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

Posted by BobAxelrod > 2022-11-18 10:02 |

Post removed.Why?

Posted by Borntoberich > 2022-11-18 10:09 | Report Abuse

Don’t expect to rebound next week. Will swing for few months or years.

Posted by BobAxelrod > 2022-11-18 10:12 |

Post removed.Why?

Posted by XenDee > 2022-11-18 10:17 | Report Abuse

@arbitration @scandal @pru15 so market overreact. will stabilize soon

Posted by KingDavid > 2022-11-18 10:18 | Report Abuse

Please talk more so that I can buy at cheaper price next week. Thank you very much.

Posted by Cuncun7 > 2022-11-18 10:21 |

Post removed.Why?

Posted by BobAxelrod > 2022-11-18 10:28 |

Post removed.Why?

Posted by BobAxelrod > 2022-11-18 10:43 |

Post removed.Why?

Posted by DickyMe > 2022-11-18 10:44 | Report Abuse

In BolehLand, anything and everything is hot air, undelivered promises, continuous bailouts, fake reports, massive cover ups, constant threats, unrealistic projection and ..I let it to your imagination. Even a perfect company is not left alone to prosper.

Posted by angelo > 2022-11-18 10:44 | Report Abuse

Wow, so many self-proclaimed experts here. If the share price trades n close lower on the first trading day of next week, these ppl will come out n happily say 'see, i already told you all but you all never want to listen' n if the share price is to close higher, the same ppl will say it is just 'dead cat bounce back'.

Posted by DickyMe > 2022-11-18 10:45 | Report Abuse

Who cares!

Posted by BobAxelrod > 2022-11-18 10:47 |

Post removed.Why?

Posted by BobAxelrod > 2022-11-18 10:56 |

Post removed.Why?

Posted by BobAxelrod > 2022-11-18 10:58 |

Post removed.Why?

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

And saving on toilet rolls for new plant........

Posted by Mabel > 2022-11-18 11:16 | Report Abuse

Are you one of the investors who think that Irredeemable Convertible Preference Shares ("ICPS") or Redeemable Convertible Preference Shares ("RCPS") is bad for the minor shareholders?

A common misconception of minority shareholders is always the same - Dilution of share ownership which is not good.

Posted by Mabel > 2022-11-18 11:16 | Report Abuse

In fact ICPS / RCPS is a good method for listed companies to grow, or as a source to secure fundings.. But you might ask - why is that so?

Take a few good companies with good business model and good management; Airasia Group Berhad ("AIRASIA") and Bumi Aramada Berhad ("ARMADA"), what is the one key item that eats away their profit?

Posted by Mabel > 2022-11-18 11:16 | Report Abuse

Was it bad margins? No..

Was it bad cost controls? No..

It's this particular item - FINANCE COSTS eats up majority of their profit, or even drive them into a loss-making company!

So as an investor myself, you always ask myself this question: "Blondi, do you want a loss making company, or a company that is able to raise fund consistently with no finance costs at all?"

To me, the answer is plain and simple. I hope it is to you as well.

Posted by Mabel > 2022-11-18 11:17 | Report Abuse

But wait, for new investors out there, what the heck are ICPS and RCPS?

In a layman term, ICPS and RCPS is just another type of convertible warrant (unless otherwise the company's ICPS and RCPS is interest bearing itself), investors would have to pay a certain amount (conversion price, which in turn funds the company's business) to convert into mother share!

But why would they convert into mother share? One thing I'm sure is - there must be something behind for them to willingly convert the ICPS and RCPS into mother shares, and increase their shareholdings!

Posted by Loh Kok Wai W > 2022-11-18 11:28 | Report Abuse

Dnex is Next ...Serbadak,Sapnrg,Scib....???...maybe.....

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

Sell dnex buy MSC

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

Hope msc can limit up

Posted by BobAxelrod > 2022-11-18 11:40 |

Post removed.Why?

Posted by investor2021trading > 2022-11-18 11:43 | Report Abuse

buy keep MPI, don't bother to monitor, it will go back to 40-50 in 2023!

Posted by NatsukoMishima > 2022-11-18 11:52 | Report Abuse

When ABMB involved in 1MDB news out the share price also drop more than 30 % last year , but look at it now possible into klci index !
Dnex is not ataim which nearly close shop because no more business .
Dnex is not serb because fake account .
Dnex is just in some misunderstanding with their partner regarding the agreement maybe due to the China poor english understanding , a middleman sure will help settle this peanut issue soon so that china malaysia both party win win situation , in Malaysia everything can settled lah , worry for what !
What u need to do now is standby as much as bullets u can to sapu all tickets next week before the foreign n local funds do it ! A very good risks reward investment !
Ask yourself why China so eager on siltera n not top glove or hartalega , is it something hidden inside that other people never discover ??
Trust me , this kind of panic sell not persist longer and when it rebound it will be a multibagger rebound !

Posted by Mabel > 2022-11-18 11:55 | Report Abuse

#
BobAxelrod MF longkang cat has no idea what happened in Dx tussle. She is demented and same old business luring newbies to the death in SD, KNM, Parkson, SAP and Dnex.

Anyone talking about ICPS here or the Arbitration with MIMA/Dnex?????

She just crwaled out from her longkang domain and has no idead who f^^ked her from the back.
18/11/2022 11:40 AM

Haha Blondi is talking about him..

2022 i3 Best Song of the Year

Song: Hibibibi...

Singer : Blondi

Record: Cap Ayam Software..

Posted by Mabel > 2022-11-18 11:57 | Report Abuse

investor2021trading buy keep MPI, don't bother to monitor, it will go back to 40-50 in 2023!
18/11/2022 11:43 AM

Haha MPI oledi on board...

No need to monitor like Dnex..

TS is in control mah..

Meow

Posted by investor2021trading > 2022-11-18 12:07 | Report Abuse

a lot of investors hv encountered huge losses in DNex! it can b "a flash in d pan"!

Posted by Raiz368 > 2022-11-18 12:10 | Report Abuse

Dnex iş control by BN government, if BN collapse Dnex also collapse so pls pray BN win Pru15 to save Dnex business.

Posted by Mabel > 2022-11-18 12:13 | Report Abuse

investor2021trading a lot of investors hv encountered huge losses in DNex! it can b "a flash in d pan"!
18/11/2022 12:07 PM

Haha Haha Mabel bought Dnex before Blondi@Trevor77 knows how to wear skirts and panties. This Battleship trade many round oledi with good P&L. This is another Battleship where Mabel just keep..3+1 Battleship mah..

Captain Mabel Meow

Posted by investor2021trading > 2022-11-18 12:15 | Report Abuse

i thought everyone said PH is going to win GE15! anyway, for u understanding, our gomen has no money to help any PLC, not even ASB!

Posted by Raiz368 > 2022-11-18 12:26 | Report Abuse

All counter linked to politic member are collapse i.e Serba Dinamik, Sapura Energy, Cypark, Dnex, KNM, TH Heavy, ICON...

Posted by firehawk > 2022-11-18 12:30 | Report Abuse

osted by Calbiz > 3 hours ago | 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!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
- 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.

If these are the facts, DNex is in better position to settle the arbitrage ..... contradict to some ppl understanding, that DNex issue the ICPS for acquisition.

Different from SerbakD too, this doesn;t involve fake account, fake orders, but merely funding at corporate level, which has no effect on operations. In in the right path, DNex not to violate the condition set by MITI.

This counter has a lot of retailers,
10,001 to 100,000 ; 10,964 persons hold 373,815,253 shares ( 11.84%)
100,001 to less than 5% of issued shares ; 2,308 persons hold 2,314,061,095 shares (73.32%)
5% and above of issued shares , 1 person holds 359,000,000 shares (11.37%)

make the counter subject to wild fluctuation ........