1."Fintec Global Bhd has dispelled the notion that it is shuffling assets within the group" meaning "Not intergroup buying/selling (goreng)".
2."Fintec only owns stakes in these companies which does not entitle Fintec to exercise control over the management and affairs of these companies." meaning "No daily interference/running companies businesses".
3."Since the trading of marketable securities is part of the company's ordinary course of business" meaning "buying others Penny Stocks is the norm."
4."The funds arising from these exercises are at all times secured and placed with licensed and regulated financial institutions" meaning "funds raised are for the intended purpose only".
I am investing based on the above understanding and the price drop to 1sen is part of investment risk. This is NOT a Buy, Sell or Hold recommendation..
The last two years have seen a lot of Stocks have turned into Penny Stocks. Come 1st April, 2022, hopefully no more nightmare of PP, ESOS, Consolidation and downturn to become Penny Stock again.
looking at KANGER's pathetic 10:1 share consolidation performance, l don't think Fintec is likely to go for share consolidation. Private placement and ESOS would raise less money le. you think management is dump meh!hehehe
Details of corporate proposal Employees' Share Option Scheme No. of shares issued under this corporate proposal 20,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0100 Latest issued share capital after the above corporate proposal in the following Units 5,922,797,474 Listing Date 15 Apr 2022 https://www.klsescreener.com/v2/announcements/view/3533431
============== Non stop fund raising by directors via share issuance to ESOS and PP at ridiculously low price !!!
=============== Be careful trading loss making penny stocks that has huge NOSH (BILLION SHARES) Directors have power to propose shares consolidation and raise more fund via rights issue with free warrants
Some stocks that had consolidated are pasukgb, pdz, lambo, trive, kanger, sanichi, pworth, etc Those in the process are Ages, Mtronic, Digistar and Vsolar
================= Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
PRESS RELEASE For Immediate Release ROBAYU CORPORATION SP. Z O.O. CEASES COOPERATION WITH FINTEC GLOVE SDN BHD FOR THE DISTRIBUTION OF MEDICAL GRADE NITRILE EXAMINATION GLOVES INTO EUROPE. Warsaw, Poland 15 April 2022 – Robayu Corporation sp. z o.o. (“Robayu”) wishes to announce that the company decided to cease cooperation with Fintec Glove Sdn. Bhd. (“Fintec Glove”), a wholly-owned subsidiary of Fintec Global Berhad (“Fintec) for the distribution of medical grade nitrile examination gloves into Europe due to unforeseen circumstances. Robayu looks forward to working with Fintec when conditions permit.
PRESS RELEASE For Immediate Release ROBAYU CORPORATION SP. Z O.O. CEASES COOPERATION WITH FINTEC GLOVE SDN BHD FOR THE DISTRIBUTION OF MEDICAL GRADE NITRILE EXAMINATION GLOVES INTO EUROPE. Warsaw, Poland 15 April 2022 – Robayu Corporation sp. z o.o. (“Robayu”) wishes to announce that the company decided to cease cooperation with Fintec Glove Sdn. Bhd. (“Fintec Glove”), a wholly-owned subsidiary of Fintec Global Berhad (“Fintec) for the distribution of medical grade nitrile examination gloves into Europe due to unforeseen circumstances. Robayu looks forward to working with Fintec when conditions permit.
Keep on doing ESOS & dumped it for company's directors income & expenditure? I know that's legal in IPO Bursa; and there is very sickening! Cheating your investors hard earn money and KARMA will come to you. Soon or Later..
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....
BLee
718 posts
Posted by BLee > 2022-03-10 14:10 | Report Abuse
@JJPTR: https://www.theedgemarkets.com/article/special-report-hidden-hands-beh...
BLee: Hi bro @JJPTR, in case you have forgotten you have posted earlier, something for you to refresh..
Note: As both of us might have different understanding of the replies, let me explain from my view point.
Link: https://www.theedgemarkets.com/article/fintec-we-are-not-business-shuffling-assets
1."Fintec Global Bhd has dispelled the notion that it is shuffling assets within the group" meaning "Not intergroup buying/selling (goreng)".
2."Fintec only owns stakes in these companies which does not entitle Fintec to exercise control over the management and affairs of these companies." meaning "No daily interference/running companies businesses".
3."Since the trading of marketable securities is part of the company's ordinary course of business" meaning "buying others Penny Stocks is the norm."
4."The funds arising from these exercises are at all times secured and placed with licensed and regulated financial institutions" meaning "funds raised are for the intended purpose only".
I am investing based on the above understanding and the price drop to 1sen is part of investment risk. This is NOT a Buy, Sell or Hold recommendation..
Happy Trading and TradeAtYourOwnRisk.