private placement of 543,047,900 new GNB shares at a price of not lesser than RM0.200 to be fair to the existing shareholders of GNB.
Based on an expected issuance price of RM0.220 per share, the group expects to raise a total RM108.61 million, in which RM25.0 million shall be utilized for purchase of building materials, another RM25.0 million for repayment of contractors, and RM21.8 million for injection of fund into TCS SS Precast Construction Sdn Bhd as the group’s effort to venture into Industrialised Building System (IBS).
Kindly exercise care on this GNB... MITI placement was undersubcribed ie only +127Million shares applied by +380 investors vs 284,073,700 shares allocation up for grab. my two sen opinion
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....
winetime
527 posts
Posted by winetime > 2022-09-05 13:25 | Report Abuse
Seems the counter going to come back soon. Continue monitor first.