ASTUTE market observers would have noticed on the local bourse a group of individuals, supposedly acting in concert, who have amassed shares in more than 20 publicly traded companies. These companies — linked via shareholding and directorships — are often on the most actively traded list, with huge, fluctuating share prices. “It (the companies) is all linked to the same person; usually, the most actively traded list on a daily basis involves these counters,” one source says when asked which are the companies that are linked. However, research by The Edge (see chart on the 21 companies) indicates that while other businessmen have surfaced, the individual said to be in control of the group of companies is not officially onboard or present as a shareholder.
“This [his not surfacing] could be due to several issues,” another source adds. It is also telling that nine of the 21 companies mentioned — AT Systemization Bhd, MLabs Systems Bhd, Focus Dynamics Group Bhd, mTouche Technology Bhd, Fintec Global Bhd, XOX Bhd, M3Technologies (Asia) Bhd and NetX Holdings Bhd — have their principal place of business, head office, business office or corporate office in Menara Lien Hoe, near Tropicana Golf Country Resort in Petaling Jaya. On its website, Lambo Group Bhd states that its address is at Menara Lien Hoe, even though the address in its annual report is in Old Klang Road in Kuala Lumpur. In 2006, Lien Hoe Corp Bhd sold Lien Hoe Tower Sdn Bhd, which owns Menara Lien Hoe, to privately held E-Globalfocus Sdn Bhd for RM1 and the assumption of RM43 million in debts.
Meanwhile, E-Globalfocus was 68%-controlled by Cubes Innovative Sdn Bhd, a company 99%-controlled by Chuah Hock Soon. Chuah and businessman Datuk Kenneth Vun @ Vun Yun Lun were charged with four others in July 2014 for allegedly manipulating DVM Technology Bhd shares in March 2006. Vun has had several issues with the Securities Commission Malaysia and, in 2009, had to restitute RM2.496 million — being the amount of company funds that he had caused to be misused for his personal benefit, according to the regulator — to his then flagship FTEC Resources Bhd. Since FTEC — which morphed into Tecasia Bhd and later Mangotone Bhd — was delisted, Vun has had little direct presence in the market. However, Vun’s two sisters, Carol Vun On Nei and Grace Vun Siaw Nei, hold stakes of 3.64% and 0.67% respectively in Xidelang Holdings Ltd.
Fragmented shareholding While Fintec Global seems to be a prominent company at the centre of the maze, its shareholding is fragmented, with several blocks of shares parked under Sanston Financial Group Ltd. In several of the 21 companies on the list, Sanston Financial is present in the shareholding list. Other companies that surface as shareholders in these list of companies include Global Prime Partners Ltd and Cita Realiti Sdn Bhd, a private company wholly-owned by one Kamarudin Khalil. Other shareholders, albeit usually holding small stakes, among the 21 companies include Datuk Jacky Pang Chow Huat — who, apart from a 11.84% stake in Sanichi Technology Bhd — has small stakes in DGB Asia Bhd, Focus Dynamics, MNC Wireless Bhd and Xidelang. Pang is also a director in Sanichi Technology. Meanwhile, businessman Mak Siew Wei has 23.4% in AT Systemization, 17.07% in Green Ocean Corp Bhd and small stakes in Focus Dynamics and Xidelang. He is also a director at AT Systemization, Green Ocean and Saudee Group Bhd.
Datuk Eddie Chai Woon Chet recently acquired a 62.37% stake in restaurant operator Oversea Enterprise Bhd, and has a 6.71% shareholding in Anzo Holdings Bhd, where he is managing director and has a board position in M3Technologies (Asia). Another name frequently seen is Datuk Kua Khai Shyuan, who, besides a 5.9% stake in mTouche Technology, has small shareholdings in Focus Dynamics, PDZ Holdings Bhd and Sanichi Technology, and has board seats on Trive Property Bhd, DGB Asia and MNC Wireless. Former Umno treasurer and former Bank Simpanan Nasional Bhd chairman Datuk Abdul Azim Mohd Zabidi surfaces as a director in four of the companies — Fintec Global, DGB Asia, Anzo and XOX. Most of the companies are loss-making and small in terms of market capitalisation, with the exception of Focus Dynamics, which has a market value exceeding RM5 billion. Nevertheless, Focus Dynamics, which is involved in operating food and beverage outlets, seems to be the star performer, with its stock price hitting a multiple-year high of RM2.64 recently on Sept 17, despite mustering a meagre RM3.08 million in net profit from RM20.72 million in revenue for its six months ended June this year. Year to date, Focus Dynamics stock has gained about 400%.
Irrational exuberance Trading volume on most of the 21 companies is generally high, and many have .......
This is syndicate link penny stock counter. The syndicate are by design to eat all the newbies retailer money in time of covid.
How to make money if they are design to eat money.
It can never up when people not selling. if many not selling then it will never up. The syndicate want to make money and dont want lose money.
The syndicate also design to trap the newbies retailer in. The syndicate dont want they themselves got trap in high price while majority of retailer sell when up. They want you got trap not the syndicate got trap.
......scamer berlesen...... Dah mmg d jangka........ Semua maklumat mcm d susun atur begitu rupa.... Kah kah...., Guna cereka penglipurlara..... mari mari macam macam ada: Tokey dari hkong, dari usa dari semua dunia latang labut sini
Finally! The games is over, the announcements news is over & fake news is close, the price is drop, lastly the syndicate earn huge money & said to you BYE, BYE *************
Description ANZO HOLDINGS BERHAD ("ANZO" or "THE COMPANY") MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARISE THE FINANCIAL CONDITION OF THE COMPANY PURSUANT TO PARAGRAPH 8.03A OF THE BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTS ("MMLR")
We refer to our first announcement dated 11 October 2019 and subsequent anouncements dated 25 October 2019, 1 November 2019, 2 December 2019, 2 January 2020, 6 January 2020, 3 February 2020, 2 March 2020,1 April 2020, 2 April 2020, 4 May 2020, 1 June 2020, 1 July 2020, 3 August 2020 and 1 September 2020.
In compliance with the Company's obligations under the MMLR, the Board of Directors of Anzo wishes to inform that there is no material development on the status as previously announced.
Tumpuan pelzbur selepas tempoh 6 bulsn brrakhir islsh ke atas aktiviti short sell...,,, Wa ka ks..... Saham yg dah naik mencanak akan jadi tumpuan........ Wa ka ka
MULTIPLE PROPOSALS ANZO HOLDINGS BERHAD ("ANZO" OR THE "COMPANY") (I) SUPPLY AGREEMENT; (II) PROPOSED RATIFICATION; (III) PROPOSED DIVERSIFICATION; AND (IV) PROPOSED PRIVATE PLACEMENT (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") ANZO HOLDINGS BERHAD
Type Announcement Subject MULTIPLE PROPOSALS Description ANZO HOLDINGS BERHAD ("ANZO" OR THE "COMPANY") (I) SUPPLY AGREEMENT; (II) PROPOSED RATIFICATION; (III) PROPOSED DIVERSIFICATION; AND (IV) PROPOSED PRIVATE PLACEMENT (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") On behalf of the Board of Directors of Anzo (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following:
(i) proposed conditional supply agreement dated 5 October 2020 between Anzo Trading Sdn Bhd (a wholly-owned subsidiary of Anzo) (“Anzo Trading”) and CSTME Resources Sdn Bhd (“CSTME”) for the supply of birch/cliff copper scrap or berry/candy copper scrap as per the Institute of Scrap Recycling Industries’ (“ISRI”) specifications (“Products”) to CSTME (“Supply Agreement”);
(ii) proposed shareholders’ ratification of the related party transactions entered into with CSTME for the supply of the Products (“Proposed Ratification”);
(iii) proposed diversification of the existing business of Anzo and its subsidiaries (collectively, “Anzo Group” or the “Group”) to include trading of industrial materials and related business (“Proposed Diversification”); and
(iv) proposed private placement of up to 231,480,400 new ordinary shares in Anzo (“Anzo Shares” or the “Shares”) (“Placement Shares”), representing approximately 25% of the enlarged number of issued Anzo Shares (excluding treasury shares, if any) (“Proposed Private Placement”),
(collectively, referred to as the “Proposals”).
Please refer to the attachment for further details of the Proposals.
MULTIPLE PROPOSALS ANZO HOLDINGS BERHAD ("ANZO" OR THE "COMPANY") (I) SUPPLY AGREEMENT; (II) PROPOSED RATIFICATION; (III) PROPOSED DIVERSIFICATION; AND (IV) PROPOSED PRIVATE PLACEMENT (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") ANZO HOLDINGS BERHAD
Type Announcement Subject MULTIPLE PROPOSALS Description ANZO HOLDINGS BERHAD ("ANZO" OR THE "COMPANY")
(I) SUPPLY AGREEMENT;
(II) PROPOSED RATIFICATION;
(III) PROPOSED DIVERSIFICATION; AND
(IV) PROPOSED PRIVATE PLACEMENT
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") On behalf of the Board of Directors of Anzo (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following:
(i) proposed conditional supply agreement dated 5 October 2020 between Anzo Trading Sdn Bhd (a wholly-owned subsidiary of Anzo) (“Anzo Trading”) and CSTME Resources Sdn Bhd (“CSTME”) for the supply of birch/cliff copper scrap or berry/candy copper scrap as per the Institute of Scrap Recycling Industries’ (“ISRI”) specifications (“Products”) to CSTME (“Supply Agreement”);
(ii) proposed shareholders’ ratification of the related party transactions entered into with CSTME for the supply of the Products (“Proposed Ratification”);
(iii) proposed diversification of the existing business of Anzo and its subsidiaries (collectively, “Anzo Group” or the “Group”) to include trading of industrial materials and related business (“Proposed Diversification”); and
(iv) proposed private placement of up to 231,480,400 new ordinary shares in Anzo (“Anzo Shares” or the “Shares”) (“Placement Shares”), representing approximately 25% of the enlarged number of issued Anzo Shares (excluding treasury shares, if any) (“Proposed Private Placement”),
(collectively, referred to as the “Proposals”).
Please refer to the attachment for further details of the Proposals.
Anzo Holdings Berhad (36998-T)
Condensed Consolidated Statement of Comprehensive Income
For the period ended 31 July 2020
2020 2019 2020 2019
Current Qtr ended Current Qtr ended 12 months cummulative 12 months cummulative
31 Jul 31 Jul 31 Jul 31 Jul
(RM) (RM) (RM) (RM)
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
Revenue 20,026,219 1,720,989 35,562,672 6,217,659
Cost of sales (19,053,447) (1,661,466) (33,283,805) (6,066,716)
Gross profit /(loss) 972,772 59,523 2,278,867 150,943
Other income 121,056 121,742 495,175 431,133
Administrative expenses (1,029,340) (991,765) (3,977,508) (4,028,282)
Other Expenses (44,561) (6,272) (134,502) (39,525)
Finance Cost (5,050) (10,339) (33,611) (50,916)
Profit /(Loss) before taxation 14,877 (827,111) (1,371,579) (3,536,647)
Taxation 19,453 19,453 77,812 77,812
Profit /(Loss) for the period, representing 34,330 (807,658) (1,293,767) (3,458,835)
total comprehensive income for the period
Net profit/(loss) and total comprehensive
income for the financial period
Attributable to:
Equity holders of the parent 34,330 (807,658) (1,293,767) (3,458,835)
Profit/(Loss) per share attributable
to equity holders of the parent:
Basic (Sen) 0.00 (0.09) (0.15) (0.39)
Dilluted (Sen) 0.00 (0.09) (0.15) (0.39)
Notes:
1) The condensed consolidated income statements should be read in conjunction with the audited financial statements for the
year ended 31 July 2019 and the accompanying explanatory notes attached to the interim financial statements.
2) The Company has changed it financial year end from 31 July to 30 September as announced to Bursa Malaysia Securities Bhd
on 16 July 2020.
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....
Good123
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Posted by Good123 > 2020-09-25 09:33 | Report Abuse
take over offer for anzo if secure more contracts? Oversea receives takeover offer from Anzo MD Chai at 30 sen per share ...
6 Aug 2020 · KUALA LUMPUR (Aug 6): Oversea Enterprise Bhd (OEB), which owns and operates the Chinese restaurant chain under the name ..