On behalf of the Board, UOBKH wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue with Warrants as at 5.00 p.m. on Monday, 6 December 2021, the total acceptances and excess applications for the Rights Issue with Warrants were 174,388,993 Rights Shares with Warrants, which represents an under-subscription of 78.48% over the total number of 810,167,904 Rights Shares with Warrants available for subscription under the Rights Issue with Warrants, the details of which are set out below:-
No. of Rights Shares with Warrants %
Acceptances 87,180,018 10.76
Excess applications 87,208,975 10.76
Total acceptances and excess applications 174,388,993 21.52
Total Rights Shares with Warrants available for subscription 810,167,904 100.00
Under-subscription 635,778,911 78.48
This announcement is dated 10 Decemeber 2021.
===== Rights issue under subscribed. Could be a blessing to shareholders in term of lower dilution of shareholding % and EPS Directors still can be happy that Company fund increase by about 21million
NOSH around 600 million Total warrant about 87 million
RI undersubscribe meaning their business cannot attract investor even at such cheap price. After RI still not enough capital for new business, brace for continuous Private Placement and ESOS.
Kindly be advised that the abovementioned Company's additional 174,388,993 new ordinary shares issued pursuant to the aforesaid Rights Issue with Warrants will be granted listing and quotation with effect from 9.00 a.m., Friday, 17 December 2021.
We are also pleased to advise that FAST’s 87,194,496 Warrants issued pursuant to the Rights Issue with Warrants will be admitted to the Official List of the Exchange and the listing and quotation of the Warrants on the ACE Market, will be granted with effect from 9.00 a.m., Friday, 17 December 2021.
================ Take note of listing date of rights shares and free warrants.
Ironically, the 52w share price drop from Rm 0.60 to Rm 0.08. it would be an ironic turn of transform business . if you are the Royal FAST investor, and still holding share at Rm 0.20, Rm 0.30 ,Rm 0.40 or more then Rm 0.60. Do you still trust this company ?????
share price already reflected what investors think about the company, but with current state this is interesting to see big shareholders still willing to apply for x2 amount of RI
Should also find out why Mr Kuah of Kanger disposed some of his shareholding. He could have some insider news too. And find out whether he subscribe for the RI and excess shares.
tomorrow is Warrant listing day..today got ppl call buy..and keep...better wait...if this company wanna to restart his business, share price shld back to 0.055 and below
Another case of stock with RI going down below RI price before RI closing date. Proposed in April 2021, price dropped from 30 to 9 today
============== RENOUNCEABLE RIGHTS ISSUE OF UP TO 690,705,280 NEW ORDINARY SHARES IN CSH ALLIANCE BERHAD (FORMERLY KNOWN AS KTG BERHAD) ("CSH") ("CSH SHARES") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING CSH SHARE HELD AS AT 5.00 PM ON 21 DECEMBER 2021 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.15 PER RIGHTS SHARE, TOGETHER WITH UP TO 690,705,280 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR ("RIGHTS ISSUE")
UOB Malaysia launched U-Energy, the first integrated financing platform in Asia, last week. The bank aims to promote the country’s adoption and development of energy efficiency projects for buildings and apartments.
According to UOB, U-Energy will help local businesses and homeowners save on electricity bills, achieve sustainability goals, and lower carbon emissions, following its initial roll-out in Singapore.
Development of UOB’s U-Energy U-Energy was developed to assist owners keen on taking up energy projects but lack financial support and expertise in finding the right ESCO (energy service companies).
The U-Energy platform features ten ESCOs that play a vital role in providing a technology and services ecosystem.
Customers can tap into these energy efficiency projects via these ESCO, through services such as project consulting, energy audits of sustainable and economic planning, and implementation and comprehensive management of building renovations.
“For businesses and homeowners, implementing energy-efficiency projects on their premises may take up substantial amounts of time, investment, and resources.
“With its end-to-end solutions, U-Energy makes it easy for our customers to access services to save energy costs and reduce their carbon footprint,” said Ng Wei Wei, Deputy Chief Executive Officer, UOB Malaysia, at the virtual launch.
The potential of energy efficiency financing in ASEAN “The potential for energy efficiency financing opportunities in ASEAN between 2020 and 2030 is estimated at US$139 billion,” added Ng.
On average, the ESCOs on the U-Energy platform would help customers cut at least 20 per cent in energy consumption.
“There is an annual economic opportunity estimated at US$1 trillion to be tapped by 2030 in Southeast Asia. Similarly, UOB group aims to build a sustainable finance portfolio of SGD25 billion by 2025,” she said.
These U-Energy partners can support joint energy efficiency projects, such as improving air conditioning efficiency, installing solar panels on roofs, converting to LED lights, optimizing energy and energy management systems, and replacing elevators with energy recovery technology.
Malaysia’s commitment to lowering GHGs As a signatory to the Paris Agreement, Malaysia has committed to reducing GHGs (greenhouse gases) by 45% by 2030.
Of these, 35% are unconditional, whereas the remaining 10% are dependent on additional climate financing, technology transfers, and capacity-building measures from developed countries.
Only 8% of the Southeast Asian nation’s energy generation is from Renewable Energy (RE).
Malaysia has recently introduced multiple initiatives supporting RE uptake, including feed-in-tariffs (FIT), net energy metering (NEM), large-scale solar (LSS), and self-consumption (SELCO).
Financial incentives of going green in Malaysia Businesses can apply for the SRI Sukuk and Bond Grant Scheme under the Security Commission’s (SC) Sustainable and Responsible Investment (SRI) Sukuk Framework or bonds.
Eligible issuers can claim the grant to offset up to 90% of the external review costs incurred, subject to a maximum of RM300,000 per issuance.
As announced in the country’s Budget 2021, income tax exemptions are given to SRI Sukuk and Bond Grant Scheme recipients for five years, up to 2025.
U-Energy is also supported by government agencies such as the Sustainable Energy Development Authority (SEDA) Malaysia, Malaysian Investment Development Authority and Malaysian Green Technology Corporation.
Our observation indicates a surge in terms of both volume and price for FAST on 3rd of January 2022, which, based on the historical performance of the company, there is likely some news to be announced in the near term. Speaking from a technical standpoint, the aggressive breakout from RM0.100 as the utmost important resistance is a very positive sign for the company. We expect the next resistance level to be RM0.120/RM0.145/RM0.180, with a resistance-turned-support at RM0.100.
This stock can't compare to Genetic - Nosh only 59 million whilst Fast - Nosh 1,215 million not easy to goreng. From yesterday's trading looks lai sai operator (too weak).
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Posted by bin22222 > 2021-12-08 14:48 | Report Abuse
Lol, just wonder this account is a bot or human, keep spamming ?