Posted by birkincollector > 2020-07-15 17:47 | Report Abuse

watever jb..soon u might not find the username

Posted by nicholas99 > 2020-07-15 17:48 | Report Abuse

he Board of Directors of Ancom Logistics Berhad (“Company”) wishes to

announce that the Company has today requested for a suspension of trading of its

securities from 9.00 a.m.to 5.00 p.m., on 15 July 2020. The request for suspension is made

under Paragraph 3.1(a) (iii) of Practice Note 2 of the ACE Market Listing Requirements of

Bursa Malaysia Securities Berhad, pending a material announcement in relation to a

corporate exercise to be undertaken by the Company.



This announcement is dated 14 July 2020.

Posted by High5 > 2020-07-15 17:49 | Report Abuse

We are not talking about 1 counter but 3 counters suspended trading for today...This deal more solid than Anzo or AT

Posted by nicholas99 > 2020-07-15 17:52 | Report Abuse

I am waiting for connect to suspend the trading but Ancom do it first

Posted by TrippleZ > 2020-07-15 18:03 | Report Abuse

Prepared for limit down...

Posted by Joycelee > 2020-07-15 18:10 | Report Abuse

Bt the news is from edge market , previously edge market also claiming that S5 is negotiating with connect on rto?

Posted by Trouble Huat > 2020-07-15 18:10 | Report Abuse

there is no free lunch in this word. good luck. haha

Posted by vivabursa > 2020-07-15 18:15 | Report Abuse

Wonder who is converting the preference shares

Posted by High5 > 2020-07-15 18:21 | Report Abuse

Looks like instead of RTO S5 going for back door listing

Posted by Jackma99 > 2020-07-15 18:23 | Report Abuse

Gg no deal , so thick wall 6 M 20c also burst tmr atleast -10% i guess

Posted by Notconfused > 2020-07-15 18:45 | Report Abuse

Scary that’s the consequences of being greedy

Posted by SumuaOK > 2020-07-15 18:48 | Report Abuse

Connect will be disconnected from now. See you at 10

Posted by KLBullTrader > 2020-07-15 18:51 | Report Abuse

Ready ammo to buy more. Clearly trying to get people to panic sell

Posted by Rocketteam > 2020-07-15 19:02 | Report Abuse

Dun know what stay or quit. No idea now

Posted by covid19la > 2020-07-15 19:12 | Report Abuse

lol, anyone with RTO knowledge know that the RTO is a loooong process, especially listed company, it cannot be just connect last month and suddenly today is ancom. i think someone is manipulating the news to create panic sell, so when the price is cheap enough, then the RTO happened

Posted by birkincollector > 2020-07-15 19:12 | Report Abuse

Rowie, there was no official announcement connect was talking to s5 about RTO, no binding agreement. Connect was merely clarifying the news that went around.

Posted by birkincollector > 2020-07-15 19:21 | Report Abuse

Then i suggest you buy more tmr

Posted by Notconfused > 2020-07-15 19:23 | Report Abuse

Heavy selldown is a good indication already, no?

Posted by klck23 > 2020-07-15 20:16 | Report Abuse

2molo limit down?

Posted by SideIncomer > 2020-07-15 20:23 | Report Abuse

habis~music end

Posted by Newbie Here > 2020-07-15 20:38 | Report Abuse

Nobody know what's will going to happened. Waiting S5 or Connect to make announcements

Posted by Joycelee > 2020-07-15 20:58 | Report Abuse

The news mention is still in planning stage, same as RTO , all still in speculation

Posted by HandsomeGain > 2020-07-15 22:21 | Report Abuse

I think end game.. Since ancon already applied suspension for the restructuring.. This is genuine and true.. Very ugly to accept but I will accept and dispose.. Sometimes.. We can't do much.

Posted by timehappy126 > 2020-07-15 22:25 | Report Abuse

JB ah JB, please show up and enlighten us. Terima Kasih x 99

Posted by Winner267711 > 2020-07-15 22:25 | Report Abuse

Handsomegain; don’t be sad ; today I bought a lot for 0.20 and 0.24 too:I still trust JB

Posted by Winner267711 > 2020-07-15 22:27 | Report Abuse

Hope for the best tomorrow; may be it will bounced back to 30 cents ..no body know ...

Posted by covid19la > 2020-07-15 22:34 | Report Abuse

Guys don't forget the edge is the one start the news S5 connect news, now also they start the S5 ancom deal. Haha. Cant you see the shit they stirring?

Posted by Joycelee > 2020-07-15 22:36 | Report Abuse

No announcement from ancom oso just suspension

Posted by Mytrd > 2020-07-15 22:36 | Report Abuse

Ancom restructure Ancom logistic but don’t think get S5.

Posted by Notconfused > 2020-07-15 22:38 | Report Abuse

It will be naive to trust someone on the internet that you have never met....if all is true it will be very ugly for connect to make an announcement as it will be like sending it’s own share to Holland

Posted by Joycelee > 2020-07-15 22:38 | Report Abuse

Covid yes exactly, just now i did mention about it , it just the same reporter which mention all is about planning , is just speculation, but the company really did suspension of trading which got some suspicious

Posted by Joycelee > 2020-07-15 22:39 | Report Abuse

And if it really acquisition, the costing for acquisition is really an element to think

Posted by Joycelee > 2020-07-15 22:42 | Report Abuse

Rowie do u mean ancomlb always did juggling business? I'm nt so sure about it , but if acquisition i think should be myeg acquire it , myeg just acquire 10%, and 90% acquired by ancomlb doesn't make sense

Posted by covid19la > 2020-07-15 22:43 | Report Abuse

It is really a funny idea if you think a company like ancom lb can buy a S5 who worth 900mil. The truth is ancom lb may be integrated into ancom Bhd and lb may be delisted or something. And this the edge reporter make up all the story to goreng ancom price and tekan the price to S5 to buy connect cheaper at the same time. Think about it.

Posted by Joycelee > 2020-07-15 22:44 | Report Abuse

Covid I'm totally agree with you

Posted by Nicholas Loh > 2020-07-15 22:54 | Report Abuse

Surely panic selling will happen at tomorrow, I’m ready to collect for cheaper tickets

Posted by covid19la > 2020-07-15 22:55 | Report Abuse

a company like myeg can only able to buy 10% stake in 5s and a company like amcon lb want to buy s5 according to the news
"Ancom Logistics will be without a business and the plan is to acquire an immigration technology company — S5 — for that unit," added the source, who declined to share the price of the deal.

a "source", yeah right, definitely very trustworthy

Posted by covid19la > 2020-07-15 22:58 | Report Abuse

what i see is the price will crash tomorrow, panic selling, someone will be busy collecting also. then after acquiring enough at big discounted price, ancom circular out to clarify there is no discussion between ancom and s5. boom, connect fly to sky

Posted by Joycelee > 2020-07-15 23:00 | Report Abuse

The word plan is already indicate just a speculation

Posted by jlong23 > 2020-07-15 23:05 | Report Abuse

Seems like ALB will dispose existing biz to Nylez, then the listing shell let S5 RTO it. That's how i read the news.

Just wait for announcement on signing. Let ALB clear the air with proper announcement.

Posted by SumuaOK > 2020-07-15 23:08 | Report Abuse

Unless 10 sens =- then ok to collect. They converted their ICPs at 10 sens only. More are on the way at 0.098 sens Private Placement.

Posted by Joycelee > 2020-07-15 23:32 | Report Abuse

Jlong but the news it mention 'acquire' not RTO

Posted by High5 > 2020-07-15 23:34 | Report Abuse

S5 tipped to take over Ancom Logistics, say sources

By Emmanuel Samarathisa |  34 minutes ago |  Mainstream

SECURITY solutions provider S5 Holdings Inc is seeking to do a reverse takeover (RTO) of Ancom Logistics Bhd (ALB), people familiar with the matter tell FocusM.

“S5 will be the majority shareholder of ALB while Ancom will have a minority stake in the company, estimated to be at 5% after dilution, with room to enlarge its shareholding in the future,” a source said. 

S5 had been tipped to be a frontrunner for the RM1.5 bil National Integrated Immigration System (NIIS) contract. The winner of the tender is expected to be announced soon. 

E-government services provider MyEG Services Bhd had also offered to take up a 10% stake in S5 for RM90 mil from Merrington Assets Ltd.

Ancom Bhd is the holding company of ALB as well as Nylex (Malaysia) Bhd. This means the initial RTO of ACE Market-listed ConnectCounty Holdings Bhd reported on June 16 had collapsed. ALB is also listed on the ACE. 

The Edge reported today that emergency board meetings had been called for all three companies under the Ancom group to discuss “restructuring plans for the whole group.”

Ancom Bhd, ALB and Nylex had requested for a suspension of the trading of their securities from 9am to 5pm today, pending a material announcement on a corporate exercise.

ALB’s core business is in tanking and logistics of petrochemicals and chemicals while Nylex is involved in the distribution and manufacturing of petrochemicals and industrial chemical products. 

Ancom was seeking to consolidate its logistics assets under Nylex, said The Edge. 

Prior to having their shares suspended, Ancom Bhd and Nylex’s shares closed at 77 sen with a market capitalisation of RM183.2 mil and RM134.69 mil respectively.

ALB, on the other hand, closed at 13 sen with a market value of RM61.53 mil. – July 15, 2020

Posted by stncws > 2020-07-15 23:36 | Report Abuse

Another story again...

Those buy 36c and above..

better leave now

Posted by High5 > 2020-07-15 23:36 | Report Abuse

The RTO of connect has COLLAPSED

Posted by covid19la > 2020-07-15 23:42 | Report Abuse

walao eh, reporter these days, add some spice then can create another article, only first paragraph is original story, the rest all fried cold rice

Posted by Joycelee > 2020-07-15 23:42 | Report Abuse

High 5 is this announcement ?can sent the source?

Posted by Joycelee > 2020-07-15 23:43 | Report Abuse

The news just now say plan to acquire, now change to RTO, really weird

Posted by High5 > 2020-07-15 23:51 | Report Abuse

Focus Msia recd 40mins ago

Posted by Doremon99 > 2020-07-16 01:16 | Report Abuse

Run and wait another 2 weeks buy back