IPO REACH-WA LIMIT UP TODAY 30.5 SEN ,,,,as comparison even less popular SONA-WA SOARED ( jump ) 247 % during dull market lasy year !
NOW SUPER RALLY ON WARRANT & PENNY STOCK...$$$$$
MOTHER REACH >> RM 1.00 ++
read the following >> for the record
Sona's warrants soar 247% on debut
Posted on 31 July 2013 - 05:36am Ee Ann Nee sunbiz@thesundaily.com
KUALA LUMPUR (July 31, 2013): Sona Petroleum Bhd, the third special purpose acquisition company (SPAC) to list on Bursa Malaysia, saw its warrants soar 246.67% to 26 sen at the close of its first trading day yesterday, as investors saw high value in snapping up warrants in the company
you guys should start accumulating now, is just a zone to collect more, but don't listen too much to DR WARRANT, he is DR KIM in investlah- famous for trapping people on IPO
Sebelum disenarai ghairah nak beli..ada yg kecewa tak dapat IPO...ini semua org2 yg menilai counter...nah lihat harga sekarang.....Sebenarnya counter ni boleh jalan but not now..
Cornerstone investors of Reach : Lembaga Tabung Haji Koperasi Permodalan Felda Malaysia Bhd Pelaburan Mara Bhd MTD Capital Bhd Paul Poh (Quek's associate) Chua Sai Men (son of Chua Ma Yu)
Cornerstone collectively own 20% of Reach.
Funds holding Reach : Norges (Norway’s sovereign fund) Areca Asset Management Kenanga Investment Allianz Investment
https://uk.finance.yahoo.com/news/malaysias...-013836862.html Malaysia's Securities Commission said in December that SPAC funds from an IPO must not be used to pay remuneration for the management team until an asset acquisition is completed. The company's management also cannot sell their shares in the SPAC until assets are generating income. The firm's management, whose experience and track record must fall in line with the SPAC's objectives, must hold at least a 10 percent stake to ensure a "meaningful financial participation". Reach Energy is led by Managing Director and Chief Executive Officer Shahul Hamid, who has had senior roles at Esso, Shell and Petroleum Development Oman (PDO). Other top officials include former staff from Petronas, Schlumberger and Sime Darby. According to Reach Energy's IPO prospectus, Malaysia's pilgrimage fund Lembaga Tabung Haji, CIMB-Principal Asset Management Bhd, and Hong Leong Asset Management are among the cornerstone investors in the sharia-compliant company. "This is seen as the safest SPAC to date, because it is the first one to genuinely attract institutional attention here," said a banker who was involved in the Reach Energy IPO.
Why so worry.they already recognized company they want to acquire.the acquisition negotiation will commencing as soon as possible.just put your faith in this company.it will be better than sona and much better than cliq.
Institutions & funds investors of Reach: Lembaga Tabung Haji Koperasi Permodalan Felda Malaysia Bhd Pelaburan Mara Bhd Norges (world’s largest sovereign wealth fund) CIMB Principal Asset Management Hong Leong Asset Management MTD Capital Kenanga Investors Areca Asset Management Allianz Investment Chua Sai Men (Chua Ma Yu's son) Poh Yang Hong (Tan Sri Quek's associate)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
cakarayam
302 posts
Posted by cakarayam > 2014-08-15 02:32 | Report Abuse
mother sure open 80 cent lor