VSOLAR GROUP BERHAD (THE "COMPANY" or "VSOLAR") - EMPLOYEES SHARE OPTION SCHEME ("ESOS")
Pursuant to Rule 9.19(51) of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements, the Company wishes to announce that Vsolar has on 16 November 2021 offered a total of 170,000,000 share options at the option price of RM0.0125 to eligible employees of Vsolar in accordance with the By-Laws of the ESOS. The details of the offer of share options are as follows:
(a) Date of Offer : 16 November 2021 (b) Number of shares offered : 170,000,000 (c) Exercise price of shares offered : RM0.0125 (d) Closing price of Vsolar’s Shares on the date of the Offer : RM0.015 (e) Number of Shares offered to the Company’s Directors under the ESOS : (i) Encik Khairul Azwan bin Harun - (ii) Mr. Koo Kien Yoon - (iii) Encik Abdul Menon bin Arsad @ Abdul Manan bin Arshad - (iv) Mr. Ng Chee Kin - (v) Mr. Chuah Hoon Hong - (f) Vesting period of the Shares offered : The Options are vested on the Offer Date.
Pasukhas Group Bhd and Vsolar Group Bhd have inked a collaborative agreement to provide engineering, procurement, construction, and commissioning (EPCC) services to the solar farm industry. In a joint statement, the two companies said their partnership is to cater to the swathe of solar projects they expect will come onstream over the next 24 months. […] Quick take: Pasukhas jumps 51% on partnership with Vsolar ... https://www.thestar.com.my/business/business-news/...
13/07/2021 · KUALA LUMPUR: Shares in Pasukhas Group Bhd jumped over 51% in early trade Tuesday following its partnership with Vsolar Group Bhd.. The counter, …
Newbies and newcomers trade wisely Avoid being trapped in high price Avoid being caught in corporate exercise that requires you to pour in more money for fund raising Avoid being caught in consolidation of your shareholding
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Total issued shares = 4,566,933,699 will increase further WB = 821,461,526
you can see the price .01/.015 this price is controlled at this level. If 0.02 is done. it will sure be only 100shares. same old tactic they use in all penny stock
Directors have power to propose shares consolidation to trim the fats off the total issued shares and then follow by rights issue exercise that requires shareholders to fork out money to donate to their fund raising exercise.
Consolidate with excuse to trim down large NOSH.. Once smaller they introduce PP with excuse to fund a project... now u have a reason for another round of consolidation...
jkptr you are spot on!. that is what all penny stocks has been doing. once syndicate finish dumping, consolidation is next. guess they should have finish dumping by now
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Posted by whistlebower99 > 2021-11-17 10:01 | Report Abuse
FOR NEWBIES
AGAIN FUND RAISING VIA SHARE ISSUANCE TO ESOS
VSOLAR GROUP BERHAD (THE "COMPANY" or "VSOLAR") - EMPLOYEES SHARE OPTION SCHEME ("ESOS")
Pursuant to Rule 9.19(51) of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements, the Company wishes to announce that Vsolar has on 16 November 2021 offered a total of 170,000,000 share options at the option price of RM0.0125 to eligible employees of Vsolar in accordance with the By-Laws of the ESOS. The details of the offer of share options are as follows:
(a) Date of Offer : 16 November 2021
(b) Number of shares offered : 170,000,000
(c) Exercise price of shares offered : RM0.0125
(d) Closing price of Vsolar’s Shares on the date of the Offer : RM0.015
(e) Number of Shares offered to the Company’s Directors under the ESOS :
(i) Encik Khairul Azwan bin Harun -
(ii) Mr. Koo Kien Yoon -
(iii) Encik Abdul Menon bin Arsad @ Abdul Manan bin Arshad -
(iv) Mr. Ng Chee Kin -
(v) Mr. Chuah Hoon Hong -
(f) Vesting period of the Shares offered : The Options are vested on the Offer Date.
This announcement is dated 16 November 2021.
https://www.klsescreener.com/v2/announcements/view/3457355
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Total issued shares = 4,566,933,699 will increase further
WB = 821,461,526
============================
Will directors propose shares consolidation to trim the total issued shares in near future?
TRADE WISELY