INDUSTRONICS BHD

KLSE (MYR): ITRONIC (9393)

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Last Price

0.03

Today's Change

0.00 (0.00%)

Day's Change

0.03 - 0.03

Trading Volume

573,800


2 people like this.

3,555 comment(s). Last comment by MZM2511 3 weeks ago

pretty_life

4,810 posts

Posted by pretty_life > 2020-08-21 10:56 | Report Abuse

I don’t know what TA... but I know it will shooting soon... let see how later... hahaha

BillyK

570 posts

Posted by BillyK > 2020-08-23 09:57 | Report Abuse

just goring

wickedlion

893 posts

Posted by wickedlion > 2020-08-23 10:01 | Report Abuse

anchovies got fry fry

kyosan

786 posts

Posted by kyosan > 2020-08-24 11:55 | Report Abuse

hi guys.... buy and hold...please accumulate it more...

king668

117 posts

Posted by king668 > 2020-08-24 13:51 | Report Abuse

Anyone know today egm got any good news or not?

Posted by buffychunky > 2020-08-24 16:10 | Report Abuse

https://www.theedgemarkets.com/article/chinas-zodiac-invest-rm15b-malaysia-develop-5g-chips research the link between Zodiac group chairman and this company

Posted by birkincollector > 2020-08-24 17:08 | Report Abuse

datuk chu boon tiong just got into itronics via private placement recently...he is the chairman of Zodiac

kyosan

786 posts

Posted by kyosan > 2020-08-24 17:09 | Report Abuse

ini macam value 1.5billlion... rm1.00 easily loorr this itronic~

Posted by birkincollector > 2020-08-25 06:13 | Report Abuse

Buy before zodiac and itonic announce any form of tie up

dompeilee

11,888 posts

Posted by dompeilee > 2020-08-25 10:35 | Report Abuse

dompeilee U don't even have any shares haha...Let others unload, I'm riding this wave to the very TOP =)
20/08/2020 7:45 AM

Zhun zhun as usual =))

king668

117 posts

Posted by king668 > 2020-08-26 15:23 | Report Abuse

wow apa sudah jadi hahah

king668

117 posts

Posted by king668 > 2020-08-26 15:53 | Report Abuse

this counter move up quietly and no one talk about it lol

Posted by keepercreeper > 2020-08-26 15:59 | Report Abuse

what happen here? fly for fun from 0.25 to.0.3+ ??? shark swiming chasing anchovies ?

Posted by keepercreeper > 2020-08-26 16:03 | Report Abuse

this counter sure get leter from bursa soon.. lol.. unusual activities from aliens

wickedlion

893 posts

Posted by wickedlion > 2020-08-26 17:57 | Report Abuse

this counter tends to move towards the last hours...hmmm

Posted by Softjamiela > 2020-08-27 22:52 | Report Abuse

Inch by inch, sen(s) by sen(s) moving higher and higher
The whole kampung will panic buy when price eases past .30

Posted by grand_arbiter > 2020-08-28 15:48 | Report Abuse

https://zodiachip.com/

Posted by grand_arbiter > 2020-08-28 15:49 | Report Abuse

The founding company of the Zodiac (China) Applied Science and Technology Research Centre (China) High-end Intelligent Manufacturing and Applied Science Investment Research Center (hereinafter referred to as the Research Center) is the Hong Kong Tesla Tesla Technology Holding Company , in August 2019 Formally stationed in Hong Kong Cyberport , it is a company specializing in technology financial holding. Its business focuses on Southeast Asia such as China, Taiwan, Malaysia, Indonesia, Thailand and the Philippines. It owns the controlling rights of Fujian Fuchen Technology Co., Ltd. in China .

wickedlion

893 posts

Posted by wickedlion > 2020-08-28 19:01 | Report Abuse

A little over 2m losses last q

BILLC

2,050 posts

Posted by BILLC > 2020-08-29 03:52 | Report Abuse

It’s a good sign,,,,gets pun suffered big losses then had a limit up,,,,,,

pretty_life

4,810 posts

Posted by pretty_life > 2020-09-01 15:44 | Report Abuse

Shooting star again... limit up soon... let sapu to sky... target 0.580

pretty_life

4,810 posts

Posted by pretty_life > 2020-09-01 15:47 | Report Abuse

Becareful ya... shoootting uppppp anytime... let it huat ar

zhm540

2,491 posts

Posted by zhm540 > 2020-09-01 15:50 | Report Abuse

if confirm that Zodiac will be partnering, then the sky is the limit....

Posted by grand_arbiter > 2020-09-01 15:59 | Report Abuse

i tp out first at 0.395. bye2 guys

HTCS

108 posts

Posted by HTCS > 2020-09-01 18:25 | Report Abuse

Track big funds flow to this company. standby for limit up.

jungleboy

1,042 posts

Posted by jungleboy > 2020-09-02 08:30 | Report Abuse

htcs..ur tp?

HTCS

108 posts

Posted by HTCS > 2020-09-02 18:52 | Report Abuse

The real Potential not yet tapped in. This is next big things going to happen 5G

Posted by lazaruths > 2020-09-03 19:31 | Report Abuse

what's going on today, drop till 0.325

Posted by Joyce Chew > 2020-09-04 09:07 | Report Abuse

0.5
stay tune

dompeilee

11,888 posts

Posted by dompeilee > 2020-09-04 16:14 | Report Abuse

dompeilee Bought Itronic @ 11c
05/08/2020 3:25 PM

SOLD 62% of my position @ 34.5c this morning.

Posted by grand_arbiter > 2020-09-04 16:33 | Report Abuse

im coming back in hihi

Posted by shinchan123 > 2020-09-04 16:54 | Report Abuse

technically sell signal! pls sell before its too late!

Posted by lazaruths > 2020-09-04 20:11 | Report Abuse

Joyce Chew > are you sure it can make 0.5?
they keep dumping the price for the past three days.
I lost -10.3%

Posted by Mandy888 > 2020-09-04 20:23 | Report Abuse

Collection time. Big fund flowing in.

Posted by shinchan123 > 2020-09-04 22:48 | Report Abuse

u guys are dumb. those 'buy call' guys are shark. askiing u to take over their expensive shares. if u believe them pls go ahead, i would rather take my money buy lottery

Posted by grand_arbiter > 2020-09-05 07:47 | Report Abuse

:D

mf

29,385 posts

Posted by mf > 2020-09-05 07:55 |

Post removed.Why?

Posted by takeprofitlah > 2020-09-05 12:06 | Report Abuse

this counter suka tipu orang punya. you sell when you see the sell signal and then suddenly price will go up like crazy. be very careful with this counter

Posted by grand_arbiter > 2020-09-05 20:26 | Report Abuse

it means someone are collecting hehe

Posted by Flyingwithwings > 2020-09-05 21:38 | Report Abuse

Any news on zodiac ?

zhm540

2,491 posts

Posted by zhm540 > 2020-09-07 09:47 | Report Abuse

buy and keep for long term... low NOSH... with good 5G business, it will fly... but now, sharks probably are swimming around...

speakup

27,190 posts

Posted by speakup > 2020-09-07 09:48 | Report Abuse

hidden gem!

foongchung

377 posts

Posted by foongchung > 2020-09-07 10:48 | Report Abuse

today will break 40 cents?

Posted by takeprofitlah > 2020-09-07 19:35 | Report Abuse

behold my friends. something good is coming. you can see how strong this counter today.

Posted by grand_arbiter > 2020-09-07 19:40 | Report Abuse

hehe lets wait if it come true

utopianz

25 posts

Posted by utopianz > 2020-09-10 13:15 | Report Abuse

this counter got potential, very strong momentum, just wait for it..

Posted by shinchan123 > 2020-09-10 16:30 | Report Abuse

shinchan123 u guys are dumb. those 'buy call' guys are shark. askiing u to take over their expensive shares. if u believe them pls go ahead, i would rather take my money buy lottery

04/09/2020 10:48 PM

Posted by Flyingwithwings > 2020-09-10 17:00 | Report Abuse

http://www.klsescreener.com/v2/announcements/view/3226341


1. INTRODUCTION

Pursuant to Paragraph 10.05 of the MAIN Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements”), the Board of Directors of ITRONIC wishes to announce that the Company had on 9 September 2020 entered into a Share Sale Agreement (“SSA”) with Mr. Pan Jiye (“the Purchaser”) for the disposal of 100% equity interests in Industronics (HK) Limited (“IBHK”) which comprises 1 ordinary shares of HKD1.00 per share (“IBHK Sale Shares”) to the Purchaser for a total cash consideration of HKD1.00 (“Consideration”) (hereinafter referred to as “Disposal”).

In consequence thereof, IBHK has ceased to be a subsidiary of the Company.


2. DETAILS OF THE DISPOSAL

2.1 Information of IBHK

IBHK was incorporated in Hong Kong on 7 March 2013 as a private limited company under the Companies Act. IBHK is principally engaged in the businesses of trading of watches.

The current authorised share capital of IBHK is HKD1.00 comprising 1 ordinary shares of HKD1.00 each. IBHK’s issued and paid-up share capital is 1 ordinary shares of HKD1.00 each.

Based on its audited financial statements for the financial year ended 31 December 2019, IBHK recorded a profit after taxation of HKD 2,980,292 with a net liabilities of HKD 43,370,927 and accumulated losses of HKD 43,370,928.


2.2 Basis and Justification for the Consideration

The Consideration of HKD1.00 is arrived at after taking into consideration the net liabilities of IBHK at 31 December 2019 of HKD 43,370,927 and the amount owing by IBHK to the Company of HKD 40,516,703 at 31 December 2019.


2.3 Information on the Purchaser

Mr. Panjiye, holder of passport number EG 9139748, is a citizen of the People’s Republic of China.


2.4 Liabilities to be assumed

Save for the liabilities stated in IBHK’s accounts, there are no other liabilities, including contingent liabilities and guarantees, to be assumed by the Purchaser pursuant to the Disposal.



3. RATIONALE FOR THE DISPOSAL

The Disposal is in line with the Group’s (i.e. the Company and its subsidiaries) overall objective to streamline its operations by disposing loss-making subsidiaries and to continuously attempt to enhance shareholders’ value.


4. FINANCIAL EFFECTS OF THE DISPOSAL

4.1 Share Capital and Shareholding Structure of the Substantial Shareholders

The Disposal will not have any effect on the issued and paid-up share capital and shareholding structure of the substantial shareholders of ITRONIC.

4.2 Earnings, Net Assets and Gearing

The Disposal will result in an estimated gain on disposal of RM1,868,839 (HKD 3,477,634) for the financial year ending 31 December 2020, after taking into consideration the net liabilities of IBHK.

5. APPROVAL OF SHAREHOLDERS

The Disposal does not require the approval of the Company’s shareholders as the highest percentage ratio pursuant to paragraph 10.02(g)(vi) of the Listing Requirements is 7.74%, based on the total assets of IBHK over the total assets of the Group.


6. INTEREST OF DIRECTORS, SUBSTANTIAL SHAREHOLDERS AND CONNECTED PERSONS

None of the directors and/or major shareholders of ITRONIC as well as persons connected with them have any interest, direct and/or indirect in the Disposal.


7. STATEMENT OF THE DIRECTORS

The Board of Directors of the Company is in the opinion that the Disposal is in the best interest of the Company and its shareholders.


8. DOCUMENT FOR INSPECTION

The SSA is available for inspection at the registered office of ITRONIC at No. 9A, Jalan Medan Tuanku, Medan Tuanku, 50300 Kuala Lumpur, Malaysia during normal business hours on Mondays to Fridays (except public holidays) for a duration of three (3) months from the date of the announcement.



This announcement is dated 9 September 2020.

Posted by Flyingwithwings > 2020-09-15 19:22 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/3226341

The Board of Directors of IB wishes to announce that the Company had on 15 September 2020 acquired a new wholly-owned subsidiary, namely All Best Group Limited [Company No.: 2942499] (“All Best”) for the purpose of operating E commerce business and target market is South East Asia.



All Best was incorporated in Hong Kong on 18 May 2020 under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) with an issued share capital of HKD1.00 divided into 1 ordinary share.



The Director of All Best is Mr. Khoo Hoi Hin, Hong Kong citizen.



The acquisition of All Best is not expected to have any material effect on the earnings or net assets of IB for the financial year ending 31 December 2020.



None of the directors or substantial shareholders of IB or persons connected to them have any interest, direct or indirect, in the acquisition of All Best, save except through IB.



This announcement is dated 15 September 2020.

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