I must admit Metronic cash pile is RM 56.48M, higher than its market cap of RM 49.83.as revealed by EDge Weekly today. Very impressive and based on its low share price, it makes a delicious target of takeover. But wait.. Its warrant price is only 1s with a low conversion price of 8s. Outstanding warrants is only 410M so if any hostile party were to take over this company, the WARRANTS is the target.
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) METRONIC GLOBAL BERHAD
Particulars of substantial Securities Holder Name CITA REALITI SDN BHD Address Lot A-2-3A, 2nd Floor, Melawati Corporate Centre, Taman Melawati, Kuala Lumpur 53300 Wilayah Persekutuan Malaysia. Company No. 1272152-A Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 15 Jun 2020 28,005,000 Acquired Direct Interest Name of registered holder CITA REALITI SDN. BHD. Address of registered holder LOT A-2-3A, 2ND FLOOR, MELAWATI CORPORATE CENTRE, TAMAN MELAWATI, 53300 KUALA LUMPUR, WILAYAH PERSEKUTUAN. Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Acquisition of shares via off market Nature of interest Direct Interest Direct (units) 166,090,785 Direct (%) 13.332 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 166,090,785 Date of notice 16 Jun 2020 Date notice received by Listed Issuer 16 Jun 2020
2 court hearings. One on 9 July and another on 16 August. Just like world cup final, only one side will win...which side are you supporting? Before court hearing, better fight in the open market first...lol
If everyone buy and hold the price will eventually keeps rising, as the free floats are getting lesser and lesser. 0.16 is not a dream but a reality.
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Kirim
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Posted by Kirim > 2020-06-09 21:13 | Report Abuse
Agree,....