Quarterly rpt on consolidated results for the financial period ended 31 Mar 2022 XOX BHD
Financial Year End: 30 Sep 2022
SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2022
1)Revenue: 76,020,000 {Around 76 million ringgits} 2) Profit/(loss) before tax: 3,181,000 {Around 3.2 million ringgits} 3) Profit/(loss) for the period: 3,110,000 {Around 3.1 million ringgits} 4)Net assets per share(NTA): 0.0543
Nobody want la... Retailers are smart now. They think can cheat retailers everyday? hahahaha.. Today media are easily accessible. You can only fooled others once. These group of pennies con will be backfired and get buried by very own did .
Date of change 31 May 2022 Name DATO' SERI ABDUL AZIM BIN MOHD ZABIDI Age 62 Gender Male Nationality Malaysia Type of change Resignation Designation Member of Audit Committee Directorate Non Independent and Non Executive Composition of Audit Committee (Name and Directorate of members after change) Hew Tze Kok - Independent Non-Executive Director (Chairman) Andy Liew Hock Sim - Independent Non-Executive Director (Member) Karina Binti Idris Ahmad Shah - Independent Non-Executive Director (Member)
Remarks : The change in the composition of the Audit Committee is in compliance with Practice 1.4 of the Malaysian Code on Corporate Governance 2021, i.e. the Chairman of the Board should not be a member of the Audit Committee, Nomination Committee or Remuneration Committee.
0140 XOXNET XOX NETWORKS BERHAD TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) XOX NETWORKS BERHAD (FORMERLY KNOWN AS MACPIE BERHAD) ("XOX NETWORKS" OR THE "COMPANY")- VARIATION BY 10% OR MORE BETWEEN ACTUAL VALUE OF RECURRENT RELATED PARTY TRANSACTIONS ("RRPT") AND ESTIMATED AGGREGATED VALUE You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
0140 XOXNET XOX NETWORKS BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) Particulars of Shareholder Name : XOX BHD NRIC/Passport No./Company No. : 201001016682 (9003 Nationality/Country of Incorporation : Malaysia Address: 22-09, Menara 1MK No. 1, Jalan Kiara, Mont Kiara 50480 Kuala Lumpur Wilayah Persekutuan Malaysia Descriptions (Class and Nominal Value): Ordinary Shares Name and Address of Registered Holder: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Details of Changes Date of Notice : 19/01/2022 Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 17/01/2022 Acquired 10,000,000 0.000 Circumstances by reason of which change has occurred: Acquisition of shares via open market transaction. Nature of Interest: Indirect Interest Consideration:
No of Shares Held After Changes: Direct : 0 shares (0.0000%) Indirect/Deemed Interest : 171,000,000 shares (15.0570%) Total : 171,000,000 shares Remarks: Deemed interested in the shares held by XOX (Hong Kong) Limited pursuant to Section 8 of the Companies Act 2016. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
Shareholding Changes for XOX Berhad. Date of change Shares Director/ Substantial Shareholder 06 Apr 2022 Disposed 2,500,000 MR TAN SIK EEK 05 Apr 2022 Disposed 2,785,000 MR TAN SIK EEK 04 Apr 2022 Disposed 3,605,000 MR TAN SIK EEK 01 Apr 2022 Disposed 6,395,000 MR TAN SIK EEK 31 Mar 2022 Disposed 5,152,700 MR TAN SIK EEK 30 Mar 2022 Disposed 14,347,300 MR TAN SIK EEK 16 Jul 2021 Other 34,785,000 MR TAN SIK EEK 07 Dec 2020 Disposed 39,000,000 KEY ALLIANCE GROUP BERHAD
Tangkap tangan ghaib demi kebaikan semua pelabur:)
Liew Chee Yoong of the Center for Market Education said poor performance would continue, from a combination of the ringgit’s depreciation, scandals in corporate governance, and weak legal enforcement in the capital markets.
everyday im cursing those who involved in trapping inxestors and spreading rumour to have bad karma including their loved one ditimpa kemalangan dan kematian. 1 died, but the rest still partying
Date of change 31 May 2022 Name DATO' SERI ABDUL AZIM BIN MOHD ZABIDI Age 62 Gender Male Nationality Malaysia Type of change Resignation Designation Member of Audit Committee Directorate Non Independent and Non Executive Composition of Audit Committee (Name and Directorate of members after change) Hew Tze Kok - Independent Non-Executive Director (Chairman) Andy Liew Hock Sim - Independent Non-Executive Director (Member) Karina Binti Idris Ahmad Shah - Independent Non-Executive Director (Member)
Remarks : The change in the composition of the Audit Committee is in compliance with Practice 1.4 of the Malaysian Code on Corporate Governance 2021, i.e. the Chairman of the Board should not be a member of the Audit Committee, Nomination Committee or Remuneration Committee.
Announcement Info Company Name XOX BHD Stock Name XOX Date Announced 31 May 2022 Category Change in Audit Committee Reference Number C02-27052022-00007
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS XOX BHD - PROPOSED ACQUISITION OF SHARES IN THERON HOLDINGS SDN. BHD. XOX BHD
The Board of Directors of XOX Bhd (“XOX” or “the Company”) wishes to announce that XOX (Hong Kong) Limited, (“XOX HK” or “the Purchaser”), a wholly-owned subsidiary of the Company, had on 12 July 2022 entered into a Share Sale Agreement (“SSA/the Agreement”) with Muar Ban Lee Group Berhad (“the Seller”) for the proposed acquisition of 2 ordinary shares (“Sale Shares”) in Theron Holdings Sdn. Bhd. (“Theron”), representing 100% of the total issued and paid up share capital of Theron, for a total a total purchase consideration of RM19,254,590.00 only (“Purchase Consideration”) (“Proposed Acquisition”).
Further details of the Proposed Acquisition are set out in the attachment herein.
PROPOSED ACQUISITION OF SHARES IN THERON HOLDINGS SDN BHD ("THERON") BY XOX (HONG KONG) LIMITED ("XOX HK"), A WHOLLY-OWNED SUBSIDIARY OF XOX BHD ("PROPOSED ACQUISITION") XOX BHD
We refer to your Company’s announcement dated 12 July 2022, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1) To state the source(s) of funding of XOX HK and/or XOX Bhd, and the breakdown thereof, for redemption of the RHB Facility of RM49,416,000.68 and repayment of Theron’s outstanding debts of RM44,318,000.00. To also reconcile with the disclosure in Section 6 of the announcement dated 12 July 2022. 2) The justification for the purchase consideration of RM19,254,590. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
KUALA LUMPUR: XOX Bhd has proposed to acquire two ordinary shares in Theron Holdings Sdn Bhd, representing 100% of the total issued and paid-up share capital of Theron for RM19.25mil. In a filing with Bursa Malaysia, XOX said its wholly-owned subsidiary, XOX (Hong Kong) Limited (XOX HK) had entered into a share sale agreement with Muar Ban Lee Group Bhd for the proposed acquisition.
Theron is a special purpose vehicle incorporated by Muar Ban Lee for the purpose of acquiring and holding the shares in Symphony Life Bhd As of the date of this announcement, Theron is holding 98.09 million shares in Symphony, representing 13.7% of the total issued and paid-up share capital of Symphony.
Symphony is principally engaged in the business of property development and property investment. XOX said its board has deliberated the opportunity and found the proposed acquisition to be synergistic. “In an effort to streamline XOX’s capital management, the management has deliberated various strategies which include shares buy back and placement of excess cash in high yielding funds.
“The proposed acquisition is part of XOX’s strategy to maximise return on its excess fund, which will ultimately benefit its shareholders,” it said. In addition, XOX said Symphony is currently trading at the lower end of its range of intrinsic value. Hence there is a potential of immediate capital appreciation for the proposed acquisition in the event of any correction to Symphony’s current depressed share price.
KUALA LUMPUR (July 12): Muar Ban Lee Group Bhd (MBL) is exiting its investment in property firm Symphony Life Bhd, whose share price has fallen 46% since MBL bought into it. MBL, a specialist in palm oil machinery and oil seed crushing machinery, announced that it is selling its wholly-owned unit, Theron Holdings Sdn Bhd, that owns a 13.7% stake in Symphony Life to XOX Bhd for RM19.25 million cash. Based on Tuesday's closing share price of 45 sen, the 13.7% stake is worth RM44.14 million. According to MBL's filing with Bursa Malaysia, XOX is obliged to provide "evidence that all outstanding debts owed by Theron to MBL as at the completion date [of the acquisition] have been paid and settled". The outstanding debt amounted to RM46.32 million — advances that MBL has given to Theron for the purchase of Symphony Life shares.
Theron also borrowed RM47.55 million from RHB Bank Bhd to invest in Symphony Life shares via a term loan. Theron is a special purpose vehicle incorporated for the purpose of acquiring and holding shares in Symphony Life. It accumulated 98.09 million Symphony Life shares from April 2 last year to March 9 this year at a total cost of RM90.26 million, said MBL. Theron bought a large bulk of its stake in Symphony Life from the company's former executive chairman Tan Sri Mohamed Azman Yahya, who founded the property firm. MBL noted that the transaction, which it expects to be completed in the third quarter of this year, would result in RM48.89 million disposal gain. The disposal gain includes the effects from deconsolidation of Theron's net liabilities amounting to RM37.59 million, as well as share of results from Symphony Life for financial years 2021 and 2022. The proposed disposal allows MBL to deconsolidate a term loan from RHB Bank amounting to RM47.55 million as at end-June, while also recoup advances MBL provided to Theron amounting to RM46.32 million, the group said. MBL would utilise RM19.25 million proceeds from the disposal mainly for working capital. In a separate filing, XOX said the acquisition, which will be funded by its internally generated funds, is "synergistic" due to prospects of the property market's recovery this year and potential upside to Symphony Life's share price. Shares of MBL closed unchanged at 35.5 sen, giving it a market capitalisation of RM88.26 million, while XOX fell 0.5 sen or 25% to 1.5 sen, valuing the company at RM75.76 million. Symphony Life, meanwhile, closed 0.5 sen or 1.12% higher at 45 sen, with a market capitalisation of RM322.4 million. S Kanagaraju & Kathy Fong
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Quarterly rpt on consolidated results for the financial period ended 31 Mar 2022
XOX BHD
Financial Year End: 30 Sep 2022
SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2022
1)Revenue: 76,020,000 {Around 76 million ringgits}
2) Profit/(loss) before tax: 3,181,000
{Around 3.2 million ringgits}
3) Profit/(loss) for the period: 3,110,000
{Around 3.1 million ringgits}
4)Net assets per share(NTA): 0.0543
Date Announced: 31 May 2022