1. Proposed Share Consolidation entails the consolidation of every 30 existing Shares into 1 Consolidated Share.
2. Proposed Rights Issue with Warrants entails the issuance of up to 791,850,045 Rights Shares together with up to 395,925,022 Warrants C on a renounceable basis of 4 Rights Shares together with 2 Warrants C for every 1 Consolidated Share
The illustrative issue price of RM0.10 per Rights Share (“Indicative Issue Price”) represents a discount of approximately 25.0% to the TEAP of Vsolar Shares of RM0.1333, calculated based on the 5D-VWAMP of Vsolar Shares up to and including the LPD of RM0.3330 and after adjusting for the effects of the Proposed Share Consolidation as well as assuming an illustrative exercise price of RM0.10 per Warrant C.
================ Huge losses for those holding at much higher prices Need to take out more money to contribute to fund raising rights issue if want to follow through
============== Some stocks that had consolidated are pasukgb, pdz, lambo, trive, kanger, sanichi, pworth, etc
Those in the process are Ages, Mtronic, Digistar and Vsolar
The boss is koo kieng yong... big conman.. those who lose can ask sc to intervene n investigate ..if all counters at bursa do d same tactic...nobody will ever want to invest at bursa
Useless stock. First they increase stock base. Then let market devalue it. Later, consolidation. Back to old prices. Give take 10 years. By which time the board can retire with steady stream of income over the years.
for the investor maybe set a time go protest in front of vsolar company. make the top management of this company malu, make the sc & government involve in this kinda company
sudah cukup kita kena tipu. kita boleh rugi wang tapi kita tidak puas hati the top management sudah berapa tahun rugi wang, tapi masih pegang jawatan top management. setiap bulan dapat gaji tinggi, bonus besar, tiap tiap tahun hanya tahu hisap darah dari investor. hati betul betul geram. kita boleh rugi tapi kita tak sanggup orang top management menggunakan cara consolidate consolidate.
ramai yg sangkut, jangan diam diam saja, macam orang bodoh. kena dimain atau dialatkan oleh mereka, tapi masih boleh diamdiam saja.. kita mahu top management letak jawatan
setiap kali nak kumpul duit, consolidate. tak mampu nak cari keuntungan dari niaga, tutup kedai sajalah, kenapa pulak hisap darah pelabur kecil seperti kami. tak malu langsung.
consolidate 30:1 , bagi pemegang yg sedia ada kalau tak mempunyai wang tunai , semua kena bakar habis jadi 0. inilah cara company ini buat duit. siapa yg mati? dia untung secara hisap darah orang, bukan menjual product company.
MULTIPLE PROPOSALS VSOLAR GROUP BERHAD ("VSOLAR" OR THE "COMPANY") (I) PROPOSED DIVERSIFICATION; (II) PROPOSED SHARE CONSOLIDATION; AND (III) PROPOSED RIGHTS ISSUE WITH WARRANTS VSOLAR GROUP BERHAD
Type Announcement Subject MULTIPLE PROPOSALS Description VSOLAR GROUP BERHAD ("VSOLAR" OR THE "COMPANY")
(I) PROPOSED DIVERSIFICATION; (II) PROPOSED SHARE CONSOLIDATION; AND (III) PROPOSED RIGHTS ISSUE WITH WARRANTS Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the previous announcement in relation to the Proposals.
On behalf of the Board of Vsolar, M&A Securities wishes to announce that Bursa Securities has vide its letter dated 9 May 2022 resolved to approve the Company’s application for extension of time until 7 June 2022 to comply with Rule 13.16(1) of the Listing Requirements.
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....
whistlebower99
5,114 posts
Posted by whistlebower99 > 2022-04-11 12:00 | Report Abuse
1. Proposed Share Consolidation entails the consolidation of every 30 existing Shares into 1 Consolidated Share.
2. Proposed Rights Issue with Warrants entails the issuance of up to 791,850,045 Rights Shares together with up to 395,925,022 Warrants C on a renounceable basis of 4 Rights Shares together with 2 Warrants C for every 1 Consolidated Share
The illustrative issue price of RM0.10 per Rights Share (“Indicative Issue Price”)
represents a discount of approximately 25.0% to the TEAP of Vsolar Shares of
RM0.1333, calculated based on the 5D-VWAMP of Vsolar Shares up to and including the LPD of RM0.3330 and after adjusting for the effects of the Proposed Share Consolidation as well as assuming an illustrative exercise price of RM0.10 per Warrant C.
https://www.klsescreener.com/v2/announcements/view/3531607
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=125049&name=EA_GA_ATTACHMENTS
================
Huge losses for those holding at much higher prices
Need to take out more money to contribute to fund raising rights issue if want to follow through
==============
Some stocks that had consolidated are pasukgb, pdz, lambo, trive, kanger, sanichi, pworth, etc
Those in the process are Ages, Mtronic, Digistar and Vsolar
===========
TAYOR