VELOCITY CAPITAL PARTNER BERHAD

KLSE (MYR): VELOCITY (7165)

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Last Price

0.06

Today's Change

0.00 (0.00%)

Day's Change

0.06 - 0.06

Trading Volume

156,000


18 people like this.

6,073 comment(s). Last comment by whistlebower99 3 days ago

cg14134

500 posts

Posted by cg14134 > 2021-03-18 17:05 | Report Abuse

Who in the right frame of mind would trade the warrants given the lofty 60sen ex. price and two weeks time to expiry? Huge traded vol for the last 2 days. Either they know something or they are plaid mad!

monreyes

892 posts

Posted by monreyes > 2021-03-18 18:10 | Report Abuse

just like ekovest b4

Uwais01

28 posts

Posted by Uwais01 > 2021-03-18 20:22 | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KTG BERHAD (FORMERLY KNOWN AS DWL RESOURCES BERHAD) ("KTG" OR "THE COMPANY") AND ITS SUBSIDIARIES ("KTG GROUP") - PROPOSED ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL IN LINE HAUL SDN BHD
KTG BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description KTG BERHAD (FORMERLY KNOWN AS DWL RESOURCES BERHAD) ("KTG" OR "THE COMPANY") AND ITS SUBSIDIARIES ("KTG GROUP") - PROPOSED ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL IN LINE HAUL SDN BHD
The Board of Directors of KTG (“Board”) wishes to announce that the Company had on 18 March 2021 entered into a shares sale agreement (“SSA”) with Line Clear Ventures Holdings Sdn Bhd (formerly known as Line Clear Logistics Holdings Sdn Bhd) (“LCVH” or “Vendor”) [Registration No. 202001016591 (1372911-K)] to undertake the proposed acquisition of 500,000 ordinary shares in Line Haul Sdn Bhd [Registration No. 201901042436 (1351766-K)] (“Line Haul”) (“Sale Shares”), representing the entire issued share capital in Line Haul, from the Vendor for a total cash consideration of RM3 million (“Purchase Consideration”) (“Proposed Acquisition”).

Please refer to the attached for further details.

This announcement is dated 18 March 2021.

monreyes

892 posts

Posted by monreyes > 2021-03-18 20:36 | Report Abuse

Line Clear is MMAG subsidiary

Uwais01

28 posts

Posted by Uwais01 > 2021-03-18 21:45 | Report Abuse

RATIONALE AND BENEFITS FOR THE PROPOSED ACQUISITION
The Proposed Acquisition will provide an initial avenue for KTG Group to venture into transportation
haulage and middle mile logistics business. The new business segment will further enhance KTG
Group’s prospects with the range of services provided, and capabilities possessed by Line Haul as it is
expected to diversify KTG Group’s revenue and earnings base.
The Proposed Acquisition is expected to contribute positively to the earnings and net assets of KTG
Group while reducing dependency on the Group’s existing businesses because Line Haul is an income
generating ready business and already in operation with its existing team of experienced manpower and
resources.
Through Line Haul’s strategic collaboration with LCEL in the last mile delivery segment in which LCEL
engages Line Haul as its haulage service provider and moving forward, Line Haul is still able expand
into sizeable customer base to include other heavy industries and logistics players and B2B customers
from various industries such as cold chain, furniture, machinery, equipment, construction materials.
KTG intends to expand its haulage and transportation services for the middle mile logistics segment. It
intends to adopt a freight sharing services business model for the logistics providers by applying the
pallet network concept. The pallet network concept comprises a hub facilitator which brings together
local haulage partners to be able to offer, often next-day, pick-up and delivery of goods by pallets. Goods
packaged in pallets form are consolidated with other onward shipment of pallets from suppliers in the
same area at the hub facilitator and merge with other pallets destined for same area delivery. This pallet
network concept would enable to increase the vehicle fill rates, reduce number of vehicles, and increase
productivity. In addition, the sharing of loads, heavy vehicles, trucks and facilities is expected to reduce

zzz1981

224 posts

Posted by zzz1981 > 2021-03-19 07:47 | Report Abuse

we can expect 40 to 50 sen range

Posted by Fat_Money_Fat > 2021-03-19 09:41 | Report Abuse

Lets meet at Bandar Iskandar Johor

Yakok

341 posts

Posted by Yakok > 2021-03-19 10:12 | Report Abuse

nxt monday LU

Yakok

341 posts

Posted by Yakok > 2021-03-19 10:13 | Report Abuse

then suspn

Yakok

341 posts

Posted by Yakok > 2021-03-19 10:13 | Report Abuse

posible?

abcb

2,979 posts

Posted by abcb > 2021-03-19 11:38 | Report Abuse

Patient will be rewarded !

abcb

2,979 posts

Posted by abcb > 2021-03-19 11:39 | Report Abuse

Going to fly very soon

abcb

2,979 posts

Posted by abcb > 2021-03-19 11:47 | Report Abuse

Are you ready?

zzz1981

224 posts

Posted by zzz1981 > 2021-03-19 11:52 | Report Abuse

im patient but how soon ?

abcb

2,979 posts

Posted by abcb > 2021-03-19 11:54 | Report Abuse

please mark my words, once in your life time to hit jacpot

cg14134

500 posts

Posted by cg14134 > 2021-03-19 11:55 | Report Abuse

Highway to heaven!

Arthur546

302 posts

Posted by Arthur546 > 2021-03-19 12:00 | Report Abuse

@abcb thanks for your positive view. kind to provide some hints?

abcb

2,979 posts

Posted by abcb > 2021-03-19 12:01 | Report Abuse

Yes ,you are right

abcb

2,979 posts

Posted by abcb > 2021-03-19 12:03 | Report Abuse

Sorry ,i couldn't tell the real story right now

Arthur546

302 posts

Posted by Arthur546 > 2021-03-19 12:07 | Report Abuse

understand. just hint hold till when is good enough

Posted by Twinklehahaha > 2021-03-19 13:08 | Report Abuse

@abcb u only hold ktg? do u hold mmag?

abcb

2,979 posts

Posted by abcb > 2021-03-19 13:19 | Report Abuse

We are focus on KTG at the moment

Posted by Twinklehahaha > 2021-03-19 13:37 | Report Abuse

ktg coming vry soon? then I should change mmag to ktg

Yakok

341 posts

Posted by Yakok > 2021-03-19 14:45 | Report Abuse

lai liao .29

abcb

2,979 posts

Posted by abcb > 2021-03-19 14:48 | Report Abuse

Just relax and have a nice weekend

Arthur546

302 posts

Posted by Arthur546 > 2021-03-19 14:48 | Report Abuse

@abcd TP? 0.50?

Yakok

341 posts

Posted by Yakok > 2021-03-19 14:56 | Report Abuse

Q 0.50

abcb

2,979 posts

Posted by abcb > 2021-03-19 15:00 | Report Abuse

Need to take time to reach 0.50
Stay Tunes!

Posted by Twinklehahaha > 2021-03-19 15:11 | Report Abuse

hopefully today can break 30sen

Arthur546

302 posts

Posted by Arthur546 > 2021-03-19 15:16 | Report Abuse

but always weak near closing

zzz1981

224 posts

Posted by zzz1981 > 2021-03-19 15:54 | Report Abuse

probably next week it will make its move to 35 sen.... what say you guys ?...based on charts got potential

Superb99

6,599 posts

Posted by Superb99 > 2021-03-19 16:11 | Report Abuse

heavy selling at 0.28 to 0.285, unlikely to break 0.3 today

Arthur546

302 posts

Posted by Arthur546 > 2021-03-19 16:16 | Report Abuse

if manage to stay at 0.285 consider good

Arthur546

302 posts

Posted by Arthur546 > 2021-03-19 16:17 | Report Abuse

why KTG wa still high volume?

Mar2083

861 posts

Posted by Mar2083 > 2021-03-19 16:20 | Report Abuse

May closing at 0.29

Arthur546

302 posts

Posted by Arthur546 > 2021-03-19 16:53 | Report Abuse

@Mar U r right. 0.290

Superb99

6,599 posts

Posted by Superb99 > 2021-03-19 17:02 | Report Abuse

nice closing on a red day...

Posted by Twinklehahaha > 2021-03-19 17:31 | Report Abuse

@abcb thank u...too bad I cut mmag to ktg end up mmag up also... hopefully can get good profit from ktg with no regret.. thanks and

Mar2083

861 posts

Posted by Mar2083 > 2021-03-19 18:11 | Report Abuse

Will hit above 30sen next week

Posted by investisthekey > 2021-03-20 00:46 | Report Abuse

Should be able to break 0.305 next week.. Go go go

cg14134

500 posts

Posted by cg14134 > 2021-03-20 17:21 | Report Abuse

We are at early stage. The way the stock had been punishing investors/traders over the last 1-2 years, many traders (I believe) could have been shaken out on slight pullback yesterday, we should try not to be one of them lol. Om....UP!!!!

Posted by Al Gambino > 2021-03-22 09:05 | Report Abuse

wow wow wow.. how much higher today?

Mar2083

861 posts

Posted by Mar2083 > 2021-03-22 09:11 | Report Abuse

32sen now
Go further.....

Arthur546

302 posts

Posted by Arthur546 > 2021-03-22 09:15 | Report Abuse

price need to refer to abcd

HuatAh8809

355 posts

Posted by HuatAh8809 > 2021-03-22 11:30 | Report Abuse

New owner, will launch take over offer..

Take over price ard 55 sen

cg14134

500 posts

Posted by cg14134 > 2021-03-22 11:35 | Report Abuse

Like that ho seh liao! Huat ko your source chun or not?

abcb

2,979 posts

Posted by abcb > 2021-03-22 11:36 | Report Abuse

Just relax at the moment

cg14134

500 posts

Posted by cg14134 > 2021-03-22 11:37 | Report Abuse

Om...good advice

HuatAh8809

355 posts

Posted by HuatAh8809 > 2021-03-22 13:06 | Report Abuse

Only smart people see the chance

Posted by Twinklehahaha > 2021-03-22 13:11 | Report Abuse

@abcb mmag related with ktg Right? mmag move also

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