Unless otherwise redefined, the abbreviated terms used herein shall be the same as those defined in the announcement dated 27 October 2022 in relation to the acceptance of LOA in respect of the TM Contract (“LOA”) dated 14 October 2022 from TMB.
Reference is made to the announcement dated 27 October 2022 in relation to the acceptance of LOA dated 14 October 2022 from TMB by DGB, our wholly-owned subsidiary.
The Board of Directors of DFX wishes to announce that DGB had on 22 September 2023 signed a supplementary agreement with TM Technology Services Sdn Bhd (“TMTech”), a wholly owned subsidiary of TMB, to revise the LOA/TM Contract from approximately RM71.8 million to a revised total contract value of approximately RM80.0 million, an increase in total contract value of approximately RM8.2 million as a result of variations of hardware/software configuration and upgrade of certain fiber routes from 100G to 400G. The contract period has also been revised to end earlier in March 2038 (“Supplementary Agreement”).
The Supplementary Agreement has no effect on the issued share capital and substantial shareholders’ equity interest in the Company.
The Supplementary Agreement is expected to contribute positively to the revenue, earnings and net assets of DFX Group for the financial year ending 30 June 2024.
None of the Directors and/or the substantial shareholders of the Company and/or persons connected with the Directors and/or substantial shareholders of the Company have any interest, direct or indirect in the Supplementary Agreement.
The Board of Directors of the Company is of the opinion that the execution of the Supplementary Agreement is in the best interest of DFX Group.
Reference is made to the Company’s first announcement dated 6 January 2020 and the subsequent monthly announcements in relation to the Company being classified as an affected listed corporation pursuant to Rule 8.03A of the Listing Requirements.
On behalf of the Board of Directors of Divfex, M & A Securities Sdn Bhd wishes to announce that the due diligence exercise as required for the Proposed Regularisation Plan is still ongoing.
The Company has approximately 1 month to submit its regularisation plan to Bursa Securities for approval and will make further announcements in relation to any latest development or the submission of any application in accordance with the requirements under Rule 8.03A of the Listing Requirements.
We refer to the Company’s announcement dated 6 January 2020 in relation to the Company being classified as an affected listed corporation pursuant to Rule 8.03A 2(a)(bb) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) as well as the requisite announcement in relation to its regularisation plan (“Proposed Regularisation Plan”) dated 5 July 2022.
On 16 August 2023, M & A Securities Sdn Bhd (“M&A Securities”), on behalf of the Board of Directors of Divfex (“Board”), announced that Bursa Securities, via its letter dated 16 August 2023, approved the Company’s application for an extension of time of 4 months up to 5 November 2023 for the Company to submit its Proposed Regularisation Plan to Bursa Securities.
On behalf of the Board, M & A Securities wishes to announce that a waiver application to Bursa Securities seeking its approval for a waiver to submit the Proposed Regularisation Plan and to uplift Divfex from its affected listed corporation condition has been submitted on 13 October 2023. Pursuant thereto, the proposals comprising a rights issue and establishment of ESOS that form the Proposed Regularisation Plan which was announced on 5 July 2022 are no longer required and are therefore withdrawn.
The Company will make the necessary announcements in due course upon further developments in relation to the said application.
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....
spm53
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Posted by spm53 > 2023-10-02 12:44 | Report Abuse
wait and see.