MAG HOLDINGS BERHAD

KLSE (MYR): MAG (0095)

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Last Price

0.18

Today's Change

0.00 (0.00%)

Day's Change

0.175 - 0.18

Trading Volume

493,600


9 people like this.

7,195 comment(s). Last comment by Michael Kwok 2 days ago

Ring

6,522 posts

Posted by Ring > 2014-04-17 20:38 | Report Abuse

New company Xinghe after taking over from Keywest coming clean without debts and promising profit for FY 2013, 14 & 15 of 67m for each of the FY with a dividen payout of 15% for the 3 FYs'.Besides its a edible product to feed the huge China population with abundance of palm oil in in this region.. I belief it shall be above 25cts!

5459lyt

97 posts

Posted by 5459lyt > 2014-04-17 21:12 | Report Abuse

All this RTO ..just to get 25cts...maybe more at least 0.35 to 0.40 cents...very strong support from Main Land China

5459lyt

97 posts

Posted by 5459lyt > 2014-04-17 21:26 | Report Abuse

Henan Xinghe's sales volume of branded oil stood at 34,523 tonnes in FYE 2012

RedEagle

3,194 posts

Posted by RedEagle > 2014-04-17 21:43 | Report Abuse

25cts after 1 week open counter?

RedEagle

3,194 posts

Posted by RedEagle > 2014-04-17 21:45 | Report Abuse

open counter in Apr or May?

Ring

6,522 posts

Posted by Ring > 2014-04-17 21:52 | Report Abuse

5459 you are right i didnt want to be too optimistic.. the price may cross 50cts. ACE mkt institutional players cannot buy but they still use proxy to buy.Their PP shares was well received so the demand is good, if 50cts, i buy you lunch lah.

Ring

6,522 posts

Posted by Ring > 2014-04-17 21:53 | Report Abuse

As per Focus magazine expect to list between 24-30 April.

RedEagle

3,194 posts

Posted by RedEagle > 2014-04-17 22:04 | Report Abuse

@ Ring.. can you hyperlink to that page.. can"t find..

RedEagle

3,194 posts

Posted by RedEagle > 2014-04-17 22:05 | Report Abuse

I hold 250k units @ 0.06.. Hope can get back the money..

Ring

6,522 posts

Posted by Ring > 2014-04-17 22:32 | Report Abuse

Focus Magazine period 5/4-11/4, i dont buy this magazine but read at the news stand inclusive Edge. It is a long article one page full. All formalities approved expect waiting for final approval from Security Commission.

RedEagle

3,194 posts

Posted by RedEagle > 2014-04-17 23:22 | Report Abuse

cool.. cool...smell like thin spirit.. ↑:-)

5459lyt

97 posts

Posted by 5459lyt > 2014-04-18 14:02 | Report Abuse

my free lunch will only happen once they intend to bottle and export back the palm oil from one of the top ten tycoon refineries in Seberang Prai to China for their consumption...patience..wait and see

RedEagle

3,194 posts

Posted by RedEagle > 2014-04-19 21:47 | Report Abuse

hope next week got announcement..

RedEagle

3,194 posts

Posted by RedEagle > 2014-04-22 21:38 | Report Abuse

Anybody here registrar.. internal mgt..

Ring

6,522 posts

Posted by Ring > 2014-04-23 20:24 | Report Abuse

Please read bursa announcement, too many news.

RedEagle

3,194 posts

Posted by RedEagle > 2014-04-23 22:20 | Report Abuse

good or bad news

Ring

6,522 posts

Posted by Ring > 2014-04-24 05:57 | Report Abuse

Good morning.. getting ready to be listed.

RedEagle

3,194 posts

Posted by RedEagle > 2014-04-24 08:46 | Report Abuse

somebody can confirm the date to be listed?

Ring

6,522 posts

Posted by Ring > 2014-04-24 13:53 | Report Abuse

OTHERS XINGHE HOLDINGS BERHAD (fka: Key West Global Telecommunications Berhad) COMPOSITION OF NOMINATION COMMITTEE AND REMUNERATION COMMITTEE

KEY WEST GLOBAL TELECOMMUNICATIONS BERHAD

Regularisation Sponsor AmInvestment Bank Bhd
Sponsor Same as above
Type Announcement
Subject OTHERS
Description XINGHE HOLDINGS BERHAD (fka: Key West Global Telecommunications Berhad)
COMPOSITION OF NOMINATION COMMITTEE AND REMUNERATION COMMITTEE

The Board of Directors of XingHe Holdings Berhad (fka: Key West Global Telecommunications Berhad) ("the Company") wishes to announce that following the appointment of Ms. Li Hui Jun, Mr. Ma GuoLiang and Mr. Wang ZhiMin as Directors of the Company on 24 April 2014, the new composition of the Nomination Committee and Remuneration Committee are as follows:-


Nomination Committee
1. Ng Min Lin (Chairman, Non-Independent Non-Executive Director)
2. Tan Sri Dato' Dr. Sak Cheng Lum (Member, Independent Non-Executive Director)
3. Chan Jee Peng (Member, Independent Non-Executive Director)

Remuneration Committee
1. Tan Sri Dato' Dr. Sak Cheng Lum (Chairman, Independent Non-Executive Director)
2. Ma GuoLiang (Member, Non-Independent Managing Director)
3. Ng Min Lin (Member, Non-Independent Non-Executive Director)

This announcement is dated 24 April 2014.

RedEagle

3,194 posts

Posted by RedEagle > 2014-04-25 08:42 | Report Abuse

Ring.. still no announcement the date listed..

Ring

6,522 posts

Posted by Ring > 2014-04-25 09:14 | Report Abuse

Hold on to your horses please! coming.

5459lyt

97 posts

Posted by 5459lyt > 2014-04-25 11:06 | Report Abuse

Horses running up and down..getting ready to dash on the race turf ..haha

Ring

6,522 posts

Posted by Ring > 2014-04-25 11:30 | Report Abuse

Horses from Security Commission still riding towards Xinghe Directors office..ha ha!

RedEagle

3,194 posts

Posted by RedEagle > 2014-04-25 16:05 | Report Abuse

0.40 coming.....

Ring

6,522 posts

Posted by Ring > 2014-04-25 17:25 | Report Abuse

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS DURING CLOSED PERIOD

KEY WEST GLOBAL TELECOMMUNICATIONS BERHAD

Regularisation Sponsor AmInvestment Bank Bhd
Sponsor Same as above
Type Announcement
Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
Description We wish to announce that the following directors of XingHe Holdings Berhad (fka: Key West Global Telecommunications Berhad) ("XingHe Holdings") had transacted dealings in the securities of XingHe Holdings during closed period pursuant to Rule 14.08 of Bursa Malaysia's ACE Market Listing Requirements on Dealings in Listed Securities. The details are set out in Table 1 and 2 below.

Table 1:-

RedEagle

3,194 posts

Posted by RedEagle > 2014-04-25 18:45 | Report Abuse

0.20.. so open much be higher than that..

RedEagle

3,194 posts

Posted by RedEagle > 2014-04-26 13:02 | Report Abuse

Buy buy.. Standy your fund.. Next week stock to watch?

RedEagle

3,194 posts

Posted by RedEagle > 2014-04-27 12:01 | Report Abuse

Ring.. what happpen to my acc... keywest paid me back? why should like that? anybody know why?

Ring

6,522 posts

Posted by Ring > 2014-04-27 12:43 | Report Abuse

How much they paid is @ 115cts.

BC475654

605 posts

Posted by BC475654 > 2014-04-27 13:15 | Report Abuse

Restructuring all done.New Board of Dirctors,new committees all in place.I was advised that the announcement is scheduled on Mon,commencement trading on Tues 29/4.So,let us wait for tomorrow 2 see how true is this info.

Ring

6,522 posts

Posted by Ring > 2014-04-27 18:30 | Report Abuse

Published: Tuesday July 30, 2013 MYT 1:36:00 PM
Updated: Tuesday July 30, 2013 MYT 1:40:15 PM
Key West Global regularisation plan to be completed by Q4

BY LIZ LEE


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KUALA LUMPUR: Guidance Note 3-status company Key West Global Telecommunications Bhd's regularisation plan is on track and it hopes to complete the exercise by the fourth quarter of this year, allowing it to repay its shareholders.

Part of its regularisation involved a reverse take-over from China government-linked company Supreme Global Group Ltd.

This would involve the injection of the assets and operations under its subsidiary Henan Xinghe Oil & Fat Co Ltd into Key West, which would be involved in an edible oils business.

The reverse take-over gives Supreme Global an entry to Bursa Malaysia by owning Key West through a share swap deal.

Executive director Stephen Ng Min Lin said on Tuesday the company has issued 1.9 billion shares at 11.05 sen each to the China promoters, which would allow Key West to repay its shareholders.

Ring

6,522 posts

Posted by Ring > 2014-04-27 18:32 | Report Abuse

RedEagle please read the report I dont understand how it works on the share holders.I have not checked by ac yet.

RedEagle

3,194 posts

Posted by RedEagle > 2014-04-27 22:36 | Report Abuse

good night keywest.. hope the money was wrongly credited.. i hope 0.25.. but now i saw flooting @ 0.105..

5459lyt

97 posts

Posted by 5459lyt > 2014-04-28 08:33 | Report Abuse

RedEagle..like what Ring wrote..keep calm..read the circular to shareholders..Proposal will not require any cash outlay from Existing Shareholers of Keywest..don't confuse everyone..

Ring

6,522 posts

Posted by Ring > 2014-04-28 14:04 | Report Abuse

MULTIPLE PROPOSALS XINGHE HOLDINGS BERHAD (FORMERLY KNOWN AS KEY WEST GLOBAL TELECOMMUNICATIONS BERHAD (“XINGHE HOLDINGS” OR THE “COMPANY”) • INCREASE IN THE AUTHORISED SHARE CAPITAL; • AMENDMENT; • ACQUISITION; • EXEMPTION; • OFFER FOR SALE; • PRIVATE PLACEMENT; AND • CHANGE OF NAME (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

KEY WEST GLOBAL TELECOMMUNICATIONS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description XINGHE HOLDINGS BERHAD (FORMERLY KNOWN AS KEY WEST GLOBAL TELECOMMUNICATIONS BERHAD (“XINGHE HOLDINGS” OR THE “COMPANY”)

• INCREASE IN THE AUTHORISED SHARE CAPITAL;
• AMENDMENT;
• ACQUISITION;
• EXEMPTION;
• OFFER FOR SALE;
• PRIVATE PLACEMENT; AND
• CHANGE OF NAME

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Reference is made to the announcements on 23 May 2013, 10 December 2013, 8 January 2014, 13 January 2014, 3 March 2014, 26 March 2014, 27 March 2014, 31 March 2014, 1 April 2014, 2 April 2014, 23 April 2014, 24 April 2014 and 25 April 2014 in relation to the Proposals (“Announcements”). For consistency, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Announcements.
On behalf of the Board of Directors of the Company (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has, vide its letter dated 28 April 2014, resolved to approve the upliftment of XingHe Holdings from being classified as a Guidance Note (“GN”) 3 company and the upliftment of suspension in trading of the Company’s Shares effective from 9.00 a.m., Tuesday, 29 April 2014.
The Board is pleased to inform that the additional 2,200,000,000 new Shares pursuant to the Acquisition and Private Placement will be granted listing and quotation on the ACE Market of Bursa Securities with effect from 9.00 a.m., Tuesday, 29 April 2014. Further, the Company’s Shares will be traded and quoted under the new stock short name of ‘XINGHE’. The stock number remains unchanged.

RedEagle

3,194 posts

Posted by RedEagle > 2014-04-28 14:11 | Report Abuse

new life tomorrow

ryan7642

1,998 posts

Posted by ryan7642 > 2014-04-28 14:13 | Report Abuse

any idea wat is the name of the new company?Xing He?

ryan7642

1,998 posts

Posted by ryan7642 > 2014-04-28 14:55 | Report Abuse

how much the price will be?0.015?

RedEagle

3,194 posts

Posted by RedEagle > 2014-04-28 15:07 | Report Abuse

refer to The Edge Financial Daily on April 28, 2014. The price 0.20

5459lyt

97 posts

Posted by 5459lyt > 2014-04-28 15:09 | Report Abuse

Well ..finally, now everyone will be to giving their own targeted price..Ring and myself will be 0.50 cause there will be free lunch from this investor..lol

Ring

6,522 posts

Posted by Ring > 2014-04-28 15:13 | Report Abuse

Ha ha you are right my Remiser also guess 50ct.

RedEagle

3,194 posts

Posted by RedEagle > 2014-04-28 15:20 | Report Abuse

0.50??? wow.. 5459lyt remiser.. good..

5459lyt

97 posts

Posted by 5459lyt > 2014-04-28 15:22 | Report Abuse

Actually I guess more ..but time to build up the confidence and expectation of this counter will way past our target...yet to see. Well we are just minorities shareholders ...Well done XingHe

ryan7642

1,998 posts

Posted by ryan7642 > 2014-04-28 15:23 | Report Abuse

thank Red Eagle;) still thought 0.015 if not can enter try try de hehehe:p

5459lyt

97 posts

Posted by 5459lyt > 2014-04-28 15:30 | Report Abuse

The new management and main shareholders will need to see that this counter will perform better than what they are expected..With the strong backing from the China disposal market and a well established brand..it should go higher than this. Just Trading for a Living..haha

ryan7642

1,998 posts

Posted by ryan7642 > 2014-04-28 16:11 | Report Abuse

to be frank i dont feel confident in china share which list in Msia..Eg, XDL/Msport/CSL all drop like hell..

tekken

797 posts

Posted by tekken > 2014-04-28 16:14 | Report Abuse

limit down...haha

5459lyt

97 posts

Posted by 5459lyt > 2014-04-28 16:21 | Report Abuse

Trade cautiously and not greed. Set a target. Emotion set aside..no risk no gain..even driving on road can be dangerous if you are not careful.. ;D

Ring

6,522 posts

Posted by Ring > 2014-04-28 16:40 | Report Abuse

Please read the report b4 commenting, Xinghe is coming clean without any debts n guarantees dividen of 15% for 2013, 14 & 15 n for a penny stock with a profit of 70m for each of the FY so please be more factual.

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