Easy if you can find any of your friend are using their product. ..then you know they are in right direction and give them a year to bring their first money to quarter report.
I never come across people using their product.. ..this is tough...they need to spend more money to retail it, educate,promote,convince blah blah.
PETALING JAYA: The private placement exercise by ManagePay Systems Bhd (Mpay) has attracted investors such as former Hong Leong Financial Group Bhd CEO Datuk Yvonne Chia and Fajarbaru Builder Group Bhd chairman Tan Sri Kuan Peng Ching @ Kuan Peng Soon.
The placement entails an issuance of up to 175.71 million shares, which represents 30% of its existing issued and paid-up share capital to third party investors at an issue price of 23 sen.
In a filing with Bursa Malaysia yesterday, Mpay said that about 120.82 million shares has been subscribed by independent third party for RM27.8mil.
It said Chia has will subscribe for 20 million shares for RM4.6mil, while Kuan will subscribe for five million shares for RM1.15mil.
Other investors include ConnectIoT Sdn Bhd will subscribe the biggest stake in the placement at 13.8 million shares. Followed by RedGiant Analytics Asia Sdn Bhd 26.47 million shares, Andrew Chia Wei Jun 12 million shares, Chu Hong Keong eight million shares, Chin Chee Thoy 20 million shares and Soon Kian Heng 15.55 million shares.
The proposed private placement is conditional upon the approval from its shareholders upcoming extraordinary general meeting scheduled on July 14, 2015.
Mpay had said that the bulk of the proceeds raised will be used to develop its electronic money (e-money) project via online wallet and prepaid card.
It said that assuming all 182.98 million warrants are exercised prior to the implementation of the proposed private placement, the maximum number of placement shares to be issued is 175.71 million.
As at yesterday, Mpay’s issued and paid-up share capital stood at RM40.5mil comprising 405.42 million shares.
Shares in Mpay closed 1.79% higher to 28.5 sen yesterday with1.8 million shares traded.
jm3525. u rely its on what? dato chew chee seng bought 1,700,000 unit of shares. he is a director of MPAY. does he know better than you what happen to MPAY currently.
Bursa Announcrment. The Board of Directors of MPAY wishes to announce that ManagePay Technologies Sdn Bhd, a wholly-owned subsidiary of MPAY, had submitted a Tender Document Pricing Proposal to OCBC Bank (Malaysia) Berhad (“OCBC”) on 13 April 2016 (“Tender Document”) and subsequently received a Letter of Award on 28 September 2016 from OCBC for the provision of mobile Point-of-Sales (mPOS) payment platform solution that allows the use of Chip and Pin with Mycard reader for OCBC (“the Award”).
The OCBC Bank group of businesses comprises a family of companies owned by Singapore’s longest-established local bank. OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. Since the time of our founders, we have always understood the financial needs of our customers and developed financial solutions that meet their needs. To address increasingly diverse needs across different communities and geographies, OCBC Bank has expanded and acquired businesses beyond the realm of commercial banking. OCBC Bank has been ranked by Bloomberg Markets magazine as ASEAN's strongest bank and among the world's five strongest banks for five consecutive years since the ranking's inception in 2011
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....
Peter2357
597 posts
Posted by Peter2357 > 2016-09-07 21:41 | Report Abuse
Don't overlook...beside cash and fixed deposit Mpay also has rm47.3million in short term funds.