Green Packet

Re: Green Packet

Postby winston » Wed Jul 01, 2020 8:53 am

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May 14, 2020

Green Packet Bhd’s Kiplepay Sdn Bhd has inked an agreement with Tencent to provide e-KYC (Electronic Know Your Customer) services.

The KipleID e-KYC will be offered to businesses, especially banks and financial institutions.

KiplePay will leverage on Tencent’s facial recognition and machine learning capabilities to build a localised e-KYC solution in Malaysia through the KipleID e-KYC.

Source: The Edge
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Re: Green Packet

Postby winston » Wed Jul 01, 2020 8:55 am

Business Background

Green Packet Bhd is engaged in the business of investment holding, research and development, marketing and distribution of wireless networking and telecommunication products, networking solutions, communication services, and other high technology products and services.

The business of the company operates in various segments that include Solution, Broadband Services, Communication Services, and Elimination.

The Solution and Broadband service generate maximum revenue for the company.

Geographically the company exports its services to the United States of America, Taiwan, Hong Kong, Bahrain, and Singapore.
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Re: Green Packet

Postby winston » Wed Jul 01, 2020 9:10 am

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Group managing director and CEO C C Puan said despite the unexpected Covid-19 pandemic that has brought substantial impact to every individual and business, the group’s core business remained strong and unaffected.

PETALING JAYA: GREEN PACKET BHD, an international technology and telecommunications company, reported a 50% rise in revenue for the first quarter of its financial year 2020 (FY20) to RM147mil.

Revenue jumped from RM97.9mil in the first quarter of FY19, with growth driven by higher contributions from all segments.

Its legacy solution business registered an increase of 357% in revenue to RM11.9mil.

In a statement, the company said strong revenue growth was contributed by the communication services and digital services segment, both seeing revenue increasing by 41% and 126% respectively to RM132.1mil and RM3.1mil.

Group managing director and CEO C C Puan said despite the unexpected Covid-19 pandemic that has brought substantial impact to every individual and business, the group’s core business remained strong and unaffected.

In the latest quarter, the solution business experienced triple-digit growth, with increased sales orders and higher shipment across all regions to Asean, Europe, the Middle East, and Latin America.

Its communication business experienced a significant increase in international voice traffic and data business from telecommunications carriers in Asean, Hong Kong and China.

The group expects demand for data and bandwidth to continue gaining momentum from the Covid-19 pandemic that has resulted in travel restrictions and quarantines.

“The strong growth of its core business pillars has provided a robust foundation for the group to continue investing in the digital services business. Coupled with the conversions of the warrants in the past few months that have brought in an additional RM30mil to the group, this allows us to continuously invest in the potential new, high-growth areas of the cloud business and e-KYC, including strengthening our digital services ecosystem and integrating the fintech and proptech solution.”

The Covid-19 pandemic has pushed digital transformation to the front of the line and Green Packet said it was in a position to benefit, as the group was ready to serve companies transforming towards digitalisation.

Its digital services business saw gross transaction value rising to RM115.6mil per quarter, which translated to a 277% growth from a year ago.

It said when the movement control order (MCO) was first implemented, the digital services segment saw a spike on its gross payment transaction for online payments.

Green Packet has embraced the new norm by launching the ‘We Are Ready’ campaign and its proptech flagship product called KipleLive, which integrates AI facial recognition, cloud-hosted services, an FR thermal scanner and a visitor management system.

It said as enterprises build the necessary operational resiliency to survive this new reality, the campaign received welcoming response from the corporate sector, schools, retail stores, factories, construction sites, banks, and hospitals.

One of the key wins was the education sector which showed a strong interest in KipleLive.

Over the past few months, Green Packet said many schools have adopted the KipleLive solution as they prepared for reopening such as Desa International School, Rafflesia Private and International Schools, SMK Cheras Perdana, and 63 independent Chinese secondary schools through the partnership with the United Chinese School Committees’ Association of Malaysia.

Other places that have used KipleLive solutions include Paradigm Mall, The Ascent Corporate Towers, Pavilion Tower, and Hospital Chancellor Tuanku Muhriz Universiti Kebangsaan Malaysia.

“Beyond that, we are also teaming up with Five Petroleum Malaysia to launch the first AI-powered petrol station in Malaysia. We are so excited and are looking forward to the launch, as this is going to bring forth the frictionless and cashless digital experience across all Five petrol stations, ” said Puan.

The group is also collaborating with China Internet giant Tencent to leverage on its capability in introducing KipleID e-KYC (electronic know your customer) which allows financial institutions to offer consumers a more convenient digital banking journey.

Adding on the recent proposed acquisition of an e-KYC firm, Xendity that specialises in the identity verification process, this reinforces Green Packet’s position as the preferred partner for digital financial solutions.

“From day one, we have built an ecosystem to get our life-improving digital innovations into the hands of the masses under the Kiple brand.

“Hence, the progress that we have made today has not only affirmed our investments but has reinforced our vision that is to become a digital financial institution, ” Puan said.
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Re: Green Packet

Postby winston » Wed Jul 01, 2020 9:12 am

PETALING JAYA: GREEN PACKET BHD’s KipleLive contactless and face recognition platform was deployed at the “Pasca PKPP Sektor Pelancongan” seminar held yesterday, which was one of the first few live events to be conducted since the movement control order (MCO).

The seminar, sponsored by the Malaysian Association of Tour and Travel Agents (Matta) and Meeting, Incentives, Convention
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Re: Green Packet

Postby winston » Sun Jul 05, 2020 5:51 pm

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We refer to the earlier announcements in relation to the Private Placement. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.

On behalf of the Board, RHB Investment Bank wishes to announce that the issue price for the first tranche of the Private Placement has been fixed on 2 July 2020 (“Price-Fixing Date”) at RM0.52 per Placement Share (“First Tranche”).

The issue price of RM0.52 per Placement Share represents a discount of approximately 4.27% to the five (5)-day VWAMP of GPB Shares up to and including 1 July 2020 (being the last market day prior to the Price-Fixing Date) of RM0.5432 per GPB Share.

For information purposes, the actual number of Placement Shares to be placed out under the First Tranche will depend on the final acceptance by the identified placees. Any Placement Share not placed out under the First Tranche will be included in the subsequent tranches. The issue price for each subsequent tranche will be determined and announced by the Board separately.
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Re: Green Packet

Postby winston » Thu Jul 09, 2020 8:19 am

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Green Packet shares rises on active trade

Last week, Green Packet reported a net loss of RM34.07 million for the first quarter ended March 31, 2020 (1QFY20), much wider than the RM13.88 million net loss a year earlier, as a result of higher costs and a fair value adjustment for an investment during the period under review.

The higher loss was mainly due to the fair value adjustment provided for the investment as at March 31, 2020 of RM17.25 million, coupled with higher business development costs incurred for the digital services and communications retail business, the group said.

This was despite a 50% increase in revenue to RM147.05 million, from RM97.94 million a year ago, on the back of higher sales across its business segments.

Green Packet designs and produces wireless broadband devices, user-centred products, applications and services that enable the delivery of valuable digital experiences, according to its website.

Source: The Edge

https://www.theedgemarkets.com/article/ ... tive-trade
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Re: Green Packet

Postby winston » Fri Jul 10, 2020 7:59 am

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Green Packet unit KiplePay inks deal to support digitalisation of schools

by Chee Gee Ren

PETALING JAYA (July 9): KiplePay Sdn Bhd, a wholly-owned subsidiary of Green Packet Bhd, signed a memorandum of understanding (MoU) with the Malaysia Xiang Lian Youth Association Charity and Education Fund today, to support the association’s corporate social responsibility (CSR) programme on digitalising 500 schools in Malaysia through cashless solutions and AI facial recognition.

The CSR programme aims to create an end-to-end digital experience from digitalising the school attendance, capturing and recording the students’ temperature and adopting a cashless solution for the convenience of students, teachers, merchants, and parents, according to a statement.

Malaysia Xiang Lian Youth Association president Datuk Seri Dr King Lim Chin Fui said the Covid-19 pandemic was a wake-up call for the adoption of technologically advanced protection systems in schools.

“It is a key priority for the association to protect the safety and wellbeing of the schoolchildren. Hence, we are honoured to pioneer this digital school safety and cashless CSR programme with Green Packet as we believe this digital platform will be able to address the school needs which include preparing the schools to face any disease outbreaks or pandemic in future,” he said.

KiplePay chief executive office Kay Tan shared similar sentiments with Lim, adding that digital platforms allow parents to pre-order food for their children and monitor their children’s purchases using applications and allow the students to enjoy a seamless and contactless process of collecting food which omits the long time spent in queuing.

“We are fully supportive of the CSR programme as we believe in making digital technology accessible across all schools in Malaysia by increasing its affordability,” she said, adding that cashless environments could reduce bullying and extortion among students carrying cash.

Tan also said the group is currently working on facial recognition technology to power cashless and contactless purchases.

“We are seeing a wider acceptance of facial recognition technology as a biometric method to securely identify each and every individual. Just imagine that the students are able to collect pre-ordered food at the cafeteria by scanning their faces, which is linked to their parents’ e-wallet,” said Tan.

With more schools reopening soon, KiplePay is also assisting schools across the country in complying with the standard operating procedures set by the Education Ministry through

KipleLive solution, another Green Packet property technology brand that helps in temperature screening and registration of students.

KiplePay has pioneered many digital initiatives in the education sector such as the KipleUNI programme launched with Bank Islam Malaysia Bhd last year.

Green Packet shares were down eight sen or 12.12% to 58 sen, giving the telecommunications company a value of RM590.858 million.

The counter peaked at a high of RM1.44 this year on May 18 but pared most of its gains. Year-to-date, it has contracted nearly 16%.

Source: The Edge

https://www.theedgemarkets.com/article/ ... on-schools
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Re: Green Packet

Postby winston » Fri Jul 10, 2020 8:23 am

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Green Packet CEO sells 30 million shares

Jul 09, 2020

Sources said it could be a China party that acquired the shares from Puan Chan Cheong.

PETALING JAYA: Green Packet Bhd’s managing director and chief executive officer Puan Chan Cheong has disposed of 30 million shares via an off-market transaction.

The block was sold at a price of 65 sen per share, which was at a 30% premium from the closing price on Tuesday at 50 sen.

Sources said it could be a China party that acquired the shares from Puan.

After the sale, he now holds a direct interest of 92.93 million shares in the group, or a 9.29% stake.

He also has an indirect interest of 16.9%.

Green Packet was among the top active market movers yesterday with 156.89 million shares traded.

Source: The Star

https://www.klsescreener.com/v2/news/vi ... ion-shares
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Re: Green Packet

Postby winston » Mon Jul 27, 2020 8:29 am

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MULTIPLE PROPOSALS GREEN PACKET BERHAD ("GPB" OR THE "COMPANY")
(I) PROPOSED DILUTION;
(II) PROPOSED ACQUISITION;
(III) PROPOSED EXCHANGEABLE MTNS ISSUANCE; AND
(IV) PROPOSED SUBSCRIPTION OF CONVERTIBLE MTNS (COLLECTIVELY, THE "PROPOSALS")

https://www.bursamalaysia.com/market_in ... id=3071722
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Re: Green Packet

Postby winston » Mon Jul 27, 2020 9:31 am

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Green Packet sells WeBe stake

The agreement entails surrendering all its shares and convertible medium-term notes (CMTN) related to WeBe Digital Sdn Bhd back to TM. In a filing with Bursa Malaysia last Friday, Green Packet said both parties had come to an agreement to swap MTN issued by Green Packet and held by TM in return for all the securities and debt instruments that Green Packet held in WeBe.

PETALING JAYA: Green Packet Bhd, which in 2014 sold a controlling interest in its mobile business to Telekom Malaysia Bhd (TM), has entered into an agreement with the latter to divest its remaining interest in the asset that would leave the company debt free to pursue its current objectives.

The agreement entails surrendering all its shares and convertible medium-term notes (CMTN) related to WeBe Digital Sdn Bhd back to TM.

In a filing with Bursa Malaysia last Friday, Green Packet said both parties had come to an agreement to swap MTN issued by Green Packet and held by TM in return for all the securities and debt instruments that Green Packet held in WeBe.

Green Packet had in 2014, sold a partial 57% in WeBe, formerly known as Packet One Networks (M) Sdn Bhd, to TM in a deal that valued WeBe at RM350mil.

TM had also extended a further RM186.7mil to Green Packet via the issuance of redeemable exchangeable bonds.

TM explained in its own filing on Friday that upon completion of the exchange arrangement, it will end up with 91.8% of WeBe, with SK Telecom Co Ltd holding the balance of 8.2%.

In Green Packet’s case, the move will have a significant impact on its balance sheet by removing almost all its debt, all of which had been sitting on its books due to equity accounting treatment from its balance holdings in WeBe.

Another significant result would be that the exit from WeBe cements Green Packet’s pivot away from its original business of mobile telecommunications into the new businesses it had embarked on over the last few years.

This includes fintech, proptech and major plans for entering the cloud computing business as well as building itself to become a regional digital bank.

Based on Friday’s filing, Green Packet said that it “will recognise a fair value gain of approximately RM63.1mil” from the deal.

Notably, the company also said the exchange “is expected to result in gross annual interest savings of RM14.9mil per annum” for Green Packet.

That comes about as a result of no longer having to pay the coupon rate of 8% on debt papers it had issued to TM from the time of the 2014 sale of WeBe.

A person familiar with the situation explains the impact of the exchange.

“The fair value gain of RM63mil should increase by another RM9.5mil to around RM72.5mil by the closing of Green Packet’s third quarter as they have recognised two quarters of the debt interest payments in the first half of FY2020, ” he said.

In a nutshell, he explains, the exercise is a “total clean up of Green Packet’s balance sheet” as its gearing will be reduced to zero and it will extinguish the RM20mil in annual interest payments.

This, in turn, puts Green Packet in a good position to gear up. With shareholder funds of about RM400mil, and using an undemanding gearing level of say 0.5 times, Green Packet should be able to easily raise RM200mil.

The monies could be used to fund its growth plan, which includes building a cloud computing business with Internet giant Tencent Holdings Ltd, as speculated by media reports.

To be sure, Green Packet, which had RM50mil in cash as at March 31,2020, has received another RM30mil in warrant conversions over the last month or so.

It has also conducted a placement of 10% of its shares which should have raised it around RM50mil.

As for TM, the incumbent telecommunications firm said the exercise “will allow TM to better leverage its nation-building expansion initiatives in delivering broadband beyond fibre to reach especially underserved and rural areas, as well as in accelerating TM’s fixed-mobile convergence aspiration.”

https://www.klsescreener.com/v2/news/view/707259
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