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The Board of Directors of Cuscapi Berhad (“Cuscapi”) wishes to inform that the Court of Appeal had on 18 February 2022 dismissed the Appeal with costs of RM20,000.00 awarded to Hitachi and Ong Chin Hui collectively and RM10,000.00 awarded to Her Chor Siong.
The Companies are in the midst of seeking legal advice on whether to seek leave from the Federal Court to lodge an appeal against the dismissal of the Appeal.
Board of Directors of Cuscapi ("Board") wishes to announce that the Company had on 1st March 2022 entered into a Subscription Agreement with MX Global Sdn Bhd ("MX Global") and Hachiman Technology Sdn Bhd (“Hachiman”) (collectively with Cuscapi, to be referred as “the Parties”) ("Subscription Agreement") for the Subscription of 9,000,000 Redeemable Convertible Preference Shares of RM1.00 each in MX Global for a total subscription of RM9,000,000 only to be satisfied in cash.
Save for the normal business, market and global economic risk, the Board of the Company is not aware of any other risk factors which may arise as a result of the Subscription.
hari ni teruk sentimen nk nuclear war. hrp minggu dpn dia comeback..
Cuscapi is set to reclaim its 52-week high, as it rebounded higher yesterday and breached the immediate resistance of MYR0.435 on strong volume. Coupled with a “White Marubozu” bullish candlestick printed yesterday, the bulls are expected to propel it towards MYR0.49–its 52-week high. This is followed by its all-time high of MYR0.665. Conversely, falling below the MYR0.385 support should trigger selling pressure -rhbsecurities
