ANZO share issued is half of AT, lighter and easier to push.

anyway, ANZO can consider too

__________



birkincollector lol why anzo so bullish but AT going down

Do u have TSH live link?

thanks Stockiss bro


_________________


Stockiss #Bursa Wolf > Jul 4, 2020 12:04 AM : the acquisition is real, otherwise no need to form this subsidiary.

The Acquisition is a DONE deal. Signed & Sealed on 26 June that has its stock price on 29 June (next trading day) gained about 70% shoot from 0.095 to 0.16 less than a day. Unfortunately, it's poor QR ended 31 March 2020 pulled it back down.

The key question is Will it rise back up and when? Once ATS officially announce installation & production of medical glove that stated in SSA to be within 4 months after acquisition, right about yearend winter when Covid-19 expected to peak.

why got people keep saying Pearl Glove loses money? got prove?

I checked liao, Pearl Glove had already received down payment from AT

the acquisition is real, otherwise no need to form this subsidiary:

The Board of Directors of AT Systematization Berhad is pleased to announce that the Company had on 15 June 2020 incorporated a new wholly owned subsidiary, AT Glove Engineering Sdn. Bhd.

Please refer to the attached announcement for further details.

The anouncement is dated 15 June 2020.

I heard AT pending another announcement soon

I think can buy and invest for AT, as long as entry price is below 10c

take over process needs one month, stay tuned

AT next resistance at 15c

AT next resistance is 15c

should be safe to buy now

On 26 June 2020, the Board of Directors of ATS (“Board”) wishes to announce that AT Glove
Engineering Sdn Bhd (“AGESB”), a wholly-owned subsidiary of the Company, had on even
date entered into a share sale agreement with the vendors, namely Hai Hong Capital Sdn Bhd
(“HHCSB”), P’ng Sim Guan, P’ng Lai Heng, Hai Hong Holdings Sdn Bhd (“HHHSB”) and Aaron
Khoo Teng Soon (“Aaron Khoo”) (collectively referred to as the “Vendors”) for the proposed
acquisition by AGESB of the entire equity interest in PGSB, for a total purchase consideration
of RM22.0 million to be satisfied entirely by cash (“SSA”).

The SSA was entered into to facilitate ATS and its subsidiaries’ (“ATS Group” or the “Group”)
expansion into the gloves industry via AGESB. Central to the Group’s venture into the gloves
industry, the Group intends to adopt a three-pronged approach as follows:-

(i) the Proposed Acquisition of PGSB which is principally involved in the research and
development, manufacturing, export and sale of work gloves. The Group expects that
the skills, expertise and experience of PGSB in the glove industry, its manufacturing
facilities and existing operations will ease the Group’s segue into the gloves industry;

(ii) expansion into the manufacture and sale of medical grade nitrile examination gloves
with plans to install and commission up to 20 productions lines within 36 months to
manufacture medical grade nitrile examination gloves which is expected to yield a
production capacity of up to 3.0 billion pieces of gloves per annum (“Manufacture of
Medical Gloves”); and

(iii) expansion into the provision of design, engineering and technology works, fabrication
as well as installation of machines for the manufacture of gloves and other rubberrelated products within 3 years (“Manufacture of Machines for Glove Industry”),

Coronavirus Cases:
10,285,127
view by country
Deaths:
505,219

https://www.worldometers.info/coronavirus/

Resistance 1: 15c, resistance 2: 20c

（吉隆坡29日讯）宜鼎系统（AT Systematization Bhd）宣布收购工业手套制造商，刺激股价今早大涨31.82%。

截至早上10时31分，该股升3.5仙，至14.5仙，市值为2亿3900万令吉。成交量达2亿8814万股，超出其200天平均交易量3988万令吉。

该股今早成为马股最大热门股。

宜鼎系统上周五向大马交易所报备，将斥资2200万令吉现金收购手套制造商Pearl Glove私人有限公司（PGSB）。

卖家为Hai Hong Capital私人有限公司、P'ng Sim Guan、P'ng Lai Heng、Hai Hong Holdings私人有限公司及Aaron Khoo Teng Soon。

宜鼎系统指出，PGSB是一家值得信赖和经过测试的代工生产/贴牌生产（（OEM/ODM）安全手套制造商，现有业务前景非常乐观，因为全球范围内工作场所和安全实践的改善，对工业安全手套的需求也在成比例增加。

此外，该集团表示，在收购后的三年内，有意涉足制造医疗手套业务。

DanielT u can get the SSM report for PEARL GLOVES

my face value is before take over, if after take over it will be a small glove company, fair value should be at least 30 cent

fair value for AT is around RM 0.15 to RM 0.18

nothing much to worry as the deal is on

Now the COVID-19 getting worse, transforming to become medical glove maker will be benefiting the company

Reference is made to the announcements made by the Company on 12 June 2018 and 30 October 2019 respectively, pertaining to the Collaboration Agreement between Malaysian Institute of Accountants (“MIA”) and Extol Corporation Sdn Bhd (“ECSB”), a wholly-owned subsidiary of AppAsia on 12 June 2018 to exclusively develop and promote an Industry-wide Electronic Bank Confirmation Platform “eConfirm.my” (“Platform”) to facilitate bank confirmation process in Malaysia.



The Company wishes to announce the official launch of “eConfirm.my” (“Platform”) on 26 June 2020 after the completion of the trial run and rolled out the soft launch since 5 May 2020 with eight licensed financial institutions in Malaysia as Participating Financial Institutions to the Platform.



The main objective of the Platform is to improve the bank confirmation efficiency and reduce the respond time from weeks to days. This collaboration is for a period of 12 years contract period from 2018 until 2030.



At the initial stage, the Platform will levy a flat transaction fee of RM15 (excluding service tax) for confirmation conducted through the Platform. The current target market of the Platform are member firms of MIA who are currently auditing approximately 1.3 million private and public limited company registered with Companies Commission of Malaysia (“CCM”) who are required to procure bank balance confirmation from licensed financial institutions for the preparation of statutory and/or non-statutory audit.



As at the date of this announcement, 354 of member firms of MIA had registered as participating auditors with the Platform and the Company expects more member firms to participate in the Platform after the launch.



Being the exclusive service provider through the Platform, the Company will endeavor to add more licensed financial institutions as Participating Financial Institutions. The Company will also launch campaigns to promote awareness and encourage the usage of the Platform by member firms of MIA.



This announcement is dated 25 June 2020.

Frankly Speaking: Strange happenings at ConnectCounty
TheEdge Mon, Jun 22, 2020 02:00pm - 2 days ago


As stocks rally, strange things seem to be happening. ConnectCounty Holdings Bhd said last Tuesday in a filing that it could be targeted by S5 Systems Sdn Bhd for a reverse takeover (RTO).

This was in response to a blog post on an investing site that said ConnectCounty could be targeted by S5 Systems for a backdoor listing. The post has since been removed.

ConnectCounty, which makes cables, wires, connectors and related products, clarified that it is “in negotiations with the relevant party pertaining to the possible RTO exercise involving S5 Systems”. However, nothing has been signed yet.

S5 Systems has been in the news for partnering a number of listed companies to bid for the billion-ringgit National Integrated Immigration System contract.

ConnectCounty must be upset with its staff, team of advisors and investment bankers for allowing market-sensitive information to be leaked to the public.

But interest in its stock had already picked up on May 14 . Its share price rose to an intraday high of 11.5 sen from eight sen. On June 12, when the volume traded surges to 214.97 million shares and its share price reached an intraday high of 37.5 sen, then the highest in over five years. The stock closed at 32 sen last Friday.

It is also worth noting that on June 11, major shareholder Ang Chuang Juay, started disposing of shares in ConnectCounty. A total of 1.6 million shares were transacted for RM535,992.

A coincidence perhaps? Whatever it is, many will be keeping watch on ConnectCounty and its RTO talks. Should the regulator be looking into this?

CONNECT did mentioned that S5 is still negotiate with them

Technical wise support 28c, resistance 35-36c

MyEG partners S5 to strengthen bid for NIIS contract
TheEdge Mon, Jun 22, 2020 05:00pm - 2 hours ago


THE proposed acquisition of a 10% stake in S5 Holdings Inc by My EG Services Bhd (MyEG) will strengthen the group’s chance to win the RM1.8 billion National Integrated Immigration System (NIIS) contract, say industry observers.

This is because S5’s expertise in the provision of technological systems and services for national security has been well proven. The company has rolled out national security systems in countries such as Malaysia, Myanmar, India, Bangladesh and Nepal.

“It is obvious now who is going to win the NIIS contract,” says an official whose company is also one of the bidders of the contract to develop an integrated immigration control system to be deployed at the country’s entry points such as airports and land crossings.

Contacted by The Edge for comment on the synergies of the partnership, a MyEG spokesperson says S5 is a specialist in border security control, specifically in the provision of systems for the processing and verification of travellers arriving in and leaving the country.

“As this is a service segment in which MyEG is not involved, the partnership is complementary and mutually beneficial for both companies, bringing together each other’s unique expertise,” the spokesperson says.

The announcement had also excited the market. A day after the deal was announced by MyEG, its share price jumped 3.65% to close at RM1.42 on June 11. The counter continued its ascent on June 12, closing at RM1.45.

Meanwhile, the share price of MYEG’s competitor and another bidder for the NIIS contract, HeiTech Padu Bhd, fell 5.4% to RM1.06 on June 11. The stock continued to slide on Friday, settling at RM1.04.

To recap, on June 10, MyEG announced that its wholly-owned subsidiary My EG Capi­tal Sdn Bhd had entered into a share sale agreement (SSA) and a put and call options agreement (PCOA) with Merrington Assets Ltd (MAL) for the purchase of 118 million ordinary shares in S5, representing 10% of its issued and paid-up share capital for a total purchase consideration of RM90 million.

RM75 million of the purchase consideration will be paid in cash, and the rest, in the issuance and allotment of MyEG’s shares to MAL at the issue price of RM1.20 per share.

According to the announcement, MAL owns 20% of the issued and paid-up shares of S5, while NSA Technology Sdn Bhd owns a 76.4% stake in the company. The rest is owned by Avocat Sdn Bhd.

The directors of S5 are Tuan Syed Mohammad Hafiz Syed Razlan, Aaron Loke Khy-Min, Kurian Thomas Jacob Thomas, Chan See Siang and Effendi Ramli. It has two subsidiaries — S5 Systems Sdn Bhd and S5 Code Solutions Kazakhstan LLP.

S5 Systems’ business activity is in the provision of national security solutions involving the provision of security technology intellectual property as well as the development and customisation of solutions and systems, consultancy and support.

The announcement states that the net assets of S5 as at June 30, 2019 stood at RM21.7 million, while its net profits for the financial year ended June 30, 2019 (FY2019) was RM63.2 million.

According to data from the Companies Commission of Malaysia (SSM) in FY2019, S5 Systems reported revenue of RM116.86 million, 17.7% lower than the preceding year’s revenue of RM147.75 million. At the same time, its profit after tax (PAT) fell 41% to RM63.4 million.

S5 Systems has been profitable over the last five financial years to June 30, 2019 (FY2014 to FY2019, with no record for FY2017). Over the last five years, the company’s PAT ranged between RM7.23 million recorded in FY2015 and RM152.84 million in FY2014.

Over the last three years, the company has also been consistently paying dividends to its shareholder S5, contributing RM60 million in FY2016, followed by RM114.1 million in FY2018 and RM102 million in FY2019.

S5 Systems has been in the news in the past few years. In July 2016, Goodway Integrated Industries Bhd proposed to acquire the company for RM900 million from its then 100% parent company NSA Technology, to be satisfied via share issuance.

The proposal was withdrawn in February 2017. NSA Technology was then controlled by Datuk Seri Johann Young through his company Tenang Masyhur Sdn Bhd.

SSM data shows that NSA Technology is no longer owned by Tenang Masyhur but by a Labuan-incorporated company called NSA Technology (L) Ltd. It is not known who owns NSA Labuan.

While the deal is seen as positive for MyEG, questions arise as to who is the ultimate shareholder of the S5 stake that is being sold.

This is because checks on SSM show that the shareholders of MAL — Vent Millions Sdn Bhd, Barolagun Sdn Bhd and Venstrait Sdn Bhd — and others are ultimately owned by companies based on the island of Tortola, in the British Virgin Islands.

“Since S5 is involved in the bidding for NIIS, its ultimate shareholder should be revealed. This is because NIIS is a major public procurement contract, and ...

thanks for the info brother

S5 Systems提出倒置收购 ConnectCounty承认洽谈中



（吉隆坡16日讯）ConnectCounty Holdings Bhd正与相关方就涉及S5 Systems私人有限公司的潜在倒置收购进行谈判。

电缆和电线制造商ConnectCounty今日向大马交易所报备，它尚未就此事签署任何协议。

“但是，如果此事有进一步的发展，公司将酌情发布必要的公告。”

ConnectCounty说：“董事部意识到有必要向公众适当传播信息，将就任何重大问题及时发布相关公告。”

针对klse.i3investor.com网站上周六发表的一篇文章，ConnectCounty今天发布声明作出回应。

文章指出：“ ... ConnectCounty将成为S5 Systems进行后门上市（倒置收购）的下一个工具...”

截至下午4时11分，ConnectCounty跌1仙或3.03%，至32仙，市值为1亿2841万令吉，逾1亿8400万股转手。

brother Britishshorthair , can u share more about this, thanks in advance

___________________

Britishshorthair The edge reported this weekend, regardless who wins, S5 is a winner as all companies bidding for NIISE have some part of work with S5 for a few requirements. Meaning S5 actually holds the ultimate Ace card!! If thats true, Connect County can be the next lottery!

August will announce the winner of the IIS project

Who owns this company vying for RM1.5 bil immigration system tender?

By Xavier Kong | June 10, 2020 7:10 pm | Featured, Mainstream


The RM1.5 bil National Integrated Immigration System (IIS) is expected to be awarded soon and the frontrunners have been identified.

The usual suspects include listed tech giants Datasonic Group Bhd, Scicom (MSC) Bhd, HeiTech Padu Bhd and Opcom Holdings Bhd. Thrown in the mix are Iris Corp Bhd and MyEG Services Bhd.

But there is also an unlisted company that identifies as a global integrated security solutions provider for governments and enterprises – S5 Systems Sdn Bhd. This was reported by FocusM in December last year.

Given that this company is privately held, not much is known about them. According to company filings, the ultimate beneficial owner of the company is an offshore or overseas entity NSA Technology (L) Inc which in turn owns NSA Technology Sdn Bhd, the parent company of S5 Systems.

S5 Systems’ directors are Syed Mohammad Hafiz Syed Razlan, Aaron Loke Khy-Min, Kurian Thomas Jacob Thomas, Effendi Ramli and Chan See Siang.

Syed Mohammad Hafiz is the sole director of NSA Technology Sdn Bhd. Both S5 Systems and NSA Technology share an office.

Syed Mohammad Hafiz's father Syed Razlan Syed Putra Jamalullail is the younger brother of Raja Perlis Tuanku Syed Sirajuddin Putra Jamalullail. Syed Razlan was former Arau MP and he joined Bersatu from Umno on July 15, 2018.

Syed Mohammad Hafiz also owns a 0.42% stake in listed automobile leather seat designer Pecca Group Bhd.

But the trail stops there as NSA Technology (L) Inc is an offshore or overseas company. Its shareholders and owners can’t be ascertained except for a 2016 report that links NSA Technology Sdn Bhd to well-connected entrepreneur Johann Young. But company filings for NSA Technology Sdn Bhd do not reflect Young’s name.

This raises questions as the IIS is a matter of national security.

According to the latest filings, S5 Systems’ total assets stood at RM82.7 mil with revenue of RM116.8 mil and a profit-after-tax of RM68.3 mil for the financial year ended June 30, 2019.

For context, other frontrunners especially the listed companies have better transparency as they are subject to Main Market requirements and are under the purview of Bursa Malaysia.

Conversely, S5 Systems remains a relatively unknown company in the matter with no clear ultimate beneficial owner. This raises concerns that an important tender involving national security might be awarded to an opaque company.

At the time of writing, FocusM’s attempts to contact S5 Systems as well as NSA Technology were unsuccessful. - June 10, 2020

Friday candlestick shows a rebound signal for AT, I think next week will go up

I see short term resistance at 60 cent

Actually what the reason today rebound from 28 cent?

any news ? why suddenly up?

why suddenly go up from 30c to 50c?

Ang, Director, has to dispose off his share, as the company now is acquired by S5

if not mistaken, Ang had to sell his shares as take over in progress.

technical wise, short term TP 40 CENT and 45 CENT

RGTBHD friday show the technical rebound candle stock, next resistance 29.5c-30c and 36.5c-37c

I heard S5 is a good profit company, every year making above 50 mil per annum.

Who owns this company vying for RM1.5 bil immigration system tender?
By Xavier Kong | June 10, 2020 7:10 pm |


The RM1.5 bil National Integrated Immigration System (IIS) is expected to be awarded soon and the frontrunners have been identified.

The usual suspects include listed tech giants Datasonic Group Bhd, Scicom (MSC) Bhd, HeiTech Padu Bhd and Opcom Holdings Bhd. Thrown in the mix are Iris Corp Bhd and MyEG Services Bhd.

But there is also an unlisted company that identifies as a global integrated security solutions provider for governments and enterprises – S5 Systems Sdn Bhd. This was reported by FocusM in December last year.

Given that this company is privately held, not much is known about them. According to company filings, the ultimate beneficial owner of the company is an offshore or overseas entity NSA Technology (L) Inc which in turn owns NSA Technology Sdn Bhd, the parent company of S5 Systems.

S5 Systems’ directors are Syed Mohammad Hafiz Syed Razlan, Aaron Loke Khy-Min, Kurian Thomas Jacob Thomas, Effendi Ramli and Chan See Siang.

Syed Mohammad Hafiz is the sole director of NSA Technology Sdn Bhd. Both S5 Systems and NSA Technology share an office.

Syed Mohammad Hafiz's father Syed Razlan Syed Putra Jamalullail is the younger brother of Raja Perlis Tuanku Syed Sirajuddin Putra Jamalullail. Syed Razlan was former Arau MP and he joined Bersatu from Umno on July 15, 2018.

Syed Mohammad Hafiz also owns a 0.42% stake in listed automobile leather seat designer Pecca Group Bhd.

But the trail stops there as NSA Technology (L) Inc is an offshore or overseas company. Its shareholders and owners can’t be ascertained except for a 2016 report that links NSA Technology Sdn Bhd to well-connected entrepreneur Johann Young. But company filings for NSA Technology Sdn Bhd do not reflect Young’s name.

This raises questions as the IIS is a matter of national security.

According to the latest filings, S5 Systems’ total assets stood at RM82.7 mil with revenue of RM116.8 mil and a profit-after-tax of RM68.3 mil for the financial year ended June 30, 2019.

For context, other frontrunners especially the listed companies have better transparency as they are subject to Main Market requirements and are under the purview of Bursa Malaysia.

Conversely, S5 Systems remains a relatively unknown company in the matter with no clear ultimate beneficial owner. This raises concerns that an important tender involving national security might be awarded to an opaque company.

At the time of writing, FocusM’s attempts to contact S5 Systems as well as NSA Technology were unsuccessful. - June 10, 2020

we got backdoor government and in stock market we got backdoor listing

BASED ON TECHNICAL , NEXT TP IS 29-30 CENT

wow, non stop spamming

carepls bye bye

fake push, careful

coming week oil theme, hibiscs shall be good

after the COVID-19, lock down and political drama, Pahang state is in huge deficit and a lot of the people there very poor now. The Pahang state government high chance to re-open the mining activity soon.

Actually in Jan 2020, the SOP already set up, but delayed till now due to COVID-19. Today, our PM announced that we are entering into recovery stage. So might be good news soon.


https://www.nst.com.my/news/nation/2020/01/557098/bauxite-mining-start-once-operators-are-ready-says-pahang-mb

you all better avoid DSONIC