On 17 July 2023, UOBKH, had on behalf of the Board announced that the Company proposed to undertake a renounceable rights issue of up to 1,663,531,629 new Destini Shares at the issue price of RM0.04 per Rights Share, on the basis of 1 Rights Share for every 1 existing Destini Share held, together with up to 1,663,531,629 Warrants on the basis of 1 Warrant for every 1 Rights Share subscribed for, on an entitlement date to be determined and announced later ("Previous Proposed Rights Issue with Warrants").
On behalf of the Board, UOBKH wishes to announce that the Board had deliberated on the Previous Proposed Rights Issue with Warrants and after taking into consideration the additional funding requirements, the Company proposes to undertake a revised renounceable rights issue of up to 3,327,063,258 new Destini Shares at the issue price of RM0.04 per Rights Share, on the basis of 2 Rights Shares for every 1 existing Destini Share held, together with up to 1,663,531,629 Warrants on the basis of 1 Warrant for every 2 Rights Shares subscribed for, on an entitlement date to be determined and announced later ("Proposed Rights Issue with Warrants").
Please refer to the attachment for further details of the Proposed Rights Issue with Warrants.
============= On behalf of the Board, UOBKH wishes to announce that the listing application in relation to the Proposed Rights Issue with Warrants has been submitted to Bursa Malaysia Securities Berhad on 19 September 2023.
This announcement is dated 19 September 2023.
=========== Very very massive fund raising by directors via share issuance to rights issue
Current NOSH 1,663,531,629 might increase by 3,327,063,258 shares to close to 5 BILLION shares !!!
Be careful holding high NOSH loss making penny stocks, many have already subjected to share consolidation incurring huge losses to long term holders
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 3,327,063,258 NEW ORDINARY SHARES IN DESTINI BERHAD ("DESTINI" OR THE "COMPANY") ("DESTINI SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT THE ISSUE PRICE OF RM0.04 PER RIGHTS SHARE, ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING DESTINI SHARE HELD, | https://www.klsescreener.com/v2/announcements/view/5930143
High NOSH low price penny stock in the making Many penny stocks with high NOSH of above 3 Billion shares had done shares consolidation. Latest examples are AT, JOE, MMAG, KGROUP, ETC
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....
Bmw X5
7,570 posts
Posted by Bmw X5 > 2023-05-03 14:21 | Report Abuse
yoyoyo ....big buyer makan habis 0.075 opening sja