

Don't know if tis RCPS charge interest?

Posted by MZM2511 > 2022-10-01 15:52 | Report Abuse

OrlandoOilSemiconIoT

...entirely via issuance of RCPS in MAGSB at an issue price of RM90.00 per RCPS


Not NexGram RCPS
----------
Same method used when Nexgram acquired 60% of Arita Plastics before this.

Posted by MZM2511 > 2022-10-01 15:53 | Report Abuse

APPROVALS REQUIRED AND CONDITIONALITY
The Proposed Acquisition is subject to the following approvals being obtained:
(a) shareholders of the Company at an extraordinary general meeting (“EGM”) to be convened; and
(b) any other relevant authorities and/or parties, if required.
The Proposed Acquisition is not conditional upon any other corporate exercise/scheme being proposed to be undertaken by the Company.

Posted by MZM2511 > 2022-10-01 15:54 | Report Abuse

Don't know if tis RCPS charge interest?
----------
Interest rate / dividend policy
:
This is on zero coupon with no declaration of interest or dividend throughout the tenure.

Posted by MZM2511 > 2022-10-01 19:32 | Report Abuse

Conversion rights
:
(a) In the event the RCPS cannot be redeemed within the Extended Period by the Purchaser, the Vendors shall have the right to convert their entire RCPS to enlarged 80% ordinary shares in the Purchaser by giving one (1) month prior notice.
(b) In the event of such conversion, the balance 20% of the Purchaser’s ordinary shares shall be held by the Purchaser’s existing shareholders.

Posted by whistlebower99 > 2022-11-07 22:50 |

Post removed.Why?

Posted by $$ BUYSELL $$ > 2022-11-07 23:22 | Report Abuse

conman stock

Posted by 8dragon > 2022-11-09 11:58 | Report Abuse

After SC, RI will be coming.....

Posted by 8dragon > 2022-11-11 07:12 | Report Abuse

Better to buy knm than this con stock....

Posted by OKU_2020 > 2022-11-17 10:49 | Report Abuse

Finally >> DEAD RAT Nexgram

Posted by fl888 > 2022-11-22 07:27 | Report Abuse

Buy 0.01 before consolidation….can fly like Hell after con price as nearly 85% held by major shareholders

Posted by hoot9e996 > 2022-11-23 09:53 | Report Abuse

well bought some 7s see how it goes.....

Posted by hoot9e996 > 2022-11-23 09:55 | Report Abuse

ideally 5c is where you want to buy

Posted by zzzzzzz > 2022-11-23 10:14 | Report Abuse

Apasal tak terus bankrup lah lagi tipu apao

Posted by zzzzzzz > 2022-11-23 10:14 | Report Abuse

Promoter pun sudah matilah MZM

Posted by zzzzzzz > 2022-11-23 10:15 | Report Abuse

Siapa masuk siapa mati kounter ni tipu saja tahu

Posted by zzzzzzz > 2022-11-23 10:17 | Report Abuse

MZM ada baik comment banyak sikit mana kounter pun hahaha
Dah habis wang kah profesional cikgu lanjjjiao

Posted by Santiago > 2022-11-23 10:44 | Report Abuse

what st00pid company is this la?? holland all the way

Posted by hoot9e996 > 2022-11-23 10:46 | Report Abuse

holland counter only got chance for GORENG before MATI

Posted by 8dragon > 2022-11-23 10:53 | Report Abuse

Propose RI 10:1 @ 0.10 ..

Posted by zzzzzzz > 2022-11-23 11:04 | Report Abuse

Got chance terus sapu lah kawan
Hahaha yang promoter pun dah matilah

Posted by zzzzzzz > 2022-11-23 11:06 | Report Abuse

Cepat sapu 0.065 hahaha
Ini hari sampai 0.05 esok 0.025 nanti jadi balik 0.010 hahaha

Posted by zzzzzzz > 2022-11-23 11:07 | Report Abuse

Tey is hhhkkkcccc tengok bila mati tepi jalan

Posted by zzzzzzz > 2022-11-23 11:21 | Report Abuse

Saya nak tahu bursa dah tidurkah .boleh ini MCM biar kounter ni rubbish main MCM ni kah

Posted by 8dragon > 2022-11-23 11:23 | Report Abuse

Balik kpd 0.005, BOD telah sakau kamu punya 10k shares

Posted by zzzzzzz > 2022-11-23 11:58 | Report Abuse

MZM ada baik

Posted by zzzzzzz > 2022-11-23 12:13 | Report Abuse

MZM ada baik

Posted by 8dragon > 2022-11-23 14:58 | Report Abuse

This is the lousiest counter listed in bskl so far...

Posted by fl888 > 2022-11-23 15:29 | Report Abuse

Before con 1cts, after con also go back to 1 cts…

Posted by zzzzzzz > 2022-11-24 22:03 | Report Abuse

Profesional mana pergi
Ada baikik

Posted by zzzzzzz > 2022-11-24 22:05 | Report Abuse

YEK sozzzaiii mari tipu pelabur masuk hahahaha.sudah Dato' lagi mahu tipukah

Posted by zzzzzzz > 2022-11-24 22:06 | Report Abuse

Panggil promoter MZM kerja sudahlah

Posted by zzzzzzz > 2022-11-24 22:06 | Report Abuse

Tak payah buat wayanglah sendiri

Posted by whistlebower99 > 2022-11-29 16:25 |

Post removed.Why?

Posted by 8dragon > 2022-11-30 13:08 | Report Abuse

Next move is the issuance of RI yet to be finalized....

Posted by 143922 > 2022-12-05 22:32 | Report Abuse

Ini nxg punya punai bila mau terbang.dataprp punya punai dah jauh terbang.

Posted by 8dragon > 2022-12-11 10:22 | Report Abuse

When is the RI.....

Posted by kangcs > 2022-12-12 17:40 | Report Abuse

Slow slow diam diam naik ke... 0096

Posted by MZM2511 > 2022-12-12 23:07 | Report Abuse

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.

Posted by MZM2511 > 2022-12-12 23:08 | Report Abuse

It said the companies involved are Nexgram Holdings Bhd, R&A Telecommunication Group Bhd, Asdion Bhd and Ire-Tex Corp Bhd.

Posted by MZM2511 > 2022-12-12 23:08 | Report Abuse

As we suspected, the hands of Tey sibling possibly still in Nexgram, without personal attendance as a director

Posted by MZM2511 > 2022-12-12 23:10 | Report Abuse

From: < @yahoo.com>
Sent: Saturday, 1 October, 2022 12:46 PM
To: Bursa 2U <bursa2u@bursamalaysia.com>
Subject: Query on the company : NEXGRAM (0096)



Dear Sir,

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

Posted by MZM2511 > 2022-12-12 23:13 | Report Abuse

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

Posted by mk88 > 2022-12-13 08:45 | Report Abuse

https://apps.theedgemarkets.com/article/sc-sues-five-individuals-causing-wrongful-loss-totalling-rm1206m