I gave warning to asking everyone buy in in techfast (buy at own risk). When everyone give warn to same thing, is that a risk or opportunity ? Refer to xox and kanger?
XOX last time relate to ant and alibaba only when high and spike, Kanger i no study therefore I not sure. However to related techfast i think only management but the core business and the income and company future come to another thing
Reference is made to the earlier announcement by UOB Kay Hian on behalf of the Board on 14 April 2021 in relation to the Proposals ("Initial Announcement")
On behalf of the Board, UOB Kay Hian wishes to announce that subsequent to the Initial Announcement, the Board has decided not to proceed with the Proposed Share Split and pursuant thereto, the Board has determined to revise the basis of the Proposed Rights Issue with Warrants whereby Techfast will undertake a proposed renounceable rights issue of up to 909,204,618 Rights Shares on the basis of 2 Rights Shares for every 1 existing Techfast Share held, together with up to 454,602,309 Warrants on the basis of 1 Warrant for every 2 Rights Shares subscribed for, on an entitlement date to be determined and announced later. For avoidance of doubt, there will be no changes to the Minimum Subscription Level and the minimum issue price of RM0.12 per Rights Shares as per the Initial Announcement.
For information purposes, there is no change in the details of the Proposed Disposal and the purpose of this announcement is to announce that the Company will not proceed with the Proposed Share Split and the revised basis of the Proposed Rights Issue with Warrants.
The changes to the relevant sections of the Initial Announcement arising from the revised basis of the Proposed Rights Issue with Warrants and without the Proposed Share Split is set out in the ensuing sections. There are no other changes to other sections of the Initial Announcement.
the minimum amount to be raised from the Proposed Rights Issue with Warrants of RM9,047,603.28 which will be channelled towards the proposed utilisation of proceeds. Accordingly, the Board will fix the issue price of the Rights Shares at no less than RM0.12 each in order to achieve the said minimum amount to be raised from the Proposed Rights Issue with Warrants after taking into consideration the prevailing market conditions and market prices of Techfast Shares at the price-fixing stage, subject to a maximum allowable discount of not more than 50% to the TERP of Techfast Shares based on the 5-day VWAP of Techfast Shares immediately preceding the price-fixing date.
For illustrative purposes only, the indicative exercise price of the Warrants is assumed to be RM0.18, which represents the TERP of Techfast Shares, calculated based on the 5-day VWAP of Techfast Shares up to and including the LPD of RM0.313.
actually whether got this new announcement or not the price want to go up above 0.42 is very difficult if company want share split u think they will let u all buy below 0.42 before share split for a long time ah hahahaha don't think for it anyone back to fundamental
In the 2 or 3 weeks preceding the payment date for the rights issue, the price will climb quite substantially. Its quite a normal trend. But run just before the payment date because it will fall like a stone. For now it's only proposal stage. I won't ep until its almost towards the ex date. But get out before the end.
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....
skyhighinvestor
114 posts
Posted by skyhighinvestor > 2021-05-17 17:32 | Report Abuse
I gave warning to asking everyone buy in in techfast (buy at own risk). When everyone give warn to same thing, is that a risk or opportunity ? Refer to xox and kanger?
XOX last time relate to ant and alibaba only when high and spike, Kanger i no study therefore I not sure. However to related techfast i think only management but the core business and the income and company future come to another thing