Almost 2.4B shares issued after the 30% PP concluded. Will you subscribe if you are a big investor? Existing major shareholders probably can't wait to dispose their stake.
MMAG is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 18 May 2023
=================== Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses from share consolidation
On behalf of the Board, Malacca Securities wishes to announce that Bursa Securities had vide its letter dated 6 June 2023, has approved the listing and quotation of up to 546,412,000 Placement Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:
Another massive fund raising exercise via share issuance to PP
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....
BuildBackBossku
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Posted by BuildBackBossku > 1 month ago | Report Abuse
Haha. Just an assumption. Pretty sure there will be some 'investment' action after Jack Ma returned to China last month