Is it true than Conversion of this Preference share need exercise price of RM0.25.
Then why pay RM0.25 to get a share worth RM0.07?

The Company wishes to announce that Encik Abdul Malik Bin Abdul Rahim, a principal officer of the Company had given notice of his dealings in securities of THHE, in relation to the conversion of Islamic Irredeemable Convertible Preference Shares (ICPS-i) into Ordinary Shares of THHE, which are exempted from the restrictions or requirements of Paragraphs 14.04 and 14.05 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”) pursuant to Paragraph 14.06(c) of MMLR.

Details are set out in the table below:-
Direct Interest – Ordinary Shares
Date of Allotment
Price per Share (RM)
No. of Share Acquired/(Dispose)
Percentage (%)
No. of Securities after Change

4 December 2019
N/A
26,506
0.00236%
26,606
This announcement is dated 5 December 2019.

https://malaysiastock.biz/Company-Announcement.aspx?id=1189340

THHEAVY-PB Overview
Security Code: 7206PB
Security Name: TH HEAVY ENGINEERING BERHAD-ISLAMIC IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES 15/20
Type: Preference Shares
Board: MAIN
Sector: Energy
Sub-Sector: Energy Infrastructure, Equipment & Services
Listing Date: 14 Sep 2015
Maturity Date: 07 Sep 2020
Number of Shares: 1,099,804,600
Exercise Level: MYR 0.2500
Conversion Ratio: 1 : 1
Underlying Stock:
THHEAVY


Is it true than Conversion of this Preference share need exercise price of RM0.25.

Wonder the vendor will raise its selling price?


The Board of Directors of PMH wish to announce that PMH was informed by RHB Investment Bank Berhad on behalf of Dato’ Dr Yu Kuan Chon that Dato’ Dr Yu Kuan Chon had on 12 December 2014 entered into a Share Sale Agreement to acquire 642,700,783 PMH Shares from the Vendors for a total cash consideration of RM77,124,094. Upon completion of the Proposed Acquisition, the aggregate interests of Dato’ Dr Yu Kuan Chon and the persons acting in-concert with him will increase from 49,506,900 PMH Shares, representing approximately 5.330%, to 692,207,683 PMH Shares, representing approximately 74.522% of the issued and paid-up share capital of PMH.

AFS also no progress, 28th Nov was ovedued

Hi Calvin, thank you for your info. Oh yeah! The 6 lanes access highway. I have totally forget about it. Hope MPCORP will submit the AFS before 14th Nov, that will be much better. MPCORP need to work harder to gain confidence from investor. Also the private placement of ICULS need to be Successful, even better is oversubscribed. Then only have the money to pay 120M to ASDB. 80M is no longer an issue in short term as it has covert to term loans. Most importantly is MPCORP need to stay listed in order to proceed to the RIGHTS ISSUE.

MPCORP has turned down investors too many time IMHO. From Aptec(ASDB) 5 years ago, MOU with Korea, Thailand, HK, China. Even the current AFS, if I'm not mistaken, filing to Bursa on 27th Oct mentioning it need another 5 days. Well, it has failed to do so. Good luck to MPCORP, ho'oponopono!

Hi Calvin, thanks for the feedback. My worries is Mpcorp will take longer than one Week Period to Submit the AFS. Auditor seems need longer time.

Hi Calvintaneng, just to clarify with you. AIn BJCORP forum, r u tellin MPCORP share u r holding is the profit u gained from "buying MPCorp at 0.38 & Selling at 0.50+"? So, now are you still holding?

Tomorrow is the last day for AFS submission. Wonder why cant submit early?
Calvintaneng, what is your view on current situation? As usual as of your investment style;load more now as bargain sale is on now?

I wonder when will the audited report out? Hope it was delayed with reasons due RHB debt restructuring and etc, NOT due correction in financial account

Hi Pang123, what is QPR?

Hi Calvin Tan, how can we discover a company's debt is caused wrong investment? Is it from the financial statement? Mind to share?

This is my first time seeing filing to bursa Msia with percentage of vote

Hi Goldisgold, how to check insider trading

Hi Choongpooh, glad to see you are back. Wonder where is SamT? Is he alright?

Hi Steven Yong, Mind share more on Hlind? what is "
Hlind buy 1000 unit min. Loss 1100 to 1500. Then wait profit come in for narra on friday. If lucky sell ard rm3, a quick profit 1500 ti 1000."

@ will 6677, what make u say it is about time. Mind to share?

And hopefully, the appointment of the both directors will bring the company in right track.

It has almost 5 years since the last 3 for 2 rights proposal. Money had been collected and yet there is no progress for the Aptec and Lake Hill project. Money owe to ASDB is due next month, 4 weeks to go. Mou between Black Sea and Dong Zeng was signed,and yet nothing is moving. And also mentioned in its quarterly report early of the year, the housing project will kick off. Half a year has gone, nothing is moving. Will MPCORP able to find investor to take up the ICULS A & B before the proposal being approved? Will the Security approve its rights proposal? Well, next Friday is the final day to submit its quarterly financial report ended 30th June 2014, just see whether we can see something positive is moving.

Hi SamT, appreciate if you could comment on current MPCORP mother share and WB.

LOL. in my holy opinion

May l know what is 1MHo

Be ready for 164 lots of Rights, which is Rm82k, ICULS A & ICULS B.

Lol! We are responsible for every decision we made!

Hi SamT, how are doing? Did you visit MPCORP's Sales Office @ Johor? What is your opinion on the appointment of Dr. Lai Chee Chuen as Director?

Hi Sam, for the ICULS A & B, Can We Convert them at any time?

For those need Counselling, can look for me. I'm using Dianetics technique! LOL :)

Hi Calvin ， nobody hear that. So much fear!Much more @ WB

Hi SamT, mind explain in more details for the below?
Assuming the stock price at RM0.70 after entitlement date
WB conversion price at RM0.50 , the value for WB itself will be RM0.20
As 1 WB entitle to 0.8 right and 0.4 free warrant.

The gain from subscribing the right will be 0.8 * 0.2 = 0.16.
0.8= Right? 0.2= WB, Warrant Value? The logic behind the calculation?
The gain from new warrant will be 0.4 * 0.30 ( the time value of the warrant although out of money ) = 0.12
0.4= Free Warrant? 0.3= the time value of the warrant although out of money, what does it mean? It is the value of WB or WC at entitlement date?

Therefore , the opportunity for the gain will be RM0.20 + RM0.16 + RM0.12 = RM0.48 , which equal to almost 500% jump from current price of RM0.09. If it is so the value of WB, then Mother share should valued near to RM1.00 at entitlement date?

Even the stock price stay at RM0.50 , for every 1000 shares of warrant B ( assume at RM0.09 )
WB conversion to 1 share = RM0.50 + RM0.09 = RM590 for 1000 shares
purchase of right share = RM0.50 * 800 = RM400
Total investment = RM990

Stock + warrant value ( assume after ex-date at RM0.50 per share ) = RM900 + 400*0.25 = RM1000
Return will be RM10 ( enough for one cup of coffee at Starbuck )...

400 = Free Warrant? 0.25=Free Warrant Price, WC?

Hi SamT, thank you for your sharing. What about MPCORP-WB? Any comments on this warrant?
The warrant price was closed at 0.09 on date of announcement. And the price was dropping from averaging 0.12 prior Proposal Announcement.

Whereas the Mother share was closed at 0.485 and it seems it is supported at about this range. I agree with you that mother share will stay above 0.50. Well, TPY has bought about 15M (5%) of mother share on 18-July at 0.55.

Appreciate if you could comment on current Warrant, MPCOPP-WB.