Posted by Victor Yong > Nov 11, 2020 2:28 PM | Report Abuse

Wait for another corporate exercise dengan sapura barangkali

Posted by sakthi > Nov 11, 2020 6:20 PM | Report Abuse

Rights issue made easier for companies to raise funds
KUALA LUMPUR (Nov 10): Companies are allowed to proceed with their proposed rights issue once the controlling shareholders are giving the irrevocable undertaking to subscribe for their full entitlement.
Companies could undertake the cash call even in the scenario that minority shareholders give it a cold shoulder.
Both the Securities Commission Malaysia (SC) and Bursa Malaysia have announced a temporary relief measure allowing eligible listed issuers to obtain mandated shareholder approval at a general meeting to undertake rights issue exercises.
"As a result of the pandemic and the Movement Control Order, many listed issuers are facing operational challenges, including raising working capital and repaying bank borrowings.
An expedited process for rights issues will enable eligible listed issuers to be more agile as they can raise funds from their existing securities holders in a shorter time frame to meet their capital and financial needs," said the regulators in a joint statement.
Under the expedited process, the regulators said eligible listed issuers, namely the public-listed companies and listed real estate investment trusts (REITs), will be granted greater flexibility to manage market uncertainties while making capital calls, and fast-track secondary fundraising, subject to certain safeguards.
For instance, the regulators said, the eligible listed issuers must have controlling shareholders who will provide an irrevocable undertaking to subscribe for their full entitlements, with not more than a 30% discount to the theoretical ex-rights price on these newly issued shares or units.
In other words, underwriters are not required to take up the unsubscribed portion of the rights issue, should minority shareholders decline to fork out more capital.
However, the rights issue exercises implemented with mandate obtained under the temporary relief measures are subjected to certain conditions. For instance, such rights issue must be a plain vanilla issuance where it can only be utilised for ordinary shares or units. This is not applicable to other types of securities such as warrants or convertible shares, according to the statement.
The statement said the temporary flexibility to allow expedited rights issue exercises by public-listed companies and listed REITs will be introduced through an enhanced rights issue framework.
The framework allows companies to issue new rights shares or units to their existing securities holders on a pro rata basis, up to 50% of the total number of issued shares or issued units, according to the joint statement.
This means that the shareholding dilution could not be more than 50% as a result of the rights issue to be undertaken under this enhanced framework.
The new general mandate for rights issue is in addition to the enhanced 20% general mandate for the issue of new securities, commonly utilised for private placements. Both relief measures are valid until Dec 31, 2021, said the statement.
The SC and Bursa Malaysia said they will continue to monitor evolving developments in the securities and financial markets which have been affected by domestic and global events, to evaluate and recalibrate measures to support an efficient and resilient market.

Posted by tkl88 > Nov 11, 2020 7:06 PM | Report Abuse

Oil price continue to spike up like mad !
As at 7.02pm,
Nymex=> $42.89 (+1.53) (+3.70 %)
Brent => $45.16 ‪(+1.55) (+3.55 %)‬

‪Huat ah ! Heng ah ! Ong ah !‬

Posted by Macgyver11 > Nov 11, 2020 8:04 PM | Report Abuse

Former deputy health minister Dr Lee Boon Chye said the halal concerns would be addressed by the health ministry, with advice from the National Fatwa Council.

“The ministry would first and foremost evaluate the vaccine in terms of efficacy and safety. It must be said in order to return to normal life, vaccines are the best way forward.”

Putrajaya had recently said it would make advance bookings for the vaccine through its participation in the Covid-19 Vaccine Global Access initiative, with an estimated cost of over RM3 billion.

Khairy, who is co-chair of the government’s vaccine supplies committee, said the allocation would be able to immunise 70% of the country’s population next year.

He had said vaccines would come as early as the first quarter of next year, with medical workers the priority to receive them.

As for the halal issue, Khairy had urged for more explanatory sessions for the people and assured that the vaccines would be vetted and approved by the Malaysian Islamic Development Department or Jakim.

Posted by KAQ4468 > Nov 11, 2020 11:20 PM | Report Abuse

Peewiittttt

Posted by KAQ4468 > Nov 11, 2020 11:20 PM | Report Abuse

Nice closing

Posted by KAQ4468 > Nov 11, 2020 11:20 PM | Report Abuse

Buy 10 cents

Sell 40 cents

Posted by KAQ4468 > Nov 11, 2020 11:20 PM | Report Abuse

Wakakakakayaaa

Posted by Valgrovest > Nov 12, 2020 1:43 PM | Report Abuse

https://oilprice.com/Energy/Crude-Oil/Oil-Funds-Could-See-Record-Gains-In-December.html

Can O&G be the next sector to spike?

Posted by wjc4195 > Nov 12, 2020 7:55 PM | Report Abuse

nope

Posted by greenberg > Nov 12, 2020 11:49 PM | Report Abuse

Tomorrow rising

Posted by Macgyver11 > Nov 13, 2020 10:07 PM | Report Abuse

Happy Deepavali and happy holiday all

Posted by KAQ4468 > Nov 14, 2020 12:34 AM | Report Abuse

Can O&G be the next sector to spike?


Of coz!!!

Posted by yingzhe17 > Nov 14, 2020 2:39 PM | Report Abuse

Dump this share before short selling resume

Posted by Twowah123 > Nov 14, 2020 5:14 PM | Report Abuse

Good. Which OnG counter is the most good? Cn somebody share. Looking at icon, alam, velesto next week should be cheap2. But still thinking which the best should i bot in. Cn somebady expert share which good OnG to enter

Posted by Jjkcl > Nov 14, 2020 6:37 PM | Report Abuse

Vrooooom velesto

Posted by RMSB > Nov 14, 2020 6:59 PM | Report Abuse

Sinking ship

Posted by Macgyver11 > Nov 15, 2020 6:21 PM | Report Abuse

Velesto is hidden gold mine...for those wait patiently.

Posted by KAQ4468 > Nov 15, 2020 6:23 PM | Report Abuse

Indeed

Posted by KAQ4468 > Nov 15, 2020 6:24 PM | Report Abuse

Stay cool stay invest

Posted by Jjkcl > Nov 15, 2020 6:43 PM | Report Abuse

payday will arrived.

Posted by Allantanks > Nov 15, 2020 8:51 PM | Report Abuse

velesto is preparing for a slingshot.

Posted by KAQ4468 > Nov 16, 2020 10:09 AM | Report Abuse

Lai Lai lai

Posted by KAQ4468 > Nov 16, 2020 10:09 AM | Report Abuse

Barang baekkkkk barang murah barang untung

Posted by KAQ4468 > Nov 16, 2020 10:10 AM | Report Abuse

Buy 10 cents

Sell 40 cents

Posted by KAQ4468 > Nov 16, 2020 10:10 AM | Report Abuse

Apa lagi mau

Posted by Expertise > Nov 16, 2020 11:40 AM | Report Abuse

https://oilprice.com/Energy/Crude-Oil/Why-The-Oil-Industry-Is-Set-To-Thrive-For-Decades-To-Come.amp.html

Posted by KAQ4468 > Nov 16, 2020 6:26 PM | Report Abuse

Peewiittttt

Posted by KAQ4468 > Nov 16, 2020 6:26 PM | Report Abuse

Easily 30 cents

Posted by KAQ4468 > Nov 16, 2020 6:27 PM | Report Abuse

Layan 2 years

Posted by Expertise > Nov 16, 2020 8:36 PM | Report Abuse

Wow oil spike above 3%

Posted by Jjkcl > Nov 16, 2020 8:52 PM | Report Abuse

Waiting for 0.33 cent

Posted by KAQ4468 > Nov 16, 2020 9:05 PM | Report Abuse

Peewiittttt

Posted by KAQ4468 > Nov 16, 2020 9:06 PM | Report Abuse

Velesto.. KNM.. Hibiscus.. Armada

Posted by KAQ4468 > Nov 16, 2020 9:06 PM | Report Abuse

Kaya
Kaya
Kaya

Posted by KAQ4468 > Nov 16, 2020 9:06 PM | Report Abuse

Wakakakakayaaa

Posted by KAQ4468 > Nov 16, 2020 9:06 PM | Report Abuse

New Audi.. New Bungalow.. New Wife

Posted by tkl88 > Nov 17, 2020 7:43 AM | Report Abuse

Dow Jones continue to spike up like mad !
Dow Jones closed at=>29,950.44 (+470.63) (+1.60 percent)
Huat ah ! Heng ah ! Ong ah !

Posted by nasrulfahmi > Nov 17, 2020 7:59 AM | Report Abuse

inikalilah

Posted by Macgyver11 > Nov 17, 2020 11:24 AM | Report Abuse

Potential gold mine..

Posted by Macgyver11 > Nov 17, 2020 11:28 AM | Report Abuse

Those who are wait patiently for past 1 year will reap the benefit soon..vaccines been distributed widely around the world. Soon covid 19 become another huminity dark history like Spanish flu and etc.

Posted by Spotgorengshare > Nov 18, 2020 12:59 AM | Report Abuse

u should up this two day 0.125-0.13. good price

Posted by linheng > Nov 18, 2020 2:23 AM | Report Abuse

I sold Velesco which I bought at 16 cents for 13.5 cents to buy Hibiscus at 48.5 cents. Sold my Hibiscus at 56 cents and came back to buy Velesto. Funny thing I get it cheaper at 13 cents.
This counter is a laggard for Oil & Gas.

Posted by nashvz > Nov 18, 2020 9:27 AM | Report Abuse

I think serba and dayang are better than velesco? agree?

Posted by Macgyver11 > Nov 18, 2020 12:32 PM | Report Abuse

Velesto..pronounce.

Posted by Macgyver11 > Nov 18, 2020 12:34 PM | Report Abuse

Velesto good for long term investment.

Posted by Macgyver11 > Nov 18, 2020 4:52 PM | Report Abuse

https://oilprice.com/Energy/Crude-Oil/A-Major-Oil-Rally-Could-Be-On-The-Horizon.amp.html

Grab as much as you all can while the price still damn cheap. Once the rocket engine ignited...nothing can stop it..vroom!!

Posted by linheng > Nov 18, 2020 8:44 PM | Report Abuse

Oil shot up to $44.68 inspite of lockdowns in various parts in the WEST. Imagine if there is no lockdown.

Posted by linheng > Nov 18, 2020 8:44 PM | Report Abuse

Ini kali back to 19 cents

Posted by Jjkcl > Nov 18, 2020 9:01 PM | Report Abuse

0.30