XOX NETWORKS BERHAD

KLSE (MYR): XOXNET (0140)

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Last Price

0.03

Today's Change

0.00 (0.00%)

Day's Change

0.025 - 0.03

Trading Volume

193,000


12 people like this.

8,087 comment(s). Last comment by bullmarket1628 3 weeks ago

8899EL8899

1,517 posts

Posted by 8899EL8899 > 2021-12-17 17:15 | Report Abuse

apa ini !,..........mau lipat lagi kah?, ........tak cukup untung lagi kah?

8899EL8899

1,517 posts

Posted by 8899EL8899 > 2021-12-17 19:26 | Report Abuse

lipat kanan,....lipat kiri,.......lipat atas ,......lipat bawah,,,,apa lagi mau!.......... big shot getting stronger

8899EL8899

1,517 posts

Posted by 8899EL8899 > 2021-12-18 09:25 | Report Abuse

kasi compress,........ tambah air,.......compress sekali lagi,......bagi semua santan keluar,..........buang sisa

8899EL8899

1,517 posts

Posted by 8899EL8899 > 2021-12-18 09:53 | Report Abuse

talak cukup untung lagi kah?......... mau duit banyak-banyak,........ anak , cucu tak ada kaki ...tangan kah ?.........

Ppmaster

4,332 posts

Posted by Ppmaster > 2021-12-18 10:38 | Report Abuse

When trader know you buy at high price, than they will think how to kill all your money even you hold it for long term. Becareful.

Posted by whistlebower99 > 2021-12-21 14:48 | Report Abuse

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
MACPIE BERHAD now known as XOXNET

Particulars of substantial Securities Holder
Name XOX BHD

1 07 Dec 2021 22,400,000 Acquired Indirect Interest
Name of registered holder XOX (Hong Kong) Limited

Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 150,000,000
Indirect/deemed interest (%) 15.849
Total no of securities after change 150,000,000
Date of notice 10 Dec 2021
Date notice received by Listed Issuer 10 Dec 2021

=================
Be informed XOX is one of the major shareholder of XOXNET (previously known as MACPIE)
XOX and XOXNET could be controlled by proxies linked to Eddie Chei

=================
Beware of one day show

TAYOR, set realistic target

stockraider

29,922 posts

Posted by stockraider > 2021-12-21 14:50 | Report Abuse

If company kon...what is the use of financial analysis...bcos they kon anything mah!

Just avoid lah!

Lu tau boh ?Be informed XOX is one of the major shareholder of XOXNET (previously known as MACPIE)
XOX and XOXNET could be controlled by proxies linked to Eddie Chei

=================
Beware of one day show

stockraider

29,922 posts

Posted by stockraider > 2021-12-22 12:03 | Report Abuse

Memang betul ini kon fintec gang loh!

Tipu manyak panlai mah!


Posted by JKPTR > Dec 22, 2021 11:56 AM | Report Abuse

NILAI se seham 40c tu mcm duit Elon Mask, ratus billion usD.
Satu sen pun tak bolih di kecapi minority shareholder.
Asyik kira burung di atas pokok, berbillion, ape guna.
Yg di atas tanah, ape pun tak buat
Yg berlaku nya ,puak company PASUKHAS asyik minta duit dari orang ramai menerusiPP,RI,ESOS,tak berhenti henti
bisness syarikat niialah jual angan-angan kosong, berbillion. Lepas tu minta sedekah dari orang ramai

Posted by whistlebower99 > 2021-12-22 18:49 | Report Abuse

FOR NEWBIES

XOX NETWORKS BERHAD (FORMERLY KNOWN AS MACPIE BERHAD)
("XOX NETWORKS" OR THE "COMPANY")

PRIVATE PLACEMENT

On behalf of the Board, TA Securities wishes to announce that the Board had on 22 December 2021 (“Price-fixing Date”) fixed the issue price for the first tranche of the Private Placement at RM0.0279 per Placement Share (“Issue Price”).

The Issue Price represents a discount of approximately 9.71% to the 5-day VWAP of XOX Networks Shares up to and including 21 December 2021 of RM0.0309, being the last market day immediately preceding the Price-fixing Date.

This announcement is dated 22 December 2021.

=====
So pandai directors quickly fix PP price at such low price after operators push price from 7 to 3 last week.

=====
Minority shareholders equity diluted further. Dilution of eps. NOSH continue to rise to billion mark.

TAYOR

stockraider

29,922 posts

Posted by stockraider > 2021-12-23 10:32 | Report Abuse

The points below summarizes all the kon action of fintec gang mah!

Very easy to spot loh!

Avoid the kon mah!

From 3 cents to 2 cents and now 1 cent still you call for buy. Your hope analysis seems more powerful than FA & TA.

1) you only think it can't go further down because it is already 0.010 and the lowest it can go is 0.005. from 0.010 to 0.005, do you know your losses is 50%? seems this kind of losses is ok with you.
2) if consolidation were to happen, how many stocks you see going north rather than going south?
3) Out of 5.7bllion shares, did you even check how many top 30 shareholder is holding? Is it easy to push up?
4) How many share the BOD is holding? Why so little? No confident or purely for goreng?
5) 1 year since last year for you to notice how BOD only interested to goreng share instead of doing genuine business, yet you still get blinded and think the company got good business?
6) the BOD sell KOMARK, SAUDEE & VSOLAR when the price low instead of KOMARK at 40 cents post bonus issue, SAUDEE at RM 1, VSOLAR at 4 cents. When price up don't want to sell but after don't support, then sell? BOD so panlai do business. Go and check what price FINTEC invest in all 3 companies and how much losses it book after selling all 3.
7) Keep moping FOCUS share at 50 - 60 cents plus and now 4 - 5 cents didn't continue buy. So clever the BOD. Cheap don't buy but expensive buy. Why don't sell it around 50 - 60 cents and buy back now? Is BOD supporting the price for someone to off load and after offload don't support the price and let it free fall to current price? Sitting at how much paper loss for FOCUS?
8) Keep issuing PP, SIS even the price at 1 - 1.5 cents. If the BOD really take care of the company, at current low price with high cash in hand, why still want to issue more shares to get cash? is it to the good of the company or got other agenda?
9) Go into glove business when already so many company into this business. BOD no idea what business to go to or don't care and simply come out with a business to please shareholder. Now glove already on down trend but fintec glove factory not even ready.
10) getting pasukhas and now get AEM multi to build factory. Why not get an establish company to build but get related company which don't have experience in building glove factory at all? both company is 2 - 3 cents company.
11) MOU with ROBAYU CORPORATION SP. Z O.O. for selling glove. go and google this company what business it do? is it a shell company with no business but can got contract to sell glove? sell to who?
12) Why buy SEACERA when the company is under PN17 and under multiple litigation? What so special in SEACERA that no one know but BOD so panlai think is a gem?
13) Have you check all subsidiary under FINTEC how many share holder holding > 5% aside from FINTEC itself? how many BOD holding majority share in it.

I sincerely wish you make ton of money from FINTEC using your hope analysis instead of FA and TA. Good luck to you and hope more musang king for you to eat.

JuliusCeasar

1,051 posts

Posted by JuliusCeasar > 2021-12-24 14:52 | Report Abuse

I notice most FINTEC related stocks only shows down trend till now. The way I look at it share price would hover between 1.5 - 2 cents just like KANGER. Some of the stock are METRONIC, BCMALL, AT, FOCUS, FINTEC, XOXNET, XOX, KGROUP, AEM. The Syndicate only have 5 more trading days to GORENGGGG down the share. By 31 Dec 2021 I foresee share price is 1.5 - 2 cents..... Too cheap and conso would come after that. All is about TRAP.

JuliusCeasar

1,051 posts

Posted by JuliusCeasar > 2021-12-28 14:12 | Report Abuse

Countdown 4 days to go. The truth will reveal within this 4 trading days. Would it GORENGGGG UP OR BIG SELL-OFF GORENGGGG DOWN!

BECAREFUL!!! Happy trading guys!

Posted by whistlebower99 > 2021-12-28 15:03 | Report Abuse

XOXNET (MACPIE)

Types of corporate proposal Private Placement
Details of corporate proposal Private Placement of up to 20% of the total number of issued shares of XOX Networks

No. of shares issued under this corporate proposal 189,284,800
Issue price per share ($$) Malaysian Ringgit (MYR) 0.0279

Latest issued share capital after the above corporate proposal in the following Units 1,135,709,139

Listing Date 29 Dec 2021

https://www.klsescreener.com/v2/announcements/view/3480579

==========================
Directors continue to raise fund via share issuance to PP

Dilution of shareholders equity % and EPS
NOSH keep increasing above 1 billion shares

NOSH = 1,135,709,139
WB = 431,976,832

==========================
Trade wisely

JuliusCeasar

1,051 posts

Posted by JuliusCeasar > 2021-12-30 07:56 | Report Abuse

Another 2 days to go. Either today or tomorrow GORENGGGG UP OR MAJOR SELL-OFF GORENGGGG DOWN!

JuliusCeasar

1,051 posts

Posted by JuliusCeasar > 2021-12-31 08:32 | Report Abuse

Today is the last and final trading day of 2021. The truth will reveal today. Closed gorengggg up or major sell-off gorengggg down.

Its all now depends to SYNDICATE..... THE GAMES IS ON THEIR HANDS.

No need to quarrel! Happy trading!

JuliusCeasar

1,051 posts

Posted by JuliusCeasar > 2021-12-31 18:20 | Report Abuse

So, this is the truth!
Happy new year!

BE_GREEEEEDY

1,019 posts

Posted by BE_GREEEEEDY > 2022-01-04 15:09 | Report Abuse

COMINGGGGGGGGGG
ATTACCKKKKKKKKKKKKKKKKKKKKK = $$$$$$$

Ppmaster

4,332 posts

Posted by Ppmaster > 2022-01-08 09:10 | Report Abuse

Hope can up more , 0.045 - 0.05 look like max already.

Posted by melkeng888 > 2022-01-12 19:40 | Report Abuse

i think pp share are selling at 0.045.

5c0160

1,763 posts

Posted by 5c0160 > 2022-01-15 08:19 | Report Abuse

GN 3 soon

5c0160

1,763 posts

Posted by 5c0160 > 2022-01-17 21:14 | Report Abuse

Insider new capital reduction soon

Posted by whistlebower99 > 2022-01-26 15:32 | Report Abuse

XOX NETWORKS BERHAD (FORMERLY KNOWN AS MACPIE BERHAD) ("XOX NETWORKS" OR THE "COMPANY") - RESIGNATION OF AUDITORS

The Company wishes to announce that the Board of Directors had on 25 January 2022 received notice in writing dated 24 January 2022 pursuant to Section 281 of the Companies Act 2016 from Grant Thornton Malaysia PLT (201906003682 (LLP0022494-LCA & AF 0737)) ("Grant Thornton") on their resignation as Auditors of the Company, which shall bring Grant Thornton’s term of office to an end after 21 days from 24 January 2022.

The Board is not aware of any other matters that need to be brought to the attention of shareholders of the Company.

The Company is in the midst of identifying new Auditors to be appointed subject to the end of term of office of Grant Thornton and the new Auditors’ consent to act as Auditors of the Company.

Further announcement will be made by the Company in due course once the appointment of the new Auditors is finalised.

This announcement is dated 25 January 2022.

===================
Auditor resigned !!!
Hope it is not another case like serbadk dynamic

TAYOR

Lightspeed

185 posts

Posted by Lightspeed > 2022-01-28 10:18 | Report Abuse

next week will down, any lien ho group will down.. only newbie will trap on all their counter, remember xox, don't trust any company related to them

Lightspeed

185 posts

Posted by Lightspeed > 2022-01-31 09:31 | Report Abuse

Take your money and don't invest in this con stock and group.. So many other stocks that will benefit u and not suck your money all the time

sato

310 posts

Posted by sato > 2022-02-08 00:18 | Report Abuse

AT’s ESOS truck is loading now

Posted by bullmarket1628 > 2022-02-08 16:52 | Report Abuse

Super great news !
Malaysia's National Recovery Council agrees to fully reopen borders without quarantine by March

Rashvinjeet S Bedi
08 Feb 2022 03:19PM (Updated: 08 Feb 2022 03:19PM)

https://www.channelnewsasia.com/asia/malaysia-reopen-borders-no-quaran...

Citadel9999

2,878 posts

Posted by Citadel9999 > 2022-02-11 14:41 | Report Abuse

5555

sato

310 posts

Posted by sato > 2022-02-24 16:13 | Report Abuse

Fintec’s ESOS is dumping…

Posted by whistlebower99 > 2022-03-05 11:38 | Report Abuse

LATEST QR
ANOTHER QUARTER OF LOSSES
Profit/(loss) attributable to ordinary equity holders of the parent -2,264,000

Quarterly rpt on consolidated results for the financial period ended 31/12/2021 | https://www.klsescreener.com/v2/announcements/view/3509671
MULTI YEAR LOSS MAKING COMPANY, 10 YEARS CONTINUOUSLY!!!
========

TAYOR

Icon 888

1,533 posts

Posted by Icon 888 > 2022-03-06 03:22 | Report Abuse

Dun touch!!!

brennan

98 posts

Posted by brennan > 2022-04-04 21:51 | Report Abuse

dah start jalan

Posted by bullmarket1628 > 2022-04-30 14:07 | Report Abuse

MEMORANDUM OF UNDERSTANDING XOX BHD - MEMORANDUM OF UNDERSTANDING WITH IMPACT MEDIA & COMMUNICATION SDN. BHD.
XOX BHD

https://www.bursamalaysia.com/market_information/announcements/company...

Description: XOX BHD
- MEMORANDUM OF UNDERSTANDING WITH IMPACT MEDIA & COMMUNICATION SDN. BHD.

The Board of Directors of XOX Bhd (“XOX” or “the Company” or "the Group") is pleased to announce that the Company had on 29 April 2022 entered into a Memorandum of Understanding (“MOU”) with Impact Media & Communication Sdn. Bhd. (“Impact Media” or “the Vendor”) for the proposed acquisition of 100% equity interest in Perak FC Sdn. Bhd. for a total purchase consideration of RM1.00 only (“Proposed Acquisition”).
 
Impact Media is a private limited company incorporated in Malaysia which primarily involved in the business of advertising agency that offer a full range of advertising services that include media buying, advertising space, creative design, media planning & execution, digital & social media, printing & publishing, focusing on assisting government agencies, corporate sectors, small and medium enterprises, especially entrepreneurs to promote their products and services locally. Impact Media is the registered owner of 2,500 ordinary shares, representing 100% equity interest of Perak FC Sdn. Bhd.
 
Perak FC Sdn. Bhd. is a private limited company incorporated in Malaysia and the registered and/or beneficial owner of Perak’s official football club known as “Perak FC”.
 
Pursuant to the MOU, the Vendor and XOX (collectively as “the Parties”) shall entered into a Share Sales Agreement within 14 days from 29 April 2022 or any extension to be mutually agreed in writing by the Parties, subject to the satisfactory on the outcome of the due diligence exercise to be conducted by XOX. Failure which, the MOU shall lapse and cease to have any effect.
 
XOX views the Proposed Acquisition as an opportunity to expand its reach further by enlarging its ecosystem to incorporate football. Perak FC has an estimated fanbase of half a million fans, and Perak State is widely known to house the nation’s most fanatical football fans.
 
XOX already has an involvement in motor sports with its continued support and sponsorship with The Komanz Kru Racing (“TKKR”). The year on year revenue increase and market share acquisition is directly correlated to XOX’s venture with the TKKR racing team.
 
With the Proposed Acquisition, XOX hopes to emulate the subscriber growth from tapping the football fan base, as well as generate new media contents for consumption of its subscribers. The Proposed Acquisition is very much in line with XOX’s history supporting the local community.
 
The total purchase consideration of RM1.00 was arrived at on a willing-buyer willing-seller basis after taking into consideration, amongst others, of the following:
 
i) Based on the latest audited financial statements of Perak FC Sdn. Bhd. as at 30 June 2021 which recorded a loss after taxation of RM2,321,901 and net liabilities of RM3,504,688;
ii) Operational difficulties of the Perak FC club; and
iii) Outstanding liabilities of approximately RM7.1 million as of 31 December 2021.
 
The MOU will not have any effect on the share capital and substantial shareholders’ shareholdings of XOX. The MOU is also not expected to have any material immediate effect on the earnings per share, net assets per share and gearing of the Group for the financial year ending 30 September 2022.
 
None of the directors and/or major shareholders of the Company and/or persons connected with them have any interest, whether direct or indirect, in the MOU.
 
The Board of Director of XOX, having taken into consideration all aspects of the MOU, is of the opinion that the MOU is in the best interest of the Group.
 
The MOU is available for inspection at the registered office of the Company at 22-09, Menara 1MK, No. 1 Jalan Kiara, Mont Kiara, 50480 Kuala Lumpur between 8.30 a.m. and 5.30 p.m. from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement.
 
This announcement is dated 29 April 2022.

Posted by bullmarket1628 > 2022-04-30 14:30 | Report Abuse

Perak FC kini milik XOX

29 Apr 2022

https://www.sinarharian.com.my/ampArticle/200511

Majlis MoU antara Perak FC dan XOX Berhad di Petaling Jaya pada Jumaat. - Foto FB Perak Football Club

SHAHRIZAL AHMAD ZAINI
TEKA-TEKI berhubung status pengambilalihan Perak FC akhirnya terjawab apabila syarikat telekomunikasi terkenal, XOX Berhad (XOX) sah sebagai pemilik baharu kelab Liga Premier itu.
Pada Jumaat, urusan ‘jual beli’ Perak FC selesai apabila satu majlis perjanjian memorandum persefahaman (MoU) diadakan antara XOX dan Impact Media and Communication (IMC) Sdn Bhd.
Majlis yang berlangsung di Pejabat Besar XOX di Tropicana, Petaling Jaya itu turut disaksikan Ketua Pegawai Eksekutif Liga Bola Sepak Malaysia (MFL), Stuart Ramalingam.
Ketua Pegawai Eksekutif Perak FC, Muhammad Yunus Zakariah nyata lega apabila proses pengambilalihan secara rasmi skuad The Bos Gaurus itu dijangka selesai kira-kira dua minggu lagi.
“Alhamdulillah... Perak FC sudah boleh meneruskan fokus bagi menghadapi saingan Liga Malaysia (Liga-M), tiada lagi hal-hal berbangkit terutamanya urusan pemilikan pasukan.
“Malah, kami sudah tidak perlu lagi risau dengan sebarang bentuk hukuman daripada MFL seperti pemotongan mata kerana segala-galanya sudah selesai hari ini (Jumaat).
“Sudah tentu ini satu berita yang baik kepada barisan pemain, jurulatih dan pegawai Perak FC. Tak lupa juga kepada seluruh penyokong Perak FC,” katanya kepada Sukan Sinar pada Jumaat.
Untuk rekod, Perak FC muncul pasukan kelima Liga-M yang dimiliki sepenuhnya organisasi swasta tanpa ada penglibatan atau perkongsian saham kelab daripada kerajaan negeri atau Persatuan Bola Sepak Negeri (FA).
Muhammad Yunus menjelaskan bahawa masih ada satu urusan yang masih belum dimeterai antara Perak FC dan XOX iaitu perjanjian jual beli.
“Setakat ini kita hanya perjanjian persefahaman (MoU) manakala perjanjian jual beli masih belum ditandatangani antara kedua belah pihak.
“Apa pun, setakat ini semua perkara berjalan lancar. Saya jangka semua urusan pengambilalihan serta jual beli Perak FC kepada XOX akan selesai sepenuhnya dalam masa terdekat,” jelasnya.
Dalam pada itu, XOX menerusi satu kenyataan memaklumkan tunggakan gaji pemain dan pegawai Perak FC akan dilunaskan sepenuhnya sebaik sahaja segala urusan selesai.
“Bagaimanapun, sebagai sebuah syarikat berhad, ia perlu melalui proses 'due dilligence' dan proses berkenaan akan dilaksanakan secepat mungkin.
“XOX turut menyerahkan sumbangan wang tunai RM100,000 yang disampaikan kepada semua pemain dan staf Perak FC sebagai bantuan untuk menyambut Aidilfitri,” menurut kenyataan XOX.

Posted by whistlebower99 > 2 months ago | Report Abuse

FOR NEWBIES

QR is out with another quarter of losses though lower

Profit/(loss) attributable to ordinary equity holders of the parent -756,000
https://www.klsescreener.com/v2/stocks/financial-report/0140/2022-03-3...

===============
Company keep losing money
Loss making for 10 years in a row
Directors continue to receive remuneration and payment

===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

====================
TAYOR, set realistic target

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

LKL and IMPIANA are the latest high NOSH penny stock to join the list of share consolidation stocks.
https://www.klsescreener.com/v2/announcements/view/3567035

2022 - LKL, IMPIANA, YONGTAI, VSOLAR, FAST, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX,

BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

================
Be careful trading high NOSH low price penny stocks

Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants

===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

====================
TAYOR, set realistic target

Posted by bullmarket1628 > 1 month ago | Report Abuse

Walaoeh, What happened ?
Super damn hot man XOXNET today !
Now XOXNET already traded at=> 0.035 (+0.015) (+75%) !

Heng ah, Ong ah, Huat ah !

ID007

449 posts

Posted by ID007 > 1 month ago | Report Abuse

mao con ppl ka?

ID007

449 posts

Posted by ID007 > 1 month ago | Report Abuse

one day show nia

Posted by bullmarket1628 > 1 month ago | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS XOX BHD - PROPOSED ACQUISITION OF SHARES IN THERON HOLDINGS SDN. BHD.
XOX BHD

https://www.bursamalaysia.com/bm/market_information/announcements/comp...

The Board of Directors of XOX Bhd (“XOX” or “the Company”) wishes to announce that XOX (Hong Kong) Limited, (“XOX HK” or “the Purchaser”), a wholly-owned subsidiary of the Company, had on 12 July 2022 entered into a Share Sale Agreement (“SSA/the Agreement”) with Muar Ban Lee Group Berhad (“the Seller”) for the proposed acquisition of 2 ordinary shares (“Sale Shares”) in Theron Holdings Sdn. Bhd. (“Theron”), representing 100% of the total issued and paid up share capital of Theron, for a total a total purchase consideration of RM19,254,590.00 only (“Purchase Consideration”) (“Proposed Acquisition”). 
 
Further details of the Proposed Acquisition are set out in the attachment herein.
 
This announcement is dated 12 July 2022.

Posted by bullmarket1628 > 1 month ago | Report Abuse

PROPOSED ACQUISITION OF SHARES IN THERON HOLDINGS SDN BHD ("THERON") BY XOX (HONG KONG) LIMITED ("XOX HK"), A WHOLLY-OWNED SUBSIDIARY OF XOX BHD ("PROPOSED ACQUISITION")
XOX BHD

https://www.bursamalaysia.com/bm/market_information/announcements/comp...

Query Letter Contents:

We refer to your Company’s announcement dated 12 July 2022, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1) To state the source(s) of funding of XOX HK and/or XOX Bhd, and the breakdown thereof, for redemption of the RHB Facility of RM49,416,000.68 and repayment of Theron’s outstanding debts of RM44,318,000.00. To also reconcile with the disclosure in Section 6 of the announcement dated 12 July 2022.
2) The justification for the purchase consideration of RM19,254,590.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
 
Yours faithfully,
Listing, 
Regulation
Cc : Market Surveillance Dept. , Securities Commission

Date Announced: 15 JUL 2022

Posted by bullmarket1628 > 1 month ago | Report Abuse

XOX's unit to acquire Theron for RM19.25mil
Tuesday, 12 Jul 2022 6:29 PM MY

https://www.thestar.com.my/business/business-news/2022/07/12/xox039s-u...

KUALA LUMPUR: XOX Bhd
has proposed to acquire two ordinary shares in Theron Holdings Sdn Bhd, representing 100% of the total issued and paid-up share capital of Theron for RM19.25mil.
In a filing with Bursa Malaysia, XOX said its wholly-owned subsidiary, XOX (Hong Kong) Limited (XOX HK) had entered into a share sale agreement with Muar Ban Lee Group Bhd
for the proposed acquisition.

Theron is a special purpose vehicle incorporated by Muar Ban Lee for the purpose of acquiring and holding the shares in Symphony Life Bhd
As of the date of this announcement, Theron is holding 98.09 million shares in Symphony, representing 13.7% of the total issued and paid-up share capital of Symphony.

Symphony is principally engaged in the business of property development and property investment.
XOX said its board has deliberated the opportunity and found the proposed acquisition to be synergistic.
“In an effort to streamline XOX’s capital management, the management has deliberated various strategies which include shares buy back and placement of excess cash in high yielding funds.

“The proposed acquisition is part of XOX’s strategy to maximise return on its excess fund, which will ultimately benefit its shareholders,” it said.
In addition, XOX said Symphony is currently trading at the lower end of its range of intrinsic value. Hence there is a potential of immediate capital appreciation for the proposed acquisition in the event of any correction to Symphony’s current depressed share price.

Posted by bullmarket1628 > 1 month ago | Report Abuse

Muar Ban Lee sells unit holding stake in Symphony Life to XOX
July 12, 2022 20:55 pm +0

https://www.theedgemarkets.com/article/muar-ban-lee-sells-unit-holding...

KUALA LUMPUR (July 12): Muar Ban Lee Group Bhd (MBL) is exiting its investment in property firm Symphony Life Bhd, whose share price has fallen 46% since MBL bought into it.
MBL, a specialist in palm oil machinery and oil seed crushing machinery, announced that it is selling its wholly-owned unit, Theron Holdings Sdn Bhd, that owns a 13.7% stake in Symphony Life to XOX Bhd for RM19.25 million cash.
Based on Tuesday's closing share price of 45 sen, the 13.7% stake is worth RM44.14 million. According to MBL's filing with Bursa Malaysia, XOX is obliged to provide "evidence that all outstanding debts owed by Theron to MBL as at the completion date [of the acquisition] have been paid and settled". The outstanding debt amounted to RM46.32 million — advances that MBL has given to Theron for the purchase of Symphony Life shares.

Theron also borrowed RM47.55 million from RHB Bank Bhd to invest in Symphony Life shares via a term loan.
Theron is a special purpose vehicle incorporated for the purpose of acquiring and holding shares in Symphony Life. It accumulated 98.09 million Symphony Life shares from April 2 last year to March 9 this year at a total cost of RM90.26 million, said MBL.
Theron bought a large bulk of its stake in Symphony Life from the company's former executive chairman Tan Sri Mohamed Azman Yahya, who founded the property firm.
MBL noted that the transaction, which it expects to be completed in the third quarter of this year, would result in RM48.89 million disposal gain.
The disposal gain includes the effects from deconsolidation of Theron's net liabilities amounting to RM37.59 million, as well as share of results from Symphony Life for financial years 2021 and 2022.
The proposed disposal allows MBL to deconsolidate a term loan from RHB Bank amounting to RM47.55 million as at end-June, while also recoup advances MBL provided to Theron amounting to RM46.32 million, the group said.
MBL would utilise RM19.25 million proceeds from the disposal mainly for working capital.
In a separate filing, XOX said the acquisition, which will be funded by its internally generated funds, is "synergistic" due to prospects of the property market's recovery this year and potential upside to Symphony Life's share price.
Shares of MBL closed unchanged at 35.5 sen, giving it a market capitalisation of RM88.26 million, while XOX fell 0.5 sen or 25% to 1.5 sen, valuing the company at RM75.76 million.
Symphony Life, meanwhile, closed 0.5 sen or 1.12% higher at 45 sen, with a market capitalisation of RM322.4 million.
S Kanagaraju & Kathy Fong

Posted by bullmarket1628 > 1 month ago | Report Abuse

Walaoeh, XOX bought 13.7% into the main board multinasional company of Property development, property management, investment holding, quarrying, construction company => Symphony Life Berhad for a super discount price of just RM19.25mil only !
Based on Tuesday’s closing price of 45 cents, the 13.7 % stake should worth RM44.14 million.
It means that XOX’s buying price for this 13.7% stake in Symphony is
=> 19.25/44.14*0.45
= 0.195

Wow, dirt cheap, it’s a value buy on a GEM’s stock ! Well done XOX !

Like that next Monday XOXNET definitely will be limit up to closed at => 0.325 (+0.30) (+1,200%)
already liao lah !

Heng ah, Ong ah, Huat ah !

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

NOSH = 1,135,709,139
WB = 431,976,832

High NOSH loss making penny stock
https://www.klsescreener.com/v2/stocks/view/0140/xox-networks-berhad

===============
Company keep losing money
Loss making for 10 years in a row
Directors continue to receive remuneration and payment

===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

====================
TAYOR, set realistic target

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

Be careful trading high NOSH low price penny stocks

Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants

List of penny stocks with shares consolidation:-

2022 - LKL, IMPIANA, YONGTAI, VSOLAR, FAST, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX,

BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

====================
TAYOR, set realistic target

Posted by bullmarket1628 > 3 weeks ago | Report Abuse

XOX BHD
Description: XOX BHD ("XOX" OR "COMPANY")
PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN XOX ("XOX SHARES" OR "SHARES") ("PLACEMENT SHARES"), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT")

https://www.bursamalaysia.com/market_information/announcements/company...

On behalf of the Board of Directors of XOX (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the Proposed Private Placement.

Further details of the Proposed Private Placement are set out in the announcement attached herein.

This announcement is dated 26 July 2022.

Posted by bullmarket1628 > 3 weeks ago | Report Abuse

XOX proposes RM9.95 mil private placement to develop digital media management app
Izzul Ikram
/theedgemarkets.com
July 26, 2022 18:42 pm +08

https://www.theedgemarkets.com/article/xox-proposes-rm995-mil-private-...

KUALA LUMPUR (July 26): ACE Market-listed XOX Bhd plans to undertake a private placement exercise to raise RM9.95 million to develop a digital media management application.
In a filing on Tuesday (July 26), the mobile services provider noted that while it obtained shareholders’ approval to issue up to 717.31 million shares — or 10% of its issued share capital — it has opted to only issue up to 552.86 million shares for the placement exercise.
At an illustrative price of 1.8 sen apiece, which represents a discount of approximately 6.25% to the five-day volume-weighted average market price (VWAP) of XOX shares up to and including July 25, 2022 (LPD), the group expects to raise up to RM9.95 million from the placement exercise……

Posted by bullmarket1628 > 3 weeks ago | Report Abuse

Oh my goodness !
Superb good news from XOX !

XOX ventures into digital media management app !


Like that today XOXNET going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !
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