Posted by Citadel12 > 2022-06-14 15:28 |

Post removed.Why?

Posted by M55555 > 2022-06-14 16:37 | Report Abuse

Who is holding since 2014 ? Right issue, consolidate , Right issue , Right issue.. Ada Dividend ? Looking like only help paying the directors salaries.

Posted by pineapple123 > 2022-06-14 19:06 | Report Abuse

how will fintec be RM5 i wonder.

Posted by Musang King > 2022-06-15 12:47 | Report Abuse

Those days in 1996, all shares listed were either RM1.00 or 50sen a share. Later, many counters changed their par value denominations to 20 sen or 10 sen a share. Now. After 2016, all share capital no longer needed to follow the par value and it is now following no par value paid up share capital like the American counterpart. However, there are still many old and conservative companies still using the par value of RM1-00, 50 sen , 20 or 10 sen a share. So, with the new ruling by our authorities, companies now are open and need no par value to follow which are confusing and misleading. We no longer can go back to strike RM5-00 a share like in those days in pre-1997 era. Those were the days. They are over.

Posted by Musang King > 2022-06-15 12:52 | Report Abuse

Unless, all companies go back to share consolidation rather than share splitting practices. Now, you all should roughly understand why there are so many of penny stock shares nowadays.

Posted by Citadel12 > 2022-06-15 13:01 |

Post removed.Why?

Posted by Musang King > 2022-06-15 15:17 | Report Abuse

I strongly believe one day, Fintec shares can go up back to 10 sen or more a share if there is a Market Rally in the future. Remember, in 2020-2021, our Fintec NTA reached above 70-80 sen a share. It happened in 2020, but it fell to 5 sen now all because Fintec follows the current fair value market valuation method under the Malaysian Financial Reporting Standard 13 Fair Value Measurement (MFRS 13) as required by the Malaysian Accounting Board Standards rather than using the old Historical Cost or Net Tangible Assets (NTA) method to do their Accounting Reports.

Posted by Musang King > 2022-06-15 15:28 | Report Abuse

As I observe, I opine Fintec share prices are at the lowest now and there shall be no more going down to the last price of 0.5 sen ( minimum price to transact in the Market ) unless there is again another round of panic selling due to another stock market crash or forced selling. Buying Fintec now at 1 sen is the safest bet and I shall be glad to buy in more if I am still capable and the bidding price of 1 sen is still available . Happy Trading and Good Luck to everyone here. Golden Opportunity like this only comes once in a Blue Moon.

Posted by Jimmy888 > 2022-06-15 19:00 | Report Abuse

Good luck MusangKing you need plenty of it. Hope you don't lose 99.9 %. Please buy more and more. 100 consolidation to 1

Posted by Good123 > 2022-06-15 21:40 | Report Abuse

sell/dispose off some companies at huge profit to prove your investment in those companies are worthy...not only buy and sell erratically from time to time, willing? haha

Posted by Good123 > 2022-06-15 21:44 | Report Abuse

tell all your invested companies to comply with corporate governance and financial reporting and declare all related party transactions... otherwise, semua external auditor cabut satu per satu... takut diaudit oleh AOB of SC dan lesen audit digantung dan kena denda hahaha

Posted by Good123 > 2022-06-16 08:52 | Report Abuse

Strengthen financial reporting & corporate governance plus declaring related party transactions :) cheng & co dah kena, which auditor will be next haha

KUALA LUMPUR (Aug 19): Messrs Chengco PLT (formerly known as Cheng & Co) and its partners have been barred by the Securities Commission Malaysia’s (SC) Audit Oversight Board (AOB) from accepting public interest entities (PIEs) or schedule funds as clients and from auditing their financial statements for 12 months.

This followed the dismissal of Hong, Liew and Yap's appeal against the AOB’s decisions to prohibit the firm, Hong and Liew on Aug 6.

In a statement today, the AOB said the firm and its partners concerned were found to have multiple instances of non-compliance with the international auditing standards, which were discovered in two inspections conducted by the AOB in 2016 and 2018 respectively.

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The AOB also noted that the firm had failed to remedy a recurring finding identified in the first inspection.

"As a result, the firm and the partners, Hong Thuan Boon and Liew Kwai Choy, were prohibited from accepting PIEs or schedule funds as clients and auditing their financial statements for 12 months," it added.

Hong and Liew were engagement partner and engagement quality control reviewer respectively, for the audit.

The firm was also fined RM175,000, while Hong was fined RM57,000.

Another of the firm’s partner, Yap Peng Boon, was also fined RM44,000 for non-compliance of audit procedures.

Chengco’s listed clients include Smile-Link Healthcare Global Bhd, Kawan Food Bhd, PNE PCB Bhd, YGL Convergence Bhd and M3 Technologies (Asia) Bhd.

Posted by M55555 > 2022-06-16 11:12 | Report Abuse

Relax la.. Itu Kilang Glove Fintec belakang AT Glove is in mid of construction. Cakap siap February 2022.. but as expected...dreaming only.. 2 new Glove players having fun back and back. Jiran

Posted by Jimmy888 > 2022-06-16 12:22 | Report Abuse

MusangKing buy more it's once in a lifetime. Don't miss the opportunity. Go go go

Posted by M55555 > 2022-06-16 12:30 | Report Abuse

Buying Fintec, you indirectly also owning AT, DGB, Focus, Mlab, Netx and Vsolar. Apa macam , look good ? Only RM0.01 , cheapest among all the above.

Posted by Musang King > 2022-06-16 15:17 | Report Abuse

TQ Jimmy888 and M55555.

Posted by Good123 > 2022-06-16 16:56 | Report Abuse

Fintec , ada akaun begini tak? Hahahaha

https://www.thestar.com.my/news/nation/2022/06/16/ahmad-zahid-referred...

Posted by Jimmy888 > 2022-06-16 17:50 | Report Abuse

MusangKing you buy 51% of Fintec you can change any directors. You become CEO.

Posted by M55555 > 2022-06-16 22:39 | Report Abuse

10% = about 600million share . If you can gather 50 holders. It would be like someone who held over 12million share each (means he /she probably had invested over close to RM500K here . Or 500 holders (means he/she probably had invested over RM50K here . I guess if you really need to get all ikan bilis to gather , you are probably looking for 5000 ikan bilis holders ?

Posted by Musang King > 2022-06-16 22:56 | Report Abuse

True, M55555. Looks like its difficult to gather so many ikan bilis together taking consideration that Fintec paid up NOSH is so huge. I agree with you.

Posted by Good123 > 2022-06-17 09:02 | Report Abuse

Fintec is just an investment holdings co. Used shareholders' money to invest in mlabs, etc.

Wait n see any divestment of investee companies to conglomerate for gain first.

Otherwise, fintec, semua pengarah buta atau kepentingan peribadi wakaka

Posted by Good123 > 2022-06-17 09:03 | Report Abuse

Fintec with huge accumulated loss. Pasti tiada dividen kecuali laksanakan capital reduction

Posted by Good123 > 2022-06-17 09:05 | Report Abuse

Fintec akan melakukan konsol syer macam mlabs, Pasukhas.

Lebih selamat beli mlabs , pasukhas drp fintec haha

Posted by Good123 > 2022-06-17 09:24 | Report Abuse

Tak tahu nanti fintec jadi macam caely tak :)


KUALA LUMPUR (June 16): The board of directors of Caely Holdings Bhd said several directors and shareholders have helped fund interest-free loans to the company to pay for the staff's salaries and suppliers.

This comes after the Perak-based lingerie maker's bank accounts were frozen by the Malaysian Anti-Corruption Commission (MACC) in April.

Caely chairman Datuk Loh Ming Choon said since then, the group has been facing insufficient cash flow.

"The loans from the directors and shareholders are based on the current needs of the day-to-day operations and they will be reimbursed the money accordingly.

"The first package given by the directors and shareholders was about RM600,00 to RM700,000 to cover the salaries of factory workers and other staff," Loh said during a media briefing on Thursday (June 16).

Loh said the group's founder, Datin Fong Nyok Yoon, had lodged a report to the MACC over the wrongdoings conducted by a former director, which subsequently led to the freezing order by the MACC.

He stressed that the investigation and freezing of bank accounts are not related to any misconduct of the current board of directors.

Following the freezing of bank accounts in April, there has been an ongoing forensic audit probe into allegations of suspicious and irregular transactions.

Caely had appointed independent forensic auditor, Virdos Lima Consultancy (M) Sdn Bhd, to investigate allegations of suspicious and irregular transactions of its wholly owned subsidiary, Caely (M) Sdn Bhd, which is involved in property development, construction, sales and trading of undergarments, garments, and personal protective equipment.

However, on June 13 the group said Virdos Lima Consultancy could not continue with the forensic audit as critical information was not available.

When asked about the status of the investigation, Loh did not elaborate but highlighted that the investigation is still ongoing and the group will collaborate with the auditor to provide necessary information.

Shares in Caely finished 3.5 sen or 8.24% lower at 39 sen on Thursday, giving it a market capitalisation of RM100.71 million.

Read also:
Caely lodges police report against EGM requisitionists, stresses nine directors remain on board

Posted by Good123 > 2022-06-17 09:29 | Report Abuse

Firma audit mungkin tak berani jadi auditor bagi fintec takut lesen audit digantung selepas diaudit oleh AOB, unit SC untuk mengaudit firma audit wakaka


KUALA LUMPUR: PJBumi Bhd has received a notice in writing from Messrs Afrizan Tarmili Khairul Azhar PLT on their resignation as external auditors of the company.

In a filing with Bursa Malaysia, the engineering and construction services provider said the auditors were re-appointed at the last annual general meeting (AGM) of the company held on Dec 17, 2021 to hold office until the conclusion of the next AGM of the company.

“The auditors had tendered their resignation because the Audit Oversight Board (AOB) had notified the auditors that they are prohibited to perform audit of public interest entities for 12 months commencing from Dec 10, 2021,” PJBumi said.

PJBumi is in the midst of identifying the new auditors to be appointed pursuant to Section 271(2)(b) of the Companies Act 2016.

Posted by Good123 > 2022-06-17 09:37 | Report Abuse

Cabut pulak. Kenyang dah? :)

Change in Nomination Committee
FINTEC GLOBAL BERHAD

Type of Board Committee Nomination Committee
Date of change 12 Jan 2022
Salutation YM
Name TENGKU AHMAD BADLI SHAH BIN RAJA HUSSIN
Age 52
Gender Male
Nationality Malaysia
Type of change Resignation
Designation Member of Nomination Committee
Directorate Independent and Non Executive
Composition of Nomination Committee(Name and Directorate of members after change) The composition of the Nomination Committee is as follows:-

Chairman:
1. Mr Chu Chee Peng (Independent Non-Executive Director)

Member:
1. Mr Ong Tee Kein (Independent Non-Executive Director)


Announcement Info
Company Name FINTEC GLOBAL BERHAD
Stock Name FINTEC
Date Announced 12 Jan 2022
Category Change in Nomination Committee
Reference Number C08-12012022-00014

Posted by Good123 > 2022-06-17 09:40 | Report Abuse

Auditor, cheng&co - lesen audit pernah digantung tahun 2019 haha

AUDIT COMMITTEE
Ong Tee Kein
Chairman
YM Tengku Ahmad Badli Shah
Bin Raja Hussin
Chu Chee Peng
REMUNERATION COMMITTEE
Chu Chee Peng
Chairman
Ong Tee Kein
YM Tengku Ahmad Badli Shah
Bin Raja Hussin
NOMINATION COMMITTEE
Chu Chee Peng
Chairman
Ong Tee Kein
YM Tengku Ahmad Badli Shah
Bin Raja Hussin
OPTION COMMITTEE
Tan Sik Eek
Chairman
Ong Tee Kein
Chu Chee Peng
REGISTERED OFFICE
10th Floor, Menara Hap Seng
No. 1 & 3, Jalan P. Ramlee
50250 Kuala Lumpur
Tel No. : +603-2382 4288
Fax No. : +603-2382 4170
PRINCIPAL PLACE OF BUSINESS
Factory
68, Jalan Waja 2
Taman Industri Waja
09000 Kulim, Kedah
Tel No. : +604-402 6350
Fax No. : +604-489 3833
Corporate Office
Lot 13.1, Level 13, Menara Lien Hoe
No. 8, Persiaran Tropicana
Tropicana Golf & Country Resort
47410 Petaling Jaya
Selangor Darul Ehsan
Tel No. : +03 - 7622 6988
Fax No. : +03 - 7622 6989
Email : mail@fintec.global
COMPANY SECRETARY
Ng Sally
(MAICSA 7060343/PC No. 202008002702)
AUDITORS
ChengCo PLT
[201806002622 (LLP0017004-LCA) &
AF 0886]
Wisma Cheng & Co
No. 8-2 & 10-2, Jalan 2/114
Kuchai Business Centre
Off Jalan Klang Lama
58200 Kuala Lumpur
Tel No. : +603-7984 8988
Fax No. : +603-7984 4402
SHARE REGISTRAR
Tricor Investor &
Issuing House Services Sdn. Bhd.
Unit 32-01, Level 32, Tower A
Vertical Business Suite, Avenue 3
Bangsar South, No. 8, Jalan Kerinchi
59200 Kuala Lumpur
Tel No. : +603-2783 9299
Fax No. : +603-2783 9222
PRINCIPAL BANKER
CIMB Bank Berhad
LISTING STATUS
ACE Market of Bursa Malaysia
Securities Berhad
Sector : Financial Services
Sub-sector : Other Financials
WEBSITE
http://www.fintec.global/

Posted by Good123 > 2022-06-17 09:43 | Report Abuse

Analysis of Shareholdings
As at 4 October 2021
cont’d
List of Top 30 Shareholders
Name
No. of
shares held
Percentage
(%)
1 Choi Khai Chean 101,000,000 1.930
2 Affin Hwang Nominees (Asing) Sdn. Bhd.
Exempt An for Sanston Financial Group Limited (Account Client)
69,838,200 1.335
3 Chin Kiam Hsung 31,800,000 0.607
4 Eng Hong Palm Oil Mill Sdn. Berhad 30,000,000 0.573
5 Jason Ching Chou-Yi 30,000,000 0.573
6 Public Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Kho Chong Yau (E-TSA)
27,500,000 0.525
7 Ong Kim Leng 27,329,700 0.522
8 UOB Kay Hian Nominees (Asing) Sdn. Bhd.
Exempt An for UOB Kay Hian Pte Ltd ( A/C Clients )
26,876,500 0.513
9 TA Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Ong Eng Taik
25,000,000 0.477
10 Chin Kian Fong 23,600,000 0.451
11 Geoffrey Lim Fung Keong 22,000,000 0.420
12 Public Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Lim Chung Toung (E-KKU)
22,000,000 0.420
13 CGS-CIMB Nominees (Asing) Sdn. Bhd.
Exempt An for CGS-CIMB Securities (Singapore) Pte. Ltd. (Retail Clients)
21,380,200 0.408
14 Ooi Ee How 21,300,000 0.407
15 Gan Siong Pieu 21,000,000 0.401
16 Amsec Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Quek See Kui
20,395,800 0.389
17 Maybank Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Teo Ker-Wei
20,000,000 0.382
18. AllianceGroup Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Lim Chung Toung (8036111)
19,000,000 0.363
19 Maybank Nominees (Tempatan) Sdn. Bhd.
Lim Kah Eng
17,393,200 0.332
20 Kenanga Nominees (Tempatan) Sdn. Bhd.
Rakuten Trade Sdn. Bhd. for Lim Mui Hui
16,600,000 0.317
21 Lim Wee Yang 15,171,000 0.290
22 Boey Tze Nin 15,166,800 0.289
23 Kenanga Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Chin Kiam Hsung
15,100,000 0.288
24 Chin Wah Yin 15,000,000 0.286
25 Bo Eng Chee 13,500,000 0.258
26 Kenanga Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Chin Kian Fong
13,300,000 0.254
27 Teo Ah Seng 13,098,900 0.250
28 Chan Kim Gek 13,011,900 0.248
29 CGS-CIMB Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Tee Geok Poh (MY2016)
12,900,000 0.246
30 M & A Nominee (Tempatan) Sdn. Bhd.
Exempt An for Sanston Financial Group Limited (Account Client)
12,500,000 0.238
TOTAL 732,762,200 13.992

Posted by Good123 > 2022-06-17 09:49 | Report Abuse

Ingat :)



We refer to the earlier announcement in relation to the EPCA dated 28 June 2021 (“Announcement”).



The Board of Directors of FINTEC wishes to announce the following additional information:



1. The sources of fund of the RM46,198,007.38 Contract Sum to be paid by Fintec Glove to Pasukhas, and the breakdown thereof.



The Contract Sum will be funded by way of a mixture of funds (mainly derived from the proceeds raised from the issuance of rights issue with warrants which was completed on 28 December 2020 and has raised approximately RM114 million) and bank borrowings to be secured by Fintec Glove or the Company, of which the exact breakdown is yet to be determined at this juncture. The exact breakdown will be determined later and will depend on amongst others, the Company and its subsidiaries (“Group”)’s cash reserves, gearing level and future funding requirements for the Proposed Development.



2. The relevant authorities’ approval required to be obtained for the Proposed Development and estimated time frame for submission of such applications.



The relevant authorities’ approval required to be obtained for the Proposed Development and estimated time frame for submission of its applications are set out below:



Relevant authorities’ approval



Estimated time frame for application submission

1. Kebenaran Merancang (‘Planning Approval’)

Not applicable as it was obtained on 28 April 2021

2. Fire and Rescue Department Approval

Not applicable as it was obtained on 29 March 2021

3. Lembaga Air Perak Approval

End July 2021

4. Building Approval

Middle July 2021

5. Indah Water Konsortium Berhad Approval

Not applicable as it was obtained on 21 April 2021



3. The expected date of commencement of operations of the glove manufacturing factory (“Factory”) for the 1st production batch of nitrile gloves.



The expected date of commencement of operations of the Factory for 1st production batch of nitrile gloves is in the first quarter of year 2022.



4. The production capacity and production output of the Factory.



The annual production capacity is 3.3 billion upon commencement of the operation for the entire 14-dipping lines. The production output of the Factory is unable to be determined at this juncture as Fintec Glove will commence the operation of the dipping lines in stages due to the fluctuating cost of the machineries.



5. The relevant regulatory approvals, permits and/or licenses required to be obtained by Fintec Glove in connection with the manufacturing of the medical-grade nitrile gloves. To state whether Fintec Glove has obtained any of these regulatory approvals, permits and/or licences, including the dates obtained. If not obtained, the relevant dates of application.



The relevant regulatory approvals, permits and/or licences required to be obtained by Fintec Glove in connection with the manufacturing of the medical-grade nitrile gloves are set out below:



Relevant authorities’ approval



Target / actual date of application submission

1. Manufacturing License to be issued by Malaysian Investment Development Authority (MIDA)



21 January 2021



2. Business Premise License to be issued by Majlis Bandaraya Ipoh



Early March 2022

Posted by Musang King > 2022-06-17 16:13 | Report Abuse

The glove factory is yet to begin eventhough when the covid19 started, the market was full of blessings and enthusiasm that such a glove manufacturing plant is very timely and profitable. But due to Chinese quicker swinging action in establishing these kinds of glove manufacturing to enter and compete in the world supply, even Top Glove, Supermax, etc were caught by surprise with their pants down. Chinese saying " Our Destinity somehow are all destined by God above, no matter how best we can calculate, we cannot beat the destiny of the God Above". So, we are lucky we only built the factory for future use or future development. God bless. Not much is lost as at now as time flies, schedule of production is not accomplished. We should wait and see how things go. Building that Chemor factory for future use may be timely for other uses other than glove manufacturing processes. Not all are wasted yet. Be patience. Time will tell.

Maybe, AT our sister company also suffers the same fate as the above. They may continue or may change their original plan to do other things as time goes. Industrialisation never stop and maybe Fintec may sell our factory away to AT for better use since AT is also in the field of Engineering and OEM parts Manufacturing. My opinion only.

Posted by Good123 > 2022-06-17 16:47 | Report Abuse

AC mestilah bebas dan berilmu.... kini macam tak berfungsi haha

The case for change
Independence is the cornerstone of a well-functioning audit committee. The
ability of its members to exercise their judgment in an informed and impartial
manner is important to the fulfilment of the audit committee’s mandate,
especially in overseeing the areas of financial reporting, related party
transactions and conflicts of interests, internal control environment, internal
audit and external audit process.
It should be noted that the core functions of audit committees set out in many,
if not all global authoritative governance documents are expressed in terms of
“evaluation”, “assessment” or “review” of the aforementioned areas. The
undertaking of such responsibilities would naturally necessitate audit committee
members to critically and objectively apply a probing view on pertinent matters,
particularly in areas which involve a high degree of judgment. In many instances,
audit committee members are expected to take tough, constructive or even
unpopular stances, all of which calls for independence in “thought and
action”.
As a former Senator of the United States, Howard Metzenbaum puts it, “audit
committees that lack independence frequently have a fealty to the management
that an audit committee shouldn’t have”1. To coin it differently, audit
committees should not be having a "debt" to the management which is then
"repaid" when a tough issue (e.g. financial reporting issue) arises.
Recognising that objectivity is essential to the proper functioning of the audit
committee, regulators have outlined provisions on the composition of the audit
committee with due regard to the element of independence.

Posted by Good123 > 2022-06-17 16:47 | Report Abuse

What could go
wrong:
• External and internal
auditors are unable to
perform their functions
in an independent
manner due a lack of
support from the audit
committee.
• Failure of audit
committee members to
get to the root of
pertinent issues that
are impacting the
company.

Posted by Good123 > 2022-06-17 16:50 | Report Abuse

segalanya rosak kat fintec kan? :)

There is an effective and independent audit committee.
The board is able to objectively review the audit committee’s findings and
recommendations. The company’s financial statement is a reliable source of
information.

Posted by Good123 > 2022-06-17 17:07 | Report Abuse

tunggu new govt ambil tindakan ... kerajaan semasa tak ambil tindakan.. mungkin ada sebab2 khas hahaha

Posted by Good123 > 2022-06-17 17:27 | Report Abuse

fintec ada masalah ini kan? :)

What could go
wrong:
• Financial statements do
not serve as a reliable
source of information.
• Transactions carried
out are detrimental to
the interests of the
company

Posted by Good123 > 2022-06-17 18:01 | Report Abuse

Gang main syer-- buatlah real biz. Sudahlah dengan skim esos dan spekulasi syer dengan gila .. tak sustainable.. kantoi..

Focus on real biz. Otherwise senasib dengan caely. Takda orang mau bersama gengmu :)

https://www.freemalaysiatoday.com/category/bahasa/tempatan/2022/06/17/saya-tak-pernah-setuju-sertai-caely-holdings-kata-jovian-mandagie/

Posted by Musang King > 2022-06-17 18:29 | Report Abuse

https://focusmalaysia.my/a-misunderstood-stock-fintec-global-clears-the-air-about-its-very-existence/

MISUNDERSTOOD STOCK - FINTEC GLOBAL BERHAD.

Posted by Musang King > 2022-06-17 18:49 | Report Abuse

THE MALAYSIAN RESERVES WROTE :

Fintec Global first caught the public eye when it became a substantial shareholder in Seacera Group Bhd after acquiring 38.8 million shares or an 8.09% stake in the latter for RM18.59 million in November last year.

For the financial year ended March 31, 2020 (FY20), the group posted RM226.69 million net profit compared to RM40.02 million net loss in the previous year.

Its annual revenue rose 32.94% year-on-year to RM20.42 million, from RM15.36 million in FY19.

The increase of profit was mainly due to mark-to-market gain in the group’s long-term marketable securities, Fintec Global noted in its exchange filings.

The group added that its investment in marketable securities increased by RM287.08 million or 2.9 times to RM385.09 million as at FY20, against RM98.01 million in FY19, which was mainly due to fair value gain on quoted securities.

In addition to the existing investment portfolio in solar energy, engineering, food and beverage, financial and information technology, property investment holdings, manufacturing of ceramic tiles and property development, the group is seeking opportunities to invest into healthcare equipment manufacturing and/or trading business.

“The group intends to focus on the personal protective equipment (PPE) segment in view of the increase of global demand in PPE since the outbreak of Covid-19.

“The group intends to take advantage of this opportunity to tap into a growing segment to maximise shareholders’ return,” Fintec Global stated in its recent annual report.

As such, it is still actively examining several potential investments and incubation projects, and will be making disclosures in due course.

Fintec Global’s board of directors comprise independent non-executive chairman Datuk Seri Abdul Azim Mohd Zabidi, independent non-ED Ong Tee Kein, non-independent ED Leung Kok Keung, non-independent non-ED Tengku Ahmad Badli Shah Raja Hussin, senior independent non-ED Chu Chee Peng and non-independent ED Tan Sik Eek.

Abdul Azim, Tee Kein, Tengku Ahmad Badli Shah and Chu do not own big blocks of shares in Fintec Global.

However, Tengku Ahmad Badli Shah represents Pelaburan Mara Bhd which holds about 2.26 million direct shares in the investment group.

Posted by Musang King > 2022-06-17 19:00 | Report Abuse

Dato Seri Abdul Azim, Tee Kein, Tengku Ahmad Badli Shah and Chu do not own big blocks of shares in Fintec Global. A check on their backgrounds and Bio-Data found they are all Professionals, well qualified and experienced in public listed companies and its management. The only worry we have is that they do not own any shares in FINTEC which is very uneasy to the Fintec Community and Shareholders. Fintec shares are now traded at the lowest of 1-0 sen. If they do not buy now, when do they want to have shares in the company. They must put their Trust to the Companies they are looking after by buying some shares and become a small shareholder at least to bring some confidence back to us as Minority Shareholders.

Posted by Good123 > 2022-06-17 22:01 | Report Abuse

better do real biz ... Otherwise, another caely lah..

Main syer , not sustainable ... Jangka pendek , ramai terperangkap... Sure hancur jika berterusan :)

https://www.freemalaysiatoday.com/category/bahasa/tempatan/2022/06/17/...

Posted by Jimmy888 > 2022-06-20 08:47 | Report Abuse

Lkl 10 into 1 then rights issues. When is Fintec'a turn? MusangKing buy more please.

Posted by BILLC > 2022-06-20 16:00 | Report Abuse

Jialat,,,you prayed for conmen not to con you,,,,

What a wonderful world,,,hahaha,,,

Posted by alan123 > 2022-06-20 22:02 | Report Abuse

Hi, God of Gambler MusangKing, please continue buy and support Fintec shares price. Don't talk only ya. You been promoting Fintec all the way down to 0.010. One day your prayer will be answered if you sincere.

Musang King

Sad. Very Sad. Just looking at the None of the Directors owning any share in Fintec, sounded this RED ALERT. I pray Fintec Directors are diligent and honest in their works. Not owning a single share should disqualify them from holding any directorship position. We should make them to own some shares in the company as prerequisite to hold on to their Directorship. I also pray that SC should make this prerequisite a compulsory requirement. At least, they must feel how the shareholders feel.

Posted by alan123 > 2022-06-20 22:04 | Report Abuse

Halo MusangKing, please stop digging old post and post it as if new article. I hope you not trying to mislead the public hear posting old news.

THE MALAYSIAN RESERVES WROTE :

Fintec Global first caught the public eye when it became a substantial shareholder in Seacera Group Bhd after acquiring 38.8 million shares or an 8.09% stake in the latter for RM18.59 million in November last year.

For the financial year ended March 31, 2020 (FY20), the group posted RM226.69 million net profit compared to RM40.02 million net loss in the previous year.

Its annual revenue rose 32.94% year-on-year to RM20.42 million, from RM15.36 million in FY19.

The increase of profit was mainly due to mark-to-market gain in the group’s long-term marketable securities, Fintec Global noted in its exchange filings.

The group added that its investment in marketable securities increased by RM287.08 million or 2.9 times to RM385.09 million as at FY20, against RM98.01 million in FY19, which was mainly due to fair value gain on quoted securities.

In addition to the existing investment portfolio in solar energy, engineering, food and beverage, financial and information technology, property investment holdings, manufacturing of ceramic tiles and property development, the group is seeking opportunities to invest into healthcare equipment manufacturing and/or trading business.

“The group intends to focus on the personal protective equipment (PPE) segment in view of the increase of global demand in PPE since the outbreak of Covid-19.

“The group intends to take advantage of this opportunity to tap into a growing segment to maximise shareholders’ return,” Fintec Global stated in its recent annual report.

As such, it is still actively examining several potential investments and incubation projects, and will be making disclosures in due course.

Fintec Global’s board of directors comprise independent non-executive chairman Datuk Seri Abdul Azim Mohd Zabidi, independent non-ED Ong Tee Kein, non-independent ED Leung Kok Keung, non-independent non-ED Tengku Ahmad Badli Shah Raja Hussin, senior independent non-ED Chu Chee Peng and non-independent ED Tan Sik Eek.

Abdul Azim, Tee Kein, Tengku Ahmad Badli Shah and Chu do not own big blocks of shares in Fintec Global.

However, Tengku Ahmad Badli Shah represents Pelaburan Mara Bhd which holds about 2.26 million direct shares in the investment group.

Posted by alan123 > 2022-06-20 22:08 | Report Abuse

Bad news is is coincidence. nicely put. Continue to mask all the bad news and treat it as good news ya.
I dont know why you keep calling Fintec IR here? This is just a forum and you expect to get those ppl here to answer you? Might as well you go to your Menara Lien Hoe and seek for answer. Are you alright?

Musang King

Regarding the Resignations of Fintec Chairman and Fintec Auditors, they were just coincidences things happened in a different ways, just like the Glove Making decision. I should invite the IR manager of Fintec to explain here. The true facts and factors should be made know to satisfy our questions and inquiries. IR of Fintec. Please answer. I know the answers but IR is the better person to explain. Thanks.

Posted by Good123 > 2022-06-21 08:36 | Report Abuse

Tolong deal with Hidden hand syndicate :)

SC must address the elephant in RAM Holding’s room
FMT Business -June 21, 2022 8:30 AM

Posted by whistlebower99 > 2022-06-21 11:18 | 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 Good123 > 2022-06-21 16:28 | Report Abuse

tunggu kerajaan baru untuk menyapu bersih geng tangan ghaib nanti hahaha

Posted by Good123 > 2022-06-22 08:43 | Report Abuse

Tangkap geng tangan ghaib , wakaka

Liew Chee Yoong of the Center for Market Education said poor performance would continue, from a combination of the ringgit’s depreciation, scandals in corporate governance, and weak legal enforcement in the capital markets.

Posted by CUTLOST > 2022-06-24 12:23 | Report Abuse

Ayoyo 1cents already..brapa mau turun lg