Small_Fishcannot convert if no QA. become rubbish T_T
supermixEveryone who are still not sure of the conversion, then read this below...after reading, then go out & buy as it is still cheap.
5229WA CAP-WA CHINA AUTOMOBILE PARTS HLD LTD-WARRANTS Profile for Warrants
Instrument Type : Warrants Description : Warrants issued pursuant to the Bonus Issue of Warrants Listing Date : 03/01/2014 Issue Date : 30/12/2013 Issue/ Ask Price : Not Applicable Issue Size in Unit : 300,000,000 Maturity Date : 29/12/2016 Revised Maturity Date : Exercise/Conversion Period : 3.00 Year(s) Revised Exercise/Conversion Period : Exercise/ Strike/ Conversion Price : MYR 0.3500 Revised Exercise/ Strike/ Conversion Price : Exercise/ Conversion Ratio : 1 Warrant : 1 ordinary share of US$0.10 each in CAP Revised Exercise/ Conversion Ratio : Mode of Satisfaction of Exercise/Conversion Price : Cash Settlement Type/ Convertible into : Physical (Shares) Remarks : The Warrants are issued to the entitled shareholders of China Automobile Parts Holdings Limited ("CAP") on the basis of one (1) free Warrant for every two (2) existing ordinary shares of US$0.10 each in CAP ("Share") held at 5.00 p.m. on 30 December 2013. Each Warrant carries the entitlement to subscribe for one (1) new CAP Share at the exercise price of RM0.35 and at any time during the exercise period as indicated above ("Exercise Period"), subject to the adjustments in accordance with the provisions of the deed poll dated 9 December 2013, constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 2 January 2014.
Wolverin3Well, from my observation, Hibiscus Petroleum took 2 and a half months to get the QA approved from SC. Cliq supposedly submitted their QA on the 1st August. Its already been three months.... You can draw your own conclusions. Useless counter in my opinion.
cliqdirectorbabiNot a useless counter, but a useless director who do nothing but enjoy taking the salary from investor !
ktsk88They getting the QA for so much that they need to tapped into right's issue to finance the purchase and the assets not even 100% controlling interest.