Posted by kuaTAKtahu > 2020-04-10 20:37 | Report Abuse

Goh Eugene is holding VC share & ICPS via Pentagon & Grandstead

Posted by apolloang > 2020-04-10 20:39 | Report Abuse

eugene goh of nextnation is a crook

Posted by 5354_ > 2020-04-10 20:40 | Report Abuse

Very confusing situation now. Who is no 1 shareholders?

Posted by 5354_ > 2020-04-10 20:41 | Report Abuse

Mdm Chan Swee Ying(CBL wife) no 1? How far others behind her?

Posted by 5354_ > 2020-04-10 20:44 | Report Abuse

CBL no crook? Why G3 run up to >RM 3?

apolloang eugene goh of nextnation is a crook
10/04/2020 8:39 PM

Posted by 5354_ > 2020-04-10 20:48 | Report Abuse

[VC] Executive Director Appointment - MADAM CHAN SWEE YING on 10-Apr-2020
Stock [VC]: VORTEX CONSOLIDATED BERHAD
Announcement Date 10-Apr-2020
Board Member Information:
Date of Change 10-Apr-2020
Type of Change Appointment
Designation Executive Director
Directorate Executive
Name MADAM CHAN SWEE YING
Age 48
Gender Female
Nationality Malaysia
Working Experience Ms Chan has more than 20 years of working experience and a strong background in the Information Technology (IT) industry. She started her career with Oracle Malaysia in 1996 before moving on to DHL Asia Pacific IT department managing both local and regional projects in year 2005. She also assisted in developing business plans to secure financial support from the banking institutions for the companys growth.
Ms Chan is also well experienced in the Human Resources field, having assumed the role of General Manager from 2010 to 2015 at an ICT group of companies.
With her management skills and competency in operational efficiency and resources administration, she has helped the Company increased productivity while maintaining costs and expenses especially during the economy slowdown.
Directorship of Public Companies MMAG Holdings Berhad
Family Relationship Substantial shareholder of Vortex Consolidated Berhad
Conflict of Interest Nil
Interest Direct interest - 126,800,000 (17.181%)
https://klse.i3investor.com/companyInfo/boardroom/0060/10-Apr-2020/30716_2961723423.jsp

Posted by Kanm100 > 2020-04-10 20:55 | Report Abuse

Any news?

Posted by 5354_ > 2020-04-10 21:02 | Report Abuse

Mdm Chan Swee Ying(also own MMAG) appointed as Executive Director I know.

Posted by Kanm100 > 2020-04-10 21:03 | Report Abuse

Will Dato goin to take over ?

Posted by 5354_ > 2020-04-10 21:04 | Report Abuse

Hopefully but why no announcement Dato Neoh buy more?

Posted by Kanm100 > Apr 10, 2020 9:03 PM | Report Abuse
Will Dato goin to take over ?

Posted by Kanm100 > 2020-04-10 21:08 | Report Abuse

Maybe announcement next week.

Posted by super_newbie > 2020-04-10 21:09 | Report Abuse

kuaTAKtahu - Ya, I knew. I mean Pentagon has been disposed all it's ordinary shares and ceased mid of March'20, means Eugene Goh (Pentagon) is came back again as substantial shareholder.

Posted by super_newbie > 2020-04-10 21:13 | Report Abuse

Neoh is too hard for take over, Mdm is holding 17% of Ordinary shares and 52% of ICPS. Later I compile an updated list.

Posted by 5354_ > 2020-04-10 21:18 | Report Abuse

High volume and higher price past few days who bought?

Posted by super_newbie > 2020-04-10 21:26 | Report Abuse

goreng loh lol, high volume not necessary people buying, can left hand to right hand hahaa

Posted by Kanm100 > 2020-04-10 21:27 | Report Abuse

I don’t think that was goreng. Something is making.

Posted by super_newbie > 2020-04-10 21:28 | Report Abuse

8-9 Apr high probability got acquisition yet to announce?

Posted by sammmy > 2020-04-10 21:48 | Report Abuse

https://klse.i3investor.com/insider/director/0060/10-Apr-2020/148385_1334659973.jsp

240M icps? that is ordinary not?

Posted by sammmy > 2020-04-10 21:51 | Report Abuse

101M+100M+55M= 256M (Around 750M icps converted into ordinary share isnt it)

Posted by sammmy > 2020-04-10 21:52 | Report Abuse

https://klse.i3investor.com/servlets/stk/additionalListing/0060.jsp

and some of the icps got converted in between as well.

Posted by Kanm100 > 2020-04-10 21:52 | Report Abuse

Possibly a amazing battle comin next week.

Posted by sammmy > 2020-04-10 21:52 | Report Abuse

they issued around 914M icps in april last year. correct me

Posted by super_newbie > 2020-04-10 21:56 | Report Abuse

1 MADAM CHAN SWEE YING: 126,800,000 VC Share; 224,808,303 ICPS
2 MR CHOO PENG HUNG/Masterknowledge: 99,530,800 VC Share; 0 ICPS
3 NEOH SOO KEAT: 90,000,000 VC Share; 0 ICPS
4 MR GOH EUGENE/Pentagon: 17,994,400 VC Share; 112,005,600 ICPS

TOTAL NOSH: 738,018,225 VC Share; 426,298,242 Outstanding ICPS @ 14-Apr-2020

Posted by super_newbie > 2020-04-10 21:56 | Report Abuse

sorry wrong outstanding icps

Posted by super_newbie > 2020-04-10 21:56 | Report Abuse

corrected.

Posted by super_newbie > 2020-04-10 22:00 | Report Abuse

sammmy- that mean mdm left 224.8M ICPS yet to convert.

Posted by super_newbie > 2020-04-10 22:02 | Report Abuse

Apparently, Mr Choo and Eugene using the 3 to 1 method to convert, and Mdm paid additional to convert.

https://klse.i3investor.com/insider/director/0060/10-Apr-2020/148381_1334659979.jsp

Posted by sammmy > 2020-04-10 22:06 | Report Abuse

Mdm paid additional to convert. how if she pay to convert?

Posted by super_newbie > 2020-04-10 22:14 | Report Abuse

I shared two days ago the method, let me search for it.

Posted by super_newbie > 2020-04-10 22:15 | Report Abuse

The ICPS may be converted into new Vortex Shares at the conversion price of RM0.15 ("Conversion Price") in the following manner:

(i) by surrendering for cancellation the ICPS with an aggregate issue price of the ICPS equivalent to the Conversion Price, subject to the conversion ratio of the ICPS at a minimum of 1 ICPS and up to a maximum of 3 ICPS ("Conversion Ratio"); and

(ii) by paying the difference between the aggregate issue price of ICPS surrendered and the Conversion Price, if any, in cash, for every 1 new Vortex Share.

In short, ICPS holder can either exchange one ordinary share with 3 PA or pay additional 10 cent and surrender 1 for 1.

super_newbie
253 posts

Posted by super_newbie > Apr 8, 2020 11:17 PM | Report Abuse X

1) Mdm Chan owning total of 347,745,403 ICPS consists of Kenanga Nominees (Tempatan) Sdn. Bhd.Pledged Securities Account For Chan Swee Ying 202,490,303 and Chan Swee Ying 145,255,100.

2) Prior to these all, she is one of the top 30 shareholder with 2,618,600 ordinary shares.

I believe she using second method by pump in 10M to convert the total of 100.5M ICPS to ordinary shares + existing 2.6M + some acquisition in open market to make it total holding of 128M ordinary shares now.

Posted by super_newbie > 2020-04-10 22:17 | Report Abuse

So, with her outstanding of 224.8M ICPS, I believe she paid to convert.

Posted by super_newbie > 2020-04-10 22:17 | Report Abuse

Btw, I ald sold mine holding, why am I still here hahaaa

Posted by up88up > 2020-04-10 22:21 | Report Abuse

Newbie, y sell so fast?

Posted by sammmy > 2020-04-10 22:22 | Report Abuse

Wow. She paid to maintain power . Well done

Posted by Chuah3434 > 2020-04-10 22:24 | Report Abuse

Difficult to read their agenda but based on unusual high volume and upward price trend, expect VC to rise and meet resistance at 14 soon

Posted by super_newbie > 2020-04-10 22:30 | Report Abuse

up88up- I'm new to market, zero experience in bear market. Too many uncertainty and today this week is long holiday for most of the western countries (just knew this morning, if not sell ytd can get 0.09 hahaa)

Posted by super_newbie > 2020-04-10 22:31 | Report Abuse

Win small > loss, but still got a few counter stuck no manage to sell off :((

Posted by sammmy > 2020-04-10 22:42 | Report Abuse

Super newbie you did a lot of research. Well done

Posted by kuaTAKtahu > 2020-04-10 22:48 | Report Abuse

U are right .He is coming back .

BUT WHY BUY AT 15 SEN?





super_newbie kuaTAKtahu - Ya, I knew. I mean Pentagon has been disposed all it's ordinary shares and ceased mid of March'20, means Eugene Goh (Pentagon) is came back again as substantial shareholder.

Posted by kuaTAKtahu > 2020-04-10 22:49 | Report Abuse

Info seems inaccurate.

Anyone can verify the data as below ?




super_newbie
1 MADAM CHAN SWEE YING: 126,800,000 VC Share; 224,808,303 ICPS
2 MR CHOO PENG HUNG/Masterknowledge: 99,530,800 VC Share; 0 ICPS
3 NEOH SOO KEAT: 90,000,000 VC Share; 0 ICPS
4 MR GOH EUGENE/Pentagon: 17,994,400 VC Share; 112,005,600 ICPS

TOTAL NOSH: 738,018,225 VC Share;
426,298,242 Outstanding ICPS @ 14-Apr-2020

Posted by up88up > 2020-04-10 22:49 | Report Abuse

Thanks newbie, but you did a lot of research. I’m new too, just started in Mar. I’m still holding 100k bought at 0.55. Wish me good luck lo

Posted by kuaTAKtahu > 2020-04-10 22:50 | Report Abuse

What is meaning of 3 to 1?

Isn’t to convert the ICPS , they need to pay 15 sen-5 sen = 10 sen?

As such, their cost remains at 15 sen – which is 100% higher than market price




super_newbie Apparently, Mr Choo and Eugene using the 3 to 1 method to convert, and Mdm paid additional to convert.

Posted by kuaTAKtahu > 2020-04-10 22:58 | Report Abuse

转换价：

这个VC-PA转换去VC母股的方式有两种，VC-PA的持有人可以自由选择

第一方式是一个VC-PA加上现钱0.10换成一个VC母股

第二个方式是不必加现钱，三个VC-PA换成一个VC母股。

Posted by kuaTAKtahu > 2020-04-10 23:01 | Report Abuse

VC集团-PA是一项类似凭单的产品，可根据3换1转换母股，或1优先股加10仙现金行使成为1母股。

Posted by TianTianHuat > 2020-04-10 23:06 |

Post removed.Why?

Posted by super_newbie > 2020-04-10 23:13 | Report Abuse

kuaTAKtahu- all in all you question is why all these key persons pay higher than market price to acquire the ordinary shares. You might as well ask them, I have no clue hahaha :))

That will be great if anyone can cross check my info.

Posted by super_newbie > 2020-04-10 23:31 | Report Abuse

up88up- thanks. But this is my first time learn into this ICPS thing, correct me if any info I'm shared is incorrect. Anyhow, just wish that with Neoh and Mdm Chan joined the board, VC can turn into green in upcoming qr. Hopefully not goreng-goreng things to trap people.

Posted by kuaTAKtahu > 2020-04-10 23:41 | Report Abuse

Most important -- > Chan Swee Ying = wife for Chin Boon Long,

. KAKI GORENG .

Posted by Kanm100 > 2020-04-11 00:11 | Report Abuse

Suka kaki goreng . Goreng until new high.

Posted by Michael Kwok > 2020-04-11 00:33 | Report Abuse

I change my picture to yellow flower.On 2 April 2020.VC shot after that.