Reply to Query Reference is made to the letter dated 17 March 2017 (IQL-17032017-00002) from Bursa Malaysia Securities Berhad (“Bursa Securities”) regarding the surge in the price of Dataprep Holdings Bhd (“Dataprep”)’s shares (“trading activity”).
The Board of Directors of Dataprep wishes to inform that to the best of their knowledge and after due enquiry on the matter with its Directors and major shareholders, Dataprep is not aware of any of the following that may have contributed to the unusual market activity:-
Any corporate development relating to Dataprep Group’s business and affairs that has not been previously announced that may account for the trading activity, including those in the stage of negotiation / discussion. Any rumour or report concerning the business and affairs of Dataprep Group that may account for the trading activity. Any other possible explanation to account for the trading activity. Any material information that requires immediate disclosure in accordance with Paragraph 9.03 of the Listing Requirements. The Company is in compliance with Bursa Securities Listing Requirements, in particular Paragraph 9.03 of The Main Market Listing Requirements on immediate disclosure obligations.
Dataprep is Projects Delivery Partner for VXL Group whom holding 60% of Dataprep. And the owner of VXL Group is Dato Lim Chee Wah the 3rd son of Genting Group deceased Dato Lim Goh Tong.
The Genting Group and VXL and Dataprep are developing the Genting Secret Garden Ski Resort in China Zhiangjiakou for the coming 2022 Winter Olympic.
Dataprep unaware of reason for unusual market activity
KUALA LUMPUR (March 17): Dataprep Holdings Bhd, whose share price jumped 61.11% today, said it is not aware of the reasons behind the surge.
The company said this in a filing today, in response to Bursa Malaysia's unusual market activity query.
The stock leapt 16.5 sen to close at 43.5 sen. It saw 173.17 million shares traded, way above its 200-day average of 1.02 million shares.
This is the second time Dataprep has been queried by Bursa this year. Its share price surged 57.14% to 22 sen in four trading days from Jan 4 to Jan 9, to which the company similarly said it was unaware of the price jump.
Dataprep was not immediately available for comment when contacted by theedgemarkets.com.
SJ Securities Sdn Bhd senior remisier KC Goh said institutional buying contributed to Dataprep's strong gains today.
"Technically, institutional buying constituted to 53% of the buying, which can explain why the counter is so strong today," Goh said.
"For the last 13 days, funds have been on net buying except for two days of profit-taking in between. It is also trading above 360-day moving average lines, meaning long-term funds may be back to the counter," he told theedgemarkets.com.
Dataprep has recorded consecutive quarterly losses since 3QFY16. On an annual basis, the company has been loss-making since FY08.
The IT company has prominent businessman Datuk Lim Chee Wah among its directors. Dataprep is the only listed company controlled by Lim, who recently upped his indirect stake — via VXL Holdings Sdn Bhd — from 53.09% in 2014 to 64.2%.
Lim's VXL Group is the major investor for the US$2.9 billion (RM13 billion) Genting Secret Garden holiday and skiing resort in Zhangjiakou city in Hebei province, which doubles as the venue for Beijing Winter Olympics 2022.
Dataprep was in turn appointed as the ICT project delivery partner for Secret Garden — the largest skiing project in China — back in February 2012.
"So, now I need you to look at this company in detailed and carefully. This company is called Rex Industry Berhad (Rex - 9946)
On the 7th February 2017, Rex received a take over offer from the MD and the major shareholder, both joint as the Person Acting in Concert, for a price of RM 1.65 a share. According to the prospectus of the take over offer, there is no intention of delisting the company.
If you are sensitive enough, the movement of the share price had indeed reflected on a certain corporate development since March 2015, where a significant amount of volume is recorded at the transacted range of RM 1.60. Now that the game is revealed, Rex is offered a take over price of RM 1.65.
If the above 3 real life example is speaking to you straight to your heart, then you will know that Rex is going to boom towards RM 3.30 in the coming days. Yea, I am not joking, it is RM 3.30 and you can mark my word for this."
It's about time. Patient will pay off. Once in ur life time from ICT company expand to gaming & Entertainment and property development industry.. HTT Dataprp.. TP 0.80
Mr Bone has a point in his write up.This Secret Garden Resort is strongly promoted by our PM.Eventually Dataprep ,being the only listed company controlled by Dato Lim Chee Wah in Malaysia will benefit from this project in certain way
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....
Mohd Fahmi Bin Jaes
28,704 posts
Posted by Mohd Fahmi Bin Jaes > 2017-03-18 01:45 | Report Abuse
Reply to Query Reference is made to the letter dated 17 March 2017 (IQL-17032017-00002) from Bursa Malaysia Securities Berhad (“Bursa Securities”) regarding the surge in the price of Dataprep Holdings Bhd (“Dataprep”)’s shares (“trading activity”).
The Board of Directors of Dataprep wishes to inform that to the best of their knowledge and after due enquiry on the matter with its Directors and major shareholders, Dataprep is not aware of any of the following that may have contributed to the unusual market activity:-
Any corporate development relating to Dataprep Group’s business and affairs that has not been previously announced that may account for the trading activity, including those in the stage of negotiation / discussion.
Any rumour or report concerning the business and affairs of Dataprep Group that may account for the trading activity.
Any other possible explanation to account for the trading activity.
Any material information that requires immediate disclosure in accordance with Paragraph 9.03 of the Listing Requirements.
The Company is in compliance with Bursa Securities Listing Requirements, in particular Paragraph 9.03 of The Main Market Listing Requirements on immediate disclosure obligations.
This announcement is dated 17 March 2017.