DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD
Amended Announcements Please refer to the earlier announcement reference number: GA1-25072019-00032
GREEN PACKET BERHAD TypeAnnouncementSubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIODDescriptionDISPOSED OF SHARES AND WARRANTS BY DIRECTORS
We wish to announce that the Company has on 26 July 2019, received notifications from Mr Puan Chan Cheong and Tan Sri Dato' Kok Onn, both are the directors cum substantial shareholders of the Company, on their dealings in the securities of the Company outside the closed period as defined in the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
Tan Sri Dato’ Kok Onn
Date
No. of Ordinary Shares Sold
Total ordinary shares held after change
B/f
-
1,672,560
24/7/2019
1,672,560
0
Date
No. of Warrants Sold
Total warrants held after change
B/f
-
3,086,280
24/7/2019
586,280
2,500,000
25/7/2019
2,500,000
0
Puan Chan Cheong
Date
Direct
Indirect
No. of Warrants Sold
Total warrants held after change
No. of Warrants Sold
Total warrants held after change
B/f
-
45,792,462
-
12,000,000*
25.7.2019
45,792,462
0
12,000,000*
0
Here the summary of my shareholdings after the above change:
Direct
Indirect
95,984,924
169,200,000*
*Deemed interested via Green Packet Holdings Ltd pursuant to Section 8 of the Companies Act 2016.
Green Packet Holdings Ltd
Date
No. of Warrants Sold
Total warrants held after change
B/f
-
12,000,000
25/7/2019
12,000,000
0
Tan Sri Dato’ Kok Onn and Mr Puan are deemed to have indirect interest in Green Packet Holdings Ltd pursuant to Section 8 of the Companies Act 2016.
Any why do they want to sell so many at 0.14 instead of allowing it to gradually picking up on the price? If they didn't offload so many at 0.14, price could easily reach 0.16above
Bulk order in off market direct business dealing at a premium price . Suspect it have a management changeover due to present share-holder bulk dispose to un-disclosure buyer
If all the big tickets being hold by Directors, how to push up?......................so sell to someone then only can have multiple channel to push it up. You help me, i help you..))
Warrant can only moves up after the mother is above 60sen, further their G3 stakes is estimated worth around 0.39sen per share based on last Friday closing. Together with their own NTA 0.17sen, the new NTA for Gpacket should be 0.56sen.
If they dispose G3, we hope there is special dividend to rewards the shareholders too..)
Shares in technology company Green Packet Bhd continued with its two-week uptrend on the back of the rising value of its holdings in another tech-listed company, G3 Global Bhd. The shares of G3 closed yesterday at RM2.90 .This gives it a market capitalisation of RM1.2bil and puts Green Packet’s stake in G3 (including the warrants its holds) at a value of RM595.6mil.
Gpacket cooperate very well with Telecom in the past , could Gpacket works with Telecom or Maxis on 5G Huawei Technology . Could the new partner acquired Gpacket off market share (72.6 million share approx 16 % of total warrant) is from China investor ? Time will tell as it goes along...
It means that G3 can go higher price since its share is corner by top 30 holders . Gpacket market value will increase correspondence with increase of G3 share price so it is a cheaper alternative way of investing in G3 by buying Gpacket
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....
bzeew
320 posts
Posted by bzeew > 2019-07-26 12:53 | Report Abuse
GPacket (0082) Highly Undervalued And Cheap Exposure To G3 (7184).