KUALA LUMPUR (March 27): The Securities Commission Malaysia (SC) has imposed 118 administrative sanctions for various misconducts and breaches of securities laws in 2022.
These included violations of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities, knowingly providing false or misleading information to Bursa Malaysia, violations of the take-overs and mergers provisions, and late submissions of documents under the Lodge and Launch Framework.
According to the SC's Annual Report 2022, sanctions imposed on parties found to have violated the regulations included reprimands, licence revocation, licence suspension, imposition of penalties and directives, and requirements to make restitution.
A total of RM12 million in penalties were imposed against some parties for their misconduct, the SC said in the annual report released on Monday (March 27).
Apart from administrative actions under its statutory powers, the SC also issued 76 infringement notices in 2022. The nature of cases ranged from corporate misconduct (22%), to insider trading (31%), securities fraud (14%), market manipulation (5%), unlicensed activities (11%), and money laundering (17%).
Infringement notices are issued where breaches of securities laws or guidelines detected do not warrant the initiation of a formal enforcement action or the imposition of an administrative action.
As of Dec 31, 2022, there were a total of 49 active investigations conducted by the SC involving securities fraud and corporate misconduct.
For more SC 2022 Annual Report stories, click here.
Akhirnya juga cabut... Takut disiasat tiada free lunch dengan geng tangan ghaib... Dia makan cili dia rasa pedas
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0153 OVERSEA OVERSEA ENTERPRISE BERHAD Change in Boardroom Date of Change: 31/03/2023 Type of Change: Resignation Designation: Director Directorate: Exec Name: KHONG YIK KAM Age: 74 Country: Nationality: Malaysia Qualifications: Working Experience and Occupation: Directorship of public companies (if any): Family relationship with any director and/or major shareholder of the listed issuer: Details of any interest in the securities of the listed issuer or its subsidiaries: Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
Hidden agenda lagi? NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR "COMPANY") RIGHTS ISSUE WITH WARRANTS OVERSEA ENTERPRISE BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR "COMPANY")
RIGHTS ISSUE WITH WARRANTS (Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the announcements in relation to the Rights Issue with Warrants dated 28 July 2021, 8 October 2021, 16, 31 March 2022, 20, 26 September 2022 and 26 October 2022 (“Announcements”).)
We refer to the Announcements in relation to the Rights Issue with Warrants.
On behalf of the Board, Malacca Securities wishes to announce that an application has been submitted to Bursa Securities on even date to seek its approval for an extension of time of six (6) months from 6 April 2023 until 5 October 2023 for the Company to complete the implementation of the Rights Issue with Warrants (“Application”).
The Application is subject to the approval of Bursa Securities and the outcome shall be announced in due course.
This announcement is dated 20 March 2023.
Announcement Info Company Name OVERSEA ENTERPRISE BERHAD Stock Name OVERSEA Date Announced 20 Mar 2023 Category General Announcement for PLC Reference Number GA1-20032023-00016
DE-LISTING OF ANZO HOLDINGS BERHAD ANZO HOLDINGS BERHAD
Bursa Malaysia Securities Berhad ("Bursa Securities") noted from the announcement dated 14 March 2023, amongst others, that ANZO had failed to appoint a Principal Adviser within the prescribed timeframe as stated in the decision letter dated 13 February 2023 ("Decision Letter"), i.e. on or before 13 March 2023 and does not intend to seek any further extension of time.
In the circumstances and in accordance with the Decision Letter, please be informed that the securities of the Company will be removed from the Official List of Bursa Securities upon expiry of two (2) market days from today, i.e. on 17 March 2023.
OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR THE "COMPANY")
(I) PROPOSED PRIVATE PLACEMENT; AND (II) PROPOSED RIGHTS ISSUE WITH WARRANTS
(i) private placement of up to 396,384,000 new ordinary shares in the Company (“Oversea Shares” or “Shares”) (“Placement Shares”), representing 30% of the enlarged total number of issued Shares, to independent third-party investor(s) to be identified and at an issue price to be determined later (“Proposed Private Placement”); and
(ii) renounceable rights issue of up to 1,717,664,991 new Shares (“Rights Shares”) together with up to 572,554,997 free detachable warrants in the Company (“Warrants B”) on the basis of 3 Rights Shares together with 1 free Warrant B for every 3 existing Shares held by the entitled shareholders of the Company (“Shareholders”) on an entitlement date to be determined (“Entitlement Date”) (“Entitled Shareholders”) (“Proposed Rights Issue with Warrants”).
Please refer to the attachment for further details.
On 20 March 2023, Malacca Securities had, on behalf of the Board, announced that an application has been submitted to Bursa Securities on even date to seek its approval for an extension of time of six (6) months from 6 April 2023 until 5 October 2023 for the Company to complete the implementation of the Rights Issue with Warrants (“Application”). As at the date of this announcement, the Application is still being considered by Bursa Securities (“Decision”).
Pending the Decision, on behalf of the Board, Malacca Securities wishes to announce that the Company has resolved to fix the issue price of the Rights Shares at RM0.06 per Rights Share (“Issue Price”) and the exercise price of the Warrants B at RM0.06 per Warrant B (“Exercise Price”).
=================== Right issue price fixed at 0.06 Warrant B exercise price fixed at 0.06
================== NOSH = 1,146,670,000 Based on the ratio of rights issue, NOSH will be double to more than 2.2 BILLION shares !!!
Based on rights issue of other loss making penny stocks, the current stock price (0.11) will drop to below the rights issue price in near future or after completion of rights
Get your money ready if keen to contribute money to directors fund raising exercise Otherwise take care of your hard earned money
On behalf of the Board, Malacca Securities is pleased to announce that Bursa Securities had, vide its letter dated 28 June 2023, resolved to grant the Company a further extension of time until 30 September 2023 to complete the implementation of the Rights Issue with Warrants subject to the condition that the Company announces the books closure date for the Rights Issue with Warrants within five (5) market days from the date of Bursa Securities’ approval for the aforesaid extension of time.
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,583,196,991 NEW ORDINARY SHARES IN OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR "COMPANY") ("OVERSEA SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE TOGETHER WITH UP TO 527,732,330 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS B") ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT B FOR EVERY 3 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 28 JULY 2023 ("RIGHTS ISSUE WITH WARRANTS")
Ex-Date 27 Jul 2023 Date for commencement of trading of rights 31 Jul 2023 Date for cessation of trading of rights 07 Aug 2023 Date for announcement of final subscription result and basis of allotment of excess Rights Securities 22 Aug 2023 Acceptance and Payment 14 Aug 2023 05:00 PM Excess share application and payment 14 Aug 2023 05:00 PM Available/Listing Date 28 Aug 2023
========== Directors fast track fund raising exercise to collect up to RM94.99 million via rights issue shares. Massive fund raising from shareholders
================== NOSH will exceed 2.6 billion shares upon completion of rights issue
Get your money ready if keen to contribute to directors fund raising exercise
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,583,196,991 NEW ORDINARY SHARES IN OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR "COMPANY") ("OVERSEA SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE TOGETHER WITH UP TO 527,732,330 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS B") ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT B FOR EVERY 3 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 28 JULY 2023
===================
TAKE NOTE of coming dates
Ex-Date 27 Jul 2023 Date for commencement of trading of rights 31 Jul 2023 Date for cessation of trading of rights 07 Aug 2023
================== Share price will be adjusted on 27 Jul 2023. Possible that adjusted price might fall below the rights issue price
From 31 Jul 2023 - 6 Aug 2023, OVERSEA-OR could be trading at lowest 0.005 like many other OR of loss making penny stocks
Let's wait to see the power of operators and influencers
Retail investors might be getting smarter not to contribute to directors fund raising exercise of multi-year loss making penny stocks
Annual Report 2023 OVERSEA ENTERPRISE BERHAD [Registration No. 199401031473 (317155-U)] 11 DATUK CHAI WOON CHET Executive Director Age 44 • Malaysian • Male Date of appointment as Director: 7 October 2020 Length of service as director since appointment (as at 30 June 2023): 2 years 8 months Board Committee(s) served on: Nil Academic/Professional Qualification(s): Diploma in Business Economics and Marketing from KDU University College Present Directorship(s) in other Public/Listed Companies: l Anzo Holdings Berhad l XOX Technology Berhad Family relationship with any Director and/or major shareholder of the Company: Nil Working experience: Datuk Chai was a Marketing Manager of Sanbumi Sawmill Sdn. Bhd. (a wholly-owned subsidiary of Sanbumi Holdings Berhad which is listed on the Main Board of Bursa Malaysia Securities Berhad). He had been involved in the timber business industry with buyers from Japan, Europe, South Africa and Korea for the past ten (10) years. He also has extensive experience in property development, construction and the automotive sector. Datuk Chai was formerly the Group Managing Director of XOX Berhad. XOX is a mobile operator offering consumers full-fledged mobile services with unparalleled charging and payment flexibilities. Being awarded the mobile numbers by MCMC, leveraging on the widest nationwide coverage and riding on the full spectrum of services ranging from GSM, GPRS, 3G to 3.5G, XOX is positioned to serve its niche target market, the Chinese community in particular, with innovative and revolutionary mobile and convergence services. XOX is vibrant with its marketing efforts in positioning itself as a Telco that provides comprehensive Chinese centric contents and value-added services to enrich and enhance the user experience in mobile services. Datuk Chai was formerly the Managing Director of Lintasan Mayang Development Sdn Bhd, which is the developer for Sabah’s biggest integrated township, Alamesra, an innovative 265 acre of mixed development with gross development value of RM1.3 billion. Datuk Chai was also the former managing director of Maxims Circle Development Sdn Bhd, which carried out property development projects at Kuala Lumpur with gross development value of RM23 million in Taman Permata, Melawati and RM66 million in Segambut. Currently, Datuk Chai is Director in Anzo Holdings Berhad, XOX Technology Berhad and also sits on the board of directors of various other private companies. Datuk is a substantial shareholder of the Company. Time committed: Datuk Chai has attended all five (5) Board of Directors’ (“Board”) Meetings of the Company held after his appointment as an Executive Director in the financial year ended 31 March 2023 (“FYE 2023”).
Chai Woon Chet is a Malaysian businessman who is currently a director of 10 companies. These companies are:
Anzo Holdings Berhad M3 Technologies (Asia) Berhad Overseas Enterprise Berhad XOX Berhad Lintasan Mayang Development Sdn. Bhd. Maxims Circle Development Sdn. Bhd. Cergazam Sdn. Bhd. Capital Intertrade Sdn. Bhd. Cergaz Autohaus Sdn. Bhd. Team Japs Sdn. Bhd. He is also the managing director and substantial shareholder of Anzo Holdings Berhad.
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,583,196,991 NEW ORDINARY SHARES IN OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR "COMPANY") ("OVERSEA SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE TOGETHER WITH UP TO 527,732,330 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS B") ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT B FOR EVERY 3 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 28 JULY 2023 ("RIGHTS ISSUE WITH WARRANTS")
Details of the valid acceptances and excess applications received are as follows: -
__________________________________________No. of Rights Shares_________% of total issue
Total valid acceptances_________________318,006,500_________________28.02
Total valid excess applications__________815,063,433________________71.81
Total valid acceptances and excess applications_____________1,133,069,933_____99.83
Total Rights Shares available for subscription_______________1,134,970,000_____100.00
Not subscribed for____________________________1,900,067_____________0.17
Successful applicants of the Rights Shares will be given Warrants B on the basis of 1 Warrants B for every 3 Rights Shares successfully subscribed for.
The Rights Shares and Warrants B are expected to be listed on the ACE Market of Bursa Securities on 28 August 2023.
Total valid acceptance is only 28.02 % which could mean many retail investors did not subscribe for the rights shares
Total valid excess applications is extremely high at 71.81 % which could mean big penny funds, proxies, operators and cindy kate supporting the directors fund raising exercise
===================== Kindly be advised that OVERSEA's additional 1,133,069,933 new ordinary shares issued pursuant to the aforesaid Rights Issue with Warrants and 159,330,537 additional warrants 2021/2024 (“Warrants A”) issued arising from adjustments pursuant to the Rights Issue with Warrants will be granted listing and quotation with effect from 9.00 a.m., Monday, 28 August 2023.
We are also pleased to advise that 377,689,939 Warrants B issued pursuant to the Rights Issue with Warrants will be admitted to the Official List of the Exchange and the listing and quotation of the Warrants B on the ACE Market, will be granted with effect from 9.00 a.m., Monday, 28 August 2023.
Very likely the price will be maintained at around current price of 0.06 or pushed up by operators and major subscribers for them to release their shares to the market
Trading with care, not be greedy and don't be caught at high price as eventually the share price will drop back to below rights issue price of 0.06
(look at price movement of recent penny stock with rights issue - CLASSITA )
================= NOSH = 2,293,340,000 WA = 596,033,953 WB = 377,689,939
ACGA analyst Chris Leahy said regulators' efforts are hampered by political interference and material delays in cases that are prosecuted through the Attorney General's Office, even where SC has the right of audience as deputy prosecutors.
"We have seen this in some high-profile market manipulation, insider dealing and corruption cases where actions against certain subjects are inexplicably dropped despite material evidence to support prosecution."This casts serious doubts on Malaysia's appetite to tackle political and business corruption."
Leahy said despite creditable efforts by SC and Bursa Malaysia to enforce securities violations such as insider trading and market manipulation, these issues continue to be a material problem for Malaysia's securities markets.
Many of these problems occur among small-cap companies listed on Bursa Malaysia that have smaller free floats and are easier for insiders and market syndicates to control and manipulate.
Executives from SC and Bursa Malaysia, during a discussion admitted that this issue continues to be problematic for Malaysia's markets, he said.This shows they have a difficult job to do, added Leahy.
With the prevalence of political influence within the legal systems and the ability of certain insiders to exploit their influence to ensure legal impunity, issues with insider trading and market manipulation are unlikely to improve without a sea of change within Malaysia's political system.
"This change is not something that will happen overnight, if at all," said Leahy.
BUKA RESTORAN PERLUKAN CAPEX YG BESAR, USAH PAKAI DANA TERBITAN SYER BARU UNTUK MEMBELI SYER SYARIKAT2 RELATED TO GENG TANGAN GHAIB, GENG KORANG... PELABUR DAH BIJAK DAH... SUSAH MAU MENGIGIT MANGSA 2 KALI :)
Date of change 16 Dec 2023 Name DATUK CHAI WOON CHET Age 44 Gender Male Nationality Malaysia Designation Director Directorate Executive Type of change Demised Qualifications No Qualifications Major/Field of Study Institute/University Additional Information
Working experience and occupation Family relationship with any director and/or major shareholder of the listed issuer Any conflict of interests that he/she has with the listed issuer Details of any interest in the securities of the listed issuer or its subsidiaries
Announcement Info Company Name OVERSEA ENTERPRISE BERHAD Stock Name OVERSEA Date Announced 18 Dec 2023 Category Change in Boardroom Reference Number C03-18122023-00003
waris eddie terpaksa handle wasiat, dll.... ambil masa :) a blessing in disguise kot? focus on the real biz dan bukannya manipulasi dana shareholders untuk tujuan spekulasi stok, dll
... semoga geng tersebut kenal Tuhan selepas kematian eddie :)
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KUALA LUMPUR (March 27): The Securities Commission Malaysia (SC) has imposed 118 administrative sanctions for various misconducts and breaches of securities laws in 2022.
These included violations of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities, knowingly providing false or misleading information to Bursa Malaysia, violations of the take-overs and mergers provisions, and late submissions of documents under the Lodge and Launch Framework.
According to the SC's Annual Report 2022, sanctions imposed on parties found to have violated the regulations included reprimands, licence revocation, licence suspension, imposition of penalties and directives, and requirements to make restitution.
A total of RM12 million in penalties were imposed against some parties for their misconduct, the SC said in the annual report released on Monday (March 27).
Apart from administrative actions under its statutory powers, the SC also issued 76 infringement notices in 2022. The nature of cases ranged from corporate misconduct (22%), to insider trading (31%), securities fraud (14%), market manipulation (5%), unlicensed activities (11%), and money laundering (17%).
Infringement notices are issued where breaches of securities laws or guidelines detected do not warrant the initiation of a formal enforcement action or the imposition of an administrative action.
As of Dec 31, 2022, there were a total of 49 active investigations conducted by the SC involving securities fraud and corporate misconduct.
For more SC 2022 Annual Report stories, click here.