Directors continue to raise fund via share issuance to PP, ESOS after rights issue
Types of corporate proposal Private Placement Details of corporate proposal Private placement of up to 10% of the total number of issued shares of Fast Energy Holdings Berhad No. of shares issued under this corporate proposal 9,260,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0540 Latest issued share capital after the above corporate proposal in the following Units 684,774,961 Listing Date 06 May 2022 https://www.klsescreener.com/v2/announcements/view/3544545
====================== NOSH = 684,774,961 set to hit 1 BILLION shares with more share issuance in near future
Expect more dilution of shareholder equity % and EPS
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Latest AR shown largest shareholder only holding around 2% of this cap ayam,,,,better runnnn before trapped for whole life,,,3 sen is on the way,,,,,boh chow cccccccc,,,
oil bunkering should be good business as we are located in the world's busiest shipping lane.It's like owning a petrol station at some of the busiest roads in some of the most populated places.
9.26 million new shares listed at 0,054.There's still remaining of about 12++ million new shares to be listed.....I will start buying after the remaining 12+million shares are listed.
FAST ENERGY HOLDINGS BERHAD (FORMERLY KNOWN AS TECHFAST HOLDINGS BERHAD) ("FAST ENERGY" OR THE "COMPANY") PRIVATE PLACEMENT
On behalf of the Board, UOBKH wishes to announce that the Board had on 5 May 2022 resolved to fix the issue price at RM0.0569 per Placement Share.
The issue price of RM0.0569 represents a discount of 9.97% to the 5-day VWAP of Fast Energy Shares up to and including 29 April 2022, being the last traded day of Fast Energy Shares immediately preceding the price-fixing date of RM0.0632 per Fast Energy Share.
This announcement is dated 5 May 2022.
=============== Next tranche of PP shares to be listed soon
EU will push to ban Russian oil....this may drive oil prices up...which may not bet good for Fast as they are selling fuel....I will wait for 0.05. I 'll wait until all additional new shares are listed out first.
Keep monitoring how directors continue to dilute shareholders equity % and EPS with frequent fund raising via share issuance to esos and private placement at low price.
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....
yewdheng
60 posts
Posted by yewdheng > 2022-05-05 11:56 | Report Abuse
The Straits of malacca is the busiest sea route in the world.The bunkering service can provide refueling to the ships .Big business.