Reasons why Jack Ma chose N2N is because biz in Hong Kong is greater than in Malaysia. Also according to MEDC, Malaysia is one of the top ecommerce country in SEA. Expect positive changes to N2N in the future.
Is N2N first Malaysian company controlled by Jack Ma? Anyone can confirm? Years ago, Jack Ma came here with a lot of fanfare, promising to help turn Malaysia into an ecommerce hub. Maybe the time is now.
Hundsun Ayers is not local company..maybe N2N should be the 1st Malaysian company Jack Ma had an interest..probably can control it if able to buy more shares..N2N already 20 years in Malaysia with good track record in revenue/profit..using Jack Ma cable, probably we can see high revenue/income coming in..
Lets hope Jack Ma have a lot of plans for N2N. SBI had been selling regularly but stopped with sale on 17 Feb 2021. On 27 Apr they reported sale of the balance of N2N shares. Negotiations between the said parties must have taken after 17 Feb and concluded before 17 Apr. Question is did Jack Ma pay a premium. Between those two dates, highest price was 0.815 and lowest price was 0.705..
teareader818, Yes is it. SBI n Japanext dispose to Hundsun. read the news. with 132,055,852 (23.6570%) share acquired by Hundsun Technologies, it have become major share holder. 2nd shareholder is N2N itself 91,622,095 (15.3%)
In 2014, Jack Ma spent USD532 million to acquire a 20.72% controlling stake. In 2017, during China's fintech boom, one of the 4 stocks recommended by a Nomura analyst was Hundsun Technologies, with a 20% upside. At that time its price was CNY36 with trailing p/e 50. Price today? CNY94.57 with trailing p/e 64.28.
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 MrCompounding > 2021-04-27 23:13 | Report Abuse
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