both side sit and settle lah. Why come here investors have nothing to do with you all. Tey abd oiu just accept cannot win, winner ckp just accept won already. Little investors don't need both of you. Settle among yourselves
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS NEXGRAM HOLDINGS BERHAD ("NEXGRAM" OR "THE COMPANY") - PROPOSED ACQUISITION OF 51% EQUITY INTERESTS IN TRANSEAWAYS SHIPPING SDN. BHD. FOR A PURCHASE CONSIDERATION OF RM41,200,000.00
NEXGRAM HOLDINGS BERHAD
Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS Description NEXGRAM HOLDINGS BERHAD ("NEXGRAM" OR "THE COMPANY") - PROPOSED ACQUISITION OF 51% EQUITY INTERESTS IN TRANSEAWAYS SHIPPING SDN. BHD. FOR A PURCHASE CONSIDERATION OF RM41,200,000.00 Unless otherwise defined, all definitions and abbreviations used in this announcement shall be the same as those previously defined in the announcement dated 14 January 2016.
Reference is made to Nexgram’s announcements on 14 January 2016 and 4 February 2016 pertaining to the above matter.
The Board of Directors of Nexgram wishes to inform that all conditions precedent stipulated in the SSA have been met, and as such, the Proposed Acquisition has been completed on 23 February 2016.
It means nexgram failed to understand it core value. And a company who don't understand it own core value is doomed to fails because it will never make a sound business plan.
Inovisi for example. It business model exactly mirrored nexgram as it sister company. When it was active, inovisi is an IT company that enter into forray of industries which do not in any way related to in core business, i.e. IT. Just take a look at it subsidiaries' business: PT Star and PT Fame were in the business of music; PT Goldchild is in mining industry; PT QDC Technologies is in the business of power plant and electricity; PT Nusantara Rising Rich is in service office business which held stakes in hytex, a now defunct textile company; acclaim and code wireless are setup as a scammer company; it parent company Green Pine Group supposedly in clean energy business.
So we have it, an IT company owned by a clean energy company with business ranging from music to mining to textile. Hence we should return to my initial question, what the hell an IT company doing in acquiring a shipping company?
In summary: nexgram is an empy shell company which fundamentally weak that failed to understand it owned core value and has been using by it founders to scam other companies
Pursuant to the proposed acquisition, Nexgram has also entered into a profit guarantee agreement with Hopscoth where the latter guarantee and covenant to Nexgram that the audited total profit after tax derived from the ordinary course of business of Transeaways Shipping for the financial year ending Feb 28, 2017 shall not be less than RM3.5 million.
Any acquisition or investment by a company should serve one purpose and that is enhancing or giving added value to it core business or product. This is the first and only rule.
So, answer this, how a shipping company like transway can adding value to nexgram's core business?
What a joke. Answering to a 2 year old kenny chong the neh is childish. Peanut mind like his father chong kek pek, what kenny peanut think sime darby is dead company because his theory sime goes from rubber to one thousand businesses from chemical to oil and property, so sime is dead to orrow, and chong ket poo is smarter than tan sri tan chee young of berjaya with business of gambling and seven eleven and selling hyndai car, so berjaya also dead tomorrow. Explain how kenny chong was born is like his peanut brain father hold his mother hand and they born kenny delivery by birdy in a basket. Shallow mind, an idiot!
Also by kenny chong and father chong kek pen all the SPAC like Sona, are empty shelll so Bursa shall be jailed for allowing them to go IPO. Hello kindegarden, the only one with no brain is ckp and son. Double idiots!! Early die early recycle the flesh la dic heads!
Google products includes: gmail; google plus, google map, youtube, android, search engine, etc. What does all this product have in common? These products serves as a way for data collection of the users which then google will formulate specific advertisements to be presented to the users. Google or now known as alphabet main product is advertising.
Apple products includes: ipod, itunes, iphone, ipad, imac, macbook, etc. These products while closed end to end from the software to hardware are integrated and each product is adding value to the other.
Now let see nexgram, quoted below nexgram's business taken from it website:
"Nexgram Holdings Berhad (“Nexgram Group”) is a public listed multinational conglomerate corporation based in Kuala Lumpur, Malaysia. As of to date, we operates through the following segments: Telecommunication, Security & Surveillance, Software Development, Property Development, Industries, Business Advisories and Investment activities."
What the hell telco have to do with security and surveilance? What is software development have to with property development? How industries related to business advisories and investment??? And now nexgram adding logistic and shipping company as well???
Here, consider the advise from Steve Jobs to Larry Page:
“Figure out what Google wants to be when it grows up. It’s now all over the map,” read the biography of Jobs’ interaction with Page. Later Jobs came to Page with a sharp advising tongue warning Google was making products, “that are adequate but not great. They’re turning you into Microsoft.”
Sound advice, to be sure, and focusing intensely on a few great products has been a consistent theme of Apple’s ever since Jobs returned in the late 90s. You might also remember that Jobs dispensed similar advice to Nike CEO Mark Parker after he assumed control of the shoe giant. “Nike makes some of the best product in the world,” Jobs told Parker. “Products that you lust after, absolutely beautiful stunning products. But you also make a lot of crap. Just get rid of the crappy stuff and focus on the good stuff.”
I am sure Jobs is right then and now. And you should heed to his words. Jobs after all was the one who make Apple from the brink of bankrupty to the most valuable company in the world in just ten years. He was also the advisor of facebook, google, nike etc
Jobs' word is similar the advise given by li shu wen, a ba gua zhang master who can kill his opponent in one strike. He said: don't be afraid of enemy who know many kungfu style, instead you should be afraid to enemy who only know one kungfu but he practice it to perfection.
In short, nexgram is jack of all trade but a master of none. And this is one of the reasons why nexgram will ultimately kapoot. Well, that and the fact nexgram was used by it founders to defraud everyone and it got no assets also play a role in it demise LOL LOL LOL LOL
"Jack of all trades, master of none" is a figure of speech used in reference to a person that is competent with many skills, but spends so much time learning each new skill that they can not become an expert in any particular one.
Reason to stay away from prtasco. -it project are sham -it founders used prtasco to scam everybody. -it financial report is bogus -it assets are non ecistence -it shares counter are cooked -it on the road to bankrupt ?
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....
ssboy
1,315 posts
Posted by ssboy > 2016-02-23 17:39 | Report Abuse
Tp remain 0.13...fund manager....tp alice 0.04....see what price reach 1st...