WIDAD GROUP BERHAD
KLSE (MYR): WIDAD (0162)
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Last Price
0.06
Today's Change
-0.005 (7.69%)
Day's Change
0.06 - 0.065
Trading Volume
2,928,200
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
Discussions
10 people like this. Showing 50 of 8,273 comments
Youarewelcome88, today seem like someone collecting. Have you heard any rumours on who collecting from opat?
1 month ago
Hisyam, kalau ade owner baru ambik, boleh fly. Kaunter da jadi makin berat lepas PP hari tu
1 month ago
So much shares being disposed by stages.. Please announce the new shareholders... Impossible they could hide below 5% ownership..
1 month ago
Michael R., Michael R. and Edmond0401, the culprit behind is MIDF, this investment bank simply throw clients' shares
1 month ago
DSAI selalu cakap dia dapat mandat rakyat PRU14 dan PRU15 tetapi kalau dibuat PRU16 adakah mandat rakyat dia tetap dapat?
1 month ago
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
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
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
.065 can tapao tdy since seller just let go like tomorrow... try to bottom finishing slow n steady
3 weeks ago
There is no lowest. It means this damn Opat controlled the company without using his own money...that is so cheeky and its fraudulent
2 weeks ago
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
2 weeks ago
widad mgmt very lousy.. not only here they dispose b4 raya, dataprep also they throw just to get sOme duit for raya.... wtf..
2 weeks ago
Will Limit up when people look at the top 30 shareholders list and do some calculations
1 week ago
Opat margin call. Everyday throw shares. Throw throw, tomorrow will throw again. Cannot up.
4 days ago
Widad’s largest shareholder appoints Industronics to manage Langkawi golf course, hotel development
https://theedgemalaysia.com/node/710811
3 days ago
Share has been consolidating well at 0.06-0.07 level for the past few weeks.
In spite of constant selling from major shareholder, this price level seems to be a major support level and is holding well with negligible downside.
Rebound seems imminent from this strong support level.
2 days ago
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