...... However, not all companies that pursue rights offerings are in financial trouble------------- If the company is REALLY using the extra capital to fund expansion, it can eventually lead to increased capital gains for shareholders despite the dilution of the outstanding shares as a result of the rights offering.

MY IDEA IS BE FAIR IN MAKING CONCLUSIONS...

We are free to judge the Fintec group based on OUR own observation. He He

The testing process of my simple theory on right issue is still ongoing.
-----------
We have another 5 trading days left which are 8/9,9/9,10/9,13/9 and 14/9 before the last date to subscribe and pay for the right issue on 15/9.

Yes, the time is getting shorter. I hope there is still enough time for the price to be cooked up.

TAYOR

Why Issue a Rights Offering?

Companies most commonly issue a rights offering to raise additional capital. A company may need extra capital to meet its current financial obligations. Troubled companies typically use rights issues to pay down debt, especially when they are unable to borrow more money.

However, not all companies that pursue rights offerings are in financial trouble. Even companies with clean balance sheets may use rights issues. These issues might be a way to raise extra capital to fund expenditures designed to expand the company's business, such as acquisitions or opening new facilities for manufacturing or sales. If the company is using the extra capital to fund expansion, it can eventually lead to increased capital gains for shareholders despite the dilution of the outstanding shares as a result of the rights offering.

whistlebower99 ........ The OR trading at 0.005 seller quote for 7 trading days is an indication that shareholders are not happy with the massive fund raising exercise.

---------------
Not necessarily TRUE.

I think the main cause is, the share price kept transacted below the right issue price. The confidence to subscribe for the right issue of shares was at low level, therefore only few shareholders has opted to buy the OR.

IF THE COMPANY LET THE SHARE PRICE BELOW THAN THE SUBSCRIPTION PRICE UP TO THE LAST DATE OF SUBSCRIPTION AND PAYMENT, I THINK THE PERCENTAGE OF SUBSCRIPTION FOR THE RIGHT ISSUE BY ITS CURRENT SHAREHOLDERS WILL BE VERY LOW.

In general, share consolidation is perceived negatively, especially by investors. When investors see the stock price plummet, share consolidation will be seen as an accounting tactic to save the image of a company that is not performing well. As a result, they usually sell the company's shares, which eventually brings down the price again.

However, as bad as it seems, share consolidation might be able to boost the stock value and the company's prospects. This, quite frequently, attracts new investors to the company and helps resurrect its fortunes.

Why Issue a Rights Offering?

Companies most commonly issue a rights offering to raise additional capital. A company may need extra capital to meet its current financial obligations. Troubled companies typically use rights issues to pay down debt, especially when they are unable to borrow more money.

However, not all companies that pursue rights offerings are in financial trouble. Even companies with clean balance sheets may use rights issues. These issues might be a way to raise extra capital to fund expenditures designed to expand the company's business, such as acquisitions or opening new facilities for manufacturing or sales. If the company is using the extra capital to fund expansion, it can eventually lead to increased capital gains for shareholders despite the dilution of the outstanding shares as a result of the rights offering.

@wistlebower99. You are still the original you.

Some infrormation are true, but many are ill intention information, misleading because only try to point on negativity only.

Why Issue a Rights Offering?

Companies most commonly issue a rights offering to raise additional capital. A company may need extra capital to meet its current financial obligations. Troubled companies typically use rights issues to pay down debt, especially when they are unable to borrow more money.

However, not all companies that pursue rights offerings are in financial trouble. Even companies with clean balance sheets may use rights issues. These issues might be a way to raise extra capital to fund expenditures designed to expand the company's business, such as acquisitions or opening new facilities for manufacturing or sales. If the company is using the extra capital to fund expansion, it can eventually lead to increased capital gains for shareholders despite the dilution of the outstanding shares as a result of the rights offering.

Why Issue a Rights Offering?

Companies most commonly issue a rights offering to raise additional capital. A company may need extra capital to meet its current financial obligations. Troubled companies typically use rights issues to pay down debt, especially when they are unable to borrow more money.

However, not all companies that pursue rights offerings are in financial trouble. Even companies with clean balance sheets may use rights issues. These issues might be a way to raise extra capital to fund expenditures designed to expand the company's business, such as acquisitions or opening new facilities for manufacturing or sales. If the company is using the extra capital to fund expansion, it can eventually lead to increased capital gains for shareholders despite the dilution of the outstanding shares as a result of the rights offering.

Some are true, but many are ill intention information, misleading because only try to point on negativity only.

Some are true, but many are ill intention information, misleading because only try to point on negativity only.

Whistlebower99. I'm waiting and preparing to subscribe the RI. Still hoping at least the price will touch 6-6.5 sen in incoming days before 15/9.

In general, share consolidation is perceived negatively, especially by investors. When investors see the stock price plummet, share consolidation will be seen as an accounting tactic to save the image of a company that is not performing well. As a result, they usually sell the company's shares, which eventually brings down the price again.

However, as bad as it seems, share consolidation might be able to boost the stock value and the company's prospects. This, quite frequently, attracts new investors to the company and helps resurrect its fortunes.

whistlebower99 MZM, operator want fresh fund for RI not recycled fund from selling your shares
---------------------
Fresh fund or recycled fund can be the same. As, the right has been subscribed, the fund will flow in to the company. I think, even the retailers ( you referred it as fresh fund) won't subscribe if they can buy the share @ 5 sen in the market.

wistlebower99. I'm still kicking. Waiting to subscribe the RI. Still hoping at least the price will touch 6-6.5 sen in incoming days before 15/9.

Eastern686 The question is not whether he has any shares, it is "is what he wrote true or false?
-----------------
Some are true, but many are false, an ill intention information, misleading and some are only based on his wild accusations. If he doesn't has any shares on his targeted counter, I think his probable ill intention acts will be more obvious.

@wistlebower99. Thanks for updates on Lambo RI.
Hope the Kanger RI also will be a success.

Eastern686 The question is not whether he has any shares, it is "is what he wrote true or false?
-----------------
Some are true, but many are false and in ill intention information, misleading and some are only based on his wild accusations. If he don't has any shares on his targeted counter, I think his probable ill intention acts will be more obvious.

Eastern686 The question is not whether he has any shares, it is "is what he wrote true or false?
-----------------
Some are true, but many are false and in ill intention information, misleading and some are only based on his wild accusations. If he don't has any shares on his targeted counter, I think his probable ill intention acts will be more obvious.

Eastern686 The question is not whether he has any shares, it is "is what he wrote true or false?
-----------------
Some are true, but many are false and in ill intention information, misleading and some are only based on his wild accusations. If he don't has any shares on his targeted counter, I think his probable ill intention acts will be more obvious.

Eastern686 The question is not whether he has any shares, it is "is what he wrote true or false?
-----------------
Some are true, but many are false and in ill intention information, misleading and some are only based on his wild accusations. If he don't has any shares on his targeted counter, I think his probable ill intention acts will be more obvious.

Eastern686 The question is not whether he has any shares, it is "is what he wrote true or false?
-----------------
Some are true, but many are false and in ill intention information, misleading and some are only based on his wild accusations. If he don't has any shares on his targeted counter, I think his probable ill intention acts will be more obvious.

Eastern686 The question is not whether he has any shares, it is "is what he wrote true or false?
-----------------
Some are true, but many are false and in ill intention information, misleading and some are only based on his wild accusations. If he don't has any shares on his targeted counter, I think his probable ill intention acts will be more obvious.

The main point should be asked to wistlebower99 is, does he own any Kanger shares???

If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

If his answer is NO, he has BAD INTENTION on Kanger and its shareholders

whistlebower99 MZM2511, the BOMOH KELAPA, takda bola berani nak masuk NEXGRAM.

OKU2020 miss you.
---------------

What? Is it true that your ID also one the clone ID of OKU_2020? The ill intention spammer with 1,000 IDs.

By the way. I'm in my own group for Nexgram. He He

whistlebower99.....

DO YOU HAVE SHARES IN KANGER?

LOOKING SO DESPERATE TO MAKE SURE WE, THE CURRENT SHAREHOLDER OF KANGER MAKING LOSSES...

The answer could be here:

I asked you this simple question so many times.
Never get the answer from you.
Therefore I dare to call you an ill intention spammer/naysayer here.

BUT:

If your answer is YES, you are a F. O. O. L, because you are trying to burn your own f. o. o. l head.

If your answer is NO. you have BAD INTENTION on Kanger and its shareholders

FOR NEWBIES

The main point should be asked to wistlebower99 before believe all the information given by this fellow. Do he own any shares at any counter he posted his information?

If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

If his answer is NO, he probably has BAD INTENTION on the company and its shareholdersFOR

FOR NEWBIES

The main point should be asked to wistlebower99 before believe all the information given by this fellow. Do he own any shares at any counter he posted his information?

If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

If his answer is NO, he probably has BAD INTENTION on the company and its shareholdersFOR

FOR NEWBIES

The main point should be asked to wistlebower99 before believe all the information given by this fellow. Do he own any shares at any counter he posted his information?

If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

If his answer is NO, he probably has BAD INTENTION on the company and its shareholdersFOR

FOR NEWBIES

The main point should be asked to wistlebower99 before believe all the information given by this fellow. Do he own any shares at any counter he posted his information?

If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

If his answer is NO, he probably has BAD INTENTION on the company and its shareholdersFOR

FOR NEWBIES

The main point should be asked to wistlebower99 before believe all the information given by this fellow. Do he own any shares at any counter he posted his information?

If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

If his answer is NO, he probably has BAD INTENTION on the company and its shareholdersFOR

whistlebower99 BOMOH KELAPA takda bola masuk NEXGRAM
----------
I'm in my own group for Nexgram. He He

FOR NEWBIES

The main point should be asked to wistlebower99 before believe all the information given by this fellow. Do he own any shares at any counter he posted his information?

If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

If his answer is NO, he probably has BAD INTENTION on the company and its shareholders

FOR NEWBIES

The main point should be asked to wistlebower99 before believe all the information given by this fellow. Do he own any shares at any counter he posted his information?

If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

If his answer is NO, he probably has BAD INTENTION on the company and its shareholders

FOR NEWBIES

The main point should be asked to wistlebower99 before believe all the information given by this fellow. Do he own any shares at any counter he posted his information?

If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

If his answer is NO, he probably has BAD INTENTION on the company and its shareholders

FOR NEWBIES

The main point should be asked to wistlebower99 before believe all the information given by this fellow. Do he own any shares at any counter he posted his information?

If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

If his answer is NO, he probably has BAD INTENTION on the company and its shareholders

FOR NEWBIES

The main point should be asked to wistlebower99 before believe all the information given by this fellow. Do he own any shares at any counter he posted his information?

If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

If his answer is NO, he probably has BAD INTENTION on the company and its shareholders

FOR NEWBIES

The main point should be asked to wistlebower99 before believe all the information given by this fellow. Do he own any shares at any counter he posted his information?

If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

If his answer is NO, he probably has BAD INTENTION on the company and its shareholders

FOR NEWBIES

The main point should be asked to wistlebower99 before believe all the information given by this fellow. Do he own any shares at any counter he posted his information?

If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

If his answer is NO, he probably has BAD INTENTION on the company and its shareholders

@mo1malaysia. .....Besides the businesses in Malaysian...
-----------
Should be referred to the new businesses in Malaysia such as construction, healthcare, trading of construction materials and property investment. ....

@wistlebower99.

To repost another comments as a conversation.

MORAL OF THE STORY IS, we also has to learn on some of the companies which had a successful and progressing after executed their RI exercises.

Different companies has a different management............ which we can't simply judge it before it's become a reality.

---------------

nubiskubissss MZM2511 >>> do you know any penny stocks which are progressing after executing their RI?
27/08/2021 10:57 AM


MZM2511 @nubiskubissss.

One of them. Look at some PP and RI done by Hong Seng. What is the state of Hong Seng right now. The company's price between 4.5 sen - RM1.87 (now)
27/08/2021 11:08 AM


MZM2511 @nubiskubissss. You can find more if you search for it.
27/08/2021 11:10 AM

Peace99 May I also add dolphin RI 6 sen, TFP 3 sen, now both are trading higher, esp. TFP

whistlebower99 Don't think the Operator so kind to push up the price to above RI price for you to sell your shares to subscribe the RI.
---------------
My answer as stated:

WON' SUBSCRIBE IF THE PRICE BEFORE THE END OF ACCEPTANCE DATE IS NOT UPPER THAN 6 SEN.

MY FOOLISH LOGIC IS, IF THE PRICE CAN'T BE PUSHED UP BEFORE THE LAST DATE OF THE RI ACCEPTANCE, I'M MORE FOOLISH TO BELIEVE THAT THE PRICE WILL BE PUSHED UP HIGHER AFTER THE LISTING OF THE NEW RI SHARES (at least in the short term after the RI share listing). IT'S THE LOGIC FROM ECONOMICS THEORIES.

IF THEY DON'T PUSH THE PRICE, LET THEIR RI EXERCISE FAIL.

@OrlandoOilSemiconIot. Stil want to stick to your no 0.06 no subscribe?
--------------

Yes. I did stated here earlier about that. You can check the posting as below:

---Stock: [KANGER]: KANGER INTERNATIONAL BHD

Aug 27, 2021 3:20 PM | Report Abuse

@hlh1962. Yes. The new warrant also probably listed and ready for transaction on the same date.

Frankly, I will subscribe the RI shares only in a condition that the share price before the last date for acceptance and payment @ above 6 sen, for instance @ 7 sen above.

Others, maybe have different plan. TAYOR.

-------------------------------------------------------
And:

1. But I really have a high hope that the price should be pushed up to at least more than 6 sen. It's will gives me the confidence to subscribe the RI share.

I still believe Kanger''s RI also will be a success. I have a feeling that the price would be push up to more than 6 sen before the last date of subscription date.

2. If the price is not higher than 6 sen. I will not subscribe the RI. But its does not mean I will sell my current shares and opt out from Kanger. If I opted out, I have to cut loss. I don't like to cut loss any counter which I invested until i lost hope on future prospects of the counter. I still have hope on Kanger, and I will make the my plan B about my investment in Kanger later.

OrlandoOilSemiconIoT MZM u r d foolish one to say tis

.... RI shares at 6 sen each share? For me, its only the foolish decision to be made.
---------------

Please read carefully about this point. Please use your math or accounting skills. Do calculations.
You maybe get my point.

For example: Sell now at 5.5 sen. And then later buy RI shares @ 6 sen. Instantly we loss 0.5 sen.

Yes, we can add the value from the free Warrant B that we can have if we subscribe. We can sell it at let say 1.5 sen. The value of one share after subscription will be depend on the market price of the share after the the listing of new RI shares. The NOSH will be greater and the probabilty of the price to be pushed down also greater.

MY FOOLISH LOGIC IS, IF THE PRICE CAN'T BE PUSHED UP BEFORE THE LAST DATE OF THE RI ACCEPTANCE, I'M MORE FOOLISH TO BELIEVE THAT THE PRICE WILL BE PUSHED UP HIGHER AFTER THE LISTING OF THE NEW RI SHARES (at least in the short term after the RI share listing). IT'S THE LOGIC FROM ECONOMICS THEORIES.

After all. Its only my foolish idea. The clever people will never listened to an foolish man ideas. He He
TAYOR.

@wistlebower99.

To repost another comments as a conversation.

MORAL OF THE STORY IS, we also has to learn on some of the companies which had a successful and progressing after executed their RI exercises.

Different companies has a different management............ which we can't simply judge it before it's become a reality.

---------------

nubiskubissss MZM2511 >>> do you know any penny stocks which are progressing after executing their RI?
27/08/2021 10:57 AM


MZM2511 @nubiskubissss.

One of them. Look at some PP and RI done by Hong Seng. What is the state of Hong Seng right now. The company's price between 4.5 sen - RM1.87 (now)
27/08/2021 11:08 AM


MZM2511 @nubiskubissss. You can find more if you search for it.
27/08/2021 11:10 AM

Peace99 May I also add dolphin RI 6 sen, TFP 3 sen, now both are trading higher, esp. TFP
27/08/2021 11:12 AM

whistlebower99 OKU-2020 waiting for you at nexgram. why run away?
stop lying.
---------------
What? Is it true that your ID also one the clone ID of OKU_2020? The ill intention spammer with 1,000 IDs.

@dem777
----------

Oh saya faham. dem77 sama dengan wistlebower99.

Sama dari segi modus operandinya.

Dari baka klon "ill intention spammer/naysayer" yang sama.

Maaflah ya. Kalau salah tekaan saya. He He

Can check here: https://klse.i3investor.com/servlets/cube/post/dem777.jsp

OrlandoOilSemiconIoT The part whr Kanger raised fund for gloves venture thn never said a word abt it shaken people to their cores
-----------------

Referring to Kanger raised fund for glove venture issue can be explained in this answers by Kanger for the query by BURSA.

Please be noted:

6. As mentioned previously, we intend to proceed cautiously on this venture and therefore the production lines will be commissioned and installed gradually in stages. The purchase of the Land, building of a new factory, installation of initial lines and working capital will be funded through a combination of borrowings and equity injections from the shareholders of Kanger Glove, which include Kanger, CHL and any other investors brought by Kanger and CHL. The breakdown of debt and equity has not been determined, as it would depend on the ability to secure loan facilities from commercial banks. However, we would conservatively target a debt to equity ratio of not more than 50% at this point.

As for Kanger’s share of the equity contribution, it will be sourced from internally generated funds and proceeds from our Redeemable Convertible Notes (“RCN”) facility. We have just completed raising RM33.0 mil cash proceeds from the RCN facility, which is almost half of the estimated initial setup cost of the new factory and machinery (excluding land acquisition) of RM70.0 million. We are also exploring leveraging our newly completed commercial buildings in Ganzhou, Jiangxi Province, People’s Republic of China to raise additional funds, if required. At present, we believe the Ganzhou land & buildings are less than 20% leveraged when compared to our conservative estimation of its current market value.

OrlandoOilSemiconIoT.

Here some updated information about the Head of Agreement between Kanger and Castellation Holding Ltd concerning glove venture. My article was updated based on the information reported in the Abridged Prospectus for the RI. You can check other information in the said document.
--------------

6. A Head of Agreement between Kanger and Constellation Holdings Ltd, Dubai regarding the setting up of medical examination gloves manufacturing operations in Malaysia.

Progress of the agreement:

a) Based on an announcement at BURSA dated 11 August 2020.

- The company has received a formal Expression of Interest letter (“EOI”) dated 9 August 2020 from Constellation Holdings Limited, Dubai for collaboration in the setting up of medical examination gloves operations in Malaysia.

b) Based on an announcement at BURSA dated 14 August 2020.

- The company had, on 13 August 2020 entered into a heads of agreement with Constellation Holdings Limited.
- Kanger is setting up a glove manufacturing plant in Ijok, Selangor for about RM77 million.
- Kanger has incorporated a wholly-owned subsidiary, Kanger Glove Manufacturing Sdn Bhd, which will acquire around five acres in Ijok for RM6.8 million.
- Kanger Glove would spend RM70 million to build the plant and install up to eight production lines to produce medical, surgical and/or nitrile glove.

c) Based on an announcement at BURSA dated 21 August 2020.

- The Company provided additional information pursuant to the queries by BURSA.
- The company need to apply for the relevant regulatory approvals for setting up the factory.

d) Based on an announcement at BURSA dated 30 August 2021.

- Kanger Abridged Prospectus For The Right Issue reported that, as at the LPD, Kanger has acquired the 3 lots of identified land pursuant to the completion of SPA I, SPA II and SPA III. The 3 lots of identified land acquired at the total amount of RM6.8 million.

- Acquisition of land under SPA I was completed on 19 March 2021, involving the purchase of a piece of vacant leasehold agriculture land held under PM 51, Lot 3518 Seksyen 2, Pekan Bestari Jaya, Daerah Kuala Selangor, Negeri Selangor measuring approximately 0.4887 hectares for a purchase consideration of RM1,000,000.00 to be entirely satisfied via cash.

- Acquisition of land under SPA II was completed on 19 March 2021, involving the purchase of a piece of vacant leasehold agriculture land held under PM 52, Lot 3517 Seksyen 2, Sungai Rambai, Batang Berjuntai, Pekan Bestari Jaya, Daerah Kuala Selangor, Negeri Selangor measuring approximately 0.484 hectares for a purchase consideration of RM1,000,000.00 entirely satisfied via cash.

- Acquisition of land under SPA III was completed on 16 October 2020, involving the purchase of a piece of vacant leasehold agriculture land held under PM 79, Lot 1765, Tempat Batu 28 Ijok, Mukim Ijuk, Daerah Kuala Selangor, Negeri Selangor measuring approximately 1.2368 hectares for a purchase consideration of RM4,800,000.00 entirely satisfied via cash.

- Building of the factory has yet to commence and Constellation Holdings Limited has yet to acquire 49% equity of Kanger Glove.

Remark: As at the LPD, no definitive agreement has been entered into between the parties in relation to the said Heads of Agreement.

UPDATED AT : https://klse.i3investor.com/blogs/mzm511/2021-06-07-story-h1566103030-The_Currents_Status_of_MOUs_and_Agreements_Relating_To_KANGER_0170.jsp

@wistlebower99.

I asked you this simple question so many times.
Never get the answer from you.
Therefore I dare to call you an ill intention spammer/naysayer here.

Do you have any shares in Kanger?
I think if you don't have any, for sure you intention here will be in question.

whistlebower99.....

JUST SAY THAT YOU HAVE SHARES IN KANGER.

If your answer is YES, you are a F. O. O. L, because you are trying to burn your own f. o. o. l head.

If your answer is NO. you have BAD INTENTION on Kanger and its shareholders.

@DaitoRyu. He He He

@wistlebower99.

To repost another comments as a conversation.

MORAL OF THE STORY IS, we also has to learn on some of the companies which had a successful and progressing after executed their RI exercises.

Different companies has a different management............ which we can't simply judge it before it's become a reality.

---------------

nubiskubissss MZM2511 >>> do you know any penny stocks which are progressing after executing their RI?
27/08/2021 10:57 AM


MZM2511 @nubiskubissss.

One of them. Look at some PP and RI done by Hong Seng. What is the state of Hong Seng right now. The company's price between 4.5 sen - RM1.67 (now)

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3147350

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3088507

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=2991320
27/08/2021 11:08 AM


MZM2511 @nubiskubissss. You can find more if you search for it.
27/08/2021 11:10 AM

Peace99 May I also add dolphin RI 6 sen, TFP 3 sen, now both are trading higher, esp. TFP
27/08/2021 11:12 AM