whistlebower99

FOR NEWBIES

Changes in Director's Interest (Section 219 of CA 2016)
MQ TECHNOLOGY BERHAD

Particulars of Director
Name MR TERENCE CHEAH EU LEE

Directors continue to dispose

https://www.klsescreener.com/v2/announcements/view/7679817

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3474457

=================
Share consolidation and fund raising via bond issuance coming soon !!!

2024-08-20 10:01

cK1973

wait and see after consolidation....
stay tune guys.....

2 months ago

cK1973

not yet consolidate ka????
wait....

2 months ago

Vicky

Belum. Getting approval from me as shareholder on 9 Sept meeting first...

2 months ago

cK1973

ok well noted....
better do it fast.....
10 to 1......

2 months ago

Faiza

today egm approved
consol in a month time?

2 months ago

cK1973

approved....
good sign......
waiting too long already....

2 months ago

Vicky

Time to rocket to the moon....

2 months ago

cK1973

no choice......
hv to consolidate......

2 months ago

Vicky

Condolidation is a good news. Don't worry. Just like Technax after consolidated and go to the moon !

2 months ago

Vicky

Remember Mqtech core business still HDD ya...complement data center and AI aound the world !

2 months ago

cK1973

bila ni.....
still waiting ma....

2 months ago

mingli841231

https://www.klsescreener.com/v2/news/view/1393055
Meanwhile, MQ Technology Bhd (KL:MQTECH) saw its executive director Terence Cheah Eu Lee dispose of more shares in the ACE Market-listed company. Cheah has sold a total of 25.5 million shares on the open market since May, the latest transaction being 7.5 million shares on Aug 28. This leaves him with a 0.96% stake, or 15.69 million shares, compared with 3.03% before.

MQ Technology produces moulds, tools, dies, jigs and fixtures used in the manufacturing of hard disk drives. The company narrowed its net loss to RM4.29 million for the nine months ended June 30, 2024, from a loss of RM8.47 million a year earlier. In July, it changed its financial year end to Feb 28 from Sept 30.

2 months ago

cK1973

23th is the consolidation date...
after that we see whether it will fly like MMAG or not or drop like TECHNAX.....
stay tune guys....

2 months ago

whistlebower99

Changes in Director's Interest (Section 219 of CA 2016) - MR TERENCE CHEAH EU LEE | https://www.klsescreener.com/v2/announcements/view/7915893

Director finally disposed all shares to open market

2 months ago

Faiza

possible new directors comin on board to replace the one?

2 months ago

cK1973

new to clean up first....
hopefully after consolidation, company can perform better....

2 months ago

Faiza

the co that inject 150m will surely place few directors kan

2 months ago

whistlebower99

FOR NEWBIES

CONSOLIDATION OF EVERY 10 EXISTING SHARES IN MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY") ("MQ TECH SHARE(S)" OR "SHARE(S)") INTO 1 MQ TECH SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")

Ex-Date 23 Sep 2024

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3482145

https://www.klsescreener.com/v2/announcements/view/7809983

==============
Take note of share consolidation ex-date whereby your shareholding will be reduced by 10 times

Current NOSH = 1,635,549,531 will be reduced to 163,554,953

After completion of share consolidation exercise, directors will restart fund raising again via massive shares issuance to PP, ESOS, RI or asset acquisition

Retail shareholders holding at high prices will certainly incur huge losses due to the share consolidation

2 months ago

fl888

Bought at 6cts last year….consolidation at 1.5cts…loose like hell…

2 months ago

Mohd Qadri Abdul Rani

Same lor...big lost

2 months ago

cK1973

@fl888 wait for consolidation first.....
currently nothing much we can do.....

2 months ago

bullrun168

Walaoeh, what happend ?
Super damn hot man Mqtech today !
Now Mqtech was traded at @0.125 (+0.025) (+25 %)
Heng ah, Ong ah, Huat ah !

1 month ago

fl888

Wahmmm…1cts jump to 12.5cts…biggest gainer ever in KLSE..hahaha..

1 month ago

Vicky

Hello...supposed to be 0.15 as before consolidate is 0.015 x 10. So no big deal if 0.125. Too slow instead as one of the directors opt out before consolidate

1 month ago

cK1973

what @Vicky mentioned is correct. Suppose after consolidation, they price must be 15c and not 12c.
Let's see in coming days, whether the price will be pushed above 20c or not....
Not very high hope but better than nothing la....

1 month ago

fl888

Is Terence Chuah is buying back to be a minority or major shareholder ?

1 month ago

Faiza

likely change in board, big investor surely want their people

1 month ago

Wan Nee

Brewing...buy now

1 month ago

bullrun168

Wow, Amazing !
Now Mqtech was traded at @0.14 (+0.04) (+40 %)
Heng ah, Ong ah, Huat ah !

1 month ago

Vicky

Again no big deal as it used to be 0.015 x 10 = 0.15 now. Unless it hits 0.4 then bravo !

1 month ago

bullrun168

Wow, Fantastics !
Now Mqtech was traded at @0.15 (+0.05) (+50 %)
Heng ah, Ong ah, Huat ah !

1 month ago

Vicky

Anyway if tomorrow sentimen is positive it will break 0.15 and trend higher

1 month ago

Faiza

watch this bull

1 month ago

ncy810116

now is a lightweight counter.

1 month ago

Nick

huat ar huat ar

1 month ago

fl888

Big announcements coming…hopefully , likely related to China ventures

1 month ago

Vicky

Company like Mqtech full of potential. Their core business is in line with AI and data center. So share prices could trend higher

1 month ago

fl888

DPM daughter is CEO of this company is a plus sign….

1 month ago

JusinKarl

Time to collect at 10

1 month ago

cK1973

looks like not going to sustain at 15....
touch n drop only....
might go below 10....
not easy this counter....
macam macam buaya ada ma....

1 month ago

whistlebower99

FOR NEWBIES

After share consolidation ex date on 23 Sep 2024,
NOSH reduced from 1,635,549,531 to 163,554,653

Retail shareholders bought at high prices (before share consolidation) incurred huge losses due to directors action.

Next step is for directors to restart fund raising activities again via massive shares issuance to PP, ESOS, RI or asset acquisition.

If directors cannot bring in profits from business operations, more fund raising will be carried out via massive shares issuance

Eventually, NOSH will exceed 1 BILLION shares again.

==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition

1 month ago

cK1973

back to 10-12 range...
15 range non sustainable...
looking at 8-9c range next week...

1 month ago

cK1973

now range 8-9 looks possible...
stay tune guys...

1 month ago

cK1973

still waiting at 8-9 range....

1 month ago

cK1973

8-9 range will be the best....
hopefully will reach...

1 month ago

cK1973

still waiting at 8-9 range

3 weeks ago

cK1973

still waiting .....

3 days ago

acnca84

.........................................

2 days ago

fl888

Bonds conversion at 10cts….who is buying at 12cts….make 2cts every round of Tranche 1, 2, & 3..insidens make

19 hours ago