Posted by Victor Yong > 2020-12-02 22:55 | Report Abuse

Good move to partner oversea restaurants. They have announced to raise funds for expansion too :)


XOX, AntChain offer product traceability in supply chain

Tuesday, September 29th, 2020 at , Business | News

XOX and AntChain are planning to introduce Creator ID under the partnership

by ASILA JALIL / pic by RAZAK GHAZALI

XOX Bhd has partnered AntChain to provide greater product traceability and information transparency on a supply chain through a Web and mobile application platform, TraX, for a local Chinese restaurant group, Oversea Enterprise Bhd.

TraX is developed by XOX and powered by AntChain Traceability-as-a-Service (TaaS) which is a blockchain-based traceability solution combined with the Internet of Things technologies to enable trust, increase efficiency and provide end-to-end transparency on information along the supply chain.

Head of AntChain International Business Kenny Tan said there are abundant opportunities for adoption and development of the blockchain solution in Malaysia, as it assists enterprises in their digital transformation journey.


Blockchain is rarely used in small and medium enterprises (SMEs) for purposes such as food traceability or digital content and XOX is positive there will be a high take-up rate for the digital solution in the country.

“A lot of people did not use cloud technology, but this Covid-19 pandemic has led everyone to have a totally different view of the new normal. Digital transformation is key.

“For us, the key thing is to help SMEs and ensure they understand what solutions will help them,” he told The Malaysian Reserve after the partnership launch in

Kuala Lumpur yesterday. The partnership is AntChain’s first strategic partnership signed outside of China. Tan said the group has been engaging with other industries in the region to see if the blockchain solutions can be implemented beyond the food and beverage (F&B) industry.

“In China, AntChain has more than 50 blockchain commercial applications and use cases. The market still needs some time and we will educate them on the matter,” he added.



Since the launch of AntChain in 2016, the company has pioneered over 50 use cases including supply chain finance, cross border remittance, charitable donations and product provenience.

Oversea Enterprise has adopted TraX to trace its moon cake products which will enable customers to access product information including key ingredients, manufacturing and expiry dates, and halal certification by scanning the QR code on the product’s packaging using the application.

It is also the first local SME to adopt AntChain TaaS in South-East Asia.

The group’s deputy GM Soh Jin Yiat said the product tracing will provide information on the origin of raw materials in the future.

“As a player in the F&B sector, food safety is the topmost priority for us. The blockchain technology such as AntChain TaaS is part of our commitment to consumers and our continuous efforts in enhancing information traceability and transparency on our supply chain.

“We believe it will help us combat counterfeit products in the market and further strengthen brand trust,” he said during the event.

XOX CEO Ng Kok Heng (picture) said the partnership also plans to develop more customised solutions on the TraX platform for businesses of different sizes, as well as for the pharmaceutical sector.

“We are talking to many partners. We do not have anything solid yet to announce today but other sectors also include logistics. We have many potential partners in our consortium,” said Ng.

XOX and AntChain are planning to introduce Creator ID under the partnership, built on AntChain Digital Asset solution that will enable digitalisation of real assets on blockchain such as copyright, cultural art, among others.

This is expected to lead to a more efficient transfer and utility of assets in online and offline scenarios.

Posted by Victor Yong > 2020-12-02 22:57 | Report Abuse

As oversea restaurants expand, they will use more xox Services , already started using as reported :)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 48,503,000 NEW ORDINARY SHARES IN OVERSEA, REPRESENTING UP TO APPROXIMATELY 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF OVERSEA (EXCLUDING TREASURY SHARES), TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER

OVERSEA ENTERPRISE BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 48,503,000 NEW ORDINARY SHARES IN OVERSEA, REPRESENTING UP TO APPROXIMATELY 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF OVERSEA (EXCLUDING TREASURY SHARES), TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 12 November 2020 in relation to the Proposed Private Placement (“First Announcement”), where applicable, unless stated otherwise or defined herein.)



Reference is made to the announcements dated 12 November 2020, 13 November 2020 and 20 November 2020 in relation to the Proposed Private Placement.



On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities has, vide its letter dated 20 November 2020, approved the listing and quotation of up to 48,503,000 new Oversea Shares to be issued pursuant to the Proposed Private Placement subject to the following:-



(i) Oversea and Mercury Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposed Private Placement;



(ii) Oversea and Mercury Securities to inform Bursa Securities upon the completion of the Proposed Private Placement;



(iii) Oversea to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed; and



(iv) Mercury Securities to furnish Bursa Securities with details of the places as per Rule 6.16 of the Listing Requirements for review, prior to the issuance / allotment of the Placement Shares.





This announcement is dated 20 November 2020.

Posted by Victor Yong > 2020-12-02 23:19 | Report Abuse

GENERAL MEETINGS: Notice of Meeting

XOX BHD

Type of Meeting Extraordinary
Indicator Notice of Meeting
Description Notice of Extraordinary General Meeting ("EGM")

The EGM will be conducted fully virtual at the Broadcast Venue, the members are advised to refer to the Administrative Guide on the registration and voting process for the said meeting.
Date of Meeting 10 Dec 2020
Time 11:00 AM

Venue(s) Broadcast Venue at Lot 8.1, 8th Floor, Menara Lien Hoe
No. 8 Persiaran Tropicana
Tropicana Golf & Country Resort
47410 Petaling Jaya, Selangor
Malaysia

Date of General Meeting Record of Depositors 03 Dec 2020

Resolutions


1. ORDINARY RESOLUTION

Description PROPOSED BONUS ISSUE OF FREE WARRANTS IN XOX ("WARRANTS C") ON THE BASIS OF 3 WARRANTS C FOR EVERY 8 EXISTING ORDINARY SHARES IN XOX ("XOX SHARES" OR "SHARES") HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED BONUS ISSUE OF WARRANTS")
Shareholder’s Action For Voting



Please refer attachment below.

Attachments

XOX - Notice of EGM.pdf
141.9 kB


Announcement Info
Company Name XOX BHD
Stock Name XOX
Date Announced 24 Nov 2020
Category General Meeting
Reference Number GMA-23112020-00030
Corporate Action ID

Posted by Victor Yong > 2020-12-02 23:48 | Report Abuse

Full Name XOX BHD
Symbol & Code XOX (0165)
Board ACE
Shariah Compliant
Sector Telecommunications & Media
Sub-Sector Telecommunications Service Providers
Contact

Posted by Victor Yong > 2020-12-02 23:50 | Report Abuse

XOX Financial Information

Market Capital (RM) 346.50m
Number of Share 3.300b
NTA (RM) 0.085
P/B Ratio 1.24

Posted by Victor Yong > 2020-12-02 23:53 | Report Abuse

XOX Shareholding Changes

Date of change Shares Director/
Substantial Shareholder
20 Oct 2020 Acquired
6,000,000 Key Alliance Group Berhad
15 Oct 2020 Acquired
3,000,000 Key Alliance Group Berhad
14 Oct 2020 Acquired
30,000,000 Key Alliance Group Berhad
01 Oct 2020 Acquired
30,000,000 Datuk Chai Woon Chet
27 Aug 2020 Acquired
30,000,000 Datuk Chai Woon Chet
12 Aug 2020 Acquired
3,000,000 Mr Tam Ping Kuen, Daniel
12 Aug 2020 Acquired
3,000,000 Datuk Chai Woon Chet
11 Aug 2020 Acquired
10,000,000 Mr Tam Ping Kuen, Daniel
10 Aug 2020 Acquired
7,000,000 Datuk Chai Woon Chet
07 Aug 2020 Acquired
4,100,000 Datuk Chai Woon Chet
07 Aug 2020 Acquired
30,000,000 Mr Tam Ping Kuen, Daniel
28 Jul 2020 Other
248,600,000 Key Alliance Group Berhad
23 Jul 2020 Acquired
20,000,000 Mr Tam Ping Kuen, Daniel
22 Jul 2020 Acquired
120,000,000 Mr Tam Ping Kuen, Daniel
24 Oct 2018 Acquired
99,300,000 Key Alliance Group Berhad

Posted by Victor Yong > 2020-12-02 23:56 | Report Abuse

XOX buys 16.37% stake in Nexion Technologies for RM23mil
Bernama
/
Bernama

October 15, 2020 00:44 am +08

-A+A
KUALA LUMPUR (Oct 14): XOX Bhd, through its wholly-owned subsidiary, XOX (Hong Kong) Limited has acquired 117,848,500 ordinary shares in Nexion Technologies Limited (Nexion), representing 16.37% of the company’s issued and paid-up share capital, for RM23 million.

In a filing with Bursa Malaysia, XOX said the acquisition was acquired today via delivery by transfer.

“The aggregate cost of investment of XOX in Nexion, within the period of 12 months immediately preceding from Oct 14, 2020, was RM23,183,138.

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“The cash consideration of RM23,183,138 for the acquisition was based on the prevailing market price of Nexion at the time of purchase and funded via internally-generated funds,” it said.

The acquisition would benefit XOX in increasing its capability to secure the network, addressing cybersecurity challenges, and generate new revenue streams by reselling Nexion products to XOX’s customer.

Nexion, an information and communication technology solution provider, is listed on the Hong Kong Stock Exchange GEM Board, focusing on the provision of cyberinfrastructure and cybersecurity solutions in Southeast Asia through Software as a Service (SaaS) model.

Meanwhile, XOX Bhd group chief executive officer Ng Kok Heng said the acquisition is in line with the group’s direction to go into micro-financing, blockchain technology and content-based assets.

“It would also potentially allow us to have a pricing advantage over competitor products, and Nexion allows us to spearhead the international growth of XOX,” he added.

Posted by Moneymore > 2020-12-03 00:12 | Report Abuse

Still have 450,000,000 PP to complete until Jan-2021

Posted by bri4n_Loo > 2020-12-03 00:29 | Report Abuse

Thanks Victor for repeating the same old news. The more u recycle, the risky it is.
So many news and the price keep on dropping...
https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge

Posted by tiknuhc > 2020-12-03 00:50 | Report Abuse

share price already so low. can buy ah xox?

Posted by halooo > 2020-12-03 01:09 | Report Abuse

Wow now we have Mr. Old News

Posted by Victor Yong > 2020-12-03 06:06 | Report Abuse

RI price was 20sen per share in 2016 :)

RENOUNCEABLE RIGHTS ISSUE OF UP TO 356,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN XOX BHD ("XOX") ("XOX SHARES" OR "SHARES") ("RIGHTS SHARES") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING XOX SHARE HELD AS AT 5.00 P.M. ON 18 JANUARY 2016 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.20 PER RIGHTS SHARE, TOGETHER WITH UP TO 356,000,000 FREE DETACHABLE NEW WARRANTS (WARRANTS) ON THE BASIS OF ONE (1) WARRANT FOR EVERY ONE (1) RIGHTS SHARE SUBSCRIBED BY THE ENTITLED SHAREHOLDERS ("RIGHTS ISSUE OF SHARES WITH WARRANTS")

Posted by Victor Yong > 2020-12-03 06:09 | Report Abuse

Share consolidation dah buat in 2015 :)


Share consolidate 1 : 2
Announcement Date 02 Nov 2015
EX-Date 13 Nov 2015
Entitlement Date 17 Nov 2015
Transfer Date 17 Nov 2015

Entitlement date to determine the shareholders of XOX Bhd ("XOX" or the "Company") who will be subjected to the consolidation of two (2) ordinary shares in XOX of RM0.05 each into one (1) new ordinary share in XOX of RM0.10 each ("Share Consolidation")

Posted by Victor Yong > 2020-12-03 06:13 | Report Abuse

Extremely Interesting till dec 10 probably :)

XOX has proposed to undertake a bonus issue of up to 1.34 billion free warrants on the basis of three warrants for every eight shares held on an entitlement date to be announced later.

Type of Meeting Extraordinary
Indicator Notice of Meeting
Description Notice of Extraordinary General Meeting ("EGM")

The EGM will be conducted fully virtual at the Broadcast Venue, the members are advised to refer to the Administrative Guide on the registration and voting process for the said meeting.
Date of Meeting 10 Dec 2020
Time 11:00 AM

Posted by Victor Yong > 2020-12-03 06:46 | Report Abuse

Data Updated at02 Dec 2020 -

XOX TOP 10 INVESTORS (AS OF LATEST FILING)
INVESTOR NAME % O/S POSITION (M Shares) POSITION CHG (M) VALUE(M USD) FILING DATE FILING SOURCE

Key Alliance Group Bhd 12.40 386.90 39.00 9.32 20-Oct-2020 Other Substantial/Declarable
Tam (Ping Kuen Daniel) 5.87 183.00 183.00 11.43 12-Aug-2020 Other Substantial/Declarable
Chai (Woon Chet) 5.86 182.83 30.00 4.40 01-Oct-2020 Other Substantial/Declarable
Choo (Wai Kit) 0.61 18.90 10.80 0.18 31-Dec-2019 Other Substantial/Declarable
Ng (Kok Heng) 0.55 17.24 0.00 0.17 31-Dec-2019 Malaysia Insider
Choong (Kean Leang) 0.55 17.21 17.21 0.17 31-Dec-2019 Other Substantial/Declarable
Wong (Ah Yong) 0.48 14.90 1.70 0.15 31-Dec-2019 Other Substantial/Declarable
Mara Incorporated Sdn Bhd 0.37 11.56 0.00 0.11 31-Dec-2019 Other Substantial/Declarable
Sim (Kian Seng) 0.29 9.00 0.00 0.09 31-Dec-2019 Other Substantial/Declarable
Cheong (Ho Leng) 0.28 8.64

Posted by Victor Yong > 2020-12-03 06:54 | Report Abuse

Tech companies like to buy/sell, :)

Facebook on Monday announced the acquisition of Kustomer, a customer relationship management start-up.

The deal was valued at a little more than $1 billion, according to a person familiar with the matter.

Posted by Victor Yong > 2020-12-03 07:01 | Report Abuse

Xox Bhd & xox Hk (combined), the largest shareholder of m3 tech :)

Data Updated at 2 Dec 2020 - 18:45 PM

TOP 10 INVESTORS (AS OF LATEST FILING)
INVESTOR NAME % O/S POSITION (M Shares) POSITION CHG (M) VALUE(M USD) FILING DATE FILING SOURCE

DGB Networks Sdn. Bhd. 9.05 58.43 0.00 0.96 22-Jun-2020 Other Substantial/Declarable
Lim (Seng Boon) 8.85 57.11 0.00 0.93 22-Jun-2020 Malaysia Insider
XOX (Hong Kong) Limited 6.25 40.33 40.33 1.36 10-Aug-2020 Other Substantial/Declarable
XOX Bhd 4.97 32.05 0.00 1.08 10-Aug-2020 Other Substantial/Declarable
GV Asia Fund Ltd. 3.77 24.30 0.00 0.40 22-Jun-2020 Other Substantial/Declarable
Goh (Lee Lang) 3.75 24.19 0.00 0.40 22-Jun-2020 Other Substantial/Declarable
Voon (Sze Lin) 3.45 22.26 0.00 0.36 22-Jun-2020 Other Substantial/Declarable
Voon (Jye Wah) 2.71 17.46 4.10 0.29 22-Jun-2020 Other Substantial/Declarable
Kong (Kok Keong) 2.00 12.93 12.93 0.21 22-Jun-2020 Other Substantial/Declarable
Choong (Yean Yaw) 1.70 11.00

Posted by Victor Yong > 2020-12-03 07:25 | Report Abuse

Key Alliance Group Bhd-the largest shareholder of xox also a tech player :)

Future Prospect
The Board is of the view that the increase in revenue for Cloud and IT segment during the Covid-19 pandemic, indicating more companies and enterprises realising the importance of cloud and subscribing for cloud and co-locaion services. The Group will continue to focus its energies on the Cloud and IT segment, to capitalize on the growing requirement of digitization. The Group will also pay close attention to the market trends that are impacted by the spread of Covid-19, and will respond accordingly to minimise the risks and maximise opportunities.

Posted by Victor Yong > 2020-12-03 07:44 | Report Abuse

U.S. equities eked out another record high amid renewed optimism over U.S. stimulus talks and vaccine approval. Treasury yields ticked higher and the dollar touched a more than two-year low.

Posted by Victor Yong > 2020-12-03 08:14 | Report Abuse

Next year , xox ordinary share 15-25sen, xox warrant C 5-10sen, possible?

:)

Posted by bri4n_Loo > 2020-12-03 08:23 | Report Abuse

https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge

Becareful of THIS COUNTER. TRADE AT YOUR OWN RISK

Posted by Victor Yong > 2020-12-03 08:26 | Report Abuse

Nexion Technologies Limited is listed on 16 June 2017 on the HKEX GEM board bearing stock code number 8420. For the latest share price, please input our code number (8420) here.

We are a well-established ICT solution provider headquartered in Singapore focusing on the provision of cyber infrastructure and cyber security solutions. Established in 2002, we started as a system integrator providing services to telecommunications service providers and large enterprises. Having gradually diversified our ICT services, we are now a regional provider of cyber infrastructure solution in Southeast Asia. By working with various technology vendors, we acquired the experience and expertise to successfully develop our own cyber security solutions.

Posted by Victor Yong > 2020-12-03 08:29 | Report Abuse

Nexion

Revenue from external customers
Hong Kong 45 Malaysia — Myanmar 303 The PRC 7,436 Philippines 56 Singapore 266 South Korea 21 Taiwan 154
(Unaudited)
For the nine months ended 30 September
2020 US$’000
2019 US$’000
532 1,207 305 684 424 321 21 —
3,494
8,281
4. REVENUE
Revenue from contracts with customers within IFRS 15
— at a point in time
Cyber infrastructure solutions Cyber security solutions
SaaS
— over time
Maintenance and support service income
(Unaudited)
For the three months ended 30 September
(Unaudited)
For the nine months ended 30 September
2020 US$’000
86 7 1,728
93
1,914
2019 US$’000
1,121 1,281 —
100
2,502
2020 US$’000
363
220 7,436
262
8,281
2019 US$’000
1,457 1,736 —
301
3,494

Posted by Victor Yong > 2020-12-03 09:01 | Report Abuse

Date Close Volume
02/12/2020 0.105 116,808,800
01/12/2020 0.11 46,011,200
30/11/2020 0.105 44,831,600
27/11/2020 0.11 152,161,500
26/11/2020 0.11 125,518,200
25/11/2020 0.11 17,043,700
24/11/2020 0.11 110,921,300
23/11/2020 0.115 48,964,500
20/11/2020 0.115 17,486,300
19/11/2020 0.115 110,642,300
18/11/2020 0.115 79,850,600
17/11/2020 0.125 60,315,900
16/11/2020 0.135 67,059,400
13/11/2020 0.125 34,280,600
12/11/2020 0.125 171,201,100
11/11/2020 0.135 170,288,800
10/11/2020 0.12 54,911,500
09/11/2020 0.125 210,222,000
06/11/2020 0.115 51,532,500
05/11/2020 0.115 40,755,100

Posted by Victor Yong > 2020-12-03 09:06 | Report Abuse

Warrant B 7.5sen + exercise price 6sen= 13.5sen = ordinary share


Ordinary share price now 10.5sen + free warrant C :)

Posted by Victor Yong > 2020-12-03 09:08 | Report Abuse

Xox Pa 9.5sen + 5sen exercise price = 13.5sen= ordinary share

Ordinary share price now 10.5sen + free warrant C :)

Posted by Victor Yong > 2020-12-03 09:12 | Report Abuse

Xox Warrant B 7.5sen, free warrant C 4sen possible? :)

Posted by Victor Yong > 2020-12-03 09:28 | Report Abuse

Corporate proposals l

Save as disclosed below, there were no other corporate proposals which had been announced by the Company and are pending for completion as at end of the reporting quarter except:-
(“XOX Media”), a wholly owned subsidiary of the Company,
C. On 8 August 2019, XOX Mobile entered into a MOU with TOT Public Company Limited (“TOT”) for the purpose to establish the mobile virtual network operator (“MVNO”) partnership, cooperation and support between both parties in relation to exploring MVNO market in Thailand, connecting in technicality and testing the mobile telecommunication systems as well as other commercial operations. To date, both parties are working on the project.

Posted by Victor Yong > 2020-12-03 09:31 | Report Abuse

https://apicms.thestar.com.my/uploads/images/2020/11/28/953772.jpg

Posted by Victor Yong > 2020-12-03 09:34 | Report Abuse

Mr Ng Kok Heng
Chief Executive Officer



Ng Kok Heng, a Malaysian aged 56, was appointed as Managing Director and Chief Executive Officer of the Company on 30 June 2010. On 9 December 2013, he retired as Managing Director of the Company but continue to serve the Company as Chief Executive Officer. On 17 August 2018, he was appointed as Executive Director of the Company. He graduated with a Bachelor of Computer Science (Honours) from the University Sains Malaysia, Penang in 1987.
He started his career in 1987 as a Sales Manager in Communications Technology Sdn Bhd and was in charge of sales and marketing. In1992, he was appointed as Executive Director for MTL Communications Sdn Bhd and was responsible for the marketing, sales and business development of the company. Subsequently in 2000, he joined Wilco Systems Sdn Bhd as the Managing Director and was responsible for the performance as well as the day-to-day operations of the company.
He was also a consultant to Teligent AB, Sweden, a telecommunications provider and has worked with key players in various South East Asian countries such as Telekom Malaysia Berhad, Singapore Telecommunications, Limited and Smart Communications Inc. He leads highly specialised teams of IT integrators and implementers to implement systems for telecommuncations providers. Mr Ng is also a Non-Independent Non-Executive Director of M3 Technologies (Asia) Berhad.
Mr Ng is presently the member of the Share Issuance Scheme (“SIS”) Committee of the Company.

Posted by Victor Yong > 2020-12-03 09:39 | Report Abuse

Update on how xox and wetek launches such Services in countries where xox operate should be good :)



（吉隆坡13日讯）XOX说电讯（XOX，0165，创业板）与WETEK（中国）金融信息服务有限公司（简称WETEK集团）携手推出的金融产品——WeFinance，9月已获大马政府颁发互联网金融产品营运执照，预计下月推介“100秒极速放款”小额信贷便利，可帮助达220万名用户。

微型贷款自从1970年代末至1980年代末出现至今，历史悠久，并不是什么新鲜事，然而仍不足以消除世界上许多贫穷国家的问题，因为它还是无法让平穷人口得到金融包容。

近年，随着人工智能（AI）的发展，可能有助于释放微型贷款的潜能。

Posted by bri4n_Loo > 2020-12-03 09:54 | Report Abuse

https://www.theedgemarkets.com/article/special-report-hidden-hands-beh...

Becareful of THIS COUNTER. TRADE AT YOUR OWN RISK

ALL MOUS signed earlier been called off. NOTHING materialized

Posted by Victor Yong > 2020-12-03 09:56 | Report Abuse

Above 10sen is a must kut? :)


regulators should look into potentially introducing a Minimum Trading Price (MTP) rule whereby rules are put in place for companies to regulate the shortcomings if their share prices fall below a certain threshold and given a certain time frame to do so. Other than a share consolidation exercise, which can easily reduce the number of shares outstanding with a correspondent adjustment to the share price, companies should be focusing on improving the fundamental values of their shares in order for the market to correctly price these companies.

Posted by strattegist > 2020-12-03 10:03 |

Post removed.Why?

Posted by Victor Yong > 2020-12-03 10:24 | Report Abuse

15mil shares traded so early 11sen

Posted by Victor Yong > 2020-12-03 10:25 | Report Abuse

Free warrant C to be confirmed on dec 10 next week during egm :)

Posted by Victor Yong > 2020-12-03 10:26 | Report Abuse

Free warrant C for ordinary shares will cause Exodus from warrant B & PA kut?

Posted by halooo > 2020-12-03 10:28 | Report Abuse

Wow what good news Mr. Old News. Happy right share old news to con newbies?

Posted by halooo > 2020-12-03 10:30 | Report Abuse

Warrant C approve doesn't mean immediately issue. Wait until second quarter next year okay!

Posted by Victor Yong > 2020-12-03 10:32 | Report Abuse

Baguslah. More update lagi syiok :)

Wetek Technology (M) Sdn Bhd (Wetek) plans to ride on its money-lending licence in Malaysia to tap the huge potential for micro-financing in Southeast Asia.

The company is looking to provide micro-financing in partnership with XOX Bhd (XOX) to entrepreneurs and small business owners in Southeast Asia in the amount of RM2 billion.

Wetek already has an existing partnership in place with XOX. Last week Wetek signed an agreement with XOX to ride on the latter’s e-wallet licence, and provide micro-financing in the amount of RM1 billion to XOX’s 2.2 million subscribers in Malaysia.

In a statement, Wetek Director Howard Leung Hao said the company is expanding its micro-financing venture to become a market leader in the Southeast Asian region.

He said globally, the microfinance industry had serviced 139.9 million borrowers in 2018, and 65 per cent of microfinance borrowers live in rural areas where traditional banking and lending is difficult or impossible.


Wetek Director, Howard Leung
According to Microfinance Barometer 2019, this industry has been growing at an annual rate of 11.5 per cent over the past few years and projected to reach US$146.8 billion by 2021.

The NST quoted Leung Hao who said that since the announcement last week on the RM1 billion micro-financing venture, both Wetek and XOX have received a number of enquiries from existing XOX subscribers and small business owners about their micro-financing plan.

On why Wetek wants to expand in Southeast Asia, Leung Hao said the market is hugely under served in the region.

He said there are a lot of small business owners who require funding to keep their business afloat and with the Covid-19 pandemic, more and more businesses are finding it harder to obtain loans from banks.


Wetek Director,Liang Zeng
According to the article, the two existing directors of Wetek – Leung Hao and Liang Zeng – have been providing micro-financing in China and Hong Kong for over 10 years.

They have been doing this together with their local partners in China and Hong Kong and they have been very successful.

Both Leung Hao and Liang Zeng have strong credentials and are well known in the market in China and Hong Kong.

Leung Hao is the chairman and chief executive officer (CEO) of Brilliant (Hong Kong) Holdings Ltd and Liang Zeng is an internet entrepreneur and venture capitalist.

In Malaysia, Wetek and XOX are targeting entrepreneurs and small business owners in rural and non-rural areas, who are existing customers of XOX.

Hopefully the current RM1 billion is fully taken up as both Wetek and XOX are already gearing up to launch a second tranche.

Leung Hao said in the NST article that for the micro-financing business in Southeast Asia and Malaysia, they will tap into their coffers or issue shares in the company to fund the business and expand.

Meanwhile, XOX’s subscribers is also said to be growing on a day-to-day basis and it could exceed four million by the end of this year.

The company has undertaken several initiatives and invested a huge sum to grow its subscriber base and attract new customers.

Posted by Victor Yong > 2020-12-03 10:35 | Report Abuse

Dah sign, syabas, xox dan wetek :)

Wetek already has an existing partnership in place with XOX. Last week Wetek signed an agreement with XOX to ride on the latter’s e-wallet licence, and provide micro-financing in the amount of RM1 billion to XOX’s 2.2 million subscribers in Malaysia

Posted by Victor Yong > 2020-12-03 10:39 | Report Abuse

Xox operates in many countries, potential to do Such biz with wetek :)


XOX and Wetek Inked RM1 Billion Micro-Financing ...
17 Jul 2020 — XOX Bhd expands with Wetek Technology (M) Sdn Bhd. # WetekTechnology #XOX # StockExchange ...
Imageprebiu.com › 2020/07/23 › wetek-c...
Wetek Comfirms Southeast Asia Expansion For Micro ...
23 Jul 2020 — Wetek Technology (M) Sdn Bhd (Wetek) plans to ride on its money-lending licence in Malaysia to tap

Posted by Victor Yong > 2020-12-03 10:40 | Report Abuse

Xox dan wetek harap dapat mengatasi masalah ahlong di msia :)

Posted by Victor Yong > 2020-12-03 10:42 | Report Abuse

Coming private placement for wetek lagi bagus if any :)

XOX and Wetek Inked RM1 Billion Micro-Financing ...
17 Jul 2020 — XOX Bhd expands with Wetek Technology (M) Sdn Bhd. # WetekTechnology #XOX # StockExchange ...
Imageprebiu.com › 2020/07/23 › wetek-c...
Wetek Comfirms Southeast Asia Expansion For Micro ...
23 Jul 2020 — Wetek Technology (M) Sdn Bhd (Wetek) plans to ride on its money-lending licence in Malaysia to tap

Posted by Victor Yong > 2020-12-03 10:48 | Report Abuse

Hopefully THe coming PP is offered to wetek and later wetek offers to privatise xox via mgo if any, bagus kan? :)

Posted by Loading > 2020-12-03 10:52 | Report Abuse

counter kuat kencing ni ..
dulu nak pakai tandas awam bayar 10c .. camni la

Posted by yeochingu > 2020-12-03 10:53 | Report Abuse

Victor u bought alot XOX?
Why this type of Penny stock you say like god?
hahaahahahah..
beware of Big drop coming to you..
kikikikiki
Property theme/steel theme/construction theme is coming...
You still Xox Xox, wetek wetek..Hello wake up
Ant group sudah GG
Jack Ma disappear..hiding

Posted by Victor Yong > 2020-12-03 10:53 | Report Abuse

Capital game bukan? Expansion, RI, PP, exit strategy - privatisation, etc :)

Posted by Victor Yong > 2020-12-03 10:54 | Report Abuse

Capitalist system, modal besar menang kan? :)

Posted by yeochingu > 2020-12-03 10:56 | Report Abuse

I tell you la, Big boss ady finnish Goreng after they announce their cooperarion with Ant group..
Eddie and his gang ady earn dao fat fat jor...
Left small retailers like you keep praying god to help them..
But sorry, if they save you, push up the price, they will earn nothing..
So better let the market bring down XOX, they will accumulate at 0.05 again..
God bless you Victor