Posted by Gaussian > 2022-11-17 21:35 | Report Abuse

No worries

Posted by Mini Bull > 2022-11-17 22:15 | Report Abuse

DNEX own Silterra create a lot of problem

Posted by Mini Bull > 2022-11-17 22:16 | Report Abuse

If no own Silterra already over RM1++

Posted by Mini Bull > 2022-11-17 22:17 | Report Abuse

no suprise la, yang pandai IB

Posted by NatsukoMishima > 2022-11-17 22:29 | Report Abuse

Wow this is like hong kong drama , last last many brokers n both party from dnex or CGP will try sapu as much as tickets from open market to see who is the major shareholder , the tickets will become red diamond loh ! Monday all in sailang hope can get more cheap tickets ! All the panic sellers will regret when misunderstanding issue solved ! Local n foreign fund sure sapu kaw kaw until break record volume monday !

Posted by TCH1186 > 2022-11-17 22:29 | Report Abuse

i believe many stuck in this shxtty stock

Posted by TCH1186 > 2022-11-17 22:36 | Report Abuse

stuck at .77 lapsap suddenly drown like titanic

Posted by NatsukoMishima > 2022-11-17 22:40 | Report Abuse

U scare for what , just some misunderstanding issue between chinese n english language , after the china get understand it then back to normal drink tea together ! Dnex continue making rich cash flow !

Posted by RAbbit494 > 2022-11-17 22:41 | Report Abuse

Wah...dah rm 4.00-5.00
Apa macam jepon chai banyak untung.
Takut turun balik rm 2.50 oh.
Good Luck

Posted by NatsukoMishima > 2022-11-17 22:43 | Report Abuse

Dont missing this once in a life time golden chance to get rich , sapu all the tickets before foreign n Local IB done it ! Tp 4 - 6 still intact , standby bullets kaw kaw !

Posted by NatsukoMishima > 2022-11-17 22:46 | Report Abuse

China very need siltera after failed to get uk chip factory , trust me this issue will be settled very soon !

Posted by Gaussian > 2022-11-17 22:48 | Report Abuse

Who is the new owner? Lol

Posted by Cuncun7 > 2022-11-17 22:49 |

Post removed.Why?

Posted by Gaussian > 2022-11-17 22:49 | Report Abuse

I declare Monday bursa close. Lol

Posted by icecool > 2022-11-17 22:51 | Report Abuse

monday back to 0.25 ?

Posted by rr88 > 2022-11-17 22:53 | Report Abuse

I dont want to say much no more bcause you people are all seasoned players.

All i want to say is this: when you see a long red candle like that, the final destination is much lower than the candle's low. It may happen quickly or slowly but it will happen. Thats the way it is, thats the way it has been. Condolence to fallen comrades.

Ho ho ho...la la la...ohyeah oyeah...he he...my victory lap...bcause i was alone n lonely at 0.90 - 1.10...everybody hentam left n right when i said it would go down, as silterra was a success perception not reality. Very very difficult to nurture that loss making monster ditched by gomen.

Ohyeah ohyeah...hu la la..

Posted by Benz1828 > 2022-11-17 23:00 | Report Abuse

Will bounce back to 75 cents ++ if BN win ~

Posted by Cuncun7 > 2022-11-17 23:04 |

Post removed.Why?

Posted by Cuncun7 > 2022-11-17 23:12 |

Post removed.Why?

Posted by TokAbah > 2022-11-18 01:15 | Report Abuse

Tommorow will be another limit down lort

Posted by TCH1186 > 2022-11-18 02:21 | Report Abuse

if will go back to .75 then let bn win. its painful if stuck here for so long.

Posted by TCH1186 > 2022-11-18 02:21 | Report Abuse

if will go back to .75 then let bn win. its painful if stuck here for so long.

Posted by TCH1186 > 2022-11-18 02:21 | Report Abuse

if will go back to .75 then let bn win. its painful if stuck here for so long.

Posted by TCH1186 > 2022-11-18 02:21 | Report Abuse

if will go back to .75 then let bn win. its painful if stuck here for so long.

Posted by TCH1186 > 2022-11-18 02:21 | Report Abuse

if will go back to .75 then let bn win. its painful if stuck here for so long.

Posted by TCH1186 > 2022-11-18 02:21 | Report Abuse

if will go back to .75 then let bn win. its painful if stuck here for so long.

Posted by TCH1186 > 2022-11-18 02:21 | Report Abuse

if will go back to .75 then let bn win. its painful if stuck here for so long.

Posted by Raymond Tiruchelvam > 2022-11-18 03:46 | Report Abuse

DNeX issued a legal proceeding against Mimastronics Technologies Company Limited, a wholly-owned subsidiary of CGP (which also holds a 40% equity interest in Silterra).

DNeX and CGP owns Silterra 60:40 respectively.
However, DNeX's 60% portion was partially funded by the issuance of ICPS (amounting to RM100m) to MIMAS via DNeX Semi.
MIMAS has the right to convert this ICPS to own 33.3% in DNeX Semi.
Post-conversion, this will translate into an additional 20%-equity interest in Silterra.
33.3% x 60% = 20%
The complication is - according to MITI, there was a condition that at least 55% of the shareholding of SilTerra was to be owned by a Malaysian entity.
A breach of this condition would trigger a possible revocation of the Licence.
Dont panic not end of the world..... shareholding intact, operations intact.... just panic in the room

Posted by vespa > 2022-11-18 05:09 | Report Abuse

It is far worse than that if the Arbitration goes against Dnex as it could scupper the deal, The Chinese are well aware of this as they would have had lawyering advice. With the volume just about 10% institutions must have been selling down too.

Posted by Mudita222 > 2022-11-18 06:37 | Report Abuse

There is No synetgy for Dnex involving in the Tech industry, zero technical human resources . Dnex is just like a housing agent sourcing a Tenant (CG) for the building (Silterra) Owner (Khazanah). The Win Win is in selling the Shares (from 0.25 to 1.1.0+), with the Real Losers are the Public Shareholders. Hahaha another C job like Serba. Why Malaysia needs Securities Commission?

Posted by Mudita222 > 2022-11-18 06:41 | Report Abuse

This company is run by the polutical U cronies going around securing government licenses and contracts, we callbit rent seekers or parasites.

Posted by Mudita222 > 2022-11-18 06:48 | Report Abuse

Will any Restaurant operator who rented the Shop gives up 60% of their profits to Property Agent, and keep only 40% for his effort?

Posted by Bullcoming > 2022-11-18 06:54 | Report Abuse

Malaysia Boleh, can be solved

Posted by yangkwang99 > 2022-11-18 07:39 | Report Abuse

No wonder foreigner investors are not keen on bursa any more! Is a stagnant market and getting worse! Get out!

Posted by KingDavid > 2022-11-18 07:46 | Report Abuse

Bob, no need to report abuse. Read carefully from the official announcement. I thought you are professional.

Posted by KingDavid > 2022-11-18 07:49 | Report Abuse

I must admit that DNeX is not in the best position as two partners quarrel, should quarrel within the household. I don't know what would happen on Monday but the market force will provide a clear message.

Posted by monetary > 2022-11-18 07:59 | Report Abuse

Sapngr Felda Serbdk Dnex. From OnG to agriculture to construction to tech. Ppl never tired of getting conned. Lol!

Posted by KingDavid > 2022-11-18 08:00 | Report Abuse

Can Bob confidently convince me that the DNeX Semi has received the RM100 millions from CGP and therefore converted 100 millions ICPS to own 33.3% in DNeX Semi?

Posted by KingDavid > 2022-11-18 08:08 | Report Abuse

Has anything in DNeX financially or businesses changed that causes the panicked selling? Two brothers quarrels. One brother is asking the father to make decision on the dispute. The business is operating normally and not affecting financially except the legal fee. Hope that the brothers can come to senses and take appropriate action to settle the differences and create a win win situation.

Posted by Calbiz > 2022-11-18 08:20 | Report Abuse

*DNeX meeting keytakes (Zoom)*

*Date: 17 Nov 2022*

*Management: TS Syed Zainal Abidin (CEO) and team*

*Key takeaways:*

- Mgmt noted that DNEX still owns 60% of Silterra currently.
- Mgmt noted that there might be some misunderstanding on the acquisition – infact the funding was all from DNEX via internal funds, not ICPS.
- The issuance of ICPS – was the instrument for future funding.
- The reason of the arbitration – it could trigger a breach of the manufacturing license due to explanation in the announcement – and mgmt did so to protect the shareholders.
- Partner of CGP is of the different opinion, and mgmt did so to protect the interest the shareholders.
- But mgmt thinks this should NOT affect the operations and Dnex wants to make sure Silterra's expansion is on track.
- Next step of process: Unable to give the details at this juncture – as guided by the process of arbitration. Mgmt will continue to protect Silterra so that it will not breach the manufacturing license and protect the interest of shareholders.
- Arbitration taken this round is to resolve the different opinions from both parties.
- Manufacturing license is still intact; mgmt has checked with MITI on this.
- What will be the outcome? Cannot draw a conclusion as yet.

*Q&A*

- Accordingly to mgmt, both parties (DNEX & MIMAS) respect the process, and best way (maybe) is to go to arbitration.
- Alternative funding options if MITI does not approve CGP’s ICPS – mgmt thinks that there could be two parts of funding – Silterra (strong cash position) and group’s level (strong cash position)
- Impact of LTA? Mgmt thinks that the disagreement might not affect LTA just because of this issue – because all was done professionally from the beginning – with the customers.
- The ICPS has not been issued hence CGP has no right to subscribe the additional shares.
- Impact if worst case? Mgmt will try its very best to make sure that the manufacturing license to be intact.

*Closing remarks*

- DNex is still very much in control of the operation. And the manufacturing license is still intact, and will make sure the license will not be breached.
- Operation will not be affected – no concern on this
- Mgmt is confident that this will be resolved ultimately and the utmost priority will be to protect the interest of shareholders.

Thanks!

Posted by Calbiz > 2022-11-18 08:21 | Report Abuse

*DNeX meeting keytakes (Zoom)*

*Date: 17 Nov 2022*

*Management: TS Syed Zainal Abidin (CEO) and team*

*Key takeaways:*

- Mgmt noted that DNEX still owns 60% of Silterra currently.
- Mgmt noted that there might be some misunderstanding on the acquisition – infact the funding was all from DNEX via internal funds, not ICPS.
- The issuance of ICPS – was the instrument for future funding.
- The reason of the arbitration – it could trigger a breach of the manufacturing license due to explanation in the announcement – and mgmt did so to protect the shareholders.
- Partner of CGP is of the different opinion, and mgmt did so to protect the interest the shareholders.
- But mgmt thinks this should NOT affect the operations and Dnex wants to make sure Silterra's expansion is on track.
- Next step of process: Unable to give the details at this juncture – as guided by the process of arbitration. Mgmt will continue to protect Silterra so that it will not breach the manufacturing license and protect the interest of shareholders.
- Arbitration taken this round is to resolve the different opinions from both parties.
- Manufacturing license is still intact; mgmt has checked with MITI on this.
- What will be the outcome? Cannot draw a conclusion as yet.

*Q&A*

- Accordingly to mgmt, both parties (DNEX & MIMAS) respect the process, and best way (maybe) is to go to arbitration.
- Alternative funding options if MITI does not approve CGP’s ICPS – mgmt thinks that there could be two parts of funding – Silterra (strong cash position) and group’s level (strong cash position)
- Impact of LTA? Mgmt thinks that the disagreement might not affect LTA just because of this issue – because all was done professionally from the beginning – with the customers.
- The ICPS has not been issued hence CGP has no right to subscribe the additional shares.
- Impact if worst case? Mgmt will try its very best to make sure that the manufacturing license to be intact.

*Closing remarks*

- DNex is still very much in control of the operation. And the manufacturing license is still intact, and will make sure the license will not be breached.
- Operation will not be affected – no concern on this
- Mgmt is confident that this will be resolved ultimately and the utmost priority will be to protect the interest of shareholders.

Thanks!

Posted by KingDavid > 2022-11-18 08:31 | Report Abuse

Calbiz, thanks for all the very important information.

Posted by Mudita222 > 2022-11-18 08:43 | Report Abuse

These moves wete calculated by both sides before it goes public there the impact is mid to long term.
Chips' supply situation had changed drastically over the last few weeks.
Without any Technological skills and capabilities, tje Silterra building is just another White Elephant, wasted the Nation's billion ringgit down the drain.
Tun M just splashed the nation's cash, as money can make chips!

Posted by SinGor > 2022-11-18 08:44 | Report Abuse

What a mess? Arbitration means 2 party Cannot see Eye to Eye. Many Dato having Huge margin account are
still Blur-Blur bcos they outside Campaigning. Come Monday or Tuesday, massive margin account holders
will stay calm or going on selling depends on who is next PM......usually loser side will sell

Posted by MichelleNg > 2022-11-18 09:03 | Report Abuse

Serbadk 3.0???

Posted by SinGor > 2022-11-18 09:08 | Report Abuse

Dnex is initially View as very Good IT hardware Co. But slowly things are cracking up, we have Director trying
to Siphon money and Controlling Stake in dispute. A Typical Bumi Co. where so many Rich Bumi trying to wrest
control ( who control ICPS )

Posted by $$ BUYSELL $$ > 2022-11-18 09:32 | Report Abuse

Legal Action against Encik Mohd Ismail Khan bin Wazir Khan ("Legal Action")
Dagang NeXchange Berhad ("DNeX" or "Company")- Legal Action against Encik Mohd
Ismail Khan bin Wazir Khan

Posted by speakup > 2022-11-18 09:34 | Report Abuse

habis!
another scandal

Posted by momo33 > 2022-11-18 09:37 | Report Abuse

something is fishy .
they want all ?

Posted by SinGor > 2022-11-18 09:48 | Report Abuse

Dnex is Not SerbadK. SerB is a bloodly Con-Job. Silterra is Real. When something is Real and makes money,
you got alot Greedy Rich Bumi ( very Rich ) who wants to steal Dnex away...What can i say, Malaysia Boleh