XOX Bhd is a Malaysia based company involved in telecom business sector. The company is an investment holding company. The product line of this company includes onemusic, season pass, onexox, and voopee. It has branches and service center’s located throughout Peninsular Malaysia and East Malaysia. The ONEXOX plan offers fourth-generation (4G) prepaid Internet service in Australia, Canada, China, Hong Kong, Indonesia, Singapore, Taiwan, Thailand, the United Kingdom and the United States.
ASTUTE market observers would have noticed on the local bourse a group of individuals, supposedly acting in concert, who have amassed shares in more than 20 publicly traded companies. These companies — linked via shareholding and directorships — are often on the most actively traded list, with huge, fluctuating share prices.
“It (the companies) is all linked to the same person; usually, the most actively traded list on a daily basis involves these counters,” one source says when asked which are the companies that are linked.
However, research by The Edge (see chart on the 21 companies) indicates that while other businessmen have surfaced, the individual said to be in control of the group of companies is not officially onboard or present as a shareholder.
“This [his not surfacing] could be due to several issues,” another source adds.
It is also telling that nine of the 21 companies mentioned — AT Systemization Bhd, MLabs Systems Bhd, Focus Dynamics Group Bhd, mTouche Technology Bhd, Fintec Global Bhd, XOX Bhd, M3Technologies (Asia) Bhd and NetX Holdings Bhd — have their principal place of business, head office, business office or corporate office in Menara Lien Hoe, near Tropicana Golf Country Resort in Petaling Jaya. On its website, Lambo Group Bhd states that its address is at Menara Lien Hoe, even though the address in its annual report is in Old Klang Road in Kuala Lumpur.
kavidharan89 haloo..U never fail even a single day to make fun of people here..I wonder what u get from all this..hahaha 08/12/2020 6:30 PM
Not purposely make fun okay. Why are you happy to be one of XOX 'inbestor'. Kah kah kah
Victor Yong Forgive him, he was just released from tanjung rambutan hahaha
@kavidharan89 haloo..U never fail even a single day to make fun of people here..I wonder what u get from all this..hahaha 08/12/2020 6:30 PM 08/12/2020 6:33 PM
Who release from Tanjung Rambutan, you or me? You are the crazy one wanna con others. Don't scare karma hit you back? Everyday spams with fake news unrelated news old news just to lure newbies jump into XOX.
Type of Meeting Extraordinary Indicator Notice of Meeting Description Notice of Extraordinary General Meeting ("EGM")
The EGM will be conducted fully virtual at the Broadcast Venue, the members are advised to refer to the Administrative Guide on the registration and voting process for the said meeting. Date of Meeting 10 Dec 2020 Time 11:00 AM
All these will lead to digital bank licence application in conjunction with ant group later kut :)
£££&&&&&& for remembrance, recent news
Wetek Technology (M) Sdn Bhd (Wetek) plans to ride on its money-lending licence in Malaysia to tap the huge potential for micro-financing in Southeast Asia.
The company is looking to provide micro-financing in partnership with XOX Bhd (XOX) to entrepreneurs and small business owners in Southeast Asia in the amount of RM2 billion, reported the New Straits Times (NST) today.
Wetek already has an existing partnership in place with XOX. Last week Wetek signed an agreement with XOX to ride on the latter’s e-wallet licence, and provide micro-financing in the amount of RM1 billion to XOX’s 2.2 million subscribers in Malaysia.
In a statement, Wetek Director Howard Leung Hao said the company is expanding its micro-financing venture to become a market leader in the Southeast Asian region.
He said globally, the microfinance industry had serviced 139.9 million borrowers in 2018, and 65 per cent of microfinance borrowers live in rural areas where traditional banking and lending is difficult or impossible.
Wetek Director, Howard Leung According to Microfinance Barometer 2019, this industry has been growing at an annual rate of 11.5 per cent over the past few years and projected to reach US$146.8 billion by 2021.
The NST quoted Leung Hao who said that since the announcement last week on the RM1 billion micro-financing venture, both Wetek and XOX have received a number of enquiries from existing XOX subscribers and small business owners about their micro-financing plan.
On why Wetek wants to expand in Southeast Asia, Leung Hao said the market is hugely under served in the region.
He said there are a lot of small business owners who require funding to keep their business afloat and with the Covid-19 pandemic, more and more businesses are finding it harder to obtain loans from banks.
Wetek Director,Liang Zeng According to the article, the two existing directors of Wetek – Leung Hao and Liang Zeng – have been providing micro-financing in China and Hong Kong for over 10 years.
They have been doing this together with their local partners in China and Hong Kong and they have been very successful.
Both Leung Hao and Liang Zeng have strong credentials and are well known in the market in China and Hong Kong.
Leung Hao is the chairman and chief executive officer (CEO) of Brilliant (Hong Kong) Holdings Ltd and Liang Zeng is an internet entrepreneur and venture capitalist.
In Malaysia, Wetek and XOX are targeting entrepreneurs and small business owners in rural and non-rural areas, who are existing customers of XOX.
Hopefully the current RM1 billion is fully taken up as both Wetek and XOX are already gearing up to launch a second tranche.
Leung Hao said in the NST article that for the micro-financing business in Southeast Asia and Malaysia, they will tap into their coffers or issue shares in the company to fund the business and expand.
Meanwhile, XOX’s subscribers is also said to be growing on a day-to-day basis and it could exceed four million by the end of this year.
The company has undertaken several initiatives and invested a huge sum to grow its subscriber base and attract new customers.
Elon Musk's electric-car company said on Tuesday that it has signed up 10 banks to sell its common shares "from time to time" in an "at-the-market" or follow-on offering.
Wetek aims for RM2bil funding for business owners in Southeast Asia By Sharen Kaur July 22, 2020 @ 4:10pm
Wetek director Howard Leung Hao said the company was expanding its micro-financing venture to become a market leader in the region.
Wetek director Howard Leung Hao said the company was expanding its micro-financing venture to become a market leader in the region. KUALA LUMPUR: Wetek Technology (M) Sdn Bhd, which has a money-lending licence for micro-financing in Malaysia, aims to provide about RM2 billion financing to entrepreneurs and small business owners in Southeast Asia.
Its director Howard Leung Hao said the company was expanding its micro-financing venture to become a market leader in the region.
Last week, Wetek signed an agreement with XOX Bhd, which has an e-wallet licence, to provide up to RM1 billion micro-financing to the latter's 2.2 million subscribers in Malaysia.
BRIEF-Xox Bhd Says Unit Entered Into 40/60 Profit Sharing On Financing Partnership Agreement With Wetek Technology July 16 (Reuters) - XOX Bhd XOXB.KL : * UNIT ENTERED INTO 40/60 PROFIT SHARING ON FINANCING PARTNERSHIP AGREEMENT WITH WETEK TECHNOLOGY SDN * AGREEMENT FOR PROPOSED COLLABORATION TO OFFER MICRO-FINANCING FACILITIES TO XOX'S SUBSCRIBERS AND GENERAL PUBLIC
Source text for Eikon: urn:newsml:reuters.com:*:nKLS82P6Lr Further company coverage: XOXB.KL
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.
PRESS RELEASE For Immediate Release XOX and Wetek signed partnership agreement to provide micro financing to Malaysians. XOX Media Sdn. Bhd., a wholly owned subsidiary of XOX Berhad today signed a Partnership Agreement with Wetek Technology (M) Sdn Bhd to provide micro financing services to its 2.2million subscribers. This service will be extended to individuals and small businesses who lack access to conventional banking and related services by populating XOX’s eWallet for usage in XOX Digital Marketplace. Wetek has operation in Vietnam and aims to be the market leader of micro financing in Southeast Asia. For the Malaysian market, Wetek budgets RM1 billion to finance low income Malaysian. Globally In 2018, the microfinance industry has serviced 139.9 million borrowers and 65% of microfinance borrowers live in rural areas where traditional banking and lending is difficult or impossible. This industry has been growing at an annual rate of 11.5% over the past few years and projected to reach USD 146.8 billion by 2021. (reference by Microfinance Barometer 2019) Micro financing is a good strategy to populate eWallet with funds especially in the challenging environment of eWallet adoption nationwide. Once eWallet subscribers has money in the ewallet they can perform transaction through XOX Digital ecology. "We are pleased to be in partnership with XOX who can provide access to a very good initial market segment of their subscribers. XOX also has strong infrastructure in its dealership channels and technology to grow the relatively unserved market in Malaysia. This is a huge opportunity for Wetek." Mr. Howard Leung Hao, Director of Wetek. XOX believe that 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 promote digitisation among subscribers to enhance auto top up, Fintech, entrepreneurship and eCommerce. Together with the Group’s insurance offerings the microfinancing business is in line with the group's concerted effort to move into proper Fintech business to create additional revenue streams. XOX intend to launch the microfinancing services to all Malaysians in the near future. ####
PRESS RELEASE For Immediate Release About XOX Mobile XOX MOBILE, is an innovative company that strives to provide continuous digital solutions to its consumers. The award-winning telco has re-define the industry by innovating products in parallel to technology advancement. XOX is committed to expand locally and globally catering segmented target audience as well as promoting digital lifestyle to Malaysians.
Key Alliance: Secures exclusive deal to distribute Wells Bio's Covid-19 diagnostic kits in Malaysia, Singapore. Key Alliance Group has secured an exclusive agreement with South Korean company Wells Bio Inc, through its global distributor ITDF Co Ltd, which will allow it to supply Wells Bio's reverse transcription polymerase chain reaction (RT PCR) test kits to Malaysia and Singapore. "This contract is renewable on a yearly basis automatically, providing exclusivity of the product in Malaysia and Singapore," Key Alliance said. (The Edge)
Xox - TOP 10 INVESTORS (AS OF LATEST FILING) INVESTOR NAME % O/S POSITION (M Shares) POSITION CHG (M) VALUE(M USD) FILING DATE FILING SOURCE Key Alliance Group Bhd 12.40 386.90 39.00 9.32 20-Oct-2020 Other Substantial/Declarable Tam (Ping Kuen Daniel) 5.87 183.00 183.00 11.43 12-Aug-2020 Other Substantial/Declarable Chai (Woon Chet) 5.86 182.83 30.00 4.40 01-Oct-2020 Other Substantial/Declarable Choo (Wai Kit) 0.61 18.90 10.80 0.18 31-Dec-2019 Other Substantial/Declarable Ng (Kok Heng) 0.55 17.24 0.00 0.17 31-Dec-2019 Malaysia Insider Choong (Kean Leang) 0.55 17.21 17.21 0.17 31-Dec-2019 Other Substantial/Declarable Wong (Ah Yong) 0.48 14.90 1.70 0.15 31-Dec-2019 Other Substantial/Declarable Mara Incorporated Sdn Bhd 0.37 11.56 0.00 0.11 31-Dec-2019 Other Substantial/Declarable Sim (Kian Seng) 0.29 9.00 0.00 0.09 31-Dec-2019 Other Substantial/Declarable Cheong (Ho Leng) 0.28 8.64
pakai webinar esok, jangan lupa :) GENERAL MEETINGS: Notice of Meeting XOX BHD
Type of Meeting Extraordinary Indicator Notice of Meeting Description Notice of Extraordinary General Meeting ("EGM")
The EGM will be conducted fully virtual at the Broadcast Venue, the members are advised to refer to the Administrative Guide on the registration and voting process for the said meeting. Date of Meeting 10 Dec 2020 Time 11:00 AM
Venue(s) Broadcast Venue at Lot 8.1, 8th Floor, Menara Lien Hoe No. 8 Persiaran Tropicana Tropicana Golf
Whenever you see @Good123 and @Victor Yong (could be just the same person behind the keyboard), you know that the forum no longer serve its purpose of sharing valuable information. These ppl only keep copying and paste the old news again again and again, then repeat. All the news from 6 months ago, they will just copy and paste here and make like a "good news" festival. Every counter they went, same thing happen. Tak boring kah ru orang??
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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....
Good123
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Posted by Good123 > 2020-12-08 12:10 | Report Abuse
:) Perak DAP chairman Nga says party has decided to work with Umno