Only mid to long term holder will win. RM1.14 billion contract will be finalize by 1st QR , So have to hold at least 2 to 3 months. Economic recovery 2021 . Back log order put on hold since Feb 2020 till now . The price now could be press down because private placement have not complete
We refer to the earlier announcements dated 20 November 2020, 1 December 2020, 3 December 2020 and 4 December 2020 in relation to the Private Placement.
On behalf of the Board, UOBKH wishes to announce that the Board had, on 8 December 2020, resolved to fix the issue price for the Private Placement at RM0.4372 per Placement Share.
The issue price of RM0.4372 per Placement Share represents a discount of approximately 9.99% to the 5-day VWAP of Techfast Shares up to and including 8 December 2020, being the last traded day of Techfast Shares immediately preceding the price-fixing date of RM0.4857 per Techfast Share.
+++++++++++++++++++++++++++++++++++++++++++ Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal Private Placement Details of corporate proposal Private Placement of up to 10% of the issued shares of Techfast Holdings Berhad No. of shares issued under this corporate proposal 22,814,847 Issue price per share ($$) Malaysian Ringgit (MYR) 0.4372 Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following Units 250,963,324 Issued Share Capital ($$) Malaysian Ringgit (MYR) 39,920,488.110 Listing Date 15 Dec 2020
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....
Kamarul32
2 posts
Posted by Kamarul32 > 2020-11-20 09:31 | Report Abuse
yes,in the rigth time