Statements like these make me wonder KYY, or whoever is writing on behalf of KYY even realise what they are saying.
Bursa's regulations state that a listed company should have a free float of 25% of its listed shares.
The controlling owner/major shareholder owns 63.25% of the listed shares.
The author of this blog is correct, to equity account AYS's earnings into their balance sheet, a company has to buy at least 20% of the listed shares.
63.25% + 20% = 83.25%.
Which means AYS will be in breach of Bursa's regulations and will have to untangle the mess. One of the two parties will have to sell down their stake to match the free float requirements.
Would it be someone who's just bought 20% of the listed shares? I don't think so.
Will it be the major shareholder? If AYS's prospects are rosy, do you honestly think that he'll be okay with selling down?
Or a final choice is to do another private placement. We don't know yet again if that's something the owner is keen on.
Seriously, whoever's writing for KYY, please at least learn to read up the facts on listing rules and regulations before spouting out nonesense.
Come to think of it, no matter what, uncle is the winner la. If he cannot win big with 1 article, he just win small many more article loh. Enuf to cover his margin interest loh. The bilis will always be the loser.
Dec 14, 2021 10:07 AM | Report Abuse Based on Charles T's comment, he must have bought my shares when I started selling at 91 sen about 5 weeks ago. In the last few days, I have been queuing to buy at cheaper prices. You should sell your shares to me to learn a good lesson about charting. HIGHCHAPERAL and you should attend FA and TA lessons given my MR Ooi Teck Bee. AYS has been going up in the last few days when I started buying. This is the best buying opportunity when its trend is changing from down trend to uptrend. Koon Yew Yin
Sslee, you seem to like to use other i3 user ID (Posted by yewyin33 > Dec 14, 2021 10:07 AM ) comments as a basic for you own comment. Hahahaha
yewyin33 created by you ??
>>>>>>>>>>>> Posted by Sslee > Feb 3, 2022 7:48 PM | Report Abuse
Uncle already made many rounds.
Dec 14, 2021 10:07 AM | Report Abuse Based on Charles T's comment, he must have bought my shares when I started selling at 91 sen about 5 weeks ago. In the last few days, I have been queuing to buy at cheaper prices. You should sell your shares to me to learn a good lesson about charting. HIGHCHAPERAL and you should attend FA and TA lessons given my MR Ooi Teck Bee. AYS has been going up in the last few days when I started buying. This is the best buying opportunity when its trend is changing from down trend to uptrend. Koon Yew Yin
In i3, you will eventually develop spit personality! Yeah, having multiply IDs is part of that self actualization! Admit it! So you guys can get help! Not me! I am immure since i already taken my booster!
Just can't understand why people needs multiple ID... hahaha Maybe lack of confidence need others to support yet can't find... hence create another youuuuu...
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SureWin1Woh
840 posts
Posted by SureWin1Woh > 2022-02-03 10:02 | Report Abuse
Salute uncle for the new promotion theme