Hi. i am new here, today's announcement ; what does it mean "VIA ISSUANCE OF NEW ORDINARY SHARES OF RM0.10 EACH IN NEXGRAM (“PROPOSED ACQUISITION”)" ??? now the share price is RM0.12, means we loss RM0.02??? HELP
"TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS NEXGRAM HOLDINGS BERHAD (“NEXGRAM” OR THE “COMPANY”) (FORMERLY KNOWN AS NEXTNATION COMMUNICATION BERHAD) PROPOSED ACQUISITION OF 70% EQUITY INTEREST IN SENSORLINK HOLDINGS SDN BHD FOR A PURCHASE CONSIDERATION OF RM28,600,000 (SUBJECT TO ADJUSTMENT AS SET OUT IN THE SHARE SALE AGREEMENT) TO BE SATISFIED ENTIRELY VIA ISSUANCE OF NEW ORDINARY SHARES OF RM0.10 EACH IN NEXGRAM (“PROPOSED ACQUISITION”)"
0.10 = par value of the ordinary shares. Now they issue 190m shares for RM28.6 worth of net assets = 0.15 per shares.... Huat huat huat (hopefullllllllllllll)................ Go go go go go....
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....
richman
10,110 posts
Posted by richman > 2014-07-09 15:13 | Report Abuse
coming? break 12