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 16 Dec 2021 1,958,500 Acquired Direct Interest
Name of registered holder KEY ALLIANCE GROUP BERHAD Acquisition of 1,958,500 shares from open market
Direct (units) 94,914,500 Direct (%) 16.44 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 94,914,500 Date of notice 20 Dec 2021 Date notice received by Listed Issuer 20 Dec 2021
==================== Expect possibility of more fund raising by directors via shares issuance to ESOS, PP
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 17 Dec 2021 971,300 Acquired Direct Interest Name of registered holder KEY ALLIANCE GROUP BERHAD
Acquisition of 971,300 shares from open market
Direct (units) 95,885,800 Direct (%) 16.608 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 95,885,800 Date of notice 21 Dec 2021
================ Expect directors to raise more fund by issuing new shares to ESOS and private placement.
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 27 Dec 2021 828,300 Acquired Direct Interest Name of registered holder KEY ALLIANCE GROUP BERHAD
Direct (units) 96,714,100 Direct (%) 16.752 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 96,714,100 Date of notice 29 Dec 2021
=========== Directors continue to utilize company to invest /speculate on other penny stock Will there be more fund raising activities via shares issuance?
@whistlebower99: Directors continue to utilize company to invest /speculate on other penny stock Will there be more fund raising activities via shares issuance?
BLee: Hi @whistlebower99, due to new regulation of any counters which did PP fundraising in 2020 and 2021, will NOT be eligible to do any more fundraising in 2022.
"The 20% general mandate previously announced on April 16, 2020 will be extended for another 12 months for listed issuers that have not raised any funds using the 20% Mandate in 2020 or 2021." i.e. only counters not raised any funds are eligible. Since KGroup did raise funds through PP, it is no longer eligible..
@whistlebower99: They can't do 20% but can still continue to do 10% to Private Placement
Is that not right ?
They can still issue shares to ESOS.
Is that not right ?
BLee: If without mandate, I presume needs Shareholders approval in AGM/EGM for any proposal which can take months for approval. Like KNM case, the trend of online voting which more shareholders can join, any unjust proposal can be defeated. Just my 2sen for discussion... Note: Can see very high volume of trading for some counters KGroup invested in, something brewing?
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 29 Dec 2021 494,000 Acquired Direct Interest
Name of registered holder KEY ALLIANCE GROUP BERHAD
Acquisition of shares via open market transaction
Direct (units) 99,219,400 Direct (%) 17.186 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 99,219,400 Date of notice 31 Dec 2021
========================= KGROUP continue to utilise company fund to invest/speculate on KOMARK
Possibility of directors to raise more fund via shares issuance when company fund is low
Latest announcement of KGroup investment in KOMARK:
"The Board of Directors of KAG wishes to announce that the Company had from the period between 12 August 2021 to 31 December 2021 acquired from the open market an additional 75,504,900 ordinary shares of Komarkcorp Berhad (“KOMARK”), representing 13.08% of the total issued and paid up share capital of KOMARK, for a total purchase consideration of approximately RM8,281,060 (“Investment”)."
Average cost for the period: RM8281060 ÷ 75504900 = RM0.1096757958
Question: Keep accumulation and cost averaging, is this a sign of 'goreng'/speculate?
"10. INTEREST OF THE DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED WITH THEM Save as disclosed below, 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 Investment : (a) Common directorships of Mr Roy Ho Yew Kee in KAG and KOMARK, and his shareholdings of 224,900,000 ordinary shares (7.34%) in KAG and 1,000,000 ordinary shares (0.17%) in KOMARK"
Question: Will the major Shareholder and Director holding 7.34% benefit if the price falls to 0.5sen?
KGroup finally moved out of 1.5sen standing firmly at 2sen. So Today is KGroup turn to bounce up. 2022 will be medical and 5G/cloud storage play?? KGroup in both with Komark and TREEMED SDN BHD in medical, and XOX/XOXNET in 5G/cloud storage.. Happy trading and TradeAtYourOwnRisk
BLee: Hi @Citadel12, naïve or otherwise, just got extra $ to gamble/invest. Nowadays, 1sen on the floor also nobody pick up, better use to buy 'toilet paper', anytime can turn into 1 roll. See how the toilet rolls flew out the shelf during starting of pandemic?? Just joking to lighten up our day..calculated risk? Happy trading and TradeAtYourOwnRisk
some 1cts now will turn 10cts my experience naive friends hahaha.No risk no gain when fear greatest buy seen this many times before and taken advantage
@richman: selling 1.5 like no tomorrow unless syndicate buy to goreng kaw kaw
05/01/2022 11:06 AM
BLee: Hi @richman, qty of selling and buying always match. As of now, buying queue at 1.5sen still above 50%, meaning more willing buyer than seller..that's how I see it. Today KGroup trades quite erratic as buying and selling traded in big waves, interesting to see how the next few days trade.
TradeAtYourOwnRisk, no BUY, HOLD or SELL recommendation.
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Two penny stocks currently on shares consolidation list
1. KANGER INTERNATIONAL BERHAD 2. METRONIC GLOBAL BERHAD
BLee: Hi @whistlebower99, I think you posted in the wrong forum as both companies have nothing related to KGroup to my knowledge..
- KGroup did not announce any share consolidation. Anyway, share consolidation will not dilute NTA as reduction in NOSH will increase in NTA proportionally..no issue.
- KGroup and some invested counters such as Komark at present on an uptrend and on the growth path; don't see the reason for consolidation.. KGroup price 52W low of 1sen vs this morning trading of around 2sen, around 100% increase. Komark price 52W low of 8sen vs this morning trading of around 13sen, around 62.5% increase.
BLee: All this acquisition already highlighted in my two articles above..
@whistlebower99: Monitor quarterly reports frequency of fund raising activities by directors vi shares issuance to ESOS, PP utilisation of company funds by directors especially on penny stocks investment
====================
TAYOR. Set realistic target to take your profit Be prepared for 1 day show 14/02/2022 10:21 AM
BLee: Good advice. What are the chances of PP and ESOS? There are not many 'fats' left, only 'bones' at present price?? The argument of consolidation to gain more 'fats' cannot be discounted; but unlikely?? Happy trading and TradeAtYourOwnRisk
Details: -The Contract period is 4 years, commencing from 10 January 2022 to 9 January 2026.
-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.
-Pursuant to the Contract, Tree Med will supply reagents instrument placement for centralised chemical pathology test to 9 hospitals in Malaysia.
Press release: “We will be bidding in tenders to supply to other government and private laboratories as well in the future if the opportunity arises. It is important that the labs are receiving good quality products to ensure that the best results achieved,”
COVID-19 RT PCR Kits announcement: -Key Alliance Sdn Bhd, a wholly-owned subsidiary of Key Alliance Group Berhad, appointed as representative for registration, marketing and distribution of COVID-19 RT PCR Kits, produced by Wells Bio In https://www.klsescreener.com/v2/announcements/view/3165269
And it also depends on KOMARK face mask businesses..
Hi @mach10, no intend to lure anybody to invest, just defending my own investment highlighting my own view neutralizing some negative view.. Happy trading and my 'warning' always TradeAtYourOwnRisk
@Icon 888: Consolidation soon.. run for ur life 16/02/2022 1:59 AM
BLee: Hi @Icon 888, I don't think consolidation will be any time soon for the following reasons: 1.A controlling shareholder keeps increasing stakes.. Acquired above 5% on 18.01.2021. Changes in Director's Interest (Section 219 of CA 2016) - MR ROY HO YEW KEE https://www.klsescreener.com/v2/announcements/view/3294927 Recent increased stake on 10.01.2022. Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR ROY HO YEW KEE https://www.klsescreener.com/v2/announcements/view/3487841
2.Completed PP (could be the reason price depressed?) on 23.12.2021. Too soon for consolidation after the PP? NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING https://www.klsescreener.com/v2/announcements/view/3479091 On behalf of the Board, UOBKH wishes to announce that 510,861,906 Placement Shares issued pursuant to the Private Placement were listed and quoted on the ACE Market of Bursa Securities with effect from 9.00 a.m. on Thursday, 23 December 2021, which marks the completion of the Private Placement.
3. Exchange of shares and cash for stake of 30% EQUITY INTEREST IN TREE MED VIA A COMBINATION OF RM4,000,000 IN CASH AND RM10,000,000 VIA THE ISSUANCE OF 200,000,000 NEW KAG SHARES AT AN ISSUE PRICE OF RM0.05 PER KAG SHARE https://www.klsescreener.com/v2/announcements/view/3418327 MULTIPLE PROPOSALS https://www.klsescreener.com/v2/announcements/view/3419083 On behalf of the Board of Directors of KAG ("Board"), UOBKH wishes to announce that all conditions precedent pursuant to the SSA have been fulfilled and 200,000,000 Consideration Shares issued pursuant to the Proposed Acquisition were listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on 2 September 2021, marking the completion of the Proposed Acquisition.
As seen above, which parties will be at the losing end? As seen in item 3, what will be the support if the exchange is done at 5sen vs present price of 1.5sen?
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whistlebower99
5,255 posts
Posted by whistlebower99 > 2021-12-21 15:09 | Report Abuse
PENNY STOCKS INVEST/SPECULATE OTHER PENNY STOCKS
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 16 Dec 2021 1,958,500 Acquired Direct Interest
Name of registered holder KEY ALLIANCE GROUP BERHAD
Acquisition of 1,958,500 shares from open market
Direct (units) 94,914,500
Direct (%) 16.44
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Total no of securities after change 94,914,500
Date of notice 20 Dec 2021
Date notice received by Listed Issuer 20 Dec 2021
====================
Expect possibility of more fund raising by directors via shares issuance to ESOS, PP
========
TAYOR