Involve issuance of new type/class of securities ? No Types of corporate proposal Others Details of corporate proposal Share Issuance No. of shares issued under this corporate proposal 10,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0860 Par Value ($$) Malaysian Ringgit (MYR) 0.000 Latest issued and paid up share capital after the above corporate proposal in the following
Units 730,724,175 Currency Malaysian Ringgit (MYR) 0.000 Listing Date 20 Mar 2017
I_want_to_be_richXOX drop because M3Tech drop. Now M3Tech up back so XOX turn to come soon?
63333336Agree wi pavillion. Will go back to 0.1, 0.095
ABCnewbieAgreed too. Not possible to move up the price as MB will not subscribethe remaining shares (120++ millions). They probably the seller now and get some profit. After that will let the price drop back to 9.5-10 cents and subsribe the remaining...
63333336Heavy road block. Dato chai also dun want d price go up. He also want fast fast settle mb subscription.
ABCnewbieWhy there is no announcement on the MB as substantial shareholders? They should be largest shareholder by now. Even if MB just pledged accounts for someone/institutions, they still require to announce right? Or they sell it off straight away (if that even possible?)
billionaire88Can someone tell what is the rationale for XOX management to issue new shares to MB below par?
billionaire88Is there a moratorium on the shares issued to MB? If no moratorium, we all die loh if MB were to cash out at RM.10 or lower.
PavillionThey need money. Their private placement nobody want i.e. undersubscribed
ABCnewbieXOX revised the private placement: 1. From 400 mil down to 250 mil 2. From 10 cents to 90% of the closing price. First, they said it will raised RM40 mil for Voopee expansion plan but it seems they can only get around RM20++ mil.
Please note that last year right issues already raised RM40 mil and supposedly have extra after expenditure spending. Last year financial released shown losses of RM700k. Interesting to see if this year will be better or worst.
limchTanco takeover price only 8 sen why 3 sen higher?
limchEven loss making Trive 18 sen how to choose share in Bursa?
ABCnewbie@limch - I'm not looking at QR. The losses is for accumulative year 2016 (4 QRs) @billionaire88 - MB can cash out the shares as they like. The agreement stated 1. Cannot hold more than 10% of issued shares 2. Cannot undertake mandatory take over 3. Cannot breach foreign ownership limit (but can sell at anytime)
Look like MB is given chance to profit from this exercise (maybe at least RM2-2.5 mil)
limchI ask how to invest in Bursa why no answer? Why Trive 18 sen with loss QR?
lee77Simple question... why MB bank choose xox counter??
fire38211trive n xox same boss. same goes for anzo and vizione
ABCnewbie@limch - I honestly do not know how to invest in Bursa. The reason why I bought XOX late last year mainly due to 1. They have Lee Chong Wei as ambassador 2. The price during that time 12.5 cents and I hope to double it by year 2018 (Only bought 100k shares @ RM12.5k). Its a gamble really. As for trading know-how and financial numbers, I am still learning.
limchMore important are there benefits to us shareholders? Why share price keep dropping even bull run? Last time bear market XOX also can reach 70 sen why bull run stuck at 10 sen only?