Type Announcement Subject MULTIPLE PROPOSALS Description KEY ALLIANCE GROUP BERHAD ("KAG" OR THE "COMPANY")
I. PROPOSED PRIVATE PLACEMENT; AND
II. PROPOSED ACQUISITION
(COLLECTIVELY, THE "PROPOSALS") On behalf of the Board of Directors of KAG ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake the following:-
i. a private placement of up to 20% of the total number of issued shares of KAG ("KAG Share(s)" or "Share(s)") (excluding treasury shares) to third party investor(s) to be identified later ("Proposed Private Placement"). For avoidance of doubt, the Proposed Private Placement is not undertaken in accordance with a general mandate pursuant to Sections 75 and 76 of the Companies Act 2016 ("Act"). As such, the Proposed Private Placement is subject to specific shareholder approval pursuant to Rule 6.06 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Listing Requirements"); and
ii. an acquisition of 450,000 ordinary shares in Tree Med Sdn Bhd ("Tree Med") ("Sale Share(s)"), representing 30% equity interest in Tree Med, from Khairul Anuar Bin Danial and Raja Mazyah Binti Raja Aminuddin (collectively, the "Vendors") for a purchase consideration of RM14,000,000 ("Purchase Consideration") to be satisfied via a combination of RM4,000,000 in cash ("Cash Consideration") and RM10,000,000 via the issuance of 200,000,000 new KAG Shares at an issue price of RM0.05 per KAG Share ("Consideration Share(s)") ("Proposed Acquisition");
(The Proposed Private Placement and Proposed Acquisition are collectively referred to as the "Proposals").
Further details of the Proposals are set out in the attachment enclosed.
In my opinion. for long term good news as Tree Med reported as a good investment for the company. For short term, bad news is because they set the indicative issue price of the Placement Shares at RM0.046 per Placement. True, this one is just assumed price only.
KEY ALLIANCE GROUP BERHAD ("KAG" OR THE "COMPANY")
I. PROPOSED PRIVATE PLACEMENT; AND
II. PROPOSED ACQUISITION
(COLLECTIVELY, THE "PROPOSALS") Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcement in relation to the Proposals.
We refer to the earlier announcement dated 11 March 2021 in relation to the Proposals.
On behalf of the Board, UOBKH wishes to announce that the application pursuant to the Proposals has been submitted to Bursa Malaysia Securities Berhad on 17 March 2021.
HOPELESS management uses the money to goreng their own shareholdings in other listed penny stocks. For the past 4 months, XOX finished all their cash, channel out the XOX cash to themselves. They do it by buying rotten, big loss making and dying stocks that owned by them at low price, use XOX cash to goreng until godlike prices. Then they sold it to XOX.
XOX has ended up at villain in the following stocks 1. Spent RM2.6M to buy M3Tech @ 0.036 average price, now price is 0.05 2. Spent a whoping RM22M to buy MACPIE @ 0.47, now price is 0.18 3. Spent RM39M to buy NEXION technology @ 0.33, now price is 0.33 4. Spent RM30M to buy DGB @ 0.12, now price is 0.08 5. Spent RM44.6M to buy CHeetah@ 1.32, when market price is only 0.40 Total cash spent on buying rubbish stocks RM138.2M BURNT, and channel into their cronies and their own stockholding in other entities.
Take note and keep reminding each other on their tactics Remember these 3 persons. 1. Eddie Chai Woon Chet 2. Roy Ho Yew Kee 3. Ng Kok Heng Google and can see their face, you can handle them in real life.
Becareful, dont buy into trap. They just issue ESOS 0.07 to employees about 210M units of shares, these employees are now waiting to dump at 0.08 to 0.10 to retailers.
Xox employees prepare to dump their free shares @0.07 to us retail investors at 0.08 to 0.10.
The new John Soh of Malaysia Kenneth Vun’s stock rigging scheme the last nail on his own coffin? How SC / PDRM / MACC / Singapore MAS probed, remanded, charged and confiscated Kenneth Vun Yun Lun + Mak Siew Wei RM2 billion stock rigging Syndication?
Eddie Chai, Kenneth Vun, Mak Siew Wei top 3 leaders. Maybe 10 years behind bar.
Others 5 more top nominees maybe 10 years. 50 smaller nominees easiest to crack. Haul in 1 hour tell all. Maybe turn witness 3 years. 200 churning nominees don't need crack. Who send money who open account, talk to who, all given, reprimand RM1mil each.
Victim investors affected easily 10,000 during 2019-2021. Pump toilet paper stocks maybe 30 stocks. Printed toilet paper pump up maybe RM10 billion dump RM2 billion. Cash RM1 billion pump 3rd round 10 stocks ESOS, Right Issue, illegal take out buying 20 stocks back to criminal pocket.
There could be a last PUMP before last DUMP. Watchout. 29/03/2021 10:32 AM 29/03/2021 12:43 PM
On behalf of the Board, UOBKH wishes to announce that the Board had on 7 April 2021 resolved to fix the issue price for the Proposed Private Placement at RM0.037 per Placement Share.
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....
MZM2511
4,548 posts
Posted by MZM2511 > 2021-03-05 21:33 | Report Abuse
Looks like they are going to set the subscription price of the PP lower than 5 sen. Bilis will die. Lol