Bosskufanboy, just thinking generally....glad that so far, seems like ARB is on the ascending path... buying interest at 13.5 is so high! Hope it continues upwards!
ARB BERHAD (“ARB” OR “THE COMPANY”) PROPOSED LISTING OF THE COMPANY’S INTERNET OF THINGS ("IOT”) BUSINESS ON THE NATIONAL ASSOCIATION OF SECURITIES DEALERS AUTOMATED QUOTATIONS (“NASDAQ”) STOCK EXCHANGE 1. INTRODUCTION The Board of Directors of ARB (“Board”) wishes to announce that the Company is considering to list its IOT business on the NASDAQ Stock Exchange ("Proposed Listing”). The details of the Proposed Listing have yet to be determined. Nevertheless, the Company’s subsidiary (which holds the IOT business) to be listed is envisaged to remain as a subsidiary of the Company after completion of the Proposed Listing. A detailed announcement in relation to the Proposed Listing will be made in due course pursuant to the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”) once the Company has finalised and approved the structure of the Proposed Listing. 2. RATIONALE AND BENEFITS OF THE PROPOSED LISTING The Proposed Listing will enable ARB to list its IOT business on NASDAQ, a globally recognised stock exchange. The rationale and benefits of the Proposed Listing are as follows:- (i) To promote a clearer segregation of business responsibilities and operations for the Company’s existing IOT business, thereby enabling the management of the Company to efficiently allocate its resources to accelerate the expansion and growth of the IOT business; (ii) To provide the Company’s IOT business with direct access to a new fund-raising platform which would increase the financial flexibility for the Company’s IOT business to pursue its expansion and growth opportunities; (iii) To allow the Company’s IOT business to gain recognition from its own separate listing status thus enhancing its corporate reputation, business profile and visibility which in turn may allow it to achieve greater market penetration and wider customer base; (iv) To enable the Company to unlock the value of its investment in its IOT business through the share offering exercise under the Proposed Listing, thus enhancing the value for its shareholders; and (v) To widen the investor base of the Company’s IOT business through the participation of the global investing community. 3. APPROVALS AND OTHER REGULATORY REQUIREMENTS The Company will obtain the necessary approvals from the relevant authorities (i.e. United State Securities and Exchange Commission, Bursa Securities and any other relevant authorities and/or parties, if required) for the Proposed Listing as well as the shareholders’ approval at a general meeting to be convened. The Company will make further announcement(s) in relation to the Proposed Listing in due course as and when required pursuant to the Listing Requirements. This announcement is dated 22 February 2022.
The Board of Directors of ARB (“Board”) wishes to announce that the Company is considering to list its IOT business on the NASDAQ Stock Exchange ("Proposed Listing”).
Dnex with siltera wafer plant also never think of Nasdaq , this 1x sen penny stock wants listing in nasdaq , just listen only n forget it later , really the biggest joke in 2022 !
y Fatty Liew subscribed for a big chunk of the unsubscribed new shares? He must hv sth in mind to get much more richer with his winning strategies. The first one is now unfolded, that's going for Nasdaq listing. What is his next move to create DNEX2?
One thing for sure: USA is ALSO huge in agriculture. If ARB can go in and make it, well, we all can be rich! Any one can comment about USA's use of IOT in agriculture??
Larry is now the substantial shareholders of both the ord shares and PA. Move the mother and the son will tag along. Just churn out some good news will do to see the tricks working smoothly.
Looks like it will fluctuate between 130 and 135 for sometime though on upward trend.....it also makes sense to lock-in some of the profit at 130, no one knows for sure!
Listing on NASDAQ is actually good news for existing shareholders. It allows an exit/partial exit. The PE is very low with the enlarged share population, indicating undervalue. With the near changing share population in every quarters and the lack of SSHs hinder a better understanding of the counter. Datok Larry Liew and IR are also bad in PR and communicating the necessary to shareholders.
The fluctuation doesnt demonstrate any excitement. The substantial shareholders that sold the shares at 40, 30,20 15 cents, might be holding some shares still. They are still selling.
This would prevent any upward movement. New investors know the history. So no investors
look at the finances, something not right. and go visit their website, talk so much about IT but 0 screenshot of the software they are offering? you go microsoft or palantir or norton or any software company and you'll see screenshot of their software and how you can use it etc etc... arbb got 0 screenshot, just fancy images of people pointing here and there.
think about it.
like serba IT... also 0 screenshot of their software solution but every quarter says their IT making more and more money.
think again.... 0 screen shot of their software. even pirated bittorrent software also show their software screenshot
Haha, this boss very potent creating story. I saw the news just now arbb going to list in nasdaq!!! Pity investors, DON'T BE TRAPPED, they always tricks peoples by drawing big pictures, good report, huge contracts MoU, etc...this year Nasdaq listing pulak.
somehow I disagree to those who said arbb is empty shell la. They really have their system and software in market. Not only SME, some listed co is using it too.
The fluctuation doesnt demonstrate any excitement. The substantial shareholders that sold the shares at 40, 30,20 15 cents, might be holding some shares still. They are still selling.
This would prevent any upward movement. New investors know the history. So no investors
This ARBB.... u go compare ARBB solution site vs Willowgen and you tell me ARBB is legit?
Their solution page is so vague, like set up by a primary student, just explain things like what is IOT, what is digital signature.... all so basic like some template.
Willow got name for the products, ARBB got nothing...
According to feb17 announcement, liew subscribed 101.5mil (direct interest) and 88mil(indirect interest) right shares, many more than what he promised, 51mil. What does this mean?
I am sure Liew has confidence in the company and he has managed to buy so much on the cheap. No reason for the share price to remain at this level after the selloff by those who got them at 12 sen.
Karim from Serba also subscribed to the PP ( 3 times? ) and then bought more after the KPMG thing (limit down twice). Hard to know their move unless we are close to them.
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....
bosskufanboy
1,441 posts
Posted by bosskufanboy > 2022-02-21 14:10 | Report Abuse
peace99 is right, just passed 0.135