CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN VSOLAR GROUP BERHAD ("VSOLAR" OR "COMPANY")(" SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 23 MAY 2023 INTO 1 SHARE ("CONSOLIDATED SHARE")("SHARE CONSOLIDATION")
================= Today share consolidated 30:1 Price consolidated from 0.005 to 0.15 New NOSH = 161,164,456
=================== Next step is to raise fund via massive share issuance for rights issue :-
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 791,850,044 NEW ORDINARY SHARES IN VSOLAR ("RIGHTS SHARES") TOGETHER WITH UP TO 395,925,022 FREE DETACHABLE WARRANTS ("WARRANTS C") ON THE BASIS OF 4 RIGHTS SHARES TOGETHER WITH 2 WARRANTS C FOR EVERY CONSOLIDATED SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON AN ENTITLEMENT DATE TO BE DETERMINED.
Hope SC/bursa forces the directors to sell quoted ciplak shares in related party punya syarikat dan cancel the right issue..macc harus siasat directors , dll
@fl888
With RM25 Million in Cash and RM45 million Investment, SC should reject their Right Issues….Their Con Share Market of 161 million is worth about RM25 million at 15cts… so what the point of 30 to 1 Con manipulation game..when the share price come to square one.
Dah consol syer, harap bursa/sc tak benarkan right issue 700juta syer++++
SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS) VSOLAR GROUP BERHAD ("VSOLAR" OR "COMPANY") SHARE CONSOLIDATION VSOLAR GROUP BERHAD
Type Announcement Subject SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS) Description VSOLAR GROUP BERHAD ("VSOLAR" OR "COMPANY")
SHARE CONSOLIDATION (Unless otherwise defined, the definitions set out in the previous announcements in relation to the Share Consolidation shall apply herein)
On behalf of the Board, M&A Securities wishes to announce that the Share Consolidation has been completed following the listing and quotation of 161,158,039 Consolidated Shares on the ACE Market of Bursa Securities with effect from 9.00 a.m. today.
This announcement is dated 24 May 2023.
Announcement Info Company Name VSOLAR GROUP BERHAD Stock Name VSOLAR Date Announced 24 May 2023 Category General Announcement for PLC Reference Number GA1-24052023-00090
right issuenya dijangka akan ditolak oleh bursa, sebaliknya lembaga pengarah diperintah untuk jualkan semua syer dalam sykt related parties, etc.... RM40juta+++
loophole kini... tiada retained earnings pun boleh beli syer listed companies lain...mafia geng biasanya akan perintah listed companies yang dikuasai mereka untuk beli syer related parties, dll....
satu model or modus operandi.... tunggu gameplay mereka je kini
On behalf of the Board, M&A Securities wishes to announce that Vsolar’s existing number of 4,834,933,699 Shares will be consolidated into 161,158,039 Consolidated Shares after 5.00 p.m. today (after disregarding the fractional entitlements arising from the Share Consolidation) pursuant to the Share Consolidation.
The Consolidated Shares will be listed and quoted on the ACE Market of Bursa Securities with effect from 9.00 a.m. on 24 May 2023.
0066 VSOLAR VSOLAR GROUP BERHAD Change in Audit Committee Date of Change: 02/05/2023 Type of Change: Appointment Designation: Others Directorate: Ind & N/Exec Name: SALMAH HAYATI BINTI GHAZALI Age: 66 Country: Nationality: Malaysia Qualifications: Working Experience and Occupation: Directorship of public companies (if any): Family relationship with any director and/or major shareholder of the listed issuer: Details of any interest in the securities of the listed issuer or its subsidiaries: Composition of Audit Committee After Change: 1. Mr. Chuah Hoon Hong Chairman (Chairman / Independent Non-Executive Director)2. Mr. Ng Chee Kin (Member / Independent Non-Executive Director)3. Datuk Salmah Hayati binti Ghazali (Member / Independent Non-Executive Director) Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN VSOLAR GROUP BERHAD ("VSOLAR" OR "COMPANY")(" SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 23 MAY 2023 INTO 1 SHARE ("CONSOLIDATED SHARE")("SHARE CONSOLIDATION")
================= On 23 May 2023, Share consolidated 30:1 Price consolidated from 0.005 to 0.15 New NOSH = 161,164,456
=================== Next step is to raise fund via massive share issuance for rights issue :-
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 791,850,044 NEW ORDINARY SHARES IN VSOLAR ("RIGHTS SHARES") TOGETHER WITH UP TO 395,925,022 FREE DETACHABLE WARRANTS ("WARRANTS C") ON THE BASIS OF 4 RIGHTS SHARES TOGETHER WITH 2 WARRANTS C FOR EVERY CONSOLIDATED SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON AN ENTITLEMENT DATE TO BE DETERMINED.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
fl888
7,550 posts
Posted by fl888 > 2023-05-24 08:56 | Report Abuse
Hidden assets manipulations by the Directors and cronies to cheat the minority shareholders....