Until they announce the new investor background only can determine the new direction of this company (if there is any), as of now Seacera only know how to goreng Ikan bilis...

Share will be heavily diluted after placement....

Private placement lagi.... 0.21sen

MoF just approved ICO law under SC supervision... Horse coin, Harpan coin.... What else?

BenBen going to Bahrain to do business with the Arabs luuuuuu.....

MyEg is heading to blockchain, cryto & ewallet for the next few years.... That's the big wave for Malaysia once regulated frame work is done by BNM... Stay tuned....

Hidup BenBen!!!

Turbo 医好了，可以出院了。。。

0.485 这关很硬！

确定吗？涡轮下午不会又来 turbo-lag 吧！

来了。。。涡轮跑了！哈哈哈哈

KUALA LUMPUR (Jan 8): A former top Tourism Malaysia official with a 'Datuk' title has been arrested by the Malaysian Anti-Corruption Commission (MACC), according to news reports.

The individual, who is also a well-known businessman, is expected to be remanded tomorrow, The Star and Free Malaysia Today (FMT) reported.

Citing sources, The Star said the official was summoned by MACC yesterday to have his statement recorded. The individual was then arrested after several hours of questioning.

FMT wrote that the detention was made under Section 23 of the MACC Act 2009, which relates to using one's office for gratification. If found guilty, one can be jailed for up to 20 years and fined not less than five times the gratification or RM10,000 — whichever is higher.

It was reported in June last year that the MACC had visited Tourism Malaysia. Its chairman Datuk Dr Siew Ka Wei issued a statement on June 8 saying Tourism Malaysia had given full cooperation to the anti-graft commission.

The visit came after former Tourism Malaysia chairman Wee Choo Keong, in end-May, raised questions over a RM99 million deal between a local company and Tourism Malaysia, which Wee claimed was made speedily and against the Government's procurement regulations.

It was reported at that time that the contract involved the local company acting as a go-between for Tourism Malaysia and a China-based firm to promote Malaysia on social media platforms.

应该这次可以上路了，外面吹很大风有人 要收购！

涡轮又弄好了？这次可以上路了吗？

Kossan, Harta & TopGlove 南下了咯！舒适可以顶几久？明天好跑咯。。。。

Hidup BenBen!

Penang facial recognition CCTV roled out today....

Hidup BenBen!

With Khazanah restructuring since PH took over, then put Zeti to lead PNB to now taking over TH under MOF.... Can u see what's PH doing? Meanwhile, KWSP always neutral thus far....

TH share in dsonic transfer to MOF....

Hidup BenBen.....

Triple top position now. Turbo sudah OK? Boleh terbang?

Lorries parking at 0.770 & 0.740.....

if sink to 0.30.... I will park the Cargo train to load.... lorries not enough!

Lorries parking at 0.770 & 0.740.....

Lorries parking at 0.770 & 0.740.....

Tabung Haji is in deep shit now. More arrest coming from MACC... TH is one of the substantial share holder of DataSonic in the last Annual Report. Stay alert traders....

lari kuat kuat lo....

Cuscapi Indonesia want to do the tax monitoring system? MyEg were saying they might be making losses in Indonesia thus reducing the holding in their Indonesia SPV....

With SKIN project being cancelled now from JIM. Who will win get the new system contract from JIM?

Turbo sudah fixed? Boleh terbang?

d_trade...that's very much depends on how you see the new team under ranger Jaya. Run if you are not confident with the future prospect of this company.... Enter if you think they will turn around with their new plan.

Cuscapi to clinch e-govt concessionaire via Litar Pasifika buy for RM16m

Posted on 19 November 2018 - 07:24pm
sunbiz@thesundaily.com


PETALING JAYA: Cuscapi Bhd is set to own one of the only two concessionaires that provide electronic government solutions and other related government services in Malaysia through the acquistion of the the entire stake in Litar Pasifika Sdn Bhd for RM16 million.

Litar Pasifika holds a 20% stake in Konsortium Multimedia Swasta Sdn Bhd, a concessionaire for Malaysian E-Government MSC Flagship Application that builds, operates and owns the electronic channel to deliver services from various Government agencies to Malaysian citizens and businesses.

Cuscapi told Bursa Malaysia that it had entered into a share purchase agreement with Litaran Pasifik Sdn Bhd for the acquisition.

Cuscapi said this strategic investment is expected to provide the group an opportunity to participate in the e-government industry and in line with its expansion plans to diversify into future sectors and services, which are complementary to its existing businesses.

“The proposed acquisition also represent an opportunity for Cuscapi to participate in potential growth of a company as it attempts to increase the number of e-government services under the new government.”

Its sole competitor in the e-government concession industry has a market capitalisation exceeding RM5 billion as at August 31, 2018.

The acquisition will be satisfied via a placement fund from the previous placement exercise in respect of the issuance of the shares and warrants as well as working capital.

The exercise is expected to be completed by November 30, 2018.

Cuscapi's share price was down 4.3% to close at 22 sen with 2.59 million shares changing hands.

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CUSCAPI BERHAD (Company No.: 43190-H) (CUSCAPI OR COMPANY OR PURCHASER) PROPOSED SHARES ACQUISITION BY CUSCAPI OF THE ENTIRE EQUITY INTEREST IN LITAR PASIFIKA SDN BHD (LPASIFIKA), WHICH HOLDS A 20% EQUITY STAKE IN KONSORTIUM MULTIMEDIA SWASTA SDN. BHD (TARGET COMPANY), FROM LITARAN PASIFIK SDN BHD (LPASIFIK) (THE VENDOR) FOR A TOTAL CASH CONSIDERATION OF RM16,000,000 (PROPOSED ACQUISITION)

Time to look see look see again....

Not tired meh oranje belanda? Got so many account talking to yourself?

Gap up soon...

oranje belanda mana wei?

oranje belanda mana piigi?

Don't think too much..... Just wait till next year!

Probably the Titijaya director..... Hahahahaha!

oranje belanda mana?

Reference is made to announcements dated 26 September 2018 and 28 September 2018. Unless otherwise stated, the definitions and terms used herein shall have the same meaning as defined in those announcements.

The Company wishes to announce that Cuscapi Malaysia Sdn Bhd ("Cuscapi Malaysia") and Cuscapi Berhad had on 29 October 2018 filed a Defence and Counter Claim dated 29 October 2018.

Parties To The Counter Claim

The Companies in their Counter Claim are claiming against the following parties:

(a) Hitachi Systems Digital Services (Singapore) Pte. Ltd. ("Hitachi Singapore") (which is also the Plaintiff in the original action);

(b) Her Chor Siong, the former Chief Executive Officer of Cuscapi Berhad and a Director in both Cuscapi Berhad and Cuscapi Malaysia at that material time; and

(c) Ong Chin Hui, the Chief Executive Officer of Hitachi Singapore and a shareholder with a large number of shares in Cuscapi Berhad at that material time;

(Hitachi Singapore, Her Chor Siong and Ong Chin Hui are hereinafter collectively referred to as “Defendants in the Counter Claim”).

Defence And Counter Claim

Broadly, the Companies had in their Defence and Counter Claim claimed, among others:

(a) that Her Chor Siong, Ong Chin Hui and/or Hitachi Singapore are involved in a scheme to defraud and cause losses to the Companies as well as make secret profits arising from the arrangements entered into with Hitachi Singapore;

(b) that Her Chor Siong had breached his fiduciary duties towards the Companies;

(c) that Ong Chin Hui had dishonestly assisted Her Chor Siong in his breach of fiduciary duties towards the Companies;

(d) that Hitachi Singapore had dishonestly assisted Her Chor Siong in his breach of fiduciary duties towards the Companies;

(e) that Hitachi Singapore had knowingly received monies from Cuscapi Malaysia by reason of Her Chor Siong’s breach of his fiduciary duties towards the Companies;

(f) that the agreement for the purchase of REV Hardware tablets and corporate guarantee entered into in 2016 (being the subject matter of Hitachi Singapore’s claim) are null and void and unenforceable;

(g) that the Companies are not liable to Hitachi Singapore for any sums whatsoever;

(h) that Hitachi Singapore is liable to repay Cuscapi Malaysia USD2,793,334.80;

(i) that as against the Defendants in the Counter Claim and each of them, the Judgment Sum of USD2,793,334.80;

(j) that damages are to be assessed against the Defendants in the Counter Claim;

(k) that the interest rate of 5% per annum on any sum found to be due to the Companies from the date of judgment until the date of full satisfaction; and costs on a solicitors-client basis; and

(l) that such further orders as the Court deems fit and proper be made.

The Board of Directors of the Company will continue to take all necessary actions and pursue all available remedies to defend and protect the Companies’ position.

The Company will make the necessary announcements on material development in respect of this from time to time.

This announcement is dated 29 October 2018.


http://malaysiastock.biz/Company-Announcement.aspx?id=1096096

Jaya sued balik Her Choh Siong & Hitachi....

Working capital for Sabah project... PP will raise around rm5mil...

On behalf of the Board of Directors of M-MODE, UOB Kay Hian Securities (M) Sdn Bhd is pleased to announce that the Company proposes to undertake a private placement of up to 10% of the total number of issued shares of M-MODE to third party investors to be identified later.

Details of the Proposed Private Placement are set out in the attachment enclosed.

This announcement is dated 29 October 2018

Private placement coming...

Rm1.00???? U are underestimated BenBen! Hidup BenBen......

Jaya beli opis baru.... MyEg tower....

Insider news also said bank will goreng until rm2.50..... Wahahahahaha.... Hidup BenBen!