Tag Archives: XOX

Dealings in Listed Securities Outside Closed Period

Notification pursuant to Rule 14.09 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad

Pursuant to the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, XOX Bhd (“XOX” or “the Company”) wishes to inform that the following Principal Officer has given notice of his dealing in the ordinary shares of XOX :

Name of Principal Officer Nature of Interest   Date of Transaction No. of Ordinary Share Acquired Consideration Per Share
NG KOK HENG Direct 14.12.2016 7,009,500*

(1.16%)

RM0.13

* Exercise of options under the Share Issuance Scheme

This announcement is dated 16 December 2016.

Additional Listing Announcement

1. Details of Corporate Proposal

Involve issuance of new type/class of securities ? No
Types of corporate proposal Others
Details of corporate proposal Share Issuance
No. of shares issued under this corporate proposal 7,009,500
Issue price per share ($$) Malaysian Ringgit (MYR)   0.1300
Par Value ($$) Malaysian Ringgit (MYR)   0.100
Latest issued and paid up share capital after the above corporate proposal in the following
Units 602,224,175
Currency Malaysian Ringgit (MYR) 60,222,417.500
Listing Date 16 Dec 2016

 

Update on Status of the Memorandum of Understanding with Pantech Inc.

Reference is made to the Company’s announcement dated 30 August 2016.

The Board of Directors of XOX Bhd (“XOX” or “the Company”) wishes to announce that there is no material development pertaining to the Memorandum of Understanding entered into between XOX Media Sdn. Bhd. (“XOX Media”), a wholly-owned subsidiary of the Company and Pantech Inc.

This announcement is dated 28 November 2016.

Update on the Status of the Memorandum of Understanding with Leopard Mobile

Reference is made to the Company’s announcement dated 30 August 2016.

The Board of Directors of XOX Bhd (“XOX” or “the Company”) wishes to announce that there is no material development pertaining to the Memorandum of Understanding entered into between XOX Media Sdn. Bhd. (“XOX Media”), a wholly-owned subsidiary of the Company and Leopard Mobile.
This announcement is dated 28 November 2016.

 

Additional Listing Announcement

1. Details of Corporate Proposal

Involve issuance of new type/class of securities ? No
Types of corporate proposal Others
Details of corporate proposal Share Issuance
No. of shares issued under this corporate proposal 400,000
Issue price per share ($$) Malaysian Ringgit (MYR)   0.1000
Par Value ($$) Malaysian Ringgit (MYR)   0.100
Latest issued and paid up share capital after the above corporate proposal in the following
Units 595,214,675
Currency Malaysian Ringgit (MYR) 59,521,467.500
Listing Date 28 Nov 2016

Share Issuance

For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 20 July 2016 in relation to the Share Issuance, where applicable, unless stated otherwise or defined herein.)

We refer to the Company’s announcements dated 20 July 2016, 12 October 2016, 25 October 2016, 26 October 2016, 31 October 2016 and 15 November 2016 in relation to the Share Issuance.

On behalf of the Board, Mercury Securities wishes to announce that all conditions precedent in relation to the Share Issuance have been fulfilled on 17 November 2016 (“CP Fulfilment Date”). Following the CP Fulfilment Date, the Company had on 23 November 2016 received a Subscription Notice and the Subscription Payment Amount for 400,000 Subscription Shares from Macquarie Bank. Accordingly, the Company had on 24 November 2016 issued and allotted 400,000 Subscription Shares at an issue price of RM0.10 to Macquarie Bank and the Subscription Completion Date for such 400,000 Subscription Shares shall fall on 28 November 2016.

Further, Macquarie Bank has fixed the commencement of the Committed Subscription Period on 30 November 2016.

This announcement is dated 24 November 2016.

[NST Online] XOX Bhd shareholders okayed issuance of 250mln new shares to Macquarie Bank

KUALA LUMPUR: XOX Bhd shareholders have approved the placement of shares to Macquarie Bank Ltd at the company extraordinary general meeting here today.

The company would now pursue to issue and allot up to 250 million new ordinary shares of 10 sen each to the bank.

The corporate exercise would represent 42.03 per cent of its existing issued and paid-up share capital and about 29.59 per cent of its enlarged issued and paid-up share capital after the share issuance.

The exercise would allow the mobile telecommunications products and services provider to raise gross proceeds of RM25 million assuming Macquarie fully subscribes to the allotted shares.

XOX group chief executive officer Ng Kok Heng said the exercise is to fuel the planned expansion of its Voopee mobile application in Malaysia as well as in overseas markets such as Indonesia, Thai and Philippine markets.

“Currently, we are in the midst of discussion with some of them. The expansion is subject to the finalisation of the commercial terms.

“It has high potential to be marketable to other regions as well, besides Asean,” he said after the meeting shareholders yesterday.

Voopee allows smartphone users to have an additional local area mobile number without a subscriber identification module (SIM) card.

Currently, Voopee has about 147,000 subscribers in Malaysia.

Ng said the SIM card free application was expected to be the next generation mobile service, which could be a unique solution to the expensive roaming charges and relevant to frequent travelers.

Read More : http://www.nst.com.my/news/2016/11/188984/xox-bhd-shareholders-okayed-issuance-250mln-new-shares-macquarie-bank