QUANTUM METAL SDN BHD (1011907U) (“QMSB”) is a fully owned subsidiary of Quantum Metal Exchange Inc (OTC: QMEI). Incorporated in Malaysia in 2012, QMSB primarily engaged in supplying and trading precious metal and gold products.
Through the digitalization of physical gold, Quantum Metal provides economy recovery solutions to QBEB members and local markets. This transformative step by Quantum Metal propelled the age-old concept of gold-backed into the realm of modern technology, securing partnerships with prestigious banks and cooperative organizations in Malaysia.
Embarking on the strategic journey of Corporatization, Digitalization, and Globalization, Quantum Metal is committed to shaping a sustainable future where shared prosperity is attained and backed by gold, a trusted asset class for centuries.
Provides technology development and services, banking system solutions, and trading of precious metals to our local partners such as banks, financial institutions, co-operatives and retail market in the country.
Gold has been widely used throughout the world as money – as a medium of exchange, as a store of value.
27 March 2024
RE: Directive to Cease and Desist the Issuance and/or Offering of Quantum Metal Exchange Inc.’s Shares in Malaysia
Dear Consultants and Agency Leaders,
Reference is made to the recent cease and desist directive issued by the Securities Commission Malaysia in its letter dated 21 March 2024 to Quantum Metal Exchange Inc. and Quantum Metal Sdn Bhd (Ref No. SC/ED/EPMD/FF03-2024) (“Directive”).
We, the Management of Quantum Metal Sdn Bhd hereby formally REQUESTS all Consultants and Agency Leaders to IMMEDIATELY cease all activities related to making available or offering Quantum Metal Exchange Inc’s shares in Malaysia. This includes any content and actions conducted through websites, platforms, agents, and/or social media channels (“Activities”).
Please NOTE that this Notice is issued in strict compliance with the Directive, and failure to adhere to the instruction in this Notice constitutes an OFFENCE under Section 212(9) of the Capital Markets and Services Act 2007 and may result in legal consequences for both individuals and entities including Quantum Metal Exchange Inc. and Quantum Metal Sdn Bhd.
Quantum Metal Sdn Bhd shall not hesitate to and will IMMEDIATELY take any legal action against the Consultants and Agency Leaders who continue to perform the Activities and violated the instruction in this Notice.
We appreciate your immediate attention and cooperation in this matter. Further updates will be communicated as and when necessary.
Thank you for your understanding and cooperation.
Sincerely,
The Management of QUANTUM METAL SDN BHD