0138 MYEG MY E.G. SERVICES BHD Immediate Announcement on Shares Buy Back Date of Buy Back : 14/02/2023 Description of Shares Purchased : Ordinary shares No. of Shares Purchased : 2,000,000 shares Minimum Price Paid For Each Share Purchased : RM 0.630 Maximum Price Paid For Each Share Purchased : RM 0.630 Total Consideration Paid : RM 1,265,158.00 No. of Shares Purchased Retained in Treasury : 2,000,000 shares No. of Shares Which Are Proposed To Be Cancelled : 0 shares Cumulative Net Outstanding Treasury Shares As At To-Date : 47,595,400 shares Adjusted Issued Capital After Cancellation : 7,477,571,078 Date Lodged With Registrar of Company : Lodged By : Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
0138 MYEG MY E.G. SERVICES BHD OTHERS OTHERS MY E.G. Services Berhad ("MYEG" or "the Company")- Press Release: Malaysia and China to Collaborate in Cross-border Blockchain Implementation Research on Xinghuo-Zetrix You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Press Release Malaysia and China to Collaborate in Cross-border Blockchain Implementation Research on Xinghuo-Zetrix 14th February 2023 (Kuala Lumpur) Malaysia’s Blockchain Infrastructure Zetrix, a layer-1 public platform will be embarking together with strategic partners Universiti Malaya (UM) and China Academy of Information and Communications Technology (CAICT), on a collaborative research leading to commercialisation. Zetrix is the international super node for China’s national blockchain, Xinghuo and is fully compatible with it. This will strengthen the Malaysia- China trade, data interoperability and further propel Malaysia into the Web3 era. UM and CAICT’s project entitled “Research on Key Issues of China-Malaysia Transborder Blockchain Infrastructure and Pilot Applications” was selected as part of the intergovernmental collaboration between Malaysia and the People's Republic of China in the field of Science, Technology and Innovation. The Chinese government announced the government-to-government (G2G) program, a collaboration between the Chinese government and overseas governments. Initiated by the Ministry of Science and Technology (MOST) of China, Malaysia is one of the 14 countries that are participating in the programme. The China-Malaysia G2G cooperation covers four sectors, including public health (such as vaccine research and development (R&D)), Artificial Intelligence (AI), Information and Communications Technology (ICT) (blockchain, big data, etc.), as well as space remote sensing technology. CAICT has chosen UM as a research partner, highlighting it as the tertiary education institution with the best research resources in Malaysia. Additionally, this collaboration can further increase technical expertise and provide both countries with mutual benefits. The research is proposing a system that could prevent fraud in supply chain processes using Blockchain technology for cross-border trade.
The system comprises smart contracts collaboration supported across the multiple parties involved in China-Malaysia trade including the Belt and Road Initiative (BRI) countries. The system should enable all stakeholders to collaborate in cross-organisational information-exchanges, all backed by a secure, unalterable audit trail. Wong Thean Soon, the Co-founder of Zetrix, is confident that the commercialisation of blockchain through Zetrix will bring many benefits to Malaysia. “This strategic cooperation will further strengthen Malaysia-China trade and investment relations, including through the Regional Comprehensive Economic Partnership (RCEP), which is the main driving force in integrating the regional economy with the use of 4th Industrial Revolution (4IR) technology - Blockchain, Artificial Intelligence (AI), Internet of Things (IoT), as well as cloud computing technology and big data analysis (Big Data). With that, Malaysia will be one of the leading countries in blockchain development,” he says. This project will spur talent exchanges between China and Malaysia, such as sharing knowledge and expertise via study visits and other intellectual exchanges. For human talent development, this project is expected to produce several PhD students from the Malaysian side in multidisciplinary areas. The team members in both countries will jointly hold international conferences to promote the innovative technologies of intelligent healthcare. The successful implementation of the cross-border Supply Chain traceability Blockchain platform will be promoted to countries along the "Belt and Road", which has important economic benefits. Dr. Saaidal Razalli Azzuhri (Faculty of Computer Science & IT), the research leader for UM, states that “This project will promote the innovation of science and technology by disseminating it through peer-reviewed publications in top-rank international journals and presentations in top-rank international conferences. This makes the project possible with the synergy of experts and interdisciplinary across faculties (computer sciences, laws, economics, and Institute of China Studies).”
to be frank. if epf want to give 6% dividend every year. just through buying low and selling high. very hard. especially economy not good.. so, it make senses to loan share for shortseller..
haha.. thats why when epf run.. got strong shareholder pp come in. usually its good.
Now that EPF has significantly reduced their shareholding to below 5% and still selling, the musical chair would end soon. The high volume and buying flooring support is to prop up the price to sell. Watch out when the sharks have done what they needed to do.....just like when they exited Serba, Sapura and the others......they drop to 5c and below. (not saying how much MyEg would be) At current level of 62c, the upside is limited but when they leave.......there would be no more floor support.
MyEG’s controlling shareholder Asia Internet buys 8.8% stake in Cuscapi February 14, 2023
KUALA LUMPUR (Feb 14): Asia Internet Holdings Bhd, the largest single shareholder in MyEG Services Bhd, bought some 83.25 million shares, or 8.811% stake, in point-of-sale system provider Cuscapi Bhd.
Wong currently holds a direct stake of 13.209% in Cuscapi and an indirect stake of 8.111% through Asia Internet, making him the biggest shareholder holding direct and indirect stake of 21.32%.
TK Maybank untuk margin financing dan target yg diberikan rm1.01 :)
Uncertainty casted over its immigration biz; TP cut We had a conversation with the management following the news implying MyEG will no longer be involved in the nation’s immigration system by 2025. The related concession business comprises c.10% of MyEG’s FY23E revenue, and its ancillary business could also be impacted. We make no change to our earnings forecasts, though our TP is cut to MYR1.01 (-26%) as we change our valuation methodology to SOTP (PER previously). Maintain BUY; its new businesses could grow to fill the void by then.
The Edge Markets https://www.theedgemarkets.com › ... MYEG signs 4-year agreement for international extension of China's ... 21 Nov 2022 — MYEG signs 4-year agreement for international extension of China's blockchain network
BHbisnes Syarikat jalin perjanjian... - Berita Harian Online KUALA LUMPUR: MY E.G. Services Bhd (MYEG) dilantik sebagai pengedar tunggal vaksin COVID-19 yang
astroawani.com www.astroawani.com Untung bersih MYEG meningkat kepada RM150.7 juta pada suku ketiga 29 Nov 2022 — MYEG bekerjasama dengan rakan kongsinya untuk mengintegrasikan Zetrix dengan platform blockchain nasional China, iaitu Xing Huo. Missing: utusan | Must include: utusan
utusanborneo.com.my https://www.utusanborneo.com.my › ... SMA menang Anugerah Inovasi Ekonomi Digital 10+3 25 Mar 2022 — ... pertama dalam Anugerah Inovasi Ekonomi Digital 10+3 (ASEAN+China, ... Antara nama terkenal menyertai adalam final ialah MYEG Services ...
malay.news https://www.malay.news › myeg-me... MYEG meterai LoI beli 10 juta dos vaksin Zhifei China - Malay News 26 Jun 2021 — Ini bagi memastikan kuantiti seterusnya bagi vaksin subunit rekombinan protin atau campuran
MyEG Enters NFT Space With The Launch Of NFT Pangolin 11 Mar 2022 — The Zetrix Layer 1 blockchain network also serves as a parallel chain to the international
The Star https://www.thestar.com.my › myeg... MYEG receives China Excellent Award 11 Dec 2021 — PETALING JAYA: My E.G. Services Bhd (MYEG) has received the “Excellent Award” from China's Ministry
I believe the sell off by EPF is because they have no choice as they need to declare dividend very soon and they have to dispose their shares for the cash.
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....
stockraider
31,556 posts
Posted by stockraider > 2023-02-15 07:57 | Report Abuse
Just buy mah!
No takut lah!
Very cheap loh!