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2021-07-14 11:50 | Report Abuse
@hh223, I think the operators is still able to maintain the price around 20sen to make a profit of 10sen (100%) plus free warrants which might trade around 10sen (7 free warrants for 12 rights share).
They can still make lots of money from this exercise if they are able to convince more retailers, traders and newbies to come in, by churning out more news and announcements on MOUs, Collaboration Agreements, Asset Acquisitions, etc
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2021-07-14 11:40 | Report Abuse
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Stocks that have undertaken Share Consolidation exercise and/or rights issue with free warrants:
- VC, SANICHI, MTOUCHE, PASUKGB, LAMBO, PDZ
- TRIVE, DGB, MLAB, VINVEST (VIVOCOM), NETX, EDUSPEC, PUC
- SCOMI, ICON, IMPIANA, MTRONIC, VIZIONE, TIGER, KGROUP
- MMAG, HUBLINE,
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2021-07-14 10:51 | Report Abuse
Looking at the rights subscriptions, they have already cornered the stock. It would not plunge to south.
It is now up to them to see how much they want to make from unsuspecting traders and newbies who still want to punt on the stock.
Their cost on rights issue is only 10 sen per share plus they get free warrants. Means their net cost is less than 10sen.
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2021-07-14 10:22 | Report Abuse
Looks like another day of right acct to left acct transactions to create excitement and to draw attention of more newbies to the stock.
If price dropped to 20sen, major subscribers of rights issue, still stand to make 100% profit from the rights share plus free warrants which could worth 10sen per warrant on listing day (21/7/21).
TAYOR
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2021-07-13 22:11 | Report Abuse
@ken2004,
Not likely to see them lose in the game. Unless retailers and traders can avoid trading in this stock. Then these con artists will not be able to profit by manipulation as well as pump and dump scheme.
If retailers and traders can do that, then these con artists will wake up and start doing proper and real businesses to generate profits for company and shareholders for better ROI.
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2021-07-13 14:50 | Report Abuse
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https://www.nst.com.my/news/nation/2017/05/242003/macc-tells-public-use-mobile-apps-portal-report-corruption
MACCMobile
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2021-07-13 14:40 | Report Abuse
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Stocks that have undertaken Share Consolidation exercise and/or rights issue with free warrants:
- VC, SANICHI, MTOUCHE, PASUKGB, LAMBO, PDZ
- TRIVE, DGB, MLAB, VINVEST (VIVOCOM), NETX, EDUSPEC, PUC
- SCOMI, ICON, IMPIANA, MTRONIC, VIZIONE, TIGER, KGROUP
- MMAG, HUBLINE,
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2021-07-13 14:37 | Report Abuse
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https://www.nst.com.my/news/nation/2017/05/242003/macc-tells-public-use-mobile-apps-portal-report-corruption
MACCMobile
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2021-07-13 12:19 | Report Abuse
Particulars of substantial Securities Holder
Name CREDIT SUISSE AG
Name of registered holder HSBC NOMINEES (ASING) SDN. BHD. EXEMPT AN FOR CREDIT SUISSE AG (DUB CLT N-TREAT)
Address of registered holder No. 2, Leboh Ampang 50100 Kuala Lumpur
Direct (units) 55,037,700
Direct (%) 5.94
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Total no of securities after change 55,037,700
Date of notice 07 Jul 2021
Date notice received by Listed Issuer 07 Jul 2021
======================================================
CREDIT SUISSE AG
HSBC NOMINEES (ASING) SDN. BHD. EXEMPT AN FOR CREDIT SUISSE AG (DUB CLT N-TREAT)
The names sound glamorous. Who is actually the real owner ? Another Kenneth, or Vun or Sanston ?
https://klse.i3investor.com/blogs/kennethvuncarolvun/2021-04-05-story-h1563182432-Kenneth_Vun_s_Money_Game_of_Bursa_Malaysia_Probed_Shield_SANSTON_FINANC.jsp
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2021-07-12 11:45 | Report Abuse
Stocks that have undertaken Share Consolidation exercise and/or rights issue with free warrants:
- VC, SANICHI, MTOUCHE, PASUKGB, LAMBO, PDZ
- TRIVE, DGB, MLAB, VINVEST (VIVOCOM), NETX, EDUSPEC, PUC
- SCOMI, ICON, IMPIANA, MTRONIC, VIZIONE, TIGER, KGROUP
- MMAG, HUBLINE,
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2021-07-12 09:14 | Report Abuse
Stocks that have undertaken Share Consolidation exercise and/or rights issue with free warrants:
- VC, SANICHI, MTOUCHE, PASUKGB, LAMBO, PDZ
- TRIVE, DGB, MLAB, VIVOCOM, NETX, EDUSPEC, PUC
- SCOMI, ICON, IMPIANA, MTRONIC, VIZIONE, TIGER, KGROUP
- MMAG, HUBLINE,
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2021-07-12 09:13 | Report Abuse
Stocks that have undertaken Share Consolidation exercise and/or rights issue with free warrants:
- VC, SANICHI, MTOUCHE, PASUKGB, LAMBO, PDZ
- TRIVE, DGB, MLAB, VIVOCOM, NETX, EDUSPEC, PUC
- SCOMI, ICON, IMPIANA, MTRONIC, VIZIONE, TIGER, KGROUP
- MMAG, HUBLINE,
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2021-07-12 09:12 | Report Abuse
Share Consolidation
LAMBO GROUP BERHAD
Entitlement subject Share Consolidation
Entitlement description
CONSOLIDATION OF EVERY 25 EXISTING ORDINARY SHARES IN LAMBO GROUP BERHAD ("LAMBO" OR THE "COMPANY") ("LAMBO SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 26 JULY 2021 INTO 1 LAMBO SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
Ex-Date 23 Jul 2021
Entitlement date 26 Jul 2021
Entitlement time 5:00 PM
Financial Year End 31 May 2022
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 26 Jul 2021
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units)
(If applicable)
Entitlement indicator Ratio
Par Value (if applicable)
Entitlement Details
Company Name Ratio
(New : Existing) Available/Listing Date Fractional Entitlement
LAMBO GROUP BERHAD 1.0000 : 25.0000 27 Jul 2021 Round Down / Fraction Disregard
Registrar or Service Provider name, address, telephone no SHAREWORKS SDN BHD
No. 2-1, Jalan Sri Hartamas 8
Sri Hartamas
50480 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Tel:0362011120
Fax:0362013121
Remarks :
The Share Consolidation involves the consolidation of every 25 existing Lambo Shares into 1 Consolidated Share as at 5.00 p.m. on 26 July 2021, being the entitlement date for the Share Consolidation. The actual number of Consolidated Shares to be issued would depend on the issued share capital of the Company on the entitlement date for the Share Consolidation. Fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and/or dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company. The Consolidated Shares will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 27 July 2021, being the next market day following the entitlement date for the Share Consolidation. The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders within 4 market days after the date of listing and quotation of the Consolidated Shares on the ACE Market of Bursa Securities. The Share Consolidation will result in a reduction in the number of Shares available in the market and the trading price of the Shares will be adjusted accordingly in proportion to the basis of the Share Consolidation. The shareholders of the Company are strongly advised to trade cautiously to prevent overselling of their position in respect of the Shares held. This announcement is dated 9 July 2021.
Announcement Info
Company Name LAMBO GROUP BERHAD
Stock Name LAMBO
Date Announced 09 Jul 2021
Category Entitlement(Notice of Book Closure)
Reference Number ENT-09072021-00002
Corporate Action ID MY210709SPLR0001
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Stock: [LAMBO]: LAMBO GROUP BERHAD
2021-07-14 12:22 | Report Abuse
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Stocks that have undertaken Share Consolidation exercise and/or rights issue with free warrants:
- VC, SANICHI, MTOUCHE, PASUKGB, LAMBO, PDZ
- TRIVE, DGB, MLAB, VINVEST (VIVOCOM), NETX, EDUSPEC, PUC
- SCOMI, ICON, IMPIANA, MTRONIC, VIZIONE, TIGER, KGROUP
- MMAG, HUBLINE,
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