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 52,627,496 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0569 Latest issued share capital after the above corporate proposal in the following Units 737,402,457 Listing Date 13 May 2022
Directors continue fund raising after rights issue exercise completed in Nov 2021.
============== 1. ESOS No. of shares issued under this corporate proposal 82,057,012 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0500 Listing Date 06 Apr 2022
2. ESOS No. of shares issued under this corporate proposal 7,395,004 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0500 Listing Date 13 Apr 2022
3. Private placement No. of shares issued under this corporate proposal 6,590,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0531 Listing Date 25 Apr 2022
4. Private placement No. of shares issued under this corporate proposal 9,260,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0540 Listing Date 06 May 2022
5. Private placement (3rd tranche) No. of shares issued under this corporate proposal 52,627,496 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0569 Listing Date 13 May 2022
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
not longer goreng counter, still got quality and price in recent wave also strong ma, set realistic target, maybe quarter and sentiment good . 0.10 got possible.
Promoters ? I don't see it also. But is not funny if you say hiding in the bunker. As we know that oil bunkering take time to profits. Going long term is better choice if those who ever invested in these company.
This BILLC is now bad mouth in Fast lol. Last time bad mouth in DGSB at the end we all profits and laughing all the way until he disappeared. Please lah no guts better quit bursa lol, Fast i swing few rounds already from 5.5/6s to 7.5/8s lol
BILLC Sure to Holland and RIP,,,,still want to collect ???
Private Placement few rounds to get more money, then the director acquires CCK Petroleum (Substantial Shareholder, Steven Kuah) company. Holding 35% shares and Fast is planning to buy another 35% at 28 mil. This is clearly to cash out the money from Fast to personal company. RM 28 Mil to buy 35% of the shares of the company with only RM500K paid up capital, RM32 mul annual revenue, with only RM900K net profit.
After the acquisition of the 35% shares of CCK Petroleum, & also share consodilation 6 to 1, then press the price down again.
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whistlebower99
4,865 posts
Posted by whistlebower99 > 2022-05-13 00:47 | Report Abuse
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 52,627,496
Issue price per share ($$) Malaysian Ringgit (MYR) 0.0569
Latest issued share capital after the above corporate proposal in the following Units 737,402,457
Listing Date 13 May 2022
======
Another tranche of PP shares listing