Investor never complain if the price drop a little bit.. but for punters like Outsider, he will make a big deal out of it like what he did in dataprp... oh by the way, thank you for pushing it down for me to pick up some more yesterday... looking to sell my other stocks to grab more here.
I bought at 16s but I think it is impossible to buy at that price now... you can queue at 23s ...hopefully you will get it today. buy and and come back in a month time.
OTHERS INDUSTRONICS BERHAD (ITRONIC OR THE COMPANY) - MEMORANDUM OF UNDERSTANDING ("MOU") WITH BLUEMOUNT FINANCIAL GROUP LIMITED AND MR. LI HOK YIN INDUSTRONICS BERHAD Type Announcement Subject OTHERS Description INDUSTRONICS BERHAD (ITRONIC OR THE COMPANY) - MEMORANDUM OF UNDERSTANDING ("MOU") WITH BLUEMOUNT FINANCIAL GROUP LIMITED AND MR. LI HOK YIN 1. INTRODUCTION Pursuant to Chapter 9.29 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of ITRONIC wishes to announce that ITRONIC had entered into a non-binding Memorandum of Understanding (“MOU”) with Bluemount Financial Group Limited (“BLUEMOUNT”) and Mr. Li Hok Yin (“LHY”) on 23 March 2021 to further discuss and/or negotiate on the terms and conditions with regards to the proposed acquisition of shares in Bluemount for the purpose of venturing into the financial services industry, specifically exploring into the fintech industry. 2.DETAILS OF THE MOU 2.1 Information of ITRONIC ITRONIC was incorporated in Malaysia on 18 July 1975 and is principally engaged in the business of investment holding. The current issued share capital of ITRONIC is MYR8,574,905.00 divided into 166,752,574 ordinary shares. 2.2 Information of the BLUEMOUNT BLUEMOUNT was incorporated in Hong Kong on 2016 and is principally engaged in the business of financial services. The current issued share capital of BLUEMOUNT is HKD23,010,300.00. BLUEMOUNT recorded a profit of HKD3,294,411.23 on the back of HKD15,839,000 revenue in its latest audited Financial Statements for the year ended 31 March 2020.
Industronics signs MoU with Hong Kong’s Bluemount to venture into fintech Tan Siew Mung / theedgemarkets.com
March 23, 2021 14:30 pm +08 Industronics signs MoU with Hong Kong’s Bluemount to venture into fintech -A+A KUALA LUMPUR (March 23): Electronics company Industronics Bhd has entered into a non-binding memorandum of understanding (MoU) with Hong Kong's Bluemount Financial Group Ltd and its shareholder and director Li Hok Yin today to further discuss and negotiate the terms and conditions with regard to the proposed acquisition of Bluemount shares for the purpose of venturing into the financial services industry, specifically exploring the fintech industry.
Industronics said in a bourse filing that the MoU shall be valid and remain in effect for a period of one year from the date of the MoU.
According to Industronics, Bluemount was incorporated in Hong Kong in 2016 and is principally engaged in the business of financial services. It recorded a profit of HK$3.29 million on the back of HK$15.84 million revenue in its latest audited financial statements for the year ended March 31, 2020.
“The effects of the collaboration will only be determined upon the finalisation of terms of any collaboration agreement(s). Should any collaboration agreement materialise, it is expected to contribute positively to the future earnings of the group,” it said.
It also said the board of directors of the company is of the opinion that the MoU is in the best interest of the company and its shareholders.
At noon break, Industronics shares were three sen or 7.89% higher at 41 sen, valuing the group at RM71.7 million. Industronics与港蓝山金融签MoU 进军金融科技领域 TheEdge Tue, Mar 23, 2021 03:03pm - 52 minutes ago
(吉隆坡23日讯)电子公司Industronics Bhd已与香港蓝山金融集团有限公司(Bluemount Financial Group Ltd)及其股东兼董事李学贤签署一项不具约束力的谅解备忘录(MoU),进一步商讨收购蓝山金融股票的条款与条件,以进军金融服务领域,尤其是探索金融科技业。
Industronics looks at buying into HK fintech firm TheStar Wed, Mar 24, 2021 09:20am - 2 minutes ago
Industronics factory
KUALA LUMPUR: Industronics Bhd has signed a memorandum of understanding (MoU) for the proposed acquisition of a stake in Hong Kong’s Bluemont.
Industronics said in a statement that it entered the MoU with Bluemont and Li Hok Yin, a shareholder of the company, to discuss the details of the proposed acquisition.
Bluemont was founded in 2016 with a current issued share capital of HK$23mil (RM12.2mil).
According to the statement, Bluemont offers comprehensive financial services with securities brokerage, asset management, credit services, capital financing and commodities.
“We are extremely delighted to have this opportunity to acquire a stake in Bluemont. We see it as a very strategic addition to Industronics.
“As a licensed entity, Bluemont has access to the attractive securities, asset management and money lending businesses in Hong Kong, ” said Industronics general manager Lee Chee Cheng.
Lee said the assimilation of Bluemount’s expertise could pivot the group towards the fintech segment.
“We have strong conviction that the future of finance is technology-driven and as such, fintech is definitely the direction that we are pursuing, moving forward, and we see ourselves playing a key role in the revolution of financial services industry, ” he added.
Meanwhile, Bluemount has an e-commerce plaform, ECHK Mall, which offers synergies with Industronics’ own e-commerce business.
According to Lee, Bluemount could be considering options to go public by listing on a South-East Asian market in the near to mid term.
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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....
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Posted by xuxu > 2021-03-22 17:05 | Report Abuse
who knows up or down ? Buy if you think still worth it, must with tactics