The KL-SG HSR MoU signifies commitment, and is positive newsflow for the construction sector. Expected to commence operations in 2026, the construction duration could take eight years, starting from 2018. Overall, we view the HSR project positively in providing long-term sustainable job flows to the construction sector, and it should also help in enhancing land values with residential/commercial/industrial developments along much of its alignment. Reiterate POSITIVE on the construction sector.

OTHERS RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD

Type Announcement
Subject OTHERS

Description RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD (formerly known as INSTACOM GROUP BERHAD) ("VIVOCOM" OR THE "COMPANY")

We refer to our announcement dated 27 June 2016 and the recent news articles pertaining to rumours or speculations regarding Dato’ Seri Dr. Yeoh Seong Mok on his purported intention to resign or retire from the Company.

The Board of Directors (“Board”) would like to deny such rumours and speculations and wishes to clarify and confirm that Dato’ Seri Dr. Yeoh Seong Mok shall remain as the CEO of the Company, and that he has no intention of leaving the Company as reported in the press.

The Board takes note of its obligations under the listing requirements on timely disclosure of material developments and will make the necessary announcements of such pertinent matters accordingly.

Businesses must stay alert as China economy evolves, says HSBC

KUALA LUMPUR: Businesses must remain vigilant as China’s economic cycle evolves, especially those companies engaged in overseas trade after the world’s second largest economic released its economic data, according to HSBC Malaysia.

China's economy grew slightly faster than financial markets expected in the second three months of 2016, expanding by 6.7% from a year ago to stay flat to the pace set in Q1 when growth was at its slowest quarter since 2009.

HSBC Malaysia’s head of global trade and receivables finance, Debbie Mak, said the data showed the need for businesses to remain vigilant as the economic cycle evolves.

"China's growth prospects are crucial for companies engaged in overseas trade and today's data underscore the importance of prudently managing balance sheet and working capital risks in this current phase of the economic cycle," she said.

Fixed asset investment growth, a key gauge of the resilience of economic performance, slipped to 9% in the first half of 2016 versus 9.6% in the first five months of the year.

Private sector investment rose 2.8% in the first half of the year, down from 3.9% in the first five months.

China continues to remain as Malaysia’s largest trading partner for the 7th consecutive year since 2009. Over the years, both countries have pledged to build stronger all-round strategic partnership in areas including trade, finance, port development and logistics, banking and infrastructure.

Mak said Chinese companies are eyeing opportunities in Malaysia.

“Reflecting the opportunities, China's M&A into Malaysia has been the busiest on record, both in terms of volume and number of big deals. Real estate, consumer products and retail have been the most active sectors,” she added.

From January to July 2015, Chinese M&A into Malaysia rose nearly four times to US$830mil compared with the entire 2014, she said.

“It is also expected that trade between Malaysia and China will reach US$160bil by 2017,” May added.

Businesses must stay alert as China economy evolves, says HSBC

KUALA LUMPUR: Businesses must remain vigilant as China’s economic cycle evolves, especially those companies engaged in overseas trade after the world’s second largest economic released its economic data, according to HSBC Malaysia.

China's economy grew slightly faster than financial markets expected in the second three months of 2016, expanding by 6.7% from a year ago to stay flat to the pace set in Q1 when growth was at its slowest quarter since 2009.

HSBC Malaysia’s head of global trade and receivables finance, Debbie Mak, said the data showed the need for businesses to remain vigilant as the economic cycle evolves.

"China's growth prospects are crucial for companies engaged in overseas trade and today's data underscore the importance of prudently managing balance sheet and working capital risks in this current phase of the economic cycle," she said.

Fixed asset investment growth, a key gauge of the resilience of economic performance, slipped to 9% in the first half of 2016 versus 9.6% in the first five months of the year.

Private sector investment rose 2.8% in the first half of the year, down from 3.9% in the first five months.

China continues to remain as Malaysia’s largest trading partner for the 7th consecutive year since 2009. Over the years, both countries have pledged to build stronger all-round strategic partnership in areas including trade, finance, port development and logistics, banking and infrastructure.

Mak said Chinese companies are eyeing opportunities in Malaysia.

“Reflecting the opportunities, China's M&A into Malaysia has been the busiest on record, both in terms of volume and number of big deals. Real estate, consumer products and retail have been the most active sectors,” she added.

From January to July 2015, Chinese M&A into Malaysia rose nearly four times to US$830mil compared with the entire 2014, she said.

“It is also expected that trade between Malaysia and China will reach US$160bil by 2017,” May added.

OTHERS RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD

Type Announcement
Subject OTHERS

Description RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD (formerly known as INSTACOM GROUP BERHAD) ("VIVOCOM" OR THE "COMPANY")

We refer to our announcement dated 27 June 2016 and the recent news articles pertaining to rumours or speculations regarding Dato’ Seri Dr. Yeoh Seong Mok on his purported intention to resign or retire from the Company.

The Board of Directors (“Board”) would like to deny such rumours and speculations and wishes to clarify and confirm that Dato’ Seri Dr. Yeoh Seong Mok shall remain as the CEO of the Company, and that he has no intention of leaving the Company as reported in the press.

The Board takes note of its obligations under the listing requirements on timely disclosure of material developments and will make the necessary announcements of such pertinent matters accordingly.

The KL-SG HSR MoU signifies commitment, and is positive newsflow for the construction sector. Expected to commence operations in 2026, the construction duration could take eight years, starting from 2018. Overall, we view the HSR project positively in providing long-term sustainable job flows to the construction sector, and it should also help in enhancing land values with residential/commercial/industrial developments along much of its alignment. Reiterate POSITIVE on the construction sector.

VIVOCOM SUMMARY - Latest Update

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Exceeded expectation.
- Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016
- Forecast profit FYE2016 is RM60mil.
- Total Order book currently stand at RM1.4bil.
- RM600mil project is in the final stage of completion. To be announced in Aug 2016.
- Total project pipeline RM3.0 bil.
- There is a plan to move Vivocom to Main Board in 2017.
- Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector.
- Current Net Tangible Asset is 29 sen.
- Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing, China Power Energy etc...
- Current projects include Ipoh/Perak - 600 mil , D'Idaman (Phase 5) - 230 mil, Regal Tropics Sarawak - 250 mil, V Plaza Balakong - 23 mil, Regal Singapore - 200 mil, M101 Skywheel - 500 mil.
These finalisation projects totalling up to 1.803 bil and added to current bookorder of 1.4bil. Vivocom already meet the target of 3 bil lasting up to 2018.

PETALING JAYA: Pro-Najib blogger Lim Sian See has pointed out that any money said to have been embezzled from 1Malaysia Development Berhad was actually stolen from Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC).

He said 1MDB could not lay claim to the money, which the US Justice Department said had been embezzled and paid to Penang-born financier Jho Low, motion-picture production firm Red Granite Pictures and Abu Dhabi businessman Khadem Abdullah al-Qubaisi.

Analysing the allegations laid out in a suit by the Justice Department Lim said in his blog LSS Report that “if money from here was stolen, then it was stolen from International Petroleum Investment Co and not 1MDB.”

He said 1MDB had signed joint-venture agreements with Abu Dhabi company Aabar Investments PJS, where Khadem was the chairman and Mohamed Badawy Al-Husseiny the managing director.

The two men were named in the US suit together with Jho Low and Riza Aziz, son of Rosmah Mansor, wife of the prime minister.

The Justice Departmant seeks to seize US$1 billion in assets – including luxury properties, a hotel, a private jet, works of art and royalties to the movie Wolf of Wall Street. The suit says the assets were acquired with money embezzled from 1MDB funds.

Bernama reported that Lim said that 1MDB held that Aabar BVI was a legitimate firm owned by IPIC.

The two companies are in dispute about the money, and the case has gone to arbitration in London.

“For 1MDB to claim that the money is theirs would mean that the entire London arbitration case between IPIC and it would collapse. 1MDB will end up losing billions, while Abu Dhabi’s IPIC will get away blameless.

“This despite both of IPIC’s most senior executives, its former managing director Khadem from 2007 to 2015 and Aabar PJS’s managing director Mohamed Badawy being named as part of the US case and asset seizures,” he added, according to Bernama.

Lim said 1MDB would need to focus on winning its arbitration case by proving that the two senior executives of Aabar and IPIC had acted with full authority of the board and that all checks had shown that Aabar-BVI had legally belonged to both entities.

“1MDB believes it has enough evidence to win the case. It deliberately refused to pay for the scheduled interest payments on the bonds, despite having RM3 billion in the bank then, and allowed the two 1MDB bonds guaranteed by IPIC to default, thus triggering the guarantee by the latter, forcing it to pay up,” he said.

He added that if 1MDB wins this case, then the US$4.5 billion in assets could be recovered from IPIC.

“If this is the case, it is likely that IPIC will take over the US$3.5 billion bonds and allow 1MDB to keep the US$1 billion which it had paid earlier. IPIC will then be the party responsible for reclaiming the US$4.5 billion assets in Aabar-BVI,” he said, Bernama reported.

On the question of how much actual “wang rakyat” had been lost so far, he concluded, none so far.

“Since the amounts alleged to be stolen are from the loans that 1MDB took and are not due, no actual Malaysian money has been lost as yet. This is assuming that the IPIC dispute can be settled in 1MDB’s favour and the US$1.5 billion Global Investment Limited (GIL) bonds is redeemed,” Lim said.

He also pointed out that 1MDB had not defaulted on any loans or bonds so far other than US$3.5 billion bonds in dispute with IPIC.

“In fact, many loans have been completely repaid or settled,” he added.

Lim said if 1MDB won the IPIC arbitration case and also redeemed the US$1.5 billion GIL funds, then it could truly say that none of its money was missing or stolen.

A more detailed analysis of the US law suit is on Lim’s blog.

Solidarity for Najib in wake of US action

PETALING JAYA: In view of the US Justice Department’s action allegedly linking 1Malaysia Development Berhad (1MDB), Malaysians have taken to social media to show solidarity for Prime Minister Datuk Seri Najib Tun Razak.

Social media was abuzz with the hashtag #bestrongPM being widely shared on both Facebook and Twitter on Friday.

Among the messages circulated on Facebook include "Kekal Najib" (Najib to remain), “Belia Bangkit (Rise up youth)”, “Parlimen Pekan (Pekan Parliament)” and “Anti-DAP club”.

In addition to sharing the hashtag and the image attached to it, one page “Kelab Che Jib” wrote, "#bestrongPM in facing the allegations and negative perceptions that are being thrown at you."

They just like many other social media users urged the public to share the image and the hashtag in order to show support for the Prime Minister.

On Twitter, one @romyirwanshah wrote: "#bestrongPM, one day Malaysians will know who you are. We support you."

His message was echoed by @asyrafmiswan who said, "Najib is innocent, #bestrongPM."

On Thursday, Najib urged all parties not to jump to conclusions on the ongoing action by the US Justice Department to seize over US$1bil (RM4.02bil) in assets allegedly linked to 1MDB.

The Prime Minister said the Government would extend its full cooperation to all international investigative bodies relating to the matter.

Good teamwork blowmenewid.

VIVOCOM SUMMARY - Latest Update

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Exceeded expectation.
- Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016
- Forecast profit FYE2016 is RM60mil.
- Total Order book currently stand at RM1.4bil.
- RM600mil project is in the final stage of completion. To be announced in Aug 2016.
- Total project pipeline RM3.0 bil.
- There is a plan to move Vivocom to Main Board in 2017.
- Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector.
- Current Net Tangible Asset is 29 sen.
- Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing, China Power Energy etc...
- Current projects include Ipoh/Perak - 600 mil , D'Idaman (Phase 5) - 230 mil, Regal Tropics Sarawak - 250 mil, V Plaza Balakong - 23 mil, Regal Singapore - 200 mil, M101 Skywheel - 500 mil.
These finalisation projects totalling up to 1.803 bil and added to current bookorder of 1.4bil. Vivocom already meet the target of 3 bil lasting up to 2018.

Najib: Don't jump to conclusions over US action

KUALA LUMPUR: Datuk Seri Najib Tun Razak has urged all parties not to jump to conclusions over the ongoing action by the US Justice Department to seize over US$1bil (RM4.03bil) in assets allegedly linked to 1Malaysia Development Bhd (1MDB).

The Prime Minister said the Government will extend its full cooperation to all international investigative bodies relating to the matter.

"We take the matter seriously on the statement by the United States' Justice Department which was issued late last night.

"I want to say categorically that we are serious about good governance so anything that is against the law, we want the process to take its course," he told reporters at Wisma Felda here Thursday.

Najib said it is important to establish that it is a civil action and not a criminal action.

"And those people who are involved will have their right to say through the court process in the United States," he said.

OTHERS RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD

Type Announcement
Subject OTHERS

Description RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD (formerly known as INSTACOM GROUP BERHAD) ("VIVOCOM" OR THE "COMPANY")

We refer to our announcement dated 27 June 2016 and the recent news articles pertaining to rumours or speculations regarding Dato’ Seri Dr. Yeoh Seong Mok on his purported intention to resign or retire from the Company.

The Board of Directors (“Board”) would like to deny such rumours and speculations and wishes to clarify and confirm that Dato’ Seri Dr. Yeoh Seong Mok shall remain as the CEO of the Company, and that he has no intention of leaving the Company as reported in the press.

The Board takes note of its obligations under the listing requirements on timely disclosure of material developments and will make the necessary announcements of such pertinent matters accordingly.

The KL-SG HSR MoU signifies commitment, and is positive newsflow for the construction sector. Expected to commence operations in 2026, the construction duration could take eight years, starting from 2018. Overall, we view the HSR project positively in providing long-term sustainable job flows to the construction sector, and it should also help in enhancing land values with residential/commercial/industrial developments along much of its alignment. Reiterate POSITIVE on the construction sector.

Solidarity for Najib in wake of US action

PETALING JAYA: In view of the US Justice Department’s action allegedly linking 1Malaysia Development Berhad (1MDB), Malaysians have taken to social media to show solidarity for Prime Minister Datuk Seri Najib Tun Razak.

Social media was abuzz with the hashtag #bestrongPM being widely shared on both Facebook and Twitter on Friday.

Among the messages circulated on Facebook include "Kekal Najib" (Najib to remain), “Belia Bangkit (Rise up youth)”, “Parlimen Pekan (Pekan Parliament)” and “Anti-DAP club”.

In addition to sharing the hashtag and the image attached to it, one page “Kelab Che Jib” wrote, "#bestrongPM in facing the allegations and negative perceptions that are being thrown at you."

They just like many other social media users urged the public to share the image and the hashtag in order to show support for the Prime Minister.

On Twitter, one @romyirwanshah wrote: "#bestrongPM, one day Malaysians will know who you are. We support you."

His message was echoed by @asyrafmiswan who said, "Najib is innocent, #bestrongPM."

On Thursday, Najib urged all parties not to jump to conclusions on the ongoing action by the US Justice Department to seize over US$1bil (RM4.02bil) in assets allegedly linked to 1MDB.

The Prime Minister said the Government would extend its full cooperation to all international investigative bodies relating to the matter.

PETALING JAYA: Pro-Najib blogger Lim Sian See has pointed out that any money said to have been embezzled from 1Malaysia Development Berhad was actually stolen from Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC).

He said 1MDB could not lay claim to the money, which the US Justice Department said had been embezzled and paid to Penang-born financier Jho Low, motion-picture production firm Red Granite Pictures and Abu Dhabi businessman Khadem Abdullah al-Qubaisi.

Analysing the allegations laid out in a suit by the Justice Department Lim said in his blog LSS Report that “if money from here was stolen, then it was stolen from International Petroleum Investment Co and not 1MDB.”

He said 1MDB had signed joint-venture agreements with Abu Dhabi company Aabar Investments PJS, where Khadem was the chairman and Mohamed Badawy Al-Husseiny the managing director.

The two men were named in the US suit together with Jho Low and Riza Aziz, son of Rosmah Mansor, wife of the prime minister.

The Justice Departmant seeks to seize US$1 billion in assets – including luxury properties, a hotel, a private jet, works of art and royalties to the movie Wolf of Wall Street. The suit says the assets were acquired with money embezzled from 1MDB funds.

Bernama reported that Lim said that 1MDB held that Aabar BVI was a legitimate firm owned by IPIC.

The two companies are in dispute about the money, and the case has gone to arbitration in London.

“For 1MDB to claim that the money is theirs would mean that the entire London arbitration case between IPIC and it would collapse. 1MDB will end up losing billions, while Abu Dhabi’s IPIC will get away blameless.

“This despite both of IPIC’s most senior executives, its former managing director Khadem from 2007 to 2015 and Aabar PJS’s managing director Mohamed Badawy being named as part of the US case and asset seizures,” he added, according to Bernama.

Lim said 1MDB would need to focus on winning its arbitration case by proving that the two senior executives of Aabar and IPIC had acted with full authority of the board and that all checks had shown that Aabar-BVI had legally belonged to both entities.

“1MDB believes it has enough evidence to win the case. It deliberately refused to pay for the scheduled interest payments on the bonds, despite having RM3 billion in the bank then, and allowed the two 1MDB bonds guaranteed by IPIC to default, thus triggering the guarantee by the latter, forcing it to pay up,” he said.

He added that if 1MDB wins this case, then the US$4.5 billion in assets could be recovered from IPIC.

“If this is the case, it is likely that IPIC will take over the US$3.5 billion bonds and allow 1MDB to keep the US$1 billion which it had paid earlier. IPIC will then be the party responsible for reclaiming the US$4.5 billion assets in Aabar-BVI,” he said, Bernama reported.

On the question of how much actual “wang rakyat” had been lost so far, he concluded, none so far.

“Since the amounts alleged to be stolen are from the loans that 1MDB took and are not due, no actual Malaysian money has been lost as yet. This is assuming that the IPIC dispute can be settled in 1MDB’s favour and the US$1.5 billion Global Investment Limited (GIL) bonds is redeemed,” Lim said.

He also pointed out that 1MDB had not defaulted on any loans or bonds so far other than US$3.5 billion bonds in dispute with IPIC.

“In fact, many loans have been completely repaid or settled,” he added.

Lim said if 1MDB won the IPIC arbitration case and also redeemed the US$1.5 billion GIL funds, then it could truly say that none of its money was missing or stolen.

A more detailed analysis of the US law suit is on Lim’s blog.

Yawn.......

Stock: [VIVOCOM]: INSTACOM GROUP BERHAD

Jul 22, 2016 12:20 PM | Report Abuse

The KL-SG HSR MoU signifies commitment, and is positive newsflow for the construction sector. Expected to commence operations in 2026, the construction duration could take eight years, starting from 2018. Overall, we view the HSR project positively in providing long-term sustainable job flows to the construction sector, and it should also help in enhancing land values with residential/commercial/industrial developments along much of its alignment. Reiterate POSITIVE on the construction sector.

I am getting jealous friendofi3

Just ignore that ID Disagree. Don't respond to her. That is what I am strictly doing. She just want to talk rubbish. She is Vivocom's competitor and want to see Vivocom fail. She will not succeed and will eventually disappear from Vivocom forum.

Good one friendofi3. hahahahaha. Didagree is too free. Just give it to him.

hahahahahha friendofi3. Good one.

PETALING JAYA: Pro-Najib blogger Lim Sian See has pointed out that any money said to have been embezzled from 1Malaysia Development Berhad was actually stolen from Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC).

He said 1MDB could not lay claim to the money, which the US Justice Department said had been embezzled and paid to Penang-born financier Jho Low, motion-picture production firm Red Granite Pictures and Abu Dhabi businessman Khadem Abdullah al-Qubaisi.

Analysing the allegations laid out in a suit by the Justice Department Lim said in his blog LSS Report that “if money from here was stolen, then it was stolen from International Petroleum Investment Co and not 1MDB.”

He said 1MDB had signed joint-venture agreements with Abu Dhabi company Aabar Investments PJS, where Khadem was the chairman and Mohamed Badawy Al-Husseiny the managing director.

The two men were named in the US suit together with Jho Low and Riza Aziz, son of Rosmah Mansor, wife of the prime minister.

The Justice Departmant seeks to seize US$1 billion in assets – including luxury properties, a hotel, a private jet, works of art and royalties to the movie Wolf of Wall Street. The suit says the assets were acquired with money embezzled from 1MDB funds.

Bernama reported that Lim said that 1MDB held that Aabar BVI was a legitimate firm owned by IPIC.

The two companies are in dispute about the money, and the case has gone to arbitration in London.

“For 1MDB to claim that the money is theirs would mean that the entire London arbitration case between IPIC and it would collapse. 1MDB will end up losing billions, while Abu Dhabi’s IPIC will get away blameless.

“This despite both of IPIC’s most senior executives, its former managing director Khadem from 2007 to 2015 and Aabar PJS’s managing director Mohamed Badawy being named as part of the US case and asset seizures,” he added, according to Bernama.

Lim said 1MDB would need to focus on winning its arbitration case by proving that the two senior executives of Aabar and IPIC had acted with full authority of the board and that all checks had shown that Aabar-BVI had legally belonged to both entities.

“1MDB believes it has enough evidence to win the case. It deliberately refused to pay for the scheduled interest payments on the bonds, despite having RM3 billion in the bank then, and allowed the two 1MDB bonds guaranteed by IPIC to default, thus triggering the guarantee by the latter, forcing it to pay up,” he said.

He added that if 1MDB wins this case, then the US$4.5 billion in assets could be recovered from IPIC.

“If this is the case, it is likely that IPIC will take over the US$3.5 billion bonds and allow 1MDB to keep the US$1 billion which it had paid earlier. IPIC will then be the party responsible for reclaiming the US$4.5 billion assets in Aabar-BVI,” he said, Bernama reported.

On the question of how much actual “wang rakyat” had been lost so far, he concluded, none so far.

“Since the amounts alleged to be stolen are from the loans that 1MDB took and are not due, no actual Malaysian money has been lost as yet. This is assuming that the IPIC dispute can be settled in 1MDB’s favour and the US$1.5 billion Global Investment Limited (GIL) bonds is redeemed,” Lim said.

He also pointed out that 1MDB had not defaulted on any loans or bonds so far other than US$3.5 billion bonds in dispute with IPIC.

“In fact, many loans have been completely repaid or settled,” he added.

Lim said if 1MDB won the IPIC arbitration case and also redeemed the US$1.5 billion GIL funds, then it could truly say that none of its money was missing or stolen.

A more detailed analysis of the US law suit is on Lim’s blog.

VIVOCOM SUMMARY - Latest Update

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Exceeded expectation.
- Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016
- Forecast profit FYE2016 is RM60mil.
- Total Order book currently stand at RM1.4bil.
- RM600mil project is in the final stage of completion. To be announced in Aug 2016.
- Total project pipeline RM3.0 bil.
- There is a plan to move Vivocom to Main Board in 2017.
- Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector.
- Current Net Tangible Asset is 29 sen.
- Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing, China Power Energy etc...
- Current projects include Ipoh/Perak - 600 mil , D'Idaman (Phase 5) - 230 mil, Regal Tropics Sarawak - 250 mil, V Plaza Balakong - 23 mil, Regal Singapore - 200 mil, M101 Skywheel - 500 mil.
These finalisation projects totalling up to 1.803 bil and added to current bookorder of 1.4bil. Vivocom already meet the target of 3 bil lasting up to 2018.

VIVOCOM SUMMARY - Latest Update

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Exceeded expectation.
- Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016
- Forecast profit FYE2016 is RM60mil.
- Total Order book currently stand at RM1.4bil.
- RM600mil project is in the final stage of completion. To be announced in Aug 2016.
- Total project pipeline RM3.0 bil.
- There is a plan to move Vivocom to Main Board in 2017.
- Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector.
- Current Net Tangible Asset is 29 sen.
- Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing, China Power Energy etc...
- Current projects include Ipoh/Perak - 600 mil , D'Idaman (Phase 5) - 230 mil, Regal Tropics Sarawak - 250 mil, V Plaza Balakong - 23 mil, Regal Singapore - 200 mil, M101 Skywheel - 500 mil.
These finalisation projects totalling up to 1.803 bil and added to current bookorder of 1.4bil. Vivocom already meet the target of 3 bil lasting up to 2018.

PETALING JAYA: Pro-Najib blogger Lim Sian See has pointed out that any money said to have been embezzled from 1Malaysia Development Berhad was actually stolen from Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC).

He said 1MDB could not lay claim to the money, which the US Justice Department said had been embezzled and paid to Penang-born financier Jho Low, motion-picture production firm Red Granite Pictures and Abu Dhabi businessman Khadem Abdullah al-Qubaisi.

Analysing the allegations laid out in a suit by the Justice Department Lim said in his blog LSS Report that “if money from here was stolen, then it was stolen from International Petroleum Investment Co and not 1MDB.”

He said 1MDB had signed joint-venture agreements with Abu Dhabi company Aabar Investments PJS, where Khadem was the chairman and Mohamed Badawy Al-Husseiny the managing director.

The two men were named in the US suit together with Jho Low and Riza Aziz, son of Rosmah Mansor, wife of the prime minister.

The Justice Departmant seeks to seize US$1 billion in assets – including luxury properties, a hotel, a private jet, works of art and royalties to the movie Wolf of Wall Street. The suit says the assets were acquired with money embezzled from 1MDB funds.

Bernama reported that Lim said that 1MDB held that Aabar BVI was a legitimate firm owned by IPIC.

The two companies are in dispute about the money, and the case has gone to arbitration in London.

“For 1MDB to claim that the money is theirs would mean that the entire London arbitration case between IPIC and it would collapse. 1MDB will end up losing billions, while Abu Dhabi’s IPIC will get away blameless.

“This despite both of IPIC’s most senior executives, its former managing director Khadem from 2007 to 2015 and Aabar PJS’s managing director Mohamed Badawy being named as part of the US case and asset seizures,” he added, according to Bernama.

Lim said 1MDB would need to focus on winning its arbitration case by proving that the two senior executives of Aabar and IPIC had acted with full authority of the board and that all checks had shown that Aabar-BVI had legally belonged to both entities.

“1MDB believes it has enough evidence to win the case. It deliberately refused to pay for the scheduled interest payments on the bonds, despite having RM3 billion in the bank then, and allowed the two 1MDB bonds guaranteed by IPIC to default, thus triggering the guarantee by the latter, forcing it to pay up,” he said.

He added that if 1MDB wins this case, then the US$4.5 billion in assets could be recovered from IPIC.

“If this is the case, it is likely that IPIC will take over the US$3.5 billion bonds and allow 1MDB to keep the US$1 billion which it had paid earlier. IPIC will then be the party responsible for reclaiming the US$4.5 billion assets in Aabar-BVI,” he said, Bernama reported.

On the question of how much actual “wang rakyat” had been lost so far, he concluded, none so far.

“Since the amounts alleged to be stolen are from the loans that 1MDB took and are not due, no actual Malaysian money has been lost as yet. This is assuming that the IPIC dispute can be settled in 1MDB’s favour and the US$1.5 billion Global Investment Limited (GIL) bonds is redeemed,” Lim said.

He also pointed out that 1MDB had not defaulted on any loans or bonds so far other than US$3.5 billion bonds in dispute with IPIC.

“In fact, many loans have been completely repaid or settled,” he added.

Lim said if 1MDB won the IPIC arbitration case and also redeemed the US$1.5 billion GIL funds, then it could truly say that none of its money was missing or stolen.

A more detailed analysis of the US law suit is on Lim’s blog.

PETALING JAYA: Pro-Najib blogger Lim Sian See has pointed out that any money said to have been embezzled from 1Malaysia Development Berhad was actually stolen from Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC).

He said 1MDB could not lay claim to the money, which the US Justice Department said had been embezzled and paid to Penang-born financier Jho Low, motion-picture production firm Red Granite Pictures and Abu Dhabi businessman Khadem Abdullah al-Qubaisi.

Analysing the allegations laid out in a suit by the Justice Department Lim said in his blog LSS Report that “if money from here was stolen, then it was stolen from International Petroleum Investment Co and not 1MDB.”

He said 1MDB had signed joint-venture agreements with Abu Dhabi company Aabar Investments PJS, where Khadem was the chairman and Mohamed Badawy Al-Husseiny the managing director.

The two men were named in the US suit together with Jho Low and Riza Aziz, son of Rosmah Mansor, wife of the prime minister.

The Justice Departmant seeks to seize US$1 billion in assets – including luxury properties, a hotel, a private jet, works of art and royalties to the movie Wolf of Wall Street. The suit says the assets were acquired with money embezzled from 1MDB funds.

Bernama reported that Lim said that 1MDB held that Aabar BVI was a legitimate firm owned by IPIC.

The two companies are in dispute about the money, and the case has gone to arbitration in London.

“For 1MDB to claim that the money is theirs would mean that the entire London arbitration case between IPIC and it would collapse. 1MDB will end up losing billions, while Abu Dhabi’s IPIC will get away blameless.

“This despite both of IPIC’s most senior executives, its former managing director Khadem from 2007 to 2015 and Aabar PJS’s managing director Mohamed Badawy being named as part of the US case and asset seizures,” he added, according to Bernama.

Lim said 1MDB would need to focus on winning its arbitration case by proving that the two senior executives of Aabar and IPIC had acted with full authority of the board and that all checks had shown that Aabar-BVI had legally belonged to both entities.

“1MDB believes it has enough evidence to win the case. It deliberately refused to pay for the scheduled interest payments on the bonds, despite having RM3 billion in the bank then, and allowed the two 1MDB bonds guaranteed by IPIC to default, thus triggering the guarantee by the latter, forcing it to pay up,” he said.

He added that if 1MDB wins this case, then the US$4.5 billion in assets could be recovered from IPIC.

“If this is the case, it is likely that IPIC will take over the US$3.5 billion bonds and allow 1MDB to keep the US$1 billion which it had paid earlier. IPIC will then be the party responsible for reclaiming the US$4.5 billion assets in Aabar-BVI,” he said, Bernama reported.

On the question of how much actual “wang rakyat” had been lost so far, he concluded, none so far.

“Since the amounts alleged to be stolen are from the loans that 1MDB took and are not due, no actual Malaysian money has been lost as yet. This is assuming that the IPIC dispute can be settled in 1MDB’s favour and the US$1.5 billion Global Investment Limited (GIL) bonds is redeemed,” Lim said.

He also pointed out that 1MDB had not defaulted on any loans or bonds so far other than US$3.5 billion bonds in dispute with IPIC.

“In fact, many loans have been completely repaid or settled,” he added.

Lim said if 1MDB won the IPIC arbitration case and also redeemed the US$1.5 billion GIL funds, then it could truly say that none of its money was missing or stolen.

A more detailed analysis of the US law suit is on Lim’s blog.

VIVOCOM SUMMARY - Latest Update

Five solid financial institutions ( CIMB, MIDF, SJ Securities, Mercury Securities and TA ) advocating a BUY CALL for Vivocom with Target Price at 72 sen.

- Declared Bonus issue 1:4 on 12 July. Approved by Bursa on 22 July 2016.
- Q1 result Profit after Tax RM20mil. Exceeded expectation.
- Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016
- Forecast profit FYE2016 is RM60mil.
- Total Order book currently stand at RM1.4bil.
- RM600mil project is in the final stage of completion. To be announced in Aug 2016.
- Total project pipeline RM3.0 bil.
- There is a plan to move Vivocom to Main Board in 2017.
- Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector.
- Current Net Tangible Asset is 29 sen.
- Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing, China Power Energy etc...
- Current projects include Ipoh/Perak - 600 mil , D'Idaman (Phase 5) - 230 mil, Regal Tropics Sarawak - 250 mil, V Plaza Balakong - 23 mil, Regal Singapore - 200 mil, M101 Skywheel - 500 mil.
These finalisation projects totalling up to 1.803 bil and added to current bookorder of 1.4bil. Vivocom already meet the target of 3 bil lasting up to 2018.

PETALING JAYA: Pro-Najib blogger Lim Sian See has pointed out that any money said to have been embezzled from 1Malaysia Development Berhad was actually stolen from Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC).

He said 1MDB could not lay claim to the money, which the US Justice Department said had been embezzled and paid to Penang-born financier Jho Low, motion-picture production firm Red Granite Pictures and Abu Dhabi businessman Khadem Abdullah al-Qubaisi.

Analysing the allegations laid out in a suit by the Justice Department Lim said in his blog LSS Report that “if money from here was stolen, then it was stolen from International Petroleum Investment Co and not 1MDB.”

He said 1MDB had signed joint-venture agreements with Abu Dhabi company Aabar Investments PJS, where Khadem was the chairman and Mohamed Badawy Al-Husseiny the managing director.

The two men were named in the US suit together with Jho Low and Riza Aziz, son of Rosmah Mansor, wife of the prime minister.

The Justice Departmant seeks to seize US$1 billion in assets – including luxury properties, a hotel, a private jet, works of art and royalties to the movie Wolf of Wall Street. The suit says the assets were acquired with money embezzled from 1MDB funds.

Bernama reported that Lim said that 1MDB held that Aabar BVI was a legitimate firm owned by IPIC.

The two companies are in dispute about the money, and the case has gone to arbitration in London.

“For 1MDB to claim that the money is theirs would mean that the entire London arbitration case between IPIC and it would collapse. 1MDB will end up losing billions, while Abu Dhabi’s IPIC will get away blameless.

“This despite both of IPIC’s most senior executives, its former managing director Khadem from 2007 to 2015 and Aabar PJS’s managing director Mohamed Badawy being named as part of the US case and asset seizures,” he added, according to Bernama.

Lim said 1MDB would need to focus on winning its arbitration case by proving that the two senior executives of Aabar and IPIC had acted with full authority of the board and that all checks had shown that Aabar-BVI had legally belonged to both entities.

“1MDB believes it has enough evidence to win the case. It deliberately refused to pay for the scheduled interest payments on the bonds, despite having RM3 billion in the bank then, and allowed the two 1MDB bonds guaranteed by IPIC to default, thus triggering the guarantee by the latter, forcing it to pay up,” he said.

He added that if 1MDB wins this case, then the US$4.5 billion in assets could be recovered from IPIC.

“If this is the case, it is likely that IPIC will take over the US$3.5 billion bonds and allow 1MDB to keep the US$1 billion which it had paid earlier. IPIC will then be the party responsible for reclaiming the US$4.5 billion assets in Aabar-BVI,” he said, Bernama reported.

On the question of how much actual “wang rakyat” had been lost so far, he concluded, none so far.

“Since the amounts alleged to be stolen are from the loans that 1MDB took and are not due, no actual Malaysian money has been lost as yet. This is assuming that the IPIC dispute can be settled in 1MDB’s favour and the US$1.5 billion Global Investment Limited (GIL) bonds is redeemed,” Lim said.

He also pointed out that 1MDB had not defaulted on any loans or bonds so far other than US$3.5 billion bonds in dispute with IPIC.

“In fact, many loans have been completely repaid or settled,” he added.

Lim said if 1MDB won the IPIC arbitration case and also redeemed the US$1.5 billion GIL funds, then it could truly say that none of its money was missing or stolen.

A more detailed analysis of the US law suit is on Lim’s blog.

PETALING JAYA: Pro-Najib blogger Lim Sian See has pointed out that any money said to have been embezzled from 1Malaysia Development Berhad was actually stolen from Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC).

He said 1MDB could not lay claim to the money, which the US Justice Department said had been embezzled and paid to Penang-born financier Jho Low, motion-picture production firm Red Granite Pictures and Abu Dhabi businessman Khadem Abdullah al-Qubaisi.

Analysing the allegations laid out in a suit by the Justice Department Lim said in his blog LSS Report that “if money from here was stolen, then it was stolen from International Petroleum Investment Co and not 1MDB.”

He said 1MDB had signed joint-venture agreements with Abu Dhabi company Aabar Investments PJS, where Khadem was the chairman and Mohamed Badawy Al-Husseiny the managing director.

The two men were named in the US suit together with Jho Low and Riza Aziz, son of Rosmah Mansor, wife of the prime minister.

The Justice Departmant seeks to seize US$1 billion in assets – including luxury properties, a hotel, a private jet, works of art and royalties to the movie Wolf of Wall Street. The suit says the assets were acquired with money embezzled from 1MDB funds.

Bernama reported that Lim said that 1MDB held that Aabar BVI was a legitimate firm owned by IPIC.

The two companies are in dispute about the money, and the case has gone to arbitration in London.

“For 1MDB to claim that the money is theirs would mean that the entire London arbitration case between IPIC and it would collapse. 1MDB will end up losing billions, while Abu Dhabi’s IPIC will get away blameless.

“This despite both of IPIC’s most senior executives, its former managing director Khadem from 2007 to 2015 and Aabar PJS’s managing director Mohamed Badawy being named as part of the US case and asset seizures,” he added, according to Bernama.

Lim said 1MDB would need to focus on winning its arbitration case by proving that the two senior executives of Aabar and IPIC had acted with full authority of the board and that all checks had shown that Aabar-BVI had legally belonged to both entities.

“1MDB believes it has enough evidence to win the case. It deliberately refused to pay for the scheduled interest payments on the bonds, despite having RM3 billion in the bank then, and allowed the two 1MDB bonds guaranteed by IPIC to default, thus triggering the guarantee by the latter, forcing it to pay up,” he said.

He added that if 1MDB wins this case, then the US$4.5 billion in assets could be recovered from IPIC.

“If this is the case, it is likely that IPIC will take over the US$3.5 billion bonds and allow 1MDB to keep the US$1 billion which it had paid earlier. IPIC will then be the party responsible for reclaiming the US$4.5 billion assets in Aabar-BVI,” he said, Bernama reported.

On the question of how much actual “wang rakyat” had been lost so far, he concluded, none so far.

“Since the amounts alleged to be stolen are from the loans that 1MDB took and are not due, no actual Malaysian money has been lost as yet. This is assuming that the IPIC dispute can be settled in 1MDB’s favour and the US$1.5 billion Global Investment Limited (GIL) bonds is redeemed,” Lim said.

He also pointed out that 1MDB had not defaulted on any loans or bonds so far other than US$3.5 billion bonds in dispute with IPIC.

“In fact, many loans have been completely repaid or settled,” he added.

Lim said if 1MDB won the IPIC arbitration case and also redeemed the US$1.5 billion GIL funds, then it could truly say that none of its money was missing or stolen.

A more detailed analysis of the US law suit is on Lim’s blog.

Dis has been paid to do all this. His job is to continue to talk down the price for obvious reasons. Now his job is done because price is on the rise. He is redundant and has been retrenched. Last Friday was a farewell dinner for him. Good riddence.

Solidarity for Najib in wake of US action

PETALING JAYA: In view of the US Justice Department’s action allegedly linking 1Malaysia Development Berhad (1MDB), Malaysians have taken to social media to show solidarity for Prime Minister Datuk Seri Najib Tun Razak.

Social media was abuzz with the hashtag #bestrongPM being widely shared on both Facebook and Twitter on Friday.

Among the messages circulated on Facebook include "Kekal Najib" (Najib to remain), “Belia Bangkit (Rise up youth)”, “Parlimen Pekan (Pekan Parliament)” and “Anti-DAP club”.

In addition to sharing the hashtag and the image attached to it, one page “Kelab Che Jib” wrote, "#bestrongPM in facing the allegations and negative perceptions that are being thrown at you."

They just like many other social media users urged the public to share the image and the hashtag in order to show support for the Prime Minister.

On Twitter, one @romyirwanshah wrote: "#bestrongPM, one day Malaysians will know who you are. We support you."

His message was echoed by @asyrafmiswan who said, "Najib is innocent, #bestrongPM."

On Thursday, Najib urged all parties not to jump to conclusions on the ongoing action by the US Justice Department to seize over US$1bil (RM4.02bil) in assets allegedly linked to 1MDB.

The Prime Minister said the Government would extend its full cooperation to all international investigative bodies relating to the matter.

Disagree has beecome tiutiuniam....hahahahahaha

Disagree the coward. hahahahahaha

That idiot Disagree is scared of Flowerhorn. hahahahaha..............

Don't listen to his bull story. All bluff.

Forget the conman Disagreee. He is a loser. He finished counting his profit last night because it is very little. We have yet to count ours. We will take some time to finish counting because there is a lot to count.

BUY. Conman Disagree disappeared.

Believe BUY, If not BYE BYE.

BUY. Conman Disagree disappeared.

BUY. Conman Disagree gone.

Yes BUY. Bad luck Disagree gone.

Just ignore that ID Disagree. Don't respond to her. That is what I am strictly doing. She just want to talk rubbish. She is Vivocom's competitor and want to see Vivocom fail. She will not succeed and will eventually disappear from Vivocom forum.

VIVOCOM SUMMARY - Latest Update

- Declared Bonus issue 1:4 on 12 July to reward shareholders.
- Q1 result Profit after Tax RM20mil. Exceeded expectation.
- Q2 result Profit estimated abive RM21mil. Above expectation again. To be announced in Aug 2016
- Forecast profit FYE2016 is RM60mil.
- Total Order book currently stand at RM1.4bil.
- RM600mil project is in the final stage of completion. To be announced in Aug 2016.
- Total project pipeline RM3.0 bil.
- There is a plan to move Vivocom to Main Board in 2017.
- Share Capital 2.6bil. Vivocom has the largest market capitalization for the SME sector.
- Current Net Tangible Asset is 29 sen.
- Business Partners include CRCC, China MCC, Regal International Group, Zhonghe Haoxing, China Power Energy etc...
- Current projects include Ipoh/Perak - 600 mil , D'Idaman (Phase 5) - 230 mil, Regal Tropics Sarawak - 250 mil, V Plaza Balakong - 23 mil, Regal Singapore - 200 mil, M101 Skywheel - 500 mil.

The KL-SG HSR MoU signifies commitment, and is positive newsflow for the construction sector. Expected to commence operations in 2026, the construction duration could take eight years, starting from 2018. Overall, we view the HSR project positively in providing long-term sustainable job flows to the construction sector, and it should also help in enhancing land values with residential/commercial/industrial developments along much of its alignment. Reiterate POSITIVE on the construction sector.

OTHERS RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD

Type Announcement
Subject OTHERS

Description RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD (formerly known as INSTACOM GROUP BERHAD) ("VIVOCOM" OR THE "COMPANY")

We refer to our announcement dated 27 June 2016 and the recent news articles pertaining to rumours or speculations regarding Dato’ Seri Dr. Yeoh Seong Mok on his purported intention to resign or retire from the Company.

The Board of Directors (“Board”) would like to deny such rumours and speculations and wishes to clarify and confirm that Dato’ Seri Dr. Yeoh Seong Mok shall remain as the CEO of the Company, and that he has no intention of leaving the Company as reported in the press.

The Board takes note of its obligations under the listing requirements on timely disclosure of material developments and will make the necessary announcements of such pertinent matters accordingly.

Najib: Don't jump to conclusions over US action

KUALA LUMPUR: Datuk Seri Najib Tun Razak has urged all parties not to jump to conclusions over the ongoing action by the US Justice Department to seize over US$1bil (RM4.03bil) in assets allegedly linked to 1Malaysia Development Bhd (1MDB).

The Prime Minister said the Government will extend its full cooperation to all international investigative bodies relating to the matter.

"We take the matter seriously on the statement by the United States' Justice Department which was issued late last night.

"I want to say categorically that we are serious about good governance so anything that is against the law, we want the process to take its course," he told reporters at Wisma Felda here Thursday.

Najib said it is important to establish that it is a civil action and not a criminal action.

"And those people who are involved will have their right to say through the court process in the United States," he said.

Najib: Don't jump to conclusions over US action

KUALA LUMPUR: Datuk Seri Najib Tun Razak has urged all parties not to jump to conclusions over the ongoing action by the US Justice Department to seize over US$1bil (RM4.03bil) in assets allegedly linked to 1Malaysia Development Bhd (1MDB).

The Prime Minister said the Government will extend its full cooperation to all international investigative bodies relating to the matter.

"We take the matter seriously on the statement by the United States' Justice Department which was issued late last night.

"I want to say categorically that we are serious about good governance so anything that is against the law, we want the process to take its course," he told reporters at Wisma Felda here Thursday.

Najib said it is important to establish that it is a civil action and not a criminal action.

"And those people who are involved will have their right to say through the court process in the United States," he said.

The KL-SG HSR MoU signifies commitment, and is positive newsflow for the construction sector. Expected to commence operations in 2026, the construction duration could take eight years, starting from 2018. Overall, we view the HSR project positively in providing long-term sustainable job flows to the construction sector, and it should also help in enhancing land values with residential/commercial/industrial developments along much of its alignment. Reiterate POSITIVE on the construction sector.

OTHERS RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD

Type Announcement
Subject OTHERS

Description RUMOURS OR SPECULATIONS REGARDING DATO SERI DR. YEOH SEONG MOK ON HIS PURPORTED INTENTION TO RESIGN OR RETIRE FROM THE COMPANY.

VIVOCOM INTL HOLDINGS BERHAD (formerly known as INSTACOM GROUP BERHAD) ("VIVOCOM" OR THE "COMPANY")

We refer to our announcement dated 27 June 2016 and the recent news articles pertaining to rumours or speculations regarding Dato’ Seri Dr. Yeoh Seong Mok on his purported intention to resign or retire from the Company.

The Board of Directors (“Board”) would like to deny such rumours and speculations and wishes to clarify and confirm that Dato’ Seri Dr. Yeoh Seong Mok shall remain as the CEO of the Company, and that he has no intention of leaving the Company as reported in the press.

The Board takes note of its obligations under the listing requirements on timely disclosure of material developments and will make the necessary announcements of such pertinent matters accordingly.