1) MTRONIC's 433,187,525 Warrants B issued pursuant to the Rights Issue with Warrants will be admitted to the Official List of Bursa Malaysia Securities Berhad and the listing of and quotation for the Warrants B on the Main Market will be granted with effect from 9.00 a.m., Wednesday, 13 July 2022; and
2) MTRONIC's additional 1,299,562,731 new ordinary shares issued pursuant to the Rights Issue with Warrants will be granted listing and quotation with effect from 9.00 a.m., Wednesday, 13 July 2022.
============== Before share consolidation and rights issue, NOSH = 2,168,594,679 shares After share consolidation and rights issue, NOSH = 1,518,005,433 shares WB = 433,187,525
It has managed to get all the fund needed to execute its solar businesses, and Earth Tech has years of experience, so I am happy to wait few years for my rewards!
Metronic Global Berhad (“Mtronic”, stock code 0043) announced on 13th January 2022 that Sinaran PPA Sdn Bhd (“Sinaran PPA”), a new jointventure company between Metronic Global Berhad and Earthtech Sdn Bhd, had entered into 2 power purchase agreements on both located in Kedah with total contract values of RM50 million with capacity of 4,121 kWp for a term of 25 years.
================= Pursuant to Mtronic’s latest Rights Issue at an issue price of RM0.06 with free warrants ("Mtronic-WB") on the basis of 6 rights shares together with 2 Mtronic-WB for every 1 existing Mtronic share held by shareholders on 10th June 2022 (“Rights Issue”), Mtronic announced on 5th July 2022 that the Rights Issue was 99.88% subscribed and managed to successfully raise RM77.97 million.
================= Upon the completion of the Rights Issue, Mtronic has raised the required funds for Sinaran PPA to kick start the solar business. These proceeds will be used to finance the acquisition of the material, machinery and commissioning of the factory buildings as well as preparing Sinaran PPA to undertake a further 29,260 kWp of potential contracts.
================== Utilisation of company fund Expect directors to raise more fund via share issuance if more fund needed
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Yesterday many were drown by overflowing waterfall Be cautious trading high NOSH loss making penny stock even though after share consolidation and rights issue Expect directors to make more announcements on MOU, HOA, asset acquisition, etc to attract newcomers to the stock Monitor quarterly results for any improvements or expect similar fate like pasukgb, sanichi, lambo, etc
3. Name CITA REALITI SDN BHD Direct (units) 287,801,666 Direct (%) 18.979
4. Name BUMI RESOURCES HUB (M) SDN BHD Direct (units) 84,333,333 Direct (%) 5.561
============ Be aware of loss making penny stocks investing in another loss making penny stock Be aware of other big funds investing in loss making penny stock, supporting its fund raising exercise Cash is king, unity is strength
Total shareholding = 44%
====== Trade cautiously, set realistic target, don't be trapped at high price for years.
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....
Icon 888
2,215 posts
Posted by Icon 888 > 2022-07-12 09:19 | Report Abuse
0.06 right issue .. who gonna buy now.. throw money to sea