【MMAG 0034 交流专区】 (前名 INGENCO)

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MMAG HOLDINGS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Exercise of Warrants
Details of corporate proposal	Conversion of Warrants
No. of shares issued under this corporate proposal	27,322,700
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.1500
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	2,149,758,301
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 554,376,735.470
Listing Date	24 Sep 2024

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MMAG HOLDINGS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Exercise of Warrants
Details of corporate proposal	Conversion of Warrants
No. of shares issued under this corporate proposal	159,874,850
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.1500
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	2,309,633,151
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 578,357,962.970
Listing Date	27 Sep 2024

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Type	Announcement
Subject	OTHERS
Description	MMAG HOLDINGS BERHAD ("MMAG" OR "THE COMPANY")- MMAG TRIGGERS PARAGRAPH 2.1(G) OF THE GUIDANCE NOTE 3 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Pursuant to Paragraph 2.1(g) of the Guidance Note 3 (“GN3”) of the ACE Market Listing Requirements ("Listing Requirements") of Bursa Malaysia Securities Berhad ("Bursa Securities"), the Board of Directors of the Company wishes to announce that the Company has triggered Paragraph 2.1(g) of GN3 of the Listing Requirements. The external auditors of the Company, Messrs Grant Thornton Malaysia PLT, have expressed material uncertainty related to the going concern (“MUGC”) of the Company in the audited financial statements for the financial year ended 31 March 2023 and the shareholders’ equity of the Company on a consolidated basis is 50% or less of its issued share capital calculated based on the unaudited financial results of the Company as at 30 June 2024. We wish to inform that the Company will submit an application for a waiver from being classified as an affected listed issuer to Bursa Securities as the Company has already taken measures by undertaking and completing the Rights Issue on 23 January 2024 raising RM145.34 million. In addition, warrants converted subsequent to January 2024 till todate has raised an additional RM92.09 million. Following the successful completion of the Rights Issue and the proceeds arising from the conversion of the warrants, the Board of Directors is of the view that the Group’s net assets has strengthened from RM170.62 million based on the audited financial statements for the financial year ended 31 March 2023 to RM220.77 million based on the unaudited financial results as at 30 June 2024. The Group’s cash position has also improved from RM13.03 million based on the audited financial statements for the financial year ended 31 March 2023 to RM78.86 million based on the unaudited financial results as at 30 June 2024. Net current assets (current assets have exceeded current liabilities) have also improved from a net current liabilities of RM56.87 million based on the audited financial statements for the financial year ended 31 March 2023 to a net current assets of RM39.46 million based on the unaudited financial results as at 30 June 2024. With these developments, the Board of Directors is confident of our financial stability moving forward. We will make the necessary announcement on further development in accordance with the requirements under the Listing Requirements. The announcement is dated 2 October 2024.

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MMAG HOLDINGS BERHAD

Date of change	03 Feb 2025
Name	MR AHMAD LUQMAN BIN MOHD AZMI
Age	51
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Bachelor of Science in Aerospace Engineering	Syracuse University, New York
2	Others	Business Leader Development	University of Oxford
3	Others	Advanced Management Program	Harvard Business School

Working experience and occupation	Mr. Ahmad Luqman was the Chief Executive Officer (“CEO”) of Malaysia Aviation Group (“MAG”), Airlines Business (“Airlines (MAG)”) since January 2023. Prior to his appointment as CEO of Airlines (MAG), he was the Group Chief Operations Officer of Malaysia Airlines Berhad since February 2018. He is an internally grown talent who started his career with Malaysia Airlines Berhad as a management trainee over 20 years ago. In 2015, Mr. Ahmad Luqman held responsibility as CEO of MAB Kargo Sdn. Bhd. or MASkargo, the cargo subsidiary of MAG, a role he has held since Sept 2015. Under his tenure, MASkargo saw an 18% growth in business volume through freighter network realignment and strategic partnerships. Mr. Ahmad Luqman led a transformation programme for MASkargo that further strengthened its financial performance, air cargo service delivery and its position as the leading air cargo carrier in Malaysia. MASkargo also embarked on a digital transformation journey under Mr. Ahmad Luqman’s leadership to capitalise on the growth of e-commerce business in the region.
Directorships in public companies and listed issuers (if any)	NIL
Family relationship with any director and/or major shareholder of the listed issuer	NIL
Any conflict of interests that he/she has with the listed issuer	NIL
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct: 3,000 Ordinary Shares

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Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	MMAG HOLDINGS BERHAD (“MMAG” OR THE “COMPANY”)(I)        PROPOSED DIVERSIFICATION INTO FINANCIAL SERVICES BUSINESS; AND(II)        PROPOSED DIVERSIFICATION INTO AVIATION BUSINESS(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
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 Proposals. Please refer to the attachment for further details on the Proposals. This announcement is dated 13 February 2025.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3523200

Attachments MMAG - Proposals (Announcement).pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2024	31 Dec 2023	31 Dec 2024	31 Dec 2023
		MYR'000	MYR'000	MYR'000	MYR'000

1	Revenue	242,120	0	242,120	0
2	Profit/(loss) before tax	26,579	0	26,579	0
3	Profit/(loss) for the period	26,171	0	26,171	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	25,380	0	25,380	0
5	Basic earnings/(loss) per share (Subunit)	1.10	0.00	1.10	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent	0.1229		0.1248

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MMAG HOLDINGS BERHAD

Particulars of substantial Securities Holder

Name	MADAM CHAN SWEE YING
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	03 Mar 2025	150,000,000	Disposed	Direct Interest
	Name of registered holder	Kenanga Nominees (Tempatan) Sdn. Bhd. - Pledged Securities Account For Chan Swee Ying
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of shares via direct business transaction
Nature of interest	Direct Interest
Direct (units)	282,362,400
Direct (%)	12.225
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	282,362,400
Date of notice	04 Mar 2025
Date notice received by Listed Issuer	04 Mar 2025

Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

MMAG HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name	VELOCITY CAPITAL PARTNER BERHAD
Address	9-3, Oval Damansara, No. 685, Jalan Damansara, Taman Tun Dr. Ismail, Kuala Lumpur 60000 Wilayah Persekutuan Malaysia.
Company No.	200001002113 (504718-U)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares
Name of registered holder	VELOCITY CAPITAL PARTNER BERHAD
Address of registered holder	9-3, Oval Damansara,No. 685, Jalan Damansara,Taman Tun Dr. Ismail,60000 Kuala Lumpur.

Date interest acquired & no of securities acquired
Date interest acquired	03 Mar 2025
No of securities	150,000,000
Circumstances by reason of which Securities Holder has interest	Acquisition of shares via Direct Business Transaction
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	150,000,000
Direct (%)	6.494
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	04 Mar 2025
Date notice received by Listed Issuer	04 Mar 2025

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MMAG HOLDINGS BERHAD

Date of change	24 Mar 2025
Name	TAN SRI DATO' SERI MOHD KHAIRUL ADIB BIN ABD RAHMAN
Age	63
Gender	Male
Nationality	Malaysia
Designation	Chairman
Directorate	Independent and Non Executive
Type of change	Resignation
Reason	Pursue other interests
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No

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Notice of Person Ceasing (Section 139 of CA 2016)

MMAG HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name	MADAM CHAN SWEE YING
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares
Name of registered holder	Kenanga Nominees (Tempatan) Sdn. Bhd. - Pledged Securities Account For Chan Swee Ying
Date of cessation	27 Mar 2025

No of securities disposed	175,000,000
Circumstances by reason of which a person ceases to be a substantial shareholder	Disposal of shares via direct business transaction
Nature of interest	Direct Interest
Date of notice	27 Mar 2025
Date notice received by Listed Issuer	27 Mar 2025

Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

MMAG HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name	NEXG BERHAD (FORMERLY KNOWN AS DATASONIC GROUP BERHAD)
Address	Level 6, Bangunan Setia 1, No. 15, Lorong Dungun, Damansara Heights, Kuala Lumpur 50490 Wilayah Persekutuan Malaysia.
Company No.	200801008472 (809759-X)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares
Name of registered holder	NexG Berhad (Formerly known as Datasonic Group Berhad)
Address of registered holder	Level 6, Bangunan Setia 1,No. 15, Lorong Dungun,Damansara Heights,50490 Kuala Lumpur.

Date interest acquired & no of securities acquired
Date interest acquired	27 Mar 2025
No of securities	175,000,000
Circumstances by reason of which Securities Holder has interest	Acquisition of 175,000,000 ordinary shares via Direct Business Transaction
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	220,000,000
Direct (%)	9.525
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	27 Mar 2025
Date notice received by Listed Issuer	27 Mar 2025

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MMAG HOLDINGS BERHAD

Date of change	27 Mar 2025
Name	MADAM CHAN SWEE YING
Age	53
Gender	Female
Nationality	Malaysia
Designation	Alternate Director
Directorate	Executive
Type of change	Resignation
Reason	Other commitments
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No

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Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

MMAG HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name	DATUK WIRA FARHASH WAFA SALVADOR J.P
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares
Name of registered holder	Velocity Capital Sdn. Bhd. Pledged Securities Account for Farhash Wafa Salvador

Date interest acquired & no of securities acquired
Date interest acquired	26 Mar 2025
No of securities	462,000,000
Circumstances by reason of which Securities Holder has interest	Acquisition of shares via Direct Business Transaction
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	462,000,000
Direct (%)	20.003
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice	28 Mar 2025
Date notice received by Listed Issuer	28 Mar 2025

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MMAG HOLDINGS BERHAD

Date of change	28 Mar 2025
Name	DATUK WIRA FARHASH WAFA SALVADOR J.P
Age	43
Gender	Male
Nationality	Malaysia
Designation	Chairman
Directorate	Non Independent and Non Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Professional Qualification	Executive Certificate in Public Leadership	Harvard Kennedy School, Harvard University
2	Masters	Master of Science in Finance	University of Portsmouth, United Kingdom
3	Degree	Honours Degree of Bachelor of Arts inBusiness Administration	University of Portsmouth, United Kingdom

Working experience and occupation	Datuk Wira Farhash brings with him over more than a decade’s worth of experience in the field of business, consultancy and advisory. In the business front, his illustrious career spans across a broad range of sectors which includes construction, technology, hotel, food & beverage. He is also a staunch advocate to promoting the development of the SME industry in the country. Moreover, he is a multi-talented innovator with five award-winning patents held across the world including the United States, United Kingdom, France, Germany, and China.As testament to Datuk Wira Farhash talents and invaluable contribution to the industry, he was named, amongst the many, Emerging Entrepreneur of the Year in 2020 by the Global Business Leadership Awards, Enterprising Entrepreneur of the Year in 2019 and Technopreneur of the Year in 2018 by SEBA, Malaysia Outstanding National Entrepreneur Bumiputra in Business in 2018, 100th most influential young entrepreneur in 2017 and Bumiputera Entrepreneur Startup Scheme Award by the Bumiputera Agenda Leadership Unit (TERAJU) in 2016.He is or had been a director and/or shareholder in at least 10 private companies which includes Swag Technologies Sdn Bhd, Salvador & Sons Sdn Bhd and Pacific Samudera Sdn Bhd. He was also an Independent Non-Executive Director of Bluemont Group Ltd (now known as Southern Archipelago Ltd) from 2014 to 2016, a public listed company listed on the Mainboard of the Singapore Exchange. He presently also sits in the Board of Advisory of Yayasan Usahawan Malaysia, a non-government organisation that thrives on the frontier of gathering, creating and developing sustainable companies with strong entrepreneurship traits. He is also the Group Executive Chairman of Apex Equity Holdings Bhd, the Executive Chairman of Excel Force MSC Bhd and Key Alliance Group Bhd, the Non-Independent Non-Executive Chairman of 7-Eleven Malaysia Holdings Bhd, and is a Director at both Berjaya Construction Bhd and Bukit Kiara Resort Bhd.
Directorships in public companies and listed issuers (if any)	1. Apex Equity Holdings Berhad2. Excel Force Msc Berhad3. 7-Eleven Malaysia Holdings Berhad4. Key Alliance Group Berhad
Family relationship with any director and/or major shareholder of the listed issuer	NIL
Any conflict of interests that he/she has with the listed issuer	NIL
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct: 462,000,000 Ordinary Shares (20.003%)

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MMAG - Reclassification of Sector

MMAG HOLDINGS BERHAD

Kindly be advised MMAG’s securities will be reclassified under the new sector and sub-sector with effect from 9.00 a.m., Monday, 14 April 2025.

Current Sector	New Sector
Technology	Transportation & Logistics
Current Sub-Sector	New Sub-Sector
Digital Services	Transportation & Logistics Services

The Stock Number and Stock Short Name of MMAG’s securities remain unchanged.