TA WIN HOLDINGS BERHAD ("TA WIN" OR "COMPANY") - PROPOSED ACQUISITION OF 705,892 ORDINARY SHARES IN CYPRIUM WIRE TECHNOLOGY SDN BHD ("CWT"), REPRESENTING 15% OF THE TOTAL ISSUED SHARE CAPITAL OF CWT, FROM ASIA POLY HOLDINGS BERHAD ("ASIA POLY" OR "VENDOR") FOR A CASH CONSIDERATION OF RM12,000,000.00 ("PROPOSED ACQUISITION")
The Board of Directors of Ta Win wishes to announce that Cyprium Capital Sdn. Bhd., a wholly-owned subsidiary of the Company had on 23 March 2023 entered into a Sale Share Agreement with Asia Poly to acquire a total of 705,892 ordinary shares in CWT, representing 15% equity interest in CWT for a purchase consideration of RM12,000,000.00.
The Proposed Acquisition is deemed as a related-party transaction pursuant to Paragraph 10.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
Please refer to the attachment for further details of the Proposed Acquisition
================ Directors continue to spend money from company fund Time to show some positive results from business operations
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
EDUSPEC = 3,046,287,361 (in progress of share consolidation and rights issue)
VSOLAR = 4,834,933,699 (in progress of share consolidation and rights issue)
ZENTECH = 2,425,297,326 (completed share consolidation and still above 2 BILLION shares)
================ Be aware that directors have the power to propose shares consolidation to reduce the NOSH and then raise more fund via rights issue and thereafter continue with massive shares issuance to PP & ESOS in near future.
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : INTENTION TO DEAL DURING CLOSED PERIOD TA WIN HOLDINGS BERHAD
Subject Intention to Deal During Closed Period
No Salutation Name Designation Description Of "Others" Designation
1 DATO SRI NGU TIENG UNG, JP Executive Director Nature of Interest Direct Interest Description of Securities Ordinary Shares No of Securities Held 19,250,000 % of Securities Held 0.561
2 DATO SRI NGU TIENG UNG, JP Executive Director Nature of Interest Indirect Interest Description of Securities Ordinary Shares No of Securities Held 465,799,008 % of Securities Held 13.579
3 DATO SRI NGU TIENG UNG, JP Executive Director Nature of Interest Indirect Interest Description of Securities Warrant B No of Securities Held 182,719,602 % of Securities Held 13.382
================ Monitor trading transactions of director. Buy or sell ?
Pursuant to Paragraph 9.19(15) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors ("Board") of Ta Win Holdings Berhad ("TAWIN" or "the Company") wishes to announce that the Company had received a notice in writing dated 5 May 2023 from Messrs. Ecovis Malaysia PLT (“Messrs. Ecovis”) of their resignation as the Auditors of the Company pursuant to Section 281 of the Companies Act, 2016.
Messrs. Ecovis was re-appointed as the Auditors of the Company at the 28th Annual General Meeting ("AGM") of the Company held on 29 November 2022 to hold office until the conclusion of the next AGM of the Company. The resignation of Ecovis is on a voluntary basis. The Board is not aware of any matters that need to be brought to the attention of the shareholders of the Company.
With Audit Committee's recommendation, the Board has approved to appoint Messrs. UHY after assessing their independence, capabilities, audit team and proposed audit fees for financial year ending 30 June 2023 in place of Messrs. Ecovis subject to the Company receiving the written consent to act as Auditors of the Company from Messrs. UHY pursuant to Section 264(5) of the Companies Act, 2016.
Further announcement will be made by the Company once the written consent to act has been received.
I was very sure that ECOVIS will resign. They avoided all my questions during the online AGM last year. I have reported ECOVIS to AOB. Some PLC owners grow their companies and the stock price, some will kill the stock price and manipulate the cost of sales. It is a pity that the 2 major directors of Tawin got no qualms in reporting highly questionable losses quarter after quarter.
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
MMAG is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 18 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
FURTHER ANNOUCEMENT ON THE PROPOSED ACQUISITION OF 705,892 ORDINARY SHARES IN CYPRIUM WIRE TECHNOLOGY SDN BHD ("CWT"), REPRESENTING 15% OF THE TOTAL ISSUED SHARE CAPITAL OF CWT, FROM ASIA POLY HOLDINGS BERHAD ("ASIA POLY" OR "VENDOR") FOR A CASH CONSIDERATION OF RM12,000,000.00 ("PROPOSED ACQUISITION")
Another RM12 million of company fund to be spent Directors continue to spend money Shareholders continue to wait for directors to bring in profits from business operations
RELATED PARTY TRANSACTIONS - Tawin and Asia Poly has common director DATO’ YEO BOON LEONG
Company fund will be reduced by RM12 million Company fund can be easily replenished by directors via shares issuance to PP or ESOS Directors will be happy to issue shares to raise more fund Easier than generating profits from business operations
I had not analyzed financials in detail yet prima facie from financial summary alone => Losses does look like normal fluctuations.
=> Somebody with a lot of shares just took advantage of those losses to short it. Everybody just panicked, and the rest is history. => This is a normal shark attack mode.
Thats just my personal opinion from "financial summary" without any evidence to support it.
Dear Tawin Shareholders, Can we all get all our resources together, contact all our fellow shareholders and call for EGM to remove Dato Yeo and Dato Ngu. They have been proven to be useless in all three companies ie. Tawin, Asiapoly and Dolphin. Once we remove them, the company will immediate start to announce profits. You get my drift?
Thank you.
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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....
whistlebower99
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Posted by whistlebower99 > 2023-03-24 14:59 | Report Abuse
TA WIN HOLDINGS BERHAD ("TA WIN" OR "COMPANY")
- PROPOSED ACQUISITION OF 705,892 ORDINARY SHARES IN CYPRIUM WIRE TECHNOLOGY SDN BHD ("CWT"), REPRESENTING 15% OF THE TOTAL ISSUED SHARE CAPITAL OF CWT, FROM ASIA POLY HOLDINGS BERHAD ("ASIA POLY" OR "VENDOR") FOR A CASH CONSIDERATION OF RM12,000,000.00 ("PROPOSED ACQUISITION")
The Board of Directors of Ta Win wishes to announce that Cyprium Capital Sdn. Bhd., a wholly-owned subsidiary of the Company had on 23 March 2023 entered into a Sale Share Agreement with Asia Poly to acquire a total of 705,892 ordinary shares in CWT, representing 15% equity interest in CWT for a purchase consideration of RM12,000,000.00.
The Proposed Acquisition is deemed as a related-party transaction pursuant to Paragraph 10.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
Please refer to the attachment for further details of the Proposed Acquisition
This announcement is dated 23 March 2023.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3338750
================
Directors continue to spend money from company fund
Time to show some positive results from business operations
===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance
===============
TAYOR