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Based on FY2024 audited financials, MYEG Ventures failed to secure a remittance license from the Bangko Sentral ng Pilipinas (BSP). As a result, it operates purely as a holding company for the 51% stake in MYEG Philippines.
As of December 31, 2024, total shareholder equity stood at just 111.7 million PHP (roughly RM 8.5 million to RM 9.0 million), carrying accumulated losses of 3.07 million PHP.
Based on the reported figures, the acquisition price represents a 2,789% to 2,959% premium
The company clarified that MYEG Ventures holds a 51% stake in MYEG Philippines, correcting the previously misstated figure of 60%.
Final Ownership Structure: Zetrix AI already directly holds 49% of MYEG Philippines. By acquiring a 50% stake in MYEG Ventures (which translates to an indirect 25.5% stake), Zetrix AI’s combined effective ownership in MYEG Philippines will reach 74.5%, officially making it a controlled subsidiary.
Based on FY2024 audited financials, MYEG Ventures failed to secure a remittance license from the Bangko Sentral ng Pilipinas (BSP). As a result, it operates purely as a holding company for the 51% stake in MYEG Philippines.
As of December 31, 2024, total shareholder equity stood at just 111.7 million PHP (roughly RM 8.5 million to RM 9.0 million), carrying accumulated losses of 3.07 million PHP.
Based on the reported figures, the acquisition price represents a 2,789% to 2,959% premium
Don’t believe the margin call story too easily. Where’s the proof he was actually forced to sell? He could simply be exiting and using margin call as an excuse.
Don’t put too much weight on the “margin call” narrative. Where and how can we verify that he was actually forced to sell due to a margin call?
He could simply be reducing his position or exiting, and the margin call story may just be a convenient explanation.
In Bursa, don’t blindly trust everything you see or hear. Always question the source, verify the facts, and distinguish between confirmed information and market narratives.
