Jack Ma likes to hold control on his operations. Why would he need to collaborate with local entities when Alibaba has superior technologies in all aspects of IT like data solutioning, electronic billing, payment gateways, and Saas? Jack also has connection to the Malaysian Govt (having dined with Najib several times in Malaysia and China). Are we saying a super Alibaba needs to work with companies which are losing money and tens of thousands times smaller than itself? I am puzzled.... in fact I think Alibaba will be a threat to Malaysian small IT companies?
Bratt, if your view holds water then all local IT companies should go under water la.
But look at Eforce, Myeg, Ghlsys, Efficen etc. They are thriving instead. Plus, they grow even more ever since the Jack Ma wave came to our shore late last year.
Conclusion: it is the opposite of what you are suggesting
it dropped ? i dont see any drop. i only know for sure today closing price is higher than yesterday's. Same result , but if you view it differently, you will get different perspective... probably u are just not suitable for this stock. you need sth that up up up and up every hour haha
We refer to the announcements dated 10 October 2017 and 31 October 2017(“Announcements”).
(Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.)
The Board wishes to announce that the Subscription Agreements were entered by Cuscapi with the 4 investors independently and the agreement are not inter-conditional to one another.
Subsequently, UQS, being the largest investor express concerned over the issuance of additioan shares to the other 3 investors.
After engagement with UQS, Cuscapi held discussions with the other 3 investors who agreed to mutually terminate their respective subscription agreements with Cuscapi.
As a result of the above, the total gross proceed from the propose issuance will be reduced from RM79.8 million to RM53.2 million. The revised utilization of proceeds will be as follow:-
good lo. as i mentioned before, the big boss mau kick out non contributors from the placement. he mau main sendiri everything haha. i love his move. pressure the co to kick that 3 poor man out hahahaha.
simple straight forward and clear cut announcement:
Subsequently, UQS, being the largest investor express concerned over the issuance of additioan shares to the other 3 investors.
After engagement with UQS, Cuscapi held discussions with the other 3 investors who agreed to mutually terminate their respective subscription agreements with Cuscapi.
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....
hklcheng
1,317 posts
Posted by hklcheng > 2017-11-01 11:29 | Report Abuse
later 12:15pm KBOOM....to 50 sen