FINTEC GLOBAL BERHAD

KLSE (MYR): FINTEC (0150)

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Last Price

0.17

Today's Change

0.00 (0.00%)

Day's Change

0.17 - 0.17

Trading Volume

6,300


16 people like this.

27,918 comment(s). Last comment by M55555 4 days ago

Posted by EmperorFund > 2021-03-31 09:53 | Report Abuse

BIG BIG BIG NEWS COMING !!! STAY TUNE !!!

williamtkb

3,216 posts

Posted by williamtkb > 2021-03-31 10:12 | Report Abuse

Before QR drops is good for conman company.

Posted by NICKHEW1992 > 2021-03-31 10:13 | Report Abuse

EmperorFund please dont trap ppl already. this counter gg, big news is share conso - 10 to 1

Posted by katakpenjara > 2021-03-31 10:41 | Report Abuse

https://kennethvunyunlun.wordpress.com/2021/03/30/kenneth-vun-the-john-soh-of-malaysia-securities-money-trail-investigation-watch-list-leaked/

BUY all these stocks.

Kennethvun will buy up the stocks go against authorities lah. Bursa only boleh bayar. SC senang tipu. Print kertas only sudi kena tipu willing buyer willing seller.

Sure buy up all stocks. Wait rebound soon.

gateway31

333 posts

Posted by gateway31 > 2021-03-31 12:05 | Report Abuse

back to 0.02

AlbusL

2 posts

Posted by AlbusL > 2021-03-31 12:33 | Report Abuse

So what's gonna happen now? Will they suspend this share? Is it gonna rise?

sense75

34 posts

Posted by sense75 > 2021-03-31 13:03 | Report Abuse

EmperorFund is just A*******

pineapple123

2,472 posts

Posted by pineapple123 > 2021-03-31 16:05 | Report Abuse

some big kaki throwing lower to push price lower. they will do averaging behind the closed door.

Posted by fahmi26596 > 2021-03-31 16:19 | Report Abuse

Can someone explain why they all afraid if this counter consolidate in future ?

pineapple123

2,472 posts

Posted by pineapple123 > 2021-03-31 16:24 | Report Abuse

Fintec Who else talk dividend beside pineapple123?
31/03/2021 8:34 AM

Don't make my comment a fuss. I am just teasing if fintec will give dividend.

Posted by Kishin Sham Mahtani > 2021-03-31 17:19 | Report Abuse

if no QTR Report today this going Holland PN 17 counter

pineapple123

2,472 posts

Posted by pineapple123 > 2021-03-31 18:30 | Report Abuse

result out

Posted by Kishin Sham Mahtani > 2021-03-31 18:58 | Report Abuse

720 million profit in 1 qtr become 62 million loss wonderful management of con company ....Busra sleeping all the time

Posted by robert00 > 2021-03-31 20:51 | Report Abuse

anything positive from the quarter report?

gghaha

1,639 posts

Posted by gghaha > 2021-03-31 21:37 | Report Abuse

At least the realized profit is increasing slowly...those unrealized will just up n down from qtr to qtr nothing big issue ...:)

pineapple123

2,472 posts

Posted by pineapple123 > 2021-03-31 22:24 | Report Abuse

0072 AT AT SYSTEMATIZATION BHD
TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))

TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))AT SYSTEMATIZATION BERHAD ("AT SYSTEMATIZATION" OR THE "ULTIMATEOFFEROR")CONDITIONAL VOLUNTARY TAKE-OVER OFFER BY AT ENGINEERING SOLUTION SDNBHD ("AT ENGINEERING" OR THE "OFFEROR"), A WHOLLY-OWNED SUBSIDIARY OF ATSYSTEMATIZATION, TO ACQUIRE ALL THE ORDINARY SHARES IN ASDION BERHAD ("ASDION"OR THE "OFFEREE") ("ASDION SHARES") WHICH ARE NOT HELD BY THE OFFEROR ("OFFERSHARES") FOR A CASH OFFER PRICE OF RM0.50 PER OFFER SHARE ("OFFER PRICE")("OFFER")You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com

From what I gathered from the previous article, written to condemn AT and Asdion, looks like AT is taking over Asdion with offer price of 50c. Wah below market price of current 59.5c

pineapple123

2,472 posts

Posted by pineapple123 > 2021-03-31 22:28 | Report Abuse

Those paper gain and paper loss ONLY. Fintec up to now never sell their holdings. How to materialise ?

Posted by KVgroupcon > 2021-03-31 22:31 | Report Abuse

https://klse.i3investor.com/blogs/savemalaysia/498266.jsp

Kenneth Vun and Mak money laundering.

Posted by KVgroupcon > 2021-03-31 22:32 | Report Abuse

Siphon money from AT to buy their own Asdion shares. SC going after the mastermind Kenneth Vun. Fintec also in the list.

pineapple123

2,472 posts

Posted by pineapple123 > 2021-03-31 22:39 | Report Abuse

KVgroupcon Siphon money from AT to buy their own Asdion shares. SC going after the mastermind Kenneth Vun. Fintec also in the list.
31/03/2021 10:32 PM

beware u get tracked down and get your butt in jail

Posted by KVExposed > 2021-03-31 22:40 | Report Abuse

AT. typical securities fraud case. Cheat public money pump to AT and siphon out buying their own Asdion shares. It's CBT and breaches all securities law. Bursa and SC blind by their own staff with no legal knowledge help breed these criminal.

The mastermind behind penny CBT scheme Kenneth Vun Yun Lun and Mak Siew Wei. The consequences for not nailing them for life sentence is they do bigger crime to steal from the people.

SC hauls Kenneth Vun, 6 others to court over DVM Tech shares

https://www.thestar.com.my/business/business-news/2014/07/22/sc-hauls-kenneth-vun-6-others-to-court-over-dvm-tech-shares

Posted by KVExposed > 2021-03-31 22:41 | Report Abuse

Looks like pineapple promoter in jail already. lol. Expose your pay master crime, you promote the crime. See who go in first. Victims deserve the truth.

williamtkb

3,216 posts

Posted by williamtkb > 2021-03-31 22:43 | Report Abuse

Limit down tomorrow? Loss 62millons..... Retain profit nearly 1B.

pineapple123

2,472 posts

Posted by pineapple123 > 2021-03-31 22:43 | Report Abuse

KVExposed Looks like pineapple promoter in jail already. lol. Expose your pay master crime, you promote the crime. See who go in first. Victims deserve the truth.
31/03/2021 10:41 PM


Prove it in court lah, dont come here to shoot the innocents

Posted by drugMONEY > 2021-03-31 22:45 | Report Abuse

lol. go prove to court. when you goes in. why bother people freedom to talk?

IF a company’s shares are considered a form of currency, many small cap companies have been minting money via a series of private placements of new shares over the past 18 months.

A random check on penny stocks shows that the share capital of many of these companies have increased manifold. Among them are AT Systematization Bhd, Vsolar Group Bhd, Oversea Enterprise Bhd, Green Ocean Corp Bhd and Fintec Global Bhd.

The share issuance spree started to gain momentum after Bursa Malaysia relaxed the rules on private placement last April at the peak of the first wave of the Covid-19 pandemic.

The stock exchange raised the private placement general mandate to 20% of a company’s issued share capital, from 10% previously. The threshold is lower than other bourses, including those of Hong Kong and Singapore.

On top of that, companies are permitted to issue up to 30% of their existing share capital in a share placement if the shareholders approve the exercise at an extraordinary general meeting.

The regulators said the relaxation of the rule — until year-end — is an interim measure to help public-listed companies that urgently need to raise fresh capital to sustain their operations during these trying times.


Many small cap companies have opted for the interim measure to raise fresh cash for working capital and future investments or for new business ventures, for instance, production of rubber gloves or distribution of vaccines and Covid-19 test kits.

Fresh capital raised from secondary issuance soared by 76% to RM8 billion in 2020, according to the Securities Commission — evidence of interest in share placements and rights issues.

Coincidentally, most of these companies have a rather similar pattern of fundraising exercises, consisting of a share placement, followed by a cash call and share issuance schemes to reward employees, especially the board of directors.

It is also worth noting that the share prices of such small cap companies usually shoot up soon after these fundraising exercises, despite their dismal earnings performance. Below are some of the companies which have seen a significant increase in their share capital.



AT Systematization

Topping the list is ATS, one of the companies that have ventured into rubber glove manufacturing. Its total outstanding shares swelled by 811% to 4.23 billion shares between Jan 1, 2020, and March 15, 2021, according to Bloomberg data.

ATS, in which Fintec Global holds a 9.9% stake, carried out two private placements during the year. The first was proposed in August and the second in November. It issued a total of 1.34 billion shares to raise about RM159.5 million.

The first placement was priced at 6.3 sen to 7.16 sen. Its share price ranged between seven sen and 10 sen in October 2020, when it completed the placement.

The second placement was issued in December at between 15.95 sen and 18 sen — more than 50% higher than the previous one, thanks to the hike in ATS’s share price over the two months.

The first placement was to finance its diversification into the manufacturing and sale of rubber gloves and related machinery, which was in line with its proposed acquisition of industrial glove maker Pearl Glove (Malaysia) Sdn Bhd.

The acquisition was cancelled in November, however, with the group citing the non-fulfilment of certain conditions, without elaborating on them. In January 2021, ATS sued the shareholders of Pearl Glove for RM4.4 million, as it was not satisfied with the result of the exercise.

The second placement was to raise funds for capex for the glove business as well as working capital purposes, as the company was setting up its rubber glove plant in Perak.

Besides share placements, ATS had also undertaken a rights issue of 991.2 million shares to raise RM34.7 million. The proceeds were earmarked for the expansion of its production capacity, repayment of bank borrowings and working capital.

On top of that, ATS has rewarded its employees with share issuance schemes. As at March 10, eligible staff had exercised options amounting to 1.45 billion shares.

https://klse.i3investor.com/blogs/savemalaysia/2021-03-31-story-h1543074623-Special_Report_Share_issuances_the_new_get_rich_quick_scheme_in_town.jsp

Posted by drugMONEY > 2021-03-31 22:48 | Report Abuse

wow. someone got exposed already. Many victims know already the con job. Go ask judge give you 5 years lor plus 5 strokes. If track you down send you for 10 years. 50% discount, cheaper than 7 cents Fintec toilet paper. You should buy in.

Posted by InnocentCriminal > 2021-03-31 22:53 | Report Abuse

Holly! Criminals poster boy cry innocent!!!

After The Edge exposed pineapple bos crime, who is "innocent" here got con by Kenneth Vun gang raise your hand!

Wait until you got track down and vomit all you got paid from dirty stock money game money. New word for POLIS to capture finance criminals.

Let's give the innocent a hand lift:

https://klse.i3investor.com/blogs/savemalaysia/2021-03-31-story-h1543074623-Special_Report_Share_issuances_the_new_get_rich_quick_scheme_in_town.jsp



pineapple123 KVExposed Looks like pineapple promoter in jail already. lol. Expose your pay master crime, you promote the crime. See who go in first. Victims deserve the truth.
31/03/2021 10:41 PM


Prove it in court lah, dont come here to shoot the innocents
31/03/2021 10:43 PM

8888_

2,923 posts

Posted by 8888_ > 2021-04-01 07:22 | Report Abuse

31-Mar-2021 Board Member Managing Director Redesignation - MR TAN SIK EEK on 31-Mar-2021.

8888_

2,923 posts

Posted by 8888_ > 2021-04-01 07:22 | Report Abuse

New MD who want to sapu unsubscribed RI 8 sen will he buy Fintec 6 at sen?

8888_

2,923 posts

Posted by 8888_ > 2021-04-01 09:17 | Report Abuse

RM 117 million cash who cut loss?

8888_

2,923 posts

Posted by 8888_ > 2021-04-01 09:20 | Report Abuse

RM 1.171 billion shares value can drop to 10%?

Posted by FinishOneGo > 2021-04-01 09:29 | Report Abuse

Same like AT, rubbish. Drop 90% still is "paper" they will sell. Then print again. Average down is what they expect you to do. Greed turn parish.

KVExposed The mastermind behind penny CBT scheme Kenneth Vun Yun Lun and Mak Siew Wei. The consequences for not nailing them for life sentence is they do bigger crime to steal from the people.

SC hauls Kenneth Vun, 6 others to court over DVM Tech shares

https://www.thestar.com.my/business/business-news/2014/07/22/sc-hauls-...
31/03/2021 10:38 PM

Lifeunlimited https://kennethvunyunlun.wordpress.com/2021/03/26/the-new-john-soh-of-...
31/03/2021 10:46 PM

Sesuke Waiting 0.05
Hahaa...very soon..
31/03/2021 10:47 PM

myboss why so low susuke, after bankrupt this Automotive, glove machine ATM rosak
31/03/2021 11:13 PM

TMMC Possible just avoid
https://kennethvunyunlun.wordpress.com/category/criminal-trail/

Loh Kok Wai W

3,717 posts

Posted by Loh Kok Wai W > 2021-04-01 09:40 | Report Abuse

PN 17......

RJ87

5,134 posts

Posted by RJ87 > 2021-04-01 09:41 | Report Abuse

big big news is big ass losses as expected.

Posted by Elitetrader > 2021-04-01 10:40 | Report Abuse

LOL. Huge news. But overall still make money, right?

No_contra

16 posts

Posted by No_contra > 2021-04-01 11:03 | Report Abuse

So must buy?

LossAversion

1,727 posts

Posted by LossAversion > 2021-04-01 11:04 | Report Abuse

So, buy more and get trapped again and again and again!!!????

gghaha

1,639 posts

Posted by gghaha > 2021-04-01 11:30 | Report Abuse

buy more....later will got PP ,RI , Esos.....then last share consol...:)

lauys96

232 posts

Posted by lauys96 > 2021-04-01 12:00 | Report Abuse

Go to Holland this con counter shit

oskchoon

3,186 posts

Posted by oskchoon > 2021-04-01 13:42 | Report Abuse

Be careful, sometimes management stole the money and write off as a loss in the QR report...

Sales

3,272 posts

Posted by Sales > 2021-04-01 14:48 | Report Abuse

Penny stock???

Posted by Starisborn > 2021-04-01 15:32 | Report Abuse

It cannot be such a coincidence...news on Kenneth Vun and then bad QR is out a few days later. I suspect they are collecting the shares at cheap price before something great to come.

Fintec

328 posts

Posted by Fintec > 2021-04-01 15:52 | Report Abuse

You here bec sold at 5.5-6 sen?

Kishin Sham Mahtani 720 million profit in 1 qtr become 62 million loss wonderful management of con company ....Busra sleeping all the time
31/03/2021 6:58 PM

Fintec

328 posts

Posted by Fintec > 2021-04-01 15:53 | Report Abuse

No Fintec why KPC here? Nothing to do?

Fintec

328 posts

Posted by Fintec > 2021-04-01 15:53 | Report Abuse

Who is trapped can volunteer find new MD(MR TAN SIK EEK) tel or e-mail I thank you.

Fintec

328 posts

Posted by Fintec > 2021-04-01 15:55 | Report Abuse

Tan Sik Eek also trap. Only some1 must advise to be smarter nobody can volunteer?

Fintec

328 posts

Posted by Fintec > 2021-04-01 15:58 | Report Abuse

Those trapped sure cannot promote or buy more not true? So how to recover your loss?

Fintec

328 posts

Posted by Fintec > 2021-04-01 16:00 | Report Abuse

Recovery, pineapple123 cut loss? Why today no post?

Fintec

328 posts

Posted by Fintec > 2021-04-01 16:01 | Report Abuse

I cannot remember all ids bec I own 30 counters with so many different people and ids. Pls come forward if you still have.

Jeffreyteck

4,247 posts

Posted by Jeffreyteck > 2021-04-01 16:50 | Report Abuse

No worry, wait till negative nta then price will up like aax. Lol. Management and bod can relax to enjoy cash from rights.

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