TECHNA-X BERHAD

KLSE (MYR): TECHNAX (2739)

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Last Price

0.015

Today's Change

+0.005 (50.00%)

Day's Change

0.01 - 0.015

Trading Volume

4,400,700


10 people like this.

24,579 comment(s). Last comment by Vicky 6 days ago

Winner38

472 posts

Posted by Winner38 > 2023-02-09 06:55 | Report Abuse

Kriiikkk kroookkk Kriiikkk bunyi sepi dan sakit hati... Bila mahu rocket

Vicky

1,199 posts

Posted by Vicky > 2023-02-09 09:10 | Report Abuse

Rocket no power. Engine failure.

ID007

567 posts

Posted by ID007 > 2023-02-09 15:43 | Report Abuse

noob la this tehcnax

dompeilee

11,888 posts

Posted by dompeilee > 2023-02-09 19:03 | Report Abuse

After share consolidation still have the cheek to ask for more $ via rights issue...lol...Happy for involuntary long-term shareholder Ms Yeong LOL

Hitto

49 posts

Posted by Hitto > 2023-02-09 22:37 | Report Abuse

Time for shareholders to make donation to pay for the directors fee via right issue !!!!!!!!

Posted by whistlebower99 > 2023-02-14 14:36 | Report Abuse

FOR NEWBIES

Friday, 18 December 2020. Changed name from HUAAN to TECHNAX

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3311090

=================
29 November 2022. Multiple Proposal :-
(I) PROPOSED DEBT SETTLEMENT;
(II) PROPOSED SHARE CONSOLIDATION;
(III) PROPOSED RIGHTS ISSUE; AND
(IV) PROPOSED BONUS ISSUE OF WARRANTS;

====================
i. proposed settlement of an aggregate amount of RM37,020,000 debt owing to creditors by the Company (“Settlement Amount”) via the issuance of 1,346,181,818 new ordinary shares in TXB (“TXB Share(s)” or “Share(s)”) (“Settlement Share(s)”) (“Proposed Debt Settlement”);
ii. proposed consolidation of every 20 existing Shares into 1 Consolidated Share held by the entitled shareholders on an entitlement date to be determined and announced later (“Consolidated Shares Entitlement Date”) (“Proposed Share Consolidation”);
proposed renounceable rights issue of up to 97,252,594 Rights Shares on the basis of 1 Right Share for every 2 Consolidated Shares (“Rights Shares Entitlement Basis”) held by the entitled shareholders on an entitlement date to be determined later (“Rights Shares Entitlement Date”) (“Rights Shares Entitled Shareholder(s)”) (“Proposed Rights Issue”); and
iii. proposed bonus issue of up to 145,878,891 free warrants in TXB (“Warrant(s)”) on the basis of 1 Warrant for every 2 Consolidated Shares (“Bonus Warrants Entitlement Basis”) held by the entitled shareholders on an entitlement date to be determined later (“Warrants Entitlement Date”) (“Warrants Entitled Shareholder(s)”) (“Proposed Bonus Issue of Warrants”).
Further details of the Proposals are set out in the attachment.

This announcement is dated 29 November 2022.

==================
Long term shareholders likely to suffer huge losses due to massive shares issuance and shares consolidation undertaken by Directors

==================
TAYOR

Winner38

472 posts

Posted by Winner38 > 2023-02-20 17:25 | Report Abuse

Ti's is Energy counter.. U see how la this counter.. How to survive when the Director don't take care of the Energy..

Vicky

1,199 posts

Posted by Vicky > 2023-03-01 16:41 | Report Abuse

Director serupa otak udang pikir newbies takade otak juga...hahaha

ID007

567 posts

Posted by ID007 > 2023-03-01 19:46 | Report Abuse

haih. ini directors

Winner38

472 posts

Posted by Winner38 > 2023-03-09 14:08 | Report Abuse

Kasi hentam semua directors
Ada chance mesti cabut kuat kuat

ID007

567 posts

Posted by ID007 > 2023-03-09 18:23 | Report Abuse

All pannai songlap

Vicky

1,199 posts

Posted by Vicky > 2023-03-10 23:29 | Report Abuse

Semua Director, otak takade, investors pun takade otak.

ID007

567 posts

Posted by ID007 > 2023-03-14 18:38 | Report Abuse

babiiiiiiiiii directors

Vicky

1,199 posts

Posted by Vicky > 2023-03-15 12:04 | Report Abuse

Towards 0.005. Historical low. Director punya otak pun sudah takeade...hahaha...

ID007

567 posts

Posted by ID007 > 2023-03-15 18:31 | Report Abuse

See their new logo sudah tau

Vicky

1,199 posts

Posted by Vicky > 2023-03-22 12:35 | Report Abuse

Sebenarnya semua directors kena frontotemporal dementia. Lama lama lupa harga asal sebab otak sudah takade

Vicky

1,199 posts

Posted by Vicky > 2023-03-22 12:35 | Report Abuse

Macam kita punya Bruce Wills..

Rvp918

29 posts

Posted by Rvp918 > 2023-03-29 12:39 | Report Abuse

Mana mau lari

Tipster

752 posts

Posted by Tipster > 2023-04-06 07:45 | Report Abuse

No more news? Waiting to chap lap?

Vicky

1,199 posts

Posted by Vicky > 2023-04-06 10:37 | Report Abuse

Hahaha....gulung tikar

Rvp918

29 posts

Posted by Rvp918 > 2023-04-07 12:12 | Report Abuse

Bila gulung? haha

ID007

567 posts

Posted by ID007 > 2023-04-08 12:57 | Report Abuse

all directors songlap

ID007

567 posts

Posted by ID007 > 2023-04-10 09:48 | Report Abuse

lol

Posted by whistlebower99 > 2023-04-12 09:55 | Report Abuse

Modus operandi of many loss making penny stocks
1. Directors fail in generating business profit
2. Show multi year losses, multi quarter losses
3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition
4. Directors utilise most of the fund raised
5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue
6. Maybe change company name to 'hide' the past from new investors
7. Repeat step 1 to 6

Vicky

1,199 posts

Posted by Vicky > 2023-04-12 11:14 | Report Abuse

Well said. Thks.

Posted by whistlebower99 > 2023-04-18 09:42 | Report Abuse

FOR NEWBIES

TECHNA-X BERHAD ("TXB" OR "COMPANY")

(I) PROPOSED CAPITAL REDUCTION;
(II) PROPOSED DEBT SETTLEMENT;
(III) PROPOSED SHARE CONSOLIDATION; AND
(IV) PROPOSED RIGHTS ISSUE WITH WARRANTS;

In view of the developments that have taken place since the Previous Announcements, on behalf of the Board of Directors of TXB (“Board”), M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that the Previous Proposals shall be revised to as follows:

(i) proposed reduction of TXB’s share capital pursuant to Section 116 of the Companies Act 2016 (“Act”) (“Proposed Capital Reduction”);

(ii) proposed settlement of an aggregate amount of RM33,834,500 debt owing to creditors by the Company (“Settlement Amount”) via the issuance of 2,487,830,882 new ordinary shares in TXB (“TXB Share(s)” or “Share(s)”) (“Settlement Share(s)”) (“Proposed Debt Settlement”);

(iii) proposed consolidation of every 20 existing Shares into 1 ordinary share of TXB (“Consolidated Share(s)”) held by the entitled shareholders on an entitlement date to be determined and announced later (“Consolidated Shares Entitlement Date”) (“Proposed Share Consolidation”); and

(iv) proposed renounceable rights issue of up to 251,587,641 new ordinary shares in TXB (“Rights Share(s)”) on the basis of 1 Rights Share for every 1 Consolidated Share held (“Rights Shares Entitlement Basis”), together with up to 251,587,641 free detachable warrants in TXB (“Warrant(s)”) on the basis of 1 Warrant for every 1 Rights Share subscribed for by the entitled shareholders (“Warrants Entitlement Basis”) of the Company on an entitlement date to be determined and announced later (“Entitlement Date”) (“Entitled Shareholder(s)”) (“Proposed Rights Issue with Warrants”).

Further details of the Proposals are set out in the attachment.

Date Announced 14 Apr 2023

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3344464

====================
Previous name is SINO HUA-AN INTERNATIONAL BERHAD

Normally not a good thing when loss making penny stock change name.


=====================
Multiple year loss making penny stock company

NOSH = 2,214,714,736

Long term holders likely to incur huge losses due to share consolidation and rights issue

Vicky

1,199 posts

Posted by Vicky > 2023-04-18 19:46 | Report Abuse

Target 0.005 cent. Tengok logo sudah tau....hahaha

TheCrown

278 posts

Posted by TheCrown > 2023-04-19 18:51 | Report Abuse

Waiting for 1.33 sampai mampos

Tipster

752 posts

Posted by Tipster > 2023-04-20 18:29 | Report Abuse

Consolidate 50 into 1 then $1 liao

Posted by whistlebower99 > 2023-05-12 12:23 | Report Abuse

FOR NEWBIES

VSOLAR is the latest high NOSH low price penny stock proposing to do shares consolidation !!!

This announcement is dated 9 May 2023

===================
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

Long term shareholders holding at high prices will incur huge losses from share consolidation

List of penny stocks with shares consolidation :-

2023 in progress - VSOLAR, DOLPHIN, TECHNAX

2023 completed = MERIDIAN, PASUKGB, EDUSPEC

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

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

====================
TAYOR, don't be caught in share consolidation exercise

Posted by whistlebower99 > 2023-05-17 15:32 | Report Abuse

FOR NEWBIES

TECHNA-X BERHAD ("TXB" OR "COMPANY")

(I) PROPOSED CAPITAL REDUCTION;
(II) PROPOSED DEBT SETTLEMENT;
(III) PROPOSED SHARE CONSOLIDATION; AND
(IV) PROPOSED RIGHTS ISSUE WITH WARRANTS;

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3344464

==================
Take note of on-going multiple proposal


Winner38

472 posts

Posted by Winner38 > 2023-05-23 21:30 | Report Abuse

Time to goreng.. Kambing soon.. 🐐

Winner38

472 posts

Posted by Winner38 > 2023-05-24 19:35 | Report Abuse

Kambing kambing soon.. 0020~0025..

ID007

567 posts

Posted by ID007 > 2023-05-24 22:04 | Report Abuse

kambing 0.1

Vicky

1,199 posts

Posted by Vicky > 2023-05-25 11:44 | Report Abuse

Target 0.005. Get readyyy for the joyride !

Rvp918

29 posts

Posted by Rvp918 > 2023-05-27 16:49 | Report Abuse

Must buy popcorn to watch haha

Winner38

472 posts

Posted by Winner38 > 2023-05-30 16:30 | Report Abuse

Selling at 0020
Kambing 🐐 soon..

Winner38

472 posts

Posted by Winner38 > 2023-05-31 15:36 | Report Abuse

Soonnnnnnn.... 🐐

Vicky

1,199 posts

Posted by Vicky > 2023-05-31 20:12 | Report Abuse

Gonna PN17 soon !

Winner38

472 posts

Posted by Winner38 > 2023-05-31 21:56 | Report Abuse

Wait wait.. Be patient.. Coming soon..

Apastock

122 posts

Posted by Apastock > 2023-05-31 22:04 | Report Abuse

nak jadi X-Men?

Vicky

1,199 posts

Posted by Vicky > 2023-06-01 14:35 | Report Abuse

Profit decrease 97%. Director sudah lari dengan untung walaupun dementia !

ID007

567 posts

Posted by ID007 > 2023-06-02 22:39 | Report Abuse

all come back take gaji

Mar2083

739 posts

Posted by Mar2083 > 2023-06-03 08:21 | Report Abuse

Possible it will up trend next week?

Winner38

472 posts

Posted by Winner38 > 2023-06-05 22:15 | Report Abuse

Cut loss.. PN17
As expected..

Posted by whistlebower99 > 2023-06-06 11:39 | Report Abuse

TECHNA-X BERHAD ("TXB")
- BURSA MALAYSIA SECURITIES BERHAD'S PRACTICE NOTE 17 ("PN17") RELIEF MEASURES RESULTING IN TXB TRIGGERING SUSPENDED CRITERIA BUT NOT CLASSIFIED AS A PN17 LISTED ISSUER

Reference is made to TXB’s announcement made on 1 June 2023 bearing reference number GA1-31052023-00061, the Board of Directors of TXB wishes to clarify that TXB has re-assessed its PN17 condition based on the latest quarterly report on consolidated results for the financial period ended 31 March 2023 as announced on 30 May 2023, the shareholders’ equity has increased from RM35.16 million as at 30 September 2021 to RM42.36 million as at 31 March 2023, which is more than 25% of the share capital of TXB and more than RM40.0 million.

As such, TXB no longer triggers any of the PN17 Suspended Criteria and any of the criteria in relation to the financial condition of a listed issuer as set out in Paragraph 2.1 of the PN17.

This announcement is dated 2 June 2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3359665




Posted by whistlebower99 > 2023-06-06 11:41 | Report Abuse

FOR NEWBIES

(i) proposed reduction of TXB’s share capital pursuant to Section 116 of the Companies Act 2016 (“Act”) (“Proposed Capital Reduction”);

(ii) proposed settlement of an aggregate amount of RM33,834,500 debt owing to creditors by the Company (“Settlement Amount”) via the issuance of 2,487,830,882 new ordinary shares in TXB (“TXB Share(s)” or “Share(s)”) (“Settlement Share(s)”) (“Proposed Debt Settlement”);

(iii) proposed consolidation of every 20 existing Shares into 1 ordinary share of TXB (“Consolidated Share(s)”) held by the entitled shareholders on an entitlement date to be determined and announced later (“Consolidated Shares Entitlement Date”) (“Proposed Share Consolidation”); and

(iv) proposed renounceable rights issue of up to 251,587,641 new ordinary shares in TXB (“Rights Share(s)”) on the basis of 1 Rights Share for every 1 Consolidated Share held (“Rights Shares Entitlement Basis”), together with up to 251,587,641 free detachable warrants in TXB (“Warrant(s)”) on the basis of 1 Warrant for every 1 Rights Share subscribed for by the entitled shareholders (“Warrants Entitlement Basis”) of the Company on an entitlement date to be determined and announced later (“Entitlement Date”) (“Entitled Shareholder(s)”) (“Proposed Rights Issue with Warrants”).

Further details of the Proposals are set out in the attachment.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3344464
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3351584

=================
Take note Multiple Proposal still in effect

rasee98

38 posts

Posted by rasee98 > 2023-06-06 11:48 | Report Abuse

hold or sell masters?

Posted by whistlebower99 > 2023-06-06 13:43 | Report Abuse

consolidation of every 20 existing Shares into 1 ordinary share of TXB

not likely above 0.01 on ex-date

ID007

567 posts

Posted by ID007 > 2023-06-06 17:08 | Report Abuse

gg

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