RENOUNCEABLE RIGHTS ISSUE OF UP TO 242,192,937 NEW ORDINARY SHARES IN FAST ENERGY HOLDINGS BERHAD ("FEHB" OR THE "COMPANY") ("FEHB SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT THE ISSUE PRICE OF RM0.09 PER RIGHTS SHARE, ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING FEHB SHARE HELD, TOGETHER WITH UP TO 121,096,468 FREE DETACHABLE WARRANTS IN FEHB ("WARRANT(S) B") ON THE BASIS OF 1 WARRANT B FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR, AS AT 5.00 P.M. ON WEDNESDAY, 31 JANUARY 2024 ("RIGHTS ISSUE WITH WARRANTS")
Ex-Date 30 Jan 2024
Date for commencement of trading of rights 02 Feb 2024 Date for cessation of trading of rights 15 Feb 2024
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 29 Feb 2024
Acceptance and Payment 22 Feb 2024 05:00 PM Excess share application and payment 22 Feb 2024 05:00 PM
=========== Take note of on-going rights issue exercise and the important dates
Directors once again resort to massive fund raising via shares issuance to RI Expect directors to continue to raise more fund via shares issuance to PP and ESOS in near future
============ Be aware of previous corporate exercises not beneficial to long term retail shareholders
Announced EX Date Subject Ratio Offer 13 Sep 2022 27 Sep 2022 Share Consolidation 1.0000 : 6.0000 03 Nov 2021 17 Nov 2021 Rights Issue (warrant) 2.0000 : 1.0000 0.1200
============ The recent price surge (high of 0.215) might force those who were caught at high price to subscribe for the rights issue to average down again. Good operator moves !!!
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....
nasilemak5
255 posts
Posted by nasilemak5 > 2024-01-16 16:09 | Report Abuse
I guess RI announcement is getting closer, time to rest awhile & wait for next goreng season