XOX TECHNOLOGY BERHAD

KLSE (MYR): XOXTECH (0017)

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Last Price

0.06

Today's Change

0.00 (0.00%)

Day's Change

0.055 - 0.06

Trading Volume

4,446,200


7 people like this.

4,385 comment(s). Last comment by mf 1 week ago

Posted by whistlebower99 > 2021-08-12 21:52 |

Post removed.Why?

MZM2511

4,550 posts

Posted by MZM2511 > 2021-08-12 22:25 | Report Abuse

@whistlebower99. Do you think that a company without any plans to do businesses is better than a company which has a plan to do businesses?
What kind of THE BLIND PARROT company analyst you are. The cheap plug spammer. Haish
12/08/2021 10:23 PM

mokkabo

3 posts

Posted by mokkabo > 2021-08-13 16:54 | Report Abuse

SB Lim exposed?
www.wetheseven.com

Posted by whistlebower99 > 2021-08-18 11:56 |

Post removed.Why?

lucky8

181 posts

Posted by lucky8 > 2021-08-22 17:28 | Report Abuse

seems 0.06 had been collected for quite some vol, time to boom above 0.07

cumcumshot

438 posts

Posted by cumcumshot > 2021-08-22 21:29 | Report Abuse

41mil sold at 8c. One cent extra from the ESOS. Bagus lor. gon loh mee 1c. This is to reward his excellent role in the EGM.

Mana itu 123? Bila nak 10c ah? Skg baru 6c, so chai is collecting? but later XOX will do private placement at 4.5c. Hahaha. All the so chai buy at 6c, thinking M3 will break 10c.

Really a lot of so chai in the mkt. Hahaha!!!

Diehard

54 posts

Posted by Diehard > 2021-08-24 17:44 | Report Abuse

MNC also the 21 "god share ( rubbish share) " pls go remember all 21 "god share" and dont touch it.

freddiehero

16,722 posts

Posted by freddiehero > 2021-08-24 17:54 | Report Abuse

ade feeling..

lucky8

181 posts

Posted by lucky8 > 2021-08-24 20:00 | Report Abuse

wait again at 0.06

Posted by whistlebower99 > 2021-08-25 10:10 |

Post removed.Why?

mokkabo

3 posts

Posted by mokkabo > 2021-08-25 23:14 | Report Abuse

Aik! You tau baca or not bro @whistlebower99? How is it "Internal Tussle"?

Terang2 die org membuat dakwaan ke atas company yg lain. (AMAZ DIGITAL SDN BHD) Kerana die org curi software dari M3 Tech dan jual kat luar and all the defendants are involved including former MD Lim Seng Boon. Lagi2 ade dlm senarai nama tu pun ade staff2 M3 Tech. Pencuri!

Wah... Anton Piller Injunction some more. This very susah. Good luck to them!

Hopefully after clearing out all these taik traitors they can focus back on making money.

Posted by whistlebower99 > 2021-08-27 10:59 |

Post removed.Why?

Posted by whistlebower99 > 2021-08-31 16:06 | Report Abuse

Name of Shareholders Shares Held (%)

1. M & A Nominees (Asing) Sdn. Bhd. 146,830,800 16.43
- Sanston Financial Group Limited for XOX (Hong Kong) Limited

2. Lim Seng Boon 57,105,000 6.39

3. M & A Nominee (Asing) Sdn. Bhd. 41,383,081 4.63
- Exempt an for Sanston Financial Group Limited (Account Client)

4. XOX Bhd 32,049,200 3.59

5. GV Asia Fund Limited 19,959,600 2.23

6. Lim Siew Ching 18,150,000 2.03

7. Lai Yee Ling 15,861,600 1.77

8. Goh Lee Lang 14,596,140 1.63

===============================

Major shareholder XOX and Sanston nominee account !!!

Loss making penny stock investing in another loss making penny stock

NoEmo

1,167 posts

Posted by NoEmo > 2021-09-05 09:11 | Report Abuse

Gone case. New ceo is a former XOX executive.

WMY2188

252 posts

Posted by WMY2188 > 2021-09-05 12:32 | Report Abuse

Hope fly M3tech...

Posted by whistlebower99 > 2021-09-10 15:34 |

Post removed.Why?

Posted by whistlebower99 > 2021-09-21 16:58 | Report Abuse

Time Price Qty Type
16:50:00 PM 0.060 100 Seller
16:30:04 PM 0.055 20,000 Buyer
15:32:54 PM 0.055 20,000 Buyer
15:25:27 PM 0.055 15,300 Buyer
15:25:27 PM 0.055 4,700 Buyer
15:00:24 PM 0.055 5,000 Buyer
14:32:58 PM 0.055 10,000 Buyer
09:00:00 AM 0.055 30,300 Buyer
09:00:00 AM 0.055 99,700 Buyer
09:00:00 AM 0.055 30,000 Buyer

Legalised manipulation of closing price

scenery

2,361 posts

Posted by scenery > 2021-09-21 17:09 |

Post removed.Why?

Posted by whistlebower99 > 2021-09-22 12:48 | Report Abuse

M3tech not yet conso.

Not much cash left, only RM14 mil

Let directors raise more fund by issue more shares to ESOS, PP, RI or asset acquisiton, then can go conso within 1 year. Trust eddie chai,he is good in corporate exercise

Posted by whistlebower99 > 2021-09-27 21:54 |

Post removed.Why?

Posted by whistlebower99 > 2021-10-01 17:06 |

Post removed.Why?

cumcumshot

438 posts

Posted by cumcumshot > 2021-10-07 22:05 | Report Abuse

Wait for private placement at around 4c then see how. So Chai bought at 7c, now all stuck. New Private placement around 4c, these bunch of monkeys will make almost 100% when the price is back to 7c, but so chai would be just break even. Worse, so chai wants to mk 1c, so he will wait till 8c which of course will not come. hahaha, so chai misses another chance to run from the trap.

Good123

26,596 posts

Posted by Good123 > 2021-10-13 22:29 | Report Abuse

Financial Year: 31-Mar-2022
27-Sep-2021 30-Jun-2021 15,115 -48 -763 -1,823 -5.05% -5.85% -0.14 0.00 0.0397 5.00% -137.99%
Financial Year: 31-Mar-2021
30-Jun-2021 31-Mar-2021 13,776 -671 -1,237 -1,919 -8.98% -0.94% -0.28 0.00 0.2980 9.35% -79.18%
Financial Year: 31-Dec-2020
24-Feb-2021 31-Dec-2020 12,601 -916 -1,476 -2,117 -11.71% -9.38% -0.32 0.00 0.0339 -20.83% 50.44%
26-Nov-2020 30-Sep-2020 11,938 -1,031 -1,419 -1,752 -11.89% -9.43% -0.27 0.00 0.0289 -128.72% 19.71%

RepcoLow2

190 posts

Posted by RepcoLow2 > 2021-10-21 12:28 | Report Abuse

Proposed Name XOX Technology Berhad

Icon 888

2,301 posts

Posted by Icon 888 > 2021-11-25 01:28 | Report Abuse

4sen standby

Posted by whistlebower99 > 2021-12-14 12:09 | Report Abuse

Proposed Change of Company Name
MACPIE BERHAD

Proposed company name XOX NETWORKS BERHAD

Remarks :
We refer to our announcements dated 27 October 2021 and 18 November 2021 in relation to the proposed change of name from "MACPIE BERHAD" ("Macpie" or the "Company") to "XOX NETWORKS BERHAD". The Board of Directors of the Company wishes to announce that the Company had on 13 December 2021 received the Notice of Registration of New Name pursuant to Section 28 of the Companies Act 2016 issued by the Companies Commission of Malaysia on 10 December 2021. Accordingly, the name of the Company has been changed from "MACPIE BERHAD" to "XOX NETWORKS BERHAD" with effect from 10 December 2021. This announcement is dated 13 December 2021.

=======================


PROPOSED CHANGE OF COMPANY NAME
M3 TECHNOLOGIES (ASIA) BERHAD

Type Announcement
Subject OTHERS
Description
M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "COMPANY") - PROPOSED CHANGE OF COMPANY NAME
Unless otherwise stated, all capitalised terms set out herein shall have the same meanings as those set out in M3Tech's announcements dated 18 October 2021, 26 October 2021, 27 October 2021 and 18 November 2021 in relation to the Proposed Change of Name.

The Board of Directors of M3Tech wishes to announce that the Company has on 24 November 2021 received the notice of registration of XOX TECHNOLOGY BERHAD dated 19 November 2021 issued by the Companies Commission of Malaysia.

Accordingly, the name of the Company has been changed from "M3 TECHNOLOGIES (ASIA) BERHAD" to "XOX TECHNOLOGY BERHAD" with effect from 19 November 2021.

This announcement is dated 24 November 2021.

========================

MORE XOX couters in Bursa now. Be alerted to the name change.

MACPIE change to XOX NETWORKS BERHAD
M3TECH change to XOX TECHNOLOGY BERHAD

WMY2188

252 posts

Posted by WMY2188 > 2021-12-14 21:25 | Report Abuse

XOX power...

Legend

4,119 posts

Posted by Legend > 2021-12-14 21:46 | Report Abuse

Macau scam.

BE_GREEEEEDY

1,834 posts

Posted by BE_GREEEEEDY > 2021-12-17 07:11 | Report Abuse

potential $$$$$$

Posted by bullmarket1628 > 2022-02-08 16:53 | Report Abuse

Super great news !
Malaysia's National Recovery Council agrees to fully reopen borders without quarantine by March

Rashvinjeet S Bedi
08 Feb 2022 03:19PM (Updated: 08 Feb 2022 03:19PM)

https://www.channelnewsasia.com/asia/malaysia-reopen-borders-no-quarantine-mar-1-muhyiddin-national-recovery-council-2485591

Posted by whistlebower99 > 2022-02-28 11:24 | Report Abuse

LATEST QR

ANOTHER QUARTER OF LOSSES/
MULTI YEAR AND MULTI QUARTER LOSSES

4 Profit/(loss) attributable to ordinary equity holders of the parent -198,000

https://www.klsescreener.com/v2/stocks/view/0017/xox-technology-berhad

https://www.klsescreener.com/v2/stocks/financial-report/0017/2021-12-31

Michael R.

4,828 posts

Posted by Michael R. > 2022-03-02 13:51 | Report Abuse

U join consolidation anytime.. u didnt join they push it up higher.. see KOMARK historic style..

Posted by bullmarket1628 > 2022-04-30 14:08 | Report Abuse

MEMORANDUM OF UNDERSTANDING XOX BHD - MEMORANDUM OF UNDERSTANDING WITH IMPACT MEDIA & COMMUNICATION SDN. BHD.
XOX BHD

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3256476

Description: XOX BHD
- MEMORANDUM OF UNDERSTANDING WITH IMPACT MEDIA & COMMUNICATION SDN. BHD.

The Board of Directors of XOX Bhd (“XOX” or “the Company” or "the Group") is pleased to announce that the Company had on 29 April 2022 entered into a Memorandum of Understanding (“MOU”) with Impact Media & Communication Sdn. Bhd. (“Impact Media” or “the Vendor”) for the proposed acquisition of 100% equity interest in Perak FC Sdn. Bhd. for a total purchase consideration of RM1.00 only (“Proposed Acquisition”).
 
Impact Media is a private limited company incorporated in Malaysia which primarily involved in the business of advertising agency that offer a full range of advertising services that include media buying, advertising space, creative design, media planning & execution, digital & social media, printing & publishing, focusing on assisting government agencies, corporate sectors, small and medium enterprises, especially entrepreneurs to promote their products and services locally. Impact Media is the registered owner of 2,500 ordinary shares, representing 100% equity interest of Perak FC Sdn. Bhd.
 
Perak FC Sdn. Bhd. is a private limited company incorporated in Malaysia and the registered and/or beneficial owner of Perak’s official football club known as “Perak FC”.
 
Pursuant to the MOU, the Vendor and XOX (collectively as “the Parties”) shall entered into a Share Sales Agreement within 14 days from 29 April 2022 or any extension to be mutually agreed in writing by the Parties, subject to the satisfactory on the outcome of the due diligence exercise to be conducted by XOX. Failure which, the MOU shall lapse and cease to have any effect.
 
XOX views the Proposed Acquisition as an opportunity to expand its reach further by enlarging its ecosystem to incorporate football. Perak FC has an estimated fanbase of half a million fans, and Perak State is widely known to house the nation’s most fanatical football fans.
 
XOX already has an involvement in motor sports with its continued support and sponsorship with The Komanz Kru Racing (“TKKR”). The year on year revenue increase and market share acquisition is directly correlated to XOX’s venture with the TKKR racing team.
 
With the Proposed Acquisition, XOX hopes to emulate the subscriber growth from tapping the football fan base, as well as generate new media contents for consumption of its subscribers. The Proposed Acquisition is very much in line with XOX’s history supporting the local community.
 
The total purchase consideration of RM1.00 was arrived at on a willing-buyer willing-seller basis after taking into consideration, amongst others, of the following:
 
i) Based on the latest audited financial statements of Perak FC Sdn. Bhd. as at 30 June 2021 which recorded a loss after taxation of RM2,321,901 and net liabilities of RM3,504,688;
ii) Operational difficulties of the Perak FC club; and
iii) Outstanding liabilities of approximately RM7.1 million as of 31 December 2021.
 
The MOU will not have any effect on the share capital and substantial shareholders’ shareholdings of XOX. The MOU is also not expected to have any material immediate effect on the earnings per share, net assets per share and gearing of the Group for the financial year ending 30 September 2022.
 
None of the directors and/or major shareholders of the Company and/or persons connected with them have any interest, whether direct or indirect, in the MOU.
 
The Board of Director of XOX, having taken into consideration all aspects of the MOU, is of the opinion that the MOU is in the best interest of the Group.
 
The MOU is available for inspection at the registered office of the Company at 22-09, Menara 1MK, No. 1 Jalan Kiara, Mont Kiara, 50480 Kuala Lumpur between 8.30 a.m. and 5.30 p.m. from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement.
 
This announcement is dated 29 April 2022.

Posted by bullmarket1628 > 2022-04-30 14:31 | Report Abuse

Perak FC kini milik XOX

29 Apr 2022

https://www.sinarharian.com.my/ampArticle/200511

Majlis MoU antara Perak FC dan XOX Berhad di Petaling Jaya pada Jumaat. - Foto FB Perak Football Club

SHAHRIZAL AHMAD ZAINI
TEKA-TEKI berhubung status pengambilalihan Perak FC akhirnya terjawab apabila syarikat telekomunikasi terkenal, XOX Berhad (XOX) sah sebagai pemilik baharu kelab Liga Premier itu.
Pada Jumaat, urusan ‘jual beli’ Perak FC selesai apabila satu majlis perjanjian memorandum persefahaman (MoU) diadakan antara XOX dan Impact Media and Communication (IMC) Sdn Bhd.
Majlis yang berlangsung di Pejabat Besar XOX di Tropicana, Petaling Jaya itu turut disaksikan Ketua Pegawai Eksekutif Liga Bola Sepak Malaysia (MFL), Stuart Ramalingam.
Ketua Pegawai Eksekutif Perak FC, Muhammad Yunus Zakariah nyata lega apabila proses pengambilalihan secara rasmi skuad The Bos Gaurus itu dijangka selesai kira-kira dua minggu lagi.
“Alhamdulillah... Perak FC sudah boleh meneruskan fokus bagi menghadapi saingan Liga Malaysia (Liga-M), tiada lagi hal-hal berbangkit terutamanya urusan pemilikan pasukan.
“Malah, kami sudah tidak perlu lagi risau dengan sebarang bentuk hukuman daripada MFL seperti pemotongan mata kerana segala-galanya sudah selesai hari ini (Jumaat).
“Sudah tentu ini satu berita yang baik kepada barisan pemain, jurulatih dan pegawai Perak FC. Tak lupa juga kepada seluruh penyokong Perak FC,” katanya kepada Sukan Sinar pada Jumaat.
Untuk rekod, Perak FC muncul pasukan kelima Liga-M yang dimiliki sepenuhnya organisasi swasta tanpa ada penglibatan atau perkongsian saham kelab daripada kerajaan negeri atau Persatuan Bola Sepak Negeri (FA).
Muhammad Yunus menjelaskan bahawa masih ada satu urusan yang masih belum dimeterai antara Perak FC dan XOX iaitu perjanjian jual beli.
“Setakat ini kita hanya perjanjian persefahaman (MoU) manakala perjanjian jual beli masih belum ditandatangani antara kedua belah pihak.
“Apa pun, setakat ini semua perkara berjalan lancar. Saya jangka semua urusan pengambilalihan serta jual beli Perak FC kepada XOX akan selesai sepenuhnya dalam masa terdekat,” jelasnya.
Dalam pada itu, XOX menerusi satu kenyataan memaklumkan tunggakan gaji pemain dan pegawai Perak FC akan dilunaskan sepenuhnya sebaik sahaja segala urusan selesai.
“Bagaimanapun, sebagai sebuah syarikat berhad, ia perlu melalui proses 'due dilligence' dan proses berkenaan akan dilaksanakan secepat mungkin.
“XOX turut menyerahkan sumbangan wang tunai RM100,000 yang disampaikan kepada semua pemain dan staf Perak FC sebagai bantuan untuk menyambut Aidilfitri,” menurut kenyataan XOX.

Posted by whistlebower99 > 2022-05-30 15:38 |

Post removed.Why?

BE_GREEEEEDY

1,834 posts

Posted by BE_GREEEEEDY > 2022-05-31 20:37 | Report Abuse

hmmm....XOX & CO getting better $$$$$
bullmarket1628

Walaoeh, XOX’s superb outstanding QR just out !
From hugh losses previous QR
of -12.8 million ringgits,
to making profits of around 3.1 million ringgit !
Good Job XOX !

Like that tommorrow XOX going to limit up already liao lah !

Tommorrow XOX probably will be opened at => 0.07 (+0.055) (+366.7 %)
and Closed at => 0.315 (+0.30) (+2,000%) !

Heng ah, Ong ah, Huat ah !

1 hour ago


BE_GREEEEEDY

FANTASTIC QUARTER RESULT.....PROMISING $$$$$ AHEAD
SURE GAP UP TOMORROW !
More to COME $$$$$
huarttt chaiii $
5 G POTENTIAL

19 minutes ago



BE_GREEEEEDY

Watch out XOX & CO tomorrow
XOX + XOXNET + XOXTECH + Their Warrants too for much higher % Angpows $$$$$

Posted by whistlebower99 > 2022-06-01 10:37 |

Post removed.Why?

Posted by whistlebower99 > 2022-06-04 13:50 |

Post removed.Why?

Posted by bullmarket1628 > 2022-07-14 09:31 |

Post removed.Why?

yongyong88

551 posts

Posted by yongyong88 > 2022-07-14 10:13 | Report Abuse

mau perangkap ikan bilis masuk sangkar !!!

Posted by bullmarket1628 > 2022-07-16 12:48 | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS XOX BHD - PROPOSED ACQUISITION OF SHARES IN THERON HOLDINGS SDN. BHD.
XOX BHD

https://www.bursamalaysia.com/bm/market_information/announcements/company_announcement/announcement_details?ann_id=3275268

The Board of Directors of XOX Bhd (“XOX” or “the Company”) wishes to announce that XOX (Hong Kong) Limited, (“XOX HK” or “the Purchaser”), a wholly-owned subsidiary of the Company, had on 12 July 2022 entered into a Share Sale Agreement (“SSA/the Agreement”) with Muar Ban Lee Group Berhad (“the Seller”) for the proposed acquisition of 2 ordinary shares (“Sale Shares”) in Theron Holdings Sdn. Bhd. (“Theron”), representing 100% of the total issued and paid up share capital of Theron, for a total a total purchase consideration of RM19,254,590.00 only (“Purchase Consideration”) (“Proposed Acquisition”). 
 
Further details of the Proposed Acquisition are set out in the attachment herein.
 
This announcement is dated 12 July 2022.

Posted by bullmarket1628 > 2022-07-16 12:49 | Report Abuse

PROPOSED ACQUISITION OF SHARES IN THERON HOLDINGS SDN BHD ("THERON") BY XOX (HONG KONG) LIMITED ("XOX HK"), A WHOLLY-OWNED SUBSIDIARY OF XOX BHD ("PROPOSED ACQUISITION")
XOX BHD

https://www.bursamalaysia.com/bm/market_information/announcements/company_announcement/announcement_details?ann_id=3276337

Query Letter Contents:

We refer to your Company’s announcement dated 12 July 2022, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1) To state the source(s) of funding of XOX HK and/or XOX Bhd, and the breakdown thereof, for redemption of the RHB Facility of RM49,416,000.68 and repayment of Theron’s outstanding debts of RM44,318,000.00. To also reconcile with the disclosure in Section 6 of the announcement dated 12 July 2022.
2) The justification for the purchase consideration of RM19,254,590.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
 
Yours faithfully,
Listing, 
Regulation
Cc : Market Surveillance Dept. , Securities Commission

Date Announced: 15 JUL 2022

Posted by bullmarket1628 > 2022-07-16 12:50 | Report Abuse

XOX's unit to acquire Theron for RM19.25mil
Tuesday, 12 Jul 2022 6:29 PM MY

https://www.thestar.com.my/business/business-news/2022/07/12/xox039s-unit-to-acquire-theron-for-rm1925mil

KUALA LUMPUR: XOX Bhd
has proposed to acquire two ordinary shares in Theron Holdings Sdn Bhd, representing 100% of the total issued and paid-up share capital of Theron for RM19.25mil.
In a filing with Bursa Malaysia, XOX said its wholly-owned subsidiary, XOX (Hong Kong) Limited (XOX HK) had entered into a share sale agreement with Muar Ban Lee Group Bhd
for the proposed acquisition.

Theron is a special purpose vehicle incorporated by Muar Ban Lee for the purpose of acquiring and holding the shares in Symphony Life Bhd
As of the date of this announcement, Theron is holding 98.09 million shares in Symphony, representing 13.7% of the total issued and paid-up share capital of Symphony.

Symphony is principally engaged in the business of property development and property investment.
XOX said its board has deliberated the opportunity and found the proposed acquisition to be synergistic.
“In an effort to streamline XOX’s capital management, the management has deliberated various strategies which include shares buy back and placement of excess cash in high yielding funds.

“The proposed acquisition is part of XOX’s strategy to maximise return on its excess fund, which will ultimately benefit its shareholders,” it said.
In addition, XOX said Symphony is currently trading at the lower end of its range of intrinsic value. Hence there is a potential of immediate capital appreciation for the proposed acquisition in the event of any correction to Symphony’s current depressed share price.

Posted by bullmarket1628 > 2022-07-16 13:16 | Report Abuse

Muar Ban Lee sells unit holding stake in Symphony Life to XOX
July 12, 2022 20:55 pm +0

https://www.theedgemarkets.com/article/muar-ban-lee-sells-unit-holding-stake-symphony-life-xox

KUALA LUMPUR (July 12): Muar Ban Lee Group Bhd (MBL) is exiting its investment in property firm Symphony Life Bhd, whose share price has fallen 46% since MBL bought into it.
MBL, a specialist in palm oil machinery and oil seed crushing machinery, announced that it is selling its wholly-owned unit, Theron Holdings Sdn Bhd, that owns a 13.7% stake in Symphony Life to XOX Bhd for RM19.25 million cash.
Based on Tuesday's closing share price of 45 sen, the 13.7% stake is worth RM44.14 million. According to MBL's filing with Bursa Malaysia, XOX is obliged to provide "evidence that all outstanding debts owed by Theron to MBL as at the completion date [of the acquisition] have been paid and settled". The outstanding debt amounted to RM46.32 million — advances that MBL has given to Theron for the purchase of Symphony Life shares.

Theron also borrowed RM47.55 million from RHB Bank Bhd to invest in Symphony Life shares via a term loan.
Theron is a special purpose vehicle incorporated for the purpose of acquiring and holding shares in Symphony Life. It accumulated 98.09 million Symphony Life shares from April 2 last year to March 9 this year at a total cost of RM90.26 million, said MBL.
Theron bought a large bulk of its stake in Symphony Life from the company's former executive chairman Tan Sri Mohamed Azman Yahya, who founded the property firm.
MBL noted that the transaction, which it expects to be completed in the third quarter of this year, would result in RM48.89 million disposal gain.
The disposal gain includes the effects from deconsolidation of Theron's net liabilities amounting to RM37.59 million, as well as share of results from Symphony Life for financial years 2021 and 2022.
The proposed disposal allows MBL to deconsolidate a term loan from RHB Bank amounting to RM47.55 million as at end-June, while also recoup advances MBL provided to Theron amounting to RM46.32 million, the group said.
MBL would utilise RM19.25 million proceeds from the disposal mainly for working capital.
In a separate filing, XOX said the acquisition, which will be funded by its internally generated funds, is "synergistic" due to prospects of the property market's recovery this year and potential upside to Symphony Life's share price.
Shares of MBL closed unchanged at 35.5 sen, giving it a market capitalisation of RM88.26 million, while XOX fell 0.5 sen or 25% to 1.5 sen, valuing the company at RM75.76 million.
Symphony Life, meanwhile, closed 0.5 sen or 1.12% higher at 45 sen, with a market capitalisation of RM322.4 million.
S Kanagaraju & Kathy Fong

Posted by bullmarket1628 > 2022-07-16 13:36 |

Post removed.Why?

Posted by bullmarket1628 > 2022-07-27 00:10 | Report Abuse

XOX BHD
Description: XOX BHD ("XOX" OR "COMPANY")
PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN XOX ("XOX SHARES" OR "SHARES") ("PLACEMENT SHARES"), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT")

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3278413

On behalf of the Board of Directors of XOX (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the Proposed Private Placement.

Further details of the Proposed Private Placement are set out in the announcement attached herein.

This announcement is dated 26 July 2022.

Posted by bullmarket1628 > 2022-07-27 00:15 | Report Abuse

XOX proposes RM9.95 mil private placement to develop digital media management app
Izzul Ikram
/theedgemarkets.com
July 26, 2022 18:42 pm +08

https://www.theedgemarkets.com/article/xox-proposes-rm995-mil-private-placement-develop-digital-media-management-app

KUALA LUMPUR (July 26): ACE Market-listed XOX Bhd plans to undertake a private placement exercise to raise RM9.95 million to develop a digital media management application.
In a filing on Tuesday (July 26), the mobile services provider noted that while it obtained shareholders’ approval to issue up to 717.31 million shares — or 10% of its issued share capital — it has opted to only issue up to 552.86 million shares for the placement exercise.
At an illustrative price of 1.8 sen apiece, which represents a discount of approximately 6.25% to the five-day volume-weighted average market price (VWAP) of XOX shares up to and including July 25, 2022 (LPD), the group expects to raise up to RM9.95 million from the placement exercise……

Posted by bullmarket1628 > 2022-07-27 00:40 | Report Abuse

Kossan, Tasco, CTOS, MHC Plantations, Globetronics, NWP, Toyo Ventures, Techna-X, XOX, Pasukhas, PPB, Eastland Equity, UMediC, Sapura Industrial, Caely and Astral Asia
Hailey Chung
/
theedgemarkets.com
July 26, 2022 23:10 pm +08

https://www.theedgemarkets.com/article/kossan-tasco-ctos-mhc-plantations-globetronics-nwp-toyo-ventures-technax-xox-pasukhas-ppb

KUALA LUMPUR (July 26): Here is a brief look at some corporate announcements and news flow on Tuesday (July 26), which include Kossan Rubber Industries Bhd, Tasco Bhd, CTOS Digital Bhd, MHC Plantations Bhd, Globetronics Technology Bhd, NWP Holdings Bhd, Toyo Ventures Holdings Bhd, Techna-X Bhd, XOX Bhd, Pasukhas Group Bhd, PPB Group Bhd, Eastland Equity Bhd, UMediC Group Bhd (UMC), Sapura Industrial Bhd, Caely Holdings Bhd and Astral Asia Bhd….

Posted by bullmarket1628 > 2022-07-27 01:03 | Report Abuse

Oh my goodness !
Superb good news from XOX !

XOX ventures into digital media management app !


Like that today XOXTECH going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !
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