DOWNTREND. Further weakness expected. NEXT SUPPORT 0.61
TMC Life Sciences may experience further correction after closing below the MYR0.69 level. Traders may expect further weakness if the stock stays below this level in the near term, with the next support level anticipated at MY0.655, followed by MYR0.61. The stock may trade sideways if it recovers back above MYR0.69, while bullish bias is likely to return if it recovers above the MYR0.74 level.
(II) PROPOSED BONUS ISSUE OF 599,760,718 WARRANTS (“BONUS WARRANTS”) IN TMC TO ALL ENTITLED SHAREHOLDERS OF TMC ON THE BASIS OF ONE (1) BONUS WARRANT FOR EVERY TWO (2) EXISTING TMC SHARES HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED BONUS ISSUE OF WARRANTS”);
if am not wrong it can easily go to 0.75cent(AT AN ISSUE PRICE OF RM0.75 PER SHARE)
just the matter of time? correct me if am wrong. thanks
(I) PROPOSED ACQUISITION BY TMC OF 1,000,000 ORDINARY SHARES OF RM1.00 EACH, REPRESENTING THE ENTIRE EQUITY INTEREST OF BB WATERFRONT SDN. BHD. FROM BEST BLEND SDN. BHD. FOR A PURCHASE CONSIDERATION OF RM400,000,000 TO BE SATISFIED VIA THE ISSUANCE OF 533,333,333 NEW ORDINARY SHARES OF RM0.10 EACH IN TMC (“SHARES” OR “TMC SHARES”) (“CONSIDERATION SHARES”) AT AN ISSUE PRICE OF RM0.75 PER SHARE, TOGETHER WITH 266,666,666 FREE DETACHABLE WARRANTS (“CONSIDERATION WARRANTS”) ON THE BASIS OF ONE (1) CONSIDERATION WARRANT FOR EVERY TWO (2) CONSIDERATION SHARES (“PROPOSED ACQUISITION”);
MULTIPLE PROPOSALS (I) PROPOSED ACQUISITION; (II) PROPOSED BONUS ISSUE OF WARRANTS; (III) PROPOSED IASC; AND (IV) PROPOSED ESOS. We refer to the announcements dated 6 February 2015, 16 February 2015 and 25 March 2015 in relation to the Proposals.
On behalf of the Board, Maybank IB wishes to announce that Bursa Securities had, vide its letter dated 6 May 2015, approve the following:
(i) admission to the Official List of the Main Market of Bursa Securities and listing of and quotation for 266,666,666 Consideration Warrants to be issued pursuant to the Proposed Acquisition;
(ii) admission to the Official List of the Main Market of Bursa Securities and listing of and quotation for 599,760,718 Bonus Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants;
(iii) listing of and quotation for 533,333,333 new TMC Shares to be issued pursuant to the Proposed Acquisition;
(iv) listing of and quotation for such number of additional new TMC Shares, representing up to fifteen percent (15%) of the issued and paid-up share capital (excluding treasury shares) of TMC to be issued upon the exercise of options pursuant to the Proposed ESOS;
(v) listing of and quotation for up to 266,666,666 new Shares to be issued upon exercise of the Consideration Warrants; and
(vi) listing of and quotation for up to 599,760,718 new Shares to be issued upon exercise of the Bonus Warrants.
The approval granted by Bursa Securities for the Proposed Acquisition, Proposed Bonus Issue of Warrants and Proposed ESOS are subject to the following conditions:
(i) TMC and Maybank IB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Acquisition, Proposed Bonus Issue of Warrants and Proposed ESOS;
(ii) TMC and Maybank IB to inform Bursa Securities upon the completion of the Proposed Acquisition, Proposed Bonus Issue of Warrants and Proposed ESOS;
(iii) TMC must comply with the public shareholding spread requirements pursuant to Paragraph 8.02 of the Listing Requirements upon listing and quotation of the Consideration Shares issued pursuant to the Proposed Acquisition;
(iv) TMC and its adviser to furnish Bursa Securities prior to the listing and quotation of the Consideration Shares, the confirmation from the adviser that TMC complies with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Listing Requirements and a certificate of distribution of the shares in the format contained in Part B(1)(d) of Annexure PN21-A of the Listing Requirements;
(v) TMC to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Acquisition, Proposed Bonus Issue of Warrants and Proposed ESOS are completed;
(vi) Maybank IB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to Paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation;
(vii) TMC is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of the Bonus Warrants and exercise of options, as at the end of each quarter together with a detailed computation of listing fees payable; and
(viii) TMC to furnish Bursa Securities with a certified true copy of the resolutions passed by the shareholders in a general meeting approving the Proposed Acquisition, Proposed Bonus Issue of Warrants and Proposed ESOS.
anyway, my plan is to long hold... die die hold for 5years see how... can see it growing and pls read the proposal they mail... their total asset is superb!!! comparing to few mil of debt...
Bonus issue of up to 599,760,718 warrants ("Bonus Warrants") on the basis of one (1) Bonus Warrant for every two (2) existing ordinary shares of RM0.10 each in TMC
The exercise price of the bonus warrant is fixed at RM0.75 for each warrant. Since 1 bonus warrant is issued for every two shares, it means that after the exercise, your shares will dropped by RM0.35 per share and you will get warrrants which is half the number of your shares. Correct me if I am wrong.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3422 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
alex3388
1,282 posts
Posted by alex3388 > 2015-03-13 21:12 | Report Abuse
CFTrader, Thank your expert info