At current price, seem reasonable compared to 26sen high recently. Sudah turnaround, biz tak rugi macam dulu

Based on p/b value~0.5 only although anzo is profitable based on the recent quarterly report

DETAILS OF THE PROPOSED DIVERSIFICATION
Anzo Group is principally involved in investment holding, provision of management service, property development, construction and trading of construction materials, provision of marketing services, provision of timber processing services, timber kiln drying, sawmilling and marketing sawn timber (“Existing Business”). The Group has recently rationalised its business activities to improve operation’s efficiency whereby Anzo Trading will be the trading arm of the Group’s trading business to undertake the trading of construction materials and copper scrap.
Simultaneous with the execution of the Supply Agreement, the Group intends to diversify its existing business into trading of industrial materials and related business (“Trading Business”). At the initial stage of the Trading Business, the Group intends to focus on trading of metal (such as copper scrap).
Although the Group does not have prior experience in the Trading Business, the Board believes that the Group has the capacity, capabilities and resources to diversify into the Trading Business after taking into consideration the experience of the Company’s Managing Director, namely Datuk Chai Woon Chet (“Datuk Chai”), who spearheads the Group’s expansion into the Trading Business. He is supported by Pang Jiunn Chiang, the Company’s Project Director.

Cash position is strong. Marketing its softwares, etc abroad soon probably

NETX HOLDINGS BERHAD (533441-W)
(Incorporated in Malaysia)
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR YEAR TO DATE ENDED 31 MAY 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Profit / (Loss) before taxation Adjustment for:
Depreciation of property, plant and equipment Amortisation of intangible assets Amortisation of deferred income
Share-based payment expenses accrued Property, plant and equipment written off Loss on fair value revaluation on investment Unrealised foreign exchange (gain)/loss Interest expense
Interest income
Operating (loss)/profit before working capital changes
Decrease / (Increase) in current assets Increase / (Decrease) in current liabilities Advance receipts for deferred income
Cash Used in Operations
Tax Refund / (Paid) Interest received Interest paid
Net Cash Used in Operations
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment
Acquisition of intangible assets
Net Cash From/(Used in) Investing Activities
CASH FLOW FROM FINANCING ACTIVITIES
Proceed from issuance of shares
Repayment of term loans
Net Cash Used in Financing Activities
NET CHANGE IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS BROUGHT FORWARD EFFECT ON FOREIGN CURRENCY TRANSLATION
CASH AND CASH EQUIVALENTS CARRIED FORWARD
Cash and cash equivalents at end of year consist of :-
Cash and bank balances
(891)
669
615 (125)
1,283 1 2,727
(3,875) 60
(6)
458 (4,451) (222)
87 (4,128) (1)
6 (60) (4,183)
(83) (2,217) (2,300)
12,853 (111)
12,742 6,259
35,229 1,032 42,520
42,520
CURRENT YEAR TO DATE 31/05/2020 RM'000
PRECEDING YEAR TO DATE 31/05/2019
**
N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A
N/A N/A N/A
N/A
N/A N/A N/A
N/A

Esok, kembali 53sen atau lebih? Tiada right issue, semoga bahagia :)

KLSE : GPACKET GREEN PACKET BHD
Last Price Today's Change Day's Range Trading Volume
0.50 -0.02 (3.85%) 0.495 - 0.57 248,463,100

Would Macquerie Bank or Finexia from Australia become a substantial shareholder after the right issue? :)



NetX teams up with Finexia to roll out forex digital platform in Australia
NetX Holdings Bhd has teamed up with Finexia Securities Ltd, a licensed financial services firm in Australia, to roll out a currency exchange digital platform with in-built e-wallet functions.

The E-FX Platform was developed by NetX.

Under the deal, Finexia will be responsible to secure “as soon as possible” the fintech regulatory sandbox license from the Australian Securities and Investment Commission for the initial real market testing of the E-FX Platform.

NetX said the initial roll out and real market testing of the E-FX Platform will be carried out in Malaysia and Australia.

Tunggu Dana Hongkong, China masuk sapu bersih nanti? :)

Sanston Financial Group Limited?

Sanston Financial Group Limited (Sanston)
Sanston is a licensed securities broking firm with its headquarters in Hong Kong. With a highly experienced team of senior securities and financial professionals, Sanston has established a successful business model that serves high net worth and retail clients in the financial industry. We offer a full suite of brokerage services to enable clients to leverage their investment ideas. Sanston has rapidly built up a global bank of institutional and high net worth clients and is currently undergoing rapid expansion in service provisions with plans to provide futures,options, asset management and corporate finance advisory in the near future.


ANALYSIS of shareholdings
As at 19 march 2020
LIST OF TOP 30 SHAREHOLDERS
No. of Percentage
NAME Shares held (%)
1 M & A NOMINEE (TEMPATAN) SDN BHD 260,000,000 6.341
EXEMPT AN FOR SANSTON FINANCIAL GROUP LIMITED (ACCOUNT CLIENT)









2 MERRY NOEL ROBERT 150,000,000 3.658
3 LAU KOK SENG 47,962,100 1.170
4 ANG HUI CHAN 45,240,000 1.103
5 LEE KIM SOON 37,322,500 0.910
6 THEAW POH CHOO 31,001,000 0.756
7 KOH PENG CHEONG 20,000,000 0.488
8 CHOO KENG KIT 18,750,000 0.457
9 MAYBANK NOMINEES (TEMPATAN) SDN BHD 15,452,100 0.377
HONG CHUAN CHUAN
10 CHOO AH NGO 14,000,000 0.341
11 CHUNG KIN CHUAN 13,701,000 0.334
12 BAILEY PLASTER SDN BHD 13,500,000 0.329
13 MAH KOK FOON 13,500,000 0.329
14 JOHARI BIN SHAFIE 12,750,000 0.311
15 CGS-CIMB NOMINEES (TEMPATAN) SDN BHD 12,178,500 0.297
PLEDGED SECURITIES ACCOUNT FOR KOH WOOI KHIANG (T TAMINGJAYA-CL)
16 MAYBANK NOMINEES (TEMPATAN) SDN BHD 11,800,000 0.288
TAN KEE CHUAN
17 TAN AH SWEE 10,956,000 0.267
18 CHAN WENG KAI 10,510,000 0.256
19 MAYBANK NOMINEES (TEMPATAN) SDN BHD 10,200,000 0.249
LEE KOK CHONG
20 LIEW KIM CHOI 10,000,000 0.244
21 ROSZALI BIN MOHAMED 10,000,000 0.244
22 NORSHAM BINTI ABAS 9,250,000 0.226
23 YEONG YOKE YEE 9,082,500 0.222
24 LIAN SIEW MEI 9,000,000 0.219
25 NG YOKE HIN 9,000,000 0.219
26 CHAN POH YEE 8,700,000 0.212
27 THIAN OWN CHIN 8,510,000 0.208
28 TAI KEN LOY 8,429,200 0.206
29 THONG CHEE LENG 8,033,600 0.196
30 CHUNG SENG @ CHUNG TAI SENG 8,000,000 0.195
TOTAL 846,828,500 20.652

Buatlah analisis sendiri. Usahlah dipengaruhi oleh sesiapa. Selamat malam saudaraku. :)

These scammers are trying very hard to Encourage you to sell your ORs and shares cheaply to them. Selamat malam saudaraku. :)

Move on, stop being bitter. Saudaraku :)

Tomorrow is expected to be more aggressive and rigorous. Semoga bahagia saudaraku :)

Also, mother share reached 27mil shares++ traded , the highest volume traded after share consolidation beginning September 23. A Very positive indicator that IT will move higher and higher till friday.

Cash rich groups or friendly parties of largest shareholder are buying non-stop probably.

Monday & today, 320mil ORs++ Traded. Tomorrow, 1-2sen probably. Short supply, scarcity

see any action later to rush in to grab the ORs for those who wanted to control netx, anything can happen :)

ORs buy rate 81%, total value traded... RM330K+ many relunctant sellers :)

banyak drama, ada lagi? :)

"The board (of Key Alliance) is reaffirming its commitment as a strategic partner to XOX by moving to be the largest shareholder, in order to continue developing a collaborative and complementary platform for the growth of digital economy businesses, as well as cloud computing and archival requirements.

"The financial impact of the conversion can only be determined after the shares are subsequently realised in the market. However, the shares are marked to market on a quarterly basis for reporting purposes. The potential impact judging by the current share price will reflect fair value gain which will affect the quarterly result positively," Key Alliance said.

XOX made crucial announcements today and in recent days.

Today, the company said its latest issued share capital has expanded to 2.06 billion ordinary shares following the conversion of 358.43 million ICPS.

On July 16, XOX said its wholly-owned subsidiary XOX Media Sdn Bhd and Wetek Technology (M) Sdn Bhd (WTSB) had on that day entered into a 40/60 profit sharing partnership to offer micro-financing facilities to XOX’s subscribers and the general public to enhance the adoption of electronic-wallet (e-wallet).

"Pursuant to the agreement, XOX will provide the e-wallet platform to facilitate and enhance the adoption of e-wallet by the subscribers by using the micro-financing facilities from WTSB. Whereas, WTSB will provide the financing of approximately RM1 billion and credit rating algorithm facilities to XOX’s subscribers and (the) general public," XOX said.

On Wednesday (July 22), XOX said Hong Kong national Daniel Tam Ping Kuen had on that day become a substantial shareholder in the company after he acquired 120 million XOX shares or a 7.05% stake in the company via private placement.

win-win situation, mother share price up, followed by ORs up. :)

OR - 1/2sen to 1sen now, top up 13sen jadi 13.5-14sen, market price ~14-14.5sen, tak payah tunggu syer conversion, dll. almost the same.

:)

Of the total proceeds, RM25 million will be used for marketing purposes for its lifestyle mobile applications GemSpot and GemSpot Lite, RM5 million for development of food and beverage e-commerce platform, and RM8 million for development and integration of a business intelligence and data analytics system.

Another RM15 million will be utilised for the acquisition of investments in other complementary businesses, RM9.05 million for its working capital and RM900,000 for expenses for the corporate exercise.

Now mother share 14sen, right say 1sen top up 13sen ~14sen Also plus waiting period for conversion :$

Correct, then a waiting period to get your shares :)

@scenery 9600 x 0.13 = ?

Probably better to keep the mother share, no waiting period unlike right conversion. They might also push up further after the rights trading stopped so that after getting the converted shares, they could sell higher. Likely that the mother share price will be pushed up so that more people will convert the rights. :)

Mother share price does not go up, people won’t buy the rights to convert plus waiting period , etc

Those who would like to acquire a controlling stake, now is the right time.

Mother share 14-15sen, rights 1sen. I think people prefer the mother share, no waiting period for the conversion :)

Sudden surge soon? :)

OR= 15sen current price - 13sen top up/exercise price + free warrant 1sen ~ 3sen.

OR will rise if mother share price increases :)

Industri penerbangan lebih teruk daripada jangkaan – Airbus
By Agensi - 4 October 2020

Salah satu kemudahan Airbus di Bouguenais, Nantes. foto Reuters
BERLIN – Prospek industri penerbangan terus merosot disebabkan lonjakan kes jangkitan koronavirus dan lanjutan sekatan pergerakan.

Dengan keadaan luar biasa ini, ditambah pula dengan kebimbangan pengembara terhadap pandemik, syarikat penerbangan telah memperlahankan penghantaran pesawat baharu.

delivery service provider, good move!


BUSINESS CONTRACT WHICH WILL INVOLVE GEM APPOINTING LAMBOMOVE AS ITS FOOD DELIVERY SERVICE PROVIDER NETX Holdings Berhad is pleased to announce that GEM Live Sdn. Bhd. (“GEM”), an indirect wholly-owned subsidiary of the Company, had on 6 April 2020 entered with LamboMove Sdn. Bhd. for the appointment of LamboMove as GEM’s food ...

http://lambomove.com/index.html

LamboMove is the future of market place. An investment holding company, provides information technology related products and services in Malaysia, China, and internationally.

We are more than shipping.

LamboMove is an innovative last-mile delivery platform.
The limits are gone. LamboMove is here to create opportunities for you powered by our world leading software. We are a smart platform for logistics network transcending supply chains and economies while providing a more effective logistic model.

We bring unique value to our customers through our innovative technology solutions by simplifying the heavy process of shipping.

Driven by AI technology, we can sort out the shortest route and the fastest delivery time to optimise the delivery process and customize for your business needs. We help you to scale the growth of your business operations to maximize your profit

airasia japan confirmed closed , right?

would airasia tumble next week due to increasing covid-19 cases?

would genting fall below RM3 as covid-19 cases are rising again?

would genm fall below RM2 next week due to surging covid-19 cases?

Is Calvin still holding netx shares? :)

09-Nov-2019 NETX MISSION STATEMENT (Official email enquiry by Calvin Tan to Ms Penelope of Netx) Calvin Tan Research
12-Oct-2019 NETX (0020) CHUN CHUN CORE OF THE NFCP RM21.6 BILLIONS FOR DIGITAL INFRAR, Calvin Tan Research
11-Oct-2019 NETX'S (0020) COMING DIGITAL BULL RUN = AS SHOWN BY INSIDERS' BUYING & BUYING, Calvin Tan Research
09-Oct-2019 TOP 10 REASONS TO BUY DIGITAL STOCK: NETX (0020) A SUMMARY OF ITS SALIENT FACTORS, Calvin Tan Research
07-Oct-2019 NETX (0020) - THE MOST MISUNDERSTOOD DIGITAL STOCK OF HIDDEN VALUE, Calvin Tan Research

ESOS price is above 25sen post share consolidation :)

SIGNIFICANT EVENTS SUBSEQUENT TO THE FINANCIAL PERIOD
(a) On 18 December 2019, the Company offered 50,000,000 options at exercise price of RM0.02 each to eligible employees.
(b) On 13 January 2020, the Company offered 50,000,000 options at exercise price of RM0.02 each to eligible employees.
(c) On 5 February 2020, the Company offered 50,000,000 options at exercise price of RM0.02 each to eligible employees.
(d) On 21 February 2020, the Company offered 50,000,000 options at exercise price of RM0.02 each to eligible employees.
(e) On 28 February 2020, GEM Live, a wholly-owned subsidiary company of the Company, had incorporated a new
subsidiary company namely GEM Excite Sdn. Bhd. (“GEM Excite”). Consequently, GEM Excite became the whollyowned subsidiary company of GEM Live.
(f) On 2 March 2020, the Company offered 60,000,000 options at exercise price of RM0.0175 each to eligible employees.
(g) On 10 March 2020, the Company has issued 200,000,000 new ordinary shares pursuant to the private placement of up
to 10% of the total number of issued shares at an issue price of RM0.0144 per share amounting to RM2,880,000.
(h) On 17 March 2020, the Company had incorporated a new subsidiary company namely E-FX Sdn. Bhd. (“E-FX”).
Consequently, E-FX became the wholly-owned subsidiary company of the Company.

SIGNIFICANT EVENTS DURING THE FINANCIAL PERIOD

(a) During the financial period, the Company had issued the following ordinary shares pursuant to the private placement of
up to 30% of the enlarged total number of issued shares as follows:-
(i) 252,000,000 new ordinary shares at an issue price of RM0.0119 per share amounting to RM2,998,800 on 24 June 2019;
(ii) 220,000,000 new ordinary shares at an issue price of RM0.0136 per share amounting to RM2,992,000 on 16 July 2019;
(iii) 220,000,000 new ordinary shares at an issue price of RM0.0189 per share amounting to RM4,158,000 on 18 October
2019; and
(iv) 148,089,500 new ordinary shares at an issue price of RM0.0180 per share amounting to RM2,665,611 on 13
November 2019.
(b) On 21 November 2019, the Company announced that the private placement had been completed following the listing
and quotation of 148,089,500 ordinary shares, being the last tranche of shares for the private placement, on the ACE
Market of Bursa Malaysia.
(c) On 2 July 2018, the Company offered 116,316,900 options at exercise price of RM0.0225 each to eligible employees.
(d) On 25 April 2019, the Company announced that its wholly owned subsidiary company, GEM Live entered into a
collaboration agreement with Buy Tickets Sdn Bhd (“BuyTickets”) whereby BuyTickets shall provide and makes available
all technologies of the online ticketing website or platform know as buytickets.com.my to GEM Live. On the same date,
the Company announced that it joins forces with BuyTickets to build a regional intelligent event experiential platform.
(e) On 3 May 2019, the Company announced that the subscription rights of the Warrants will expire on the Expiry Date.
The Warrants which are not exercised on the Expiry Date will lapse and become null and void and shall cease to be
exercisable thereafter. Accordingly, the Warrants will be removed from the Official List of Bursa Malaysia with effect from
9.00 a.m. on Monday, 10 June 2019.
(f) On 27 June 2019, the Company announced that its wholly-owned subsidiary company, NetX Digital had entered into a
collaboration agreement with 2Go Technologies Group Limited for the cooperation in the development and deployment
of an electronic customer verification platform, known as the e-KYC platform, in Malaysia or any other parts of the Asia
Pacific region subject to the terms and conditions contained therein.
(g) On 25 September 2019, the Company announced that the financial year end of the Company has changed from 30 June
to 30 November.
(h) On 30 October 2019, the Company announced that it had received approval from Companies Commission of Malaysia
on the Company’s application for extension of time to hold its annual general meeting ("AGM") for more than 15 months
from its last AGM held on 28 November 2018 pursuant to Section 340 of the Companies Act 2016. Accordingly, the
Company is permitted to hold its AGM by 31 May 2020 for tabling of its audited financial statements for the financial
period ended 30 November 2019 and there will be no AGM to be held in 2019.
(i) On 13 November 2019, the Company announced that NetX Digital had entered into a Memorandum of Understanding
(“MOU”) with PUC Ventures Sdn. Bhd. (“PUCV”), a wholly-owned subsidiary company of PUC Berhad, a company listed
on the ACE Market of Bursa Malaysia. PUCV is desirous of collaborating with NetX Digital to expand, promote and
strengthen its presence in the e-commerce and financial technology (e-payment) industry based on the objectives and
scopes as set out in the MOU.
98
NOTES TO THE FINANCIAL STATEMENTS
- 30 NOVEMBER 2019 -
NETX HOLDINGS BERHAD Company Registration No. 20000103083

Details of the subsidiary companies are as follows:

Effective
Country of equity interest
Name of subsidiary incorporation/ 30.11.2019 30.06.2018
companies place of business % % Principal activities
Direct holding:
Ariantec Sdn. Bhd. Malaysia 100 100 Provision of turnkey solutions on the network
(“Ariantec”) infrastructure, security management and
rental of EFTPOS terminals
GEM Pay Sdn. Bhd. Malaysia 60 60 Provision of Master Merchant and sub-
(Formerly known as contractor services
Payallz Sdn. Bhd.)
(“GEM Pay”)
First United Technology Hong Kong 90 90 Provision of software licensing, maintenance
Limited (“FUTL”)*# and support services
Indirect holding:
Subsidiary companies
of Ariantec:
GEM Live Sdn. Bhd. Malaysia 100 100 Business of consultation, supply and
(“GEM Live”) commissioning of information technologies
NetX Digital Limited*# Republic of 100 100 Trading of information technology related
Seychelles hardware and software equipment
Indirect holding:
Subsidiary companies
of FUTL:
Fujian First United Technology China 100 100 Dormant
Co., Ltd (“FFUTCL”)*#

Exit strategy for Netx's major shareholders? Sell to China or Hongkong Conglomerate in future? :)

With the growth of Malaysia’s digital economy, cashless payment options such as the e-wallet are rapidly becoming
commonplace today and are playing a major role in propelling the marketplace towards a digital future. The e-wallet scene
today is booming with one too many e-wallet providers catering to the daily lifestyle of Malaysians. The Group foresees that
the consolidation of e-wallets is something that will happen naturally in any crowded market. The industry is still fairly young
and will take a few years more to mature and stabilise. It is still more important for the industry to promote the real value
proposition of e-wallets, which is convenience and security as opposed to using traditional cash.
The Group recognizes that while e-wallets as a financial payment product have a legitimate place in our financial system, there is
a further need and opportunity to build an ecosystem for both merchants and e-wallet companies to work together and leverage
off each other’s industrial capabilities. The focus moving forward would be to build up the entire user experience with GEM’s
platform ecosystem that is meant to grow both user base and increase the touchpoints for merchants who are looking to elevate
their businesses. This will ultimately improve the overall internal structure of financial management and benefit all parties.
These coming years will be crucial for the Group. Whilst we remain cautious over the outlook of the economy, the Group will
continue to seek new business opportunities to invest in as it has adequate funds for such purposes. The Group will continue
to reinvent and improve the business and will take affirmative steps to expand the Group’s scope of business operations
globally in ensuring lasting sustainability and profitability for its business.

Netx ada dalam Calvin's list :)

Surely, many sour grapes are here, those who bought netx at its peak before consolidation, say, 2.5sen. After consol, their costs ~ 62.5 sen per share.

Understandable. We must be considerate, let them voice out their frustrations/grievances here. :)

Another possibility is Fintec could emerge as the largest shareholder after the right issues. Fintec might enter the open market to grab both the mother shares and rights starting next monday. fingers crossed. :)


Fintec Global Berhad was founded in year 2007 under the name of Asia Bioenergy Technologies Berhad and was initially primarily focused in the gathering and linking of talents, technology, capital and industrial know-how to leverage on entrepreneurial talents and accelerate the development of new start-up companies in the local bioenergy arena.

Since the time of our incorporation, we have grown from strength to strength despite the everchanging economic landscape to become a primary Incubator for a list of diversified public and private entities in Malaysia ranging from renewable energy, engineering, financial application technology, multimedia solutions, food and beverage, oil and gas, information technology, and the agriculture industry. We have significantly enhanced their respective daily operations and improved their companies fortune via the channelling of our professional expertise.

In 2017, we made the watershed decision to change our organization’s name to Fintec Global Berhad to reflect and signify our expansion beyond the local bioenergy sector into diverse industries in Malaysia. The name “Fintec” mirrors our motto of “financials before technology”, i.e. that we first and foremost look to the existing and/or potential financial performances of the companies in need of capital injections before all other merits such as technology, business nature, business plan etc. are considered. Our new name further aligns with our current ambition and determination to continue our growth and influence in the global arena whilst being ever ready to collaborate with new Incubatees who share our hunger to grow into an international name.

OUR FOCUS
The Group has outlined and adopted an investment strategy that focuses on investing in public listed companies and forming business partnerships and alliances inter se to form synergies and ultimately create value for our shareholders. This is in line with our formation as a think-tank, profit-orientated organization that is able to nurture and develop technologies, concepts and ideas and transform them into viable business ventures. Our objective for the next 10 years is to focus on the core strength of our investee companies and lay foundations for the bridges that would benefit our Group. After all, at Fintec, we believe not in reinventing the wheel, but adding spokes to what works.


BIOMASS
CONVERSION

MICROBIAL AGRICULTURE
APPLICATIONS

SOLAR
ENERGY

SOLAR IPP
INFRASTRUCTURE


OUR INCUBATEES
The Group's current investment portfolio touches on the following Industries:-


Financial and Application Technology

Renewable Technology

Food and Beverage

Precision Engineering

Multimedia Solutions

Maybe, some parties wanted to subscribe more shares via the right issues. So, pay someone to talk bad about netx during this period. less people to subscribe so that they could subscribe more shares to become a substantial shareholder of netx cheaply. :)

Say, 1sen pre-consol price, post-consol price 25sen, 1.5sen, post-consol price 37.5, etc.

Current price is reasonably low based on its 2 years' past record :)

NETX Historical Data
Time Frame:

Monthly
10/14/2018 - 10/03/2020


Date Price Open High Low Vol. Change %

Post-consolidation price
Oct 20 0.145 0.150 0.160 0.140 12.27M -21.62%

Pre & post consolidation prices
Sep 20 0.185 0.015 0.300 0.010 9.05M 1,133.33%

Pre-consolidation price
Aug 20 0.015 0.010 0.025 0.010 4.71B 0.00%
Jul 20 0.015 0.010 0.015 0.005 1.63B 50.00%
Jun 20 0.010 0.010 0.015 0.005 1.15B 0.00%
May 20 0.010 0.010 0.015 0.010 279.91M 0.00%
Apr 20 0.010 0.010 0.015 0.005 800.55M 0.00%
Mar 20 0.010 0.020 0.020 0.005 503.48M -50.00%
Feb 20 0.020 0.015 0.025 0.015 416.80M 0.00%
Jan 20 0.020 0.020 0.025 0.015 328.23M 0.00%
Dec 19 0.020 0.020 0.025 0.015 209.62M 0.00%
Nov 19 0.020 0.020 0.025 0.015 845.78M 0.00%
Oct 19 0.020 0.010 0.025 0.010 1.32B 100.00%
Sep 19 0.010 0.015 0.015 0.005 541.17M -33.33%
Aug 19 0.015 0.015 0.020 0.010 1.01B 0.00%
Jul 19 0.015 0.015 0.020 0.010 1.41B 0.00%
Jun 19 0.015 0.015 0.015 0.010 32.67M 0.00%
May 19 0.015 0.015 0.020 0.010 51.32M 0.00%
Apr 19 0.015 0.020 0.020 0.015 64.93M 0.00%
Mar 19 0.015 0.015 0.020 0.010 101.01M -25.00%
Feb 19 0.020 0.020 0.020 0.015 13.51M 33.33%
Jan 19 0.015 0.020 0.020 0.015 51.34M -25.00%
Dec 18 0.020 0.020 0.025 0.010 60.18M 0.00%
Nov 18 0.020 0.020 0.025 0.015 64.82M 0.00%

Agreed with Calvin. Subcribe the shares with the RIs.

I think, someone wanted to control Netx as a major shareholder via the right issue. If you look at the financial statements, RM40mil cash & cash equivalents were available as at 31.5.2020 per QR.

Currently, the largest shareholder only owns 6%+ stake as at 19 March 2020.

ANALYSIS of shareholdings
As at 19 march 2020
LIST OF TOP 30 SHAREHOLDERS
No. of Percentage
NAME Shares held (%)
1 M & A NOMINEE (TEMPATAN) SDN BHD 260,000,000 6.341
EXEMPT AN FOR SANSTON FINANCIAL GROUP LIMITED (ACCOUNT CLIENT)
2 MERRY NOEL ROBERT 150,000,000 3.658
3 LAU KOK SENG 47,962,100 1.170
4 ANG HUI CHAN 45,240,000 1.103
5 LEE KIM SOON 37,322,500 0.910
6 THEAW POH CHOO 31,001,000 0.756
7 KOH PENG CHEONG 20,000,000 0.488
8 CHOO KENG KIT 18,750,000 0.457
9 MAYBANK NOMINEES (TEMPATAN) SDN BHD 15,452,100 0.377
HONG CHUAN CHUAN
10 CHOO AH NGO 14,000,000 0.341
11 CHUNG KIN CHUAN 13,701,000 0.334
12 BAILEY PLASTER SDN BHD 13,500,000 0.329
13 MAH KOK FOON 13,500,000 0.329
14 JOHARI BIN SHAFIE 12,750,000 0.311
15 CGS-CIMB NOMINEES (TEMPATAN) SDN BHD 12,178,500 0.297
PLEDGED SECURITIES ACCOUNT FOR KOH WOOI KHIANG (T TAMINGJAYA-CL)
16 MAYBANK NOMINEES (TEMPATAN) SDN BHD 11,800,000 0.288
TAN KEE CHUAN
17 TAN AH SWEE 10,956,000 0.267
18 CHAN WENG KAI 10,510,000 0.256
19 MAYBANK NOMINEES (TEMPATAN) SDN BHD 10,200,000 0.249
LEE KOK CHONG
20 LIEW KIM CHOI 10,000,000 0.244
21 ROSZALI BIN MOHAMED 10,000,000 0.244
22 NORSHAM BINTI ABAS 9,250,000 0.226
23 YEONG YOKE YEE 9,082,500 0.222
24 LIAN SIEW MEI 9,000,000 0.219
25 NG YOKE HIN 9,000,000 0.219
26 CHAN POH YEE 8,700,000 0.212
27 THIAN OWN CHIN 8,510,000 0.208
28 TAI KEN LOY 8,429,200 0.206
29 THONG CHEE LENG 8,033,600 0.196
30 CHUNG SENG @ CHUNG TAI SENG 8,000,000 0.195
TOTAL 846,828,500 20.652

i believe the largest or major shareholders will sapu some shares today before closing time to improve the selling price of their rights to be traded next monday. fingers crossed.

i think oversold due to rumours, etc. expecting it to rebound before closing time. Say, close at 16sen, the rights will be traded at 3sen next monday, if 17sen, then 4sen, 18sen, then 5sen, etc.


Thus, think carefully before selling your share today at great loss.

Good luck guys!

RM42mil+ cash and cash equivalents :)

NETX HOLDINGS BERHAD (533441-W)
(Incorporated in Malaysia)
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR YEAR TO DATE ENDED 31 MAY 2020
CURRENT YEAR PRECEDING YEAR
TO DATE TO DATE
31/05/2020 31/05/2019
RM'000 **
CASH FLOWS FROM OPERATING ACTIVITIES
Profit / (Loss) before taxation (891) N/A
Adjustment for:
Depreciation of property, plant and equipment 669 N/A
Amortisation of intangible assets 615 N/A
Amortisation of deferred income (125) N/A
Share-based payment expenses accrued 1,283 N/A
Property, plant and equipment written off 1 N/A
Loss on fair value revaluation on investment 2,727 N/A
Unrealised foreign exchange (gain)/loss (3,875) N/A
Interest expense 60 N/A
Interest income (6) N/A
Operating (loss)/profit before working capital changes 458 N/A
Decrease / (Increase) in current assets (4,451) N/A
Increase / (Decrease) in current liabilities (222) N/A
Advance receipts for deferred income 87 N/A
Cash Used in Operations (4,128) N/A
Tax Refund / (Paid) (1) N/A
Interest received 6 N/A
Interest paid (60) N/A
Net Cash Used in Operations (4,183) N/A
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment (83) N/A
Acquisition of intangible assets (2,217) N/A
Net Cash From/(Used in) Investing Activities (2,300) N/A
CASH FLOW FROM FINANCING ACTIVITIES
Proceed from issuance of shares 12,853 N/A
Repayment of term loans (111) N/A
Net Cash Used in Financing Activities 12,742 N/A
NET CHANGE IN CASH AND CASH EQUIVALENTS 6,259 N/A
CASH AND CASH EQUIVALENTS BROUGHT FORWARD 35,229 N/A
EFFECT ON FOREIGN CURRENCY TRANSLATION 1,032 N/A
CASH AND CASH EQUIVALENTS CARRIED FORWARD 42,520 N/A
Cash and cash equivalents at end of year consist of :-
Cash and bank balances 42,520 N/A

Dateline Jan 2021, within 3 years, believe good continuous income for netx upon completion. :)

STATUS OF UTILISATION OF PROCEEDS RAISED FROM SHARE ISSUANCE TO
MACQUARIE BANK LIMITED
On 16 June 2017, the Company entered into a conditional subscription agreement with Macquarie
Bank Limited (“Macquarie Bank”) in relation to the proposed issuance and allotment of up to 500
million new ordinary shares in NetX to Macquarie Bank in accordance with the terms and
conditions of the Subscription Agreement (“Proposed Share Issuance”)
The Shares Issuance was completed on 19 January 2018. The 500 million Subscription Shares
under the Share Issuance have fully subscribed by Macquarie Bank raising RM21,103,000 for the
Company.
Purpose
Proposed
Utilisation
(RM'000)
Actual
Utilisation
(RM'000)
Balance
(RM'000)
Intended
Timeframe for
Utilisation
Development and marketing of MPEX System 20,000 9,044 10,956 Within 36 months
Working Capital 323 323 - Within 24 months
Expenses for the Share Issuance 780 780 - Immediate
10,147 21,103 10,956

:)

NetX inks deal to deploy forex platform with in-built e-wallet in Australia
Arjuna Chandran Shankar

theedgemarkets.com

April 29, 2020 20:13 pm +08

KUALA LUMPUR (April 29): NetX Holdings Bhd, whose shares were the most actively traded on Bursa Malaysia today, is teaming up with Australian financial services provider Finexia Securities Ltd to introduce, promote and operate a point-to-point currency exchange digital platform that NetX developed, which comes with an in-built e-wallet function, in Australia.

The group's wholly-owned E-FX Sdn Bhd has inked a two-year collaboration agreement with Finexia Securities for the collaboration, according to NetX in a stock exchange filing.

Under the agreement that commences today, Finexia Securities will have the exclusive right to use and operate the E-FX platform in Australia. In return, it will have to generate a minimum revenue of A$4 million (some RM11.32 million) over the next two years, A$1 million in the first year and A$3 million in the second year.

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Any profits generated from the spread of forex, remittance, investment and balance floats of the E-FX platform will be split on a 50-50 basis between E-FX and Finexia Securities.

The initial rollout and market testing of the E-FX platform will be carried out in Malaysia and Australia. Towards this end, NetX's partnership with Finexia Securities will allow NetX to penetrate into the Australian markets under the steady hand of Finexia Securities, "who specialises in the equity capital markets and possesses ample experience in dealing with the Australian authorities", NetX said.

"Finexia Securities will be responsible to secure as soon as possible the fintech regulatory sandbox licence from the Australian Securities and Investment Commission for the initial real market testing of the E-FX platform in Australia," NetX added.

The idea behind the platform is to eliminate travellers’ needs to visit the traditional brick-and-mortar currency exchange dealers, and the frustration that usually entails, said NetX executive director Steve Tan.

It is also to take away worries about personal safety from carrying around huge amounts of cash, as well as address the issue of having to deal with small foreign notes that dealers refuse to accept after a vacation abroad. "The last issue was what prompted us to incorporate an e-wallet function into the E-FX platform in the first place," Tan said.

NetX shares closed 50% or half a sen higher at 1.5 sen per share today, valuing it at some RM67.69 million, after 146.65 million shares exchanged hands.


Finexia Financial is an ASX listed (FNX:ASX) diversified financial services provider specialising in stockbroking, funds management, corporate finance and advisory services to private, institutional and corporate clients.

Our expert team boasts a wealth of experience and technical knowledge across all facets of wealth management including share market trading and advice, banking and commercial lending, asset management, and financial services licensing.

Our commitment and aim is focused on value creation for our clients through prudent advice, tailoring solutions and strategies to meet our client’s specific needs and goals.

At Finexia our business and its success is anchored in relationships built on the pillars of trust, integrity and delivering results.

NETX (0020): NETX HOLDINGS BHD - Overview | I3investor


NETX HOLDINGS BHD
Last Price Today's Change
0.15 -0.01 (6.25%)

Board: ACE
Sector: Technology
Avg Volume (4 weeks): 42,811,668
4 Weeks Range: 0.01 - 0.30
52 Weeks Range: 0.005 - 0.30
Average Price Target: -
Date Close
01/10/2020 0.16
30/09/2020 0.185
29/09/2020 0.20
28/09/2020 0.20
25/09/2020 0.21
24/09/2020 0.23
23/09/2020 0.225
22/09/2020 0.01
21/09/2020 0.01
18/09/2020 0.01
17/09/2020 0.015
15/09/2020 0.015
14/09/2020 0.015
11/09/2020 0.015
10/09/2020 0.01
09/09/2020 0.015
08/09/2020 0.015
07/09/2020 0.015
04/09/2020 0.015