We refer to the Company’s announcement dated 6 January 2020 in relation to the Company being classified as an affected listed corporation pursuant to Rule 8.03A 2(a)(bb) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) as well as the requisite announcement in relation to its regularisation plan (“Proposed Regularisation Plan”) dated 5 July 2022.
On 16 August 2023, M & A Securities Sdn Bhd (“M&A Securities”), on behalf of the Board of Directors of Divfex (“Board”), announced that Bursa Securities, via its letter dated 16 August 2023, approved the Company’s application for an extension of time of 4 months up to 5 November 2023 for the Company to submit its Proposed Regularisation Plan to Bursa Securities.
On behalf of the Board, M & A Securities wishes to announce that a waiver application to Bursa Securities seeking its approval for a waiver to submit the Proposed Regularisation Plan and to uplift Divfex from its affected listed corporation condition has been submitted on 13 October 2023. Pursuant thereto, the proposals comprising a rights issue and establishment of ESOS that form the Proposed Regularisation Plan which was announced on 5 July 2022 are no longer required and are therefore withdrawn.
The Company will make the necessary announcements in due course upon further developments in relation to the said application.
The Board of Directors of Divfex Berhad (“DFX” or “the Company”) wishes to announce that Excel Commerce Solutions Sdn Bhd (“EXCEL”), a 51%-owned subsidiary of DFX, has on 18 December 2023 accepted a Letter of Award ("LOA") from Extreme Broadband Sdn Bhd ("EBB") dated 16 December 2023 to supply and install data center equipment system for EBB for the total contract value of RM16.4 million. The supply and installation of the data center equipment will commence by the end of December 2023 and is expected to be completed by 30 June 2024.
EBB is a private limited company incorporated in Malaysia on 5 May 2005 and has been in the business of providing system integration, application development, network consultancy related services, data centre management, disaster recovery services, maintenance support and other IT related services in Malaysia since 2005.
The LOA will have no effect on the issued share capital and substantial shareholders’ shareholdings in the Company.
The LOA is expected to contribute positively to the revenue, earnings and net assets of DFX Group for the financial year ending 30 June 2024.
None of the Directors and/or the substantial shareholders of the Company and/or persons connected with the Directors and/or substantial shareholders of the Company have any interest, direct or indirect in the LOA.
The Board of Directors of the Company is of the opinion that the LOA is in the best interest of DFX Group.
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....
YEMRO43
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Posted by YEMRO43 > 2023-10-13 22:21 | Report Abuse
I have said mid October you will see a very different company and by Monday you shall see..