Highlights
KLSE: MTRONIC (0043)       METRONIC GLOBAL BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.015   -0.005 (25.00%)  0.015 - 0.02  2,981,900
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IPO Info

Key Data:
General Retail Institutional
Offer Period
Opening - - -
Closing - - -
Price
Issue Price - - -
Par Value 0.000 - -
Units - - -
No of Shares
Public Issue - - -
Offer for Sale - - -
Private Placement - - -
Time Table
Allotment Date - - -
Listing Date - - -
Issuing House - - -
ISIN Code - - -
Prospectus:
RENOUNCEABLE RIGHTS ISSUE OF UP TO 645,342,048 NEW ORDINARY SHARES IN METRONIC ("METRONIC SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.065 PER RIGHTS SHARE TOGETHER WITH UP TO 484,006,536 FREE DETACHABLE WARRANTS IN METRONIC ("WARRANTS") ON THE BASIS OF 4 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS FOR EVERY 2 EXISTING METRONIC SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 20 MARCH 2019
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  11 people like this.
 
Kishin Sham Mahtani wow big big drop now
15/09/2021 4:28 PM
whistlebower99 Post removed. Why?
22/09/2021 9:32 AM
Nav123 What happen mtronic??? Bungkus sudah kahh...
30/09/2021 11:06 AM
Kishin Sham Mahtani how come such huge loss
01/10/2021 6:21 AM
GameOfThrone I believe next month will boost to 0.06, hehe
16/10/2021 7:11 PM
Apink96 mtronic dah jadi titanic karam di launtan
20/10/2021 10:14 AM
Newbiexxxxxxxxx Lagi Karan
26/10/2021 9:01 AM
Potato88 Hmm.. Selling everyday, hope today announced delisted and let them happily sell to 0. 005
27/10/2021 1:21 PM
sunsetbiz gg.com .....all same to the group biz
27/10/2021 3:33 PM
bboycs Post removed. Why?
27/10/2021 4:14 PM
Winer21 Turun all arini
05/11/2021 6:54 AM
whistlebower99 FOR NEWBIES

Kanger with NOSH of 5.9billion shares, is the latest low-price penny stock to proposed shares consolidation of 10:1

Be careful of penny stocks that have multi billion issued shares.

Trade wisely.
15/11/2021 10:10 AM
HrryPttr Not a good sign. Sure gg soon
15/11/2021 9:35 PM
whistlebower99 Kanger Proposed 10:1 12/11/21
PDZ SC 10:1 1/8/21; RI 6:1 30/9/21 @ 0.14
PWORTH SC 10:1 3/9/21
LAMBO SC 25:1 23/7/21; RI 5:1 11/8/21 @0.10
PASUKGB SC 10:1 10/6/21; RI 6:1 21/6/21 @ 0.10
SANICHI SC 10:1 5/4/21; RI 6:1 23/4/21 @ 0.08
MTOUCHE SC 10:1 21/4/21; RI 6:1 5/5/21 @ 0.10
VC SC 4:1 3/2/21; RI 1:1 30/3/21 @ 0.17
TRIVE SC 25:1 23/12/20; RI 12:2 21/1/21 @ 0.11

======================================

Which one is next in line to join the list ?
18/11/2021 11:55 AM
atmw81 Time for some action next week before AGM. Directors will flex some power to trick investor confidence
19/11/2021 12:59 PM
atmw81 Itu dia.. consol and RI.. Minta duit time.. haha
19/11/2021 7:41 PM
whistlebower99 FOR NEWBIES

MULTIPLE PROPOSALS METRONIC GLOBAL BERHAD
(I) PROPOSED DIVERSIFICATION;
(II) PROPOSED SHARE CONSOLIDATION; AND
(III) PROPOSED RIGHTS ISSUE WITH WARRANTS

https://www.klsescreener.com/v2/announcements/view/3459535

(i) proposed diversification of the existing business of Metronic and its subsidiaries (“Metronic Group” or the “Group”) to include the design, research and development, installation, engineering, procurement, construction, commissioning and maintenance of solar PV panels, equipment and facilities and other related activities including solar leasing (“Solar Energy Business”) (“Proposed Diversification”);

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

(iii) proposed renounceable rights issue of up to 1,742,433,306 new Shares (“Rights Shares”) together with up to 580,811,102 free detachable warrants in the Company (“Warrants B”) on the basis of 6 Rights Shares together with 2 free Warrants B 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”).

==============================

Finally the directors decided to propose for shares consolidation and rights issue to further squeeze the shareholders for fund raising.

So easy for directors to raise probably RM100 mil (if rights issue price is 10sen)

After Kanger and Mtronic, which penny stocks will be next to join the growing list.

===============================

Good luck to all shareholders

TAYOR
19/11/2021 8:05 PM
atmw81 Next.. Joe
19/11/2021 8:23 PM
mansaham1972 Next aem,bcm,saudee,kanger... dan pusingan baru mlab,gocean,sanichi ...
20/11/2021 9:51 AM
sg999 FINTEC, XOX ,AT ,VSOLAR。。。share consolidate soon.
20/11/2021 11:35 AM
sunsetbiz worry be happy 2c is coming....expected for all the fintec group...one another keep coming to it
22/11/2021 10:01 AM
Potato88 I all In to q buy at 0.005, drop faster lar..Still stubborn recycle at 0.002 but already noone interest to buy..
22/11/2021 10:11 AM
Citadel9999 Post removed. Why?
22/11/2021 11:00 AM
HrryPttr Surely go to 0.005 sen, look at other consolidated counter what happen to them. Don’t get fooled
22/11/2021 11:17 AM
Potato88 More and more people q sell at 0.02 but definitely no one interest to buy..People will start selling at 0.015.. Great.. Today pls drop to 0.015 with big sell queue. Tomorrow let people start selling at 0.010 then follow by 0.005.. Let me buy at 0.005
22/11/2021 11:23 AM
Potato88 300k huge sell q.. Very good..
22/11/2021 11:24 AM
Potato88 Pls put 1m sell q is better..
22/11/2021 11:25 AM
Potato88 Next fintech, vsolar, kgroup will drop to 0.005..aiyo drop faster lar...so slow
22/11/2021 11:28 AM
azakwan480 Bursa still sleeping........
22/11/2021 11:46 AM
fl888 If consolidation done at 0.00cts, then what will be the consolidation price and RI price for Metronics….can become 0 share capital based company…?
22/11/2021 12:27 PM
sunsetbiz see 1c now...after consol will also back to same 1 c.
22/11/2021 12:33 PM
BE_GREEEEEDY don't be a crying baby mehhh....
actually enjoy riding with them win win situation $
huartt chaiii
22/11/2021 4:52 PM
BILLC Those get bankrupted still be considered ok,,,some might terjun bangunan,

terjun laut,,,terjun jambatan or what ever it is,,,,,,
22/11/2021 5:14 PM
oskchoon AT Systematization is next for big share consolidation exercise...
22/11/2021 6:09 PM
BE_GREEEEEDY Bornoil , xox is next for consilidation
22/11/2021 7:33 PM
fl888 PAS should try and ban KLSE, which is worse than 4D betting…
22/11/2021 8:34 PM
BE_GREEEEEDY hmmm there is Afghanistan / Taliban stock exchange in Kabul mehhh
22/11/2021 11:10 PM
stockraider just stay away from this kon stock mah!
23/11/2021 1:16 PM
sunsetbiz u org jangan mimpi la...tunggu 2c saja...sudah pasti dapat ini .
24/11/2021 9:49 AM
whistlebower99 FOR NEWBIES

MULTIPLE PROPOSALS METRONIC GLOBAL BERHAD
(I) PROPOSED DIVERSIFICATION;
(II) PROPOSED SHARE CONSOLIDATION; AND
(III) PROPOSED RIGHTS ISSUE WITH WARRANTS

https://www.klsescreener.com/v2/announcements/view/3459535

(i) proposed diversification of the existing business of Metronic and its subsidiaries (“Metronic Group” or the “Group”) to include the design, research and development, installation, engineering, procurement, construction, commissioning and maintenance of solar PV panels, equipment and facilities and other related activities including solar leasing (“Solar Energy Business”) (“Proposed Diversification”);

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

(iii) proposed renounceable rights issue of up to 1,742,433,306 new Shares (“Rights Shares”) together with up to 580,811,102 free detachable warrants in the Company (“Warrants B”) on the basis of 6 Rights Shares together with 2 free Warrants B 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”).

Date Announced 19 Nov 2021

==============================

NEWBIES be reminded of above proposals which require shareholders to fork out more money to donate to directors fund raising exercise.

Fast, easy convenient way for directors to raise probably RM100 mil (if rights issue price is 10sen)

===============================

Trade wisely
24/11/2021 11:10 AM
Icon 888 1.5sen
25/11/2021 1:29 AM
Icon 888 1 sen pun boleh
25/11/2021 1:30 AM
prince4 below 5 cents stock cannot buy most of them company will make shares consolidation
25/11/2021 10:15 AM
NoEmo shares consolidation 10 to 1 follows by right issue 6 new shares for 1 ord share is no different from
right issue 60 new shares for 1 ord share, follow by shares consolidation of 10 to 1.
To subscribe for new shares, u hv to fork out a new fund of:
current mkt worth of your holding x 60, eg
10k x 60 = 60k. Vampires at work to empty your coffers with fake project (to be aborted or die of natural death after the completion of the new shares issuance scheme) for justification of raising new fund.
25/11/2021 5:07 PM
NoEmo Dont buy if u cant afford to subscribe for your new shares entitlement worth around 40-60 times your initial investment.
25/11/2021 5:15 PM
NoEmo For further elaboration, if u r lucky to get 1 million shares at RM10k (1c per share), u hv to add another RM40-60k to subscribe for new shares.
25/11/2021 5:24 PM
NoEmo Local mkt is like a cowboy town, ruthless.
26/11/2021 2:57 PM
bpsiah How on earth the authorities allow such kind of actions is beyond me.
28/11/2021 4:19 PM
hoot9e996 all in 0.005 ? or 0.01 ?
29/11/2021 9:20 AM
hoot9e996 man PAPER LOSS IS HUGE didnt want to cut loss few months back now recall how dumb i was to bet con haha lesson learnt
29/11/2021 9:35 AM


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