MQ TECHNOLOGY BHD
KLSE (MYR): MQTECH (0070)
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17 people like this. Showing 50 of 20,245 comments
share consolidation coming.....then issuance of bonds, check background of this Triton capital, most of their profile are very problematic co. , jaks, ahb , knm etc, the fund manager are either super far sighted or something fishy there.....
2 months ago
After share consolidation then the stocks are more liquid and tradeable just like Technax.
2 months ago
After share consolidation, directors can start fund raising again via shares issuance to PP, ESOS or RI to increase NOSH to multi billion shares. Then repeat the process by doing shares consolidation again.
2 months ago
FOR NEWBIES
MQ TECH is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 7 June 2024.
===================
Be careful if holding high NOSH low price penny stocks for long term
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
Long term shareholders holding at high prices will incur huge losses from share consolidation
List of penny stocks with shares consolidation :-
2024 in progress - MQTECH, XOX, DESTINI, VIZIONE, KGROUP
2024 completed - AEM, AT, FINTEC, TECHNAX, MLAB, BPURI,
2023 completed = JOE, ICON, MMAG, KOMARK, GOCEAN, AIM, DOLPHIN, DGB, VSOLAR, MERIDIAN, PASUKGB, EDUSPEC
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST
BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........
2 months ago
What could be the reason i3investor admin deleted above posting?
Is it against any rules and regulations to post factual information?
2 months ago
One day before share consolidation ikan billis will sell off then can get 1c or even 0.5c Buy more ya...
2 months ago
The rise of data center requires millions of hard drive. So why Mqtech the hard drive manufacturer did not seize this opportunity ?
2 months ago
Mqtech should be rallying by now as tech counter is shootting up with google data centers
2 months ago
This is the reason why consolidation must be implemented asap. High queing for penny stock is illiquid. All jammed at 1c and 1.5c. As a results price not moving at all. Pray that Dato' will do consolidation asap then price will move up and down like a pro.
2 months ago
let's see how soon this can be done....
at 1-1.5c due to heavy volumes......
it's better to reduce the volumes and make the price more attractive....
2 months ago
Forget about selling &buying. Wait for share consolidation 1:10. Then will be 15 cents..
2 months ago
Unless Mqtech has a good initiative in today's digitalisation like Notion, JCY, K1, SNS. Apparently the company did not announce any company initiatives to spike the company shares up !
2 months ago
everyday, there is a hope....
recent years, this counter has not done any major business venturing....
no doubt it's a IT base company and can be related to DC....
unfortunately they did not initiate anything at the moment....
1 month ago
we had seen them venturing into gloves during the C19 pandemic....
almost done the deal with latexx but unfortunately nothing concrete happened....
perhaps this round they dare not declare anything...
cause might see another failure in their business undertaking....
so I would say and surmise that this company at the moment is heeding nowhere.....
so it's more of a pure speculating counter for traders .....
1 month ago
most companies who have initiated the DC....
you can see the prices all move above 40 (some came down after touching 40)....
that's the trend at the moment....
so this company is definitely not into DC......
we have to move on and don't stay too long here....
1 month ago
I think there are some resignations from the senior management recently. The GM did not perform and get sacked. New management will focus on the new trend of investment.
1 month ago
FOR NEWBIES
HARVEST MIRACLE CAPITAL BERHAD (HM) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to RI.
This announcement is dated 15 July 2024.
================
List of high NOSH penny stocks with shares consolidation :-
2024 in progress - HM, MQTECH, XOX, DESTINI, VIZIONE, KGROUP
2024 completed - AEM, AT, FINTEC, TECHNAX, MLAB, BPURI,
2023 completed = JOE, ICON, MMAG, KOMARK, GOCEAN, AIM, DOLPHIN, DGB, VSOLAR, MERIDIAN, PASUKGB, EDUSPEC
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST
BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........
Retail investors trapped at high price incurred huge losses caused by share consolidation
1 month ago
consolidation is imminent.....
only way for the price to go up in the future...
nosh 1.6bil is too huge at the moment....
wait till consolidation process takes place...
perhaps might be like MMAG and sudden surge high....
no one knows cause it's penny stock aka gambling counter ma....
1 month ago
FOR NEWBIES
MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY")
(I) PROPOSED SHARE CAPITAL REDUCTION;
(II) PROPOSED SHARE CONSOLIDATION; AND
(III) PROPOSED ISSUANCE OF BONDS
(COLLECTIVELY REFERRED TO AS "PROPOSALS")
We refer to the announcement made on 7 June 2024 in relation to the Proposals (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.
On behalf of the Board, Mercury Securities wishes to announce that the application in respect of the Proposals has been submitted to Bursa Securities on 10 June 2024.
This announcement is dated 10 June 2024.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3454849
https://www.klsescreener.com/v2/stocks/view/0070/mq-technology-berhad
Check P/L
=============
Be reminded of impending share consolidation exercise proposed by directors
1 month ago
Wait until cow come home and l am still waiting for share consolidation so that Mqtech is tradeable. Company income gaining traction is a good sign. Bear in mind Mqtech core business complement data center business and will realise the benefits when Malaysia data center in full swing !
1 month ago
Sayang Mqtech. Whether rain or shine just around 0.01 and 0.015. Cool aje. Otherwise should be around 0.0005 or 0 ! Hahahaha....
2 weeks ago
FOR NEWBIES
Changes in Director's Interest (Section 219 of CA 2016)
MQ TECHNOLOGY BERHAD
Information Compiled By KLSE
Particulars of Director
Name MR TERENCE CHEAH EU LEE
========
Director selling down his shareholding
Director with the same name sold all his shares in JIANKUN
What’s happening next?
2 weeks ago
FOR NEWBIES
Changes in Director's Interest (Section 219 of CA 2016)
MQ TECHNOLOGY BERHAD
Information Compiled By KLSE
Particulars of Director
Name MR TERENCE CHEAH EU LEE
========
Director selling his shares
Same director selling his shares in jiankun
What’s happening next
2 weeks ago
As usual. Director sudah retired and need to rest. New director to take over soon.
2 weeks ago
Stay calm. Share consolidation is to ensure capital improvement and also good for investors due to tradeable stock prices. Destined to spike a few more times than the original price.
1 week ago
They are making mould for HDD and for AI and data center business. If data center/AI is fully materialised Mqtech will be part of the beneficiary somehow or rather. Stay tuned.
1 week ago
capital from 700m up to 1640m pp esos , and the end 10 consolidation to 1 ???
1 week ago
Mqtech better than Technax which is 20 consolidation to 1. In addition its core business is in line with data center business by making mould for HDD. EGM is on 9 Sept & can ask the company future undertakings.
1 week ago
If Malaysia GDP forecast 5.9% growth with its data center business, Mqtech will be part of the beneficiaries of this initiative
1 week ago
FOR NEWBIES
(I) PROPOSED SHARE CAPITAL REDUCTION;
(II) PROPOSED SHARE CONSOLIDATION; AND
(III) PROPOSED ISSUANCE OF BONDS
On behalf of the Board, Mercury Securities wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 7 August 2024, resolved to approve the following:
(i) Proposed Share Consolidation; and
(ii) Listing of up to 327,109,900 new MQ Tech Shares to be issued pursuant to the conversion of the Bonds.
This announcement is dated 7 August 2024.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3471639
=================
Share consolidation and fund raising via bond issuance approved
Coming soon !!!
1 week ago
FOR NEWBIES
CIRCULAR TO SHAREHOLDERS IN RELATION TO
(I) PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY") OF RM50.00 MILLION PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("ACT") ("PROPOSED SHARE CAPITAL REDUCTION");
(II) PROPOSED CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN MQ TECH ("MQ TECH SHARES" OR "SHARES") INTO 1 MQ TECH SHARE ("CONSOLIDATED SHARE(S)") ("PROPOSED SHARE CONSOLIDATION"); AND
(III) PROPOSED ISSUANCE OF REDEEMABLE CONVERTIBLE BONDS ("BONDS") WITH AN AGGREGATE PRINCIPAL AMOUNT OF UP TO RM150.00 MILLION ("PROPOSED ISSUANCE OF BONDS") (COLLECTIVELY REFERRED TO AS "PROPOSALS")
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3473940
==============
Share consolidation and more fund raising coming soon !!!
https://www.klsescreener.com/v2/stocks/view/0070/mq-technology-berhad
1 week ago
FOR NEWBIES
Changes in Director's Interest (Section 219 of CA 2016)
MQ TECHNOLOGY BERHAD
Particulars of Director
Name MR TERENCE CHEAH EU LEE
Directors continue to dispose
https://www.klsescreener.com/v2/announcements/view/7679817
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3474457
=================
Share consolidation and fund raising via bond issuance coming soon !!!
5 days ago
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4.9 / 5.0
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Vicky
Regardless rain or shine, up or down the market no significant move of this stock unless share consolidation due to huge queing. Share consolidation provide an opportunity for investors to play the wave, reduce corporation debts and another chance for stocks to rise again.
2 months ago