Posted by Vicky > 2 months ago | Report Abuse

If Malaysia GDP forecast 5.9% growth with its data center business, Mqtech will be part of the beneficiaries of this initiative

Posted by whistlebower99 > 2 months ago | Report Abuse

FOR NEWBIES

(I) PROPOSED SHARE CAPITAL REDUCTION;
(II) PROPOSED SHARE CONSOLIDATION; AND
(III) PROPOSED ISSUANCE OF BONDS

On behalf of the Board, Mercury Securities wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 7 August 2024, resolved to approve the following:

(i) Proposed Share Consolidation; and

(ii) Listing of up to 327,109,900 new MQ Tech Shares to be issued pursuant to the conversion of the Bonds.

This announcement is dated 7 August 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3471639

=================
Share consolidation and fund raising via bond issuance approved
Coming soon !!!

Posted by whistlebower99 > 2 months ago | Report Abuse

FOR NEWBIES

CIRCULAR TO SHAREHOLDERS IN RELATION TO
(I) PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY") OF RM50.00 MILLION PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("ACT") ("PROPOSED SHARE CAPITAL REDUCTION");
(II) PROPOSED CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN MQ TECH ("MQ TECH SHARES" OR "SHARES") INTO 1 MQ TECH SHARE ("CONSOLIDATED SHARE(S)") ("PROPOSED SHARE CONSOLIDATION"); AND
(III) PROPOSED ISSUANCE OF REDEEMABLE CONVERTIBLE BONDS ("BONDS") WITH AN AGGREGATE PRINCIPAL AMOUNT OF UP TO RM150.00 MILLION ("PROPOSED ISSUANCE OF BONDS") (COLLECTIVELY REFERRED TO AS "PROPOSALS")

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3473940

==============
Share consolidation and more fund raising coming soon !!!

https://www.klsescreener.com/v2/stocks/view/0070/mq-technology-berhad

Posted by whistlebower99 > 2 months ago | Report Abuse

FOR NEWBIES

Changes in Director's Interest (Section 219 of CA 2016)
MQ TECHNOLOGY BERHAD

Particulars of Director
Name MR TERENCE CHEAH EU LEE

Directors continue to dispose

https://www.klsescreener.com/v2/announcements/view/7679817

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3474457

=================
Share consolidation and fund raising via bond issuance coming soon !!!

Posted by cK1973 > 2 months ago | Report Abuse

wait and see after consolidation....
stay tune guys.....

Posted by cK1973 > 2 months ago | Report Abuse

not yet consolidate ka????
wait....

Posted by Vicky > 2 months ago | Report Abuse

Belum. Getting approval from me as shareholder on 9 Sept meeting first...

Posted by cK1973 > 2 months ago | Report Abuse

ok well noted....
better do it fast.....
10 to 1......

Posted by Faiza > 2 months ago | Report Abuse

today egm approved
consol in a month time?

Posted by cK1973 > 2 months ago | Report Abuse

approved....
good sign......
waiting too long already....

Posted by Vicky > 2 months ago | Report Abuse

Time to rocket to the moon....

Posted by cK1973 > 2 months ago | Report Abuse

no choice......
hv to consolidate......

Posted by Vicky > 2 months ago | Report Abuse

Condolidation is a good news. Don't worry. Just like Technax after consolidated and go to the moon !

Posted by Vicky > 2 months ago | Report Abuse

Remember Mqtech core business still HDD ya...complement data center and AI aound the world !

Posted by cK1973 > 1 month ago | Report Abuse

bila ni.....
still waiting ma....

Posted by mingli841231 > 1 month ago | Report Abuse

https://www.klsescreener.com/v2/news/view/1393055
Meanwhile, MQ Technology Bhd (KL:MQTECH) saw its executive director Terence Cheah Eu Lee dispose of more shares in the ACE Market-listed company. Cheah has sold a total of 25.5 million shares on the open market since May, the latest transaction being 7.5 million shares on Aug 28. This leaves him with a 0.96% stake, or 15.69 million shares, compared with 3.03% before.

MQ Technology produces moulds, tools, dies, jigs and fixtures used in the manufacturing of hard disk drives. The company narrowed its net loss to RM4.29 million for the nine months ended June 30, 2024, from a loss of RM8.47 million a year earlier. In July, it changed its financial year end to Feb 28 from Sept 30.

Posted by cK1973 > 1 month ago | Report Abuse

23th is the consolidation date...
after that we see whether it will fly like MMAG or not or drop like TECHNAX.....
stay tune guys....

Posted by whistlebower99 > 1 month ago | Report Abuse

Changes in Director's Interest (Section 219 of CA 2016) - MR TERENCE CHEAH EU LEE | https://www.klsescreener.com/v2/announcements/view/7915893

Director finally disposed all shares to open market

Posted by Faiza > 1 month ago | Report Abuse

possible new directors comin on board to replace the one?

Posted by cK1973 > 1 month ago | Report Abuse

new to clean up first....
hopefully after consolidation, company can perform better....

Posted by Faiza > 1 month ago | Report Abuse

the co that inject 150m will surely place few directors kan

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

CONSOLIDATION OF EVERY 10 EXISTING SHARES IN MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY") ("MQ TECH SHARE(S)" OR "SHARE(S)") INTO 1 MQ TECH SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")

Ex-Date 23 Sep 2024

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3482145

https://www.klsescreener.com/v2/announcements/view/7809983

==============
Take note of share consolidation ex-date whereby your shareholding will be reduced by 10 times

Current NOSH = 1,635,549,531 will be reduced to 163,554,953

After completion of share consolidation exercise, directors will restart fund raising again via massive shares issuance to PP, ESOS, RI or asset acquisition

Retail shareholders holding at high prices will certainly incur huge losses due to the share consolidation

Posted by fl888 > 1 month ago | Report Abuse

Bought at 6cts last year….consolidation at 1.5cts…loose like hell…

Posted by Mohd Qadri Abdul Rani > 1 month ago | Report Abuse

Same lor...big lost

Posted by cK1973 > 1 month ago | Report Abuse

@fl888 wait for consolidation first.....
currently nothing much we can do.....

Posted by bullrun168 > 1 month ago | Report Abuse

Walaoeh, what happend ?
Super damn hot man Mqtech today !
Now Mqtech was traded at @0.125 (+0.025) (+25 %)
Heng ah, Ong ah, Huat ah !

Posted by fl888 > 1 month ago | Report Abuse

Wahmmm…1cts jump to 12.5cts…biggest gainer ever in KLSE..hahaha..

Posted by Vicky > 1 month ago | Report Abuse

Hello...supposed to be 0.15 as before consolidate is 0.015 x 10. So no big deal if 0.125. Too slow instead as one of the directors opt out before consolidate

Posted by cK1973 > 1 month ago | Report Abuse

what @Vicky mentioned is correct. Suppose after consolidation, they price must be 15c and not 12c.
Let's see in coming days, whether the price will be pushed above 20c or not....
Not very high hope but better than nothing la....

Posted by fl888 > 1 month ago | Report Abuse

Is Terence Chuah is buying back to be a minority or major shareholder ?

Posted by Faiza > 1 month ago | Report Abuse

likely change in board, big investor surely want their people

Posted by Wan Nee > 1 month ago | Report Abuse

Brewing...buy now

Posted by bullrun168 > 1 month ago | Report Abuse

Wow, Amazing !
Now Mqtech was traded at @0.14 (+0.04) (+40 %)
Heng ah, Ong ah, Huat ah !

Posted by Vicky > 1 month ago | Report Abuse

Again no big deal as it used to be 0.015 x 10 = 0.15 now. Unless it hits 0.4 then bravo !

Posted by bullrun168 > 1 month ago | Report Abuse

Wow, Fantastics !
Now Mqtech was traded at @0.15 (+0.05) (+50 %)
Heng ah, Ong ah, Huat ah !

Posted by Vicky > 1 month ago | Report Abuse

Anyway if tomorrow sentimen is positive it will break 0.15 and trend higher

Posted by Faiza > 1 month ago | Report Abuse

watch this bull

Posted by ncy810116 > 1 month ago | Report Abuse

now is a lightweight counter.

Posted by Nick > 1 month ago | Report Abuse

huat ar huat ar

Posted by fl888 > 1 month ago | Report Abuse

Big announcements coming…hopefully , likely related to China ventures

Posted by Vicky > 1 month ago | Report Abuse

Company like Mqtech full of potential. Their core business is in line with AI and data center. So share prices could trend higher

Posted by fl888 > 1 month ago | Report Abuse

DPM daughter is CEO of this company is a plus sign….

Posted by JusinKarl > 1 month ago | Report Abuse

Time to collect at 10

Posted by cK1973 > 1 month ago | Report Abuse

looks like not going to sustain at 15....
touch n drop only....
might go below 10....
not easy this counter....
macam macam buaya ada ma....

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

After share consolidation ex date on 23 Sep 2024,
NOSH reduced from 1,635,549,531 to 163,554,653

Retail shareholders bought at high prices (before share consolidation) incurred huge losses due to directors action.

Next step is for directors to restart fund raising activities again via massive shares issuance to PP, ESOS, RI or asset acquisition.

If directors cannot bring in profits from business operations, more fund raising will be carried out via massive shares issuance

Eventually, NOSH will exceed 1 BILLION shares again.

==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition

Posted by cK1973 > 1 month ago | Report Abuse

back to 10-12 range...
15 range non sustainable...
looking at 8-9c range next week...

Posted by cK1973 > 1 month ago | Report Abuse

now range 8-9 looks possible...
stay tune guys...

Posted by cK1973 > 1 month ago | Report Abuse

still waiting at 8-9 range....

Posted by cK1973 > 1 month ago | Report Abuse

8-9 range will be the best....
hopefully will reach...

Posted by cK1973 > 2 weeks ago | Report Abuse

still waiting at 8-9 range