大老千事实揭发！Business syndicate discovered.
大揭发！16Dec2016 - MQ Technology bhd confirmed director sold shares and resigned same day on bad news!
3kTuaSuaKa
Publish date: Fri, 16 Dec 2016, 06:25 PM
16 December 2016, Penang, Malaysia - MQ Technology Bhd substantial shareholder Teh Eng Huat announced on Bursa Malaysia today the disposal of shares on 14 December 2016, confirmed is from Teh, which is the main cause of share price collapse. The sell off is ahead of Bursa Malaysia announcement after market closing the same day on false company news, linking a deal with NagaCorp.
The news shocked the market of potential insider trading where major shareholder and executive director sell shares knowing ahead of bad news. The proceeds from the share sales is due 3 days after sold off, or 19 December 2016, Monday. Market is concerned where would these potentially illegally obtained proceed would flow to, while the main suspect resigned the same day.
Alert News
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5291433
Changes in Director's Interest (S135)
| MQ TECHNOLOGY BERHAD |
Information Compiled By KLSE
Particulars of Director
| Name | MR TEH ENG HUAT |
| Descriptions(Class & nominal value) | Warrants |
Details of changes
Currency: Malaysian Ringgit (MYR)
|
Type of transaction
|
Date of change
|
No of securities
|
Price Transacted ($$)
|
|
Disposed
|
14/12/2016
|
55,166,600
|
|
| Circumstances by reason of which change has occurred |
Open Market Disposal |
| Nature of interest |
Direct Interest |
| Consideration (if any) |
Total no of securities after change |
|
| Direct (units) | 6,980,088 |
| Direct (%) | 3.804 |
| Indirect/deemed interest (units) | |
| Indirect/deemed interest (%) | |
| Date of notice | 14/12/2016 |
| Remarks : |
| Securities held after the change: a)100,960,000 Ordinary Shares (24.341% of issued shares) b) 6,980,088 (3.804% of the total Warrants in issued). Mr.Teh has resigned as Director of MQ Technology Berhad on 14 December 2016. The form was received on 16 December 2016. |
Announcement Info
| Company Name | MQ TECHNOLOGY BERHAD |
| Stock Name | MQTECH |
| Date Announced | 16 Dec 2016 |
| Category | Changes in Director's Interest Pursuant to Section 135 |
| Reference Number | CS4-14122016-00020 |
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5291413
Changes in Sub. S-hldr's Int. (29B)
| MQ TECHNOLOGY BERHAD |
Particulars of substantial Securities Holder
| Name | MR TEH ENG HUAT |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Warrants |
| Name & address of registered holder | 1.TEH ENG HUAT NO 1, Jalan Bayan Mutiara 2, Bayan Lepas ,11700 Penang 2.PUBLIC NOMINEES (TEMPATAN) SDN BHD P.O.BOX 11167 50738 Kuala Lumpur Wilayah Persekutuan 3.KENANGA NOMINESS (TEMPATAN) SDN BHD. 8th Floor Kenanga International Jalan Sultan Ismail 50250 Kuala Lumpur Wilayah Persekutuan 4. AFFIN HWANG NOMINEES (TEMPATAN) SDN BHD Levels 2,3,4,7 & 8 Wisma Sri Pinang 60 Green Hall 10200 Georgetown Pulau Pinang. |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Description of Others | Date of change |
No of securities
|
Price Transacted ($$)
|
| Disposed | 14 Dec 2016 |
55,166,600
|
|
| Circumstances by reason of which change has occurred | Open Market Disposal |
| Nature of interest | Direct Interest |
| Direct (units) | 6,980,088 |
| Direct (%) | 3.804 |
| Indirect/deemed interest (units) | |
| Indirect/deemed interest (%) | |
| Total no of securities after change | |
| Date of notice | 14 Dec 2016 |
| Remarks : |
Securities held after the change: a)100,960,000 Ordinary Shares (24.341% of issued shares) b) 6,980,088 (3.804% of the total Warrants in issued). The form was received on 16 December 2016. |
Announcement Info
| Company Name | MQ TECHNOLOGY BERHAD |
| Stock Name | MQTECH |
| Date Announced | 16 Dec 2016 |
| Category | Change in Substantial Shareholders Interest Pursuant to Form 29B |
| Reference Number | CS2-14122016-00124 |
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Market Buzz
Discussions
Be the first to like this. Showing 8 of 8 comments
This is old news already. He sold off the warrants only, not the mother shares. Why worry?
2016-12-16 20:13
maybe we should question who bought the 55 mil warrant from him?
I think retailer maximum take up 20% of the 55 mil, balance 80% must go to another big shark hand, right?
2016-12-17 11:15
likely he told the star in penang to write this article so he can sell. he and the star editor should be in jail
2016-12-17 15:37
what happen to golden plus and kenmark director? SC and bursa think we all forgot already
2016-12-17 15:38
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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....
VenFx
MQ ,, Kfm ,,, there must be more ...insider say another 2 more .
Juz wait and c. Same syndicate behind this ? Sc still silent mode .
2016-12-16 18:56