TECHNA-X BERHAD
KLSE (MYR): TECHNAX (2739)
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Last Price
0.015
Today's Change
0.00 (0.00%)
Day's Change
0.015 - 0.02
Trading Volume
579,900
Overview
Market Cap
33 Million
NOSH
2,215 Million
Avg Volume (4 weeks)
1,016,921
4 Weeks Range
0.01 - 0.02
4 Weeks Price Volatility (%)
50.00%
52 Weeks Range
0.01 - 0.03
52 Weeks Price Volatility (%)
25.00%
Previous Close
0.015
Open
0.015
Bid
0.015 x 1,598,100
Ask
0.02 x 23,889,600
Day's Range
0.015 - 0.02
Trading Volume
579,900
Financial Highlight
Latest Quarter | Ann. Date
30-Sep-2023 [#3] | 29-Nov-2023
Next QR | Est. Ann. Date
31-Dec-2023 | 28-Feb-2024
T4Q P/E | EY
-0.88 | -113.47%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.02 | 0.79
T4Q NP Margin | ROE
-61.03% | -89.58%
Market Buzz
2023-12-01
-52.71%News and Blogs
Company Profile
Sector: ENERGY
Sector: ENERGY
Subsector: OTHER ENERGY RESOURCES
Subsector: OTHER ENERGY RESOURCES
Description:
Sino Hua-An International Bhd is an investment holding company. The company is engaged in manufacturing and sale of metallurgical coke and other related by-products. Sino Hua-An International?s products include tar oil, crude benzene, ammonium sulfate and coal gas. Its by-products include Coal Gas, Tar, Crude Benzene, Ammonia Sulfate, Coal Slime and Middlings.
Discussions
10 people like this. Showing 50 of 24,992 comments
Modus operandi of many loss making penny stocks
1. Directors fail in generating business profit
2. Show multi year losses, multi quarter losses
3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition
4. Directors utilise most of the fund raised
5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue
6. Maybe change company name to 'hide' the past from new investors
7. Repeat step 1 to 6
2023-04-12 09:55
FOR NEWBIES
TECHNA-X BERHAD ("TXB" OR "COMPANY")
(I) PROPOSED CAPITAL REDUCTION;
(II) PROPOSED DEBT SETTLEMENT;
(III) PROPOSED SHARE CONSOLIDATION; AND
(IV) PROPOSED RIGHTS ISSUE WITH WARRANTS;
In view of the developments that have taken place since the Previous Announcements, on behalf of the Board of Directors of TXB (“Board”), M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that the Previous Proposals shall be revised to as follows:
(i) proposed reduction of TXB’s share capital pursuant to Section 116 of the Companies Act 2016 (“Act”) (“Proposed Capital Reduction”);
(ii) proposed settlement of an aggregate amount of RM33,834,500 debt owing to creditors by the Company (“Settlement Amount”) via the issuance of 2,487,830,882 new ordinary shares in TXB (“TXB Share(s)” or “Share(s)”) (“Settlement Share(s)”) (“Proposed Debt Settlement”);
(iii) proposed consolidation of every 20 existing Shares into 1 ordinary share of TXB (“Consolidated Share(s)”) held by the entitled shareholders on an entitlement date to be determined and announced later (“Consolidated Shares Entitlement Date”) (“Proposed Share Consolidation”); and
(iv) proposed renounceable rights issue of up to 251,587,641 new ordinary shares in TXB (“Rights Share(s)”) on the basis of 1 Rights Share for every 1 Consolidated Share held (“Rights Shares Entitlement Basis”), together with up to 251,587,641 free detachable warrants in TXB (“Warrant(s)”) on the basis of 1 Warrant for every 1 Rights Share subscribed for by the entitled shareholders (“Warrants Entitlement Basis”) of the Company on an entitlement date to be determined and announced later (“Entitlement Date”) (“Entitled Shareholder(s)”) (“Proposed Rights Issue with Warrants”).
Further details of the Proposals are set out in the attachment.
Date Announced 14 Apr 2023
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3344464
====================
Previous name is SINO HUA-AN INTERNATIONAL BERHAD
Normally not a good thing when loss making penny stock change name.
=====================
Multiple year loss making penny stock company
NOSH = 2,214,714,736
Long term holders likely to incur huge losses due to share consolidation and rights issue
2023-04-18 09:42
FOR NEWBIES
VSOLAR is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 9 May 2023
===================
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
Long term shareholders holding at high prices will incur huge losses from share consolidation
List of penny stocks with shares consolidation :-
2023 in progress - VSOLAR, DOLPHIN, TECHNAX
2023 completed = 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,.........
====================
TAYOR, don't be caught in share consolidation exercise
2023-05-12 12:23
FOR NEWBIES
TECHNA-X BERHAD ("TXB" OR "COMPANY")
(I) PROPOSED CAPITAL REDUCTION;
(II) PROPOSED DEBT SETTLEMENT;
(III) PROPOSED SHARE CONSOLIDATION; AND
(IV) PROPOSED RIGHTS ISSUE WITH WARRANTS;
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3344464
==================
Take note of on-going multiple proposal
2023-05-17 15:32
TECHNA-X BERHAD ("TXB")
- BURSA MALAYSIA SECURITIES BERHAD'S PRACTICE NOTE 17 ("PN17") RELIEF MEASURES RESULTING IN TXB TRIGGERING SUSPENDED CRITERIA BUT NOT CLASSIFIED AS A PN17 LISTED ISSUER
Reference is made to TXB’s announcement made on 1 June 2023 bearing reference number GA1-31052023-00061, the Board of Directors of TXB wishes to clarify that TXB has re-assessed its PN17 condition based on the latest quarterly report on consolidated results for the financial period ended 31 March 2023 as announced on 30 May 2023, the shareholders’ equity has increased from RM35.16 million as at 30 September 2021 to RM42.36 million as at 31 March 2023, which is more than 25% of the share capital of TXB and more than RM40.0 million.
As such, TXB no longer triggers any of the PN17 Suspended Criteria and any of the criteria in relation to the financial condition of a listed issuer as set out in Paragraph 2.1 of the PN17.
This announcement is dated 2 June 2023.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3359665
2023-06-06 11:39
FOR NEWBIES
(i) proposed reduction of TXB’s share capital pursuant to Section 116 of the Companies Act 2016 (“Act”) (“Proposed Capital Reduction”);
(ii) proposed settlement of an aggregate amount of RM33,834,500 debt owing to creditors by the Company (“Settlement Amount”) via the issuance of 2,487,830,882 new ordinary shares in TXB (“TXB Share(s)” or “Share(s)”) (“Settlement Share(s)”) (“Proposed Debt Settlement”);
(iii) proposed consolidation of every 20 existing Shares into 1 ordinary share of TXB (“Consolidated Share(s)”) held by the entitled shareholders on an entitlement date to be determined and announced later (“Consolidated Shares Entitlement Date”) (“Proposed Share Consolidation”); and
(iv) proposed renounceable rights issue of up to 251,587,641 new ordinary shares in TXB (“Rights Share(s)”) on the basis of 1 Rights Share for every 1 Consolidated Share held (“Rights Shares Entitlement Basis”), together with up to 251,587,641 free detachable warrants in TXB (“Warrant(s)”) on the basis of 1 Warrant for every 1 Rights Share subscribed for by the entitled shareholders (“Warrants Entitlement Basis”) of the Company on an entitlement date to be determined and announced later (“Entitlement Date”) (“Entitled Shareholder(s)”) (“Proposed Rights Issue with Warrants”).
Further details of the Proposals are set out in the attachment.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3344464
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3351584
=================
Take note Multiple Proposal still in effect
2023-06-06 11:41
consolidation of every 20 existing Shares into 1 ordinary share of TXB
not likely above 0.01 on ex-date
2023-06-06 13:43
Aiyo purposely PUSH up into the ToP Vol list to lure gambling ghost aunties/uncles to buy then TRAPPP them to try to pick their pockets for RI LOL
2023-06-06 19:17
FOR NEWBIES
DGB is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 26 June 2023.
===================
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 :-
2023 in progress - DGB, MMAG, DOLPHIN, TECHNAX, ICON
2023 completed = 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,.........
2023-06-27 16:11
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2023-04-06 07:45