already close down business or what?

with former Law Minister on board, Barakah should be able to solve their legal matters and start shooting for the stars

Lambo or LEMBU

KUALA LUMPUR (Aug. 22): Ainis (INIX, 0094, GEM) recommended private placement of up to 37.54 million new shares, equivalent to 10% of the enlarged share capital, raising at least RM1.41 million for working capital and potential business start-up funds.

The company reported to the exchange yesterday that it is estimated to be able to raise at least RM1.41 million at a price of 5.2 cents per share, most of which is used as working capital.


In addition, the private allocation will be used as a potential business opportunity, the initial fee for the acquisition of Aircomaster Sdn Bhd's shares, and private placement fees.

Anis signed a memorandum of understanding in May this year and plans to acquire all shares of Aircomaster.

Ainis, who has reported losses in the past three fiscal years, has faced the problem of insufficient funds to further increase the difficulty of lending to banks.

As a result, the company has identified several business opportunities that are expected to improve the financial situation and have appointed experts to conduct a sophisticated audit to assist the board of directors in making decisions.

When Anis closed the market, it closed flat and closed at 5.5 sen, with a trading volume of 3.52 million shares.