Highlights
KLSE: MNC (0103)       M N C WIRELESS BHD ACE : Telco&Media
Last Price Today's Change   Day's Range   Trading Volume
0.05   0.00 (0.00%)  0.045 - 0.055  6,235,100
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News & Blogs

Date Subject
24-Sep-2020 Evening Market Summary - 24 Sept 2020
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  4 people like this.
 
nklye Keep up the good ranting... o:) 0:)
19/09/2020 4:21 PM
zamriia fly soon
21/09/2020 8:24 AM
kun1971kun waiting the QR.........
21/09/2020 9:31 PM
zhm540 186 million new esos shares... that's why keep dropping...very sad for those employees who subscribed to it.
24/09/2020 2:32 PM
moneytr33 Another netx in making.?
24/09/2020 2:38 PM
Eric963708 totally not fair for those buy at high price
24/09/2020 4:36 PM
BILLC What to do,,,,,Pang chow sai counter is like this lah,,,,,,
24/09/2020 4:55 PM
zamriia this counter got hope or not
24/09/2020 6:42 PM
Skng Keong No hope lah.
25/09/2020 7:37 AM
kun1971kun QR out, ermmmm......no hope
26/09/2020 12:19 AM
kun1971kun This counter really very quite....
29/09/2020 11:39 AM
moneytr33 Not yet appoint Non-Independent Director to replace Robbie... goreng coming?
29/09/2020 4:47 PM
tkl88 Special Report: Hidden hands behind penny stock surge
The Edge Malaysia/The Edge Malaysia
September 30, 2020 14:00 pm +08

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

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 .......
30/09/2020 4:29 PM
05/10/2020 9:35 AM
Bigsharkdestroyer Is time to wake up volume so big
05/10/2020 9:41 AM
Bigsharkdestroyer Faster buy before it’s too late
05/10/2020 9:53 AM
Bigsharkdestroyer Goreng soon
05/10/2020 3:30 PM
05/10/2020 3:30 PM
KarLeongHo gg liao
12/10/2020 6:29 PM
smallwhitemouse this counter slept aldi? previous so many volume..now slowly up and down
14/10/2020 12:33 PM
jimw88 Faster Goreng again . hehehe
09/11/2020 7:50 PM
kun1971kun Anyonecan help? Need some info...
Can I convert mnc-pa now? Any cost?
10/11/2020 10:55 AM
megat36 go go go...goreng to 0.12...100% today..another 100% tomorrow...
12/11/2020 2:27 PM
winterwolf kun17971kun, why bother doing conversion, sell 2 lots PA at 3 sen and buy 1 lot mtronic at 6 sens work out to be the same.
12/11/2020 4:09 PM
megat36 where 0.12?goreng la wey....
12/11/2020 7:13 PM
kun1971kun @winterwolf, I'm not convert, just learning.... PA + 0.12=0.15...why people
still want buy PA???
13/11/2020 1:35 AM
flyingtomoon2020 Mnc gogogo
13/11/2020 3:04 AM
flyingtomoon2020 Post removed. Why?
13/11/2020 3:04 AM
joni high volume can go 65 anytime
13/11/2020 9:56 AM
megat36 at start game again ma....no one want to play mnc...
13/11/2020 10:43 AM
hkhk so fast game end ke
13/11/2020 12:45 PM
12king12 https://www.klsescreener.com/v2/news/view/731901/kim-yew-sells-down-metronic-stake-sanichi-and-mnc-step-up-buying
13/11/2020 12:50 PM
L A i think will be up
13/11/2020 3:10 PM
L A waiting 0.055
13/11/2020 4:00 PM
TheTruth88 Tp how much
14/11/2020 10:36 PM
Zolan2020 12 sen next month
16/11/2020 12:02 AM
hkhk ada big news ke?
16/11/2020 9:49 AM
12king12 wake up....
16/11/2020 4:14 PM
bonds56 MNC tomorrow hit 8 cents??
16/11/2020 6:12 PM
yoonzeng can 0.12?
16/11/2020 8:22 PM
thesteward Yes possibillity 15 if hold
16/11/2020 11:19 PM
smallwhitemouse wow..up so many??
17/11/2020 8:52 AM
smallwhitemouse i hold for months..hope really up
17/11/2020 8:53 AM
hkhk need big news
17/11/2020 11:24 AM
mileskoon Very soon to challenge 0.1. Buyers are aggressively to buy back despite market sentiment was bad today.
17/11/2020 10:23 PM
Diamond7 Tech stocks theme play...
Buy when low
N keep calm..
23/11/2020 6:26 AM
valuewood11 buy before too late
25/11/2020 11:05 PM
hkhk any news bro? long time waiting
27/11/2020 9:45 AM
missmoon wash plate ? Wait so long d ...
27/11/2020 12:29 PM
Leolee88 No chose

next week gogogogo
27/11/2020 3:08 PM


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