Posted by shareshark > 2022-11-17 17:10 | Report Abuse

all money game .....dont worry be happy....

Posted by BobAxelrod > 2022-11-17 17:16 |

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Posted by GoldenShares > 2022-11-17 17:16 | Report Abuse

ikan bilis juga yang kena kaw kaw, pity ikan bilis,......................

Posted by Hotstuff > 2022-11-17 17:19 | Report Abuse

*DNeX - Legal proceeding against China counterpart*

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).

Background:
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.

DNeX is trying to resolve this issue. Jeremie said will update in due course

*Dealer's comments :*
May take a while to sort this out.

*This seems to be a negative development. Share prices will come under selling pressure*

Posted by BobAxelrod > 2022-11-17 17:22 |

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

Look at the volume, the shark was the first to dump!

Posted by BobAxelrod > 2022-11-17 17:23 |

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Posted by Adam92Rosli > 2022-11-17 17:24 | Report Abuse

Bursa Malaysia has suspended the short selling of Dagang Nexchange Bhd (DNeX) shares for the rest of the day under proprietary day trading (PDT) and intraday short selling (IDSS).

Posted by Adam92Rosli > 2022-11-17 17:24 | Report Abuse

The suspension was made after the technology company's stock dived more than 15 sen, or 15 per cent, from the reference price.

"The short selling under PDT and IDSS will only be activated the following trading day, Monday, Nov 21 2022 at 08:30 am,” the stock exchange regulator said.

As of 4.21 pm, DNeX was down 17 sen to 58.5 sen with 138.62 million shares traded. - Bernama

Posted by BobAxelrod > 2022-11-17 17:25 | Report Abuse

Too late......

Posted by BobAxelrod > 2022-11-17 17:26 |

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Posted by Hotstuff > 2022-11-17 17:26 | Report Abuse

ugly black hearted Bob. but I like it hahhahaha

Posted by rr88 > 2022-11-17 17:27 | Report Abuse

Read pdf file in bursa announcement.
Big fight oooo. Dnex said its our legal position n opinion that the JV agreement with china partner void. Go to arbirtration will take many2 months to settle. Once fight, susah dy. Sooner or later both will part ways.

Technically, the CHART SAYS THE PRICE HAS COLLAPSED below multiple more than 5 strong parallel supports since 18 months ago, march 2021 IN ONE GO!

It means IT WILL DIE.
After a few cents rebound, it will go lower than todays low of 0.455 WELL ON ITS WAY BACK TO SQUARE ONE 0.25 - 0.30 to hybernate there for a year or 2.

Hu hu hu......ho ho ho...la la la...
He he...he he....

Silterra JUBO!
Its a mirrage. U think u see its there but nothing is there. Hu hu...

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

The share is backed to RM0.28 again. It will take years for the lawsuit between the two big Silterra owners.

Posted by Hotstuff > 2022-11-17 17:31 | Report Abuse

no matter how Business as usual. silterra still belong to DNex. if Malaysia government campur tangan lagi best then it will be 100% owned by Dnex yeah!!!!!!

Posted by shareshark > 2022-11-17 17:32 | Report Abuse

wafer ....difference story .....particularly China need the tech and source..wont die....

Posted by Hotstuff > 2022-11-17 17:32 | Report Abuse

kick china out of silterra. forfeit all their money. supply all the chips to US.

Posted by BobAxelrod > 2022-11-17 17:34 |

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

Production may suffer and deliveries to OneChip may be delayed......another trouble on the way????

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

Stock: [DNEX]: DAGANG NEXCHANGE BERHAD

 51 minutes ago | Report Abuse

U THINK MITI DARES!!!

Posted by KingDavid > 2022-11-17 17:38 | Report Abuse

33.3% of 60% = 20% + 40% = 60% by CCP, 40% by DNeX.

Posted by OrlandoOilSemiconIoT > 2022-11-17 17:39 | Report Abuse

DNEX can't come out with the 120m?

Posted by BobAxelrod > 2022-11-17 17:40 |

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Posted by Toyota78 > 2022-11-17 17:41 | Report Abuse

It’s sad that the BOD didn’t foresee this issue and because of this uncertainties sharks took advantage to leverage on fear causing the poor man in the streets to loose the pants and shirts. How sad. But this is how market forces work. There is no pity. I m a loyal Dnexer but I emphatize with those who lost a fortune. Pray all will be strong and pray a speedy solution to this impasse. I pray the Group MD Tan Sri Syed Zainal Abidin will look into this matter with high urgency

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

Just 3.8 per share RI on 3,156,000,000 shares will do

Posted by BobAxelrod > 2022-11-17 17:42 |

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Posted by Hotstuff > 2022-11-17 17:42 | Report Abuse

33.33% out of 60% which is 20%. dnex still own 40%. get your fact right superbob

Posted by Michael Kwok > 2022-11-17 17:43 | Report Abuse

U see my statement.say sell on 76 cents. it down to as low as 45.5 cents and close at 50.5 cents.
17/11/22 5.42pm

Price 76 cents
The big meow meow.please dnex should be in 55-60 cents then buy big.
4/11/22 1.30 am

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

Dun be naive Toyota.....the documents were vetted by top class Law firms....not your regular sex firms.....

Posted by BobAxelrod > 2022-11-17 17:45 |

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Posted by KingDavid > 2022-11-17 17:45 | Report Abuse

Worst situation, DNeX will still hold 40% of Silterra.

Posted by OrlandoOilSemiconIoT > 2022-11-17 17:45 | Report Abuse

Mooron it is not 27% but 40+%...



BobAxelrod

Either way Dx is at losing end...

MITI can be kowtim...then License continue.....and also allow the 33.33% to be owned by MIMA.....Dx only left with less than 27%. For what?, play own kuku jiao???

Violation of Khazana condition to take over Silterra also another problem if left with 27%

Posted by BobAxelrod > 2022-11-17 17:45 | Report Abuse

Khazanah said you can only hold 40% or less meh?????? Please show us where you read one??? Bolih???

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

hahhahaha...big slap on his on9 bob face la...

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

Use your brain think lah why this news only out at this right timing when warren buffet invest 4.1 b in TSMC , day before GE 15 , the meeting between Biden n Xi jin ping , now China hungry eager want 100% siltera because they know the hidden gem inside siltera already , uk force china to sell out chip factory in uk , i believe siltera will become more than a what diamond to red diamond soon ! Shit i missed the chance to sapu all cw-c6 only get 300k unit at 1 sens !

Posted by BobAxelrod > 2022-11-17 17:47 |

Post removed.Why?

Posted by Hotstuff > 2022-11-17 17:47 | Report Abuse

27%?? 40%??? can't even get the fact right.. on 9 zai

Posted by BobAxelrod > 2022-11-17 17:48 |

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

Hope next week drop to 10 sens ! This is once in a life time super golden chance to become rich ! This is not ataims , serba dinamik , this is red dimond siltera which many big players want to grab in hand !

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

But actually as DNEX emphasizes... DNEX still in control of SilTerra

DNEX controls (100-33.33)% of DNEX SEMI.. DNEX SEMI is subsidiary

DNEX SEMI controls 60% of SilTerra

SilTerra is DNEX subsidiary

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

Believe what you think is right......and what can possibly be ALLOWED by MITI or Khazanah....

Hotstuff

27%?? 40%??? can't even get the fact right.. on 9 zai

Posted by amateurJR > 2022-11-17 17:50 | Report Abuse

Sor-chai Natsuko kept talking bad abt other tech stocks. Karma hits this dnex fanboy now

Posted by NatsukoMishima > 2022-11-17 17:50 | Report Abuse

Tonight standby all missiles bullet for next monday sapu at 9am sharp !

Posted by NatsukoMishima > 2022-11-17 17:50 | Report Abuse

Dnex = proud of malaysia !

Posted by BobAxelrod > 2022-11-17 17:51 |

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Posted by BobAxelrod > 2022-11-17 17:52 |

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Posted by OrlandoOilSemiconIoT > 2022-11-17 17:52 | Report Abuse

This likely a suprise to investment bankers too... who advised to issue ICPS.. instead of ordinary shares

Posted by BobAxelrod > 2022-11-17 17:53 |

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Posted by BobAxelrod > 2022-11-17 17:57 |

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Posted by Michael Kwok > 2022-11-17 18:00 | Report Abuse

Natsu if it drop to 10 cents,dnex will bankcrupt.