New Risk • May 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-RM7.4m free cash flow). Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 5.4% per year over the past 5 years. Market cap is less than US$10m (RM4.41m market cap, or US$1.11m). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Reported Earnings • May 11
Full year 2025 earnings released: RM0.11 loss per share (vs RM0.036 loss in FY 2024) Full year 2025 results: RM0.11 loss per share (further deteriorated from RM0.036 loss in FY 2024). Revenue: RM54.3m (down 16% from FY 2024). Net loss: RM28.2m (loss widened 218% from FY 2024). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings. Announcement • Apr 29
Techna-X Berhad, Annual General Meeting, Jun 24, 2026 Techna-X Berhad, Annual General Meeting, Jun 24, 2026, at 11:00 Singapore Standard Time. Location: courtyard by marriott kuala lumpur south, 137, jalan puchong, 58200 kuala lumpur, wilayah persekutuan kuala lumpur, Malaysia New Risk • Mar 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 22% per year over the past 5 years. Market cap is less than US$10m (RM8.17m market cap, or US$2.08m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Board Change • Dec 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent & Non-Executive Director Sharvin Ravindran was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 28
First quarter 2026 earnings released: RM0.052 loss per share (vs RM0.17 loss in 1Q 2025) First quarter 2026 results: RM0.052 loss per share (improved from RM0.17 loss in 1Q 2025). Revenue: RM13.5m (down 12% from 1Q 2025). Net loss: RM13.2m (loss narrowed 29% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings. New Risk • Oct 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 22% per year over the past 5 years. Market cap is less than US$10m (RM13.6m market cap, or US$3.23m). Reported Earnings • Aug 23
Full year 2025 earnings released: RM0.036 loss per share (vs RM0.097 loss in FY 2024) Full year 2025 results: RM0.036 loss per share (improved from RM0.097 loss in FY 2024). Revenue: RM64.5m (up 2.5% from FY 2024). Net loss: RM8.87m (loss narrowed 31% from FY 2024). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. New Risk • Jul 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Revenue has declined by 0.6% over the past year. Market cap is less than US$10m (RM19.1m market cap, or US$4.49m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Shareholders have been diluted in the past year (16% increase in shares outstanding). Announcement • Jul 15
Techna-X Berhad has completed a Follow-on Equity Offering in the amount of MYR 1.851692 million. Techna-X Berhad has completed a Follow-on Equity Offering in the amount of MYR 1.851692 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,246,000
Price\Range: MYR 0.08
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,171,600
Price\Range: MYR 0.07
Transaction Features: Subsequent Direct Listing New Risk • May 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (RM18.6m market cap, or US$4.42m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • May 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (RM19.8m market cap, or US$4.64m). New Risk • Apr 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (121% increase in shares outstanding). Market cap is less than US$10m (RM19.5m market cap, or US$4.35m). Buy Or Sell Opportunity • Apr 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to RM0.07. The fair value is estimated to be RM0.088, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years, while earnings per share has been flat. Announcement • Nov 08
Techna-X Berhad, Annual General Meeting, Dec 09, 2024 Techna-X Berhad, Annual General Meeting, Dec 09, 2024, at 10:00 Singapore Standard Time. Location: the perdana room, located at the royal lake club kuala lumpur, taman tasek perdana, jalan cenderamulia, off jalan parlimen, 50480 kuala lumpur., Malaysia New Risk • Sep 06
New major risk - Revenue and earnings growth Earnings have declined by 31% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (112% increase in shares outstanding). Market cap is less than US$10m (RM31.7m market cap, or US$7.33m). New Risk • Aug 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM42.3m (US$9.56m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (27% average weekly change). Shareholders have been substantially diluted in the past year (112% increase in shares outstanding). Market cap is less than US$10m (RM42.3m market cap, or US$9.56m). Board Change • Aug 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. 1 highly experienced director. Executive Chairman of the Board Y.A.M. Tunku Ibni Ja’afar is the most experienced director on the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jul 12
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. 1 highly experienced director. 2 independent directors (3 non-independent directors). Executive Chairman of the Board Y.A.M. Tunku Ibni Ja’afar is the most experienced director on the board, commencing their role in 2007. Independent Non Executive Director Sakthi Ramadas was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. New Risk • Apr 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 112% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (49% average weekly change). Shareholders have been substantially diluted in the past year (112% increase in shares outstanding). Minor Risk Market cap is less than US$100m (RM70.5m market cap, or US$14.8m). Announcement • Apr 16
Techna-X Berhad has filed a Follow-on Equity Offering in the amount of MYR 22.013919 million. Techna-X Berhad has filed a Follow-on Equity Offering in the amount of MYR 22.013919 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 251,587,641
Price\Range: MYR 0.0875
Security Features: Attached Warrants
Transaction Features: Rights Offering Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: RM0.001 (vs RM0.01 loss in FY 2022) Full year 2023 results: EPS: RM0.001 (up from RM0.01 loss in FY 2022). Revenue: RM63.8m (down 14% from FY 2022). Net income: RM2.80m (up RM25.8m from FY 2022). Profit margin: 4.4% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 30
Third quarter 2023 earnings released: EPS: RM0 (vs RM0.002 loss in 3Q 2022) Third quarter 2023 results: EPS: RM0 (improved from RM0.002 loss in 3Q 2022). Revenue: RM15.6m (down 7.9% from 3Q 2022). Net income: RM384.0k (up RM4.30m from 3Q 2022). Profit margin: 2.5% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 44% per year whereas the company’s share price has fallen by 49% per year. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: RM0.001 (vs RM0.003 in 2Q 2022) Second quarter 2023 results: EPS: RM0.001 (down from RM0.003 in 2Q 2022). Revenue: RM15.6m (down 25% from 2Q 2022). Net income: RM812.0k (down 86% from 2Q 2022). Profit margin: 5.2% (down from 27% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 52% per year and the company’s share price has also fallen by 52% per year. New Risk • Aug 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -RM182m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-RM182m free cash flow). Share price has been highly volatile over the past 3 months (57% average weekly change). Earnings have declined by 66% per year over the past 5 years. Market cap is less than US$10m (RM33.2m market cap, or US$7.16m). Reported Earnings • Jun 03
First quarter 2023 earnings released: EPS: RM0 (vs RM0.003 in 1Q 2022) First quarter 2023 results: EPS: RM0 (down from RM0.003 in 1Q 2022). Revenue: RM15.5m (down 27% from 1Q 2022). Net income: RM267.0k (down 96% from 1Q 2022). Profit margin: 1.7% (down from 35% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 47% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: RM0.12 (vs RM0.011 loss in FY 2021) Full year 2022 results: EPS: RM0.12. Revenue: RM75.4m (up 9.8% from FY 2021). Net loss: RM28.3m (loss widened 30% from FY 2021). Reported Earnings • Nov 26
Third quarter 2022 earnings released: RM0.002 loss per share (vs RM0 in 3Q 2021) Third quarter 2022 results: RM0.002 loss per share (further deteriorated from RM0 in 3Q 2021). Revenue: RM16.9m (up 29% from 3Q 2021). Net loss: RM3.92m (down RM4.42m from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent & Non-Executive Director Kah Fan was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: RM0.14 (vs RM0 in 2Q 2021) Second quarter 2022 results: EPS: RM0.14 (up from RM0 in 2Q 2021). Revenue: RM20.8m (up 65% from 2Q 2021). Net income: RM5.67m (up RM5.68m from 2Q 2021). Profit margin: 27% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 38% per year. Announcement • Jun 14
Techna-X Berhad (KLSE:TECHNAX) completed the acquisition of 25% stake in MBits Digital Sdn. Bhd. from Saraleana Nattaya binti Azmi. Techna-X Berhad (KLSE:TECHNAX) agreed entered into a share purchase agreement to acquire 25% stake in MBits Digital Sdn. Bhd. from Saraleana Nattaya binti Azmi for MYR 12.5 million on February 8, 2021. Under the terms of the transaction, Techna-X will acquire 10,000,000 ordinary shares representing 25% of the total share capital of MBits Digital Sdn. Bhd. Prior to completion, Saraleana Nattaya binti Azmi owns 75% stake and Unicorn Legendary Sdn. Bhd. owns 25% stake in MBits Digital. Upon completion, MBits will become an associated company of Techna-X and the shareholding structure of MBits shall be as follows: Techna-X will own 25% stake, Saraleana Nattaya binti Azmi will own 50% stake and Unicorn Legendary Sdn. Bhd. will own 25% stake in MBits Digital. The consideration will be fully satisfied via cash which may be generated either from internally generated funds, external borrowings and/or some form of fund-raising exercise, if deemed necessary. The consideration is payable in full to the Vendor within five (5) months from the Completion Date as defined in the agreement.
The Completion of transaction is conditional upon the satisfaction by the Vendor or a waiver granted by the Purchaser, which shall be at Purchaser’s sole discretion, of the following conditions: (a) the Purchaser’s satisfaction of the results of such legal, commercial and financial due diligence investigations conducted by the Purchaser on MBits, over the business, affairs, operations, assets and liabilities, prospects and records of MBits; (b) the issuance of a waiver letter by the Vendor to MBits waiving all their rights of action of any kind, arising in any capacity or in any jurisdiction, against MBits and its subsidiary or any of their respective officers or employees, including without limitation to the Shareholders’ Loan. (c) All amounts owing from or to the Vendor, subsidiary companies and related parties including shareholders and directors advances in MBits’ books, be waived. (d) Execution of the employment contracts between MBits and the key senior management. The Proposed Acquisition is expected to be earnings accretive and will contribute positively to the future earnings and EPS of Techna-X Berhad.
Techna-X Berhad (KLSE:TECHNAX) completed the acquisition of 25% stake in MBits Digital Sdn. Bhd. from Saraleana Nattaya binti Azmi on June 13, 2022. Reported Earnings • May 29
First quarter 2022 earnings released: EPS: RM0.007 (vs RM0.001 in 1Q 2021) First quarter 2022 results: EPS: RM0.007 (up from RM0.001 in 1Q 2021). Revenue: RM21.2m (up 121% from 1Q 2021). Net income: RM7.37m (up 338% from 1Q 2021). Profit margin: 35% (up from 18% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent & Non Executive Director Balraj Pannu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: RM0.076 loss per share (down from RM0.016 loss in FY 2020). Revenue: RM50.2m (up 144% from FY 2020). Net loss: RM14.4m (loss narrowed 25% from FY 2020). Revenue exceeded analyst estimates by 2.4%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Board Change • Sep 15
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent & Non Executive Director Balraj Pannu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 17
Techna-X Berhad (KLSE:TECHNAX) entered into share purchase agreement to acquire 49% stake in NHK Energy Construction Sdn Bhd for MYR 0.5 million from Nik Muhammad Hilmi Bin Nik Abd Kadir and Munira Binti Mahmud @ Mahmud Zuhdi. Techna-X Berhad (KLSE:TECHNAX) entered into share purchase agreement to acquire 49% stake in NHK Energy Construction Sdn Bhd for MYR 0.5 million from Nik Muhammad Hilmi Bin Nik Abd Kadir and Munira Binti Mahmud @ Mahmud Zuhdi on June 16, 2021. The consideration will be paid in cash for 0.49 million shares of NHK Energy Construction. In a related transaction, Isobumi entered into a shareholder’s agreement with Munira Binti Mahmud @ Mahmud Zuhdi for the proposed acquisition of 210,000 ordinary shares representing 21% of the total issued and paid-up share capital of NHK. Pre completion, Nik Muhammad Hilmi Bin Nik Abd Kadir holds 60% stake and Munira Binti Mahmud @ Mahmud Zuhdi holds 40% stake in NHK Energy. Post completion of both transactions, Nik Muhammad Hilmi Bin Nik Abd Kadir holds 30% stake, Techna-X Berhad holds 49% stake, Isobumi holds 21% stake in NHK Energy. The Purchase consideration will be fully satisfied via cash which may be generated either from internally generated funds, external borrowings and/or some form of fund-raising exercise, if deemed necessary. Both transactions are not subject to the approval of the shareholders of TXB and/or approval from any regulatory authority. As of December 31, 2020, NHK Energy had net assets of MYR 61.5 million. The transaction is expected to complete in the third quarter of 2021. Reported Earnings • Jun 02
First quarter 2021 earnings released: RM0.015 loss per share (vs RM0.037 loss in 1Q 2020) First quarter 2021 results: Net income: RM1.68m (up RM42.8m from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 31
Full year 2020 earnings released: RM0.12 loss per share (vs RM0.16 loss in FY 2019) Full year 2020 results: Net loss: RM26.5m (loss narrowed 86% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Feb 03
Nik Nazli Binti Nik Ahmad, Jim Irene, Rozhan Bin Othman, Zuriah Binti Abu Bakar and Ahmad Fakhri Bin Hamzah acquired 70% stake in HumanCapient Consulting Sdn Bhd from Techna-X Berhad (KLSE:HUAAN). Nik Nazli Binti Nik Ahmad, Jim Irene, Rozhan Bin Othman, Zuriah Binti Abu Bakar and Ahmad Fakhri Bin Hamzah acquired 70% stake in HumanCapient Consulting Sdn Bhd from Techna-X Berhad (KLSE:HUAAN) for MYR 14.5 on February 2, 2021. Under the consideration, HumanCapient will sell 0.7 million shares. The transaction is result of termination of deal where Techna acquired HumanCapient from Nik Nazli Binti Nik Ahmad, Jim Irene, Rozhan Bin Othman, Zuriah Binti Abu Bakar and Ahmad Fakhri Bin Hamzah on September 24, 2020. The Termination will not have any effect on the share capital and substantial shareholders’ shareholdings and is not expected to have any material effect on the earnings per shares, net assets per share and gearing of TXB for the financial year ending December 31, 2021.
Nik Nazli Binti Nik Ahmad, Jim Irene, Rozhan Bin Othman, Zuriah Binti Abu Bakar and Ahmad Fakhri Bin Hamzah completed the acquisition of 70% stake in HumanCapient Consulting Sdn Bhd from Techna-X Berhad (KLSE:HUAAN) on February 2, 2021. Is New 90 Day High Low • Dec 15
New 90-day high: RM0.20 The company is up 58% from its price of RM0.13 on 15 September 2020. The Malaysian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 49% over the same period. Reported Earnings • Dec 01
Third quarter 2020 earnings released: RM0.027 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: RM82.7m (down 59% from 3Q 2019). Net loss: RM35.2m (loss widened 29% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 89% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Nov 12
Zhang Cun agreed to acquire Linyi Yehua Coking Co. Ltd from Sino Hua-An International Berhad (KLSE:HUAAN) for CNY 88 million. Zhang Cun agreed to acquire Linyi Yehua Coking Co. Ltd from Sino Hua-An International Berhad (KLSE:HUAAN) for CNY 88 million on November 11, 2020. 1% of the consideration will be paid upon signing of the agreement i.e. CNY 0.88 million and remaining 99% of the consideration, i.e. CNY 87.12 million will be paid within 3 months. For the year ended December 31, 2019, Linyi Yehua Coking Co. Ltd reported net loss of CNY 291.41 million. M&A Securities Sdn. Bhd. acted as financial advisor for Sino Hua-An International Berhad. Announcement • Oct 15
Sino Hua-An International Berhad (KLSE:HUAAN) completed the acquisition of 50% stake in Hk Aerospace Beidou New Energy Industry Technology Co Ltd from Nong You Hua and Satriya Bin Suetoh. Sino Hua-An International Berhad (KLSE:HUAAN) agreed to acquire 50% stake in Hk Aerospace Beidou New Energy Industry Technology Co Ltd from Nong You Hua and Satriya Bin Suetoh for $11.2 million on October 6, 2020. The consideration will be paid as $1.125 million being 10% of the Purchase Consideration within 3 months from the Completion, $2.8125 million being 25% of the Purchase Consideration within 6 months from the Completion, $2.8125 million being 25% of the Purchase Consideration within 9 months from the Completion, $2.8125 million being 25% of the Purchase Consideration within 12 months from the Completion, $1.6875 being 15% of the Purchase Consideration within 15 months from the Completion. Prior to the transaction, Nong You Hua holds 30% stake and Satriya Bin Suetoh holds 20% stake in HK Aerospace. The transaction will be either financed either from internally generated funds, external borrowings and/or some form of fund raising exercise, if necessary. The Completion of the transaction is conditional upon the satisfaction by Vendors or a waiver granted by the Purchaser, which shall be at Purchaser’s sole discretion, of the following conditions: the Purchaser’s satisfaction of the results of such legal, commercial and financial due diligence investigations conducted by the Purchaser on HK Aerospace, over the business, affairs, operations, assets and liabilities, prospects and records of HK Aerospace; the passing by way of directors’ circular resolution of the Purchaser of a resolution to approve the acquisition of the Sale Shares in the agreed terms, or such other consent as is required by the Purchaser’s board of directors and the Purchaser shall deliver the certified true copy of the said approval to the Vendors; the Vendors obtaining the approval of the board of directors of HK Aerospace for the transfer of the Sale Shares to the Purchaser free from Encumbrances (as defined in the new SPA), and the Vendors shall deliver the certified copy of the said approval to the Purchaser; the SPA and any other legal document where necessary, have been duly executed, witnessed, stamped, becoming unconditional; the Completion of the acquisition of 80% of the registered capital of the Guangxi Zhongcheng Huatai Industrial Co Ltd (“GZHI”) by HK Aerospace; the Completion of the acquisition of 100% of the registered capital of Guangxi Aerospace Beidou IOT Technology Ltd (“GAIOT”) by GZHI and the Completion of the acquisition of 41.8% of the registered capital of Guangxi Aerospace Beidou New Energy Industry Technology Co Ltd (“GAB”) by the GAIOT. The Proposed Acquisition is not subject to the approval of the shareholders of Hua-An and/or approval from any regulatory authority. The Board of Directors of Hua-An, having considered all aspect of the Proposed Acquisition, is of the opinion that the execution of the Proposed Acquisition is in the best interests of Hua-An. The transaction is expected to be completed by the end of 2020. The Proposed Acquisition is expected to be earnings accretive and will contribute positively to the future earnings and EPS of Hua-An. The transaction comes with the guarantee of minimum profit after taxation of HK Aerospace for the first financial year shall be $ 2.5 million (“the Guaranteed Profit”). The target date to achieve the Guaranteed Profit shall be 12 months upon Completion.
Sino Hua-An International Berhad (KLSE:HUAAN) completed the acquisition of 50% stake in Hk Aerospace Beidou New Energy Industry Technology Co Ltd from Nong You Hua and Satriya Bin Suetoh on October 14, 2020. Announcement • Oct 07
Sino Hua-An International Berhad (KLSE:HUAAN) agreed to acquire a 50% stake in Hk Aerospace Beidou New Energy Industry Technology Co Ltd from Nong You Hua and Satriya Bin Suetoh for $11.2 million. Sino Hua-An International Berhad (KLSE:HUAAN) agreed to acquire a 50% stake in Hk Aerospace Beidou New Energy Industry Technology Co Ltd from Nong You Hua and Satriya Bin Suetoh for $11.2 million on October 6, 2020. The consideration will be paid as $1.125 million being 10% of the Purchase Consideration within 3 months from the Completion, $2.8125 million being 25% of the Purchase Consideration within 6 months from the Completion, $2.8125 million being 25% of the Purchase Consideration within 9 months from the Completion, $2.8125 million being 25% of the Purchase Consideration within 12 months from the Completion, $1.6875 being 15% of the Purchase Consideration within 15 months from the Completion. Prior to the transaction, Nong You Hua holds 30% stake and Satriya Bin Suetoh holds 20% stake in HK Aerospace. The transaction will be either financed either from internally generated funds, external borrowings and/or some form of fund raising exercise, if necessary. The transaction is expected to be completed by the end of 2020. The Proposed Acquisition is expected to be earnings accretive and will contribute positively to the future earnings and EPS of Hua-An. The transaction comes with the guarantee of minimum profit after taxation of HK Aerospace for the first financial year shal be $ 2.5 million (“the Guaranteed Profit”). The target date to achieve the Guaranteed Profit shall be 12 months upon Completion. Announcement • Sep 26
Sino Hua-An International Berhad (KLSE:HUAAN) completed the acquisition of MD Labs Sdn Bhd from Abdullah Abbas bin Wan Mohd Hasni and Mohd Afdha bin Md Yusof. Sino Hua-An International Berhad (KLSE:HUAAN) entered into a share purchase agreement to acquire MD Labs Sdn Bhd from Abdullah Abbas bin Wan Mohd Hasni and Mohd Afdha bin Md Yusof for MYR 12.5 million on April 23, 2020. The purchase consideration will be fully settled in cash. Sino Hua-An International will pay the consideration of MYR 12.5 million, are as follows: MYR 1.3 million paid on the signing of the agreement, MYR 3.1 million will be paid within 3 months of share purchase agreement, MYR 4.4 million Within 6 months from the completion of share purchase agreement, MYR 1.9 million upon completion of 1st year profit guarantee and MYR 1.9 million upon Completion of 2nd years profit guarantee. Abdullah Abbas bin Wan Mohd Hasni and Mohd Afdha bin Md Yusof holds 70% stake and 30% stake in MD Labs Sdn Bhd respectively. The purchase consideration will be fully satisfied via cash, which may be generated from either internally generated funds, external borrowings and/or some form of fund raising exercise.
The transaction is subject to: (i) Sino Hua-An International Berha's satisfaction of the results of such legal, commercial and financial due diligence investigations conducted on MD Labs, (ii) the passing by way of Directors’ circular resolution of Sino Hua-An of a resolution to approve the acquisition of the sale shares in the agreed terms, (iii) the sellers obtaining the approval of the Board of Directors of MD Labs for the transfer of the sale shares to Sino Hua-An and (iv) execution of the employment contracts and (v) all necessary approvals under applicable competition laws having been obtained from the competition authorities in the relevant jurisdictions of MD Labs. The acquisition is expected to completed by end of the year. The acquisition is expected to be earnings accretive and will contribute positively to the future earnings and EPS of Sino Hua-An.
Sino Hua-An International Berhad (KLSE:HUAAN) completed the acquisition of MD Labs Sdn Bhd from Abdullah Abbas bin Wan Mohd Hasni and Mohd Afdha bin Md Yusof on September 24, 2020. Announcement • Aug 08
Sino Hua-An International Berhad (KLSE:HUAAN) entered into a share purchase agreement to acquire Hk Aerospace Beidou New Energy Industry Technology Co Ltd from Wan Muhamad Hasni Bin Wan Sulaiman, Nong You Hua and Satriya Bin Suetoh for $25 million. Sino Hua-An International Berhad (KLSE:HUAAN) entered into a share purchase agreement to acquire Hk Aerospace Beidou New Energy Industry Technology Co Ltd from Wan Muhamad Hasni Bin Wan Sulaiman, Nong You Hua and Satriya Bin Suetoh for $25 million on August 7, 2020. Under the terms of the transaction, Sino Hua-An will acquire 0.02 million shares of HK Aerospace in cash. The consideration of $2.5 million will be paid will within 3 months from the completion, $6.25 million will be paid within 6 months from the completion, $6.25 million will be paid within 9 months from the completion, $6.25 million will be paid within 12 months from the completion and $3.75 million will be paid within 15 months from the completion. Prior to the transaction, Wan Muhamad Hasni Bin Wan Sulaiman holds 50% stake while Nong You Hua holds 30% stake and Satriya Bin Suetoh holds 20% stake in HK Aerospace. Upon completion of the Proposed Acquisition, HK Aerospace will become a wholly-owned subsidiary of Hua-An.
The transaction will be financed either from internally generated funds, external borrowings and/or some form of fund raising exercise, if necessary. The acquisition is subject to the approval of the Board of Directors of both HK Aerospace and Sino Hua-An, approval of the shareholders of Sino Hua-An, completion of due diligence and completion of acquisition of 51% stake in Guangxi Zhongcheng Huatai Investment Ltd (GZHI) by HK Aerospace, 100% stake in Guangxi Aerospace Beidou IOT Technology Ltd (GAIOT) by GZHI and 41.8% stake in Guangxi Aerospace Beidou New Energy Industry Technology Co Ltd (GAB) by the GAIOT. The deal is expected to complete by the end of the year. The acquisition comes with a minimum profit after tax guarantee from the vendors $3 million for the first financial year of HK Aerospace.