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 12% 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 (12% average weekly change). Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (RM34.7m market cap, or US$8.72m). Reported Earnings • Mar 01
Second quarter 2026 earnings released: EPS: RM0 (vs RM0.001 loss in 2Q 2025) Second quarter 2026 results: EPS: RM0 (improved from RM0.001 loss in 2Q 2025). Revenue: RM22.2m (up 1.8% from 2Q 2025). Net loss: RM116.0k (loss narrowed 68% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. New Risk • Jan 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM36.7m (US$9.06m) 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 (16% average weekly change). Earnings have declined by 1.4% per year over the past 5 years. Market cap is less than US$10m (RM36.7m market cap, or US$9.06m). New Risk • Nov 20
New major risk - Revenue and earnings growth Earnings have declined by 1.4% 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 1.4% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RM55.1m market cap, or US$13.2m). Reported Earnings • Oct 23
Full year 2025 earnings released: RM0.006 loss per share (vs RM0.005 loss in FY 2024) Full year 2025 results: RM0.006 loss per share (further deteriorated from RM0.005 loss in FY 2024). Revenue: RM81.6m (up 57% from FY 2024). Net loss: RM2.29m (loss widened 43% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • Oct 18
Sedania Innovator Berhad, Annual General Meeting, Nov 19, 2025 Sedania Innovator Berhad, Annual General Meeting, Nov 19, 2025, at 10:00 Singapore Standard Time. Location: greens iii ballroom, sports wing, tropicana golf & country resort, jalan kelab tropicana, 47410 petaling jaya, selangor darul ehsan, Malaysia Announcement • Oct 10
Sedania Innovator Berhad has filed a Follow-on Equity Offering in the amount of MYR 10.814421 million. Sedania Innovator Berhad has filed a Follow-on Equity Offering in the amount of MYR 10.814421 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 73,070,410
Price\Range: MYR 0.148
Transaction Features: Subsequent Direct Listing New Risk • Oct 03
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 15% 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 Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risk Market cap is less than US$100m (RM56.6m market cap, or US$13.5m). Reported Earnings • Aug 31
Full year 2025 earnings released: RM0.007 loss per share (vs RM0.005 loss in FY 2024) Full year 2025 results: RM0.007 loss per share (further deteriorated from RM0.005 loss in FY 2024). Revenue: RM83.6m (up 61% from FY 2024). Net loss: RM2.54m (loss widened 59% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Reported Earnings • May 28
Third quarter 2025 earnings released: EPS: RM0 (vs RM0.013 loss in 3Q 2024) Third quarter 2025 results: EPS: RM0 (improved from RM0.013 loss in 3Q 2024). Revenue: RM23.0m (up 62% from 3Q 2024). Net income: RM135.0k (up RM4.85m from 3Q 2024). Profit margin: 0.6% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Announcement • May 27
Sedania Innovator Berhad (KLSE:SEDANIA) agreed to acquire an additional 29% stake in Offspring Inc Sdn Bhd from Sedania Media Group for MYR 17.4 million. Sedania Innovator Berhad (KLSE:SEDANIA) agreed to acquire an additional 29% stake in Offspring Inc Sdn Bhd from Sedania Media Group for MYR 17.4 million on May 26, 2025. A cash consideration of MYR 17.4 million will be paid by Sedania Innovator Berhad. As part of consideration, MYR 17.4 million is paid towards common equity of Offspring Inc Sdn Bhd. Upon completion, Sedania Innovator Berhad will own 80% stake in Offspring Inc Sdn Bhd.
The transaction is subject to approval of offer by acquirer shareholders. New Risk • Mar 19
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 Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (RM45.7m market cap, or US$10.3m). Buy Or Sell Opportunity • Mar 19
Now 25% overvalued Over the last 90 days, the stock has fallen 14% to RM0.13. The fair value is estimated to be RM0.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 01
Second quarter 2025 earnings released: RM0.001 loss per share (vs RM0.004 profit in 2Q 2024) Second quarter 2025 results: RM0.001 loss per share (down from RM0.004 profit in 2Q 2024). Revenue: RM22.3m (up 19% from 2Q 2024). Net loss: RM357.0k (down 126% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Feb 05
Now 24% overvalued Over the last 90 days, the stock has fallen 13% to RM0.13. The fair value is estimated to be RM0.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Meanwhile, the company became loss making. New Risk • Feb 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM43.8m (US$9.80m) 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jan 16
Now 29% overvalued Over the last 90 days, the stock has fallen 6.9% to RM0.14. The fair value is estimated to be RM0.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 23
First quarter 2025 earnings released: RM0.002 loss per share (vs RM0.002 profit in 1Q 2024) First quarter 2025 results: RM0.002 loss per share (down from RM0.002 profit in 1Q 2024). Revenue: RM16.2m (up 38% from 1Q 2024). Net loss: RM685.0k (down 186% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings. Announcement • Oct 23
Sedania Innovator Berhad, Annual General Meeting, Nov 22, 2024 Sedania Innovator Berhad, Annual General Meeting, Nov 22, 2024, at 10:00 Singapore Standard Time. Location: ballroom v, main wing, tropicana golf & country resort, jalan kelab tropicana, 47410 petaling jaya, selangor darul ehsan, Malaysia New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (5.2% increase in shares outstanding). Market cap is less than US$100m (RM58.5m market cap, or US$13.2m). Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: RM0.015 (vs RM0.002 in FY 2022) Full year 2023 results: EPS: RM0.015 (up from RM0.002 in FY 2022). Revenue: RM56.3m (up 47% from FY 2022). Net income: RM5.12m (up RM4.36m from FY 2022). Profit margin: 9.1% (up from 2.0% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Jan 27
Sedania Innovator Berhad Announces Resignation of Daniel Bernd Ruppert as Chief Executive Officer, Date of Change Is January 31, 2024 Sedania Innovator Berhad announced resignation of Daniel Bernd Ruppert as Chief Executive Officer. Age is 48. Nationality is Germany. Date of change is 31 January 2024. Reason is To pursue his personal interest as an independent business partner specialising in the sustainable energy industry. Announcement • Dec 08
Sedania Innovator Berhad Announces Changes in Composition of Sustainability Committee The Board of Directors ("Board") of Sedania Innovator Berhad announced that the Board has approved the appointment of Dato' Nasri Bin Nasrun as the member of the Sustainability Committee ("SusComm") and the redesignation of Puan Norliza Binti Kamaruddin from member of the SusComm to Chairperson of the SusComm with effect from 8 December 2023. Following the abovementioned changes, the new composition of the SusComm is as follows: 1. Norliza Binti Kamaruddin (Chairperson, Independent Non-Executive Director). 2. Tan Sri Abdul Halim Bin Ali (Member, Senior Independent Non-Executive Director). 3. Dato’ Nasri Bin Nasrun (Member, Independent Non-Executive Director). 4. Datuk Noor Syafiroz Bin Mohd Noor (Member, Executive Director). 5. Daniel Bernd Ruppert (Member, Chief Executive Officer). Announcement • Dec 02
Sedania Innovator Berhad Announces Appointment of Dato' Nasri Bin Nasrun as Independent and Non Executive Director Sedania Innovator Berhad announced appointment of DATO' NASRI BIN NASRUN, aged 53, as Independent and Non Executive Director. Date of change is December 1, 2023. Qualification includes: Chartered Accountant from Malaysian Institute of Accountants and Advanced Diploma in Accountancy from Universiti Teknologi MARA. Working experience and occupation: Dato' Nasri Bin Nasrun started his career as an Audit Assistant at KPMG Desa Megat & Co, Kuala Lumpur in 1992. In 1996, he joined Schlumberger Technical Services Inc., based in Dubai, United Arab Emirates, as a Tax Accountant, responsible for its financial accounting and regional consolidation. Subsequently, in 1997, he was appointed Finance Manager at Kumpulan Pinang Sdn. Bhd., where he handled its group financial accounting. Thereafter, he ventured into business by setting up Hijrah Solutions Sdn. Bhd. in 1997 and later co-founded SCAN Associates Berhad in 2000, contributing significantly to the success of the SCAN Group. Dato' Nasri has more than 15 years of experience in finance and accounting. As the Founder and CEO of various successful companies, including Secure Computing & Networking Associates Sdn. Bhd. (SCAN Associates Berhad) and Setegap Ventures Group of Companies, he has demonstrated exceptional leadership and business acumen. Under his guidance, companies have thrived, with notable achievements including successful listings on the Kuala Lumpur Stock Exchange (KLSE) and commendable recognition under PETRONAS' Vendor Development Program (VDP). Dato Nasri's passion for technology and innovation is evident in his ventures, including his focus on Biopolymer Technology with Verdastro Sdn. Bhd. and contributions to the New Space Industry and Green Energy Generation through Space Ventures Sdn. Bhd. Announcement • Dec 01
Sedania Innovator Berhad Appoints Dato' Nasri Bin Nasrun as Independent and Non Executive Chairman of Audit Committee Sedania Innovator Berhad appointed DATO' NASRI BIN NASRUN as Independent and Non Executive Chairman of Audit Committee. Date of change is December 1, 2023. Age is 53. Composition of Audit Committee: 1. Dato' Nasri Bin Nasrun (Independent Non-Executive Director) - Chairman, 2. Tan Sri Abdul Halim Bin Ali (Senior Independent Non-Executive Director) - Member and 3. Puan Norliza Binti Kamaruddin (Independent Non-Executive Director) - Member. Reported Earnings • Nov 30
Third quarter 2023 earnings released: EPS: RM0.002 (vs RM0.001 in 3Q 2022) Third quarter 2023 results: EPS: RM0.002 (up from RM0.001 in 3Q 2022). Revenue: RM11.8m (down 3.2% from 3Q 2022). Net income: RM801.0k (up 148% from 3Q 2022). Profit margin: 6.8% (up from 2.7% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Nov 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.2% 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: Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Shareholders have been diluted in the past year (5.2% increase in shares outstanding). Market cap is less than US$100m (RM73.1m market cap, or US$15.5m). New Risk • Oct 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (RM66.0m market cap, or US$14.0m). Announcement • Sep 23
Sedania Innovator Berhad Receives a Letter from the Solicitors Acting for the Plaintiffs The Board of Directors of Sedania Innovator Berhad announced that the Company received a letter dated 21 September 2023 from the solicitors acting for the Plaintiffs, accompanied by a Court Order dated 30 August 2023 (Originating Summons No.: WA- 24NCC(ARB)-18-06/2023) by the Kuala Lumpur High Court of Malaya ("Court Order"). Reference is made to the Company's announcement dated 4 December 2020. On 17 November 2020, the Company received a letter of demand from two individuals who claimed to have 49% equity interest in the issued and paid-up share capital of OFFSPRING via a Shareholder Agreement entered into between the Plaintiffs and SCSB dated 8 October 2018. As of to-date, the Company holds 51% equity interest whilst SCSB holds 49% equity interest in OFFSPRING. By way of an arbitration initiated by the Plaintiffs against SCSB and OFFSPRING, the Plaintiffs claimed to be entitled to rights and interests to 49% of shares in OFFSPRING and for damages. The Statement of Claim did not seek a specified claim amount. On 21 September 2023, the Company received the Court Order which the Plaintiffs had obtained for the recognition and enforcement of the arbitration award whereby the following reliefs were granted: SCSB and OFFSPRING are jointly and severally to pay for the damages in the amount of MYR 14,523,599.99 or any part thereof remaining unpaid, at the rate of 5% per annum from 22 December 2020 until the date of the Court Order; SCSB and OFFSPRING are jointly and severally to bear the entire costs of the arbitration in the sum of MYR 416,358.02 as determined by the Director of the Asian International Arbitration Centre; SCSB and OFFSPRING are jointly and severally to pay legal and other costs (inclusive of disbursements, expenses and tax) in the sum of MYR 365,937.40; and SCSB and OFFSPRING are jointly and severally to pay simple interest on sums awarded above or any part thereof remaining unpaid, at the rate of 5% per annum from the date of Court Order until final payment. The potential financial impact on the Company's 51%-subsidiary, OFFSPRING is MYR 17,459,963.69. There is no material operational impact arising from the Court Order against OFFSPRING. OFFSPRING will be filing an application to stay and/or to set aside the Court Order. A further announcement will be made in due course. SCSB has indemnified and will continue to indemnify the Company from any potential claims relating to the above. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: RM0.004 (vs RM0.002 in 2Q 2022) Second quarter 2023 results: EPS: RM0.004 (up from RM0.002 in 2Q 2022). Revenue: RM12.8m (up 41% from 2Q 2022). Net income: RM1.56m (up 194% from 2Q 2022). Profit margin: 12% (up from 5.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 26
First quarter 2023 earnings released: EPS: RM0.004 (vs RM0.001 in 1Q 2022) First quarter 2023 results: EPS: RM0.004 (up from RM0.001 in 1Q 2022). Revenue: RM13.1m (up 45% from 1Q 2022). Net income: RM1.41m (up 398% from 1Q 2022). Profit margin: 11% (up from 3.1% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: RM0.002 (vs RM0.025 in FY 2021) Full year 2022 results: EPS: RM0.002 (down from RM0.025 in FY 2021). Revenue: RM43.9m (down 11% from FY 2021). Net income: RM754.0k (down 91% from FY 2021). Profit margin: 1.7% (down from 17% in FY 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 04
Third quarter 2022 earnings released: EPS: RM0.001 (vs RM0.004 in 3Q 2021) Third quarter 2022 results: EPS: RM0.001 (down from RM0.004 in 3Q 2021). Revenue: RM12.7m (up 24% from 3Q 2021). Net income: RM323.0k (down 74% from 3Q 2021). Profit margin: 2.5% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: RM0.002 (vs RM0.008 in 2Q 2021) Second quarter 2022 results: EPS: RM0.002 (down from RM0.008 in 2Q 2021). Revenue: RM11.7m (up 7.7% from 2Q 2021). Net income: RM530.0k (down 79% from 2Q 2021). Profit margin: 4.5% (down from 23% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 77%, compared to a 3.9% growth forecast for the Telecom industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 03
First quarter 2022 earnings released: EPS: RM0.001 (vs RM0.014 in 1Q 2021) First quarter 2022 results: EPS: RM0.001 (down from RM0.014 in 1Q 2021). Revenue: RM9.73m (down 43% from 1Q 2021). Net income: RM283.0k (down 93% from 1Q 2021). Profit margin: 2.9% (down from 25% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 44% per year whereas the company’s share price has increased by 42% per year. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: RM0.026 (up from RM0.045 loss in FY 2020). Revenue: RM54.4m (up RM46.0m from FY 2020). Net income: RM8.52m (up RM20.5m from FY 2020). Profit margin: 16% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 01
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM12.4m (up RM11.3m from 2Q 2020). Net income: RM2.47m (up RM5.42m from 2Q 2020). Profit margin: 20% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 58% per year, which means it is well ahead of earnings. Reported Earnings • Jun 01
First quarter 2021 earnings released: EPS RM0.014 (vs RM0.007 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM17.6m (up RM14.8m from 1Q 2020). Net income: RM4.21m (up RM6.03m from 1Q 2020). Profit margin: 24% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 127 percentage points per year, which is a significant difference in performance. Announcement • Jun 01
Sedania Innovator Berhad has completed a Follow-on Equity Offering. Sedania Innovator Berhad has completed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 58,033,400
Transaction Features: ESOP Related Offering; Subsequent Direct Listing Reported Earnings • Feb 28
Full year 2020 earnings released: RM0.045 loss per share (vs RM0.01 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: RM10.1m (down 35% from FY 2019). Net loss: RM12.0m (down RM14.5m from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Jan 09
Sedania Innovator Berhad (KLSE:SEDANIA) completed the acquisition of Offspring Inc Sdn Bhd from Sedania Media Group. Sedania Innovator Berhad (KLSE:SEDANIA) agreed to acquire 51% stake in Offspring Inc Sdn Bhd from Sedania Media Group for MYR 15.11 million on November 2, 2020. The consideration is fully satisfied by cash. The consideration of MYR 1 million will be payable on the execution of the agreement and is refundable deposit, MYR 10.24 million will be paid on fulfilment of the last conditions precedent, MYR 1.93 million (2nd Tranche Payment) will be paid within the period of 30 days after the issuance of the Sedania Innovator audited financial statements for the financial year ending December 31, 2020 which reflects that the actual profit after taxation is not less than MYR 3.8 million and MYR 1.93 million (3rd Tranche Payment) will be paid within the period of 30 days after the issuance of the Sedania Innovator audited financial statements for the FYE 2021 which reflects that the actual profit after taxation is not less than MYR 3.8 million. Sedania Innovator will retain the 2nd Tranche Payment and the 3rd Tranche Payment, collectively MYR 3.8 million in an interest-bearing account, as security for the purposes of the Profit Guarantee. The Purchase Consideration will be fully funded via the internally generated funds of SIB. For the year ended Offspring Inc reported revenues of MYR 10.9 million, PAT of MYR 0.52 million, and PBT of MYR 0.52 million.
The transaction is subject to due diligence investigation and the Due Diligence Exercise shall be completed by the Company within 30 days from the date of the SSA or any other dates to be mutually agreed by the Parties, all necessary approvals and consents that may be required to be obtained by Sedania Media Group from the relevant authorities or any person, including but not limited to banks and financial institutions, contract awarders of Offspring, for the sale of the Sale Shares, the change of controlling interest in Offspring or by reason of the SSA, have been obtained, any approvals, waivers or consents from relevant authorities or any person, body or entity as may be required by law or regulation or deemed necessary by the Parties to facilitate the acquisition of the Sale Shares (if so required) have been obtained, Sedania Innovator have obtained the approval of its board of directors for the purchase of the Sale Shares in accordance with the provisions of the SSA and authorizing the execution of the SSA and all related documents and Sedania Innovator have obtained the approval of its shareholders at an extraordinary general meeting to be convened for the acquisition of the Sale Shares. As of January 4, 2021, shareholders of Sedania Innovator Berhad approved the transaction. M&A Securities Sdn. Bhd. acted as transfer agent and Thinkat Advisory Sdn Bhd acted as the financial advisor to SIB.
Sedania Innovator Berhad (KLSE:SEDANIA) completed the acquisition of Offspring Inc Sdn Bhd from Sedania Media Group on January 7, 2021. Announcement • Nov 03
Sedania Innovator Berhad (KLSE:SEDANIA) agreed to acquire 51% stake in Offspring Inc Sdn Bhd from Sedania Media Group for MYR 15.11 million. Sedania Innovator Berhad (KLSE:SEDANIA) agreed to acquire 51% stake in Offspring Inc Sdn Bhd from Sedania Media Group for MYR 15.11 million on November 2, 2020. The consideration is fully satisfied by cash. The consideration of MYR 1 million will be payable on the execution of the agreement and is refundable deposit, MYR 10.24 million will be paid on fulfilment of the last conditions precedent, MYR 1.93 million (2nd Tranche Payment) will be paid within the period of 30 days after the issuance of the Sedania Innovator Berhad audited financial statements for the financial year ending December 31, 2020 which reflects that the actual profit after taxation is not less than MYR 3.8 million and MYR 1.93 million (3rd Tranche Payment) will be paid within the period of 30 days after the issuance of the Sedania Innovator Berhad audited financial statements for the FYE 2021 which reflects that the actual profit after taxation is not less than MYR 3.8 million. Sedania Innovator Berhad will retain the 2nd Tranche Payment and the 3rd Tranche Payment, collectively MYR 3.8 million in an interest bearing account, as security for the purposes of the Profit Guarantee. The Purchase Consideration will be fully funded via the internally generated funds of SIB. For the year ended Offspring Inc Sdn Bhd reported revenues of MYR 10.9 million, PAT of MYR 0.52 million, and PBT of MYR 0.52 million.
The transaction is subject to due diligence investigation and the Due Diligence Exercise shall be completed by the Company within 30 days from the date of the SSA or any other dates to be mutually agreed by the Parties, all necessary approvals and consents that may be required to be obtained by Sedania Media Group from the relevant authorities or any person, including but not limited to banks and financial institutions,contract awarders of Offspring, for the sale of the Sale Shares, the change of controlling interest in Offspring or by reason of the SSA, have been obtained, any approvals, waivers or consents from relevant authorities or any person, body or entity as may be required by law or regulation or deemed necessary by the Parties to facilitate the acquisition of the Sale Shares (if so required) have been obtained, Sedania Innovator Berhad have obtained the approval of its board of directors for the purchase of the Sale Shares in accordance with the provisions of the SSA and authorising the execution of the SSA and all related documents and Sedania Innovator Berhad have obtained the approval of its shareholders at an extraordinary general meeting to be convened for the acquisition of the Sale Shares.
M&A Securities Sdn. Bhd. acted as transfer agent and Thinkat Advisory Sdn Bhd acted as the financial advisor to SIB. 
