On behalf of the Board of Directors of XOX, Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake a bonus issue of up to 1,336,281,385 free warrants in the Company (“Warrants C”) on the basis of 3 Warrants C for every 8 existing ordinary shares in the Company held by the entitled shareholders of the Company on an entitlement date to be determined and announced later ("Proposed Bonus Issue of Warrants").
Free 3 warrant C for 8 existing OR. Is that mean if you held 60000 units of mother then divide by 8 and multiply by 3? (60000 / 8) x 3 = 22500 Free warrant C... if does monday will breakout 0.130
for newbies out there, stay away from this counter and monitor the share price movement for 2 weeks and check this post if u want, u will see how many people try to send u in high floor condo
XOX signed an MOU with NETX. Congrats. All very nice but it can be terminated by either party. A good example is GPA where 4 subscription agreements were terminated just yesterday.
whats so difficult to buy low then sell high? You buy before the pump and then dump to people who chase high la? If you chased high, then be prepared to suffer total loss. Dont cry here cry there
xox bagi biz kepada netx, usah abaikan netx :) KUALA LUMPUR (Oct 9): NetX Holdings Bhd has proposed to supply up to 1,000 contactless payment terminals to facilitate cashless and e-wallet payment solutions via DGB Networks Sdn Bhd’s next-generation artificial intelligence vending machines.
The IT services provider told Bursa Malaysia that its subsidiary GEM Pay Sdn Bhd has entered into a collaboration agreement with DGB Networks for the venture.
DGB Networks is primarily involved in the business of parcel delivery and collection services for the electronic commerce sector and retail sale of any kind of product through vending machines.
NetX said the one-year agreement is expected to have a positive contribution to its earnings, net assets and gearing.
In a separate announcement, NetX said it is mulling a business arrangement to provide and rent to XOX Media Sdn Bhd of up to 1,000 contactless payment terminals and/or cashless e-wallet payment solutions to be incorporated into smart vending machines.
The group said it has signed a memorandum of understanding on this matter with XOX Media, which is wholly-owned by XOX Bhd.
XOX Media is primarily involved in the business of telecommunication products and services, mobile application services and e-wallet services. It has now further ventured into the business of smart vending machines.
NetX’s share price rose two sen or 10.34% to 16 sen today, bringing its market capitalisation to RM33.57 million.
GPA counter :- We refer to the earlier announcements in relation to the Proposals dated 1 September 2020, 8 September 2020 and 23 September 2020.
Reference is made to the 4 Subscription Agreements dated 1 September 2020 entered into between GPA and the Subscribers (Dato’ Eddie Ong, Ang Lin Chu, Lim Poh Yit and Dato’ Tee Tiam Hock) for the subscription of a total of 294,146,000 Placement Shares to be issued pursuant to the Proposed Private Placement.
On behalf of the Board, Mercury Securities wishes to announce that the Company and the Subscribers have mutually agreed to terminate the Subscription Agreements on 8 October 2020. Following the termination, the Subscription Agreements shall be terminated and rescinded and none of the parties shall have any further rights or obligations whatsoever under the Subscription Agreements save for the surviving provisions in Clause 16.3 of the Subscription Agreements and neither party to the Subscription Agreements shall have any claim whatsoever against the other.
I can see all this behind got a BIG TAIKO to operate the share for AT Systemization Bhd,MLabs Systems Bhd,Focus Dynamics Group Bhd,mTouche Technology Bhd,Fintec Global Bhd,XOX Bhd,M3Technologies(Asia)Bhd & NetX Holdings Bhd, can you check all this share non of the share price moving up above 30 to 50 cts accpet focus !!!
XOX Bhd has proposed to undertake a bonus issue of up to 1.34 billion free warrants on the basis of three warrants for every eight shares held on an entitlement date to be announced later. Assuming full exercise of 1.34 billion warrants at an illustrative exercise price of 16 sen, the company will raise gross proceeds of RM213.8 million. The proceeds arising from the exercise will be utilised for working capital, including defrayment of operational and administrative expenses.
Means new way to print money. Expect another round to fry. Gonna start with rumors first, then when exact news come out they will dump just like last Antchain news. Those buy at peak gonna be hurt same goes those greedy who already in profit position but expect price going up more. Only sharks able control the price. Once they leave, all huge volume gone. Now 3 billion ++ issued shares, later 4 billion ++ once warranty fully exercise.
Monday 12th October many panicked buyers at higher prices after ding dong 11 ct to 12 ct for 7 days. Continuously with rumours as how it started and buyers gamble until big U turned
I can say they are a money printing shop & like a genting 《Tiger machine》 to play around, the machine sound like ding ding ding the price up & down, everybody follow LAST LAST u died i died but Boss earn Huge money. This games is call XOX De Genting.
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Collin64
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Posted by Collin64 > 2020-10-09 19:20 | Report Abuse
Thanks chanph
On behalf of the Board of Directors of XOX, Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake a bonus issue of up to 1,336,281,385 free warrants in the Company (“Warrants C”) on the basis of 3 Warrants C for every 8 existing ordinary shares in the Company held by the entitled shareholders of the Company on an entitlement date to be determined and announced later ("Proposed Bonus Issue of Warrants").