Date of change 16 Dec 2023 Name DATUK CHAI WOON CHET Age 44 Gender Male Nationality Malaysia Designation Director Directorate Executive Type of change Demised Qualifications No Qualifications Major/Field of Study Institute/University Additional Information
Working experience and occupation Family relationship with any director and/or major shareholder of the listed issuer Any conflict of interests that he/she has with the listed issuer Details of any interest in the securities of the listed issuer or its subsidiaries
Announcement Info Company Name OVERSEA ENTERPRISE BERHAD Stock Name OVERSEA Date Announced 18 Dec 2023 Category Change in Boardroom Reference Number C03-18122023-00003
ACGA analyst Chris Leahy said regulators' efforts are hampered by political interference and material delays in cases that are prosecuted through the Attorney General's Office, even where SC has the right of audience as deputy prosecutors.
"We have seen this in some high-profile market manipulation, insider dealing and corruption cases where actions against certain subjects are inexplicably dropped despite material evidence to support prosecution."This casts serious doubts on Malaysia's appetite to tackle political and business corruption."
Leahy said despite creditable efforts by SC and Bursa Malaysia to enforce securities violations such as insider trading and market manipulation, these issues continue to be a material problem for Malaysia's securities markets.
Many of these problems occur among small-cap companies listed on Bursa Malaysia that have smaller free floats and are easier for insiders and market syndicates to control and manipulate.
Executives from SC and Bursa Malaysia, during a discussion admitted that this issue continues to be problematic for Malaysia's markets, he said.This shows they have a difficult job to do, added Leahy.
With the prevalence of political influence within the legal systems and the ability of certain insiders to exploit their influence to ensure legal impunity, issues with insider trading and market manipulation are unlikely to improve without a sea of change within Malaysia's political system.
"This change is not something that will happen overnight, if at all," said Leahy.
Malaysia patut ikut cara China, delist sykt2 yg tak baik, dll.
The number of companies delisted from China’s stock markets are approaching a record high this year, with about half of them losing their listing status after languishing below par value.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XOX BHD ("XOX" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 20 June 2023 in relation to the Proposals, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements dated 20 June 2023 and 8 August 2023.
On behalf of XOX, TA Securities wishes to announce that the Board has resolved to abort the Proposed Private Placement, after taking into consideration, among others, recent developments in the business plans and funding objectives of the Group. Accordingly, an application has been submitted to Bursa Securities on even date for the withdrawal of the relevant additional listing application.
Superb good news… XOX withdraw it’s additional listing application !
So no more issue new shares, it’s limited shares will be grabbed like hot cake liao !
Since the XOX-WC was expired and no more listed, so it’s the time now for XOX to give free warrants XOX-WD to it’s die hard supporters as a rewards now ! Come on, please announce the listing of free warrants XOX-WD now !
pERANGKAP YG LUMRAH: right issues, share split, esos kpd pengarah2, private placement at depressed prices, last last consol to make the final killing hehe... dulu bekas pm (muhyiddin & sabri), kini pm anwar... berani manipulasi syer lagi ATAUPUN PAKAI TAKTIK YG SAMA? HEHE
These group of high NOSH loss making penny stocks are run by legalized scammers. Retail investors are the ones suffering huge losses by directors decision.
Yes, whistlebower99 being blocked and removed because keep SPAM all the bad things to all the counters in i3 (e.g he posted it into Alam i3) to pressure small inivestors to sell cheap cheap and at a hugh losses to them so that they can making hugh tonnes of profits !
Thank you very much to i3 Admin !!!
All the posting he posted is like below:
XXXXX is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
List of penny stocks with shares consolidation :- 2024 in progress - XXX, XXX, XXX….. 2024 completed - XXX, XXX, XXX….. 2023 completed = XXX, XXX, XXX….. 2022 - XXX, XXX, XXX….. BEFORE 2022 - XXX, XXX, XXX…..
SHARE CONSOLIDATION OF 30 SHARES INTO 1 CONSOLIDATED SHARES
On behalf of the Board of Directors of XOX, TA Securities Holdings Berhad wishes to announce that the Company proposes to undertake a proposed consolidation of every 30 existing ordinary shares in XOX (“XOX Shares”) held by the shareholders of the Company on an entitlement date to be determined and announced later, into 1 XOX Share (“Proposed Share Consolidation”). Further details of the Proposed Share Consolidation are set out in the attachment below.
=============== On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 19 June 2024, approved the following: (i) Proposed Share Consolidation; (ii) listing and quotation of up to 185,691,271 Consolidated Shares (assuming all of the 77,971,406 outstanding ICPS and the 301,873,800 ESOS Options which may be granted and exercised pursuant to the maximum allowable amount under the ESOS are converted / exercised into new Shares prior to the implementation of the Proposed Share Consolidation); and (iii) listing and quotation of up to 2,599,046 Consolidated ICPS (assuming none of the ICPS are exercised prior to the implementation of the Proposed Share Consolidation).
GET ready for your shares to be reduced by 30 times. Thank the directors for the share consolidation exercise.
Share Consolidation
CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN XOX BHD ("XOX" OR THE "COMPANY") ("XOX SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 30 JULY 2024 INTO 1 XOX SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") Ex-Date 29 Jul 2024
After share consolidation completed, very likely directors will do massive fund raising via shares issuance to PP, ESOS, RI, etc
If RI, shareholders will be required to dig deep into pocket to subscribe for the rights shares Directors will be thanking the shareholders who subscribe for the rights shares.
funny company..... theer are so many related party transactions in millions, and not sure who is benefiting from these? Secondly.... management is requesting for the extension of ESOS for another 3 years .... which is a joke really !!! With this performance all ESOS shd be cancelled and re-issued after the capital reduction.... lastly, being sued by KWAP..... which is pension fund !!! In the commentary management sates that..... "The telecommunications and technology industries are plagued by uncertainties over the phased transition to 5G networks.".... i think management is in the wrong bsuiness :-) LOL .... happy hunting
Announced EX Date Subject Ratio Offer 15 Jul 2024 29 Jul 2024 Share Consolidation 1.0000 : 30.0000 04 Jan 2021 15 Jan 2021 Bonus Issue (warrant) 3.0000 : 8.0000 24 Jan 2020 11 Feb 2020 Rights Issue (warrant) 4.0000 : 2.000 0.0250 View 04 Jan 2016 14 Jan 2016 Rights Issue (warrant) 1 : 1 0.2000 View 02 Nov 2015 13 Nov 2015 Share consolidate 1 : 2 View
============= CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN XOX BHD ("XOX" OR THE "COMPANY") ("XOX SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 30 JULY 2024 INTO 1 XOX SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
============== Be reminded of the ex-date when your shareholdings will be reduced by 30 times !! Those bought at high price will incur huge losses due to directors decision on share consolidation
============= In near future, expect directors to raise more fund via shares issuance to PP, ESOS, RI, etc
CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN XOX BHD ("XOX" OR THE "COMPANY") ("XOX SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 30 JULY 2024 INTO 1 XOX SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
Ex-Date 29 Jul 2024
=================== 5,190,892,950 shares have been consolidated into 173,029,765 shares
Check your reduced shareholding if you are a shareholder
Take note that XOX-PA has also been consolidated and the exercise price adjusted up.
=================== Get ready for operator to play the price to lure newbies, punters, fomo oldbies, etc to come in
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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....
TheCrown
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Posted by TheCrown > 2023-12-20 15:08 | Report Abuse
Sudah Mampos Eddie? Rot in hell