Pursuant to Paragraph 6.60(1) of the ACE Market Listing Requirements of Bursa Securities, a listed issuer must complete the implementation of a proposal relating to an issuance of securities within six (6) months from the date of approval by Bursa Securities. Bursa Securities vide its letter dated 29 May 2015 granted its approval for the Proposals. The six (6) month timeframe lapses on the 28 November 2015.
On behalf of the Board of Directors of Vsolar, M&A Securities Sdn Bhd wishes to announce that an application for extension of time of four (4) months up to 28 March 2016 to complete the Proposed Rights Issue with Warrants has been submitted to Bursa Securities.
It might drop further...still a long way to go 28 March 2016 for the rights issue and free warrants. At first it was attractive but suddenly they want to apply for time extension. How can the investors be happy to wait another 4 months? Buy at your own risk.
Pursuant to Paragraph 6.60(1) of the ACE Market Listing Requirements of Bursa Securities, a listed issuer must complete the implementation of a proposal relating to an issuance of securities within six (6) months from the date of approval by Bursa Securities. Bursa Securities vide its letter dated 29 May 2015 granted its approval for the Proposals. The six (6) month timeframe lapses on the 28 November 2015.
On behalf of the Board of Directors of Vsolar, M&A Securities Sdn Bhd wishes to announce that an application for extension of time of four (4) months up to 28 March 2016 to complete the Proposed Rights Issue with Warrants has been submitted to Bursa Securities. 18/09/2015 14:57 "
Don't look down at VSolar. It will ride up. The business plan is good since it was still a new business yet to breakeven. Same for RA which used to be very good stock until bought over. However, the restructuring is going and it might take a while for the shares to be up again.
still got people buy Con-solar shares nowadays? until today they still did not report any revenue from their solar business~~it has been more than 2 years now? wonder what is the management doing other than trying to con investors.....investors who lost money on this counter should file a poison letter to SC~~!!
@yongyou Yeah...xox is a better bet now. I just shifted my portfolio to XOX from Vsolar since the extension for the rights is making me lose some confidence.
Buy lah XOX and open your XO champagne....yamseng!!! hahaha Vsolar extended the rights issue...I lost my confidence...switched to XOX and viola....richkid is rich!
Sailang all KNM-WA...hahahahahah Still cheap penny 11 sen... can fly today! Mother fly like nobody's business...son still lagging... today confirm KNM-WA gap up!!!
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richkid
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Posted by richkid > 2015-09-18 14:57 | Report Abuse
Not a good news ...need to wait until March 2016....haiz... sell and buy XOX better then... :(
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4869085
Pursuant to Paragraph 6.60(1) of the ACE Market Listing Requirements of Bursa Securities, a listed issuer must complete the implementation of a proposal relating to an issuance of securities within six (6) months from the date of approval by Bursa Securities. Bursa Securities vide its letter dated 29 May 2015 granted its approval for the Proposals. The six (6) month timeframe lapses on the 28 November 2015.
On behalf of the Board of Directors of Vsolar, M&A Securities Sdn Bhd wishes to announce that an application for extension of time of four (4) months up to 28 March 2016 to complete the Proposed Rights Issue with Warrants has been submitted to Bursa Securities.