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Buyout.
Acquisition pending.
JAKARTA, Indonesia, PRNewswire/ -- KinerjaPay Corp. (OTCQB: KPAY), an Indonesian-based fintech and mobile payment solution Company based in Jakarta, today announced that its Chief Executive Officer, Mr. Edwin W. Ng is in discussions to explore synergistic and collaborative alliances with strategic investor Kozjin International Group (Kozjin).
Signing Ceremony at Kozjin Office
Signing Ceremony at Kozjin Office
Kozjin is an innovative fintech company using blockchain technology across its portfolio of businesses including real estate, showbiz, business schools, and aesthetic products, spread across Taiwan, Japan, Malaysia and Singapore. Kozjin's recent success in Real Estate integration projects in Malaysia and Vietnam has transformed the Company into a fully capitalized Company in Blockchain technology.
Mr. Ng said, "This partnership will transform KinerjaPay Corp into a much stronger company. With Kozjin Group as our strategic investor, it will help KPAY grow beyond Indonesia to other markets such as Malaysia, Singapore, Vietnam, Taiwan and Japan."
Kozjin has a strong and growing presence in the region and is actively seeking to expand its footprint both in width and depth of market presence, and also in its portfolio of businesses using blockchain technology. The strategic investment will focus towards building up the business revenue of the Company in eCommerce sector, Peer-to-Peer Lending platform, and expansion to other regions such as Malaysia, Vietnam, Taiwan and Japan.
Kozjin's Founder and Group Chairman, Dato' Sri Francis Ang commented, "Upon the successful strategic investment, Kozjin will support KinerjaPay to enter into foreign markets which we currently have our foothold and presence, such as Malaysia, Vietnam, Taiwan and Japan. We will introduce KPAY's platform to our existing market, and help reinvent the business to a new level." Dato' Sri Francis Ang continued, "We believe that this potential strategic investment will create a strong synergistic growth momentum for both KPAY and also Kozjin as a group."
In view of the shared goal of creating greater values for clients, both parties are currently conducting in-depth discussions and the accompanying due diligence.
About KinerjaPay
KinerjaPay enables consumers to "Pay, Play and Buy" through its secure web portal and mobile applications. Based in Indonesia, the Company provides an easy and convenient payment solution while shopping online at its marketplace platform. With its current omni-channel platform, users can perform various payment services such as credit card bill payment, utility, phone bill, healthcare insurance and direct transfer to anyone at their convenience. KinerjaPay is also planning to launch other eCommerce verticals such as travel market, delivery services, and online gaming in the near future. The Company's services are available through its mobile applications and on its website at www.kinerjapay.com.
Notice Regarding Forward-Looking Statements
This press release may contain forward-looking statements, about KPAY's expectations, beliefs or intentions regarding, among other things, its product development efforts, business, financial condition, results of operations, strategies or prospects. In addition, from time to time, KPAY or its representatives have made or may make forward-looking statements, orally or in writing.
Forward-looking statements can be identified by the use of forward-looking words such as "believe," "expect," "intend," "plan," "may," "should" or "anticipate" or their negatives or other variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical or current matters. These forward-looking statements may be included in, but are not limited to, various filings made by KPAY with the U.S. Securities and Exchange Commission, press releases or oral statements made by or with the approval of one of KPAY's authorized executive officers. Forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because forward looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause KPAY's actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause KPAY 's actual activities or results to differ materially from the activities and results anticipated in such forward-looking statements, including, but not limited to, the factors summarized in KPAY 's filings with the SEC. In addition, KPAY operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond its control. KPAY does not undertake any obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. Please see the risk factors associated with an investment in our securities which are included in our Annual Report on Form 10-K as filed with the SEC on April 20, 2018 and most recently in our Registration Statement on Form S-1/A filed with the SEC on December 21, 2018, pursuant to which we are offering 300,000 Shares of 11% Series C Cumulative Redeemable Perpetual Preferred Stock at $25.00 Per Share.
For more information, please visit our website http://www.kinerjapay.co. There you will find access to all of our past press releases and SEC filings regarding the activities discussed in this release.
Acquisition?
Huh?$@&$&&&!!!!!!!!
This is a vital development prior to Activating its $25 Million Credit Facility
JAKARTA, Indonesia, Jan. 27, 2020 /PRNewswire/ -- The Company's representative confirms today that its local bank in Jakarta, Indonesia, China Construction Bank, Jakarta will receive a SWIFT transmission of a $30 million, Bank of China, MT-799 within this week currently being scheduled on January 29th, 2020. The MT-799 is a pre-advice transmission alerting KinerjaPay Corp's bank to accept a final transmission of the actual Bank of China MT-760 bank guarantee. The terms of our non-recourse, $25 million credit facility allows the Company to draw down a net $22.5 million evenly over three months. The first drawdown should be within days of the receipt of the MT-760. We expect to receive the final MT-760 within a short period after the banks reopen after the Chinese New Year holiday break. The MT-799 will be sent on behalf of Infinity Venture Capital Pte. Ltd., a Singaporean based corporation owned by Indonesian investors. On January 22, 2020, Infinity executed a $200 million subscription agreement for a series of convertible preferred which converts into equity at $1.80/share with a 7% annual dividend. This convertible preferred has no anti-dilution rights. Upon receipt of the first $22.5 million, the Company will deliver the same value of the convertible preferred series mentioned above. It is Infinity's intention to deliver the remaining $177.5 million in the same manner, as fast as the Company's bank will increase the credit facility to lend on non-recourse basis versus these guarantees.
Mr. Edwin W. Ng, CEO of KinerjaPay Corp. (OTCQB: KPAY) said: "We are excited to finally conclude our negotiation with our Investor to receive the Bank Guarantee that we need to begin the first equity round under the credit line process. We have gone through an extensive education to finally reach our goal of using these bank guarantees to fund our KFUND lending operations, as well as other uses that we have previously disclosed. We are still awaiting Gabriel Capital Ltd.'s right sized bank guarantee. They have been having trouble breaking up their commitment into guarantees smaller than $100 million at a time. We are also in advanced discussions with several other groups to send MT-760 guarantees acceptable to our bank. We are gratified that Infinity believes enough in KPAY's ecommerce and lending platform such that they committed equity at a substantial premium to our currently traded stock price. They agree we have a bright future! With the proceeds of the investment, we intend to pay off our convertible debt, which has been depressing the stock price, as well as advance our previously announced stock buy back program. We believe the Company's year-long attempt to raise substantial equity is nearing its end."
About KinerjaPay
KinerjaPay enables consumers to "Pay, Play and Buy" through its secure web portal and mobile applications. Based in Indonesia, the Company provides an easy and convenient payment solution while shopping online at its marketplace platform. With its current omni-channel platform, users can perform various payment services such as credit card bill payment, utility, phone bill, healthcare insurance and direct transfer to anyone at their convenience. KinerjaPay is also planning to launch other eCommerce verticals such as travel market, delivery services, and online gaming in the near future. The Company's services are available through its mobile applications and on its website at www.kinerjapay.com.
Huh??$@&&&???
Buyout?
?!?!?&@&$&&?
JAKARTA, Indonesia, 2020 /PRNewswire/ -- The Company's Investor, Infinity Venture Capital Pte Ltd., a Singaporean-based Corporation told the Company that the COVID-19 Pandemic has delayed the issuance of the MT799 and MT760 Bank Guarantee of US$25 million into the week ending, April 10th 2020. The Company has an established line of credit with PT. Bank China Construction Bank Indonesia, Jakarta for US$25 million.
Mr. Edwin W. Ng., Chairman & CEO of KinerjaPay Corp. (OTCQB: KPAY) said: "Given our Investor's constant communication with us and with their Bank, we are convinced that the Company shall receive this first of eight guarantees of US$25 million from this investor. We hope to report back to our Shareholders later this week or early next week with the excellent news once we have received the guarantee."
Smack
Smack smack smack
Buyout?
The smack guy is back
Acquisition?
?????!!!!!!???? Remember and don’t go numb on what’s happened prior:
JAKARTA, Indonesia,PRNewswire/ -- The Company's Investor, Infinity Venture Capital Pte Ltd., a Singaporean-based Corporation told the Company that the COVID-19 Pandemic has delayed the issuance of the MT799 and MT760 Bank Guarantee of US$25 million into the week ending, April 10th 2020. The Company has an established line of credit with PT. Bank China Construction Bank Indonesia, Jakarta for US$25 million.
Mr. Edwin W. Ng., Chairman & CEO of KinerjaPay Corp. (OTCQB: KPAY) said: "Given our Investor's constant communication with us and with their Bank, we are convinced that the Company shall receive this first of eight guarantees of US$25 million from this investor. We hope to report back to our Shareholders later this week or early next week with the excellent news once we have received the guarantee."
Same as this:
JAKARTA, Indonesia, April 6, 2020 /PRNewswire/ -- The Company's Investor, Infinity Venture Capital Pte Ltd., a Singaporean-based Corporation told the Company that the COVID-19 Pandemic has delayed the issuance of the MT799 and MT760 Bank Guarantee of US$25 million into the week ending, April 10th 2020. The Company has an established line of credit with PT. Bank China Construction Bank Indonesia, Jakarta for US$25 million.
Mr. Edwin W. Ng., Chairman & CEO of KinerjaPay Corp. (OTCQB: KPAY) said: "Given our Investor's constant communication with us and with their Bank, we are convinced that the Company shall receive this first of eight guarantees of US$25 million from this investor. We hope to report back to our Shareholders later this week or early next week with the excellent news once we have received the guarantee."
About KinerjaPay
KinerjaPay enables consumers to "Pay, Play and Buy" through its secure web portal and mobile applications. Based in Indonesia, the Company provides an easy and convenient payment solution while shopping online at its marketplace platform. With its current omni-channel platform, users can perform various payment services such as credit card bill payment, utility, phone bill, healthcare insurance and direct transfer to anyone at their convenience. KinerjaPay is also planning to launch other eCommerce verticals such as travel market, delivery services, and online gaming in the near future. The Company's services are available through its mobile applications and on its website at www.kinerjapay.com.
Notice Regarding Forward-Looking Statements
Remember this? 1.12/share to .0003
10:54 AM ETKinerjaPay Corp. (KPAY)By: Liz Kiesche, SA News Editor
KinerjaPay (OTCQB:KPAY) +18% after announcing it's ready to start its own application for micro-lending in Indonesia.
Trading at $1.12 this morning, the shares are still less than half its 52-week high of $2.84, reached on Oct. 16.
Trading volume at 50,805 vs. three-month daily average 97,541.
KinerjaPay will mainly target the consumer sector to provide loans in the range of $100 to $1,000 on biweekly or monthly terms.
The company will get a 5% fee from the transactions, and estimates 1,00 transactions in the first few months of the launch.
Source: Press Release
Wahana too?
KinerjaPay receives subscription for $200mln investment from Wahana Group.
Timber!!!!!!!!!
.0001/share coming very soon!
Timber!!!!!!!!!!!’n
Hello!!!!!!!!
KPAY is a is a total scam stock.
SCAM
JAKARTA, Indonesia, 2020 /PRNewswire/ -- The Company's Investor, Infinity Venture Capital Pte Ltd., a Singaporean-based Corporation told the Company that the COVID-19 Pandemic has delayed the issuance of the MT799 and MT760 Bank Guarantee of US$25 million into the week ending, April 10th 2020. The Company has an established line of credit with PT. Bank China Construction Bank Indonesia, Jakarta for US$25 million.
Mr. Edwin W. Ng., Chairman & CEO of KinerjaPay Corp. (OTCQB: KPAY) said: "Given our Investor's constant communication with us and with their Bank, we are convinced that the Company shall receive this first of eight guarantees of US$25 million from this investor. We hope to report back to our Shareholders later this week or early next week with the excellent news once we have received the guarantee."
KPAY now doing a crypto ponzu scheme because their other scams have run out- pathetic
Securities and Exchange Commission investigations into KPAY stock fraud must have started already
Go at it.
Scam. KPAY is nothing but a big Stock fraud
Pathetic. KPAY total fraudulent scam and Securities and Exchange Commission will get them.
Why?
KPAY is the biggest fraudulent scam on the OTC the last 18 months. Nobody will touch it and the SEC must be investigating all the fraudulent press releases.
Explain
Stocks dead
Yippee
KPAY CURRENT AND PAST STOCKHOLDERS:
U.S. SECURITIES AND EXCHANGE COMMISSION
Report Suspected Securities Fraud or Wrongdoing
Submit a Tip
b Submit a Tip
**The TCR complaint form is compatible for use with Microsoft Internet Explorer (IE) version 11, Safari, Mozilla Firefox and Google Chrome (please note that use of the Chrome browser may result in some visual format issues including the display of instructional pop up boxes). **
Fraudulent or unregistered offer or sale of securities, including things like
Ponzi schemes
Pyramid schemes
High-Yield Investment Programs
Theft or misappropriation of funds or securities
Manipulation of a security's price or volume
Insider trading
False or misleading statements about a company (including false or misleading SEC reports or financial statements)
Failure to file required reports with the SEC
Bribery of, or improper payments to, foreign officials
Fraudulent conduct associated with municipal securities transactions
Exactly- another pump and dump even after all this destruction of shareholders so far scamming them out of everything. This is another vague fuzzy report. And KPAY is not compliant talk about BS.
Nothing and I mean absolutely nothing will stop this scam fraudulent train wreck.
It is obvious this is just another chapter of the fraud.
JAKARTA, Indonesia, June 8, 2020/PRNew
CURRENT AND PAST STOCKHOLDERS:
U.S. SECURITIES AND EXCHANGE COMMISSION
Report Suspected Securities Fraud or Wrongdoing
Submit a Tip
b Submit a Tip
**The TCR complaint form is compatible for use with Microsoft Internet Explorer (IE) version 11, Safari, Mozilla Firefox and Google Chrome (please note that use of the Chrome browser may result in some visual format issues including the display of instructional pop up boxes). **
Fraudulent or unregistered offer or sale of securities, including things like
Ponzi schemes
Pyramid schemes
High-Yield Investment Programs
Theft or misappropriation of funds or securities
Manipulation of a security's price or volume
Insider trading
False or misleading statements about a company (including false or misleading SEC reports or financial statements)
Failure to file required reports with the SEC
Bribery of, or improper payments to, foreign officials
Fraudulent conduct associated with municipal securities transactions
KPAY CURRENT AND PAST STOCKHOLDERS:
U.S. SECURITIES AND EXCHANGE COMMISSION
Report Suspected Securities Fraud or Wrongdoing
Submit a Tip
b Submit a Tip
**The TCR complaint form is compatible for use with Microsoft Internet Explorer (IE) version 11, Safari, Mozilla Firefox and Google Chrome (please note that use of the Chrome browser may result in some visual format issues including the display of instructional pop up boxes). **
Fraudulent or unregistered offer or sale of securities, including things like
Ponzi schemes
Pyramid schemes
High-Yield Investment Programs
Theft or misappropriation of funds or securities
Manipulation of a security's price or volume
Insider trading
False or misleading statements about a company (including false or misleading SEC reports or financial statements)
Failure to file required reports with the SEC
Bribery of, or improper payments to, foreign officials
Fraudulent conduct associated with municipal securities transactions
SCAM
This is a vital development prior to Activating its $25 Million Credit Facility
JAKARTA, Indonesia, 2020 /PRNewswire/ -- The Company's representative confirms today that its local bank in Jakarta, Indonesia, China Construction Bank, Jakarta will receive a SWIFT transmission of a $30 million, Bank of China, MT-799 within this week currently being scheduled on January 29th, 2020. The MT-799 is a pre-advice transmission alerting KinerjaPay Corp's bank to accept a final transmission of the actual Bank of China MT-760 bank guarantee. The terms of our non-recourse, $25 million credit facility allows the Company to draw down a net $22.5 million evenly over three months. The first drawdown should be within days of the receipt of the MT-760. We expect to receive the final MT-760 within a short period after the banks reopen after the Chinese New Year holiday break. The MT-799 will be sent on behalf of Infinity Venture Capital Pte. Ltd., a Singaporean based corporation owned by Indonesian investors. On January 22, 2020, Infinity executed a $200 million subscription agreement for a series of convertible preferred which converts into equity at $1.80/share with a 7% annual dividend. This convertible preferred has no anti-dilution rights. Upon receipt of the first $22.5 million, the Company will deliver the same value of the convertible preferred series mentioned above. It is Infinity's intention to deliver the remaining $177.5 million in the same manner, as fast as the Company's bank will increase the credit facility to lend on non-recourse basis versus these guarantees.
Mr. Edwin W. Ng, CEO of KinerjaPay Corp. (OTCQB: KPAY) said: "We are excited to finally conclude our negotiation with our Investor to receive the Bank Guarantee that we need to begin the first equity round under the credit line process. We have gone through an extensive education to finally reach our goal of using these bank guarantees to fund our KFUND lending operations, as well as other uses that we have previously disclosed. We are still awaiting Gabriel Capital Ltd.'s right sized bank guarantee. They have been having trouble breaking up their commitment into guarantees smaller than $100 million at a time. We are also in advanced discussions with several other groups to send MT-760 guarantees acceptable to our bank. We are gratified that Infinity believes enough in KPAY's ecommerce and lending platform such that they committed equity at a substantial premium to our currently traded stock price. They agree we have a bright future! With the proceeds of the investment, we intend to pay off our convertible debt, which has been depressing the stock price, as well as advance our previously announced stock buy back program. We believe the Company's year-long attempt to raise substantial equity is nearing its end."
KPAY:Fraudulent Scam company
JAKARTA, Indonesia 2020 /PRNewswire/ -- KinerjaPay Corp (OTCQB: KPAY) reported that the Company has incurred additional costs for the issuance of the MT-799 Bank Guarantee. This has delayed the receipt. Mr. Edwin W. Ng's (Chairman & CEO of KinerjaPay) recent $1 million equity infusion into the Company has enabled the Company to handle this burden. Recent changes in the issuing Bank's Compliance Department has increased the cost of issuing the
KPAY CURRENT AND PAST STOCKHOLDERS:
U.S. SECURITIES AND EXCHANGE COMMISSION
Report Suspected Securities Fraud or Wrongdoing
Submit a Tip
b Submit a Tip
**The TCR complaint form is compatible for use with Microsoft Internet Explorer (IE) version 11, Safari, Mozilla Firefox and Google Chrome (please note that use of the Chrome browser may result in some visual format issues including the display of instructional pop up boxes). **
Fraudulent or unregistered offer or sale of securities, including things like
Ponzi schemes
Pyramid schemes
High-Yield Investment Programs
Theft or misappropriation of funds or securities
Manipulation of a security's price or volume
Insider trading
False or misleading statements about a company (including false or misleading SEC reports or financial statements)
Failure to file required reports with the SEC
Bribery of, or improper payments to, foreign officials
Fraudulent conduct associated with municipal securities transactions
Remember that the SECURITIES and EXCHANGE COMMISSION is concerned about STOCK FRAUD.
JAKARTA, Indonesia, May 27, 2020 /PRNew/ -- KPAY has clearly been the biggest stock fraud scheme on the Penny stock circuit. Total no limits on how many fraudulent press releases have occurred the last 24 months. This has been an abominable abuse to the many shareholders that have been suckered into this FRAUD. Shocking how bold KPAY and Edwin Ng have been at repeatably lying and cheating their way to bankruptcy for shareholders but pocketing millions for themselves.
SEC investigation must be in process
Just a scam
KinerjaPay Corp. (OTCQB: KPAY) MT-799 Updates: Expect to Receive Its First Bank Guarantee
JAKARTA, Indonesia,
JAKARTA, Indonesia, -- The Company's Investor, Infinity Venture Capital Pte Ltd., a Singaporean-based Corporation told the Company that the COVID-19 Pandemic has delayed the issuance of the MT799 and MT760 Bank Guarantee of US$25 million into the week ending, April 10th 2020. The Company has an established line of credit with PT. Bank China Construction Bank Indonesia, Jakarta for US$25 million.
Mr. Edwin W. Ng., Chairman & CEO of KinerjaPay Corp. (OTCQB: KPAY) said: "Given our Investor's constant communication with us and with their Bank, we are convinced that the Company shall receive this first of eight guarantees of US$25 million from this investor. We hope to report back to our Shareholders later this week or early next week with the excellent news once we have received the guarantee."
JAKARTA, Indonesia, May 29,2020 /PRNew/ -- KPAY is ready to finally be shut down for massive stock fraud and prosecution and prison for those involved.After nearly two years of fraudulent press releases and other scam moves the end is near.Peer to Peer Lending has just been one more part of this massive stock fraud Ponzi scheme.
Yeah looking nice.......if you want to be on the tail end of KPAY’s massive stock Fraud that has been going on over a year.