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2021-09-06 10:08 | Report Abuse
DBG RIGHTS ISSUE
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,202,508,096 NEW ORDINARY SHARES IN DGB ("DGB SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.12 PER RIGHTS SHARE TOGETHER WITH UP TO 601,254,048 FREE DETACHABLE WARRANTS IN DGB ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 22 DECEMBER 2020 ("RIGHTS ISSUE WITH WARRANTS")
===============================
RI price = 12sen
Current price = 4.5 sen
Stock
2021-09-06 10:08 | Report Abuse
AEM RIGHTS ISSUE
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,442,419,508 NEW ORDINARY SHARES IN AE MULTI HOLDINGS BERHAD ("AEM" OR THE "COMPANY") ("AEM SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.05 PER RIGHTS SHARE TOGETHER WITH UP TO 1,081,814,631 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS B") ON THE BASIS OF 4 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS B FOR EVERY 2 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 21 JULY 2021 ("RIGHTS ISSUE WITH WARRANTS")
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RI Price = 5sen
Current Price = 4sen
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2021-09-06 09:13 | Report Abuse
FOR NEW NEWBIES
Ex-date = 27 Aug 2021
Ex-Price = 0.05
Price per rights share = 0.06
================================
Trading Rights (OR) = 01 Sep 2021 - 7 Sep 2021
Acceptance and Payment = 15 Sep 2021 05:00 PM
Date for announcement of final subscription result 23 Sep 2021
Listing Date = 30 Sep 2021
You can roughly gauge retailers response to rights issue application when the OR is traded from 1/9 - 7/9
Current Total issued share = 2,796,130,182
Assuming RI is fully subscribed,
total issued shares = 5,592,260,364
New WB = 2,796,130,182
=======================================
If full subscribed , total amount raised = RM167,767,810
If under-subscribed, minimum amount needed to be raised = RM20 million
=======================================
Price per rights share = 0.06
As at 3/9/21,
Stock price = 0.055
KANGER-OR = 0.005 seller quote.
Trading Rights (OR) = 01 Sep 2021 - 7 Sep 2021
=========================================
TAYOR
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2021-09-04 15:34 | Report Abuse
Retail investors are getting smarter not to contribute money to company fund raising for directors to do loss making business for multi years.
Most likely RI will be under-subscribed by retailers.
Operators might look for other loss making penny stock companies to support with excess application to make the RI exercise looks good.
Wait for Date for announcement of final subscription result and basis of allotment of excess Rights Securities 23 Sep 2021
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2021-09-03 22:24 | Report Abuse
NETX will undertake more fund raising exercise by issuing more shares to PP or Rights Issue.
Total Issued Shares will again increase to MULTI-BILLION.
Trade wisely, closely watch the QR and how company fund flows out.
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2021-09-03 16:43 | Report Abuse
Bad intention by anyone, you, me, kuah, chai will be met with bad karma.
MZM, do you agree ?
YES or NO ?
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2021-09-03 15:40 | Report Abuse
Completed following fund raising exercise on 22/01/21
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,202,508,096 NEW ORDINARY SHARES IN DGB ("DGB SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.12 PER RIGHTS SHARE TOGETHER WITH UP TO 601,254,048 FREE DETACHABLE WARRANTS IN DGB ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 22 DECEMBER 2020 ("RIGHTS ISSUE WITH WARRANTS")
Rights Issue with Warrants has been completed on 22/01/21 following the listing and quotation of 956,377,178 Rights Shares, 478,188,586 Warrants C and 45,224,868 additional Warrants B on the ACE Market of Bursa Securities on even date.
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2021-09-03 14:25 | Report Abuse
My friend say eddy chai is the son of aset kayamas owner chai king kong
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2021-09-03 12:28 | Report Abuse
Who is Eddie Chai ?
Is he shareholder of Kanger
---------------------------------------------
Extracted from Annual Report
List of 30 largest shareholders
8. Chai woon chet 29,000,000 1.04%
9. Kuah choon ching 25mil 0.89
30. Lee chong wei 7.5mil 0.27
--------------------------------------------
Is he related to Datuk Chai of Aset Kayamas that sold 126 units of Antara@Genting serviced apartment to Mr Kuah of Kanger ?
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2021-09-03 12:22 | Report Abuse
Important Relevant Dates for Renounceable Rights (AMENDED)
RENOUNCEABLE RIGHTS ISSUE OF UP TO 797,746,170 NEW ORDINARY SHARES IN PDZ HOLDINGS BHD ("PDZ" OR THE "COMPANY") ("PDZ SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.14 PER RIGHTS SHARE TOGETHER WITH UP TO 265,915,390 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 1 OCTOBER 2021
Ex-Date = 30 Sep 2021
Date for trading of rights = 04 Oct 2021 - 10 Oct 2021
Date for announcement of final subscription result and basis of allotment of excess Rights Securities = 25 Oct 2021
Acceptance and Payment 18 Oct 2021 05:00 PM
Excess share application and payment 18 Oct 2021 05:00 PM
Available/Listing Date 02 Nov 2021
Ratio (New : Existing) 6.0000 : 1.0000
Rights Issue / Offer Price Malaysian Ringgit (MYR) 0.1400
======================================
Exercise price of Warrants C = RM0.16 per Warrant C
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Consolidated (10:1) price on 9/8/21 = 0.30
Price as at 2/9/21 = 0.20
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On ex-date 30/9/21, price will be adjusted downward based on 6 rights shares and 2 free warrant for 1 share
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Look at price movement of other penny stocks with similar exercise.
Trade wisely, don't be trapped for years
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2021-09-03 11:41 | Report Abuse
some will agree, some will not agree, the rest couldn't be bothered
Your money, you decide. Good luck.
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2021-09-03 10:50 | Report Abuse
Posted by POP888 > Sep 2, 2021 10:30 PM | Report Abuse
Issue rights beli CONDO di tempat paling tinggi and sejuk. Mampos laaa… condo baru 10% siap tapi minta duit nak bayar 142juta. Itu 142juta kalau dapat drpd rights issue akan bagi aset kayamas buat rolling capital untuk kasi siap. Last2 untung aset kayamas. Kanger yg buat financing. Siapa yg beli rights memang bodoh beli condo yg belom siap di tempat tinggi.
Posted by POP888 > Sep 2, 2021 10:50 PM | Report Abuse
Tengok Q sell itu rights pun sudah tahu tak laku. Klau itu rights separuh masak lagi susah. Katakan minta RM142juta tapi yg subcribe rights cuma RM20juta. Macam mana mao beli CONDO? Sudah tentu BOD cakap mao cancel ini plan. Pas tu RM20juta yang masuk Kanger akan keluar masuk pocket En. Kuat KenCing.
==================================
Saya sokong pendapat POP888
Adakah anda juga sokong pendapat beliau ?
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2021-09-03 09:44 | Report Abuse
FREQUENT SELLING BY SUBSTANTIAL SHAREHOLDER
At such low price !!!
==========================================
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
NEXGRAM HOLDINGS BERHAD
Particulars of substantial Securities Holder
Name OZURA FIRSTLOGIX SDN BHD
27 Aug 2021 405,400
30 Aug 2021 2,394,600
Circumstances by reason of which change has occurred Disposal of shares
Nature of interest Direct Interest
Direct (units) 503,735,194
Direct (%) 12.151
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Total no of securities after change 503,735,194
Date of notice 02 Sep 2021
Date notice received by Listed Issuer 02 Sep 2021
===========================================
Apa sudah jadi.
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2021-09-02 17:06 | Report Abuse
Look at it objectively, it is a bad decision to pay RM142 mil for new properties under construction, only ready in 3, 4 years.
Can safely say that Jan 2021 was not the right time to invest in property. Many question marks ???
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2021-09-02 16:38 | Report Abuse
Kanger acquires RM143m hillside property with funding from rights issue
https://www.nst.com.my/property/2021/02/668553/kanger-enters-genting-highlands-rm1429-million-investment-serviced-suites
Purchase of 126 units of properties looks like helping friend's project as sales were sluggish during pandemic period at beginning of 2021 when almost lockdown were still imposed.
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2021-09-02 15:42 | Report Abuse
Extracted from Annual Report
List of 30 largest shareholders
8. Chai woon chet 29,000,000 1.04%
9. Kuah choon ching 25mil 0.89
30. Lee chong wei 7.5mil 0.27
No. 8 is director in loss making penny stocks anzo, oversea, m3tech and have stakes in other (mostly loss making) penny stocks
No. 9 has undertaking to subscribe rm20 mil of RI at 6cts per share
No substantial shareholders (5% or higher) as at 30 July 2021
Is it someone pushing down the price to below RI price of 6cts?
Let's wait to see any boardroom changes if some substantial shareholders appear.
===============================
No 8 is related to Aset Kayamas owner ?
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2021-09-02 15:01 | Report Abuse
Silly to spend RM142 million of shareholders money to purchase property under development.
Waiting period for completion 3 to 4 years.
Risk of delay in completion due to shortage of workers, work interruption, etc
Risk of suspended project due to sluggish demand
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2021-09-02 14:35 | Report Abuse
BLee, some will agree, some will not agree, the rest couldn't be bothered
Your money, you decide. Good luck.
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2021-09-02 11:56 | Report Abuse
Mana MZM, MIA again?
3 hari tak lawat OKU_2020 ?
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2021-09-02 11:52 | Report Abuse
Money raised from RI will eventually be used to pay for the purchase of 126 units of Antara @ Genting Highlands serviced suite costing RM142.9 milion
https://www.nst.com.my/property/2021/02/668553/kanger-enters-genting-highlands-rm1429-million-investment-serviced-suites
- S&P signed during national lockdown period; Is the purchase a good investment during pandemic period.
- Average price per unit = RM1.13 million. What is the average price of similar property around the area.
Antara @ Genting Highlands is under construction and development (with approximately 12% completion as at the LPD) with expected completion by January 2026. The proposed development will be carried out in 2 phases; the first phase of the development shall comprise the podium block together with Blocks A and B and the second phase shall comprise Blocks C and D. At this juncture, the first phase of the development is anticipated to be completed by June 2025.
- expected completion is Jan 2026. Another 5 long years before shareholders can "enjoy" the returns in investment
==========================
Aset Kayamas Sdn Bhd, (owned by Tan Sri Datuk Chai Kin Kong) is the developer of Antara Genting Highlands Resort Suites (Antara @ Genting Highlands).
https://asetkayamas.com/about-us/
==========================
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2021-09-01 23:28 | Report Abuse
Time will tell. Remember the condo completion date is January 2026 (if there is no delay).
Just stay safe & healthy and let all of us wait for the outcome.
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2021-09-01 22:50 | Report Abuse
MZM, who is the owner of Aset Kayamas ?
Looks like Kanger is bailing out the company, maybe they are good friend.
Do a survey of the properties around the same area and assess whether it is worth buying at this price?
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2021-09-01 21:39 | Report Abuse
MZM,
"to be satisfied entirely via cash." means what? Can't be bank borrowing?
Read below and see whether you understand the meaning of "satisfied entirely in cash"
The Purchase Consideration will be satisfied entirely in cash in the following manner:-
___________________________Minimum Scenario________________Maximum Scenario
Source of funding_________________RM'000________________________RM'000
Cash consideration________________ 18,977_______________________ 142,870
Bank borrowings_________________ 123,893__________________________ -
Purchase Consideration___________ 142,870________________________142,870
On the date of the SPA, Kanger Ventures had paid a deposit amounting to 10% of the Purchase Consideration ("Deposit") to AKSB in accordance with the terms and conditions of the SPA. The remaining 90% of the Purchase Consideration shall be paid in tranches within 54 months from the unconditional date of the SPA in the manner as set out in Appendix III of this Circular.
Under the Maximum Scenario, Kanger is expected to raise up to approximately RM171.72 million from the Proposed Rights Issue with Warrants and the Purchase Consideration shall be financed entirely via the proceeds to be raised from the Proposed Rights Issue with Warrants.
Under the Minimum Scenario, Kanger will raise RM20.00 million, of which RM18.98 million is earmarked for the partial settlement of the Purchase Consideration. As such, there will be a shortfall of approximately RM123.89 million between the Purchase Consideration and the proceeds earmarked for the partial settlement of the Purchase Consideration ("Shortfall").
It is our Board's intention to finance the Shortfall entirely through bank borrowings.
For shareholders' information, as 31 March 2021, our Group's bank borrowings amounted to RM59.22 million.
==================================
Would you pay cash for your condo? Of course yes, if the money is contributed by some generous people.
The directors are like you, hoping to pay full cash, without bank borrowing, for the properties as the money is from generous shareholders who are always willing to give in to cash call.
But I think more shareholders are getting smarter not to blindly contribute to company fund raising.
====================================
Also note the following and don't complain of not seeing any returns for so many years
Antara @ Genting Highlands is under construction and development (with approximately 12% completion as at the LPD) with expected completion by January 2026. The proposed development will be carried out in 2 phases; the first phase of the development shall comprise the podium block together with Blocks A and B and the second phase shall comprise Blocks C and D. At this juncture, the first phase of the development is anticipated to be completed by June 2025.
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There are many other questions regarding the purchase if you are willing to look at it objectively.
I can only tell you the ending will likely not be sweet for the shareholders.
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2021-09-01 17:11 | Report Abuse
You should ask Mr Kuah, why he decided to raise RM172 million if he needs only RM20 million for the acquisition. Of course more free money from shareholders will be good for him to spend lavishly.
How much was wasted on the glove business ? Too much cash will make the directors complacent. And greed will make the money flow out easily.
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2021-09-01 14:32 | Report Abuse
Need to do shares consolidation to reduce NOSH, then only uptrend can be easier to maintain.
Or get a bigger figure for Other Income to give a higher EPS. Wait for next QR to see.
Don't forget it has 2 fat babies to lift up too.
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2021-09-01 14:15 | Report Abuse
What happened to the glove business?
Invested 77mil, any positive update or just part of spending spree.
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2021-09-01 12:38 | Report Abuse
As at 31/3/21, Kanger has
Cash = 81.72 mil
Debt = 66.01 mil
FINTEC has far more cash than Kanger
And many more loss making penny stocks are net cash
Mostly, the cash are from fund raising by share issuance via RI, ESOS or PP
And mostly, the cash will be 'legally' flowed out of the company over time, by acquiring inflated-priced assets, penny stocks investment, etc
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2021-09-01 11:55 | Report Abuse
Aggressive promoter at work.
You should show the way by buying at lowest possible price (0.005) and sell for 100% profit by 7/9/21 last trading day for OR.
I think better option is to buy the mother at below the RI price instead of subscribing for the RI.
Let Mr Kuah dig his pocket to pay for his own fund raising exercise.
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2021-09-01 11:33 | Report Abuse
Extracted from latest QR
Revenue 15,817
Cost of sales (13,850)
Gross profit 1,967
Other income 48,024
Operating expenses (14,367)
Profit from operations 35,624
Finance costs (213)
Profit before taxation 35,411
If without the "Other income", there will be a LOSS of RM12,613,000
Can there be huge "Other Income" item to turn losses to profit in subsequent quarters?
Good luck to all long term holders.
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2021-09-01 10:32 | Report Abuse
Important date
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,207,787,815 NEW ORDINARY SHARES IN LAMBO GROUP BERHAD ("LAMBO" OR THE "COMPANY") ("LAMBO SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE TOGETHER WITH UP TO 483,115,126 FREE DETACHABLE WARRANTS IN LAMBO ("WARRANTS C") ON THE BASIS OF 5 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 12 AUGUST 2021
Closing date for Acceptance, Renunciation and Payment : 27 Aug 2021
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 06 Sep 2021
==========================
Looking forward to 6/9/21, to see the response to the Rights Issue.
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2021-09-01 10:26 | Report Abuse
COMPLETED RI at 0.09
RENOUNCEABLE RIGHTS ISSUE OF UP TO 755,123,412 NEW ORDINARY SHARES IN MLABS ("MLABS SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.09 PER RIGHTS SHARE TOGETHER WITH UP TO 440,488,657 FREE DETACHABLE WARRANTS IN MLABS ("WARRANTS C") ON THE BASIS OF 12 RIGHTS SHARES TOGETHER WITH 7 FREE WARRANTS C FOR EVERY 2 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 13 NOVEMBER 2020
==========================================
Trade wisely, be careful of company doing fund raising
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2021-09-01 10:08 | Report Abuse
Current price lower than RI price,
Can buy from market if intended to subscribed RI.
Lesser new shares issued means lesser dilution in EPS and shareholders equity
Let Mr Kuah subscribe most of the RI to fund his projects, he will be more diligent to ensure success
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2021-09-01 09:55 | Report Abuse
MZM,
Mr Chai is inside KANGER, he is be better than Mr Kuah in corporate exercise. Google to find out
Wait for announcement of substantial shareholders, maybe he will be one.
Stock: [TWL]: TWL HOLDINGS BERHAD
2021-09-06 10:16 |
Post removed.Why?