Today is the Malaysia- China Summit. Sharing 50 years of prosperity...why is dnex and it's chinese partner suing each other? A powerful Silterra eventually will bring a win-win situation.
Dagang Nexchange (Dnex)’s wholly-owned subsidiary, Dagang Net Technologies, has tied up with Conex SAS to streamline European Union (EU) trade compliance for Malaysian exporters. The collaboration aims to assist exporters in fulfilling the EU's Import Control System 2 (ICS2) requirements, which mandate pre-notification of goods to Customs authorities before shipment to the EU. This partnership will benefit Malaysian exporters by reducing administrative burdens, by automating the ICS2 submission process. - The Star
Syed Zainal’s exit as Executive chairman to Non Executive chairman is timely as several decisions that caused share price to tank such as 1. Signing agreement that allowed CGP to take controlling stake then u turn on it. Likely due to poor governance and understanding of ICPS structure.
2. Investing into worsening regulatory UK regime for Ping Petroleum. A sunset industry that should be divested instead of investing. Now stuck with high capex requirement in a sunset industry
3. Losing NIISE
New CEO and CFO provide new lease of life, but no guarantee of success unless they do radical changes such as
- Immediately hiving off sunset oil and gas business instead of trying to save it - invest in data centre chips and work with Foxconn to oust CGP - Sell off cash burning HQ cost that don’t generate revenue
Other failures to clean up: - Multiple useless MOUs, such as with Ajlan Bros, Abilitii, Kale, Strateq, MIMOS, that contributed no revenue but wasted time and money - Convincing Foxconn that their investment at RM0.90 / Dnex share is not sunk cost - Settle the long outstanding arbitration issue that affects all dnex shareholders and employees of semiconductor division - Low value IT division and its low traction “Superapp” Tradeswift
Once the company focus on semiconductor and data centre, the future is bright.
For those who doesn’t want to upskill and learn, should sell off that unit to other
FYI, someone who holds 0 shares cannot be fully vested in terms of alignment of company interest.
So he join and left taking paycheck while the one who suffer is not him but shareholders and employees
What a shame
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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....
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