(Excerpt from yesterday announcement) Various discussions were held between the parties to deliberate on the option of financial instruments to be used for purpose of raising the aforementioned funds. Of the options discussed, the parties had sought to opt for the possible issuance of Irredeemable Convertible Preference Shares (“ICPS”) in DNeX Semi amounting to RM100 million to be issued to and subscribed by MIMAS (“Proposed Investment”). The Proposed Investment forms the subscription exercise that was the subject of the Subscription Agreement dated 21 January 2022 entered between DNeX Semi, MIMAS and DNeX (“SSA”) by which MIMAS would become a 33.33% shareholder of DNeX Semi in return for a payment of RM100 million. The rights of the DNeX Semi and MIMAS as shareholders was to be regulated by the Shareholders Agreement dated 21 January 2022 entered between DNeX Semi, MIMAS and DNeX (“SHA”). ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The SSA and SHA were not publicly revealed, hoewever, DNex could be at the better stand, after all, the Notice of Arbitration was issued and served by DNex to MIMAS, not the other way round ..... my personal opinion is, DNex performs responsible manner to the dispute by seeking clarification on the Asian International Arbitration Centre Arbitration Rules ..... GCP /MIMAS is still their 40% partner, DNex wants to settle the dispute in good manner ......
Very surprised never seen Trevor777 barking at this right moment ! Where are u now ? Or u already sapu many cheap tickets at 45 sens n on same board with us ! U are too smart !
Damn!....it's only RM120M. Someone earlier in the year shouted that Dnex has nearly RM1 Billion at Bank.....so, what's the problem here??? Need to borrow even RM120 M????
Where did you go to school?? Cannot do the maths one????
Michael Kwok Mabel the Big meow,meow do u see i ask u to sell dnex.its really dive.its really big downward till 17/11/22 i see the news.dnex down big time. 18/11/2022 5:53 PM
Meow Michael. Fortunately, Mabel is not like Blondi still hanging like Monkeys at Hibi when people oledi locked profit at RM 1.30..
Yes lah..Now it's an opportunity to collect at a bargain price...
DNEX's logic is unfathomable. Deception knowing full well MITI or Malaysian govt wont cede control of Silterra. Just what were the fools in DNEX thinking by doing one over the Chinese partner.
Hu hu hu... mati la. The more you wait, the more pain you will suffer.
Underlying technicals hv been damaged big time.
The path is set for journey to the bottom:
0.72 => 0.57 => 0.67 => 0.57 => 0.455 => (you are here) => 0.56 => 0.455 => 0.35 => 0.45 => 0.35 => 0.25 => range bound hybernation 0.20 - 0.30 until hit by worldwide recession => 0.10.
A path to SEPULUH SEN ultimate bottom has been cast yesterday when it broke multiple parallel strong 18 month old supports in one go to hit limit down.
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....
Gaussian
3,054 posts
Posted by Gaussian > 2022-11-18 13:28 | Report Abuse
You know la China wants to control the world. Lol. They will by hook and by crook to take over good companies.