Highlights

For Newbies To Know And Learn About Penny Stocks

Author: whistlebower99   |   Latest post: Tue, 20 Jul 2021, 5:05 PM

 

Penny Stocks And Multiple Proposals (Share Consolidation / Rights Issue / Bonus Issue / Share Split)

Author:   |    Publish date:


Selected Penny Stocks With Multiple Proposal (2017 - 2021)

 

In Progress (as at 30/7/2021)
 
STOCK NAME

MULTIPLE PROPOSAL (Share Consolidation / Rights Issue / Bonus Issue / Share Split)

PROPOSAL DATE

1. LAMBO

(I) SHARE CONSOLIDATION; AND (II) RIGHTS ISSUE WITH WARRANTS

12/5/2021
2. PDZ 

(I) PROPOSED DIVERSIFICATION; (II) PROPOSED SHARE CONSOLIDATION; (III) PROPOSED RIGHTS ISSUE WITH WARRANTS; (IV) PROPOSED VARIATION; AND (V) PROPOSED ESOS

23/3/2021

3. PRICEWORTH        

I. PROPOSED SHARE CONSOLIDATION; AND II. PROPOSED NOTES ISSUE
30/4/2021
4. OVERSEA

(I) PROPOSED PRIVATE PLACEMENT; AND (II) PROPOSED RIGHTS ISSUE WITH WARRANTS

28/7/2021
5. VIZIONE

(I) PROPOSED VARIATION; (II) PROPOSED DIVERSIFICATION; AND (III) PROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS

14/7/2021
6. SINARAN

(I) PROPOSED PRIVATE PLACEMENT; AND (II) PROPOSED BONUS ISSUE OF WARRANTS

15/6/2021
7. TA WIN

(I) PROPOSED BONUS ISSUE OF WARRANTS; AND (II) PROPOSED SIS

2/6/2021
8. EAH

I. PROPOSED CAPITAL REDUCTION; AND II. PROPOSED SHARES ISSUANCE

5/52021
9. KANGER

I. PROPOSED RIGHTS ISSUE WITH WARRANTS; II. PROPOSED ACQUISITION; AND III. PROPOSED DIVERSIFICATION

I. PROPOSED ACQUISITION; AND II. PROPOSED SUBSCRIPTION.

24/2/2021

26/4/2021

10. FAST

(TECFAST)

I. PROPOSED RIGHTS ISSUE WITH WARRANTS

(amended without share split)

 
14/4/2021; 24/5/2021
11. CHEETAH

(I) PROPOSED BONUS ISSUE OF SHARES; (II) PROPOSED PRIVATE PLACEMENT; (III) PROPOSED BONUS ISSUE OF WARRANTS; AND (IV) PROPOSED ESOS

25/6/2021; 30/6/2021

12. TIGER

RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,101,480,437 NEW ORDINARY SHARES IN TIGER SYNERGY BERHAD ("TIGER" OR THE "COMPANY") ("TIGER SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.04 PER RIGHTS SHARE TOGETHER WITH UP TO 1,101,480,437 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS D") ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS D FOR EVERY 4 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 09 SEPTEMBER 2021 ("RIGHTS ISSUE WITH WARRANTS")

13/1/2021
13. KOMARK

Renounceable rights issue of up to 817,817,238 new ordinary shares in Komarkcorp (“Komarkcorp Shares” or “Shares”) (“Rights Shares”) together with up to 272,605,746 free detachable warrants in Komarkcorp (“Warrants D”) on the basis of 3 Rights Shares together with 1 free Warrant D for every 3 existing Shares held by the entitled shareholders of Komarkcorp on an entitlement date to be determined (“Proposed Rights Issue with Warrants”)

18/8/2021

 

Completed in 2021

STOCK NAME

MULTIPLE PROPOSAL (Share Consolidation / Share Split / Rights Issue / Bonus Issue)

COMPLETION DATE

1. PASUKHAS   

(I) SHARE CONSOLIDATION; AND (II) RIGHTS ISSUE WITH WARRANTS

11/6/2021; 21/7/2021

2. APPASIA

I. SHARE SPLIT; AND II. BONUS ISSUE OF WARRANTS
5/7/2021; 13/7/2021
3. SANICHI

(I) SHARE CONSOLIDATION; AND (II) RIGHTS ISSUE WITH WARRANTS

6/4/2021; 28/5/2021
4. MTOUCHE

(I) SHARE CONSOLIDATION; AND (II) RIGHTS ISSUE WITH WARRANTS

22/4/2021; 10/6/2021
5. VC 

(I) PRIVATE PLACEMENT; (II) SHARE CONSOLIDATION; (III) RIGHTS ISSUE; AND (IV) AMENDMENT.

4/2/2021; 28/4/2021
6. MACPIE

(I) PROPOSED PRIVATE PLACEMENT (II) PROPOSED SHARE SPLIT (III) PROPOSED BONUS ISSUE OF WARRANTS

8/3/2021; 12/3/2021
7. SAUDEE

(I) PROPOSED PRIVATE PLACEMENT; AND (II) PROPOSED RIGHTS ISSUE WITH WARRANTS

23/6/2021
8. TRIVE

(I) ACQUISITION; (II) SHARE CONSOLIDATION; AND (III) RIGHTS ISSUE WITH WARRANTS

23/12/2020 24/2/2021

 

Completed In 2017 to 2020

NETX (2020) ICON (2020) VINVEST (2020) DGB(2020) MLAB(2020)
JAG(2020) LAGENDA (DBE) (2020) PUC (2020) SCOMIES(2020) IMPIANA(2020)
         
VC (2019) MTRONIC (2018) DGSB (2018) GLOTEC (2018) VIZIONE (2018)
TIGER (2018) PDZ (2017) SANICHII (2017) MTOUCHE (2017) AT (2017)
KGROUP (2017) MMAG (2017) HUBLINE (2017) SMTRACK (2017) XDL (2017)
 
 

 

Most of the low-price penny stocks have some of these characteristics :

  • has Number Of Outstanding Shares (NOSH) exceeding 1 BILLION shares; some has MULTI-BILLIONS shares with negative or negligible EPS
  • undertaking frequent fund raising exercise to increase company fund
  • frequent issuance of shares for ESOS or Private Placement, reducing EPS and diluting shareholding percentage of specially minority shareholders
  • had previously undergone share consolidation exrecise, reducing shareholdings by multiple times causing huge losses to shareholders
  • had massive rights issue exercise to raise fund from shareholders, enlarging NOSH and reducing EPS
  • had bonus issue of new warrants which went converted to shares will enlarged the NOSH and reducing EPS and diluting shareholding percentage
  • has mulitple warrants (example A, B, C, etc)
  • issued ICULS or ICPS (PA) with high exercise price and/or high conversion ratio
  • had share split exercise, resulting in enlarged NOSH and reduced EPS
  • incured losses quarter after quarter, year after year, utilizing and depleting company fund
  • used large portion of company fund to acquire assets, settle debts, etc
  • used company fund to invest/speculate in other penny stocks
  • frequent announcement of numerous  MOUs or Collaborative Agreement which normally turn out to be nothing
  • frequently churn out articles, reports and announcements of business ventures, JV to create excitement and attention

Most of the these penny stocks have frequent fund raising exercise by issuing shares and selling to market via ESOS and PP as well as undertaking rights issue exercise (often with free warrant as sweetener), enlarging the NOSH to BILLIONS and reducing the EPS (if any) as well as diluting specially minority shareholding percentage.

When the issued shares become Multi-BILLION, and it is no more viable to raise cash by issuing shares through ESOS and PP, the directors will resort to Mutiple Proposals of Share Consolidation followed by rights issue with free warrants to get more money from shareholders causing massive losses to specially minority shareholders.

Despite the company flushed with cash from fund raising exercises, most of these companies were unable to generate decent profits and instead continue to report losses, quarter after quarter & year after year.

The company fund raised from such activities were normally used to cover yearly losses, finance business projects, assets acquisition, debt settlement, etc.

Some of these companies also used company funds to invest & speculate on other loss making penny stocks.  And most of the time, ended up with huge losses that were more than the small profits generated from business.

 

 


Price chart (30/7/2021) of selected stocks that have completed Multiple Proposals

 

PASUKGB

 

SANICHI

 

MTOUCHE

 

VC

 

NETX

 

ICON

 

 

TRIVE

 

 



1.  LAMBO

 
 

LAMBO GROUP BERHAD

(I) PROPOSED SHARE CONSOLIDATION; AND (II) PROPOSED RIGHTS ISSUE WITH WARRANTS

Proposal Date : 12 May 2021

On behalf of the Board of Directors of Lambo, Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake the following:-

(i)         proposed consolidation of every 25 existing ordinary shares in Lambo (“Lambo Shares” or “Shares”) into 1 Lambo Share (“Consolidated Share”) (“Proposed Share Consolidation”); and

(ii)         proposed renounceable rights issue of up to 1,207,787,815 new Shares (“Rights Shares”) together with up to 603,893,907 free detachable warrants in Lambo (“Warrants C”) on the basis of 10 Rights Shares together with 5 free Warrants C for every 2 Consolidated Shares held by the entitled shareholders on an entitlement date to be determined (“Proposed Rights Issue with Warrants”),

The details of the Proposals are set out in the attachment.

This announcement is dated 12 May 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3156983

 

Revised entitlement basis (9 June 2021)

Renounceable rights issue of up to 1,207,787,815 Rights Shares together with up to 483,115,126 free detachable Warrants C on the basis of 5 Rights Shares together with 2 free Warrants C for every 1 Consolidated Share held by the Entitled Shareholders on the Rights Entitlement Date 

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3165296

  • Before share consolidation, 
    • total issued shares = 4,987,880,099 
    • total warrant B = 1,051,058,992
  • Upon completion of share consolidation (25:1) on 27/7/2021 :
    • total consolidated shares = 199,515,195
    • total consolidated warrants B = 42,042,350 

 

  • Upon completion of proposed rights issue with free warrants
    • Estimated total issued shares = 199,515,195 + 997,575,975 = 1,197,091,170 (assuming no conversion of warrant B during this period)
    •  
    • Estimated amount to be raised = RM99,757,597
    •  
    • total warrant B = 108,107,699
       
       
    • Estimated total new warrant C = 399,030,390

 

 

Rights issue ex-date = 11/8/21; Ex-price = 0.115 (previous day closing price = 0.22)

Tradig of OR from 13/8/21 - 19/8/21. Price was at 0.005 seller quote, could be an indication that the rights acceptance could be under-subscrbed by retailers

 

Status :Closing date for  Acceptance, Renunciation and Payment : 27 Aug 2021 

Date for announcement of final subscription result and basis of allotment of excess Rights Securities 06 Sep 2021

 

RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,207,787,815 NEW ORDINARY SHARES IN LAMBO GROUP BERHAD ("LAMBO" OR THE "COMPANY") ("LAMBO SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE TOGETHER WITH UP TO 483,115,126 FREE DETACHABLE WARRANTS IN LAMBO ("WARRANTS C") ON THE BASIS OF 5 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 12 AUGUST 2021

 



2.  PDZ

 

PDZ Holdings Berhad

(I) PROPOSED DIVERSIFICATION;  (II) PROPOSED SHARE CONSOLIDATION; (III) PROPOSED RIGHTS ISSUE WITH WARRANTS; (IV) PROPOSED VARIATION; AND (V) PROPOSED ESOS

Proposal Date : 23 March 2021

On behalf of the Board of Directors of the Company, Mercury Securities Sdn Bhd (“Mercury Securities” or the “Principal Adviser”) wishes to announce that the Company proposes to undertake the following:-

(i)         proposed diversification of the business of PDZ and its subsidiaries (“PDZ Group” or the “Group”) to include the manufacture, sale and marketing of gloves and other related activities (“Gloves Business”) (“Proposed Diversification”);

(ii)         proposed consolidation of every 10 existing ordinary shares in PDZ (“PDZ Shares” or “Shares”) into 1 Share (“Consolidated Share”) (“Proposed Share Consolidation”);

(iii)        proposed renounceable rights issue of up to 797,749,896 new Shares (“Rights Shares”) together with up to 398,874,948 free detachable warrants in PDZ (“Warrants C”) on the basis of 6 Rights Shares together with 3 free Warrants C for every 1 Consolidated Share held by the entitled shareholders of the Company on an entitlement date to be determined (“Entitlement Date”) (“Entitled Shareholders”) (“Proposed Rights Issue with Warrants”);

(iv)        proposed variation of the utilisation of proceeds previously raised from a rights issue exercise previously undertaken by the Company which was completed on 7 February 2018 (“Previous Rights Issue”) (“Proposed Variation”); and

(v)        proposed establishment of an employees’ share options scheme (“ESOS” or “Scheme”) involving up to 15% of the total number of issued Shares (excluding treasury shares, if any) (“Proposed ESOS”).

Please refer to the attachment for further details on the above.

This announcement is dated 23 March 2021

 

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3141538

 


CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PDZ HOLDINGS BHD ("PDZ" OR THE "COMPANY") ("PDZ SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 11 AUGUST 2021 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Consolidation” as from: 9 Aug 2021

2)  The last date of lodgment : 11 Aug 2021

On ex-consolidation date of 9/8/21,

  • reference price of PDZ = 0.30 (closing price was 0.03 on 6/8/21) 
  • reference price of PDZ-WB = 0.15 (closing price was 0.015 on 6/8/21)

Share Consolidation completed on 12/8/21: 

  • Total issued shares of 1,011,179,290 have been consolidated into 101,117,471 shares and listed on 12/8/21
  • Total warrant B of 318,403,870 have been consolidated into 31,840,224 warrants and listed on 12/8/21

 


On behalf of the Board, Mercury Securities wishes to announce that the Company has resolved to fix the issue price of the Rights Shares at RM0.14 per Rights Share (“Issue Price”) and the exercise price of the Warrants C at RM0.16 per Warrant C (“Exercise Price”).

https://www.klsescreener.com/v2/announcements/view/3409117

 

  • Before consolidation as at 30/7/2021
    • total issued share = 1,011,179,290
    • total warrant B = 318,403,870
  • Upon completion of consolidation after 5pm on 11/8/2021,
    • total issued share = 101,117,471 
    • total warrant B = 31,840,224
  • Rights Issue Price = RM0.14 per share
  • Warrant C Exercise Price = RM0.16 per warrant
  • Upon completion of rights issue,
    • Estimated total issued share =  101,117,471 + 606,704,826 = 707,822,297 
    • total warrant B = to be adjusted 
    • Estimated total new warrant C = 303,352,413 

 

EX-DATE = 30/9/21; Ex price = 

DATE for TRADING of OR  = 4/10/21 - 10/10/21

 

Status :  Pending ex-date on 30/9/21 

 

Amended Announcement (27/8/21)

Entitlement description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 797,746,170 NEW ORDINARY SHARES IN PDZ HOLDINGS BHD ("PDZ" OR THE "COMPANY") ("PDZ SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.14 PER RIGHTS SHARE TOGETHER WITH UP TO 265,915,390 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 1 OCTOBER 2021 ("RIGHTS ISSUE WITH WARRANTS")
Ex-Date 30 Sep 2021
Entitlement date 01  Oct 2021
Entitlement time 5:00 PM
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.1400
Date for commencement of trading of rights 04 Oct 2021
Date for cessation of trading of rights 11 Oct 2021
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 25 Oct 2021
Last date and time for :
Sale of provisional allotment of rights 08 Oct 2021 05:00 PM
Transfer of provisional allotment of rights 12 Oct 2021 04:30 PM
Acceptance and Payment 18 Oct 2021 05:00 PM
Excess share application and payment 18 Oct 2021 05:00 PM
Available/Listing Date 02 Nov 2021
Ratio (New : Existing) 6.0000 : 1.0000

 

 



3.  PWORTH

 
 

PRICEWORTH INTERNATIONAL BERHAD

I. PROPOSED SHARE CONSOLIDATION; AND II. PROPOSED NOTES ISSUE

Proposal Date : 30 April 2021

On behalf of the Board of Directors of PWI (“Board”), Kenanga Investment Bank Berhad (“Kenanga IB”) wishes to announce that the Company proposes to undertake the following:

  1. proposed consolidation of every 10 ordinary shares in PWI (“PWI Shares” or “Shares”) into 1 PWI Share (“Consolidated Share(s)”) (“Proposed Share Consolidation”); and
  2. proposed issuance of redeemable convertible notes (“Notes”) with an aggregate principal amount of up to RM100 million, which will mature on the date falling 36 months from the closing date of the first sub-tranche of the Tranche 1 Notes (as defined herein) (“Proposed Notes Issue”).

 Please refer to the attachment below for further details.

 This announcement is dated 30 April 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3153536

  • Before consolidation as at 30/7/2021,
    • total issued share = 4,995,804,724
  • Upon completion of share consolidation
    • total issued share = 499,580,472

 

Status : Ex-date for share consolidation = 3/9/21; Listing date = 7/9/21

 

 

Entitlement subject Share Consolidation
Entitlement description
CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR THE "COMPANY") ("PWI SHARES" OR "SHARES") HELD AT 5.00 P.M ON 6 SEPTEMBER 2021 INTO 1 PWI SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
Ex-Date 03 Sep 2021
Entitlement date 06 Sep 2021
Entitlement time 5:00 PM

 

 

 



4.  OVERSEA

 

 

OVERSEA ENTERPRISE BERHAD

(I) PROPOSED PRIVATE PLACEMENT; AND (II) PROPOSED RIGHTS ISSUE WITH WARRANTS

Proposal Date : 28 July 2021

On behalf of the Board of Directors of the Company (“Directors”) (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities”) wishes to announce that the Company proposes to undertake the following:-

 (i)         private placement of up to 396,384,000 new ordinary shares in the Company (“Oversea Shares” or “Shares”) (“Placement Shares”), representing 30% of the enlarged total number of issued Shares, to independent third-party investor(s) to be identified and at an issue price to be determined later (“Proposed Private Placement”); and

 (ii)         renounceable rights issue of up to 1,717,664,991 new Shares (“Rights Shares”) together with up to 572,554,997 free detachable warrants in the Company (“Warrants B”) on the basis of 3 Rights Shares together with 1 free Warrant B for every 3 existing Shares held by the entitled shareholders of the Company (“Shareholders”) on an entitlement date to be determined (“Entitlement Date”) (“Entitled Shareholders”) (“Proposed Rights Issue with Warrants”). 

(i) and (ii) above are collectively referred to as the “Proposals”. 

Please refer to the attachment for further details. 

This announcement is dated 28 July 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3178935

Had recently completed Share Split on 25 Feb 2021 following the listing and quotation of 884,754,000 Subdivided Shares (including 11,700,000 treasury shares) on the ACE Market of Bursa Securities on 25 February 2021.

Had recently completed Bonus Issue of Warrant A on 10 March 2021 following the listing and quotation of 436,526,991 Warrants on the ACE Market of Bursa Securities on 10 March 2021. 

  • Before rights issue with free warrant as at 30/7/2021, 
    • total Issued  shares = 884,754,000 
    • total warrant A = 436,526,991 
  • Upon completion of rights issue with free warrant,
    • Estimated total issue share = 884,754,000 + 396,384,000 + 1,281,138,000 = 2,562,276,000 (assuming no further conversion of warrant A during this period) 
    • total warrant A = 
    • Estimated total warrant B = 427,046,000 (assuming no further conversion of warrant A during this period)

Status : Pending submission to Bursa approval

 

 



5.  VIZIONE

 

 

VIZIONE HOLDINGS BERHAD

(I) PROPOSED VARIATION; (II) PROPOSED DIVERSIFICATION; AND (III) PROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS

Proposal Date : 14 July 2021

On behalf of the Board of Directors of Vizione (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following:

(i)                    proposed variation of the utilisation of proceeds raised from the private placement which was completed on 2 June 2021 to the current intended utilisation (“Proposed Variation”);

(ii)                   proposed diversification of the existing business of Vizione and its subsidiaries (“Vizione Group” or “Group”) to include manufacturing and trading of rubber gloves and related healthcare products (“Gloves and Related Healthcare Products Business”) (“Proposed Diversification”); and 

(iii)                  proposed renounceable rights issue of up to 1,369,132,873 new ordinary shares in Vizione (“Vizione Shares” or “Shares”) (“Rights Shares”) on the basis of 1 Rights Share for every 1 existing share held on an entitlement date to be determined later (“Entitlement Date”), together with up to 684,566,436 free detachable warrants (“Warrants E”) on the basis of 1 Warrant E for every 2 Rights Shares subscribed for an issue price to be determined and announced by the Board at a later date (“Proposed Rights Issue of Shares with Warrants”), 

(“Proposals”, collectively). 

Further details of the Proposals are set out in the announcement attached herein. 

This announcement is dated 14 July 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3175281

 

  • Before rights issue with free warrants as at 30/7/2021,
    • total issued share = 1,024,555,984
    • total LA = 40,931,350
    • total WC = 41,637,190
    • total WD = 302,714,699
  • Upon completion of rights issue with free warrants, 
    • Estimated total issued share = 2,049,111,968 (assuming no further conversion of warrants and LA during this period)
    • total LA = 
    • total WC = 
    • total WD = 
    • total WE = 

Status : Proposal submitted to Bursa on 30/7/2021; Pending Bursa approval

 

 

 



6.  SINARAN

 

SINARAN ADVANCE GROUP BERHAD

(I) PROPOSED PRIVATE PLACEMENT; AND (II) PROPOSED BONUS ISSUE OF WARRANTS

Proposal Date : 15 June 2021

On behalf of the Board of Directors of SAG (“Board”), M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that the Company proposes to undertake the following proposals: 

1. a private placement of up to 211,144,900 new ordinary shares in SAG (“Shares” or “SAG Shares”), representing approximately 30% of the existing issued Shares, at an issue price to be determined later (“Proposed Private Placement”); and 

2. a bonus issue of up to 457,480,740 free warrants in the Company (“Warrant(s)”) on the basis of 1 Warrant for every 2 existing SAG Shares held by the entitled shareholders of the Company on an entitlement date to be determined and announced later (“Proposed Bonus Issue of Warrants”). 

Kindly refer to the attachment on further details of the Proposals. 

This announcement is dated 15 June 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3166709

 

  • Before bonus issue of warrants as at 30/7/2021, 
    • total issued share = 703,816,580
  • Upon completion of proposed private placement
    • total issued shares = 
  • Upon completion of private placement and proposed bonus issue of warrants ,
    • Estimated total issued share = 703,816,580 + 211,144,900 = 914,961,480 (assuming PP is fully taken up)
    • Estimated total warrant = 457,480,740 (assuming PP is fully taken up)

 

 

Status : Bursa approval received; Pending subsequent announcement 

On behalf of the Board, M&A Securities is pleased to announce that Bursa Securities had vide its letter dated 18 August 2021, resolved to approve the following:

1. admission to the Official List and listing and quotation of up to 457,480,741 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants;

2. listing and quotation of up to 211,144,900 Placement Shares to be issued pursuant to the Proposed Private Placement;

3. listing and quotation of up to 457,480,741 new SAG Shares to be issued from the exercise of the Warrants; and

4. listing and quotation of such number of new SAG Shares, representing up to 15% of the Company's total number of issued shares (excluding treasury shares, if any), to be issued pursuant to the ESOS

 

 

 

 



7.  TA WIN

 

TA WIN HOLDINGS BERHAD

(I) PROPOSED BONUS ISSUE OF WARRANTS; AND (II) PROPOSED SIS

Proposal Date : 2 June 2021

On behalf of the Board of Directors of Ta Win (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following:- 

(i)         proposed bonus issue of up to 1,494,736,797 new warrants in Ta Win (“Warrants B”) on the basis of 2 Warrants B for every 5 existing ordinary shares in Ta Win (“Shares”) held on an entitlement date to be determined and announced later by the Board (“Proposed Bonus Issue of Warrants”); and 

(ii)         proposed establishment of a share issuance scheme of up to 15% of the total number of issued shares (excluding treasury shares, if any), comprising a share option scheme and a share grant scheme to the eligible directors and eligible employees of the Company and its subsidiaries (“Proposed SIS”), 

(collectively the “Proposals”). 

In conjunction with the Proposals, Ta Win intends to terminate its existing employees’ share option scheme which is effective for a period of 5 years, commencing from 13 April 2018 to 12 April 2023, in accordance with its existing by-laws. 

Further details of the Proposals are set out in the attachments below. 

This announcement is dated 2 June 2021.

 

  • Had recently completed Rights Issue on 9 June 2021
    • added 2,556,501,561 Rights Shares and 144,969,824 additional Warrants
    • total Issued shares = 3,409,918,748
    • total warrant A = 304,172,581
    • total fund raised = RM153,390,093.66 
  • Before bonus issue of warrants as at 30/7/21
    • total issued shares = 3,411,476,548
    • total PA = 21,189,313
    • total warrant A = 304,172,581

 

  • Upon completion of bonus issue of warrants on 26/8/21
    • total issued share = 3,413,589,548
    • total PA = 19,076,313
    • total warrant A = 304,172,581
    • Total new warrant B =   1,365,365,814

 

Some salient terms of Warrants B (extracted from Circular to Shareholders)

Issue size  = 1,365,365,814

Tenure : 3 years 

Exercise price : RM0.1350

 

 

Entitlement description
BONUS ISSUE OF UP TO 1,494,735,376 NEW WARRANTS IN TA WIN HOLDINGS BERHAD ("TA WIN") ("WARRANTS B") ON THE BASIS OF 2 WARRANTS B FOR EVERY 5 EXISTING ORDINARY SHARES IN TA WIN HELD AT 5.00 PM ON 16 AUGUST 2021 ("BONUS ISSUE OF WARRANTS")
Shareholder's Approval No
Ex-Date 13 Aug 2021
Entitlement date 16 Aug 2021

1)    The above Company’s securities will be traded and quoted “[EX-Bonus Issue]” as from: 13 Aug 2021

2)    The last date of lodgment : 16 Aug 2021

 

As at 3/8/21, one director has indirect interest of 456,799,008 (13.39%) shares via :
  • Timur Enterprise Sdn. Bhd. - 276,459,277
  • Heritage Winners Sdn. Bhd. - 93,698,400
  • Triad Capital Sdn. Bhd. - 86,641,331

Warrant B entitlement : 182,719,603


Another director has direct interest of 143,700,000 (4.212%) shares and indirect interest of
227,543,431 (6.67%) via: 
  • Triad Capital Sdn. Bhd.- 86,641,331
  • Asia Poly Holdings Berhad -128,502,100
  • Asia Poly Ventures Sdn. Bhd.- 12,400,000

Warrant B entitlement :
  • direct = 57,480,000
  • indirect = 91,017,737

 


Warrant exercise price = 13.5 sen
Tenure = 3 years


Monitor stock price movement from bonus ex-date 13/8/21 onward and warrant B listing date onward (listng date yet to be announced)

Stock price might be pushed up by big boys to sell their free warrant B  for better profits

Note that warrant B tenure is only 3 years which is consider short

 

 

 

Information extracted from Annual Report (2018,2019,2020)

Date  Issued Shares Capital
as at 30/3/2018  64,286,300
as at 7/10/2019 357,391,320
as at 8/10/2020 441,185,320
as at 6/8/2021 3,412,280.748

 

The issued share capital has increased tremendously within a short period of 3 years.

Take note of the share price movement over the years (2018 - 8/8/2021).

Don't expect the share price to hit previous highs unless the company can continuously improve profits to deliver a decent EPS.

The bonus issue of 1,494,735,376 Warrants B after the recently completed (9/6/21) rights issue exercise (3 for 1) will specially benefit the substantial shareholders with free warrants which they can either convert to shares or sell off the warrants for clean profits.

Assuming that all the bonus warrants are fully converted with 3 years, the total issued shares will soar to nearly 6 BILLION shares. EPS will be reduced again unless the company can continuously improve annual profits. 

A more likely option for the substantial shareholders is to dispose off their free warrants for clean profit instead of taking out more money to convert their warrants to shares. If this is the case, it is likely the share price might be pushed up to enable them to sell the warrants at a higher price for a better profit.

Newbies trading in the warrants should be careful not to be trapped at high price, thinking that the share price will go up to the highs of previous years.

Monitor the financial report for next few quarters to have a better picture of the company's performance going forward.

 

 


 

Status : Bonus Issue of warrant completed on 26/8/21 

 

 

 



8.  EAH

 

EA HOLDINGS BERHAD

I. PROPOSED CAPITAL REDUCTION; AND II. PROPOSED SHARES ISSUANCE

Proposal Date : 5 May 2021

On behalf of the Board of Directors of EAH, UOB Kay Hian Securities (M) Sdn Bhd wishes to announce that the Company:-

(i) proposes to undertake a reduction of the issued share capital of EAH pursuant to Section 116 of the Companies Act, 2016 ("Proposed Capital Reduction"); and

(ii) had on 5 May 2021, entered into a subscription agreement with Vivocom Intl Holdings Berhad ("Vivocom") for a proposed issuance of 1,250,000,000 new ordinary shares in EAH ("EAH Share(s)"), representing approximately 24.6% equity interest in EAH ("Subscription Share(s)") at an issue price of RM0.0231 per Subscription Share to Vivocom for total subscription consideration of RM28,875,000 which will be satisfied fully via the issuance of 50,890,025 new ordinary shares in Vivocom ("Vivocom Share(s)") ("Consideration Share(s)") at an issue price of RM0.5674 per Consideration Share ("Proposed Shares Issuance").

Further details on the Proposals are set out in the attachment below.

This announcement is dated 5 May 2021.

Please refer attachment below.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3154803

 

On behalf of the Board, UOBKH wishes to announce that the Company had on 28 July 2021, entered into a supplemental agreement, which is supplemental to the Subscription Agreement, to revise the terms and conditions of the Proposed Shares Issuance whereby EAH proposes to issue 1,100,000,000 new EAH Shares, representing approximately 21.7% equity interest in EAH at a revised issue price of RM0.0211 per EAH Share ("Revised Issue Price") to VinVest Capital Holdings Berhad ("VinVest"), (formerly known as Vivocom Intl Holdings Berhad) for a total subscription consideration of RM23,210,000 which will be fully satisfied via the issuance of 62,645,075 new ordinary shares of VinVest ("VinVest Share(s)") at a revised price of RM0.3705 per VinVest Share ("Supplemental Agreement") ("Revised Proposed Shares Issuance").

Further details of the Revised Proposals are set out in the attachment below. 

 

This announcement is dated 28 July 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3178854

  • Before share issuance exercise as at 30/7/21,
    • total issued share = 5,072,360,564
    • total warrant D = 993,885,016
    • total warrant E = 1,087,061,194
 
  • Upon completion of shares issuance exercise, 
    • Estimated total issued shares = 5,072,360,564 + 1,100,000,000 =  6,172,360,564 (assuming no further revision on the proposal) 
    • EAH will own 62,645,075 shares in Vivocom. 
    • Vinvest (formerly Vivocom) will own 1,100,000,000 EAH shares (21.7%)

 

Status : Pending subsequent announcement

 

 



9.  KANGER

 

A. Multiple Proposal 1 - KANGER INTERNATIONAL BERHAD

I. PROPOSED RIGHTS ISSUE WITH WARRANTS; II. PROPOSED ACQUISITION; AND III. PROPOSED DIVERSIFICATION

Proposal Date : 24 February 2021

On behalf of the Board of Directors of Kanger ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOB Kay Hian") wishes to announce that the Company proposes to undertake the following:-

(i) a renounceable rights issue of up to 2,861,936,149 new ordinary shares in Kanger ("Kanger Share(s)" or "Share(s)") ("Rights Share(s)") on the basis of 1 Rights Share for every 1 existing Kanger Share held, together with up to 2,861,936,149 free detachable warrants in Kanger ("Warrant(s) B") on the basis of 1 Warrant B for every 1 Rights Share subscribed for, on an entitlement date to be determined and announced later ("Proposed Rights Issue with Warrants");

(ii) an acquisition by Kanger Ventures Sdn Bhd (formerly known as Kanger Development (M) Sdn Bhd), a wholly-owned subsidiary of Kanger, of 126 units of proposed serviced apartments located on the 30th to 45th floors of Tower A, Antara @ Genting Highlands, sited on a piece of freehold land held under Title No. GRN 45572 (formerly HSD 18603), Lot 43031 (formerly PT 23923), Mukim and District of Bentong, Pahang Darul Makmur from the developer, namely Aset Kayamas Sdn Bhd for a total purchase consideration of RM142,870,000 to be satisfied entirely via cash ("Proposed Acquisition"); and

(iii) a diversification of the existing principal activities of Kanger and its subsidiaries to include construction and related activities ("Proposed Diversification").

The Proposed Rights Issue with Warrants, Proposed Acquisition and Proposed Diversification are collectively referred to as the "Proposals".

Please refer to the attachment for further details of the Proposals.

This announcement is dated 24 February 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3131718


CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:-

I. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,861,936,149 NEW ORDINARY SHARES IN KANGER INTERNATIONAL BERHAD ("KANGER" OR THE "COMPANY") ("KANGER SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING KANGER SHARE HELD, TOGETHER WITH UP TO 2,861,936,149 FREE DETACHABLE WARRANTS IN KANGER ("WARRANT(S) B") ON THE BASIS OF 1 WARRANT B FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS");

This announcement is dated 11 June 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3166029

 


  • Before rights issue with free warrants as at 30/7/21
    • total issued shares = 2,861,936,149 (assuming all ESOS shares are exercised)

 

  • Upon completion of rights issue with free warrants 
    • Estimated total issued shares = 5,723,872,298 (assuming full subscritpion of RI) 
    • Estimated amount to be raised = RM171,716,168
    • Estimated total new warrant B = 2,861,936,149 

 

  • Exercise price of the Warrants B fixed at RM0.05 per Warrant B

 

EX-DATE = 27/8/21; Ex Price = 0.05

DATE for TRADING of OR = 1/9/21 - 7/9/21

 

Status : Important Relevant Dates for Renounceable Rights 

RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,861,936,149 NEW ORDINARY SHARES IN KANGER INTERNATIONAL BERHAD ("KANGER" OR THE "COMPANY") ("KANGER SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING KANGER SHARE HELD, TOGETHER WITH UP TO 2,861,936,149 FREE DETACHABLE WARRANTS IN KANGER ("WARRANT(S) B") ON THE BASIS OF 1 WARRANT B FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, AS AT 5.00 P.M. ON MONDAY, 30 AUGUST 2021 ("RIGHTS ISSUE WITH WARRANTS")

 

 

 



B. Multiple Proposal 2 - KANGER INTERNATIONAL BERHAD

 
I. PROPOSED ACQUISITION; AND II. PROPOSED SUBSCRIPTION.
 
Proposal Date : 26 April 2021
 
On behalf of the Board of Directors of Kanger, UOB Kay Hian Securities (M) Sdn Bhd wishes to announce that Kanger proposes to undertake the following:-

(i) acquisition of 1,020,000 ordinary shares of Sung Master, representing 51.0% equity interest of Sung Master ("Sale Shares") for a purchase consideration of RM94,789,436.00 ("Purchase Consideration"). The Purchase Consideration shall be satisfied via a combination of cash payment of RM51,999,999.62 whilst the remaining purchase consideration of RM42,789,436.38 shall be satisfied via the issuance of 713,157,273 new ordinary shares of Kanger ("Kanger Shares") at the issue price of RM0.06 per Kanger Share ("Proposed Acquisition"); and

(ii) subscription of 769,513,179 Kanger Shares, representing 30.0% of the total issued Kanger Shares at the subscription price of RM0.06 per Kanger Share by Mr. Kuah Choon Ching ("Proposed Subscription").

Please refer to the attachment for further details of the Proposals.

This announcement is dated 26 April 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3151508
 

Assuming Multiple Proposal 1 is completed before Multiple Proposal 2

  • Estimated total issued shares = 5,723,872,298 
  • Estimated amount to be raised = RM88,960,227 whereby RM42,789,436.38 is treated as part payment for acquisition
  • Estimated total new warrant B = 2,861,936,149 
 
Upon completion of Multiple Proposal 2
  • Estimated total issued shares  = 5,723,872,298 + 713,157,273 + 769,513,179 = 7,206,542,750

 

NOTE: Upon completion of the 2 multiple proposals the total issued shares might exceed 7 BiLLION 

 
Status : Circular despatched to shareholders on 12 July 2021; Pending subsequent announcement; Proposal approved in EGM held on 27 July 2021

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:-

I. PROPOSED ACQUISITION BY KANGER OF 1,020,000 ORDINARY SHARES OF SUNG MASTER HOLDINGS SDN. BHD. ("SUNG MASTER"), REPRESENTING 51.0% EQUITY INTEREST IN SUNG MASTER, FOR A PURCHASE CONSIDERATION OF RM94,789,436 TO BE SATISFIED VIA A COMBINATION OF CASH PAYMENT OF RM51,999,999.62 AND THE REMAINING PURCHASE CONSIDERATION OF RM42,789,436.38 TO BE SATISFIED VIA AN ISSUANCE AND ALLOTMENT OF 713,157,273 NEW ORDINARY SHARES OF KANGER ("KANGER SHARE(S)") AT THE ISSUE PRICE OF RM0.06 PER KANGER SHARE; AND

II. PROPOSED SUBSCRIPTION OF 769,513,179 NEW KANGER SHARES ("SUBSCRIPTION SHARE(S)") AT THE SUBSCRIPTION PRICE OF RM0.06 PER SUBSCRIPTION SHARE BY MR. KUAH CHOON CHING

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3174495

 
 

 



 

10.  FAST (formerly known as TECFAST)

 

FAST ENERGY HOLDINGS BERHAD (TECHFAST HOLDINGS BERHD)

I. PROPOSED RIGHTS ISSUE WITH WARRANTS; AND II. PROPOSED DISPOSAL

Proposal Date : 14 April 2021; amended on 24 May 2021

On 14 April 2021, UOB Kay Hian had, on behalf of our Board, announced that we proposed to undertake the following:-

i. share split involving the subdivision of every 1 existing Techfast Share held on the Share Split Entitlement Date into 2 Subdivided Shares;

ii. a renounceable rights issue of up to 909,204,618 Rights Shares on the basis of 1 Rights Share for every 1 existing Techfast Share held, together with up to 454,602,309 Warrants on the basis of 1 Warrant for every 2 Rights Shares subscribed for on the Entitlement Date; and

iii. we had on 14 April 2021 entered into the SSA with the Puchaser for the proposed disposal of our 100% equity interest in TPSB, comprising 8,000,000 Sale Shares for a disposal consideration of RM6,100,000 to be satisfied entirely via cash.

 

REVISED PROPOSAL (24 May 2021)

On 24 May 2021, UOB Kay Hian had, on behalf of our Board, announced that our Board had decided not to proceed with the Proposed Share Split after taking into consideration the weakness in the market price of Techfast Shares subsequent to the announcement of the Proposed Share Split on 14 April 2021, which resulted in the Company not being able to comply with Rule 6.31(1A) of the Listing Requirements. For information purposes, Rule 6.31(1A) of the Listing Requirements requires adjusted share price to be not less than RM0.20 based on the daily VWAP of Techfast Shares during the 3-month period up to and including the last trading date immediately preceding the submission of the application to Bursa Securities in relation to the Proposed Share Split.

Pursuant thereto, our Board has determined to revise the basis of the Proposed Rights Issue with Warrants whereby Techfast will undertake a proposed renounceable rights issue of up to 909,204,618 Rights Shares on the basis of 2 Rights Shares for every 1 existing Techfast Share held, together with up to 454,602,309 Warrants on the basis of 1 Warrant for every 2 Rights Shares subscribed for, on an entitlement date to be determined and announced later.

As at the LPD, our total issued shares was 405,083,952 Techfast Shares. In addition, as at the LPD, we have 49,518,357 ESOS Options that may be granted and exercised whilst our Group does not retain any treasury shares. Accordingly, assuming that all the 49,518,357 ESOS Options are granted and exercised, our enlarged issued shares will be 454,602,309 Techfast Shares.

On 30 June 2021, UOB Kay Hian had, on behalf of our Board, announced that Bursa Securities had vide its letter dated 30 June 2021, resolved to approve the following, subject to the conditions as disclosed in Section 9 of this Circular:-

i. admission of the Warrants to the official list of Bursa Securities;

ii. listing and quotation of up to 909,204,618 Rights Shares and up to 454,602,309 Warrants pursuant to the Proposed Rights Issue with Warrants on the ACE Market of Bursa Securities; and

iii. listing and quotation of up to 454,602,309 new Techfast Shares to be issued arising from the exercise of the Warrants on the ACE Market of Bursa Securities.

 


  • Before rights issue with warrants (as at 30/7/2021), 
    • total issued share = 405,083,952

Assuming all ESOS options granted are exercised before rights ex-date and rights shares fully subscribed, 

  • Upon completion of proposed rights issue with warrants, the company will have :
    • total issued shares = 1,363,806,927 
    • total warrant = 454,602,309
    • total amount raised = RM109,104,554.16 (assuming rights share price is 12 sen per share)

 

Status : Circular despatched to shareholders on 16 July 2021; Pending AGM on 2/8/21

Last date and time for lodging the Proxy Form : Saturday, 31 July 2021 at 9:30 a.m.

Date and time of the EGM : Monday, 2 August 2021 at 9:30 a.m

 

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE

I. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 909,204,618 NEW ORDINARY SHARES IN TECHFAST ("TECHFAST SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING TECHFAST SHARE HELD, TOGETHER WITH UP TO 454,602,309 FREE DETACHABLE WARRANTS IN TECHFAST ("WARRANT(S)") 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"); AND

II. PROPOSED DISPOSAL OF THE ENTIRE EQUITY INTEREST IN TECHFAST PRECISION SDN BHD ("TPSB") TO LU ENG SHEAN FOR A DISPOSAL CONSIDERATION OF RM6,100,000 ("PROPOSED DISPOSAL") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3175895

 

 



11.  CHEETAH

 
 

CHEETAH HOLDINGS BERHAD

(I) PROPOSED BONUS ISSUE OF SHARES; (II) PROPOSED PRIVATE PLACEMENT; (III) PROPOSED BONUS ISSUE OF WARRANTS; AND (IV) PROPOSED ESOS

Proposal Date : 25 June 2021 and amended on 30 June 2021

(i) proposed bonus issue of up to 255,241,500 new ordinary shares in the Company (“Cheetah Shares” or “Shares”) (“Bonus Shares”) on the basis of 2 Bonus Shares for every 1 existing Share

(iii) proposed private placement of up to 114,858,000 new Shares (“Placement Shares”), representing 30% of the enlarged total number of issued Shares,

(ii) proposed bonus issue of up to 248,860,125 free warrants in Cheetah (“Warrants”) on the basis of 1 Warrant for every 2 existing Shares

(ii) proposed establishment of an employees’ share options scheme (“ESOS” or “Scheme”) involving up to 30% of the total number of issued Shares

Proposed bonus shares = 255,241,500
Proposed PP = 114,858,000
Proposed bonus warrant = 248,860,125
Proposed ESOS = 223,974,000

 

  • As at 30/6/2021, 
    • total issued shares = 127,620,750

 

  • Upon full completion bonus issue, proposed private placement and ESOS, and assuming all warrants are fully converted, total issued share will be increased to 970 million shares.
    • total issued shares > 970 million
    • total warrant = 248,860,125

 

Shareholding equity will be greatly diluted by PP and ESOS shares while EPS will be significantly reduced.
 

Status : Pending Ex-date on 6/9/21

 

Last date and time for lodging the Form of Proxy for the EGM : Saturday, 21 August 2021 at 11.00 a.m.

Date and time of the EGM : Monday, 23 August 2021 at 11.00 a.m.

CIRCULAR TO SHAREHOLDERS IN RELATION TO PROPOSED BONUS ISSUE OF SHARES, PROPOSED PRIVATE PLACEMENT, PROPOSED BONUS ISSUE OF WARRANTS AND PROPOSED ESOS

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3181361

 

IMPORTANT DATES

Entitlement subject Bonus Issue
Entitlement description
BONUS ISSUE OF UP TO 255,241,500 NEW ORDINARY SHARES IN CHEETAH HOLDINGS BERHAD ("CHEETAH SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 2 BONUS SHARES FOR EVERY 1 EXISTING SHARE HELD AT 5.00 P.M. ON 7 SEPTEMBER 2021 ("BONUS ENTITLEMENT DATE") ("BONUS ISSUE OF SHARES")
Shareholder's Approval No
Ex-Date 06 Sep 2021
Entitlement date 07 Sep 2021
Entitlement time 5:00 PM
Financial Year End 30 Jun 2022
Share transfer book & register of members will be  to  closed from (both dates inclusive) for the purpose of determining the entitlement
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 07 Sep 2021
Ratio (New : Existing) 2.0000 : 1.0000
Available/Listing Date 08 Sep 2021

 

 

 



12.  TIGER

 

TIGER SYNERGY BERHAD

RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,101,480,437 NEW ORDINARY SHARES IN TIGER SYNERGY BERHAD ("TIGER" OR THE "COMPANY") ("TIGER SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.04 PER RIGHTS SHARE TOGETHER WITH UP TO 1,101,480,437 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS D") ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS D FOR EVERY 4 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 9 SEPTEMBER 2021 ("RIGHTS ISSUE WITH WARRANTS")

 

  • Before rights issue with warrants, 
    • total issued share = 1,468,640,583

 

  • Upon completion of proposed rights issue with warrants (assuming full subscription of RI),
    • total warrant = 2,570,121,020
    • total warrant = 1,101,480,437
    • total amount raised = RM44,059.217  (Easy money from fund raising)

 

Status : Pending Ex-date on 8/9/21

 

Ex-Date 08 Sep 2021
Entitlement date 09 Sep 2021
Entitlement time 5:00 PM
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.0400
Ratio (New:Existing) 3.0000  : 4.0000
Rights Crediting Date 09 Sep 2021
Date for commencement of trading of rights 10 Sep 2021
Date for cessation of trading of rights 20 Sep 2021
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 04 Oct 2021
Last date and time for :
Sale of provisional allotment of rights 17 Sep 2021 05:00 PM
Transfer of provisional allotment of rights 21 Sep 2021 04:30 PM
Acceptance and Payment 27 Sep 2021 05:00 PM
Excess share application and payment 27 Sep 2021 05:00 PM
Available/Listing Date 11 Oct 2021

 

 

 

 
 

COME BACK FOR MORE UPDATES 

 
 
 

 

 

 

Share this

  5 people like this.
 
Analyser How does share consolidation caused losses to minority shareholders?
04/08/2021 10:46 AM
stockraider If check those stocks....almost all those stock some how got relation with konmen Fintec loh..!!

It is best u avoid these konmen mah!
04/08/2021 11:21 AM
AlsvinChangan 1000 shares become 100 shares

Rugi or not
04/08/2021 11:26 AM
500kinhand caya lah bro, very comprehensive one
04/08/2021 12:26 PM
fazil Very impressive analysis..a master piece reference from whistlebower99 . I hope SC or Bursa, should tighten regulation to limit unnecessary fund raising for loss making companies.
04/08/2021 12:31 PM
sandrakkc Reprimand Fintech. They're behind all these activities.
04/08/2021 1:27 PM
eseeyu519 All end up at the land of Holand......
04/08/2021 4:31 PM
goldenluck16 VERY GOOD REMINDER TO THE INEXPERIENCED INVESTORS AND SPECULATORS TO AVOID THESE PUMP AND DUMP STOCKS. YOU WILL LOSE YOUR MONEY AFTER THE RESTRUCTURING EXERCISE OR MUCH EARLIER. I WONDER ON WHAT BASIS BURSA ALLOWS/APPROVE SUCH STAGGERING NEW ISSUE OF SHARES BY THESE LOSS MAKING COUNTERS.
04/08/2021 4:45 PM
lehubeng 狼狈为奸
05/08/2021 6:47 AM
gohkimhock they will request money from shareholders, and then use the money to buy some overvalued properties or settle some inflated invoices amount/non-exist invoices to a 3rd party, which is also being controlled by the insiders. This is how money was moving out from the company. The company is just a machine for them to look for more money from existing shareholders. It is not easy to be detected by shareholders because you don't have access to their accounting records. By the time should Securities Commission investigate the company, all money was already gone. They don't mind being a PN17 company at all..

And you as a shareholder are left with nothing worth in your hands. It is as good as toilet paper.
05/08/2021 11:45 AM
newuser9021 so whistlebower99, let's take Macpie stock as an example.
I see that XOX holding shares at approx. 15c (approx. 10% share holding) (after warrant sale) and about 50% of the shares are being hold by the major share holders (last year NOV AGM approvals).
So do you think XOX will sell their stake at lost (now 6c)? If not, it is time-based game for a rebound, am I correct? All this based on the assumption that they will not be entering the deal with Techninier... If they are entering the deal, it will be a game changer as the current trend would be for accumulating shares..
05/08/2021 1:33 PM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Stock Screener using Technical and Fundamental criteria
MQ Affiliate
Join the MQ Affiliate Program today to earn rewards
 
 

452  498  551  764 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 KNM 0.265+0.005 
 FINTEC 0.0250.00 
 DNEX 0.80+0.04 
 EMICO 0.665+0.14 
 AT 0.06-0.005 
 PASUKGB-WA 0.0150.00 
 KTG 0.140.00 
 PASUKGB 0.1150.00 
 YB-LA 0.0750.00 
 TFP 0.225+0.005 
PARTNERS & BROKERS