OTHERS XOX BHD - PARTNERSHIP AGREEMENT WITH WETEK TECHNOLOGY (M) SDN BHD XOX BHD
Type Announcement Subject OTHERS Description XOX BHD - PARTNERSHIP AGREEMENT WITH WETEK TECHNOLOGY (M) SDN BHD The Board of Directors (“Board”) of XOX Bhd (“XOX” or the “Company”) wishes to inform that XOX Media Sdn Bhd, a wholly-owned subsidiary of the Company, had on 16 July 2020 entered into a 40/60 profit sharing on financing Partnership Agreement (“Agreement”) with Wetek Technology (M) Sdn Bhd (“WTSB”) for the proposed collaboration to offer micro-financing facilities to XOX’s subscribers and general public to enhance the adoption of e-Wallet and ultimately give impoverised people an opportunity to become self-sufficient (“Collaboration”).
WTSB was incorporated in Malaysia as a private limited company which primarily involved in the business of information technology service activities.
Pursuant to the Agreement, XOX will provide the e-Wallet platform to facilitate and enhance the adoption of e-Wallet by the subscribers by using the micro-financing facilities from WTSB. Whereas, WTSB will provide the financing of approximately RM1 billion and credit rating algorithm facilities to XOX’s subscribers and general public.
The Agreement shall commence on 16 July 2020 and shall remain to be valid for a period of 1 year from the date hereof, and may be further extended by mutual agreement in writing of by WTSB and XOX Media (collectively as “Parties”). The Agreement shall be terminated by a notice in writing by any party for whatever reason governing the terms and conditions of this Agreement.
The Agreement will not have any effects on the share capital and shareholding structure of the Company and is not expected to have any material immediate effect on the earnings per share, net assets per share and gearing of XOX for the financial year ending 30 September 2020.
Similar to all business entities, the risk factors affecting the execution of the Agreement, including but not limited to business risks such as prudent financial management, changes in political, economic and regulatory conditions. However, the Board will continue to exercise due care in considering the risks associated with the Agreement and will take appropriate measures in planning the successful execution of the Agreement.
The Agreement being incurred in the ordinary course of business, is not subject to the approval of the shareholders.
None of the Directors and/or other major shareholders of the Company and/ or any persons connected to them have any interest, direct or indirect, in relation to the Agreement.
The Board, after due consideration, is of the opinion that the Agreement is in the best interest of the Group.
after many financial restructuring, etc, financial position is solid again.XOX BHD
(Company Registration No.: 900384-X)
(Incorporated in Malaysia under the Companies Act, 1965)
QUARTERLY REPORT ON CONSOLIDATED RESULTS FOR THE
THIRD QUARTER ENDED 30 JUNE 2020
7
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW Preceding Year
Cumulative Quarter Corresponding
Description Ended Quarter Ended
30 June 2020 30 June 2019
RM’000 RM’000
CASH FLOWS FOR OPERATING ACTIVITIES
Loss before taxation (15,061) N/A
Adjustments for:
Depreciation of plant and equipment 7,459 N/A
Amortisation of intangible assets 2,958 N/A
Amortisation of right-to-use-assets 2,411 N/A
Gain on disposal of plant
where got fair or reasonable price in penny stock one.... somemore ace market. U only play with their goreng. Either u profit from their own goreng or u lose from their dump. FA, TA, News are all bs la. lol actually quite funny when u compare with gpacket... u know gpacket popular what or not. haha
When price drop it is baits , when price up also baits. Who is selling ? if it is not retailers itself. Who is buying lower and sell ever lower later , aslo retailers..
KUALA LUMPUR (Sept 28): XOX Bhd is keen to develop customised solutions on its TraX platform for the pharmaceutical sector, following the roll out of the platform for the food industry.
Chief executive officer Ng Kok Heng said TraX is a web and mobile application platform developed by XOX and powered by AntChain’s Traceability-as-a-Service (TaaS), a blockchain-based traceability solution combined with Internet of Things technologies to enable trust, increase efficiency and provide end-to-end transparency on information along the supply chain.
AntChain is a blockchain business of Alibaba’s payment arm Ant Group.
Ng said TraX is able to provide scalable and cost-efficient solutions for the small and medium enterprise (SME) sector to achieve greater product traceability and information transparency on a supply chain, thus prevent fraud and protect product authentication.
“XOX is talking with many potential partners in the industry keen to adopt TraX,” he told a media conference here today.
Earlier, Ng said a Chinese restaurant chain under Oversea Enterprise Bhd has adopted TraX to further enhance food traceability and safety.
Oversea Enterprise is the first local SME to adopt AntChain TaaS in Southeast Asia.
AntChain head of international business Kenny Tan said AntChain has pioneered over 50 blockchain commercial applications and use cases since its inception in 2016.
“Together with local partners such as XOX, we look forward to bringing these blockchain innovations to Southeast Asia to accelerate the digital transformation of SMEs in a data-driven world,” Tan said.
XOX and AntChain also plan to introduce Creator ID, built on AntChain Digital Asset solution to enable digitisation of real assets such as copyright and cultural art on blockchain.
oversea, still above 60sen :) Changes in Sub. S-hldr's Int (Section 138 of CA 2016) XOX BHD
Particulars of substantial Securities Holder Name DATUK CHAI WOON CHET Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 01 Oct 2020 30,000,000 Acquired Direct Interest Name of registered holder Datuk Chai Woon Chet Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Acquired of shares Nature of interest Direct Interest Direct (units) 182,833,400 Direct (%) 5.96 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 182,833,400 Date of notice 01 Oct 2020 Date notice received by Listed Issuer 01 Oct 2020
Announcement Info Company Name XOX BHD Stock Name XOX Date Announced 01 Oct 2020 Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016 Reference Number CS2-27082020-00134
XOX Shareholding Changes Date of change Shares Director/ Substantial Shareholder 01 Oct 2020 Acquired 30,000,000 Datuk Chai Woon Chet 27 Aug 2020 Acquired 30,000,000 Datuk Chai Woon Chet 12 Aug 2020 Acquired 3,000,000 Mr Tam Ping Kuen, Daniel 12 Aug 2020 Acquired 3,000,000 Datuk Chai Woon Chet 11 Aug 2020 Acquired 10,000,000 Mr Tam Ping Kuen, Daniel 10 Aug 2020 Acquired 7,000,000 Datuk Chai Woon Chet 07 Aug 2020 Acquired 4,100,000 Datuk Chai Woon Chet 07 Aug 2020 Acquired 30,000,000 Mr Tam Ping Kuen, Daniel 28 Jul 2020 Other 248,600,000 Key Alliance Group Berhad 23 Jul 2020 Acquired 20,000,000 Mr Tam Ping Kuen, Daniel
KUALA LUMPUR (July 27): XOX Media Sdn Bhd has teamed up with a Shanghai-based venture capital and advisory firm to form a partnership with a fifth generation (5G) technology provider in China.
The group today signed a heads of agreement with Jiangsu Sulian Asset Management Co Ltd to link up with an undisclosed Chinese telecommunication firm, to explore a regional 5G mobile network deployment.
The agreement will give Jiangsu Sulian a 10% free carry on profitability from any eventual partnership signed with the Chinese firm, XOX said in a statement today.
Sponsored Content

Bulls, bears and dolphins
Equity investors are familiar with the age-old strategy of “buy low, sell high”. But what can you do in a range-bound market? One can look at the equity markets and observe that stocks in general are performing like a pod of dolphins swimming in the open sea. Certain dolphins will leap out of the water and dive back down shortly, while others barely breach the surface.
READ MORE
“This non-circumvention agreement is designed to secure the introducing party's interest in the 5G project, so that more concrete discussions can take place,” it added.
According to XOX, the group’s local footprint of 2.2 million subscribers and its plans to venture into the regional mobile virtual network operator (MVNO) arena with their One E-Sim deployment represents an interesting proposition for Chinese investors, to capture the regional 5G mobile network market.
While the Chinese form remains unidentified, an indication by Jiangsu Sulian has narrowed the list to one of the top three players in China, namely China Mobile, China Telecom and China Unicom, it added.
On Saturday (July 25), Deputy Communications and Multimedia Minister Datuk Zahidi Zainul Abidin said the government was still discussing whether to allocate the 700MHz spectrum to a consortium or directly to individual licensees.
He said the 700MHz frequency band will be prioritised to telecommunication companies with existing subscribers and that the decision will be announced “as soon as possible, because the spectrum band is important to maximise usage nationwide”.
Shares of XOX settled 6.5 sen or 36.11% higher at 24.5 sen today, with 1.48 billion units done. This values the firm at RM417.25 million.
xox, dispose to Alibaba is better :) KUALA LUMPUR (Sept 28): XOX Bhd is keen to develop customised solutions on its TraX platform for the pharmaceutical sector, following the roll out of the platform for the food industry.
Chief executive officer Ng Kok Heng said TraX is a web and mobile application platform developed by XOX and powered by AntChain’s Traceability-as-a-Service (TaaS), a blockchain-based traceability solution combined with Internet of Things technologies to enable trust, increase efficiency and provide end-to-end transparency on information along the supply chain.
AntChain is a blockchain business of Alibaba’s payment arm Ant Group.
oversea is another joke. told us that will go up. then now suddenly stuck. tats y u see him always eat alone or eat with ah moi. no more friends wanna stay near him
Awards Edit XOX MOBILE has won several awards including:
The ‘BrandLaureate Master Class’s Award 2013 Emerging Telco of the Year’.[17] The BrandLaureate President's Award 2016 Innovation for Mobile Network Operator – XOX MOBILE Season Pass.[11] Master Class Awards: Emerging Telco Of The Year Best MVNO of the Year, Mobile Business Excellence Award 2018.[18] Best Package of Business, Mobile Business Excellence Award 2018.[19]
@sinkalanNo1 don buy liao la.. your so called friend con you one la.. Later at 10sen also you buy it will go down one. You know the boss for what, kenal con also la..
@sinkalanNo1 is a typical sinkalan that might be sent out here to act as the cybertrooper, later when the counter drop, he will gone disappear again, just like many others here.
Those who spread fake news don't scare karma one meh? Some old aunties really used coffin money to buy and got trapped esp during such stressful situation. May karma fall on your family member. Same goes to those sharks
"The board (of Key Alliance) is reaffirming its commitment as a strategic partner to XOX by moving to be the largest shareholder, in order to continue developing a collaborative and complementary platform for the growth of digital economy businesses, as well as cloud computing and archival requirements.
"The financial impact of the conversion can only be determined after the shares are subsequently realised in the market. However, the shares are marked to market on a quarterly basis for reporting purposes. The potential impact judging by the current share price will reflect fair value gain which will affect the quarterly result positively," Key Alliance said.
XOX made crucial announcements today and in recent days.
Today, the company said its latest issued share capital has expanded to 2.06 billion ordinary shares following the conversion of 358.43 million ICPS.
On July 16, XOX said its wholly-owned subsidiary XOX Media Sdn Bhd and Wetek Technology (M) Sdn Bhd (WTSB) had on that day entered into a 40/60 profit sharing partnership to offer micro-financing facilities to XOX’s subscribers and the general public to enhance the adoption of electronic-wallet (e-wallet).
"Pursuant to the agreement, XOX will provide the e-wallet platform to facilitate and enhance the adoption of e-wallet by the subscribers by using the micro-financing facilities from WTSB. Whereas, WTSB will provide the financing of approximately RM1 billion and credit rating algorithm facilities to XOX’s subscribers and (the) general public," XOX said.
On Wednesday (July 22), XOX said Hong Kong national Daniel Tam Ping Kuen had on that day become a substantial shareholder in the company after he acquired 120 million XOX shares or a 7.05% stake in the company via private placement.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 723 views | 4 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 14132 views | 12 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Vodka
77 posts
Posted by Vodka > 2020-10-05 11:32 | Report Abuse
They didnt spend time to read and even research what is blockchain.. i guess majority only read the word Ant.. lol too bad