@JamalHussien can you provide the source that Infineon is the one selected? I am reading the NIMP2030 document and on page 44 Figure 3.2 Overall NIMP 2030 Framework it is only stated on Mission 1, 1.1.2 " Attract global leader to establish wafer fabrication in Malaysia" and also MBP1.2 Attract new advanced wafer fabrication in Malaysia
also at page 71 it is also stated "To further support the realisation of this, the Government looks to assess and collaborate with existing local companies in Malaysia's semiconductor industry. By identifying companies with existing capabilities, the Government can work with them to expand their operations and establish mid-tier wafer fabrication facilities locally."
Ninja..Not sure what you where looking at but I am on the live trading platform and that was 15 Mill units the first 5 Minuts..Compared to normal trading for DNEX it is alot...:-)
Good news for Dnex, wafer price has started to move up from the bottom, the situation will be better after October, oil price will break $90, all going in the positive direction, it's good for Dnex's revenue! (No trading advice, make your own judgement)
Why....DAGANG NeXCHANGE BERHAD ("DNeX" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF DNeX ("PROPOSED PRIVATE PLACEMENT")...
According to their proposal doc they are valuing it at possible 0.4150. This will be rock bottom price (look at the charts). Not very smart. Why do this exercise at this level if you need the money.
The company will still go down with 133 Million in value and that will reflect on the share price regardless if there is a private placement investor or own funding. The positive on the private placement is that they can bring in a partner with great knowledge of the oil and gas that doesn't trade the share as many small investors do. It can create more stability to have large investors own the company. DNEX does not have many so it's a very volatile share. Looking short term it sucks but hopefully, the value will go up once it starts operation and the income begins to come in.
The incompetent current management team has to be removed for multiple failures at the expense of you all, while they continue to earn an undeserved high salary.
I think the root cause of the problem is in the management! Somebody should come up with suggestion to remove ALL incompetent Directors and reduce the present Management's salary by 30% to make the company leaner and in better health to run.
Posted by JamalHussien > 10 minutes ago | Report Abuse Dear all retail shareholders,
The incompetent current management team has to be removed for multiple failures at the expense of you all, while they continue to earn an undeserved high salary.
Another Serbadk in the making. The chairman and Directors are exploiting the minority shareholders for their own benefits. Private placement of shares at o. 415 when the shares priced is more than 0.45. Who are the lucky shit allowed to buy at such a low prices. The question is why not go for right issues where all existing shareholders will benefits. Something fishy going on behind the scenes.
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....
JamalHussien
175 posts
Posted by JamalHussien > 2023-09-03 15:35 | Report Abuse
Despite all of the above, some Non Executive Director can smile and wave and do nothing but act serious at AGM2022 as posted by her on Facebook