Posted by Britishshorthair > 2020-07-01 21:34 | Report Abuse

if 80% share no need to list already lo. No point RTO

Posted by Britishshorthair > 2020-07-01 21:37 | Report Abuse

they can buy the warrants and the ICPS off the share market what. No need to wait. so in that case what is the minimum required to RTO? thats all they need. The intention is to list S5 guys, remember. So they no need minimum share holding. they need to accumulate more shares than what Ace bought, so together they have already enough, like 200 millon from current to RTO already. warrants all buy off the market

Posted by Pershing > 2020-07-01 21:58 | Report Abuse

https://newsbeezer.com/malaysia/ace-holdings-returns-rm-814-million-to-investors-for-misrepresenting-information/

Posted by Pershing > 2020-07-01 22:04 | Report Abuse

In terms of equity investments, the Group owns shares in ConnectCounty Holdings Bhd, AE Multi Holdings Bhd, OCR Group Bhd, Sanchech Holdings Bhd, Technodex Bhd and Apex Equity Holdings Bhd.

You can check all this stock performance...shit I kena and cannot get out....downhill...for few yrs.

Posted by Britishshorthair > 2020-07-01 23:25 | Report Abuse

Based on online resources.. JB quite spot on le. His history very good.

Posted by Doremon99 > 2020-07-01 23:51 | Report Abuse

Just buy in la tomorrow rocket up..

Posted by Britishshorthair > 2020-07-02 00:05 | Report Abuse

Connect now got 458 million shares, 102 million transfered represents about 22% shares, as per announceme nt.. as per JB said.. ace will transfer to S5, then RTO will happen. I think theres a limit for listing for shares. I guess they acquire off market somewhere else already through warrants or icps owner.

Posted by Britishshorthair > 2020-07-02 00:07 | Report Abuse

How they value S5 up to 1 billion..Lets say they got 450 million shares, last year earning was 63 million... at pe 15x, its approximately....er....950 million ringgit dy.. divide by 450 million shares now..... roughly 2 ringgit per share

Posted by Britishshorthair > 2020-07-02 00:08 | Report Abuse

Suddenly stories falling into place..

Posted by paulthesotong > 2020-07-02 08:03 | Report Abuse

Back to square one, more transparency seen.now Ace is the MSH any buying /selling, converting of its icps or warrants have to disclose to Bursa.as still own of 158 m icps and few million of warrants.

Posted by paulthesotong > 2020-07-02 08:19 | Report Abuse

Eyeball to eyeball, Ace vs Nsa. Winner who's?

Posted by jase123 > 2020-07-02 08:40 | Report Abuse

I hope ppl who are wanting to buy at 0.2 and below dont miss the boat.

Posted by Pershing > 2020-07-02 08:53 | Report Abuse

How do you get that figure 158m icps? If not mistake, there are 470 M Icps and so far this mth alone they have converted 93 M at 10sen each, so their cost per shares is 12.5 sen. There are still 377 M icps outstanding....I'm sure they will convert it all, as they already paid 0.025 sen for the 'right'. Shares value will be diluted accordingly.

Posted by nicholas99 > 2020-07-02 08:54 | Report Abuse

so, price should go down?

Posted by whoisashley > 2020-07-02 09:28 | Report Abuse

will the price go down again? i was trying to buy at 0.22 yesterday, but end up the lowest price is 0.225... damn....

Posted by whoisashley > 2020-07-02 09:37 | Report Abuse

Jb, would like to open a group and add all of us in? xD

Posted by High5 > 2020-07-02 09:50 | Report Abuse

This consortium is frontrunner for RM1.5 bil immigration system contract
By Xavier Kong | an hour ago | Mainstream

A consortium between MyEG Services Bhd, HeiTech Padu Bhd and S5 Systems Sdn Bhd is among the frontrunners for the National Integrated Immigration System (NIIS).

This is an RM1.5 bil project expected to be awarded during the third quarter of this year. The contract is for a total of 4.5 years including three years of development, six months of monitoring and a final year of maintenance.

After that, there is another maintenance contract which would be around 15%-20% of the value of the project.

Names have been bandied about. The usual suspects include listed companies Datasonic Group Bhd, Iris Corp Bhd and Scicom (MSC) Bhd. But it is the MyEG-HeiTech Padu-S5 Systems consortium that has been gaining some traction of late.

The most obvious link between the three companies is entrepreneur Wong Thean Soon, who owns MyEG which in turn plans to acquire a 10% stake in S5 Holdings Inc, the holding company of S5 Systems.

MyEG is expected to fork out RM90 mil, of which RM75 mil is in cold hard cash, while the remainder will be in MyEG shares.

Wong owns about 20% of MyEG directly and also through his vehicle, Asia Internet Holdings Sdn Bhd, which sits on a 37.6% stake.

But Wong also has a presence in HeiTech Padu through Asia Internet with a substantial 10.4% in HeiTech Padu, according to the latter’s 2019 annual report.

The other owner of Asia Internet is MyEG executive chairman Norraesah Mohamad. She was also an Umno supreme council member from 2000 to 2013.

And, HeiTech Padu has links to S5. One of its shareholders is AIX Shares Sdn Bhd which owns a meagre 0.79%, according to its annual report. AIX is wholly owned by offshore entity Merrington Assets Ltd.

Merrington owns a substantial stake in S5 Holdings and is the party that is being engaged by MyEG in the latter’s bid to acquire the 10% stake owned by Merrington in S5.

According to a Bursa filing dated June 30, the company Merrington had nominated is none other than AIX Shares.

Incorporated on July 5, 2019, AIX Shares has a sole director, Ng Hong Sing, who was among a string of individuals, together with Wong, involved in the alleged manipulation of MyEG shares between Jan 16, 2007, and April 24, 2007.

Wong entered into a settlement with the Securities Commission Malaysia in the sum of RM7 mil when he agreed without admission or denial of liability to settle the claim.

Other key shareholders of HeiTech Padu include Permodalan Nasional Bhd (PNB) which owns a 6.96% stake as well as Padujade Corp Sdn Bhd with a 24.85% stake.

Padujade has a string of shareholders including Perbadanan Usahawan Nasional Bhd (PUNB) with a 4.95% stake.

PNB and PUNB are wholly owned by Yayasan Pelaburan Bumiputra (YPB), whose chairman is Prime Minister Muhyiddin Yassin. Meanwhile, Tanjong Karang MP and Umno strongman Noh Omar is expected to helm PUNB.

Technically, the MyEG-HeiTech Padu-S5 Systems consortium presents itself as a strong front. MyEG itself received a three-year extension yesterday from the government to provide the online service for the foreign worker temporary employment pass which is worth an estimated RM208 mil.

But HeiTech Padu has a troubled past with its handling of the NIIS’ predecessor, the Malaysia Immigration System (MyIMMS).

HeiTech Padu was appointed by the Ministry of Finance, then headed by Najib Razak when he double hatted as prime minister, on Nov 1, 2010, through direct negotiation.

The Auditor General’s Reports 2015 and 2018 highlighted issues with the MyIMMS, including “losses in government revenue” in the latter report. The Malaysian Anti-Corruption Commission and the Home Ministry were looking into the issues.

But the flashpoint was in May 2016 when an insider syndicate in the Immigration Department was busted for sabotaging the MyIMMS after it successfully siphoned off RM1 bil.

Heitech Padu came out to defend itself that year after being criticised for putting out a shoddy product. The company denied that MyIMMS had been compromised but admitted that the system is susceptible to power outages and internet service disruptions.

But Heitech Padu also believed it was made the scapegoat for a structural problem much bigger than itself: poor overall system integration as many databases were developed and maintained by various vendors.

This led the Najib government to announce an overhaul of MyIMMS, hence the NIIS. Whether the NIIS can be successfully executed is another question that is worth raising given the many vested interests in the project.

Also, there is an element of mystery with S5, as its major shareholder NSA Technology is owned by an offshore or overseas entity NSA Technology (L) Inc.

But its sole director is Syed Mohammad Hafiz, who is from the Perlis royal family. His father, Syed Razlan Syed Putra Jamalullail, is the younger brother of Raja Perlis Tuanku Syed Sirajuddin Putra Jamalullail.

Posted by High5 > 2020-07-02 09:50 | Report Abuse

Buy Now

Posted by High5 > 2020-07-02 09:50 | Report Abuse

Buy & Keep

Posted by Britishshorthair > 2020-07-02 10:43 | Report Abuse

Please add me into the connect group thanks

Posted by chyeoh1972 > 2020-07-02 10:53 | Report Abuse

add me too...i am waiting at 0.20 level since every body price will going down

Posted by Daham1968 > 2020-07-02 11:02 | Report Abuse

Dont miss the boat.....

Posted by maxweng > 2020-07-02 11:03 | Report Abuse

Please add me too, thank you.

Posted by Bullcoming > 2020-07-02 11:11 | Report Abuse

Pls add me too

Posted by investgo > 2020-07-02 11:16 | Report Abuse

Please add me too tq

Posted by Smallqueen > 2020-07-02 11:23 | Report Abuse

please add me too, thanks in advance...

Posted by timehappy126 > 2020-07-02 11:25 | Report Abuse

Please add me too Master JB. Tq.

Posted by whoisashley > 2020-07-02 11:32 | Report Abuse

*would you like to... (typing error) hahahahahahaaha xDDD

Posted by MIchaelChew > 2020-07-02 11:44 | Report Abuse

please add me into the connect group. Thanks

Posted by covid19la > 2020-07-02 11:51 | Report Abuse

it seems like this rto taking a bit too long also

Posted by High5 > 2020-07-02 11:55 | Report Abuse

Pls add me too

Posted by Britishshorthair > 2020-07-02 11:56 | Report Abuse

We make our own private group la want? Share info

Posted by Hulk17 > 2020-07-02 11:57 | Report Abuse

add me too pls

Posted by Britishshorthair > 2020-07-02 11:58 | Report Abuse

Go telegram search @connect0102 , then we discuss la.

Posted by meisarel > 2020-07-02 12:17 | Report Abuse

Hourly chart already indicate downtrend line breakout at 24.5 sen

Posted by JC8886 > 2020-07-02 12:26 | Report Abuse

Please kindly add me too, thanks!

Posted by klck23 > 2020-07-02 12:29 | Report Abuse

add me too please

Posted by Bullcoming > 2020-07-02 12:32 | Report Abuse

JB my email: bullcominginvestment@gmail.com
Tq

Posted by wendycwl > 2020-07-02 12:34 | Report Abuse

Whats target price

Posted by wendycwl > 2020-07-02 12:34 | Report Abuse

Can buy now?

Posted by bursahunter > 2020-07-02 12:48 | Report Abuse

0.26 resistance broken, buy!

Posted by bleuerouge > 2020-07-02 13:09 | Report Abuse

ini kalilah

Posted by wendycwl > 2020-07-02 13:10 | Report Abuse

Whats target price sell?

Posted by bleuerouge > 2020-07-02 13:19 | Report Abuse

i’m targeting 35c

Posted by abc123_2020 > 2020-07-02 13:32 | Report Abuse

today should close at least 0.26 for more upside

Posted by paulthesotong > 2020-07-02 13:55 | Report Abuse

The list of 12 top icps holders are all diehardfans of Cc. Their never sell during the bad /good times. N made presently made up > 90%? Of all icps.!!!

Posted by Britishshorthair > 2020-07-02 13:57 | Report Abuse

How do you chexk the 12 icps holder

Posted by paulthesotong > 2020-07-02 14:15 | Report Abuse

AR 2019 page 160

Posted by mf > 2020-07-02 14:39 |

Post removed.Why?

Posted by High5 > 2020-07-02 14:49 | Report Abuse

Gap Up high volumn