MLABS SYSTEMS BHD

KLSE (MYR): MLAB (0085)

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Last Price

0.01

Today's Change

0.00 (0.00%)

Day's Change

0.01 - 0.01

Trading Volume

769,200


7 people like this.

13,020 comment(s). Last comment by whistlebower99 3 weeks ago

Good123

23,587 posts

Posted by Good123 > 2022-12-06 20:50 | Report Abuse

Make sense bagi netx to swallow mlabs via share swap... Great synergy


KUALA LUMPUR (July 29): NetX Holdings Bhd, which slipped into the red for the second quarter ended May 31, 2022 (2QFY22), entered into a deal on Friday (July 29) to provide its Syariah-compliant loan products to customers of fintech company MYISCO Sdn Bhd.

NetX said its subsidiary, licensed money lender Emicro Services Sdn Bhd (eMicro), will be one of the companies to list its financial products on MYISCO’s digital Islamic financial services platform called MYISCO Wallet.

Under the deal, 20% of the net revenue received by eMicro through the personal financings will go to MYISCO with eMicro keeping the other 80%, said NetX in a filing with Bursa Malaysia.

MIYSCO is a wholly-owned subsidiary of MyAngkasa Digital Services Sdn Bhd, a private company led by Angkatan Koperasi Kebangsaan Malaysia (Angkasa), MyAngkasa Holdings Sdn Bhd, Boustead Digital Services Sdn Bhd, MySwitch Sdn Bhd and MRuncit Commerce Sdn Bhd.

The MYISCO Wallet aims to provide a digital wallet experience to people in the ASEAN region.

In a press statement, NetX said seven million registered members of Angkasa will now have access to eMicro’s financial products.

“In terms of the features, MYISCO deployed an artificial intelligence engine that can instantly match different customer’s needs and financial product categories.

“Upon completion of the application, MYISCO’s customers are able to withdraw the money through the MYISCO Wallet or designated bank account within one working day,” NetX said.

In a separate filing on Friday, NetX reported a net loss of RM183,000 for 2QFY22 compared to a net profit of RM241,000 a year earlier.

The software company said the loss was due to fair value adjustment on quoted investment of RM1.25 million, and a rise in operating and administrative expenses by RM730,000. The company was also affected by a rise in interest by RM430,000 from loans in Sungei Wang Plaza Sdn Bhd, which was acquired on Sept 30, 2021.

Quarterly revenue rose to RM3.32 million from RM1.7 million, thanks to new revenue on sales of foreign currencies after the group acquired a new licensed money changer subsidiary on Oct 28, 2021.

There was also higher interest earned from its money lending segment, NetX added.

For the first six months of FY22, the company saw its net loss narrow to RM3.37 million from RM10.2 million in the same period of FY21. Revenue rose to RM6.19 million from RM5.47 million.

NetX shares closed unchanged at nine sen on Friday, valuing the group at RM75.24 million.

pineapple123

2,472 posts

Posted by pineapple123 > 2022-12-08 15:43 | Report Abuse

Mlab today sleeping

pineapple123

2,472 posts

Posted by pineapple123 > 2022-12-14 18:09 | Report Abuse

Buy

pineapple123

2,472 posts

Posted by pineapple123 > 2022-12-14 18:09 | Report Abuse

Buy

Posted by shiningmoon > 2022-12-26 22:09 | Report Abuse

what is mlab business?

Good123

23,587 posts

Posted by Good123 > 2022-12-28 13:57 | Report Abuse

careful with penny stocks

(Updated)
2013 penny stock crash mastermind John Soh faces 36 years’ jail, co-conspirator Quah Su-Ling gets 20 years
Khairani Afifi Noordin
/
theedgesingapore.com

December 28, 2022 11:24 am +08

Posted by whistlebower99 > 2023-02-09 09:29 | Report Abuse

FOR NEWBIES

https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd

NOSH = 1,449,409,090

WC = 440,488,340
Maturity 2023-12-07
Strike value 0.0900

=================
Share consolidation 10 to 1 in November 2020
Rights issue 6 for 1 at RM0.09 per share in November 2020
Annual losses in 18 out of last 20 years

===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

================
TAYOR, set realistic target

Posted by whistlebower99 > 2023-02-14 16:33 | Report Abuse

Modus operandi of many loss making penny stocks
1. Directors fail in generating business profit
2. Show Multi year losses, multi quarter losses
3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition
4. Directors utilise most of the fund raised
5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue
6. Repeat step 1 to 5

Posted by whistlebower99 > 2023-02-28 11:21 | Report Abuse

FOR NEWBIES

PASUKGB is the latest high NOSH low price penny stock proposing to do shares consolidation !!!

This announcement is dated 24 February 2023.

===================
Be careful trading high NOSH low price penny stocks

Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants

Long term shareholders holding at high prices will incur huge losses due to the corporate exercises

List of penny stocks with shares consolidation :-

2023 in progress - VSOLAR, DOLPHIN, EDUSPEC, TECHNAX, PASUKGB

2023 completed = MERIDIAN

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,.........

====================
TAYOR, don't be caught in share consolidation exercise

TheContrarian

8,340 posts

Posted by TheContrarian > 2023-02-28 18:47 | Report Abuse

Mlab announced profits.

Fklim888

1,611 posts

Posted by Fklim888 > 2023-03-04 22:43 | Report Abuse

QR is great...good123 apa cerita...lol

Good123

23,587 posts

Posted by Good123 > 2023-03-16 22:30 | Report Abuse

Berwaspada:)

Syabas kpd kerajaan perpaduan membanteras jenayah kolar putih

https://thecorporatesecret.com/blog/2023/03/09/selepas-victor-chin-fail-peguam-mafia-korporat-chong-loong-men-pula-terbongkar/

Good123

23,587 posts

Posted by Good123 > 2023-03-16 23:53 | Report Abuse

SATU PER SATU AKAN DIDAKWA, DLL

SINGAPORE (Dec 28): John Soh Chee Wen, who has been found guilty of masterminding the 2013 penny stock crash, has been sentenced to 36 years in jail while his co-conspirator Quah Su-Ling is given 20 years.28 Dec 2022

Penny stock crash mastermind John Soh sentenced to 36 ...

The Edge Markets
https://www.theedgemarkets.com › node
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Penny stock crash mastermind Soh Chee Wen jailed 36 years

Good123

23,587 posts

Posted by Good123 > 2023-03-28 06:28 | Report Abuse

Kami sedang menunggu tindakan SC hahaha

The Securities Commission is actively curbing capital market irregularities, contrary to the general perception, says chairman Datuk Seri Dr Awang Adek Hussin.

Fklim888

1,611 posts

Posted by Fklim888 > 2023-04-14 09:55 | Report Abuse

sleeping too long.....action yet taken

Icon 888

2,178 posts

Posted by Icon 888 > 2023-07-07 22:12 | Report Abuse

Smelly stock

Aa01182

27 posts

Posted by Aa01182 > 2023-08-05 11:06 | Report Abuse

Bangun mlab, bandung lah....

Posted by whistlebower99 > 2023-09-01 09:56 | Report Abuse

Another quarter of losses

https://www.klsescreener.com/v2/stocks/financial-report/0085/2023-06-30

Multi year losses

JJPTR

89 posts

Posted by JJPTR > 2023-10-05 12:08 | Report Abuse

Beware of cyber scam Mymmar, Cambodia, Dubai, Korea. Once go in, forever cannot come out.
Organized crime gangs behind Asia’s so-called "scamdemic" have set up remote bases in Myanmar’s border area with China — locations that are hard for police to reach and where the trafficking victims they use to perpetrate online scams have little hope of escape, a U.N. report said Tuesday.

Billions of dollars have been scammed by powerful Chinese and Taiwanese crime groups based in the Mekong region — as well as in the Philippines — who bombard the internet with romance scams, extortion and investment pyramid schemes.

While some crackdowns have taken place in Cambodia and the Philippines, the crime groups are refining their scams from fortified compounds under the protection of ethnic rebels in conflict-torn Myanmar, the United Nations Office on Drugs and Crime said in its report.

Posted by whistlebower99 > 2023-10-25 23:15 | Report Abuse

FOR NEWBIES

MLABS SYSTEMS BERHAD (“MLABS” OR THE “COMPANY”)
(I) PROPOSED SHARE CONSOLIDATION; AND
(II) PROPOSED RIGHTS ISSUE WITH WARRANTS

1. INTRODUCTION
On behalf of the Board of Directors of the Company (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following:

(i) proposed consolidation of every 20 existing ordinary shares of the Company (“Shares”) into 1 Share (“Consolidated Share”) (“Proposed Share Consolidation”); and

(ii) proposed renounceable rights issue of up to 283,484,613 new Shares (“Rights Shares”) on the basis of 3 Rights Shares for every 1 Consolidated Share held on an entitlement date to be determined later (“Rights Issue Entitlement Date”), together with up to 113,393,845 free detachable warrants in the Company (“Warrants D”) on the basis of 2 Warrants D for every 5 Rights Shares subscribed for at an issue price to be determined later (“Proposed Rights Issue with Warrants”).

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3394836

==============
The time has come for MLAB shareholders

Latest high NOSH loss making penny stock to go for share consolidation.
NOSH = 1,449,409,090
WC = 440,488,340

Long term shareholders who bought at high price will incur huge losses arising from the 20:1 share consolidation

Directors will collect more money from loss making shareholders after share consolidation via rights issue



Posted by whistlebower99 > 2023-10-25 23:21 | Report Abuse

FOR NEWBIES

Directors did share consolidation of 10:1 and rights issue in Oct 2020

30 Oct 2020 12 Nov 2020 Rights Issue (warrant) 6.0000 : 1.000 0.0900 View
20 Oct 2020 03 Nov 2020 Share Consolidation 1.0000 : 10.0000 View

https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-berhad

================
After 3 years, directors doing another share consolidation and rights issue to squeeze more
money from shareholders

Multi year loss making company
Non performing directors and management continue to receive their salaries for failing to bring in any profits from business

surewin111

149 posts

Posted by surewin111 > 2023-11-03 09:54 | Report Abuse

Bro, MLAB has 60m hard cash in its bank account, 4sen per share, why worry la. Hehe

sg999

1,742 posts

Posted by sg999 > 2023-11-04 01:10 | Report Abuse

So why they need right issue?hehehe

Posted by whistlebower99 > 2023-11-30 23:11 | Report Abuse

Another quarter of losses

Quarterly rpt on consolidated results for the financial period ended 30/09/2023 | https://www.klsescreener.com/v2/announcements/view/5977721

Good123

23,587 posts

Posted by Good123 > 2 months ago | Report Abuse

fraud ka? selalu receievables write off as bad debts kan? call for special audit,,,, fraud in approving credit limit to puak2 tertentu ka?

The Group recorded loss after tax of RM4.31 million as compared to the immediate preceding quarter’s loss
after tax of RM5.89 million due to impairment on other investment, impairment loss on trade and other
receivables and higher tax expense in the preceeding quarter.

The Group recorded loss after tax of RM4.31 million as compared to the immediate preceding quarter’s loss
after tax of RM5.89 million due to impairment on other investment, impairment loss on trade and other
receivables and higher tax expense in the preceeding quarter.

Good123

23,587 posts

Posted by Good123 > 2 months ago | Report Abuse

Habis

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
MLABS SYSTEMS BERHAD

Particulars of substantial Securities Holder
Name NETX HOLDINGS BERHAD
Address 22-09, Menara 1MK
No. 1 Jalan Kiara, Mont Kiara
Kuala Lumpur
50480 Wilayah Persekutuan
Malaysia.
Company No. 200001030834 (533441-W)
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 16 Oct 2023
810,000
Disposed Deemed Interest
Name of registered holder FIRST UNITED TECHNOLOGY LTD
Address of registered holder 17th Floor of The L. Place, No.139 Queens Road Central, Hong Kong
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Disposed of shares by First United Technology Ltd via open market transaction
Nature of interest Deemed Interest
Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 228,230,250
Indirect/deemed interest (%) 15.75
Total no of securities after change 228,230,250
Date of notice 18 Oct 2023
Date notice received by Listed Issuer 18 Oct 2023


Announcement Info
Company Name MLABS SYSTEMS BERHAD
Stock Name MLAB
Date Announced 18 Oct 2023
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-16102023-00118

Good123

23,587 posts

Posted by Good123 > 2 months ago | Report Abuse

:(
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
MLABS SYSTEMS BERHAD

Particulars of substantial Securities Holder
Name NETX HOLDINGS BERHAD
Address 22-09, Menara 1MK
No. 1 Jalan Kiara, Mont Kiara
Kuala Lumpur
50480 Wilayah Persekutuan
Malaysia.
Company No. 200001030834 (533441-W)
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 12 Oct 2023
5,104,900
Disposed Deemed Interest
Name of registered holder FIRST UNITED TECHNOLOGY LTD
Address of registered holder 17th Floor of The L. Place, No.139 Queens Road Central, Hong Kong
Description of "Others" Type of Transaction
2 13 Oct 2023
1,190,000
Disposed Deemed Interest
Name of registered holder FIRST UNITED TECHNOLOGY LTD
Address of registered holder 17th Floor of The L. Place, No.139 Queens Road Central, Hong Kong
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Disposed of shares by First United Technology Ltd via open market transaction
Nature of interest Deemed Interest
Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 229,040,250
Indirect/deemed interest (%) 15.8
Total no of securities after change 229,040,250
Date of notice 16 Oct 2023
Date notice received by Listed Issuer 16 Oct 2023


Announcement Info
Company Name MLABS SYSTEMS BERHAD
Stock Name MLAB
Date Announced 16 Oct 2023
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-13102023-00089


Good123

23,587 posts

Posted by Good123 > 2 months ago | Report Abuse

Minta wang... :)

MULTIPLE PROPOSALS MLABS SYSTEMS BERHAD ("MLABS" OR "COMPANY") (I) PROPOSED SHARE CONSOLIDATION; AND (II) PROPOSED RIGHTS ISSUE WITH WARRANTS (COLLECTIVELY, THE "PROPOSALS")
MLABS SYSTEMS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description MLABS SYSTEMS BERHAD ("MLABS" OR "COMPANY")

(I) PROPOSED SHARE CONSOLIDATION; AND
(II) PROPOSED RIGHTS ISSUE WITH WARRANTS

(COLLECTIVELY, THE "PROPOSALS")
We refer to the announcement made on 25 October 2023 in relation to the Proposals (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

On behalf of the Board, TA Securities wishes to announce that the applications in relation to the Proposed Share Consolidation, admission of the Warrants D to the Official List of Bursa Securities and listing of and quotation for the Rights Shares, Warrants D and Additional Consolidated Warrants C as well as new Shares to be issued pursuant to the exercise of the Warrants D and Additional Consolidated Warrants C on the ACE Market of Bursa Securities have been submitted to Bursa Securities on 26 October 2023.

This announcement is dated 26 October 2023.



Announcement Info
Company Name MLABS SYSTEMS BERHAD
Stock Name MLAB
Date Announced 26 Oct 2023
Category General Announcement for PLC
Reference Number GA1-26102023-00051

Good123

23,587 posts

Posted by Good123 > 2 months ago | Report Abuse

Macc/SC should investigate mlab from 2019

Good123

23,587 posts

Posted by Good123 > 2 months ago | Report Abuse

banyak wang retailers dah diserap hahaha

MLBS Historical Data
Time Frame
Monthly
Download Data
01/01/2019 - 12/21/2023
Date Price Open High Low Vol. Change %
12/01/2023 0.015 0.010 0.015 0.005 500.00K +50.00%
11/01/2023 0.010 0.010 0.015 0.005 110.07M 0.00%
10/01/2023 0.010 0.015 0.020 0.010 230.03M -33.33%
09/01/2023 0.015 0.020 0.020 0.015 16.09M -25.00%
08/01/2023 0.020 0.015 0.020 0.015 8.55M +33.33%
07/01/2023 0.015 0.015 0.020 0.015 4.69M 0.00%
06/01/2023 0.015 0.020 0.025 0.015 24.80M -25.00%
05/01/2023 0.020 0.020 0.020 0.015 3.06M 0.00%
04/01/2023 0.020 0.020 0.020 0.015 4.65M +33.33%
03/01/2023 0.015 0.020 0.025 0.015 9.21M -25.00%
02/01/2023 0.020 0.020 0.030 0.015 54.61M 0.00%
01/01/2023 0.020 0.020 0.025 0.015 21.78M 0.00%
12/01/2022 0.020 0.020 0.030 0.015 37.72M 0.00%
11/01/2022 0.020 0.010 0.025 0.010 35.49M +33.33%
10/01/2022 0.015 0.010 0.015 0.010 5.46M +50.00%
09/01/2022 0.010 0.015 0.020 0.010 32.64M -50.00%
08/01/2022 0.020 0.020 0.025 0.015 26.49M -20.00%
07/01/2022 0.025 0.020 0.025 0.020 6.11M +25.00%
06/01/2022 0.020 0.025 0.030 0.020 22.74M -33.33%
05/01/2022 0.030 0.030 0.030 0.025 3.59M 0.00%
04/01/2022 0.030 0.025 0.035 0.025 29.66M 0.00%
03/01/2022 0.030 0.030 0.035 0.025 16.61M -14.29%
02/01/2022 0.035 0.030 0.040 0.030 5.65M +16.67%
01/01/2022 0.030 0.030 0.045 0.030 96.43M 0.00%
12/01/2021 0.030 0.035 0.040 0.025 234.71M -14.29%
11/01/2021 0.035 0.040 0.050 0.030 222.90M -12.50%
10/01/2021 0.040 0.045 0.045 0.040 45.02M -11.11%
09/01/2021 0.045 0.035 0.050 0.035 285.95M +12.50%
08/01/2021 0.040 0.045 0.050 0.035 70.13M -11.11%
07/01/2021 0.045 0.040 0.050 0.040 76.60M +12.50%
06/01/2021 0.040 0.040 0.050 0.035 93.74M 0.00%
05/01/2021 0.040 0.045 0.045 0.035 87.16M -11.11%
04/01/2021 0.045 0.055 0.060 0.035 393.30M -18.18%
03/01/2021 0.055 0.060 0.065 0.055 215.44M -15.38%
02/01/2021 0.065 0.075 0.080 0.050 657.67M -13.33%
01/01/2021 0.075 0.080 0.080 0.065 370.68M -6.25%
12/01/2020 0.080 0.125 0.130 0.070 792.18M -36.00%
11/01/2020 0.125 0.070 0.200 0.070 513.24M +34.62%
10/01/2020 0.093 0.116 0.302 0.070 303.21M -33.33%
09/01/2020 0.139 0.255 0.255 0.116 126.25M -45.45%
08/01/2020 0.255 0.255 0.371 0.232 342.37M +10.00%
07/01/2020 0.232 0.162 0.302 0.139 325.77M +42.86%
06/01/2020 0.162 0.162 0.186 0.116 92.80M 0.00%
05/01/2020 0.162 0.093 0.186 0.093 118.45M +75.00%
04/01/2020 0.093 0.070 0.116 0.070 71.82M 0.00%
03/01/2020 0.093 0.116 0.139 0.046 60.02M -20.00%
02/01/2020 0.116 0.162 0.162 0.093 26.82M -28.57%
01/01/2020 0.162 0.186 0.209 0.139 39.38M -12.50%
12/01/2019 0.186 0.255 0.302 0.186 62.07M -27.27%
11/01/2019 0.255 0.186 0.348 0.186 63.32M +22.22%
10/01/2019 0.209 0.162 0.232 0.162 11.81M +12.50%
09/01/2019 0.186 0.186 0.209 0.162 1.58M 0.00%
08/01/2019 0.186 0.186 0.209 0.162 3.74M 0.00%
07/01/2019 0.186 0.186 0.232 0.186 3.05M -11.11%
06/01/2019 0.209 0.209 0.232 0.186 1.11M +12.50%
05/01/2019 0.186 0.232 0.255 0.186 1.84M -27.27%
04/01/2019 0.255 0.186 0.302 0.186 11.89M +37.50%
03/01/2019 0.186 0.186 0.209 0.162 4.79M 0.00%
02/01/2019 0.186 0.209 0.232 0.186 1.70M -20.00%
01/01/2019 0.232 0.209 0.255 0.186 4.65M +11.11%
Highest
0.371
Change %
-92.821
Average
0.087
Difference
0.366
Lowest
0.005

Posted by SlynessEnforcer > 2 months ago | Report Abuse

@Good123

Bila maw pacak ni.😁😁😁

Good123

23,587 posts

Posted by Good123 > 2 months ago | Report Abuse

hidden hand group dah tipu ramai retailers, usah kena perangkap lagi dong.... hahaha

Posted by SlynessEnforcer > 2 months ago | Report Abuse

Mcm nk fly, dah turncoat😊😊😊

Good123

23,587 posts

Posted by Good123 > 2 months ago | Report Abuse

SILAP LABUR WANG LEBUR WAKAKAKA

LEGASI HIDDEN HAND GENG SUNGGUH MEMERANJATKAN... 1 PENGAJARAN YG TAK TERHINGGA BAGI SEMUA TERUTAMANYA TRADER/SPEKULATOR BURSA

Good123

23,587 posts

Posted by Good123 > 2 months ago | Report Abuse

ACGA analyst Chris Leahy said regulators' efforts are hampered by political interference and material delays in cases that are prosecuted through the Attorney General's Office, even where SC has the right of audience as deputy prosecutors.

"We have seen this in some high-profile market manipulation, insider dealing and corruption cases where actions against certain subjects are inexplicably dropped despite material evidence to support prosecution."This casts serious doubts on Malaysia's appetite to tackle political and business corruption."

Leahy said despite creditable efforts by SC and Bursa Malaysia to enforce securities violations such as insider trading and market manipulation, these issues continue to be a material problem for Malaysia's securities markets.

Many of these problems occur among small-cap companies listed on Bursa Malaysia that have smaller free floats and are easier for insiders and market syndicates to control and manipulate

Good123

23,587 posts

Posted by Good123 > 2 months ago | Report Abuse

Executives from SC and Bursa Malaysia, during a discussion admitted that this issue continues to be problematic for Malaysia's markets, he said.This shows they have a difficult job to do, added Leahy.

With the prevalence of political influence within the legal systems and the ability of certain insiders to exploit their influence to ensure legal impunity, issues with insider trading and market manipulation are unlikely to improve without a sea of change within Malaysia's political system.

"This change is not something that will happen overnight, if at all," said Leahy.

Good123

23,587 posts

Posted by Good123 > 2 months ago | Report Abuse

Usah kena lagi ...berwaspada ya hahaha

Good123

23,587 posts

Posted by Good123 > 2 months ago | Report Abuse

ACGA analyst Chris Leahy said regulators' efforts are hampered by political interference and material delays in cases that are prosecuted through the Attorney General's Office, even where SC has the right of audience as deputy prosecutors.

"We have seen this in some high-profile market manipulation, insider dealing and corruption cases where actions against certain subjects are inexplicably dropped despite material evidence to support prosecution."This casts serious doubts on Malaysia's appetite to tackle political and business corruption."

Leahy said despite creditable efforts by SC and Bursa Malaysia to enforce securities violations such as insider trading and market manipulation, these issues continue to be a material problem for Malaysia's securities markets.

Many of these problems occur among small-cap companies listed on Bursa Malaysia that have smaller free floats and are easier for insiders and market syndicates to control and manipulate.

Executives from SC and Bursa Malaysia, during a discussion admitted that this issue continues to be problematic for Malaysia's markets, he said.This shows they have a difficult job to do, added Leahy.

With the prevalence of political influence within the legal systems and the ability of certain insiders to exploit their influence to ensure legal impunity, issues with insider trading and market manipulation are unlikely to improve without a sea of change within Malaysia's political system.

"This change is not something that will happen overnight, if at all," said Leahy.

Good123

23,587 posts

Posted by Good123 > 2 months ago | Report Abuse

Malaysia patut ikut cara China, delist sykt2 yg tak baik, dll.


The number of companies delisted from China’s stock markets are approaching a record high this year, with about half of them losing their listing status after languishing below par value.

Good123

23,587 posts

Posted by Good123 > 2 months ago | Report Abuse

Satu pengajaran

Lambo Group’s external auditor expresses disclaimer of opinion | https://www.klsescreener.com/v2/news/view/1104271

Good123

23,587 posts

Posted by Good123 > 1 month ago | Report Abuse

Murray Hunter is giving away his e-book *"Malaysia's Deep Corruption: the Malaysian Deep State"*.

According to James Chin, "You should be very fearful after reading this".

https://pdfhost.io/v/u9tJdkqCS_Malaysia_Deep_Corruption_Murray_Hunter


#

Good123

23,587 posts

Posted by Good123 > 1 month ago | Report Abuse

Mlabs need it too

KUALA LUMPUR (Jan 16): Ageson Bhd, which is involved in mineral resources trading, property development and engineering, procurement, construction and commissioning, has appointed Virdos Lima Consultancy (M) Sdn Bhd (VL Consultancy) to look into audit issues and matters raised by its external auditor Messrs Jamal, Amin & Partners and their basis for expressing a disclaimer of opinion on the company’s audited financial statements for the 18-month financial period ended Dec 31, 2022 (FPE2022).

In a filing with Bursa Malaysia on Tuesday, Ageson said its external auditor had raised concerns on certain audit issues which encompasses transactions within the company and three other subsidiaries, namely Ageson SMSGMBH Sdn Bhd, Ageson Power Sdn Bhd and Ageson Industrial Sdn Bhd.

VL Consultancy will conduct an independent assessment in relation to the audit issues raised by the external auditor based on the following scope of works:

1) ascertain the veracity and appropriateness of the revenue, cost of sales and expenses reported from the trading of construction materials and impairment of other receivables presented in the statement of profit or loss and other comprehensive income for the company, Ageson SMSGMBH and/or Ageson Power;
2) evaluate the valuation methods and credibility of the entity engaged for the valuation of intangible assets of Ageson Industrial by ensuring Ageson Industrial meets the requirements set by regulatory bodies and professional standards; and
3) evaluate the treatment of capitalisation of debt assignment within the group.

VL Consultancy will commence its fieldwork on Jan 26 and is expected to complete the independent assessment by end-March this year, subject to Ageson’s compliance with the terms set out in the engagement agreement between VL Consultancy and Ageson.

Ageson slipped into Practice Note 17 status on Nov 1, 2023, following the disclaimer of opinion by Messrs Jamal, Amin & Partners.

Its share price closed unchanged at 6.5 sen on Tuesday, giving it a market capitalisation of RM18.8 million. The stock has fallen 67.5% over the past one year.

Good123

23,587 posts

Posted by Good123 > 1 month ago | Report Abuse

Takda biz yg nyata, create platform untuk berjudi syer je, kan? Haha

Good123

23,587 posts

Posted by Good123 > 1 month ago | Report Abuse

Banyak listed companies, menipu je, kan? Takda biz yg serius

Good123

23,587 posts

Posted by Good123 > 1 month ago | Report Abuse

Menipu mereka yg bodoh lagi tamak, kan? ;)

Posted by Lee Ying Yee > 3 weeks ago | Report Abuse

bursa game ?? esos pp esos pp ri+w and cons. ....... esos pp ri+w

Posted by whistlebower99 > 3 weeks ago | Report Abuse

FOR NEWBIES

(1) PROPOSED SHARE CONSOLIDATION; AND
(II) PROPOSED RIGHTS ISSUE WITH WARRANTS

(COLLECTIVELY, THE "PROPOSALS")
We refer to the announcements made on 25 October 2023 and 26 October 2023 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that Bursa Securities has, vide its letter dated 5 February 2024, approved the following:

(i) Proposed Share Consolidation;

(ii) admission to the Official List and listing and quotation of up to 86,964,544 Warrants D; and

(iii) listing and quotation of:

(a) up to 217,411,362 Rights Shares; and

(b) up to 86,964,544 new Shares to be issued arising from the exercise of the Warrants D.

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Be informed that share consolidation is coming very soon.
Long term holders will incur huge losses when their shareholding are reduced by 20 times.
After shares consolidation, directors will raise fund via shares issuance to RI
Directors will squeeze more money out of shareholders.
If shareholders didn't subscribe to the rights issue, their shareholding will be massively diluted.

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