That's was old articles. It's a good news but must wait until this August when the 2nd QR release. Then we can know that time either they gain profit or not or this October when DFTZ launching & Jack Ma start the business in Malaysia..
This is a penny stock with high outstanding share, it takes a huge fund to kick it. Not sure if one announcement will move it. Definitely a long term game for now.
Any news about Kgroup? It has been slept for a long time edy. Looking forward news that can trigger this stock. Hope, waiting is really worth later on.
OTHERS Description KEY ALLIANCE GROUP BERHAD ("KAG" OR "THE COMPANY") INCORPORATION OF NEW SUBSIDIARY The Board of Directors of KAG wishes to announce that a new subsidiary has been incorporated on 4 July 2017 known as Progenet Innovations Sdn Bhd (“PISB”)(“Incorporation”). PISB is wholly-owned subsidiary of DVM Innovate Sdn Bhd (“DVMI”) where DVMI is a wholly-owned subsidiary of the Company.
Information of PISB
PISB is incorporated on 4 July 2017 with its registered office at 3-2, 3rd Mile Square, No. 151 Jalan Kelang Lama, 58100 Kuala Lumpur.
The issued share capital of PISB is one ordinary share. The director of PISB is Mr Roy Ho Yew Kee.
Rationale for the Incorporation
Followed by the announcement of the Company on proposed acquisition of Progenet Sdn Bhd (“Progenet”) and Rapidcloud (M) Sdn Bhd (“Rapidcloud”) dated 19 May 2017 and 22 May 2017, PISB will be the immediate investment holding company for Progenet and Rapidcloud upon completion of proposed acquisition.
PISB will be injected with a fresh capital of RM5.0 million so that it is in best position to stay focused in its ICT business including data center services and by acquiring synergistic businesses to tap into the growing e-commerce market in Malaysia, fostered by the launch of the government led Digital Free Trade Zone (“DFTZ”).
Finance Effects
The Incorporation is not expected to have any material effect on the shares capital, major shareholding, earnings, net assets and gearing of the Company for the financial year ending 31 March 2018.
Interest of the Directors, Major Shareholders and Persons Connected with Them
None of the Directors, major shareholders of KAG and/or persons connected to them has any interest, direct or indirect, in the Incorporation.
I just call DFTZ 2 hours ago. They told me DFTZ will be launching on 2019 not this October & Jack Ma not sure will coming this October. That is information to all of us..
ESos 5 sen. Employees buy from open market better. Can discount 1 sen. Who is so crazy to subscribe to ESOS? Unless sharks is going to push it up to 10 sen again. Then ESOS can jalan.
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Posted by sean1985 > 2017-06-30 11:04 | Report Abuse
0.35 coming lo...............hahaha.