On behalf of the Board, UOBKH wishes to announce that the Board had on 8 November 2022 resolved to fix the issue price of the Private Placement at RM0.0867 per Placement Share.
The issue price of RM0.0867 per Placement Share represents a discount of 19.94% to the 5-day VWAP of Fast Energy Shares up to and including 7 November 2022, being the last traded day of Fast Energy Shares immediately preceding the price-fixing date, of RM0.1083 per Fast Energy Share. This announcement is dated 8 November 2022.
========= Directors set attractive issue price for lucky selected PP investors Instant profit for PP investors. Who are they? Retail investors who subscribed RI and had shares consolidation suffered huge paper losses have to wait longer to breakeven or reduce losses.
========= Directors are good in fund raising via shares issuance to PP, ESOS, RI and asset acquisition.
Fast Energy stated that its petroleum trading activities are capital intensive, as the group must have sufficient financial resources to secure and purchase the petroleum products needed to supply customers such as companies in the shipping or bunkering industries.
optimism from many fronts that the oil market is headed towards bullish territory; the Monthly Oil Market Report stated that “in 2023, expectations for healthy global economic growth, combined with anticipated improvements in the containment of COVID-19 in China, are expected to boost oil consumption
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....
kobaytanhl
69 posts
Posted by kobaytanhl > 2022-11-08 12:54 | Report Abuse
from their old declining business, to making hard decision to dispose, till now, it's not easy
good thing we all finally went thru it through transition year 2021 - 2022