TECHNA-X BERHAD

KLSE (MYR): TECHNAX (2739)

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Last Price

0.09

Today's Change

-0.005 (5.26%)

Day's Change

0.09 - 0.09

Trading Volume

7,700


10 people like this.

24,266 comment(s). Last comment by khpwwl 3 weeks ago

eyeHunter

303 posts

Posted by eyeHunter > 2020-12-24 01:07 | Report Abuse

Target price 0.24

FutureGains

10,714 posts

Posted by FutureGains > 2020-12-24 01:36 | Report Abuse

.42

bowls

131 posts

Posted by bowls > 2020-12-24 07:17 | Report Abuse

the coke price was as high as what it's now before, but it didn't boost HUAAN stock price and profits then, so don't think the company's share price/profits are in accordance with the trend of coke price

Posted by Coolmansee > 2020-12-24 10:33 | Report Abuse

Don't hope conman company can let you earn money.

Jackkin

235 posts

Posted by Jackkin > 2020-12-24 11:51 | Report Abuse

Dompeilee has disappeared, he/she has no face to come here to talk cxxk anymore..

dompeilee

11,888 posts

Posted by dompeilee > 2020-12-24 13:35 | Report Abuse

Jackkin Don't worry, tomorrow my group of investors will buy in 100 million more units, there is not a damn thing u can do about it Dompeilee..
21/12/2020 5:10 PM

HAHAHAH!!! I've achieved my objective : Jailed Lim & his syndicates failed to unload at a HIGH price thanks to my ample warnings here....

UNmerry X'mas, dirty share placement scoundrels! =))

dompeilee

11,888 posts

Posted by dompeilee > 2020-12-24 13:46 | Report Abuse

I on the other hand, am celebrating a very SATISFYING X'mas knowing that I saved some naive greenhorns from being scalped by unscrupulous cheats...now that I've done my work, I bow out from this thread with joy & fulfilment =) Oh yea, thanks for helping unload my 55 lots stuck @ 15.4c since 2019 for a PROFIT =)

BYE, Attilan jerks! =)

petester

115 posts

Posted by petester > 2020-12-24 14:19 | Report Abuse

Lol

Posted by Coolmansee > 2020-12-24 15:30 | Report Abuse

The conman upcoming bankrupt company to be 0.01 too much people loose money watch out sold all now better.

ID007

603 posts

Posted by ID007 > 2020-12-24 17:56 | Report Abuse

:(

Slumberjer

161 posts

Posted by Slumberjer > 2020-12-24 17:58 | Report Abuse

Collecting for second wave. We’ll see next week

adamdacutie

1,456 posts

Posted by adamdacutie > 2020-12-24 18:07 | Report Abuse

Lol

eyeHunter

303 posts

Posted by eyeHunter > 2020-12-24 18:31 | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)

TECHNA-X BERHAD (FORMERLY KNOWN AS SINO HUA-AN INTERNATIONAL BERHAD) ("TXB") -

SHARE TRANSFER AGREEMENT BETWEEN TXB AND CHASWOOD RESOURCES SDN. BHD. FOR THE

PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN CHASWOOD RESTAURANT

MANAGEMENT (BEIJING) CO., LTD.

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

24/12/2020 01:31 PM

eyeHunter

303 posts

Posted by eyeHunter > 2020-12-24 18:32 | Report Abuse

MEMORANDUM OF UNDERSTANDING
MEMORANDUM OF UNDERSTANDING

TECHNA-X BERHAD (FORMERLY KNOWN AS SINO HUA-AN INTERNATIONAL BERHAD) ("TXB") -

UPDATE ON THE MEMORANDUM OF UNDERSTANDING BETWEEN TOUCHPOINT INTERNATIONAL SDN.

BHD., A WHOLLY-OWNED SUBSIDIARY OF TXB AND COUNTRY HEIGHTS HOLDINGS BERHAD

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

24/12/2020 05:43 PM

ID007

603 posts

Posted by ID007 > 2020-12-24 18:46 | Report Abuse

Always give us heart attack

123456

532 posts

Posted by 123456 > 2020-12-24 18:52 | Report Abuse

Looks like a lot of news coming in 。。。。。

eyeHunter

303 posts

Posted by eyeHunter > 2020-12-24 19:03 | Report Abuse

Capitalised terms used in this announcement shall have the same meanings as those used in the announcement dated 26 October 2020, unless otherwise stated)



Reference is made to TXB’s earlier announcement made on 26 October 2020 in relation to the above subject matter.



The Board of Directors of TXB wishes to announce that the Parties had on 24 December 2020 mutually agreed to extend the timeline for the execution of the Formal Agreement(s) as stated in the clause 3.1 of the MoU to 25 February 2021.



This announcement is dated 24 December 2020

Posted by PennyStock123 > 2020-12-24 19:09 | Report Abuse

Dont believe all this....the only way its going to go is down....Sell & Run!!!!!!!

eyeHunter

303 posts

Posted by eyeHunter > 2020-12-24 19:14 | Report Abuse

PROSPECTS OF THE TARGET COMPANY
The food and beverage industry in China’s fast-growing economy is projected to
bring about an overall revenue size of US$152,445m in 2020. With an annual
growth rate (CAGR 2020-2025) of 9.9%, this industry is expected to generate a
projected market size of US$244,055m by 2025. To capitalise on such a
tremendous market growth potential, TXB plans to open several new outlets within
the next three (3) years in China, which shall amongst others, include three (3)
new TGI Fridays in Beijing as well as ten (10) Teh Tarik Place in various locations

eyeHunter

303 posts

Posted by eyeHunter > 2020-12-24 19:45 | Report Abuse

DETAILS OF THE SHARE TRANSFER
The Share Transfer entails the transfer of the entire registered capital of USD8.8 million (“Shares”) in the Target Company representing the entire equity interest
in the Target Company from the VendortoTXB for the Transfer Price in accordance
with the terms and conditions of the STA.
Upon completion of the Share Transfer, the Target Company will be come a wholly-owned subsidiary of TXB.
2.1 Information of Vendor
The Vendor is a private limited company incorporated in Malaysia
on 21 February 2002.The Vendor is principally engagedi n
developing and operating restaurant businesses and investment
holding.
As at 23 December 2020, being the latest practicable date prior to
this announcement (“LPD”),the Vendor has an issued share capital
of RM3,000,000 comprising of 3,000,000 ordinary shares.
As at LPD ,the directors and shareholders of the Vendor and their
respective share holdings in the Vendor are as follows:
Name
No. of Ordinary
Shares
% of Issued
Share Capital
Directors
Ng Teck Wah
-
Chin Yong Fong
-
Shareholder
Tremendous Asia
ManagementInc
3,000,000
100%

Narialse

131 posts

Posted by Narialse > 2020-12-24 20:12 | Report Abuse

This is actually quite disgusting. They goreng and use private placement to raise funds to bail out Jared Lim by buying his company.

Narialse

131 posts

Posted by Narialse > 2020-12-24 20:17 | Report Abuse

Chaswood is owned by tremendous Asia who's managing partner is none other than Jared Lim.

adamdacutie

1,456 posts

Posted by adamdacutie > 2020-12-24 21:02 | Report Abuse

How bout chhb

ID007

603 posts

Posted by ID007 > 2020-12-24 21:12 | Report Abuse

when pang go supermax. supermax down liao

williamtkb

3,216 posts

Posted by williamtkb > 2020-12-24 22:31 | Report Abuse

Can pang go public bank and Maybank? Then down for us to collect more lower price. Haha

eyeHunter

303 posts

Posted by eyeHunter > 2020-12-25 14:03 | Report Abuse

A blessed Christmas to you ❤️ wishing you a wonderful season that represents Hope, Faith, Joy & Love and most of all... reminding us of the time when the whole world stood still to witness the miracle of the birth of a child.

dompeilee

11,888 posts

Posted by dompeilee > 2020-12-26 08:26 | Report Abuse

This cipalak co. wants to buy CHASWOOD? This is Chaswood:

Sg Biz Times(3 July 2019)

Chaswood Resources' independent auditor issues disclaimer of opinion
MOORE Stephens, the independent auditor of Chaswood Resources Holdings, has issued a disclaimer of opinion on the group's financial statements for the financial year ended Dec 31, 2018.

It said it did not have sufficient appropriate evidence to provide a basis for an audit opinion on the financial statements.

Moore Stephens said that Chaswood's management had prepared the financial statements on the assumption that the group will continue as a going concern - this is because the directors believe they can carry out a restructuring exercise.

However, the auditor highlighted that the ability of the group to continue as a going concern is dependent on certain assumptions and the successful outcome of the various efforts by the group, of which the outcome is inherently uncertain.

It also highlighted that the group's subsidiaries are facing various legal proceedings brought against them, and that Chaswood has also received a statutory demand for payment of S$3 million relating to a corporate guarantee provided for redeemable exchangeable bonds issued by a subsidiary.

"These conditions indicate the existence of material uncertainties which may cast significant doubt on the ability of the group and Chaswood to continue as going concerns and to realise their assets and discharge their liabilities in the ordinary course of business," Moore Stephens added.

"In light of the material uncertainties, we do not have sufficient audit evidence regarding the use of the going concern assumption in the preparation of the financial statements."

The auditor also said that it was unable to obtain sufficient financial information relating to the liabilities of Chaswood Resources Sdn Bhd (CRSB) as replies to confirmation requests from certain creditors are outstanding. In addition, it was unable to obtain sufficient documentary evidence concerning the status of CRSB Group's litigation matters.

As it was unable to obtain sufficient appropriate audit evidence on assets and liabilities directly associated with CRSB as well as the loss for the year from discontinued operations, it was unable to determine whether any adjustments and/or additional disclosures to thefinancial statements were necessary.

Commenting on the appropriateness of the going concern assumption, Chaswood's board of directors believe that the group will be able to continue as a going concern with sufficient working capital for the next 12 months if it can complete the restructuring exercise. The restructuring involves a scheme of arrangement in Malaysia with its creditors, the proposed disposal of CRSB, the proposed disposal of CRSB's TGI Friday's business in Malaysia and Teh Tarik Place business, the proposed issuance of redeemable convertible notes due 2021 for a principal amount of up to S$50 million as well as a proposed scheme of arrangement with its Singapore creditors.

Trading in the company's shares has been suspended since June 18 last year.

In a separate filing to the Singapore Exchange (SGX) on Wednesday, Chaswood said that the SGX had approved a time extension to submit its resumption proposal to resume trading to June 16, 2020.

dompeilee

11,888 posts

Posted by dompeilee > 2020-12-26 08:35 | Report Abuse

X-posed...X-posed...X-POSED!!! Merry X'mas!!! Bye again...=)

eyeHunter

303 posts

Posted by eyeHunter > 2020-12-26 12:09 | Report Abuse

Who is the chairman of this stock?

Jackkin

235 posts

Posted by Jackkin > 2020-12-27 12:49 | Report Abuse

Dompeilee, u are damn good in copy and paste...

awesome20

1,198 posts

Posted by awesome20 > 2020-12-27 14:30 | Report Abuse

back to 0.110 again?

eyeHunter

303 posts

Posted by eyeHunter > 2020-12-27 14:42 | Report Abuse

Should have disposed it at 0.140-0.145 and buy M&G at 0.145 while there was still a chance. . Aiaa

Posted by PennyStock123 > 2020-12-28 09:19 | Report Abuse

Dont believe anything that promotes this Techna-X company!!!!!....the only way its going to go is down....Sell & Run!!!!!!!

Posted by proacez2000 > 2020-12-28 10:36 | Report Abuse

switch to AEM...stock very very oversold...stohastic oversold...

rr88

6,532 posts

Posted by rr88 > 2020-12-28 10:39 | Report Abuse

This is capacitors, electric batteries & aerospace. A coke business will be completely sold in a few more months. A major transformation from coke to technology. A once in a lifetime opportunity to buy a technology company under 20 cents. Buy & keep under mattress for a few years.

DonLee

503 posts

Posted by DonLee > 2020-12-28 11:27 | Report Abuse

sold the coke good biz then acquire the going on concern company chawood...

diu nia sing. this cibai CEO

SoftaPure

63 posts

Posted by SoftaPure > 2020-12-28 13:19 | Report Abuse

sell sell sell! pang will sapu all ur outstanding stock

SoftaPure

63 posts

Posted by SoftaPure > 2020-12-28 13:20 | Report Abuse

is my lift coming? i'm at ground floor 0.0100

Narialse

131 posts

Posted by Narialse > 2020-12-28 14:40 | Report Abuse

Pang sudah cut loss and lari la.

KT197

65 posts

Posted by KT197 > 2020-12-28 14:52 | Report Abuse

无底洞

kabukiman

324 posts

Posted by kabukiman > 2020-12-28 16:45 | Report Abuse

kasi lem-pang sajalah

Avantador

201 posts

Posted by Avantador > 2020-12-28 17:07 | Report Abuse

Look back and remember those names that aggressively promoted the stock as the price drifts lower and lower, before they suddenly disappear. They might be selling their own positions as they ask other people to buy. Do your own research to trade. Don't simply follow comments in forums.

Narialse

131 posts

Posted by Narialse > 2020-12-28 18:43 | Report Abuse

Adam, chhb is owned by Jared Lim's father in law, if not wrong, the father in law retired liao leaving Jared in charge.

ID007

603 posts

Posted by ID007 > 2020-12-28 18:49 | Report Abuse

what is the support line :(

monreyes

892 posts

Posted by monreyes > 2020-12-28 19:47 | Report Abuse

they already owned chaswood malaysia

Narialse

131 posts

Posted by Narialse > 2020-12-28 20:05 | Report Abuse

There might be a second round of goreng for the second placement but who knows how low the price will go before they set the placement price and how high they will goreng the second round.

xjteh

192 posts

Posted by xjteh > 2020-12-28 22:06 | Report Abuse

After hitting the FB(1.618)-0.215, retracement began. Just start to collect around FB(0.618)-0.135. Next TP: 0.285

Stonecold

289 posts

Posted by Stonecold > 2020-12-29 09:27 | Report Abuse

come come pump back technax

bowls

131 posts

Posted by bowls > 2020-12-29 09:38 | Report Abuse

@Narialse, where did you get the news that they are doing another PP?

Narialse

131 posts

Posted by Narialse > 2020-12-29 09:48 | Report Abuse

@bowls, see the announcement dated 21st December:
Stock [TECHNAX]: TECHNA-X BERHAD
Announcement Date 21-Dec-2020
Listing Date 22-Dec-2020
New type/class? No
Type Private Placement
Details Private placement of up to 236,461,500 new ordinary shares representing approximately 20% of Company's total number of issued shares to independent third party investor(s)
No. of shares issued 100,000,000
Issue Price Malaysian Ringgit (MYR) 0.110
Par Value - 0.000
Total NOSH 1,537,951,697

Placement of up to 236 million shares, but they only placed 100 million, so there's another 136 million to be placed.

But there is probably more coming. Refer to EGM from September 2019 where they passed this proposal:
ISSUANCE OF REDEEMABLE CONVERTIBLE NOTES (“NOTES”) WITH AN
AGGREGATE PRINCIPAL AMOUNT OF UP TO RM150 MILLION

150 million at 15sen a share is 1 billion shares or almost double the current NOSH.

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