Hopefully with the transfer to main soon and more player will be enter ,6%final dividen to be ex around early July after Agm on June ,and with their current balance sheet anticipate there should be a bonus issue soon as it has not distribute any bonus for the past three years ,we hope it can reach target price of rm 1.00 soon .happy trading God bless us nothing wrong within external factor
Usually any bonus issues will be issued b4 transfer to main board.. current price @ 46cts bonus issues will suppress the price so i dont think so better grab some uts now, up 5 cts sell... and go in that pattern "in and out and up and down" ha ha.
Patience shareholder sure have a very good return near future as to main board confirm on the way ,dividen to ex soon(end June/early July),perhaps anticipate a bonus issue to be distribute as long time not given already ,happy trading God bless us with no external bad unforeseen happen
Ring read carefully propose increase authorized capital is a good sign with good potential of A bonus issue ,don't ever thought a right issue coming a bit misleading ,good sign for investment happy trading
OTHERS (I) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (II)PROPOSED AMENDMENT TO MEMORANDUM OF ASSOCIATION OF THE COMPANY (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
KARYON INDUSTRIES BERHAD
Type Announcement Subject OTHERS Description (I) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (II)PROPOSED AMENDMENT TO MEMORANDUM OF ASSOCIATION OF THE COMPANY
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
The Board of Directors of Karyon Industries Berhad ("the Company") wishes to announce that the Company intends to seek the approval of its shareholders at the forthcoming 11th Annual General Meeting to be convened at a date which will be notified later, for the following Proposals :
(i) Proposed increase the authorised share capital of the Company from RM50,000,000 comprising 500,000,000 ordinary shares of RM0.10 each to RM100,000,000 comprising 1,000,000,000 ordinary shares of RM0.10 each by the creation of additional 500,000,000 ordinary shares of RM0.10 each ("Proposed Increase in Authorised Share Capital"); and
(ii) Proposed amendment to the Memorandum of Association of the Company ("Proposed Amendment").
The details of the Proposals will be incorporated in the Company's Annual Report which will be circulated to shareholders in due course.
I probably went wrong, i have pasted the article for investors read n not get confused..well 6% dividen is good for a penny stock but too sure how the additional shares works!
Date of Transfer 06/05/2014 Total Issued and Paid Up Share Capital in the following
Units 380,441,606 Currency MYR 38,044,161.000 Par Value ($$) MYR 0.100 Sector INDUSTRIAL PRODUCTS
Remarks : This announcement is dated 2 May 2014. The Stock Short Name, Stock Code and ISIN Code remain unchanged
Announcement Info Company Name KARYON INDUSTRIES BERHAD (ACE Market) Stock Name KARYON Date Announced 2 May 2014 Category Transfer of Listing Reference No MM-140429-51903
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....
thor88
392 posts
Posted by thor88 > 2014-04-07 15:29 | Report Abuse
ape jadi..turun banyak