TPY hold too much of shares, no external buyer as many traders and contra players get burn previously dare not get in. Therefore the price stay around 0.12 to 0.13 cent. What now doing is to build up the volume to attract ppl to buy. Just my own opinion.
All will be approved as Majr shareholder is still buying @ 12
Circular/Notice to Shareholders
NEXGRAM HOLDINGS BERHAD
Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED BONUS ISSUE OF UP TO 617,384,147 NEW ORDINARY SHARES OF RM0.10 EACH IN THE COMPANY (“NEXGRAM SHARES” OR “SHARES”) (“BONUS SHARES”), TO BE CREDITED AS FULLY PAID-UP, ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY THREE (3) EXISTING NEXGRAM SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON AN ENTITLEMENT DATE TO BE DETERMINED LATER Attachments
Nexgram Holdings Berhad - Circular.pdf 641 KB
Announcement Info Company Name NEXGRAM HOLDINGS BERHAD (ACE Market) Stock Name NEXGRAM Date Announced 25 Mar 2014 Category PDF Submission Reference No MM-140325-34074
Cash will be used for property development division in shah alam. I expect them to form a new subsidiary soon for this property development sector of the company, followed by a company restructuring.
I'm in this industry and I know what are the following steps be like, as I'm pretty experienced in corporate exercises and restructuring.
TuaHuat, it's different now. They have a plan now, and its already public, that they will move into property development business soon, with estimated profits of RM70 million in Cyberjaya. They are also mulling for M&As of data centres which might has bright prospects in the future. The trick now is to whether one can wait for it to happen?
The timeline for this may be up to 2 years. If you can wait for 2 years, then its cool. But personally, I feel prices will reflect the potential of this company throughout the 2 years, meaning you can't get 0.13/share in 2 year's time.
Ohh icic. Now nexgram is steady and ready to blast through any resistance when good news are out. TPY has been accumulating a lot and this shows a very good sign
Pursuant to Rule 9.19(24) of Bursa Malaysia Securities Berhad ACE Market Listing Requirements, the Board of Directors of NEXGRAM wishes to announce that NEXGRAM had on 25 March 2014, incorporated a wholly-owned subsidiary in the British Virgin Islands, namely, Nexgram Emerging Capital Ltd (“NECL”) and the Certificate of Incorporation was received from the Registrar of Corporate Affairs of the British Virgin Islands on 31 March 2014.
2. INFORMATION OF NECL
NECL was incorporated in the British Virgin Islands under the BVI Business Companies Act, 2004 on 25 March 2014. The present authorised share capital and the paid-up share capital of NECL is US$100,000 divided into 1,000,000,000 shares of US$0.0001 each.
The intended principal activities of NECL is investment holdings.
3. FINANCIAL EFFECTS
The incorporation of NECL is not expected to have any material effects on the earnings or net assets of the Company for the financial year ending 30 April 2014.
4. DIRECTORS’ AND MAJOR SHAREHOLDERS’ AND/OR PERSONS CONNECTED WITH A DIRECTOR OR MAJOR SHARHOLDER’S INTERESTS
None of the Directors and/or major shareholders or persons connected to them has any interests, direct or indirect, in the aforesaid incorporation.
5. STATEMENT BY THE BOARD OF DIRECTORS
The Board of Directors is of the opinion that the incorporation is in the best interest of the Company.
This announcement is dated 31 March 2014.
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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....
GaoLuckStockGod
574 posts
Posted by GaoLuckStockGod > 2014-03-26 09:46 | Report Abuse
Huge buy & sell order volume done by the same BP.