U should copy paste together 2017 2018 2019 MOU.. until today still in development.. potential project banyak la bang.... if u add up all their project pipeline together fulamak can at least ma worth top 10 in malaysia... plus ant listing coming soon sure all IB invest one la..
anyone has estimated profit yearly from this venture?KUALA LUMPUR: XOX Bhd, which holds an e-wallet licence (XOX eWallet), will provide micro-financing to the tune of RM1 billion to its 2.2 million subscribers.
The company's subsidiary XOX Media Sdn Bhd has inked a partnership agreement with Wetek Technology (M) Sdn Bhd for the prospect.
In a statement today, XOX said the service would be extended to individuals and small businesses who lack access to conventional banking and related services by populating its eWallet for usage in XOX Digital Marketplace.
"We believe this partnership will provide a vital component in the XOX eWallet ecology enabling subscribers to participate in the new normal of touchless and online economy. XOX is committed to promoting digitisation among subscribers to enhance auto top-up, Fintech, entrepreneurship and eCommerce,"it said.
XOX said in the future, the company, together with Wetek, planned to launch the micro-financing services to all Malaysians.
Its chief executive officer (CEO) Ng Kok Hen told the New Straits Times when contacted, that once the RM1 billion micro-financing was fully taken up, XOX and Wetek might issue a second tranche of financing.
"We will definitely look at a second tranche as many individuals and small businesses require urgent funding," he said.
Wetek director Howard Leung Hao, who is also chairman and CEO of Brilliant (Hong Kong) Holdings Ltd, said the company formed a partnership with XOX to ride on the latter's strong subscriber base.
"Apart from over 2.2 million subscribers, XOX has strong infrastructure in its dealership channels and technology to grow the relatively unserved market in Malaysia. This is a huge opportunity for Wetek to grow in this business," he said.
Globally, the microfinance industry had serviced 139.9 million borrowers in 2018, with 65 per cent of microfinance borrowers living in rural areas where traditional banking and lending is difficult or impossible.
Leung Hao said, according to Microfinance Barometer 2019, the industry had been growing at an annual rate of 11.5 per cent over the past few years and was projected to reach US$146.8 billion by 2021.
"Micro financing is a good strategy to populate eWallet with funds especially in the challenging environment of eWallet adoption nationwide. Once eWallet subscribers have money in the ewallet, they can perform transactions through XOX Digital ecology," he said.
Leung said Wetek wanted to be the market leader of micro-financing in Southeast Asia.
The other director of Wetek is Liang Zeng, who is an internet entrepreneur and venture capitalist.
Liang Zeng invests and incubates the companies in digital marketing, artificial intelligence and enterprise services. He has held senior positions as senior vice-president (VP) of Kingdee International Software Group, VP of Microsoft Greater China, and most recently, VP of Baidu Inc. and chief executive officer of Baidu Nuomi.
the ultimate shareholder of xox could be a hongkong company or person :) KUALA LUMPUR (Oct 5): XOX Bhd has emerged as a new substantial shareholder of ACE Market-listed Macpie Bhd, after acquiring a 5.66% stake or 20 million shares in the group in the open market on Friday (Oct 2).
In a filing with Bursa Malaysia today, XOX said it now indirectly owns 9.16% or 32.36 million shares in Macpie, through its Hong Kong-based subsidiary XOX (Hong Kong) Ltd.
Macpie, which has been in the red since 2014, is involved in retail and distribution management, as well as event management.
The group saw its net loss widen to RM8.14 million for the financial year ended June 30, 2020 (FY20), from RM2.77 million in FY19, as revenue fell 24.1% to RM64.93 million from RM85.6 million.
The larger net loss was mainly due to losses at the event management segment and higher impairment losses due to the adverse impact from the Covid-19 pandemic.
Shares of Macpie closed at 49.5 sen today, for a market capitalisation of RM178.88 million.
The counter, which was trading as low as 10 sen at the beginning of August this year, rose thereafter to reach a near 10-year high of 57 sen on Sept 22.
XOX’s shares closed unchanged at 12 sen today, valuing the company at RM386.26 million. Some 173.27 million shares were done, making it the third most actively-traded stock on Bursa Malaysia today.
likely that the ultimate largest shareholder is hongkis :) Notice of Interest Sub. S-hldr (Section 137 of CA 2016) MACPIE BERHAD Particulars of Substantial Securities Holder Name XOX (HONG KONG) LIMITED Address 6/F., CNT Commercial Building No. 302 Queen's Road Central Hong Kong. Company No. 2958959 Nationality/Country of incorporation Hong Kong Descriptions (Class) Ordinary Shares Name of registered holder XOX (Hong Kong) Limited Address of registered holder 6/F., CNT Commercial Building, No. 302 Queen's Road Central, Hong Kong Date interest acquired
if ultimate controlling shareholder is hongkong group, probably no issue with funding even venture into digital banking , they have the connection in china usually :)
GOOD123...he is a scam and con. He did that in few forums guving fake news and painting rosy pictures when the goreng is at the tail end. The most recent one was at green packet...
He kep asking people hold hold dun sell and keep copy and paste old news for pages...everyday keep repeating the wamenold positive goreng news...
When the price die down he will disapear. Ans he is very thick skin type no matter what u said or conplain he will keep going on...
It looks like bad omen when this guy Good123 appear. When he is active promoting in that particular counter it looks like the counter will be in deep shit. Looks at his active promoting comment in netx and greenpacket previously.... all end up habis cerita..
GOOD123...he is a scam and con. He did that in few forums guving fake news and painting rosy pictures when the goreng is at the tail end. The most recent one was at green packet...
He kep asking people hold hold dun sell and keep copy and paste old news for pages...everyday keep repeating the wamenold positive goreng news...
When the price die down he will disapear. Ans he is very thick skin type no matter what u said or conplain he will keep going on...
No more throwing, ikan bilis all dead, shark swallowed and it appears going to hunt big catch in deep sea. Acid test, if cleared the road block no chance to buy 1 ct, watch carefully how sharks moving in deep sea?
GOOD123...he is a scam and con. He did that in few forums guving fake news and painting rosy pictures when the goreng is at the tail end. The most recent one was at green packet...
He kep asking people hold hold dun sell and keep copy and paste old news for pages...everyday keep repeating the wamenold positive goreng news...
When the price die down he will disapear. Ans he is very thick skin type no matter what u said or conplain he will keep going on...
Those who sold and never buy back are total loss. Will looser come back again when lifted up? Chances is yes, we are used to gam we are used to gamble though knowing it's goreng tanpa minyak, just like genting casino come back again after loosing money human weakness is always there
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Posted by Daniel Tan > 2020-10-05 23:46 | Report Abuse
Tomorrow down expect more bloodshed...