WIDAD GROUP BERHAD

KLSE (MYR): WIDAD (0162)

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Last Price

0.06

Today's Change

+0.005 (9.09%)

Day's Change

0.055 - 0.06

Trading Volume

4,809,800

IPO Info
Offer Period

Opening

2011-04-29

Closing

2011-04-29

Time Table

Allotment Date

2011-05-16

Listing Date

2011-05-18

Price

Issue Price

0.27

Units

120,001,000

Share Capital

0.000

No of Shares

Public Issue

30,000,000

Offer for Sale

-

Private Placement

28,000,000

Issuing House

MIDF 640

ISIN Code

MYQ0162OO006

Prospectus:

PUBLIC ISSUE OF 30,000,000 NEW ORDINARY SHARES OF 10 SEN EACH IN OUR COMPANY AT AN ISSUE PRICE OF 27 SEN PER ORDINARY SHARE PAYABLE IN FULL ON APPLICATION COMPRISING:

• 2,000,000 NEW ORDINARY SHARES OF 10 SEN EACH AVAILABLE FOR APPLICATION BY THE PUBLIC; AND

• 28,000,000 NEW ORDINARY SHARES OF 10 SEN EACH FOR PRIVATE PLACEMENT TO SELECTED INVESTORS

IN CONJUNCTION WITH THE LISTING OF OUR COMPANY ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

IJACOBS-NoticeOfProspectus (88KB).pdf

IJACOBS-Cover to Page 200 (2.8MB).pdf

IJACOBS-Page 201 to Page 411 (2.5MB).pdf

IJACOBS-NoticeOfProspectus (88KB).pdf

IJACOBS-Cover to Page 200 (2.8MB).pdf

IJACOBS-Page 201 to Page 411 (2.5MB).pdf

Discussions
10 people like this. Showing 50 of 8,283 comments

armadatuah2017

Paktua dah mampus la. Hahaha. Margin call also.

1 month ago

quassar

it seems disposing stage is still ongoing... timing for bottom fishing soon?

1 month ago

Change_

DSAI selalu cakap dia dapat mandat rakyat PRU14 dan PRU15 tetapi kalau dibuat PRU16 adakah mandat rakyat dia tetap dapat?

1 month ago

Kanenites

rindu seloka paktua, sayu sgt

1 month ago

陳 彥霆

no need to worry, soon will go up

1 month ago

Edmond0401

yes mikeann you true

1 month ago

ysyap84

Vicious cycle (buy, dump and margin call) keeps to rotate until Opat finds a solution to overcome. Then the share price will start to jump.

1 month ago

willc48

what projects do they have now? dependency on govt projects very high but can they fight with other bigger bumi contractors for the cake.

1 month ago

TradeVirtuoso

who is the new owner?

1 month ago

陳 彥霆

mikeann, the oversold is due to MIDF keep on throwing client's shares, this kind of broker mana boleh pakai. only ikmal opat so naif trust this MIDF. MIDF is the culprit behind this sell-off issue.

PETALING JAYA: The Securities Commission Malaysia (SC) and Bursa Malaysia have sought to allay growing concern among investors over the widening sell-off that has hit the local stock market over the past week.

In a joint statement today, the SC and Bursa Malaysia said they are closely monitoring recent market conditions in light of heightened volatility in certain stocks.

“The SC and Bursa Malaysia assure investors that the Malaysian stock market fundamentals remain strong and there should not be any cause for concern,” the statement said.

They claimed the recent significant decline in share prices is limited to “a few small-cap stocks” and not widespread.

“The affected stocks constituted around 0.17% of the total market capitalisation and 8.3% of total traded value for the year.”

The SC and Bursa Malaysia also said they are conducting proactive surveillance of corporate transactions and disclosures, as well as real-time monitoring of all trading activities to ensure an efficient, fair and orderly market.

“Where irregularities are detected, the SC and Bursa Malaysia will not hesitate to take the necessary regulatory actions to preserve the integrity of the market,” they added.

The regulators also reminded investors to also take note of companies’ replies to the unusual market activity (UMA) queries issued by Bursa Malaysia.

No end to sell-off

The “bloodbath” among the affected stocks does not seem to be abating. Five counters hit limit-down again in early trading today, extending the heavy losses they have suffered this week.

The stocks were Rapid Synergy Bhd, YNH Property Bhd, Jentayu Sustainables Bhd, Sarawak Consolidated Industrial Bhd (SCIB), and Silver Ridge Holdings Bhd.

A new name joined the “Limit Down Club” later in the morning when technology services provider Heitech Padu Bhd’s share price plunged 28.97% to hit its limit down at 76 sen.

The sell-off on Bursa has prompted investment banks to demand cash upfront from their retail clients for the purchase of stocks that have plummeted recently.

In a note to its dealer representatives yesterday, Affin Hwang Investment Bank said the cash-upfront requirement shall be imposed on all purchases on its list of designated stocks and warrants.

The list included stocks such as Mercury Securities Group Bhd, Jentayu Sustainables Bhd, Widad Group Bhd, and Artroniq Bhd, which hit their limit down this week.

It also included Globetronics Technology Bhd, Leform Bhd, Mestron Holdings Bhd, APB Resources Bhd, Pertama Digital Bhd, Dataprep Holdings Bhd, Silver Ridge Holdings Bhd, and Tanco Holdings Bhd.

AmInvestment Bank also implemented yesterday a similar cash-upfront requirement for affected stocks.

Its list included Rapid Synergy, YNH Property, SCIB, APB Resources, Widad Group, Artroniq, Mestron, and Tanco, a bank source confirmed.

Rapid Synergy and YNH Property are stocks linked to businessman and investor Yu Kuan Chon. Rapid Synergy has lost as much as 86.1% of its value since the start of the year while YNH has crashed 71.3%.

1 month ago

quassar

.07 seems a good bargain for now... what do u think?

1 month ago

CY266

no worry, just hold. External factor

1 month ago

quassar

.065 can tapao tdy since seller just let go like tomorrow... try to bottom finishing slow n steady

1 month ago

ohlala

0.06....sliding down slowly by the day

4 weeks ago

Edmond0401

don worry will fly soon

4 weeks ago

rayhvs

Fly me to the moon...Let me play among the stars...

4 weeks ago

陳 彥霆

told many times, is MIDF the culprit, not Opat is selling

3 weeks ago

TradeVirtuoso

lowest already, bottoming up and gogogo

3 weeks ago

armadatuah2017

There is no lowest. It means this damn Opat controlled the company without using his own money...that is so cheeky and its fraudulent

3 weeks ago

Edmond0401

intentionto deal during good news or bad news??

3 weeks ago

CY266

edmond, just a normal procedure, nearly acct closing period 30/4, the mention shareholder not allow to do any buy & sell action. This rules is use to protect investor like u & me

3 weeks ago

Edmond0401

start engine liao

3 weeks ago

Eagle77

Scam counter LD ⬇️🩸

3 weeks ago

Eagle77

History never lies ⬇️🩸

3 weeks ago

Eagle77

Will down to 0.03 very soon ⬇️🩸

3 weeks ago

derrickinvestor

widad mgmt very lousy.. not only here they dispose b4 raya, dataprep also they throw just to get sOme duit for raya.... wtf..

3 weeks ago

DK2866

Force sell block seems drained out, 0.06 is the lowest i bet.

3 weeks ago

Edmond0401

next week fly

2 weeks ago

TradeVirtuoso

share buy back, rebound is imminent...

2 weeks ago

Edmond0401

limit up soon

2 weeks ago

Rowie

Will Limit up when people look at the top 30 shareholders list and do some calculations

1 week ago

quassar

let me tapao at 6.0 first... than do la wht ever u plan to do

1 week ago

Michael R.

Wowww... Dato Eddie,. SOCSO... HR

1 week ago

Edmond0401

tommoror lu

1 week ago

limit_up

Opat margin call. Everyday throw shares. Throw throw, tomorrow will throw again. Cannot up.

1 week ago

Moondate

continues throwing until abg jamil mampos

1 week ago

TradeVirtuoso

Widad’s largest shareholder appoints Industronics to manage Langkawi golf course, hotel development

https://theedgemalaysia.com/node/710811

1 week ago

Edmond0401

monday hoot9e

6 days ago

Edmond0401

want buy fast loo

5 days ago

Micias84

Buy industronic

4 days ago

Michael Kwok

My nexgram 3 cents vs itronic 5 cents.who will win.both also so,so.
14/5/24 5.55pm
Posted by Micias84 > 1 day ago | Report Abuse

Buy industronic

2 days ago

armadatuah2017

Only doom awaits....write off the investment

2 days ago

kaipeng911

boss dispose everyday,maybe have something bad at the backside,becareful。maybe will drop to or under 0.05

1 day ago

Edmond0401

no sure but share buy back soon

1 day ago

Michael R.

He should issue news announcement.. not just disposal news... otherwise lots of speculations.. we do not wish another nightmare like Serba to repeat elsewhere...

1 day ago

limit_up

Don't buy yet. Let Opat or whatever Midf throw all at lower 0.55 or 0.5 first. After finish throwing only enter la.

1 day ago

AhHuat168

DONT THINK WILL GO BELOW 0.5, THIS COMPANY IS UNDERVALUE NOW, CAN SLOWLY COLLECT

15 hours ago

derrickinvestor

wtf happenong? from 50 sen now only 5 sen?

7 hours ago

Moondate

widad become we dead

7 hours ago

pritpritt

kemon paktua, seloka widead satu round plisss huhu

5 hours ago

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