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2021-07-28 11:18 | Report Abuse
Credit Suisse sold down to cash out ??? Who is behind this nominee account?
Sold down to cover other losses? In Pasukgb ?
=========================================
Notice of Person Ceasing (Section 139 of CA 2016)
SAUDEE GROUP BERHAD
Particulars of Substantial Securities Holder
Name CREDIT SUISSE GROUP AG
Address Paradeplatz 8
Zurich
8001
Switzerland.
Company No. CH-020.3.906.075-9
Nationality/Country of incorporation Switzerland
Descriptions (Class)
Ordinary Shares
Name of registered holder HSBC NOMINEES (ASING) SDN BHD EXEMPT AN FOR CREDIT SUISSE AG (DUB CLT NTREAT)/
Address of registered holder
No. 2. Leboh Ampang, 50100 Kuala Lumpur
Date of cessation 23 Jul 2021
No of securities disposed 6,607,700
Circumstances by reason of which a person ceases to be a substantial shareholder
Disposal of 6,607,700 shares on 23 July 2021
Date of notice 27 Jul 2021
Date notice received by Listed Issuer 27 Jul 2021
========================================
Trade with care.
https://klse.i3investor.com/blogs/Whistlebower99blog/blidx.jsp
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2021-07-27 16:53 | Report Abuse
CREDIT SUISSE GROUP AG disposed 28,924,800 shares on 22/7/21
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3177928
July so many transactions. Right hand left hand transactions?
https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=credit+suisse&cat=SH%2CCHSH&sub_type=&company=5157&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=%23%2F#/?category=all
Who is behind this nominee acct ?
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2021-07-27 09:30 | Report Abuse
@Good123,
SAUDEE
The person behind Credit Suisse nominee account very active in July, doing both buying and selling, some on same days.
On 5/7/21, it holds 40,176,800 shares (5.639%)
After days of trading, it disposed 28,924,800 shares on 22/7/21, leaving with 36,510,900 shares (5.114 %).
https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=credit%20suisse&cat=SH%2CCHSH&sub_type=&company=5157&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=%23%2F%23%2F&page=1#/?category=all
More like right pocket to left pocket to generate daily volume
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2021-07-27 09:23 | Report Abuse
The person behind Credit Suisse nominee account very active in July, doing both buying and selling, some on same days.
On 5/7/21, it holds 40,176,800 shares (5.639%)
After days of trading, it disposed 28,924,800 shares on 22/7/21, leaving with 36,510,900 shares (5.114 %).
https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=credit%20suisse&cat=SH%2CCHSH&sub_type=&company=5157&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=%23%2F%23%2F&page=1#/?category=all
More like right pocket to left pocket to generate daily volume
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2021-07-27 08:33 | Report Abuse
Has been 5 trading days since the listing of rights shares and free warrants. Expect announcements on Changes in Shareholdings of directors and substantial shareholders to be published soon.
We will then have more details on the big subscribers of rights issues and their holdings as well as any disposals.
Trade with care
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2021-07-26 16:09 | Report Abuse
Fof newbies
LAMBO - Multiple Proposal of Share Consolidation, Rights Issue With Free Warrants
Most likely to follow SANICHI and PASUKGB to have another Under-Subscription of Rights Acceptance by minority shareholders
https://klse.i3investor.com/blogs/Whistlebower99blog/2021-07-22-story-h1568722688-LAMBO_Multiple_Proposal_of_Share_Consolidation_Rights_Issue_With_Free_W.jsp
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2021-07-24 20:45 | Report Abuse
Guess the actual owner of the nominee acct in Credit Suisse Group.
Check recent announcements on Changes In Shareholding.
The transactions look like buying and selling to generate volume....
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2021-07-24 16:47 | Report Abuse
@BLee
ICPS with high issue price and high conversion ratio comes with higher risk of losses when the underlying share price dropped below the conversion price.
FOCUS-PA
Issue price = 0.055 (very high, could have manipulated up the share price prior to price fixing)
Conversion Price = 0.55
Conversion Ratio = 10:1
Total Issued Shares = 6,372,205,736
Total ICPS (PA) = 903,363,292
Total WB = 3,066,399,051
You need lots of luck if you are holding FOCUS-PA at high price, even though the maturity date is in 2030. Very likely potential candidate for share consolidation and rights issue with free warrant if current cash position is depleted over time without profit improvement.
AGES-PA
Issue Price = 0.01
Conversion Price = 0.13
Conversion Ratio = 13:1 (consider high)
Total issued shares = 1,262,036,173
Total ICPS = 3,850,826,509
Lots of money collected from ICPS issuance and conversion (around RM129,000,000) and not much cash left (how the money was utilised)
If ICPS is fully converted, total issued shares will exceed 5 BILLION
ICPS conversion ratio of 13:1 is on the high side.
Just hope annual profit can be maintained or improved as EPS will be affected by conversion of ICPS.
Good luck.
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2021-07-24 13:14 | Report Abuse
Issuing shares is easy way for directors to increase company fund instead of bringing in money from business profits.
In many cases, the company funds will be depleted by continuous quarterly losses, asset acquisition at high price, settlement of debts, or even losses in investment in other penny stocks, etc.
In investment losses, it is not surprising to see them buying penny stocks at near peak prices. And look suspicious!!! Try figure it out...
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2021-07-24 12:59 | Report Abuse
Joe Holding Berhad spent RM24,972,000.00 for the 21.58% stake. PASUKGB collected around RM99 million from this exercise.
Who are the big boys contributing most of the remaining RM74.5 million and trying to release their shares & warrants to the market?
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2021-07-24 12:46 | Report Abuse
_________________________________________No. of Rights Shares____% of total issue
Total valid acceptances__________________________186,547,381________18.80
Total valid excess applications____________________805,442,371_________81.16
Based on the high % of excess applications, there might be more substantial shareholders (5% and above) who have yet to declare their shareholding to Bursa regulators.
At this moment we only know JOE Holding Berhad accumulated 21.58% and MSW holding 4.63%. Could the underwriter be the major shareholder too?
Wait for more announcements on Changes in Shareholding in coming days.
Better to stay at sideline and watch how the big boys fight each other to free up their money from here.
TAYOR.
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Stock: [SINARAN]: SINARAN ADVANCE GROUP BERHAD
2021-07-29 10:40 |
Post removed.Why?