Numerous case studies demonstrate that oil bunkering is frequently quite challenging, but that once it recovers, it can make up losses of up to five to ten years. However, Fast is still doing well and is profitable; this is a ready endeavour to continue doing well.
On behalf of the Board, UOBKH wishes to announce that the Board had on 5 October 2022 resolved to fix the issue price of the Private Placement at RM0.1248 per Placement Share.
The issue price of RM0.1248 per Placement Share represents a discount of 20.00% to the 5-day VWAP of Fast Energy Shares up to and including 4 October 2022, being the last traded day of Fast Energy Shares immediately preceding the price-fixing date, of RM0.1560 per Fast Energy Share.
============== Directors fixed PP price at 0.1248 to offer an attractive price to selected lucky PP investors; Instant profit, free money for PP investors Existing shareholders see their shareholding equity % reduced EPS also reduced
undervalued and have pretty good outlook especially in O&G. hope the coming quarter will be decent and they can fulfil the huge contracts they acquired recently
Types of corporate proposal Private Placement Details of corporate proposal Private placement of up to 35% of the total number of issued shares of Fast Energy Holdings Berhad No. of shares issued under this corporate proposal 12,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.1248 Latest issued share capital after the above corporate proposal in the following Units 134,897,709 Listing Date 14 Oct 2022
================ Expect directors to raise more fund via shares issuance to PP, ESOS PP will be 35% of the total number of issued shares of Fast Energy Holdings Berhad Lucky PP investors given special PP price will make money FAST.
Details of corporate proposal Acquisition of 175,000 ordinary shares of CCK Petroleum Sdn Bhd ("CCKSB"), representing 35.0% equity interest in CCKSB for a purchase consideration of RM28,000,000 ("Purchase Consideration"). The Purchase Consideration shall be satisfied via a combination of cash payment of RM23,972,660 whilst the remaining purchase consideration of RM4,027,340 shall be satisfied via the issuance of 11,800,000 new ordinary shares of Fast Energy Holdings Berhad ("Fast Energy") ("Fast Energy Share(s)") at the issue price of RM0.3413 per Fast Energy Share
No. of shares issued under this corporate proposal 11,800,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.3413 Latest issued share capital after the above corporate proposal in the following Units 146,697,709 Listing Date 19 Oct 2022
============ Better not be misled by the high issue price; Seller are not silly when the current price is only 0.15 Ask Quah Choon Ching who sold his 30% of CCK Petroleum to FAST last year, after which he sold off below the issue price
Under the group of FAST, we would notice that the company was also involved in the manufacturing and distribution of specialized fasteners and related precision turning and machining parts for the electronics, telecommunication, computer peripherals and automotive industries. In which, if we report to the IDC’s report, these sectors are going to experience c. 20% to 30% CAGR growth for the coming year.
Moreover, the company is also a manufacturer of mould cleaning rubber sheets for semiconductor industries. Mould cleaning rubber sheets are consumable material, which are similar to what MI TECHNOVATION BERHAD newly acquired solder ball business – both are prone to grow in tandem with the semiconductor boom.
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....
vale0111
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Posted by vale0111 > 2022-10-06 14:50 | Report Abuse
need improve eps oso, else we wont see much changes , or pique investors interest in fast