XOXTECH (0017) Overview - XOX TECHNOLOGY BERHAD

Post removed.Why?

2022-06-01 10:37

Post removed.Why?

2022-06-04 13:50

Post removed.Why?

2022-07-14 09:31

yongyong88

mau perangkap ikan bilis masuk sangkar !!!

2022-07-14 10:13

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS XOX BHD - PROPOSED ACQUISITION OF SHARES IN THERON HOLDINGS SDN. BHD.
XOX BHD

https://www.bursamalaysia.com/bm/market_information/announcements/company_announcement/announcement_details?ann_id=3275268

The Board of Directors of XOX Bhd (“XOX” or “the Company”) wishes to announce that XOX (Hong Kong) Limited, (“XOX HK” or “the Purchaser”), a wholly-owned subsidiary of the Company, had on 12 July 2022 entered into a Share Sale Agreement (“SSA/the Agreement”) with Muar Ban Lee Group Berhad (“the Seller”) for the proposed acquisition of 2 ordinary shares (“Sale Shares”) in Theron Holdings Sdn. Bhd. (“Theron”), representing 100% of the total issued and paid up share capital of Theron, for a total a total purchase consideration of RM19,254,590.00 only (“Purchase Consideration”) (“Proposed Acquisition”).

Further details of the Proposed Acquisition are set out in the attachment herein.

This announcement is dated 12 July 2022.

2022-07-16 12:48

PROPOSED ACQUISITION OF SHARES IN THERON HOLDINGS SDN BHD ("THERON") BY XOX (HONG KONG) LIMITED ("XOX HK"), A WHOLLY-OWNED SUBSIDIARY OF XOX BHD ("PROPOSED ACQUISITION")
XOX BHD

https://www.bursamalaysia.com/bm/market_information/announcements/company_announcement/announcement_details?ann_id=3276337

Query Letter Contents:

We refer to your Company’s announcement dated 12 July 2022, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1) To state the source(s) of funding of XOX HK and/or XOX Bhd, and the breakdown thereof, for redemption of the RHB Facility of RM49,416,000.68 and repayment of Theron’s outstanding debts of RM44,318,000.00. To also reconcile with the disclosure in Section 6 of the announcement dated 12 July 2022. 2) The justification for the purchase consideration of RM19,254,590. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully, Listing,  Regulation
Cc : Market Surveillance Dept. , Securities Commission

Date Announced: 15 JUL 2022

2022-07-16 12:49

XOX's unit to acquire Theron for RM19.25mil
Tuesday, 12 Jul 2022 6:29 PM MY

https://www.thestar.com.my/business/business-news/2022/07/12/xox039s-unit-to-acquire-theron-for-rm1925mil

KUALA LUMPUR: XOX Bhd
has proposed to acquire two ordinary shares in Theron Holdings Sdn Bhd, representing 100% of the total issued and paid-up share capital of Theron for RM19.25mil.
In a filing with Bursa Malaysia, XOX said its wholly-owned subsidiary, XOX (Hong Kong) Limited (XOX HK) had entered into a share sale agreement with Muar Ban Lee Group Bhd
for the proposed acquisition.

Theron is a special purpose vehicle incorporated by Muar Ban Lee for the purpose of acquiring and holding the shares in Symphony Life Bhd
As of the date of this announcement, Theron is holding 98.09 million shares in Symphony, representing 13.7% of the total issued and paid-up share capital of Symphony.

Symphony is principally engaged in the business of property development and property investment.
XOX said its board has deliberated the opportunity and found the proposed acquisition to be synergistic.
“In an effort to streamline XOX’s capital management, the management has deliberated various strategies which include shares buy back and placement of excess cash in high yielding funds.

“The proposed acquisition is part of XOX’s strategy to maximise return on its excess fund, which will ultimately benefit its shareholders,” it said.
In addition, XOX said Symphony is currently trading at the lower end of its range of intrinsic value. Hence there is a potential of immediate capital appreciation for the proposed acquisition in the event of any correction to Symphony’s current depressed share price.

2022-07-16 12:50

Muar Ban Lee sells unit holding stake in Symphony Life to XOX
July 12, 2022 20:55 pm +0

https://www.theedgemarkets.com/article/muar-ban-lee-sells-unit-holding-stake-symphony-life-xox

KUALA LUMPUR (July 12): Muar Ban Lee Group Bhd (MBL) is exiting its investment in property firm Symphony Life Bhd, whose share price has fallen 46% since MBL bought into it.
MBL, a specialist in palm oil machinery and oil seed crushing machinery, announced that it is selling its wholly-owned unit, Theron Holdings Sdn Bhd, that owns a 13.7% stake in Symphony Life to XOX Bhd for RM19.25 million cash.
Based on Tuesday's closing share price of 45 sen, the 13.7% stake is worth RM44.14 million. According to MBL's filing with Bursa Malaysia, XOX is obliged to provide "evidence that all outstanding debts owed by Theron to MBL as at the completion date [of the acquisition] have been paid and settled". The outstanding debt amounted to RM46.32 million — advances that MBL has given to Theron for the purchase of Symphony Life shares.

Theron also borrowed RM47.55 million from RHB Bank Bhd to invest in Symphony Life shares via a term loan.
Theron is a special purpose vehicle incorporated for the purpose of acquiring and holding shares in Symphony Life. It accumulated 98.09 million Symphony Life shares from April 2 last year to March 9 this year at a total cost of RM90.26 million, said MBL.
Theron bought a large bulk of its stake in Symphony Life from the company's former executive chairman Tan Sri Mohamed Azman Yahya, who founded the property firm.
MBL noted that the transaction, which it expects to be completed in the third quarter of this year, would result in RM48.89 million disposal gain.
The disposal gain includes the effects from deconsolidation of Theron's net liabilities amounting to RM37.59 million, as well as share of results from Symphony Life for financial years 2021 and 2022.
The proposed disposal allows MBL to deconsolidate a term loan from RHB Bank amounting to RM47.55 million as at end-June, while also recoup advances MBL provided to Theron amounting to RM46.32 million, the group said.
MBL would utilise RM19.25 million proceeds from the disposal mainly for working capital.
In a separate filing, XOX said the acquisition, which will be funded by its internally generated funds, is "synergistic" due to prospects of the property market's recovery this year and potential upside to Symphony Life's share price.
Shares of MBL closed unchanged at 35.5 sen, giving it a market capitalisation of RM88.26 million, while XOX fell 0.5 sen or 25% to 1.5 sen, valuing the company at RM75.76 million.
Symphony Life, meanwhile, closed 0.5 sen or 1.12% higher at 45 sen, with a market capitalisation of RM322.4 million.
S Kanagaraju & Kathy Fong

2022-07-16 13:16

Post removed.Why?

2022-07-16 13:36

XOX BHD
Description: XOX BHD ("XOX" OR "COMPANY")
PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN XOX ("XOX SHARES" OR "SHARES") ("PLACEMENT SHARES"), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT")

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3278413

On behalf of the Board of Directors of XOX (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the Proposed Private Placement.

Further details of the Proposed Private Placement are set out in the announcement attached herein.

This announcement is dated 26 July 2022.

2022-07-27 00:10

XOX proposes RM9.95 mil private placement to develop digital media management app
Izzul Ikram
/theedgemarkets.com
July 26, 2022 18:42 pm +08

https://www.theedgemarkets.com/article/xox-proposes-rm995-mil-private-placement-develop-digital-media-management-app

KUALA LUMPUR (July 26): ACE Market-listed XOX Bhd plans to undertake a private placement exercise to raise RM9.95 million to develop a digital media management application.
In a filing on Tuesday (July 26), the mobile services provider noted that while it obtained shareholders’ approval to issue up to 717.31 million shares — or 10% of its issued share capital — it has opted to only issue up to 552.86 million shares for the placement exercise.
At an illustrative price of 1.8 sen apiece, which represents a discount of approximately 6.25% to the five-day volume-weighted average market price (VWAP) of XOX shares up to and including July 25, 2022 (LPD), the group expects to raise up to RM9.95 million from the placement exercise……

2022-07-27 00:15

Kossan, Tasco, CTOS, MHC Plantations, Globetronics, NWP, Toyo Ventures, Techna-X, XOX, Pasukhas, PPB, Eastland Equity, UMediC, Sapura Industrial, Caely and Astral Asia
Hailey Chung
/
theedgemarkets.com
July 26, 2022 23:10 pm +08

https://www.theedgemarkets.com/article/kossan-tasco-ctos-mhc-plantations-globetronics-nwp-toyo-ventures-technax-xox-pasukhas-ppb

KUALA LUMPUR (July 26): Here is a brief look at some corporate announcements and news flow on Tuesday (July 26), which include Kossan Rubber Industries Bhd, Tasco Bhd, CTOS Digital Bhd, MHC Plantations Bhd, Globetronics Technology Bhd, NWP Holdings Bhd, Toyo Ventures Holdings Bhd, Techna-X Bhd, XOX Bhd, Pasukhas Group Bhd, PPB Group Bhd, Eastland Equity Bhd, UMediC Group Bhd (UMC), Sapura Industrial Bhd, Caely Holdings Bhd and Astral Asia Bhd….

2022-07-27 00:40

Oh my goodness !
Superb good news from XOX !

XOX ventures into digital media management app !  
Like that today XOXTECH going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !
0 seconds ago

2022-07-27 01:03

Dow Jones

Dow Jones Industrial Average

31,766.81

-223.23

0.69%

Nasdaq

NASDAQ Composite

11,557.37

-225.28

1.91%

2022-07-27 03:26

Icon 888

Over goreng last 2years.. winter At least till 2028

2022-09-14 22:05

Uptrend

2022-12-23 23:20

XOX TECH.,.........

MORE THAN 20 YEARS IN SMS BUSINESS,........

UNTIL NOW , NEVER CHANGE, BUSINESS REMAIN VERY WEAK,.........

ALL BECAUSE OF LOW VISIONARY RUBBISH LEADERSHIP,.........

LOOK AT KOREA KAKOA OR CHINA WECHAT,.......

START FROM SMS BUSINESS,.......

TODAY THEY HAVE GROWN INTO FEW HUNDRED BILLION COMPANY,.........

DO YOU THINK XOX TECH. CAN GROW UNDER CURRENT BOSSES ?.........

2022-12-25 15:05

XOX TECH,.......

CALL FOR MANY PROPOSALS FOR PRIVATE PLACEMENT,..........

EACH PROPOSAL EXPENSES ABOUT RM400,000 TO RM500,000,.......

ONLY RAISE RM2 -3MIL.,..........

DO YOU THINK WORTH IT OR NOT ?.........

WHY ARE THE RUBBISH BOSSES LIKE TO DO THIS TYPE SILLY THINGS ?........

WASTING COMPANY MONEY !

2022-12-26 13:19

Xoxtech is next hextech..mark my word..haha

2023-01-09 12:58

JOJO85,.....

HA....HA......

SURE !......WILL BE LIKE HEXTECH,........

OR

GOING TO ZERO.

2023-01-19 11:49

IF THE RUBBISH BOSS WANT TO KILL YOU,........

THEN YOU ARE FINISH,........

NO WAY YOU CAN ESCAPE,.......

THE LONGER YOU STAY WITH THEM,.........

THE MORE YOU LOSE,.......

YOU WILL BECOME THEIR MEAL,........

THEY WILL CHEW YOU DOWN TO NOTHING,....

GULP !......GULP !.......

WHAT CAN YOU DO ?.....

2023-02-05 07:42

Redtone = ×0×+=(H ...come on follow ur abang long...

2023-02-23 13:46

success2628

Axiata posts net profit of RM9.77bil in FY22, declares div of five sen/share
Thursday, 23 Feb 2023 1:29 PM MYT

https://www.thestar.com.my/business/business-news/2023/02/23/axiata-posts-net-profit-of-rm977bil-in-fy22-declares-div-of-five-senshare

KUALA LUMPUR: Axiata Group Bhd
is placing the emphasis on operational resilience and sound business fundamentals as it accelerates its pace towards achieving technology company (TechCo) status.
"Building up our digital core remains our focus as we progress towards our goal of becoming The Next Generation Digital Champion.

"Following our net-zero emissions and science-based target commitments last year, Axiata has put in place the governance structures and resources to strengthen and oversee matters relating to sustainability within the group including areas of digital inclusion and climate action," said chairman Tan Sri Shahril Ridza Ridzuan in a statement.
According to the group, some of the key actions of resilience taken include the continued reduction of forex exposure, increased hedging activities, reduction of capex, and zero-based costing.
"Given these proactive measures, we are targeting mid-single digit revenue growth and high single-digit earnings before interest and tax (Ebit) growth in 2023," added joint acting group CEO Vivek Sood.
Announcing its earnings for the 2022 financial year, the telco group said it recorded a net profit of RM9.77bil, nearly 12 times the net profit of RM818.9mil in the previous year as it took into account a RM13.5bil one-off net gain on the Celcom-Digi merger.
The group's earnings per share rose to 106.4 sen as compared with 8.9 sen in 2021.

Axiata said the improved bottomline was offset by higher depreciation and amortisation, taxes, net finance cost as well as goodwill impairment.
Earnings before interest, tax, depreciation and amortisation (Ebitda) meanwhile increased 9% year-on-year (y-o-y) to RM12.4bil.
The group reported revenue of RM21.73bil, which was 8.66% improved over the 2021 period, with higher contributions from all operating companies (OpCos) except Dialog and Ncell.
In line with its performance, the group declared a second dividend of five sen a share, which took the overall dividend payout to 14 sen a share in 2022.
Over the course of 2022, Axiata said it continued to drive cost excellence by achieving a capex savings of RM1.07bil.
The group closed the year with a robust balance sheet as gross debt/Ebitda decreased to 2.9x compared to two previous quarters.
This was owing to the higher debt to fund the Link Net and ISOC Philippines tower acquisitions, which was subsequently normalised by the proceeds from the completed mergers and acquisitions.
The group reported a healthy cash balance of RM7.5bil.
Joint acting group CEO Hans Wijayasuriya said the group's performance was owing to a multi-faceted response by Axiata to the macro headwinds.
"The group built resilience and operational muscle while seeding platforms for profitable growth.
"FY23 will be equally decisive, presenting opportunities and challenges associated with execution excellence and structural transformation, potentially on the backdrop of global macro headwinds," he added.

2023-02-23 21:15

Good result..

2023-02-27 19:55

Virgin_Share

this counter is a scam lol

2023-08-11 15:49

Wow, superb damn hot XOXTech today !

Now XOXTech already traded at
0.07 (+0.015) (+27.3 %)

2023-09-14 11:47

There must be a superb good news going to be announced soon !!!

2023-09-14 11:47

adikkici

Trending pacak!!!

2023-09-14 12:09

Superb99

Baru start engine

2023-09-14 13:33

adikkici

Nice closing today

2023-09-15 18:57

Superb99

Susah Naik, boleh bungkus liao

2023-10-11 18:45

BE_GREEEEEDY

potential
better collect $

2023-11-28 06:35

https://www.sinchew.com.my/news/20231216/nation/5201846

2023-12-17 22:28

This guy goreng by do ‘Short’ in many penny stocks…
I think he Sailang everything from all his belongings few years ago till now still couldn’t get the result he is wanting and he need to pay debts and interest to what he is Shorting and so make him over stress till sleep can’t breath  and die !
This is so called ‘Karma’ !

2023-12-17 22:36

Tommorrow will have a very very bright future for XOXTECH and other penny stocks already !  
Cheers to all of you guys who is investing in penny stocks !

2023-12-17 22:44

Looking back to Hidden hands behind penny stock surge
https://www.klsescreener.com/v2/news/view/734117

2023-12-19 09:28

Good123

Eddie dah mati... Habis dah

2023-12-19 16:23

Good123

20:1 SYER CONSOL MACAM MLAB KOT? MUNGKIN? HEHE

2024-03-29 21:56

Ela Deraraj

Post removed.Why?

2024-04-23 16:05

FOR NEWBIES

List of high NOSH penny stocks with shares consolidation :-

2024 in progress - MQTECH, XOX, DESTINI, VIZIONE, KGROUP
2024 completed - AEM, AT, FINTEC, TECHNAX, MLAB, BPURI,
2023 completed = JOE, ICON, MMAG, KOMARK, GOCEAN, AIM, DOLPHIN, DGB, VSOLAR, MERIDIAN, PASUKGB, EDUSPEC
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST
BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

Retail investors trapped at high price incurred huge losses caused by share consolidation

Check stock information

https://www.klsescreener.com/v2/stocks/view/0017/xox-technology-berhad

2024-06-25 09:08

FOR NEWBIES

NOSH = 896,183,566

https://www.klsescreener.com/v2/stocks/view/0017/xox-technology-berhad

Multi year annual losses from 2013 to 2023

====================
NOSH approaching 1 BILLION shares due to directors fund raising via shares issuance to PP, ESOS, etc
causing dilution to shareholder equity % and EPS

==================
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, etc

2024-07-03 08:23

FOR NEWBIES

On behalf of the Board of Directors of XOX Tech (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake a private placement of up to 10% of the total number of issued ordinary shares of XOX Tech to independent third-party investors to be identified later at an issue price to be determined later (“Proposed Private Placement”).

Further details of the Proposed Private Placement are set out in the attachment below.

This announcement is dated 10 July 2024.
===========
Good for nothing?
Good in fund raising via shares issuance to PP
NOSH will continue to rise
Shareholder equity % and EPS continue to be diluted

2024-07-10 17:17

Tripaka

Starting tricks again.

2024-07-30 12:21

46 Min Ago
Japan’s Nikkei set to plunge 6% as broader Asia markets on course for mixed open

2 months ago

Nikkei already over spike up till now at 38,186.08 (From previously same as Hang Seng around 20,000 ++ level)
So, any retreat is a healthy correction !

Currently Hang Seng at=> 21,296.28 (+663.98) (+3.22 %)
And Shanghai at => 3,306.32 (+318.79) (+7.09 %)
Seems China & Hong Kong stock market every day breaking new record high now !
And Malaysia which have big business trading with China also will benefits from China economy started to booming now !

So, KLSE also should follow to break record high to break 1,800 points by end of this year and 2,000 points by end of next year !

Heng ah, Ong ah, Huat ah !

2 months ago