Based on the outcome of Asdion’s extraordinary general meeting held on 11 August 2021, both the Proposed Debt Settlement and Proposed Placement have been approved by the shareholders of Asdion.
------------------------------------------------------------------------------------------ Extracted from RHB Investment Bank corporate news update
* AT Systematization Bhd* has called off its conditional voluntary takeover offer of loss-making logistics and ICT services outfit, Asdion Bhd. Mercury Securities Bhd, on behalf of AT Systematization, said the offer will be withdrawn as Asdion has secured approval from its shareholders at an extraordinary general meeting today for both its proposed debt settlement and placement exercises. Under the first, Asdion proposed to settle its debts owing to certain creditors via the issuance of irredeemable convertible preference shares, while the second involves a placement of up to 20% of its issued shares.
Hooray!, Adsion has mastered AT technique of printing and issuing kacang putih papers to settle its debt to creditors. AT and Adsion, I salute you !. Now make it become an automated process using AT automation skills and equipment, no need to make further announcements in future.
@whistlebower99. Do you think that a company without any plans to do businesses is better than a company which has a plan to do businesses? What kind of THE BLIND PARROT company analyst you are. The cheap plug spammer. Haish
Don't invest in AT share, anyone retail newbie buys the share could stuck quite sometime maybe years.. believe me, it's not a good investment, i made 40% loss including their warrants.
LOL, MZM2511!! Are you referring to a company has plan to do precise machinery but it failed? And they want to venture into sanitizing chamber because market opportunities and U turn. And they also want to do face mask when face mask in demand and U turn? Then decided to do gloves at last because of nitrile glove fetch good price and high demand now? Don’t make me laugh la. LOL
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....
king36
1,022 posts
Posted by king36 > 2021-08-07 21:04 | Report Abuse
Die, die lah if similar to London Biscuit!
A glove manufacturer, why not SUPER MAX in the making?
Oh, heard its a company of cr****.....
Posted by sonickid > Aug 7, 2021 8:45 PM | Report Abuse
Biscuit in the making. London flavour.