Are we still chasing the test kits? Late comer on test kits Rubberex seems to have done it and we are still chasing? They have even done better in what we aim to do by branching out into the health industries. Management is useless, the company is a means of pocketing money for themselves!
The Board of Directors of mTouche wishes to announce that mTouche International Sdn. Bhd. ("MISB"), a wholly-owned subsidiary of the Company has on 3 June 2022, entered into two (2) Sale and Purchase Agreements ("SPAs") with BRDB Developments Sdn. Bhd. [Registration No. 196401000190 (5521-A)], to acquire the following two (2) units of retail / office premises / space at a total consideration of RM17,897,800.00 (Ringgit Malaysia Seventeen Million Eight Hundred Ninety-Seven Thousand and Eight Hundred only) in accordance with the terms and conditions of the SPAs ("Proposed Acquisition of Properties"):-
=================== The Purchase Price will be funded by a combination of utilisation of proceeds of up to RM 7.5 million raised from the previous corporate exercise and bank borrowings for the balance Purchase Price.
================== Utilisation of company fund and bank borrowing
================== When company fund gets low, directors might resort to more fund raising via share issuance to PP, ESOS or RI
Can someone explain how do you buy or sell 1 share @ current price of 0.055, and what is the cost of that transaction. What is the point of the whole exercise? Thought there is a minimium lot size. How did they get pass Bursa to enable them to post such information?
Be aware of dealings by big shot fund parked under foreign financial institution
Particulars of substantial Securities Holder Name MITSUBISHI UFJ FINANCIAL GROUP, INC 1 20 Jul 2022 1 Acquired Deemed Interest Name of registered holder Morgan Stanley & Co. International plc
Acquisition of one (1) Ordinary Share by Morgan Stanley & Co. International plc ("Morgan Stanley Group") in which Mitsubishi UFJ Financial Group, Inc ("MUFG") is deemed interested in the shares by virtue of MUFG's holding more than 20% interest in shares of Morgan Stanley Group.
Indirect/deemed interest (units) 61,800,000 Indirect/deemed interest (%) 6.669 Total no of securities after change 61,800,000 Date of notice 22 Jul 2022
When one is angry with mTouche, one should look at other companies with lots and lots of $$$ , much much more tham mTouche, and having their share price badly beaten down, you know you will just hve to wait.
Before the Rights issue, when was the last time mTouche has so much cash? I wonder how long the major shareholders / those holding vast amount will continue to tolerate the current management ..heehee. I can be as patient as them because i hold very little compared to them.. High interest rate environment now...major shareholders etc losing money when mTouche share is at this level..heehee
Be patient. With tens of million of Ringgit, mTouche cannot stay at sub RM0.10 Management has to perform. Imagine that you hv put your money' s worth in a fixed deposit. RM0.050 is still an attractive price to buy
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