Hi py1818.. can i have buletin for TDM.. tq

kasi LU lah

KUALA LUMPUR (April 23): Fintec Global Bhd has dispelled the notion that it is shuffling assets within the group.

Noting that it is principally involved in the investment of both quoted and unquoted securities, the company said: "Fintec only owns stakes in these companies which does not entitle Fintec to exercise control over the management and affairs of these companies."

Since the trading of marketable securities is part of the company's ordinary course of business, Fintec said it is incorrect to suggest that funds or assets of the company are passed around.

The company said this in a filing with Bursa Malaysia in response to an article in The Edge Malaysia's April 12-18 edition entitled "Hidden Hands Behind Penny Stock Surge Under Scrutiny".

Specifically, Fintec stressed that it did not cease to be a shareholder of DGB Asia Bhd. It noted that as of Jan 22, DGB Asia undertook various corporate exercises, which resulted in Fintec's stake in the company being diluted.

"The funds arising from these exercises are at all times secured and placed with licensed and regulated financial institutions. The company has also announced the intended utilisation of proceeds arising from the relevant corporate exercises or private placements which at all times are for the sole purpose of the company’s businesses approved by the shareholders," said Fintec.

The company owns equity stakes in several listed companies, including Focus Dynamics Group Bhd (25.59%), Saudee Group Bhd (17.53%), Seacera Group Bhd (19.17%), Komarkcorp Bhd (15.29%), AT Systematization Bhd (9.97%) and Vsolar Group Bhd (8.23%).

Its investment in marketable securities increased 2.9 times to RM1.2 billion as at Dec 31, 2020, compared with RM312.1 million a year ago, also mainly due to fair value gains on the quoted securities.

For its latest financial quarter ended Dec 31, 2020, Fintec posted a net loss of RM61.6 million, compared with a net profit of RM720.5 million in the preceding quarter, due to fair value losses in its investment securities.

Fintec's share price finished unchanged at five sen today, valuing the company at RM172.28 million. It saw 8.4 million shares traded.

https://www.theedgemarkets.com/article/fintec-we-are-not-business-shuffling-assets?type=corporate

why so.. any good news

Dont waste your time cnp same news over n over again. My guess Lien Hoe team will not be charged. Can SC prove any malpractice?

The process of getting the shares are not wrong.. otherwise SC wont approve. Stock manipulation happens at many counters

Once Focus dispose their shares, LKL should be uptrend

Fintec injecting capital does not automatically make this company their own. LKL has a legitimate business and Management Team. Maybe there are shell company within Fintec, but LKL does not belong to them.

not a recommendation but an insult..

lai le......

go story AT at AT forum ler

high buying rate but price do not move upward, as if someone is controlling

ZzzTrader, PPmaster will take over Macpie coz he got so many shares...

up up up

Techninier boss Lion Peh is related to Ozura. Techninier has good relationship with Johor (Royal) and Sarawak State. Read info on Bullish Aim. If the deal is on, future is good for Macpie.

their HOA with Techninier overdue, maybe today got announcement..monday limit up

monday another round la...sudah sapu bersih

Ppmaster..what is your expectation today..

those who convert son to mom can't sell oso...unless u got free warrant..

the person who asked to avoid this stock finally became the one to tapau the mother and son.. PPmaster you are really a joker..

son will move eventually....wait...

few more days before the expiry of the HOA with Techninier....

Ppmaster trying to act cool...ha..ha..ha...eat your words

Ppmaster...cold feet huh.....

Until they have enough to pay Techninier....HOA using saliva only ...

He thot we r so hard up with his opinion that he cant atop writing rubbish

they created ws group already...sorry you are not invited

if they are smart, they should push both mother and son, then only more people will convert son to mother, now people also scared to buy the son thinking that mother can't sustain the price

if warrant price is too far behind which should not be the case, can we report to Bursa, clearly they are trying to trap investor

i dont think the shark will convert son to mother.. their fund will stuck for 2 weeks.

ramai fortune teller yg tau share nak jatuh saja...mana share mau naik tarak belajar ka...

warrant just listed, plenty of room to go up

monday 1 more round LU

up again..

buy more son

another badminton player in KTG

son is far behind...next to limit up?

digital and e-sports events biz ..PUBG tournament..it is a lucrative business

Line Clear is MMAG subsidiary

MMAG sold subsidiary to KTG

just like ekovest b4

so what is the annoucement

still good to go?

waiting for signal.. good support at 0.15

seacera awarded RM300M contract by vizione

they already owned chaswood malaysia

macam bas..jalan then stop ambil passenger

sbb already approved...price still not up

slowly but surely