Types of corporate proposal Private Placement Details of corporate proposal SERSOL BERHAD ("SERSOL") PRIVATE PLACEMENT II No. of shares issued under this corporate proposal 10,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.3250 Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000 Latest issued share capital after the above corporate proposal in the following Units 255,879,600 Issued Share Capital ($$) Malaysian Ringgit (MYR) 24,557,845.000 Listing Date 05 Jan 2022
===================== More fund raising by new directors ?
Notice of Person Ceasing (Section 139 of CA 2016) SERSOL BERHAD
Particulars of Substantial Securities Holder Name CREDIT SUISSE GROUP AG
Name of registered holder HSBC Nominees (Asing) Sdn Bhd Exempt An For Credit Suisse AG (DUB CLT N-TREAT)
Date of cessation 27 Dec 2021 No of securities disposed 2,178,300
Disposal of 2,178,300 shares on 23 December 2021. Credit Suisse Group AG has deemed interests, given Credit Suisse AG has the right to rehypothecate the shares belonging to its clients' holdings.
Date of notice 27 Dec 2021
======================= Take note of Credit Suisse undisclosed nominee account
There is a unconfirmed leak on FB that both of these companies will join in the signing ceremony with a tech company on 13th Jan 2021 at Sheraton Hotel.
Late Friday, SMTrack announced the appointment of Datuk Lim Hwa Tat as executive director, following his emergence as a substantial shareholder with a 5.14% stake.
Lim, who is also managing director of Sersol Bhd, acquired 29 million shares in SMTrack in the open market on Friday.
I believe many people doesn't subscribe to The Edge, so I have typed its original article down here regarding possible cooperation between SMTrack and Sersol. The article is as below:
"There have been interesting developments at SMTrack Bhd, whose shares were trading just below 10 sen a month ago before rising to a two-year high of 30 sen last Friday.
First, the radio-frequency identification solutions company completed a private placement exercise on Dec 24, raising RM6.84 million, based on a placement price of 7.47 sen per share.
Then on Dec 29, Tan Sri Lee Kim Yew, the founder and executive chairman of Country Heights Holdings Bhd, emerged as a substantial shareholder of SMTrack after the acquisition of 28.5 million shares or a 5.05% stake via an open market transaction.
Last Thursday, SMTrack disclosed that it is in the early stages of negotiations with a government-linked company in relation to the latter's interest in the company.
A day later, Datuk Justin Lim Hwa Tat and Datuk Seri Tan Choon Hwa also surfaced as the company's new substantial shareholders, holding 5.14% and 5.4%, respectively.
It appears that something big could happen as a signing ceremony - between SMTrack, Country Heights, Jiankun International Bhd, Sersol Bhd, AHB Holdings Bhd, Techna-X Bhd, MQ Technology Bhd and 5G Infratech Malaysia Sdn Bhd - is scheduled to be held on Jan 13.
Note that Lee's son in law Jared Lim is executive director of Techna-X, while Hwa Tat is managing director of Sersol. Tan sits on the Jiankun board as executive director.
All these stocks have gained traction in recent days. While investors will be waiting to see what the collaboration is about, they will still need to be mindful as the excitement does not necessarily translate into returns."
Reference is made to an article titled “What’s brewing at SMTrack and a few other companies” which appeared in The Edge on 10 January 2022.
The Board of Directors of the Company (“Board”) wishes to clarify that the Company is in early stage of discussion with the companies concerned mentioned in the article of which no agreement has been reached and the date of the signing of agreement has not been confirmed at this juncture.
In the event any decision or agreement is made in relation thereto, the Board will make the necessary announcement in compliance with the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad accordingly.
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....
StockAz
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Posted by StockAz > 2021-12-31 11:28 | Report Abuse
More profit