Kgroup n xox will rebound soon. Nobody interested now. But i do have faith it will grow soon. With current xox price, the value of kgroup share in it still 70Million ++. Byk untung ooo. Just give 1-2 month
Circular/Notice to Shareholders KEY ALLIANCE GROUP BERHAD
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE FOLLOWING:- I. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 982,205,686 NEW ORDINARY SHARES IN KEY ALLIANCE GROUP BERHAD ("KAG" OR THE "COMPANY") ("KAG SHARE(S)") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING KAG SHARE HELD, TOGETHER WITH UP TO 982,205,686 FREE DETACHABLE WARRANTS IN KAG ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER; AND II. PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF KAG AND ITS SUBSIDIARIES TO INCLUDE THE MARKETING, DISTRIBUTION AND TRADING OF MEDICAL EQUIPMENT, DEVICES, AND RELATED PRODUCTS AND ACCESSORIES
Published by the THE EDGE, an authoritative financial weekly, has revealed that the stock market in Malaysia has been in a frenzy over the past few months, with 21 listed companies' shareholders, directors and most likely the same group of people, and the share prices of these stocks fluctuating spectacularly and trading volumes are huge.
These companies have a lot in common, most of them loss-making companies, share prices are fairy-share levels, often occupy the top 10 trading list, the stock price fluctuations up and down amazing.
According to THE EDGE, nine of the 21 companies named have the same head office address, the WISMA LIEN HOE, located in the town of Otsta.
The nine companies include Yiding (AT), FOCUS, Wanton Technology (MTOUCHE), FINTEC Global (FINTEC), XOX, M3TECH and NETX Technologies (NETX).
According to the report, Union House was originally a property of listed company LIENHOE, but in 2006 it sold to a private company, E Globafocus Ltd., for RM1, with an additional RM1 debt.
EGlobafocus is 68 per cent owned by CUBES INNOVATIVE Limited and 99 per cent by two shareholders, businessmen Cai Fushun and Yulun.
Tsai and Wen were charged by the Securities Regulatory Commission in July 2014 with manipulating the share price of DVM Technologies, a publicly traded company, Now known as Kgroup.
Mr. Wen, who has faced a number of charges before the Securities and Exchange Commission, including $2.49 million in 2009 accused of misusing the resources of FTEC, a public company, has had little activity in the stock market since the incident came to light.
However, his two sisters, Winne and Wintenny, each own 3.64 per cent and 0.67 per cent of XDL, another fairy-share company.
FINTEC Global is the most high-profile of the nine companies listed above, with several shares held by SANSTON FINACIAL GROUP GROUP LTD, a private holding company.
Bizarrely, SANSTON appears on the list of shareholders of 21 listed companies.
Overseas Days (OVERSEA), which was recently acquired, is also on the list of 21 companies.
THE EDGE reports that the 21 companies with the highest market capitalisations are FOCUS, with a market capitalisation of LINGG 5bn, and their share prices are staggeringly high despite a quarterly net profit of just 2.32m.
Following THE EDGE's revelations, the Securities Regulatory Commission and the Malaysia Exchange will not take follow-up action to investigate the 21 companies, which have attracted much attention in the market.
@mrlemon DVM Technologies is Kgroup and also they share the same chairman and directors as some of the companies mentioned and also based in same building. Interesting article by the Edge. Worth reading. Just some knowledge.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Fantaghiro123
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Posted by Fantaghiro123 > 2020-09-07 23:48 | Report Abuse
9/9/20