https://www.investopedia.com/ask/answers/052815/how-does-private-placement-affect-share-price.asp

Please read the above listing requirements of Bursa Malaysia. Please check if Fintec listings of SIS, ESOS and their Private Placements are in line with By-Laws and the Listing requirements. To what I observe so far, the listings were made known and announced periodically but the names of the employees and the directors were never mentioned at all. There were instances where some of the top management names were announced in the Annual Report 2017 in respect of SIS but there after, there is none. Is this practices fair to the Shareholders?

https://www.bursamalaysia.com/regulation/listing_requirements/ace_market/listing_requirements

YeahLoo : Why did SC allow them to issue so many ESOS? more than 10 times of the NOSH!

They issued many trances of SIS that can be up to 30% of their Total NOSH. But not all SIS offers were taken up as the prices of Fintec kept falling and not improving. Many SIS takers also got burned as they took up the offers prices ranging from above 2.5 sen to 16 sen a share. So many SIS offers were lapsed and were not accepted.
The most ESOS offers accepted was 500,000,000 shares in 2020.
There were also many Private Placements deal done to inject funds into the company but many of these deals were done at the much higher prices than now.

Callmejholow : why Mara hold so much?

My opinion : They could be holding so much or else why there are 2 Mara representatives holding Chairman and Directors posts in Fintec since 2013 till now. The rest of the directors could be representing CPE Growth and Sanston Financial Group Ltd.

TAYOR. Do your own investigation too before investing.

WHAT IS THE LOGIC THAT WARRANT-B PRICE NOW IS 3 TIMES OF THE MOTHER?

Pineapple123 : Is this against Bursa ruling for not disclosing the internal names who hold Fintec shares ?

I think they (these institutional investors) received the permissions before they can do that. They for reason known to them may request SC and Bursa blessings not to disclose their names in the Top 30 List of Shareholders. From what I gather so far from their announcements for filing of Notices of Interests as well as Notices of Persons Cease of Interests records, I estimate that the following institutions still hold the approximate percentage of shares in Fintec as at 30/6/2018. They are as follows:
1. Adamas aka CPE Growth aka China Private Equity approximately 27.7 %
2. Sanston Financial Group Limited 9.7%
3. Deutshe Bank 4%
4. Pelaburan Mara Berhad 21.6%
5. Goldman Sachs 3.3%.
Total Majority Shares approximately 66.3% and the rest are shares holding by the Minorities like you and me totaling 33.7%. These estimations may not be accurate or correct as I am guessing here and there. The time frame also changed from 2018 to 2022 now. Those were 30 June 2018 figures detected from the 2018 annual report together with their Notices for Persons with Interests and Ceasing Interests reports up to 2018 .

The above are still holding their shares until now even though they did mentioned as "Notice of Person Ceasing Interest" before. These institutions still hold shares but do not want to be mentioned in the Fintec Annual Report. If they are not there holding the shares, who actually appointed all these Mara caretakers as Directors and Chairman of Fintec until now. Who appointed Tan Sik Eek, Ong Tee Kien, Mark Chew Shin Yong and Chu Chee Peng to represent their interests in Fintec?

Deutsche Bank AG
The Goldman Sachs Group,Inc.
CPE Growth Capital Limited
China Private Equity Investment Holdings Limited
Pelaburan MARA Berhad

Please name the loan receipient. Initiate legal action without waiting. Make sure, whoever approves must be responsible as a Guarantor or else do not lend out.
1 minute ago

Use the money to buy back Fintec shares instead.

TOTAL NOSH TODAY IS 5,922,797,474 TO BE EXACT. (INCLUDING THE LAST ESOS OF 20 MILLION IN APRIL 2022)

Finally, I found out that those still holding substantial shares in Fintec Global Berhad are as follows.

Deutsche Bank AG
The Goldman Sachs Group,Inc.
CPE Growth Capital Limited
China Private Equity Investment Holdings Limited
Pelaburan MARA Berhad

Now, we should understand why there were so many PP, SIS and ESOS and who were the investors from 2017 to 2021. The huge number of Warrants C holders ( estimated 90.34% of the outstanding Warrants C ) are from them which names were not mentioned, same as their names were also purposely unlisted in the Top 30 Shareholders every year.

According to the 2021 Annual Report, Only 30 persons or organisations were reported as Top 30 Shareholders holding 732.762 Million shares but the balance of 67% Shareholders holding 3.992692 Billion Shares were not reported in the Annual Report as part of Top 30 Shareholders. WHY ARE THEY HIDDENED IN THE REPORT? ADAMAS FINANCE ASIA LTD was reported as holding 0.61% of the shares which comprised of 31,838,166 Shares only but was NOT LISTED inside the List of Top 30 Shareholders. Who are actually the Balance of 67% acting or holding the shares behind the curtain? Sanston Financial Group Limited was reported as holding 69,838,200 Shares representing 1.335% that was reported as 2nd highest Top 30 shareholders. Other than Sanston, the rest of the 29 were retail shareholders. Based from my observation above, around 67% of the total shareholders (hidden one) are supporting these appointed Directors for many years already. From my opinion, I believe MARA is one the HIDDEN MAJOR SHAREHOLDERS as Fintec continuously using Datuk Seri Abdul Azim Mohd Zabidi as the Chairman and Director. Another Director who also represented Pelaburan MARA Berhad was YM Tengku Ahmad Badli Shah who served Fintec since 2014 till 2021. He resigned from Fintec on the 12 Jan 2022 after he got promoted and appointed as The President and CEO for The Agro Bank Berhad on the 5th of Jan 2022. Another prominent UMNO figure who served Fintec Group was YB Datuk Nur Jazlan bin Tan Sri Mohamed from 2013 till 2015 before Dato Seri Abdul Azim was appointed until now. This clearly show UMNO and PMB ( MARA ) play a very important role in our Fintec Global Berhad's management. Now, I understand why all the current directors do not hold any share ( except Mr Tan Sik Eek ) in the company.

Extremely well written BLee. Thank you very much for this explanation above.

From my additional observation on the ownership of the outstanding warrants, only Warrant C reported a group of shareholders holding 90.74% of Warrants C comprise of 1,039,941,017 units. However, Warrant A and B have no big figures to show. Same goes to the outstanding Preference Share holders. Only Warrant C has this big numbers.

NOSH - 2013 was 420 Mil.
NOSH - 2015 was 866.7116 Mil.
In 2016-Par Value Reduced to RM0.05 from RM0.10 under Capital Reduction,
NOSH - 2017 was 2.889 Bil.
In 2020 - Rights 1.971 Bil. @ RM0.08 but only 1.146 Bil subscribed.
2017-2021 - Add SIS and ESOS, NOSH ballooned to 5,230,797,4747 shares as at 2021.
Today 2022 - Total NOSH 5.923 Billions

TRUE

Consolidate 10 to 1, after excercising and getting their right issues money plus PP 30% of NOSH. Back to square one again. How much is the right issue per share? How are their shareholders going to feel?

Dato Seri Abdul Azim, Tee Kein, Tengku Ahmad Badli Shah and Chu do not own big blocks of shares in Fintec Global. A check on their backgrounds and Bio-Data found they are all Professionals, well qualified and experienced in public listed companies and its management. The only worry we have is that they do not own any shares in FINTEC which is very uneasy to the Fintec Community and Shareholders. Fintec shares are now traded at the lowest of 1-0 sen. If they do not buy now, when do they want to have shares in the company. They must put their Trust to the Companies they are looking after by buying some shares and become a small shareholder at least to bring some confidence back to us as Minority Shareholders.

THE MALAYSIAN RESERVES WROTE :

Fintec Global first caught the public eye when it became a substantial shareholder in Seacera Group Bhd after acquiring 38.8 million shares or an 8.09% stake in the latter for RM18.59 million in November last year.

For the financial year ended March 31, 2020 (FY20), the group posted RM226.69 million net profit compared to RM40.02 million net loss in the previous year.

Its annual revenue rose 32.94% year-on-year to RM20.42 million, from RM15.36 million in FY19.

The increase of profit was mainly due to mark-to-market gain in the group’s long-term marketable securities, Fintec Global noted in its exchange filings.

The group added that its investment in marketable securities increased by RM287.08 million or 2.9 times to RM385.09 million as at FY20, against RM98.01 million in FY19, which was mainly due to fair value gain on quoted securities.

In addition to the existing investment portfolio in solar energy, engineering, food and beverage, financial and information technology, property investment holdings, manufacturing of ceramic tiles and property development, the group is seeking opportunities to invest into healthcare equipment manufacturing and/or trading business.

“The group intends to focus on the personal protective equipment (PPE) segment in view of the increase of global demand in PPE since the outbreak of Covid-19.

“The group intends to take advantage of this opportunity to tap into a growing segment to maximise shareholders’ return,” Fintec Global stated in its recent annual report.

As such, it is still actively examining several potential investments and incubation projects, and will be making disclosures in due course.

Fintec Global’s board of directors comprise independent non-executive chairman Datuk Seri Abdul Azim Mohd Zabidi, independent non-ED Ong Tee Kein, non-independent ED Leung Kok Keung, non-independent non-ED Tengku Ahmad Badli Shah Raja Hussin, senior independent non-ED Chu Chee Peng and non-independent ED Tan Sik Eek.

Abdul Azim, Tee Kein, Tengku Ahmad Badli Shah and Chu do not own big blocks of shares in Fintec Global.

However, Tengku Ahmad Badli Shah represents Pelaburan Mara Bhd which holds about 2.26 million direct shares in the investment group.

https://focusmalaysia.my/a-misunderstood-stock-fintec-global-clears-the-air-about-its-very-existence/

MISUNDERSTOOD STOCK - FINTEC GLOBAL BERHAD.

The glove factory is yet to begin eventhough when the covid19 started, the market was full of blessings and enthusiasm that such a glove manufacturing plant is very timely and profitable. But due to Chinese quicker swinging action in establishing these kinds of glove manufacturing to enter and compete in the world supply, even Top Glove, Supermax, etc were caught by surprise with their pants down. Chinese saying " Our Destinity somehow are all destined by God above, no matter how best we can calculate, we cannot beat the destiny of the God Above". So, we are lucky we only built the factory for future use or future development. God bless. Not much is lost as at now as time flies, schedule of production is not accomplished. We should wait and see how things go. Building that Chemor factory for future use may be timely for other uses other than glove manufacturing processes. Not all are wasted yet. Be patience. Time will tell.

Maybe, AT our sister company also suffers the same fate as the above. They may continue or may change their original plan to do other things as time goes. Industrialisation never stop and maybe Fintec may sell our factory away to AT for better use since AT is also in the field of Engineering and OEM parts Manufacturing. My opinion only.

True, M55555. Looks like its difficult to gather so many ikan bilis together taking consideration that Fintec paid up NOSH is so huge. I agree with you.

TQ Jimmy888 and M55555.

As I observe, I opine Fintec share prices are at the lowest now and there shall be no more going down to the last price of 0.5 sen ( minimum price to transact in the Market ) unless there is again another round of panic selling due to another stock market crash or forced selling. Buying Fintec now at 1 sen is the safest bet and I shall be glad to buy in more if I am still capable and the bidding price of 1 sen is still available . Happy Trading and Good Luck to everyone here. Golden Opportunity like this only comes once in a Blue Moon.

I strongly believe one day, Fintec shares can go up back to 10 sen or more a share if there is a Market Rally in the future. Remember, in 2020-2021, our Fintec NTA reached above 70-80 sen a share. It happened in 2020, but it fell to 5 sen now all because Fintec follows the current fair value market valuation method under the Malaysian Financial Reporting Standard 13 Fair Value Measurement (MFRS 13) as required by the Malaysian Accounting Board Standards rather than using the old Historical Cost or Net Tangible Assets (NTA) method to do their Accounting Reports.

Unless, all companies go back to share consolidation rather than share splitting practices. Now, you all should roughly understand why there are so many of penny stock shares nowadays.

Those days in 1996, all shares listed were either RM1.00 or 50sen a share. Later, many counters changed their par value denominations to 20 sen or 10 sen a share. Now. After 2016, all share capital no longer needed to follow the par value and it is now following no par value paid up share capital like the American counterpart. However, there are still many old and conservative companies still using the par value of RM1-00, 50 sen , 20 or 10 sen a share. So, with the new ruling by our authorities, companies now are open and need no par value to follow which are confusing and misleading. We no longer can go back to strike RM5-00 a share like in those days in pre-1997 era. Those were the days. They are over.

Now its the time to invest into Fintec at 1 sen only. Opportunities like this do happen once or twice in a life time. As you all know, Fintec shares are now at its lowest amongst all KLSE shares. Of course there are many other counters that we can invest but their prices are still double digits or triple digits which I would not touch, because of fear they all would fall to 1 sen like Fintec which is possible. What do you all think? Wait to see or start investing now for the future. Fintec fell to one sen was because of over issuing of ESOS and PP in the last 2 years or else Fintec shares would stay at 10 sen a share if without ESOS, SIS or PP issues. Why I say Fintec should be around 10 sen a share by just looking at the current Warrants and ICPA expiring values. Fintec itself has not much businesses except heavy investments in other public listed shares. If one day, Malaysian stock market wakes up like those days in 1996 where all stock shares were traded above RM5-00 a share, I am dreaming it would happen again in this life time. Hahahahaaaa. Someone says I am dreaming......

Correct. ESOS simply give Fintec shares a killing, like no value already. Fintec Management, please note this. We investors hope Fintec would buy back all the 1 sen shares available in the KLSE today. 66 millions waiting to sell. What Fintec is waiting for? Fintec worth is 5 sen a share but market price is only 1 sen.

Today Fintec Counter ranking No.1 in term of volume traded. Total Volume 154 millions shares traded at 1 sen today. Cheers.

I am taking advantage of today's weaknesses to add more Fintec shares to my portfolio. Wish me Good Luck. Wishing everybody Good Luck too.

In fact, there is nothing to be alarmed with. All stocks are badly beaten today across the Board. Most Banking stocks suffered double digit losses.

The Star reported today:

Glove makers are also facing higher production costs.

Top Glove’s officials pointed out that the industry continues to face rising cost of production pressure due to global inflation and the Russia-Ukraine conflict driving up oil prices.

Kenanga Research points out that Top Glove will be unable to fully pass on the cost increase due to a few reasons.

One is the current oversupply situation which is expected to remain challenging, and another is the reduced economies of scale arising from volume that is less than optimum, which in turn is occurring due to the soft demand.

It points out, “Glove players are experiencing margin erosion as raw material costs are not adjusting down as fast as ASPs.”

Other glove companies are also seeing declining numbers.

Hartalega Holdings Bhd reported a net loss of RM197.9mil in the fourth quarter ended March 31, 2022 (4Q22) from a profit of RM1.12bil a year earlier.

Kossan Rubber Industries Bhd posted a 91% plunge in net profit to RM90.1mil in 1Q22 ended March 31 from RM1.04bil a year ago.

Supermax Corp Bhd’s net profit in 3Q22 ended March 31, meanwhile, fell 98.71% to RM13.01mil from RM1.01bil.

Top Glove officials, however, reckon that global glove demand will improve with the transition of Covid-19 into the endemic phase as gloves remain an essential item in the healthcare sector.

The deferring of expansion plans by major players will also help ease the oversupply situation and help achieve a demand and supply equilibrium, the officials say.

Or maybe the Market thinks that Fintec is having a glove factory just like Top Glove whose shares got badly bittened today down 11 sen from RM1.13 to RM1.02 lowest today. But Fintec has only one glove factory and yet to start its operation. The losses for Fintec Glove Venture is just very minimal in proportion with other businesses or investments Fintec is currently doing.

Fintec now selling at 1.0 sen. Cheap sale. Better grab some now. Fintec planted all their capital into investments into other companies like Seacera, Focus Dynamics, Netx, Saudee etc. They only have a glove factory in Chemor, starting operation soon. If Fintec fails, all other PLCs also fail which is quite impossible. Today selling at 1 sen maybe some bad news about their intention of share consolidation. This is possible as this Group of people are very fond of share consolidation. As BLee said, he is also Speechless. Me too. If there is no share consolidation exercise to be proposed, there should not be any problem with Fintec. Actually who are the people that throw so many shares at 1 sen today? Indeed I bought some seeing there is opportunity of holding more Fintec shares today. No worry as Fintec will never go bankrupt, I know. They only think of adding more and more shares and getting people to add in more even at 1 sen. How disgusting?

TQ whistleblower99.
Points noted. But buying at 1 sen is at the minimal risk. Those who bought at 5 to 10 sen are cursing high and low. I just pray Fintec investments into other public listed stocks come back to life and be well again as soon as possible.

BOYCOTT BUYING ALL CALL WARRANTS AND LET ALL THE IB DIE BY THEMSELF IN FUTURE. THEY ARE THE CROOKS WHO STOLE ALL THE HARD EARNED MONIES FROM NEWBIES & RETAIL INVESTORS.

Noted. whistleblower99. Thank you very much. I do not like Fintec Management to do the same. Doing such thing is like swindling or scamming their own loyal investors money to the benefit of their own people or their buddies. I think BLee also concur with me. He recently posted an article he wrote " I am Speechless". Doing so many of these SIS, PP and ESOS make investors to shy away from their counters and thus making their share prices going lower and lower. It is worrying if Fintec intends to do their consolidation like many of their buddies are doing one day. Do it only when such exercises really benefit the shareholders and the company. Do it with conscience of compassion, care and fairness.

MY OPINION IS INVEST FOR THE FUTURE. INVEST IN FINTEC NOW WHICH IS AT THE LOWEST PRICE OF 1 SEN A SHARE. WHERE TO GET WHERE A COMPANY HAS NO OUTSTANDING DEBTS OR LOAN FROM ANY BANK BUT INSTEAD OWNING 30.631% OF FOCUS DYNAMICS, 22% OF SAUDEE AND OVER 30% OF SEACERA.

But for Focus Dynamics to complete the Arch in Jalan Tun Razak ( another Gold Land that Fintec is having ), it will take another 1-2 years to 100% completion. By then, the highway works in front of ARCH and TRX CITY are also fully completed and no more traffic jam problem, I persume. The potential for the Arch is great as I see foreign investors like Morgan Stanley and Mitsubishi UFJ are already coming in where I can see them now in the Bursa Announcements lately.

Today seems got buyers at 1.5 sen like the day before Hari Raya. Good. Keep buying as hope of getting at 1.0 sen is like a mission impossible now. Buying at 1.5 sen is at your pleasure now. Wait until good news come in for Seacera's land sale, Fintec might go up 100-200% at least. The higher the better as we go higher, nobody will look down on Fintec again. God bless Fintec.

But when the management wants to cheat the new investors by issuing new ICPS or Warrants, they would consolidate and push it up for a while so that new investors are conned to buy their new warrants or ICPS at a much higher prices after consolidation. If you take a look at the expiring warrants prices and ICPS prices, your eyes will pop out.

My Advice. If we want to buy Fintec now at 1.0 sen or 1.5 sen, better buy in great numbers say minimum 65,000 shares at purchase price of 1.5 sen or 99,000 at 1.0 sen in one day. This helps to save brokerage fee. No point buying 100 or 1000 shares where the minimum brokerage fee is based on the minimum fee for a RM1,000-00 contract. Please be informed.

Yes. Agree with you. Thanks a lot, BLee.

Your message is loud and clear. BLee. NO MORE PP nor ESOS at this moment.

How many more PP and ESOS to be issued? No more predictions on PP and ESOS from me as I am speechless!!
Excellent.

https://klse.i3investor.com/web/blog/detail/BLee_Fintec/2021-10-28-story-h1592921506-Fintec_I_am_speechless

Bro. BLee, you have done a very GOOD job and really appreciative and indebted to you for spending so much of your precious time writing good postings and a very detailed study on issues regarding FINTEC and FOCUS DYNAMICS. I truly salute you. Thanks for all your postings and articles especially regarding Fintec. After going through most of your many postings, your last article " I am speechless", really touch me. I concur to all you wrote. Do keep posting and we shall one day find Bright Sparkling Lights and Pots and pots of Pure Gold waiting for us to collect at the end of our investments journey into Fintec and Focus Dynamics. THANK YOU VERY MUCH Bro. BLee.