https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3137399

For those people wondering what happened to the warrants/mother shares.

The Malaysian Communications and Multimedia Commission has allocated RM3.2 billion under the Universal Services Provision (USP) Fund this year to improve the quality of broadband services, particularly in rural areas.

The fund will be utilised to upgrade existing transmission stations, as well as to provide fibre optics infrastructure to related premises, said Prime Minister Tan Sri Muhyiddin Yassin.

The initiative is part of the RM20 billion PEMERKASA stimulus package which Muhyiddin announced in a televised address today. The package includes RM11 billion in fiscal injection by the government.

The prime minister said Malaysia could expect 5G services to begin operating in stages from the end of this year.

"The MyDIGITAL framework and Malaysia Digital Economy Blueprint have underlined commercial 5G services as an essential need, as high-speed internet is key to spur innovation and new employment opportunities in the nation's digital economy," he said.

https://www.theedgemarkets.com/article/putrajaya-allocates-rm32b-usp-fund-improve-broadband-connectivity

Rising bond yields in the US are weighing down on equity markets.

http://www.pingpetroleum.com/

Bonus Issue of up to 550,237,099 new ordinary shares in UWC Berhad ("UWC") ("UWC Share(s)") ("Bonus Share(s)") on the basis of one (1) Bonus Share for every one (1) existing UWC Share held as at 5:00pm on 17 February 2021 ("Entitlement Date") ("Bonus Issue")


Kindly be advised of the following :

1) The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 16 Feb 2021
2) The last date of lodgment : 17 Feb 2021
3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
a) Selling Broker to deduct <1/2>, of Selling Price against the Selling Client
b) Buying Broker to deduct <50%>, of Purchase Price against the Buying Client
c) Between Broker and Broker, the deduction of <1/2>, of the Transacted Price is applicable.:-



Remarks 1:- "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 17 February 2021 with bonus issue of UWC shares, any shareholder who is entitled to receive UWC bonus issue shares, may sell any or all of his UWC shares arising from the bonus issue beginning the Ex-Date (16 February 2021).



For example, if Mr X purchases 100 UWC shares on cum basis on 15 February 2021, Mr X should receive 100 shares on 17 February 2021. As a result of the bonus issue, an additional of 100 UWC shares will be credited into Mr X's CDS account on the night of 17 February 2021 being the Book Closing Date. Therefore, Mr X can sell a total of 200 shares on or after the Ex-Date i.e. from 16 February 2021 onwards."



Remarks 2:- The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 18 February 2021, being the next market day after the Entitlement Date.



UWC's share registrar is expected to issue and despatch the notices of allotment for the Bonus Shares to the entitled shareholders whose names appear in the Record of Depositors of UWC on the Entitlement Date within four (4) market days after the date the Bonus Shares are listed and quoted on the Main Market of Bursa Securities.

"The government has decided to relook at the NAP 2020 over EVs and go all out in terms of offering fiscal incentives. Customised incentives will be replaced with explicit, menu-based incentives, specifically for the EV sub-sector, according to the chief executive officer (CEO) of Malaysia Automotive, Robotics, and IoT Institute (MARii) Datuk Madani Sahari.

“There have been a lot of engagements between the government and the OEMs (original equipment manufacturers). They want to bring more investments into Malaysia in EV technology, but they require measures that are more robust and specific to EV.

“We have been listening and engaging the industry,” says Madani.

Time is running out. The EV sub-sector urgently requires a comprehensive and specific policy tailored to the needs of the industry — if the automotive sector is to grow. Some caution it may already be too little too late for Malaysia to catch up."

Source: https://www.theedgemarkets.com/article/race-ev-%E2%80%94-can-malaysia-keep

It is only about time that the Malaysian Government will have to come up with initiatives to keep up with its regional peers. With PESTECH in the unique combination business model of EV & SOLAR, it is poised to ride this new green energy trend.

My pleasure @hengsame. For further info regarding their EV products:

https://pestechenergy.com/events-and-news/articles/ev-charging-in-post-covid-19-economy/

https://pestechenergy.com/solutions/digi-solutions/pestech-ev-charging-infrastructure/

https://pestechenergy.com/events-and-news/pestech-energy-showcases-ami-smart-streetlight-and-ev-charging-infrastructure-during-auw-2019/

For those interested in looking at UWC's company profile in video form:
https://www.youtube.com/watch?v=XMMIYhWgd28&ab_channel=shishoki

Interesting point for people to consider: Those who buy Hibiscus & DNEX will literally buy into the whole of the Anasuria Cluster in the North Sea.

Hi @zeroknowledge420, from the recent articles in The Star: With the successful bid, DNEX will acquire 60% of SilTerra while their partner Beijing CGP will acquire the remaining 40%.

It has been reported that China is looking to invest over USD1 trillion to become self-sufficient in producing their own chips and that, and I quote Syed Zainal, "Our partner, Beijing CGP has a stable of companies in the semiconductor and chip industry and the would provide SilTerra with access to the markets".

Further info regarding their Large Scale Solar segment here: https://pestech-international.com/solution/large-scale-solar

This is the caveat to today's news: "The above strategic partnership arrangement will not have any material impact on the earnings per share and net assets of Greatech Group for the financial year ending Dec 31, 2021. None of the directors, major shareholders of Greatech and/or persons connected with them have any interest, direct or indirect, in the above collaboration arrangement," Greatech added.

Goldman Expects Strong Oil Demand in 2H21

https://markets.businessinsider.com/news/stocks/goldman-expects-oil-demand-to-rebound-to-100-million-bpd-by-august-1030028826

UWC's latest QR report mentioned that the bonus issue will be completed by the end of 1Q21, it might still be awhile now... Perhaps after next QR report has been published.

"Through the partnership, the group can immediately create revenue synergies through its existing ability as a specialist in renewable energy while leveraging on PIBB’s extensive database and existing clients.

“The partnership with PIBB, being one of the leading Islamic banks in Malaysia, in providing this one-stop solution to our customers will further support our vision of green and sustainability by encouraging consumption of clean energy. The MOA is a testimony to our ability in the solar segment and we are grateful for the trust that has been given to us by PIBB, our partners and affiliates," he said.

Business activities from the MOA shall contribute to KPower’s revenue from the financial year ending (FYE) 2021 until FYE 2023.

Solar will play an important role in KPower’s product offering going forward, of which NEM will be among the key contributor. KPower is aiming to secure up to 50MW of the NEM project or 10% of the quota under NEM 3.0."

Source: The Edge

KPOWER officially enters into the solar industry.

https://www.theedgemarkets.com/article/kpower-collaborates-public-islamic-bank-finance-and-install-solar-pv-systems