this counter forum is being monitored. someone trying to hide the truth. now its hopeless when fintech team in. the price keep dropping and what do you expect? heading to 12c or could be less. CL when you got time. save whatever money you left. just wait for the perfect time to pnd
RENOUNCEABLE RIGHTS ISSUE OF UP TO 909,204,618 NEW ORDINARY SHARES IN FAST ENERGY HOLDINGS BERHAD (FORMERLY KNOWN AS TECHFAST HOLDINGS BERHAD) ("FAST ENERGY" OR THE "COMPANY") ("FAST ENERGY SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING FAST ENERGY SHARE HELD, TOGETHER WITH UP TO 454,602,309 FREE DETACHABLE WARRANTS IN FAST ENERGY ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR, AS AT 5.00 P.M. ON THURSDAY, 18 NOVEMBER 2021 AT AN ISSUE PRICE OF RM0.12 PER RIGHTS SHARE ("RIGHTS ISSUE WITH WARRANTS")
Ex-Date 17 Nov 2021 Entitlement date 18 Nov 2021 Entitlement time 5:00 PM
Date for commencement of trading of rights 19 Nov 2021 Date for cessation of trading of rights 26 Nov 2021
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 10 Dec 2021
Acceptance and Payment 03 Dec 2021 05:00 PM Excess share application and payment 03 Dec 2021 05:00 PM
Available/Listing Date 17 Dec 2021
Ratio (New : Existing) 2.0000 : 1.0000 Rights Issue / Offer Price Malaysian Ringgit (MYR) 0.1200
================================== Take note of the important dates.
Coming next is Ex-date on 17 Nov 2021. Price will be adjusted based on 16 Nov closing price, rights issue price (0.12) and warrant exercise price (0.15).
================================== Get your money ready if your are subscribing for the rights issue with free warrants.
ARB drops almost 25% on proposed rights issue of new shares. Directors resorting to fast and easy way to raise company fund instead of focusing on generating more profits from businesses.
If the price before the Ex-Date of the right issue transacted below 12 sen, that means the situation will be as what happened to the last RI exercise of Kanger.
Maybe, it's a probability that the same gang of operator/s involved. TAYOR...
Directors are responsible to ensure success of rights issue exercise to raise fund from shareholders but they are not responsible to ensure shareholders make money from subscription of rights issue shares.
17/11 Ex-date 19/11 commencement for trading of rights 25/11 last day of sale for rights 3/12 last day of acceptance & payment 17/12 Tentative listing date
Oil bunkering business profitable or not? Look at Straits, the profit margin is very low for Straits. What make market expect Fast can earn more from this? Fast's share number will become more after right issue.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
tonygofly
275 posts
Posted by tonygofly > 2021-11-04 17:36 | Report Abuse
those that take advantage of the dip or the one that cut loss early??