Key Alliance Group Bhd has emerged as a new substantial shareholder of ACE Market-listed Macpie Bhd after buying a 5.91% stake or 55.96 million shares in it in the open market. The group said it spent a total of RM5.34 million to acquire the shares between Sept 6 and Sept 13.
@whistlebower99: KGROUP Total issued shares = 2,554,309,534 WC = 982,103,848
Will KGROUP directors issue more shares to raise more fund to buy more penny stocks ?
Maybe should do share buy-back to boost current share price (0.03)
===========================
TAYOR
28/09/2021 12:10 PM
BLee: Hi @whistlebower99, which is which? Issue more shares and share buy-back is exactly opposite.. I have written an article on 'Rich penny stocks acquiring beat down penny stocks' taking KGroup as one of the example. If I am not too busy, I might do more coverage on KGroup recent AR (non-accountant view, only very basic double entry and balance sheet knowledge). Have a very good trading days ahead and TradeAtYourOwnRisk.
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
MACPIE BERHAD
Particulars of substantial Securities Holder Name KEY ALLIANCE GROUP BERHAD 1 05 Oct 2021 2,000,000 Acquired Direct Interest Acquisition of shares via open market transaction. Nature of interest Direct Interest Direct (units) 95,030,100 Direct (%) 10.041 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 95,030,100 Date of notice 07 Oct 2021 Date notice received by Listed Issuer 07 Oct 2021
================================ More investment in MACPE
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
KOMARKCORP BERHAD
Particulars of substantial Securities Holder Name KEY ALLIANCE GROUP BERHAD 1 05 Oct 2021 1,359,100 Acquired Direct Interest Acquisition of 1,359,100 shares from open market Nature of interest Direct Interest Direct (units) 68,116,800 Direct (%) 11.798 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 68,116,800 Date of notice 07 Oct 2021
Below are info extracted from two sources for sharing purposes only.
Key Alliance Group Bhd's associate has bagged a contract worth RM32 million from the Ministry of Health (MoH) to supply reagents instrument placement for centralised chemical pathology test for a few hospitals in Kedah. The company said the four-year contract was secured via Tree Med Sdn Bhd, which is principally involved in the supply of medical devices. Key Alliance acquired a 30% stake in Tree Med in December 2020 for RM14 million.
Khairul Anuar Danial, CEO of Tree Med Sdn Bhd said that he is glad that the company have been awarded the tender as Tree Med is one of the renowned companies in Malaysia that supply laboratory products. “We will be bidding in tenders to supply to other government and private laboratories as well in the future if the opportunity arises.
@victork, your hope come true. 1st hour of trade already up 40%. Now my hope that the whole bursa will up in tandem with the nation opening up. Happy trading and TradeAtYourOwnRisk.
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) MACPIE BERHAD
Particulars of substantial Securities Holder Name KEY ALLIANCE GROUP BERHAD
1 06 Oct 2021 1,661,400 Acquired Direct Interest Acquisition of shares via open market transaction. Nature of interest Direct Interest Direct (units) 96,691,500 Direct (%) 10.217 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 96,691,500 Date of notice 08 Oct 2021
Increasing stake. Penny stock invest in another penny stock
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) MACPIE BERHAD
Particulars of substantial Securities Holder Name KEY ALLIANCE GROUP BERHAD 1 07 Oct 2021 2,000,000 Acquired Direct Interest Acquisition of shares via open market transaction. Nature of interest Direct Interest Direct (units) 98,691,500 Direct (%) 10.428 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 98,691,500 Date of notice 11 Oct 2021
KGROUP increase stake in KOMARK. Penny stock invest in another penny stock.
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) KOMARKCORP BERHAD
Particulars of substantial Securities Holder Name KEY ALLIANCE GROUP BERHAD 1 07 Oct 2021 2,000,000 Acquired Direct Interest Acquisition of 2,000,000 shares from open market Nature of interest Direct Interest Direct (units) 70,653,600 Direct (%) 12.238 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 70,653,600 Date of notice 11 Oct 2021
BLee Hi @whistlebower99, theedge did mention Associate of 30%, contract cost and duration; and supply to Kedah state only thro' MOH. KGroup bidding to supply to other states and private lab. That's the reason I mentioned from 2 sources. It could be a breakthrough if it can be supplied to all the other states.
"KEY ALLIANCE GROUP BERHAD [Registration No. 200301007533 (609953-K)] PRESS RELEASE FOR IMMEDIATE RELEASE
TREEMED SDN BHD, A KEY ALLIANCE GROUP BHD ASSOCIATE, SECURES RM32 MILLION CONTRACT FROM THE GOVERNMENT. Petaling Jaya, 8 October 2021 - Tree Med Sdn Bhd, an associate of Key Alliance Group (KGROUP), has been awarded a supply and delivery contract by the Ministry of Health (MOH) worth over RM32 million, to supply reagents instrument placement for centralised chemical pathology test for a few hospitals in Kedah state for a period of four years."
Agreed, a good start and the market reacted well.
Happy trading and TradeAtYourOwnRisk.
11/10/2021 3:18 PM
Corrected typo error KAG to KGroup? Not a typo after all as it seems KAG=KGroup? 11/10/2021 3:40 PM
Latest announcement: Reference is made to the Company’s announcement made on 8 October 2021.
The Board of Directors of Key Alliance Group Berhad (“KAG” or “the Company”) wishes to further announce on the following :
1. The letter of award was dated 1 October 2021 (“Contract”) and accepted by Tree Med Sdn. Bhd. (“Tree Med”) on 8 October 2021.
2. The Contract period is 4 years, commencing from 10 January 2022 to 9 January 2026.
3. Upon the expiry of the Contract, it will be subject to retender.
4. As the Contract was secured by Tree Med, a 30% owned associate company of KAG, the Group is not expected to have material effect on the earnings, net assets and gearing of KAG Group for the current financial year ending 31 March 2022. Nonetheless, KAG Group expects positive contribution on its earnings in the future arising from the share of profit for associate.
5. None of the directors and/or major shareholders and/or persons connected with a director or major shareholder of KAG have any interest, direct or indirect, in the Contract, and the nature and extent of their interests.
6. As the Contract was secured by Tree Med, a 30% owned associate company of KAG, the Company does not foresee any exceptional risk to KAG Group. Nonetheless, the Contract accepted by Tree Med will be subject to the normal operational risk associated with the Contract during the contract period.
7. Pursuant to the Contract, Tree Med will supply reagents instrument placement for centralised chemical pathology test to 9 hospitals in Malaysia.
8. Tree Med is a 30% owned associate company of KAG.
9. As of the date of this announcement, Tree Med is not a major associated company of KAG as defined under Chapter 1 of the ACE Market Listing Requirements.
4. As the Contract was secured by Tree Med, a 30% owned associate company of KAG, the Group is not expected to have material effect on the earnings, net assets and gearing of KAG Group for the current financial year ending 31 March 2022. Nonetheless, KAG Group expects positive contribution on its earnings in the future arising from the share of profit for associate.
6. As the Contract was secured by Tree Med, a 30% owned associate company of KAG, the Company does not foresee any exceptional risk to KAG Group. Nonetheless, the Contract accepted by Tree Med will be subject to the normal operational risk associated with the Contract during the contract period.
7. Pursuant to the Contract, Tree Med will supply reagents instrument placement for centralised chemical pathology test to 9 hospitals in Malaysia.
8. Tree Med is a 30% owned associate company of KAG.
================================ Associate company is different from subsidiary company.
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) KOMARKCORP BERHAD
Particulars of substantial Securities Holder Name KEY ALLIANCE GROUP BERHAD Nature of interest Direct Interest Direct (units) 86,982,500 Direct (%) 15.066 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 86,982,500 Date of notice 20 Oct 2021
================================================= KGROUP increasing stake in KOMARKCORP, details in below link.
@whistlebower99: KGROUP shareholding in KOMARKCORP
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) KOMARKCORP BERHAD
Particulars of substantial Securities Holder Name KEY ALLIANCE GROUP BERHAD Nature of interest Direct Interest Direct (units) 86,982,500 Direct (%) 15.066 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 86,982,500 Date of notice 20 Oct 2021
================================================= KGROUP increasing stake in KOMARKCORP, details in below link.
Maybe I am wrong, I am willing to take the risk to invest in penny stocks thro' KGroup, Fintec and Focus D-PA as a very long term investment. My others long term investment are not penny stocks such as MFCB, Axiata, RHB Bank and Insas; therefore just a mix of investment. Happy trading and TradeAtYourOwnRisk.
Expect more fund raising via share issuance to Private Placement Investors
============================================================= On behalf of the Board of Directors of KAG ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake the following:-
i. a private placement of up to 20% of the total number of issued shares of KAG ("KAG Share(s)" or "Share(s)") (excluding treasury shares) to third party investor(s) to be identified later ("Proposed Private Placement"). For avoidance of doubt, the Proposed Private Placement is not undertaken in accordance with a general mandate pursuant to Sections 75 and 76 of the Companies Act 2016 ("Act"). As such, the Proposed Private Placement is subject to specific shareholder approval pursuant to Rule 6.06 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Listing Requirements"); and
ii. an acquisition of 450,000 ordinary shares in Tree Med Sdn Bhd ("Tree Med") ("Sale Share(s)"), representing 30% equity interest in Tree Med, from Khairul Anuar Bin Danial and Raja Mazyah Binti Raja Aminuddin (collectively, the "Vendors") for a purchase consideration of RM14,000,000 ("Purchase Consideration") to be satisfied via a combination of RM4,000,000 in cash ("Cash Consideration") and RM10,000,000 via the issuance of 200,000,000 new KAG Shares at an issue price of RM0.05 per KAG Share ("Consideration Share(s)") ("Proposed Acquisition");
Further details of the Proposals are set out in the attachment enclosed.
This announcement is dated 11 March 2021.
======================================= On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 28 April 2021, approved the listing and quotation of:-
i. up to 789,172,978 new KAG Shares to be issued pursuant to the Proposed Private Placement; and
ii. 200,000,000 new KAG Shares to be issued pursuant to the Proposed Acquisition.
========================================= On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 26 October 2021, resolved to approve KAG an extension of time of 6 months from 28 October 2021 until 27 April 2022 to complete the Proposed Private Placement.
This announcement is dated 27 October 2021.
=========================================
Completion date for private placement exercise extended to 27 April 2022
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) KOMARKCORP BERHAD
Particulars of substantial Securities Holder Name KEY ALLIANCE GROUP BERHAD
1 06 Dec 2021 2,473,500
Name of registered holder KEY ALLIANCE GROUP BERHAD
Direct (units) 92,956,000 Direct (%) 16.101 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 92,956,000 Date of notice 08 Dec 2021 Date notice received by Listed Issuer 08 Dec 2021
===== KGROUP continue to utilize company fund to increase stake in KOMARK.
New trend emerging in BURSA. Penny stocks investing / speculating in other penny stocks.
Directors still got work to do. Directors have power to propose shares consolidation and rights issue with free warrant to raise more fund from shareholders.
Still got plenty of money flow involved.
=========== NEWBIES, trade wisely, don't be caught with possible shares consolidation that will reduce your shareholdings by at least 10 times.
Look at pasukgb, lambo, pdz, sanichi, etc to understand the extend of damages.
PROPOSED PRIVATE PLACEMENT Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcements in relation to the Proposed Private Placement.
We refer to the earlier announcements dated 27 January 2021, 29 January 2021, 10 February 2021, 11 February 2021, 7 April 2021, 19 July 2021 and 28 July 2021 in relation to the Proposed Private Placement.
On behalf of the Board, UOBKH wishes to announce that the Board had on 15 December 2021 resolved to fix the issue price for the Proposed Private Placement at RM0.0135 per Placement Share.
The issue price of RM0.0135 per Placement Share represents a discount of 10.0% to the 5-day VWAP of KAG Shares up to and including 14 December 2021, being the last traded day of KAG Shares immediately preceding the price-fixing date, of RM0.0150 per KAG Share.
This announcement is dated 15 December 2021.
====== Directors happily continue with shares issuance to raise more fund Dilution of existing shareholders equity and EPS NOSH continue to rise
osted by whistlebower99 > Dec 15, 2021 5:23 PM | Report Abuse
PROPOSED PRIVATE PLACEMENT Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcements in relation to the Proposed Private Placement.
We refer to the earlier announcements dated 27 January 2021, 29 January 2021, 10 February 2021, 11 February 2021, 7 April 2021, 19 July 2021 and 28 July 2021 in relation to the Proposed Private Placement.
On behalf of the Board, UOBKH wishes to announce that the Board had on 15 December 2021 resolved to fix the issue price for the Proposed Private Placement at RM0.0135 per Placement Share.
The issue price of RM0.0135 per Placement Share represents a discount of 10.0% to the 5-day VWAP of KAG Shares up to and including 14 December 2021, being the last traded day of KAG Shares immediately preceding the price-fixing date, of RM0.0150 per KAG Share.
This announcement is dated 15 December 2021.
====== Directors happily continue with shares issuance to raise more fund Dilution of existing shareholders equity and EPS NOSH continue to rise
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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....
RedEagle
3,194 posts
Posted by RedEagle > 2021-09-16 00:17 | Report Abuse
Key Alliance Group Bhd has emerged as a new substantial shareholder of ACE Market-listed Macpie Bhd after buying a 5.91% stake or 55.96 million shares in it in the open market. The group said it spent a total of RM5.34 million to acquire the shares between Sept 6 and Sept 13.