richman, the rights issue with free warrants yet to execute, it was approved in EGM, entitlement date yet to be announce
(II) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 608,806,200 NEW ORDINARY SHARES OF RM0.10 EACH IN NCB (“NCB SHARES”) (“RIGHTS SHARES”) TOGETHER WITH UP TO 304,403,100 FREE DETACHABLE WARRANTS (“WARRANTS”) AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE ON THE BASIS OF TWO (2) RIGHTS SHARES TOGETHER WITH ONE (1) FREE WARRANT FOR EVERY FOUR (4) EXISTING NCB SHARES HELD, BASED ON A MINIMUM SUBSCRIPTION LEVEL OF 120,000,000 RIGHTS SHARES TOGETHER WITH 60,000,000 FREE WARRANTS, ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER;
On behalf of the Board of Directors of NCB, Public Investment Bank Berhad wishes to announce that all the resolutions set out in the Notice of the Extraordinary General Meeting ("EGM”) dated 29 August 2013, were duly passed by the shareholders of the Company at the EGM held today.... this is the resolutions passed in EGM regarding the proposed rights and free warrants.
Acquiring of R&A's share sounds speculative ! Are they expecting R&A to benefit from recent budget - i.e. to build 1,000 telecommunication tower. Or they have insider news? Just wait n see.
NEXTNATION COMMUNICATION BERHAD (“NCB”) - ACQUISITION BY NCB OF 100,000,000 ORDINARY SHARES OF RM0.10 EACH IN R&A TELECOMMUNICATION GROUP BERHAD (“R&A”), REPRESENTING APPROXIMATELY 11.38% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF R&A, FOR A CASH CONSIDERATION OF RM5,000,000 (“ACQUISITION”)
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....
Danielle
104 posts
Posted by Danielle > 2013-10-09 16:09 | Report Abuse
don't want to move at all,harlow,wake up! wake up!