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???

In all cases which I noticed over the years, where the Co intended to maintain listing status in Bursa, their price normally would trade at 0.10-0.20 above the Special Div/ Capital Return sum after the Co's annoucement.

The most recent example was SCGM (declared SD RM1.85+ Cap Return RM0.36= RM2.21). The Co's share price trade ard RM2.40+ after the Co's annoucement on 09 May 2022. I think the price never stay below RM2.21 since then until the Ex dates.

Anyway, after EX SD N Capital Return of RM2.21, SCGM's price was being pushed up to the highest RM0.70+ and its RM0.585 now.

Not so soon, maybe 3 to 4 months later

Likely will be another round of goreng after Ex Date.

To play safe, buy after EGM

If the deal went thru u will get 0.85+ goreng goreng after Ex date

SD + Capital return 0.85

Intends to maintain listing status

swee woh

Glove Co r only for trading purpose...buy low sell high sell high buy low

All the bosses r very rich with billions of RM cash in their pockets..

They can make better money from goreng shares on n off rather than their glove biz

One TG alone is likely to lose more than RM500M+ this year lah

Either gov or the Rakyat pay for it

Poultry Co makes the same

States election is coming lah

Now Lien Hoe Gang got a new monkey tricks....lol

1 cent?

0.5 cent also nobody want lah by then

Pasukhas goreng for 2 days

If same pattern afternoon will drop

Goreng a expiring WA with Ex Price rm0.90 fm 0.005 to 0.25.....

Crazy

The rights issues is coming soon

Normally 2 days show, time for u to sell

Shit....missed this big fish rebound

Tmr likely another day to goreng few cents up in the morning, then will drop

Same pattern like Pasukhas

Seems Rm1.00 is the support...hope the worst is over

Did a lot of money shows to promote the IPO.....thru Youtubers....and I think even sent some here to promote ....

This year's IPOs got a lot of traps

The above r the shareholders of Tanco as well, leaded by Andrew Tan.

The game started since 2022.

After a series of major corporate exercise this year (20 shares consolidation into 1 and right issues), let's c who else will appear into the top 30 shareholders list in the coming Annual Report 2023 (to be released in June soon).

See whether Andrew n friends will bring all to Heaven or to Holland.....

LIST OF TOP 30 SHAREHOLDERS AS AT 31 May 2022 (Annual Report of Eduspec 2022)

1. CgS-CIMb Nominees (Tempatan) Sdn bhd
Pledged Securities account For andrew Tan Jun Suan (My1868)
3. Inter-Pacific Equity Nominees (asing) Sdn bhd
Pledged Securities account For Chen, Quanqing (aC0106)
6. Chen, Quanqing
9. Cimsec Nominees (Tempatan) Sdn bhd
CIMb For andrew Tan Jun Suan (Pb)
10. Lim Chia Loon
11. Ta Nominees (Tempatan) Sdn bhd
Pledged Securities account For Liang Tian Jing
12. JF apex Nominees (Tempatan) Sdn bhd
Pledged Securities account For Liang Tian Kiat (Margin)
14. M & a Nominee (Tempatan) Sdn bhd
Pledged Securities account For andrew Tan Jun Suan (M&a)
24. Ta Nominees (Tempatan) Sdn bhd
Pledged Securities account For Liang Tian Kiat
25. Shen, yumei
26. Lye Loi Keng
27. Lau Fei Fei
30. Er Chun Tat

I m so envy of U guys

Or mayb many here bought low at Rm1.40+ and is now having 50% paper gain leh

our grapes is better than stuck with hefty paper loss loh....

Post removed.Why?

Share goreng biz will be Glove Co Boss's core biz now as this can make much better profit than their glove biz

Happy trading