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AT company has spent an amount of RM32,999,217.13 to buy TRIVE shares.

Each share that represents RM0.11.

Trive is a company that is involved in the trading of solar panels and related products as well as construction and property development.

Share price of Trive has fallen since year 2017 from RM3.16 to RM0.12 today.

Annual net profit has been in the negative for many years as well.


Why did AT buy more of Trive shares? (Knowing Trive has terrible reputation and horrible share price movement)

First of all, Mr Choong Lee Aun & Mr Yong Man Chai are Directors of AT and Trive.

The purpose for this investment is to allow Trive to obtain full control of Persoft Tower (office building with MSC status) strategically located in close proximity to busy suburbs such as Damansara Jaya, Damansara Utama, Bandar Utama, Ara Damansara and Kota Damansara.


What is MSC status?

MSC Malaysia status is a recognition by the Government of Malaysia through the Multimedia Development Corporation (MDeC), for ICT and ICT-facilitated businesses that develop or use multimedia technologies to produce and enhance their products and services.


What are the benefit of receiving MSC status?

Below are some of the incentives granted to MSC Malaysia status companies :

- Provide or heavy user of IT & multimedia products & services

- Pioneer Status privilege with a five (5) + five (5) year 100% exemption from taxable statutory income (on income derived from qualifying activities) starting from the date when the company starts generating income, renewable to 10 years

- 100% Investment Tax Allowance (ITA) on new investments made in MSC Malaysia Cybercities/Cybercentres, commencing from the date on which the first qualifying capital expenditure is incurred.

- Eligible for R&D grants (for majority Malaysian owned MSC Malaysia status companies)

- Freedom to source capital globally for MSC Malaysia infrastructure and the right to borrow funds globally.

- Freedom of ownership by exempting companies with MSC Malaysia status from local ownership requirements.

- Unrestricted employment of foreign knowledge workers.

- Duty-free importation of multimedia equipment, provided that the equipment is used by the company in the operation of its business, and not for direct sale and trading or use as components in manufactured items.

- Globally competitive telecommunication tariffs and services guarantees if MSC Malaysia status companies are located within the MSC Malaysia.

- Intellectual property protection and a pioneering and comprehensive framework of cyberlaws can be enjoyed by MSC Malaysia status companies irrespective of location.


The other benefits of full control of Persoft Tower

To enhance and extract the value of Persoft Tower, thus enjoy all the future benefits that may accrued from Persoft Tower that comes with rental income and potential capital appreciation in its market value.

Trive Property has considered to turn the property into a boutique hotel. Selling points being it is in a strategic location and good accessibility.



If you have any other info or if what i wrote is incorrect, do comment below so that i can edit it.









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