(i) proposed renounceable rights issue of up to 1,124,706,544 new ordinary shares in Iconic (“Iconic Shares” or “Shares”) (“Rights Shares”) on the basis of 2 Rights Shares for every 1 existing Share held (“Rights Shares Entitlement Basis”), together with up to 749,804,362 free detachable warrants in Iconic (“Warrants”) on the basis of 2 Warrants for every 3 Rights Shares subscribed by the entitled shareholders (“Warrants Entitlement Basis”) of the Company on an entitlement date to be determined (“Entitlement Date”) (“Entitled Shareholders”) (“Proposed Rights Issue with Warrants”);
=============== On behalf of the Company, M&A Securities wishes to announce that the additional listing application for the Proposed Rights Issue with Warrants and the draft circular to shareholders in relation to the Proposals have been submitted to Bursa Securities.
This announcement is dated 11 January 2023.
=============== One step closer to implementation of rights issue Shareholders need to fork out more money if wish to subscribe for the rights shares
On behalf of the Board, M&A Securities wishes to announce that the Company has submitted an application to Bursa Securities for the withdrawal of the Application with the intention to submit an updated valuation report and valuation certificate in relation to the Proposed Acquisition to Bursa Securities (“Withdrawal Application”). Further, Bursa Securities has taken note of the Withdrawal Application and the Board shall make further announcement on the Proposals in due course.
ICONIC WORLDWIDE BERHAD ("ICONIC" OR THE "COMPANY")
- PROPOSED ACQUISITION; - PROPOSED RIGHTS ISSUE WITH WARRANTS; AND - PROPOSED EXEMPTION
We refer to the conditional share sale agreement dated 19 September 2022 entered into between Iconic, Dato’ Seri Tan Kean Tet and Tan Seok Ying for the Proposed Acquisition ("SPA") and supplemental letter to the SPA dated 15 December 2022.
On behalf of the Company, M&A Securities Sdn Bhd wishes to announce that the parties to the SPA have mutually agreed to extend the long stop date of the SPA by 3 months until 18 June 2023 to fulfil the conditions precedent.
Be aware of on-going proposal of fund raising via massive rights issue exercise
==================== ICONIC WORLDWIDE BERHAD formerly known as SANBUMI HOLDINGS BERHAD and also formerly known as EMC LOGISTIC BERHAD
(i) proposed renounceable rights issue of up to 1,124,706,544 new ordinary shares in Iconic (“Iconic Shares” or “Shares”) (“Rights Shares”) on the basis of 2 Rights Shares for every 1 existing Share held (“Rights Shares Entitlement Basis”), together with up to 749,804,362 free detachable warrants in Iconic (“Warrants”) on the basis of 2 Warrants for every 3 Rights Shares subscribed by the entitled shareholders (“Warrants Entitlement Basis”) of the Company on an entitlement date to be determined (“Entitlement Date”) (“Entitled Shareholders”) (“Proposed Rights Issue with Warrants”);
================= - PROPOSED ACQUISITION; - PROPOSED RIGHTS ISSUE WITH WARRANTS; AND - PROPOSED EXEMPTION
On behalf of the Company, M&A Securities wishes to announce that the additional listing application for the Proposed Rights Issue with Warrants and the draft circular to shareholders in relation to the Proposals as well as the updated valuation certificate for the Proposed Acquisition have been submitted to Bursa Securities.
This announcement is dated 13 March 2023.
================= Directors taking fast and easy way to raise fund via rights issue requiring shareholders to take out more money to contribute to the fund raising
Upon completion, current NOSH of 562,353,272 will increase to more than 1.5 BILLION shares and with up to 749,804,362 warrants !!!
================ Welcome to high NOSH low price penny stocks club
Be aware of on-going proposal of fund raising via massive rights issue exercise
==================== ICONIC WORLDWIDE BERHAD formerly known as SANBUMI HOLDINGS BERHAD and also formerly known as EMC LOGISTIC BERHAD
(i) proposed renounceable rights issue of up to 1,124,706,544 new ordinary shares in Iconic (“Iconic Shares” or “Shares”) (“Rights Shares”) on the basis of 2 Rights Shares for every 1 existing Share held (“Rights Shares Entitlement Basis”), together with up to 749,804,362 free detachable warrants in Iconic (“Warrants”) on the basis of 2 Warrants for every 3 Rights Shares subscribed by the entitled shareholders (“Warrants Entitlement Basis”) of the Company on an entitlement date to be determined (“Entitlement Date”) (“Entitled Shareholders”) (“Proposed Rights Issue with Warrants”);
================= - PROPOSED ACQUISITION; - PROPOSED RIGHTS ISSUE WITH WARRANTS; AND - PROPOSED EXEMPTION
On behalf of the Company, M&A Securities wishes to announce that the additional listing application for the Proposed Rights Issue with Warrants and the draft circular to shareholders in relation to the Proposals as well as the updated valuation certificate for the Proposed Acquisition have been submitted to Bursa Securities.
This announcement is dated 13 March 2023.
================= Directors taking fast and easy way to raise fund via rights issue requiring shareholders to take out more money to contribute to the fund raising
Upon completion, current NOSH of 562,353,272 will increase to more than 1.5 BILLION shares and with up to 749,804,362 warrants !!!
================ Welcome to high NOSH low price penny stocks club
Last push up before fund raising via massive rights issue exercise
Price fixing for rights share on the making
Holders have to take out more money to subscribe for rights shares (around 0.10 per share) Directors looks set to collect more money from rights subscription Estimated > RM100 million, quick easy fund raising
- PROPOSED ACQUISITION; - PROPOSED RIGHTS ISSUE WITH WARRANTS; AND - PROPOSED EXEMPTION
On behalf of the Board, M&A Securities wishes to announce that an application has been submitted to Bursa Securities for an extension of time up to 12 June 2023 to despatch the Circular.
Further announcement will be made upon the receipt of decision from Bursa Securities.
===================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
ICONIC WORLDWIDE BERHAD ("ICONIC" OR THE "COMPANY")
- PROPOSED ACQUISITION; - PROPOSED RIGHTS ISSUE WITH WARRANTS; AND - PROPOSED EXEMPTION
On behalf of the Board, M&A Securities wishes to announce that an application has been submitted to Bursa Securities for a further extension of time up to 23 June 2023 to despatch the Circular.
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....
whistlebower99
4,876 posts
Posted by whistlebower99 > 2022-09-21 15:46 | Report Abuse
https://focusmalaysia.my/3-top-management-employees-of-giib-holdings-detained-by-macc/
Warning to directors who hanky panky.