Bursa Malaysia (KLSE) Stock Investment Portal

AZRB plans to start works on RM1.5b KLORR
Author: value_investor | Publish date: Mon, 7 Apr 10:19 | >> Read article in Blog website
Ahmad Zaki Resources Bhd (AZRB) plans to start works on the RM1.5bn Kuala Lumpur Outer Ring Road (KLORR) in the second half of this year as it continues to look at opportunities to improve its recurring income streams and construction orderbook size. Despite environmental concerns raised by several parties on the impact the project will have on the Selangor State Park, AZRB's group COO Datuk Roslan Jaffar told the company had obtained a detailed Environmental Impact Assessment (EIA) which stipulates a stringent guideline that AZRB will adhere to pertaining to the project. (Malaysian Reserve)

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Stock: [AZRB]: AHMAD ZAKI RESOURCES BHD

2014-04-10 13:55 | Report Abuse

Wow naik2

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Stock: [AZRB]: AHMAD ZAKI RESOURCES BHD

2014-03-27 12:03 | Report Abuse

So mean boleh beli warrant dengan harga diskaun..am i right

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Stock: [AZRB]: AHMAD ZAKI RESOURCES BHD

2014-03-27 12:03 | Report Abuse

Understanding Rights Issues
By Ben McClure on February 26, 2009 A A A
Filed Under: Investment Banking
Cash-strapped companies can turn to rights issues to raise money when they really need it. In these rights offerings, companies grant shareholders a chance to buy new shares at a discount to the current trading price. Let's look at how rights issue work, and what they mean for all shareholders.

Defining a Rights Issue and Why It's Used

A rights issue is an invitation to existing shareholders to purchase additional new shares in the company. More specifically, this type of issue gives existing shareholders securities called "rights", which, well, give the shareholders the right to purchase new shares at a discount to the market price on a stated future date. The company is giving shareholders a chance to increase their exposure to the stock at a discount price.

But until the date at which the new shares can be purchased, shareholders may trade the rights on the market the same way they would trade ordinary shares. The rights issued to a shareholder have a value, thus compensating current shareholders for the future dilution of their existing shares' value.

Troubled companies typically use rights issues to pay down debt, especially when they are unable to borrow more money. But not all companies that pursue rights offerings are shaky. Some with clean balance sheets use them to fund acquisitions and growth strategies. For reassurance that it will raise the finances, a company will usually, but not always, have its rights issue underwritten by an investment bank.

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Stock: [AZRB]: AHMAD ZAKI RESOURCES BHD

2014-03-27 09:45 | Report Abuse

can anybody explain this news...intsteye

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Stock: [AZRB]: AHMAD ZAKI RESOURCES BHD

2014-03-27 09:44 | Report Abuse

RENOUNCEABLE RIGHTS ISSUE OF 206,598,066 NEW ORDINARY SHARES OF RM0.50 EACH (WHICH WILL BE REDUCED TO RM0.25 EACH AFTER THE PROPOSED PAR VALUE REDUCTION) IN AHMAD ZAKI RESOURCES BERHAD (“AZRB SHARES”) (“RIGHTS SHARES”) TOGETHER WITH 103,299,033 FREE DETACHABLE WARRANTS (“WARRANTS”) AT AN ISSUE PRICE OF RM0.50 PER RIGHTS SHARE ON THE BASIS OF SIX (6) RIGHTS SHARES TOGETHER WITH THREE (3) FREE WARRANTS FOR EVERY EIGHT (8) EXISTING AZRB SHARES HELD AT 5.00 P.M. ON 31 MARCH 2014.

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted [ "Ex - Rights Issue" ]
as from : [ 27 March 2014 ]

2) The last date of lodgement : [ 31 March 2014 ]

3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-

a) Selling Broker to deduct [ 3/7 ] , of the Selling Price against the Selling Client.

b) Buying Broker to deduct [ 10% ] of the Purchase Price against the Buying Client.

c) Between Broker and Broker, the deduction of [ 3/7 ] of the Transacted Price is applicable.