On behalf of the Board, KAF IB wishes to announce that both the Vendors and the Purchaser have on 13 December 2023 confirmed that all the Conditions Precedent under the CSPA have been fulfilled or waived and hence the CSPA has become unconditional. The Board has also confirmed that the Disposal Consideration less the Escrow Amount has been received by the Vendors on 14 December 2023. Accordingly, the Proposed Disposal is completed and the Disposed Companies as well as eCom Logistik GmbH (which the Vendors and Purchaser have agreed will not be one of the Excluded Companies to be carved out pursuant to the Proposed Transfer) have ceased to be the subsidiaries of the PICB Group.


This announcement is dated 14 December 2023.

If this happens, I think most shareholders will support Ah Thai should there is any tussle in the family fight later....

https://www.youtube.com/watch?v=4qPOWeA-L5I

Mayb this opportunity can be offered to shareholders as well

I think they will still be happy if they can have the chance for a private jet ride even they suffer 80% to 90% paper loss now

U can fly I can fly Ah Thai can fly Cecile can fly la la la la

Can make it as a reward to loyal staffs who works more than 20 years in Supermx, cleaning lady also can fly then.....

Or as a grand prize for lucky draw in their Annual Dinner....

If so I also wanna join them....toilet cleaner also can

If they cancel their expansion plan in USA they can buy 4 to 5 more aircrafts

Then" Everyone can fly" will become the new motto of Supermx staffs i guess...not only Ah Thai can fly

A new aircraft costs US$47.39 million (RM210.32 million) only.

Cheap cheap to Supermx

In 2021, Ah Chai of TG spent RM1B+ for their shares buy back@ average RM7+-RM8+ per share n suffers 80%+ paper loss now

As for Ah Thai's RM1B expansion project in USA......

Unless the American launch a Buy American Product First campaign, or else buying a second or third private jet mayb a better idea than their RM1B project in USA....cause can lose less

From the risk reward perspective,

if it's a no go (I think it's rather unlikely but the possibility is still there), the price will plunge, even a limit down....

If it's finally go thru u still can buy at few cents higher.....

Anyway yr money yr say....place yr bets pls

Have to wait for the official annoucement from Pelikan that this is a done deal.........

U lose 0.10 on the mother but u get 0.8WC x 0.10= 0.08

Still suffer 0.02 paper loss for those who subscribe the Rights at 0.55

Rm1B project?

Maybe need to buy one more private jet for Ah Thai to fly there more often

As long as mother's price below 0.10, Victor Chin has to sapu the rights by himself....bsides the 80m underwritten one

On behalf of the Board, TA Securities wishes to announce that the Board had on 7 December 2023 executed the following:

the deed poll constituting the Warrants (“Deed Poll”); and

an underwriting agreement with TA Securities (“Sole Underwriter”), for the underwriting of 80,000,000 Rights Shares together with 40,000,000 Warrants pursuant to the Rights Issue by the Sole Underwriter, representing 44.44% of the issue size of the Rights Issue under the Minimum Subscription Level (“Underwriting Agreement”).

A copy of the Deed Poll and Underwriting Agreement are made available for inspection at the registered office of the Company at Level 15-2 , Bangunan Faber Imperial Court, Jalan Sultan Ismail, 50250 Kuala Lumpur during normal business hours from 9.00 a.m. to 5.00 p.m. from Mondays to Fridays (excluding public holidays) for the period of at least 6 months from the date of this announcement.

This announcement is dated 7 December 2023.

Still proceed with the rights issues (1:6R@Rm0.10).....

kaki apply kaki song

Ya....Co name very soil...Cipek Tec

Reminded me of one retxrded Idxxt in I3 last time...CP Teh

Nice trap for those who subscribe the Rights at RM0.55

PE 10 is more reasonable lah

The IPO involves the issuance of Shares in the following manner:

(1) Public issue of 167,828,700 Issue Shares in the following manner:
• 33,566,000 Issue Shares made available for application by the Malaysian public, of which 16,783,000
issue shares will be set aside for application by Bumiputera investors including individuals, companies,
cooperatives, societies and institutions;
• 83,915,000 Issue Shares made available by way of private placement to selected Bumiputera investors
approved by the Ministry of Investment, Trade and Industry, Malaysia (“MITI”);
• 50,347,700 Issue Shares made available by way of private placement to institutional and selected
investors, other than identified Bumiputera investors approved by the MITI;
AND

(2) Offer for sale of up to 67,131,000 Offer Shares by way of placement to institutional and selected investors, other
than identified Bumiputera investors approved by the MITI.

This year's IPOs mostly are to look for Ben 7, trapping waterfishes

But managed to buy at 0.90 n earned chicken rice money

Quite a shame for so called IPO Tech.....name also sucks....CP Tech

If the operators can sell OR at 0.04/0.05 they very happy loh...if later those who bought OR subsrcibe the rights at RM0.08 they lagi happy lah

5 days ago

The best thing to do is to let them apply the rights issues themselves.....kaki apply kaki song

Ya ya 2024 shall be more interesting.....even though 2023 is also not bad

OR buyers all kena trapped

4 more weeks to go.....

Will it be the fourth straight yearly loss for Sifu OTB?

If the operators can sell OR at 0.04/0.05 they very happy loh...if later those who bought OR subsrcibe the rights at RM0.08 they lagi happy lah

PRIVATE PLACEMENT OF UP TO 85,847,000 NEW ORDINARY SHARES IN CORAZA REPRESENTING NOT MORE THAN 20.0% OF THE TOTAL NUMBER OF ISSUED SHARES OF CORAZA TO INDEPENDENT THIRD-PARTY INVESTOR(S)
No. of shares issued under this corporate proposal 64,385,400
Issue price per share ($$) Malaysian Ringgit (MYR) 0.6300
Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000
Latest issued share capital after the above corporate proposal in the following
Units 493,621,401
Issued Share Capital ($$) Malaysian Ringgit (MYR) 101,965,735.780
Listing Date 06 Sep 2023

PP price 0.63 now 0.47, a drop of 0.16 or 25%

This year's new IPOs mostly to con.....

Reference is made to the Company’s announcement dated 30 June 2023 and subsequent announcements in relation to the Proposals (“Announcements”) and the circular to shareholders of PICB in relation to the Proposals dated 7 September 2023 (“Circular”). For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Announcements and Circular.

Pursuant to the CSPA dated 29 June 2023 entered into between Vendors, PBS and the Purchaser (“Parties”), the Conditions Precedent shall be satisfied by 31 October 2023 (“Long Stop Date”).

On behalf of the Board, KAF IB wishes to announce that the Parties have on 19 October 2023 entered into an amendment to the CSPA to mutually agreed to extend the Long Stop Date from 31 October 2023 to 31 December 2023.

This announcement is dated 19 October 2023.


One month to go.........if they couldnt make it by 31 Dec 2023 then it may not look good

" The Board expects the Proposals to be completed by the 1st quarter of 2024"

I think the above refers to the completion of capital return n special div distribution,

Anyway, till todate it seems the Co has yet to conclude the fulfilment of CP....... yet to annouce so

Shouldnt come to I3 10 years ago....ended up from Superinvestor to ..........

last minute halt on the rights issue.....first time i saw this in Bursa

Long time nobody issue this kind of LA ....still can goreng ah

Basing on closing price of 0.07 n 0.04 (WC) today, your mkt value is RM49000+RM12,000= RM61,000, a gain of RM23,000 or 60%+ over initial inv sum of Rm38,000 as per my earlier calculation.

Chow Tee n Andrew, how far can u guys go?

EGM approved

EGM 29 Sep

One step closer

Assuming u bought 2M at RM0.01 (total cost RM20K) b4 shares consolidation of 20 into 1, then u will have 100K shares after Ex Date (or average cost 100K at RM0.20)

Then u subscribe for the rights issues of 6 for 1 at RM0.03 (600K@ Rm0.03= RM18K)

So your total cost will be RM20K+ RM18K= RM38K

In return, u will have 100K + 600K (rights issues)= 700K mother + 300K Free warrant (WC)

2023-05-09 10:59

Basing on current price of 0.06 n 0.035 (WC), your mkt value is RM42000+RM10,500= RM52,500, a gain of RM14,500 or 38%+

I love Chow Tee

I love Andrew

Hope Chow Tee n son can turn this co fm a rubbish penny stock into a RM Billion mkt cap Co....like how Andrew Tan did to Tanco....

Wanna do, do properly..

Leave a good legacy to the Gan Family...

Amen

Assuming u bought 2M at RM0.01 (total cost RM20K) b4 shares consolidation of 20 into 1, then u will have 100K shares after Ex Date (or average cost 100K at RM0.20)

Then u subscribe for the rights issues of 6 for 1 at RM0.03 (600K@ Rm0.03= RM18K)

So your total cost will be RM20K+ RM18K= RM38K

In return, u will have 100K + 600K (rights issues)= 700K mother + 300K Free warrant (WC)

2023-05-09 10:59

Basing on closing price of 0.05 (mother) n 0.025 (WC) now, your total investment value is RM35,000 (700K mother) n RM7,500 (300K WC)= RM42,500 (RM4,500 gain or 11.84%) over your initial cost of RM38,000.

As for those who bought OR at 0.005/0.01 n subscribed the rights, your return is much much higher, which is 56.25% to 78.57%.....


We love Chow Tee n Andrew now

Andrew is very shy, sell his shareholding below 5% n cease to be a major shareholder...

Instead Chow Tee father n son now controls the Co

C if Chow Tee n son bring the Co to heaven or Holland

Gain of 37.5% to 57% now for those who bought OR at 0.005/0.01 n subscribed the rights

However, for those who bought b4 ex rights still suffer some paper loss now....kampate

They will submit their proposal to Bursa for approval by end of Aug.

Will take another one to two months for Bursa's approval. Then will call for EGM.

The whole exercise is estimated to be completed by Q4.

Likely will move to 0.90-1.00+, which is 0.10-0.20+premium above the SD/CR amount (0.85)

Victor + Taiko could be a new winning formula....lol

Long time no see such a "kind" shark in rights issues

Pelikan will be a net cash Co (Rm130M+) or ard RM0.20+per share upon completion of all these, assuming the deal went thru.

Only for those Co who doesnt intend to maintain listing status (or to go for privatisation), their share prices will be few cents below Special Div/ Capital Return after the annoucement till the delisting date.

So Pelikan is a very weird case. Or investors are not confident with the deal???