NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XOX BHD ("XOX" OR THE "COMPANY") PRIVATE PLACEMENT XOX BHD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description XOX BHD ("XOX" OR THE "COMPANY")
PRIVATE PLACEMENT (For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 4 November 2020 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements in relation to the Private Placement dated 4 November 2020, 10 November 2020, 11 November 2020, 13 November 2020, 24 November 2020, 27 November 2020, 2 December 2020, 7 December 2020 and 8 December 2020.
On behalf of the Board, Mercury Securities wishes to announce that the Board has on 9 December 2020 (“Price-fixing Date”) fixed the issue price for the placement of 194,851,000 Placement Shares, being the last tranche of the Private Placement, at RM0.0950 per Placement Share (“Issue Price”).
The Issue Price represents a discount of 9.61% to the 5-day VWAP of the Shares up to and including 8 December 2020 of RM0.1051, being the last market day immediately preceding the Price-fixing Date.
This announcement is dated 9 December 2020.
Announcement Info Company Name XOX BHD Stock Name XOX Date Announced 09 Dec 2020 Category General Announcement for PLC Reference Number GA1-09122020-00072
As XOX fans wish, PP come to the end and at same time your beloved major shareholder start disposing their stake. Wonder today how much they dispose. Kah kah kah. Open your eyes please, don't you realize why price stagnant despite huge transaction volume kick in. Still put hope on this XOX? Kah kah kah
Banks: Four new digital banks entering the fray; what will they bring? Maybank KE Research
The Monetary Authority of Singapore (MAS) has awarded four digital bank licences in a highly anticipated move to liberalise and inject innovation into the financial industry as well as accelerate Singapore’s ambition of becoming a smart nation.
This means that for the first time, non-bank players will be allowed to provide financial services.
Two full digital full bank licences went to the Grab-Singtel consortium and tech giant Sea. These players will be able to provide the full range of banking services to retail and corporate customers but will not have any physical presence and all banking services must be conducted online.
Another two digital wholesale bank licences (short of the three available) were issued to Alibaba’s Ant Group and a consortium comprising China state-owned Greenland Financial Holdings, Linklogis Hong Kong and Beijing Co-op Equity Investment Fund Management.
But MAS may grant more such licences later, similar to a precedent set by HKMA, which approved licences in stages. These digital wholesale banks can only cater to corporates and SMEs.
The four beat 10 other contenders, which include the FWD/Razer/Sheng Siong, iFast/Hande/Yillion, ByteDance, V3/EZ-Link/Far East Orgn/Mitsui/MSIG, ShengYe/Phillip Capital and AMTD/Xiaomi/SP Group consortia.
The winners were judged based on 1) value proposition and business model; 2) sustainability of their digital banking business; 3) innovative use of technology, and 4) growth prospects and other contributions to Singapore’s financial centre.
Maybank KE believes that depth, quality and access to data, synergies from already established ecosystems plus financial strength of the parents were also critical success factors.
The primary target for the digital banks is the under-served groups in Singapore such as the low income earners, millennials, start-ups and micro enterprises that can be better reached with lower costs.
Performing credit checks, KYC and monitoring large volumes of low-yielding and higher risk accounts is a weak business case for incumbent banks. But digital banks would be able to substantially lower acquisition and transaction costs by automating these processes and using AI to quickly assess loan applications and quantum.
Notably, the two digital wholesale bank licences were clinched by Chinese groups, which could bring their strengths in fintech and e-payment and potentially increase investment opportunities from China in local SMEs. Currently, there are 99 banks in Singapore's wholesale banking industry.
The new digital banks are expected to start operations from early 2022 after meeting all relevant prudential requirements and licencing pre-conditions.
In the medium term, we do not expect the new digital entrants to have any material impacts on the domestic banks, which already have fairly comprehensive digital offerings. But these new players could catalyse the broadening of the financial industry.
For now, we are more concerned about weakening asset quality amid resurging Covid-19 and dividend caps limited returns. The recent re-rating of the banks offers and opportunity to take profits and we prefer a switch to Singtel, which offers a better proxy for digital banking execution as well as ARPU recovery and 5G exposure.
biasalah pp :) China's Xiaomi plans onshore bond issuance for ... - Reuters.com The first 1 billion yuan tranche of private placement notes will have a fixed coupon and a tenor of three years, the sources said. They said that ... Imagewww.globalcapital.com › article › xi... Xiaomi gears up for debut private Panda offering | GlobalCapital 24 Mar 2020 — China's Xiaomi Corp is planning to print a Rmb1bn ($141m) private placement Panda bond next week, in what will be the smartphone ... Imagewww.spglobal.com › news-insights Xiaomi to issue 8B yuan in panda bonds – Reuters | S
Why do companies go for private placement? This strategy allows a company to sell shares of company stock to a select group of investors privately instead of the public. Private placement has advantages over other equity financing methods, including less burdensome regulatory requirements, reduced cost and time
xox punya PP adalah untuk projek bisnes, baguslah :)
if the motivation for the private placement was a circumstance in which the company saw an outstanding opportunity for rapid growth that simply required additional financing, then the eventual extra profits realized from the company's expansion may push its stock price substantially higher.
if the motivation for the private placement was a circumstance in which the company saw an outstanding opportunity for rapid growth that simply required additional financing, then the eventual extra profits realized from the company's expansion may push its stock price substantially higher.
[XOX] Others on 10-Nov-2020 Stock [XOX]: XOX BHD Announcement Date 10-Nov-2020 Listing Date 11-Nov-2020 New type/class? No Type Others Details Share Issuance Scheme No. of shares issued 11,806,200 Issue Price Malaysian Ringgit (MYR) 0.120 Par Value - 0.000 Total NOSH 3,119,816,975
[XOX] Others on 05-Nov-2020 Stock [XOX]: XOX BHD Announcement Date 05-Nov-2020 Listing Date 06-Nov-2020 New type/class? No Type Others Details Share Issuance Scheme No. of shares issued 32,000,000 Issue Price Malaysian Ringgit (MYR) 0.120 Par Value - 0.000 Total NOSH 3,108,010,775
Ann. Date Name Details of Changes Securities After Change View; Date Type No. of Shares Price Direct (%) Indirect (%) Total (%) 22-Jul-2020: MR TAM PING KUEN, DANIEL Ping Kuen Tam - Biography - MarketScreener.com https://www.marketscreener.com/business-leaders/...
Ping Kuen Tam founded Daniel Tam & Co. He is on the board of Apollo Future Mobility Group Ltd. and Chong Kin Group Holdings Ltd. and Member of Association of Chartered Certified Accountants and Associate Member at Hong Kong Institute of Certified Public Accountants. He received a graduate degree from the University of London. Directors And Senior Management – APOLLO FUTURE MOBILITY … https://apollofmg.com/directors-and-senior-management
Mr. Tam Ping Kuen, Daniel, aged 56, was appointed as an independent non-executive Director in May 2006 and he is a member of the Audit Committee and Remuneration Committee.He has served as an independent non-executive director of Chong Kin, a company listed on the Stock Exchange (stock code: 1609), since 3 September 2018. Ping Kuen Tam Net Worth (2020) | wallmine https://cs.wallmine.com/hkse/1609/officer/1722788/ping-kuen-tam
01/10/2020 · Ping Kuen Tam biography. Tam Ping Kuen is Non-Executive Independent Director of the Company. He has over 22 years of experience in accountancy and management. He is the founder of Daniel Tam & Co., Certified Public Accountants (Practising).
the largest shareholder of XOX, KAG ada covid 19 sales kit. very likely, suruh xox untuk menolongnya, xox ada beberapa juta pelanggan
KGROUP - COVID19 TEST KITS SALES TO CONTRIBUTE TO COMPANY'S BOTTOM LINE VERY SOON !!! Author: BURSAMASTER | Publish date: Mon, 29 Jun 2020, 6:03 PM
COVID19 TEST KITS SALES TO CONTRIBUTE TO COMPANY'S BOTTOM LINE
VERY SOON !!!
Hello to all readers out there. Market is in a retracement mode globally, as COVID19 cases rise in the USA and Dow Jones Industrial Index made a pullback towards its first support of 25,000.
However today, we noticed that our local index had rebounded, with healthcare index leading the way moving up 105.01 points or 4.8%. Some leaders that had moved included TOPGLOVE and SUPERMX.
Having said the above, the stock which I'd like to talk about today is KEY ALLIANCE GROUP BERHAD (KGROUP - Stock Code 0036, ACE Market, Technology - Technology Equipment)
BASIC INFORMATION ABOUT KGROUP
KGROUP was founderd in 1997 with core businesses in a few fields:
i) IT & Cloud Solutions
ii) Trading of Kitchen Appliances, IT and office automation
XOX Network Operator XOX XOX Berhad is a mobile virtual network operator that provides mobile phone prepaid digital services in Malaysia. XOX MOBILE has approximately 2 million subscribers in Malaysia. XOX MOBILE launched ONEXOX BLACK in 2018 and in 2019.
Wikipedia icon Wikipedia Official site icon Official site Facebook icon Facebook
Founded: 2005 Headquarters: Malaysia CEO: Kok Heng Ng
Our mobile plans, Prepaid and Black are now available for eSIM. Sign up here to enjoy the perks of eSIM! For more information, check out the benefits of eSIM and list of supported devices.
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Switch Over to XOX Today
Switch over and enjoy Data, Voice and SMS that carries forward when unfinished and sharing of Data, Voice and SMS is made possible among XOX subscribers!
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Enjoy the best deals for our Prepaid and BLACK Packages! With XOX, you'll always be winning. All on BLACK App
Manage all your BLACK – and ONEXOX prepaid accounts from anywhere, and in style. Pay your bill in seconds, track data on the go, subscribe data for your sublines, share Season Pass, and so much more.
CUSTOMER SERVICE FROM XOX MOBILE 12273 FROM MALAYSIA 1300 888 010 FROM ABROAD +603–7882 4952 EMAIL US About Us
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User Guide Privacy Statement Terms & Conditions Frequently Asked Questions
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 & Country Resort 47410 Petaling Jaya, Selangor Malaysia
Date of General Meeting Record of Depositors 03 Dec 2020
Resolutions
1. ORDINARY RESOLUTION
Description PROPOSED BONUS ISSUE OF FREE WARRANTS IN XOX ("WARRANTS C") ON THE BASIS OF 3 WARRANTS C FOR EVERY 8 EXISTING ORDINARY SHARES IN XOX ("XOX SHARES" OR "SHARES") HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED BONUS ISSUE OF WARRANTS") Shareholder’s Action For Voting
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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....
Jack Mak
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Posted by Jack Mak > 2020-12-09 18:33 | Report Abuse
Key alliance had disposed of all share his bought in October... Next Chai woon Chet also disposed same