Latest penny stocks to propose shares consolidation are FAST & YONGTAI while AGES, MTRONIC & DIGISTAR had just completed the exercise or on-going.
Be aware of the risk of trading penny stock with high NOSH multi BILLION issued shares or multi-year losses with directors frequently raising fund via shares issuance to RI, PP and ESOS.
Directors have power to propose shares consolidation and rights issue with free warrants to continue with fund raising exercise
The Board of Directors of XOX Bhd (“XOX” or “the Company” or "the Group") is pleased to announce that the Company had on 24 May 2022 entered into a Memorandum of Understanding (“MOU”) with Majlis Bandaraya Ipoh (“MBI”) for the purpose to solidify the parameters and lay the foundation for formalisation of the strategic technology partnership to collectively enhance the current infrastructure and services provided by MBI to the residents of Ipoh, by virtue of digitalisation, augmented reality application, cashless applications and automation.
Pursuant to the MOU, MBI will appoint XOX as its technology partner and will pave the road for XOX to provide technical proposals for MBI to consider implementing based on a public’s needs basis. The parties further agreed that the MOU will lay the foundations for individual projects to be presented in due course by XOX to MBI with each separate project having its own formal and commercial agreements.
The MOU shall become effective from 24 May 2022 (“Commencement Date”) and continues in force until the earlier of:
(a) the execution of the formal and definitive agreement between the parties;
(b) termination of the MOU by either party at any time on giving 30 days’ notice in writing to the other party; or
(c) the date being 12 months from the Commencement Date, on which date the MOU shall automatically expire, provided that no later than 30 days before the expiry date, the parties may agree in writing to extend the term of the MOU for such further period as the parties shall agree in writing.
The MOU will not have any effect on the share capital and substantial shareholders’ shareholdings of XOX. The MOU is also not expected to have any material immediate effect on the earnings per share, net assets per share and gearing of the Group for the financial year ending 30 September 2022.
None of the directors and/or major shareholders of the Company and/or persons connected with them have any interest, whether direct or indirect, in the MOU.
The MOU being incurred in the ordinary course of business, is not subject to the approval of the shareholders.
The Board of Directors of XOX, having taken into consideration all aspects of the MOU, is of the opinion that the MOU is in the best interest of the Group.
The MOU is available for inspection at the registered office of the Company at 22-09, Menara 1MK, No. 1 Jalan Kiara, Mont Kiara, 50480 Kuala Lumpur between 8.30 a.m. and 5.30 p.m. from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement.
MTRONIC -a loss from disposal of investment in quoted shares of RM3.2 million recorded during the period....:) changes in loss on disposal of quoted investments amounting to RM17.41 million as well as Employees’ Share Option Scheme-based payment expense of RM2.07 million ...:) tis coming.....:)
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.
================ Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
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
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....
Sharewizard
52 posts
Posted by Sharewizard > 2022-05-24 09:12 | Report Abuse
Still alive and kicking ah , have to wait till economy improvement lor maybe tunggu another 2 years.