Vivocom CEO upbeat on prospects with self-imposed three-year moratorium
By NST Business - February 22, 2021 @ 3:01pm
Vivocom Group CEO Dato’ Seri Chia to transform the company into a conglomerate in the foreseeable future. NSTP/WEB

KUALA LUMPUR: Vivocom International Holdings Bhd (VIHB) aims to transform into a multi-billion within the next few years following its group chief executive officer (CEO) Datuk Seri Chia Kok Teong's voluntary self-imposed moratorium (SIM).

The company in a statement today said Chia is dedicating all his efforts to creating wealth for all shareholders in the long term.

To recap, VIHB in an announcement to Bursa Malaysia on 4 November 2020, announced that Chia had committed not sell his personal stakes in the company in the open market for the next three years.

In another announcement, the company's corporate assets injection proposals submitted in December 2020 had already been approved by the relevant authorities.

Chia explained that the main purpose of his SIM is to instil confidence in the public of his long-term vision and plans of transforming VIHB into a 'formidable and profitable force'.


The SIM initiated by Chia is significant, as, by committing to not sell his personal stakes in the open market for the foreseeable future, he hope to inspire shareholders to show more faith and belief in his leadership and stewardship of VIHB for the years ahead.


Even the private placement shares taken up by Golden Key Portfolio Sdn Bhd has a moratorium period of 12 months, a condition imposed by Chia.

Additionally, this would also serve to attract new and long-term investors into VIHB and give the company's shares long term price stability and sustainability.

"It would be ideal if the company's shareholders adopt a long-term view as I do with my three-year SIM.

"It takes time to transform a company into a long-term success and I will work relentlessly towards such a goal," Chia said.

Moreover, as the company's CEO and single largest shareholder, the SIM clearly shows that Chia already has a clear plan with a long-term vision and supreme confidence in VIHB's future, the company said in a statement.

"We want a stable and strong share price so that VIHB can use its shares as a currency to pursue strategic merger and acquisition (M&A) activities as part of our future growth strategies.

"We seek to acquire companies with game-changing and disruptive strategies in their businesses to add to or help transform VIHB's business models.

"We must adapt to a constantly changing or digitalised world and look at new and different ways of doing business better going forward," he said.

Chia said the company is also looking at businesses within the renewable energy and digital technologies segments.

"These two segments would add to our existing businesses," he said, adding that VIHB will be focusing on companies with proven track record of success.

In addition, VIHB is also constantly looking for exciting businesses that are pioneers in their respective markets with growth potential and earnings.

Chia explained that VIHB aims to find the next Grab, Netflix or Tesla in other words, industry disruptors with explosive growth potential.

"The company is studying all avenues for 'blockbuster' growth, both organic or inorganic, and it may even lead us to acquiring strategic stakes in other public listed companies for investment holding purposes.

"We have already begun to explore several such initiatives. our goal is to transform our earning capabilities dramatically," he said.
https://www.nst.com.my/business/2021/02/667902/vivocom-ceo-upbeat-prospects-self-imposed-three-year-moratorium#google_vignette

ANALYSIS OF
SHAREHOLDINGS (CON'TD)
AS AT 31 MARCH 2023

LIST OF 30 LARGEST SHAREHOLDERS
NO. NAME NO. OF SHARES %
1 UOB KAY HIAN NOMINEES (TEMPATAN) SDN BHD
UOB KAY HIAN SECURITIES (M) SDN BHD FOR CHIA KOK TEONG
164,250,000 16.9
2 M & A NOMINEE (TEMPATAN) SDN BHD
GOLDEN KEY PORTFOLIO SDN BHD
148,336,172 15.3
3 DATO' SERI CHIA KOK TEONG 81,216,934 8.4
4 EA HOLDINGS BERHAD 62,645,075 6.5
5 HSBC NOMINEES (TEMPATAN) SDN BHD
EXEMPT AN FOR CREDIT SUISSE (SG BR-TST-TEMP)
47,000,000 4.8
6 AFFIN HWANG NOMINEES (TEMPATAN) SDN BHD
GOLDEN KEY PORTFOLIO SDN BHD
21,600,000 2.2
7 CHIAM TSHOI HOCK 9,625,000 1.0
8 HSBC NOMINEES (ASING) SDN BHD
J.P. MORGAN SECURITIES PLC
7,513,500 0.8
9 CGS-CIMB NOMINEES (TEMPATAN) SDN BHD
SEE JOVIN
6,068,600 0.6
10 CHONG WEI CHUAN 5,500,000 0.6
11 UOB KAY HIAN NOMINEES (TEMPATAN) SDN BHD
EXEMPT AN FOR UOB KAY HIAN PTE LTD ( A/C CLIENTS )
5,069,550 0.5
12 CGS-CIMB NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR TAN VICTOR (MF00157)
5,000,000 0.5
13 CHONG WEI LIANG 5,000,000 0.5
14 PROVEN VENTURE CAPITAL PLT 5,000,000 0.5
15 TA NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR LOW CHIN KOON
4,070,000 0.4
16 CITIGROUP NOMINEES (ASING) SDN BHD
UBS AG
4,054,706 0.4
17 KENANGA NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR RESERVOIR LINK HOLDINGS SDN BHD
3,800,000 0.4
18 KENANGA NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR CHEONG SOO HAN
2,910,000 0.3
19 TAN HUI KOON 2,594,000 0.3
20 AFFIN HWANG NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR YONG SIEW YEE (M19)
2,500,000 0.3
21 CHEE CHAN SAU 2,500,000 0.3
22 KHOO NEE PING 2,500,000 0.3
23 HO XI WEN 2,380,000 0.2
24 CHEONG SOO HAN 2,325,000 0.2
25 HO CHE HAO 2,000,000 0.2
26 KOH WAI LOK 2,000,000 0.2
27 LEE BOON SZE 2,000,000 0.2
28 NG KOH HUA 2,000,000 0.2
29 SEE JOVIN 1,900,000 0.2
30 HO CHE WEI 1,750,000 0.2

Frankly Speaking: Old wine in a new bottle?
By The Edge Malaysia / The Edge Malaysia
10 Nov 2020, 11:00 am

main news image
This article first appeared in The Edge Malaysia Weekly on November 9, 2020 - November 15, 2020

Last week, Vivocom International Holdings Bhd consolidated its share base from 5.66 billion to 566.45 million shares, while its Warrants E (2018/2023) were adjusted to 113.29 million from 1.13 billion previously.

The company striking a deal with Datuk Seri Chia Kok Teong to buy 45% of V Development Sdn Bhd for RM171 million is also on the cards, through a combination of cash, issuance of consideration shares and/or irredeemable convertible preference shares.


In another proposal, Vivocom is getting into a subscription agreement with Golden Key Portfolio Sdn Bhd for a private placement of 169.94 ordinary shares in Vivocom, representing 30% of the total issued shares at a subscription price of 35 sen per share.

First, why is Vivocom going into property development at a time when even large developers are having a tough time making ends meet? Second, what happened to the mega infrastructure project it was awarded by China Railway Construction Corp Ltd (CRCC)?

About four years ago, Vivocom had ventured into construction after securing contracts from CRCC. Back then, when it was known as Instacom Group Bhd, Vivocom had acquired 78.6% of Neata Aluminium (M) Sdn Bhd, an aluminium window and door manufacturer, which owned 100% of Vivocom Enterprise Sdn Bhd.

Vivocom officials said it was eyeing RM600 million in construction revenue by 2016 and to grow it to RM2.1 billion in 2017 and RM3 billion by 2018. In May 2016, its stock breached the RM2.30 band, but gradually tumbled to 20 sen by end-2018.

What happened to these grand plans?.

Asset injection is nothing new to the company. In 2013, it was known as Instacom. Company officials once said it was looking to build a 3,000km fibre-optic cable network to link the whole of Peninsular Malaysia in three to five years. The news pushed its share price from a low of 3.6 sen to a high of 15.5 sen. However, the company never delivered on its promises.

Will the acquisitions of equity in V Development and Golden Key Portfolio have a different ending this time?
https://theedgemalaysia.com/article/frankly-speaking-old-wine-new-bottle

He conman not he get conned?

Besafe

Conman Chia still with convest?

3 days ago

Today will dip if follow whistlebower99? 15 sen on Friday(12/5) sold by you?

Those who shouted 8 sen, 5.5 or 0.5 sen last Friday where are they today? They sold last Friday more correct?

QR if can improve bit by bit at least no con.

At least he try to improve Vivo QR why not give him chance?

Datuk not billionaire what to do haha.

Steel high price so right move?

Iron ore is the main raw material used to make steel. Globally, 98% of mined iron ore
are used to make steel. Steel is essential for economic growth, given its wide use and
application in infrastructure, transportation, property and construction and key
consumer goods.

Haters want what? Buy their lousy stocks?

Jealous, haters, sour grapes a lot here but not myself haha.

Up 2 sen only from sand venture logical?

cu29ok scared every1 when Onggal no more?

Onggal talk more I talk more his counters until drop and drop.

The rest Vivorians scared of cu29ok? Are you referring to cu29ok? Only G Neptune(now suspended) he own/talk good. Can trust him?

ngs98 If goreng and going to drop, why do you people waste time coming here!!?? Are you really concerned for us who have bought Vivocom or just kurang ajar dan takde kerja lain???
02/03/2021 9:06 AM
https://klse.i3investor.com/servlets/cube/post/cu29ok.jsp

VinVest meaning boss want RM 2-3 not <RM 1?

Boss talk so many times. Why each time drop boss talk more why?

Onggal tarak "Ong" because ga"gal" to make Vivo drop. So are his many supporters haha.

Wish all counters got vision like Datuk then no need to keep changing govn.

He said he trade daily how about can he give the trade before the day actually done can he? Starting today what is Vivo lowest and highest price before 9.00 am can Onggal give? No point talk at 10 am what done 1 hour before.

Many talk about Onggal but none read his other counters posting. He no more Vivocom but hold other counter which he got trapped.

If KYY con you why target Vivo not Supermax Kyypundek can answer?

Boss talk again sure min TP > RM 1 he want not true? He cannot sell why worry?

Why haters(jealous) people a lot here? Don't like Vivo why cannot go elsewhere?

0.8 correct? You got read his past posts? Counters he hold all make gain?

Vibes888 greedy44444, any reason for 0.80 to come? Is are you guys just f around trying to manipulate the the price by instilling fear.
10/02/2021 7:47 AM

Why mine T+2 is settlement but $ can use only in T+3?

Can tell which broker you use? T+2 cash in your acct can take out?

Perfectly Tmr morning q sell 9 hope can take bek some cny money
08/02/2021 5:06 PM

Nobody dare answer? Today not last day Onggal sell to get $ for CNY? Tomorrow sell can get $ before CNY?

See again tomorrow. If you still here I ask admin to shut i3 forever haha.

Onggal Tmr I will close my mouth for one day. Let’s see your tp at 1.20 can achieve or our pushing price down to below 0.90 can achieve.
08/02/2021 4:47 PM

See jovin where are you? Only your blogs can push Vivo to RM 2 not any1 else.

QR still +ve and jumped to 2.05 just > 2 months ago bad stock?

Onggal talk we must buy bec he always wrong haha.

Add more 95-96. Keep for CNY angpow.

RM 1 to celebrate Thaipusam?

Onggal cursing failed so he go to Batu Caves early to pray? haha.

>2.05 2020 highest possible meaning 3-4 in 2021?

Those who want to buy don't contra/margin if you cannot promote like Fifimao enough.

Fifimao very helpful and positive unlike others here. Even promote in XOX which is loss making yet higher price than Vivocom making money stock.

RM 1 pls come.

Vivo where got con? Con is those missed buying haha.

Seejovin RM 3.6 cannot get we don't blame you. Support until 1.8 can?

I3 ranked no 3 stocks but more like condemning than supporting.

Why no balls to chase haters away?

Seejovin seejovin we need you. Pls comeback.

1.22/1.48/2.2 still intact?
https://klse.i3investor.com/blogs/see/2020-12-03-story-h1537389341-Vivocom_s_V_Shape_Recovery_still_intact_and_a_sharp_rally_upwards_to_RM.jsp

Seejovin where are you? Pls posts today haha.

So rr88 born in 1988 not true? How can know Renong/Idris stocks?

Good to hear. We buy cheap now let haters chased > RM 1 haha.

ShaunGenius wow interesting, i am back again. Previously sold at 1.8 now i am back again with the profit i earn previously all in at 0.815, if up again means extra bonus, if stock become 0 no win no lose lo, ok ma. gogogogogo vivocom, i am back!! bring me fly again!
27/11/2020 10:12 AM